How to Convince Family to Buy Bitcoin
💡 Daily Reminder: Stay humble, stack sats
Bitcoiners,
If you're like me over the past few years, your excitement for bitcoin may tempt you to evangelize Bitcoin to your friends and family to increase adoption.
Don't.
Trying to convince someone you know to buy bitcoin will most likely turn into one of these scenarios:
They listen and buy. Then, the price of btc goes down and they blame you.
They listen and buy. Then, the price of btc goes up and they take all the credit.
They do not buy. Then, the price of btc goes down and they say "I told you so".
They do not buy. Then, the price of btc goes up and they resent your "luck".
Each scenario ends in some kind of loss for you.
Here is the best way I found to get family and friends to buy Bitcoin that ends in a win-win scenario so you can avoid making the same mistakes as me in the future.
The Method
I found the best method to convince someone to buy bitcoin is to not convince them, but rather be there as a resource when they are ready.
When the student is ready the teacher will appear. - Buddha
I openly let my family and friends know I am into Bitcoin and am a trusted source of information by consistently posting about Bitcoin online.
I've been posting consistently about Bitcoin online for years.
No matter a bull market or a bear market, the consistent optimistic but grounded takes on Bitcoin put out a signal that eventually leads to curiosity.
Think of it like planting a seed by putting out Bitcoin signal and then watering it by answering questions stemming from their curiosity.
And it's been working like a charm since the price of bitcoin dropped significantly in 2022 through today.
So for you, maybe you don't want to post about bitcoin online, but try to put out the bitcoin signal in one form or another to plant the seed.
Final Thoughts
I recently posted this idea on Twitter and it went viral.
There is a famous saying in the Bitcoin community, “You buy bitcoin at the price you deserve”.
And curiosity is the catalyst for buying bitcoin.
Happy Tuesday,
-Pod
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Eric Podwojski
Founder, Bitcoin EDU
Twitter: @epodrulz
Disclaimer: This should go without saying: This is not financial advice. This is not investment advice. I write this newsletter for education and entertainment. Act accordingly.