How do I introduce Bitcoin to my client? - page 3.

SOKO-DEKE

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Quote from: Natalim on July 10, 2024, 05:45:21 PM

Convincing someone to invest or buy bitcoin is like putting yourself at a high risk to be blame later on. Why? Because you shouldn't be doing that to those who are not knowledgeable and not aware about how risky bitcoin is. You can introduce and teach them how bitcoin is valuable and beneficial but you can't just simply decide for them to invest while they are still not completely aware that they can also lose from this volatile investment. Teach them about bitcoin until they clearly understand it, and at the end of the day, give them the freedom to decide whether they will pursue bitcoin or not since there are still other investments that aren't volatile and are not that risky compared to bitcoin.

Honestly, it is not a good idea to try to convince anyone to invest in Bitcoin. I don't see any reason why someone would try to do that. The best approach is to introduce Bitcoin to them and allow the knowledge they gain about it to convince them to invest. As you said, if they fail, they will fully blame the person who advised them to invest. It's better to avoid anything that could later bring blame to us.

As we all know, Bitcoin involves risk due to its volatile nature. If you try convincing someone, they may go ahead and invest money they might need in the nearest future or even borrow money to invest, which is very risky. Because may need money at a time when the price of Bitcoin is down, and they might end up selling at a loss. There is also the possibility of getting scammed by scammers. Convincing someone to invest can lead the person to make a wrong decision.

Baki202

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Quote from: Natalim on July 10, 2024, 05:45:21 PM

Convincing someone to invest or buy bitcoin is like putting yourself at a high risk to be blame later on. Why? Because you shouldn't be doing that to those who are not knowledgeable and not aware about how risky bitcoin is. You can introduce and teach them how bitcoin is valuable and beneficial but you can't just simply decide for them to invest while they are still not completely aware that they can also lose from this volatile investment. Teach them about bitcoin until they clearly understand it, and at the end of the day, give them the freedom to decide whether they will pursue bitcoin or not since there are still other investments that aren't volatile and are not that risky compared to bitcoin.

You don’t force people to invest in bitcoin because when the business is not in their favor they will not want to take blame rather they will be put everything on the tutor and if anyone one wants to behave that way the person is not really ready to learn. If not people don’t want to learn why not accept the blame and prepare to learn more. Because am sure that by the time they are introducing them they would have told them about the risk behind going into bitcoin because their is no joke when you want to invest. And that is why sometimes I don’t blame people that have academy they will give you a form to fill and in that form you must be ready to accept their terms and conditions so their is no way you can blame anyone because the form was filled by the interested person so that you can avoid been blame because you see a lot of people making stories about bitcoin that you will lose your money when you invest and all this is because they lack proper information.

red4slash

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

Does it mean that you convince them to be in bitcoin or convince your clients to deposit money with you so that it can be capitalized as bitcoin in this case?
Because when it comes to investing even if your client does the investment what is the benefit for you because in the end when other people invest in bitcoin then it is definitely a differentiator where your client is the one who invests and you don't get anything out of it even though it is a good thing.

But when you convince others to invest capital that you can invest in bitcoin I do not recommend it because in the end invest according to your ability do not involve others about this because I think it will not end well if you force other people's capital that you want to make as an investment material.

Magic-Money

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Investment is a personal business and you can force anyone to invest what he/she doesn't know about on how it works, first thing to do, if you talk to the person about cryptocurrency market, you explain briefly about Bitcoin on how it works in the ecosystem. Explain the trading expect and investment history of Bitcoin price movement for every circle and also let the person know that Bitcoin is a patient business, not to get rich quick, but to get rich is sure, if the person can follow the rules and being patient.

YUriy1991

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

You don't need to tell your client, for example, about the sensation, but you just need to convey that investing in BTC must be long-term and also remind him about things that are considered specific, for example the timing when he will buy, because if that is not conveyed, he will definitely blame you for the recommendation. what is given is considered misleading and detrimental to him.

Maybe along the way, not everything is as desired, but at least there are many positive points that come to your client's mind. Moreover, he came and believed in the great potential behind the technology in BTC, which in itself will increase the value of trust that investing in BTC will not be in vain in the end.

Taskford

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network. There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

Yep, no doubt bitcoin is the best asset we have in cryptocurrency scene and asset we have that's why we are here for so long still using it because we find a good opportunity for acquiring bitcoins especially for long term benefits and discussions.

But in these cases I guess I will not try to open up any bitcoin discussion and convince them to invest especially with my clients. Since I'm afraid to lose a relation with them if something bad happen to them. Just discuss this matter if they are bitcoin user, but if they don't have any knowledge about it then keep those information's for yourselves just to avoid any personal conflict. I know you or there are people are so excited to share bitcoin to other people. But they should know that not everyone is interested on it since people have different perspective and maybe they will think about negative about bitcoin and you introduce a possible scam to them. So to avoid any issues just focus on your work related activities with your client and don't open any risky matters to them.

