Topic: Am i bad to this friend if i refuse to loan him some money in bad economy (Read 872 times)

 Op the worst any human can do is to displeased itself all in the name of pleasing a friend, I am not saying helping your friend is bad but as much the friend problem is not life threaten selling your Bitcoin to please friend on his pleasure is digging your own grave, you better see someone who want you sell your assets as enemies of progress or success because holding your BTC is your future hope of coming out of financial bondage or slavery.

You have taken the right step by considering your future through investment in BTC one thing you should know is that in every breakthrough trail will come to deprived you if the true success and the trial will not be a far distance one  is better to hold your decision than regret tomorrow.

Remember it's a friend that can course you pain, it better to cut off the friend in peace by applying wisdom than end up cursing you sorrow by selling your future just to borrow him,most time to return back the more may not be as be proposed because the mouth used in borrowing money differs when paying back.

I think you made the right decision when you put in your bitcoin holdings. If you keep something for the future it is better not to touch it. If your friend has financial problems you can help him from other sources of income. As the bull run is going on in the market you can get several times more profit than the current situation. Selling your future assets will never be the right decision and you will face more losses.

Not to generalize everyone, but, if I were you, I wouldn't lend money either. Moreover, the reason is not because it is something that is very urgent and urgent and life-threatening. I don't mean it in a bad way and it doesn't help. However, I certainly have many considerations as to why I acted that way. based on experience that has often happened, no matter how good we are to them, and how often we lend them money, etc., it is actually not really appreciated. In other words, often the borrower is more aggressive and offensive compared to the borrower. We often feel reluctant to collect the money. Or it often annoys us that they are showing off some of the things they bought or going on vacation, but they haven't paid their debt. ha ha ha
that happens all the time. That's why, based on experience, I won't do it again. Debts and receivables with friends can result in the breakdown of our relationships and further loss of contact.

Very good initiative.  I applaud your decision.  And I wonder how good it would be if everyone thought like you.  Such thoughts are not common among everyone.  The decision to invest in Bitcoin is a very good decision without spending money unnecessarily.  Hopefully your money will not fail and if you invest in Bitcoin, it will come back to you more in the future.  Everyone should think like you but everyone's future will be secured and everyone will be more profitable during bull run.  There is nothing better than making yourself happy by gifting yourself bitcoins on every occasion.

We have different perspective in our life and we are all know that through investment we can make a big profit someday then we can buy what we want to buy. Anyways in real life we can not say that we need to hold our coins forever and like what you've experienced is that your friend asking for a loan from you. Then. If I where you is I will make an agreement for that and also we must remember that we use our investment so we need to have profit on this so let ask our friend is he gonna use our money with an Interest so that our money will grow.

While investing can be a great step towards financial freedom, one should also invest without compromising other needs in life, and I think buying some stuffs is not that bad at all as long as you only spend within your means, and you have reserved already for your emergency funds or for future investment.

Now talking about your friend, regardless where he spend his Christmas bonus, that’s already beyond your control.  But the fact that he’s in need right now and you have some extra funds to spare, then I guess giving him a small amount will make him feel good already. Just help when you think you can, no if’s and but’s, the important thing is you were there when he’s in a bad financial situation.

If you're kind, people will take advantages over your kindess.
If you're stingy, no one want to be friend with you.

It's why we need to be in the middle of kind and stingy.

Don't believe in quotes "if you're kind, they will be kind to you" it's really bullshit I've experienced otherwise for many times.

Always think about ourselves first, even you can only afford to loss $1, it's not a problem, just tell him that you can only lend him for up to $1.

Whatever happens, always think for yourself first, its not been greedy, the world is so unfair right now and people don't really care about you, even if they ate your friends.

Watch out for people whose only purpose of being in your life is to use you, they don't really care about what's going on in your own life but they want you to be a problem solver for them.

After my father died, his death have revealed so many fake people in his life, whom he thought were good friends and even in the family, it hurt to even think about it and I've made up my mind to never fall into the same category.

Bitcoin investment are for the top firms and whales in the market. The future can only be bright for those that have taken the bold steps to make things worked for them and not against them. The early times we starts to understand the system, it means we're all ready to adapt to the crucial part of the market, enabling key buttons to generates our expected results. I'm done helping anyone in need because the economic is down and it takes only those category of citizens that have made savings to be able to restrain good order.

To me ,as you said a friend,if you have the money at this present economy challenges and you have the money to loan out and you didn't give him ,yes of course you are wicked, because you have it ,but if you don't have it ,that's a very different view,loan you friend money if you have because you are their as a Friend to help him in terms of their need ,be a a good man to you Friends,let him know you,let your yes be yes ,so that your friends can give accountability of you  even in your absent

With the present economic situation, everyone is faced with his/her own life challenges. Since this isn't a life threatening thing, they can't expect you you to sell your asset for them. What of if you have behaved like them? If you have extra money outside your Bitcoin investment, you can give it out. And if you don't have, then i don't see you as a bad friend for holding to your future.

You're absolutely correct. The fact that he won't lend them money may even lead some friends to see him badly. I think his friend came to him as a good friend to helped him with his financial problem because he knew he had it. Though not everyone deserves to borrow the exact amount they ask for, we should always lend our friends as much money as we can afford to lose. Some friends may beg for money from you out of sympathy, but as soon as the money is in their hand, to pay back is the problem. For some people, it's already deep in their blood that they will have trouble repaying loans they take out. If any of my friend who have the same mindset ask me for a loan like $10, i can even divide it into three since that's the amount I can afford to lose. If you give them money all the time, they'll find a way to take advantage of you.

Your post was so good that I had to merit it. Like you, I am also of the opinion that helping people especially when we are in a position to do so is a good thing. It would only be bad when you don't have enough for yourself but decide to be too selfless and give all out. And yes, everyone is entitled to their own decisions, especially the decisions of OP's friends to get clothes rather than invest. Since only they know why, I can't judge them.



At all times, I recommend giving to others but only on the condition that you're in the position to do so. Because you can't give what you don't have. If you have but it must be left untouched then you have no other option than to deny your friend's request. True friendship won't be determined by the amount of money or loans you can give out to your friends anyway. Also, I don't think selling off your investment to give out a loan to your friend is a wise decision. Even with family, there is a limit as well.

