Lucius
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April 26, 2024, 10:18:01 AM |
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~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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hitsnorth
Jr. Member
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April 26, 2024, 10:26:54 AM |
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~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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Questat
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April 26, 2024, 10:49:58 AM |
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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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EluguHcman (OP)
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April 26, 2024, 11:19:26 AM |
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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 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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retreat
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April 26, 2024, 11:20:44 AM |
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-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.
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jcojci
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April 26, 2024, 11:33:18 AM |
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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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yazher
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April 26, 2024, 02:01:54 PM |
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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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Plaguedeath
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April 26, 2024, 02:39:57 PM |
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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](https://bitcointalk.org/Smileys/default/wink.gif)
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Hypnosis00
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April 26, 2024, 02:57:38 PM |
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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.
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Gozie51
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April 26, 2024, 02:58:47 PM |
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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.
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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Rabata
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April 26, 2024, 03:00:18 PM |
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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.
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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Lucius
Legendary
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Crypto Swap Exchange🈺
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April 26, 2024, 04:16:31 PM |
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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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Yatsan
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April 26, 2024, 04:41:59 PM |
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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.
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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RockBell
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April 26, 2024, 05:09:16 PM |
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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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Y3shot
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April 26, 2024, 05:09:20 PM |
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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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Roser bouce
Newbie
Offline
Activity: 13
Merit: 0
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April 26, 2024, 05:12:53 PM |
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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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GiftedMAN
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April 26, 2024, 05:34:51 PM |
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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.
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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red4slash
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April 26, 2024, 06:00:29 PM |
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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.
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electronicash
Legendary
Offline
Activity: 3192
Merit: 1054
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April 26, 2024, 06:17:47 PM |
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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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Gaza13
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April 26, 2024, 06:38:54 PM |
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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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