Topic: If someone you introduced to BTC says the risks of her funds is on you (Read 1029 times)

Basically one thing you most understanding is that in as much as Bitcoin is one of the best investment doesn't necessarily mean that everybody most venture into it because one of the things I realized about most people is that sometimes we could be feeling that we are helping someone by introducing him or her into something that will be of a beneficial to him in the future but we could be surprise with how everything will turn on us if it doesn't go according to the way they presume it, perhaps that's one of the reason is better if they are actually the one that come to you for a guideline in other for them to invest on Bitcoin.

So actually for me I will strongly advised you to leave the woman because she is not ready to become an investors yet, however is quite surprising that most people always want to find the easiest way of making money on Bitcoin without wanting to know the risk involves on investment, so I think for your own good it will be best if you would allow her to do it herself because in a case like that if you decide to continue with her it could happen that one   the process she was not able to see something tangible she could be discouraged and ask you to withdraw her money back and if on the process the price has gone against her that means she will hold you responsible, so to avoid those things is better you focus on your own investment.

 Well these are the kinds of people that will want to look for people to blame for their losses. I remember reading a reply in the first page that says "only if she shares her profits equally with me".. that's a really hilarious suggestion but it's true. You only introduced her to it and never forced it on her so making such a statement just shows she's not ready. Just like every other investment that has its risks, Bitcoin is one of them or is this how she puts ultimatums on other investments.
Bro, I won't do anything if I were you because for starters, she won't invest with a huge amount seeing as she's so skeptical about the turnout and second, that statement she made is like forcing you to take responsibility for her decisions.
 Over time we've come to understand that Bitcoin knowledge is not for everyone but that doesn't mean we won't do our parts by spreading the information even when there are people who prefer to stick with the idea that it's a scam project or a waste of money and time.

If that's not the best idea, then what's the best way to introduce Bitcoin to them?

When you want to give financial advice to friends and relatives, you have to be ready for any response from them, your job is only to invite them to invest in Bitcoin, the rest is their decision whether they want to invest or not. A person's interest in investing in Bitcoin usually arises after one of their relatives gets results from the investment. You can invite him if he has shown interest in Bitcoin.

It needs to be underlined, you must tell all the risks that might occur in investing to those who still have very limited knowledge about Bitcoin investment so that you are not blamed or asked to bear the risk of losing their funds. Bitcoin investment not only has funds and knowledge, Mental readiness and patience are also determining factors in success when investing.

Telling them about the risks of investing in Bitcoin is of course very important and they can think for themselves whether they want to try it or not. We can return this to each of them, forcing someone to invest in Bitcoin is of course very wrong and would indeed be better they themselves decide this and no one else decides whether they should try to invest or not and if they want to invest of course they have to learn first a little understanding about Bitcoin then they can try to invest and for those who are just starting out of course they have to be able to try keep studying it so that they really understand it well.

The golden rule of investing in cryptocurrencies is that you must invest only what you are willing to lose at the end of the day. However, most investors do the opposite and end up regretting it later on.

This is why you must tell her to rethink her priorities op instead of shifting the risk onto you. Do your research properly.

I can relate to what she is feeling. There are so many ponzi schemes running in my country that even genuine project like crypto will appear as scam to most people. I do not force anyone to invest because if they make loss, our relation will be spoiled forever. However, I still inform my friends about crypto. Those who can enter the market at correct time and wait for good duration will always make profit. But some friends who are impatient may loose money even though crypro in general is a very useful technology.

Before teaching them about this asset, it's best to tell them from the start
information as detailed as possible about the risks involved, we should never invite them to invest, let them make their own decisions. We should not be involved in their decision to invest, if they are not ready for all the risks, I think that's enough for us to provide the information. If they are ready to take all the risks they themselves will take, then we take the next step to guide them to the buyer or put them in a safe wallet. From the information I mentioned above they can't tell us if something happens to their investment. That is the importance of information at the beginning when telling it.

it is a very delicate situation and if thing get out of hand given explanation will not just make sense because the person will be like this is not what you told me when you collected money from me, and first of all we know what bitcoin and other crypto currencies are capable of, you can make profit and the same time you can lose money. and if you end up taking money and things did not go as plan. then what explanation do you give that will justify you trying to help. even if they know what is at stake there human nature will still expect nothing but profit. and lets assume that the market goes down you need to make a good explanation to convince them that the market will bounce back over time. and its true you can expect a lot from the market but your expectations should not be that high because if it is to high you night end up depressed. it is better to use your own money and anyone you are involving should be told the plain truth, to avoid getting blamed at the end of the day. because people that tell people about bitcoin will always want to sweet talk, and investing comes with a lot of disappointment which is the risk behind it.



A very huge problem we know how hard it has become to make money and money was collected just for to invest it in bitcoin and bitcoin is something that any little thing can change the market. that is the nature of bitcoin and if it was a situation that the person is interested in bitcoin but when you find your self in that situation you ask them to learn and they should in charge of there own money managing it them self. at least if anything happens they will blame there self.

And when they do it by there self they will know that its not easy to actually know about bitcoin, and when you lose money they will feel you were not extra care but when they lose money they will look for ways to justify there own intention. and that is why it best you allow them trade or hold their assets their self then they will know exactly what it takes. And they can be calling for advice and its not bad but after the advice they can make their own choice.

Usually, people like that are people who are looking for safety, and are not ready for the risks. However, when he says that, he probably assumes that when an offense occurs, he will direct it at you, and the worst thing is that he will ask you for compensation. However, you should deny it, and tell him that it is 100% his decision. I rarely invite other people to invest because sometimes they are only ready for the profits, but not ready for the risks.

