Topic: presuring someone into Bitcoin investment - page 5. (Read 1242 times)

I agree that ideally the person doing the investing is 100% accountable for what they do. However, if someone persuades someone else into risky investments, the investor can't hold 100% of the blame since the persuader can make it sound lucrative.

If you are also a wise investor, you will not also invest in something that you never know. It is not the reason why we invest blindly because of someone pressuring us but it is due to we simply believe that investment is good and we trust that person. Actually, it is in our hands whether we have to invest or not, not by the decision of others meaning, we don't have to blame that person but rather blame ourselves. Unfortunately, what we do is that we give responsibility to others while it is our money.

Trying to make someone buy Bitcoin or any investment is not a good idea. Why? Well, because these things can be pretty tricky. They can make you money, but they can also make you lose it just as fast. Everyone's got different money goals and how much risk they can handle. So, it's better to let people decide on their own when it comes to investing. Give them the facts, let them think it over, and support whatever choice they make without pushing them into it. That way, they can make the right decision for themselves.

Remember, it's their money and their future, so they should have the final say in how they want to handle it.

The better way to add your friends to the crypto community,you need teach them more about the bitcoin.It’s not a good idea to force anyone to cryptocurrency investment,you can teach both the advantage and disadvantage of the crypto currency.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.

The point you made is very correct. Before we educate and introduce Bitcoin investment to our family, we have to understand it for ourselves first, and of course we have to convey the basic things first so that it is easy for them to understand. After we explain everything, then leave the decision completely to him and don't force his choice.

Maybe these tips can be used to explain Bitcoin to family and parents. As much as possible stay away from technical discussions. Stay away from discussing technical matters about blockChain, etc. For people who are just getting acquainted with Bitcoin for the first time, they only need to know the basics, the whys. We help them find out why. Why should we have Bitcoin. What do we get if we invest in bitcoin, by introducing basics like this maybe they will quickly understand and want to invest in bitcoin.

In the mechanism of wise, investing should be like that, his mother is a careful person in assessing an asset even though the time interval needed is quite long, maybe he also raises money first before investing in Bitcoin, it seems indifferent from the attitude shown, but Little by little he found out, it was better than someone who was interested because of his benefits without knowing the state of the movement of Bitcoin correctly.

Although 2 years ago was a pretty right time because it was close to the formation of a new ATH, but his mother had good wisdom and concern as an investor when acquainted with the new assets offered.
Of course, in Bitcoin must have to be patient to get a profit, if you want to get a quick profit will be quite difficult and can sell at the price of loss because of the market movement if felt every day is boring.

This kind of thing must indeed be avoided considering that people will ask for responsibility from people who forced him to invest when experiencing a price decline not only in Bitcoin, including all assets made into investment places, educating him to understand it is not a problem, related to any decision In its implementation in using Bitcoin it must be returned to the owner of the capital, because it will make a sad attachment if you do such a thing.
The average of the financial advisors that I met they said Dyor after explaining an investment asset or formula, especially for Bitcoin who had high fluctuations, they always said that.

I'm not sure if they're just too optimistic of this industry or if they are just making stories. Indeed if more people will know what and how this industry works, but in such way we are just exposing more people to risk. Let them seek with curiousity and interest. Sharing your knowledge is different from pressuring someone into something they're not familiar with. One's actions are affected by their knowledge and awareness of something. Maybe experienced investors are gaining profit but since they're still new, their decision making in every market price changes would be different as well. Guide them and let them decide wether to continue or not.

I remember, there were similar posts such as this one where people were trying to compel others to learn and invest about BTC.

Remember that this applies to anything- trying to compel someone to learn about a certain subject can result to failure if they are not 100% wholeheartedly invested. If you try to compel them in investing into something they are not keen to begin with, you are just pushing your own ideals to them, without the latter fully understanding on what they are investing on.

Instead of forcing people to learn and invest about BTC, just initiate the topic about them. If they start to ask questions and curious, then that is the time where you can start explaining to them about cryptocurrencies.

You are right. I think it's fine to educate people around about Bitcoin, but never pressure them to become adopters, because if they do this under pressure, they are going to blame you later once BTC price falls and enters another recession. Besides taking responsability for you own investments you will also have to be responsible for the investments of people you pressured to invest in Bitcoin. It simply doesn't worth, because after all, you aren't earning anything with this. However, if you were a financial advisor or manager, then it would be another story, since that would be your profession and there would be a contract containing all risks and potential outcomes for the investor to sign, aware about everything.

Your mother worked very well and through this act she proved that research is must prior to Initiation of anything. Its true that few years ago the price of bitcoin is was low and if she compared that price with recent price then may be regret.

