Topic: How I convinced a Stock Trader to Invest in Bitcoin (Read 603 times)

Good job, this Is the best love anyone can show to his relatives in the societies.I believe your uncle will never forget this special gift to convinced him to be part of this great community. Him will definitely understand how bitcoin investment is more profitable than fiat investment when he truly follow all the rules and regulations that guided bitcoin investment.  

Now that the price of bitcoin is preparing to hit $50k,it will be favourable for people to invest a huge amount of capital on bitcoin to be fully prepared for a brighter future. The price of bitcoin has moved from $33k to $39k yesterday that is making people to start jubilating about the good news that happened.

I think it is very easy to motivate a user that is already working in stock market. We can give him some arguments that why you have to invest in crypto market then stock market.
Every country have its own stock market. But crypto market is an international market. Crypto market open 24 hours a day. It does not stops. Investors from all over the world are investing in this market. Crypto market is more functionary then stock market. It means we can earn more money from this crypto market.

especially for stock investors who have high speculation, of course they will be curious to learn about bitcoin. in plain view, with current users only 5% of the world's population, it will provide an opportunity to make an income from this bitcoin investment. especially with high fluctuations, this is profitable for traders to trade and make more profits

They'll soon find out that crypto investment is more profitable than the stock market and bonds. That is why we don't need them to push and convince us to invest in crypto as surely they already have the gasp about this. As they are in investment, they will surely find other ways to make more money and to find out that crypto is supposed to answer their call and wants.
Well, Bitcoin is getting more popular this time, they can't surely ignore this but it gives them curiosity.

Yes and this will lead those investors from different areas of profiteering , from real estate and stocks , crypto will be their place to invest sooner..

eventually they will and pretty sure that many of them are now studying and researching about this possibilities and may bring them to crypto in the near time.

When explaining to someone about cryptocurrency then you should really be having the knowledge about it so that explaining wouldnt really be that difficult but of course you should stick with the basics

on which newbies could easily to understand but on someone that does have some market experience then it would really make the thing more easier since they could easily able to catch up since

they are already a trader on where there might be some differences on which you should mainly mentioned and it did really convince him out which is great.

And both of them already have a special connection to each other so talking to each other will not be awkward unlike if its done with other people that you aren't really closed to. Being volatile is one of the factors that people are scared of because they think that their investment can go down but if we explain it to them properly that some really good cryptos can recover easily, they will become more interested and excited to try it.

In the case of OP's uncle, he is not afraid of volatility but he liked it because he already learned this part during the time where he was trading stocks. His uncle seems smart and open minded, I wouldn't wonder that in no time he will be come an expert in the crypto field.

He is already a stock trader so do you think he will think like "Nahhh I don't want Bitcoin since it is volatile" thingy.
He already a stock trader like you said so he likes volatilities because it is the way for a trader to gain profit and to see that you can get more profit into Bitcoin because it is more volatile makes it more attractive to the trader.

Its a good start that you already introduced it to him and I'm pretty sure that he will do some research because he knows that he can make more money trading into crypto because it is more volatile. Good luck to him and good thing that you shared it to him .

You has enough knowledge so able too tell what you experience has been, and what you teach becomes more easily accepted because your uncle already understands about investing in stock that actually works almost the same as crypto, it will be difficult to convined if he is a layman when it comes to investing, moreover, crypto is more volatile and it will make people who are in investing in crypto will be very worried about its declining assets.
He will become more mature if he continues to learn about the crypto market.

He's trying to share a new way of making money with his uncle. I think there is nothing wrong here, he should not be responsible for anything. Not only Bitcoin but almost all investment methods are high risks. His uncle is a stock trader, I think he also understands the essence of investing "invest with money you are willing to lose". He's just trying to share about the bitcoin market. If his uncle is not interested, he can refuse. There is no coercion here, so no one will be held accountable.

