Would you advise a friend in the same way?

[OgNasty]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

Well, the former CEO of MicroStrategy is selling shares as fast as he possibly can daily, so that should tell you something about whether or not you should invest or not in it...  He is using the funds to buy BTC, so if you were going to advise your friend of something, buying BTC would be the move.  However, after the recent gains even that is a massive risk to take with a traditional business.  Right now he/she could get close to 5% interest on any money sitting around.  That's a pretty damn good return with no risk.  That's what I'd advise them to do...  Maybe use the interest received to start building a Bitcoin position.

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[Youngkhngdiddy]

It's not wise to follow the moves of big companies such as MicroStrategy because they have teams to manage every aspect of the company including the finances and how their investments should be done and they have advisors and everything who do analysis and research and then come up with finalized decisions whether they should invest in a certain thing or not, it's not as simple as one might think it is.

So as you said, I wouldn't recommend a small company investing in something just because they have seen a bigger company doing it and gaining success through it. The owner of the MicroStrategy company, Michael Saylor, is a big businessman and he knows what he is doing with his company's funds unlike the friend of OP who has no idea what he should do with the money kept in the bank.

 You made a valid point there mate, you can’t just jump on the trend just because everyone is doing it. MicroStrategy would have done their research very closely before they are heavily invested in bitcoin. The need to know that they are risk associated to investing in Bitcoin because anyone who has no idea about the knowledge of Bitcoin may suffer emotional setback and if cannot be managed properly might lead to lost of life. For someone who is  investing that such amount, he needs to even have a team who are well informed about the crypto world and have good knowledge about the stock market, we don’t know how the structure of the MicroStrategy company is because we are not there, so if you feel it is to just to jump into investing in bitcoin without knowing the in and out of the ecosystem then it’s a wrong choice of investment.
  However, I want to commend and give my respect to the OP at least for given is friend the  enlightenment about  bitcoin so it is left for his friend to do his research before investing. So as not to put the blame on his friend when the market goes against him. We all have some task to do on our part, we need to help spread the message of Bitcoin and crypto space to the world. That way we are bringing enlightenment to those with little knowledge and helping to spread the gospel of Bitcoin and crypto to the world.

[Obari]

You have a perfect advice but the challenge is, those he know about bitcoin and the cryptocurrency at large?
I think you should have told him to go learn about the industry and what he intends investing in, as this isn’t only safe for him, but also for you because at the long run, you wouldn’t be held responsible for any shortcomings if there be anyone.
Investing in bitcoin is a great option especially if one has the huge capacity in terms of cash to invest and let’s imagine someone has the capacity to own 10 bitcoins as at the price of $30k which means by now, the person should have been able to gain profit more than the invested amount. That’s crypto for you.

[Belarge]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

Everyone have a purpose to make it in life. Growing a company is not today's task and it will take hardwork and applied structural development of solid techniques for the purpose of growth and the last, a company ought to face hurdles coming their way and when this time comes, it's believed the firm is able to withstand such standing pressure. Investment should be made on our terms. You did the right thing but measuring a standard company with the ones that's just growing up does make a difference.

[kotajikikox]

You have a perfect advice but the challenge is, those he know about bitcoin and the cryptocurrency at large?
I think you should have told him to go learn about the industry and what he intends investing in, as this isn’t only safe for him, but also for you because at the long run, you wouldn’t be held responsible for any shortcomings if there be anyone.

If his friend just dives into investing without prior knowledge and research then maybe he isn’t fit to run a business.
All companies also invest in other companies but they do that without careful planning and studying. If he is running a company, for sure he has other employees that he could talk to about before making such a big decision.

I think as a friend you just offered a suggestion it is entirely up to him if he’d follow it or not.

[BALIK]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

You can't ask a business to invest all its capital in bitcoins because there's a whole lot of risk involved. When all the capital of a business is invested in Bitcoin, if for some reason the Bitcoin investment is lost or hacked, then all the investment will be wiped out, in which case the investor will likely go bankrupt. So business profit you can suggest to invest in bitcoin otherwise I will not support to invest in bitcoin with all the capital. I consider your suggestion to be entirely unreasonable at present, and I assume it to be in a danger zone.

