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

[Litzki1990]

Since your friend asked you about Bitcoin trading, you should tell him in detail about it. Even if there are risks, you should discuss with him in detail about trading and the risks of trading. Knowing that there is risk in trading but you are trading and with risk you have earned some profit as you have taken the risk so considering the positives and negatives of trading your friend can also take this risk. If he expresses interest in this matter, then you will tell him that if his finances are damaged for any reason, then he is never responsible. You have to take full responsibility.

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[xSkylarx]

You are sending the course that you bough right? if ever he really made an account in Binance and verify it then he gets back to you then give the course you bought , for sure the very first of the course or the introductions are tackling about the risk of trading so for sure he is not dumb to not get it. As long as you are not telling him to deposit $100 in trading platform then its okay. Also he is the one who approach you and not the opposite.

[Silberman]

Since your friend asked you about Bitcoin trading, you should tell him in detail about it. Even if there are risks, you should discuss with him in detail about trading and the risks of trading. Knowing that there is risk in trading but you are trading and with risk you have earned some profit as you have taken the risk so considering the positives and negatives of trading your friend can also take this risk. If he expresses interest in this matter, then you will tell him that if his finances are damaged for any reason, then he is never responsible. You have to take full responsibility.

Probably the most important thing to do when you are introducing trading to one of your friends or someone that you know is to lower their expectations, many people really believe the ads they watch online and they think that trading is not only very easy but at the same time the profits they can earn are very high, by reducing their expectations to something more realistic, and even mention them that many newbie traders do not make any money at all, then you can prepare them psychologically to the losses they will inevitably suffer at the beginning of their journey and avoid taking the blame for those losses.

[JayTrain]

It's important to be honest about the risks involved with cryptocurrency trading, and it's good that you shared this information with your friend. It's always a personal decision whether or not to share trading advice, as there is always a risk involved in any investment. However, it's important to make sure that people are aware of the risks and that they have access to information that can help them make informed decisions. If you're uncomfortable giving advice, it's perfectly acceptable to direct your friend to educational resources and let them make their own decision. Ultimately, it's up to each individual to decide if they are willing to take the risk of trading cryptocurrency

[tjtonmoy]

At this point just tell him that whatever he does from here on out is totally up to him. You can not take his personal decisions and he has to be the one to do it. So the first thing is to learn and gain experience. Then try the main thing.
I guess everything he needs to know, you should teach him. But that all you should do. Everything that comes next is totally up to him. If he's not doing his own analysis and placing his own trades and listening to other's opinion, then all you can do is told him to stop. But never suggest anything. He has to figure it out on his own and learn from his mistakes. Seems a bit harsh, but that's the best way.
And no, you did not do anything wrong. You just showed him the road. Now it's his job to walk on it.

[justdimin]

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.

Legally speaking if you do not tell people to buy something, if you just show them how to do something they asked you to, then you will not be responsible for it. If they end up losing money and blame you, that is just blame, at  the worst case you will lose a person in your life, but if you are worried about that too much then don't do it at all, if you are not worried about some blame, then know that it is not going to end up with any trouble at all, it should be a decent situation.

I hope that it will do as well as the friend hoped for, but if it goes south then there won't be any issues, at least not legally speaking and it will not be a trouble. I personally helped a few friends, and they did lose money, but they knew what they were getting into so they understood it had nothing to do with me.

[nara1892]

It's important to be honest about the risks involved with cryptocurrency trading, and it's good that you shared this information with your friend. It's always a personal decision whether or not to share trading advice, as there is always a risk involved in any investment. However, it's important to make sure that people are aware of the risks and that they have access to information that can help them make informed decisions. If you're uncomfortable giving advice, it's perfectly acceptable to direct your friend to educational resources and let them make their own decision. Ultimately, it's up to each individual to decide if they are willing to take the risk of trading cryptocurrency

Yes, it's true, we have to provide related risks first before going further, we tell them about trading. Usually people who are new to the world of trading do not look at the risks they will experience, they are more focused on the benefits that will be achieved. In fact, in trading the risk of losing is greater, we can lose money in an instant.
We as people who know better about this should not be indifferent to them. The reason is what we must feel like when we lose money, and it really hurts. In the end when we have told them, it is up to them whether they want to continue with their intention or not.

