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 .

[Yeesha]

You do not need to give him this kind of advice. You can advice him about how bitcoin is a good investment and that he can invest in it, but do not take it to the level of involving his parent company. Let him be the one to make that thinking and decision by himself. If bitcoin price start falling after he invested his father company money on it, he will start to blame you, even though the price of bitcoin will later still increase above the price he started investing.

There is nothing wrong in advising someone as long as it is not going to cause any harm to the person. But what Mr. Oshosondy said is absolutely right because if his friend invent in it due to the advice you gave to him and bitcoin started falling he is going to pour all his anger and blame on you, because you are the one that advised him to do so. Betters till you just need to briefly tell him about bitcoin and advice him to study and know more on bitcoin including the advantages and the disadvantages, the profits bitcoin investors make and also the loses it cause them. after knowing all this he will be able to decide for himself whether he should invest in bitcoin with his parents company or not. He will not be able to blame you for his own decisions even if anything goes wrong.

[Strongkored]

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.

I would be very surprised if the person did what was suggested, because as a person who has a company or even if only from a son who has a company, of course he already understands the great risk of every decision to achieve outside of the business being run, using company money be it for operational or just idle money can still place the company in danger if it turns out he does not capture every information given about Bitcoin, so in my opinion suggest investment that is very volatility with examples of big companies such MicroStrategythat have successfully done it is a mistake, because we do not know with certainly the strategy used by the company to be successful with its investment in Bitcoin, is better to say about Bitcoin and also the risks that will be faced not to recommend very deep things that can be misinterpreted.

[Negotiation]

It is good to give advice about Bitcoin but it is completely up to one's self when it comes to investment. Your friend may blame you if the price of bitcoins is not stable but drops after investing that's why if he himself knows well about bitcoin social then he will invest. The value of a cryptocurrency can change constantly and dramatically. An investment that may be worth thousands of dollars today may be worth only a few hundred dollars tomorrow. Knowing the risks of bitcoin can advise you to invest.

[milewilda]

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 .

One of the things that i do hate the most is on that being getting blamed into their investments and this is why i do never ever tend to consider on making up some considerations or advises in regarding investment.
I do have that bitter sweet experience when it comes to this thing on which on the time that their portfolio or investment had come down then you would really be ending up on getting blamed.
On the moment if one of my friends would really be asking about cryptocurrency then i do really direct them into this forum and would be telling that they should have some time on reading up at least.
Making some brief and conscise explaination on what Bitcoin is and regarding about its utility and of course money making opportunities and the rest would really be that up to them.

Dont try to make up some suggestions about investing. Always give out those kind of warnings and cautions about the possible loss of money with crypto investment so that they would really be wary.
We do know that newbies would really be that too impulsive when it comes to money making opportunities. It would really be that something that they cant stop or control themselves
when it comes to investing into cryptocurrency due to lack of knowledge then they are prone to tons of mistakes.

[Tmoonz]

You do not need to give him this kind of advice. You can advice him about how bitcoin is a good investment and that he can invest in it, but do not take it to the level of involving his parent company. Let him be the one to make that thinking and decision by himself. If bitcoin price start falling after he invested his father company money on it, he will start to blame you, even though the price of bitcoin will later still increase above the price he started investing.

I completely agree with you 100 percent, people shouldn't be cajoled in to investing money that doesn't completely belong to them, considering the fact the market can be very unpredictable which could affect not making an informed decisions with personal conviction and decision, though it was just an advice or opinion and shouldn't be a final say for his friend, perhaps Bitcoin investment is not meant to be in form of comparison with other people strategy of investing but rather we should be able to invest as to what will can be comfortable with.

[fuguebtc]

It is good to give advice about Bitcoin but it is completely up to one's self when it comes to investment. Your friend may blame you if the price of bitcoins is not stable but drops after investing that's why if he himself knows well about bitcoin social then he will invest. The value of a cryptocurrency can change constantly and dramatically. An investment that may be worth thousands of dollars today may be worth only a few hundred dollars tomorrow. Knowing the risks of bitcoin can advise you to invest.

If I were OP, I wouldn't be afraid of being blamed and what I'd be more worried about is if he took company money to invest in bitcoin. What if bitcoin is dumped and his company needs money to fund its business operations? That would put his company in jeopardy and worse, bankruptcy.

So in my opinion, don't give him any investment advice but instead suggest him some investments, which may include bitcoin. But make sure he takes the time to learn everything about them first and only invests money that has nothing to do with the company's budget or reserves. Using corporate funds to invest in bitcoin is a bad idea, IMO .

[glendall]

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.

This should be underlined that bitcoin is not always profitable, where btc can also experience a price drop, in this price drop which is often feared by everyone, even though they use their reserve funds or savings, because as we know it takes a long time to wait to achieve an increase if it is winter

[Negotiation]

It is good to give advice about Bitcoin but it is completely up to one's self when it comes to investment. Your friend may blame you if the price of bitcoins is not stable but drops after investing that's why if he himself knows well about bitcoin social then he will invest. The value of a cryptocurrency can change constantly and dramatically. An investment that may be worth thousands of dollars today may be worth only a few hundred dollars tomorrow. Knowing the risks of bitcoin can advise you to invest.

