The best advise given to a friend that needs to invest in any scheme .

[Somto9Light]

, he agreed with me and he have started investing because he said that he doesn't want bank people should be deducting from his bank account, and even since that friend of mine that is a farmer has been thanking for adding another skill to him joined to his farming work, so i want know if actually i did the right thing by introducing him into Bitcoin investments?

You mean your friend started thanking you when he haven't tested the profit? or for recommending him to invest into bitcoin? Well whatever the case May be I think you did the right thing but if only him would keep to those things you told him about bitcoin investment without doing the one he have in mind because this is how most newbies do probably after giving them the scoop about bitcoin investment they can choose to do whatever they feel like behind your back. maybe after they most have messed things up by themselves then they will have you to be blamed for bringing such suggestion in the first place, I just hope your friend is not this type.

[Pearl_20]

Yes, you did the right thing. Some friend's would rather offer bad advice or even advice their friends to invest in things that wouldn't yield any profit for him .

But he also needs to understand that when it comes to Bitcoin he has to be patient, not like he will start seeing the result almost immediately he invest..

[Iamgoat]

The first thing here that's important is that he came to you for advise and was willing to learn about Bitcoin, it's more easier for someone to understand crypto when they concentrate and their mind is fully made up. If you were the one that went to him and tried to convince him then I don't really support that. There are lots of people like this that are looking for something to make money from passively, the world has gone digital and making money now isn't all about doing a lot of hardwork. Those that have taken advantage of the crypto market are now enjoying the benefits of it

I agree with you you totally on this one. When someone comes to you in search of a knowledge, the person tend to be more serious than whoever you go to. First of all, the person who came to learn from you must have developed the burning passion to gather such knowledge before approaching you in the first place. If you were the one approaching him, whatever you say or teach such person can be taken with a pinch of salt.
Everybody is search of knowledge today knows how to go get it even if it as far as China but is not always the same experience for those who you went to meet to teach the knowledge . Even the shoalin and taekwando students go to the school to learn how best to play such martial arts and  you don't expect them to sit at home where their masters come home to teach them.

[Princess Leah]

Your friend asked you about Bitcoin, which means he already has little knowledge about it. You have done well by giving him the guide on how to acquire Bitcoin, but there are a few things which you did not mention here that I consider important if you want to be honest with any investor.

I hope you did not forget to tell him about how profit is not always counted; sometimes the market can be against him, and he will see his capital reducing and how to react in such situations. And I also hope you did not forget to educate him about the importance of security in his holdings in order for him not to lose it to hungry scammers.

Everything you've just said is true, when explaining things concerning Bitcoin investment to newbies you ought to be very specific and help them understand in details what they're about to embark on so while telling them the advantage of investing on it, you ought to let them know the possibille threats they might encounter that would hinder their investment.

 Newbies don't need to learn everything at once but they ought to understand the basic stuffs which involves how to buy, where to buy, how to secure their coin, and where to secure it, then along the line they'll learn how to be consistent, how to take advantage of the market etc however helping newbies understand the basics is very important.

[Rockson1]

For someone that is is still new to bitcoin you must tell him about the risks involved as well...A lot of people teach newbies about Bitcoin and don't tell these people are mentoring about that dangers of crypto currency...it's possible to make profit and it's also possible to lose...fee months ago Bitcoin was at ATH but as at today the market  isnt the same, the price is going down and people have lost a lot of money

Very well said, the risk thats associated with Bitcoin investment shield be among the first thing to tell a beginner so that he won't be thinking that once he invest, he will blow immediately, newbies think some how funny, some of them already have it in mind that bitcoin investment will give them all they want in a short period which we know that, such thinking is not possible.
If I am to advise anybody to invest in bitcoin whether the person is my friend or not since I know that if I don't explain things to the best of my knowledge to them, blame might come at last, i will take it upon myself to make sure the understand everything involved and allow them to take the rest decision.

