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

[Mahanton]

Cryptocurrency is not a field of surety there will be not exact information about any coin and i think that make investment for someone other is a foolish idea because he will not understand the situations but will blame you. Also trading requires patience and is a work full of difficulties so i just thing that investing for others does not sound good.

After investing, if you can't stay in the bearish price, then you can never make a profit by investing. Before investing, the most important thing is to be bearish. Before investing, think carefully and then invest.  If you want, you have to keep a cool head and invest after that. Then you can make a profit by investing.

But not all does have the patience on waiting up yourself  for the price to make out recovery or having those increase and the fact where people do usually get in fear whenever they do see bearish or red market
which it is really the reason on why they are really that missing out those opportunities to get in because they do really have those kind of doubts.In speaking about investment in behalf of your family then its
better that make them know about the risk of this market so that they cant just easily make out decisions that they would invest because most of the time the first impression of those who dont have
any idea of crypto will really be that easy profits.If you dont like to create something conflicts in the future then its better not to handle out investments from them.

[Hypnosis00]

In my earliest days of being involved with cryptocurrency, I was referred some altcoins to buy and I got to know what shit it was. Mind you, I asked for directives just as they are asking now but, the result and expectations has always been at all time low still and keeps dipping. Tremendous lose if you ask me. I don't know how my referrer feels but, I know it's not good as his bound to feel downplayed on his knowledge and to have made me come by some loses.
I tend to understand bettee now haven't been in the cryptospace for sometime now and I save the individual the pressure of haven't mislead me to buy some shit altcoins.

Influence has been a common problem to us. We've thought that buying very cheap coins will give us a huge return once it turns bullish but unfortunately, we are just buying shitcoins that have no guarantees that they will move high during the bull season. I become a victim of that thinking as well, I buy them in bulk and hold them, but after many years of waiting and to bull season comes still, nothing happens.

Now, it is to realize that buying cheap/shitcoins are no good at all. We've better packed with expensive ones at least we earn a few bucks in the end.

[FanEagle]

Having an understanding of how hard it is, and how hard it could be, that could actually be a quite big deal. People who join should realize that there would be at times their 10 dollars will become 2-3 dollars, and that may not look great, but it is actually time to go in even more, whereas there will be times that 2-3 dollars will bounce back to 30-40 dollars.


So, it is not easy to comprehend that type of volatility normally, we in crypto world got used to it already but people who are your friends and family may not understand the logic behind it, and that could cause them to lose a lot of money. That's why you should warn them about the volatility.

[albon]

Having an understanding of how hard it is, and how hard it could be, that could actually be a quite big deal. People who join should realize that there would be at times their 10 dollars will become 2-3 dollars, and that may not look great, but it is actually time to go in even more, whereas there will be times that 2-3 dollars will bounce back to 30-40 dollars.


So, it is not easy to comprehend that type of volatility normally, we in crypto world got used to it already but people who are your friends and family may not understand the logic behind it, and that could cause them to lose a lot of money. That's why you should warn them about the volatility.

If his friends and family are new to investing and trading in cryptocurrencies, it is best that they already know what to know about this investment, its advantages, and its disadvantages. Trading and investing in cryptocurrencies is not always furnished with profit gains. There is a possibility that they will lose their money in this risky investment, even if they are very knowledgeable and experienced in the crypto market, The OP should advise them to educate themselves and gain experience, then decide whether to invest with what they can lose or undo their decision. Good knowledge and conducting research are their first and last weapons in successful investments, and when trading, this will make them obtain information, which will increase their confidence and help them avoid risks.

[Lida93]

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?

In my little time in cryptocurrency business, personal experience and those I learnt through the mistakes of others has made me to never think of stomaching the idea of helping others to invest in their stead with their money. For the risk is beyond just you lossing that money you use to invest. Surely you will be held responsible for any loss of their money.
There's always this feeling of pressure and anxiety within when you're using another person's money to invest for them. A pressure of not to loss the money, with many distracting thoughts running through your about what their response and reaction might be  if their money fail to yield profit but rather loss.
So it should be better you encourage them to invest in by themselves in the coin of their choice but make sure to advise them to chose to invest in bitcoin cause the coin would really be a good start for them.

[LUCKMCFLY]

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?

To the best of my knowledge they are trying to avoid the risk, if any goes wrong they will hold you responsible. So guy for me  no try the thing it very dangerous. Ask if they are interested they should do it themselves, convince them that if they do by themselves it leads to more profit and also keep things secret, that is your personal information away from any body.

Well I had thought of a solution, that the money they invest you tell them that they can lose it, that you are not responsible, it is the only way, because they want to have their money and multiply it without doing anything, so things like this easy are not so free or if you take responsibility that you demand a monthly payment or a salary because the responsibility of having other people's money is not easy at all, that is something very delicate, money always causes many problems when people do not know As it is a certain activity, they only want to win and now they do not care about the effort and work that may be required.

