Bitcoin Forum

Today I felt really happy. I helped two of my relatives who heard about bitcoin from a news channel and came to me to help them invest in bitcoin. One of them is my uncle (my mother's brother) who has a business. But, on the side, he invested in several stock markets, but recently, he heard a lot about bitcoin from news channels, all of which were negative.But he asked me about that because he knew I was working on it.

Then I told him about its potential and showed him my portfolio. Then he becomes so excited about investing in it. Not only that, his friend also came, and they invested a total of $45000. But according to our country, it's almost 0.36+ million of our currency. Then my uncle says, "Only Bitcoin is not an option because its price is too high. Are there other coins that we can invest in? Then I chose some of them and their potential.

Then they chose some coins. Because their money and there is choice also matter. Otherwise, i only suggest buying a whole bitcoin. Here is their investment :

My uncle's investment : $25000 (Total)

Bitcoin: $10000. Buy average ($47250 price)

Ethereum: 1 Ethereum. Buy average ($3420 price)

Cardano: $3k. Buy average ($2.30 price)

Dot: $2k. Buy average ($34.6 price)

BNB: $3k. Buy average ($410 price)

UNI: $2k. Buy average ($24.20 price)

DYDX: $1330 Buy average ($15.7 price)

Almost $250 fees cut in trading




My uncle's friend's investment is quite the same. He just invests a small amount in cardano, uni, dot, and bnb.

I feel really happy today. I can't share my feelings exactly. 

I know it is a positive thing that you have at least made a very valuable small contribution. But in addition to giving you knowledge of the potential that is generated, don't forget you must also give them an understanding of what risks they will face. So it's not just sweets, but in bear market conditions it must also strengthen some motivation that the market has an up and down pattern and of course as a beginner it is always difficult to control this. Why did I say that? because I am like you teaching my two brothers to invest in crypto.

In my opinion, don't divide the portfolio too much, because anyway for starters, they should be able to focus on one or two (Bitcoin and Ethereum) because the timeframe that can guarantee is more effective for you to provide basic insight.

My only concern is the bad part. Did you tell them that there'll be storms? Did you explain that there's a bull run but sometimes a bear run? Because I am sure that you definitely not want them blaming you for any of their loss. Whenever I bring people to crypto or tell them about investments, I also let them know that it can be risky. I hope you did this, if not, you can still tell them while it's early.

I have no idea what DYDX is.

Your uncle is in stocks so I think he's aware of how volatile the bitcoin market is and it's much more than the usual stocks that he's investing. Well, I'm looking at the positive side but I hope that they were also oriented that it's not all about moving up.

Since your uncle has heard negative news about it, I think that he's really aware of its nature.

No matter how much he tells them when the market goes down, they will always blame him. I have helped a long chain of my relatives and friends to dive into bitcoins and they always blame me when the market goes down. When things are going good, they feel proud and forget but if things go slightly wrong, they are all over me.

I am not too concerned about them though because I spread the word about bitcoin not just with a charity mindset but I know that by spreading about bitcoin, I am helping myself as well since I am an investor.

That happiness can quickly turn into something very bad.....  I made my own rule, "Never include family and friends in business" ....and you will be a happy person. I have learned this lesson the hard way, when some of my family insisted that I "help" them to buy Crypto when the price was high. ($50 000)

Now, I told them the price was too high, but they were too greedy to listen to me..... so as we all know.... the price dropped and some of them had to sell, because they used their credit card to buy these coins and the payment had to be done.

I have not heard the end of this... because they blame me, even though I warned them not to buy when the price was high.  >:(

Good to see people helping the adoption cause.

That's so true and I would say new investors and even traders should just stick with Bitcoins because the altcoin markerplace is damn risky and hilarious right now. Even if you invest in Ethereum you will slowly get lured into buying some shit coins through all the promotions and social media shilling.

Just buy Bitcoin if you are new to this crypto space, my little suggestion for anyone new to the community as well.

^ You should not be biased to them and tell them the truth, investing in crypto is very risky and they must understand that there is no unlimited making money in crypto. There is a possibility that it will drop either after how many hours or days from now on after you tell them. There are too many factors to consider here, from buying on an exchange until where you can store your crypto asset, it should be stored in a safe place, and please keep them in mind of what is the golden rule in cryptocurrency. Not your key, not your coins. Introduce them properly and you will be alright because there is a possibility that they will blame you once they panic sell ad lost the value of their asset once the market is in a red position.

I hope this act doesn't come back to bite you. This is why I don't preach crypto investments to family and friends. Have you thought about their reactions when there is a plunge in crypto prices. Btc and Eth is the least risky crypto to buy, the rest you have to pray they don't fall below your buying price else your uncle will kill you  ::)

And OP just added a lot of shitcoins to their portfolio, there's a very high chance that in 2-3 years the shitcoins will be in red. It's really not wise to give investment advice to relatives, because like you said, it will very likely ruin your relationship if investment will take a hit or something else happens (exchange hack, lost private keys, malware, etc.). This is just one more reason to keep your mouth shut about crypto even with relatives.

Very good portfolio. It is recommended by almost the majority to invest in the top 10 of the crypto market.
OP, as I have noticed you also like to invest in altcoins I would recommend that you take a look at AVAX. I have been invested in this altcoins since its launch, it has great potential that currently has reached position 11.
I always recommend DYOR.

https://www.coingecko.com/en/coins/avalanche (https://www.coingecko.com/en/coins/avalanche)

For the rest, I really appreciate that you are lucky enough to advise your relatives to invest in bitcoin and cryptocurrencies. We are living a stellar moment and the crypto space together with bitcoin will show its benefits to the whole world.

These are really huge investments for a person who has not much information about cryptocurrencies. It is good that you helped your uncle about this but you should also warn him that he should always be ready to lose his money also. Because as you know also, there is no guarantee in this market to make a profit all the time. People who invest into a coin must be aware of this.