[borovichok]

It's important to be honest about the risks involved with cryptocurrency trading, and it's good that you shared this information with your friend. It's always a personal decision whether or not to share trading advice, as there is always a risk involved in any investment. However, it's important to make sure that people are aware of the risks and that they have access to information that can help them make informed decisions. If you're uncomfortable giving advice, it's perfectly acceptable to direct your friend to educational resources and let them make their own decision. Ultimately, it's up to each individual to decide if they are willing to take the risk of trading cryptocurrency

Before entering the market, we informed our acquaintances about the perils and high risks associated in trading cryptocurrencies. It is always beneficial to enter the market with a proper solid mindset, one that will either make massive losses or enormous riches from the market.  The place is not programmed, but rather intended for individuals who know what they're doing. Trading cryptocurrencies is a legitimate method to create income on your own, as long as you know what you're doing. Cryptocurrency is fraught with dangers, and we are prepared to confront them. No matter what happens, we will remain proactive in the market. 

[Alisha-k]

If everyone decides to stop trading because of the supposed risk involved in trading, how would we have achieved a community filled with people who are enthusiastic, optimistic and pessimistic about trading on a daily..
Dish out has much information you can, and emphasis on the risk, anyone who isn't prepared to take risk is actually on a long thing cause, life in itself is a risk..

What if you acquire a big investment today, with knowledge away from your loved ones and you end up not seeing the next day, just what if??

[Fivestar4everMVP]

To be honest, the OP's story is something majority of us experience including myself, I have some really good friends whom ordinarily, I would have introduced crypto to most of them, but very reluctant to do so, simply because, like the op shared, I don't wanna end up taking any blame for anyone who looses their money in a trade..

It is always better for them to find us trading, and on their own, ask to be taught, In this regard, I won't feel any discomfort if I already clearly made them understand the risk involved.

[bitgolden]

Before entering the market, we informed our acquaintances about the perils and high risks associated in trading cryptocurrencies. It is always beneficial to enter the market with a proper solid mindset, one that will either make massive losses or enormous riches from the market.  The place is not programmed, but rather intended for individuals who know what they're doing. Trading cryptocurrencies is a legitimate method to create income on your own, as long as you know what you're doing. Cryptocurrency is fraught with dangers, and we are prepared to confront them. No matter what happens, we will remain proactive in the market. 

I think it is quite important to actually make a difference in the end, but that doesn't mean that we will be able to actually do something about what they think, you can't meddle with other peoples thoughts, it is what they think and as long as they think it that way, you can't change it. Don't we all feel like if only people think the way you think, and you show everyone the right way to live would be better?

We all imagined if we could just change some group of people to think the "right" way, which happens to be yours, we all do feel that. However, there are unfortunately too many people who will think very differently to what you think, and this will cause them to think of this situation differently too, and that's just something you have to learn to live with.

[Baoo]

In my opinion, you shouldn’t have advised him to use Binance exchange due to it is a centralized exchange, they basically require KYC verification and the assets are not controlled by users. For me, I would rather use decentralized exchange than CEX despite they are not easy to use and provide only basic features unlike CEX.
The more you have funds, the more risky to deposit them on Decentralized exchange.
And to be honest, you have not made any mistake OP, there is no need to blame yourself. The risk always existing in trading, your friend will definitely face some troubles in the beginning, that’s normal and once he gains experience, the risk of loss money will decrease.

[ScamViruS]

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.

Most of the people who come to trading come from seeing the success of their friends/relatives traders. As a result, they are busy thinking about profit faster than learning. From my own experience, helping my friends in trading, they want to profit by trading based on signals rather than building skills. As a result, they ignored all the warnings given to them and joined the signal group for trading, and quickly exited the market after trading with that signal and losing money.

