Am i bad to this friend if i refuse to loan him some money in bad economy

[HajiBagi]

It's not an emergency needs right? you can help some portion of the amount he asked, let's say he ask $50, now it depends on how much you can afford to lose your money, if 10% won't hurt you, you can lend him $5. Just offer him, I only can help for $5, take or leave it.

So in case your friends can't pay off the debts, you don't need to worry because you already know his character.

You're right, I believe it will be a good idea to lend a friend a percentage of your money. Remember, a friend is a friend, and no matter how wealthy or successful you are today, without friends, you are nothing. If your friend truly needs the money and you can see that he doesn't have any other options, you should lend him some. However, friends should not be trusted, and if they do lend money, it will be difficult for them to repay since they will use their friendship as a justification for not repaying the debt. It is preferable to help a friend because there is no gain in not helping him. However, while you are doing so, keep in mind how much you can afford to lose so that you won't be hurt if he doesn't repay you.

[NurseHub]

It's a good idea to invest in bitcoins before buying clothes, but you should also remember to get stuff that makes you look good. Investing is good, and I also believe in not putting all my eggs in one basket. You can do different things that give you more in return. 
 
About you helping your friend who used his money for Christmas clothes and shoes; it's not bad to get that stuff too. But if you have the money, I will advise you to help him out. But give what you can easily let go of. 
It's not okay to judge people because we all have different priorities. 
Always feel happy to know you're helping people, and the rewards will come back for you. You can also advise them on how to make more money without lavishing it on things.

[Hamza2424]

<snip>

ahh, I can not say anything so sure because I don't know on what basis your friend needs a loan from you I mean where your friend wants to spend the money that he wants from you in the form of a loan but I know that saying no is very difficult but sometimes we have to say "no" because it is necessary. i am not saying that you should say yes or no i am sharing my point of view out of the situation because i feel this may be best for me well get back to the point, i know how much holding matters to the Bitcoin lover i am also holding i know that if you withdraw your some amount at the current time it can disturb your whole portfolio and profit.

Well, buddy if you feel that you should help him and you have some amount available in the fiat money you can also help him because helping others is the name of life you will also feel good after helping your friend. Now, it is totally up to you because you know your friend better than me i can just give a suggestion taking action on it or not is your responsibility. I hope you understand what i am trying to say.

[nelson4lov]

It's a good idea to invest in bitcoins before buying clothes, but you should also remember to get stuff that makes you look good. Investing is good, and I also believe in not putting all my eggs in one basket. You can do different things that give you more in return. 
 
About you helping your friend who used his money for Christmas clothes and shoes; it's not bad to get that stuff too. But if you have the money, I will advise you to help him out. But give what you can easily let go of. 
It's not okay to judge people because we all have different priorities. 
Always feel happy to know you're helping people, and the rewards will come back for you. You can also advise them on how to make more money without lavishing it on things.

Your post was so good that I had to merit it. Like you, I am also of the opinion that helping people especially when we are in a position to do so is a good thing. It would only be bad when you don't have enough for yourself but decide to be too selfless and give all out. And yes, everyone is entitled to their own decisions, especially the decisions of OP's friends to get clothes rather than invest. Since only they know why, I can't judge them.

~snipped

At all times, I recommend giving to others but only on the condition that you're in the position to do so. Because you can't give what you don't have. If you have but it must be left untouched then you have no other option than to deny your friend's request. True friendship won't be determined by the amount of money or loans you can give out to your friends anyway. Also, I don't think selling off your investment to give out a loan to your friend is a wise decision. Even with family, there is a limit as well.

This is just my 2 cents. After hearing people's opinions, you should give it some thoughts, decide and stand by your decision. 

[SmartCharpa]

It's not an emergency needs right? you can help some portion of the amount he asked, let's say he ask $50, now it depends on how much you can afford to lose your money, if 10% won't hurt you, you can lend him $5. Just offer him, I only can help for $5, take or leave it.

So in case your friends can't pay off the debts, you don't need to worry because you already know his character.

You're absolutely correct. The fact that he won't lend them money may even lead some friends to see him badly. I think his friend came to him as a good friend to helped him with his financial problem because he knew he had it. Though not everyone deserves to borrow the exact amount they ask for, we should always lend our friends as much money as we can afford to lose. Some friends may beg for money from you out of sympathy, but as soon as the money is in their hand, to pay back is the problem. For some people, it's already deep in their blood that they will have trouble repaying loans they take out. If any of my friend who have the same mindset ask me for a loan like $10, i can even divide it into three since that's the amount I can afford to lose. If you give them money all the time, they'll find a way to take advantage of you.

[odunybiz]

With the present economic situation, everyone is faced with his/her own life challenges. Since this isn't a life threatening thing, they can't expect you you to sell your asset for them. What of if you have behaved like them? If you have extra money outside your Bitcoin investment, you can give it out. And if you don't have, then i don't see you as a bad friend for holding to your future.

[Loveday422]

To me ,as you said a friend,if you have the money at this present economy challenges and you have the money to loan out and you didn't give him ,yes of course you are wicked, because you have it ,but if you don't have it ,that's a very different view,loan you friend money if you have because you are their as a Friend to help him in terms of their need ,be a a good man to you Friends,let him know you,let your yes be yes ,so that your friends can give accountability of you  even in your absent

[Belarge]

With the present economic situation, everyone is faced with his/her own life challenges. Since this isn't a life threatening thing, they can't expect you you to sell your asset for them. What of if you have behaved like them? If you have extra money outside your Bitcoin investment, you can give it out. And if you don't have, then i don't see you as a bad friend for holding to your future.

