Topic: Let them make the choice of bitcoin (Read 347 times)

Firstly, the other person invested in bitcoin with his own hands. Nobody forced him to do it.
Would that person have shared the profits if bitcoin was at the peak ? I guess no right. So he cannot say that the losses occurred because of you.
Secondly, you should not convince anyone to do any kind of investments. You can surely teach them and give them the knowledge but it should be their own decision whether they want to invest in it or not.
Even I had told my friends about bitcoin and few of them bought it and are in losses currently but they haven't backfired at me like this.

Get a feeling of the person's nature and personality first, and always explain the "up and down" nature of crypto, otherwise its when they get mad at you. talk about the importance of patience.

Another source of income is a must-have, because Investment also requires money to be able to buy bitcoins.
If those who only have knowledge without having any income then they can't do anything.

Unless they have savings that are not used for other important things, it can be a good additional investment.
Providing early education on how you explain the risks and benefits of bitcoin, it will help them determine whether to invest or not.
Never force anyone to enter, because that will be the responsibility of each.


Our job is only to provide information about bitcoin and investment decisions are our own responsibility.
The crypto market is very risky for those who are new and don't fully understand it.
Nothing is instant to get big profits. Need process and also the capital.

In no case can another person impose the idea of buying bitcoin, or any other cryptocurrency. The fact is that then if another person loses the cryptocurrency, you will be responsible for the losses. Since you allegedly imposed a purchase decision. Everyone should understand for himself whether to buy him a cryptocurrency or not. And if you advised to do this, then you should immediately warn that this carries risks.

I dont see anything wrong in convince someone on the importance of Bitcoin. I leave them to make up their mind on whether they would buy some or not. But before i do such, i will first introduce the person to bitcoin and also make sure the person is familia with digital technology. Then I will let him or her know and understand bitcoin pattern like understanding the bear market and the bull run, security and other issues in Bitcoin. Letting him know that bitcoin takes a longer time to reap its fruit. Introducing or convincing someone to invest in bitcoin without letting him understand that bitcoin investment is a long term investment and that is why whoever that want to invest in it should have another source of income

I think not liking the bad side is of course normal behavior by the people but the reality is that we are talking about a situation where it could be as dangerous as you want it to be and not that much of a problem for most people.

I understand that we are not going to end up with a major problem in the long run, but we will face some troubles along the way and that should be something that everyone focuses constantly, there is no way of running away from that at all, we should be just accepting that fact. I know that people hate the bad side of these things, and it's their money so I understand that, but that bad comes with a great following afterwards.

I wonder why will someone try to convince someone to invest in bitcoin in the first instance. Are they trying to convince their friends that bitcoin investment will yield profits for them in short term or what? when they actually can't ascertain that.

Convincing someone to invest in bitcoin, means you are indirectly assuring the person that bitcoin will do well and the person's investment is not a waste. Anything that comes up, you are to hold responsible.

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Many people are guilty of this act of "convincing people to invest in bitcoin". They think that since their bitcoin investment is giving them profits, let them use the opportunity to tell their friends to join them to invest in bitcoin. Forget the fact that not everyone has the patience and composure to see how their investment decreases in price.

Investors always place their money where they can see their profits and feel very secure in their trading positions. When it comes to trading in the market, everyone has a different set of opinions and preferences. Due to the continued volatility every week that makes the seasons unfavorable for traders, there is ample opportunity to feel happy or upset about the market. I have complete faith in the project and have always warned any trader I can easily reach to watch out and sketch out good entries on bitcoin before it makes the big bull run up. As long as we have knowledge of the project and its roadmap, it is meant for everyone.

From my own point of view, we cannot force them nor convince them to invest in bitcoin because there's a money involve in it , we can only give them some glimpse or some advice and explain some basics regarding crypto I think it is better to teach them basics in the whole crypto itself so that they would not stereo type bitcoin when a token collapse or run away to its investors.

Instead of being accused of making people lose money by investing in bitcoin, we shouldn't talk about bitcoin much. People will easily blame others who have provided wrong information even though the information is not necessarily wrong, especially if it turns out that the person is not ready to invest in bitcoin and only wants to use our help to invest. We better keep it to ourselves because only we know the risks and how to deal with those risks. In addition, we are also ready for any risks, including price changes that always come at any time.

It's very possible to convinced someone to invest in Bitcoin, because many of us who are crypto lover was once against Bitcoin, I know people I explained about Bitcoin to during 2016 and they kicked against Bitcoin in 2016, Today they are crypto investors and most of their conversations goes into Bitcoin  discussions.
The only way someone can be convince and also develop interests in Bitcoin investment is when you brief the person the risk which is involved in Bitcoin  properly and also the profits which is involve in Bitcoin investment, it was previous years when the information of Bitcoin has circulate to most of the countries, I believe that any one you tried to give convince of Bitcoin would like to give it a trial,because the awareness of Bitcoin has gotten to the grassroot from my perspective.

