Yes, it’s really a tough situation when you try to give honest advice but eventually it results in loss. Yes, I do give advice to one of my friend but that’s not related with crypto trading. I have been trading in stocks for a while (with simulator) and got some experience and I share it with friend and force him to do his own research before investing. Basically I focus on sharing ‘strategy planning’ instead of ‘actual strategy’.
Yes, tips are always with 50-50 chances so recommending friends based on those tips might result in misunderstanding for your friendship. I never accept tips from third parties/friends for my trading nor I never suggest anyone to follow my words. In my experience both are risky for investment as well as for relationship. 
Topic: Does anyone here give trading tips to friends? - page 2. (Read 2368 times)
Yes, it’s really a tough situation when you try to give honest advice but eventually it results in loss. Yes, I do give advice to one of my friend but that’s not related with crypto trading. I have been trading in stocks for a while (with simulator) and got some experience and I share it with friend and force him to do his own research before investing. Basically I focus on sharing ‘strategy planning’ instead of ‘actual strategy’.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
I would never give any advice to someone about how to invest and how to manage his own money.
It`s normal for people to seek for tips and recommendations,but i`m not comfortable giving them.
People should take responsibility and learn from their own mistakes.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
i do that with one of my close friends. but we are exchanging information between each other and mostly sharing our knowledge and since we both know each other and know the risks we rarely lose or blame each other for losing.
People who ask for tips usually don't need them. They need full guidance instead - for example - someone who will tell them what asset is good to invest in ATM.
Or when to sell or buy. This information can't be covered in one or two formulaic tips like: sell high, buy low. Op, you need to sit, read a lot and learn if you want be successful trader.
Or when to sell or buy. This information can't be covered in one or two formulaic tips like: sell high, buy low. Op, you need to sit, read a lot and learn if you want be successful trader.
Well, I always give tips to my friends in the real world in play trading, but it seems they do not want to follow the tips I gave, because in my view, they already have their respective tricks for playing trading, and perhaps they are the trick better than the tips I gave, but I am very pleased to see
The best trading tip is - buy at low price and sale it later. For example, buy Bitcoins and then after price go up, sale them. 
that is a basically tips for trading but for additional never become a careless and greedy person. it's will make you way is easier to get a profit. because you can control your emotions at doing trading.
The best trading tip is - buy at low price and sale it later. For example, buy Bitcoins and then after price go up, sale them.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Well no, my friends don't know about bitcoin but even if they would know I wouldn't tell them that i trade or something like that, I have a negative balance between earnings and profit so I'm trying to get back on my feet.
I would be careful to advice anyone, let alone friends. If you give someone a tip and it backfires they will blame you.
Even ruin your friendship. Tried with yourself and for yourself, this way you can look everyone in their eyes without any guilt.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Well no, my friends don't know about bitcoin but even if they would know I wouldn't tell them that i trade or something like that, I have a negative balance between earnings and profit so I'm trying to get back on my feet.
bit about bitcoin,show them how you earn money here.
If they are smart-they will get interested about it,because it is possible to make money with it.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Well no, my friends don't know about bitcoin but even if they would know I wouldn't tell them that i trade or something like that, I have a negative balance between earnings and profit so I'm trying to get back on my feet.
I got the same problem a few years back, but with trading i managed to recope it within a few weeks. It's not very hard, just need to be focused on the coins you are trading.
Obviously you have to cut down your spending too
. No more ferrarri's 
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Well no, my friends don't know about bitcoin but even if they would know I wouldn't tell them that i trade or something like that, I have a negative balance between earnings and profit so I'm trying to get back on my feet.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
I already give tips/advice to my friends but i don't think it fails, i don't know but i think it's not too often because i didn't spoonfeed to them like saying what the coins they will buy and hold.Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
I only tell them that they need to read forums about the coin and observe the coin if it is still active or not.
That's the only advice that i told to them
.
A month ago I gave one of my friend about 0.02 for starting to involve in bitcoin , with that he involved in bitcoin and after that he started to learnmore about bitcoin and at last he came to trading and he learned about it more and with that he came to start trading of bitcoin.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Yes we I have friend but not only one we are group of friends sharings ideas with other coin we buy , sharing with other is not bad idea it will help for new comers to learn but dont blame others who shares idea to you we also don't know what will happen of the price of other coin only expectations .just don't blame others if they failed. Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
If you give advice, you may want to clarify that no one knows what any coin will do for sure. Even bitcoin can fail so I am hesitant to give advice to family members to invest in it. All these cryptocurrencies are high risk investments.
honestly i was never give trading tips to my friends but i have facebook friend and he has an trading expert and really honest person also he always give me good advice during my trading activities and until now he sometimes give good predictions for the market movement and i still use his advice
Sounds like a really good way to lose your friends with minimal effort.
People are real quick to reward blame and it's always gonna land on you.
People are real quick to reward blame and it's always gonna land on you.
I generally avoid giving any tips unless I am sure enough that it will work. In trading nothing is really guaranteed (can't give any sure tips other than the usual buy low sell high crap.) so that's a no unless you tell your friend that it have decent chance to go wrong beforehand.
Tricks of the Trade : Shitcoins are gonna shite,better stay away.
If that doesn't explain enough,don't ask your friends to buy or put money in the shitcoins which you may call "alts" in your language.Not even asking you to invest in bitcoins and wait for the price to rise,buy a automated trading bot, solves all your problems.Invest in the ideas rather investing in the asset.Lot of scope for bitcoin businesses right now,invest in them!Hopefully you will be the Mark Cuban of tomorrow.
If that doesn't explain enough,don't ask your friends to buy or put money in the shitcoins which you may call "alts" in your language.Not even asking you to invest in bitcoins and wait for the price to rise,buy a automated trading bot, solves all your problems.Invest in the ideas rather investing in the asset.Lot of scope for bitcoin businesses right now,invest in them!Hopefully you will be the Mark Cuban of tomorrow.
Jump to: