Your tips and tricks to orange pill your family and friends - page 3.

Cryptomiles1

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Quote from: Mpamaegbu on April 18, 2023, 11:52:46 AM

Quote from: Cryptomiles1 on April 17, 2023, 06:37:52 PM

People don't want to take risk by their selves, rather looking for whom to take risk and they hold such person for their lost.

Yes, this is sadly true. I know why it's that way. It's because everyone wants to lie down on their pillows with folded arms while waiting for their investments to yield dividends without flexing muscles again. They don't want to be bothered about checking up anything after they've made the initial investment. They want others to bear the burden for them.

Quote

few weeks ago i was asked to help purchase some bitcoin and the person in question doesn't have any basic understanding about bitcoin volatility all he wanted was for me to buy it and he would hold on exchange, i told him to go read about the risk of what he wanted to embarked on before i could endangered myself buying btc.

I did same thing a few years ago. I bought Bitcoin for the person and then taught him how to hodl it in a wallet by himself. I was reporting the progress of the investment to him until a certain rise I asked him to sell off. However, the thing is that after that investment, he didn't reinvest and I wondered why it was so. I came to the conclusion that there are things you can't force anyone to learn if they aren't interested in them.

This is one thing we must avoid because you never can tell about their actions if they noticed their investment didn't yield to their expected end and resulted in side ways. Everyone should learn to accept responsibilities irrespective of the field they found their selves, learning and taking the full bunch of load would be more better to makes them prepared for the crypto and investment journey.

Mpamaegbu

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Quote from: Cryptomiles1 on April 17, 2023, 06:37:52 PM

People don't want to take risk by their selves, rather looking for whom to take risk and they hold such person for their lost.

Yes, this is sadly true. I know why it's that way. It's because everyone wants to lie down on their pillows with folded arms while waiting for their investments to yield dividends without flexing muscles again. They don't want to be bothered about checking up anything after they've made the initial investment. They want others to bear the burden for them.

Quote

few weeks ago i was asked to help purchase some bitcoin and the person in question doesn't have any basic understanding about bitcoin volatility all he wanted was for me to buy it and he would hold on exchange, i told him to go read about the risk of what he wanted to embarked on before i could endangered myself buying btc.

I did same thing a few years ago. I bought Bitcoin for the person and then taught him how to hodl it in a wallet by himself. I was reporting the progress of the investment to him until a certain rise I asked him to sell off. However, the thing is that after that investment, he didn't reinvest and I wondered why it was so. I came to the conclusion that there are things you can't force anyone to learn if they aren't interested in them.

nimogsm

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I have a rule never to work with relatives and friends, as there is a negative experience. And having financial relationships is even worse, because you just have to work for them and answer hundreds of their questions, and there will be no benefit from this for me personally. The maximum that I I can do this to give advice on where to read about crypto and where to start.

suzanne5223

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I have learned long ago not to force anyone into doing something if I do not want the person to be blamed in the future and this is why I never force anyone into Bitcoin but I always talk about the possibility of Bitcoin to the people that complain or seems to be looking for an alternative investment that will help during the economic meltdown.
Always give them a guide provide them with the needed article to understand BTC and never try to be their bank because being the banker of newbies is never a good idea no matter how close the person is to you even if it's a family member

Aikidoka

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Quote from: Becassine on April 17, 2023, 06:29:03 PM

And you, have you also given up? Or are you persevering with unstoppable tricks?

I would say there are many ways to orange pill your family and friends, such as explaining the blockchain technology in a simple way, how cryptocurrencies work in the market, and other related concepts. You could make it engaging by using games, or recommending a movie that explains the technology, or by giving them colorful and engaging cool books to get them interested in the Bitcoin community.

I think the best way to get them interested is by sharing your personal experiences with Bitcoin, as it can help them decide whether to join or not. If you have a success story with Bitcoin, they will likely be more willing to participate. However, it's important to be careful and explain to them the security stuffs they need to take, such as protecting their private keys and seed phrases. It's essential to provide them with important information so that they feel secure and confident about what they're doing.

Hispo

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My personal philosophy is to let people learn about Bitcoin by their own and only offer information/sources of good quality and most importantly, so let them know the most common kind of scams in the market, that is enough for a beginner. I think it is important to keep oneself outside the spotlight when comes to owning Bitcoin, specially if you live in a dangerous place like I do. We into Bitcoin not only for the possible profit in the Future but also because it is a very stealthy way to save money, you know. Tongue

I have only talked about it with my parents and they are mostly interested in stable coins, since they are not willing to deal with the volatility of the market and our currency usually loses value against the USD faster that the "natural" inflation of the FIAT.
To each their own.

KiaKia

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Quote from: Becassine on April 17, 2023, 06:29:03 PM

I guess that many of you have already tried to orange pill family or friends. Personally, I've totally given up on the idea.

Some people have asked me to invest a few hundred euros for them, in which case I would have to be their banker... They don't even want to know how to install a wallet or even buy a hardware wallet. In short, I refuse to be a banker.

