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.
Topic: presuring someone into Bitcoin investment - page 3. (Read 1225 times)
Create the seed of curiosity in their mind. Never put pressure. Once they try it out on their own, they will understand the value of it. We humans have been like this since the beginning. Curiosity creates the idea to explore and by exploring, we learn new things. When people pressure us to do something that we have no idea about, we tend to avoid it as much as we can. But when we explore that on our own, we get attached to it more than others.
Curiosity is the best choice to teach someone about something. Let them do it on their own and if they get stuck at some point, then you can teach them. Otherwise, all your effort will be for nothing.
Curiosity is the best choice to teach someone about something. Let them do it on their own and if they get stuck at some point, then you can teach them. Otherwise, all your effort will be for nothing.
I don't know, how you see it.
The decision of your mom is right. You can't force anybody to be involved in Bitcoin to make an investment in Bitcoin. It A human nature not to believe until they do their own analysis, In this case, your mom first does not accept but when she hears from another person she believes. Bitcoin needs consistency and patience if you force someone then maybe he will work for just one or two days and then he will be bored because you force him to do this instead if you tell them nicely what is bitcoin, how it works, its benefits and also your profits are taken from bitcoin then I think your words will effect on him and will start some research on bitcoin and at last he start investing in bitcoin. 
I will advice such method should never be repeated, forcing her is more of putting her life at risk, it is better to introduce it then let her find reasons by herself. If there was a crash after that investments, I hope you know the health condition you would have thrown her into and the thousands of blame that will be on your head. As new beginner, investing what you can afford to loose is the best, profit should not be the priority if one can not manage the loss when it happens
In analogy, this is true, because when someone wants to do a job without any coercion from other parties, he will definitely be very comfortable doing it and will accept every consequence. However, profit will remain his priority because that is the main goal that must be achieved after going through several things before it is achieved, because the problem of losses that might occur in his work is clear to him and he is also definitely ready to face it.
Coercion of any kind is not good, but it also won't affect someone's life if the work is for the crypto space or Bitcoin. Because those who have wise thoughts, of course have thought about the risks that could occur so that they will be sufficiently prepared for this and will not be surprised when it comes to them, and their health will also be well maintained.
Although your emphasis on "wise thoughts" and readiness is important, it does not provide protection from systemic vulnerabilities. For instance, few individual users could have anticipated the risk that led to the Mt. Gox disaster. As a result, while each player must take responsibility for their own actions and results, everyone involved must work together to protect the ecosystem against fraud, hacking, and false information. Even in the crypto space, nobody is an island.
If they agreed to join the cryptocurrency trading,then help them how to trade the cryptocurrency.Because they are going to inverse their hard earned money,you should not give any financial advice to anyone.The most important for the trader is they need to wait till the price back to the all time high for profit.
How do you intend to help one to trade?? Is by telling the person what to do in trading or you take the trading upon yourself by trading for the person and what if the trade don't come out with a good result, what will be the expectation of the person. You can decide to share some trading knowledge with the person, the persons interest on trading should trigger him/her to go further to get to more knowledge. I don't really buy the idea to help a beginner to trade rather it is better to share helpful tips that can the person to trade. I will advice such method should never be repeated, forcing her is more of putting her life at risk, it is better to introduce it then let her find reasons by herself. If there was a crash after that investments, I hope you know the health condition you would have thrown her into and the thousands of blame that will be on your head. As new beginner, investing what you can afford to loose is the best, profit should not be the priority if one can not manage the loss when it happens
In analogy, this is true, because when someone wants to do a job without any coercion from other parties, he will definitely be very comfortable doing it and will accept every consequence. However, profit will remain his priority because that is the main goal that must be achieved after going through several things before it is achieved, because the problem of losses that might occur in his work is clear to him and he is also definitely ready to face it.
Coercion of any kind is not good, but it also won't affect someone's life if the work is for the crypto space or Bitcoin. Because those who have wise thoughts, of course have thought about the risks that could occur so that they will be sufficiently prepared for this and will not be surprised when it comes to them, and their health will also be well maintained.
Putting pressure on someone does not lead to good results. A person must understand for himself that investing in bitcoin is a great advantage, he must want it and look for ways to learn it himself. People do not appreciate when they receive something from others without putting in their own effort. And even more so, they don't appreciate when they are forced to do something, even when they like the result in the end. Gratitude from such actions is definitely not to be expected.
It is pretty true. We just need to share necessary information about Bitcoin. And we must tell all the facts of it, don't preach someone based on our own opinion. Show the positive and negative sides, too. So, when he/she realizes the advantage and disadvantage of it, he/she won't be so surprised. It is really important. Because if we don't tell honestly and just tell the advantage, she/he will be disappointed when she/he knows the negative side.
Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.
If a person shows interest in bitcoin and needs help, then we need to do everything in our power to help him. And do not think that this is a risky purchase and a person can lose money on it, because in the end it may turn out that this person will take advantage of this opportunity much better than us. And to take the initiative, with regard to bitcoin, it is not worth it, let it be a conscious decision.Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.
Well, it's still kinda risky, and you should say that before making someone buy Bitcoin. It's always better when you DYOR, and we should teach others to do the same.
It is pretty true. We just need to share necessary information about Bitcoin. And we must tell all the facts of it, don't preach someone based on our own opinion. Show the positive and negative sides, too. So, when he/she realizes the advantage and disadvantage of it, he/she won't be so surprised. It is really important. Because if we don't tell honestly and just tell the advantage, she/he will be disappointed when she/he knows the negative side.
Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.
If a person shows interest in bitcoin and needs help, then we need to do everything in our power to help him. And do not think that this is a risky purchase and a person can lose money on it, because in the end it may turn out that this person will take advantage of this opportunity much better than us. And to take the initiative, with regard to bitcoin, it is not worth it, let it be a conscious decision. Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.
it is very difficult to convince someone if they don't know about it, especially when it comes to money matters until they learn for themselves and make their own decisions. This makes many people too late to realize something big in front of them and it also makes many people regret it.
Until now, I have also stopped short of actually convincing people that bitcoin is a good investment. I prefer to tell them to do their own research, so that when they're interested, they can ask me, and if not, I don't put much effort into it. Well, I have also done the same thing to other people, but they think that bitcoin is a gambling tool.
Until now, I have also stopped short of actually convincing people that bitcoin is a good investment. I prefer to tell them to do their own research, so that when they're interested, they can ask me, and if not, I don't put much effort into it. Well, I have also done the same thing to other people, but they think that bitcoin is a gambling tool.
When encouraging people to invest in bitcoin, i prefer to talk more. Most people don't like to do research and are tempted by what they hear from others. It's wiser to talk about the attractive aspects of bitcoin instead of pressuring them.
When you talk more about the attractive part, then you are getting everything wrong. Why will you talk more about the attractive part just to encourage people to invest in bitcoin? What if things go wrong after investing, and those people to whom you introduce bitcoin don't know about the necessary things they need to know about bitcoin? Because you want someone to invest in bitcoin, that doesn't mean you won’t tell them the facts, you have to tell them that they can lose money in bitcoin investment. You shouldn’t just focus on profit alone in case if loss comes in, they won’t be surprised or disappointed.Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately, they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.
I will advice such method should never be repeated, forcing her is more of putting her life at risk, it is better to introduce it then let her find reasons by herself. If there was a crash after that investments, I hope you know the health condition you would have thrown her into and the thousands of blame that will be on your head. As new beginner, investing what you can afford to loose is the best, profit should not be the priority if one can not manage the loss when it happens
$5k is not such a huge amount of money, but then, its still pretty sum of money I wont be happy to lose, not going to say that investing in bitcoin come with a guaranteed profit, but then, I have my personal believe that anyone investing in bitcoin will hardly lose their money, as long as they are investing for the long term, and also not trading with the bitcoin, that is selling at a bit higher price in order to buy more back at a cheaper price, doing this is risky most especially for newbies who are yet to really understand the in and out of trading, so yeah, as long as they don't engage in this activity, chances of losing in bitcoin investment is very rare, as long as the investor invested for the long term.
Yes, however 5k is a lot of money. And when it comes to crypto investments, Bitcoin has the lowest risk of any altcoin. To be honest, I don't recommend trading for beginners, because it is riskier than holding bitcoin for a long time.
Maybe I can't recommend anything to him, and I hope he also has his own analysis with 5k to invest in bitcoin. But, maybe he can buy bitcoin in stages, so that if the price of bitcoin falls he can buy it again with the remaining money
I would classify $5k as a huge amount of money as I am already in a poor country, but no matter what you are right, as long as you go for long-term holding, there is a higher percentage that you'll be earning profit only if you are patient enough to hold it for a few years because, checking the historical data, you've seen that year by year, the price of Bitcoin goes up, so just imagine it will still continue the trend and the cycle, so it is a sure-win situation.
In my opinion, 5k is a lot or a little depending on our finances and our monthly income. But the more invest, the bigger the return, sometimes in life we may need to bet for a better future
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.
