presuring someone into Bitcoin investment - page 10.

darkangel11

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I wouldn't try to make anybody invest. It's their choice and their risk.

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

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money,

Some months? Feels like a fake story then, unless you mean 8 or more months ago, exactly at the bottom. People who bought a few months ago, meaning less than 8, aren't too happy about the return.

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I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

Benefiting today? I wonder what that means. That she's selling after this recent crash and a few months before the halving? We're in a bear market and you're "benefiting" from the investment?
Congratulations I guess.

zaim7413

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It's hard to convince others with just words without evidence. Naturally, your mother is suspicious and afraid of losing her money at the invitation to invest in Bitcoin because she doesn't know more about how Bitcoin is managed.

After hearing about Bitcoin from your mouth and the news he read on the internet or information found on social media made your mother moved to learn more about Bitcoin. Now that your mother has realized the potential that can be generated from Bitcoin investment, your next task is to direct her to understand more about Bitcoin.

You can invite anyone to invest in Bitcoin, your job is only limited to inviting, then just let that person determine their own direction because you can't force them to be what you want.

Ziskinberg

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But if your mother know that 2 years the price of Bitcoin higher than today, I don't think she was interested but rather heard from her - "it was good that I never listened to you".

Investing in Bitcoin is not for everyone but this is for those who are really willing to take risks. I'd never say that is for those who are willing to lose because we really have to do something in order to earn a profit. But if we take someone because we pressured them, don't get surprised that someday they will talk you back and ask why - there is blame in the end.

Mr.suevie

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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. she thought I'was going to defraud her.because she never hard about Bitcoin investment before. because of that, she was afraid and rejected the idea because of the pressure I was giving to her to invest on Bitcoin. before then, I have told her the benefits of investing on Bitcoin, but she rejected everything. afterwards I never bring up the discussion again to her.

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money, I ask her what happened! I thought she rejected the idea when I introduce it to her some years ago, and it have been long we talked about it. she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

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.

I don't know, how you see it.

I think the part of your mom making research before actually changing is a common thing among people which we try explaining things to because it only when they are curious of what you are telling them that's when the thought of actually making research about it comes but if the person is absolutely ignorant then he or she will totally be ignorant of the idea.

Cantsay

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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.

I don't know, how you see it.

I’m not sure if all that you just wrote are true or some made up story, but did you in anyway ask her what made her change her mind? And with the current price of bitcoin I’m not sure if she’ll still be in the profit side or loss side of the market but I do hope the current market does not discourage her.

For me, when it comes to someone else’s investment I try as much as possible to reduce my involvement I just tell them everything I know about it i.e the good and bad side of it and then advice them to do more research and also as others that have done it before to get their opinion on it and if they still want to go in with the investment then I’ll assist them. But the idea of pressuring them to invest in it sounds stupid to me because if anything goes sideways you’ll be the one to blame.

Bhunter1997

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Bitcoin investment is very broad and has different ways and methods it operates on. So you wouldn’t definitely think you could just convince someone to dangling into it, especially if it’s someone who has never heard of it before.

I remember having similar experiences too. This is an experience I can never forget. In the year 2018 when I was first told about bitcoin, I had a little amount of money with me and looking for a very profitable business to invest this money I had, $300 to be precise. I talked to my neighbor about it and he suddenly suggested I invest in bitcoin. I was like what’s bitcoin and he took time to explain it to me.

Honestly I feared whatever that would lead me to putting my money online because I had fallen victim to a couple of Ponzi scams, so telling me about bitcoin didn’t really sound like a cool investment to me lol. So I didn’t buy the idea. He didn’t really stress on it too much or try too hard to convince me. He only told me the possibilities bitcoin hard to offer and left me to make my decision.

Well in summary I wished I wasn’t so naive and saw the vision and took advantage of it then because I just recently started investing in bitcoin and I’m benefiting from it now and everyday I’m like, what if I started back then in 2018.

lizarder

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

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money, I ask her what happened! I thought she rejected the idea when I introduce it to her some years ago, and it have been long we talked about it. she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

Basically I have the belief that your mother did not get complete information about bitcoin, so there are still doubts in her heart to invest and so on that is faced by many people regarding doubts about bitcoin. If we live in a country that is not friendly with bitcoin it will be much more difficult to introduce it and even the level of technological progress also indicates how far someone has known bitcoin before. So there is a little picture that they get before we introduce bitcoin to him and I see that bitcoin does not need to be introduced in the investment system first but rather provides education about its journey from the beginning until now.

