presuring someone into Bitcoin investment

Rengga Jati

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Quote from: Smartgoat on August 27, 2023, 01:45:53 AM

presuring someone into Bitcoin investment

Simply, this will not be a wise idea, pressuirng someone to invest in Bitcoin is not wise,mate. There needs their own.
They need their own awareness to invest, while we only need to introduce and pave the way, and if we can while observing and supervising how that person invests, we can also do it. But never pressure someone to invest in this high risk thing. What's more, if we make too sweet promises to people who don't know what Bitcoin is at all.

Quote from: Smartgoat on August 27, 2023, 01:45:53 AM

I can remember some years ago, I talked to my mother about Bitcoin and investing on it. that was two years ago. she should use any amount she could use as a trial, but she rejected the idea of investing on Bitcoin.

wasn't the price of Bitcoin 2 years ago higher than now? If 2 years ago your mother had really followed your advice to invest in BItcoin, then she would have really regretted it because at that time the price of Bitcoin fell more and more, and in the end she really became more convinced that you had cheated her. Now, the price of Bitcoin is currently dropping quite a bit, and it is still good to buy. If you explain that there are bullish and bull run cycles, maybe he will understand a little if one day the value of Bitcoin will fall or rise drastically. But once again, never force someone else to invest in Bitcoin.

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Quote from: xSkylarx on September 10, 2023, 09:20:40 PM

Quote from: sompitonov on September 10, 2023, 05:30:21 PM

Quote from: SatoPrincess on September 10, 2023, 04:00:56 PM

Quote from: Smartvirus on September 10, 2023, 02:41:06 PM

Hidden motives!
I wonder if there are those out there that are doing their outmost to get people into picking bitcoin investments for trading purposes. That would be such a wrong move on there side and one that is mainly birth out of greed.
Just how do anyone do that?
Convincing a newbie to bitcoin or cryptocurrency to come take up cryptocurrency trading just so the invitee could get referrer bonuses and trade bonuses, that’s not being a good friend to such individual.

It takes a lot of energy in trying to convince someone. I think the best approach would always remain in you having to leave them to convince themselves. You can’t really convince someone who doesn’t think that which s/he is being introduced would benefit them. They have to convince themselves before you could win them over.

Still, it would be a good idea to jot over exaggerate things when trying to win them over.

When someone is trying so hard to sell you something, they usually have something to gain from doing so. We often blame crypto influencers for misleading their followers whereas regular bitcoiners like you and I do the same to their friends and families. It doesn’t always end well when you introduce a close friend or family member to investments, they somehow hold responsible for any loss they may incur because they feel it’s your fault they are losing money, these things can break a relationship and I don’t think it is worth it.

You are probably right, the relationships that we have built over the years with our loved ones and friends are at risk. I don't want to risk it. It’s better to let them find out for themselves on the Internet or on television (although I think they cover it from a negative point of view). And if after that they are interested in Bitcoin, then you can give neutral advice if they ask you. Or basic safety tips that beginners need at the beginning of their journey. I definitely would not give financial advice on the rise or fall of Bitcoin.

Real friends wouldn't be destroyed just because of money, but in this case, right now, most people have lost their minds when it comes to money. You are right that friendship or the relationship between them is at risk if something happens to their investment. Even though you know that it ain't your fault as it is their action, some people will still hold you accountable because they've lost their money because you persuaded them.

Right now, it is better to keep quiet, and if they ask you about it, just tell them to find it online and learn it. Only then can you have a proper conversation if they already know what Bitcoin really is and the purpose behind it.

There is an expression: if you don’t want to lose friends, then don’t start a joint business with them. A similar rule applies here - don't give them financial advice with Bitcoin. I agree with you about the blame, they will shift the blame onto you because they don’t want to be responsible to themselves. This is why many people listen to pseudo-analysts and bloggers on YouTube who tell them what to buy and follow their advice. And then they write that the analyst is bad, but they don’t think that they should have started by criticizing themselves.

You can also communicate by adjusting to your friend’s development in this area. If he is poorly versed, then communicate with him on an equal footing, without correcting him too much.

