Topic: How I got my stubborn neighbour working for a central bank to adopt Bitcoin - page 2. (Read 492 times)

People in the neighbourhood has already know the important of bitcoin and convincing them to buy bitcoin is right but when goes wrong after you convince them buy bitcoin they will hold you responsible by misleading to buy what he or her have not appropriately known about, some times we need to give people information and allow them to make a decision even though they have not come contrary to bitcoin  but they have some percentages right to make a decision before buying bitcoin of their choice, the needful there is to make sure that you have educated them of relevant of bitcoin in the society and don't push them or neither force them to buy bitcoin, I have made it clear that if push anyone or convinced the person to buy bitcoin when the market is on bearish market the people you convinced will blame you of discouraging them

I must admit, your narrative captured my attention. You've managed to engage a CBN executive in a substantive conversation about Bitcoin. Now, that's commendable! But, might I remind you that the 'devilish thing', as he so delightfully put it, is, in fact, traceable. Remember, every Bitcoin transaction is permanently recorded on the blockchain, accessible to anyone who knows how to read it. The devil is in the details, as they say.

Im critical of your neighbour's view because it seems as though he is forming an opinion on a subject he admittedly knows little about. But you stood your ground, which is admirable. So, here's to you for not being 'a bastard of BTT', whatever that means! And while I appreciate your zealous defense of Bitcoin, it is necessary to acknowledge that it has been used for illicit activities. But as you rightly said, so has fiat money. The tool isn't inherently evil, its usage is what determines its goodness or badness.

Tell to absolutely every person, that thinks like that to register on Centralized exchange (they don't need decentralized one), choose the Futures Trading and short sell bitcoin. If they think that Bitcoin's price will go down to zero, they can short sell with 100x leverage and make enormous profit, enough for the rest of their life.

Is this a made-up story or a real one? Because one Bitcoin is a huge money, especially in Nigeria and it's hard to agree someone to invest 30K in something that person has no idea with such a simple dialogue.

@EarnOnVictor I hope you didn't forget to mention to your neighbor that bitcoin is a volatile asset and it's price might increase/decrease based on the demand and supply.
You wouldn't want him coming to you just in case bitcoin price declines just after he made an investment.
He might already be knowing this though since he is working for the bank.

If I understand it correctly, you had a discussion about Bitcoin, and your neighbor was somehow against it because your neighbor thinks that it's used for illegal transactions or something. But then, after having a long conversation, you were able to persuade your neighbor to try and invest in Bitcoin?

Okay first, it's understandable that your neighbor think of Bitcoin in that way since he's working in the central bank. Let's be honest that there are a lot of huge and suspicious transactions involving Bitcoin or crypto so he's probably aware of that. And you should've expected that kind of response when you first asked him about Bitcoin. Idk but it feels like you took his response quite personally, saying a lot to defend Bitcoin. Or is it just me who read it that way? Nevertheless, it's still nice to know that you were able to convince your neighbor to try exploring Bitcoin.

Thanks for the question. One thing about me is that I'm a dynamic trader and I trade only the trend of the market, and I could decide to trade any time frame today or use multiple time frames which I do often. By this, a lot of signals have been detected after opening this topic and I'd bought and sold the market for good by the guide of the 4H and 1D charts aside from the 1W pattern.

I also partook in the last bullish movement that happened recently. After all, it's about making money irrespective of where the market face.

I wasn't the first person to talk about Bitcoin with this man, so he's stubborn. And if you saw the way he was talking, you would understand that he was an anti-Bitcoin indeed. And the nature of his job warrants it, he might hold a solid stance on the coin because such like him could still be the CBN governor with time and has the right to preserve their objection.

Did you get the gist at all? I wasn't trying to beg or force anyone to invest in Bitcoin. It all started with me personally defending Bitcoin when he was ridiculing it. It was one thing that led to another which eventually made him conclude he would invest in the coin, and hence what led to my title.

Also, by the nature of his job, he might be smart not to handle it by himself, and if he trusts his son that understands Bitcoin to that level, why not?

Some people are still living in old times, the times when Bitcoin just started getting famous and people, especially central authorities and mainstream media started showing a negative image of Bitcoin by saying it is a currency of criminals and is used for illegal activities, a lot of people believed in what they said and stayed away from Bitcoin.

Those people greatly regret their decisions these days but they can do nothing anymore, so letting people know about the reality of Bitcoin if they don't get it is actually good for them and not for Bitcoin since Bitcoin won't stop only because these people don't believe in it.

Am very sure the manner in which anyone starting out on a BTC journey is dependent on the manner in which they were approached.
I had a need to learn how to use BTC because I found myself in an environment that understand its use. I also was and still is the one asking about the technical terms and aspects I should understand and look out for inorder to get the best from it.
Your friend, the CBN director has the money, so he wouldn't mind trying out BTC as an investment he might likely not gain from should the worse happen. To someone else like me, it would have taken more than a whole year to have convinced me and even if I do buy the idea, how to come up with the funds for 1btc would become an issue too.

nice try to convince someone about btc ,
there are many bank employees in my country who believe in btc, it will be profitable to invest in btc, but believe it is not a guarantee for them to invest in btc there are many considerations they say, but there are also some who invest in btc by setting aside their salary for btc, the point is they have not ready with the risks involved when investing in btc, when the market is not doing well

Mate first you need to be very careful with the individual in question and never let go of your privacy since that is what makes him attracted to him in the first ace, I wonder how he will feel if the bitcoin market faces a great downturn tomorrow and while he already owns his 1BTC.


