The best advise given to a friend that needs to invest in any scheme .

[Somto9Light]

, he agreed with me and he have started investing because he said that he doesn't want bank people should be deducting from his bank account, and even since that friend of mine that is a farmer has been thanking for adding another skill to him joined to his farming work, so i want know if actually i did the right thing by introducing him into Bitcoin investments?

You mean your friend started thanking you when he haven't tested the profit? or for recommending him to invest into bitcoin? Well whatever the case May be I think you did the right thing but if only him would keep to those things you told him about bitcoin investment without doing the one he have in mind because this is how most newbies do probably after giving them the scoop about bitcoin investment they can choose to do whatever they feel like behind your back. maybe after they most have messed things up by themselves then they will have you to be blamed for bringing such suggestion in the first place, I just hope your friend is not this type.

[Pearl_20]

Yes, you did the right thing. Some friend's would rather offer bad advice or even advice their friends to invest in things that wouldn't yield any profit for him .

But he also needs to understand that when it comes to Bitcoin he has to be patient, not like he will start seeing the result almost immediately he invest..

[Iamgoat]

The first thing here that's important is that he came to you for advise and was willing to learn about Bitcoin, it's more easier for someone to understand crypto when they concentrate and their mind is fully made up. If you were the one that went to him and tried to convince him then I don't really support that. There are lots of people like this that are looking for something to make money from passively, the world has gone digital and making money now isn't all about doing a lot of hardwork. Those that have taken advantage of the crypto market are now enjoying the benefits of it

I agree with you you totally on this one. When someone comes to you in search of a knowledge, the person tend to be more serious than whoever you go to. First of all, the person who came to learn from you must have developed the burning passion to gather such knowledge before approaching you in the first place. If you were the one approaching him, whatever you say or teach such person can be taken with a pinch of salt.
Everybody is search of knowledge today knows how to go get it even if it as far as China but is not always the same experience for those who you went to meet to teach the knowledge . Even the shoalin and taekwando students go to the school to learn how best to play such martial arts and  you don't expect them to sit at home where their masters come home to teach them.

[Princess Leah]

Your friend asked you about Bitcoin, which means he already has little knowledge about it. You have done well by giving him the guide on how to acquire Bitcoin, but there are a few things which you did not mention here that I consider important if you want to be honest with any investor.

I hope you did not forget to tell him about how profit is not always counted; sometimes the market can be against him, and he will see his capital reducing and how to react in such situations. And I also hope you did not forget to educate him about the importance of security in his holdings in order for him not to lose it to hungry scammers.

Everything you've just said is true, when explaining things concerning Bitcoin investment to newbies you ought to be very specific and help them understand in details what they're about to embark on so while telling them the advantage of investing on it, you ought to let them know the possibille threats they might encounter that would hinder their investment.

 Newbies don't need to learn everything at once but they ought to understand the basic stuffs which involves how to buy, where to buy, how to secure their coin, and where to secure it, then along the line they'll learn how to be consistent, how to take advantage of the market etc however helping newbies understand the basics is very important.

[Rockson1]

For someone that is is still new to bitcoin you must tell him about the risks involved as well...A lot of people teach newbies about Bitcoin and don't tell these people are mentoring about that dangers of crypto currency...it's possible to make profit and it's also possible to lose...fee months ago Bitcoin was at ATH but as at today the market  isnt the same, the price is going down and people have lost a lot of money

Very well said, the risk thats associated with Bitcoin investment shield be among the first thing to tell a beginner so that he won't be thinking that once he invest, he will blow immediately, newbies think some how funny, some of them already have it in mind that bitcoin investment will give them all they want in a short period which we know that, such thinking is not possible.
If I am to advise anybody to invest in bitcoin whether the person is my friend or not since I know that if I don't explain things to the best of my knowledge to them, blame might come at last, i will take it upon myself to make sure the understand everything involved and allow them to take the rest decision.

[Youngrebel]

E dey good to tell people about bitcoin and when dem want to invest you go tell dem di risk. And ask dem which of the plans dem dey interesting. Na di long term plan or di short term plan because many people think say bitcoin na like get quick rich scheme so some of dem go like to sell within weekly or monthly so you have to go deeply to explain many things to dem so that dem no go misunderstand di investment thing.
One mistake dey do in the investment process, dem go blame you for not guiding dem properly. And don't rush them to invest and if you know say dem go chop di money, you go fit buy keep in your wallet and wen di person Sabi well well, you go fit send give am. And di advice wallet na non custodial wallets.

[Mate2237]

Your friend asked you about Bitcoin, which means he already has little knowledge about it. You have done well by giving him the guide on how to acquire Bitcoin, but there are a few things which you did not mention here that I consider important if you want to be honest with any investor.

I hope you did not forget to tell him about how profit is not always counted; sometimes the market can be against him, and he will see his capital reducing and how to react in such situations. And I also hope you did not forget to educate him about the importance of security in his holdings in order for him not to lose it to hungry scammers.

Yes that's True it's a good thing that you introduce yourself friend to Bitcoin investment because it will be better if you explain everything to him since he is a new comer to the crypto space, because one thing that I have noticed is that people always don't tell newbies everything about Bitcoin investment they only tell them about the profit that they can make without telling them that Bitcoin investment is like any other business that can also record loses.



To give these newbies who are intending to come into the crypto community it's better that they get to know the details on how Bitcoin works especially the bull and bear run so that they can know when to invest or buy and even for long term investment plan.

[Skydrill]

Your friend asked you about Bitcoin, which means he already has little knowledge about it. You have done well by giving him the guide on how to acquire Bitcoin, but there are a few things which you did not mention here that I consider important if you want to be honest with any investor.

I hope you did not forget to tell him about how profit is not always counted; sometimes the market can be against him, and he will see his capital reducing and how to react in such situations. And I also hope you did not forget to educate him about the importance of security in his holdings in order for him not to lose it to hungry scammers.

I totally agree with ur analysis on what he should have told his friend who inquired of him concerning possible investments on Bitcoin, I think its very important for the person who intends to invest to have a full knowledge of the stuff he intends to invest in, he has to understand that investing in Bitcoin doesn't mean you will start making huge profits overnight and he needs to understand that  patience and perseverance and learning is required for him to get the required dividends in Bitcoin, if he doesn't know all these then he might feel discouraged shortly after investing.

[Jubilee58]

You have done well by introducing your friend to invest in bitcoin.
This is why is advisable to have more than one stream of income, because it will enable you to gain financial stability.
Now, there is one thing to note in business, every business Carry's risk , and as an investor, you should be properly guided should in case you see something different from your original expectations.

Of a truth bitcoin is a lucrative investment, is an asset that everyone wishes to have and it is not without risk.

Investing in bitcoin requairs courage and patience and that's why holding it for a long time is the key.Bitcoin have been on the rise since inception till date couple with the growing adoption, it is believed that bitcoin has more to do even in the future.