LDL

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network. There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

What kind of advice you give your clients about Bitcoin is entirely up to you. But if your client is interested in knowing about Bitcoin then you can definitely tell him about Bitcoin. Since your client is asking you about investing, you should educate him about the risks of investing beforehand. One thing to remember is that investing is not an easy thing because to invest you must be well informed about the market conditions. If your client wants to know about other cryptocurrencies, what you will tell him about altcoin is also riskier than bitcoin investment. So must first inform him about the market risk and then advise him to invest.

2Pizza410000BTC

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network. There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

Those who are new to the bitcoin ecosystem I would say stay away from giving investment advice to these people as complete newbies should be let know about bitcoin first and never make an emotional investment. First the new person needs to know about the bitcoin ecosystem if he can fully understand and prepare to invest at his own risk then you can advise him about bitcoin and investing. Also I don't think you can advise a new person to invest directly.

Let's say one of your clients investing on your word is brand new and has no knowledge of the Bitcoin system. Now your client will blame you if the market is dumping a lot and he loses a lot of money after investing. But he will definitely blame you because he will never leave you when he is hurt. Bitcoin market is full of volatility Bitcoin market proceeds with dumping and pumping so there is no guarantee that your client will not get hurt by investing in this situation but of course he will get hurt and blame you. So stay away from listening to others and always be in such a way that no one can blame you.

Orpichukwu

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Quote from: ShaneDiesel on July 10, 2024, 11:47:39 AM

Just understand what bitcoin is and their impact towards our future so explain this to your client in a sense that its beneficial for them

What do you mean when you say explaining bitcoin to them in the way that it will be beneficial to them? That sounds convincing to me, like trying to tell them the part of bitcoin that will only benefit them instead of educating them about what bitcoin is all about entirely.

It's volatile nature and how you can invest and need to wait for years before the person can take some profit, how they can lose everything if they are not careful with their wallet key and the rest of them. To me, it's even better if we start telling people about the disadvantages so that they can be well informed of what they are about to do.

Natalim

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Quote from: Casdinyard on July 07, 2024, 07:25:39 PM

Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network. There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

Here's the thing, what you're trying to do here is by all means a massive death wish to your character, but I'll humor you in hopes that you wouldn't advise anyone with a $1.50 to buy bitcoin. First off, they need to do thorough research about bitcoin, you can precede the research but always have them realize/know what the pros and cons of investing in bitcoin is. They have to always be aware of what they are getting themselves into, the good and the bad.

Then, what you need to do next is to properly instruct them how to securely invest in bitcoin, if they are capable/interested in mining, have them know about it as well. Wouldn't hurt would it?

Afterwards, teach them about security and keeping their crypto safe. Have them be made aware of rugpulls, honeypot scams, the whole 9 yards. The more they know, the more they can weigh in whether they really want to invest in bitcoin or not. Most of these people will be put off by the first stage, but everyone who gets past all these stages are sure to be learned crypto investors who do not relent at the first sight of dump.

Convincing someone to invest or buy bitcoin is like putting yourself at a high risk to be blame later on. Why? Because you shouldn't be doing that to those who are not knowledgeable and not aware about how risky bitcoin is. You can introduce and teach them how bitcoin is valuable and beneficial but you can't just simply decide for them to invest while they are still not completely aware that they can also lose from this volatile investment. Teach them about bitcoin until they clearly understand it, and at the end of the day, give them the freedom to decide whether they will pursue bitcoin or not since there are still other investments that aren't volatile and are not that risky compared to bitcoin.

uneng

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

Why doesn't your client have any idea on how Bitcoin works? Was he recently introduced to Bitcoin conversation? Doesn't he have time to read and watch videos about it? What is preventing him from understanding how Bitcoin works?

Those are the questions which have to be answered first. Then we can start elaborating what can be done in sequence, so this client can also adopt Bitcoin for his life and have access to all the benefits it brings to adopters.

Actually, there aren't any misteries and difficulties in becoming a Bitcoin investor. You don't have to be a tech guru or to have a deep knowledge in informatics. You don't have to understand all the technical procedures of Bitcoin and to explain how they work. And for every steps you have to follow in order to start investing, you can find them on internet's tutorials. If your client has legit interest on it, I think he will educate himself on this matter quite fast...

ShaneDiesel

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Just understand what bitcoin is and their impact towards our future so explain this to your client in a sense that its beneficial for them

Hatchy

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

I need suggestion to this.

If your business has something to do will buying and selling, you can gradually input Bitcoin into it as a medium of payment. Some business consider multiple payment options for their clients and thus may think about cryptocurrency and Bitcoin as and alternative methods of payment which is actually one of the main purpose for Bitcoins creation. This way, you are able to educate them about Bitcoin for those who might not even be aware of it. But don't force anyone into using it as it's just an alternative payments method. Those who might be interested would seek further explanation on what it is and get to know more about Bitcoin. If you are someone who knows much about Bitcoin, then you can educate them through the process.

uswa56

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Quote from: Out of mind on July 10, 2024, 02:09:58 AM

If you want to share this with your clients about Bitcoin investment, then you must first understand everything about Bitcoin. If you have knowledge and experience about Bitcoin, can analyze the market, it will be easier to convince others. Before you tell your client about the investment, he must make you aware of the risks and potential losses due to market volatility. If you can explain everything to him and if he agrees, then invest bitcoins with him personally. Also, never force someone to decide to invest in Bitcoin, because you will only message them to invest in Bitcoin if they are interested in investing in Bitcoin.