[Youngrebel]

E dey good to tell people about bitcoin and when dem want to invest you go tell dem di risk. And ask dem which of the plans dem dey interesting. Na di long term plan or di short term plan because many people think say bitcoin na like get quick rich scheme so some of dem go like to sell within weekly or monthly so you have to go deeply to explain many things to dem so that dem no go misunderstand di investment thing.
One mistake dey do in the investment process, dem go blame you for not guiding dem properly. And don't rush them to invest and if you know say dem go chop di money, you go fit buy keep in your wallet and wen di person Sabi well well, you go fit send give am. And di advice wallet na non custodial wallets.

[Mate2237]

Your friend asked you about Bitcoin, which means he already has little knowledge about it. You have done well by giving him the guide on how to acquire Bitcoin, but there are a few things which you did not mention here that I consider important if you want to be honest with any investor.

I hope you did not forget to tell him about how profit is not always counted; sometimes the market can be against him, and he will see his capital reducing and how to react in such situations. And I also hope you did not forget to educate him about the importance of security in his holdings in order for him not to lose it to hungry scammers.

Yes that's True it's a good thing that you introduce yourself friend to Bitcoin investment because it will be better if you explain everything to him since he is a new comer to the crypto space, because one thing that I have noticed is that people always don't tell newbies everything about Bitcoin investment they only tell them about the profit that they can make without telling them that Bitcoin investment is like any other business that can also record loses.



To give these newbies who are intending to come into the crypto community it's better that they get to know the details on how Bitcoin works especially the bull and bear run so that they can know when to invest or buy and even for long term investment plan.

[Skydrill]

Your friend asked you about Bitcoin, which means he already has little knowledge about it. You have done well by giving him the guide on how to acquire Bitcoin, but there are a few things which you did not mention here that I consider important if you want to be honest with any investor.

I hope you did not forget to tell him about how profit is not always counted; sometimes the market can be against him, and he will see his capital reducing and how to react in such situations. And I also hope you did not forget to educate him about the importance of security in his holdings in order for him not to lose it to hungry scammers.

I totally agree with ur analysis on what he should have told his friend who inquired of him concerning possible investments on Bitcoin, I think its very important for the person who intends to invest to have a full knowledge of the stuff he intends to invest in, he has to understand that investing in Bitcoin doesn't mean you will start making huge profits overnight and he needs to understand that  patience and perseverance and learning is required for him to get the required dividends in Bitcoin, if he doesn't know all these then he might feel discouraged shortly after investing.

[Jubilee58]

You have done well by introducing your friend to invest in bitcoin.
This is why is advisable to have more than one stream of income, because it will enable you to gain financial stability.
Now, there is one thing to note in business, every business Carry's risk , and as an investor, you should be properly guided should in case you see something different from your original expectations.

Of a truth bitcoin is a lucrative investment, is an asset that everyone wishes to have and it is not without risk.

Investing in bitcoin requairs courage and patience and that's why holding it for a long time is the key.Bitcoin have been on the rise since inception till date couple with the growing adoption, it is believed that bitcoin has more to do even in the future.

[POPOLUV]

For someone that is is still new to bitcoin you must tell him about the risks involved as well...A lot of people teach newbies about Bitcoin and don't tell these people are mentoring about that dangers of crypto currency...it's possible to make profit and it's also possible to lose...fee months ago Bitcoin was at ATH but as at today the market  isnt the same, the price is going down and people have lost a lot of money

Very well said, the risk thats associated with Bitcoin investment shield be among the first thing to tell a beginner so that he won't be thinking that once he invest, he will blow immediately, newbies think some how funny, some of them already have it in mind that bitcoin investment will give them all they want in a short period which we know that, such thinking is not possible.
If I am to advise anybody to invest in bitcoin whether the person is my friend or not since I know that if I don't explain things to the best of my knowledge to them, blame might come at last, i will take it upon myself to make sure the understand everything involved and allow them to take the rest decision.

