Tell people about bitcoin but don't force them to invest

isaac_clarke22

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Quote from: YOSHIE on April 17, 2022, 10:23:41 AM

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Well by even the first word "force", you would make it that you are going to be responsible of whatever happens to their money. Just having a small talk with investment would be great. Even encouraging them might be a stretch already, but at least you're still willing to share some good ways to earn some passive bucks behind the scene.
I do not want to force people to risk their money and sanity over something, since mental health would be kind of gamble also in any sorts of investment.

YOSHIE

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Forcing someone to invest in Bitcoin can cause them to be frustrated and think badly of us, when they lose money, this once happened to my friend, luckily he found out bitcoin was not from me at that time.

And I told him, what is the current loss, he said around $1000, it was around 2017, basically someone before making their investment in Bitcoin, they have to look at the market conditions and understand what Bitcoin is, if they already have the basics of Bitcoin analysis, charts and the market down, maybe they can at least try to do it.

I think investing in Bitcoin should understand the basic science of trading and investing in crypto, to deal with more losses.

RashidulIR

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I agree with you, Bitcoin is a world famous currency, people are getting to know it as the days go by. People have to present bitcoin in the right way because many countries in the world misrepresent bitcoin because they don't want people to know about it.

It's up to the individual to decide where to invest, but we need to let them know how easy it is to make money through blockchain and how secure it is, much more.

Bamjos

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This is correct! And it's true with even any other form of investment, we should be sure we didn't just preach the good part of it, we should also tell of the risk involved, the possible outcome if things are not done the right way, this way, the result of the decision to accept the advise or not would be the fellow's responsibility!

Scaterbrainn

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I completely agree with this. Bitcoin is amazing. And it is okay to discuss it with your friends and family. However, it is not right to force your opinions on them. It’s up to them to decide whether they want to take a step. Also, what if your friend failed due to the market's sudden volatility? Will you be ready to take the blame?

GowithMi_GMAT

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I have discussed this with my closest relatives including my family, my friends and even my lover

.. Then, what do I talk about with them? YES of course about bitcoin! what do I get about this, money? Not money! but feeling proud to be able to introduce bitcoin to them.

Desmong

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Quote from: Gosgosking on March 28, 2022, 05:43:38 PM

I don't point out to people for them to make a particular investment, I only tell them about investment if only they ask and I give them more explanation concerning the investment , after that it is up to them for them to invest or not. When I tell people about investing I make sure they know about it from all angles.

We can't force people to invest in Bitcoin but we can convince them to invest with good explanation about how it works. Investing in Bitcoin takes good understanding about how the market works or else one might lose interest especially when the market starts making bear movement that can makes the price to fall. Understanding the crypto market should be next after good explanation of what Bitcoin is and it capabilities.

TheNineClub

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Quote from: Rockstarguy on March 26, 2022, 06:50:22 AM

Bitcoin is good and has transformed many people financially who believe in it. Those who are benefiting from bitcoin can't hide the goodness of bitcoin to themselves, people need to know the truth that the traditional currency (fiat) can't add any value especially when money is been saved in the bank for a long time.
One important thing we mostly don't do whenever we preach bitcoin to our friends , we fail to make them understand the tough part of bitcoin when it goes dip which results to the loss of some bitcoin at the moment.

We forget to tell them investing in bitcoin also need patience to wait for the market to rise during the dip, all they think about is if they should start investing things will go smoothly and it' will be all about more gains.
It is better to tell friends and family about bitcoin properly to know the good side and bad side of bitcoin, so that if they pick interest to invest in bitcoin and eventually meet the tough side of bitcoin their wont be anyone to put the blame on.

It will be nice to tell people about bitcoin, but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

Right on the money! Proper education of not just yourself, but others around you, will significantly improve the chances of crypto becoming more acceptable and understandable to the mass population. Investing comes as a byproduct of knowledge and faith in the project as a whole. But, when people see others shooting lasers from their eyes, shouting 'when Lambo' and flaunting their riches publically, they think they can do the same fairly easily. I think that type of behavior undermines the efforts that the community is trying to push forward.

Lucius

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Quote from: cryptoaddictchie on April 04, 2022, 12:03:21 AM

Im not saying it could happened but anything is possible when huge money is involved.

This is unfortunately true, and I know of many examples of very close friends and relatives being caught robbing their friends and relatives with whom they were on good terms. I remember one example from my country when the owner defended himself from the burglars who attacked him, shot one of the attackers and when he took off his mask he was shocked, he killed his brother's son who was in his house the day before.

