My friend's investment in Bitcoin

[Xampeuu]

One of my close friends his name is Naher. He came to visit my house. Once while discussing with him, I mentioned the name of bitcoin. He wanted to know what bitcoin is? I was telling him that bitcoin is a digital cryptocurrency coin launched in 2009 by a man named satoshi. I tell him Bitcoin has been around for 14 years. I give him more idea about Bitcoin. At one point he expressed his interest in investing in bitcoin, I told him that there is a possibility of not only profit but also loss from investment.To invest you have to take risk. My friend invests in bitcoin knowing profit loss. He works for a salary of about $400 per month. He invested about $500 in Bitcoins. I didn't show my friend interest in investing in bitcoin. He himself knowingly invested in bitcoin.  
Did I give my friend the right advice?

You have given him the right advice he needs to hear. Maybe it’s already his own decision to invest with quite a bigger amount knowing he earns only $400 a month. I just hope he is aware that he can lose all his capital if he makes a single wrong move in his investment. However, for sure he will also learn something if he will lose his money in this investment. After all, losing is inevitable, we just have to be more open minded about it not just for bitcoin investment but even in other investments existing in the market.

if he has studied about bitcoin and decided to invest, then it is not our fault if something bad happens. Of course, as long as he studies it, he already knows the consequences that will be borne if something bad happens. but actually there is no big risk when investing in bitcoin, only those who panic who experience losses. as long as investing can be psychologically controlled, I think the money will be safe even waiting for the bearish season to finish, and unfortunately no one knows how long it will end

[1715349132]

1715349132

[1715349132]

1715349132

[BALIK]

One of my close friends his name is Naher. He came to visit my house. Once while discussing with him, I mentioned the name of bitcoin. He wanted to know what bitcoin is? I was telling him that bitcoin is a digital cryptocurrency coin launched in 2009 by a man named satoshi. I tell him Bitcoin has been around for 14 years. I give him more idea about Bitcoin. At one point he expressed his interest in investing in bitcoin, I told him that there is a possibility of not only profit but also loss from investment.To invest you have to take risk. My friend invests in bitcoin knowing profit loss. He works for a salary of about $400 per month. He invested about $500 in Bitcoins. I didn't show my friend interest in investing in bitcoin. He himself knowingly invested in bitcoin.  
Did I give my friend the right advice?

You have given him the right advice he needs to hear. Maybe it’s already his own decision to invest with quite a bigger amount knowing he earns only $400 a month. I just hope he is aware that he can lose all his capital if he makes a single wrong move in his investment. However, for sure he will also learn something if he will lose his money in this investment. After all, losing is inevitable, we just have to be more open minded about it not just for bitcoin investment but even in other investments existing in the market.

if he has studied about bitcoin and decided to invest, then it is not our fault if something bad happens. Of course, as long as he studies it, he already knows the consequences that will be borne if something bad happens. but actually there is no big risk when investing in bitcoin, only those who panic who experience losses. as long as investing can be psychologically controlled, I think the money will be safe even waiting for the bearish season to finish, and unfortunately no one knows how long it will end

I disagree with saying that there is not too much risk in investing in bitcoin. Except the short-term volatility of bitcoin will most likely cause us to panic, lose patience, and dump, leading to losses. The future of bitcoin is still a question, we don't know if its future will continue to grow or will disappear without a trace one day. It is another risk when investing in bitcoin that we also need to be aware of when investing.
If investing in bitcoin didn't have too much risk and had the opportunity to yield huge returns, I believe we would all have sold houses, sold cars to invest in bitcoin, and everyone would be rich .

[xSkylarx]

One of my close friends his name is Naher. He came to visit my house. Once while discussing with him, I mentioned the name of bitcoin. He wanted to know what bitcoin is? I was telling him that bitcoin is a digital cryptocurrency coin launched in 2009 by a man named satoshi. I tell him Bitcoin has been around for 14 years. I give him more idea about Bitcoin. At one point he expressed his interest in investing in bitcoin, I told him that there is a possibility of not only profit but also loss from investment.To invest you have to take risk. My friend invests in bitcoin knowing profit loss. He works for a salary of about $400 per month. He invested about $500 in Bitcoins. I didn't show my friend interest in investing in bitcoin. He himself knowingly invested in bitcoin.  
Did I give my friend the right advice?

You have given him the right advice he needs to hear. Maybe it’s already his own decision to invest with quite a bigger amount knowing he earns only $400 a month. I just hope he is aware that he can lose all his capital if he makes a single wrong move in his investment. However, for sure he will also learn something if he will lose his money in this investment. After all, losing is inevitable, we just have to be more open minded about it not just for bitcoin investment but even in other investments existing in the market.

if he has studied about bitcoin and decided to invest, then it is not our fault if something bad happens. Of course, as long as he studies it, he already knows the consequences that will be borne if something bad happens. but actually there is no big risk when investing in bitcoin, only those who panic who experience losses. as long as investing can be psychologically controlled, I think the money will be safe even waiting for the bearish season to finish, and unfortunately no one knows how long it will end

We can only call it losses when they panic sell. You have a point that losses only occur when they panic sell or sell their bitcoin as they can't control their emotions. When it comes to risk, if the friend really has knowledge on it, like he does his own research, he will definitely come up with the risk, which will mostly show up on you as the risk of losing your money is big.

