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Author Topic: If someone you introduced to BTC says the risks of her funds is on you  (Read 363 times)
Gaza13
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April 26, 2024, 06:38:54 PM
 #61

Your heart is really kind, friend, you still care about other people getting rich from bitcoin, but I read your story above. Your neighbor is very afraid of losing his money. What I want to ask you is how much money your neighbor has? Do you have a fixed income? If I were you, I would borrow your neighbor's funds if your neighbor allowed it. I will return it at the agreed time. You have to remember here that you have to have a steady income to pay in installments and so that they believe you will pay it off. Then you can buy the whole thing at a moment like now when prices are decreasing. If you succeed, you just have to prove it to him, of course he will regret not following your words.

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April 26, 2024, 06:51:50 PM
 #62

So I recommended Bitcoin to her

You shouldn't have done that. You are not supposed to suggest Bitcoin or cryptocurrency investments to someone asking you for financial advise because even if they don't say it, they will blame you if they experience losses in their investments that they have made after your recommendations even if they didn't invest in the same asset you referred to.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.

What else could you expect from someone who believes only in centralized systems?

And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Why would you tell her that her funds will be secured if she sticks to the terms you have explained? And I'm curious to know what terms you explained to her because you clearly don't know what will happen to Bitcoin or any other cryptocurrency in the future, you or anyone else can't even know what will happen tomorrow, so how can you say that her funds will be secured? Whether we accept it or not, Bitcoin investments do carry risks as well.

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April 26, 2024, 07:23:46 PM
 #63

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

I'd tell her to forget what I said and that I'm not going to even help her invest from now on. She's clueless about investments and thinks she can blame her own mistakes on other people.
It's not even about bitcoin because if she told me the same thing about a fiat investment or a fiat purchase, I would have done the same thing.
Think about it for a second. Your neighbor asks you for advice about a car she wants to buy, so you offer to go with her and examine it. You know more about cars so maybe you'll spot something she wouldn't be able to. Then she says that since you're there, you're to take responsibility for any damages that might appear after the buy. Don't know about you, but I'd run and leave her there.

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April 26, 2024, 07:45:32 PM
 #64

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.
This is the right thing to do and I just realized I would have used this option for some people who also displayed the character explained by the OP. I realize some people do not just want to take any form of responsibility whenever the perceive risk in the investment. Someone have actually told me bluntly that if anything goes south if I will be ready to refund him his money just because I encouraged him to buy Bitcoin. I was not comfortable with such statement so I had to excuse myself. If I had known this, I would have tabled this condition and convince him it will be an investment of at least 5 years, that would have made a very good business for us.

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April 26, 2024, 07:58:29 PM
 #65

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Does your neighbor have any kind of mental disease? And I'm asking seriously because I have never heard of anyone asking someone like a neighbor, so not even a certified financial advisor, for financial advices and then tell them that if they don't make money they need to pay for their losses. So if she makes money she keeps the gains and if she loses money you need to reimburse her? I don't know what type of relationship you have with this neighbor but if I were you I would absolutely stay away from her, next thing maybe she'll ask you to help her with something and then find an excuse to sue you. Someone who acts like that could be very dangerous.

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April 26, 2024, 08:06:27 PM
 #66

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Don't introduce anybody to invest in Bitcoin or any other business without informing them about the risk involved. You don't also give anybody a guarantee that their funds are safe and it will also yield profit. Recently there have been cases of government attacking decentralization including wallets. Nobody knows the next wallet that might be seized by the government.

We cannot also erase the fact that scammers and hackers are still on a rampage in the crypto industry. There is also no certainty that she would make a profit from her investment because Bitcoin price is unpredictable. She sounded as if she was doing you a favor or her Investment will also benefit you financially. If I were in your shoes, she would get no assurance from me.
Exactly my point. I would not let anybody invest in bitcoin and expect that she will eventually gain profits after a short time, that won’t work with bitcoin. Bitcoin is a long term investment and is highly volatile, so it’s own price will always be unpredictable that anyone who wishes to make quick profits will always end up disappointed. And with that, I will be straightforward to her and tell her not to invest in bitcoin if she is not ready to lose, as anyone who’ll invest with bitcoin will surely lose at some point.

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April 26, 2024, 08:49:26 PM
 #67

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

You can always tell her not to invest if she doubts the suggested Bitcoin investment.  There is no need for you to push or force her to invest in Bitcoin just to prove your explanation correct.  If I am in your situation, I will discourage her to invest since she is half-hearted and I don't want to be blamed when something unexpected happens to her investment.

It is a good thing to share information and opportunities about Bitcoin investment but if the interested party wants us to refund his investment if something wrong happens, it is better to just discourage the person than put ourselves in an awkward situation.

We are not paid nor we get a commission if we introduce Bitcoin to our friends, it would be unfair to us if they got interested and wanted us to take responsibility if their investment does not go their way after we had explained the risk involved in the investment.  Better to avoid introducing Bitcoin investment opportunities to these kinds of people, it will only bring headaches.


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April 26, 2024, 08:55:07 PM
 #68

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Does your neighbor have any kind of mental disease? And I'm asking seriously because I have never heard of anyone asking someone like a neighbor, so not even a certified financial advisor, for financial advices and then tell them that if they don't make money they need to pay for their losses. So if she makes money she keeps the gains and if she loses money you need to reimburse her? I don't know what type of relationship you have with this neighbor but if I were you I would absolutely stay away from her, next thing maybe she'll ask you to help her with something and then find an excuse to sue you. Someone who acts like that could be very dangerous.

Many are just too lazy to take risks yet they want to enjoy the benefits risk takers enjoy. People like this are just selfish and should not be given any attention,  talk less of giving then financial advice. It is even better she stated her intentions on time, thereby saving the OP from future harassment assuming she didn't make any profit from her bitcoin investment.

Bitcoin over the years has changed lots of lives and those who are willing to take the risks are cashing out and enjoying other benefits that comes with it. Stories like this are the reasons i do not bother convincing anyone to invest in Bitcoin. Bitcoin investment is no longer hidden, if they make up their minds to join the moving train, I will only guide them on how to go about it.

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April 26, 2024, 09:45:20 PM
 #69

In my case, I avoid giving investment advice. but supposing that someone would come to me to give them some investment advice and I was in a very good mood that day and was talking to them about bitcoin, then I would advise him or her to go and research more about bitcoin and only invest money that can be afford to lose. I would not accept a person holding me responsible for any losses they would incur because before they bought, I would be clear and honest with them when warning them of the risk of losing money and the volatility of the market. I would also warn her not to put money in that she could not afford to lose and would warn her to do long-term hodl so that she could make a profit

One of the biggest problems I've seen is that a lot of people keep telling other people to do x or z thing and aren't honest about the risks. They fail to warn appropriately so that the person who wants to buy cryptocurrencies understands the high risk involved, how to protect themselves from the high risk and, above all, they fail to warn that one should not invest money that the person knows they should not lose. Anyone over 18 is responsible for themselves, so it doesn't make sense to blame other people for your mistakes. no one forced you to invest in bitcoin

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