Things have changed completely since the BTC was worth tens and hundreds of $ and no one really cared about it, until today when even having 1 BTC means you have a value of almost $50 000, which in my country is the amount for which a worker with a minimum wage earns in about 10 years, and I do not live in a third world country (although it sometimes seems so) but in a prosperous EU.

cryptoaddictchie

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Quote from: Lucius on April 03, 2022, 09:53:27 AM

What about your own safety and the safety of your family if some local criminals only suspect that you are storing a significant amount of BTC?

This is also what Im thinking before telling others about it. There may come a time that you disclose your btc holding to some of your friends since you well caught up with their interest and this is quite dangerous, since we never kniw the kindest guy you knew is the one wholl eventually have hidden agenda for your bitcoin. Im not saying it could happened but anything is possible when huge money is involved.

pooya87

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I personally don't ever tell anyone to "invest" in bitcoin. In fact I intentionally avoid using the term whenever I speak about it and even if someone mentions it I would guide them away from "investing" in bitcoin because I believe bitcoin is a currency and should be treated as such. To beginners it should be seen as THE decentralized censorship resistant currency then the increasing value of this currency should be the secondary incentive.

That way you'll educate people who understand the technology and can see the potential on their own. Automatically that means they won't panic each time there is some FUD feeding them lies and causing some temporary drop.

sheenshane

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Quote from: Yamifoud on April 03, 2022, 05:48:19 PM

Putting them under pressure gives no help but instead, it was a burden to them and they will blame us if they will lose. It should be their will and willingness, we let them make decisions, not us.

This! This is the reason why I didn't even force anyone to adopt Bitcoin or invest in it without any of their knowledge because I know it's hard for them to understand how useful this technology is to us, I'm not telling first the profit because they might be chasing this without even understanding how volatile works.

Usually, I hate convincing people to invest in crypto, but showing them that I'm successful on it and letting them first understand how it will work might be a good step towards embracing this technology.

Back then 2018, how many scams have been reported because the number of crypto investors has been increased without proper knowledge of it.

Yamifoud

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Quote from: Markinzo on April 03, 2022, 03:38:42 PM

Why coerce someone into what they have no interest in! Knowing full well that when people get involved into something through the use of force or pressure they end up putting the whole blame on you well it didn't worked out well instead of seeing things from the other perspective, like,what if it had worked out well.

To me it's more preferable to introduce the cryptocurrency investment to you apparently as I can, and leave the choice of investing or not to you.
So as to avoid blame games.

Putting them under pressure gives no help but instead, it was a burden to them and they will blame us if they will lose. It should be their will and willingness, we let them make decisions, not us.

Our role is to help people to understand the nature of the market and change their minds about thinking Bitcoin is a scam thing, a Ponzi scheme. To enlighten them and share good ideas is enough for them to understand and possibly encourages them to invest. This is the best way to help them decide to invest and interested in knowing more about Bitcoin.

Markinzo

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Why coerce someone into what they have no interest in! Knowing full well that when people get involved into something through the use of force or pressure they end up putting the whole blame on you well it didn't worked out well instead of seeing things from the other perspective, like,what if it had worked out well.

To me it's more preferable to introduce the cryptocurrency investment to you apparently as I can, and leave the choice of investing or not to you.
So as to avoid blame games.

Lucius

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Regardless of the good intentions that someone has, I have learned from personal experience that it is not very desirable to promote Bitcoin in a way that we talk about it to our friends and acquaintances, and even less to strangers. There are several reasons why this is not desirable, and I will only look at those that I consider particularly important.

I think it is wrong to tell people about Bitcoin only from the aspect of profit (buy low, sell high), because Bitcoin was primarily created as a currency and if we are already talking about Bitcoin, then it should definitely be emphasized. Furthermore, if we interfere in any way with someone's financial decisions, whether we like it or not, we become partly responsible for everything that happens next. Let everyone ask themselves what they will do when a friend knocks on his door and says that he lost everything he invested in Bitcoin, just because you told him about it.

What about your own safety and the safety of your family if some local criminals only suspect that you are storing a significant amount of BTC?

Rockstarguy

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Quote from: uchegod-21 on April 03, 2022, 06:53:19 AM

Quote from: Rockstarguy on March 26, 2022, 06:50:22 AM

One important thing we mostly don't do whenever we preach bitcoin to our friends , we fail to make them understand the tough part of bitcoin when it goes dip which results to the ~~loss of some bitcoin~~ at the moment.

Little correction, dip does not make you lose bitcoin, it rather make the Fiat equivalent of your bitcoin to reduce.