And you, have you also given up? Or are you persevering with unstoppable tricks?

This have happened to almost everyone, there is always some people who don't care about where their money is going, they only want the result, such people shouldn't invest in cryptocurrencies, they will hold you responsible if anything happens to the money.

You need to find a way to make them change their mind, tell them how risky crypto investment can be, tell them what happened to Luna and FTX, tell them about how one day they can open their wallets and found them to be empty.

This is what I do if anyone tries to use me as an investing tool, na bro it's never going to work, it's either you learn or you left, these are the only two options I have for such people.

Bananington

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Quote from: Becassine on April 17, 2023, 06:29:03 PM

Some people have asked me to invest a few hundred euros for them, in which case I would have to be their banker... They don't even want to know how to install a wallet or even buy a hardware wallet. In short, I refuse to be a banker.

It is a smart move that you have decided to make deciding not to be the banker to your friends and family. If you had done so because they are close and you think they will understand if you loose their money, wait till you loose your money and see how quickly they forget that they were once in the position begging you to help them in investing.

Quote from: Mate2237 on April 18, 2023, 10:44:02 AM

Op but from your topic and the content, I didn't see any tips and tricks which can be used to convince family members and friends

No tricks just the tip that you should avoid agreeing to invest for family and friends.

Mate2237

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Quote from: Becassine on April 17, 2023, 06:29:03 PM

I guess that many of you have already tried to orange pill family or friends. Personally, I've totally given up on the idea.

Some people have asked me to invest a few hundred euros for them, in which case I would have to be their banker... They don't even want to know how to install a wallet or even buy a hardware wallet. In short, I refuse to be a banker.

And you, have you also given up? Or are you persevering with unstoppable tricks?

Op but from your topic and the content, I didn't see any tips and tricks which can be used to convince family members and friends or your hide them? If you are trying to convince anyone to Invest and they refuse to do let them be and if anyone come to you with sincere heart to Invest then you have to give the person the terms and conditions and if the person accept the risk involve and he or she is ready to bear the risk and consequences then you can teach the person and do everything for the person. Create wallet for the person and Invest small amount of money for the person and let him/she uses that amount to learn the system.

BenCodie

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I too find experience the same problem as you OP - that people are not willing to learn and instead want to park their money with you, just like a banker. The best tips I can give you is to give bit sizes of information that are easy to digest, and to learn how to pass down knowledge about Bitcoin and why its valued is poised to increase before trying to shove down information about the technicals. The best thing to start with is the economics - the fixed supply, the limited distribution, the impossibility of supply cap increase, and making comparisons to fiat money (the money printer, the unlimited supply, inflation, no immutable ledger, etc). After enough time, you'll have a nice and clean set of information that will allow you to raise enough intrigue for people to ask how to buy and hold it themselves. Move onto talking about non-custodial wallets at this point, the importance of privacy and security of their wallet/machine, etc.

Becassine

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Quote from: Kryptowerk on April 18, 2023, 10:23:10 AM

This is (so far) German only, but interestingly enough this new book is called "The orange pill".
You can read more info in the local board here: https://bitcointalksearch.org/topic/buch-ijoma-mangold-die-orange-pille-5445173

Short info on the author Ijoma Mangold: He can be counted towards the German intellectual elite and is a well known book critic an author. I've personally enjoyed listening to his insights and thoughts about various topics and book releases. Was very suprised to see him release something about Bitcoin.

So to any German-speaking people, might be a cool idea to gift this book. (haven't read it myself so far but am planning to do so)

Danke ! I'm going to go read this

Kryptowerk

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Disobey.

This is (so far) German only, but interestingly enough this new book is called "The orange pill".
You can read more info in the local board here: https://bitcointalksearch.org/topic/buch-ijoma-mangold-die-orange-pille-5445173

Short info on the author Ijoma Mangold: He can be counted towards the German intellectual elite and is a well known book critic an author. I've personally enjoyed listening to his insights and thoughts about various topics and book releases. Was very suprised to see him release something about Bitcoin.

So to any German-speaking people, might be a cool idea to gift this book. (haven't read it myself so far but am planning to do so)

Becassine

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Quote from: Plaguedeath on April 18, 2023, 10:12:32 AM

Quote from: Becassine on April 18, 2023, 06:04:24 AM

The question is not so much whether to keep their funds or not. The question is how to really get them interested in bitcoin so that they learn to manage it themselves.

Since you don't want to take any commission, if I were you, I will not talk about Bitcoin anymore to my family and friends because they're not interested in the first place. If someone only interested with the profit and not want to learn about the other thing, they view Bitcoin as a quick money making and the price will never decrease which is bad.

Bitcoin isn't the only one can be used as an investment, if they're prefer to invest in stock, gold or real estate, just respect their choices.

I'm really sorry if my subject doesn't seem clear: where did you read that I didn't respect people's investment choices or that I used to interfere in other people's business?

So the topic is: how to orange pill family or friends, do you have any tips or tricks (it can also be to convince a merchant to accept bitcoin).

Thank you

Plaguedeath

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Quote from: Becassine on April 18, 2023, 06:04:24 AM

The question is not so much whether to keep their funds or not. The question is how to really get them interested in bitcoin so that they learn to manage it themselves.

Since you don't want to take any commission, if I were you, I will not talk about Bitcoin anymore to my family and friends because they're not interested in the first place. If someone only interested with the profit and not want to learn about the other thing, they view Bitcoin as a quick money making and the price will never decrease which is bad.

Bitcoin isn't the only one can be used as an investment, if they're prefer to invest in stock, gold or real estate, just respect their choices.

Wexnident

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Quote from: Becassine on April 17, 2023, 06:29:03 PM

I guess that many of you have already tried to orange pill family or friends. Personally, I've totally given up on the idea.

Never really tried to introduce crypto to them, nor do I actually plan to. Though tbf, my family was actually the one that found out about it first and they had some semblance of interest early on, they asked me about it and I said all about what I knew, but it was short-lived rather unfortunately. It didn't help that it was around the big dip from the ATH to around $40k I think?

I might consider talking about it again if they ever ask, but I wouldn't really willingly tell them to go in again. Not that I ever planned to really, I reckon if they didn't ask me they wouldn't have even known I know about crypto.

Quote from: Becassine on April 17, 2023, 06:29:03 PM

Some people have asked me to invest a few hundred euros for them, in which case I would have to be their banker... They don't even want to know how to install a wallet or even buy a hardware wallet. In short, I refuse to be a banker.

Kind of loses the point if they invested through you instead of them owning the asset directly though.

Becassine

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Quote from: kizlod on April 18, 2023, 09:02:54 AM

I haven't given up because I'm not trying to make anyone buy Bitcoin. Why would I? It's a bad habit to say others what to do with their money.

It's not about giving investment advice at all. It's about explaining bitcoin. Bitcoin does not have to be bought with fiat currency: you can earn bitcoins for goods, work or services, for example. You can also give bitcoins as a gift on a birthday or other occasion.
Again, the point of Bitcoin is not to speculate, the point of Bitcoin goes far beyond that.

On the other hand you who talk about bad habit, it is clear that of course if someone close to me seems to screw up on an investment, I will talk to him, at least to give my opinion (whether he follows it or not).

Bitcoin is something else.

Ndabagi01

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This is not peculiar to just family and friends but generally people don’t like to take the risk. Taking the risk is what makes you a better learner and a better teacher as time passes. This does not stop me from acting as a banker to a friend or family member, but only on the condition that they bear any losses accrued during the investment.

You don't need to think about the aftermath of an investment if you have an understanding person who thinks like you and has a prepared mindset to face the risks and consequence of an investment because they realize the risk involved and trusted you with their finances to assist them invest. If the investment goes well, they can notify a friend who may be interested in joining and spreading the news about bitcoin. You could also get a commission from the profit incurred overtime in the investment.

kizlod

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I haven't given up because I'm not trying to make anyone buy Bitcoin. Why would I? It's a bad habit to say others what to do with their money.

aoluain

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Quote from: Becassine on April 18, 2023, 06:04:24 AM

Quote from: Plaguedeath on April 18, 2023, 04:56:04 AM

They ask you to become their banker? you need to play smart for creating a contract and ask them to accept it, if they don't want to accept it, don't be their banker. You can make a contract if you will get 10% profit commission if they want to sold their coins or anything that you will have an advantages.

It's not that easy for protect their holdings, you will take a risk to make sure you hold in a safest place, not lose the seeds phrase, etc.

The question is not so much whether to keep their funds or not. The question is how to really get them interested in bitcoin so that they learn to manage it themselves.

No I don't want to take a commission, I am not a banker. It's not my job. I'd rather they learn what bitcoin is for.

That is a good approach, one of the main things with Bitcoin is obviously self custody of that
wealth/Bitcoin and not to trust/involve any third party.

Its a tough one trying to teach people

I have had mixed results, I find the ones who already have an appetite to discover an alternative
to the FIAT system get interested in Bitcoin and those who dont care or who dont see a problem
with it dont have a need to become involved with Bitcoin.

Eventhough the vast majority of people are only interested in what is in it for themselves I try to
educate potential Bitcoiners on the merits of Bitcoin other than the "Investing" topic, put X in and
get Y in return, there is way way more to Bitcoin than that.

Becassine

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Quote from: Plaguedeath on April 18, 2023, 04:56:04 AM

They ask you to become their banker? you need to play smart for creating a contract and ask them to accept it, if they don't want to accept it, don't be their banker. You can make a contract if you will get 10% profit commission if they want to sold their coins or anything that you will have an advantages.

It's not that easy for protect their holdings, you will take a risk to make sure you hold in a safest place, not lose the seeds phrase, etc.

The question is not so much whether to keep their funds or not. The question is how to really get them interested in bitcoin so that they learn to manage it themselves.

No I don't want to take a commission, I am not a banker. It's not my job. I'd rather they learn what bitcoin is for.

Topic: Your tips and tricks to orange pill your family and friends - page 3. (Read 528 times)