This is just my 2 cents. After hearing people's opinions, you should give it some thoughts, decide and stand by your decision. 

ahh, I can not say anything so sure because I don't know on what basis your friend needs a loan from you I mean where your friend wants to spend the money that he wants from you in the form of a loan but I know that saying no is very difficult but sometimes we have to say "no" because it is necessary. i am not saying that you should say yes or no i am sharing my point of view out of the situation because i feel this may be best for me well get back to the point, i know how much holding matters to the Bitcoin lover i am also holding i know that if you withdraw your some amount at the current time it can disturb your whole portfolio and profit.

Well, buddy if you feel that you should help him and you have some amount available in the fiat money you can also help him because helping others is the name of life you will also feel good after helping your friend. Now, it is totally up to you because you know your friend better than me i can just give a suggestion taking action on it or not is your responsibility. I hope you understand what i am trying to say.

It's a good idea to invest in bitcoins before buying clothes, but you should also remember to get stuff that makes you look good. Investing is good, and I also believe in not putting all my eggs in one basket. You can do different things that give you more in return. 
 
About you helping your friend who used his money for Christmas clothes and shoes; it's not bad to get that stuff too. But if you have the money, I will advise you to help him out. But give what you can easily let go of. 
It's not okay to judge people because we all have different priorities. 
Always feel happy to know you're helping people, and the rewards will come back for you. You can also advise them on how to make more money without lavishing it on things.

You're right, I believe it will be a good idea to lend a friend a percentage of your money. Remember, a friend is a friend, and no matter how wealthy or successful you are today, without friends, you are nothing. If your friend truly needs the money and you can see that he doesn't have any other options, you should lend him some. However, friends should not be trusted, and if they do lend money, it will be difficult for them to repay since they will use their friendship as a justification for not repaying the debt. It is preferable to help a friend because there is no gain in not helping him. However, while you are doing so, keep in mind how much you can afford to lose so that you won't be hurt if he doesn't repay you.

Someone said "Things are so Hard, People are so Hard", I think they meant "Hard Up" the Term for what most People are Right now is "Hard Up" but the Bitcoin Economy is Corrected, so it's not Everyone. And Soon there should be the Adoption of Crypto by Businesses and we will see a lot of Things Happen.

The Reason no one did it yet is because they were looking at Venezuela's Petro Dollar, and that was kind of a long Time ago now and there are a lot of New Things to look at. And Old Things.

Stop expecting other people or friends to support or cheer for you. because half of them can't even support themselves. Understand that not everybody has your best interest in mind be ok with that, not everyone is hoping for you to succeed. and that's not because they are bad people but because they are struggling in this bad economy and when they are struggling, other people's success can seem like a threat to them. don't take that personally but it's good to be nicer and straightforward to anyone closer to you Never can tell the tables might turn around stil been to nice is an weapon for the weakest one

Investment is always good and will always yield good profit if you invested in the right thing. Bitcoin investment has become one of the best investments you can safely do without fear of any third party, you will successfully invest in and get your money anytime you want with profit provided you hold it for long. Bitcoin is a store of value that is why investing in it always end well.

Back to your story! You can lend him the money since he is your friend as you say in order to save your relationship with him, he might not be opportune to invest back then.

The problem that often arises in reality is that most debtors find ways not to pay their loans on time. This is a reality in real life - even some debtors who borrow on forums run away from reality to pay their loans for certain reasons. Someone who comes to you today asking for a loan doesn't always come back with the same attitude when the loan is due - in fact he becomes more cruel than before when you ask him to pay the loan.

There are reasons not to give loans to everyone - but only give them money you can afford to lose, whatever your reason for giving it. I think this is useful advice - but there is always a reason to give some people ^{[friends or family members]} a loan, especially because we know them well.

What I will advise anyone who is into cryptocurrency investment especially Bitcoin investment is that when investing your money in Bitcoin we should do know that investment is all about determination and it might go negatively or positively during the investment so what we have to do is to conscious to understand they can of investment that will give us a profit, I did not tell you not to invest but that's what I've been thinking that you have to have before you invest it don't not necessarily mean that at any point in time you have to use your funds to invest always,  I dispute such.

You're absolutely right man, this topic reminds me about what happened the previous day.my elder brother took a loan form, and he ask me to sign as the guarantor, mean while he has not been of help to me and both the family as well, whenever time I seek for help from him, he always turn me down,considering this whole thing I regretted signing as his guarantor in the first place. however there's this saying that don't allow your past to affect your future,so haven't known this and he really need the money to clear some bills, so in this case I'm the only person who is in the right position to help him,then I decided to sign for him as the guarantor regardless to what happened in the past.

In my opinion, I think you should lend he/her the money but you also should be wise when loaning someone money mostly when it has to do with friendship, money can ruin a friendship so it's best you think twice first before making any decision, secondly from my thought the money should not affect your bitcoin accumulation, or if you're talking the money from your bitcoin investment is wrong, actually I don't like the idea taking out your money from your investment. If the issue is so critical you can recommend a loan app.

One of my primary principle is never collide relationship with money that will always end up bad which I learned from life experiences so I will make myself clear if I don't want to help whoever it is because it can affect me financially then it's okay but basically I don't help in the name of loan, if I am giving money to anyone who is in real need then I really consider it as charity and I never expected that to be returned.

He needs to Apply for a Credit Card or something.

This thing can not work for everyone. Majority you are seeing out there really want to invest too but I also don't subscribe to idea of investing when you are struggling of what to eat. Don't starve yourself simply because you are thinking about the future because the future itself belongs to those who are healthy. Take good care of yourself by eating well and dress nicely before thinking of investing. I understand you don't need to be absolutely balanced before investing but at least, you shouldn't be suffering too much. Again, investment doesn't keep you immune to financial challenges. In fact, sometimes it will consume your investment and savings and you'll have to seek for help too.

Concerning lending your friend money, it's at your own discretion to either borrow him or not but one thing is that you called him a friend and we don't know how solid your friendship is but regardless of your closeness, our ability to make things easier for people we call our own when we have the means is what make us human. Borrowing him the money if you wish will certainly pass a message to him about the importance of investing. The lesson has been learned already and you can easily school him about investing and why it's necessary.

