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

[Trinx01]

That's risky, before engaging in trading cryptocurrency, it would be better if he would learn first about cryptocurrency and some basic knowledge about it before engaging in trading or investing because doing those things without any prior knowledge about it would be a bad ending. The worst case is he might blame you for every loss he will have in the future.

[Crypto Library]

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.

I don't think you need to worry too much about it, it is good that your friend wants to invest in Bitcoin and you have shown him its positive and negative sites and I think that's enough for you.
And since your friend is a beginner at trading, I would suggest your friend to invest in Bitcoin only for the long-term, if you see that currently, Bitcoin price is still less than half from its all-time high, now if he invests in Bitcoin. Then the next halving can be expected to achieve a good profit, and therefore he should first make a long-term investment in Bitcoin if he is interested in investing.
And after giving those suggestions, you should mention to him a little more that,
 * Invest at your own risk, and never invest without analysis
 * And invest as much as you can afford to lose.

[Strongkored]

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 as you don't advise your friend to buy a coin then that's fine, and if you have told him about the risks then he should already understand every risk that will be faced in trading.
What often makes people feel they are being scammed is that because they don't get the appropriate information, it is recommended to buy a coin with the lure of getting big profits but the opposite happens.
Don't forget to also tell him to only use the money he can afford to lose, because that will be enough to help your friend if the trade goes badly, because losses won't harm his finances.

[rat03gopoh]

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

Yeah, that's the right move. You have to talk about risks everywhere until someone accepts that it's the consequences of this business that must be borne personally. Sometimes a person's curiosity is too great to prevent it.
You can let him trade with only the minimum deposit allowed on binance (I think it's $10) and see what your friend will do next when really faced with the risk of losing.

[Finestream]

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 know, there’s always this humanity side of us that as much as possible, we can offer help to those who are in need of it. However, we should also be careful on what type of help that we can extend to them, otherwise it will only make them miserable later on. That’s how I see your status right now. It’s not bad to educate your friend actually, but do not cross the line. Just let him decide on his own. If he really wants to trade and be successful, then he should work for it. You should have told him to educate himself more by making thorough research in the internet. I guess with a lot of youtube videos available, he will surely get an idea from them.

[Odusko]

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

This kind of behaviour is not only peculiar to your situation alone because most of us who went through the rigorous process to become experts in whatever we do find it hard to explain to others what the it took us to achieve such confidence and skill.
Trading is one of the high-risk ventures in the cryptocurrency space and at that, and to become a good trader one needs to go through a lot of losses and rough rime but if you press on with trading even though you are losing money, so not all newbies can handle such bad experience and that is why most people who are involved in such as passive trading will rather keep it secret and keep pressing on without involving any third party same way with bitcoin holding.

[GreatArkansas]

(....)
 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 don't need to feel sorry about it, you can guide him and always give him advice or caution about cryptocurrency. As long as you are giving him good advice then all good, but be careful also with your advice, tell him always it's not guaranteed and always remind him that he may lose his money when doing this especially it is about cryptocurrency trading.

[Dr.Bitcoin_Strange]

@OP, As long as the person is eager to learn, then you are not making any mistake; the only mistake you will make is not telling them that trading will make them lose some funds in the early stages. Tell him or her that they are at their own risk, and you shall not be held responsible for any loss they incur.

Even spot trading is at least less risky for me compared to futures trading. But the only problem with spot trading is knowing the right token to buy and when to buy them, because you could just buy at a particular time and the next morment, you are already losing some percentage of your funds due to a price dump, but at least the coin will still be in your account and the price can still rise after some times, but in the future trading, once your money is gone, it's totally gone for real. So, just make sure you explain to the person what's really involved in trading.

[Cryptomiles1]

One thing I must tell you op is that his passion and interest matters a lot because there are some people who don't have passion or interest but would want to venture in trading due to the profits. If you have fully explained everything to your friend then let him decides for himself whether to further continue the trading or not, so that when there is any lost then he would bear the consequences by himself. The best is to open up to him and roll along with him otherwise him might make silly mistake and still run back to you.

[shinratensei_]

you should be more passive when it come to these kind of things, your friend want to do trading and learn, you just give them resource to binance's tutorial and you're set no need to take the blame, if your friend got profit he'll not share with you but if he lose you'll take the blame sounds like really bad deal honestly, therefore if i was you, i'd just let him learn on his own and just give caution about the risk involved of losing money here and there.

moreover, i think someone with common sense should know that every decision in trading is coming from the traders itself not someone else, there's absolutely no reason that you gonna be accused as a scammer, even if they did, that just means that they don't really understand, but my advice still stands, if someone want to learn trading they should be learning from the proper resource coming from the platform that makes profit off their trades and most of these platform don't lack any resources.

[bitterguy28]

He is persistent in asking so why feel like that, you should not mate because in the end it is His money and he will be the one responsible , you are just letting Him had another option how to earn.
as long as you did not lure Him inside to invest then of course no guilt will come to you whatever happens.

[Reatim]

That's risky, before engaging in trading cryptocurrency, it would be better if he would learn first about cryptocurrency and some basic knowledge about it before engaging in trading or investing because doing those things without any prior knowledge about it would be a bad ending. The worst case is he might blame you for every loss he will have in the future.