I will advise you never to let him know your financial state and what your account is on the forum, thos is real-time to practice total privacy.

You know you have done your part OP. It's a good thing that you're knowledgeable enough to defend Bitcoin against fiat supporter. However, always know that you're not oblige to convince that man, or anyone else in this world. But as long as they have now understand the real purpose and potentials of Bitcoin, then that could stop them from hating Bitcoin based on their misconception.

I understand that you may see this as a victory for bitcoin, and I hope you took into account that your neighbor whom you convinced to buy 1 bitcoin, which is not a small amount btw, will be looking to make profits from his investments and will hold you responsible if he incurs any loss. And I can’t blame him because judging from your discussion with the man, you give him the impression that bitcoin is a get rich quick scheme.
You aren’t entirely innocent in this case because you refused to tell him the risks. Can your neighbor afford to lose $27,000? He obviously wasn’t thinking, a newbie should not be investing so much, after only a brief conversation. I’m sorry to say but sounds like your neighbor can easily get scammed.

Everything about this is wrong, he still needs his son means he have no confidence in this investment, why try to force anyone to invest in Bitcoin? because he has the money? If something happens you will be blame.

This person need to learn about Bitcoin and other risks that are involved, if the bear market takes longer than we expect what do you think will happen? I don't see any confidence or trust in Bitcoin reading the texts between you two.

I only see someone investing on Bitcoin because he is been told to do so.

It is great if you convinced your neighbor to buy 1 Bitcoin but you must know the consequence because if those 1 BTc price plummets you might be one person to hear all the angry and sadness and maybe can hurt your relationship.

If I were you I will tell him that needs to learn more about Bitcoin and always do your own research before investing.

This is a common opinion concerning bitcoin. prior to becoming enlightened, I had the same thought as well. Nowadays, people just make assumptions without ever checking to see if they are accurate.

You did well, and I am impressed by how you pushed for bitcoin and were able to raise someone's understanding of it. It's awful how some individuals immediately assume that bitcoin can only be used for illicit purposes based on what they have heard, and some even think that it's a Ponzi scheme.



Nicely put, individuals frequently become frightened by others' position and make unjustifiable conclusions as a result. No matter where they work or what position they have, if you can communicate with them, you can convince them as well. It's comparable to how you might fall for a woman who is completely out of your league and eventually win her heart.

Goes a long way to prove to us that alot of people out there who are anti bitcoin do not truly understand what bitcoin stands for, it's rather  unfortunate though, for they wallow in ignorance and this cost them alot of money without them even knowing it.

But me here though, I will never try to convince anybody about bitcoin, I can stand up for bitcoin anywhere, but will never try to convince you to invest in it, thats your personal decision to make, I've convinced alot of people before who tend to end up seeing me as bad person when the price of bitcoin drops, and takes a bit of time to go up, so for me, I will tell you all the benefits of bitcoin, on the technological aspect, but wil never go the investment side of it.

What's the point of doing so?  I get it, we all want to encourage other people to also engage in this industry but the idea alone that some people are quitting, should already be a warning to not convince others to do so. Let them find their own curiosity. Also, I have experienced encouraging a friend of mine before but unfortunately, I was the one blame for his loss and there are even worse scenarios from other people who also tried doing so. Point here? It is okay to share the knowledge but always think of the consequences. Let's say you managed to get him involved in this industry. And happened a market price crash which caused huge loss on his assets. Ofcourse it would be easy to just say 'hold' but how would he feel? Not all people can tolerate risks.

The best way to convince someone familiar with the banking system to adopt Bitcoin or at least give it a shot is to put them in a position where they need to choose between making an international money wire or sending Bitcoin. When they have to choose between cheap and immediate vs expensive and a wait time, they will make the right choice.

You don’t need to convince him to adopt bitcoin because that is against on his job description. However, it’s a good thing that you were able to defend bitcoin based on his negative assumptions about it. That way, he will be more open to research about bitcoin and the benefits it gives to all its users and investors. Because when the whole world is already adopting bitcoin, people who work in banks should start to worry that they might be wrong in their assumptions and that they should not easily judge bitcoin just because the government is against it.

OP You have worked hard to persuade a CBN staff member who was warned to avoid Bitcoin due to the Nigerian government's reluctance to legalize it. As a result, the CBN staff has no right to publicly invest in Bitcoin, but they must be interested in Bitcoin investing because they are aware of how transparent Bitcoin transactions are.


This is true because even bankers want financial freedom, but they stick to their centralized banking system due to the nature of their job and their unwillingness to lose it.