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.

The approach taken must indeed be adjusted depending on how a person's character is and provide space for them to find out what their abilities are, strengths and risks in bitcoin that must be avoided. Forcing and pressing will not work and maybe you have the answer now. You have much bigger responsibilities and if your mother is not given an understanding of price fluctuations then in the future it will cause problems even though the initial investment that your mother made was small.

Husires

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Investing like this is based on emotions, and it is often when the price is high, so you find people optimistic about the price and that it will reach 100,000, but this will not happen while they refuse to buy now on the pretext that the price is very far from expectations.

Do not advise anyone to invest just because you think the price will increase, and do not try to convince anyone to invest in the hope of getting rich. Investment is based on planning and knowing when to invest, why to invest and when to sell, otherwise your dreams may turn into nightmares.

Blitzboy

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As the saying goes, "You can lead a horse to water, but you cant make it drink." Even our closest friends and family members cannot be forced to board the Bitcoin train if they are not ready. Like many other people, your mother required some alone time before boarding.

However, in reality, there is a lot of FOMO surrounding Bitcoin. She came around thanks to your persistence and her own investigation. She's currently rolling in Bitcoin dough, just look at her.

But I must say, my friend, that having patience is a virtue. Regarding not putting too much pressure on others, you're dead on. Let people research Bitcoin on their own, and if it makes sense for them, they'll change their minds. Keep up the good work, and may your cryptocurrency dreams come true.

lovesmayfamilis

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It may be different in other families, but for me, my mother is still my family. To agitate your mother to invest, realizing that she has very little knowledge about Bitcoin, is tantamount to fraud. For your mother, you can buy and give her Bitcoin, telling her all the details of storing and handling it, at first taking full responsibility.
The same applies to all other people. I would not start with colorful descriptions of people who have made a profit, but with those who have lost everything and parsing their mistakes.

mk4

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Or don't tell anyone to invest in anything. You just now have bragging points just because of hindsight as we can already see the results. What if you ended up being wrong? Now you might have your mother and potentially other family members against you because you were pushing your mom to invest in something and you ended up being wrong.

Despairo

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

she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

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.

This is odd, definitely your advice are correct but your story are different from your advice.

Your mother did invest in Bitcoin without let you know, she was greedy to invest big amount of money, it's good if she's making profit, if not? she might blame you or the other person she did ask questions about Bitcoin.

No one should pressure someone to invest in Bitcoin because Bitcoin isn't the only one asset that can be used as an investment.

Abu-Naim

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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.

I don't know, how you see it.

It also depends on the relationship between you and the person you are introducing bitcoin to and how they see or value you in their own lives. Make sure you do not force anyone to invest in bitcoin; you just have to make sure you explain all you want them to know about bitcoin, tell them the risks associated with bitcoin investment, and also tell them the volatility of bitcoin price and the market ups and downs, then allow them to do their own research before making a decision.

yudi09

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

-snip-
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.

The method of convincing a person is different. There are many theories written in books about how to convey and convince others of the targets we want to achieve. In practice, it's up to us. Furthermore, there are two sides of the answer that we will meet after efforts to convey something have been made, namely rejection and acceptance.
Both (rejection and approval/acceptance) are reactions that are born as a result of a conscious process and that is as natural as your mother's refusal to choose to refuse after you told her to be willing to use her money to invest in bitcoin.

Always remember that conveying something that contains risk must be explained thoroughly both positive and negative and never hope that after trying to convey something to others, they must accept and agree with it. Next, let his mind work in making his choice.

Charles-Tim

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

I don't know, how you see it.

It also depends on your reputation. In my family, I told my people to invest and some did. If your parent are the ones taking care of you, they may not believe some things that you tell them. But if you are giving them money sometimes and also they know you have your own money, especially if you earn from bitcoin related businesses, they will believe you.

What I just always tell them is the pros and cons of investing in bitcoin. I told my mother about it and I let her know how she can make profit or lose instead and I let her understood the calculation. She invested.