Yes, money isn't everything but it's a critical part of man's life. Again, not speaking out or relating to one's creditors can make the creditors conjure up any thinkable. A man who is in debt isn't free with his expressions because whatever he says or does will always be misinterpreted by his creditor(s). If only debtors know that the integrity test is heavier on them to prove themselves honourable than it's on creditors not to act brashly. I get your point though and I believe debtors should maintain the same humility they implored asking for loan when paying back or explaining their inability to pay pack as and when due.

As a trader u don't need to put your money in a place that won't bring profit never the less investing in Bitcoin is one of best ideas as a trader. As a friend spending with out investment should not make you feel bad when your friends decline borrowing you money Because u waisted money all by yourself with out thought of investing..

You should look from your charity account and send to him I know it's very hard but those who aren't belong to this world would never know how to invest money rather they thinks about savings and savings doesn't yield money to our bank account rather we keep tempering our savings making it to lose value. The main point is your friend never understand the power of investment rather he only knew how to spend and then rely on his salaries.

 Basically in this bad economy, things has really gotten so hard for everyone, most people are so hard right now, it’s really difficult for most people to lend a money to anyone at this time. You may even be doing a favor of saving your friendship, because sometimes paying back can really be difficult, matters might escalate and at some case leads to violence. So you don’t have to be hard on yourself for not lending. You have all the right to say no, it’s your choice to want to help. For me they are some of my friends I wouldn’t hesitate to help if I’m capable of helping out at any given time, I just feel like it depends on the kind of relationship that you have going on. I can’t go about lending money to all my friends, also it depends on the situation the person is asking the money for, if it’s a critical situation I wouldn’t mind giving them my help and if my mind tells me to help I will help.
 Don’t feel bad for not helping your friend, you had your reason you can’t break your bank just for someone. If I didn’t help you at a point of need, it’s either I don’t have or I’m also in need of money or going through something bigger than yours, so it’s not really compulsory to please a friend just to displease yourself. Be considerate but then put your self first in every situation. You should be able to tell your friends how to make better decisions instead of trying to impress.

There are several stories of friendship that have been broken apart due to loans that haven’t been repaid. You’re not a bad friend if you refuse to loan him the money. Irrespective of the fact that the reasons for the loan is not life threatening, it’s your money and up to you to decide whether to loan him the money or not.
You’ve got a goal. Anything that would want to hinder your plans from attaining your goal would be frowned upon and would not be welcomed.

It’s your money and no one should pressure you in guise of friendship to part with money you don’t want to. Nevertheless, sacrifices are required in true friendship.

If it's not an emergency then do a part, you don't have to give him the exact amount he is asking for, and sometimes it's smart to say no, just to see some reactions, I've promised someone some money, he came, and ask for my help, and when the time was up, I make up some excuse that something new came up and I won't be able to help.

He took the news very well, and he said we humans make a plan and heaven either accepts or rejects it, this got me, and a few days later I told him I had the money all along, I just wanted to see his reaction.

If he is a bad fella he would probably react for not keeping my promise, this day I am not ready to break my sweat for ungrateful people, this world is full of them.

Whenever some people notice you are living fine, maybe because they notice you have at least what an average person is suppose to have, then they will decide to approach you to ask for a loan, they don’t even care about how you are surviving. Some people don’t have much money, but they are satisfied with the little which they have, and they don’t go around begging people for money or other things.

If the loan is for emergency sake, then i don’t care selling my bitcoin investment just to help the person, but if what the person will be using the money for is not necessary, then I will apologize to the person that I don’t also have anything with me, I won’t even tell the person that I have invested my money, it doesn’t need any explanation, because after explaining, the person will still see me as bad person.

A lot of people don't know these things and they need guidance and understanding, however, they should be referred to places where they can learn more about Bitcoin and how it has been performing from the last decade and a half so that they can see how much potential it has and then maybe they will understand that instead of unnecessary shopping and buying branded cloths, shoes, and other stuff, they should invest some money in Bitcoin.

So, I don't blame them if they spend their money on such things because they don't know yet. However, if it's someone who knows about Bitcoin and is still doing that, then you can blame them for being careless and not taking a wise decision with their money and finances.

You're not bad. It's just that, you don't want to use your investment to give it to your friend as a loan. If I'm in that situation, I'll do the same as well.

You also said that it isn't a life-threatening problem, so I guess he can do something with that. He can just ask a loan on the bank, or on other people that he knows. I will not give any of my relatives any loan as well if that involves my overall holdings whether it is my crypto or stock holdings. Of course, it will be a different decision if it's life-threatening because there's a chance that I might liquidate all of my assets if that's the last option. You're not bad if you didn't gave your friend a loan. You're just aware that the bull market is coming, and you don't want to liquidate your holdings because you might miss those profits.

It depends.

I mean you can eat outside, and spend your money into something that you want as long as you are not spending "ALL" of it on that. If you are spending all of your money into something that you don't really need then there's a problem with you. You can still eat outside or spend on things you want as long as you keep a portion of your money for investing whether it's on Bitcoin or whatever asset class it is. Don't deprive yourself too much just because you want to have money to invest with, and at least balance it.

If a relationship is about money, or if a relationship ends because of money, think it was never meant for you. Money never builds relationships, and those built through money soon end. If your friend asks you to borrow money, it is entirely up to you whether or not to lend it. If you can't lend him money and if your friend breaks up with you because of it, you should express your satisfaction for him because you know him because of money. But if your friend is in extra danger and if you have enough money you can help him because if you stand by him during the danger he will remember your favor for the rest of his life. But this should be done only in case of emergency, if your friend asks you to borrow money for no reason then I think you should refrain from lending money to him.

That's right, even countries are in debt, let alone only the people who live in a country.
But as a friend, of course you won't be too concerned about the debt, which is actually not much compared to actual friendship. Maybe because he was embarrassed because he still couldn't pay back the loan money at that time. but what's so hard about just saying, I still can't pay it at the moment. I think words like that are enough for me to hear. and friendships that have been built for a long time will not be destroyed just because of unresolved debts.
Not venting here, but rather it's better to maintain friendship than money which isn't everything.

