Topic: How I convinced a Stock Trader to Invest in Bitcoin - page 3. (Read 591 times)
That's pretty impressive, converting a stock trader and to be able to go with bitcoin is a big feat because it's entirely different than stocks with its volatility but the good thing about it is that person likes the volatility of the market which is pretty awesome. I am not surprised that he likes the volatility though as they know that they can make money in the volatile market.
Even as someone who read many books about money management and other related books I still won't try convincing anyone to invest in something because in this case, you should be responsible if he lose any money and should be responsible for the advice you give him, regardless of that, both stock markets and bitcoins markets may have some benefits for the people who invest here and the price action situation is different in any market for example if someone is a successful investor in stocks market there is no guarantee to say can be a good bitcoin investor after that.
You're teaching your uncle or your friend? I hope you're teach your uncle because it's your family, if you teach your friend... I must say there's no benefit moreover you can be targeted by your friend since he thought you're millionaire.
You need to teach him to avoid invest in altcoin (shitcoins) because he's like high volatility, he could be scammed if the project rug pulled. I go for 100% Bitcoin if it's for investment, there's no need to diversifications except in other sectors (e.g. gold, real estate etc).
You need to teach him to avoid invest in altcoin (shitcoins) because he's like high volatility, he could be scammed if the project rug pulled. I go for 100% Bitcoin if it's for investment, there's no need to diversifications except in other sectors (e.g. gold, real estate etc).
Your uncle found it easy to understand because he already have knowledge with daily trading of stock and as such the volatility got him more interest to it. A stock trader knows the importance of volatility because that is meaning exchange is going on with in buyers and sellers creating high volumes.
Most novices in my area see bitcoin businesses as ponzi schemes. Convincing them would take so much time and energy. But you did a very good job. Your post would be very helpful in my marketing drive.
The feeling of getting a person who knows nothing about crypto into crypto community is really good.
Even I have recently suggested my close friends to get into crypto. Four of my friends joined crypto and bought some coins.
Even my own brother started investing in crypto after seeing me talking about it all the time.
I keep telling him how good and beneficial it is for the world and how it will be so worthy to invest in it right now.
I literally feel so good when people join crypto.
Even I have recently suggested my close friends to get into crypto. Four of my friends joined crypto and bought some coins.
Even my own brother started investing in crypto after seeing me talking about it all the time.
I keep telling him how good and beneficial it is for the world and how it will be so worthy to invest in it right now.
I literally feel so good when people join crypto.
I think your uncle became so much interested in bitcoin the moment he discovered his Nephew will walk him through the whole market and teach him how things work out. As a stock trader, the terms may sound different but, may share same meaning to him. Despite the volatility he still fell in love with the market because he is used to that in the stock market. So, what we do at the cryptocurrency market is almost the same with other markets like the stock market. OP, I would want to know if he shared some similarities with you between crypto market and the stock market? they will be a lot to learn from such similar comparison.
As someone who has been a stock trader and investor, I don’t think he would find it hard in understanding how Bitcoin works. The stock market also has volatility, except that it is not as much as we have in the Bitcoin market.So, there isn’t really much of that difference, all he has to know is that the volatility that is in the Bitcoin market is far much higher than what they have in the stock market. He has had to deal with that kind of risk when he was investing in the stock market, so it wouldn’t be anything new to him at all to see that Bitcoin is also a risky asset for him to take. It would have been difficult for the OP to convince him if he wasn’t some one that was already into investment.
Stock and cryptoanalysis are almost the same but if someone masters stock analysis, maybe he will not have too much trouble analyzing crypto and only needs a little adaptation. Then he will find something to enter the market.
I would say crypto and stock are same in some ways but stock market is much more mature and regulated. Fundamental/Technical analysis works way better in stock then in crypto and its very much understandable seeing the decentralized nature of crypto. For instance, there is no such thing like The Securities and Exchange Commission (SEC) in crypto to regulate and protect investors interest.
I'm glad your story went well because your uncle was open and receptive to something new.
That means he doesn't shut himself off when someone tells him something new that might benefit him.
As a stock trader, I'm sure your uncle's analysis is very good and especially if he uses his analysis in crypto, it can provide an opportunity to earn big profits.
Stock and cryptoanalysis are almost the same but if someone masters stock analysis, maybe he will not have too much trouble analyzing crypto and only needs a little adaptation. Then he will find something to enter the market.
That means he doesn't shut himself off when someone tells him something new that might benefit him.
As a stock trader, I'm sure your uncle's analysis is very good and especially if he uses his analysis in crypto, it can provide an opportunity to earn big profits.
Stock and cryptoanalysis are almost the same but if someone masters stock analysis, maybe he will not have too much trouble analyzing crypto and only needs a little adaptation. Then he will find something to enter the market.
