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Author Topic: If someone you introduced to BTC says the risks of her funds is on you  (Read 860 times)
EluguHcman (OP)
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April 25, 2024, 09:13:43 PM
 #1

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

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April 25, 2024, 09:22:00 PM
 #2

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.

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April 25, 2024, 09:28:01 PM
 #3

Then you move on. The person is not ready
Who would invest and not be ready to face the risk of losses.
You don't have to force her, let her see by herself what she missed when everything starts shooting.
There's nothing in this life that don't have risk of failing even government bonds.
To me she's not ready to go into investment and should focus on relatively stable income like salary.
But if you really want to help her out
You can assure her and set aside fund in case of a dip so you can pay her capital back and take it as a form of accumulation.
Done it before and fortunately didn't regret it.

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April 25, 2024, 09:34:52 PM
 #4

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.

First you're suppose to tell her the risk that is involve,that is why she need to have the full knowledge of investment before looking out to any other thing, I guess she don't have any idea about investment  that is why she's being scared of losing her money, i think if she's not ready to take the risky I will advice you just let her be.

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April 25, 2024, 09:35:47 PM
 #5


Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

It depends on the kind of request, bitcoin is volatile so if she wants to invest but doesn’t want to take the risk that it will fall and she would have to wait patiently for it make profits then she should rather stick to her other currency that she can see. As for the safety I think it is a two way something, if she is scared of been her own bank then you can possibly tell her that there are centralized exchanges that holds your keys and also the great risk attached to it.

If she doesn’t wants that which is a better option then you tell her straight up that bitcoin is a freedom from centralization or banking policies and if she isn’t willing to take that risk then the bitcoin space isn’t for her instead. Taking the risk of even keeping the funds for her is a risk I wouldn’t take for anyone. Bitcoin brings individual freedom to financial savings of you’re not ready then it’s better to stay away from it

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April 25, 2024, 09:41:46 PM
 #6

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Don't introduce anybody to invest in Bitcoin or any other business without informing them about the risk involved. You don't also give anybody a guarantee that their funds are safe and it will also yield profit. Recently there have been cases of government attacking decentralization including wallets. Nobody knows the next wallet that might be seized by the government.

We cannot also erase the fact that scammers and hackers are still on a rampage in the crypto industry. There is also no certainty that she would make a profit from her investment because Bitcoin price is unpredictable. She sounded as if she was doing you a favor or her Investment will also benefit you financially. If I were in your shoes, she would get no assurance from me.

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April 25, 2024, 09:44:38 PM
 #7


You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.
This is difficult when you are trying to convince people to buy but they don't have any idea what is all about. This will be going to happen when you talk to someone whose doubts are in their mind already and make them think you are a scammer because what they think about Bitcoin is a scam investment. If I were you, I wouldn't sacrifice myself and time to make them understand because close-minded people never learn fast.
Quote
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Don't make a deal with these people, they will blame you in the end and (might) ruin your reputation especially when they lose and tell everyone that you are a scammer and a liar.

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April 25, 2024, 09:45:44 PM
 #8

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.
However, having said that you must refund her if ever her investment turns into at loss, then most likely she is not really confident on the investment she is taking, and that will definitely put yourself being compromised.  For me, it’s better to tell her not to invest unless she is ready and is responsible of her own investment, than to risk her funds and at the end of the day, it’s your funds that will get compromised.

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April 25, 2024, 09:49:18 PM
 #9

The only way I can take such thing is when I also take part in the profits when it comes, because some of this newbies investors need to be thought some lessons that profits making in any investment is also subject to some level of risk and for that, whatever you do or invest in have it own risk, most times, what affects those people is their lack of understanding of bitcoin and how volitility works in most mainstream investment.
Some of them have the mentality that bitcoin is scam, others believe bitcoin to be a means to get rich quick, but both are wrong and can lead to more frustrating turn out of events which me can not afford the be part of that is why I always turn newbies down when they approach me with such questions of investing in bitcoin.

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April 25, 2024, 09:58:14 PM
 #10

To be honest, I will not let her invest if she thinks she’s not ready to take her own risk. Otherwise, that would create a hassle on my part thinking about it and I wouldn’t really want it to happen. However, claiming her profits as well if ever she made profits will also challenge her to be good and responsible of her own investment, so most probably that kind of  strategy will also help her to motivate her to invest at her own risk.

R


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April 25, 2024, 09:59:57 PM
 #11

There are certain ways to introduce people into a different investment plan. The first step would be intense tutoring on the subject/course of investment.. secondly, I'll try as much as i can to layout the risk of getting involved - including any awful experiences I had during the course of starting my cryptographical journey.

It's dawn on you to decide if you'd wanna follow my path/route or not. I'll also make everything explicit enough, should there be any exegencies on your HODL journey (assuming that's what you needed the mentorship for)

Edit: What you just described above tells how less interested the person in question is - Maybe they thought they'll just begin to make profit out of a blue

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Queentoshi
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April 25, 2024, 10:01:15 PM
 #12

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.
Accepting to receive the blame if someone's investment does not go as planned is not a good responsibility to carry. You are introducing an opportunity to someone, and it should be the person's responsibility to go and research and find out if the opportunity you are introducing to them is one that is good for them. Regardless of the relationship you have with someone it is advisable to advise them never to make investment decisions based on only recommendations without conducting their own research first. Introducing someone to an opportunity and then carrying the responsibility of taking blame if it goes bad is too much. It is better you do not introduce anyone to any opportunity

R


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April 25, 2024, 10:14:56 PM
 #13

Your neighbor is scared and that is understandable. The decision on whether to go ahead and invest in Bitcoin is updated to her. Every investment carries a risk and no one should invest in any thing which they do not have proper education and understanding on. I think that it is clear that  your neighbor does not have the beginner's level knowledge on  Bitcoin and so the reason for her response. I don't investing in Bitcoin should come later after she has read the resources which I believe you would provide her to know more about Bitcoin.She is about to make a rookie mistake and blame it on you.

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April 25, 2024, 10:17:13 PM
 #14


I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.
You could have just gave some vague advices instead of straight up recommending bitcoin

Quote
You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her.

It would make sense that she would find someone or something to blame when things go wrong a lot of people do not want to own up to their responsibilities and always need a constant reminder of what they can hold on to.

So if people like this encounter bitcoin they feel surprised and rattled because there is no “higher ups” to blame everything wrong or complain about something to

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April 25, 2024, 10:25:31 PM
 #15

...
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Hmm, that's creepy!
If she loses his fund, indeed she will blame you, and you have to catch up with the financial abuser.
 
So, dear friend you don't need to share your thoughts regarding the Bitcoin investment with someone who doesn't have any ideas about it. Because you know that everyone here has made a decision of their own choice, whatever they lose or don't. Bitcoin is a highly volatile thing. While people are not familiar with it, it is not wise to encourage them to invest in Bitcoin blah blah. 
 
So in my opinion firstly you shouldn't  tell about Bitcoin who doesn't even understand the investment concept. Second, if he understands, tell him to make a decision of his own choice so that the blame does not fall on you. For this, in addition to strong enough incentives for privacy stances, it became impossible to exchange trust or wallet if there was weak privacy, and there would be a loss.
 
The rest of the loss is his, and the profit is also his.

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April 25, 2024, 11:10:39 PM
Last edit: May 02, 2024, 10:25:10 PM by South Park
 #16

snip

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
It is because of this that I do not give any financial advice to anyone on my real life, since those people just want the best of both worlds, they want to invest in an asset and make incredible profits, while in the case they were to lose they want someone else to shoulder their losses, which is in a way what the rich already do by privatizing the profits and socializing the losses, and even if you have made your posture clear, I can assure you that once she losses her money, a very likely scenario in my mind, she will come to you to try to collect what she thinks you owe her.

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April 25, 2024, 11:11:21 PM
 #17

Well thats self explanatory I guess. If someone you teach and out of your reach did invested in spite of the risk and precaurious and warnings then he is rhe one to blame alone. Yes bitcoin is a good for storing speculative asset but still its heavy volatile most of the time so if he/she arent emotionally intact then its not gonna end up panicking and selling his shares at the time bitcoin is doing a crazy dump.

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April 25, 2024, 11:32:24 PM
 #18

~
You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
What a crazy woman he is. Cheesy
Sorry for the word but she doesn't know the term "risk". She doesn't know that every investment has a risk and because of that, you need to teach her the risks of investing into crypto. Grin

It's good that you didn't agree to what she wants, and I mean even I will not agree into it. It's her funds, and if something bad happens, you will refund the losses while if you get profit, she will be the one who will get it? What an absurd proposal it is TBH. Just tell her the pros and cons to her, and if she wants your help in investing then tell her that you will not refund those losses.

You know what, just let her decide which asset she wants to invest her money with.

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April 25, 2024, 11:39:23 PM
 #19

That's silly, these people don't really want to take risk so don't invest at all. I've got that experience before and I just ignored that person until today because if they're asking for a safe investment, there's actually have some and those are the bonds offered by the governments and the banks as well but don't expect a lot of return from there. But if they're okay with the risk that Bitcoin is going to give them then they'd be happy to take the risk and the profit will also be appreciated by them because it is them that has taken the risk.
This is the reason why I am avoiding these people because if they can't do better for themselves and take the risk on their own, they are no good in investments and they'd stay wherever they are with that kind of thinking. Also, if they want this kind of risk free taking, they should have contacted the brokers and financial managers but they'd tell them that there's always a risk on it and there's no refund upon incurring losses. That's how brutal the investing industry is and if they're not willing to lose, avoid any investment vehicle but it's scary that they might end up with the scam schemes that guarantees them money and tells them that they're risk free.

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April 25, 2024, 11:53:29 PM
 #20

I wouldn't actively say that she needs to invest, but rather direct her into resources which will convince her on her own. If I will take the fall on her inability to handle her assets, I should also take some gains when she makes it through just so we are even on the risks that is supposed to be shouldered by her.

Imagine introducing a possible money maker to someone and they still want to get everything thinking that's how it works. These people don't deserve to get rich honestly, as they don't understand the risks and rewards.