[posi]

One of my close friends his name is Naher. He came to visit my house. Once while discussing with him, I mentioned the name of bitcoin. He wanted to know what bitcoin is? I was telling him that bitcoin is a digital cryptocurrency coin launched in 2009 by a man named satoshi. I tell him Bitcoin has been around for 14 years. I give him more idea about Bitcoin. At one point he expressed his interest in investing in bitcoin, I told him that there is a possibility of not only profit but also loss from investment.To invest you have to take risk. My friend invests in bitcoin knowing profit loss. He works for a salary of about $400 per month. He invested about $500 in Bitcoins. I didn't show my friend interest in investing in bitcoin. He himself knowingly invested in bitcoin.  
Did I give my friend the right advice?

You have given him the right advice he needs to hear. Maybe it’s already his own decision to invest with quite a bigger amount knowing he earns only $400 a month. I just hope he is aware that he can lose all his capital if he makes a single wrong move in his investment. However, for sure he will also learn something if he will lose his money in this investment. After all, losing is inevitable, we just have to be more open minded about it not just for bitcoin investment but even in other investments existing in the market.

We don't know if he used his savings or salary to invest, so it can't be said that he is risking more than he is earning. But I like your investment mindset, once invested, there will always be unforeseen risks. Therefore, when investing, we need to be psychologically ready, if there is a loss, we should not be too shocked or disappointed. But be open-minded, accept failure, and find a way to make up for that loss. I believe that people who invest in bitcoin, even those who have been successful, have had a few losses, and that is normal when investing. We need to be open to that.

[RockBell]

Op you really tried for telling your friend about bitcoin but before I understood what you were trying to convey there was not easy for me to understand them. Please read other people threads to learn how they structure and write their words. In this forum your will learn plenty things, and not only bitcoin and other Cryptocurrencies.
Your friend was also serious to learn the blockchain and that was why he learned fast and invest on his own.

It's never easy to actually understand what it takes some time to understand the fundamentals, and learning how the entire Bitcoin ecosystem functions require a lot of patience, gradual understanding, and lots of research. For this reason, many people find it difficult to keep up with Bitcoin, they constantly seek out the easy solution. However, some aspects of Bitcoin are not that simple, but at the same time technical aspects of it. If you start investing and start having emotional breakdowns, you need to be emotionally stable. everyone trying to invest in Bitcoin should know the risk behind it.

[nakamura12]

Did I give my friend the right advice?

I think you did give your friend good advice since you told him about Bitcoin and its risks when you invest in it. It would be better if you told your friend to only invest what he can afford to lose in cryptocurrency. As you have said, his salary is about $400 per month, and what he invested is more than what he earns within a month. Did you also tell your friend to learn more about Bitcoin and to use this forum if he wants to learn more and can also ask questions? In my opinion, I think your friend will find out about BitcoinTalk soon when he does some research, just like the other people who came across this forum when they were searching for something to learn more about Bitcoin.

[Cryptmuster]

I disagree with saying that there is not too much risk in investing in bitcoin. Except the short-term volatility of bitcoin will most likely cause us to panic, lose patience, and dump, leading to losses. The future of bitcoin is still a question, we don't know if its future will continue to grow or will disappear without a trace one day. It is another risk when investing in bitcoin that we also need to be aware of when investing.
If investing in bitcoin didn't have too much risk and had the opportunity to yield huge returns, I believe we would all have sold houses, sold cars to invest in bitcoin, and everyone would be rich .

That's right, no one can guarantee anything when it comes to high-risk investments. And everyone who buys bitcoin understands this, especially in a bear market, the understanding of risks is especially well.  But when a bull market begins, many people forget about this danger and there are always those who are ready to sell real estate in order to buy bitcoin, but do not always have smart to sell on time and then lose everything when they are unable to cope with the price drop.

[Litzki1990]

Op you really tried for telling your friend about bitcoin but before I understood what you were trying to convey there was not easy for me to understand them. Please read other people threads to learn how they structure and write their words. In this forum your will learn plenty things, and not only bitcoin and other Cryptocurrencies.
Your friend was also serious to learn the blockchain and that was why he learned fast and invest on his own.

OP explains that one of her friends visited their house one day and she discussed Bitcoin with her friend. After hearing a discussion about Bitcoin, his friend expressed interest in investing in Bitcoin. He shared all this information with us after his friend invested in Bitcoin after expressing his interest in Bitcoin. OP must be thanked for this reason because through him his friend invested in Bitcoin and I believe his friend will share the idea about Bitcoin that he got from him to some more people. This will increase the number of new investors in Bitcoin.