I gave my friend the right advice about investing in Bitcoin.

[Rengga Jati]

......I first tried to give him a lot of ideas about investing and also told him that investing would never guarantee him profit, but still he agreed to invest. He started investing a few months ago and till now he has been continuing his investment consistently. ....

The key is here.
When you explain about investment, there must be pros and cons. You've given what I consider very wise advice about Bitcoin, not only by exaggerating the advantages and potential profits, but also by emphasizing the risks. Thus, he fully understands the risks and potential downsides.

Therefore, because he has genuine intentions, you're confident that he will continue to learn in the future. Moreover, you mentioned that he has been doing it more consistently. This will be much better. Furthermore, someone with good financial skills, driven by a desire and openness about investment, will be much more prepared to learn and explore Bitcoin.

[Awaklara]

I don't know how it is for everyone else, but I personally really like it when I give advice to someone and they benefit from it.

I do not dare to convince someone to invest in Bitcoin. If someone asks about Bitcoin and investment or trading, I can share experiences and basic knowledge. But I will not convince someone to start investing unless they themselves have gained confidence after much consideration. 
Even though they know investments can potentially lose, there is a certain emotional burden when friends or people close to us lose money because of our advice. 
Sharing experiences is enjoyable, but perhaps there is always a limit that must be applied.

[mcdouglasx]

I personally don't like to advise my circle on money matters. If they ask me, I only give my opinion based on what I think. I wouldn't want to give advice on something and have it go wrong; it wouldn't be pleasant for me because I would feel guilty. Besides, this can cause enemies, so I think it's better to stay out of it. I'm not saying you can't promote Bitcoin, but do it from your own experience and perspective, without telling them to do this or that.

[Rikafip]

OP, What you did by advising your friend on how to invest on bitcoin is a good one, but what you did that is not satisfied by me is the fact that you told him that "investing would never guarantee him profit", you use the word NEVER, for me that is a false and a fallacious statement you would want to give anyone as a form of advice, because how will you tell somebody that this thing will never give you profit but yet the person finds it interesting to still invest in what will never give him profit.

There is nothing  wrong in the statement than investing never guarantees profit, as it simply doesn't. Not investing in stocks, not investing in gold and not investing in bitcoin.

because how will you tell somebody that this thing will never give you profit but yet the person finds it interesting to still invest in what will never give him profit.

Not guaranteeing profit and never getting profit are not the same things.

[AmaGold70]

When you have a trusted friend, there is nothing wrong telling him or her how to benefit from a particular business that you are into. However, making profit from bitcoin is beyond just investing in bitcoin. Those of us who have been into investing in bitcoin knows that bitcoin mostly reward patient investors, and is not a get rich quick scheme, but with long term investment strategy, your financial goal can be achieved. Besides, the security of your bitcoin investment is a major area to consider as you engage in the journey of your bitcoin investing, once you compromise the security of your bitcoin, you stand to risk or loose your goals, and objectives. You do this by choosing a good wallet, and keeping your seed phrase or security keys safe, and secured without exposing it to a wrong person.

[Ahli38]

I don't know how it is for everyone else, but I personally really like it when I give advice to someone and they benefit from it.

I personally feel very happy too when advising others to invest in Bitcoin. And I’ll tell them about Bitcoin when they show interest in it. Encouraging others to learn about Bitcoin is something worth sharing so that people can benefit from it. And advising others to invest in Bitcoin is also necessary to ensure long-term profitability. The recipient of this Bitcoin information will certainly be very grateful for it. As for the person sharing the information, where they will be very happy when the person they advised benefits from it. But we also need to remind people to do so at their own risk because not everyone may be able to hold on when Bitcoin’s price drops.

[Spaceman1000$]

OP, What you did by advising your friend on how to invest on bitcoin is a good one, but what you did that is not satisfied by me is the fact that you told him that "investing would never guarantee him profit", you use the word NEVER, for me that is a false and a fallacious statement you would want to give anyone as a form of advice, because how will you tell somebody that this thing will never give you profit but yet the person finds it interesting to still invest in what will never give him profit.