Thats good to know about your experience helping new ones on cryptocurrency investment. To keep up your excitement it is must to explain them about the market fluctuation happening in large scale in no time, because unexpected market fluctuation could make them worried and end the cryptocurrency usage. Suggest both of them to withdraw little profit once the market has caused change in the portfolio value. This will make them understand better and keep them active on the market.

your nightmare will start if the price of bitcoin to $32000 for example and it takes a whole year to recover, when your relatives start to see that it is taking a long time for the price of bitcoin to increase and they are at a loss, then at that time guarantee that they they will start blaming you for losing money and this will only get worse if your relatives are confused people who don't have much patience. I think you made the mistake of making them put money into several altcoins because if the bitcoin price drops too much the altcoin price will drop to a catastrophic level

By just reading up,i do really feel up the excitement you do have and it do really give out that kind of boost whenever you do excitedly introduce crypto into other people specially with your family or loved ones or relatives.

You do share up the opportunity that you hare experiencing but of course you should also explain to them about the risk because its just not right that they would just look after for the profit or gains without minding

that they could possibly lost up money with their investment.Regarding on the list then i do really like on what you had suggested on where Bitcoin and top altcoins in combine.

its good to help other people to join if they really want to . most importantly they know what they are doing in crypto. because in terms of price volatility, everyone agrees that the bitcoin chart price cannot be the same as the stock market. best luck with your family investment. and with the coin choice, to be honest i never know DYDX. Are all the coins a reference from you or them?

Welcoming news to see members here helping out their relatives and friends on how to invest on crypto.
I also did help someone way back in 2019, but not that huge amount, just like $200. But we all know how the price rally post halving and I have communication for him eventhough we are now far apart because of the pandemic. He is glad that he did invested as it grow many folds already. But I also explained to him that the price will not go on parabolic rise and there will be tough times when we see the price going down very hard. I do hope that you explain this as well to your uncle.

Recommend to others, really want to popularize the risk to them in advance, let them stop loss when they should stop loss，Otherwise, it’s difficult to control their operations. I think I’m at a disadvantage at this point， My friend was brought into this circle by me. He made 300,000 U.S. dollars when he first came in，Then he kept chasing up and using leverage to continue buying. , He lost all his savings when he fell sharply in May of this year.
At that time, he couldn't hold back his desire, and couldn't stop his enthusiasm. Now it is very difficult to stand up.

Congratulations on introducing and explain about bitcoin and other coins to your uncle and his friend. I suggest you tell them not to panic if the price is down and not sell their coins because the downtrend will be back to an uptrend. You can tell them that the crypto price will be volatile day by day and they should be ready to see the price will sometimes down and up. You can suggest not to watch the market too often because that can make them worry if they see the price is down.

If you can trade better, you can ask them to try trading for a small amount as they are familiar with stock trading and I think they know some stock trading analysis that can help them analyze in crypto trading. But if you do not ask them to trade, that will be no problem.

Yes, you should have mentioned the time period for which they should hold this investment. You have bought all these coins at high current prices and if bitcoin starts dumping today, your uncle portfolio will be 30 - 40% down. He may not be ready to see this loss in his portfolio (although there is no loss if you don't sell in loss).

If he is investing for 4 - 5 years, then there is no issue and this is the best investment.

There are certain risks in investing in any cryptocurrency. When you help non-cryptographers to invest in Bitcoin or other cryptocurrencies, you should tell them the risks. Everyone has the right to know their investment! I think the comprehensive introduction really helps the non-cryptographers!

Do they know the risk already or have you told them about the risks in investing bitcoin because I don't see them in your post OP, if you haven't told them about it, you better tell it to them now because they will probably panic when they experience the volatility that bitcoin has.

maybe not a good idea if they are too newbies. you don't want them to go into the labyrinth of cryptocurrencies and then make them submit KYC yet. if they are just willing to hold, just tell them to hold or stake. congrats to OP, you will not be blamed if you just choose the good investment and make them hold.

but the uncle seem to be experienced in the stock market which he knew one could buy and sell. the uncle is the easier person to teach because he knows already what to do.

Helping others to invest in bitcoin is a good thing, but before they enter the market at least you have told them about the pros and cons of investing in crypto and taught them some basic analysis so as not to blame you when they lose, because usually beginners will be very greedy with market movements.

Tell them about the downside risk and have strategies for getting out. Taking profits is never wrong, that's the principle in investing.
I hope the market keeps moving forward and gives them big profits. Because when the market is long-term bearish, your loved ones will probably be upset because of you.
I'm ilovealtcoins - The one stuck at the top so much

Why? I don't understand the fixation that people have with whole numbers. I have a friend who is slowly showing some interest in Bitcoin, but he is so concerned about owning a whole Bitcoin and is not considering smaller amounts. One day he said he doesn't think he will ever have enough to purchase 1 BTC. I keep telling him how ridiculous that is, because he can purchase much smaller amounts. I tried to make a comparison with fiat and explained it to him like this:

When you get your monthly salary, you aren't getting round numbers. You aren't being paid $10.000 a month. Maybe you earn $1374/month. You didn't turn your job down because the pay isn't a nice round number. Why don't you apply the same logic to Bitcoin?

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@Imran232
Can I ask what level of experience and knowledge you have about crypto and what research have you done to feel comfortable in recommending those coins to your family? Where are they storing their digital assets? What did you tell them about protecting private keys and seeds? Crypto isn't like the stock market? If Bitcoin dumps, so will the rest of your uncle's portfolio. If Bitcoin rises, so will the majority of alts.   

Recommended by whom? How profitable will that investment be long-term? Check the top 10 coins from 10 years ago, do you recognize any? Check the top 10 from 5 years ago, how many of those are still in the Top 10 today?

Exactly what to say, it should be invest of what you can afford to lose because maybe someday they will back and ask you why the value of bitcoin holding at are losing value and the amount should not affect to their monthly allowance and buying the whole number of bitcoin is too much expensive as of now. But as OP said, their relative is an investor and maybe they understand the risk upon investing in bitcoin. I hope they fully understand the whole concept of bitcoin investment so that they will not become frustrated when the market price drop.

Good to know that you are introducing people to the crypto world. I have a few questions:
Did you tell her about the risk in crypto investment? Most people made investments in crypto because of profit, but they don't know there is also a huge risk available to lose all of their capital.
If yes, what was your uncle's answer?
For how long you/your uncle will hold those coins?
You/your uncle using stop loss to hold those coins?
Where are you guys holding those coins?(just curious)


There is no doubt you guys bought some legit coin. I am also holding Cardano for the long run.

