presuring someone into Bitcoin investment - page 8.

Weawant

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Quote from: Smartgoat on August 27, 2023, 12:45:53 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's a good thing she didn't invest in Bitcoin back when you were telling her about it because back then she didn't understand it and she would have lost so much money due to the dump in the market as we entered the bear season and she would had blamed you for it.

She could have sold her investment and exited the market because she would had been making losses without understanding what's going on but because she has done her own research, if the market was to dump now, she won't be panicking because she understand.

We shouldn't force people into investing in Bitcoin or they'll blame us when they don't get what we told them they'll get when they invest in Bitcoin due to the market changing from bullish to bearish. Investing in Bitcoin should be a personality decision so we don't blame others

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Quote from: xSkylarx on August 28, 2023, 05:37:31 AM

For sure, if your mother invested 2 years ago, she would get angry with you because the first price of Bitcoin 2 years ago was bigger than the current price, meaning you've lost money on it around 40%, which probably mocks you about it.

She will definitely get mad on him if he has introduced it way back then and forced his mom to invest.

Quote from: xSkylarx on August 28, 2023, 05:37:31 AM

So before telling someone, not only pressurize them but also ensure them that there is a probability of losing all your money because of it so that they are aware and not just seeing the huge price of it.

That's what they don't want to hear. When the market is up and green, they don't want to hear such negative reality from the person who introduced Bitcoin to them. But that's the right thing to do. When you're talking about the volatility of Bitcoin to them, it has to be precise and truthful and not just trying to attract them. We're not going to sugar coat our words just for them to get convinced, we don't need to convince them. We tell what Bitcoin is and its reality and up to them if they're going to study and research before investing.

Woodie

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Op seeing how this bitcoin investment ended with a happy ending, let's just say count yourself lucky!!!
I say lucky because you persuaded your Mom into investing in an asset she had no interest in and the only reason she would have invested was because you might have given her cold shoulders or the relation changed and she wanted to restore this..otherwise if this sell wasn't taken earlier like you did...by now you would have been in bad books with her!

Moral of the story here is invest with money you are willing to lose and let it be a personal decision before enemies are made for bad business relations...

Ryu_Ar1

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When you are in the adult phase and can decide your own fate, I think it would be good if you go deeper before you advise others.
On the other hand, I think that whether it's someone close to you or not, if it's not based on coercion, it's still okay, but I wouldn't do that.
Inviting others is of course a very good thing to do, but given the conditions with the "preasure" frog, I don't think it's a good thing to do. This creates a risk that when someone tries to emphasise that bitcoin is something good to people who do not know, it will make the person dependent if they only listen to something sweet.

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Quote from: Smartgoat on August 27, 2023, 12:45:53 AM

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.

Why would anyone's parent(s) think of them in that light? Could it be that you must've shown signs of such attitude in the past or indulged it that cast a shadow of doubt on your person? Again you mounted unnecessary pressure on your mother. If anyone mounted pressure on me to invest in anything I would be very skeptical about it and would likely lose any form of interest in it.

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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.

That's true. That lesson cuts across all faucets of investments, not just Bitcoin. The easiest way to prove a point is to be successful at what we do. People want results. Otherwise one will keep explaining and appealing to their emotions without them picking interest in what one is advertising to them.

xSkylarx

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For sure, if your mother invested 2 years ago, she would get angry with you because the first price of Bitcoin 2 years ago was bigger than the current price, meaning you've lost money on it around 40%, which probably mocks you about it. So before telling someone, not only pressurize them but also ensure them that there is a probability of losing all your money because of it so that they are aware and not just seeing the huge price of it.

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Quote from: Smartgoat on August 27, 2023, 12:45:53 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.

You were too pushy and it backfired, it happens in all aspects of life and not only when you are trying to promote bitcoin to others, when you do that people think you have something to gain by promoting something that heavily, which according to your story is exactly what it happened.

What it worries me the most of your story is that your own mother thought you were going to defraud her, and when that is the default reaction of a person to your advice or proposal then it is almost impossible to convince them to do anything.

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Quote from: panganib999 on August 27, 2023, 04:15:00 PM

i don't think that's the right way to go. The most important thing about investing in bitcoin is making sure that you are well-aware of how things are working on it. Pressuring and coaxing someone into investing in bitcoin just rushes things and may even cause them to jump over important pointers that they couldn't flourish in the industry without. Which leads to massive losses in profit and in trust. I say you just pull in people who have already fostered interest regarding bitcoin, and bank on that interest with the proper knowledge and workarounds within the bitcoin industry. By then and only through that method will you be able to successfully influence people into investing, and set them up for success also.

