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.
As long you didnt give him some sort of guarantees or assurance that he would be making money out of trading or crypto investment then it should be fine. It is really giving off that kind of good feeling whenever you do introduce Bitcoin into someone specially with your friend which you do share up the opportunities that it gives because we arent that blind nor dumb not to know on what are the things that it do offers or the benefits
that it do gives when you do get involved into it. If they would really be molding or creating those kind of impression on the time that they would be suffering some losses then just let them be, because self realizations and learnings is something that they would really be having later on.
I don't think you have in the wrong position because talked about risk with trading in cryptocurrency, indeed still general explanation about Binance trading maybe your friend try with future not spot trading. I faced with your position not only when recommended some one trading in spot or future they are forget us when earning profit position, but if loss they will fault us because not recommended them which one coins have to trade.
Don't worry, you have right decision talk him about risk when start trading, recommended Binance as exchange market is right decision because most securing exchange but wrong choose when your friend loss their fund depending on their coins for investing or have interested with future trading.
There are really people who do really mind much about peoples emotion or situation and this is why whenever they do introduce something then they do really mind off about those possible outcome.
We know that crypto investment or trading is really that risky and we dont really like for our friend or someone who do experience up some losses, if he would really be that
serious on dealing with it then just let them be as long you do give out some warnings or cautions about on the certain risks which it is really just that normal.