[dunfida]

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?

To the best of my knowledge they are trying to avoid the risk, if any goes wrong they will hold you responsible. So guy for me  no try the thing it very dangerous. Ask if they are interested they should do it themselves, convince them that if they do by themselves it leads to more profit and also keep things secret, that is your personal information away from any body.

Well I had thought of a solution, that the money they invest you tell them that they can lose it, that you are not responsible, it is the only way, because they want to have their money and multiply it without doing anything, so things like this easy are not so free or if you take responsibility that you demand a monthly payment or a salary because the responsibility of having other people's money is not easy at all, that is something very delicate, money always causes many problems when people do not know As it is a certain activity, they only want to win and now they do not care about the effort and work that may be required.

Better to clean your hands off and never intend to handle out their money so that you would be able to avoid possible conflicts in near future just because on not being able to handle the risk specially in dealing with

volatility.Even if you do make out some explanation from the start but since you are the ones who do handle out those funds or investment then you are the ones who would really be gonna blamed.

Better to make yourself get out for possible trouble and just tell them about the basics and the risks on dealing with Bitcoin or crypto as general.Its not something
and easy money which it is the main thing that do have into their minds.

[Obari]

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

Your thoughts are right mate and you should never have a second thought of doing an investment on cryptocurrency for anyone especially when you've told them the risk involved and also why and how they need to get involved themselves but they had to turn it down.
Why on earth will they turn such great opportunity down or have they forgotten the saying of not giving fish but teach how to fish?
In my opinion, I think they all feel you have a special luck charm you use in this field and they're not ready to take the risk but rather they jus want to seat and let you do all the risk taking while they wait for an agreed date to just receive the reward from the investment and if anything goes wrong, they will have someone to fall back to with the entire blame.

Maybe you should also propose a motion for them that , you'll do the investment for them, but they will bear 100% of the risk while you split the profit 65/35 and watch their response.

[xSkylarx]

Cryptocurrency is not a field of surety there will be not exact information about any coin and i think that make investment for someone other is a foolish idea because he will not understand the situations but will blame you. Also trading requires patience and is a work full of difficulties so i just thing that investing for others does not sound good.

After investing, if you can't stay in the bearish price, then you can never make a profit by investing. Before investing, the most important thing is to be bearish. Before investing, think carefully and then invest.  If you want, you have to keep a cool head and invest after that. Then you can make a profit by investing.

Red days or green days, it doesn't matter; the most important thing is that you have knowledge. Anyone of us can't stay at bearish, which is why they keep learning to prevent losing money. We trade for profit, and we want to minimize our losses. Strategize before hitting the trade. Plan out everything so that you will not lose much and also have a target profit to prevent greed. Knowledge is really the key to trading; without it, you will not be getting any profit.

[Kelvinid]

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

...

Maybe you should also propose a motion for them that , you'll do the investment for them, but they will bear 100% of the risk while you split the profit 65/35 and watch their response.

If I'm in that position and the one who put capital and carries the 100% risk, I won't agree with the 65/35 sharing. I'd rather go for the commission basis like giving him 5-10% of the total profit. That I think it was fair for both parties as the person who manages my fund will not lose any to whatever happens to my investment. But for me, I'd rather not use their money but to encourage them to learn themselves as well so they will know how this investment works and the risks. So, they can't put blame you OP if they will their money.

[oprahwindfury]

likelihood that something will turn out badly is high, and that will unquestionably make you be accused and eventually terrible relations all things considered. prescribe a portion of the trades to them, let them be your references and that's it in a nutshell. This is equivalent to betting, in light of the fact that there is no question that a few undertakings will take care of, yet a lot more will flop rapidly.

[Bobrox]

If I'm in that position and the one who put capital and carries the 100% risk, I won't agree with the 65/35 sharing. I'd rather go for the commission basis like giving him 5-10% of the total profit. That I think it was fair for both parties as the person who manages my fund will not lose any to whatever happens to my investment.

Before talking about commission 65/35 sharing need think again about risk when investing in cryptocurrency, many expert trader in Bitcoin never allowed open investment money with other because they know trading in Bitcoin can't guarantee with profit every time. Better talk to your friend or family about Bitcoin risk and give them basic knowledge with Bitcoin until they will understand how Bitcoin investment working.
I will never use other money for investing in Bitcoin although have moment when Bitcoin price drop drastically, I can't take profit every time with Bitcoin because many people take care only with their profit but when loss we have return back their money and not care with how much ROI received.

[Alpha Marine]

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?