I wouldn't hesitate to say that OP's suggestion to his friend to take the company budget and invest in a volatile asset like bitcoin is actually bad advice. Most people are blinded by just looking at the profits that bitcoin brings without realizing that bitcoin also has unpredictable risks. No investment can bring high profits but is safe and bitcoin is no exception.

I'm a bitcoin investor, but if given a choice between running a business with steady revenue and investing in bitcoin, I'd choose to run a business. Bitcoin is just the hope of many people who have small capital in hand and wish to become rich or make miracles out of it. As for those who already have a large amount of capital or are running a business with a stable income, they need to have a suitable investment plan and should not focus entirely on bitcoin, a volatil asset and risk.

I agree, that advice doesn’t sound good. Putting company money into Bitcoin or anything that can go up and down a lot is really risky. Bitcoin can make a lot of money, but you can also lose a lot quickly. Its better to keep running a business that makes money regularly than to bet it all on Bitcoin. For businesses with a steady income, its important to be careful and not just focus on risky things like Bitcoin.

What's even funnier is that OP compares a subsidiary to a large company like MicroStrategy, it seems like OP not only has never run a company but has also never taken the time to learn how it works for a company. Yes, MicroStrategy or Tesla are both investing in bitcoin but let's see how much of their capital is invested in bitcoin? The amount of capital they invested in btc is nothing compared to the entire capitalization of their company and if the bitcoin investment loses, it will not affect the company too much. We must give appropriate advice according to each person's circumstances, don't give advice without thinking that it could easily harm others.

[DabsPoorVersion]

It will be a bigger mess if the company has multiple stakeholders or partners and the money kept in the bank is a combined sum of all those partners. So if the guy managing the company invests that money in Bitcoin or cryptocurrencies, and if he can't time the trades well and incurs losses, that would mess everything up and the company can even go bankrupt or even shut down in a worst-case scenario.

A person needs to evaluate all the outcomes and possibilities before making such a decision, especially if they know that the money they are going to use for the investment isn't all theirs and they are going to be responsible for anything that happens to the funds in case there are losses.

Well, this guy who took over can't even move the money easily because it will surely notify the one who manages the funds of the company. That will be a mess, yes, but that might also be another reason they can get to the point where they need to face legal action for doing this.
Spending or using the money of the company will result in violating the contract they have. The money stored in the bank is simply not all owned by this guy if this is a company's money.

[DeathAngel]

I would tell him to invest in Bitcoin, there isn’t any need for the Microstrategy Bitcoin proxy. Just buy spot Bitcoin & hold, it will perform better over medium to long term than any fund like S&P500. I think we will see more & more businesses buying Bitcoin now but it'll probably be through Spot ETFs as companies will feel more confident doing that than buying & self custody themselves.

[2Pizza410000BTC]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

Bitcoin investing is risky and you should always accept it and move forward with it. I think it makes a lot of sense, and I also think it's irrational, to invest Bitcoin in companies where it's best to invest only the amount a person can afford to lose. Even then, if you can take the risk and go ahead with Bitcoin investment, the chances of success are very high, I say right now, or if you buy and hold in 2022 when the price of Bitcoin is between $15k to $17k, then Hughes would be in the right amount of success now. Now is the perfect time to invest in Bitcoin as our next bull market is just around the corner. If the bull run starts in the market Bitcoin will go higher which may be all time high but investing right now will also pay off.

[Obari]

You have a perfect advice but the challenge is, those he know about bitcoin and the cryptocurrency at large?
I think you should have told him to go learn about the industry and what he intends investing in, as this isn’t only safe for him, but also for you because at the long run, you wouldn’t be held responsible for any shortcomings if there be anyone.

If his friend just dives into investing without prior knowledge and research then maybe he isn’t fit to run a business.
All companies also invest in other companies but they do that without careful planning and studying. If he is running a company, for sure he has other employees that he could talk to about before making such a big decision.

I think as a friend you just offered a suggestion it is entirely up to him if he’d follow it or not.

I get your points mate and I also agree with you that as a friend, if you offer an advice or a suggestion, it is left for your friend to accept it or not but from the context of what the op wrote, it seems his friend just inherited the company and the wealth and diving into a project or an investment without a prior knowledge wouldn’t be a surprising thing as there might be a great influence by the adviser over his friend and you never can tell what next action he might take base on the suggestions given to him in quest to increase the company’s wealth.

[Wiwo]

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Investing in Bitcoin can potentially bring high returns, but it also carries significant risk due to its volatility. Your friend should carefully assess whether it aligns with his company's goals and risk tolerance. Diversification and understanding regulatory risks are important considerations. Consulting with financial advisors is advisable before making any investment decisions.

Aside from the risk of losing at instant anf having to wait a long term to witness the significant profits from bitcoin,  it still remains the best ifor of investment and at the same time savings for anyone looking foe long terms, but in this case the ops did not mentioned if the money was saved for the day to day running of the company,  or a cash flow that is like in excess profits.

But whichever ways,it depends on the friend investment mentality and his knowledge about Bitcoin as an alternative to fiat investment and also the advantages of bitcoin being an assets.

[MarjorieZimmermanGinger]

I get your points mate and I also agree with you that as a friend, if you offer an advice or a suggestion, it is left for your friend to accept it or not but from the context of what the op wrote, it seems his friend just inherited the company and the wealth and diving into a project or an investment without a prior knowledge wouldn’t be a surprising thing as there might be a great influence by the adviser over his friend and you never can tell what next action he might take base on the suggestions given to him in quest to increase the company’s wealth.

Our job is to give them advice so they don't make mistakes when investing, but all decisions are in their hands and the way they think about how to proceed with this advice is more relevant to their way of thinking. The context that OP is talking about is regarding switching companies and that is not an easy matter for him to do because if he makes the wrong decision his father's company could go bankrupt and giving investment advice is not a way if he doesn't understand.

If I to understand the meaning of the post then I would suggest that he consult with someone who better understands how to run a company. Because our advice may not necessarily provide good decisions for him because running a company is difficult and not the same as making an investment, so it will affect whether his company runs or not if we give the wrong input.

[serjent05]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

You could have suggested your friend to study the Bitcoin market but not directly told him to invest in it.  This way, your friend cannot blame you if ever his Bitcoin investment goes southward since we all know that Bitcoin cycle often goes up and down.

I believe your friend should realize how good Bitcoin investment is according to his own research (though you can give resources about Bitcoin market information for him to easily gather the information needed).

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

As a Bitcoin believer I don't think your advice is wrong but to be on the safer side and avoid the blame, you could have suggested your friend to study the Bitcoin market and not directly tell him to invest his father's company fund into Bitcoin.

Our job is to give them advice so they don't make mistakes when investing, but all decisions are in their hands and the way they think about how to proceed with this advice is more relevant to their way of thinking. The context that OP is talking about is regarding switching companies and that is not an easy matter for him to do because if he makes the wrong decision his father's company could go bankrupt and giving investment advice is not a way if he doesn't understand.

No, I think it is not our job to advise people since we don't run a company that deals with such a matter.  We can only give suggestions because there might be instances that we might fell short of knowledge and things won't go as we advised so it is much better to be on the safer side and take on a lighter position by suggesting not advising people on what to do.

[BD Technical]

If I were you, I wouldn't understand the same way because I don't know how likely he is to get what you suggested.  But if I were him, I would definitely let him learn these things or study these things. What is the currency in Edit Coin Keep?  After explaining them, he could have been made active or his investment or his interest was aroused because he does not understand everything made of bitcoin or crypto currency or he did not invest these suddenly.  In that case, if he wants to invest these things, his general idea is that I should be in check and he will not be stressed because if he has these ideas then it will create stress on me and he will invest without understanding.  So he should be inboxed to do these things and study these things and do these things like me.

[mich]

Well I think we have to be very careful if we give our friends and family crypto investing advice. Investing in crypto is not like you are investing in anything else.
It is so volatile and it might not be best investment for first time investing. I do not like to give my friends investing advice.
My family member got mad at me when his Bitcoin was down and did panic sell. And now he tells me about this when I see him.