TheSpiral

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Quote from: Finestream on September 07, 2023, 05:24:16 PM

You can educate someone about a certain investment or specifically bitcoin but you can never decide for himself, because investing needs prior research and studies so you can prepare for its risk and to avoid losing as well in the process. That is how OP’s mother is trying to do and now after a series of research and studies, she’s now certain with he decision because she knows already the high potentials of bitcoin to succeed in the future.

Taking decision is a personal matter and no one can take decision for others but sometimes when people hear about success and they don't know how to get profit then they give money to others for the purpose of investment.

I will wants to talk about this matter that whenever someone tells you to help him in bitcoin investment then just share details and experience with him but never utilize his money for investment because if you Loss money then you will always be entangled in blameworthiness.

It is also disadvantageous for the hopeful person because if he trust on someone and he take his money then without crying he cannot do anything so always move forward with open mind.

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Quote from: KiaKia on September 11, 2023, 08:22:11 AM

I don't believe that pressuring can work with Bitcoin investment, it's already complicated enough for new beginners, assing pressure will make them run away because they will start thinking that there is more to it that you aren't telling them.

I remember telling someone about Bitcoin investment and later I heard they went ahead and invest in HYIP, bring 30$ and get 300$ in a week or two, this worked for her on the first try and she came to my place to show off the investment, yet I still managed to warned her about the danger lurking in front of her, but you know, these people would think you are jealous of their accomplishment, later it turned scam and they run away with her money.

I heard she invested more than she started with in the past week, greed caught up to her and she paid heavily for it, she couldn't even come to tell me herself, I heard the whole thing from her little sister.

People like what will turn into money faster, so it's comfortable for them who have the knowledge to avoid Bitcoin and go for the quicker ways.

Bitcoin and cryptocurrencies are complicated, especially for beginners, thus such stories are worrisome. Knowledge rules. The lure of 'fast money' leads people to fall for schemes with unrealistic returns. Most HYIPs are pyramid schemes that collapse, capturing unwary victims' money.

Education and diligence protect against these risks. Pressuring beginners into cryptocurrencies without instruction is dangerous. Instead, encourage inquiry, learning, and cautious optimism. When "fast money" looks easier than ever, remember the old adage: if it seems too good to be true, it probably is.

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I don't believe that pressuring can work with Bitcoin investment, it's already complicated enough for new beginners, assing pressure will make them run away because they will start thinking that there is more to it that you aren't telling them.

I remember telling someone about Bitcoin investment and later I heard they went ahead and invest in HYIP, bring 30$ and get 300$ in a week or two, this worked for her on the first try and she came to my place to show off the investment, yet I still managed to warned her about the danger lurking in front of her, but you know, these people would think you are jealous of their accomplishment, later it turned scam and they run away with her money.

I heard she invested more than she started with in the past week, greed caught up to her and she paid heavily for it, she couldn't even come to tell me herself, I heard the whole thing from her little sister.

People like what will turn into money faster, so it's comfortable for them who have the knowledge to avoid Bitcoin and go for the quicker ways.

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Quote from: sompitonov on September 10, 2023, 05:30:21 PM

Quote from: SatoPrincess on September 10, 2023, 04:00:56 PM

Quote from: Smartvirus on September 10, 2023, 02:41:06 PM

Hidden motives!
I wonder if there are those out there that are doing their outmost to get people into picking bitcoin investments for trading purposes. That would be such a wrong move on there side and one that is mainly birth out of greed.
Just how do anyone do that?
Convincing a newbie to bitcoin or cryptocurrency to come take up cryptocurrency trading just so the invitee could get referrer bonuses and trade bonuses, that’s not being a good friend to such individual.

It takes a lot of energy in trying to convince someone. I think the best approach would always remain in you having to leave them to convince themselves. You can’t really convince someone who doesn’t think that which s/he is being introduced would benefit them. They have to convince themselves before you could win them over.

Still, it would be a good idea to jot over exaggerate things when trying to win them over.

When someone is trying so hard to sell you something, they usually have something to gain from doing so. We often blame crypto influencers for misleading their followers whereas regular bitcoiners like you and I do the same to their friends and families. It doesn’t always end well when you introduce a close friend or family member to investments, they somehow hold responsible for any loss they may incur because they feel it’s your fault they are losing money, these things can break a relationship and I don’t think it is worth it.

