Topic: How do I introduce Bitcoin to my client? - page 4. (Read 1128 times)

Firstly you have to teach them about Bitcoin to understand what cryptocurrency is all about, you should not only be the one teaching but the individual should also be talking some lessons from the right sources that you should provide for him so he doesn't get scammed with misinformation from untrusted sources. Follow up the individual and make sure he understands everything about Bitcoin before you assist them in investing in Bitcoin. As you're introducing Bitcoin to the individual let him know the advantages and disadvantages of investing in Bitcoin and how the market can swing from one direction to another without warning so he doesn't panic when he sees this. Many newbies don't have the right information of the market therefore they get scared when they see the market dumping and not knowing what to do next.

Bitcoin is a high risk asset, so you need not to convince people to invest on it and give him all the assurance he wanted to hear, because if his bitcoin investment will not work based on his high expectations, then you will be blame for that and you'll be accountable of all his losses.

Guide him while he wants to learn about bitcoin,  but always avoid convincing him because that looks more a scam to him if the outcome will not come out good and profitable on his part.

Educate him just the basics about bitcoin but never convince him to stick to bitcoin and invest. That's a more risky movement for someone who's going to assure the other person that bitcoin is the right and perfect investment for him. Not all bitcoin investments end up profitable, since not all investors are patient and optimistic when it comes to anticipating the future profits of bitcoin.

Just introduce bitcoin but never ensure that person that his future profits are already certain. All investments have no clear or definite future, that's why a lot of investors are like gambling while waiting for the final outcome of their investments.

It seems like a lot of advice has been mentioned by other users before me - sure, I agree basic knowledge and how the market works is something you need to share with him before he makes a decision to invest.

Remember that the goal of investing is to generate return - but investing is an activity that carries a high risk of losing money if potential investor never know how to minimize the risk. You can teach him basic knowledge including how to create secure wallet, buy, withdraw his bitcoin to the wallet and keep them safe. But here's the thing - he doesn't have to be an expert ^{[technical expert]]} just to buy or own bitcoin.

You don't convince someone who doesn't know bitcoin to invest in bitcoin because investing in Bitcoin is all about understanding and if the understanding is not their the person can lose his/her money and you will be blamed for the lose. The first step on how you need to go with someone that does not have understanding of bitcoin is for you to let the person know about Bitcoin, then ask the person to do a personal research to know more about Bitcoin. You are not in the position to convince people to invest bitcoin, it is expected that after people might have done their own research it is up to them to invest bitcoin or not.

We all have the right to introduce bitcoin to people and to make them understand but never to convince them to invest bitcoin because convincing them they may not really know what they are investing on but they choose to invest just because of how you convince them and they believe everything will end well with them without having a proper understanding.

Come on! This is an old and classic question, which given the times we live in, is like telling anyone you know what Fiat is... let me explain, we live in times of absolute information available to everyone.

Then, no one is introduced to bitcoin, at least not the clients, that is, you may already be earning a future problem in something that surely does not concern your business.

Consequently, it is as the classic example of; how Fiat currencies devalue and you intend to explain that to your client before they buy your product.

What you should understand OP,is the fact that you don't "Convince", someone (Client) to invest in Bitcoin.
What you can do is simply to provide them with the necessary knowledge, informations also not giving them false hopes, about Bitcoin investment they should know about the risk involved.

In essence do not convince rather guide, walk them through let them see reason to invest in Bitcoin themself.

That will definitely be a good way to start, but to me, I will advise that before even going down to the history, we can start by giving the person education about the risks involved, how to handle them, and how to be protected from losing whatever they invest in Bitcoin. 
 
Then, making it clear that there is no guarantee of investment profit in a short time unless they are willing to hold for a long time, we can go to the feature of it and see what it could be used for and how valuable it can be too.

The fastest? I'm not sure about that, we can process transactions on Bitcoin with an average 10 minutes which is quite too low but it comes with an advantage when you go above the sentiment of scalability but other things that you said is true, Bitcoin is then most decentralized Bitcoin ever exist and of course remain one the best if not the best because it's not only transparent, it's security tight compare to any other network without comprising anything.


Ask him what excite him most about Bitcoin and if he tells you to that it's the profits, then tells him there is potential loss too. Most of the time, when you ask people why they want to invest in Bitcoin, they will tell you that it's because of the inherent stories about how people got rich but they don't get the full story of how some of those testimonies came about, some where short term buyer and sellers that made money in the bull run and exited the market quickly.

No doubt, Bitcoin is one of the best asset any person can put his money but let him know there is up and down and if he is patient, he will make money but that's also depend on the capital the person put on the Bitcoin.

In reality of things. You don't convince someone to start up something when you have less knowledge of what you want to convince them to do. You only convince someone to start up any investment or business, when you have full knowledge about the ups and downs of the investment.

Bitcoin investment requires everyone to invest at their own free will. So that any losses made, the person won't have any blame on, but rather themselves. Convincing someone to invest in bitcoin, means that you will be hold responsible for their losses and misplaced seed phrase.

To avoid such future blame on your side, don't convince someone to invest in bitcoin. You can just tell the basic knowledge of bitcoin so that they can be aware of it, that ends it.

What kind of clients? I mean are you in a line of work that requires you give financial advise to clients? Is it your place to tell them how to invest their money? If yes, then I believe all you can do is advise. I don't think you have to convince anyone to invest in bitcoin. The person actually has to want to to invest. The best I can do if it were me is mention it to them.
If the person is interested and wants to invest but doesn't know how to go about it, it simply means the person knows nothing about bitcoin but just wants to invest because he heard people talking about it or something, so what that kind of person needs is to research and read up about bitcoin and know how it works.

