I don't know if am right or wrong about this.

[Rigon]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Since you told him about all the risks involved, you never went wrong, you did the right thing in the first place. But from your words, I understand that your friend has a lot of desire to know. You teach him with maximum effort and you must clearly show him the picture of the loss from your trading. Especially if you don't take him to the futures trading platform in the first place. Futures trading platform is one such platform where one small mistake can result in the loss of all one's money. So I would like to tell you that you better teach him about spot trading in the first instance. Because in the spot trading platform, even if there is a loss in the first stage, there will be a possibility of recovery later.

[1714220202]

1714220202

[1714220202]

1714220202

[1714220202]

1714220202

[1714220202]

1714220202

[1714220202]

1714220202

[Silberman]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Your friend is the one that took the initiative of asking you questions about what you were doing, so in the case they try to become traders and they fail you have no reason to feel guilty about it, as you are warning them about all the possible dangers that they could possible encounter, yet they could still blame you as this is simply human nature, so be very careful how you say things to your friend from now on, and always tell them that at the end whatever decision that they take is their responsibility and not yours.

[Husires]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

[Mr. Magkaisa]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

    -    Entering cryptocurrency trading is possible if you say it's not a joke, Yes, it really can be a source of income if you have a deep understanding of it, because if your understanding of it is not that deep, you cannot engage in crypto trading activity here in the crypto space.

Because if the step we take is rash, our hard work here will surely go to nothing if the step we take is wrong of course.

[Hamza2424]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

The risk involved in trading is obvious but with the passage of time when a trader uses it he learns trading risk management. So there is no reason to be shy if you really share information in a genuine way because this is the universal fact that every business involves risks of failure.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

This is very common with fellow mates, they usually try to pick up new things always, and there is only a 5% chance such types of Rockies are going to start trading. You don't need to be uncomfortable he is your friend guide him well. He will understand and pick your tips more intentionally than a stranger teacher. This is your responsibility as well if your friend is facing some type of financial issue and you think of it that trading skills may help him. Just guide him that he should stay aways form the Future market.

Reading a few comments on Copy trading I would strongly recommend not trying to copy trading at the start of your journey because it will directly effect your learning phase. 

[Minecache]

~snip~
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

It's an unpleasant feeling, I was in your situation, and I was unlucky when my friend lost money a few days later. Although he didn't blame me for trading on his own without consulting me, I was always annoyed that I was the one to guide him to this market. If it's my money, I'll never get upset, but it's someone else's money, I always feel a bit guilty. That's why I don't want to give anyone any offer or investment advice, even though they say they will take responsibility for everything.

[cydrix]

When you are good at what you do, you shouldn't talk about these things with your friends or family. Some of them won't believe you, some will get envious, and some will try to learn but do a terrible job of it. It will get boring having to deal with all those different folks in the end. Why put effort into them when you can increase your income instead? Your friend is likely to make a mistake, lose money, and then hold you responsible. Nope. Avoid doing that. It is preferable to avoid discussing any aspect of money matters.

[Sanitough]

Well, in this case, it doesn't matter whether it's right or wrong, because of course all decisions come back to your friend.
But on the other hand, apart from talking about the risks, you also have to say that trading, especially being a day trader, is one of the actions that new people cannot do. Because seeing from your story, he is a new person in my opinion so in this case it is clear that it will be very difficult and even likely to be impossible to do.
Actually telling is something very good but for the sake of smoothness it's better to also tell him that he won't be suitable for trading because this besides requiring a strategy, this also requires a much more understanding than that and when just trying it without having the slightest basic knowledge it would just be like suicide.

I can sense that your friend has quickly invested without proper education and thorough knowledge on the type of investment that he’s going to enter. You should have warned him in the first place that trading is actually hard for beginners, especially for those who have no knowledge and experience in trading. Yes, it can be profitable in the long run, but it also depends on one’s skills and strategies. If your friend do not have that, clearly he’s up for a suicidal decision.

[SamReomo]

I don't think that you have done anything wrong. When your friend saw you doing trading he became interested to trading. You should not worry about anything, just go to your friend and explain the risks that are involved in crypto trading. Teach him about the basics of Bitcoin in general and recommend him to trade Bitcoin only because it's the safest option for beginners.

Other than that you should also tell him to learn about trading through online courses and other available materials before delving into it. It should be better to guide your friend that crypto market is so volatile, and someone who has not yet developed a strong mind won't be able to go so far in this endeavor.

You should also guide your friend that a trader should have a proper plan for trading, and the person should be an active learner who could learn from the mistakes. Other than that you should also explain that a proper strategy is a necessity for long term trading.

Once you have explained everything in full details now let your friend decide that if he's ready to enter the world of crypto trading or not. If he's ready to start crypto trading then help him with your knowledge in initial days after that he will learn from his experience.

[Mpamaegbu]

I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You would've been wrong if you didn't expose it to him after he became persistent to learn from you. You haven't done anything wrong as long as you also told him the cons and pros of it. Letting him know about the risk and loss side of crypto trading and making him realize that it's not always rosy is the caveat you've applied. If tomorrow he engages in trading and loses, he won't cry to you. If he does, just remind him of the caveat. Crypto trading isn't for the faint hearted, actually.

[usekevin]

Their is not risk in the cryptocurrency trading,if you are ready to hold till the price back to the old price.Because most of the trusted cryptocurrency had their own pattern,So the same price will come twice with certain period of time.If you are doing the trading for the full time,then you are doing of day trading.In day trading,you need to satisfy with the minimum profit as compared to the maximum profit.When the trade with minimum time period,fix the trade profit with the range of 5% as your profit.The five percentage also like you get into the wallet balance,So you can target the money with the percentage of the 7 percentage as the minimu profit from the investment.