You are probably right, the relationships that we have built over the years with our loved ones and friends are at risk. I don't want to risk it. It’s better to let them find out for themselves on the Internet or on television (although I think they cover it from a negative point of view). And if after that they are interested in Bitcoin, then you can give neutral advice if they ask you. Or basic safety tips that beginners need at the beginning of their journey. I definitely would not give financial advice on the rise or fall of Bitcoin.

Real friends wouldn't be destroyed just because of money, but in this case, right now, most people have lost their minds when it comes to money. You are right that friendship or the relationship between them is at risk if something happens to their investment. Even though you know that it ain't your fault as it is their action, some people will still hold you accountable because they've lost their money because you persuaded them.

Right now, it is better to keep quiet, and if they ask you about it, just tell them to find it online and learn it. Only then can you have a proper conversation if they already know what Bitcoin really is and the purpose behind it.

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Quote from: flyingcarpet on September 10, 2023, 02:24:19 PM

It is a big mistake to tell someone that if they invest, they will definitely make a profit. Every investment carries risk. An investment cannot guarantee a hundred percent profit. We should always explain the risks to the investor first. We must say that the amount he invests should be at an amount that will not leave him in a difficult situation if he loses his investment.

Therefore, as you said, we should not make mistakes by making empty promises to investors. Some people can listen to the words of others and act without questioning. That's why we have to be careful not to say empty words.

Yep. There is no definite profits. Whatever the investment is, no guarantee for profits. Moreover, when we invest in Bitcoin, it is categorized as a high risk investment. Since Bitcoin is a high risk investment, everyone must understand that there are bigger risks in Bitcoin. That's why some people say that investing in Bitcoin is almost the same as 'speculating'.

When we talk about profits, it is actually not an empty promise. It is actually very possible, the chance is real. But it will be a mistake if we guarantee the profits. People probably will misunderstand Bitcoin investment, they will assume Bitcoin is a safe asset. In reality, the high volatility in Bitcoin makes it risky, and the price move is mostly unpredictable, too.

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Quote from: Smartgoat on August 27, 2023, 01:45:53 AM

there was a lesson I lean from here. when you are preaching to someone about Bitcoin, you shouldn't talk too much, and you shouldn't stay long and you should also allow them make some research and ask questions about what we are preaching to them, to avoid loss at the end.

In the first place, why preach to someone about Bitcoin?

It's always my habit to just feed them a good response as much as I can once they ask me a question directly about Bitcoin in general. There's no really need to introduce Bitcoin to anyone just allow the adoption to take place normally and look, what a good progress now in terms of adoption since then.

Adding to that, I'm not responding a direct answer to some people before that asked me directly related to Bitcoin when it comes to "how to earn in Bitcoin". That question is where the point is they should do a bit of research. Later on, they can ask me about what they found out through their research, and on my part, I will give them the best possible response as much as I can.

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Quote from: Smartgoat on August 27, 2023, 01:45:53 AM

I don't know, how you see it.

Explaining Bitcoin to parents is very challenging and difficult, because there are more than 4000 different cryptocurrencies circulating on the market. Of course, when explaining bitcoin we will also explain altcoins and this will make those listening dizzy. So we have to explain slowly and the purpose of creating bitcoin in detail so that in the end many people have been able to gain profits from investing in cryptocurrency.

Therefore, there is no need to rush to explain it. Even if he already understands, we don't need to impose our will on his decision. So your mother made a good decision not to invest immediately after you explained. Instead, he researched it himself so that in the end your mother wanted to invest in bitcoin. In essence, to make it easier to explain the use of investing in bitcoin, it is an investment for the long term because bitcoin is better than gold. There is money, don't just save it, but rotate it either for business or future investment, because if the money is just left in the bank it won't produce anything while economic inflation is getting higher.

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Quote from: SatoPrincess on September 10, 2023, 04:00:56 PM

Quote from: Smartvirus on September 10, 2023, 02:41:06 PM

Hidden motives!
I wonder if there are those out there that are doing their outmost to get people into picking bitcoin investments for trading purposes. That would be such a wrong move on there side and one that is mainly birth out of greed.
Just how do anyone do that?
Convincing a newbie to bitcoin or cryptocurrency to come take up cryptocurrency trading just so the invitee could get referrer bonuses and trade bonuses, that’s not being a good friend to such individual.