I don't believe bitcoin is something that needs someone else do do the investment for you, it doesn't need a broker or something. All the person needs is a non custodial wallet and know how to keep his/her seed phrase safe off and if the person actually does any research at all, those are the things he'll see.
How to keep his wallet safe and stay away from hacks and scams are the things you're allowed to teach him IMHO, not convince him of any other thing.

If the discussion starts and that client starts to ask some questions, he should be prepared for it. But not too fast that he'd be like an advisor about investing on it. He can give scenarios that will enlighten the mind of his client for him to introduce the idea. Always put a disclaimer that you're only educating him and not convincing him of investing. I've been there and done that but not with a client but with close friends and families and they thought that it's an easy thing to understand. And, all they think about is all profit, I've told them that they'd be in profit if they continue to hold Bitcoin in the long run.

But, that's not the end of it, they are impatient, hasty and greedy. That's why it's not just all about talking to your client as if he's going to invest quickly. That person might even blame you after investing when the portfolio's value is going down. There are types of people that are like that and they won't be regretting trying to drool you down because you're the one introduced it to them. They'd make you feel responsible for everything that's happening in the market even if you've clearly told them that you have in no steer to the market.

Can I ask some questions?
1. Does your client really want to invest into Bitcoin? And you didn't convince him/her to invest into it?
2. What are the reasons you are asking this?

If your client really wants to invest into Bitcoin, I suggest you just let him/her give the links, or platforms where he can learn more about Bitcoin because convincing somebody to invest into something that they aren't knowledgeable is a no-no for me. You can guide him/her if you want to and share some basic information, but letting your client do his/her thing is always the best option. Smartest ideas? Information? There are many platforms out there that he/she can use to gain lots of information. I self-learned when I'm still a newbie in cryptocurrency, and I believe that your client can do it as well.

Don't convince, just guide, and let him/her do the research if he/she really wants to invest into Bitcoin and other cryptocurrencies.

If your client is interested in learning about Bitcoin, you can explain everything about Bitcoin to them. But if it happens that after you share Bitcoin with him, he misunderstands you or thinks you are wrong, then there is no point in introducing him to these things. You may think that by discussing Bitcoin with your clients like this you will increase the popularity of Bitcoin but if your discussion turns out to be bad for you then I think there is no need for this discussion. Bitcoin is already a very popular digital currency and its popularity is increasing day by day so do not discuss Bitcoin with others at your own risk.

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.

Your questions do not make any sense, first of all, if the person is your client and he is the one who wanted to invest in BTC or in any other cryptocurrency then why do you have to convince him? If he already has made up his mind then you don't need to convince him. Just give him some options that you think are better at the moment and also give your client a disclaimer so if things go wrong you won't be blamed later. If I have to talk well about BTC to a newbie so that he will become as confident as I am, I will share some facts that I know like the history of BTC.

This is a good way to realize someone how good an investment can be if made in BTC. Besides history, I will teach him the features of BTC.

You cannot persuade someone to invest in bitcoin if he has no knowledge of it. Before you can introduce bitcoin, the most important thing to do is to guide him to learn everything about bitcoin and conduct research so that when he begins investing or trading, he is aware of the challenges that await him because bitcoin is not a short-term investment that will make you rich. If you tell him what he needs to know, you won't be the one to tell him to invest before he does, since if someone understands about bitcoin and has the capital to invest, he won't wait for you before he does, so once you've made him have enough knowledge about it, he can invest because he as no the positive and negative about it.If he invests and sees that bitcoin is declining, he will not complain because he understands that it is volatile and can increase and decrease, therefore any obstacles he faces will not be interpreted as cheating him because if someone does not understand something and you urge him to do it. When he loses, he will grumble and will no longer believe you, and you will be unable to persuade him when you have significant information to provide. Therefore, if you want to persuade someone to invest in something, make sure he understands the market thoroughly before telling him how he will begin to profit.

First of all you mentioned that your client wants to invest in bitcoin meaning they are already interested and they probably do not need much convincing. Well I would suggest since this is a professional setting you come up with a powerpoint presentation explaining what is bitcoin, how does bitcoin work, and why should your client invest in it.

You also can provide more resources for your client to check out should they be interested in reading further about bitcoin. I suggest passing over the basics as to not overwhelm and confuse your client. Remember to not push your own opinions onto your client as you can drive them away.

I agree with you on this but before going ahead to tell your client about Bitcoin, you must have established a good relationship with such client, you don't just bump into someone to convince them of something, as for the knowledge aspect, it very vital, when you have succeeded in creating the relationship, you can now go ahead to tell your client things about Bitcoin but if in the process you get to findout that such clients does not understand how Bitcoin works like the merit and demerits then you can give such client a detailed explanation of bitcoin investment and transactions, most times I notice that the reason for individual reluctancy about Bitcoin is due to the inability of people that preach to them to convince and make them understand the need for them to try Bitcoin as means of payment, although such decision are left for the clients to make but your explanation may trigger such client to do the needful.
Many preachers of Bitcoin always starts with positive part of Bitcoin and end with positive side too without telling the individual involved the possible things to expect, in every investment there are bad times and as a good bitcoiner you should be able to tell intending investor the truth at all time to avoid being held responsible for whatver happens in the short or long run.

You may educate other people about cryptocurrencies if you have technical knowledge about it and you're not only repeating BS like "FIAT IS EVIL, THERE WILL ONLY BE 21M".
But you should never try convincing anyone, they should make their own judgment based on facts.

The first thing I tell to anyone interested in cryptocurrencies is the huge volatility and how easily you can get hacked if you're not very careful.

Only after this disclaimer I continue talking about technical aspects if the person is still interested on how it works and how cryptocurrencies may benefit everyday life.