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tech30338

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him
Before he spends the money on something stupid

Maybe he is trading Altcoins and don't want to buy bitcoin at the moment, if he is making a profit out of it, why stop him on what he is doing besides its his money, all we can do is suggest but we can't force them on what we want on them, just remember the day you told him about that, but i think he is doing fine according to you're story, if he's already making profit he already know what he is doing, you should focus on yourself and prove him that you're suggestion is also a better one, but don't force it to others, they might get annoyed.

hugeblack

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If he made profits from trading cryptocurrencies, he certainly knows that keeping Bitcoin will make him a profit, but trading made him a bigger profit, so your friend either knows what he is doing or is stupid enough and will not listen to any advice.

GeorgeJohn

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You don't need to force someone to invest in bitcoin, its obvious that bitcoin has been well known everywhere unless its a country that doesn't like to embrace Bitcoin, so you can only take horse sea but can't force horse to drink water, the risks that involve in bitcoin investment should make you to allow your friends to decide to invest or not, because after you convinced him to purchase bitcoin and the investment go beyond your friend expectation, it's clear that your friend will hold you responsible of misleading him to invest in bitcoin, the only you have to do if you want to introduce someone into bitcoin investment, is to elaborate the advantages and disadvantages of Bitcoin and if he's convinced of that, he can invest in bitcoin without you persuading him to invest, what I'm telling right now has caused so many issues between both friends, just have boundary adjustment for someone decision of any investment.

bigmanik

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Thank you all very much for you advice I really appreciate your help

Cryptomultiplier

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him
Before he spends the money on something stupid

The best advice or in this case, counsel, that you can give your friend is to personally practice how crypto currency helps you in any way with a proof of course and then, keep telling him stories of other crypto investors that have made success trading cryptocurrency most especially bitcoin and its potential, am sure oneday he would want to learn more and try it out himself.

Stalker22

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Quote from: bigmanik on October 09, 2024, 02:34:30 PM

Don't get me wrong I'm not doing it for myself neither is there any benefits in it for me
But he's my best friend and he has lost a lot of money to trading even more than he has made so far
So I just wanted him to invest it some part of it before he pumps it all back into trading

You are full of contradictions. First, you claimed your friend was making a killing trading crypto. Now, you are saying he lost more than he has made? Make up your mind.

If your friend is making money trading crypto, why do you think he needs your advice? Maybe he knows what he is doing. Trying to convince someone to invest in a specific asset, especially something as volatile as Bitcoin, is a risky move. If he loses money because he followed your advice, who is going to take responsibility?

Let him make his own decisions. If he wants to spend his money on something "stupid," that's his choice. It is not your place to dictate how he should invest his earnings.

Nothingtodo

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him
Before he spends the money on something stupid

If your friend has invested properly as per the plan then it is fine and there is no need to convince you. Why would you convince your friend to invest in Bitcoin when he is already making profits by trading and investing in Cryptocurrencies? Let your friend follow your friend's decision and if you want to invest strictly then you invest according to your decision. I believe it would be very wise not to try to convince anyone on crypto-currencies.

bigmanik

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Don't get me wrong I'm not doing it for myself neither is there any benefits in it for me
But he's my best friend and he has lost a lot of money to trading even more than he has made so far
So I just wanted him to invest it some part of it before he pumps it all back into trading

Rikafip

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some

Why would you even try convince someone who made shit load of money via trading crypto, invest in anything, including bitcoin? Especially if he already said no.

Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Before he spends the money on something stupid

Easy come, easy go. Let him learn a lesson.

Wonder Work

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen. So please I need your help how can I convince him. Before he spends the money on something stupid

There is something wrong with ur words because u yourself say that he made some money from trading. The question here is that whoever has the ability or ability to earn by trading must know the market well. He has certainly recharged on a variety of coins and I think he can pretty well predict which way the market will turn and when any coin will be. Since he is trading, he doesn't know about bitcoins so it is not believable because people who come into the world of trading or cryptocurrency world know well about bitcoin.

You don't have to worry about him, his title is his personal matter to spend as he pleases. You don't have to worry about this.

GiftedMAN

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him
Before he spends the money on something stupid

Op if I may ask, why do you want to convince him to invest in Bitcoin when he is not interested in investing? do you want to force him so that at the end he will see you as the reason why he did not spend his money on what is best for him, I will suggest you let him do what is best for him so that you don't end up being the reason why he lost his money.