That is really nice. I was also once a stock trader, but I was the one who convinced myself that Bitcoin was a better asset for me to invest in than the stock market. When I was investing in the stock market some years ago, it wasn’t really that profitable for me, the profit I was making wasn’t up to a quarter of what I have been getting since I started investing in the Bitcoin market.
So, one day I was kind of doing a research on Google, and that was how I came across Bitcoin through Google, and I decided to do further research on it so that I can fully understand what it is all about and how to go about investing my money in it. It wasn’t really difficult for me to understand it, within few days I already had my first wallet and was thinking of how to go about buying Bitcoin, and that same day had some bitcoins in my wallet as well. And I would have to also admit that Bitcoin has really changed my life. Was worth considering.
So, one day I was kind of doing a research on Google, and that was how I came across Bitcoin through Google, and I decided to do further research on it so that I can fully understand what it is all about and how to go about investing my money in it. It wasn’t really difficult for me to understand it, within few days I already had my first wallet and was thinking of how to go about buying Bitcoin, and that same day had some bitcoins in my wallet as well. And I would have to also admit that Bitcoin has really changed my life. Was worth considering.
Great job, it is good that you were able to convince your uncle to enter the world of bitcoin and leave speculating in stocks, this is something everyone should do with their relatives and their community to spread the culture of bitcoin and to have a community that believes in bitcoin and cryptocurrencies, we need to start from the narrow circle around us in our local community to reach " biggest goal” I mean the global adoption of Bitcoin, which we will surely get someday.
What I liked about the story is that your uncle was not afraid of Bitcoin fluctuations, but on the contrary liked it very much because he is speculative and knows the benefit of market fluctuations to make profits, even though governments are always trying to scare people from these fluctuations.
What I liked about the story is that your uncle was not afraid of Bitcoin fluctuations, but on the contrary liked it very much because he is speculative and knows the benefit of market fluctuations to make profits, even though governments are always trying to scare people from these fluctuations.
if i stock trader as my main job i will also trade other instrument as simple as that. 
my friend of mine trade on stock and dont believe in crypto but after i screenshoot proof of my gain now he move to crypto maybe half the portofolio he convert to crypto
Stock and crypto is same as trading platform , though there are small difference yet they are both bringing income to good trader.my friend of mine trade on stock and dont believe in crypto but after i screenshoot proof of my gain now he move to crypto maybe half the portofolio he convert to crypto
I think it can easily be learned to trade in crypto than Stock but of course those people that had been in stock trading for long time now is getting harder to move in this market of ours, but like what you did this made them interested and brings them new profiteering .
maybe for OP, he only needs to show proofs as well to make them believe in legitimacy of crypto investing and not as what many says being scam.
Nice to see your uncle got convinced into coming into our crypto abode I wonder though, it's really very hard to actually explain crypto to people who heavily invest in traditional assets like stocks or mutual funds because in those, there are tangible businesses and news of markets can be decrypted easily to translate into what the outcome of a company's stock will be, which is very hard to predict in cryptocurrency (hence the volatility?). I would recommend that he keep investing in stocks and mutual funds as well and not do more than 50% into crypto, because the volatility if goes in the negative side can give someone nightmares enough to run away from trading 
I wonder though, it's really very hard to actually explain crypto to people who heavily invest in traditional assets like stocks or mutual funds because in those, there are tangible businesses and news of markets can be decrypted easily to translate into what the outcome of a company's stock will be, which is very hard to predict in cryptocurrency (hence the volatility?). I would recommend that he keep investing in stocks and mutual funds as well and not do more than 50% into crypto, because the volatility if goes in the negative side can give someone nightmares enough to run away from trading I am happy reading a story like this because I am sure we have on the bag a potentially serious Bitcoin holder, trader and an enthusiast who can also be telling others about cryptocurrency especially when he will experience a good ROI soon. Just as Bitcoin is holding on to the $40,000 zone with this ongoing market sell-off, we have to be reminded that Bitcoin is really the future and nothing can ever stop it...and that soon many governments will recognize and make it legal. The recent recognition was coming from Ukraine, of all places, which is now on the news because of the possible invasion from Mr. Vladimir Putin of Russia. Now, I am not surprised that the uncle is not concern on volatility because he understood well that volatility can also mean big opportunities and not just risks.
I think your uncle became so much interested in bitcoin the moment he discovered his Nephew will walk him through the whole market and teach him how things work out. As a stock trader, the terms may sound different but, may share same meaning to him. Despite the volatility he still fell in love with the market because he is used to that in the stock market. So, what we do at the cryptocurrency market is almost the same with other markets like the stock market. OP, I would want to know if he shared some similarities with you between crypto market and the stock market? they will be a lot to learn from such similar comparison.
