Topic: presuring someone into Bitcoin investment - page 9. (Read 1220 times)

This is the thing on why i dont really like on telling my family about Bitcoin or whatever things that im involved with on which it would really be most likely that you would be rejected or would really be ignored just because
they cant really just trust you on which this is really that something that a very common approach or reaction that made by them but its true that spreading out this little information or even the basics on how it works
and not really just focusing on the investment opportunity but also into its utility then you would really be able to explain out at least the relevance of its existence, but we know that people do usually getting hooked up
on the time that we do mention about making money and this is where we are really that mostly that interested and this is why it wont really be that shocking that they do get interested on the time that they would be
hearing up these words. Well, its not a bad idea on having that introduction about making money on the time that you would be explaining it to them because when they start on hearing you out because of those probabilities or chances then this is the best time on making yourself on having that explanation but of course you should really be starting with the basics and not really that too technical so that they would be able to easily understand
on what you are saying.

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.

I can actually tell someone about Bitcoin and the entire cryptocurrency, but asking them to invest without any prior knowledge is risky, much like asking them to drive a car without any prior driving experience because skipping any steps could result in that person losing their life. When you invest in Bitcoin, you actually lose money, but there are still some safe practices that can help lower the risk if the interested person has the knowledge, One thing I noticed is that when it comes to profitable businesses, we all share similar perceptions. When we hear there will be profit, we start investing without doing any research, which is actually a very bad perception. Despite trying to invest in anything, research should always be done first. Then, for Bitcoin, you can get a proper introduction into the circle. and thankfully, people's eyes are already widening and they now see the distinction between the two. People frequently conflate Bitcoin with Ponzi schemes.

Often when it comes to investing, especially in Bitcoin, there is a delicate balance between presenting information and allowing people to do their own research and reflection. The ability to ask questions and conduct independent research is essential to assessing risks and opportunities before making a financial decision... I have also wanted to impart and teach people how good Bitcoin is, but certainly no one could be forced, you have to understand above all how it is economically, and lead someone to a risky investment because of how volatile Bitcoin is. could backfire, which is why patience and understanding that each individual needs time and space to consider and process information is part of good Bitcoin teaching.

Actually, I always avoid introducing Bitcoin to my family or those closest to me if they haven't opened a related question about Bitcoin or stated they are interested in investing in Bitcoin first to me.
If your mother finally believes and wants to start investing in Bitcoin then that's a good thing, it will be easier to teach her more because it's your own mother.

I think it's true that if we give a sermon about Bitcoin to someone then we can't force them to immediately believe what we say and don't let us force them to immediately invest in Bitcoin, we have to give time for someone to make an investment decision based on intention and his own will.
And we also have to advise them to do research and find out for themselves what and how Bitcoin works in order to better understand the advantages and disadvantages of investing in Bitcoin.
One more important point, in my opinion when explaining to someone about Bitcoin, we shouldn't make that person's perception think that Bitcoin is an investment to make profits quickly and easily. So we not only have to explain the advantages of Bitcoin but we also have to be able to explain the risks and weaknesses that exist in Bitcoin.

You are right in stating that it is better to let someone choose and accept BTC investment on their own rather that force them into doing it half heartedly. Your mom, Op, may have got to learn about BTC investments from her friends or those she listens to or gossip with, because she sure did not wait or surrender to her ego to let someone else lead her convinced mind to invest, rather she came to you out of sheer trust that you would educate her better and you did, and she must have shown how grateful she is in more ways that I can think of.
Today, I don't really force anyone or anything on anyone because in the end, it is the only interest an individual has for something that drives them and motivates them to excel at their choices.

Never talked to my mother about bitcoin let alone invite her, she knew I was familiar with bitcoin but was never interested in following her, never forced anyone to invest it was a risk that I did not want to bear except my own wishes, study myself and buy myself without anyone's help or coercion.