Ignorance is not bliss when making investments of any kind (whether they involve stocks, Bitcoin, or something else entirely). It is a surefire path to financial ruin. It is equivalent to sending someone to a combat unarmed to force them into making an investment without appropriate information. A massive no-no indeed.

Time is of the importance, though, so keep that in mind. The Bitcoin train is in motion and makes no stops. However, lets also be aware that sometimes individuals dont know whats best for them until you teach them the way. Yes, we should only invite those who are interested and willing.

Its crucial to strike a balance between appropriate instruction and prompt action. We can help novice investors succeed while utilizing the high-yield potential of Bitcoin by providing both. That is how you bring about change that is sustainable.

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Quote from: Smartgoat on August 27, 2023, 12:45:53 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 will definitely agree with you based on my own personal experiences , when you talk to much about Bitcoin to someone, you give them the impression that you are pressurizing them to invest, like your own profiting lies in them Investing , just like exactly same way ponzi schemes works , where new investors money are used to pay the old investors, and as soon as new money stops coming in , the scheme crashes ..

So pressurizing anybody to invest in Bitcoin leaves them with this impression that Bitcoin is a ponzi scheme which relies on their money to pay you, and this is not good , when introducing Bitcoin to anyone, our words should be few, allow the person to become curious to really want to know more about Bitcoin, that will drive them to want to do their own research when they perceive that you are not really interested in sharing more information, this will make them get the information they need from another source, which can make them trust that you are not trying to defraud them in any way .

Dr.Bitcoin_Strange

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Quote from: Smartgoat on August 27, 2023, 12:45:53 AM

she thought I'was going to defraud her.

Why would a mother think her own son is trying to defraud her? Or are you a fraudster? Well, whatever it is, yeah, investing in any asset (anything), whether it's Bitcoin, stock, gold, real estate, or even bods, is something that should be done at will, through self-conviction, and not just what someone should pressure you to do. If one takes their decision towards investing their money into whatever asset they choose, then they wouldn't have to put the blame on you if perhaps things go wrong. That's why, when educating someone about an investment, you should teach them about the risk of the investment, and then you can leave them with some contents to read about the thing you're teaching them. Don't pressure anyone to make the investment suddenly against their own will; otherwise, you will take blame for it if anything goes wrong, or they might even think that you are trying to defraud them like your mom thought (not saying she should have thought that about you). If someone is interested in something, they will call your attention back even after you have taken your leave, or after you have taken your leave, they will do more digging themselves.

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Quote from: Smartgoat on August 27, 2023, 12:45:53 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 mean for sure that is what is going to happen if your forcing them into cryptocurrency or Bitcoin investment what is going to happen is they might not get interested in it instead, It was never a good idea to force someone into Bitcoin because it was a risky investment and you really dont want to force anyone into something that is very risky and involves money because there is always a possibility that they might lose their money there, probably she is just concerned because she might lose it, and get intimidated because you are forcing him to invest on it.

I think the best thing to do here is to always give them something probably just a little idea of what is Bitcoin and then see if she is going to get interested in it, If she doesnt like the idea of it then you shouldn't push here on Bitcoin investment, Its going to be difficult for sure because if you do not understand Bitcoin your going to misunderstand what it is as always.

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Quote from: Smartgoat on August 27, 2023, 12:45:53 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.

I don't know, how you see it.

your story really inspired a lot of people to be even more excited to tell about bitcoin to everyone they know, i also heard about bitcoin for the first time from my cousin, at first, of course, i refused to believe everything he said about bitcoin, even I gave him a mockery, bitcoin preacher lol, but i saw that he remained consistent with investing in his bitcoin and never stopped inviting me to invest a little in bitcoin and several other cryptocurrencies, of course, i finally succumbed to his invitation and tried investing in cryptocurrency for the first time, well after a few weeks i saw that i was making a profit.

from here i understand that actually from the start i just underestimated what he said because maybe i have more money than him and also i am older than him, not because i don't like investing in bitcoin at all.

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Quote from: Distinctin on August 27, 2023, 04:55:28 PM

Preaching does not guarantee that you will get a positive response from your listener. You are there to preach and educate someone, and not to put force trying to manipulate someone’s mind. That is why never anticipate things in advance. Some are just still doubtful about crypto and you can’t do nothing about it but give them enough time to think and evaluate if crypto can be good or bad for them. Whatever their choices, you have no in control with that. But as long as you know that crypto has high potentials to be successful in the future, hopefully your listener can also perceive what you are trying to anticipate.