It takes a lot of energy in trying to convince someone. I think the best approach would always remain in you having to leave them to convince themselves. You can’t really convince someone who doesn’t think that which s/he is being introduced would benefit them. They have to convince themselves before you could win them over.

Still, it would be a good idea to jot over exaggerate things when trying to win them over.

When someone is trying so hard to sell you something, they usually have something to gain from doing so. We often blame crypto influencers for misleading their followers whereas regular bitcoiners like you and I do the same to their friends and families. It doesn’t always end well when you introduce a close friend or family member to investments, they somehow hold responsible for any loss they may incur because they feel it’s your fault they are losing money, these things can break a relationship and I don’t think it is worth it.

You are probably right, the relationships that we have built over the years with our loved ones and friends are at risk. I don't want to risk it. It’s better to let them find out for themselves on the Internet or on television (although I think they cover it from a negative point of view). And if after that they are interested in Bitcoin, then you can give neutral advice if they ask you. Or basic safety tips that beginners need at the beginning of their journey. I definitely would not give financial advice on the rise or fall of Bitcoin.

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Quote from: ChiBitCTy on September 06, 2023, 02:37:32 PM

People shouldn't be pressured in to doing anything other than being pressured to "do their homework". As a financial advisor I'm constantly pressuring people to simply look at their financial situations and do homework on investments and things of that nature, never pressuring them to take action to purchase anything, but simply taking that action to see if purchasing investments made since for their situation.

I'm glad things worked out for your Mom in this sense.

Is reporting the right thing a compulsion? but we are currently in an era where when we preach the right thing, we are seen as someone who is pushy, I don't find anything wrong with us talking to someone about bitcoin, it's your right to talk but the approach you take must make they are comfortable because things that start with a hasty attitude will only end badly. parents are the people who gave birth to us, they have been used to giving us lessons since childhood, so it is very natural for them to reject the bitcoin that we explained at the beginning.

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Quote from: Smartvirus on September 10, 2023, 02:41:06 PM

Hidden motives!
I wonder if there are those out there that are doing their outmost to get people into picking bitcoin investments for trading purposes. That would be such a wrong move on there side and one that is mainly birth out of greed.
Just how do anyone do that?
Convincing a newbie to bitcoin or cryptocurrency to come take up cryptocurrency trading just so the invitee could get referrer bonuses and trade bonuses, that’s not being a good friend to such individual.

It takes a lot of energy in trying to convince someone. I think the best approach would always remain in you having to leave them to convince themselves. You can’t really convince someone who doesn’t think that which s/he is being introduced would benefit them. They have to convince themselves before you could win them over.

Still, it would be a good idea to jot over exaggerate things when trying to win them over.

When someone is trying so hard to sell you something, they usually have something to gain from doing so. We often blame crypto influencers for misleading their followers whereas regular bitcoiners like you and I do the same to their friends and families. It doesn’t always end well when you introduce a close friend or family member to investments, they somehow hold responsible for any loss they may incur because they feel it’s your fault they are losing money, these things can break a relationship and I don’t think it is worth it.

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In my opinion, the best option is to never convince anyone of anything, especially when it comes to money because it is very sensitive.
And I personally will educate a close friend or family member, as long as they themselves want to. Then let them make up their own minds, and tell them the risks, pros and cons of Bitcoin or other cryptocurrencies so they can consider them.
And convincing someone to invest in Bitcoin or another cryptocurrency can be a challenge, as it is a highly speculative market and many people may be hesitant to invest their money in a volatile asset. However, we also need to educate them if that is their own desire and not persuade or convince them, but only provide simple knowledge and understanding that is easy for them to understand. If not us, who else?

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Quote from: serjent05 on September 09, 2023, 05:45:26 PM

When people overhyped and then suggest investment, it is possible that there is a hidden motive in there. Probably the person explaining wanted his investor to invest in Bitcoin under their referral to earn something from that investment. We all know exchanges have also an affiliate program where the sponsor or the person who refers users will have a certain percentage of that person's trades.

