What went wrong with bitcoin! Reply

[SirLancelot]

My reply, sir generally the market is down not only to you but everybody, just exercise patients because even myself can not explains to you why the price is not going up, I guess this is as a result of low demands and supply's chain of distribution of bitcoin that has affect the market but don't panic am sure you will recover your money when the market rise soon, but how soon he ask? I said the market is rising slowly already.

Before we allow people to invest in Bitcoin, they must understand that we do not control the market and that there is a risk. Even if the price of Bitcoin falls dramatically, it will gradually rise above your purchase price. But we have no idea when it will happen. Some will take a few months, while others will take a year, so patience is essential here.

Aside from that, I just don't believe that it was due to a shortage of supply in Bitcoin since when there is a lack of supply and demand in Bitcoin, the market tends to consolidate, so the price doesn't fall but also doesn't rise. The price of Bitcoin will only fall if the supply exceeds the demand.

We can't control them because it was their money and as a newbie it's normal that their urge is high. They can hastily invest disregarding the important points that they must know. As a result, they are now wondering on why Bitcoin falls down and seem to not recover anymore. They are now worried and worse is they will start selling at a loss.

There is nothing we can do about it. A shortage in supply and an increase in demand will actually lead for the price to rise. This is what will happen soon with Bitcoin after several halvings. There are also people who lost access to their Bitcoins which can make Bitcoin scarcer. For now, the price falls for some reason and not because the demand have totally dropped.

[Silberman]

(....)
The argument ends but I want to draw this lesson to everyone;
1. When introducing crypto to anyone let them know you're not responsible for anything contrary.
2. Tell them you don't control the price, the system does.
3. You're not liable to any losses
(....)

This is why when someone asking on me about Bitcoin, I just give them a brief explanation of how Bitcoin works because a lot of people always misunderstood what meaning of Bitcoin or how it works.
This is a normal encounter when you do it with new people. Because most of these people see on internet especially social media are good sides, like easy money, profits on investing/trading, etc.

It is very rare that anyone that approaches you and asks about bitcoin is doing so because they are curious about the technology or its characteristics, they do it because they have heard that you can earn money with it and they want a piece of it, then it would be better to open their eyes and tell them the truth about this market, and how people like them lose all their money as they end up investing in all kind of useless coins instead of obtaining the results they want.

[panganib999]

Idk man, maybe don't paint bitcoin as the jesus christ of investments? The problem is that newbies and people who just got in the business portray bitciin as some sort of end-all-be-all investment hack that could get people rich in a jiffy. That's just wrong and a surefire way to have someone hate you for life. Don't invest in bitcoin if you haven't done your own research, unless you wanna lose all your money after not timing the buy right. More so, do not tell people to invest in hitcoin if you don't even know how half of the whole process works. These people have their lives and financial stabilities at stake and could very well lose it just like OP's example.

TL;DR: Don't tell people to invest in bitcoin if you don't know how it works and only sees it as a way to get rich quick.