Definitely, using force is not the best method to let someone sees the real potential of any investment.
You can share what you know, but let the person grasp what you just said, and in his own time, he will ponder on things.
This is why, it is not advisable to pressure someone to buy in this market if they are not totally ready for it.
You may be blamed if the results are not of their expectations. They will have their own realizations as well.
Just like when you preach, don't expect everybody will listen or hear what you are saying. But be thankful if somebody does.

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Preaching does not guarantee that you will get a positive response from your listener. You are there to preach and educate someone, and not to put force trying to manipulate someone’s mind. That is why never anticipate things in advance. Some are just still doubtful about crypto and you can’t do nothing about it but give them enough time to think and evaluate if crypto can be good or bad for them. Whatever their choices, you have no in control with that. But as long as you know that crypto has high potentials to be successful in the future, hopefully your listener can also perceive what you are trying to anticipate.

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Quote from: Smartgoat on August 27, 2023, 12:45:53 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.

There is this rule called KISS when introducing something new to people. KISS means Keep It Simple and Short. Simple enough to make the listener understand the subject matter and short enough to trigger their interest and hunger for more information. This way they will look for more information themselves or ask you questions that can make them more interested. Speaking too long makes the audience very boring just like when a thread is created with a huge wall of text, making them to shut their senses off and ignore the one speaking.

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Quote from: iBaba on August 27, 2023, 02:00:31 AM

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.

Investing in bitcoin I do see it like something you have to decide on your own to work on without involving anyone because you can invest in bitcoin today and tomorrow you regretted of using all your to invest in bitcoin at least an investment of Bitcoin be a personal something in bitcoin

panganib999

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i don't think that's the right way to go. The most important thing about investing in bitcoin is making sure that you are well-aware of how things are working on it. Pressuring and coaxing someone into investing in bitcoin just rushes things and may even cause them to jump over important pointers that they couldn't flourish in the industry without. Which leads to massive losses in profit and in trust. I say you just pull in people who have already fostered interest regarding bitcoin, and bank on that interest with the proper knowledge and workarounds within the bitcoin industry. By then and only through that method will you be able to successfully influence people into investing, and set them up for success also.

Issa56

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Quote from: mvdheuvel1983 on August 27, 2023, 03:35:40 PM

Never pressure anyone to invest in Bitcoin except it is friend that understands and believe in your judgement and e decision on investments and the feeling is mutual. Always have a Caveat too. And it is being honest and opened about Bitcoin. Put this in mind that of you ever feel like you need to pressure someone to invest in Bitcoin then you probably shouldn't as they are not yet ready.

If you pressurize anyone to invest in bitcoin, then they will end up thinking you are trying to scam them, and when you pressurize them and the bitcoin price ends up dumping, they will end up blaming you for that. When I am introducing anyone to bitcoin, I always make sure they know the necessary things about it. I don't just tell them about the positive aspects of bitcoin, I do tell them they can also lose money. Bitcoin can dump, but if they can hold for the long term, then with time the price will bounce back and they will be in profit. But most people that do introduce bitcoin to their relatives and friends don't tell them about this, they only talk about the profit aspect, and after buying and bitcoin dumps, they will end up regretting why they invested in it, and some might end up selling at a loss.

Russlenat

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This is a very wrong mindset. Once you are trying to convince someone most especially to invest into something risky, you are like just any other scammer that is forcing someone to make yourself benefit. However, I believe your intention is good but you are doing things the negative way. Do not try to pressure anyone just to believe on what you’re believing, just to do the same on what you’ve been doing, because if things end negatively, you are the one responsible to be blame. Let her do things according to her will, and give her time to process things. That way, no matter what the outcome, at least she’s the only responsible of her own decision.

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Well this stories are not making market again. You can try another one that is better than this one. The story is not clear for my eyes because at first you yourself could not remember the story again and this happened in your open phrase. And coming the full story, you mother was not having the confidence in you because you were not doing well with her. And if you were doing well with her, she would not doubted in you. So now that you have invested for her with bitcoin, who is managing the investment or the wallet. You or she? And if it is you, how will she know the funds she has? Then teaching people about bitcoin or cryptocurrency is not a bad thing if they are ready to learn. And after the learning when they have known it, and if they are ready to invest, you can also direct them what to do. And not you investing for them.

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