You ask the right questions, because investing is actually the easiest part of the whole process, and preparing to properly secure and understand digital assets is far more complex. I hope that the relatives have understood what the risk is and that they are ready for possible losses - because it is easy to be optimistic in the bull market, but when things go south, panic takes its victims very quickly and efficiently.

Very good brother. One day god will give you reward for helping others.
There is no doubt bitcoin is the king of all crypto currency coins. But now bitcoin price is very high. If anyone want to invest then invest in every
price dump. But there is a very popular proverb " Don't put all eggs in one basket" So, don't invest all funds in one coin. Invest in different coins with small amount. You have selected all the good coins for investment.

This proverb doesn't count when it comes to the cryptocurrency market,because all altcoin prices are more or less following the Bitcoin price.When there's a bull market-all coins are pumping,when there's a bear market-all coins are dumping.There aren't any conditions for proper diversification and creating a well balanced portfolio.
I'm pretty sure that this DYDX token is pretty much hyped up and it's price will slowly go down in the next months.
Anyway,OP,I hope that your relatives won't panic and sell everything when the first price crash/bear market occurs.
I also hope that you told them how to protect their coins from hacks,scams,etc...

I'm curious to know what was your response to what your uncle said about BTCitcoin?
^{- He was never going to buy a whole BTCitcoin with that $25k!}

If that's among the coins that you've chosen, then what makes you think it's going to last for a long time?

What makes you think they're correct?

There's actually a common issue with a lot of altcoins: They don't last long enough ^{[Dead Coins (https://99bitcoins.com/deadcoins/#nnbitcoins-deadcoins-list) or List of dead coins (https://www.coinopsy.com/dead-coins/)]}.
^{- I haven't checked every single one of them, but I'm sure there are some that didn't even last a few months!}

While helping them in investimg into crypto is not a bad thing to do, but I am more concerned about the repercussions later on. If the market goes well, nothing bad will happen but if it doesn't, that the problem will start occurring. This is not a small amount your relatives have invested. I hope they have taken this decision on their own so that they don't blame you for anything. Relatives are quite tricky to handle.

Well that's a good idea, but in my personal opinion let them know how risky its as well despite of the advantages of crypto currency from other way of investment , i mean so that they're aware and ready to handle every situation in the crypto market. because you know not all the time you're with them to assist and to give an advice especially when they're worried about their money when there's a normal fluctuation of the market , maybe they will blame you at the end of the day when something bad happens to their investment. Lol so i suggest to give them some specific information so they will know..

I should give appreciation to you, because you have succeeded in inviting two people to invest in bitcoin, my advice from now on you must guide them, and teach them to be able to invest in bitcoin, so that they are not deceived by greedy people,

You must be feeling really happy right now for helping people get into the crypto community but I hope you have made them understand the basics.
Getting new people into crypto is good but it's our duty to make them understand the pros and cons of it as well.
The huge volatility and high price fluctuations followed by the long bull and bear markets and network congestions are things worth mentioning.
If you did that then well and good but if you didn't then you should let them know.
Also, tell them to keep reading about cryptocurrencies and stay up to date with the latest crypto news as well.
This will keep them updated, excited and will make them feel they are a part of the community.

I am glad that the OP is about to convince people. I gave up doing that many years ago. I made my first investment in 2012, when I purchased Bitcoins from LBC. And one year prior to that, in 2011 one Ukrainian guy (with whom I was working on a freelancing project) tried to convince me about Bitcoin. I refused to listen to him, and this is one of the biggest regrets in my life. And in 2013 and 2014, I tried to convince some of my friends and relatives to use BTC. But the reaction was very hostile and many of them accused me of trying to force them to invest in scams. After some time I gave up. Now I am sure that many of them will be regretting about it.

This can be very good for them and did a good job to help them invest no matter of the price and the coins you bought for them for you had to consider telling them about the risk can have in this market, many other people expecting to see the same system as stocks market so you will need to first tell them about the risk and make sure if they know what they are buying, maybe talking with them for a few hours and explaining them about bitcoin can be helpful so they will not invest with closed eyes. Also, don't forget to tell the new investors about the timeframe because most of the people earn amazing profits over their investments on the crypto market hold for the long term.

I'd also be concerned if you were blamed for their misconduct/misfortune. I also invited two friends of mine a few months ago, but made sure to warn them that I'm not responsible for anything nor take my advice for granted, in case anything happen. Likewise, I've heard quite a few incidents of newbies losing their money and then blaming their mistakes on someone else.

In your case, you've mentioned that he has experience with the stock market, thus, he's probably more capable than the average newbie. On top of that, his portfolio is consisted of a variety of coins, too wide in my opinion, but may balance the risk if one or more altcoins enter the bear market.

Just make sure that you are not held liable for any kind of misfortune that may turn up.

Its always nice to see someone helping others if you have the knowledge about certain things. But I hope in the process of giving thoughts to them you should've mentioned the possibility of it being bearish at any point. They will learn so many things through experience and together with your guidance I hope for their success.

Congratulations on introducing your close ones to crypto-currency, but am curious how did you go about telling them the potential of crypto-currency, I don't think it's enough just showing them your portfolio to prove a coin worth, because when it drops your uncle and his friend might blame you for giving them a wrong advice, I have seen people telling their friends and family all rich and beautiful things about crypto-currency, I think if you hadn't, you go back and tell them how volatile crypto-currency investment is, and also what crypto-currency can be used for, if they aren't just investing in it alone.

That's the point, keep using reasonable analogies, for the sake of insulting at times altcoins can easily fall and struggle to grow in a short time. So this certainly has a safe impact if it only refers to Bitcoin. Everything does not need to start in a hurry, investing must know the right time to enter and make a purchase. If it's too much to share in the case of multiple altcoins, I'm sure the OP won't be held responsible in the event of a crash which is quite worrying for the altcoins.

Exactly, I get the point here, that the level of reputation alone is not a reference but a growth from day to day. Regarding the reference to the 10 rankings, it is only an assumption and not from what is happening in the field. The point is that progress in investing does not have to drop all of one's finances in one purchase. It could be once a month, because the price cycle you get will vary and have several different profit values. Isn't that what you mean? In addition to learning, it is also an adaptation to recognize every investment advantage last month with the next month's clearly visible comparison.

