The lesson is you should never speak about financial advises to anyone as long as you are accountant, CA, broker or some other form of expert investor. If it is going to be common or regular investor status then be it, just have your personal investments. Don't talk about it to anyone don't let others know about it. This is even better since you can preserver your anonymity status in the world of bitcoin and have more confidence on your own investment. If you are going to just brag about it everywhere then devil eyes gonna come look for you and worst things can happen when it comes to Bitcoin holdings.
As far the investment and pressurizing it to your mother was really bad move mate. I can never imagine myself forcing my mum into something she doesn't understand at all? Even before that always remember above points about privacy of investment and then only ask someone else to get into it. Or rather avoid it and let them be themselves.
Topic: presuring someone into Bitcoin investment - page 7. (Read 1220 times)
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.
The grand visions take time to understand. Anyone who can afford to move will move
But something tells me he's learning one right now
The biggest lesson we can learn in The crypto space is "Patient".
The sooner we spend time and study, the sooner we will get it and come on board.
And there are many missed opportunities that we'd spot with a wider lens.
You just manage to invest when the market is bull run and good thing about it but if you make a mistake that investment crash the market I guess you can make it again because it's a large possible loss. Seems you have made a profit already I guess you will learn from the possible mistakes for your next investment to secure another good position. Actually, there's nothing wrong with asking for parents investment but I guess it's good if you can earn on your own and not be dependent on their decision.
Well, it's just a simple matter because after telling them the truth and sharing with them real information containing bitcoins and its basics and also some preventive measures on how to protect themselves from scammers and frauds, all you need to do is free yourself from any blame like clearing everything that you don't ask them to invest rather you don't recommend it until they fully understand what's the risks and also the volatile should also be explained well for them in order not to get surprised when they witness the bloody crypto market for the first time because they will get shocked when they see it and some negative news will also follow after it so you better be good when explaining it all to them because if you can't do it well, it's just better to shut your mouth because the harm is big than the benefits you can give them.
We all know that bitcoin is good but people who are not well experienced about bitcoin don't want to understand even if we teach them. Since you told your mother about Bitcoin years ago and expressed interest in investing but your mother rejected them. But since your mother spent a long time doing research, she may have used that time and called you later to be interested in investing. However, we have seen many people who initially spoke negatively about Bitcoin and later became interested in full-fledged investment after doing research. But nowadays most of the people are most interested in investing, you will see people in present age if they are told about bitcoin they easily understand it and invest. But I think it's better not to force people if they don't agree to invest after telling them enough about Bitcoin. Although initially rejected when they were taught about Bitcoin, it was later seen that after thorough research, they again thought positively about Bitcoin and expressed interest in investing.
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.
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.
In general, everyone has investment strategy that pesonally suits expectations, that's why it's actually no use to convince people to invest money into any project. Everyone has own motivation towards investment plans. Most people don't trust crypto since there is no mass use of crypto payments, I think that it can only change with time... Until that, a lot of people will prefer to have fiat money instead of investing in crypto.
i remember my friend a few months ago i told him about btc and i explained about the risks of investing in btc and the benefits of investing in btc, and my goal was to tell him about btc because he asked me about btc and what is btc? then I explained the advantages, but he was not interested because he saw that investing in btc was very risky.
but one last Sunday he came to me and said that he had learned a lot from the internet about btc and finally he decided to invest in btc, and he was also very happy when I told him that in 2024 there will be a btc halving.
so your experience is very good so i think we can tell someone about btc, as long as we have to explain about the risks of investing in btc and the benefits of investing in btc.
We can tell our experiences and stories to anybody that we know. But only tell it to the people that you really know and not to the random people out there. Because still, you need to be careful to whom you're telling your personal story about bitcoin to avoid the personal attack. Yes, we're optimistic to tell our great bitcoin experience and stories to anybody but don't forget about news like this.but one last Sunday he came to me and said that he had learned a lot from the internet about btc and finally he decided to invest in btc, and he was also very happy when I told him that in 2024 there will be a btc halving.
so your experience is very good so i think we can tell someone about btc, as long as we have to explain about the risks of investing in btc and the benefits of investing in btc.
(https://cointelegraph.com/news/5-wrench-attacks-appear-to-be-on-the-rise-in-the-crypto-community)
i remember my friend a few months ago i told him about btc and i explained about the risks of investing in btc and the benefits of investing in btc, and my goal was to tell him about btc because he asked me about btc and what is btc? then I explained the advantages, but he was not interested because he saw that investing in btc was very risky.
but one last Sunday he came to me and said that he had learned a lot from the internet about btc and finally he decided to invest in btc, and he was also very happy when I told him that in 2024 there will be a btc halving.
so your experience is very good so i think we can tell someone about btc, as long as we have to explain about the risks of investing in btc and the benefits of investing in btc.
but one last Sunday he came to me and said that he had learned a lot from the internet about btc and finally he decided to invest in btc, and he was also very happy when I told him that in 2024 there will be a btc halving.
so your experience is very good so i think we can tell someone about btc, as long as we have to explain about the risks of investing in btc and the benefits of investing in btc.