To those who are not very familiar with crytocurrency it seems to be loss especially when their is no patience to wait for the market price to rise, at this point when the market is dip the only option in the mind of beginners is to sell the coin because of fear of going dipper. Not every beginner understands dip is not losing a coin.

uchegod-21

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It is good to give anyone sincere information whether pleasant or not and allow the person to make right choices. I see no reason why I should force someone to invest when it is not a pyramid scheme or referral marketing.
I know half baked information cause big problems when an investment goes wrong. It is scam projects that hides information about their projects but in bitcoin there is nothing to it. Bitcoin is simply volatile like other cryptocurrencies.

Quote from: Rockstarguy on March 26, 2022, 06:50:22 AM

One important thing we mostly don't do whenever we preach bitcoin to our friends , we fail to make them understand the tough part of bitcoin when it goes dip which results to the ~~loss of some bitcoin~~ at the moment.

Little correction, dip does not make you lose bitcoin, it rather make the Fiat equivalent of your bitcoin to reduce.

Poker Player

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Quote from: Rockstarguy on March 26, 2022, 06:50:22 AM

It will be nice to tell people about bitcoin, but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

Well, this is true not only of Bitcoin, but of any investment. No matter how good you think it is, never pressure anyone to invest as well. Friendships break up and family members stop talking over things like that.

I think the best thing to do is to gradually incite curiosity. You can introduce Bitcoin sporadically, and it is normal that the first reaction is not to pay much attention to it, especially if it is sideways or there is a downturn in the market. But as time goes by and the person you have spoken to sees that Bitcoin still exists, that the long-term price trend is upwards, that more and more public and private institutions are adopting it, and even that he or she is starting to hear about it from other friends and family members, that person will start to get curious about it.

Whether she ends up investing or not is a very personal decision but I think this is the best way to inform her about Bitcoin by inciting her curiosity.

Ahli38

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Quote from: Rengga Jati on March 28, 2022, 06:31:45 PM

It is too hard telling people about Bitcoin actually, moreover if the people have their own thought about Bitcoin, mostly the negative sides and weaknesses.
Telling Bitcoin to certain people is needed when we are in such kind of open discussion, or if someone is exactly asking to us, or in some occasions where we need to explain little bit about Bitcoin.

Quote from: Rockstarguy on March 26, 2022, 06:50:22 AM

It will be nice to tell people about bitcoin, but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

This is right. Never invite people to join you or follow your ways in investing in Bitcoin. Because the risk is too high. Sometimes, people will not want to know about the risks of Bitcoin investment. Their focus is only on the profit probabilities that they can get. Once they cannot get the profits or moreover their assets are decreasing, they will be enough and disappointed in Bitcoin, moreover in us who told them to invest.
Except hat they come to us, ask to us about Bitcoin investment and they want to invest based on their own willingness. We need to also tell them and make them understand about the risk and profit probabilities, and how the Bitcoin investment work.

indeed, in fact telling people about bitcoin is very difficult, especially if it is to people who are not our family.
I only dare to tell about this bitcoin only to trusted families and a few neighbors who ask.
because sometimes when we explain bitcoin to people who just heard it then it will bring excessive prejudice. whether it's negative or positive but mostly negative prejudice. small example: there is a neighbor of mine who works every day trading bitcoin. and this neighbor of mine got rich from bitcoin. but do you know what the other neighbors are pointing at this one neighbor. they accuse it of gambling or the result of something mystical or magical. I also explained a little to another neighbor that the neighbor who became rich did not do anything bad or bad to make his money. but he trades bitcoins. and I also explain as little and as short as possible about bitcoin. but most of them find it difficult to accept this new knowledge that is bitcoin. but at least now their assessment has changed a bit to not be too bad after viral on television, namely artists who plunged into the world of bitcoin.

Rengga Jati

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It is too hard telling people about Bitcoin actually, moreover if the people have their own thought about Bitcoin, mostly the negative sides and weaknesses.
Telling Bitcoin to certain people is needed when we are in such kind of open discussion, or if someone is exactly asking to us, or in some occasions where we need to explain little bit about Bitcoin.

Quote from: Rockstarguy on March 26, 2022, 06:50:22 AM

It will be nice to tell people about bitcoin, but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

This is right. Never invite people to join you or follow your ways in investing in Bitcoin. Because the risk is too high. Sometimes, people will not want to know about the risks of Bitcoin investment. Their focus is only on the profit probabilities that they can get. Once they cannot get the profits or moreover their assets are decreasing, they will be enough and disappointed in Bitcoin, moreover in us who told them to invest.
Except hat they come to us, ask to us about Bitcoin investment and they want to invest based on their own willingness. We need to also tell them and make them understand about the risk and profit probabilities, and how the Bitcoin investment work.

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