This situation will definitely come, and people will blame the one who advised them to invest in cryptocurrency. Because people are always looking for the culprit, such is the nature of man, anyone is guilty, but not the man himself. In any case, it is said correctly, it is imperative to warn about the high volatility of cryptocurrencies, so that people would understand this and be ready for the fact that the price of their coins can both rise and fall in price.

I hope this will turn out great after you recommended it to them since Bitcoin is very unpredictable and I don't know how did you make them to believe that Bitcoin would give them a good profit in return or other crypto investment. Some of these coins that you mentioned is not on my list (well, I ignore most shitcoins).

It's great that you did helped someone to invest in crypto currency but the thing is, I just saw your other thread and you said that Bitcoin is illegal in your country. Everyone was worried if your uncle and his friend won't blame you when everything goes wrong. I know you know that Bitcoin and other cryptocurrency wouldn't always go up. It would be great if you explained to them the bull run and the bear trend in the market.

This is somewhat interesting to see. Once they see the market is turning red, I hope they will not panic and sell their assets at a loss. The OP should also explain that in this market, you can't expect your investments to always be on the positive side. Part of this market is the up and down movement, so he should orient them not to make mistake when they see their portfolio plunging. Also, since they have several alts other than btc, they can also follow the updates of the coins they are invested in, so they have idea on what is about to happen in those coins. It is better to trade those coins if you have enough knowledge on their real progress rather than being blind about it.

Many more people are now being interested to invest in cryptocurrency.
It signs good and it is very potential to grow up again and accepted by many more people in the worldwide.

However, have you also told them about the nature of cryptocurrency? Its volatility and also its risks?
Because someone must also know the risks of an investment in order to prepare them if something bad happens and they have already known the risks from the beginning. And that will not be your fault.

And about the investment, well, I support some coins there, moreover the top investment of Bitcoin, Etehreum, BNB, and ADA.
DOT is also potential.
But, I don't really know about UNI and also DYDX, are they really potential?
Hopefully yes.

Its a personal basis because its up to someone if they would make out even in depth research rather than just simply buying and waiting for your investment to grow.There are people who are mindful about it and being curious and some people doesnt really care at all.

You would really able to see cryptocurrency market's potential if you dig deeper but if not then you would just simply miss out the opportunity to earn more.

There are only two types of people is to those who are afraid to take risk and to those who are willing to do such thing.

it's a good thing if you can really help and invite people closest to you to get into bitcoin because it's not easy to convince someone to invest in bitcoin especially with a big enough capital. but don't forget to give an understanding before that the crypto market can go up and down and that can happen at any time. if you can accept it of course it will be good but if you can't accept it it will be difficult and create chaos. so it would be better if after helping to invest it also helps to provide understanding so that they can determine their own time to sell or buy coins.

Have you explained to them the potential risks of investing in Bitcoin or altcoins as well? You also need to warn them that there is no guarantee Bitcoin to continue increasing in the future. If they want to join Bitcoin/Altcoin investments, do it with their own risks! This is very important to explain to them. If you didn't do it, they will blame you when they cannot get sufficient profits or even worse get losses then. Be careful, don't be careless to invite/help people investing in Bitcoin/Altcoin.

If he really warns them of the risk involved, they'll not come to blame him when things go wrong,
and if they try to blame him, he can simply remind them that there was a disclaimer.
But, before you bring anyone in, I'll strongly suggest that you are sure of what kind of person they are,
so you don't end up receiving constant disturbance. Just make sure they have a matured mind, that's just it.

It is not easy to make sure people have matured minds. Especially for those who are new in crypto investment, they sometimes don't really care about being matured minds. Most newbies just focus on the way to gain big profits, mostly they invest in crypto because of greedy to get instant money. Although it is really not showing matured minds, non-crypto people invest a big amount of money in crypto, ($25000). They must start investing a small amount of money.

I also asked the same question to OP. There is a chance to make a good profit, But there is also a huge risk available. If OP did not discuss the risk, His uncle will blame him in the future surely. All people make investments in crypto currencies because of profit, But everyone cants able to make it. Many people loss here. Before making any investment in cryptocurrencies people need to know everything about how it works, what can happen in the future ETC. It seems OP is not active, hope he will come here and provide the answer.

good move for your uncle and his friend. I think they also have the same thought on this. $25k is a lot of money, so I don't think your uncle and his friends are half-assed on this. however, when it comes to crypto, patience is paramount. After this, your uncle and his friends will be tested as to how far they can withstand that investment.
Beyond that, I'm also quite happy to see that you've made a pretty good investment for your uncle. those are all potential coins, and I hope the price will also go up by the end of this year. however, the coins are well worth holding on to in the long term to see their huge profit potential. maybe after this, your uncle and his friends can focus on developing investments in bitcoin, ethereum, and BNB.

You are right. Is important to let them know the risk behind Investing in Cryptocurrency. When I bring people into the Crypto world, and they want to invest. I do explain to them that the price of coins do rise and falls. Also teach them about been patience. If you don't do this things. You might end up been a bad person to them, when there is drop in price of those coins they Invested in. No doubt, Investing in Cryptocurrency is however profitable.

The most important part is the volatile part and not to tell them in a forceful manner to invest as I saw it many times when the market will turn red for several days or months. there are lots of people who will cry and will blame anyone they can blame. So it's better for them to know the truth than letting them ride the boat without warning them of a possible storm and one more thing they need to invest is the amount that they can afford to lose. so they can avoid great losses when the market won't result in promising green days.

This is one of the reasons why I don't get too involved nowadays. No matter how much you educate them, if the price drops all of a sudden, or in case the coins get stolen, these guys are going to blame you. What the ordinary investor want is high returns with zero risk. But there is no such thing. You can opt for low risk assets, but then the returns will be low (US treasury bonds have interest rate of 1.3% per year). On the other hand, if you opt for high risk assets, then there is a chance that you will get good returns. But you should be open to the probability of your asset losing 50% of its value in a year.