What that is more important is to let them also know the short term cons. There are some people that their family believe what he or she tells them. And some people may not just be trusted if their parents are the one feeding them or due to what that have happened in the past.

Quote from: ImThour on August 27, 2023, 02:02:01 AM

Two years ago when you asked your mom to invest, price was at $47k. Not sure if you would have safely exited at $60k or not, if not, you will be today at a 50-55% unclaimed loss.

But bitcoin plummeted below $30000 several times in 2021 as well. It all depends on the time the person invested.

m2017

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Quote from: GreatArkansas on August 27, 2023, 03:11:00 AM

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.

This is a must of course. Always have a disclaimer, and always tell them the down side, or the negative side. It's not easy money, so it is always much better to let them decide at the end of the day.
Because for me, if someone asks me about Bitcoin, I explain what is Bitcoin, what is good and bad when yo invest it, how it works, etc. Just don't promise them everything.

There is no easy money, and if they offer easy money, then this is probably a scam and you will lose your money instead of increasing it. This is probably what repels people and makes them doubt when we tell them about bitcoin. In fact, this is a normal reaction in people, because we have all heard about ponzi schemes and pyramid schemes and what it leads to. And when we start talking about bitcoin as a way to increase your wealth, this involuntarily creates an analogy with a scam in their minds. Therefore, you don't need to put pressure on talling about btc and you need to do it very delicately, that the person himself made his own decision, of course, warning him of the possible risks and disadvantages associated with investing in bitcoin. The time will come, they will return to you, like a OP's mother Vasya will be asked to tell about BTC in more detail.

Spaceman1000$

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Is a good thing you talked to your mom about bitcoin and investing in bitcoin, I can relate to the fact that she jettison the idea those first years you brought it to her. Maybe over the years, she has maybe seen or gotten some proof of the that fact that, you where right at some point, so the need to invest now, so she can benefit years to come.
But I'm a bit skeptical about the fact that, she invested $5k some months back, and she's already benefiting from her investment already, we both know the price on Bitcoin has been on a down trend for the past months, so but then I can't really tell the kind of investment she did, but it's all good she has started to enjoying her investment.

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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. she thought I'was going to defraud her.because she never hard about Bitcoin investment before. because of that, she was afraid and rejected the idea because of the pressure I was giving to her to invest on Bitcoin. before then, I have told her the benefits of investing on Bitcoin, but she rejected everything. afterwards I never bring up the discussion again to her.

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money, I ask her what happened! I thought she rejected the idea when I introduce it to her some years ago, and it have been long we talked about it. she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

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.

I don't know, how you see it.

Not only investing in bitcoin, in life we should not force someone to do something they don't like or understand at all. Because maybe that doesn't work for them or we'll be the ones to blame if things don't go as we expected.

Like me, my parents both know I invest in bitcoin and they also know that I make a lot of money from it. But they never wanted to invest in it and I never forced them. They are safe, risk-averse people, so there's no reason for me to force them to follow my lead. Try to put the case where you are forced by others, how uncomfortable you will feel.

LoyceMobile

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LoyceV on the road. Or couch.

Instead of pressuring someone you care about, give it to them if you want them to own Bitcoin. I did that a few times, but stopped for OPSEC reasons.

Nwada001

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Don't force anyone to invest in anything; don't even pressure them, no matter the relationship you have with them, if they say no. Respect their decision as it will be in your best interest, because convincing someone to do what they don't plan on doing might get you into some unexpected trouble, and it can end up jeopardising your relationship and closeness with them as they might likely ask you to pay for any loss that's being incurred as a result of the price dump in the investment you made them make.

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

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money, I ask her what happened! I thought she rejected the idea when I introduce it to her some years ago, and it have been long we talked about it. she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

Your mom invested $5,000 in Bitcoin a few months ago. I don't think it's enough time for her to already start enjoying her investment proceeds as the price of Bitcoin has not really been doing too well over the past few months. If it's to be calculated very well, she might likely still be losing some figures out of her invested amount. And how has she been enjoying it? Has she been making some kind of withdrawal every time? I think she will enjoy her investment more if she can hold on to it for a longer time until the next bull run comes.

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