Its good to know that people like you tells how the bitcoin works and the other side of it, that not because you see successful people with bitcoin is a easy profit money. It has a lot of rough road they been through before reaching that point. Bitcoin is so powerful that it can make you rich through it and also can make you poor quickly if you made a simple mistake. That's why they must understand the whole concept of it, its volatility, its usage, how things work on it, before investing on it if they don't want to lose their savings/money.
We can keep sharing and introduce bitcoin to our close friends but we must not pushed them to invest on it, they still need to decide on their own and must fully understand how bitcoin works first.  

As for me is not good to Convincing people to invest in Bitcoin, just tell them how to invest,tell them the merits and demerits of Bitcoin.some people will Convince people and introduced  Bitcoin in a wrong to people as it is portrayed in negative image many times by media or governments.let us  try to show them the way  but the last choice depends on them, if they interested they invest, any thing that happened you already tell them.Some only to tell them gain and will not them the lose,after you convince the person,he start buy and hold on Bitcoin, maybe he borrowed money from his friend to start investing,and without making any profits he lose.you explain how Bitcoin is, there is good and bad to invest in you lose or you gain because Bitcoin is not stability is rising and falling,and how to invest explain very well if not they call all can of names, scammer, thief.Although it is good to  tell someone about bitcoin explain to them and let them know  how to invest too since that is the really  purpose of bitcoin. It's was my uncle who makes me to  understand Bitcoin, like the first day when he speaks about Bitcoin I was not interested and he leave me alone. now am interested of Bitcoin because of him because he show me the way to invest in cryptocurrency.I will never forget my uncle because I love the he taught me how invest.

You have said well OP but I do not really think convincing people is the best and fast way to bitcoin adoption. Many peoples thought about bitcoin varies hence their ability and willingness to accept or reject the idea of bitcoin adoption. The act of convincing someone to adopt something I do not see it as appropriate because if an individual does not have a good view and perspective of something their is nothing you can do about it but you can only talk or teach the person about that stuff but would be difficult to convince that person in doing what you want them to do. So I think convincing is a waste of time so you could just allow nature to take it curse and maybe the person might see sense in what you are telling him or her and be convinced to take actions in trying what you told them.

Your narration is something most of users who got in here before the 2017 Bitcoin boom would've encountered by now. It's not a bad idea to persuade anyone to invest in Bitcoin or any alt at all. However, it's very imperative you let them know what they're getting into before hand. People like the good side of things and not the bad side. Bitcoin has its loss angle as well as its profit angle too. Let people in on it so they know that they can also lose all the invested cash as much they can also make profit from it.

I've someone I talked to a few years ago about Bitcoin investment. After a while dude decided to invest because he was passing through financial meltdown. At the time he did and sent me the cash for it, I wanted to put it in altcoin (launchpad token) but decided against it because of high risk. No one knows what can happen when it comes to alts. The whole thing can go down the drain within a day. However, if I had invested it in that launchpad token I would've doubled the capital within a few weeks of investing in it. Instead, I invested it in Bitcoin, knowing that whatever happens I can still get out the capital. I'm still hodling the fund and if the dude wants his capital while the market is dipping from when I invested it, all I've to do is pay him off his invested capital and keep the Bitcoin, then wait for bull season to set in. If the person in your story had done that, the incident wouldn't have landed him in police net.

Investment should never be based on someone else influence so we can never force someone to invest not only in Bitcoin but any other assets aslo.There are many people who have bad experience with it or were introduced to btc in wrong manner as it is portrayed in negative image many times by media or governments.We can try to educate them but the last choice depends on them that whether they want to understand it or not.So it's their loss we can't do much about it and don't need to care a lot.

Well, it's tactically right to share investment opportunities with folks out there but having to impose on them to buy into the ideal communicated is indeed a bad idea that should never be condoned.

I am also scared being called scammer because i gave advice to someone. Though it is okay to to tel someone about bitcoin explaining them and know the how to use it since that is really the purpose of bitcoin. But if you are giving advice about investing to it to those people that you didn't know well the possibility of calling you scammer or blaming you that they've lose they money because of you is pretty high so it is really best not to give financial advice only explaining what bitcoin is

Willingness originates when a person hear about it and if one have no information about anything then how he will think about it? We are fan of bitcoin and want to make investment in it because we heard about it and see the success of individuals that's why we are in willing of bitcoin investment.

Bitcoin investment is not easy as people think about it because it requires so many things that we have to do like realising of market, realising of worth to buy and sell and one more thing that is patience. So before convincing someone try to tell them about these clues.

Convincing someone is actually good but it's real that he will have no knowledge so if he fails to get profit and loss money so be will blame you so acknowledgment is necessary.

This is the problem when people are presenting Bitcoin as if it's a way to get rich or an investment opportunity. It isn't. And while it has somehow developed into it eventually, it is wrong to disregard everything else and focus only on Bitcoin's fiat value. Yes, it is an enticing way to present Bitcoin by saying it used to be less than a penny but then grew to as high as $69,000 in a little over than a decade, but such convincing approach is built on sand. It doesn't provide anybody with any foundation at all. A mere FUD, a quick correction, a fake news, and the like will easily destroy any amount of confidence built on it.