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

[matthewtherry]

I am a "bitcoin guru" in my family so no one sells without letting me know and asking for my advice...So I don't let them sell when the prices are lower

[Mumbeeptind1963]

I think it's best not to remember these people. And first of all draw the right conclusions.

Well it would be a hard moment for them once it happens. I think the best think that I can do for them is to support and understand what they are going through. They might feel depressed with that so we must not lose sight of them. Let's look after them so that they could still feel the love. Helping them to rise up and motivate them to keep going is the best thing to do to deal with their problem.

[collins3]

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.

Every Bitcoin investor takes a high risk. Sometimes you can make a profit, but sometimes you lose money. All investors know it and are willing to accept it. For your friends and family, if they make a decision to sell Bitcoin, they may lose money. But before they go to Bitcoin, you tell them about the opportunity and ability of Bitcoin, they need to update the market, expert opinion from time to time ... you advise them not to rush to sell, wait a while they still make the final decision. I think you have done your best to protect their interests. You have no errors!

[dlim88775]

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.

Some people are not really open-minded when it comes to investment especially when they are not aware of bitcoin. Well, just like my other friends and relatives on that. Just it's their own choice if they want to invest anyway especially in crypto.

[TorbiK]

Never give anyone any financial advice. If they help, no one will thank you. If they make a loss, they will blame you for everything.

[Momoamzad]

I think I will talk about its benefit and fluctuation condition before they invest in btc. Although they invest and get loose that their decision. I will make them understand that crypto market is always like ups down. So hold it.

[nadbucs]

To avoid this circumstances at the very beginning we must tell our friends and family about the high risks. We must warn them that price is high volatile and loosing of investment will probably happen if they have lack of knowledge. We must advice them that whatever the outcome will be depends on their own decision. Since, in your case if they are already in position of loosing. You can lessen their worries by telling that bitcoin will recover but nobody knows when it will happen. So its up to them if they want to sell their investments for lose and still it depends on their own hand.

[ogini]

What should be done should have been done before investment losses ,allow family members to do resreach on what they to invest,it grand them on how the market works before they invest,and it reduce so much explanation from you.

[arumiedes]

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 not entirely your fault.
Bitcoin allows many people to attract their attention when the value is very high.
Value of bitcoin is unstable.
You should give more understanding to your family and convince them that there is a chance bitcoin to rise the value of the price.

[Warren Buffert]

This is exactly why if you want to talk about btc or tell about it, you just inform people about it.
But never try convincing them.

[The Monkey King]

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.

Explain them the risk of investment. Tell them that it is normal for them to somehow lose a small amount of money because they are just beginners and they lack knowledge about what bitcoins is. So, tell them not to blame anyone because they agreed on this. And bitcoin is part of investment so it is natural that it is risky anyway.

[Xester]

I keep on telling my friends and family members to buy bitcoin. But before they will invest and place their money on bitcoin I will also remind them that there are such risk involve in bitcoin due to volatility. Before I will allow them to invest I will make sure that they are ready to face the risk. They said yes and so they are already investing on bitcoin since last year and some of them suffer from the price deflation but none of them complained since they are all well-informed.

[eternalgloom]

I don't think it's ever a good idea to suggest to friends and family to start investing in crypto, or just give out investment advice in general.
This will just save you so much trouble in the future, as you cannot be held responsible for their actions.

I don't even answer questions like: 'Do you think the price of Bitcoin is going to go up'.

[Boknoi321]

I don't think it's ever a good idea to suggest to friends and family to start investing in crypto, or just give out investment advice in general.
This will just save you so much trouble in the future, as you cannot be held responsible for their actions.

I don't even answer questions like: 'Do you think the price of Bitcoin is going to go up'.

But if you can't suggest them to start investment in crypto they will loss those opportunities to get some moneys. Its better to suggest and approach them in a good way, then they are the one who make those decision making its up to them how they can handle risks.Its not your problem anymore as long as you gave some thoughts.

[Henisusan]

It is not a good idea if we don't tell them about this before investment. We know that investing in cryptocurrency (Bitcoin and other altcoins) will give us more profits, but it also has high risks. We should tell everything about the advantages, risk, possibilities, and profits that we may obtain when getting into the bitcoin. It is to ensure their readiness of getting lots profits or losing their money. Well, once more, better to tell them about the in-depth financial terms and others. If we have told them everything, all things happen in the next future is not our fault.

[acener]

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.

Well, I believe that it is not anybody's fault to lose money here in crypto. The moment you share about bitcoin to your friends and relatives about bitcoin, you should also tell them that crypto is volatile and unstable that they should be ready for the possible changes that they may face. You should remind and inform them ahead of time so they won't blame you in case of lost.

[bluered]

well me i am advicing them that its is not the end there are a lot of things for investments like bitcoin as the best example it is one of the best that you can invest because for sure it give a large amount of profit.

[EugeneJanet]

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.

Yes, we all know that investing in bitcoins is risky, but we can't control that risk. When my friends ask me about bitcoin, I don't want to persuade them to invest in bitcoin, because I'm not sure I can guarantee that they won't lose money.

[v_Harley]

Investment is your own business, and you don't need to care about other people's attitude, because you have to believe that the price of BTC will continue to rise.

[Jaky]

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.

Investment are like business.. Some time you lose some ,sometime you gain much thats only part of the business/investment their ups and down.. But never let them lose hope of the posibilties, that in time they will still get their Return of inveatment and just keep moving and lern from the process so the next time you  or they incounter another misleading method regarding investment they will know how to divert so it won't happen again..