Would you advise a friend in the same way?

[reagansimms]

If the money is not used for other needs such as mobilization costs and other needs required for the company, he can invest the money in Bitcoin. As we know, Bitcoin is growing and the price will continue to increase, after the Halving it is predicted that there will be a big spike in the Bitcoin market. It's not wrong if you advise your friend to invest the money in Bitcoin, but it must be underlined, he needs to use a wallet that can be controlled by a private key to store these assets. He can also introduce Bitcoin to all employees who work in his company by implementing salary payments in Bitcoin.

However, before going too far, you must first give him an understanding that Bitcoin is not always profitable, the Bitcoin market which continues to fluctuate can cause the value of the asset to decrease when the Bitcoin price is traded below the price he invested. This literacy really needs to be done so that he doesn't blame you when the value of his assets continues to decrease.

[Reatim]

If the money is not used for other needs such as mobilization costs and other needs required for the company, he can invest the money in Bitcoin.

I agree because it is extremely risky if he use the company funds that are needed in operation and other aspects of running the company t invest in. Even if it is in good intention,if he loses money then his company will halt its operation and other developmental aspects that should have been made with the money.

[uswa56]

you have just bring yourself into a negative approach here because imagine you directly told him to invest or
use bitcoin when the best thing to deal here is tell him to study and understand bitcoin and let him decide what
to do next , the money sitting in the bank is like funds that going nowhere but for bank owners favor.

your friends is  good and smart enough to understand bitcoin specially if you will tell him your success here ,
but that will be the start of the journey.

Suggesting other people to continue investing without understanding Bitcoin of course this will be very risky and it is true that what you say will get us into trouble because maybe when they try it and fail on the first try of course they will blame the person who of course suggested investing. This will create a bad relationship with your friend. If you want to advise other people, I think you should explain in detail about investing, both about the good achievements and the losses you experienced while investing, so that when they decide to try it, they definitely do it with caution.

[Gladitorcomeback]

I agree because it is extremely risky if he use the company funds that are needed in operation and other aspects of running the company t invest in. Even if it is in good intention,if he loses money then his company will halt its operation and other developmental aspects that should have been made with the money.

You are right, but even if the money isn't intended to be used soon for company operations, it is still not advisable to give such suggestions because it is his company and he should decide what is good and what is bad for it so that the good or bad consequences aren't put on someone else.

If he invests the money after the suggestion from his friend and can't manage the investment in a good way and loses it or even a portion of it, the friend is going to be blamed for the loss which isn't what one would want to get after giving a genuine and selfless suggestion.

This is why I would never do such a thing, even if it's a very close friend, I would only tell him to try and find some ways to improve the company or increase the funds but wouldn't suggest something specific.

[uneng]

If the money is not used for other needs such as mobilization costs and other needs required for the company, he can invest the money in Bitcoin.

I agree with you. If that money is idle at the bank (losing purchasing power to the inflation) without any purposes of being used soon, why not invest in Bitcoin, then? That sounds a logical idea for me.

However, before going too far, you must first give him an understanding that Bitcoin is not always profitable, the Bitcoin market which continues to fluctuate can cause the value of the asset to decrease when the Bitcoin price is traded below the price he invested. This literacy really needs to be done so that he doesn't blame you when the value of his assets continues to decrease.

Yes, he needs to explain his friend the basic concepts of Bitcoin, and what he should expect from this investment on short and long term. From that moment on, his friend can also start searching for informations and knowledge by himself, as there is a lot of content on the internet regards Bitcoin nowadays. He just have to make sure to absorb content from legit sources of informations.

Many Bitcoin adopters are fearful of introducing other people to crypto universe, but I guess to show them the tools, so they can do that by themselves isn't an issue at all...

[Hopila]

Your advice is not entirely wrong, but it's incomplete and potentially risky. Here's why: Investing in Bitcoin is a high-risk, high-reward strategy MicroStrategy's success with Bitcoin is notable, but it's essential to remember that Bitcoin's value can fluctuate rapidly. You could as well Encourage your friend to explore different options and seek professional advice before making investment decisions.

[eightdots]

Introducing Bitcoin is good but not to the point that we have to urge people to do that. We let them decide rather than take the blame for ever they lose. It is wrong to take responsibility for others, we are making them reliant and weak. Instead of pushing OP to his friend to invest in crypto, it is better to take time to think first because it is difficult for someone to engage in risky investments with an empty mind, it only worsens the situation and even compromises their friendships.

Introducing someone to Bitcoin is of course very good because Bitcoin has experienced very good development since you appeared, but we have to be able to explain it in detail so that they don't misunderstand Bitcoin and if they have the desire to try investing, of course. we have to be able to guide them until they really succeed, but if they don't want to try of course we shouldn't force them because this will be very risky when they fail to invest of course they will blame it. we are the ones forcing them to invest and this will make our relationship bad because they fail in trying what we force them to do and it will be better after we explain it well to them, we have to ask them first if they want to try it like it or not and if they don't want it so we shouldn't force it.

We should not force anyone to invest. There is a possibility that the investment will result positively or negatively, so investing always involves risk. No one should try to manage money that does not belong to them. Providing information about the investment and mentioning all the risks is the best course of action.

Each investor must make his own investment decision and take all risks himself. Many friendships break down because of this, and it can be difficult to know how people behave when it comes to money.

[Ojinga]

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.

it's not a bad advice but this is about money and not everyone believes that Bitcoin is legit, if your friend believes you and you can help him out and lecture him how it works. Then what he have to do is for him to divide the money and  start investing you can't let him start with all the money at once, we all know that investing with Bitcoin it's a life changing so introducing it to him it's aslo a help to his life no matter how Bitcoin goes down and up. It's a help to him.

[rodskee]

you have just bring yourself into a negative approach here because imagine you directly told him to invest or
use bitcoin when the best thing to deal here is tell him to study and understand bitcoin and let him decide what
to do next , the money sitting in the bank is like funds that going nowhere but for bank owners favor.

your friends is  good and smart enough to understand bitcoin specially if you will tell him your success here ,
but that will be the start of the journey.

Suggesting other people to continue investing without understanding Bitcoin of course this will be very risky and it is true that what you say will get us into trouble because maybe when they try it and fail on the first try of course they will blame the person who of course suggested investing. This will create a bad relationship with your friend. If you want to advise other people, I think you should explain in detail about investing, both about the good achievements and the losses you experienced while investing, so that when they decide to try it, they definitely do it with caution.

exactly my point because that is hard to realized when you are being  blamed mate because  i have experienced
this from the past and believe me this is no good at all because why need to push people to invest when we have
our own investments to  face?
its enough to tell them what is bitcoin and give them this forum and other links for them to learn but never give
them a direct advise to use the money for bitcoin because people have their own way to  use their money not unless
they are asking us a great advise and they will show interest .