If at all you will take their money and invest for them, there has to be a written contract. This gives you security in case of any negatives. If you don't a have contract, should anything happen to their money you'll be held responsible and by then they might not remember that you are friend or family.

If involving a contract will deteriorate your relationship with them, or if they refuse to go into contract, or you just don't want to go the contract road then don't accept their money to invest for them. 

[so98nn]

Whether such thought should come or not is different story however I would suggest you should stay away from such work. You can teach them about crypto and opportunities available in the space but you should also mention the risks present and let them do it on their own. I think that’s the best thing you can do. Even if they are not happy with your decision then also it’s entirely fine because it could be terrifying later if somehow there is loss in their trade or investment.

[Oilacris]

Whether such thought should come or not is different story however I would suggest you should stay away from such work. You can teach them about crypto and opportunities available in the space but you should also mention the risks present and let them do it on their own. I think that’s the best thing you can do. Even if they are not happy with your decision then also it’s entirely fine because it could be terrifying later if somehow there is loss in their trade or investment.

Such work indeed and you would really be finding yourself to be that stressful because you are trying out your best to make those investment earn or grow because you dont really like for your relatives or family to be disappointed into you or towards of their investment.If you dont like that kind of hassle then its better to ignore and reject it out while its early.
Just like the rest been suggesting that it would be ideal if you do just let them know about the basics and tell them to make more research and make out their own choices on what
are investment that they would be putting into, whether they would be buying purely with bitcoin or would consider out some altcoins.

[virasisog]

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?

Despite telling them the risks involved in crypto investment, you can't disregard the fact that they will blame you in the end in case the investment fail. You will surely take responsibility for everything. If I were you, you better teach them how to do it themselves and let them do their own research so they will also be able to choose the best coin. You shouldn't decide for them because you have already done your part in teaching them. You don't have to own all the responsibility as long as you're guiding and teaching them enough.

[kamvreto]

If OP is always pressured to become an investor for them, of course, OP must say beforehand that this is a very risky investment and will not be responsible when something unexpected happens, such as a loss or even losing all the money. it is indeed a risk that can occur and cannot blame the OP because the early warning has been notified.

~snip~ If I were you, you better teach them how to do it themselves and let them do their own research so they will also be able to choose the best coin. You shouldn't decide for them because you have already done your part in teaching them. You don't have to own all the responsibility as long as you're guiding and teaching them enough.

Teaching them from the beginning how to do the right investment in crypto and choose potential coins will certainly be the best solution. But OP said that they or their family don't want to go it alone, because it might leave OP to be blamed when the investment fails. I myself would not take the risk if they did not understand the risks, but if they understood and agreed with the risks that could occur, then it would not be a problem. Profits will provide multiple returns as well as bonuses for OP, but the loss will do nothing for all.

[yohananaomi]

Whether such thought should come or not is different story however I would suggest you should stay away from such work. You can teach them about crypto and opportunities available in the space but you should also mention the risks present and let them do it on their own. I think that’s the best thing you can do. Even if they are not happy with your decision then also it’s entirely fine because it could be terrifying later if somehow there is loss in their trade or investment.

indeed sometimes to refuse from close relatives is very difficult to do because it will create a wrong perception, but I totally agree with you friends, it's better to tell more details about crypto, especially about the risks that will occur. it could be that they previously got the wrong information and only knew the benefits without looking at the other influences.
with the risk information that occurs, you can at least avoid the intention to be able to accept it without offending it, without having to reject it.

[YOSHIE]

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

The situation you are facing is internal, you cannot force someone to get involved in investing & trading crypto, if they do not take it seriously and do not want to accept the possible risks and lose their money.

Crypto trading & investment has good analytical and scientific methods, crypto price movements are very sensitive, you can only suggest the best trading & investment methods, then they will consider for themselves whether they want to continue or not, we certainly don't want to be blamed for this, all considerations are on their own good & bad.

I think let them weigh all the advantages and risks if they want to trade & invest, you can only show them how to play, even if its your closest family and friends.

[Falconer]

Interesting to know the reason how the OP didn't respond to a single reply after 139 replies (mine included) made to his thread, my guess is the OP isn't interested in discussing after over a month of keeping this thread open.

Dunno but I think the OP has got the right advice for his question. Some of the responses on the first and second pages seem good enough to consider. However I really find it strange the attitude of someone ignoring all replies since the thread was created. This is an absolute no-no if you want to have a good discussion after asking a question. One friendly reminder for OP, if you want to have a good discussion after asking a question, then respond to some other user's questions too, or close your thread after getting the reply you want.

I think let them weigh all the advantages and risks if they want to trade & invest, you can only show them how to play, even if its your closest family and friends.

The first step is to guide them properly and show them which coin is better to invest in long term. This method is more expected to be done when someone is interested in investing in crypto but doesn't know how it works.