Thats why He is there as friend , to guide him all the wat , but OP feels bad if something went wrong when this is behind his hands, the interest comes from His friend so let him be.
the more he give advises is the more safer the friend can get.

One thing I must tell you op is that his passion and interest matters a lot because there are some people who don't have passion or interest but would want to venture in trading due to the profits. If you have fully explained everything to your friend then let him decides for himself whether to further continue the trading or not, so that when there is any lost then he would bear the consequences by himself. The best is to open up to him and roll along with him otherwise him might make silly mistake and still run back to you.

and what kind of interest is showing , means he is capable in what ever may come , actually that is the sign that the person in topic is  strong and passionate and that is what crypto market needs nowadays.

[dansus021]

you are not wrong at all if you tell the risk to your friend, trading is risky and do trade on Spot only is the best rather than on futures. because if we are trade on futures it need understand how the market works and time and etc.

I mean I usually tell my family or friend that the crypto world is risky business and sometimes I tell how much I lose or get scammed.

[lienfaye]

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.

Common worries of people who became the reason why a person engage himself in crypto. I understand you well because i'm once in such situation wherein I was held responsible of someone I just helped. But I don't see anything wrong on what you did since you already told him the risk yet he's still interested.

What you can do is help him understand more about trading. Remind him that it's not easy and gaining is not guaranteed. So he will keep in mind that even trading works for you or for other traders who are earning a decent, it's still different for every traders since it depends how knowledgeable and good you are when you trade.

[Awraawra]

The most important thing is you told him the risk in trading that anytime he can lose anytime tell him to start a small amount that he can afford to lose.
Other people they don't like risk but I think your friend is interested so teach him a lot and tell to search more and study more about trading crypto.

[Kelvinid]

...
I mean I usually tell my family or friend that the crypto world is risky business and sometimes I tell how much I lose or get scammed.

At least they know your situation and are aware that not all who come into the crypto space make money so easily and much more on trading.
A reason why we should not force people to come here and join the investment, instead it was their decision to be here and never blame anyone for whatever happen to them. And you OP, you'll nothing have to worry about his situation as you did your part already and it was your friend's decision if he pursues trading or not.
Because your intention is to give him some awareness, ideas, and crypto education, not to scam him.

[Odusko]

Trading Bitcoin is risky truly, but the fact that you are making profits from it due to your experience overtime that aids your trading decision to remain always at a profit position and the money you are making from trading is reflected in your lifestyle and your friends are seeing that impact, it will make it easy for them to remain motivated even when the odds fall against them while trading since you already enlighten the friend on the risk associated to Bitcoin trading.
And also i will suggest, you teach the friend the basic trading techniques that will help him to minimize the risk of loses, and leave him to discover his own trading path since that is the best help you can offer him at this time since he is passively demanding to be thought how to trade.

[LogitechMouse]

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.

Good for you that you are earning thru trading already because you've said that it's your income source already. As for the risk, the risk is higher when the knowledge of the person wanted to trade is lower, and vice-versa. More knowledge = lower risk. Less knowledge = higher risk.

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 know the feeling TBH of teaching somebody to trade because I didn't ever shared to anybody that I'm trading, but I know that feeling of being uncomfortable because you might be blamed whenever your friend lose your money because of trading.

Well, you did your part already. As long as you explained the possible risks of trading then I guess let him experience trading, and decide after making some trades. Sometimes, letting the person experience something is the key for them to realize if it's for them or not. Let him trade. If he losses, he might stop trading already.

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.

Tell to him that you don't have any liabilities at all if he losses. Tell him that he will not blame you if he losses money because of trading. That will make you safe... I guess.

Overall, I think you're helping your friend, and you are sharing many information already. As for the part where you are saying if you are right or wrong, like I said you did your part already, so I guess there's nothing wrong with that. As long as you shared the information needed, you shared the risks involved in trading, and you already told that he might loss all of his money at the start, then you did the right thing. Like you said, he's very persistent to do trading. Let him trade, and let him decide after getting some experience.

[dansus021]

At least they know your situation and are aware that not all who come into the crypto space make money so easily and much more on trading.
A reason why we should not force people to come here and join the investment, instead it was their decision to be here and never blame anyone for whatever happen to them. And you OP, you'll nothing have to worry about his situation as you did your part already and it was your friend's decision if he pursues trading or not.
Because your intention is to give him some awareness, ideas, and crypto education, not to scam him.

Yeah indeed some people just know that crypto is easy money maker but the truth is different hahaha. and for now I don't recommend people to invest in crypto or usually I always put #DYOR so they can do own research first. Last time I recommend people about crypto he ended up getting lose, mee too actually but I feel guilty I will made the money back someday.

[AicecreaME]

If you explained everything to him about the risk in trading, then you're all good. You didn't force him to do so, he insisted, so clear your mind and just guide your friend whenever he have a question about trading. Always include disclaimers, that'll help too. If your friend really wanted to do trading, I'm sure he knows himself that it is not that easy if he already started doing so.