Friends and Family members want me to invest for them, help!

[aylabadia05]

Since you explained the risks involved in investing in crypto and they refused, I don't think they should do what they want. It will be a problem in the future even though they are close friends and even your siblings.
Investing in crypto is not good when there is pressure and under pressure.

If they want you to explain what coins to invest with their money, tell them that Bitcoin is the right choice.

[Myleschetty]

In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..

Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.

After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.

Is my thoughts right? If you are in my shoes what will you do?

Since you have told them the risk involved in the crypto investment and they still choose to invest but I will advise you to invest their fund in Bitcoin only because it is the only excellent coin in the market that's good for all market trends.
Nonetheless, I will advise you teach your family members how to use BTC wallet and exchange so they can be in charge of their investment this is the money we're talking about. Besides, investments like this may go sour in the future.

[Coyster]

Is my thoughts right? If you are in my shoes what will you do?

If i am in your shoes like you ask, i'd do no such thing, you cannot do someone's research for them, take their money and invest in something they neither understand or have absolutely any knowledge about, you'd definitely be held responsible should things go awry, and it could go as far as cost you family relationships and friendships.

Having said that, all you basically have to do is tell your friends and family to do their own research, that you can help them with by providing them with important research materials so they can come up to speed with what crypto is all about and the risks involved, you could also tell them the difference between Bitcoin and altcoins, that whilst the former has an actual utility, the latter doesn't, after these people must have understood what they are getting into, they can now come to a conclusion on what they want, and you are thus free from any responsibility of the outcome of their decision.

[SOKO-DEKE]

In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down.

That is a reasonable ideas by telling  them the risk the cryptocurrency involve and advise them to learn about it first. It is going be a great opportunity to them if each of them can learn and invest themselves, so that it will not later turn to a story. Just  know the issue of money doesn't know friends or family.

Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.

I will not advise you to do that because it involves serious risk. I believe that no matter how you will try to explain yourself  to them if anything later happen in future, it will not actually be all of them will understand you do to lack of more knowledge of it. Just tell them to keep patient so they should learn about Bitcoin and understand it first, so they can have full control of their money whenever they invest.

After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.

I think that will be true. Because this are the kind of people who hear from their people that people are making money  from Cryptocurrency and they decided invest too. This are also the set of people who are always eager to make it in short period, thinking that 50 dollar can turn to 500dollar over night. Always learn first before you invest.

[Pokapoka124]

Ofcourse it’s a terrible idea, they will hold you responsible if they lose a cent of their investment and it could cause bad blood. Family and friends are not a wise option to go into business with especially a volatile market like crypto that I suspect they do not fully understand. Unless you’re willing to take responsibility for the risks and pay them from your own pocket should things go sideways I suggest you refuse them now.

[erep]

Nonetheless, I will advise you teach your family members how to use BTC wallet and exchange so they can be in charge of their investment this is the money we're talking about. Besides, investments like this may go sour in the future.

Exactly, we just need to teach them to know the basics about cryptocurrencies including how to use wallets and exchanges, so when they are interested in investing Bitcoin then they can buy the exchange and move the assets to the wallet address, so whatever investment they choose is their own decision to be responsible for for their respective investments and I think the right choice to invest in BTC. In conclusion, anyone can introduce cryptocurrencies but we don't force them to invest because of the risk factor and they will blame us if the market price drops or does not meet expectations, if they are not ready for market risks then keep them away from cryptocurrency investments unless they understand that investing is responsibility for his own decisions.

[Agbe]

It is better you teach them how to fish than fishing for them. So in my opinion, I will suggest that you teach them how to invest since they don't know how to do it. But before then since the money belong to them, use the money invest it in your platform, then when they have known how to invest through your training. Then you give them back the money for them to invest and make sure you guide them for like a month plus. Before let them do it by themselves.
And because of the risk in it, you have to invest a little at the beginning, so that they will not feel serious impact if they mistakenly loss out.

[Mpamaegbu]

Is my thoughts right? If you are in my shoes what will you do?

I can relate with your situation because I'm in it too. As a principle, I don't like holding investment for people when I'm not directly involved in it. Normally, what I do is help them establish a wallet and then buy and send them the crypto while they monitor its growth by themselves. However, that wasn't to be recently as a friend begged me to buy and hodl for him. It was a difficult moment of decision taking for me. The friend was in a deep financial struggle and was counting on my help. Initially, I wanted to jointly invest his capital on a launchpad token. That was like two months ago. I contemplated it for a while and then went for Bitcoin. That's the only one I'm sure will still be here no matter what. Launchpad token may dip tomorrow and never rise but Bitcoin will always rise even after a serious dip.

[acroman08]

After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.

Is my thoughts right? If you are in my shoes what will you do?

this is just my opinion, but yeah, probably. I've seen too many people blame the person they forced or persuaded to do something for them despite that person repeatedly saying that they won't take responsibility if something went wrong. if I were you I'd make it clear to them that I won't do it and if they don't stop they will be ignored.

[Ultegra134]

If I were you, I'd show them how to do their own research or even refer them to the forum. Honestly, I wouldn't give out any kind of advice because chances are, if something doesn't go as expected, you'll be the first one they blame. I generally refrain from talking about cryptocurrencies and investments with my friends and acquaintances for this very reason. Most of them treat it as a way to earn money quickly, which it isn't. Provide them with a few tips and tools, depending on their capital and the results they are aiming for, and avoid interfering.

