What should you know before recommending Bitcoin to a friend?

[Nothingtodo]

In my case, I do not feel the need to give advice because I do not want to get into a situation where I am in danger by giving advice to friends who do not have any knowledge about Bitcoin. Since Bitcoin is a risky investment, if I advise them to make this risky investment and they fall into losses after investing, they can directly hold me responsible for it. Moreover, they have to be very aware of the preservation of their Bitcoin wallet. Moreover, if they are not aware of the Bitcoin wallet, then for some reason, if the people I suggested to invest in lose their Bitcoin forever, they can blame me for the rest of their lives. So I do not want to create a situation where I blame myself by advising my friends.

[arwin100]

In my case, I do not feel the need to give advice because I do not want to get into a situation where I am in danger by giving advice to friends who do not have any knowledge about Bitcoin. Since Bitcoin is a risky investment, if I advise them to make this risky investment and they fall into losses after investing, they can directly hold me responsible for it. Moreover, they have to be very aware of the preservation of their Bitcoin wallet. Moreover, if they are not aware of the Bitcoin wallet, then for some reason, if the people I suggested to invest in lose their Bitcoin forever, they can blame me for the rest of their lives. So I do not want to create a situation where I blame myself by advising my friends.

At this point, I think there's no need for us to recommend Bitcoin to anyone.

Much better if they start to learn it, since situation is so complicated if we are the one will start for pointing out Bitcoin. Especially if we talk about investment matters.

There are so many information spreading about it, if they didn't pay attention on Bitcoin existence. Even if they know it exist, then I guess they are not truly interested to learn about this coin.

So I really understand you, towards you don't want to be blame on that matter. Since I experience that situation, then that make me realize its wrong to suggest this one, to people thinking about they can earn easy profits.

[Cricktor]

It might have been said already in this thread (I followed it from the beginning but can't remember all that has been said). Why not introduce a friend with all sides of Bitcoin but let him explore it with Testnet coins first? A decent wallet should support Testnet (commonly both Testnet3 and Testnet4 and later be upgraded when successors of Testnet4 emerge).

There are well known faucets for both Testnet3 and Testnet4 and it's not rocket science to accumulate some coins to pass to a friend who you want to introduce it. Basic handling of transactions, wallet recovery testing, all can be easily done with Testnet coins without fear to mess up and loose money.

Unfortunately Testnet4 is very fucked up with ridiculous forking and selfish-mining of basically empty blocks which isn't a great showcase for newcomers. I didn't have to use Testnet3 for quite some time, so can't say much about usability currently. Though, I don't expect Testnet3 to behave any nasty like it's with Testnet4.

[SOKO-DEKE]

In my case, I do not feel the need to give advice because I do not want to get into a situation where I am in danger by giving advice to friends who do not have any knowledge about Bitcoin. Since Bitcoin is a risky investment, if I advise them to make this risky investment and they fall into losses after investing, they can directly hold me responsible for it. Moreover, they have to be very aware of the preservation of their Bitcoin wallet. Moreover, if they are not aware of the Bitcoin wallet, then for some reason, if the people I suggested to invest in lose their Bitcoin forever, they can blame me for the rest of their lives. So I do not want to create a situation where I blame myself by advising my friends.

Normally, advising someone to invest in Bitcoin is not the right approach because it may seem as though someone is trying to force them to invest. The best approach is to educate them about Bitcoin. If they understand it properly, they will be convinced and make their own investment decisions.However, the fact is that there are some people close to us whom we may genuinely want to see invest in Bitcoin, such as our close friends. Advising them to invest may be a good idea because you already understand Bitcoin and know what to teach them and what information to share before giving them such advice.

As long as someone explains the important aspects of Bitcoin and the risks involved, I don't think anyone will hold them responsible if things don't eventually go as expected, because they have already explained the risks involved.Therefore, when advising friends or people close to you to invest in Bitcoin, it should not be in the form of convincing or pressuring them. It should simply be normal investment advice, allowing them to understand Bitcoin and make their own decisions.

[Luzin]

Therefore, when advising friends or people close to you to invest in Bitcoin, it should not be in the form of convincing or pressuring them. It should simply be normal investment advice, allowing them to understand Bitcoin and make their own decisions.

So right now I never invite my friends to do what I do, investing in crypto. I feel guilty because I once invited friends and they couldn't hold on and then lost a little money. They couldn't persevere and chose to work with a smaller risk working with exertion and getting a salary every month. Indeed, they don't blame me because initially I had explained the potential bad risks that could happen. So they actually understood, but I still feel quite guilty. Right now I have become quiet toward people who try to find out and prefer to answer that I don't understand what they are saying.

[panjul07]

Therefore, when advising friends or people close to you to invest in Bitcoin, it should not be in the form of convincing or pressuring them. It should simply be normal investment advice, allowing them to understand Bitcoin and make their own decisions.

So right now I never invite my friends to do what I do, investing in crypto. I feel guilty because I once invited friends and they couldn't hold on and then lost a little money. They couldn't persevere and chose to work with a smaller risk working with exertion and getting a salary every month. Indeed, they don't blame me because initially I had explained the potential bad risks that could happen. So they actually understood, but I still feel quite guilty. Right now I have become quiet toward people who try to find out and prefer to answer that I don't understand what they are saying.

I can understand it and I think you have made the best decision because something good for us does not always mean will be good as well for others.
Feeling guilty is natural when our friends lose some money because of the thing we introduce to them although we have told them about the risk beforehand.
I'd say that we are lucky enough when our friends lose some money but they do not blame us after we introduce/encourage them about bitcoin because some people may blame us and a friend might even start distancing themselves from us because of something like this.
Honestly speaking I agree with your decision as it is also what I do (avoid to encourage others to invest in bitcoin).
Even if they ask about it first, I prefer to tell them to learn about it by themselves or try to find more experienced person they can trust.