Tell people about bitcoin but don't force them to invest - page 2.

tippytoes

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Quote from: Kelvinid on March 28, 2022, 07:10:45 PM

Quote from: Gosgosking on March 28, 2022, 06:43:38 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.

It is supposed not to force anyone. It is their well to invest, not because someone did influence them. In fact, some of my friends know I was in crypto and I don't encourage them to follow what I did. Because those who want to invest will certainly ask and keep asking how but if they don't, I simply don't bother myself to tell them either.

We have to avoid being blamed because of their losses and because of their mistakes. Let them understand that before investing they also know the possible results and difficulties to encounter in order for them to decide or just forget it.

As this market is full of uncertainty, it is indeed hard to advise someone to invest on this market. Good if someone is willing to listen, but you need to make sure that he knows the consequences of getting into this market. Because you can't assure that his strategy will work or not, depending on the coin that he's about to get involved with. If they are serious about investing on this market, they will also dig facts on their own, and study the market.

Kelvinid

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Quote from: Gosgosking on March 28, 2022, 06:43:38 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.

It is supposed not to force anyone. It is their well to invest, not because someone did influence them. In fact, some of my friends know I was in crypto and I don't encourage them to follow what I did. Because those who want to invest will certainly ask and keep asking how but if they don't, I simply don't bother myself to tell them either.

We have to avoid being blamed because of their losses and because of their mistakes. Let them understand that before investing they also know the possible results and difficulties to encounter in order for them to decide or just forget it.

Gosgosking

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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.

dansus021

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like all other people said bitcoin is new technology that everyone will take time to discuss

but usually i tell my friend bitcoin is like usual bank or digital wallet ex. paypal or venmo but with changing price like gold usually they will understand
and yes we can see other people get rich from bitcoin or made money out of thin air (*this the reason why people got curious at first place)

but tell them bitcoin is highly volatile way more volatile than any other investment instrument so please tell them to know the risk like "your money can gone forever and scam is everywhere" and invest in crypto is high risk so if they cant afford money to lose better learn it first

Ahli38

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I also started telling my family about bitcoin.
starting with the knowledge of what bitcoin is and what its advantages and disadvantages are.

I also tell the advantages and disadvantages of investing in bitcoin.

and I emphasize to understand the market situation if you want to dive into the world of bitcoin.

and now my brothers and sisters start investing in bitcoin and altcoins.

but its funny. now my brothers are more reliable than me.

maybe their seriousness in learning bitcoin is better than mine.

iamsheikhadil

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Tbh if I am going to explain about Bitcoin to someone, I will tell them how it works, what exactly it is and its purpose, the price of it in terms of dollars shouldn't affect the intrinsic value Bitcoin already has due to its purpose and advantages, but yeah, to tell them that this investment is very risky and to invest just for growing funds in short time, it's nothing but gambling, that caution should be taken.

CryptopreneurBrainboss

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Quote from: Rockstarguy on March 26, 2022, 07:50:22 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.

Why would you even force anyone to invest in Bitcoin when you should know of its volatility as a participant in the market yourself. The only good you can do for them is telling them about the industry and it's left for them to take the final decision. In the future they won't be having the excuse of not hearing about the currency when it becomes more established/adopted. Also in your attempt of telling them, make them see the advantage with your lifestyle as people tend to believe what they see than what they hear.

Not advising on living an expensive lifestyle just to proof your point but instead living a life of purpose, been self aware of your finances etc will definitely draw people into wanting to know more. It will be more easier teaching if interest were first initiated by them instead of you

TelolettOm

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In my personal opinion and experience, I also wouldn't dare to just advise them to invest in crypto, let alone suggest with sweet promises. This is very risky, especially if the results are not what we promised. So then we will be the ones to blame.
We only need to provide initial knowledge and also various ways for those who really ask us and want to learn. So let's not be the first to start.

I have seen many people who are involved because of hype and most of them are losing a lot of money. And what happen next is that they blame everyone who suggest about this and they blame crypto itself.

Stalker22

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In the case when some of them has no idea about any of these concepts, just try to start telling it briefly:
As you know, bitcoin is a decentralized form of money.
It is quite similar to PayPal.
It is not regulated or controlled by any government.
It is not issued by banks.
You can use this bitcoin to purchase goods, services, or send money.
...

But you should never push them to invest if they do not wish to participate. To be frank, if they have no idea and they are not interested to understand all these new words, don’t expect that they will take it seriously and want to join.

nurilham

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There is no compulsion for someone to invest in cryptocurrency because we ourselves will accept the risk. Although investing in cryptocurrencies is profitable but we also must not forget that there is also a risk in it. that is why it is important to give understanding to people before join into the crypto world because most of them tend to expect profits without knowing the risks that can be obtained if not careful. there are so many incidents where people join the crypto world because they are tempted by the success of others without having sufficient knowledge. as a result, many of them also suffer losses and blame crypto because it is considered that crypto is detrimental.