Personally, if I were in the OP's position I would look at the market situation and if the situation is not possible I would not recommend it, because I don't want my uncle to suffer losses because of me.
if the market is trending i suggest waiting until the price really drops to make a purchase and suggest to make long term investments and prioritize bitcoin, uncle OP bought bitcoin around 47K and currently bitcoin price is around 45K and so on, and how your uncle reacts when he sees the current price is definitely a disappointment.

Indeed, sometimes our good intentions to help educate others don't always go well, there are always people who blame us if they fail. If you really
don't want to be blamed for inviting people to invest in Bitcoin, what you're doing is right by not getting too involved. But I can't do that, because
I really want to help other people get benefit from Bitcoin like me, especially for my family and friends can feel the benefits of Bitcoin. I feel very
happy when I succeed in helping others, but if it doesn't go according to plan, I can only be patient and don't think too much about it. At least I've tried
to do my best to make Bitcoin more widely used by others.

These are the type of persons which blame others for their misfortune.When someone explains to you that there is a risk you can lose a lot of money in crypto and you still have decided to go on,if that doesn't go as planned you are the only one to blame and not the one who you asked for help for your investment.I am sorry that you learned it the hard way but better like this,now you always will say no to anyone from friends and family and you will have total peace of mind.I did the same but I was lucky and my relatives praised me and continued to buy crypto and now they now crypto as well as I do.

Hopefully your uncle will not slap you for getting panic once he see a negative movement towards his investment ;D just kidding.

Anyways its good that you are pointing him on the good coins but you need to guide him more towards volatility so that he will not get panic with volatility as well he can carry out those challenges possibly he can face towards holding those crypto's he bought.

Let's just hope that OP is not held liable from his relatives, especially now that the market is going through a crash. Bitcoin is down to $43.000, taking all other listed Altcoins with it. And that's why I don't give out financial advice, especially on crypto.  I'm hoping that your relatives don't go frenzy seeing the market in such state, and start panic selling what they've bought.

Its really a great helping nature of you as you helped them to invest in Crypto.But my question is are they know about the risks and rewards from crypto ? Basically a new trader can make some faults as newcomer has no experience in trading.
Hope you will help more to learn and to know how to trade properly.

quite a large investment, for people who are new to bitcoin, do you give an idea if there will be a storm on the coin that your uncle has? as bitcoin is currently touching 45k$ at the moment , I hope you are far from trouble and can explain to your uncle with the current market conditions.
in here you are not wrong in recommending which coins have the potential to be able to benefit in the future, it's just that you have to be ready to explain market conditions

Hopefully you've also told them about the risk that bitcoin poses because it's essential that they learn the risk of investing in bitcoin, not to mention that they've invested a pretty large amount of money so it's going to be hard for them if they are going to be surprised by the volatility.

The timing is also right as market has slump today by 10% or so. So buying around 40k for me is really the best thing as was not expecting it to fall this bi, but here is an opportunity to start accumulating at such discounted price before again it starts to rise back.

Really happy to see you bringing your neighbors into crypto. Its really hard to convince people to invest such a big amount on a new platform. You were so practical in showing your portfolio so that they see the real evidence. Good that you have guided them to invest on few best coins. Side by side, teach them about crypto and ask them to be updated on it regularly. When they start learning more about crypto, they will have more confident enough to even invest more or have knowledge enough to watch the market and deal with it accordingly. Hope they too bring in more investors after they see a reasonable profit.

Surely it is a good gesture by OP but as many other members also feeling it's really have bad impact on relationship or friendship as well because OP need to give some good understanding of crypto before this investment my personal experience is not good in this case, so I know I am not giving any view about this just giving update about crypto because its more important for many peoples those want to join this community.

Just investing can hurt them very badly in short term currently market situation is not good and most of the coins/tokens going in red if this investment also progress in negative way then It's going to give very bad impact to them, and they can feel negative about this community and start crying as scam.

Those numbers aren't a joke, OP. I guess the mindset of "risking something that is worth losing" is already in your uncle.
I just imagine how would it feel to at least have connection inside the crypto space though. I was referred to invest also in Bitcoin back in the days, but I lost contact with that friend of mine due to them moving out.

Just a tip there, OP. Let them explore the coins that "they feel" worth the coins, because they still need to get used to the volatile conditions of the market. It isn't the same as stock market trading from your uncle's experience.

the important thing is that when introducing crypto to new people you have to provide a little education.  you also have to give some knowledge a little bit about bitcoin to the person, so that the person can be balanced.

Darn bro, what a bad time to join in, crypto just crashed and he's in negatives now, but I think it could be better for him to understand that are a lot of ups and downs, now he needs to keep holding, and when it goes back up hopefully, it will show him that he shouldn't panic sell, because this happens very often in crypto markets, especially this year.

Great. Now it's time to also help them learn more about crypto. It's not just about buying it and setting it aside as an asset. Might as well help them learn how to use it and hope someday it could be beneficial to them.
Since you had the patience to assist them in buying those coins, I wish you also have a long patience and knowledge to answer all their question if ever they suddenly want to dig more.
A good example could be now where almost all cryptocurrencies are down. How will you explain it to them? Also, be clear that you cannot be blamed if ever anything bad happens.

You go tell Cobra he is an idiot.

Get up to speed first.

Oops your uncle and his friends seems a bit earlier for investing, price drops quite hard recently but it's okay if you told us he is also a stock investors means he already have an investors mentality and could handle all the drops easily.
It's a good news for us everytime we heard someone is investing on crypto means more marketcap in the market, hope the market will recover soon and hope your uncle and his friends not regretting and keep investing more in crypto.

Well.. this is the toughest test while investing in cryptocurrency actually. Panic selling has brought losses to a lot many people from this category. The problem is that whenever the prices go down by 10% or 15%, the social media will be flooded with all sorts of FUD, warning the users that Bitcoin may lose up to 80% or 90% of its value. And in many cases, the users sell their holdings in panic, in order to avoid complete loss. Only after suffering this type of losses for many years.. they will get themselves adjusted with the realities of cryptocurrency.