Snip
It seemed that this was just a staged story because there were many suspicious and unconvincing details. But OP wanted to convey to people that it is not advisable to force someone to invest in bitcoin if they do not know anything about it. It can be said that the story is fake but this message is something we need to remember and pass on to everyone. I have seen a lot of young people who have no money but do not want to work to earn money to invest but force or lie to their parents to have money to invest in bitcoin. This is extremely bad because it will put pressure on the parents when they know nothing about bitcoin and are not ready to invest.
If that is the case he shouldn't post as something that is original rather op should make this post looks more like an advice to people by then we count it as an advice instead cooking it up to form a (superstitious) stories.
I know it's very hard for some to come up with a good story but in the case of op is different considering fact that he said the mom are still enjoying the benefits till date, do you look into that aspect?
I think those people who bought at then are still facing lose and they are praying for the market to come back the previous price in order for them to get back their lost funds (capital).
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.
The best thing to do to stay away from problem with people is to keep the mouth shut never to say anything about investment with any one because it can lead to serious conflict between family and friends. If the result comes out bad they just believe they took the decision to invest because of your advise, and this can cause or lead to the loss of trust. People need to be careful how they go about investment discussions with family and friends not to pressure anyone about investment, people have the right to make their decisions how they want their money to be spent.
It is wrong to put pressure on someone to buy Bitcoin, just do the talking and leave the person to give it a thought or do some research and get back to you. If the person show's interest thereafter fine, if he/she does not still fine. A situation whereby you kept pestering the person about it, the person might begin to think you have an ulterior motive.
I have a friend who after many attempt, finally convinced his mom to invest in stock, the mom used a sizeable amount of her money to buy the stock. After some years the stock price crashed and she lost her investment. Whenever this subject comes up she's feels really bad and she blames her son for it. The take home from this story is never pressurizing anyone to invest any business especially a family member.
Exactly, generally in investing everyone has different ways, and if you invite someone to follow in your footsteps maybe for the sake of something better maybe that's good, but if you invite him with a force then obviously it's not right, and better not to do it. Previously you must remember that investing, especially in Bitcoin, has risks, indeed I understand that the profit is quite large but it will also always coexist with a high level of risk. I don't prohibit you from teaching someone, but it's true as you say, before you invite him you have to explain everything in detail about the benefits and risks that are there, and if you have done that then give them time, or let the person you invite to think and consider it first, because only he knows about what is best for him.I have a friend who after many attempt, finally convinced his mom to invest in stock, the mom used a sizeable amount of her money to buy the stock. After some years the stock price crashed and she lost her investment. Whenever this subject comes up she's feels really bad and she blames her son for it. The take home from this story is never pressurizing anyone to invest any business especially a family member.
Well obviously, and if you choose to keep pushing them then don't be surprised if for example one day they experience a loss and the first person they will blame is you.
Why not ask her for some money and if she asks you what you want to use it for, tell her you want to use it to invest, you don't have to give her more details, I don't know how old your mother is but women are not always strong at mind when it comes to investment, if a man is ready to invest in 10 different assets around the world, either online or offline, women are always known to invest maybe in just 1 or none, the risks that men are willing to take, believe me, most women are not ready for it.
I learned this from my father when I was very young, and when I started my crypto journey, the only person that thought that I would lose and come back with zero results was my mother, women tend to believe only after you come back successfully.
Not until I made a big change in my life, that's when my mother started believing in my dreams, that's when she believed that Bitcoin was not a scam.
I learned this from my father when I was very young, and when I started my crypto journey, the only person that thought that I would lose and come back with zero results was my mother, women tend to believe only after you come back successfully.
Not until I made a big change in my life, that's when my mother started believing in my dreams, that's when she believed that Bitcoin was not a scam.
telling anyone about bitcoin is of course fine as long as we explain it properly and wisely and don't force someone to invest in btc.
True but not necessarily the best thing to do imo, telling them the stuff they need to do should be a thing that they should do themselves, my responsibility is just to show results and the market history of bitcoin and have them decide what to do next, if that's enough for them to get into bitcoin or not. Forcing someone to like or get into something haven't been a good thing for all of human history, the resistance that it elicits makes it difficult to push your agenda which would be useless no matter how good your intent is.
It is wrong to put pressure on someone to buy Bitcoin, just do the talking and leave the person to give it a thought or do some research and get back to you. If the person show's interest thereafter fine, if he/she does not still fine. A situation whereby you kept pestering the person about it, the person might begin to think you have an ulterior motive.
I have a friend who after many attempt, finally convinced his mom to invest in stock, the mom used a sizeable amount of her money to buy the stock. After some years the stock price crashed and she lost her investment. Whenever this subject comes up she's feels really bad and she blames her son for it. The take home from this story is never pressurizing anyone to invest any business especially a family member.
I have a friend who after many attempt, finally convinced his mom to invest in stock, the mom used a sizeable amount of her money to buy the stock. After some years the stock price crashed and she lost her investment. Whenever this subject comes up she's feels really bad and she blames her son for it. The take home from this story is never pressurizing anyone to invest any business especially a family member.