Indeed, only those who have a strong character and desire can survive in the middle of a changing market, even those stock traders who will not see the fluctuations in the crypto market and finally give up. Now is probably a good time to enter the market while the market is in a down position and hopefully, people can buy at the bottom. Crypto also provides more profit potential because, in the crypto market, they have more options to trade as well as invest.

I have tried investing into stocks. I studied the market- all of the intrinsic and extrinsic factors; all the candles; the changes; and volatility. But from my months of experience handling with my stocks, most of my results seemed to be in the red.

After exploring different options, I stumbled upon BTC when my friend introduced me into this forum. After only a few weeks, my investments definitely earned more than what I invested in stocks. Though this experience may be isolated from others, I just want to share that investing here in BTC was the best decision that I have ever made.

It's a good point; both of these are risky, but the stock market is the safer option because, unless there's a new development, it won't drop significantly, unlike cryptocurrency, which is extremely volatile and prone to large swings. That being said, most new generation traders are interested in this because of the fast-paced trading environment and the potential for large profits. However, most people prefer to be on the safe side, such as gaining 10% a year in stock trading rather than losing 10% a year in stock trading.

There is no need to convince stock traders to get into bitcoin. They already know it and have started to get into bitcoin because bitcoin has a bright future and the fantastic rise in bitcoin price makes them interested. While there are pros and cons about bitcoin, that doesn't deter stock traders from getting in and trying to trade in bitcoin. High price fluctuations make them addicted and can get quick profits, but also vice versa. if they are not vigilant and do not do the analysis properly the loss will befall them.
BItcoin is a very popular cryptocurrency investment and is known by everyone in the world.

Traders always look for ways to profit, but everyone won't be having the mentality to be into cryptocurrency. Most of the time stock traders want to be on the safer side, maybe they find it a gamble than a trade. Anyhow this isn't late to get into the market and make good profit. Comparison to the revenue out of a stock investment and a top cryptocurrency is more than enough to make one understand the potential.

Sooner or later, those traders will realize that bitcoin can be profitable for them as long as they know how to treat bitcoin. They now only often hear bad news about bitcoin so some of them don't want to see the potential of bitcoin for them. Maybe traders from other regions will still deny the potential of crypto but that is not the case for traders who are always looking for loopholes to make profits. After all, they will always try to profit because they are traders.

I also know some people that already been in stock trading for a long time and started to trade with Bitcoin or other cryptocurrencies.
They claim that at the beginning they didn't expect the volatility, but I am amazed to them that they managed to still be profitable because they told that you can apply what you are doing in stock trading in cryptocurrency.

So for me, not all stock traders are difficult to convince. Only the start is difficult.

The analysis won't be different from stocks to crypto but he might be overwhelmed with bitcoin's volatility but he can make it up and adapt easily. This is why I've seen many stock traders jumped easily into the crypto market and they seem to be well versed already as there's not that much difference in terms of reading the charts.

Yes, the risk is much higher in here because of volatility but he can get used to it. He chose it and knows what he's doing. There's no need for some guidance when it's about trading but with the usual technicalities about being scammed and other investment scams, he's still needed to be guided.

Yes of course, and i am pretty sure when many of such investors get into the Bitcoin network, they will make Bitcoin their number one investment asset, if you look at different assets today, Bitcoin has to be up there as number one or thereabout with all its features and advantages for investors, it's obviously an opportunity that smart people will definitely take advantage of. Having said that, influx and adoption by institutional investors didn't just start now, so i expect it to continue till mass adoption becomes reality. Bitcoin has proven to be sustainable for the long term, and investors usually look to the future, so they'll choose Bitcoin more often than not.

With the ongoing adopting of Bitcoin worldwide? i don't think traders from different areas will still deny that crypto investing is profitable so yes they are now considering this to be their investment tools aside from their normal ways like stocks or real estate ..

@OP did his best in explaining bitcoin to his uncle and so far, he's been successful and continues to provide the latest updates on what's happening in the crypto market. That is not easy to convince someone, especially if his uncle is a stock trader because many have bad opinions about bitcoin.