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April 25, 2024, 11:54:02 PM
 #21

I can’t introduce you to Bitcoin without repetitively warning you about the risks. Even if I think that the risks that come with Bitcoin isn’t that much, I’d warn you like it could cost one’s live. So there’s no room for anyone to say that I am responsible for anything that happens when I have warned them that many times. This is why it’s good to know what questions to answer and what not to answer. For example, if they asked you how much you think will be good to purchase Bitcoin, you shouldn’t answer without thinking because they can say you’re the one who advised them. 



 

 

 

 

 

 


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April 25, 2024, 11:56:26 PM
Last edit: April 29, 2024, 06:35:05 PM by AmoreJaz
 #22

I wouldn't actively say that she needs to invest, but rather direct her into resources which will convince her on her own. If I will take the fall on her inability to handle her assets, I should also take some gains when she makes it through just so we are even on the risks that is supposed to be shouldered by her.

Imagine introducing a possible money maker to someone and they still want to get everything thinking that's how it works. These people don't deserve to get rich honestly, as they don't understand the risks and rewards.

In this scenario, don't force anyone to invest in this market. Because in any investment, it is up to the investor how he will manage his assets. It is not up to the person who will introduce him to such investment. But you also need to be clear with the person about the risks involved if in case he will go into this venture. It is by no means your liability if he incur losses, because you are not dictating the market, you are also relying on what may happen to the trading market.

Well thats self explanatory I guess. If someone you teach and out of your reach did invested in spite of the risk and precaurious and warnings then he is rhe one to blame alone. Yes bitcoin is a good for storing speculative asset but still its heavy volatile most of the time so if he/she arent emotionally intact then its not gonna end up panicking and selling his shares at the time bitcoin is doing a crazy dump.

Just be clear to anyone that it is no one's responsibility but himself when it comes to his assets. You are there to give some piece of advice but you can't do anything about the movement in the market. No expert can even precisely predict the trend. If there's one, I believe, he is using his skills to enrich his vault.

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April 26, 2024, 03:39:41 AM
 #23

It’s funny how people feel safe when they have their money in centralized platforms, and feel uncomfortable trusting decentralized systems. My advice to you is do not accept such terms, if your neighbor really wants to invest in bitcoin, she should be willingly to take responsibility for the risks, potential losses and profits of the market. I normally advise people to refrain from having such financial dealings with friends and family.

Is your neighbor a man or a woman? Not that it matters to the topic but pronouns should be used correctly.

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April 26, 2024, 05:16:10 AM
 #24

Bitcoin does not need advertising where it is completely uninteresting. People, having heard a lot of news background, which is sometimes not in favor of Bitcoin but having such a character trait as greed, still want to try to invest in it, but at the same time, they do not want to bear responsibility. I often meet such people. And I never argue with them. Everything has its time. If you see that a person is interested, you can give him information about training and, in particular, invite him to this forum. If we meet people who want to transfer responsibility to centralized organizations, then we should give them the address of the nearest bank.

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April 26, 2024, 05:19:37 AM
 #25

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
this is the reason why you should prevent yourself  from luring people to deposit in bitcoin directly
instead let them know what is this and be them to decide if they wanted to deposit/invest of not , it is
not our obligation to make their money safe because we have our own investment to secure .

I feel sorry for this person because for sure She will never invest in crypto things that she will
regret forever in her life.

God bless u
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April 26, 2024, 05:29:25 AM
 #26

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
That can never be one sided. I mean how she can say that if I lose the money then you would give me my money back. What will be your skin in the game then?

It can be that if you get her the profits into trades the you can share the profits percentage with her and if you lose the money the loss should also be distributed and shared. It's not fair that the whole loss is on your shoulders. She is also here to earn money so she should have some guts to risk her money as well. Don't get yourself into bad situations.

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April 26, 2024, 05:56:40 AM
 #27

(....)
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
That's why I am not really like this. Even if someone asks me, I always give a disclaimer whenever I share with them about investing in Bitcoin. We can't avoid dumb people, there will be always like that.
That's why it is really important to have proper education or just tell them how Bitcoin works, not by only telling buy it, they must know how Bitcoin works and how the market works.

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April 26, 2024, 06:01:23 AM
 #28

That's why I am not really like this. Even if someone asks me, I always give a disclaimer whenever I share with them about investing in Bitcoin. We can't avoid dumb people, there will be always like that.
That's why it is really important to have proper education or just tell them how Bitcoin works, not by only telling buy it, they must know how Bitcoin works and how the market works.
Guiding anyone to invest in Bitcoin is very difficult. They are responsible for their money and what they do with it but if they invest in Bitcoin after listening to our guide, they will possibly blame their losses on our advice.

Disclaimer like "Not financial advice" is good to use but it won't stop them to think, if they have loss, is because of advisors.

Many people are not mindful enough to understand that they are responsible for their investment, not advisors. The advisors can try to help listeners but they can be wrong too. So they can feel regretful about what they say to listeners and even feel their responsibility too. It's not comfortable experience for advisor.

R


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April 26, 2024, 06:12:10 AM
 #29

Lol, what a story. I would never agree to that, a grown person can decide what to do with their money. And if they decide to follow the advice and invest in Bitcoin, it's their choice and responsibility. I suppose some people still don't understand that. You can't be responsible for someone else's losses unless you force them to invest without telling them about any downsides. Abd even then it can't be your full responsibility.
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April 26, 2024, 06:21:14 AM
 #30

Who would be stupid enough to agree to such ? This type of people are not ready to invest, so don't force them, I expect such answer from someone you try to force into any investment.

They are weaklings, I know people like them, they want their lives to change for better but they aren't ready to make any sacrifice, this type of people don't believe that someone can have a better life through investment.

And if one day you make it big, they won't believe that you made it with investment, they will think of something evil that you probably did to acquire the success, and they will be satisfied about it, like I've said, I knew people like this and I choose to stay away from them.

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April 26, 2024, 06:47:56 AM
 #31

You can't be responsible for someone else's losses unless you force them to invest without telling them about any downsides. Abd even then it can't be your full responsibility.

What’s crazier is if she become hugely successful, would she give all her profit to op? Obviously not. But with that logic then she should owe op at least a percentage of more of her earnings.

It does not just go one way. It’s ridiculous that some people think this way. Just purely entitled and greedy.









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April 26, 2024, 07:10:31 AM
 #32

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
Is it possible to talk about this with such confidence if practically nothing is known about the creator / creators of Bitcoin. If any government were involved in this, would they advertise it?

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
You will be more careful in giving financial advice in the future. Smiley

And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.
When you involve clueless and careless people in cryptocurrencies, you really have to take responsibility for them, because most likely they will screw up at some stage and lose all (part of) their investment.

And that's why:
but her fear is that it is not a centralized technology
These people are not independent BTC-investors, but clients of custodial services provided by Square / Ledger Recovery.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
To avoid such incidents, I don't give investment advice, because those who are able to act independently don't need my advice, and for the rest, this advice will not help (it will only cause an extra headache). The latter require eternal guides and financial nannies.

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April 26, 2024, 07:47:08 AM
 #33

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

That's crazy condition he ask since imagine you need to spend a lot of time to teach her on how to invest on bitcoin and for sure it will eat a lot of your time and efforts and in return she would ask that once the money used lost from any mistake that she provably commit you will refund her. If I meet that person for sure I will dump here immediately and will never talk anything investment matters since its like she oblige you to do something so that she can earn.

I will feel bad with that and she supposed to be the one who are liable on each decision she want to take. Maybe stop talking about anything related to bitcoin investment discussion and leave her alone she's not ready and only interested on profit. You will only be blame if that person will get scam so don't teach her anything about bitcoin.


R


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April 26, 2024, 08:13:39 AM
 #34

To me I'd no be affordable to take that consequence risk of being responsible in such cases because right to my senses bitcoin is a genuine and a transparent platform for investment which I've just recommended to her and I'm also aware that carelessness to follow due processes of having your funds secured from hackers, introducer or lost of access to your wallet is definitely possible to occur she can be accounted that she has lost her funds.
Right about it I'm not responsible for such act to there's no way I'd accept to credit her with such assurance.
So I'd just ignore her and keep up my heads straight to myself.
This is actually strange and have never come across such conditions.

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April 26, 2024, 08:17:43 AM
 #35

If someone says that risk is on me, then I would stop considering such person as smart. As free money is only in the mouse trap. So the person thinks that he is the smartest one and found way to make money out of air. I would think a little if that person offers to split profit in the same ratio we would split risk. But saying "all risk is on you" really would make someone mad. I would suggest such person to say same thing to school teachers. He/she would study, if they guarantee well paid job. And see their reaction.

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April 26, 2024, 08:23:52 AM
 #36

Recommending Bitcoin is serious business. Its a leap into a whole new financial system, the kind Satoshi built for people to take control, not hand it back off. There's no FDIC, no bank bailouts here. This is the ultimate personal responsibility game.

Nobody's code can change that. If someone expects you to play safety net in a world built on decentralization and security, they're missing the point. It's not harsh, its how it is. Your job is explaining Bitcoin, making sure they get how it works. After that, they're the captain of their own ship. If they're not ready to understand that, they're not ready for crypto..

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April 26, 2024, 08:34:36 AM
 #37

She is stupid, that's all.

If I find a way to make money without doing anything and has zero risk, I would invest all of the money I have, sell my house and take a loan as much as possible. But, we all know such thing doesn't exist, if someone scared of losing in investment, they need to know if they will in loss even they hold fiat i.e. it's due to inflation.

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April 26, 2024, 09:24:30 AM
 #38

Just tell her that, you only introduced her to Bitcoins. You educated her with the benefits of Bitcoins. You told her how bitcoins are valuable and what it implies on an investors life. Now whether to invest into Bitcoins or not, it completely depends on herself. Blaming you or making you liable for the investment is not at all good. It’s her money so she should be the one who completely needs to make the decision that where to invest and where not to.

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April 26, 2024, 09:43:30 AM
 #39

It’s funny how people feel safe when they have their money in centralized platforms, and feel uncomfortable trusting decentralized systems. My advice to you is do not accept such terms, if your neighbor really wants to invest in bitcoin, she should be willingly to take responsibility for the risks, potential losses and profits of the market. I normally advise people to refrain from having such financial dealings with friends and family.
 