[Questat]

Well I think we have to be very careful if we give our friends and family crypto investing advice. Investing in crypto is not like you are investing in anything else.
It is so volatile and it might not be best investment for first time investing. I do not like to give my friends investing advice.
My family member got mad at me when his Bitcoin was down and did panic sell. And now he tells me about this when I see him.

Teaching them about Bitcoin is good enough but in the way of encouraging them to invest, that is another story. Yes, this is too risky, especially for beginners but they won't grow old and could not understand how this kind of investment works if we all make them not to try. Perhaps, there is no wrong about trying at least, they couldn't say that investing in crypto is too easy or even say it is a Ponzi scheme or scam. In fact, they have the choice of whether to try or ignore it.
It's up to them if they will take a risk at least we open their minds to some investment opportunities that can possibly change their life.

[Zoomic]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

Investing in Bitcoin is not a bad idea but before you advice anyone to invest in any high risk investment, be sure that they are emotionally ready and matured to handle whatever becomes the outcome of such investment.  Many people are like children at heart, the wonderful testimonies and stories you tell them about Bitcoin might excite them so much that they agree to invest without hesitation but when things don't go as they were told, they will cry and put all the blames on the person who introduced them to such investment.

You can save yourself the stress of being called out for the wrong reasons if peradventure his Bitcoin investment doesn't yield the returns he anticipated. Tell him about Bitcoin but do not fail to let him know the risks involved. Never you impose any investment idea on anyone, the decision to invest should be solely his after weighing the benefits and risks involved.

[Nothingtodo]

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

Bitcoin is a risky investment, so I never recommend or advise anyone on this risky investment. If the person I advise invests in bitcoins and invests as I say, and the investment later suffers a loss, they can blame me for the loss. So I personally don't want to give honest advice on investing in Bitcoin. I don't think it is necessary to advise anyone who invests based on what he understands or knows.

[bettercrypto]

Well I think we have to be very careful if we give our friends and family crypto investing advice. Investing in crypto is not like you are investing in anything else.
It is so volatile and it might not be best investment for first time investing. I do not like to give my friends investing advice.
My family member got mad at me when his Bitcoin was down and did panic sell. And now he tells me about this when I see him.

That's why it's really important to explain the volatility of bitcoin correctly so that they can immediately see its risk, and at least in this case you can immediately see if they will invest or not.
But if they see the brighter side of Bitcoin, it is possible that they will invest in the end even if we say that the risk that it has is high.

We also know that Bitcoin is only one of the high risk assets, but even so there are still institutional investors who buy, the question is why?

[Ryu_Ar1]

Well I think we have to be very careful if we give our friends and family crypto investing advice. Investing in crypto is not like you are investing in anything else.
It is so volatile and it might not be best investment for first time investing. I do not like to give my friends investing advice.
My family member got mad at me when his Bitcoin was down and did panic sell. And now he tells me about this when I see him.

That's why it's really important to explain the volatility of bitcoin correctly so that they can immediately see its risk, and at least in this case you can immediately see if they will invest or not.
But if they see the brighter side of Bitcoin, it is possible that they will invest in the end even if we say that the risk that it has is high.

We also know that Bitcoin is only one of the high risk assets, but even so there are still institutional investors who buy, the question is why?

Still, it is risky if they are new people who are in the business world because they only inherited the company that was previously managed by their parents and changed the initial flow by switching directly to Crypto, of course it is a choice that can be wrong especially we don't know what the financial condition is like.

The situation that occurs is that we have to target that the financial scheme for the company must be a little difficult if we immediately force it to switch to bitcoin, especially if we only look at the microstrategy as a benchmark because after all it is too far away because the fact is that deciding it is not only us who take a role because of the fact that we also have to see other opinions that do exist in the company so it is impossible for us to decide unilaterally about big decisions like this because of course we realize that this decision determines the company's future so that we are aware that this decision is not only for the company but also for the company. determine the company in the future so we must consider further whether moving company funds to bitcoin in order to follow the microstrategy is a good condition or will actually create a polemic with other shareholders because in the end the results of all decisions certainly have consequences so don't just see that bitcoin can be profitable about the future but whether our company will survive or not if it uses the same options as the microstrategy later.