How To Convince Someone To Invest In Bitcoin Cash (BCH).

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Avatar for Kryptlook
2 years ago

The adoption of Bitcoin Cash is steadily growing to be a more competitive peer-to-peer payment around the globe and now is undoubtedly the best time to put Bitcoin Cash in everyone's portfolio and start on convincing more people who are still hesitant about it.

I came up with the best possible ways to convince your relatives, friends, families and everyone around you to get onboarded on Bitcoin Cash (BCH) along with the potential risks they can take with the current market situation. If you can read this article until the end, you can share your ideas below so we can came up to more ways to spread the adoption of Bitcoin Cash (BCH) locally and globally.

Show Them The Progress And Vision Of BCH.

For someone who's hesitant about BCH, they would probably ask of it's legit or if it is really working as a great alternative for payment. In that case, show them that BCH was already accepted by institutions like Grayscale, used by lots of payment gateways and thousands of merchants around the globe.

Bitcoin Cash is widely accepted anywhere in the world like Rakuten in Japan where BCH can be used for E-money charging, shop, dine and rest in lots of places in Bangkok and thousands of companies all over the globe using BCH as mode of payment.

Bitcoin Cash aims to be used and accessible by all people in the world to oust centralization, fight inflation and replace dollar because of the risks made by infinite minting.

They might say that they will stick to the traditional money and will still believe that the Government will do something to save it and paper money will stay in the future, then it will be a good time to lecture them about the evolution of money.

Original Image from Shyam.

Tell them that history will speak to itself and that throughout history, there were lots of forms of money and starting from barter trades, jumping to paper currency backed by Gold and to the present with fiat currencies with nothing backing it at all and inflation keeps getting worst, what will be the future of fiat currencies?

Fiat currencies will not stay forever and money will evolve eventually. What will be next? Bitcoin Cash? Why not?

Bitcoin Cash has the credentials to be the perfect alternative or replacement for money:

It's fast. Cheap. Decentralized. And safe from inflation!

The Government will just keep on printing more dollars and in the near future your paper money will probably lose its value and you will need a payment method where your money can be safe from inflation.

So believe it or not, in the future, cash will eventually evolve into a digital money that is decentralized and inflation will not be problem like Bitcoin Cash.

High Rewards With Lower Risks.

Bitcoin Cash is a cryptocurrency. Putting your money into gives you risk of lossing and a chance of winning.

In cryptocurrency you can lose 100% or win 100%, but this will not be the case for Bitcoin Cash.

Bitcoin Cash has strong fundamentals and real-world use cases so the risk of losing 100% is only a myth now for BCH. With the current situation of BCH and the crypto market, you can show them that the current price of BCH is a good deal compared to what it was a year ago (where its price was at $1700 per BCH).

At the current price of just around $300, and as a cryptocurrency ranked in #26 with just over $6 Billion in market cap, I'd say that it is a High return yet a lower risk investment. A good deal to start avoiding the inflationary dollar!

But of course, this is not a financial advice. And it's better not to put all your savings at once directly. Crypto market is volatile and we need to make the risk we take no matter how small or big it is.

Guide Them To Take A Good Strategy.

And the last thing you can do is to offer or teach them a better approach and responsible strategy to cover themselves in any possible risks.

Teach them how to dollar cost averaging, let them learn how to buy the lows and sell the highs (if long-term, hold), and diversify their money.

Also give them a warning that trading is addictive and if they don't have time to learn how this works, it would be much better to just accumulate Bitcoin Cash and hold it.

And more importantly, warn them to never ever take out a loan just to invest in Bitcoin Cash or any other cryptocurrencies. Cryptocurrency is very volatile and you never know when will it go up or down and using loans to buy cryptocurrency will put you at risk.

Lastly, teach them to have a long-term plan when buying or investing in Bitcoin Cash. Investing and getting rich is not something that will happen overnight. Tell them to be patient with their investment. And if possible, tell them to only invest the money that they won't be needing for a long time.

Original Image From Pixabay.

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2 years ago

Comments

Ako pinapasali ko sila dito hahaha

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2 years ago

Syempre legit pa sa legit dito eh haha

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2 years ago

Kaya nga nakaraan start na din ako kakaimpok nung bumaba pa siya because I know 2yrs from now mataas na maabot niya ng do na makabalik abroad hehe .longterm

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2 years ago

Yes, long term lang talaga vision sa BCH. Like last year umabot sya $1,700 tapos ngayon mababa ulit. Panahon lang talaga

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2 years ago

Good strategy by right direction 👍

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2 years ago

May iba na niniwala and they try their shot pero later on nag gigive uo kasi mindset nila dapat malaking kita agad which is depende naman.

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2 years ago

It's all about patience lang pag about BCH. Sadly di sya quick rich scheme. Long term kasi

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2 years ago

Kaya nga at saka wala naman madaling process para kumita

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2 years ago

Kahit dito sa read at noise. Pasensya din kaylangan.

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2 years ago

True kung walang preseverance talagang give up agad hahaha

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2 years ago

I get your strategy, but that won't work for everyone though

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2 years ago

Yeah, still depends how encouraging you are.

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2 years ago

Di pud lage malikayan nga magasto oy. Maong dili ka save og dako 😆

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2 years ago

Lagi. Labi nag kinahanglan jud kada adlaw haha

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2 years ago

Ang ganda sana if after ng mahabang paliwanagan ee nag tatry na kaso mo yung iba kasi kahit pa nilahad na lahat ng kagandahan nito ganyan ganito, in yhe end 🙅 pa rin sila. Ambot talaga

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2 years ago

Akala kasi nila uunlad kaagad. Need patient investment dito. Lalo na sa read at noise, mahabang pasensya talaga para kumita haha

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2 years ago

I'll make of this and try again to convince others. I was able to bring in some cousins through read and noise but they eventually gave up lol!

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2 years ago

Same here. They just didn't give enough time to pursue in read and noise.

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2 years ago

Yung mga invites ko before sa noise Hindi padin sila sanay sa volatility ng crypto , diko alam pano ko explain haha.

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User's avatar Yen
2 years ago

Madali lang yan, sabihin mo mas masarap kumita kapag bagsak presyo BCH. Hahaha

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2 years ago