We shouldn't blame them because they don't really understand what decentralization is, they don't understand how it works and the difference between decentralization and centralization. It took us bitcoin investors years to fully understand and trust bitcoin, so we shouldn't be too quick to blame those who are just hearing about bitcoin for the first time and haven't done any research about it.

Also, I don't see the need to give financial advice to someone because even we have no guarantees about our own investments. If they have investment needs, provide them with documents and knowledge, and let them decide for themselves instead of us deciding for them.

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April 26, 2024, 09:51:52 AM
 #40

I always told to the people that asks me or I encourage to invest, that investing is not plating tree that if you invest you'll earn something, it's still 50/50 and there's always a risk. I only teach them the basics like what is Bitcoin, how it works and why it is the top 1 in market share, volume and price and I teach them how to use different wallets from web wallets, mobile apps to hardware wallets and how to use exchange sites to buy Bitcoin and transfer it to their wallet and to secure their wallets also.

But one thing I told them... that I just teach you and it's up to you whether you are interested and willing to take risk to invest in Bitcoin or not. If the people that told you that you should refund their investment, then move on he/she's not ready about it.


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April 26, 2024, 10:18:01 AM
 #41

~snip~
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.


Once upon a time, I was in a situation where someone I helped to invest in BTC did something stupid and allowed someone to hack him - and of course that same person blamed me for his loss of money, and then I decided to return that money to that person. Since then, I have been careful about what I say (and who I say it to), and when it comes to any investments (especially risky ones), it never occurs to me to advise anyone to invest in anything similar.

I would advise you to learn a lesson from what happened to you and never do it again. If anyone ever asks you about Bitcoin, say that you are no longer involved in it, that someone hacked you or that you lost it - otherwise you will only have a lot of problems in life, not only with neighbors, but also with thieves.

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April 26, 2024, 10:26:54 AM
 #42

~snip~
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.


Once upon a time, I was in a situation where someone I helped to invest in BTC did something stupid and allowed someone to hack him - and of course that same person blamed me for his loss of money, and then I decided to return that money to that person. Since then, I have been careful about what I say (and who I say it to), and when it comes to any investments (especially risky ones), it never occurs to me to advise anyone to invest in anything similar.

I would advise you to learn a lesson from what happened to you and never do it again. If anyone ever asks you about Bitcoin, say that you are no longer involved in it, that someone hacked you or that you lost it - otherwise you will only have a lot of problems in life, not only with neighbors, but also with thieves.

Yeah, not telling anyone is actually good advice, mostly for your safety. I don't think you should've returned the money, but I don't know the whole situation and I suppose you had reasons. The most important that the lesson was learned.
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April 26, 2024, 10:49:58 AM
 #43

If those are the words we heard, we'd rather not waste our time and make the effort to introduce Bitcoin. Because whatever happens to them, you are the one who faces the blame even if they are the ones who manage it. We'd rather not invest our time in doing this in the first place, they don't give trust.

This is the fact - not all will be able to listen and open their mind about Bitcoin. Not all people will appreciate our help on giving them opportunity that much more if talks about money as they prefer to stay working than trying new things (investment). In the end, it is useless to recommend this if they are just about to say I'm Not sure.


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April 26, 2024, 11:19:26 AM
 #44

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.
Your thought on such 50/50 deal is actually funny but seems sensible.
In there you would even have an opportunity to gain free funds from such deal  and I think that should had been a he only option of me with her that is if I must not walk even walk away out of annoyance.

I literally can not be submissive to such risky terms when I am not in any benefitial opportunity to it so, if she agrees as the 50/50 that would also be a cool deal but @_act_, let it be known that some persons are being bewitched designated to distract ones aim

So I think such an option would not be admirable or add any appreciations to your portfolio so, if you can even afford such 50% on such a game, you can equally topple it to your Bitcoin holding which you can as well be assured of your profits in the future.

I guess you know she can just be so loosed and careless to her wallet key phrases which the funds can be lost on the process so via your 50/50 deal you will be loosing your hard earned and I think that would also be an insightment of greed or trying to cover a large range of making incomes so the best to me is just to walk away.

Definitely before she came up with Such option it is assumed that she actually wanted to invest with such an amount of money that could not be affordable to loose by her else I don't think if she would had been so curious to indict me in that aspect of fear of she looses the fund.

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April 26, 2024, 11:20:44 AM
 #45

-snip-

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.


What a stupid woman she is. It seems he doesn't understand the risks of investing and how he can make money from it. Luckily you understand what he means and immediately avoid getting involved further with him, because these types of people are the people who should be avoided when we are dealing with money with other people - even though you are just giving him investment recommendations. It's natural for you to be angry, because if it was in a position like that, I would also be angry with a human like that.

R


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April 26, 2024, 11:33:18 AM
 #46

Many people will act like that person to someone who introduces something to them. This is normal because they don't know much about new things and take these new things for granted. We don't need to be angry with that person because we just introduced Bitcoin to him and he will decide. If he is not interested in Bitcoin and says so, we should leave him and let him find what he wants.

We can only tell other people about Bitcoin, but we cannot force those people to follow our advice. That is each person's decision, and as long as we have explained what we can do and provided sources of information so he can learn more, that is enough for him.
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April 26, 2024, 02:01:54 PM
 #47

First of all, you guys need to understand the basic principle of telling anyone about anything which is to see if they can comprehend everything you are about to say to them because one mistake could cost you a big trouble which happens especially when it involves some money. That's why I only choose the friends I have who can understand the way of the crypto market because I can't afford to be blamed in the future if something happens to their investment or lose their money in the midst of their holding some huge amount of bitcoins or any other altcoins. If a person blames you for telling him/her about crypto which leads to their investment, then you better avoid them and just be silent about it.

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April 26, 2024, 02:39:57 PM
 #48

Oh look, I would play dumb or act like a Bitcoin naysayer, so this will make her lost interest to discuss about Bitcoin with me. Since she didn't want to continue the discussion, so I won't risk my reputation just to explain what is Bitcoin, teach her and responsible with her loss.

No drama and no loss, it's great right?  Wink

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April 26, 2024, 02:57:38 PM
 #49

First of all, you guys need to understand the basic principle of telling anyone about anything which is to see if they can comprehend everything you are about to say to them because one mistake could cost you a big trouble which happens especially when it involves some money. That's why I only choose the friends I have who can understand the way of the crypto market because I can't afford to be blamed in the future if something happens to their investment or lose their money in the midst of their holding some huge amount of bitcoins or any other altcoins. If a person blames you for telling him/her about crypto which leads to their investment, then you better avoid them and just be silent about it.
If not always, it is probably most of the time it happens - a teacher carries a huge responsibility of the listener. Whatever happens to them, they will come back to us and question us why it happened. If we introduce Bitcoin to other people, in case it fails, certainly they will find us back and say we are a bad guy and a scammer without understanding that it was their responsibility to take care of their investment, not the one who introduced it. That is why it is not just we introduce Bitcoin to them but also, we need to educate them first and must be clearly understood by them that it is not our obligation anymore.

R


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April 26, 2024, 02:58:47 PM
 #50


Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

Well you shouldn't be worrying about this or going on with the condition if you know you are not running a partnership with her and all you know is to buy some btc for her and send to her wallet in her custody to monitor the progress. So if you are freely investing for her without any benefit or gain for you, maybe a percentage of the investment to you, if there are nothing of such or other encumbrances in the investment , you don't need to bother yourself with going in for such investment.

Investment is between risk and gain and anybody that is ready to invest should also be ready to take whatever comes from their decision to invest their money. Your duty is to show her what she needs to know, do a little convincing but not forcing her. It is when you pester on someone like that then she wants to hing on that for you to give a risk guarantee for her investment where you will bear part of the risk brunt incase it fails. So the question is are you running investment partnership with her? If the whole of gains goes to her then loses too should go to her.

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April 26, 2024, 03:00:18 PM
 #51

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would like to answer your question in simple terms. If someone wants to give me the profit of his investment or there is an agreement that in any situation if there is a profit or loss of bitcoins the two will be divided equally or at a certain rate. I will act according to that agreement. But if there is no such agreement then I will never hold the responsibility for loss. If I tell someone about Bitcoin I will also give them an idea of their losses. Here the liability of profit and loss totally depend oneself and if he wants to give me the investment profits from the beginning then I can give it to him in my own discretion if I think so. I will never give him a share of the loss if he doesn't give me a dividend if he makes profit on his investment.

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April 26, 2024, 04:16:31 PM
 #52

Yeah, not telling anyone is actually good advice, mostly for your safety. I don't think you should've returned the money, but I don't know the whole situation and I suppose you had reasons. The most important that the lesson was learned.

It is better to return the money to the man than to have him tell others all his life that you cheated him and that he lost money because of you. Back then it was a sum of only a few hundred $, but today that BTC would be worth a real small fortune. There is an old saying that people learn best from their mistakes, especially if they have something to do with money.

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April 26, 2024, 04:41:59 PM
 #53


Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Then it is either you'd have a percentage with the potential profit or just leave her alone with her money. I experienced this at first hand; I was blamed because I taught him things about this industry without him, doing his part of studying this industry. What's hard is with their expectations; easy profit or fast way to get rich. It is unfair of her if she will require you to refund the possible loss. Such a one-sided deal. If she cannot afford losing an amount then no investment industry would fit here. No one is required to engage and invest in this industry therefore if you took the initiative to also join web 3.0, then it will be you to blame if outcome would be negative. There are just people who only seeks profit without considering present factors. Let them learn things on their own and just mind your things 

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April 26, 2024, 05:09:16 PM
 #54

I always told to the people that asks me or I encourage to invest, that investing is not plating tree that if you invest you'll earn something, it's still 50/50 and there's always a risk. I only teach them the basics like what is Bitcoin, how it works and why it is the top 1 in market share, volume and price and I teach them how to use different wallets from web wallets, mobile apps to hardware wallets and how to use exchange sites to buy Bitcoin and transfer it to their wallet and to secure their wallets also.

But one thing I told them... that I just teach you and it's up to you whether you are interested and willing to take risk to invest in Bitcoin or not. If the people that told you that you should refund their investment, then move on he/she's not ready about it.
The people don't  always want the the truth if not for that how would you want to invest and you are not putting the risk into consideration people are just to desperate for money.  They don't want to risk there money but they want to make money is that not surprising thats just human nature. And any investing in bitcoin should be told of the risks behind investing in bitcoin you investing does not guarantee that you will make money from it.