Everyone has their own story of getting into cryptocurrency and, accordingly, advice regarding investments. But for example, I am very grateful to the person who introduced me to cryptocurrency, although he used me for work and did not give me any information, but I took the initiative and began to study cryptocurrency myself. But even for this I thank him more. In turn, I showed what I was doing to my friend and he also immersed himself in crypto completely and achieved significant success in 8 years. However, he never blamed me for his failures.

I will not take that condition since its risky for us to accept that especially if the person we are dealing with cannot accept a lose and just think about that there's sure profit to get if they come with us and invest their money for what activities we do. Much better if we do solo venture since there's no one will blame us if we fail and also no people will disturb us if we gain.

Profit sharing could really end up in horrible situation since we can't hold any peoples decision that's why much better to deny all of same like offer since we cannot get anything from it and we might just get stress by the pressure especially our partner cannot understand the whole situation also with negative situation that you might encounter. If they want to try bitcoin then its fine but if they a condition like this then ignore and we should not entertain their laziness.

It's true, and based on the OP's experience or scenario, it is unfair because someone offers to invest in bitcoin, and the OP will handle it. If the investment is earned, then they will both get money or a reward, but if the OP loses it all, the OP should refund all the money that the girl invested. That's nonsense. I think even if the girl knows the risk of investing in bitcoin and I'm sure the OP explains it to her, the fact that the girl only wants the profit, not the fact that if the OP loses it all, the blame will only be on the OP, that kind of transaction or negotiation should not be entertained, and it's normal for the OP to feel annoyed because it's like an insult to you as a person. If I stumble upon one of my friends who will have that kind of mindset, without a doubt I will ignore him/her and just earn on my own, with my own money.

Sharing the profit would be another risky step to take. Advising them to invest would be the first wrong step to initiate. It is better to provide people with the material they need to read and understand and then go into passive mode, only answer what they ask and dont introduce investing to them.

If they lose money, they have a bad habit of putting the blame on the person who introduced it to them. People have zero gratitude these days you see.

If you are sharing profits, it makes the person believe that it is good and they start taking more risks. This could end up in a horrible situation.

It's hard like that; unless he agrees to share the profit 50/50, I'll agree. Also, if you shared with him about Bitcoin, it's up to him if he wants to invest. Then you should assume that there is still a risk associated with it.

I think you should discourage him from the beginning from investing if he is not ready for any circumstances that he may face there.

Investing always requires your own willpower Never invest without your own willpower. Also investment should always be done at own risk and should not rely on investment decisions of others. I don't give investment advice to anyone because if someone invests on my advice and gets hurt by that investment, no matter how much he loves and cares for me, his love for me will diminish even a little bit because he will always feel that he got hurt by investing on his advice. If someone seeks investment advice from me, I advise him on all investment strategies so that he can invest at his own risk because if he loses the investment, he cannot blame anyone.

It is much better that we provide knowledge and they can learn to understand before making a decision. Imposing our thoughts on other people is not a good decision because they may not be able to implement the methods we use.
Investing in bitcoin is indeed very good, but if they don't understand how to do it, it will be dangerous and if they are not taught about risks, fluctuations or market movements that can change in the near future. It will cause panic when they invest in the condition of a sharp decline in the bitcoin market.

That's why it's important to provide a complete understanding of Bitcoin and they can decide to invest after understanding everything.
If not, when faced with a problem, they will find it difficult to understand how to minimize the risks posed.

I wouldn't really going to recommend taking funds from someone just to invest in Cryptocurrency or Bitcoin, I mean we already know the how risky it is on be on cryptocurrency so we should be extra careful especially if you are going to take funds from someone, because if you take investment money from someone they might say that it might win or lose, but they surely going to expect a return from you which is not going to end up well for sure because market is not predictable. Even though we could say that market price is going to be a profit in the coming months it wasn't going to be a guaranteed thing at all.

What I would advice in this kind of situation, is never to take any money from anyone because it just going to be a huge problem in the end, what you should say to someone who wants to invest is to actually invest it by himself, so he or she needed to do the hard work, needed to do the research on there own because it involved a huge risk, so that if they lose that money it is going to be their fault. Just don't encourage them to invest at all instead discourage them telling them all of the disadvantages and worst things that could happen, after that if they still want to invest after hearing most of it, then let them process and probably guide them, or else guide him to this forum where he/she might learn a lot.

if this is the attitude of the person ? nope never that I will recommend her or even teaches
how to invest because look at that behavior , they wanted to have a secure investment , they
don't wanna lose but they wanted to gain ? that is completely stupidity here in bitcoin investing
because all of us here have risked and spend our time and knowledge here and what we are gaining
now is the product of our own strength and power because we trusted this market that in future may
change our life.

Reading through your post, I can tell you didn't put this your neighbour through properly about Bitcoin and its investment risk at the initial time ,else something of this nature wouldn't have arise, for telling you that if anything happens to her funds you are responsible,  Well, that's why it's necessary we lecture any interested individuals properly about Bitcoin and the risks associated with its investment before they think of investing, and this should be the primary objective, I have had number of friends who has indicated interest to invest into Bitcoin but ones I told them about the risk side of it, you see most of them losing interest, The bitter truth is that most people that wants to invest are only concerned about the profit side and aren't willing to take risks side of possibly losing money.

Though the investor wanted to protect her investment without understanding what it means to invest in bitcoin, for this singular statement alone I strongly conclude that this kind of person is not preparef for bitcoin investment and there is know neee of further explanation for her because even though you finally convince her if any ugly situation occurs in the process she will still drag you in, though ponzi scheme has dealt with people and that incident incident still occupues their mind, any investor who is not ready to bear the risk of investing in Bitcoin alone, I think such investor is not worthy of being part this investment and there is know need of wasting your eneegy to talk to such person because the situation may turnout to be aginst you.