I got paid out in BTC just moments before the crash and now it's lost over 10% of its face value https://cdnv1.csgo500.com/emotes/harold.png

sometimes people wont just believe in crypto if they dont see it on the mainstream media but what the media is broadcasting that time is negative ,  good thing that your uncle ask you further about cryptos  .
i think he got intrigued if crypto is really bad or not because why are you involved on it anyway ? though theres more better and cheaper coins that you could suggested but thats not a big deal , what important is you add people in our community

If you want to help others who do not know about the crypto world then do not choose too many altcoins that we can not say can develop in the future, because they will feel panic when the market is experiencing a dump as it has been happening today, then choose coins that have high potential such as BNB, ETH and bitcoin because the coin has been relied on by many investors, And you should also tell that the risks in investing are huge.

It's really good to have someone who's knowledgeable enough to given guidance to other people who plan to invest in cryptocurrency so that complicated stuff can be explained in simple terms. In addition, it is important to diversify your funds by not going all out in one specific coin but rather distributing it by percentage just like on what you do. A large portion of your funds was allocated in BTC and the remaining are distributed to the different coins which somehow lessens the risk of losing all of your funds.

It's really good for you. But I would like to say that the amount seems too much for me as this is a new person in this market. I think that a newbie should always start with little amounts and experience the market first. Because they can lose a great deal of money too. They should do a detailed a research about the projects and then decide what to do.

Same thing goes to a couple of my high school friends who bullied me for years back then. But now we respected each other and I helped them with the basics because of their strong interest with Bitcoin and other cryptocurrencies. As a result, both of them kept meeting with me at least once or twice a week (sometimes none due to busy schedule) and treating me with dinner or so because of unconditionally helping them despite remembering that I am bullied by them and the rest. 

Volatility goes both ways. Sometimes you gain, and sometimes you lose. But I will tell you something very interesting. Even after the dip, the exchange rate of Bitcoin right now is higher than the price we had anytime during 2009 and 2020. What does that tells you? For me, it tells that if you hold Bitcoin for medium to long term, then you will get guaranteed profits. On the other hand, if you want to spend some of your earnings, then you should have immediately converted some of the coins to fiat or stablecoin as soon as you received them.

Glad to see that you are helping pass along some knowledge to your family members.  It's funny because one of my uncles recently approached me about the same thing, but my advice to him was more so to just focus on the main coins in todays market which to me are simply bitcoin, ethereum, litecoin and monero. 

25k$ is quite a lot for a beginner, I don't know before you and your uncle bought some coins. Have you discussed crypto before?. I think you should teach your uncle the basic things about bitcoin and cryptocurrencies before investing so that he understands where he is investing and will hold himself accountable when the market is not good. One more thing: the coins that he invests, I think only BTC, ETH, BNB should be invested these are the safest coins for newbies. It can be said that ADA, DOT .. are potential coins but in the market we can not predict anything.

Is your uncle experienced in investing and able to hold crypto for a long period? Or is he already biting his nails, while thinking why the hell market prices dropped that much? Hope current situation wont spoil your relationships with family. And hope these 25k invested were not his last money.

Btw, you have mentioned that he has bough a bunch of different altcoin also. Were does your uncle keep them? Hope not on exchange and you helped him to buy a hardware wallet.

I agree with this, people that I know in my family have talked to my father and I about bitcoin and crypto. My grandpa on my dads side understands it, but the people on the other side of my family dont. My uncle on my moms side, when we were talking about crypto asked "How can you make money out of thin air, how does the bank know you have it?" I had a hard time explaining it to him and he still doesnt understand that currency is possible without a central bank. They also dont understand mining, which is a whole other thing to explain to them. So now when people I know ask for advice when it comes to crypto, I tell them that their own research will be better than asking me about it.

Waw I think that's nice you leting other people to knw about bitcoin and cryptocurrency in general, but do you tell them about the basics of cryptocurrency the reward of cryptocurrency and the risk associated with cryptocurrencies so that they won't just wake up in a day and notice that there wallet has reduce and they will start disturbing or some might even accuse you of stealing their money. Seriously I learnt my lesson few years ago and I promise I can only teach people and won't collect there money to invest for them.

It's much easier to convince someone to invest in cryptocurrency, you can show them several proof/evidence that the people who invested in Bitcoin gained a huge profit after Bitcoin reached its ATH, it's not like before when most of the people believed that Bitcoin used to be a scam, today, more people would like to invest in crypto rather than in fiat, and because of this, we can easily convince our friends/relatives that they should atart investing in BTC.

I wonder if you have explained to them the short-term risks of the market. When some of my friends want to invest, I ask them to invest in an amount that can accept a loss. However, they never thought about losing money. The first reaction is how much profit they will have.

I introduced bitcoin to friends several times, and most of their responses were negative, they thought that bitcoin was like multi-level marketing where when they invested I also got a profit, it's hard to convince people to get into bitcoin because all things related to money make people suspicious.

Convincing non-crypto people to invest and you being able to convince them is a good thing. But also it is beneficial to them as well if you are going to tell them about volatility in the crypto markets. It is important to note that the cryptocurrency markets are very volatile and that bear periods do happen a lot. In case that the prices do increase two or three fold in Bitcoin then let them decide if they want to cash out or continue waiting.

the most important thing before inviting someone in this business is to tell him to bear it at his own risk. if not, then it will be a very sensitive matter, even more so in your family.
In some cases, even a small amount of money can cause big problems for a person's relationship. however, I hope that your uncle and his friend can accept this. besides, based on his story, I think his uncle is very dedicated in investment matters. I think he is willing to take a big risk.

That's great. It's been an amazing experience. It's great that we can introduce cryptocurrency to a lot of people. That makes cryptocurrency gain value of trust in the eyes of the public and business people. All you have to do is be confident in the assets we invest in the future. Usually will get a profit at an extraordinary price on target even exceeding it. You have to believe!

If your uncle and uncle's friend are strong enough and have a habit of patience in their difficult moments then maybe your help today will come in handy and they will feel benefited by making decisions like your advice.  But to be honest I don't think it was a good decision to bring them directly into the investment before observing the whole thing.  Could have been benefited and helpful.  And any time this market can take any shape, it doesn't have to be the other way around, so if they know the basics, they won't have any way to blame you at that moment, also there have a matter of losing funds, so if they know what are they doing and how to handle it properly, they will know when is the right time to jump in for it.