Hypnosis00

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It is found reasonable to tell and educate people about crypto but never be an option to force them to invest.
Why?
1. They will blame you back once they fail and lose
2. Investing should be well-prepared
3. Willingness

To avoid unnecessary misunderstandings, we have to wait for their decision. Likely, we have to give them time to think and prepare themselves.

SafuBTC

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Forced investment on crypto never ends well.

1. Those you force will want quick results.
2. It's a scam if they lose money.
3. You lose your reputation if things go wrong.
4. Crypto is a scam will be their new Anthem.

Show them the way and let them make decisions themselves, tell them about the risk involved too.

GeorgeJohn

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If you inform someone about bitcoin, you still have the opportunity to put the person true of bitcoin by educating the person, because this present time people live life of example to trigger or motivate other people, the information of cryptocurrency especially bitcoin has gone round to the extent that when you made mention of bitcoin in a geographical environment about fifty percent dwelling there will embrace the courage of bitcoin because of it's news spread. In summary no average youths can decline Bitcoin education.

The Cryptovator

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Agree with you, when I introduce someone with Bitcoin first of all I introduce potential volatility. So that in the event of a dip they shouldn't blame me directly. It's because I am not part of their benefits or loss. They have to carry losses or profits as well. So there shouldn't be any misunderstanding. We should explain in detail what would happen near future to avoid any trouble. No, we shouldn't force anyone to invest, we can suggest whatever they could afford to lose. Otherwise, during the dip they will give is panic.

qwertyup23

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Quote from: Rockstarguy on March 26, 2022, 07:50:22 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.

Any investment is definitely good especially if you plan on HODLing it long-term. Even investing into blue chip companies in stocks can yield you profitable results if you really plan on just HODLing them. But you are definitely right, forcing someone to invest into something may yield into catastrophic results especially if they do not know what they are investing on.

I remember back in the last quarter of 2017, the price of BTC skyrocketed from $5,000 to $18,000 in a matter of months. People were forced to invest and lots of threads were telling everyone to invest. After the first quarter of 2018, the price crashed and went down to around $3,000.

That is why, you can tell people your success stories on investing into cryptocurrencies but the final decision to invest should be theirs.

Upgrade00

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I personally do not even try to convince people to buy Bitcoin. If a person does show interest, I crawl the internet looking for educative posts or videos which explains how it works as simply as possible and send this to them. Many people who have asked me about bitcoin do not pass this stage, this shows they were never willing to read or do any form of research. If they do happen to pass this stage, I then introduce them to the forum and answer any questions they may have.
You find it easier to communicate when the other party is genuinely interested.

The burden of investment lies on whoever is risking their capital, and they should not be coerced into doing that.

Stalker22

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Quote from: Daniel91 on March 26, 2022, 09:27:43 AM

Rockstarguy, you're absolutely right.
I have been making money online for many years and many times I have been inspired by some projects like mlm or revshare, that I have often invited my friends to get involved and make some money.
It would often end badly and my friends would accuse me and hold me responsible for losing their money.
So at the beginning I don't mention crypto to anyone, but only if someone asks me what I do or directly asks for advice on where to invest money.
At the same time, I always warn them that crypto is risky and that they first investigate everything well and don't invest money that they can't afford to lose.

Whew, that's what I did. I invested my money and I lost everything I had and then some (but I learned a lot from the experience so it was worth it). So, I would advise everyone to be very careful and do their own research first before investing in anything. There are so many scams out there and people who do not have your best interest at heart. The crypto world is still the Wild Wild West. There is a ton of money to be made, and a ton of trouble that comes along with it as well.

Now, when someone asks me if they should buy this coin or that coin, I always tell them to do their research and make sure they understand what they're doing. No investment is a guaranteed win. However, with the right diligence and common sense, it is possible to get into these digital currencies and turn a profit in the long run. It really comes down to following the right set of guidelines and having a plan before you get started.

CryptoHeadlineNews

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Sometimes I see greed and an ability to earn higher rewards through a referral program as a reason why most people got to be introduced into Bitcoin, because just as we know that we have got good Bitcoin exchanges with a very attractive referral bonus, which has made the referral forget the need for prior knowledge and understanding of the referre

So if only we could be patient enough to not just introduce people, but educate them about Bitcoin, the community will be a wonderful one.

PX-Z

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With this new age, you don't need to tell anyone about bitcoin because most people in average age heard about it already no matter how they understand it. As time and interest grows, educating themselves will be next in line and invest if they tske the risk.

In any way, you can't force someone to invest especially if you don't have any contribution on someone's financial stand, even on stocks or any business firms.

Rockstarguy

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Quote from: tranthidung on March 26, 2022, 09:31:57 AM

Telling them about Bitcoin and educating them about it are different.

Education is key to change people mind, approach and investment decisions. It is not easy if your targeted people are old enough because they are less adaptive to new technology and Bitcoin, blockchain are likely unable to be digested for elderly.

Yes you are right telling them and educating them may be two different thing, I think telling them is the first thing which will make the person to have interest in bitcoin or not, if the person finds it interesting that is when education comes,. But educating one about bitcoin happens if the person decides and makes choice to have education in bitcoin. people go after education.

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