But luckily, his uncle was receptive to his explanation and willing to learn more about bitcoin, which made it easier for @OP to explain what he knew. This will allow @OP and his uncle to discuss crypto and the market further, and I'm sure they can learn together.

Most stock traders that i know, they don't like bitcoin because they already have good income from investing and trading stocks..

But obviously the common reason of declined of some stock traders when it comes bitcoin is,  it is because bitcoin isn't backed by anything at all wherein unlike stocks that backed by companies and etc.

To make the story short they're afraid in bitcoin.
And for me in my personal opinion its too hard to convince them because we different perspective to be honest..

So good for you that you convince him to invest bitcoin.

Trying to get someone to invest in bitcoin is the wrong approach..It is unlikely for anyone to put their money where they dont want to invest.And if there is any time in which your advice was wrong temporarily,surely you will be the one to blame.Do not convince anyone otherwise. Let them study the pros and cons and make their own decision

At any instance we should not guarantee them with the profit. This looks like pressuring the users to get into cryptocurrency investment beyond their interest. Already being a stock trader, he surely knows about the risks in any form of investment. Also, I don't think there is such a briefing required for this. Because stock traders were well aware about the cryptocurrency market. When it comes to an investment, it is all about the risks and the return. With cryptocurrency the risks were high and so is the profiting. Also should never insist on making short term returns which makes newbies have a thinking that it is a fast rich market.

Hmmmm well yeah , despite that having a chance to bag a lot of money in daily basis due its high volatility i think that kind trader will always knew what he is doing ... and whether sitting on his own comfort zone to avoid more risk or going allout to take a huge risk is just about a choice , risk higher then come to crypto but it doesnt mean stock is a safe haven as well though.

They will accuse you doing serious gamble at first tho and calling it scam even more lol when you explain the whole bitcoin concept into a die hard stock trader .

I agree on what you are saying.You dont need to convinced anyone to invest or  to buy anything. This can be stressful ride.For some people, they think it is not a good choice.So if someone has taken the time to learn about cryptocurrency (bitcoin) and ask advice, I'll help gladly but cautiously.If they dont initiate, I'm keeping quiet about it.

The good thing when you are already experience is that you could easily take grasp into a market which might be different into your past experience on which you could really make out some adjustment

but in overall skills and experience then it would really be just the same from those technicals and fundamental application analysis since they do only differ about volatility level which as a stock trader

then you wouldnt really be having that big problem on dealing this market if you do tend to switch up but well always remind about the risk because the more volatility it is the more risky it is,
but people do mainly looking up for potential income or profits thats why they do really took some risk.

He's a stock trader and investor and that's why he's fond and got used of the market's volatility there. So, it isn't surprising that he like the volatility and he's no longer a newbie.
The skills that he has in stocks can be applied in investing and trading in bitcoin. Congratulations to the both of you and for sure your uncle will be happy in the near future once he starts to see those big gains that he should have.

Really appreciate what you are doing, moreover convincing somebody about Bitcoin investment is not easy.
Fortunately, he is also a stock trader, so he probably has known about how a good management of risk and funds should be implemented. Later, he only needs to learn more about cryptocurrency, about how the market goes, and how the volatility is always happening and changing very significantly.
There are several differences between trading in the stock and crypto market. However, if he has had the basic of trading, I ma sure that he can understand more easily than if we are convincing common people without trader basic.
However, one to note, we should also describe about the weakness of the Bitcoin market so that he will not be surprised and angry with you if he is experiencing loss. There is also no guarantee that trading in crypto will be more promising and worthier than trading in stocks. He needs to try it based on awareness, not only desired thing massively.

It's true because things like that will obviously make it seem as if being a trader we will become successful when in reality there must be learning and experience there.
But on the other hand, by showing this I think it will give curiosity to learn about this.
On the other hand the OP should also explain from the start that this is not something instant get rich and should explain that this is full of risks.
just to increase confidence I think this will be quite successful because the majority of beginners including me. because I also started to be curious because of this before deciding to follow and learn how to trade and invest in bitcoin in 2020 ago

Very soon he will get back to stock again when he saw a 30% fall in an hour. Why so many stock traders do not want to turn into crypto? Because of its market manipulation and high risk. Some people are happy with a 3% to 5% gain. If you really want to convince someone to invest in Bitcoin you need to explain to them about its long-term potential. Show them why it is the ultimate system of storing value.

Because, those people have already invested in other types of investments and for them they already made a right choice and wont consider other things for now but maybe later they would change their mind for some reasons like what happen to the op's uncle where he sees a decline on his investment but after op explaining btc to his uncle that btc is independent and can still rise no matter what happens in the traditional market he then agrees with it.

It is also depend on the people. Not all people are open minded and they will think they are more better than you so they wont believe on what you are saying maybe not until you show a solid proof because that could make them convinced too.

I believe that it was a good experience for the OP, but it wasn't the first. I'm sure most stock traders already know about bitcoin and its huge potential but they haven't decided if they can weigh the volatility and risk. When the previous stock market collapsed at the start of covid then quite a lot of stock traders turned to bitcoin which at the same time increased demand.

In fact, I also believe that some investors and traders today are people who know stocks first, whether they are traders or stock investors. So I don't think the OP's story is anything impressive, but he's just telling other people about investments that might benefit them if done the right way.

It's funny to hear about "stock traders" these days, many people picture this glamorous and fast paced world where people are buying and selling frenetically all day. It's nothing like that, the sort of things you see in 90's movies do not have a reason to exist any more. High speed trading and all sorts of automatic programs make it almost impossible for a day trader. Stock trading doesn't work that way, professional outfits are looking at 3 month+ buy and sell trades, not trying to flip huge profits around in an hour. This stock trader you claim to have magically won over to the cause must have been deaf and blind for the last decade if he wasn't aware of the potential trading activity in this sector, so they couldn't have been very good at their job in the first place if they're only now getting into it.

Well, it was a clever move to tell him that Bitcoin will be the currency of the future, but there are no grantees that it will ever happen. Something that I frequently use as a counter for the people who says "Bitcoin does not exist physically" is to compare it with digital items that are sold in online games.

You buy a custom Counter-Strike skin for your in-game weapon and you pay for example $500 for it.... is this skin real (physically) ...No it is not, it is a digital piece of code... just like the bitcoin token is something digital. Well done OP.... I am pretty amazed at your accomplishment, because these Fiat traders are very difficult to convince. 

Some people would like to more on stocks because it's less volatile than cryptocurrency also it's all about the economic supply and demand too. Some of them don't want to change into crypto because they already know the things in the stock market why do they need to risk with their assets to a thing they don't know how it works, even though its a decentralize its volatile even though you make a technical analysis still there's a changes immediately than the stocks. But of course good to have a lot of source of income.

It is still hard to understand by someone with experience in stock markets only.  It is easy to buy and sell and APY's are great!  But do you still find it a good investment when you purchase Bitcoin and looking at it drop 50 percent in days?  It is not like traditional stocks.  Binance announces Bitcoin depozit freeze, Bitcoin goes down a slippery slope.  Russia wants Bitcoin, it goes back up.  China cracks down once again on Bitcoin, things go bad.  A new strain of Covid makes it drop like a barbell to the floor.  We do not even know what outcome it will have the next financial crisis.

Cryptocurrency markets are hard to predict and making a profit by trading requires a decent amount of knowledge.  With stocks it is easier.

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Regards,
PrivacyG

Just because you are a successful trader don't mean that he will also replicate your success. That would be deceptive imo. There are lots of successful stock trader. Would you leave crypto and start trading stocks if they showed you their trade history? You wouldn't do that probably. That means you shouldn't ask the same thing from some one else.

You don't have to convince him actually, because if his expertise is in stock trading, there's no reason for him to invest in Bitcoin, in my opinion. Stock trader purely depends on stock, obviously, while in cryptocurrency lies a lot of new knowledge that he needs to intake first before he invest on it, that might affect his performance in stocks trading, since he will focus on Bitcoin and Stocks.

What he is saying is probably the existence of bitcoin, market volatility and how we will profit from investing in bitcoin. I don't think he's referring to the technology, how bitcoin works. The stock traders I know when they hear about bitcoin also quite easily grasp how to make a profit when investing in bitcoin, some are very excited and some are not very interested.

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).

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.

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.

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 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.

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.

Stock and crypto is same as  trading platform , though there are small difference yet they are both bringing income to good trader.
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 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.

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.

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.

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.

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.

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.

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.

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

Why would you be surprised when you already said he trades often on stocks? Volatility is what most traders look for and it doesn't really matter if it's with stocks, crypto, or forex. He may be new to crypto but he's not a newbie when it's about trading.

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.

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.

Good job on getting your uncle into Bitcoin!

There is a slight issue though. You made it seem like you told him he was almost guaranteed that he would make large profits short term, this is not the case. Bitcoin is a solid long term investment if you're planning to hold it for a long time. Your uncle is a day trader who day trades, as in buys and sell the same stock in the same day. I don't get why you would compare to him his job, and hodling Bitcoin.

Bitcoin is an incredible thing for an outsider of the crypto industry. My friends always show their curiosity about Bitcoin, and they are pretty interested in getting into the Bitcoin ecosystem. But when it comes to traditional investors, it's challenging to mean them the crypto industry. Recently I faced this kind of situation.
My uncle (mother's brother) is a stock trader. He frequently trades like a day trader and invests a lot of money in mutual funds.
One day in the family gossiping, I comprised his investment plans and my investment plans. He put his money in mutual funds and did day trading. On the other hand, I put my money on Bitcoin with some substantial projects, a yield farmer, and I use crypto properly.
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?
I was like, how can I meant him the whole ecosystem. I just answered, Here's the game. We are in the digital world where Bitcoin would be the future worldwide currency.
I told him some benefits and opportunities are having an investment in Bitcoin. I remember I googled and found some point to point benefits of Bitcoin investment.

Advantages Of Bitcoin      

• High Potential for great returns.
• Variety of Payment option.
• Instantaneous Settlement, International Transactions.
• Diversification, Greater Liquidity

(On the other hand, I mentioned some risks also, Account hacking and High volatility).

After showing Bitcoin's historical APY numbers, he started showing curiosity, but I was surprised that he loved the market's volatility. Usually, any newbie does not like this much volatilities, but he was like, significant volatility, many opportunities of making profits from trading. I told him the fundamentals of the Bitcoin ecosystem, how the blockchain works, how anyone can send and receive the Bitcoin just having an address. I give some Youtube videos link to watch for learning more about the crypto industry.
After one week, We again sat together to talk about the market. In this one week, he learned many things about the industry. Then he was ready to invest in Bitcoin. As I knew before that, he was a day trader; that's why in the beginning, I suggested him invest in Bitcoin for the long term. After learning about the market, you would diversify your plans and strategy.
Later on, the next day, I told him about the market exchanges, DEX, CEX, where to store, how to keep your holdings safe, etc.
I described the term "Not your keys and Not your coins." That day, I suggest some Youtube videos to watch and learn properly before investing in the market.
After two days, I brought him 100$ worth of Bitcoin, suggested that he buy when the market is in dip or don't buy at once, and buy with calculating DCA. (he was pretty good in market analysing terms)
When the market fell, I gave him 50$ worth of Bitcoin as a gift for his new journey.
In our country, After the 2011 stock market crash, the market took a long time to recover the losses. Still, most of the mutual funds are at a loss. He would diversify his income by investing in the crypto market or could get a massive return in the bull market.
Maybe it's just a start, day by day, he could be more mature about the market, and I'll constantly give him the market updates.

Post source How I convinced a Stock Trader to Invest in Bitcoin