I totally agree with you because the experience i have gathered during the period of telling a friend and family brother that i wish to help so that he/she can eventually grow his Bitcoin portfolio but the first question i do get is that, if they can invest today and start making profit from it the next day, with the explanation i gave them that Bitcoin is not an access that you will embark on today then tomorrow you will start making profit out, and you can making profit from Bitcoin with numbers of years can be able to hold and when the Bitcoin price increases in the parallel market also, many fells so discourage because of the patient of waiting for so long for the Bitcoin to accumulate profits, respect to all my investors because indeed you are risky bearers.

[Rockson1]

I totally agree with you because the experience i have gathered during the period of telling a friend and family brother that i wish to help so that he/she can eventually grow his Bitcoin portfolio but the first question i do get is that, if they can invest today and start making profit from it the next day, with the explanation i gave them that Bitcoin is not an access that you will embark on today then tomorrow you will start making profit out, and you can making profit from Bitcoin with numbers of years can be able to hold and when the Bitcoin price increases in the parallel market also, many fells so discourage because of the patient of waiting for so long for the Bitcoin to accumulate profits, respect to all my investors because indeed you are risky bearers.

Those that get discouraged, are not real investment or may be don't have the understanding that as a Bitcoin investor, you must be ready to persevere to grow your investment, Bitcoin investment is not for those that want get now, I think Bitcoin investment defines our usislly saying that there is dignity in labour, and patience is a virtue, we must learn how to go by the rules, Bitcoin investment is not an investment that we should approach with the mindset that once we invest today, we will get rich as fast as possible, people with such mentality gets fade up easily, this investment is a gradual process, we must learn to invest with our discretionary income always to remain fit investment, I think this might even be the reason why some investors don't keep up with their investment to the end, some of them don't figure out good ways to invest in Bitcoin and hodl for a long term.

[Spaceman1000$]

I totally agree with you because the experience i have gathered during the period of telling a friend and family brother that i wish to help so that he/she can eventually grow his Bitcoin portfolio but the first question i do get is that, if they can invest today and start making profit from it the next day, with the explanation i gave them that Bitcoin is not an access that you will embark on today then tomorrow you will start making profit out, and you can making profit from Bitcoin with numbers of years can be able to hold and when the Bitcoin price increases in the parallel market also, many fells so discourage because of the patient of waiting for so long for the Bitcoin to accumulate profits, respect to all my investors because indeed you are risky bearers.

Those that get discouraged, are not real investment or may be don't have the understanding that as a Bitcoin investor, you must be ready to persevere to grow your investment, Bitcoin investment is not for those that want get now, I think Bitcoin investment defines our usislly saying that there is dignity in labour, and patience is a virtue, we must learn how to go by the rules, Bitcoin investment is not an investment that we should approach with the mindset that once we invest today, we will get rich as fast as possible, people with such mentality gets fade up easily, this investment is a gradual process, we must learn to invest with our discretionary income always to remain fit investment, I think this might even be the reason why some investors don't keep up with their investment to the end, some of them don't figure out good ways to invest in Bitcoin and hodl for a long term.

I agree with the point you've raised, the Bitcoin investment adores patience and patience is a virtue, the Longer you hodl, the more your asset grows, so this eliminates the idea of getting rich quick, because Bitcoin doesn't encourage that. Those that have so far benefited from their Bitcoin investment, are those who have remained steadfast in their quest to hold for a longer time, that's why people that have had the experience on Bitcoin investment are always emphasizing on that. However discretionary income plsys a major role, because it is an investment you should be doing for a long time so investing with discretionary income little by little to helps you grow your portfolio.