More number of non-crypto people are getting into cryptocurrency usage. This trend has begun after the pandemic. Myself too had an experience. One of my school friend who is not into my contact for a long gave a call and discussed about buying cryptocurrency. Myself gave suggestions, and further he have invested on few of the low priced altcoins of his own. I gave details about few of the cryptocurrency exchanges that are providing legitimate service in my country.

One day you will learn, if all that you wrote is real, that it is a terrible idea to get involved in the finances of people around you - especially friends and family. Most people who have been walking this earth a while have learned and been burned from either receiving these sort of recommendations or taking them. Unless this money is a very small percentage of their personal wealth that they are willing to write off forever, then it is a terrible idea to make such recommendations. People should really learn for themselves about buying into cryptocurrency, especially since you've directed them to such a wide basket. When things start to go sour, you will end up ruining relationships built up over a lifetime and people can turn out to be very shallow when it comes to their money.

This is such a great news . People are attracted towards cryptocurrency . I will say they did a great job to invest  in crypto .0it will give them a huge profit . About three days ago one of my uncle invested some money in crypto  I helped him।  I bought some ETH for him. Now wait for new ATH of crypto . Hopefully they can make good earning from this investment . But tell your relative to  have some patience as crypto is always about patience and hodl .

Undoubtedly, this is an important and service-oriented task because we should help people who do not know about cryptocurrency but are interested in investing. Since you are a new man Cryptocurrency is a new contributor to cryptocurrency.

I remember when i tried to convince my friend and my parents to investing some money in bitcoin and in crypto they all laughed at me and said that i am just thrwoing my money into the wind and that i will never make anything of it, but a couple of years after they saw how i was able to get so good hard Chash and they were impressed and some of my friend kept asking me for advice on how to invest and where to invest and they are now caring the same thing to their friends, and by that i mean don't be afraid to give some advice even if they laugh at you first.

Cryptocurrency will undoubtedly play a very good role in introducing someone completely new to cryptocurrency. Because this will increase the number of new customers in the cryptocurrency. And that customer The number of new customers will increase later.

a good thing to help others invest in crypto. It should also be emphasized to your uncle that investing in crypto is just like any other investment, that is, there are good sides as well as risks, so don't panic if the market is down. I think you don't forget that because it's a basic thing before investing in crypto. Just like other beginners, your uncle can get failure so you need to guide him so he doesn't panic too much about it. don't be too ambitious and rush to get big results at the beginning because it will make it easy to panic if the crypto market is down. understand market movements so that you can determine the right time to sell or buy crypto again.

You can tell him the knowledge and investment skills of cryptocurrency. You can let your friends invest on their own after understanding the market conditions. It is best not to help others make decisions when investing.

well that was very thoughtful and generous of you. you just made their life a little better, you gave them the knowledge to invest in crypto meaning that they can invest in their future and by doing that you just made 2 people have access to better future and that is some philanthropist work right there.

I am happy for you for been generous to help people invest in cryptocurrency. Crypto has much opportunities to give to her investors who are able to wait and endure the time it will take so they can enjoy the reward of there patience and time. Tell your uncle and friends that they should not worry but really to sell after mid next year cos crypto is going to surge higher that what it is now

Making their lives better will always depend or vary on how that someone will particular doing well on this market and not on the hands of OP but at least  he do make out some share up of some good opportunity

on where those relative or known or close people to you would at least have some idea on what they've been doing on this market.This do really spreads out the interest and awareness of crypto.

We are slowly or gradually increasing in numbers and in near future on where people would really be that able to get on what opportunity that this market gives.

It sounds like a positive vibe, hopefully the people you are helping... will feel the joy of benefiting from crypto proceeds.
Indeed there is a special feeling to introducing crypto to some people, and till then they are interested in it, especially until they profited from the efforts described, especially in investing.
By the way besides that, don't let people who are not familiar with crypto even feel disadvantaged, we really have to explain from the basic, certain risks, so that they can facing it till get a profit.

It is a very good thing that you shared and successfully made your uncle to invest into the crypto world, a step into the crypto finance space, where everyone can make good deal of profits within a limited space of time. It is also necessary that he should be aware of the risk behind it. The risks which is faced here is not like the normal day to day investment, in here you are the boss of your fund, therefore, no one will be held responsible for mismanagement. I will applaud you to let him know that patience is a key factor in this side of the financial industry. Actions taken here should be properly scrutinized and ready to accept all returns at any given point in time.

That's a good thing. So you made them both invest a total of hundred grands? That's a very daring move. I hope you warned them about the market volatility. Show him the charts on how the market price can go up and down within few days or even minutes! And then zoom out the chart and show him how the price in the long run has always increased. This will motivate him to keep holding his coins. I hope you also taught him how to keep his wallets and coins secured. Good thing they made a diverse portfolio (expect BNB).

Have you informed them about the volatility of the market? I think when the crypto market will have a bearish mode, they will blame you. 40% of the investment is in BTC. Surely they will experience the roller coaster.

Its an achievement to inspire other people to invest as well to bitcoin (or crypto in general) because thats we are fond to do. But did they take time understanding the nature of crypto and the risk associated with it before investing? We know there are times everything is not going according to plan thus its a must to be prepared for worse situation since sometimes its inevitable. The thing that we want to avoid is to be the one to blame for their losses, I experienced that before thats why im careful now on helping people that are interested to engage themselves in crypto.

This is really a positive thing to help crypto become more and more popular with everyone. I have also introduced Bitcoin and ETH to my friends, they don't seem interested. But I tried to explain the future potential of crypto, and now they are interested in this market and have small investments

I think that’s great that people are getting more and more aware of cryptocurrencies. It’s about time I would say. And it’s great that you could help some people do that for themselves. I think that in the future when they earn huge profits, they will remember how you were the one who helped them start this journey.

It's definitely great but at the same time, it's actually a good thing that more people gets in because when that happens, the prices go up and with more people using bitcoin, it will eventually become a norm for many countries to use crypto for daily transactions, and more people will be financially stable.

Mate, we know how terrible the crypto world. Many people have succeeded here and many people have become destitute. I think investing in the crypto is completely risky for newcomers. Anyway, I hope they can be successful with your cooperation. Because you have chosen the best coins.