There's a popular saying in my locality that the mannerism of asking for a loan isn't the same as when it's due to be paid back. It's that simple. The borrower goes to the lender and asks for a loan in a tone that makes them appear humble and dying 😅 but when they're asked for the repayment, the stupid ones among them will ask the lender why they're bothering them as if there aren't people who owe others. Some even would tell you that after all countries owe, let alone individuals like them. Some of these responses would leave one wondering why one helped out in the first place. I've had my share of this. It pains me that some people neglect the essence of friendship once money issues come up.

This is a hot topic on every community even in the working folks community. It's not that urgen that we give loan to anybody.

We shouldn't be forced and sacrifice our needs if ever someone is going to loan money from us. Just tell them that we're no bank and we have our own needs to cater.

It's simple as that and with that reason, that person won't ever approached you whether they'll take a loan or not and that's fine.

Assuming you use the money to buy a house, will he ask you to sell your house and loan him the money? I guess he will not and that shows he has no regards for Bitcoin as an investment. You must stand your ground and treat your Bitcoin investment as though they are physical asset that will not be sold easily but held for a long time. This way you will be able to manage and protect it properly. I had once sold part of my Bitcoin to borrow money to a friend who even struggle to pay back after much quarrels and arguments and I ended up not putting the money back into Bitcoin. I'm not saying that helping friends is bad but it should not be at the expense of your own investment which you made for the sake of your future.

Some persons live for the present, they've this mentality that if they can have money today, they'll have it tomorrow. This is quite true but no one lives in an architectural drawing, you've to act, make wise choices to get positive results. It's your money and you can do as you please but there's nothing wrong in helping a friend, so if you've some spare cash you can lend him but don't touch your bitcoin investment except it's a life threatening situation.

It is difficult to decline someone to ask for a loan especially if they are close to us as we could think that he/she will feel mad. But yes, sometimes we need to make a decision even that will hurt someone's feelings. We have not just looked at how they feel but also, consider our situation if we are in the position as can't just let it happen if we know that also compromises our investment plan. Explaining may help him/her understand our stance so at least will help them clearly understand why. But still expect them to think it is bad. Well, real friends will certainly understand and that is what we look forward to.

this is very true and there is no doubt in it.
I myself have experienced this by lending some money to my friend. Yes, even though it's a little, it's the cause of the destruction of our friendship. because the friend I lent the money to was irresponsible. At least say that you still can't pay back the loan money. because in reality I also didn't charge and wanted the money back because I saw that he was my good friend. but somehow he walked away and never had any contact with me again. Even when they meet on the street, they don't seem to know me.

If he needs financial help and you know it's not a life-threatening one, it behooves you to make use of discretion in what amount you give to him. You can't be saving to safe yourself from poverty and someone who is frivolous in spending is asking for your sweat. Remember that nothing destroys a relationship faster than borrowing and lending. Most times those who borrow don't want to return it and they will act like it's their birthright to your money. For me, I've come to judge anyone who borrows from a friend but doesn't return it as placing the worth of that friend on the same amount they're borrowing. If a friend asks for 100k and doesn't return it, it means he holds your relationship with them at the level of 100k. So, what do you do? You move on and that puts an end to that relationship. Don't go bothering or fighting them for that. You can remind them once or twice but don't let it bring a quarrel. I've a situation like that at hand. Mine is that I haven't even bothered to remind the friend and it's been over a year they're supposed to have returned it. The friend is acting like they've forgotten but he's acquiring properties. It's not as if he doesn't have the money to pay back. It's a lesson we all learn but handle differently.

Those who made the big decision to invest their money in Bitcoin last year will now have seen the value of their investment double in Bitcoin.
History never lies and we have seen how Bitcoin's 4 year halving cycle makes the price of Bitcoin soar quickly, and from OP's story, if only your friend had bought Bitcoin instead of buying expensive shoes or other luxury goods, his money would have doubled by now and he can buy more things, investing in bitcoin is really profitable, you have to be smart in managing your money, don't let momentary desires make you prioritize buying luxury goods rather than investing in bitcoin.

If you invest your money in Bitcoin you're going to deserve it in the end when you start to profit from it, there was no one that is allowed to get that money from you because it is only yours, you have no obligations to anyone even though they wanted to borrow some money, if you doesnt want to give it to them there was no case on that, I mean if they get angry because of that I wouldn't trust them as a family or a friend personally that just means that they doesnt respect you at all.

Personally, I have a bunch of these people borrowing money from me, probably because they see on my main account that I'm posting some great photos of me traveling etc. so they probably assume that I have money, but back in the day I was very generous and doesnt really want anyone to hate me, so I always let them borrow some money, I mean it wasn't really a huge amount for sure because I dont really want to lend a high a mount of money, it was just around 40$ - 100$ something like that but most of the people that borrow money on me doesnt pay, to the point where I was telling them directly that they have a loan on me, but they just doesnt want to pay it assuming that I have a lot of money though, I have a coworker that borrows me a small amount of money, I was very kind of him and he abuses that, He doesnt have any intent of paying at all and I hate him and already just pretending to be his friend even though inside every time I see here I remember that money that he doesnt want to pay, our friendship was ruin because of the loan. Starting on that I dont lend anyone money anymore, most of the time I lend a very small amount to that friend and family that I really trust and I know that is actually paying.

Its not your problem that they doesnt have money, if you invest your money the rewards of that is all yours, they already get that reward if they spend all of there money buying something that they want not really thinking about saving and investing in the future.

That would be more better reason for them to stop asking further question why you can't grant their request since for sure they understand your situation if said reason is you had no funds available left in your wallet. I use that reasons if I know the person who tries to lend some amount on me is not a good payer. Although I'm not the type of person giving advice about investment since I don't want my statement will be bad for them especially if they don't understand my point but its good that you open up this topic to them and maybe they consider to look at it.

Hopefully your friend will think about paying you since sometimes there are people that only good when borrowing but didn't bother to pay when stated pr negotiated deadline came.

Stop lending out money to friends and family, even if they look like someone who is capable of returning the money, the unexpected can still happen, they can disappoint you, I can't even count how many times money have caused some problems between my family members and I.

If they ask you for an amount, for example, 200 and all you can afford is 50 or even 30, tell them that you won't be needing the money back, zero your mind that you are giving them 30-50 as free, I cut relation with someone doing this, I told him not to come back and ask me for money ever again.