Bitcoin investment should be done by the determination and personal interest of the investor, do not force any one to invest and do not suggest the investment to anyone when they have no knowledge or likeness for Bitcoin and the investment.

BIT-BENDER

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Do you have any financial gain from his investment? Let say he wants to invest in Bitcoin would you get any benefits? Well I am asking this question before I don't get why people try to convince others in any financial investments. This is a very dangerous act to do. If you aren't his manager or financial advisor/strategist then you have no business trying to convince him to invest in Bitcoin.

Many people love fast returns on investments, now convincing your friend to buy in on Bitcoin may back fire. First Bitcoin is high so before your friend sees any tangible return on investments he has to invest a good amount still not guaranteed. I think just tell them about Bitcoin and how to do their own research the be there for any of their return questions.

salad daging

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Since you have already made suggestions for him to invest but he insists that he doesn't want to, it's better to leave it alone.

Maybe they think trading is more profitable than investing, he also may already have skills in trading so he remains focused there and does not want to go to another.

Maybe other people will think to diversify, but his thoughts are different from us so don't be too pushy maybe he has his own judgment about trading and investing.

Zoomic

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A crypto trader who does not believe in investing in Bitcoin? I find it hard to believe this story is authentic. Bitcoin investment is not for everyone anyway, if your friend thinks investing In bitcoin is not worth it, then you should let him be. After all, it is his money and he alone has the sole right to decide how he spends his own money.

I just hope that after seeing all the replies on this thread, you will understand that it is wrong for you to try to convince a person at all cost to invest in the kind of business you alone recommended. You have tried your best by recommending bitcoin to him, since he said NO, it is best you let him be or you will take the blame in the future if anything goes wrong with the investment you convinced him thoroughly to go for.

BABY SHOES

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Why do you think so much of your friend? You don't need to worry anyways I'm sure your friend already knows the risks, the important thing is that you focus on the investment you are doing, not taking care of others.

Your friend in trading makes a lot of money, of course your friend will continue to trade because he already knows trading then it makes money... As for him not investing in bitcoin it's up to them you don't push too much because it's not your right.

Zlantann

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him
Before he spends the money on something stupid

You don't force people to do what you think is right. Adults are allowed to make their own decisions because they can think about the advantages and disadvantages of such an idea. Be ready to take the blame if there is any challenge with such an investment if you force it on him. You should also note that there is no certainty that people who invest in Bitcoin will make money. My advice is for you to expose your friend to Bitcoin and encourage him to do his research. If he finds the investment worthy, you can guide him and, if possible, introduce him to the forum to gain more knowledge.

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Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him

There is no need to convince him. You said that he's making a lot of money from trading so basically, he knows the importance of having Bitcoin on his portfolio. You don't have to push him what to do because it seems that he knows what he's doing, you'll just look to him as an antagonist if you keep on suggesting him to buy bitcoin in a forceful way.

Quote from: bigmanik on October 09, 2024, 08:33:55 AM

Before he spends the money on something stupid

Let him be, his money - his rules.

Roseline492

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OP I don't think there is need for you to worry too much about your friend and there is no pattern anybody can give you to use and convince him because is actually his decision to make and besides you have play your part as a friend by trying to make him see reasons why he need to stop trading and invest on Bitcoin instead, so if he doesn't want to invest on Bitcoin you just have to respect his decision because since he is use to trading it will be difficult for him to go into an investment that would take a very long term before talking about selling which is why most people on those area normally see Bitcoin investment differently.

Cityhunter34

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Since you have try your best on him to invest his money on Bitcoin and hold for a long term investment and he didn't want to listen to you, I think you should live him because you have don your part as a someone that really want his friend to be come a better person in the future. However, I think is left for him to decide by himself because normally as long as Bitcoin investment is concerned forcing a friend to invest in Bitcoin without his willingness is highly not advisable because sometimes he might be thinking that you have plans to lavish his money while because he can't be able to have patience and hold for a long period of time.

bigmanik

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Well I have a friend he trades crypto and he's actually making some money of it recently he made alot of money of trading and was thinking of how to invest it I have been trying to convince him to buy some Bitcoins but he doesn't want to listen
So please I need your help how can I convince him
Before he spends the money on something stupid

Topic: Investment (Read 172 times)