There is nothing  wrong in the statement than investing never guarantees profit, as it simply doesn't. Not investing in stocks, not investing in gold and not investing in bitcoin.

because how will you tell somebody that this thing will never give you profit but yet the person finds it interesting to still invest in what will never give him profit.

Not guaranteeing profit and never getting profit are not the same things.

You can go and read back the OP's statement, he said, "profit is never guarantee", and that is the statement I found issues with, you don't tell a Newbie such kind of statement, you can tell them how volatile the market is, you can tell them not to always expect profit because of the market volatility, but with patience, the market will bounce back and they will make profit, and that's the beauty of investing in Bitcoin. However you might not really see it the way am seeing that statement, and that's the beauty of we having divergent views and opinions.

[YOSHIE]

I don't know how it is for everyone else, but I personally really like it when I give advice to someone and they benefit from it.

In the early days I understood Bitcoin and after I learned how Bitcoin works, both trading, investment and so on, I was proud to teach people about Bitcoin, plus some of them were successful and successful in investing in Bitcoin, that happened inin 2017.

Honestly I also feel proud for those who succeed, meaning what I say is really real, even though I myself haven't succeeded like they did, but it doesn't matter it's an experience and lesson for me, the point is I really did well to understandthey're about Bitcoin.

But not anymore, I'm too lazy to teach him.

[ContentWriter]

Too many stories. How are you sure there won't be a bear market tomorrow and you come back with another story of how your friend was disappointed in your investment advice. I think you should also make that your friend understand that Bitcoin won't make hime rich overni9ght unless he is already rich in fiat. Even at that, he'd have to invest a lot of money before he would start seeing impressive gains in a bullish cycle.

[Rikafip]

You can go and read back the OP's statement, he said, "profit is never guarantee", and that is the statement I found issues with, you don't tell a Newbie such kind of statement

On the contrary, that's the exactly something that everyone that is new in investing has to hear. Because profit simply isn't guaranteed. Nothing is, except death (and taxes).

[uchegod-21]

You've done well op, but your role in your friend's life will be complete if you tell him everything he needs to know, I mean everything; including the unpleasant aspect of investing in bitcoin. A time will come when bitcoin will get very bearish that he may begin to think that he is not making any progress with his investment and that he may be at loss. Let him understand that it is very normal, that bitcoin rewards patience. Instead of panicking in times like that, he can consider that period as a time to buy more at discounted price. If you know what you are doing, you will understand that there's no bad season, just know what to do.

Also let him know that there are security risks. Scammers are always at alert looking for who to steal from. He must never disclose his seedphrase for any reason, not even to you. Educate him about phishing links/sites and how to protect his wallet. Let him understand all of these so your joy will be complete.

[DiMarxist]

Nice advice at least, what I like about what you told the OP were due to the fact that, you were plain and didn't hold anything back from this your friend. You were able to tell this your friend that investing in Bitcoin doesn't mean that you were going to be making quick gain. It a process which takes time before one can be thinking about bringing profit in your investment. This is one area that has been highly misunderstood by new investors who has not been granded about about Bitcoin investment.

[Nahl]

When you were told to your friend that investing doesn't guarantee to gets profit i think this is a good advice because at least before decided to became an bitcoin investor he know the risk too and the best part is although the friend know the risk he hasn't stopped to accumulate his bitcoin and in my opinion the words about investing for fun mean your friend will be ready to faced up all about of the possibilities regarding bitcoin whether it profitable or not and i have to says it's glad to have friend who support bitcoin because at least we will see more people believe in bitcoin but some people have decided to quit from the market because the pressure when holding bitcoin for long term is too hard especially for bear market so, hopefully your friend doesn't give up early

[Sammye3]

It must really feel nice helping someone and it turns profitable. Your friend must have a stable income to keep investing in bitcoin consistently, such investment must be for long term which is actually the best profitable. This should be a bit of motivation to people who still contemplate on investing in bitcoin, some for its current price (high price) and others for personal reasons. Bitcoin is a future project, not a daily income activity that would always pay off.

