If someone you introduced to BTC says the risks of her funds is on you

[oktana]

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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[AmoreJaz]

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.

[SatoPrincess]

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.

[lovesmayfamilis]

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.

[rodskee]

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]

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.

[GreatArkansas]

(....)
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.

[BlackBoss_]

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.

[Cvetik56]

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.

[Crypt0Gore]

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.

[peter0425]

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.

[m2017]

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.

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.

[ultrloa]

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.

[AVE5]

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.

[bakasabo]

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.

[Blitzboy]

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..

[Helena Yu]

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.

[Nrcewker]

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.

[Marvell1]

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.

[joeperry]

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.