Do you think is the right thing to convince someone to invest in bitcoin?
Okay, from my understanding and sense of reasoning I don't think is ideal to convince people to venture into bitcoin without their self willingness.
What do I mean by self willingness?
I have came across two individuals having a serious dispute over convincing him to invest in bitcoin with his little saving around my neighborhood, lemme clear something here, there are some people who invested in bitcoin without them knowing there is a place they called a bitcointalk forum, maybe those people venture into bitcoin by just buying and hold on centralized exchange where they thought is very easily for them to control and sells off without immediate delay.
This is about every one's choice. Telling someone to go to this forum and that forum is also risky these days. People has got this habit of poking us back when they fail at something. Tomorrow it may happen that you referred somebody here. That person mate someone or invested in some shitcoin project but eventually it turned out to be the scam project. Who would be responsible for this? No matter how much we tell someone that it is at your own risk, they will always at some point blame us. Its funny, but it gets as serious as your story here.
As the story continue, so he said of his friend should pay him back of the money he invested during the bull and it happens that what he invested was down by 60% or even more where he feels unbearably for him to wait more further, he went on saying he's friend should come pay him all his invested money since the price refuses to get back to previous price and he is wanting to use this money for long, to crown it all, he also temper with his mother's funds thinking it would increase more, little did he know the market would dropped unpredictably. Well it's a very long story where the investor reported the case to our local police authority and he was arrested for fraud after paying him back he was released, keep in mind i just try to shorten the whole story but my aim of posting this is to know whether is it good to convince people to invest or not..
Just look at the context here. After reading itself gives me worst feeling of being in the place to guide someone into the crypto OR basically in any type of investment opportunity. It is better that they come to this point by all themselves. If there is really true story and they failed due to genuine reasons I am all set to help them out with it but if it is vice versa then man, I am no help to such people who are blamers.
Who gamble with the money of their parents really? Imagine what that woman must be going through right now. She might have mothers heart but come on man, it could have taken her years of hard work to save that money. She must have thought to use it as her retirement journey but turns out it's scrambled now.
At this point something came into my mind of sharing here to let people know whether is good to convince people to venture into bitcoin investment or not.
Now, before doing whatever you think is right of doing, try as much as possible not to convince anyone to invest into bitcoin, as it may be people don't always think of disadvantages rather, they are being carried away with positive sides of the talk without knowing the side effects of the bear market.
You can go teach whomever that you wishes to teach, give them reason why they should invest and the other reason why they shouldn't invest if their heart is not yet ready, and let it be they are ready to accept all lost that may arose or arise at any given point than just convincing them to invest without detailing it properly to them in as much as we want a max adoption, also try your very possible best to abstain yourself from being tag and called scammer or a fraudster. Always wait for their feedback and willingness before you could just tell them to start buying bitcoin or holding bitcoin.
Do not convince anyone rather, give them the reasons and benefits of holding bitcoin which includes the advantages and disadvantages, reason because your understanding towards bitcoin and digital money, innovation aren't the same with those who are not mentally developed.
The floor is open for everyone to discuss about their thought and feelings towards this.
Note; I don't intend to discourage anyone from spreading the max adoption of bitcoin and cryptocurrencies at larg.
Bitcoin or lets say all the crypto currencies, anyone can come and get it. Better keep it that way.
The scams and blames are increasing day by day. There was time when my friends and whoever guided me back in the time were true to the point about all the risks. I never blamed anyone if I have lost any trade or gotten into trouble of ponzi schemes or lost money over crypto gambling.
There should be no guidance these days because of what happens later.