That was after I felt like he was using me, he was used to coming back and asking for more, so on that last day, I told him I gave him the money, that he didn't need to pay me back, but he should never come back to ask me for money ever again, and I meant it,

Someone must know that you're capable of giving them a loan before they'll approach you for it, so you've probably at some point told him that you're discreet in spending because you're investing your money, this is why we must be very careful about the kind of people that we discuss our financial matters with, because the irresponsible ones will believe that when they're broke that you're going to either loan or gift them money.

Since the loan is not to save a life or make payment for an important emergency situation, then it's your choice whether to give or not, but you know your friend's character, whether he's a reckless spender or a prudent spender who genuinely needs help. Remember that money and women ends  friendships, so loan a friend money that you can afford to loose.

OP, is all your money in bitcoin? Don't you have savings in case of emergency arise? The mistake someone will do is to have all their saving in bitcoin than having some money for themselves in terms of emergency occurrence.

What I am saying in essence, don't have all money in bitcoin, without saving money for yourself. Had it been you have some savings, you would have at least loan your friend a little money you can afford to give out without thinking much about it because not all money loan to a friend is paid back as collected.

Thanks for this suggestions, may be next time I will just outrightly state to him or any other person that comes with such requests that I have no available funds to help them with, because this days alot of those who can't manage themselves in terms of financial dealings are now bordering the decipline forks with they financial crises, I remember many times I advice this my colleague to invest his money on assets, but rather he prefers to buy things that have not long term values.


But at the moment I have loaned him the money but with high interest rate, this way he will be put under pressure to pay back on time.

Well its your prerogative to help him or not. I think you can help him with your extra funds or profits if thats fine with you but also you can tell him that you dont have money for the help or aid his asking its quite simple. A friend will understand the need of one, it depends on how your friendship matters actually.

If you really want to be financially free in the future sacrifice is needed if you are going to spend youre money for material things in the future those things are going to be a burden, for example if you are going to spend bonus spend it on laptop, or desktop the reason why is because you can use it to learn and do something for crypto like trading , airdrops, and running nodes etc.
Many people spend their money on things that will have no value in the future.
Also in the subject of OP, its not bad since its youre money and its also if he/she is youre real friend he/she will understand the situation, i should encourage newbies to do the same like what you did to spend the money in more important things.

I was going to suggest this to you, but you beat me to it, and you did well. Your friend only asked for money, so you're not obligated to pay him in Bitcoin; You can use your local currency, dollars, or any stablecoins in your holdings. It is good that you made an agreement with him to ensure your rights. Indeed, you are a good friend, and you understand the meaning of friendship. And what you did, of course, was a great help to him, and if I had been in your shoes, I would have done the same for him.

After all, who among us doesn't face difficulties and challenges in life? So always keep your job from which you get your local currencies or any fixed source of income, or invest in Bitcoin the amount that does not make you one day break your holdings for which you have waited so long. You have given up a lot of things in exchange for collecting what you have in amount. I advise you if you do not like giving anyone a loan and your circumstances do not allow that, then do not tell anyone about your investments.

That's a nice suggestion, i think with this you're going to  gain a lot of interest from the money you borrowed him,let me say for example you loan him 2bitcoins at early part of last year when bitcoin has not increase to this level, probably he is to pay back the loan this Year, considering the value of bitcoin now, what did you think? However I think you would have even gotten ×2 of that money you loan him even with interest attach to it.

That won’t affect your DCA value since all the total amount of bitcoin in your portfolio will also reduce in value of bitcoin corrected back to that 30K. The purpose is not to get a reduction in the total amount of bitcoin you’ve accumulated overtime because it’ll be painful to collect back a lesser quantity of bitcoin if the price have gone up at the time he’s paying back. Collecting bitcoin as payment back will not annul your aim of DCAing but will make you achieve it as you e projected it earlier before starting the investment.


This is also a good one but where this will affect you is when he returns back the money and the value of bitcoin you’ve borrowed him at the time of conversion cannot get you the same amount of bitcoin with the money he is paying back including the interest he’s going to hard. The market has been on an uptrend and if you look at it closely, it might be up very soon again and will make you not to gain the same value of bitcoin at the time you want to buy again. That was why I suggested you borrow him the money in bitcoin and he should pay back in bitcoin too.

Thank you for this suggestion to borrow the with Bitcoin to avoid losing the value of the amount borrowed, but then we have to think about it two ways which is if the value of the Bitcoin decreases from the Dollar value at the moment, let's say Bitcoin correct back to 30k at the time he wants to return the Bitcoin,  at that point, although the volume of bits paid back will be same but what of the DCA value.


I have already loaned the guy some amount in my local currency but under the agreement that he pays back with interest,  and at stipulated time frames, that way if he defaults from the timing,  the interest will help to protect my capital loan amount that is in his hand.

If I were him, I wouldn't disclose that my money is invested because that borrower will anticipate that you've got the money to lend and you even attain to invest and that's why there is a tendency that borrower will force you or will tease you to lend him because you've been well with finances as you're able to invest unlike him.

This is what I am saying, as long as the amount is affordable and it's not a huge amount for you and won't considered as a loss, it's better for you to just give that help and tell him that's the best you can do and next time, it might be a no can do for him already because you've got a lot of responsibilities to cater.

For me it's a personal thing, if the issue with your friend isn't too critical you can decide whether to borrow him or not but if it's a matter of emergency then i would suggest to do your best to assist him because table turns and nobody knows the next minute of life so it's good to be good.

Even though you bought bitcoin with your extra cash during the festive season and your friend didn't it doesn't matter you better than him it only makes you advantageous over him in financial management, one thing I know is its good to be good. So helping a friend is not bad as far as your friend doesn't depend on you to survive rather he just need a one time assistance then you should help.

But regardless you should only give out that you can afford to lose, more like you're likely going to leave the money if he doesn't pay back.

This is a situation that requires you to think deeply before taking action that will not benefit you or will regret you’ve taken it later on. It is not ideal not to have an investment in bitcoin when you know you can and have the means to do so. You have just sacrificed a monumental time in your life to celebrate in luxury with others during festive period but decided to put that investment in bitcoin, that was so brilliant of you. Your friend in need of money might not have done same if he was in your situation but that does not neglect the fact that you can’t lend him the money and also for you not to fall short of your investment after all this years you’ve waited patiently for it to grow to this stage it is now.