I had a few friends ask for advice on which coin to invest in, but I tried being as modest and general as possible. Fortunately, they weren't completely ignorant, and any choices they made were completely based on their own choices and research.

[Cryptomultiplier]

Is my thoughts right? If you are in my shoes what will you do?

I can relate with your situation because I'm in it too. As a principle, I don't like holding investment for people when I'm not directly involved in it. Normally, what I do is help them establish a wallet and then buy and send them the crypto while they monitor its growth by themselves. However, that wasn't to be recently as a friend begged me to buy and hodl for him. It was a difficult moment of decision taking for me. The friend was in a deep financial struggle and was counting on my help. Initially, I wanted to jointly invest his capital on a launchpad token. That was like two months ago. I contemplated it for a while and then went for Bitcoin. That's the only one I'm sure will still be here no matter what. Launchpad token may dip tomorrow and never rise but Bitcoin will always rise even after a serious dip.

The best options so far, is as rightly stated in this context. No matter how close people are, money venture is the easiest thing an issue can arise from. That is why most persons think deep mostly when it involves doing such kind of investment venture with friends and family.
Also, one has to have attained some level of confidence and is a living proof of how the success of an investment in bitcoin or crypto currency in general can pay off big time. As long as the parties involved, I.e, the helper and the helpee,  are willing to at least know or understand certain key areas involved; If one can help out, I see no reason why not, as long as one clearly states the terms and conditions so as prevent long explanation should there be a loss.
Bit coin has proven overtime to be able to rise beyond expectations. That is why they still remain top.

[DeathAngel]

I would refuse to do it, I just would not want the responsibility of being the one to pick which coins their money goes into. If they’re willing to be decisive & tell you what to buy then no problem. If it’s just that they dont know how to use an exchange or whatever then it’s fine. I would refuse to take responsibility for selecting what to invest in on their behalf.

[Mpamaegbu]

~snipped~

As long as the parties involved, I.e, the helper and the helpee,  are willing to at least know or understand certain key areas involved

You're apt with that insight about money issues often resulting in scuffle among/between friends. I've tried as much as I can not to allow it come between me and anyone I call my friend. In the case I pointed out, I explained the possible scenario of one losing their money on crypto investment to the friend. He said he knew and still wanted to go ahead (possibly because he wanted something he could survive on). At that point, I decided to shoulder the loss if it ever came to that so he wouldn't have to lose a dime of his investment. That was why I chose to invest it on Bitcoin. As it stands now, he's in profit as per his investment in fiat value.

[Mr.right85]

What I would do if I were you?
Probably nothing or if I can't do nothing, I would create them a wallet and then buy them bitcoin. Of course that would would after teaching them how to ensure security of there private keys and to ensure they don't get to compromise there device.

That way, there money is likely to remain safe so long as they don't withdraw and they could watch it rise and fall with the various market conditions. Altcoins don't make a better or safe investment.
It's good your friends/family buy the idea but, its up to you to help them do it right.

[_morghulis]

In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..

Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.

After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.

Is my thoughts right? If you are in my shoes what will you do?

For me is a big NO NO.
Educating them about the risk involved won't be enough.
If eventually something bad happens just know that you will be the one responsible and they might even want you to pay for it.

You can still decline the offer if you haven't accepted it yet,
just let them know you're not ready to take such a risk.

[libert19]

If you are in my shoes what will you do?

I would not. Just say, No.

[m2017]

In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..

Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.

After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.

Is my thoughts right? If you are in my shoes what will you do?

I absolutely agree with your concerns, and if I were you, I would refuse to take responsibility for their investment. That's why. In case of failure, whether it is a temporary cyclical fall of cryptocurrencies or the "death" of altcoins, you will receive a lot of questions and complaints from your friends and relatives. This is at best. In the worst case scenario, they will accuse you of a failed investment and demand their money back. Do you need it? Here is my advice to you. Politely explain to them that you are not qualified to help them in this situation and will not take responsibility for their money, let alone take risks. Let them learn the basics of investing themselves and study cryptocurrencies. Of course, they will make mistakes, but they will be their own, not yours, and there will be no claims against you.

[Frankolala]

I will not do that so that I will not be blamed if anything goes wrong. This will save you of problems in case things didn't go the way they expected it. If you must help them because they are close to you,you should explain them about the volatile of Bitcoin ans the risk of investing. Explain to them the disadvantages of the action they want to take. Finally let them know that if something goes wrong with their investment, you will not be responsible for it.

You can better still have witness or even sign an agreement to prove this . There is no harm for them coming into the crypto space if all terms and conditions which you gave them have been accepted.Then you ahead to teach them

[boyptc]

In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..

Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.

After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.

Is my thoughts right? If you are in my shoes what will you do?

You're thinking it right. That's what they want to happen for sure as you take into account if ever what the value projected by those coins that they've chosen don't go accordingly to what they have expected.

You guide them with everything and let them handle all of those important things like keeping the private keys and their wallets.

Don't be associated with any of those as you already have that gut and trust it.

[Issa56]

I would not. Just say, No.

If the OP say No, then his friend's will think he those not really want to help them, most of them don't know about trading, they believe you just invest and you will start making money, they don't know you can lose money and if you don't want to help them, they will think you don't also want them to make money.
I think the OP should just explain everything about cryptocurrency to his friends and he should let them know that anything can happen to their money, not that after investing you will start expecting profits. If the OP is going to help them them he should only invest in bitcoin and they should be ready to Hold.