[NotHatinJustTrollin]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

It is essential to educate others who are interested in trading so that they can make informed decisions. You were honest with your friend about the risks and even recommended a course and platform for him to learn more and get started.

It's important to note that you cannot control the fluctuations in the cryptocurrency market, and there is always risk involved in trading. However, by being transparent about the potential risks, you have done your part in ensuring that your friend understands the risks and can make decisions based on that knowledge.

Ultimately, it is up to your friend to decide whether or not to engage in trading Bitcoin. As long as you have been honest and transparent throughout the process, you have done your part in educating your friend, and he can make a decision based on the information provided.

[Bobrox]

I don't think you have in the wrong position because talked about risk with trading in cryptocurrency, indeed still general explanation about Binance trading maybe your friend try with future not spot trading. I faced with your position not only when recommended some one trading in spot or future they are forget us when earning profit position, but if loss they will fault us because not recommended them which one coins have to trade.

Don't worry, you have right decision talk him about risk when start trading, recommended Binance as exchange market is right decision because most securing exchange but wrong choose when your friend loss their fund depending on their coins for investing or have interested with future trading.

[jrrsparkles]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You did the right thing but don't brag everything on your shoulders, just let them to decide whether they can handle the risk involved in cryptocurrency trading and others meanwhile you can also propose him about try trading using demo account and also teach him something basic about technical analysis but don't let him to start day trading as a complete beginner because there is a high chance that he might lose his money and that you expect don't want to happen.

Start with mid term trading and then day trades with small and let's see whether it is working for him or not.

[Stable090]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

When you explain trading to someone that knows nothing about it, if they deposit money and they started trading, whenever they are in profit they will be happy but whenever they are in loss, they will end up getting angry and calling you different names, they will end up saying you introduced them to Ponzi schemes, it’s really difficult to teach someone that knows nothing about trading how to trade.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

Since he is your friend and he wants to learn trading, it won’t make sense if you don’t explain to him but make sure you lay emphasis on the risk associated with trading, and make sure you don’t have access to his wallet, let him know you don’t have access to his wallet, so whenever he is losing money, he won’t think you are the one stealing from him, and also he won’t be able to blame you whenever he is losing because you told him about the risk already.

[milewilda]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As long you didnt give him some sort of guarantees or assurance that he would be making money out of trading or crypto investment then it should be fine. It is really giving off that kind of good feeling whenever you do introduce Bitcoin into someone specially with your friend which you do share up the opportunities that it gives because we arent that blind nor dumb not to know on what are the things that it do offers or the benefits
that it do gives when you do get involved into it. If they would really be molding or creating those kind of impression on the time that they would be suffering some losses then just let them be, because self realizations and learnings is something that they would really be having later on.

I don't think you have in the wrong position because talked about risk with trading in cryptocurrency, indeed still general explanation about Binance trading maybe your friend try with future not spot trading. I faced with your position not only when recommended some one trading in spot or future they are forget us when earning profit position, but if loss they will fault us because not recommended them which one coins have to trade.

Don't worry, you have right decision talk him about risk when start trading, recommended Binance as exchange market is right decision because most securing exchange but wrong choose when your friend loss their fund depending on their coins for investing or have interested with future trading.

There are really people who do really mind much about peoples emotion or situation and this is why whenever they do introduce something then they do really mind off about those possible outcome.
We know that crypto investment or trading is really that risky and we dont really like for our friend or someone who do experience up some losses, if he would really be that
serious on dealing with it then just let them be as long you do give out some warnings or cautions about on the certain risks which it is really just that normal.

[goaldigger]

You already told about the risk, and its for your friend to decide either to continue or not.
If your friend asked you for other questions then give only the knowledge you know, but you also need to tell your friend that you will not be responsible for his losses and you can only guide him the rest will depend on him. Trading is not easy, there’s always a risk and this is just a first step for him there’s a lot more to learn.

[Viscore]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

The moment you told him to open a centralized account, you were wrong there. In the first place, you should have not instructed him that way, better to play safe than to carry the blame later on. It’s a very right decision to educate him and tell him the risks when it comes to trading, particularly that he enters trading as quickly as he can be without even making a lot of effort in researching and reading reviews about how dangerous trading is. If he’s really interested, then let him do the research on how to start trading, and not that you are obliged to feed him the details. Trading can be a great way of making and earning profits, but it’s undeniable that a lot who enter trading do not succeed on it, simply because they are not prepared on it, and they don’t have the significant knowledge and skills that a successful trader needs.

[irhact]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You did the right thing, you have told him the risk involved and he still wants to learn so in future if something happens to his capital, you're not liable to that because you have done your part. I'll suggest you don't allow him start trading immediately. Make sure he goes through the course you want to give to him first and make sure he understands what he's about doing before he starts trading

Trading is risky and people can lose all their capitals but that doesn't mean we should stop encouraging people to learn and start practicing when we know trading can change their life's because of the profits that'll be coming into their account and helping them for carrying out other life issues.

[jcojci]

You are right, but you should be able to explain more that trading is not easy and need time to be a pro trader. He should learn more from various sources to improve his analytical skills. You can also teach him about what you know so he can learn from you. Would it be better if you guys could study together?

You have to clarify that you don't use big money to trade, especially if he doesn't have enough knowledge. And don't forget to tell her that trading is not a quick way to get rich.