It is a matter of great joy.  Even if your uncle is not knows about cryptocurrency, he has invested a big amount  of money here. and he is now already in a better amount of profit on Bitcoin, BNB and some othes coin. have a good investment for your uncle.

this is a good and noble step you are taking to others.
at least they are now able to feel enough profit from the investment results they made through your help some time ago.
especially for bitcoin's rise now I think that's a pretty great thing.
on the other hand eth, cardano, dot and bnb are also experiencing the same thing and it's even better.

you did the right thing my friend I think your uncle is grateful for the current achievement

Your excitement is contagious, it's a positive progress, but this act, you've successfully upgraded the financial ability of both your uncle and his friend.

I just hope you where able to tell them that's this isn't a win win game, that they're times when trader's and holders experience loses, hope they where able to come to that light and still accepted to invest nonetheless.

If yes then you've done an all round good job, just keep monitoring their growth, but if not, I'll advice you  do so.

You would really be having that kind of feeling on where you do boost up yourself whenever you do teach up someone on things like
 this on where you do help someone on knowing and learning new opportunities which could help them later on if they do able to have
some good grasp on the market,

It also adds up the level of recognition at least and we are really needing that to make this market even more progressed in near future.

you know, what am i afraid is when face with older, they will take more energy, need explain more, detail, slowly until reach what we want to tell. not all people have big brain, but in my place, they like 'ah, uh, ah, uh'. desperate come before i try, and after try convincing them i feel nothing, because they just dont understand what i want to say.

They heard in News and automatically come to you helping them how to invest? .
 but its good that you come to them with positive result.

really? that is a Big amount for someone that have just heard in the News and with negativity ? and all of sudden put 25 thousand Usd? strange lol

happy to hear how you introduce bitcoin and crypto to your closest people

you say your uncle is an investor too then that's good because he must already know the risks when the market is bearish

keep monitoring your uncle's investment and support him for what he wants to do with his investment, when it's profitable and he wants to sell then give a little advice but still pay attention to his wishes

Yeah, that might be a problem sometimes when you are trying to explain cryptocurrency investment to the elders but the good thing whit this one was, they heard on and came to seek assistance with the investment which most of us have all done at a point at the beginning of our crypto journey. Most older citizens still find it difficult to understand it when you try to explain Crypto to them but others are quick to catch up and it was most pleasant the OP was able to close their needs. 

it is the right step by helping two people to invest in the world of bitcoin especially for beginners we have to introduce them to how the business of this digital world works.with the learning that we give them at least it can make bitcoin gain the trust of the public, I think it's a very appropriate step that you have taken in entering these 2 people into the world of bitcoin

First of all helping is a good habit.  And I appreciate your good work. And I suggest you to help others in any field. If a person is new to crypto then then it is very difficult to understand. Where to invest and at which to invest. so, if anyone have good experience in investment then he has to help others

It is good to invest your money in Bitcoin, still the decision that your uncles have made isn’t really a bad decision, it is what is called not putting all your eggs in one basket.  And moreover the list of coins that you have here are really good coins that are worth investing. In a long term they’re going to be happy that they did invest in this cryptocurrencies. Coins like BNB,Cardano, UNI, ETH, and others that you have listed here are really good coins and I also have invested my money in them. Apart from investing in these coins, I’ve also introduced a lot of friends to invest in these coins as well.

I am proud of you, your uncle who asked you to teach him how to invest in bitcoin, you have become his role model...

I used to be the same like as your uncle, I played forex then curious about my friend who made money more than me when he focused on crypto. I asked him then he taught me the steps to buy bitcoin, it was really my great encounter with crypto. I am very grateful to know crypto.

How to sell? For sure you wouldnt able to tell the precise thing but what matter most or on general idea is that you would secure out your profits once you do see gains or greens.

No one could able to tell on when to sell because this market isnt that predictable and also it would vary on someones goals and target because some might longing for short term and some for long term.

What good is here is that you do out other people on learning this new opportunity.

I think, that he needs to do next. A good explanation to the right person has no reason to fail but clearly, be understood. As these people were his relatives, that could be easier for him to guide them. They have an interest in crypto investment it means that they are also willing to follow what their teacher say's or else, that it gives them the reason to frustrate themselves and then blame back to the person who's telling them.
This can be a sad story but I see this different view based on OP.

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Only I can suggest keeping them not hypes and never invest in a huge amount if they do not totally understand how this works.

This has happened almost two months back, and the new comers have already recorded their profits. Now its there time to decide whether to take the profit out or keep on adding more to the investment. Op have done a good job helping at the right time. Possibly now they could've understood about the market, and now let them to experience trading with small fund or else for every decision they might depend OP. At times even our prediction will go wrong.

Most of the coins that the two newcomers had bought now experienced a fairly high increase. The OP should have to help the two newcomers
by suggesting what to do. As the OP, I would suggest selling some of the coins that have gone up in price, because it is very important for newbies
to feel profit. This is to motivate them to think positively about crypto, it is better if the OP continues to be a mentor for the two newcomers.
Because it really needs a mentor for newcomers to quickly understand how the crypto world works, hopefully they are now starting to understand
about the crypto world. It is better for newcomers to start learning how to analyze the market, so as not to depend too much on other people.

That was an achievement unlocked Mate, it is really hard to lure and make people invest in crypto with that big amount for beginners .

I tried to ask some of my friends and family but only few respond and very tin that they invested , but you? 25,000 usd both ? i may said you succeeded your task to be a legit and worth cryptonians.

My respect and salute to you and of course to your Uncle and His friend.

Older people are more conservative and they don't easily adopt new things. Especially when they know about bitcoin and its volatility, they fear investing in this currency. It is sometimes very difficult to convince them. On other hand, its easy to tell younger people about crypto because younger people are looking for new things and innovations.

I'm pretty sure OP didn't just say some sugar-coated words in order for the two guys to invest blindly rather when you talk about crypto and suggest it to someone else, you always highlighted the volatility of the market to avoid confusion when they see the market crash in a day after they invested. Just like I always said, you need to clarify to those people about the pros and cons of the investment but be sure to answer their questions honestly in order for them to decide on their own.