When you persuaded your mother to invest in bitcoin, I don't know what the price of bitcoin was at that time. But maybe at that time the price of bitcoin was quite expensive, and now the price of bitcoin is quite cheap. So maybe you're lucky that you and your mom haven't bought bitcoins yet, and now that your mom has agreed to invest in bitcoins maybe this is the right time. Bitcoin has a low price and will soon be halved
Apart from the potential profits of investing in bitcoin, you also need to consider the possible lose. But from your story, your mother has been researching bitcoin until she finally agreed to invest 5k. For me that's a lot of money, I hope you get profit from the investment you make
I would classify $5k as a huge amount of money as I am already in a poor country, but no matter what you are right, as long as you go for long-term holding, there is a higher percentage that you'll be earning profit only if you are patient enough to hold it for a few years because, checking the historical data, you've seen that year by year, the price of Bitcoin goes up, so just imagine it will still continue the trend and the cycle, so it is a sure-win situation.
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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.
When you persuaded your mother to invest in bitcoin, I don't know what the price of bitcoin was at that time. But maybe at that time the price of bitcoin was quite expensive, and now the price of bitcoin is quite cheap. So maybe you're lucky that you and your mom haven't bought bitcoins yet, and now that your mom has agreed to invest in bitcoins maybe this is the right time. Bitcoin has a low price and will soon be halved
Apart from the potential profits of investing in bitcoin, you also need to consider the possible lose. But from your story, your mother has been researching bitcoin until she finally agreed to invest 5k. For me that's a lot of money, I hope you get profit from the investment you make
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.
When you persuaded your mother to invest in bitcoin, I don't know what the price of bitcoin was at that time. But maybe at that time the price of bitcoin was quite expensive, and now the price of bitcoin is quite cheap. So maybe you're lucky that you and your mom haven't bought bitcoins yet, and now that your mom has agreed to invest in bitcoins maybe this is the right time. Bitcoin has a low price and will soon be halved
Apart from the potential profits of investing in bitcoin, you also need to consider the possible lose. But from your story, your mother has been researching bitcoin until she finally agreed to invest 5k. For me that's a lot of money, I hope you get profit from the investment you make
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.
It is pretty true. We just need to share necessary information about Bitcoin. And we must tell all the facts of it, don't preach someone based on our own opinion. Show the positive and negative sides, too. So, when he/she realizes the advantage and disadvantage of it, he/she won't be so surprised. It is really important. Because if we don't tell honestly and just tell the advantage, she/he will be disappointed when she/he knows the negative side.Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.
-snip-
Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately, they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.
Losing money just because they sold it, if they didn't sell when the price dropped then there would be no loss. Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately, they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.
And about being brainwashed maybe they don't know any risks that will occur in Bitcoin investment.
They really have to learn fully in order not to lose money on Bitcoin easily. Just need to hold and profits will come.
Some people start to dislike Bitcoin because they have been harmed by Bitcoin, of course, it becomes a negative view of Bitcoin because of the lack of education on how to invest well and what the risks are.
Bitcoin has great potential to grow after a bear market like today, and when that time comes then those who say that bitcoin is a fraudulent investment or something like that will understand that they don't have any knowledge about Bitcoin.
When encouraging people to invest in bitcoin, i prefer to talk more. Most people don't like to do research and are tempted by what they hear from others. It's wiser to talk about the attractive aspects of bitcoin instead of pressuring them.
When you talk more about the attractive part, then you are getting everything wrong. Why will you talk more about the attractive part just to encourage people to invest in bitcoin? What if things go wrong after investing, and those people to whom you introduce bitcoin don't know about the necessary things they need to know about bitcoin? Because you want someone to invest in bitcoin, that doesn't mean you won’t tell them the facts, you have to tell them that they can lose money in bitcoin investment. You shouldn’t just focus on profit alone in case if loss comes in, they won’t be surprised or disappointed.Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately, they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.
It will take at least two years for your mother to learn all the advantages that can be obtained from investing in Bitcoin. Your mother's interest in wanting to invest in Bitcoin is 10% from your invitation two years ago and 90% from her curiosity about your invitation. Imo.
At first he didn't realize the potential that could be generated from investing in Bitcoin, after you asked him to invest, he started learning little by little about Bitcoin. Now that he is mentally prepared, of course his decision is based on an understanding of all the risks that could occur. Guide your mother to become a successful investor, her confidence will make it easier for her to be independent in investing even when you are not by her side.
At first he didn't realize the potential that could be generated from investing in Bitcoin, after you asked him to invest, he started learning little by little about Bitcoin. Now that he is mentally prepared, of course his decision is based on an understanding of all the risks that could occur. Guide your mother to become a successful investor, her confidence will make it easier for her to be independent in investing even when you are not by her side.
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