If I were OP, I wouldn't be afraid of being blamed and what I'd be more worried about is if he took company money to invest in bitcoin. What if bitcoin is dumped and his company needs money to fund its business operations? That would put his company in jeopardy and worse, bankruptcy.

So in my opinion, don't give him any investment advice but instead suggest him some investments, which may include bitcoin. But make sure he takes the time to learn everything about them first and only invests money that has nothing to do with the company's budget or reserves. Using corporate funds to invest in bitcoin is a bad idea, IMO .

Investing bitcoin with company money is high risk, rightly so because if bitcoin goes down the company will suffer. But you can tell a friend about bitcoin so he will know about bitcoin but it is not right to force him to invest because the price of bitcoin is not stable. Investing in cryptocurrency can be tempting due to the potential for high returns if you get to know bitcoin well. The market can be quite volatile so it's essential to do your homework and understand the specific cryptocurrency you're interested in.

[Taskford]

It is good to give advice about Bitcoin but it is completely up to one's self when it comes to investment. Your friend may blame you if the price of bitcoins is not stable but drops after investing that's why if he himself knows well about bitcoin social then he will invest. The value of a cryptocurrency can change constantly and dramatically. An investment that may be worth thousands of dollars today may be worth only a few hundred dollars tomorrow. Knowing the risks of bitcoin can advise you to invest.

If I were OP, I wouldn't be afraid of being blamed and what I'd be more worried about is if he took company money to invest in bitcoin. What if bitcoin is dumped and his company needs money to fund its business operations? That would put his company in jeopardy and worse, bankruptcy.

So in my opinion, don't give him any investment advice but instead suggest him some investments, which may include bitcoin. But make sure he takes the time to learn everything about them first and only invests money that has nothing to do with the company's budget or reserves. Using corporate funds to invest in bitcoin is a bad idea, IMO .

Investing bitcoin with company money is high risk, rightly so because if bitcoin goes down the company will suffer. But you can tell a friend about bitcoin so he will know about bitcoin but it is not right to force him to invest because the price of bitcoin is not stable. Investing in cryptocurrency can be tempting due to the potential for high returns if you get to know bitcoin well. The market can be quite volatile so it's essential to do your homework and understand the specific cryptocurrency you're interested in.

Indeed high risk but if the company officials is capable to learn on how they could able to adapt on the risk then turn those things into a opportunity which their company could benefit then everything is really fine with that. So maybe best is not to do do any aggressive approach since everything will fail out especially if they install wrong expectation to people which doesn't have knowledge on how they could deal with bitcoin. And if his friends will invest because they only know bitcoin is good investment but forget to acknowledge the risk then there's huge chance that their company will suffer from huge financial loss.

So do good study on the market is important and take a lot of time do further more research since this is what actually needed to be done by investor so they can avoid committing mistake that could cost them a lot of their fortune.

[Antotena]

Investing bitcoin with company money is high risk, rightly so because if bitcoin goes down the company will suffer. But you can tell a friend about bitcoin so he will know about bitcoin but it is not right to force him to invest because the price of bitcoin is not stable. Investing in cryptocurrency can be tempting due to the potential for high returns if you get to know bitcoin well. The market can be quite volatile so it's essential to do your homework and understand the specific cryptocurrency you're interested in.

Investing into Bitcoin with company money is putting your job at risk and putting yourself in potential jail time. I don't understand how you plan to survive that if the market doesn't go as you plan. If I also own the company and you recklessly invested my company into Bitcoin  then I will have you arrested immediately even though you make profit because you just went against the company policy unless you are directed by the company to try such..

We don't have to sugarcoat things because we think it's the best, it's not no d got anyone to use the company for another investment no matter how promising it sounds, it can be Bitcoin or any other investment, just don't jeopardize it and put the money for another thing. What are you going to do in emergency situations when the company is in need of liquidity and you have nothing else to show, it means that you have failed the company and your responsibilities.

[fuguebtc]

-.-

-.-

Indeed high risk but if the company officials is capable to learn on how they could able to adapt on the risk then turn those things into a opportunity which their company could benefit then everything is really fine with that. So maybe best is not to do do any aggressive approach since everything will fail out especially if they install wrong expectation to people which doesn't have knowledge on how they could deal with bitcoin. And if his friends will invest because they only know bitcoin is good investment but forget to acknowledge the risk then there's huge chance that their company will suffer from huge financial loss.

So do good study on the market is important and take a lot of time do further more research since this is what actually needed to be done by investor so they can avoid committing mistake that could cost them a lot of their fortune.

Honestly, I neither encourage nor like the idea of ​​taking corporate budget to invest in bitcoin, especially for small and medium businesses that do not have much spare budget. If we have good knowledge and strategy we can make good profit but the opposite can also happen and we not only lose but can also bankrupt the business. If it were me, I would stay away from this idea.


MicroStrategy is a large corporation with a market cap of $30 billion and they currently own $15 billion in bitcoin. But the bulk of the money they spent on bitcoin came from raising capital from shareholders by issuing and selling MSTR shares. This is different from what OP is doing, he is using company reserves to invest in bitcoin. The risks are completely different so I think OP's advice is unwise.