Hidden motives!
I wonder if there are those out there that are doing their outmost to get people into picking bitcoin investments for trading purposes. That would be such a wrong move on there side and one that is mainly birth out of greed.
Just how do anyone do that?
Convincing a newbie to bitcoin or cryptocurrency to come take up cryptocurrency trading just so the invitee could get referrer bonuses and trade bonuses, that’s not being a good friend to such individual.

It takes a lot of energy in trying to convince someone. I think the best approach would always remain in you having to leave them to convince themselves. You can’t really convince someone who doesn’t think that which s/he is being introduced would benefit them. They have to convince themselves before you could win them over.

Still, it would be a good idea to jot over exaggerate things when trying to win them over.

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Quote from: Aanuoluwatofunmi on September 09, 2023, 05:46:15 PM

Quote from: Finestream on September 07, 2023, 05:24:16 PM

You can educate someone about a certain investment or specifically bitcoin but you can never decide for himself, because investing needs prior research and studies so you can prepare for its risk and to avoid losing as well in the process. That is how OP’s mother is trying to do and now after a series of research and studies, she’s now certain with he decision because she knows already the high potentials of bitcoin to succeed in the future.

I don't even know what will benefit the educator for mounting pressure on the newbie to make sure that he invested, putting pressure on someone for an investment that has a high risk like bitcoin will only lead to frustration and disappointments when the market dips and they are loosing their money along gradually, both of you will not be at peace because you would have also made some vain promises about bitcoin to always provide them with the desired profits if they invested.

It is a big mistake to tell someone that if they invest, they will definitely make a profit. Every investment carries risk. An investment cannot guarantee a hundred percent profit. We should always explain the risks to the investor first. We must say that the amount he invests should be at an amount that will not leave him in a difficult situation if he loses his investment.

Therefore, as you said, we should not make mistakes by making empty promises to investors. Some people can listen to the words of others and act without questioning. That's why we have to be careful not to say empty words.

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Quote from: HajiBagi on September 05, 2023, 02:17:04 AM

Pressuring someone to invest in something or to invest in bitcoin is not a good idea at all because it is very risky. Let's take your mother as an example; when you first introduced her to bitcoin, she initially expressed no interest, and you didn't press the issue. However, after doing some research on the currency, she returned to you and expressed interest. Then, since you did not urge her to invest again, if anything occurs or the price of bitcoin drops and she is unable to sell it when she anticipates, she won't hold it against you. As a result, there won't be any friction between the two of you.

And once more, when you are introducing someone to bitcoin, make sure they are a well-informed and educated person because some people are difficult to understand. Some people will invest their money in bitcoin because they believe they will profit from it if they do so after you explain what it is. However, not everyone can invest in bitcoin because it is a type of investment that you must be capable of doing in order to do so.

A lot of people make this mistake, they get into the industry, find Bitcoin and cryptocurrencies fascinating, and they get excited, and out of that excitement they tell people about them and also ask them to get involved without even educating them about the risks involved with cryptocurrency investments, and when the people they invite actually invest some money in cryptocurrencies and if they lose money, they will put the blame on them because they are the ones who got them to put their money into it.

This is the reason why I never take the first step and introduce people to Bitcoin or cryptocurrencies, I might discuss it generally but I would never ask them to make investments in it so that they can get profit, and if they ask themselves, I always tell them that the market is very risky and there can always be negative outcomes as well.

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Quote from: Finestream on September 07, 2023, 05:24:16 PM

You can educate someone about a certain investment or specifically bitcoin but you can never decide for himself, because investing needs prior research and studies so you can prepare for its risk and to avoid losing as well in the process. That is how OP’s mother is trying to do and now after a series of research and studies, she’s now certain with he decision because she knows already the high potentials of bitcoin to succeed in the future.

Right Everyone has a personal decision and desire. and when something involves financial matters, a proper research is required. so no one can ever impose the decision of others in the matter of investment. But one can be attracted to invest with proper guide and advice for something. In this regard, Bitcoin is a potential currency where investment has the potential to earn a lot of profit and it is a very promising coin for this technology era and this digital era. which will serve as an alternative digital payment method in future in every international payment gateway

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Quote from: tjtonmoy on September 07, 2023, 02:27:14 PM

Quote from: bitterguy28 on September 07, 2023, 12:10:42 AM

~Snip

No no. Never share your experience with them in the beginning. Make them feel like you are trying it out for the first time too and you know a little bit of it here and there. As humans, we tend to learn together and make a competition on who can learn first and get better at it. If you say you know more than they can learn on their first try, they will ignore you or try to copy what you do. They will try to be better than you. In that process, they will skip all the beginner stuff and jump into the advanced things to catch up to you. And that's not a good thing, is it?

