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Author Topic: Reason why I will never help anyone to invest in crypto  (Read 504 times)
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January 27, 2023, 09:59:07 PM
 #61

No matter how close we are, I will never invest or collect your money to help you trade with it, if you want to make money from cryptocurrency, then you should be ready to learn, you won't just seat in a place and be expecting profit, funniest part is that some of them might be thinking you are cheating them which can cause another problem. If you want to trade or invest, I will take my time to explain everything to you but I will never collect money to invest for any of my friend, even if the person is my family member I won't do that.
It will always cause problems if we collect their money just to trade for profits that are shared equally. I think this method is wrong and shouldn't be done because you have to start your own way, not with other people who only rely on this, you have to keep it away and I don't want to do this too risky.
It's true that it's better to do it as a noble duty to teach them in terms of trade and investment, while to start the action, let him alone and never interfere in these matters, maybe we will be considered as fraudsters if we take money collection then the profit is not as expected, this which need to be avoided.

R


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January 27, 2023, 10:26:31 PM
 #62

If I were in your shoes, I don't think I'd do what they think because, in the end, I and they will be enemies no matter what they think, like maybe I don't want to help them invest or I don't want their progress, but if they keep insisting, I will like them to know what the risk is in investing and we will have an agreement first or in fact I will get an evidence to be my support incase something bad later comes up, but seriously investing for someone is not advisable because it is a risk.

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January 27, 2023, 10:29:11 PM
 #63

If I were in your shoes, I don't think I'd do what they think because, in the end, I and they will be enemies no matter what they think, like maybe I don't want to help them invest or I don't want their progress, but if they keep insisting, I will like them to know what the risk is in investing and we will have an agreement first or in fact I will get an evidence to be my support incase something bad later comes up, but seriously investing for someone is not advisable because it is a risk.
You do not do that in the first place because you already know what will going to happen. If they want to invest they should do it on their own because it would be your fault if you help them invest into something that they don't know. You can help them invest if they are ready to accept the fact that their investment might gone for good or it will be a profit depending on the market situation.

Don't please people if they think you are a pushover be savage when it comes to investment. OP was right for what he/she did.

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January 27, 2023, 10:33:31 PM
 #64

If I were in your shoes, I don't think I'd do what they think because, in the end, I and they will be enemies no matter what they think, like maybe I don't want to help them invest or I don't want their progress, but if they keep insisting, I will like them to know what the risk is in investing and we will have an agreement first or in fact I will get an evidence to be my support incase something bad later comes up, but seriously investing for someone is not advisable because it is a risk.
It's better for you to remain indifferent even if they insist on getting investment knowledge or something from you. Because when you start not caring about their stubbornness, of course they will find someone else to ask about this even though one day you will also be considered an enemy by them because you don't want to teach them about investing or something like that now. But I think it's normal because everyone also has the right not to teach everyone in this very risky job.

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January 27, 2023, 10:57:00 PM
 #65

Well it has once happened to me also,my was one of the cyptos that I was growing with back then and it was called Drive go. He saw my success and he asked me when I did explained everything to him but he still was asking me to trade for him, but I refuse and we went mad at each other,so after the I calm him down I have to show him how everything thing work, I show him all the risky and every other thing too, you make the trust you and make them believe that it not a scam.

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January 27, 2023, 11:11:59 PM
 #66

I'm glad you didn't accept to either buy, hold or even invest Bitcoin for any of your friends and I think they know the risk already but they're now looking for who will bear the burden of doing all the emotional work associated with crypto while they sit and hope to get paid without any effort.
I'm glad you know that investing Bitcoin fir someone else is wrong but it will be wise that you let them know if the risk involved and also talk about the percentage of risk you'll share while holding the coin just incase things go sour, that if you must help them to invest.

R


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January 27, 2023, 11:26:39 PM
 #67

If I were in your shoes, I don't think I'd do what they think because, in the end, I and they will be enemies no matter what they think, like maybe I don't want to help them invest or I don't want their progress, but if they keep insisting, I will like them to know what the risk is in investing and we will have an agreement first or in fact I will get an evidence to be my support incase something bad later comes up, but seriously investing for someone is not advisable because it is a risk.

When it comes to helping others invest in anything alert from Bitcoin or crypto it's best to let them do it their self. To me I will keep on saying it investing for someone is one of the dumbest thing I will ever do.

And this also applies to many aspect of our lives, if you see something that will benefit others it's great to let them know, if possible teach them how to do it but never in your life do you ever try to do it for them. Let them do it themselves if it's something they find amusing or if it's something they can work let them continue if not let them find other alternatives.

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January 27, 2023, 11:36:28 PM
 #68

It's enough for me to help other people to invest in crypto, starting from helping me get on the exchange, choosing coins, and also doing trading activities. I had to do this because I was still a family and he kept asking for help. This incident is quite long, but this is what makes me a very valuable lesson, whoever it is, it's better to avoid this. Because, when they don't have enough knowledge about crypto and they invest in crypto because they are tempted by many profits, then they will only focus on the hope of these profits. Even though we have explained many times about the risks and also I cannot guarantee this investment, and they have said many times that they are ready for the risk, in fact, it will change. Yes, that will change when they check their accounts and find their assets declining due to the bearish phase, they suddenly blame us, and judge that we are not serious about helping them. This is what's troublesome when we have to explain many times, from beginning to end, but it won't be heard because of their disappointment that didn't match expectations. And finally they sold the asset at a very low price. Even if they want to be patient, holding Bitcoin for the long term will be better. That's why, from that moment on, we will no longer want to help others to invest in crypto, no matter what they want. I would rather direct them to really learn first and invest after they really understand, and not with my help.
So here, I totally understand your feelings.

R


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Wiwo
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January 27, 2023, 11:47:28 PM
 #69

I have also experienced the same thing with some of my forks who want to make their investments decision andchoicese based on my observation and prediction, but my fear always is what the result of a bad market will be since they have solely become dependent on me to choose for them what investment decision to make,  but that is not possible because I can't have anyone blame me if their investment goes wrong. But if they make the choice themselves they will learn to take responsibility for their actions and make better decisions in the future since there will build more confidence in themselves some of them are not willing to take that long walk, and there prefer being fed with every information their need all the time because their ether lazy to research and seek knowledge.
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January 28, 2023, 10:43:42 PM
 #70

Traders and investors should always be responsible of what they are doing in the first place. Otherwise, they will not be effective and successful investors and traders if they keep on relying others for decision making or they leave the management of their investments into other people. It’s okay to lose, eventually they will learned from it and become good investors and traders in the process.
Some people don't really know about cryptocurrency and they don't care to know about it, they just hear people saying they are making money from cryptocurrency and they will also want to start making money that's why at the end they are always scammed. Why will you want to make money and you won't be ready to learn, they are looking for free money, that's why you will see some people looking for signal groups, they are looking for people that will just give them signal, immediately they enter the trade they will be in profits, most of them don't want to learn how to do analysis.

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rat03gopoh
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January 29, 2023, 03:45:58 AM
 #71

Lol, the typical person who is silent when they are lucky, talks a lot when they lose.
Same in my position, that was about 3 years ago, they became excited when they heard success stories and were discouraged when they started talking about risks. And yeah they think risks can be easily avoided like turning the palm of the hand if entrusting everything to "experienced" friends.

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Luzin
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January 29, 2023, 04:35:33 AM
 #72

Lol, the typical person who is silent when they are lucky, talks a lot when they lose.


Is there still this kind of person? This is really funny.
I think a lot of people post their profits on social media, and talk a lot about those advantages.  I always see a lot of people like this on social media, especially Futures traders. Maybe they're proud or they're intentionally trying to entice others to join in because they're curious.

Everyone may be different, nor will I teach if they don't ask. Because I don't want to be blamed for their losses. Even though I used to teach and start with the risks and disadvantages at first. But they still don't want to lose. Even though I have told you, every beginner has nothing to lose for the initial process. Because I used to be like that, but next I can learn and benefit. My experience is that it doesn't happen to people, because they don't want to survive, they tend to immediately want to make a profit.

R


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LLBIT|
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January 29, 2023, 09:58:46 AM
 #73


Is there still this kind of person? This is really funny.
I think a lot of people post their profits on social media, and talk a lot about those advantages.  I always see a lot of people like this on social media, especially Futures traders. Maybe they're proud or they're intentionally trying to entice others to join in because they're curious.

Everyone may be different, nor will I teach if they don't ask. Because I don't want to be blamed for their losses. Even though I used to teach and start with the risks and disadvantages at first. But they still don't want to lose. Even though I have told you, every beginner has nothing to lose for the initial process. Because I used to be like that, but next I can learn and benefit. My experience is that it doesn't happen to people, because they don't want to survive, they tend to immediately want to make a profit.

There are a lot of people who want to make a quick profit. But, seriously, are there many places nowadays where you can get something without risking anything, with no experience, and in a hurry? I don't understand why people don't ask this question. Yes, we see a lot of beautiful stories on social networks, and maybe some of them are really true. But more often than not, few people like to write about their defeats, about those roads on which people lose a lot before gaining experience and succeeding.
True friends should always tell the truth, even if it is cruel. Therefore, if someone wants to help with investments and has more experience than his friends or family, they should start with the bitter truth about the losses that can be inflicted by interacting with cryptocurrencies. There are a lot of little things, and before taking risks, people should learn about every little thing, which in their case can play a decisive role.

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..BUY/ SELL CRYPTO..
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January 29, 2023, 12:19:08 PM
 #74

Better just to make a head up to them and like their totally mentor just like following all the things you've said because we know the market and volatile it is and we know how people really care about their money just give them the information they need and not take them what ideally they need to do because there's a chance if you make a mistake there's a blame might happen even though you just want to help them, or else make a conversation with them to exchange ideas to make yourself too knowledgable what did they experience.

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February 02, 2023, 06:51:46 PM
 #75

If there is any reason why I won't help anyone invest in crypto is because,
Is not everybody that have a mutual understanding of cypto, so many persons believe crypto is all about profit which is not true, and if they witness any loss they will tend to blame you who introduced them to it and blame you for introducing them to it,

As for me I will invest in my crypto myself and bear both my profits and losses, I wouldn't want to introduce anyone to crypto only to be blamed if the have loses...

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February 02, 2023, 07:09:46 PM
 #76

Hehe.....
Why should anyone Lure me into accepting the idea of investing for them either with their cash, or with mine, for the fact that they're afraid of getting into the crypto journey themselves?? I mean what the sense in that?? So when everything goes wrong, they'll get to blame or sue you for deception and fraudulence?? Not me!!
No one is actually controlling the system, not even me I only invest just like every other person does and if it prolly gets to its tip, I take my profits. Hope you're not actually feeling bad for having em peeps you introduced into crypto ahead of you?? Cus why too?

Sandra 🧑‍🦰

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February 02, 2023, 08:33:06 PM
 #77

Maybe you hype the success stories more than the ugly side of crypto investment? I prefer telling people about how stupid mistakes could make them lose everything in crypto than telling them they can make a life changing money, and if any still stand after the frightening side of crypto investment warnings then the person may be ready to learn.

Do not waste your time on people who are not ready to work and take responsibility but want all the goodies for themselves.
Helping someone invest and convincing someone to invest are two different things, maybe the person is convinced and wants to invest but don't know how to then I can he him with the investment process,

But you see convincing people to invest in crypto without telling them the ugly side of it, maybe you just told him about the profits without telling him that it's a risk then unfortunately the value falls down just consider yourself in trouble because some people will actually take it personal with you , except few that understands.
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February 02, 2023, 08:53:41 PM
 #78

There are some people like six of them who are troublesome to me, they don't want to learn but they like the success stories surrounding crypto investment, not sure about the risk side, the funny thing is they want me to help them invest and choose coins for them, to me this is like breaking the rules of crypto investment, meaning they have no knowledge about what they are investing money on.
Some people are always looking for an easy way to success, not realizing that knowledge is the key to success.

Their main goal at this point is to trap you in case the market falls and they lose their investment. However, you made the correct decision in instructing them to learn it on their own because once they have the knowledge, they will be able to minimize risk and understand the fundamentals of Bitcoin and Blockchain.


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