Bitcoin investment are for the top firms and whales in the market. The future can only be bright for those that have taken the bold steps to make things worked for them and not against them. The early times we starts to understand the system, it means we're all ready to adapt to the crucial part of the market, enabling key buttons to generates our expected results. I'm done helping anyone in need because the economic is down and it takes only those category of citizens that have made savings to be able to restrain good order.

[Outhue]

Whatever happens, always think for yourself first, its not been greedy, the world is so unfair right now and people don't really care about you, even if they ate your friends.

Watch out for people whose only purpose of being in your life is to use you, they don't really care about what's going on in your own life but they want you to be a problem solver for them.

After my father died, his death have revealed so many fake people in his life, whom he thought were good friends and even in the family, it hurt to even think about it and I've made up my mind to never fall into the same category.

[Solosanz]

However, friends should not be trusted, and if they do lend money, it will be difficult for them to repay since they will use their friendship as a justification for not repaying the debt. It is preferable to help a friend because there is no gain in not helping him. However, while you are doing so, keep in mind how much you can afford to lose so that you won't be hurt if he doesn't repay you.

Some friends may beg for money from you out of sympathy, but as soon as the money is in their hand, to pay back is the problem. For some people, it's already deep in their blood that they will have trouble repaying loans they take out. If any of my friend who have the same mindset ask me for a loan like $10, i can even divide it into three since that's the amount I can afford to lose. If you give them money all the time, they'll find a way to take advantage of you.

If you're kind, people will take advantages over your kindess.
If you're stingy, no one want to be friend with you.

It's why we need to be in the middle of kind and stingy.

Don't believe in quotes "if you're kind, they will be kind to you" it's really bullshit I've experienced otherwise for many times.

Always think about ourselves first, even you can only afford to loss $1, it's not a problem, just tell him that you can only lend him for up to $1.

[Distinctin]

It's a good idea to invest in bitcoins before buying clothes, but you should also remember to get stuff that makes you look good. Investing is good, and I also believe in not putting all my eggs in one basket. You can do different things that give you more in return.
 
About you helping your friend who used his money for Christmas clothes and shoes; it's not bad to get that stuff too. But if you have the money, I will advise you to help him out. But give what you can easily let go of.
It's not okay to judge people because we all have different priorities.
Always feel happy to know you're helping people, and the rewards will come back for you. You can also advise them on how to make more money without lavishing it on things.

While investing can be a great step towards financial freedom, one should also invest without compromising other needs in life, and I think buying some stuffs is not that bad at all as long as you only spend within your means, and you have reserved already for your emergency funds or for future investment.

Now talking about your friend, regardless where he spend his Christmas bonus, that’s already beyond your control.  But the fact that he’s in need right now and you have some extra funds to spare, then I guess giving him a small amount will make him feel good already. Just help when you think you can, no if’s and but’s, the important thing is you were there when he’s in a bad financial situation.

[Shamm]

We have different perspective in our life and we are all know that through investment we can make a big profit someday then we can buy what we want to buy. Anyways in real life we can not say that we need to hold our coins forever and like what you've experienced is that your friend asking for a loan from you. Then. If I where you is I will make an agreement for that and also we must remember that we use our investment so we need to have profit on this so let ask our friend is he gonna use our money with an Interest so that our money will grow.

[|MINER|]

Very good initiative.  I applaud your decision.  And I wonder how good it would be if everyone thought like you.  Such thoughts are not common among everyone.  The decision to invest in Bitcoin is a very good decision without spending money unnecessarily.  Hopefully your money will not fail and if you invest in Bitcoin, it will come back to you more in the future.  Everyone should think like you but everyone's future will be secured and everyone will be more profitable during bull run.  There is nothing better than making yourself happy by gifting yourself bitcoins on every occasion.

[lalabotax]

Now I am profiting from my Bitcoin investments then and one of my colleagues is now in dear need of financial help, he needs some help, not life-threatening but money, and now I am not ready to loan him any money as long as it affects my overall Bitcoin holdings.

Not to generalize everyone, but, if I were you, I wouldn't lend money either. Moreover, the reason is not because it is something that is very urgent and urgent and life-threatening. I don't mean it in a bad way and it doesn't help. However, I certainly have many considerations as to why I acted that way. based on experience that has often happened, no matter how good we are to them, and how often we lend them money, etc., it is actually not really appreciated. In other words, often the borrower is more aggressive and offensive compared to the borrower. We often feel reluctant to collect the money. Or it often annoys us that they are showing off some of the things they bought or going on vacation, but they haven't paid their debt. ha ha ha
that happens all the time. That's why, based on experience, I won't do it again. Debts and receivables with friends can result in the breakdown of our relationships and further loss of contact.

[Volimack]

I think you made the right decision when you put in your bitcoin holdings. If you keep something for the future it is better not to touch it. If your friend has financial problems you can help him from other sources of income. As the bull run is going on in the market you can get several times more profit than the current situation. Selling your future assets will never be the right decision and you will face more losses.

[Uhwuchukwu53]

 Op the worst any human can do is to displeased itself all in the name of pleasing a friend, I am not saying helping your friend is bad but as much the friend problem is not life threaten selling your Bitcoin to please friend on his pleasure is digging your own grave, you better see someone who want you sell your assets as enemies of progress or success because holding your BTC is your future hope of coming out of financial bondage or slavery.

You have taken the right step by considering your future through investment in BTC one thing you should know is that in every breakthrough trail will come to deprived you if the true success and the trial will not be a far distance one  is better to hold your decision than regret tomorrow.

Remember it's a friend that can course you pain, it better to cut off the friend in peace by applying wisdom than end up cursing you sorrow by selling your future just to borrow him,most time to return back the more may not be as be proposed because the mouth used in borrowing money differs when paying back.