Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.
Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.
I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.
I don't think you need to worry too much about it, it is good that your friend wants to invest in Bitcoin and you have shown him its positive and negative sites and I think that's enough for you.
And since your friend is a beginner at trading, I would suggest your friend to invest in Bitcoin only for the long-term, if you see that currently, Bitcoin price is still less than half from its all-time high, now if he invests in Bitcoin. Then the next halving can be expected to achieve a good profit, and therefore he should first make a long-term investment in Bitcoin if he is interested in investing.
And after giving those suggestions, you should mention to him a little more that,
* Invest at your own risk, and never invest without analysis
* And invest as much as you can afford to lose.