But if anyone is patience enough to invest and the individual is aware of the risk that investing in bitcoin comes with then, that way the person have good understanding of what he or she is going into. And and when you teaching about wallet in addition also teach them about security how to keep there shit safe and should not panic incase of price or anything happening in the market.

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April 26, 2024, 05:09:20 PM
 #55


You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
For her to make a statement like you been responsible if anything happens to her money it means she is not convinced and she don't believe in bitcoin.  If I were you as she is convinced about bitcoin I will ask her not to invest,  instead she should go and do more research.  If she insist and want to invest because she want to make quick money, I will let her know investing is on her own risk and it should be clear to her. It is even good she opened up to you,  to let you know incase anything happens you will be hold responsible. You have to let her know that bitcoin is not a ponzi scheme and people are not forced to invest.

Let her know she must only invest bitcoin when she is convinced with it and understand it and ready to take responsibility of anything that occurs.  When people don't have appropriate knowledge about Bitcoin the risk they take becomes very huge,  so she needs to get a better understanding first before investing.

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April 26, 2024, 05:12:53 PM
 #56

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

 First convincing a friend to invest in Bitcoin can be challenging and risky but it's important to educate them on what Bitcoin is and how it works, highlight the potential rewards, address their concerns, start small, show them success stories, and encourage them to do their own research.If she can't understand the points then she can go any other investment.
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April 26, 2024, 05:34:51 PM
 #57

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

The statement alone where she's asking for a refund of her money if there is a loss is a red flag because if it was me I won't continue the conversation, she totally knows nothing about investment not just Bitcoin investment because all other types of investments people experience gains and losses but at the end they don't drag people who introduced them to the mud. Personally I would not continue to talk about the investment with her because if at the end she doesn't make profit issues will arise so the best response to her would be to leave her to use her funds to invest in any type of business that she wants especially the type of business that she would be refunded if she loses her money. Bitcoin investments is not for everyone the earlier it is understood the better for a lot of investors out there, if you get to meet someone who has no knowledge, interest and spare money reserved for investment that may take a while before generating profit please don't initiate the idea of Bitcoin investments to them to save yourself a whole lot of stress 😬.

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April 26, 2024, 06:00:29 PM
 #58


You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

I am therefore too lazy to advise new people to be in bitcoin apart from their own desire to learn about it.
Suggesting bitcoin to ordinary people then indeed must be full of patience especially if they enter into bitcoin and invest in it just because of some advice and knowledge that we provide without wanting to study it in depth then indeed things like this do not close the possibility of always happening so in this case I think you are not the first person to feel that way because some other people must also have felt the same moment.

Inviting someone to be in bitcoin is indeed a good situation where at least we can introduce a new thing to ordinary people who don't really understand what bitcoin is but on the other hand this kind of risk where they ask for more like asking too much or even asking for compensation when the money they invest has decreased in terms of value like your case it is possible to happen so it does take a big thing to teach people about bitcoin let alone advise them to invest unless from the start they want to be serious about being there and are ready to face the risks.

R


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April 26, 2024, 06:17:47 PM
 #59


you can turn the risk in your favor if you give a condition that you will refund her in the next halving like year-end in 2028. and she has to accept it and the profit is yours.

she's a bitch that's for sure. and i would dare not talk to her for another decade even if she is my neighbor. but i think it's good to know her already before things get worse. she will be knocking on your door every time the price goes down if you agree to her condition.









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April 26, 2024, 06:38:54 PM
 #60

Your heart is really kind, friend, you still care about other people getting rich from bitcoin, but I read your story above. Your neighbor is very afraid of losing his money. What I want to ask you is how much money your neighbor has? Do you have a fixed income? If I were you, I would borrow your neighbor's funds if your neighbor allowed it. I will return it at the agreed time. You have to remember here that you have to have a steady income to pay in installments and so that they believe you will pay it off. Then you can buy the whole thing at a moment like now when prices are decreasing. If you succeed, you just have to prove it to him, of course he will regret not following your words.

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April 26, 2024, 06:51:50 PM
 #61

So I recommended Bitcoin to her

You shouldn't have done that. You are not supposed to suggest Bitcoin or cryptocurrency investments to someone asking you for financial advise because even if they don't say it, they will blame you if they experience losses in their investments that they have made after your recommendations even if they didn't invest in the same asset you referred to.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.

What else could you expect from someone who believes only in centralized systems?

And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Why would you tell her that her funds will be secured if she sticks to the terms you have explained? And I'm curious to know what terms you explained to her because you clearly don't know what will happen to Bitcoin or any other cryptocurrency in the future, you or anyone else can't even know what will happen tomorrow, so how can you say that her funds will be secured? Whether we accept it or not, Bitcoin investments do carry risks as well.

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April 26, 2024, 07:23:46 PM
 #62

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

I'd tell her to forget what I said and that I'm not going to even help her invest from now on. She's clueless about investments and thinks she can blame her own mistakes on other people.
It's not even about bitcoin because if she told me the same thing about a fiat investment or a fiat purchase, I would have done the same thing.
Think about it for a second. Your neighbor asks you for advice about a car she wants to buy, so you offer to go with her and examine it. You know more about cars so maybe you'll spot something she wouldn't be able to. Then she says that since you're there, you're to take responsibility for any damages that might appear after the buy. Don't know about you, but I'd run and leave her there.

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April 26, 2024, 07:45:32 PM
 #63

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.
This is the right thing to do and I just realized I would have used this option for some people who also displayed the character explained by the OP. I realize some people do not just want to take any form of responsibility whenever the perceive risk in the investment. Someone have actually told me bluntly that if anything goes south if I will be ready to refund him his money just because I encouraged him to buy Bitcoin. I was not comfortable with such statement so I had to excuse myself. If I had known this, I would have tabled this condition and convince him it will be an investment of at least 5 years, that would have made a very good business for us.

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April 26, 2024, 07:58:29 PM
 #64

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Does your neighbor have any kind of mental disease? And I'm asking seriously because I have never heard of anyone asking someone like a neighbor, so not even a certified financial advisor, for financial advices and then tell them that if they don't make money they need to pay for their losses. So if she makes money she keeps the gains and if she loses money you need to reimburse her? I don't know what type of relationship you have with this neighbor but if I were you I would absolutely stay away from her, next thing maybe she'll ask you to help her with something and then find an excuse to sue you. Someone who acts like that could be very dangerous.

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April 26, 2024, 08:06:27 PM
 #65

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Don't introduce anybody to invest in Bitcoin or any other business without informing them about the risk involved. You don't also give anybody a guarantee that their funds are safe and it will also yield profit. Recently there have been cases of government attacking decentralization including wallets. Nobody knows the next wallet that might be seized by the government.

We cannot also erase the fact that scammers and hackers are still on a rampage in the crypto industry. There is also no certainty that she would make a profit from her investment because Bitcoin price is unpredictable. She sounded as if she was doing you a favor or her Investment will also benefit you financially. If I were in your shoes, she would get no assurance from me.
Exactly my point. I would not let anybody invest in bitcoin and expect that she will eventually gain profits after a short time, that won’t work with bitcoin. Bitcoin is a long term investment and is highly volatile, so it’s own price will always be unpredictable that anyone who wishes to make quick profits will always end up disappointed. And with that, I will be straightforward to her and tell her not to invest in bitcoin if she is not ready to lose, as anyone who’ll invest with bitcoin will surely lose at some point.

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April 26, 2024, 08:49:26 PM
 #66

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

You can always tell her not to invest if she doubts the suggested Bitcoin investment.  There is no need for you to push or force her to invest in Bitcoin just to prove your explanation correct.  If I am in your situation, I will discourage her to invest since she is half-hearted and I don't want to be blamed when something unexpected happens to her investment.

It is a good thing to share information and opportunities about Bitcoin investment but if the interested party wants us to refund his investment if something wrong happens, it is better to just discourage the person than put ourselves in an awkward situation.

We are not paid nor we get a commission if we introduce Bitcoin to our friends, it would be unfair to us if they got interested and wanted us to take responsibility if their investment does not go their way after we had explained the risk involved in the investment.  Better to avoid introducing Bitcoin investment opportunities to these kinds of people, it will only bring headaches.


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April 26, 2024, 08:55:07 PM
 #67

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Does your neighbor have any kind of mental disease? And I'm asking seriously because I have never heard of anyone asking someone like a neighbor, so not even a certified financial advisor, for financial advices and then tell them that if they don't make money they need to pay for their losses. So if she makes money she keeps the gains and if she loses money you need to reimburse her? I don't know what type of relationship you have with this neighbor but if I were you I would absolutely stay away from her, next thing maybe she'll ask you to help her with something and then find an excuse to sue you. Someone who acts like that could be very dangerous.

Many are just too lazy to take risks yet they want to enjoy the benefits risk takers enjoy. People like this are just selfish and should not be given any attention,  talk less of giving then financial advice. It is even better she stated her intentions on time, thereby saving the OP from future harassment assuming she didn't make any profit from her bitcoin investment.

Bitcoin over the years has changed lots of lives and those who are willing to take the risks are cashing out and enjoying other benefits that comes with it. Stories like this are the reasons i do not bother convincing anyone to invest in Bitcoin. Bitcoin investment is no longer hidden, if they make up their minds to join the moving train, I will only guide them on how to go about it.

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April 26, 2024, 09:45:20 PM
 #68

In my case, I avoid giving investment advice. but supposing that someone would come to me to give them some investment advice and I was in a very good mood that day and was talking to them about bitcoin, then I would advise him or her to go and research more about bitcoin and only invest money that can be afford to lose. I would not accept a person holding me responsible for any losses they would incur because before they bought, I would be clear and honest with them when warning them of the risk of losing money and the volatility of the market. I would also warn her not to put money in that she could not afford to lose and would warn her to do long-term hodl so that she could make a profit

One of the biggest problems I've seen is that a lot of people keep telling other people to do x or z thing and aren't honest about the risks. They fail to warn appropriately so that the person who wants to buy cryptocurrencies understands the high risk involved, how to protect themselves from the high risk and, above all, they fail to warn that one should not invest money that the person knows they should not lose. Anyone over 18 is responsible for themselves, so it doesn't make sense to blame other people for your mistakes. no one forced you to invest in bitcoin

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April 28, 2024, 06:56:14 AM
 #69

This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.