This should be the best idea I have seen so far as regard to the question asked by the OP. 1 BTC will always be 1 BTC as long as you don’t touch it or spend it for something else. The value  of 1BTC today will always be the value of it in few years to come as long as you hold on to they your BTC. Due to the volatility nature of bitcoin, it is better you lend him bitcoin as a currency and he should pay back as bitcoin too as a currency. With this idea, the OP won’t lose anything from his savings he has accumulated so far. I hope he makes the right choice about it.

When we decide to invest in Bitcoin, we have actually set aside quite valuable courage. BTC has risen very drastically in just a few months. It has even been able to pass the ATH very well.

So, it can be trusted that even though we only invested at the end of last year, we can already get profits. Yes, but this is certainly not enough, right? Because indeed, the price of BTC is expected to continue to rise until it reaches its highest point. But unfortunately we won't know for sure when it will happen. It's just that, when we want to invest, we probably already have our own reset to determine our profit-taking target.

For this reason, armed with knowledge and patience, holding Bitcoin long term will be very valuable. even bigger than what you want to get up to now. Be patient and don't take profits yet. Coz however, the BTC journey in the bullish era has just begun. Hopefully this will continue to improve and end well.

I take my post back if he only wants $5 and you have >$5000.

In this case, give him the $5 and warn him that's the cap, there is no more after this. 

If hes wants $5 and you only have $25... then dont give.

But what the user above me said, loaning money to friends often leads to loss of that friendship in the future, over the money.
Same in many other businesses

you have no responsibility to help lend money to your friend, because each of you already has a job and makes money, and you should be able to prioritize yourself. however, if you feel that you are able to lend him money, you can lend him your money, but not too much, just offer him a little money and say that is all you can lend. because after all you have to be able to secure your finances first, because you don't know whether later he will be able to pay it on time or not at all, so preparing for the worst possibility is much better.

Don't you know the simple truth? Today you lend money to a friend, and tomorrow you will take it from an enemy. There is a rule: if you want to lose a friend, give him a loan. So feel free to tell him that all your money is in business. This is how most millionaires make excuses when they are asked for a loan, thinking that a few thousand for people with large wallets will not be a problem. But you are unlikely to extract an extra penny from them.
Instead, show your friend a way to grow his investment so that he can evaluate the correctness of your position.

Maybe you have told him the amount of Bitcoin you are holding? The silly mistake that many people end up doing, people will come to you knowing that you can solve their problem because they knew what you are doing with your money, sometimes I see this as using someone to solve problems, and that's all they will ever need you for.

Assuming that all the bitcoin you hold is $10 worth, he won't be able to come to you, knowing that you invested very little about of money, even if that turn to double its still $20, won't do you any good, but I believe the amount is much and you already told your friend.

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Now if you say no he will probably be a man and move on or turn against you, believe me it has happened to me before, I don't see any need to expect anything from anybody, but that won't stop people from coming to you for help, even if they are closed friends it's better to never tell them your worth, if you do they will feel entitled, since you are all friends, and if one is very bad he could wish for your down fall.

I mean, $50 and $5 is just an example, anyone can change the variables.

Your answer doesn't even make sense, someone ask you about money and you will give him a motivation? motivation can't solve his financial needs at that time. Motivation is just a bullshit when someone in a bad situation, it don't help anything.

Even $5 is small, at least you've show if you willing to help him.

As you said if you lend full amount, it's not good for the lender. If you didn't lend him anything, he will mad with you. Giving small amount of money is the safest option.

If you have money, then you should spend it wisely, get yourself the necessary things, and invest the rest of your money. There are things that you are not supposed to buy, it’s better you just invest. Since I know about bitcoin, I do spend wisely, and any extra money I have, I do leave some in fiat, and then I will invest some in bitcoin.

But buying clothes is not a bad idea, you have to look good. You shouldn’t look scattered just because you want to invest in bitcoin. Just that when you are buying clothes, you don’t have to buy expensive clothes just to impress people, just buy something that will look good on you. If there is any money left, then you can invest in bitcoin.

If someone needs help from me, and I know what the person needs the money for is really reasonable, then I don’t care about touching my bitcoin investment just to help the person, so if someone is really in need of your help and you know that what the person needs the money for is really worth it, then you can assist the person even if it’s going to affect your investment.

Its not wrong if you focus on bitcoin investment and delayed your luxuries in life, but when you are already experiencing profits, I guess helping a friend who is in a bad financial situation is not bad at all. Even lending him a small amount can do a lot already, it’s up to him if he will refuse to accept the help or not. Don’t prioritize money over your friends. You can easily lose your money and make another, but real friends are hard to find again. Learn to balance your life, at least you’re rich in your pocket as well as rich with the love from your friends.

You have done quit impressively well in your decision of buying bitcoin Instead of Christmas wear and it is good. As a fried who want to prove to your friend about the importance of Bitcoin you should be able to help him/her by lending some amount of Money. If your savings is in btc you can sell some portion of it, if the price is lesser which may not affect your btc holding. But If say you won't give him, it's up to you maybe you both know each other more better. But if you accept to give , Whenever the money is refunded by your friend, you will still use it to buy more btc. That is just to let them know the power of HODLing btc for long over buying of materialistic things. Though I know having clothes, shoes,bags and many other thing is necessary to have but those things should not be much. rather having few of them and using the money that will have been used to buy inrelivant things to invest in Bitcoin.

I don't know the case but I don't think 5$ will make any difference. Apart for the amount itself, there is a deeper dilemma here: if he doesn't help, he will be labelled as a greedy, selfish individual; but if he helps, he will be labelled as dumb, easily manipulated, and what is worse, his friend won't learn a valuable lesson because in the end he managed to get everything he wanted: the fancy shoes and clothes, and paying his debt (so clever! until he gets into real problem and nobody helps him).

Ojima, it is easier to say than to do, but regardless of what you decide in the end, you should start thinking about making some new better friends.