Make a space where they can think that they can learn with you can look up to you when they need help. Not your losses or your profits. That comes later. If they learn from the ground up, it will be easier to teach them the concept of profits and losses. It will be an easy job for you too. Lastly, the most important thing is never to push them if they refuse to do their research and learn. Even after learning everything, if they refuse, respect their decision.

To be honest, yeah. I wouldn't really share too much of an experience with them. It kinda gives them the "rushing" feeling to be successful and with that, they kinda make rash decision thinking that they could be like you or successful as you.

That's a good point to be honest when we're going to share our crypto stuffs to other people. Jealousy and some negative stuffs tend to arise when you're going to include friends in crypto. Copying what you do is the worst way they could do especially in trading and you might even get blamed for it

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Quote from: Oilacris on September 09, 2023, 05:55:02 PM

Quote from: Aanuoluwatofunmi on September 09, 2023, 05:46:15 PM

I don't even know what will benefit the educator for mounting pressure on the newbie to make sure that he invested, putting pressure on someone for an investment that has a high risk like bitcoin will only lead to frustration and disappointments when the market dips and they are loosing their money along gradually, both of you will not be at peace because you would have also made some vain promises about bitcoin to always provide them with the desired profits if they invested.

This isnt only affecting about those personal views and opinions or impressions but also it would really be affecting your personal relationship with someone if you do have that kind of behavior in speaking about forcing out someone on knowing or dealing with Bitcoin or crypto as a whole on which you would be likely to be blamed on on the time that the market would really be giving
some bearish movement and this is something that you should avoid on having some conflicts with other people or the one you do love just because of having that opposition when it comes to interest.

This is why it would really be that ideal that letting them be on what are their views and opinions about Bitcoin on the time that you do make out some explanation and on the time that they do show off some interest then this is the time that you would really be making out some indepth explanation on which they could really easily understand.

Yes that's absolutely right and also don't let you do something like brainwash them and lead their opinion according to your opinion about investing, to be honest I also never invite others even my own friends to enter this field, but maybe I just tell a little story and if they are interested then I will teach from the basics, but still I will not say that investing is a solution that they should take to improve their finances in the future or maybe the common thing is to make a profit. Because it won't always be as expected.

So the point is if you really want other people or for example friends around you to progress by following the investment steps you take, I hope you just tell them about the basics, don't exaggerate like for example you will be able to get a lot of money there, because that's just talk that won't always match your expectations, so just tell the basics and the rest let them go through, so that you avoid some people who want to blame you.

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Quote from: Aanuoluwatofunmi on September 09, 2023, 05:46:15 PM

Quote from: Finestream on September 07, 2023, 05:24:16 PM

You can educate someone about a certain investment or specifically bitcoin but you can never decide for himself, because investing needs prior research and studies so you can prepare for its risk and to avoid losing as well in the process. That is how OP’s mother is trying to do and now after a series of research and studies, she’s now certain with he decision because she knows already the high potentials of bitcoin to succeed in the future.

I don't even know what will benefit the educator for mounting pressure on the newbie to make sure that he invested, putting pressure on someone for an investment that has a high risk like bitcoin will only lead to frustration and disappointments when the market dips and they are loosing their money along gradually, both of you will not be at peace because you would have also made some vain promises about bitcoin to always provide them with the desired profits if they invested.

This isnt only affecting about those personal views and opinions or impressions but also it would really be affecting your personal relationship with someone if you do have that kind of behavior in speaking about forcing out someone on knowing or dealing with Bitcoin or crypto as a whole on which you would be likely to be blamed on on the time that the market would really be giving
some bearish movement and this is something that you should avoid on having some conflicts with other people or the one you do love just because of having that opposition when it comes to interest.

This is why it would really be that ideal that letting them be on what are their views and opinions about Bitcoin on the time that you do make out some explanation and on the time that they do show off some interest then this is the time that you would really be making out some indepth explanation on which they could really easily understand.

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