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April 28, 2024, 07:13:25 AM
 #70

This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.

I feel you on that.  I only talk crypto if someone's actually interested in learning, not just trying to make a quick buck.  But here's my take I share: Risk comes with any investment, but that don't mean you gotta gamble.  If you put in the time studying how Bitcoin works, get to know the market moves and have a plan going in, you can handle the risks way better. 

Taking calculated risks - thats how peeps get ahead in Bitcoin or anything else.  It ain't about jumping in blind and  it's taking the time to learn all you can first and being ready for whatever comes.

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April 28, 2024, 09:30:21 AM
 #71

This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.
  I'm here to support you. I've been actively learning about BTC for less than 6 months, and while I recognize its potential, I sense that there are still barriers in place when it comes to BTC. The individuals I typically engage with have experienced setbacks with Luna Crash and FTX."
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April 28, 2024, 09:57:42 AM
 #72

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

first things first, your friend was the first to ask you where to invest, you weren't the first one to insist or force her  to invest, right? It seems that you only suggested because she asked, so you should have no liability if there is ever a problem with the money she invest because it is her choice, that's why we always say that investment is risky and before we enter into something especially if there's money involve, we should have studied even if we say we know someone who knows everything about bitcoin. If you feel angry or upset because of what she said, that is valid because in the first place, you just gave a suggestion and then you will be given responsibility once her investment failed which is very wrong.



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April 28, 2024, 12:52:16 PM
 #73

It's fine if I being responsible with the loss, but if I made profit from her funds, 95% of the profit goes to me while she only receive 10%. Tongue

It's nothing different like taking out a loan to trade, actually this is better because I don't have to refund on time and there's no interest rate.

But if I need to being responsible with the loss and I earn nothing when my prediction corrects, that's completely dumb.

Don't tell or teach people about Bitcoin or investment, they will ask you to do for them.

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April 28, 2024, 02:09:00 PM
 #74

It's fine if I being responsible with the loss, but if I made profit from her funds, 95% of the profit goes to me while she only receive 10%. Tongue

It's nothing different like taking out a loan to trade, actually this is better because I don't have to refund on time and there's no interest rate.

But if I need to being responsible with the loss and I earn nothing when my prediction corrects, that's completely dumb.

Don't tell or teach people about Bitcoin or investment, they will ask you to do for them.

The best way is to never give advice or recommend bitcoin investment to anyone to avoid unnecessary trouble . If someone really wants to invest in bitcoin , just provide them with the necessary documents and let them decide for themselves . Never give advice because we will not get anything from it but the possibility that we will be blamed is very high .

Human nature is like that, greedy and likes to make profits but does not want risks to happen to them . With these types of people, don't waste our time on them , instead focus on your own investments .

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April 28, 2024, 04:35:34 PM
 #75

The best way is to never give advice or recommend bitcoin investment to anyone to avoid unnecessary trouble
I sometimes think it’s a little too selfish if I just keep this amazing investment to myself but then again it is not really my responsibility to share bitcoin to everyone. To also avoid a lot of questions I just tend to bottle it up and not tell anyone.
Quote
If someone really wants to invest in bitcoin , just provide them with the necessary documents and let them decide for themselves .

Probably the only way I will be teaching anyone about bitcoin is if they have an idea about it already and just want to learn more.

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April 28, 2024, 05:12:34 PM
 #76

One of the biggest problems I've seen is that a lot of people keep telling other people to do x or z thing and aren't honest about the risks. They fail to warn appropriately so that the person who wants to buy cryptocurrencies understands the high risk involved, how to protect themselves from the high risk and, above all, they fail to warn that one should not invest money that the person knows they should not lose. Anyone over 18 is responsible for themselves, so it doesn't make sense to blame other people for your mistakes. no one forced you to invest in bitcoin

That's a harsh reality and I have witnessed that as well. People often get too excited after getting some profit from their investments in cryptocurrencies and they can't contain that excitement and eventually let others know about it and even suggest them to do the same thing. We know how intriguing it can be when someone close to us tells us about how they got success in an investment and that we should do the same. This is the reason why people do it without much hesitance.

What's unfortunate is the person suggesting cryptocurrency investments to others don't make things very clear to them, letting them know about the potential profits one can get while not mentioning about the risks involved, and those who are receiving the suggestion doesn't do research as well, and what happens is they make investments blindly and incur losses due to a lack of knowledge about the market and its movements.

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April 28, 2024, 05:45:24 PM
 #77

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I do not give people investment advice about BTC, it is not right to tell people to invest their money in BTC. Tell them what BTC is, and that is a p2p electronic cash that is permissionless, if they are interested in it, they will later find out about its volatility and decide for themselves if they want to 'invest' in it or not, but if you just start telling people that they can make money from BTC, they are surely going to blame you if anything happens, even if they don't tell you like this your friend did.

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April 29, 2024, 12:56:34 AM
 #78

This is kind of a funny time seeing this thread as I’ve been making a massive external hard drive archive of everything in my life that I’ve saved from jpegs to audio files to video files etc and one thing I recently came across was a screen shot of a buddy saying he sent my NBA betting picks to a friend and that “I better have gotten them right” lol. To this day I don’t know if he was joking or not, but this kind of stuff is never on you, and it’s silly anyone would every try and hold someone else accountable in a circumstance of educating or telling someone about bitcoin.

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April 29, 2024, 04:27:17 AM
 #79

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.

Just to give a view may be more than enough and he can learn to understand how to invest correctly.
People are only tempted by what we convey but they are unable to learn the process.
When you intend to provide knowledge about Bitcoin to others, there is a moral responsibility to ensure they do not get a loss. If you are not ready with that then don't do it because at certain times you will be blamed for they own mistakes.

Quote
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.
That is why you don't need to recommend Bitcoin for others and they must decide to be involved yourself or not.
If according to him bitcoin is not a freedom then he can choose another path and you also have to say there is a level of risk that needs to be at stake when running it.

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April 29, 2024, 05:08:49 AM
 #80


Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

Have you put a Gun on her to invest in crypto? you only introduced this system to her meaning its own desire that will deal in this not unless you promised her a heaven and earth if investing .

sometimes people are too greedy to make sure they will only earn but never to lose and please refrain from dealing in those kind of people because they are completely a negative one.

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April 29, 2024, 06:52:07 AM
 #81

It's better to never give any financial advices to people. They will always blame you in case of any losses and some of them will even not be grateful for advice in case of profit

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April 29, 2024, 08:39:23 AM
 #82

It's obvious that such people don't care about Bitcoin but their money, I would say you have all rights to run away from such people because they are just waiting for you to mess up and they will bounce on you real big.

Teach people around you about Bitcoin, but do not help them to make the investment decision and if anyone later say to you that the risk of their fund is on you, what you teach them is already a complete waste of time, walk away.

Today, many people still believe that investment is a waste of money, as they will never see a postivite result from investing, it's never in them blood to be an investor, people around them including families are not brought up in such ways, all they know is saving up money and using that for whatever they plan to achieve.

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April 29, 2024, 09:22:04 AM
 #83

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.

R


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April 29, 2024, 09:32:30 AM
 #84

OP, is the person that you suggested to invest in Bitcoin, a man or a woman? I am kinda confused because you say it's a neighbor man but you mix he, she and her when you talk about that person. Okay, it's not an important task but I would love to correct you that you use he/his on man and she/her on woman. I hope you don't mind it.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
That's very strange, you are no responsible for his capital gains and loses if you don't force him to invest in it. Sorry but your neighbor is a mean, you just gave him an advice and he tries to make you responsible for anything bad that may happen. When you deal with such a person, it's better to just tell them to nevermind, don't follow your advice and just get out of their life, you shouldn't give any advice to such people because they'll always blame for you for anything bad that happens to their investment and if things go well, they won't even say a thank you.

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April 29, 2024, 09:57:29 AM
 #85

This is crazy man, if I were to accept that deal I would also have a part of her profit for sure and I should be taking more than her or 50/50 at least. And I can't agree to give her the entire money back, at least a portion of it.

But she woudl also have to agree to hold for long term and not short term cause that way uts more guarantee to make profits, i won't engage in any short term investment theses its far risky and you don't know what yo expect from the bull run or bear market, so i rather stay off.

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April 29, 2024, 10:28:28 AM
 #86

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.
We can explain Bitcoin as a new investment to friends or family but we should not force them to follow what we do. We also need to explain the risks behind Bitcoin investment so that they can understand and learn how to reduce the risks. Sometimes they will try to learn something new but we should not force them. Let them decide for themselves so that they know that when they decide to invest in Bitcoin, they must be prepared for all the risks. We can guide them in the initial stages of investing, but we also need to direct them to learn other things and make them learn on their own so they can increase their knowledge.
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April 29, 2024, 10:34:29 AM
 #87

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

That's the reason why I don't like introducing anyone to anything that involves risk of losing money or anything that involves chances because they will put the blame on you when things go wrong. I have seen a friend laying curses on his cousin for introducing him into gambling because he became addicted to gambling to the extent he sold everything he had but to no avail.
Let me not move away from the discussion here, it is very wrong for you to introduce anyone to anything that has probability of gaining or losing but if they come to you to know you can teach them and also let them know the risk involved so that if they don't succeed they won't blame you for their misfortune because they were the one can came to you.

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April 29, 2024, 10:50:06 AM
 #88

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
There are thousands or more tutorials and courses to learn and educate about the Blockchain system and Bitcoin in general, meeting someone with this mindset of throwing responsibility for their own actions is so annoying to me. If I ever decided to teach or introduce Bitcoin to someone else, First of all I would mention to him that what I am doing is what I believe it is good, however the responsibility is yours and only yours for whatever happens next to your funds.
As long as you are not getting paid for the time you are offering to this lady, why would you bother taking the risks if she ever experienced loss in any way possible, she may lose access to her wallet, get hacked or lose some of her investment, you are not the reason of it then why should you bother yourself or feel bad about it, In my place I would just ask her to do her own researches.

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April 29, 2024, 10:57:52 AM
 #89

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
There are thousands or more tutorials and courses to learn and educate about the Blockchain system and Bitcoin in general, meeting someone with this mindset of throwing responsibility for their own actions is so annoying to me. If I ever decided to teach or introduce Bitcoin to someone else, First of all I would mention to him that what I am doing is what I believe it is good, however the responsibility is yours and only yours for whatever happens next to your funds.
As long as you are not getting paid for the time you are offering to this lady, why would you bother taking the risks if she ever experienced loss in any way possible, she may lose access to her wallet, get hacked or lose some of her investment, you are not the reason of it then why should you bother yourself or feel bad about it, In my place I would just ask her to do her own researches.
Personal responsibility is Bitcoin's key. Its a new money world, and if you're not willing to learn how the blockchain works and how to secure your assets, you're in for a difficult ride. Nobody should rescue a lazy person who made a wrong decision.  This is a new frontier, not your grandfather's bank. You have control, but that means taking responsibility. Our decentralised system can improve lives, but people must take responsibility for their choices.

Your message of self-education is correct. Say it again. More people understand Bitcoin's technology and philosophy, the less likely they are to stumble and the more likely we are to see its potential.

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April 29, 2024, 12:12:24 PM
 #90

Personal responsibility is Bitcoin's key. Its a new money world, and if you're not willing to learn how the blockchain works and how to secure your assets, you're in for a difficult ride. Nobody should rescue a lazy person who made a wrong decision.  This is a new frontier, not your grandfather's bank. You have control, but that means taking responsibility. Our decentralised system can improve lives, but people must take responsibility for their choices.

Your message of self-education is correct. Say it again. More people understand Bitcoin's technology and philosophy, the less likely they are to stumble and the more likely we are to see its potential.
Very large players are interested in Bitcoin, for me this is a sign that it will grow. This is still a very promising asset that can bring good profits, so it is simply stupid to ignore it.

But I would never recommend it to anyone as an investment, everything related to money should be an independent decision of each person. Why would someone advise Bitcoin as a good asset for investment, and then worry that someone might blame you for their problems, especially since you don’t know how another person would act in a given situation, for example, sell earlier than they should and because of this lose money.
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April 29, 2024, 12:22:15 PM
 #91

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.

Money is a sensitive issue and never ask your loved ones to invest in areas which they are not familiar of. It's a human nature that if you advise someone for any investment then they will blame you for the loss but not give you credit if they had profit. BTC has a huge community distributed globally and we don't need to force people to come and invest in BTC until they came with there own consent. It's our duty to tell people the benefit of BTC but investing in BTC must be there own decision. 
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April 29, 2024, 12:44:51 PM
 #92

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.
As much as possible, don’t dare to advise people financially because the moment they will follow what you say, that also means that you’ll be held responsible whatever circumstances that may appear in the future. Even if you tell them be responsible of their own actions most especially when money is involved, still I don’t think that will work in the future. Just give them ideas where to invest, but don’t advise them on what specific investment they’re going to risk their funds.

Introducing bitcoin to some of your friends or relatives is never bad, but the moment you give them guarantees that it’s highly profitable and reliable, that’s where you created a big mistake.

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April 29, 2024, 12:58:17 PM
 #93

It's better to never give any financial advices to people. They will always blame you in case of any losses and some of them will even not be grateful for advice in case of profit
I also think so, it's best not to give any financial advice to anyone because we don't get any benefit from them but we will be blamed if their investments lose money. So, don't waste your time doing things that don't bring you any benefit or profit.

I rarely give investment advice to anyone, including my relatives. I don't want our relationship to fall apart just because of money. If someone wants to invest and is serious about it, they can search and research online. In today's technological age, finding anything is not that difficult. If they can't even take the time to learn about investing, it's best not to invest.

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April 29, 2024, 12:59:23 PM
 #94

I try telling my friends and office mates about crypto and tries to let them understand the advantage and the benefits of having crypto in their pocket , but not to the extent that they will put the blame on me if the investment did not favor them.
because it is their money and they are the one who must be responsible for that amount.









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April 29, 2024, 01:15:59 PM
 #95

You can only recommend Bitcoin to people who are ready to lose their money when the market crash. Asking you to return the funds when the amount decreases after making an investment indicates that your friend is not ready to take risks, tell him there is no investment that does not have risks. Personally I don't want to risk anything I've never done. If he tells me to return his lost funds, then I will be the first to prevent him from investing because I don't want his selfish nature to harm me in the future.

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April 29, 2024, 02:31:31 PM
 #96

Well, depending on how trustworthy the guy is, I'd either call him out on his bullshit, or I would take him up in his offer since I could trust him on his word, but in your case, where you're the one being put into the spot of having to insure the newbie into investing for himself, I say the decision is up to you. You said that you're not gonna take her up on her offer since it's a little disadvantageous to you then again, don't take the chance just so you could convince people when they would've naturally gravitate towards it if they would.

At the end of the day, as an investor you know to only take up offers that would be very advantageous to you, offering help in the form of information campaigns is the most we could do these days, since the market's pretty much not worked up its appetite yet and it may not do so for a couple of months to a year.

I would highly suggest that you work with people who have already worked on a little bit of interest with crypto and bitcoin next time, preferably those who have made their initial pros and cons research so it's way easier dispelling fears and promoting good ideas.

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April 29, 2024, 03:44:24 PM
 #97

The best way is to never give advice or recommend bitcoin investment to anyone to avoid unnecessary trouble
I sometimes think it’s a little too selfish if I just keep this amazing investment to myself but then again it is not really my responsibility to share bitcoin to everyone. To also avoid a lot of questions I just tend to bottle it up and not tell anyone.

I'd rather be known for being selfish than be blamed, so I don't tend to like giving anyone investment advice. Furthermore, I think I am not an expert in the field of investment, so giving advice to someone is not advisable . Giving advice to others indiscriminately does not necessarily help them, but can harm them if they do not follow what we give them.

Quote
If someone really wants to invest in bitcoin , just provide them with the necessary documents and let them decide for themselves .

Probably the only way I will be teaching anyone about bitcoin is if they have an idea about it already and just want to learn more.
I myself have learned everything about bitcoin, so I think if someone really wants to invest, they will find a way, not wait for someone to teach and show them every detail, and even give them guarantees. It is not our duty or responsibility to do.

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April 29, 2024, 03:52:59 PM
 #98

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Well, maybe you could have entered an agreement where you gave her total guarantee over her funds, although you couldn't stipulate a fixed period of time for that, being necessary for her to wait up to few years until seeing profit made over her investment. Besides that, there should be also another clause on the agreement, stating that her money would remain in a cold wallet controlled and owned by you during the whole time the investment would be going on. And finally, probably the most important clause, would be the percentage of profit over her investment to be paid to you for your custody and financial advisor services after all.

What do you think of the idea? For me it sounds really good for both sides of the negotiation...

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April 29, 2024, 04:14:40 PM
 #99

When I make profit 100% belongs to me but if I lose 100% should be on you, there is no one who has basic investment sense will talk like this which shows the neighbor isn't aware of what investment is, I am not trying to blame her but that's what the system do to the majority of people living on this earth.

Wise people will make their path just if they find a trail, so it's everyone's individual brilliance when it comes to investment.









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April 29, 2024, 05:54:59 PM
 #100

I have experience such thing before, its not even in crypto investment but other, and I regret ever involving someone else in investment plans, the experience reminds me that what I can go thorough with the hope of getting a better life can be extremely hard for others.

Since that time I stop telling people to invest in anything just because its favouring me, and if they come asking what I am doing for living I can tell them or explain to them, and if they end up asking how they can be like me I will tell them to start doing their own research, which I believe that 90% of people don't like hearing.

People want everything to be done for them without breaking any sweat and yet when anything go wrong they still can't take the blame and accept that it's their own mistakes, if people want to do anything that involve making money let them do it themselves.

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SPIN

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April 29, 2024, 05:58:08 PM
 #101

I am responding to you based on your headline or subject sentence because I know quite well, that cryptocurrency especially Bitcoin how to do with risk method which like every tendency for a new person into cryptocurrency or Bitcoin in particular to experience a loss, so what I'm saying is that many people have issue with some people that introduce them into cryptocurrency investment especially Bitcoin because the information was not properly processed to them at them when they get into loss for the investment they became aggressive so that is why whoever you are trying to impact the knowledge of cryptocurrency try to tell the person they advantages and also disadvantages of cryptocurrency investment most especially the implication before you come advise the person to take a risk of its own

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April 29, 2024, 08:23:11 PM
 #102

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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April 29, 2024, 08:38:33 PM
 #103

I consider someone putting the blame of risks associated with an investment on someone else as a kid in the investment space.

I mean, financial literacy is a personal responsibility, no one cares about what you do with your money and no one also puts you under pressure to commit funds to an investment and it is not against the law if you have to turn down an investment proposition.

EVERYONE IS RESPONSIBILE FOR HIS/HER FINANCIAL DECISIONS!

.
SPIN

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April 29, 2024, 08:42:51 PM
 #104

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.
I think the first mistake you made was you trying to persuade/convince this your neighbor into investing in Bitcoin, because truly, Bitcoin is not an asset you persuade people to, but rather what people should invest in after haven been fully convinced about how it works, ready and willing to take the risk. Because this is the exact same scenario I experienced years back that made me to stop trying to convince people to invest in Bitcoin, and now today, I only tell people about Bitcoin and allow them to make the decision to either invest or not by themselves.

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Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
If I was to be in your shoe and the person who I'm trying to introduce to an investment opportunity make such statement, the best i will do is to just stop immediately, because I can't be introducing someone to an opportunity whereby if Bitcoin happens to skyrocket higher, he will reap the profit, but yet not willing to accept the lose of it's value falls.