[joeperry]

That's a nice story, personally whenever someone is asking me about investing or trading in Bitcoin I always told them that it's risky and profit doesn't guarantee and most of them actually stop or didn't continue but there also some few who tried to invest and some of them managed to have some profit so I really understand and feel you and it's really feels nice that you shared some knowledge and you're being transparent to them because I know some people who tried to encourage people to trade or invest and guarantee profit (even there's no such thing) without risk where in fact what he's after is referral, on the other hand what I'm after is to share knowledge and transparency in crpyto space and it's such a nice feeling to see other succeeds too without anything in exchange.

[CryptSafe]

Based on the timing, your advice would work perfectly for your friend and I also believe he has begun to see a little profit on his investment if he bought as at when you actually advised him to because he must have bought low by then and now that the price of Bitcoin is increasing gradually, he must have had some little profit in return for his investment and I believe that is the reason why he is still increasing his portfolio by wanting to purchase more of Bitcoin according to his capacity and funds he has made available for the investment.

[Fiatless]

Too many stories. How are you sure there won't be a bear market tomorrow and you come back with another story of how your friend was disappointed in your investment advice. I think you should also make sure that your friend understands that Bitcoin won't make him rich overnight unless he is already rich in fiat. Even at that, he'd have to invest a lot of money before he would start seeing impressive gains in a bullish cycle.

He didn't do anything wrong to introduce his friend to Bitcoin. The community wants more people to adopt Bitcoin and he did well to introduce it. However, it is important to tell him the truth about Bitcoin. He shouldn't think that Bitcoin would make him rich overnight. It is also essential for him to learn how to protect his wallet. Some people become anti-bitcoin when they lose their coins due to hacks or scams.

[Zoomic]

Given that Bitcoin is at a discount now at its current price; judging from its ATH, your advice may seem a good one. If you had advised your friend and he bought Bitcoin late last year, I'm not sure you would be in good terms with him by now 😏. He would be thinking you advised him wrongly because obviously he would've bought the top and be in loss now. Anyway, it's good to know that you've made your friend know that it's not all rosy with Bitcoin investment and that investors do suffer excruciating pains from losses. The loss part is the first thing I tell anyone asking to be brought into Bitcoin investment. It's so they know, to avoid unnecessary blames.

You are definitely right here. Both op and his friend are lucky that their timing was coincidentally right. Assuming they entered earlier in the $100k to $120k region, the story would have been different by now.
The only safe escape of Op would have been the fact that he warned his friend that bitcoin investment is not all roses. He did very well and that is also the path I take.

I have seen some people persuade others to start bitcoin investment by exaggerating matters as if they have a commission or referral to earn from their investment. It is high time we began to talk other advantages of bitcoin while telling people about it, rather than only the profit aspect of it.

I don't even know if this is the best time to encourage people to buy since many are projecting that bitcoin will return to the places of $40k.

[pawanjain]

The thing is that advice is taken in a positive/negative way only after the result is announced.
In case the end result is positive then the other person will be happy with the advice.
In case the end result turns out to be negative then the other person gets furious and some even abuse the one who gives the advice.
In this case, its good that the other person started investing when bitcoin price was still on the lower side.

[Muba20]

Someone is advised on something and benefits from following that advice, the advisor feels proud of it and when it is someone close to him, it is even more gratifying. There is really nothing to hide when it comes to investing in Bitcoin. If someone can understand this, then he will definitely do well. But if for some reason he lacks knowledge or loses after investing without proper knowledge, then the opposite reaction may occur. I try to know someone's financial situation before advising them on Bitcoin. I encourage them to review both its positive and negative aspects about Bitcoin well. Especially when I can explain to them well about what kind of obstacles can come if they invest in Bitcoin, I also inform them about the potential benefits of investing. Not everyone will be suitable for Bitcoin investment, but if there is someone close to them, everyone should provide this message to them.