Bitcoin is very fluctuating when the person is impatient in waiting for the long term you can be blamed because the price continues to fall and the increase never comes, I don't want to be burdened let them decide but now bitcoin has been widely recognized because many media are reporting on it.

Mom, wife or brother whoever does not want to participate because I myself!

Pressuring individuals to invest in Bitcoin isn't advisable; it could lead to negative reactions and avoidance of Bitcoin. Instead, it's better to provide a clear explanation and encourage independent research. This way, they can gather information online and make an informed decision. It's important to be transparent and share both the advantages and disadvantages of Bitcoin investments. By doing so, people can make choices aligned with their preferences. Just wondering, did your mother truly benefit from investing in Bitcoin?

Inviting parents to invest in their parents is indeed difficult and not easy for them to accept easily. It took a long time to convince them to invest in bitcoin. like you did, even though you previously asked him to invest in bitcoin he refused, but it was only a few years later that he began to realize that he wanted to invest in bitcoin for the future. That's because he has done his own research or has studied it in various media and on the internet.

Indeed, basically introducing bitcoin to the family is a good thing but still cannot be forced, what you are doing is right. Inviting without coercion he finally started researching himself what are the benefits of investing in bitcoin. In the end he realized that investing in bitcoin is something that must be done in today's technological era. I think it's normal for parents not to immediately accept your invitation, maybe because they think bitcoin is weak and difficult for parents and the general public to accept because bitcoin has no physical form, that's what makes it hard for them to believe in it. bitcoins.

This is something we all should keep in mind. I am aware of the learning that you have just observed because I am a teacher, and my job is to force students to learn new things. I do not force them to learn it and adopt it; instead, I create curiosity in them, ask them what results it could provide them, and give them the homework.

If you will do all the spoonfeeding, then other people will not try to think and make decisions from their own minds, and they will start to rely on you, and many people do not want to rely on anything. Even you tried hard to tell your mother, who was an old schoolteacher and definitely had no idea about BTC, that you were asking here to invest in BTC, and she definitely doubted you. Young blood always makes mistakes, and elders do know that, and they always think twice or three times before accepting or agreeing with an idea, specifically when the idea is about money.

But I am happy that you learned something new and that your mother made a good decision, but please, if you know more than your mother, then teach her that even if the market goes down, she should remain calm and not panic sell. As she must have held them, she must not have done future trading in them, and if that's the case, then she would make a lot of money in the long term. Maybe in the next ATH after this halving.

It's normal for someone to not trust something they don't know, maybe it got her attention that mentioning Bitcoin's potential so maybe she did her own research about it. We all know that investing is risky even on other investment such as business. Crypto might be hard and complicated for them to understand but once they really want to learn something, they would literally research information about it. $5k is actually huge investment that your mother risked. And I'm happy for both of you since you OP, the one introduced Bitcoin and now your mother is now getting the benefits of BTC. I have tried to convince mine, but she thought that it was easy money so she simply gave me money for me to invest it which I don't like since whenever there's a wrong call, I am liable for that loss.

Some things just have to happen naturally. If you force something to happen, it usually has the opposite effect. Your mother may have unwittingly chosen the right time to invest.

An investment that sounds right to you may not be right for someone else. No matter what you do, your persuasion effort will be in vain. Many of us met bitcoin because we wanted it ourselves. Let things happen on their own, just watch and don't interfere.

You have the point, never preach about cryptocurrency if they do not have any idea about them. Just give them the general introduction about the new market and once they check them out and ask further questions, it is better to explain further, if not they will think that we are talking about BTCitcoin to make them invest in it so that we are benefitting from it somehow  .

The lesson here is there’s no need to convince someone especially if it comes with a highly potential asset, because whether he will reject the idea or not at the moment, in the end when all the people are into bitcoin, I don’t think he won’t change his mind and suddenly long to buy for bitcoin so he can invest and hold it like a valuable investment. Same goes with OP’s mother, educate her but never force her to invest suddenly. Bitcoin is a risky investment so one needs to study it thoroughly before she’ll come up with her final decision to buy and hold bitcoin.