If you understood what he wrote perfectly, he mentioned that he used his Christmas bonus payouts and not his whole money, he has a job that he earns some spare funds from and does not spend from his bitcoin holdings. Possibly the funds his friend needs is larger than what he can spare from his personal funds and this his friend is aware of the fact that he has money in his bitcoin portfolio and is expecting him to help him from there, but OP is reluctant to tamper with his holdings, which is the right thing to do, Holding for a longer period of time is the best, and if OP tampers with his holdings for this reason, the possibility of repeating such actions when other needs arises are high, so you better not start what you will regret at the long run.

Dont give him anything, he must learn his own lesson.

agree with you, if the OP doesn't actually want to lend the money. it's better to say firmly that you can't give him a loan. You could say your money is being invested, so you can't give it away quickly and it will take a long time to withdraw it.
but if you still have a sense of humanity, you can just buy their goods. That way they are still helped financially, you can still have what they bought before. or just give away a small portion of your profits. It's time to share your good fortune with those who need it more.

It’s not bad to reward yourself with luxury items but only on a minimal amount. You can’t just spend all out and then suffer the next day. While buying new things can be quite rewarding, but if your mindset is to be financially secured and independent in the future, prioritize your investment first over life’s luxury. You can have all the luxuries later on when you are gaining huge profits already, so be patient and persevere for now. Sacrifice today and you will get big rewards for yourself in the future.

This is a bad time to trade your Bitcoin, you will be disappointed if you give him a loan and you will soon realize that what he had a loan is now 10 times its value, so if it's not life-threatening, just give him a loan that you can afford to give, and ask him to check his other friends so he can complete the money that he needs.
It's ok to say no if the loan is not for a life-threatening situation, just explain to him that it's not your intention not to give him a loan only the circumstances will not you grant his request.

You have income from signature campaigns that may already exceed the monthly minimum wage in your country - so what's the harm in helping out with a few sats without affecting your bitcoin holding?

I don't know how much he needs from you - but helping him with half of your weekly income from signature campaigns doesn't seem like too much of a bother. For me, friends are more than money, especially when they are always there for you when you are in trouble - unless they only come after you are truly financially successful. You have the right to help or not - it's your money.

One thing I have got to understand with Bitcoin is that those who failed to invest into Bitcoin today, basically those who own cars or other properties today, tomorrow will come to you that invested in Bitcoin today to buy those properties, and we have a situation where we see wealth change hands. It Is good you leave to live a luxury life today and uses those money to invest in Bitcoin to live a luxury life tomorrow

You know the answer bud. You have to say NO because these friends of ours are just using us as an option even if they have another greater option. You have admitted that you're not ready to loan him and you have taken your want away instead of taking them close to you with that money of yours. You've sacrificed for how long and then there's this guy will approach you out of nowhere trying to loan you some money. Just say politely that you're not going to lend him some money or if you can give him a little portion of your spare money that you're okay in not getting paid with it so you just can get rid of him trying to ask you once in a while. I've been there and done that, they're quick to ask money but when you ask them to pay money, they're turning into dust and gone in the wind. 

Ask your friend how much he want to borrow and if you can't let your friend borrow then you have to explain to him the reason why you can't let him borrow. You could also let him borrow small amount and tell him that it's what you can afford to let him borrow and there are important things you are going to use your money for.

I won't really be advising such, no-one knows the amount his friend is asking for and the amount of holdings he has.

I think this is a lesson that it's good to have emergency funds around or back up savings that you don't spend just incase if bad situation and time you don't have any cash around, I'm not against your friend not investing in bitcoin but it'd was wrong of him to spend all his money without remembering that evil days always come.

I've also in past times had such behaviour of spending all that I earn or all my money at hand, we called it less, but it also came a time that I didn't even have a single cent on me and I was dealt with by beign broke, ever since then I started keeping emergency savings for myself. A friend of mine said something that no person can claim to be stable financially if an emergency occurs gaht he didn’t plan for and he can't take care of it, next time your friend would learn to save some.


IMO you did good man, but I think you should also have some extra reverse cash of you really plan on holding for long especially the emergency funds, cause just imagine thsi emergency was not your friends but your right now your bitcoin holdings would have been sold, and why it is necessary to have emergency funds as a holder is because emergency is one of the major enemies of investment as it can cause you to sell earlier than planned.

My advice is not to borrow, cause it thi k any business ghat involves family and friends has a 80% chance of still going unpaid cause of relationship or maybe won't pay all I  time depending on the nature of the person, but you as a long term holder in bitcoin should also account for emergencies that can throw you off balance.

your future financial security is your priority, if you think loaning him affects your Bitcoin holdings negatively and you don't want that to happen, then don't, you don't have the obligation to do that.

I agree with this, if he can't find someone to lend him money from people he knows, he should consider taking a loan from the bank.

There's nothing wrong if you cannot help a friend for some reason like you are planning something for the future but if you can afford to share some of the money for your friend's loan then you can help your friend. Well, if it's emergency then you if It's me to decide then I will help my friend. You should ask your friend about what he will use the money for and you should also tell your friend about how much money you can afford to losn for him.

Future?? HODLing Bitcoin Today doesn't guarantee your financial freedom... Swallow this bitter pill as early as you can
well, are you owing your friend? If no, then you don't have to feel guilty for not lending him - cus you don't even wanna lend him as you said...if you wanted to, you won't be out here seeking for our consent.
Also remember that there are LOTS and LOTS of consequences for being too nice... Unless you don't wanna get that money back, you can go ahead and loan them.

Sandra 🧑‍🦰

The need is not life threatening as I already mentioned in the thread, he has rent issues and he may have failed to prepare for such times because hard it has been since he invested in Bitcoin way back he will have been in profits by now that can settle his debt at this point and still have some left over investment.


I could have helped if he needed the money for the hospital or any other life-threatening thing, but for rent, I think he should consider taking a loan from the bank or whatever source he can get such an amount loan, It is a risk to give though who done have the balls to invest in assets for a rainy day such as this time because they will not lay back.

Lending money to friends and letting them borrow money from you can be the end of your friendship, if your friend requires some kind of financial help sometimes the best decision is to refer them to loan givers, they give loans in different amounts depending on qualification for it. And also since you witnessed your friends squander all the money you may decide to ignore this friend now and let him currently suffer a little the consequence of the action, he took so that he can learn from it. Sometimes when people squander their money and then you Keep offering them some kind of financial help they would never learn because they will know that anytime they ask you for financial help, you will be there and ready to help them.

I do not think you need to feel pressured to lend your friend money if you are not comfortable with it.  Even if he is going through a tough time, your own financial stability has to come first.  Ive been there before too - some friends Ive felt like I could help out no problem, but other times, Ive had to say no even when it affects our friendship.

At the end of the day you just have to do what is responsible for your situation.  Not everyone deserves for you to put your neck out.  If this friend isnt super close or you dont have confidence youll get repaid, its fine to politely decline.  And, if your friendship suffers, then he probably wasnt valuing it properly in the first place.  I know its an awkward spot to be in though.


Holding Bitcoin is good, but dont forget about eating. Thats important too!  

If he needs the money for an emergency, then you may consider giving it a second thought. Otherwise I think that it's just fine.

I will start with the fact that in my early years of having a job, most of the friends I've lost by lending them money (and, in the vast majority of cases, never getting the loaned money back). Sounds bad, but this is the sad reality.
I will add that it's your money, from your investment, by your decision.
Plus, if you feel bad because he did you valuable lessons: giving advises is in most cases easier than following them. Most people try to share ideas and advises. That doesn't necessarily means that you have to repay them for that.

And as I said about advises, I'll continue: nobody knows the situation as good as you do. We here can say a lot of things (free advises, heh), but we may miss details and it's ultimately all up to you.

In my opinion, if your friend is financially capable of repaying the loan that he or she seeks from you, you can offer to give them the loan in bitcoin, and they must agree to also repay the loan in bitcoin. If the friend rejects the offer, you can tell him or her that's the only solution you had to offer. 

It is not a bad idea to give yourself a nice treat and also enjoy the money that you are earning from your job, but while spending your earnings, always keep it in mind not to spend everything. Practicing how to save and invest is a wise decision that usually brings about fruitful benefits. 

Actually in terms of giving your friend money, it's up to you to decide, as you know better than us who your friend is. There are some person in our life that we can't resist helping them and include friends, but it depends on the way we see them live there life and how responsible the person may be. We are just ignorant on who your friend is, so the entire decision lies in your hands.

When it comes to holding of Bitcoin, the best strategy I suggest for anyone I'd the DCA and that is because you don't have to put in too much, but you little installment for a week, or a month will go a long way as long as your accumulation doesn't affect your other financial activities else you'll be tempted to go back to you holding. However we ought to accumulate at all kind of season be it bearish or bullish if we use the DCA method. It's possible today's price might be the dip in the next few months to come, so we must take every opportunity we have in accumulating Bitcoin seriously so that we'll not be missing out any dip.

It’s your money. You can do whatever you want with it. I just think it’s wrong to hold it against your colleagues for  buying something nice for themselves last Christmas. If you can afford to help out, please do. If you can’t, tell them no politely and do not mention their “extravagant” spendings to them. It’s better to have a healthy relationship with one’s colleagues than to have an enemy in the workplace.

You are no obligation to give your money to anyone (except your family members) given that it is yours. If you have a friend who is in need of cash due to financial constraints, you are not compelled to help them as you must first think of yourself rather than others.

In law, this is what we call the principle of self-preservation where you focus first on yourself and the opportunities to receive instead of giving it out to others. Given that BTCs are on the bull run, it is normal for you to think given such current situation. You have the opportunity to maximize your investments and your friend must ask help to others instead.

In conclusion, I respectfully submit that you are under no obligation to help others if you cannot help yourself first. Focus on self-improvements and opportunities before you start helping others.

One thing I am going to tell you is do not lend out money you cannot giveaway to someone at this particular period, it will sometimes end in somehow.

Now if your friend needs help and you think the help is worthy of your help and at as same time you don’t want to loose your precious bitcoin, then there is one way out which is treating bitcoin as a currency it self. What I menace is lend your friend bitcoin instead of fiat. If your friend needs a $100 then send him Bitcoin equivalent like 0.0015 bitcoin and ask him to pay that bitcoin back rather than the fiat value ($100), that way you still have your bitcoin intact

Do put all your money on your Bitcoin investments because this not a good idea even though Bitcoin is a good investment because you are putting all your eggs in one basket. A one hard crash can make you a homeless. I asking this since you can lend him using your cash in the bank that will not affect your Bitcoin holdings. Because I will do this if my dear friend really ask for my help.


This is good idea but not all people will have the same priorities. Also being short financially is something that you can’t cover always especially if you are just a person with regular jobs. There’s always a time that you will need help financially.

It's not an emergency needs right? you can help some portion of the amount he asked, let's say he ask $50, now it depends on how much you can afford to lose your money, if 10% won't hurt you, you can lend him $5. Just offer him, I only can help for $5, take or leave it.

So in case your friends can't pay off the debts, you don't need to worry because you already know his character.

Investment is what will save us in future or make us live a better life in future, if we can only sacrifice for it. Bitcoin investment is worth investing in, and you did the right thing to invest in bitcoin with your Xmas bonus and other funds, because by now you will be smiling at the profit that your bitcoin investment have made.

It is only people that have believe in bitcoin or are used to saving money that will prefer to invest in bitcoin instead of spending money on consumption goods. What I have observed again is that people that loves spending on material things to show off my find it difficult to invest in bitcoin because they will not be patient enough to wait for a long period of time to benefit from their bitcoin investment.

Hey my fellow forum members, so I encountered a situation with a friend recently which taught me a lot of lessons, and also made a great reminder for me to keep holding Bitcoin rather than buying unnecessary items that don't have interest and value and depreciate.


Back to the story:
I made a thread here on the board on how my end-of-the-year Christmas bonus payment was used to buy Bitcoin instead of spending to buy new clothes as my friends and colleagues did back then.


Now I am profiting from my Bitcoin investments then and one of my colleagues is now in dear need of financial help, he needs some help, not life-threatening but money, and now I am not ready to loan him any money as long as it affects my overall Bitcoin holdings.

For those who may not have read the old thread, below is a quote from it.

This whole event taught me a great lesson that, instead of eating and spending your money as a newbie, there is a better chance of holding Bitcoin,  because in the future you have financial freedom.

What are your thoughts let learn together.