Topic: Don't buy your greed - page 2. (Read 285 times)
I have always try as much as possible to avoid advising any of my friends to invest in bitcoin or any other volatile asset as it always turn out to be a blame game on you when something goes wrong. I take my risk and stay on my own its not greed or selfishness but avoiding troubles that can rise when market crash.
Try not to involve your friends in crypto. The moment they snag profits, they splurge them all on themselves.
I don't need anyone's money, there's nothing wrong in that. It's their money and riskBe very careful on how you present the information to your friend. Make it 100% clear that it's his choice whether he invests or not. Make it 100% clear that Bitcoin price can rise and fall. Also, if he indeed wants to invest, present him information about how to keep his coins safe (the wallet, which can be even hardware wallet, and the backup too).
I did exactly that. I know how people act when it comes to money. I did my best to educate him, it's all on him now 
I remember someone that blame me before he was invested a big amount in BTC and built a miner when the price reach the highest ATH last 2017 I think.
But the price keeps crashing after the new ATH, I thought that the price would increase more at that time but I'm wrong. That is why they blame me because they never earn a profit even just reach the return of investment and end up selling the miner and BTC at low prices.
So right now I never tell anyone or sometimes I tell but I always tell them to invest only that you can afford to lose.
But the price keeps crashing after the new ATH, I thought that the price would increase more at that time but I'm wrong. That is why they blame me because they never earn a profit even just reach the return of investment and end up selling the miner and BTC at low prices.
So right now I never tell anyone or sometimes I tell but I always tell them to invest only that you can afford to lose.
Just this morning a friend came to me asking me how he can invest in crypto. I was surprised because he always has been skeptical of Bitcoin.
Be very careful on how you present the information to your friend. Make it 100% clear that it's his choice whether he invests or not. Make it 100% clear that Bitcoin price can rise and fall. Also, if he indeed wants to invest, present him information about how to keep his coins safe (the wallet, which can be even hardware wallet, and the backup too).
Try not to involve your friends in crypto. The moment they snag profits, they splurge them all on themselves.
On the other hand, once shit hits the fan, you'll be the first to blame.
On the other hand, once shit hits the fan, you'll be the first to blame.
Anytime Bitcoin is bullish, there is a lot of talk in the media. People get suddenly interested in cryptocurrency. This is the period they make all the wrong decisions, fall for scams. Just this morning a friend came to me asking me how he can invest in crypto. I was surprised because he always has been skeptical of Bitcoin. The high gains of crypto like wakanda inu and shiba is his attraction to the crypto space. These kind of people look at crypto as ponzi and just want to make quick money. He asked some annoying questions like "How much can I make if I invest?" How much have you made since you started? "When can one withdraw?" e.t.c.
I gave him some pdf files and books on the subject. He didn't look like he's going to read them. My friend is one of those who flock to crypto attracted by hype.
https://alternative.me/crypto/fear-and-greed-index/
I gave him some pdf files and books on the subject. He didn't look like he's going to read them. My friend is one of those who flock to crypto attracted by hype.
https://alternative.me/crypto/fear-and-greed-index/
Jump to: