Why recommend when they don't understand the risks?

[Saint-loup]

Anything different from bitcoin is a pure gamble, before you start telling your friends and family about how crypto investment can change their lives, let them know that they are in for some pure gambling.
[...]

Why do you say, anything different from Bitcoin is pure gambling. I don't understand.  You mean all cryptos are gambling games except Bitcoin?
It can't be true because all cryptos follow the same movements including Bitcoin, so if they are some kind of gambles, Bitcoin is also a casino game. Hence it's a little bit useless to take those precautions with altcoins, if you are not doing the same with bitcoin because you'll face exactly the same issues at the end.

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[qwertyup23]

Well, I would argue that if my family members are interested enough to learn and know the fundamentals of cryptocurrencies, I would not hesitate to explain it to them. Remember that all types of investment have risks- whether it be gold, stocks, bank notes, etc. You would just have to choose on which risk you are willing to experience and face in the future.

I would also keep my mouth shut but the opportunity of having to invest in BTC is just huge especially with the incoming fork in the next year. If my friends ask questions about it, I would not hesitate to explain it to them BUT I would never compel or force them to invest. Everything will still depend on their personal decision whether they want to invest or not.

[Daniel91]

It's not a problem to mention bitcoin to your friends, but it's important how you explain to them what bitcoin and crypto are.
We are often carried away by the euphoria of our successes and we want to share this happy news with our friends, but that is not good.
Especially stories about possible big profits and getting rich overnight should be avoided.
When I talk to my friends about crypto and bitcoin, I first explain to them that it is a very risky investment in which they can make money but also lose everything.
If after that they still want to continue, I will send them links where they can learn more about crypto and based on all the information and analysis obtained, make the best decision for themselves.
I always tell my friends that it is important to analyze everything well, have a concrete investment plan and a clear exit strategy.
If I know some of my friends are not ready for crypto and don't have the patience to analyze and learn, then I won't even tell them anything to protect them from themselves.
Crypto is definitely not for everyone.

[lovesmayfamilis]

I agree with the OP. To recommend something, you need to be an example. If you yourself doubt your knowledge or whether it is really worth the risk, then why bring those who are completely weak in knowledge to this? I will gladly talk about bitcoins, but I will not advise on investing, even if I see that a person has free money. I think that if there is a beginning of interest in bitcoin, a person will come to a decision about what to do next.
And speaking of altcoins, today's Telegram channels are just full of ads and put pressure on people to invest their money as quickly as possible. There are many channels, but after the first crash, they all disappear, leaving people with empty pockets. So again, we are all adults, and everyone has their own head on their shoulders. Everyone should decide for himself whether it is worth the risk or not.

[tvplus006]

...And when things failed to go your way, you will have to worry about how others are feeling about you because they are also in losses. You will end up regretting taking someone along on that uncertain journey...

It is obvious that you were having conversations about cryptocurrency with your friends incorrectly, as they perceived them as financial advice on investing in cryptocurrency. Otherwise, they would know how risky such investments are and that there is a high probability that they could lose their money.

[salad daging]

I really don't like it when someone asks how to invest in bitcoin, while he himself doesn't understand from the basics, let alone understand the risk, it's the most difficult to explain, but he still insists on doing it, sometimes I need a broad explanation, even if what I say isn't understand by him different talk with people who already understand about crypto the chat will continue to be interesting because of mutual understanding.

For me, it's always better not to advise anyone because this is a big risk or to say gambling is true because you don't know how the bitcoin price is even though you know the prospects are high, but it's better to leave that person because after all it will be a burden when they don't want to blamed for the loss of assets due to price declines.

It's better to appreciate those who understand more because it will be a friend to confide in.

[Coyster]

Why do you say, anything different from Bitcoin is pure gambling. I don't understand. You mean all cryptos are gambling games except Bitcoin? It can't be true because all cryptos follow the same movements including Bitcoin, so if they are some kind of gambles, Bitcoin is also a casino game. Hence it's a little bit useless to take those precautions with altcoins, if you are not doing the same with bitcoin because you'll face exactly the same issues at the end.

I don't quite agree with you, whilst many altcoins (not all) might somewhat follow BTC's price movement, they are not similar in any other way, the only argument of altcoins being similar with Bitcoins can only be made in terms of price movements. Having said that, majority of altcoins do not have a strong network, are centralized and also pump and dump coins, thus even if Bitcoin depreciates in price and many altcoins follow suit, not all of them rise again when Bitcoin starts appreciating, so many of them die off because they have zero use cases.

These are some of the reasons why altcoins are more or less gambling, whilst Bitcoin isn't, because Bitcoin has an actual utility and a secure network, yes the price is volatile, but it cannot go extinct, neither can a flaw occur in the network that would lead to people's funds being stolen, but these can happen to most altcoins. Even if all of these are true, people should never forget the rule of thumb of investing only what they can afford to lose.

[CryptopreneurBrainboss]

Anything different from bitcoin is a pure gamble, before you start telling your friends and family about how crypto investment can change their lives, let them know that they are in for some pure gambling.

I always tell people that it doesn't really matter if their favorite project made people tons of X's in regards to profit gained from investing in the project, such results doesn't mean the project is great. Infact scams give people more profits then real businesses especially in short term. This people that gets lucky are of a small percentages therefore a majority lost their money but that's the reversed when the project is authentic. Therefore it's best to stay away from the scams as you're likely to end up in the unlikely side thereby losing all your capital invested.

With Bitcoin there's no loss, if your coins value fall, it doesn't really matter as you are still holding 1 (or any other amount you hold) out of the limited 21 million supply of the rarest digital coins that'll even exist. I don't think any other individual or group can replicate what Satoshi did. We'll always have other lookalike or wanna beings but none can replicate Bitcoin and what it's to achieved globally in the future. We might even get it adopted as the payment system of the internet someday without any other competition available or even greater achievements.

[Hyphen(-)]

Some people believe that trading Bitcoin and cryptocurrency is a sure way to make money, so they jump in without any background knowledge, and when they fail, they blame the person who introduced them to cryptocurrency, despite the fact that they were supposed to learn before they started trading.

[YellowSwap]

Some people believe that trading Bitcoin and cryptocurrency is a sure way to make money, so they jump in without any background knowledge, and when they fail, they blame the person who introduced them to cryptocurrency, despite the fact that they were supposed to learn before they started trading.

They blame the person who introduced them to cryptocurrency, just like you said, but just think about what they would do if you are the one that help them choose the exact project to invest money on? I believe that is what OP is trying to say, the pressure will be much and the hate will be out of this world,  you are a bit safe if you just introduce them to crypto and they make decisions of choosing a project.

[Bhig Daddy]

When you are advised to choose a cryptocurrency without being adequately informed of the risks and challenges involved, it sounds like the most annoying aspect of cryptocurrency. This is frequently compared to half-baked bread when information is not fully provided to educate others about a particular new system, and when such newbies have fallen, they regret taking the step in the first place. If we must introduce new people to the cryptocurrency world, then we should educate them on the risks and challenges involved in choosing it.