I simply agree. You cannot force people to be interested in something because it will only do the opposite, they will feel intimidated and will lose interest. Instead, make them curious and be simple about it. Introduce the general idea and let them ask questions, encourage them to do their own research, and take their own time. Soon enough they will be the one to take the first step and approach you for more. It's like giving our a trailer to your target individual, teasing them and making them curious of what is more to what you showed them.
My question is whether previously OP taught, made or told his mother to make a Bitcoin wallet and also the methods. Because to buy or use your mother's Bitcoin you must have a Bitcoin wallet first.
If not, then OP's mom is great because she can do it herself and also do her own research.
And my advice, never pressure or force anyone including families to get involved with Bitcoin, and let them create their own. Because this has a risk that they have to accept if it doesn't match expectations and will blame you, if they ask for it themselves. So it doesn't hurt to tell and provide explanations as simple as possible so that they are easily understood and interested, as well as provide some useful links, YouTube or others related to Bitcoin so they can read them carefully and also study them.
If not, then OP's mom is great because she can do it herself and also do her own research.
And my advice, never pressure or force anyone including families to get involved with Bitcoin, and let them create their own. Because this has a risk that they have to accept if it doesn't match expectations and will blame you, if they ask for it themselves. So it doesn't hurt to tell and provide explanations as simple as possible so that they are easily understood and interested, as well as provide some useful links, YouTube or others related to Bitcoin so they can read them carefully and also study them.
Sorry to spoiled your show to me this is more like a cooked and generated story that has no atoms of truth and evidence in it.
Why? Because you can tell your mom about bitcoin investment two years and she called to invest and started making benefits. Bro two years ago bitcoin was high and anyone who had ventured into investment is still running at lost and there is no benefits all less she's trading with it and besides $5k is huge enough for someone who don't know anything about bitcoin to raise such amount considering the risk factor, what do you think could be the result after haven known that she's at a huge lost?
Why? Because you can tell your mom about bitcoin investment two years and she called to invest and started making benefits. Bro two years ago bitcoin was high and anyone who had ventured into investment is still running at lost and there is no benefits all less she's trading with it and besides $5k is huge enough for someone who don't know anything about bitcoin to raise such amount considering the risk factor, what do you think could be the result after haven known that she's at a huge lost?
It seemed that this was just a staged story because there were many suspicious and unconvincing details. But OP wanted to convey to people that it is not advisable to force someone to invest in bitcoin if they do not know anything about it. It can be said that the story is fake but this message is something we need to remember and pass on to everyone. I have seen a lot of young people who have no money but do not want to work to earn money to invest but force or lie to their parents to have money to invest in bitcoin. This is extremely bad because it will put pressure on the parents when they know nothing about bitcoin and are not ready to invest.
telling anyone about bitcoin is of course fine as long as we explain it properly and wisely and don't force someone to invest in btc.
Your story is very interesting because your mother got interested in investing in btc after she did some research.
so your struggle in explaining btc to your mother has succeeded friend...
Your story is very interesting because your mother got interested in investing in btc after she did some research.
so your struggle in explaining btc to your mother has succeeded friend...
Sorry to spoiled your show to me this is more like a cooked and generated story that has no atoms of truth and evidence in it.
Why? Because you can tell your mom about bitcoin investment two years and she called to invest and started making benefits. Bro two years ago bitcoin was high and anyone who had ventured into investment is still running at lost and there is no benefits all less she's trading with it and besides $5k is huge enough for someone who don't know anything about bitcoin to raise such amount considering the risk factor, what do you think could be the result after haven known that she's at a huge lost?
Why? Because you can tell your mom about bitcoin investment two years and she called to invest and started making benefits. Bro two years ago bitcoin was high and anyone who had ventured into investment is still running at lost and there is no benefits all less she's trading with it and besides $5k is huge enough for someone who don't know anything about bitcoin to raise such amount considering the risk factor, what do you think could be the result after haven known that she's at a huge lost?
Investing is risky, especially with bitcoin that makes it more risky due to its high volatility. And that’s the reason why there’s a need for an intensive research first and studies before deciding to invest. So never think that when you teach someone into bitcoin, he’ll automatically bite your offer and greedily invest in bitcoin. If someone does that, without taking some time to prepare himself financially and emotionally, then its future will be uncertain. And most likely, he will end up losing and regretting.
Probably that’s what happened exactly to your mother OP. She knew that having a quick decision to invest is never wise. So she made herself ready first by studying bitcoin and all its pros and cons, and finally come up with a decision to take the risk investing in bitcoin. At least she knew in the end, she’s responsible enough whatever the result of her final decision.
Probably that’s what happened exactly to your mother OP. She knew that having a quick decision to invest is never wise. So she made herself ready first by studying bitcoin and all its pros and cons, and finally come up with a decision to take the risk investing in bitcoin. At least she knew in the end, she’s responsible enough whatever the result of her final decision.
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