.
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April 29, 2024, 08:59:27 PM
 #105

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
Folks just know how to behave funny, because your business failed why would you blame anyone, it is not as if you are forced to invest, it was a decision made by you single handily made by you so I don’t see the reason for the blame. And I love the feedback, you are ready to give in a situation like this because what if the investor is making profit will he blame me no, and everyone understands the up and down in bitcoin price. If you know you cannot stand the fluctuations in price then why invest in the beginning, when you know ur mind will not stand it. And I know that it will taker longer for some people to start making actual profits from investing, I feel is something you need to take your time to learn before investing, so that you don’t have the mind set of blaming people. And for people like this I will recommend holding for them.

They don’t look like people that have the mindset to actually trade, it is more challenging to trade than to hold so better still just tell them to hold.

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April 29, 2024, 09:53:42 PM
 #106

No matter what you do, you will still take the blame. Because that person never takes responsibility as she is already not confident in you and in investing in Bitcoin. It only means that this person doesn't want to invest. So, therefore, she is not worthy of our time and effort. We'd rather talk and encourage someone who could really understand and of course, is willing to adapt to the situation. In fact, we are just helping them, not by having responsibility over their investment as it was their choice to invest, not us. We are introducing them some ways to earn money and its up to them to decide but not in way they will put us in charge of their funds.

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April 30, 2024, 01:44:43 AM
 #107

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.

It just means that the money they are putting in is not intended for investment. It could be their personal savings or emergency fund which they are not willing to lose. But since they can't carry the risk and responsibility from type of investing, they are putting it with other people. They blame people when things go wrong but takes all the credit when things go into their favor.

I would say instead that, I presented and introduced you an opportunity but it's your risk to take. I've just opened up possibilities but you are the one to carry.

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April 30, 2024, 02:26:41 AM
 #108

As far as I'm concerned, investing in bitcoin is about taking the risk and expecting a return if I don't have the risk then why give the profit to others. Investing should be done thinking about both profit and loss. Those who only think about profit will never be successful it is not possible to move forward without taking risks. I will never risk my funds with this type of person.

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April 30, 2024, 06:48:39 AM
 #109

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.

Yes. I also agree with your statement above if we read the OP review above carefully, but if the condition is in our position, the most ridiculous is us because we already know that what we are informed is a person who has no desire and no interest at all and forces to invest in crypto with its potential.

My view, if he has automatic desires, he will come to us by himself without having to be asked, then the learning and teaching process begins, along with an overview of all the risks associated with him entering and investing.

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April 30, 2024, 07:14:38 AM
 #110

yeah, that's something that happens often. A person will blame other people for inviting him to do this when he suffers a loss. That's ridiculous when you explain how risky he can get when investing in bitcoin. Therefore, don't invite him to invest, but educate him about Bitcoin, and let him make decisions based on his own thoughts. This is done to avoid things like that.
People so easily blame others when they suffer losses, and ask for the losses they receive. However, when he makes a profit, he is just grateful, and maybe just gives a little money to the person who invited him. That's not fair.


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April 30, 2024, 07:05:26 PM
 #111

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
People are just desperate of making money but are not willing to know if what they about to go into is worth investing in. It is very wrong for people to try what they zo not believe in, and afraid to invest their money in it. Most beginners they invest in bitcoin not because they believe or understand it, but they just feel it might being money for them if they should invest in it. 

When we introduce bitcoin to people we should be able to let them know not to rush into it when they haven't gotten good understanding about it, because their is no sense investing in something that you are not sure if it can yield profit or not.

What should give people a go ahead to invest in bitcoin is when their is good understanding about it and no doubt if it will be profitable or not. Understanding and believing bitcoin must be the reason anyone must invest in bitcoin.

R


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April 30, 2024, 07:33:22 PM
 #112

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
People are just desperate of making money but are not willing to know if what they about to go into is worth investing in. It is very wrong for people to try what they zo not believe in, and afraid to invest their money in it. Most beginners they invest in bitcoin not because they believe or understand it, but they just feel it might being money for them if they should invest in it. 

When we introduce bitcoin to people we should be able to let them know not to rush into it when they haven't gotten good understanding about it, because their is no sense investing in something that you are not sure if it can yield profit or not.

What should give people a go ahead to invest in bitcoin is when their is good understanding about it and no doubt if it will be profitable or not. Understanding and believing bitcoin must be the reason anyone must invest in bitcoin.
One of the main reasons on why i dont really tend to give out any recommendations when it comes to investing with crypto or any other forms because i dont really like for be the one to get blamed on the time that they would really be seeing that their investments are going south. I do have a couple situations on where this is something that happens on me on the time that they are pointing fingers at me and blaming me as if im the one who is rushing on making investment just because they were that expecting that they could make out some good returns on a very short time.

I havent missed on telling them about on the risk involved and they have agreed but in the end of the line you would really be still that getting that kind of blaming time on
the moment that they are losing money. This is why in the end i have decided not to make any recommendations or would really be giving out suggestions in regarding about investment because
you are really just that making yourself putting up on some trouble and they would really be finding you as if you are the ones whose at fault. lol

R


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April 30, 2024, 09:20:08 PM
 #113

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

If this was what she demanded we agree on before she can invest in bitcoin then I won’t bother to ask her join through me, let her do it herself or look for someone that can agree to her terms. Ideally, any investment you’ve decided to take on has their risk and reward ratio and no investment is free from not losing or will always be on the winning trajectory. Unforeseen circumstances happen that can make you lose some money during investment but when you hold on and keep doing the right thing, you’ll get them all back. Let her see bitcoin as one and if she can be able to grasp the pros and cons you’ve told her about bitcoin, she should be convinced enough to buy and wait for the right moment to sell her bitcoin and make some good profits.

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Russlenat
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April 30, 2024, 10:23:17 PM
 #114

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
I doubt if she will agree to that, her money, her profits. The only problem is she’s obviously not ready and capable to invest, otherwise she won’t doubt herself if she’ll win or lose in an investment. However, if this case happens to me, I would be frank to her and tell her to delay her investment first, know her investment well and be aware on the risks as well. That is if she wants to succeed later on, so she should learn to follow.

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April 30, 2024, 11:22:16 PM
 #115

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
I doubt if she will agree to that, her money, her profits. The only problem is she’s obviously not ready and capable to invest, otherwise she won’t doubt herself if she’ll win or lose in an investment. However, if this case happens to me, I would be frank to her and tell her to delay her investment first, know her investment well and be aware on the risks as well. That is if she wants to succeed later on, so she should learn to follow.

How can you tell someone who introduce you into bitcoin investment that the risk of your funds is on him, that is why is not good to force someone to join something that she don't even have any idea of, maybe when she agreed to start bitcoin investment she's hoping that Op will refund her back the money when she lose, I think that was the main reason why she accepted when OP ask her to join in the first place.

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April 30, 2024, 11:45:15 PM
 #116

How can you tell someone who introduce you into bitcoin investment that the risk of your funds is on him,
Obviously your money=your responsibility

Your gain=your loss 
Quote
that is why is not good to force someone to join something that she don't even have any idea of,
Op clearly just suggested since she was looking for options to invest in. Op did not hold a gun to her head and forced her to invest in bitcoin.
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maybe when she agreed to start bitcoin investment she's hoping that Op will refund her back the money when she lose, I think that was the main reason why she accepted when OP ask her to join in the first place.
Why would she assume that  Huh

It’s not like op is the one who owns or controls bitcoin. Maybe she isn’t well aware of how bitcoin works or maybe she is just really entitled.

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May 01, 2024, 12:45:42 AM
 #117

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
In investing, of course there will always be risks that we have to face in order to achieve success in the investments we make, if they understand well the risks faced in investing, of course they will be able to easily complete and continue the investments they make, so It is important for everyone who decides to invest that they must be able to understand the risks they will face in order to be able to invest well and achieve their investment targets, because if they do not understand the risks they will face and only look at the profits, of course This is very stupid and they will lose their money on this investment.

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May 01, 2024, 03:45:20 AM
Merited by usekevin (1)
 #118

In investing, of course there will always be risks that we have to face in order to achieve success in the investments we make, if they understand well the risks faced in investing, of course they will be able to easily complete and continue the investments they make, so It is important for everyone who decides to invest that they must be able to understand the risks they will face in order to be able to invest well and achieve their investment targets, because if they do not understand the risks they will face and only look at the profits, of course This is very stupid and they will lose their money on this investment.
A lot of people are not aware that bitcoin is volatile in nature. Just like that the OP mentioned, some believe that bitcoin is a ponzi scheme and I think that was why she gave her terms of refund to the OP if things go wrong, before deciding to invest in it. This is the more reason why Bitcoin shouldn't be forced on people to invest in because out of ignorance some might begin to make trouble when it's price drop for instance imagine telling someone to invest in Bitcoin before the halving and you assure them that it's a very good asset for investment (of course it is) and the price would go very high, probably 80k. Maybe you didn't explain the nature of Bitcoin to them ( it's Volatility) Now what would you explain to them as it's current price has gone down? That's why when you preach to people about investing in Bitcoin you should also let them know the risk involved in it, then it's left for them to make a decision to proceed or not. Well If I were the OP I won't panic but I'll educate the lady further about Bitcoin and listen to her decision concerning making investment in it.


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May 01, 2024, 04:20:02 AM
 #119

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.
I doubt if she will agree to that, her money, her profits. The only problem is she’s obviously not ready and capable to invest, otherwise she won’t doubt herself if she’ll win or lose in an investment. However, if this case happens to me, I would be frank to her and tell her to delay her investment first, know her investment well and be aware on the risks as well. That is if she wants to succeed later on, so she should learn to follow.

The more serious problem is why do we take the time to give investment advice to these types of people and take the time to explain it to them?In my opinion, stay away from the type of person who wants to make big profits but does not like to take risks. This will just waste our time.

I find that the mistake most of us make is that we like to give bitcoin investment advice to others when what we should be doing is just recommending bitcoin to them. Give them knowledge about bitcoin, not advice to invest in bitcoin as soon as possible.

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May 01, 2024, 06:18:31 AM
 #120

As far as I'm concerned, investing in bitcoin is about taking the risk and expecting a return if I don't have the risk then why give the profit to others. Investing should be done thinking about both profit and loss. Those who only think about profit will never be successful it is not possible to move forward without taking risks. I will never risk my funds with this type of person.
Not everyone in the world uses their money for investment purposes. They invest only thinking about profit, they are not really investors, I don't think they invest at all. There is no person in the world who can demonstrate that there is no investment without risk. Those who have dared to risk investing are now multimillionaires. We are talking about Bitcoin here where introducing a person to Bitcoin does not mean that I will take responsibility for his invested money, no one will. They are not really investors they are actually greedy.

