I managed to invite 1 of my friends to invest in bitcoin

[alastantiger]

There is a wise say that goes thus, if a road is good, you go through it twice. And if it is great, you bring your friends and your family to go through the road with you. This is the case with our experiences with bitcoin. Although for some others who came with the misconception that it is a get-rich-quick scheme, the experience is different. I tell everyone of my friends who cares to know about the potential bitcoin has and why they should join in now that it is still early and "cheap". I also let them know about the inherent risk - 1.e the price volatility and discuss ways to navigate it. Not all of them end up investing but at least they have a little knowledge about bitcoin.

[solehdavid]

If I were to give advice, I would advise him to make small altcoin investments to understand how the cryptocurrency industry works and only buy bitcoin once he understands how things work. I mean, I would feel guilty for any losses that might occur. but I have to say, I would never give investment advice to a novice. when you are both novices, it is not an investment, it is a gamble.

[Russlenat]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

Yes, he must be very eager to extend his help in the sense that he created hasty decision. But I would also say that the seller itself is kinda reckless too that he immediately trusted someone about this risky bitcoin investment not knowing that it could make him lose everything if he completely invest in bitcoin without sufficient knowledge and skills needed when investing in bitcoin.

[Viscore]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment. Also, the buyer must also realize that he has been very quick in giving information to the seller, not realizing that he’s still a newbie and he has to learn more before he can be reliable enough to share the facts about bitcoin.

[Fatunad]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment. Also, the buyer must also realize that he has been very quick in giving information to the seller, not realizing that he’s still a newbie and he has to learn more before he can be reliable enough to share the facts about bitcoin.

Its a must but there are people who are really that in a rush when it comes to investment on which they do really ending up on messing up their investment due to carelessness or lack of knowledge on dealing up with something.Knowing that crypto investment isnt an easy one for you to deal with specially when you dont have that right amount of knowledge of it.You would really be definitely ending up on losing money before you
could learn up things which is really that a very wrong mindset or dealing if you do ask me.Make up some research when you do intend to dig deep further rather than on making yourself that
impulsive when it comes to investment decisions.

[letteredhub]

It's always a like a sweet savor when someone through you got to know about bitcoin and showed interest to partake in it. But it's always advisable to give them time to know and understand the associated risks and certain procedures before making them to invest their funds.
In this case mate you were too in a hurry to let her invest in crypto without a better understanding of what he/she is getting into except that it's a future investment thing, like op said. Be careful so you don't get blames poured on you if the investment goes wrong.

[dark1234]

If I were to give advice, I would advise him to make small altcoin investments to understand how the cryptocurrency industry works and only buy bitcoin once he understands how things work. I mean, I would feel guilty for any losses that might occur. but I have to say, I would never give investment advice to a novice. when you are both novices, it is not an investment, it is a gamble.

for beginners to invest is very risky, and we can find warnings like this in a market that exists at this time,
and advised him to invest in small altcoins to understand how the cryptocurrency industry works, I think it's the same even in small altcoins it is more risky.
actually what op did was good considering he is a beginner too it's just to be more careful it would be nice to invest small amounts first because investing in bitcoin and altcoins not only knows how to work and function but also the mentality of investors for further options

[Cryptomiles1]

The most important thing that interests me was telling him to join the forum, meaning he will learn more things not only the investment aspect of it but this will include the security aspect also. The types of wallets and exchange to use, this forum is a great place to study more about bitcoin.
You did well by referring him here because i believe here is the only solution for you two to get all necessary material about bitcoin and cryptocurrency.

[Cookdata]

Are there people that still don’t know what bitcoin is all about at this stage?   This is shocking though, you tried in your one way of explaining to him but I hope you didn’t hype it, I frowned at people that does that because people expectations becomes high and they expect much from bitcoin and along the line, if it doesn’t go the way they want it to be, the reality set in and they give up easily.

It’s always advisable to tell people all they need about bitcoin, not only the sweet talk investment this and that, tell them the risky part of it, it will at least ease their expectations when there is volatility in the price, trust me those are the people that last with bitcoin even when there is FUD or bleed in the market.

[Smartvirus]

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment.

Sometimes I wonder if investing is really the best step after some minimal introduction just as in the case of OP. U dont know if the narration is one that comes with some absolute truth but, it's just too early to want to invest almost immediately. You must have been very convincing in your small talks with your supposedly friend and I think you could do well in affiliate marketing with your talent.

Its nice to have brought your neighbour on board and most of all, introduced him to the forum but still, your guidance doesn't end there for him. There is a lot he needs to know and I hope you don't hesitate when the questions come pouring down because it does.

[Cryptomiles1]

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment.