But one better thing about this decision is that if she Put money at that time so she will not be profitable because of unawareness and all you know better that knowledge is key to success. Also she should have utilize little amount because of the higher risk involved in bitcoin investment but not a big deal with patience she can recover payment as well as can get huge amount as a profit.

But sometimes there will be people who want to learn about bitcoin but are afraid to ask, what should we do? In my opinion, it is not a bad thing for us to mention bitcoin first or automatically introduce it to people first, especially to our relatives. But one thing is that we should try to observe them, if they are interested in our story then we should continue. And if they show no interest, we should stop. Introducing bitcoin is not necessarily bad, but never force them to like our idea if they don't like it.

I think if the person asks you about it then you should help them, but if nobody asked you about then you shouldn't really pressure them into talking about it.

For example, if someone comes in and asks you where they can buy bitcoin from, then you have a right to reply to them and that makes sense, but if they come in and ask you how you are doing, and you start talking about how bitcoin has been low lately and you are excited about getting more so that it would go up back to where it was and all that, suddenly you are promoting bitcoin to someone who doesn't want to hear it. That's why it is important and you should not be doing that. Just talk to people who are already willing to talk about it, otherwise do not do it.

You can educate someone about the crypto space and the benefits that goes with it but, do not pressure someone into bitcoin investments as bitcoin is not in anyway responsible for how people use it. Because of its pseudoanonymity, people use bitcoin for loads of unethical programs that requires people to invest their hard earned money without any form of regulations.

These schemes are not the main intent of bitcoin and the blockchain technology, they only use bitcoin as a way of transacting financially. If things goes south, it further destroys the futuristic idea of involvement in the crypto space.

Yes absolutely right, we shouldn't pressure anybody to invest in Bitcoin because is not a most for any body to invest, if any body really wants to know about Bitcoin the person will go to those who already knows about Bitcoin or do their own research about Bitcoin.
Pressuring someone to invest in Bitcoin is a suicide mission because even you that is convincing the person to invest in Bitcoin have no guarantee of the person success and if the person invested in Bitcoin because of how you pressure him or her to invest in Bitcoin and if the person lose his money on Bitcoin your trust to the person will be gone and the person will go around to spoil your name, so not pressuring anybody to invest in bicoin is the best idea, let them find their way in or come to you for your own idea.

However, what compels us to expend our precious time persuading others to invest in bitcoin, without reaping any  benefits from doing so? They invest in bitcoin, means they are looking for profit for themselves, if they don't believe in it, they will losing their own opportunity. So, in my opinion, instead of spending time advising or convincing others to invest in bitcoin, we should spend time on our own investment. Because as you said, as long as they see the results we achieve, they will automatically trust us without needing to spend much time convincing.

And aside from that - it was pretty hard to convince someone to invest in Bitcoin or in crypto when they never see how it changes your status. Some people just believe in a certain investment based on what they saw us, they believe in those people who can show results, not just words which is somewhat hard for Bitcoin.

This is why I don't tell anyone of my friends to invest in Bitcoin. Even though they that I was in crypto already but never I encouraged them to try because I didn't want to take responsibility for whatever happened to them when they were involved in this.

It's quite difficult, especially since they never knew about crypto or anything like that.
Ordinary people will think that Bitcoin or digital currencies that have no physical presence will disappear and are worthless.

In my neighborhood, Bitcoin or Crypto is only seen as a coin that does not have any influence, only as a toy.
They don't understand what Bitcoin really is, or what crypto is, so we as users who understand must provide good initial education, and explain briefly and clearly.

It cannot be forced, because everyone has their own choices.
If they are not interested, then that's it.
If you still insist on investing in crypto or bitcoin, when there is a loss, those who invite will be the main target for why they experience losses.

how can someone create pressure or encouragement to invest? and how can it lead to legal action?
you have to distinguish between encouragement in the form of solicitation or motivation or even just a suggestion to invest in Bitcoin with pressure in the form of coercion that can enter into a threat. It can be taken legal action or criminalized.

in the context of the OP, it's his family. which means that the pressure in question may be related to discussions from families who really like investment. Not being sure is normal, but how can a person who is not sure finally become sure by himself?

Like you said in one of your thread that you invested in Bitcoin since 2017 and you pressured your mom to invest in Bitcoin two years back that is 2021 I think so, I believe with out you pressuring your mom to invest in Bitcoin two years back I believe with your achievements as you claimed your mom will see it and invest in Bitcoin, anyway is a pity that your mom doesn't trust you as she think that you will fraud her of her money.
Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.

Investment is a system where the investor takes responsibility for all his risks. An investor here will never invest on Bitcoin under pressure or on impulse. Investing in Bitcoin is done at the investor's own risk. If someone asks to invest here by creating pressure, then he must take legal action against the person who created the pressure. Because investing in Bitcoin must be voluntary and planned.