I know this way is really effective since people always interested with money, but this is a bad way to teach someone about Bitcoin. It's all good when Bitcoin price is keep rising and he buy low, sell high, repeat. But if it goes wrong, they will angry and say if Bitcoin is scam.

There's a chance they will not trust you anymore since they think you're scam them, while the reality you're not scam and you don't get anything after teach them.

You need to prove to them you made a big profit after you invested in BTC. That's what is going to convince them to invest. The skeptical mind always needs something of proof to believe in. Apparently, all people are skeptical when it comes to buying something they don't understand.  

And forgive my mouth, old people always have a hard time understanding why it has value. It takes a lot of grasping when I told my uncle, it has value because people buy it. He thought for a while asking why would someone buy it. Til today I have not convinced him to buy  

Exactly one of the key points in bitcoin or cryptocurrency investment is doing your own research. Just like you have believe it is necessary to just have a pat on the back for someone who needs to learn bitcoin and then don’t force them into it, better still if they easily want to invest in it once you told them then be objective and prioritize them having to do their research by them selves this way they would actually have read or heard about the risk of getting involved. Also personal research is actually good in the aspect of one setting up his wallet and even learning the ethics of keeping it safe from potential hackers.


I also have some iota of disbelief in this stories, most especially the place OP pointed out that the mum was scared to invest because of she felt will be defrauded by OP but nonetheless though.

Probably the mother got into bitcoin at the start of the year, probably a new year gift   and we all know how bitcoin was actually at low then, bitcoin was $16k then and went up the first quarter so if she had actually bought it then as suggested she should be happy now.

Base on the above assumptions then she must have only benefited if she only took the profit mid this year or around April/June when bitcoin was around $30k plus that’s actually 2x the presumed invested price of $16k. This is the only way I can assume she would have benefited this year on it.

Also if our two assumptions are actually correct then I think it is a bit risk for newbies holding bitcoin for a short term, only traders benefit that way because bring in money to pull out in a short period of time might not work out because the volatility involved in bitcoin. Most of the newbies engage in this type of investment are people that came in with the narrative of just earning and it is bad

What happen with OP brother if agree for investing in Bitcoin last two years when price round $47k and looking current price right now? its not recommended when pushing some one have to invest in bitcoin actually when moment bitcoin on top price. Too risk asking some one or our family investing in bitcoin or altcoin during still on higher price, better give them education about Bitcoin and cryptocurrency.

How to get advantage and profitable trough bitcoin without pressure them must to investment in bitcoin lack knowledge for understanding with bitcoin. Actually never happening with some one want or agree for investing in some investment kinds without know detail what are investment kinds, need to give education first and after understanding without pressure they will realize how important investment money in Bitcoin for getting profit in the future.

Honestly, I agree with what you said, sometimes there are some of them who come only to seek profit, they see other people successful by investing in Bitcoin but they only see their success and not the various risks that are there. Of course investing is a very risky activity, and if you invite someone with some coercion to do the same thing then it is true that when something happens to them (loss) then you are the only person they will blame, although not entirely blame but still they will question it. With a prior agreement it is very likely that they will have a reason to come to you. But maybe that might not happen if at first you explain in detail about the various things that can happen in investment, not only the profit opportunities but you also have to explain the biggest impact of the loss, given the highly volatile nature of Bitcoin.
So with that maybe you will have a reason for self-defense if something unwanted happens to him.

You shouldn't force anyone to invest their own money on anything. Just introduce them to the project and how the product works, whether they want to put their money or not it shouldn't be forced. Except you want to make up for their loss with your own money. Especially on crypto the market is new compared to other investment, and it's still very volatile, if the person you forced to invest cannot handle the volatility it will be very bad, even life threatening at worst.