[rozak]

In my opinion, you shouldn’t have advised him to use Binance exchange due to it is a centralized exchange, they basically require KYC verification and the assets are not controlled by users. For me, I would rather use decentralized exchange than CEX despite they are not easy to use and provide only basic features unlike CEX.
The more you have funds, the more risky to deposit them on Decentralized exchange.
And to be honest, you have not made any mistake OP, there is no need to blame yourself. The risk always existing in trading, your friend will definitely face some troubles in the beginning, that’s normal and once he gains experience, the risk of loss money will decrease.

there is a tendency for those who like trading to prefer CEX exchange. related to volume and also assets that can be an alternative to trade.
This risk can be overcome when they have completed daily trading so they can withdraw their money from the Exchange. or if it takes a longer time they can use less capital.
however investing and trading still have risks. so stay careful when we will put our money.

[Silberman]

You won't know until you try something. Only the result can show the correctness of the choice. There are no other ways.

While we will never know the result of anything until we try, we can in fact make an educated guess of what it may happen if we really think about it, and in most cases those which ask you about your trading results and then want to emulate you are in it just for the money, and while this is not wrong by itself, at the same time you can be sure most of them will not have the necessary discipline and desire to learn you had, making them incredibly vulnerable to suffer losses on the markets and then blame you because of it.

[MIner1448]

When it comes to investing, especially in cryptocurrencies, it is important to be honest and transparent. Your friend should have known all the risks associated with trading cryptocurrencies before he decided to invest his money. To avoid misunderstandings and conflicts, you should have honestly explained to him the risks associated with cryptocurrencies and trading methods. If you don't feel confident that you can explain it, it might be best not to advise anyone to trade cryptocurrencies.
In addition, you should also be prepared for the fact that the cryptocurrency market may change and you may lose your money. It is important to remember that investing always involves risk and no one can guarantee success.
If your friend does decide to invest in cryptocurrencies, it is important that they study the market on their own and understand how trading works. Never invest more than you can afford to lose.

[dunfida]

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.

There's nothing wrong on sharing up the idea and things you've been doing, the only wrong thing is on the time that you would really be making out some guarantees into someone that they could make money out of

trading which we know that it cant really be that possible.We know that this is something that wont really be that so simple in speaking about sustainability. Trading is something that giving out that kind of sure profits
because we are dealing on a market which is really that totally unpredictable or random which there's no way that we could be able to make assurance that we could really make money.

We know that results or outcomes doesnt always that would be similar if ever it did happen to you or into others but doesnt mean that it would really be the same into those who are just recently
trying out to get involved with .Results and outcome could really be affected with lots of factors because decision making by a veteran person is really that totally different if you do compare on those
someone whose completely noob.

[blockman]

You won't know until you try something. Only the result can show the correctness of the choice. There are no other ways.

And that friend of mine might blame him for having a bad result. You know that people nowadays are looking for interesting things but then if they fail, they look for someone who's to blame for their actions for having an unfavorable result.
It's already there @OP and you'll never know how he's going to react to the losses. Let him learn his trades and experiences until he's the one to open up to you that he's going to continue or he's already given up. Don't make yourself accountable for that as you've just shared and never encouraged and convinced him to trade. Whatever the result will be, it's his fault.

[Mate2237]

I don't know why you are even uncomfortable, or you don't want to tell anyone about trading before? You supposed to be bold and sound to tell anyone who wants to hear and learn because trading is not a personal business and it is a general business which means anyone who is interested can go into it without fear and treble.
You are not investing  for him but you are only telling how to invest so if he is interested to let do that after the class. By you saying you are uncomfortable, you were not willing to teach him. You have to be in the comfortable zone to teach the step so that the awareness will go far and it will not stagnated in one place. If you are facing the risk and conquer it then any other interested person can also do that.

[taufik123]

There's nothing wrong on sharing up the idea and things you've been doing, the only wrong thing is on the time that you would really be making out some guarantees into someone that they could make money out of
-snip-

If you give guarantees to others that the advice will provide benefits, it is not right.
Because giving financial or investment advice to others will not be fully guaranteed.
If there is a mistake or not appropriate, then the advisor will be guilty in this case, yes but it is also at their own risk.

-snip-
Let him learn his trades and experiences until he's the one to open up to you that he's going to continue or he's already given up. Don't make yourself accountable for that as you've just shared and never encouraged and convinced him to trade. Whatever the result will be, it's his fault.

Learning trading with his own experience will be better, it will make him more independent and know what to do.
Be sure to warn about the risks of trading that will occur so that no one is blamed when getting losses.