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May 01, 2024, 06:20:32 AM
 #121

Your heart is really kind, friend, you still care about other people getting rich from bitcoin, but I read your story above. Your neighbor is very afraid of losing his money. What I want to ask you is how much money your neighbor has? Do you have a fixed income? If I were you, I would borrow your neighbor's funds if your neighbor allowed it. I will return it at the agreed time. You have to remember here that you have to have a steady income to pay in installments and so that they believe you will pay it off. Then you can buy the whole thing at a moment like now when prices are decreasing. If you succeed, you just have to prove it to him, of course he will regret not following your words.
It's hard to believe what we hear until we see something, it's not so easy to believe what other people say is true until someone makes a profit from investing in Bitcoin. Keep telling him all day long that you will get profit in the future, and he still won't believe it, so I also agree, but taking a loan from someone and investing in Bitcoin is not safe for me. Since Bitcoin is a long-term investment and it is also possible that the invested money will go to loss and it will take a long time to recover it, therefore one should never trade by borrowing from anyone.

As you suggested you should have enough income to pay back the amount in instalments, so I would say if you have enough money to pay back the borrowed amount in instalments then it is better. Instead of taking a headache, invest in Bitcoin in portions because doing DCA is better than buying it all at once.

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May 01, 2024, 07:24:40 AM
 #122

The more serious problem is why do we take the time to give investment advice to these types of people and take the time to explain it to them?In my opinion, stay away from the type of person who wants to make big profits but does not like to take risks. This will just waste our time.

I find that the mistake most of us make is that we like to give bitcoin investment advice to others when what we should be doing is just recommending bitcoin to them. Give them knowledge about bitcoin, not advice to invest in bitcoin as soon as possible.

Different people will look at problems in different styles, I have a friend whose character likes to share information and he always teaches people how to make money.
He is so thorough and ready for everyone to ask about investment matters and what is strange is that he never gets bored of teaching this matter every day to the people who ask.
If we think the person is not worthy of being taught then leave, because there is no responsibility to give advice to anyone because there will be risks that will occur.

Apart from providing recommendations, we should also mention the risk impacts that result when people don't understand Bitcoin.
This way they also have the motivation to learn first before getting involved in it. So that every time there is a problem they can face it more prepared.

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May 02, 2024, 04:01:00 AM
 #123

The more serious problem is why do we take the time to give investment advice to these types of people and take the time to explain it to them?In my opinion, stay away from the type of person who wants to make big profits but does not like to take risks. This will just waste our time.

I find that the mistake most of us make is that we like to give bitcoin investment advice to others when what we should be doing is just recommending bitcoin to them. Give them knowledge about bitcoin, not advice to invest in bitcoin as soon as possible.

Different people will look at problems in different styles, I have a friend whose character likes to share information and he always teaches people how to make money.
He is so thorough and ready for everyone to ask about investment matters and what is strange is that he never gets bored of teaching this matter every day to the people who ask.
If we think the person is not worthy of being taught then leave, because there is no responsibility to give advice to anyone because there will be risks that will occur.

Apart from providing recommendations, we should also mention the risk impacts that result when people don't understand Bitcoin.
This way they also have the motivation to learn first before getting involved in it. So that every time there is a problem they can face it more prepared.
As I also said, why don't we give them knowledge and let them make decisions once they understand everything. What I see commonly nowadays is that people just like to impose their thoughts on others, people just always want others to invest in bitcoin immediately. Most just give advice and impose thoughts, no one takes the time to analyze or explain the benefits and risks of bitcoin to someone in detail.
And opposite, if someone doesn't want to listen to our explanations or receive our knowledge but just wants us to ensure their safety, then stay away from them and don't let them waste our time.

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May 02, 2024, 04:38:05 AM
 #124

~snip~
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would not recommend such people. Because investment should always be at your own risk. Don't invest in other people's decisions. But yes one can get experience from me about investment and follow all investment strategies but he will invest with decision from me and in case of loss of that investment I will compensate him which I will never accept. Here he takes a decision from me if he invests and gets a lot of success in that investment then he will not give me any part of his profit but whenever he suffers loss it is never acceptable why I should be compensated. If he agrees to give me a share of the profits, I will be willing to take this risk.

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May 02, 2024, 06:43:29 AM
 #125

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

Though the investor wanted to protect her investment without understanding what it means to invest in bitcoin, for this singular statement alone I strongly conclude that this kind of person is not preparef for bitcoin investment and there is know neee of further explanation for her because even though you finally convince her if any ugly situation occurs in the process she will still drag you in, though ponzi scheme has dealt with people and that incident incident still occupues their mind, any investor who is not ready to bear the risk of investing in Bitcoin alone, I think such investor is not worthy of being part this investment and there is know need of wasting your eneegy to talk to such person because the situation may turnout to be aginst you.

Franctoshi
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May 02, 2024, 07:20:55 AM
 #126

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Reading through your post, I can tell you didn't put this your neighbour through properly about Bitcoin and its investment risk at the initial time ,else something of this nature wouldn't have arise, for telling you that if anything happens to her funds you are responsible,  Well, that's why it's necessary we lecture any interested individuals properly about Bitcoin and the risks associated with its investment before they think of investing, and this should be the primary objective, I have had number of friends who has indicated interest to invest into Bitcoin but ones I told them about the risk side of it, you see most of them losing interest, The bitter truth is that most people that wants to invest are only concerned about the profit side and aren't willing to take risks side of possibly losing money.

R


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May 02, 2024, 07:42:36 AM
 #127

~snip~
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would not recommend such people. Because investment should always be at your own risk. Don't invest in other people's decisions. But yes one can get experience from me about investment and follow all investment strategies but he will invest with decision from me and in case of loss of that investment I will compensate him which I will never accept. Here he takes a decision from me if he invests and gets a lot of success in that investment then he will not give me any part of his profit but whenever he suffers loss it is never acceptable why I should be compensated. If he agrees to give me a share of the profits, I will be willing to take this risk.
if this is the attitude of the person ? nope never that I will recommend her or even teaches
how to invest because look at that behavior , they wanted to have a secure investment , they
don't wanna lose but they wanted to gain ? that is completely stupidity here in bitcoin investing
because all of us here have risked and spend our time and knowledge here and what we are gaining
now is the product of our own strength and power because we trusted this market that in future may
change our life.

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May 02, 2024, 07:54:24 AM
 #128

I wouldn't really going to recommend taking funds from someone just to invest in Cryptocurrency or Bitcoin, I mean we already know the how risky it is on be on cryptocurrency so we should be extra careful especially if you are going to take funds from someone, because if you take investment money from someone they might say that it might win or lose, but they surely going to expect a return from you which is not going to end up well for sure because market is not predictable. Even though we could say that market price is going to be a profit in the coming months it wasn't going to be a guaranteed thing at all.

What I would advice in this kind of situation, is never to take any money from anyone because it just going to be a huge problem in the end, what you should say to someone who wants to invest is to actually invest it by himself, so he or she needed to do the hard work, needed to do the research on there own because it involved a huge risk, so that if they lose that money it is going to be their fault. Just don't encourage them to invest at all instead discourage them telling them all of the disadvantages and worst things that could happen, after that if they still want to invest after hearing most of it, then let them process and probably guide them, or else guide him to this forum where he/she might learn a lot.

.
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tottong
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May 03, 2024, 04:06:10 AM
 #129

As I also said, why don't we give them knowledge and let them make decisions once they understand everything. What I see commonly nowadays is that people just like to impose their thoughts on others, people just always want others to invest in bitcoin immediately. Most just give advice and impose thoughts, no one takes the time to analyze or explain the benefits and risks of bitcoin to someone in detail.
And opposite, if someone doesn't want to listen to our explanations or receive our knowledge but just wants us to ensure their safety, then stay away from them and don't let them waste our time.

It is much better that we provide knowledge and they can learn to understand before making a decision. Imposing our thoughts on other people is not a good decision because they may not be able to implement the methods we use.
Investing in bitcoin is indeed very good, but if they don't understand how to do it, it will be dangerous and if they are not taught about risks, fluctuations or market movements that can change in the near future. It will cause panic when they invest in the condition of a sharp decline in the bitcoin market.

That's why it's important to provide a complete understanding of Bitcoin and they can decide to invest after understanding everything.
If not, when faced with a problem, they will find it difficult to understand how to minimize the risks posed.

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May 03, 2024, 05:58:16 AM
 #130

~snip~
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would not recommend such people. Because investment should always be at your own risk. Don't invest in other people's decisions. But yes one can get experience from me about investment and follow all investment strategies but he will invest with decision from me and in case of loss of that investment I will compensate him which I will never accept. Here he takes a decision from me if he invests and gets a lot of success in that investment then he will not give me any part of his profit but whenever he suffers loss it is never acceptable why I should be compensated. If he agrees to give me a share of the profits, I will be willing to take this risk.
if this is the attitude of the person ? nope never that I will recommend her or even teaches
how to invest because look at that behavior , they wanted to have a secure investment , they
don't wanna lose but they wanted to gain ? that is completely stupidity here in bitcoin investing
because all of us here have risked and spend our time and knowledge here and what we are gaining
now is the product of our own strength and power because we trusted this market that in future may
change our life.
Investing always requires your own willpower Never invest without your own willpower. Also investment should always be done at own risk and should not rely on investment decisions of others. I don't give investment advice to anyone because if someone invests on my advice and gets hurt by that investment, no matter how much he loves and cares for me, his love for me will diminish even a little bit because he will always feel that he got hurt by investing on his advice. If someone seeks investment advice from me, I advise him on all investment strategies so that he can invest at his own risk because if he loses the investment, he cannot blame anyone.

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May 03, 2024, 06:50:24 AM
 #131

It's hard like that; unless he agrees to share the profit 50/50, I'll agree. Also, if you shared with him about Bitcoin, it's up to him if he wants to invest. Then you should assume that there is still a risk associated with it.

I think you should discourage him from the beginning from investing if he is not ready for any circumstances that he may face there.



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