When someone gives someone else an understanding of Bitcoin, they must be able to explain it well and in as much detail as possible so that if they decide to try it they don't make mistakes that cause them to lose the assets they invested in Bitcoin and it's a good idea to keep an eye on them when they first try it so that can do it right, but we don't have to force people to try investing in Bitcoin if they don't feel ready to invest and give them time to first learn well about investing before deciding to invest.

tottong

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network. There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

Why do you think it is important and why do people think it is difficult just to get started?
Technology is developing so fast and there are many tutorials in learning how to do it and maybe people are too lazy to have the interest to start.

Quote

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

Avoid giving advice to others, especially those who don't know anything about bitcoin.
There are a lot of risks that you accept because they don't have any understanding, but if you want to give them investment ideas, then the steps you need to take include understanding risk, management and mental strength.

You also have to know the person's character and how they have previously been involved in other investments.
If they prefer physical investments and are afraid of facing fluctuating risks then this is not suitable for them.

Out of mind

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If you want to share this with your clients about Bitcoin investment, then you must first understand everything about Bitcoin. If you have knowledge and experience about Bitcoin, can analyze the market, it will be easier to convince others. Before you tell your client about the investment, he must make you aware of the risks and potential losses due to market volatility. If you can explain everything to him and if he agrees, then invest bitcoins with him personally. Also, never force someone to decide to invest in Bitcoin, because you will only message them to invest in Bitcoin if they are interested in investing in Bitcoin.

Onyeeze

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network. There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

before you convince someone to invest in Bitcoin or to make a payment for you with Bitcoin you have to know the ecosystem of Bitcoin first because without you knowing the systematic way of Bitcoin I don't think that you have a good explanation to render to any person so all your own work out yourself of knowing the methodologies of Bitcoin because if you don't know it there is nothing any person with tell you in this community that you will understand properly to convince another person to know bitcoin or invest in Bitcoin or to make a payment with Bitcoin so on your own you have to set up a research and the inquiries to know very well or Bitcoin and mastered the procedures very well before you can transfer the knowledge to another person so that when the person asks you request on you will know what to tell the person not everything that is from this your thread as advice you will tell someone so use your own knowledge to understand the procedures first

Wakhid Mukti

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First, don't be too persistent in convincing someone to dive into the Bitcoin realm. The reason is, Bitcoin is volatile, and there is a risk of loss if someone does not really understand Bitcoin itself.

To use Bitcoin in terms of payments or anything else, both parties must know what Bitcoin is, how the system is and the risks and benefits. If only one person understands and the other party doesn't understand, this will clearly cause new problems.

Innovation comes from oneself and knowledge of it. If innovation is just an invitation or coercion it will only cause problems and losses due to a lack of understanding in this area.

Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network.

In terms of speed and cheap transaction costs, perhaps there are types of cryptocurrency other than Bitcoin that are superior to BTC.

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Quote from: Sky_T on July 06, 2024, 06:23:29 AM

No doubt, Bitcoin is one of the fastest and smartest virtual currency that has been designed to support P2P and a transparent transaction between users on a decentralized network.

You said No doubt that bitcoin is the fastest and smartest. How come you are very sure of what you are saying when you don't know much about bitcoin? The strength of bitcoin doesn't lie on fastness nor smartness because it is not the best there. But on decentralization.

Quote from: Sky_T on July 06, 2024, 06:23:29 AM

There are many that has actually want to venture into bitcoin market investment, but no ideas on how to start.

No big deal, they should first learn about it.

Quote from: Sky_T on July 06, 2024, 06:23:29 AM

If I have a client that wants to invest in Bitcoin or any other cryptocurrencies, but he/she does not have any actue ideas on how the Bitcoin ecosystem works. How do I convince such person? what are the smartest ideas and informations I need to share to such person inorder to align with their vision?

I need suggestion to this.

If you have a client that is interested in learning about bitcoin but do not have an idea on how to go about it, they should simply make out time and learn about bitcoin, do their own research and take decisions they will be accountable to.

Nothingtodo

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See Bitcoin is a public topic Explain to your friend about Bitcoin the same way you learned about Bitcoin. You should slowly explain the Bitcoin pros and cons to your friend and don't encourage him to invest too soon. Don't force your friend to buy Bitcoin if he doesn't want to. If your friend has no interest in investing in a pair of bitcoins, don't ask him to invest against his will. However, one thing to remember is that investing in Bitcoin is a personal choice of an investor, so advising someone against their will is not acceptable in any way.

Topic: How do I introduce Bitcoin to my client? - page 3. (Read 1099 times)