[Rockson1]

I agree with the point you've raised, the Bitcoin investment adores patience and patience is a virtue, the Longer you hodl, the more your asset grows, so this eliminates the idea of getting rich quick, because Bitcoin doesn't encourage that. Those that have so far benefited from their Bitcoin investment, are those who have remained steadfast in their quest to hold for a longer time, that's why people that have had the experience on Bitcoin investment are always emphasizing on that. However discretionary income plsys a major role, because it is an investment you should be doing for a long time so investing with discretionary income little by little to helps you grow your portfolio.

Your asset might as some point drop as you continue hodling but it will either go up to the value it was or even grow more than that, what we all need is to continue our investment, getting rich quick is never what we know Bitcoin investment as, is as if some people don't learn as they continue to acumulate Bitcoin.
I don't know why some intending investors use to think that everything about digital asset is those ponzi scheme, where they are been deceived and get scammed of their money Bitcoin is a real investment that requires us to invest with what we can conveniently invest with steadily, just as you pointed out, the disreatinary income makes it easy for any investor to invest in Bitcoin, is just a matter of identifying it.

[hypernovafsk]

A similar setuation like this happened to me. But in my own case.
My friend is always indoors working on his laptop and phone you hardly see him outside. On a normal I was supposed to asked but I made my own assumptions telling my self this guy is into scam for home to be on his laptop all day smile. I don't really want to engage my self with scam so I stayed away from him not knowing he was actually working on bitcoin.

I use to know my friend having interest in farming too but he has no capital to invest on it, suddenly my friend rented a very large farm started farming. I was like Omo bro this your Yahoo dey pay oo he laughed at me and said bro I no dey do Yahoo oooo I was like what do you do he said I do bitcoin. I said whaat bro bitcoin dey pay like this and that was how he put me through and I started learning. Thank God.

[Progress101]

There are many people out there that have enough discretionary income but they don't know the best investments should embark on till one day a friend of mine that is a farmer and i know that he has been gotten profits through his farming work, he came to me and ask me if he should invest in Bitcoin investments how can he gain more profits because he has been reporting his discretionary income to the bank without having a profit instead he do received debit all the time from the bank, then i started explaining how Bitcoin works and how he gets more profits once he starts accumulating his Bitcoin,  i want ahead showing and telling how dollar cost average have make it easier for newbie to buy gradually by gradually when comes to buying of Bitcoin, he agreed with me and he have started investing because he said that he doesn't want bank people should be deducting from his bank account, and even since that friend of mine that is a farmer has been thanking for adding another skill to him joined to his farming work, so i want know if actually i did the right thing by introducing him into Bitcoin investments?

The question is asked as if investing in Bitcoin is bad thing, lol. He approached after noticing a problem with the way he manages his finances and he requested for help, you as a friend introduced him to something of value. We also know the value of Bitcoin, I mean if you compare the rate out which people invest in crypto now, compared to years back you will get why I say we all know the value of Bitcoin now, at least to a certain degree.

Nevertheless, You introduced a friend to an investment, I'm just hoping you also introduced him to the ups and downs that's come with investing in Bitcoin. There is a neighbour of mine, when he moved in 2 years ago he was balling almost every night, now he is asking me for groundnut oil, when I asked him howfar, he said all his money went into buying alt coins and right now the market isn't doing him any good. 
Bottom line, in as much as you have introduced him to a good things, also introduce him to the downs of it, because at some points everybody goes through that experience.

[Asiska02]

so i want know if actually i did the right thing by introducing him into Bitcoin investments?

I surprise say you dey ask whether na better thing you do for your friend as you invite am make him also take part in bitcoin investment. If no be better thing then wetin e come be? Shey person wey invite you come no do better thing for you as them tell you about am? Na so you go reason this one too join.

You don play your own part as you sit down explain give am how bitcoin investment take they work and on how him as a newbie go take take advantage of the investment and make the best out of am through make him dey invest gradually with the DCA method. Na him remain now on how him go take manage him investment and make am grow gradually till e reach its profitable state.