Sometimes I wonder if investing is really the best step after some minimal introduction just as in the case of OP. U dont know if the narration is one that comes with some absolute truth but, it's just too early to want to invest almost immediately. You must have been very convincing in your small talks with your supposedly friend and I think you could do well in affiliate marketing with your talent.

Its nice to have brought your neighbour on board and most of all, introduced him to the forum but still, your guidance doesn't end there for him. There is a lot he needs to know and I hope you don't hesitate when the questions come pouring down because it does.

Though I have also come to think of this as well but what I understood is that, we don't know how much longer they have been in touched since she said is the neighbor so I believe there were lots of discussion before, but the op seems not to be good in essay writing so he summarized everything to be very short and brief imo.

[pawel7777]

...
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Guess who's gonna be to blame if:
- he buys btc and the price goes down
- he starts trading alts and loses money
- the exchange gets FTXed
- he gets hacked etc?

Yup. You.

By all means, do explain to people how btc and crypto work, if you have the knowledge and they are showing interest, but do not go around giving investment advice.

[Dave1]

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

It's not the question whether you are right or wrong, it is still base on the individual itself if he is willing to listen to you or not.

If yes, then good, at least you bring someone in the bitcoin market, but it's going to be a long journey for him. And for sure, he will have to research it himself, the risk involved and the profit and loss. Hopefully he can join the community as well so that if he has questions then obviously he can ask around and for sure he will be answered by most senior members here.

[Razmirraz]

To find out what Bitcoin is that cannot be understood by an explanation through my mouth, the neighbors/shopkeepers must get more education to get to know the real Bitcoin. You can direct the shopkeeper to look at the Whitepaper to find out the technology and purpose of Bitcoin. I would not advise you or your friends to invest in Bitcoin with limited knowledge, as you said above, Bitcoin does not only offer benefits, but the risks are far greater than imagined.
While on the other hand you also have to explain to your friends not to store their assets on an exchange, a safer storage area is needed that cannot be accessed by other parties.

[laurenB7742]

According to me, what you do is a bit too hasty. You are also new, which means you don't have too much bitcoin experience, so giving investment advice to someone is a mistake. Not only investing in bitcoin but any form of investment requires knowledge first because investing without knowledge is like we are gambling with our money. What happens if they lose? I'm sure he'll blame you for giving advice when you don't have too much knowledge about bitcoin.

[CryptounityCUT]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

You did a great job, nowadays it is very important to educate yourself, then this knowledge pass to other people so you can do something good for yourself and the person you educate. In my opinion the most valuable thing is to be aware of situation, charts are just for view, and the strategy is just 5%, 95% of all other things is MINDSET

[Pesona1]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

What you are doing is correct as long as you can give him an understanding if investing in bitcoin has a big risk, inviting him to join the forum is quite the right thing considering we are still too new to understanding bitcoin and I think we can learn together in this forum, So far, people actually know what bitcoin actually is from advertisements on social media and the internet, but many of them do not understand how to invest or trade, so far, many are even interested, but unfortunately many of them are actually deceived because they invest on sites or exchanges scam that continues to spread traps through advertisements, so it's better for you to teach or even show your friends the site or bitcoin exchange that is truly trusted.

[Bobrox]

There are not problem about your decision inviting 1 of your friend for investing in Bitcoin due have explain clearly about Bitcoin side between advantage and disadvantage. I appreciated with your way how and what method used for inviting your friend and want to invest in Bitcoin, but don't blame tell them with how many investor loss their money after wrong way investing in Bitcoin due reach higher price.

No bad, before inviting your friend to invest in Bitcoin teach and make them understand how Bitcoin is working, actually when your friend understand about Bitcoin investment risk they will prepare and already when Bitcoin growing up and they loss investment values although still have hope for Bitcoin going back to higher price.

[osasshem]

Every business person is always interested in profit making, which the profit that can be made from btc is huge so is the loss that can also follow. Though it is funny as a beginner to invite a beginner, but one thing which I saw that is a bit a safe thing you did, was letting him know about this forum, where he can learn more about btc, and for you too, you need to keep yourself updated, cause questions will be flowing in from him, and he will really be needing confidential answers from you as his guardian in this space.

[Awan putih yang cantik]

The most important thing that interests me was telling him to join the forum, meaning he will learn more things not only the investment aspect of it but this will include the security aspect also. The types of wallets and exchange to use, this forum is a great place to study more about bitcoin.
You did well by referring him here because i believe here is the only solution for you two to get all necessary material about bitcoin and cryptocurrency.

Yes, that's also what I mean, so that my friend gets a good lesson, because joining this forum is the right thing. because Honestly, to explain bitcoin to my friends, I also lack experience because I'm still a beginner in bitcoin and crypto.