Topic: presuring someone into Bitcoin investment - page 11. (Read 1220 times)

To begin with, I doubt whether you made up that story, but since I can't verify it, I'll give you the benefit of the doubt. Pressuring people to invest in anything tends to backfire badly, and even worse if they are family members. If they make money they will think they were right to invest in it and if they lose money they will blame you.

The worst part of your story is that you only focus on whether the price goes up or down, not on the real good things about bitcoin, like not being dependent on third parties to hold it or send it to the other side of the planet.

And what makes the possible veracity of your story very weak is that you say she invested a few months ago and is now enjoying the benefits. The price in recent months has been flat or even falling.

The refusal made by your own mother to your invitation to invest in Bitcoin is an effort that is not wrong at all mate, because besides your own mother who still doesn't know what Bitcoin is, she also has never made that kind of investment in her life so she prefers to refuse. your invitation even though you are his own child. And I think your mother has done a pretty wise thing by rejecting your invitation even though you have explained to her quite fully about Bitcoin. Because maybe after your mother heard about Bitcoin through her own children, she should take the time to find out about Bitcoin herself through the people she knows around her and through the internet or other supportive environments.

This means that after several years, your mother finally believes in Bitcoin and immediately makes the decision to invest in Bitcoin. This is indeed a bit of influence and encouragement from the research and questions he asked other people about Bitcoin so that he started to become enlightened about things related to Bitcoin. That's a pretty wise decision and it doesn't mean your mother didn't believe you before because she just wants to have time to find out for herself what you've told her through other people.

That is indeed a very extraordinary lesson in your life and also your own mother, because she was able to arrive at a very good belief after hearing a lecture from her own child. And another lesson I can learn from your story is don't immediately tell other people to invest in Bitcoin after we explain more about Bitcoin to other people, because basically everyone needs time to believe, to understand and to make decisions in their life. on what he already knows from other people or his own relatives. Because when someone has started to believe in what we said before, he will look for ways to be able to invest in what we have said or suggested before.

I see this as a story that I have never come across in my life before.

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.

You have just answered to your question in your ending paragraphs. Don't pressurize, persuade or force anyone to Bitcoin, not even a family member. Our ability to take on risks is different. Bitcoin also needs consistency and understanding. It also needs deliberate decision making process. Like everyother business, Bitcoin has its risks that everyone investing in it must be ready to face including your mom.

However, introduce the person to books, articles and researches that x-ray the Bitcoin technology then allow the person makes their choices.

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.
In my honest opinion, you should never force anyone to invest in any thing. be it crypto or be it any asset in the world. Also, do not invest more than what you can't afford to lose.
And you yourself should do some research and always try to find out negatives more instead of just false hope.

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.