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

lixer

hero member

Activity: 2688

Merit: 588

Quote from: mindrust on July 06, 2024, 01:17:34 PM

You don’t need to convince anybody. If he needs bitcoin, he will learn about it. Maybe it is not the right time for him to learn about bitcoin yet. In the past some people received hundreds of bitcoins as gifts and they have lost the passwords for the wallets of those coins because they didn’t care. Of course now they care because the price is a lot higher than what it used to be but the sad thing is, they can’t access their funds anymore.

Long story short, let your client do whatever he likes to do. Give him enough information to see if he understands what you are telling and if he does, give him some more. If he is not interested, it is not worth your time, leave him be.

People who are just starting to get interested in Bitcoin have a lot of things they want to know and understand. When someone asks us about Bitcoin, we should inform them of both the pros and cons of Bitcoin. One should never force anyone to buy Bitcoin or any other coin because if he buys a coin and loses money then all the blame is on us. After all, we recommended it, so it is better to ask him to study more about Bitcoin and the market by paying attention to the market conditions and when he is satisfied with himself and learns everything if it feels better, then he will do it himself, and if he does not feel better, then he will not do it.

As the popularity of Bitcoin grows more and more people are taking an interest in Bitcoin, they want to know and understand about Bitcoin and I think that with time, its popularity and prices will increase. Just as gold has become expensive today, Bitcoin will one day become so expensive that it will be beyond the reach of some people.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: Sky_T on July 06, 2024, 05:23:29 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.

Yes, you indeed appear to need suggestions but you never explained yourself well. By the word "client," it means they are the people you have business transactions with, we need to know this kind of business transaction to be sure of the best suggestion and advice for you. Do you want to collect money from them, invest it for them and take your cut? Or they are just your client in another industry or reasoning? Or you just want to enlighten them so that they will not miss out on crypto opportunities?

As you can see, these are three questions, and if it is the first one, I advise you to be very cautious and weigh your proficiency in crypto investment to avoid issues. People are doing it but it does not always end well, "invest the amount you can afford to lose." For the second, you should just let them be, it's none of your business. Third, there is nothing bad in sharing valuable information with the people you care about depending on the relationship. Just be natural about it and give them some resourceful links about cryptocurrency for them to study. They may pick their interest through that, but if they are not interested, fine, it is not something you should have a sleepless night over.

Dickiy

sr. member

Activity: 826

Merit: 460

Quote from: Sky_T on July 06, 2024, 05:23:29 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.

In fact, you only need to advise and give good advice if your client wants to invest in Bitcoin, let him learn independently to avoid bad things that will happen when investing, and it would be better to tell him about the riskier things about investing. in bitcoin, for example bitcoin which has a fluctuating nature that you will not be able to avoid, and other risks, because it requires a long journey that must be taken when investing to be able to achieve good results and it is not easy because on every journey you go through you will experience things. unexpectedly, investing in bitcoin requires patience and good finances so that the long-term targets set will run well. let your clients do it, you only need to support without having to be involved in the investment

HelliumZ

sr. member

Activity: 546

Merit: 268

Quote from: Sky_T on July 06, 2024, 05:23:29 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.

See the idea about Bitcoin is not the same for everyone but once in a while people become experts about this Bitcoin. Your client may not be an expert on Bitcoin but you can make your client an expert on Bitcoin if you try. In this case you have to give him knowledge about Bitcoin little by little and inform him by collecting a lot of information. But one thing is good to mention that never let your client invest and trade without having experience about Bitcoin. Because if these two things are definitely not experienced, there will be more chances of loss instead of profit. So first you make your client an expert on Bitcoin.

minairia3

sr. member

Activity: 1498

Merit: 326

20BET - Premium Casino & Sportsbook

Quote from: SOKO-DEKE on July 11, 2024, 03:29:02 PM

Quote from: Natalim on July 10, 2024, 04:45:21 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.

I agree with you SOKO-DEKE, Many of my friends keep asking me to arrange to invest in Bitcoin. But they don't have a good idea about Bitcoin. They watch various hype videos on YouTube and people become millionaires by investing in Bitcoin and become crazy to invest after watching these videos.

I always tell them to have a good understanding of Bitcoin before investing. Learn about how Bitcoin works. I always try to explain to them that there are risks in investing if they do not have a basic understanding. In the beginning, I advised them to gradually invest a small amount every month rather than investing a huge amount at once. Actually, it is really risky to give someone financial advice, cause you know it might go either way.

SOKO-DEKE

hero member

Activity: 882

Merit: 581

Quote from: Natalim on July 10, 2024, 04:45:21 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

full member

Activity: 532

Merit: 211

Quote from: Natalim on July 10, 2024, 04:45:21 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

hero member

Activity: 1526

Merit: 509

Quote from: Sky_T on July 06, 2024, 05:23:29 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

jr. member

Activity: 408

Merit: 3

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

sr. member

Activity: 882

Merit: 215

#SWGT CERTIK Audited

Quote from: Sky_T on July 06, 2024, 05:23:29 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

hero member

Activity: 2520

Merit: 783

Quote from: Sky_T on July 06, 2024, 05:23:29 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

hero member

Activity: 742

Merit: 671

Quote from: Sky_T on July 06, 2024, 05:23:29 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

sr. member

Activity: 602

Merit: 317

WOLFBET.COM - Exclusive VIP Rewards

Quote from: Sky_T on July 06, 2024, 05:23:29 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

sr. member

Activity: 714

Merit: 409

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

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Casdinyard on July 07, 2024, 06:25:39 PM

Quote from: Sky_T on July 06, 2024, 05:23:29 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

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Sky_T on July 06, 2024, 05:23:29 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

newbie

Activity: 7

Merit: 0

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

sr. member

Activity: 336

Merit: 365

The Alliance Of Bitcointalk Translators - ENG>PID

Quote from: Sky_T on July 06, 2024, 05:23:29 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

full member

Activity: 994

Merit: 213

Quote from: Out of mind on July 10, 2024, 01:09:58 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

hero member

Activity: 1428

Merit: 592

Quote from: Sky_T on July 06, 2024, 05:23:29 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.

Topic: How do I introduce Bitcoin to my client? - page 3. (Read 1285 times)