Just show the results that you have earned in bitcoin then everything will be done and they will be interested.
Even though this interest is only partially due to curiosity and seeing the benefits, this is only temporary because if they are interested, they will automatically look for ins and outs of information about bitcoin and they will be here to invest if they really study the interest well.
Well, in most cases especially in investment you can't just expect a quick profit if you did invest in Bitcoin. You need some knowledge somehow just like what his uncle does, he already had an experience in trading and Bitcoin is not new these days that most people could scam an experience traders perhaps his uncle did already his research and is willing to take the risk.Even though this interest is only partially due to curiosity and seeing the benefits, this is only temporary because if they are interested, they will automatically look for ins and outs of information about bitcoin and they will be here to invest if they really study the interest well.
I have a feeling that somehow his uncle wanted to invest in Bitcoin but too hesitant to join because he doesn't seem to know where to buy I guess. But thanks to the OP, it all cleared up to him that's why he got into investing Bitcoin.
He was already a stock trader so I think it was easy for him to understand how Bitcoin investment works.
Telling them they have the possibility to buy Bitcoin on PayPal or Binance in 5 minutes is easy. I do not agree however that being a stock trader makes it easy to understand Bitcoin. I know enough people who can do stock trading but would not touch Cryptocurrencies.Things get difficult because so many events affect Bitcoin's price in a certain way. You have to thoroughly read Bitcoin's whitepaper and understand the technology to know why Halving affects the price long term. It is not like the average stock trade where supply and demand or quarterly results of a company make the price change.
Bitcoin is hard to understand even for an experienced stock trader. Change my mind.
-
Regards,
PrivacyG
He was already a stock trader so I think it was easy for him to understand how Bitcoin investment works. In fact, Bitcoin investment has no big difference when it is compared to the stock market, and the returns are still almost the same.
To have a positive view when telling someone could be the best way to encourage people. We don't need to say we can be rich in here, can make your money x100 coz they could just think that this was a scam. telling the truth is great and tells him the risks and possible losses if got the wrong decision.
To have a positive view when telling someone could be the best way to encourage people. We don't need to say we can be rich in here, can make your money x100 coz they could just think that this was a scam. telling the truth is great and tells him the risks and possible losses if got the wrong decision.
After listening to some opportunities about the crypto market, he started to show interest. But one question he asked that why anyone invest in something that does not have an actual existence?
He must be an old traditionalist because people are investing in things that don't exist every day.
Most of the gold you invest in doesn't exist or exists only on paper.
People buy expensive domains for millions of USD, but they're only numbers on a server.
People put money in companies that never even made anything like Theranos and Nicola. You can say those two are scams, but what makes you think any startup isn't? You wire money and hope to see results. Sometimes there are some, sometimes not. Bitcoin has been showing results for the last 11 years, so I'm in.
It is not hard to look at the numbers here. If you show the bitcoin chart throughout the years, anyone I believe, will be attracted to this market. Because, let us take for example looking at the whole picture of btc market. Got it from coindesk - https://www.coindesk.com/price/bitcoin/, you can see the rise of its value in the past decade.
So a stock trader won't be hard to convince because he is already aware of this kind of movement. And they love volatility because that's where they can get good profits once they know the market.
After listening to some opportunities about the crypto market, he started to show interest. But one question he asked that why anyone invest in something that does not have an actual existence?
He must be an old traditionalist because people are investing in things that don't exist every day.
Most of the gold you invest in doesn't exist or exists only on paper.
People buy expensive domains for millions of USD, but they're only numbers on a server.
People put money in companies that never even made anything like Theranos and Nicola. You can say those two are scams, but what makes you think any startup isn't? You wire money and hope to see results. Sometimes there are some, sometimes not. Bitcoin has been showing results for the last 11 years, so I'm in.
I always try to advice people about crypto-currency especially Bitcoin, but due to the fact that people always try to look for who to blame especially when things go wrong, I have shifted from trying to get them into Bitcoin through the investment powers of Bitcoin, but I rather tell the to do there own research about that, and prefer telling them about the usage of crypto-currency and how it can help them out in financial issues now and in the future
Its not bad to make out some suggestions or saying up something as long you dont give out some guarantees into that someone because you would surely take the blame if ever you do say positive things most of the time but they had lost money out of their investment just because of the risk but for someone who is a stock
trader then he do knows on how market works most of the time but the difference is very noticeable and could really be on spot to be seen on someone
does have experience on trading.Stock traders do dealt off with stocks with very minimal volatility which is totally opposite that you could see on crypto
but of course the risk is more than.
Jump to: