Bitcoin Forum
September 26, 2020, 01:11:57 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
Author Topic: How do you deal with friends/family when they lose their investment?  (Read 564 times)
Jaky
Jr. Member
*
Offline Offline

Activity: 105
Merit: 1


View Profile
April 06, 2018, 03:30:19 PM
Merited by mace15 (1)
 #161

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..

▄▄▄   ▐ ▌   HIVEPOWER.tech   ▐ ▌   Crowdsale 》 June 11th   ▄▄▄
Build Decentralized Energy Communities Secured by the Blockchain
1601082717
Hero Member
*
Offline Offline

Posts: 1601082717

View Profile Personal Message (Offline)

Ignore
1601082717
Reply with quote  #2

1601082717
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1601082717
Hero Member
*
Offline Offline

Posts: 1601082717

View Profile Personal Message (Offline)

Ignore
1601082717
Reply with quote  #2

1601082717
Report to moderator
1601082717
Hero Member
*
Offline Offline

Posts: 1601082717

View Profile Personal Message (Offline)

Ignore
1601082717
Reply with quote  #2

1601082717
Report to moderator
1601082717
Hero Member
*
Offline Offline

Posts: 1601082717

View Profile Personal Message (Offline)

Ignore
1601082717
Reply with quote  #2

1601082717
Report to moderator
evitasi
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
April 06, 2018, 03:32:05 PM
 #162

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.
tell them to be tough, tell them that in bitcoin win or lose is something similar
mace15
Hero Member
*****
Offline Offline

Activity: 1246
Merit: 506


Dextrust.org #Defi


View Profile
April 06, 2018, 05:19:53 PM
 #163

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..
That's true investment are like business we expect a lot of struggles during your time when you will gain profit. When your family or love ones interested in this kind of industry better inform them the risks that whatever happen at a latter end they are already aware. Moreover, give them the initiative to do a research so they will know how to get rid of losing money.

eelectrick
Jr. Member
*
Offline Offline

Activity: 218
Merit: 1


View Profile
April 07, 2018, 02:54:17 PM
 #164

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.

It's hard approaching family and friends who are close to you, especially in financial and money matters.
I think normally a good talk with a comforting tone and approach is the best way or a good start in
dealing with such a situation. It won't go away overnight so a daily or regular talk might be healthy once
things calm and hope restored. With market dips and red days, I think I will always talk with a positive
outlook and deliver or leave the same positive way of thinking to that person.
Silberman
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 527


View Profile
April 08, 2018, 07:17:17 PM
 #165

The very first time I told my friends/family about crypto currency, I did not encourage them to invest in it unless they made their own research about it and have experience about stocks. I explained that the price may fluctuate and has higher volatility and risks than the traditional investment vehicles. The risks involved can be managed as well and the funds they invested in it is their sole responsibility. They don't blame me for their losses because they have done their research and they understand the market movement.
You did the right thing, there are many instances of people that recommended bitcoin or other cryptocurrencies to their friends promising them great profits, their friends invested not realizing the huge risk they were taking, I cannot imagine how difficult it could be to meet with your friends and family that invested in bitcoin and that have lost so much money, it must be really uncomfortable.

mudasarali43
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
April 22, 2018, 10:29:31 PM
 #166

To deal with loss is not good so be patience because instead of loss you have the good option to wait the market situation because it will goes up again and you can earn more profit by only just keep waiting and just patience,
AlexAtom
Member
**
Offline Offline

Activity: 544
Merit: 10

YOUC - www.youengine.io


View Profile
April 23, 2018, 03:36:14 AM
 #167

The peoples who loss at their bitcoin investment are many. You can tell them that  it is just a normal occurrence
because the bitcoin price very volatile. Dont sell you bitcoin when the price falling. You need to hold your coins for long time.

  ●   John McAfee Supports   ●
 ❰❰❰❰❰❰  Advertising Platform  ❱❱❱❱❱❱ 
● ▬▬▬▬▬ ● ▬▬▬▬▬ ●●●    ●  YOUC  ●    ●●● ▬▬▬▬▬ ● ▬▬▬▬▬ ●
Muwatti
Newbie
*
Offline Offline

Activity: 176
Merit: 0


View Profile
April 23, 2018, 05:32:37 AM
 #168

Before to say everything about Bitcoin in your friends and family make some good explanation about that bitcoin is so risky. So tell them first what is bitcoin and about the blockchain technology, tell them what are those sequences waiting fo them if they invest without complete knowledge about cryptocurrency. Don't makes move without proper orientation to your friends and family because when they disappointed to you all of them are really blaming you.
Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!