Normally, bitcoin investment no hard to explain give person and e dey very transparent too. Na people wey be say them dey overdo or dey ignorant and no wan ask dey make the thing look like say e dey complicated and hard to invest into or no dey profitable at all. Bitcoin investment dey very explanatory and understandable even to a layman if them really was invest into am.

[Creeper0]

Risk management was not given importance in your speech, I think your friend should be informed about risk and risk management and should be helped to gain knowledge on this subject. Another thing is, before entering Bitcoin in the hope of making a profit from Bitcoin, warn them that Bitcoin investment also has risks and there is a possibility of loss, so advise them to invest in an amount that they can easily lose. Don't forget to inform about the long term. Besides, you did the right thing by advising your friend about Bitcoin.

[Cryptoprincess101]

Bitcoin is not a skill as you stated in your write up, it is an investment so you should take note of that. Introducing someone into bitcoin is not a problem but have you settled down and teach him more things he needs to know about bitcoin? because if he only invested with the mentality of making profits, what about the bearish days, can he be able to hodl when the market is depreciating. Have you also taught him how to protect his wallet and how important his seed phrase is, and for him to keep it in a secret place where only him can get access to it.
     I still want to emphasize more on the need for him to know about the market changes so that he doesn't become emotional and you also need to tell him that bitcoin investment is for a long term and not just something he will invest and want to make profits within a short interval of time.

[POPOLUV]

Bitcoin is not a skill as you stated in your write up, it is an investment so you should take note of that. Introducing someone into bitcoin is not a problem but have you settled down and teach him more things he needs to know about bitcoin? because if he only invested with the mentality of making profits, what about the bearish days, can he be able to hodl when the market is depreciating. Have you also taught him how to protect his wallet and how important his seed phrase is, and for him to keep it in a secret place where only him can get access to it.
     I still want to emphasize more on the need for him to know about the market changes so that he doesn't become emotional and you also need to tell him that bitcoin investment is for a long term and not just something he will invest and want to make profits within a short interval of time.

You missed understand me because i didn't say Bitcoin is a skill, rather i said that my came to me that you needed to add more skill to his farm work, that is where i have no options that to introduce him to Bitcoin since he has gather so much money from the farm work, so don't miss quote me, and talking about telling him in full detail on how to go about his Bitcoin portfolio and to be able withstand the bear market, believe me that he is doing marvelous well in accumulating his Bitcoin portfolio using DCA strategy.

[Bigjoe33]

There are many people out there that have enough discretionary income but they don't know the best investments should embark on till one day a friend of mine that is a farmer and i know that he has been gotten profits through his farming work, he came to me and ask me if he should invest in Bitcoin investments how can he gain more profits because he has been reporting his discretionary income to the bank without having a profit instead he do received debit all the time from the bank, then i started explaining how Bitcoin works and how he gets more profits once he starts accumulating his Bitcoin,  i want ahead showing and telling how dollar cost average have make it easier for newbie to buy gradually by gradually when comes to buying of Bitcoin, he agreed with me and he have started investing because he said that he doesn't want bank people should be deducting from his bank account, and even since that friend of mine that is a farmer has been thanking for adding another skill to him joined to his farming work, so i want know if actually i did the right thing by introducing him into Bitcoin investments?

Well, introducing to Bitcoin investment isn't wrong, but the place you got it wrong was the area you explained that once he starts accumulating Bitcoin, he starts making profits. Of course, it doesn't work that way as Bitcoin is very volatile, meaning the price can even fall below his entry price, and when this happens, what will happen to your friends investment, or what will your friend think of you, since you didn't tell him about the ups and down of Bitcoin.

You must share that main point about Bitcoin investment which is that it is very risky and highly volatile. This part must not be missing as such information or knowledge helps to prepare your mind properly about what you will face always in your investment, and that's why you should also tell him that Bitcoin is more promising if we Hodl for long term since the price is not steady. Ensure you tell him the risky part too so that he doesn't call you a scammer when it gets risky