How do you deal with friends/family when they lose their investment?

[Sombabe]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

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[hosseinimr93]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

Better to tell them about the probability of losing money before they invest. Otherwise, you should try to convince them to hold their coins. But it is so difficult. Because I don't think they trust you.

By the way it is not your fault. People are responsible for their decisions.

[GetOutOfMyLife]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

This is why you always preface financial advice with; "Don't invest until you've done extensive research".

I just make sure that they fully understand the risks before investing, and make sure they don't invest more than they can afford to lose.

[Eragon54]

Be sure to take necessary precautions for he next investment. After all, it always have to take risk. You might succeed or failed. But in the end, you just have to learn to everything you do.

[fuer44]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

let's say that bitcoin is fluctuating, meaning the price of bitcoin is up and down. and bitcoin prices will rise again. before they start investing, we do have to warn them about it so they already know and are ready to face the up and down price of bitcoin market.

[Venue101]

You never lose your investment until you cash out. Unless you betting on bullshit coins.

[DarLim11]

That seems to be too hard to let them to understand when they feel that they lost money because of you. Just try to remind them that everything will go back to its normal price and then rise up again until they gain profit from it.
They need a sense of security and telling them how the market works will really help. Give them information about how to invest next time and give updates regularly to make sure that they will be prepared when something bad is coming.

[appleyard]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

This is why i do not recommend to my friends to invite a people who do not have any knowledge about bitcoin markets and also the risk. it takes time to teach them how bitcoin works.

[esjsr]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

Most people are too impulsive and worry too much about investing. Success requires a great deal of calmness and patience, but it must also be sufficient when opportunities arise. It's silly to judge risk based on volatility. We believe that there are only two risks: First, we have no return; Second, we don't have enough returns. Some good businesses are also volatile. So if the investment fails, you can advise your friends or family members to be calm and patient and wait for the opportunity to come back.

[ice18]

You must told them in the first place before they invest in cryptocurrencies that its too risky and we cannot assure a huge profit it may fall in any time explained to them briefly so that they understand the consequences of bitcoin investment. 

[Nylelyn]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

To be ready with this kind of circumstances, it is better that from the beginning we tell them that this low seaaon can really happen. Let them read history of bitcoin or talk to others likenin forum.  Having some advance knlwledge on this,  they will be more cautions with their bitcoin investment  Let them decide by themselves so that no one can be blamed., it shod be their own will.  However,  this situation cannot be avoided sometimes we just have to set their minds and help them recover from their losses when the market is active and good.

[JL421]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

I never give them any sort of opportunity to blame me they ask me for advice i keep telling them that always remember there is a huge risk and that i had bought at a way lower price so beware anything can happen
People still tend to blame you all i say them is sell it if you think it's a scam and blame me for your losses for the rest of your life

[allycn]

Just because you mentioned Bitcoin or shared your story with them, didn't mean they had to invest right away. They should have done their own research to see if it was something that could work for them. If they had taken the time to just read a bit they would have known it was a high risk investment.
Don't think too much about it, they blame you cause they don't want to blame themselves (this happened with my aunt. We had some investments in "mutual funds" - not sure if that is the correct term in English - and we were doing well, so she decided to invest, unfortunately for her she invested when profit was not as high and then it started dipping, so she lost some money. She always blamed us for encouraging her to invest, which was not the case. Anytime the conversation comes up, we ignore her).

[tangsanzang7]

You are right. If your family does not understand Bitcoin, it will not invest. You'd better not let them invest.

[Ausgewielt]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

Originally invest in digital asset is very risky. We should not push any one to invest in bitcoin but just tell them that bitcoin provide big size of opportunity for everyone. Let them join with their own will and risk. If the price rall then nothing that we can say to them except wait and be patience.

[mia khalifa]

If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

you better say it not to be tempted by a false investment or cloud that is sure it will make the investors loss and should say to stay away from it but if your friend is still desperate then leave it and you will see until where your friend was able to enjoy it after suffered a loss then you are silent because you have been warned before it happened.

[Shreek]

I will not let them blame me, and I will motivate them, so they can be patient waiting for bitcoin prices to rise again. and they can take the advantage.

but, before, I will explain first about the risks of bitcoin, about management of money and strategy for bitcoin investment, so i do not make them surprised.

[pooya87]

it is pretty simple actually!
i have never introduced bitcoin as an investment to anyone to this day. if i tell others about bitcoin, i am going to tell them "bitcoin is a decentralized currency", expand on that and finally maybe i tell them how the price of it works based on its limited supply and growing demand.
this simply solves all the problems of them wanting to invest only to get rich over night and then with a small price drop they panic,...

[Indrawan77]

That's why I never asked them to invest in bitcoin, I only explained and suggested that it's very profitable to invest in bitcoin but crypto currencies is a high risk investment with a very fluctuative price, it is very important to let them know the danger before they jumped in crypto currencies

Never asked them to invest, when the investment failed they will blame you, when it's success they wont remember you, this is the lesson I got from my experience

[happnh]

I don't think it's a good thing to involve family members and friends, but you must explain the instability of bitcoin and the possibility of loss before giving them publicity.