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

[Mahanton]

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 can demonstrate to them,like a demo of buying each coin they want,buying just one of each of the coins if they ask for new coins which are cheap.After that you tell them the resources where to learn about crypto and you can point them firstly at this very forum for them to read different threads regarding their investments,they will get a rough idea.You can also point them to other sources which can give them a general idea of how cryptocurrencies work.

I also think based on your description that they want to point the blame to you if something goes wrong so you only take the responsibility of teaching them and then leave them to choose what they think is good for them.

I dont really have that huge and lots of time on telling them every aspect or every corners which would really be needing for them.Just a simple keypoints and hints should suffice and the rest would really be according
to them.I dont have really much time on guiding them every detail and also it would really be depending on my mood whether it would really be that interested on telling them everything or would really be just
seeing that it is really just make no sense on explaining out.I cant really just bare out that if things turns out to be messy then you are the ones whom would really get to be blamed.
Its better not to tell them at all. lol

[Mr.right85]

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 can demonstrate to them,like a demo of buying each coin they want,buying just one of each of the coins if they ask for new coins which are cheap.After that you tell them the resources where to learn about crypto and you can point them firstly at this very forum for them to read different threads regarding their investments,they will get a rough idea.You can also point them to other sources which can give them a general idea of how cryptocurrencies work.

Sometimes you just have to let them encounter some loses. I mean, you cannot always get it right and this isn't an all profit investment or get rich quick scheme as such, passing a fair warning even as you preach potentials is in order. When they choose that you must invest for them, despite being reluctant, you can help them choose a few investments and have them hold it.

Which ever way it turns, act unaffected always ask them to do there investigations as to why the coins are behaving the way they sense it to be and I think, they would gradually get into it.

[Oilacris]

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 can demonstrate to them,like a demo of buying each coin they want,buying just one of each of the coins if they ask for new coins which are cheap.After that you tell them the resources where to learn about crypto and you can point them firstly at this very forum for them to read different threads regarding their investments,they will get a rough idea.You can also point them to other sources which can give them a general idea of how cryptocurrencies work.

I also think based on your description that they want to point the blame to you if something goes wrong so you only take the responsibility of teaching them and then leave them to choose what they think is good for them.

I dont really have that huge and lots of time on telling them every aspect or every corners which would really be needing for them.Just a simple keypoints and hints should suffice and the rest would really be according
to them.I dont have really much time on guiding them every detail and also it would really be depending on my mood whether it would really be that interested on telling them everything or would really be just
seeing that it is really just make no sense on explaining out.I cant really just bare out that if things turns out to be messy then you are the ones whom would really get to be blamed.
Its better not to tell them at all. lol

Kind of hassle eh?

This is what i do feel too on which it is really just too time consuming and a type of person whose busy and cant really put up much time into other people on explaining things.
Everything could really be read up and be searched through internet which i would say that it would really be just sufficient that they would really be directly making out searches for themselves
and finding out those valuable informations that they are trying to ask out.In speaking about handling their funds then im not a type of person who does really like on
getting blame, so its better that they are the ones who do make on their own.

[uneng]

I also think based on your description that they want to point the blame to you if something goes wrong so you only take the responsibility of teaching them and then leave them to choose what they think is good for them.

Very well said. I also think OP should only teach his family and friends step by step how to purchase and store cryptocurrencies properly. There isn't any issue in downloading an exchange app on their smartphones and showing how to deposit fiat to purchase the first amount of crypto. But let the final decision on their hands. Don't press the "buy" button in any hypothesis, and besides bitcoin, don't advise them any altcoins they should hold. Explain the risks and the possible outcomes of crypto market on the next months and years and don't give them any guarantees.

It must be very clear to every investors they are the responsible ones for their investments, not the person who presented them crypto universe.

[Wolfblood200$]

It is not advisable to trade for people who are not business minded  ,by business minded, I mean  ,one has prepared his or her mind for profits and losses,  knowing that these things are part of business  ,

It is not good to put yourself under pressure trying to please people who are not open for the negative side of trading,  my advice is that, it is better to be safe than sorry,  you might lose a good relationship with them if you trade and make losses so don't venture in such if they are not open minded to see that trading is risky and sometimes making losses is part of the business