If someone you introduced to BTC says the risks of her funds is on you - page 3.

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

Quote from: EluguHcman on April 25, 2024, 04:13:43 PM

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

I think the first mistake you made was you trying to persuade/convince this your neighbor into investing in Bitcoin, because truly, Bitcoin is not an asset you persuade people to, but rather what people should invest in after haven been fully convinced about how it works, ready and willing to take the risk. Because this is the exact same scenario I experienced years back that made me to stop trying to convince people to invest in Bitcoin, and now today, I only tell people about Bitcoin and allow them to make the decision to either invest or not by themselves.

Quote

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

If I was to be in your shoe and the person who I'm trying to introduce to an investment opportunity make such statement, the best i will do is to just stop immediately, because I can't be introducing someone to an opportunity whereby if Bitcoin happens to skyrocket higher, he will reap the profit, but yet not willing to accept the lose of it's value falls.

wallet4bitcoin

sr. member

Activity: 980

Merit: 282

Catalog Websites

I consider someone putting the blame of risks associated with an investment on someone else as a kid in the investment space.

I mean, financial literacy is a personal responsibility, no one cares about what you do with your money and no one also puts you under pressure to commit funds to an investment and it is not against the law if you have to turn down an investment proposition.

EVERYONE IS RESPONSIBILE FOR HIS/HER FINANCIAL DECISIONS!

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

I would respond by saying that since the risk is on me the profit should also be on me.
If they doesn't want to take risk they shouldn't also expect to gain profit.
I don't get why they would even try to invest if they don't know how it works, and they only see the profit and ignores the risk.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

I am responding to you based on your headline or subject sentence because I know quite well, that cryptocurrency especially Bitcoin how to do with risk method which like every tendency for a new person into cryptocurrency or Bitcoin in particular to experience a loss, so what I'm saying is that many people have issue with some people that introduce them into cryptocurrency investment especially Bitcoin because the information was not properly processed to them at them when they get into loss for the investment they became aggressive so that is why whoever you are trying to impact the knowledge of cryptocurrency try to tell the person they advantages and also disadvantages of cryptocurrency investment most especially the implication before you come advise the person to take a risk of its own

Outhue

hero member

Activity: 686

Merit: 403

DGbet.fun - Crypto Sportsbook

I have experience such thing before, its not even in crypto investment but other, and I regret ever involving someone else in investment plans, the experience reminds me that what I can go thorough with the hope of getting a better life can be extremely hard for others.

Since that time I stop telling people to invest in anything just because its favouring me, and if they come asking what I am doing for living I can tell them or explain to them, and if they end up asking how they can be like me I will tell them to start doing their own research, which I believe that 90% of people don't like hearing.

People want everything to be done for them without breaking any sweat and yet when anything go wrong they still can't take the blame and accept that it's their own mistakes, if people want to do anything that involve making money let them do it themselves.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

When I make profit 100% belongs to me but if I lose 100% should be on you, there is no one who has basic investment sense will talk like this which shows the neighbor isn't aware of what investment is, I am not trying to blame her but that's what the system do to the majority of people living on this earth.

Wise people will make their path just if they find a trail, so it's everyone's individual brilliance when it comes to investment.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: EluguHcman on April 25, 2024, 04:13:43 PM

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

Well, maybe you could have entered an agreement where you gave her total guarantee over her funds, although you couldn't stipulate a fixed period of time for that, being necessary for her to wait up to few years until seeing profit made over her investment. Besides that, there should be also another clause on the agreement, stating that her money would remain in a cold wallet controlled and owned by you during the whole time the investment would be going on. And finally, probably the most important clause, would be the percentage of profit over her investment to be paid to you for your custody and financial advisor services after all.

What do you think of the idea? For me it sounds really good for both sides of the negotiation...

fuguebtc

hero member

Activity: 1960

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: btc78 on April 28, 2024, 11:35:34 AM

Quote from: fuguebtc on April 28, 2024, 09:09:00 AM

The best way is to never give advice or recommend bitcoin investment to anyone to avoid unnecessary trouble

I sometimes think it’s a little too selfish if I just keep this amazing investment to myself but then again it is not really my responsibility to share bitcoin to everyone. To also avoid a lot of questions I just tend to bottle it up and not tell anyone.

I'd rather be known for being selfish than be blamed, so I don't tend to like giving anyone investment advice. Furthermore, I think I am not an expert in the field of investment, so giving advice to someone is not advisable . Giving advice to others indiscriminately does not necessarily help them, but can harm them if they do not follow what we give them.

Quote from: btc78 on April 28, 2024, 11:35:34 AM

Quote

If someone really wants to invest in bitcoin , just provide them with the necessary documents and let them decide for themselves .

Probably the only way I will be teaching anyone about bitcoin is if they have an idea about it already and just want to learn more.

I myself have learned everything about bitcoin, so I think if someone really wants to invest, they will find a way, not wait for someone to teach and show them every detail, and even give them guarantees. It is not our duty or responsibility to do.

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Well, depending on how trustworthy the guy is, I'd either call him out on his bullshit, or I would take him up in his offer since I could trust him on his word, but in your case, where you're the one being put into the spot of having to insure the newbie into investing for himself, I say the decision is up to you. You said that you're not gonna take her up on her offer since it's a little disadvantageous to you then again, don't take the chance just so you could convince people when they would've naturally gravitate towards it if they would.

At the end of the day, as an investor you know to only take up offers that would be very advantageous to you, offering help in the form of information campaigns is the most we could do these days, since the market's pretty much not worked up its appetite yet and it may not do so for a couple of months to a year.

I would highly suggest that you work with people who have already worked on a little bit of interest with crypto and bitcoin next time, preferably those who have made their initial pros and cons research so it's way easier dispelling fears and promoting good ideas.

Razmirraz

sr. member

Activity: 1316

Merit: 422

You can only recommend Bitcoin to people who are ready to lose their money when the market crash. Asking you to return the funds when the amount decreases after making an investment indicates that your friend is not ready to take risks, tell him there is no investment that does not have risks. Personally I don't want to risk anything I've never done. If he tells me to return his lost funds, then I will be the first to prevent him from investing because I don't want his selfish nature to harm me in the future.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

I try telling my friends and office mates about crypto and tries to let them understand the advantage and the benefits of having crypto in their pocket , but not to the extent that they will put the blame on me if the investment did not favor them.
because it is their money and they are the one who must be responsible for that amount.

legendbtc

hero member

Activity: 1288

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: Bellarg on April 29, 2024, 01:52:07 AM

It's better to never give any financial advices to people. They will always blame you in case of any losses and some of them will even not be grateful for advice in case of profit

I also think so, it's best not to give any financial advice to anyone because we don't get any benefit from them but we will be blamed if their investments lose money. So, don't waste your time doing things that don't bring you any benefit or profit.

I rarely give investment advice to anyone, including my relatives. I don't want our relationship to fall apart just because of money. If someone wants to invest and is serious about it, they can search and research online. In today's technological age, finding anything is not that difficult. If they can't even take the time to learn about investing, it's best not to invest.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: TheUltraElite on April 29, 2024, 04:22:04 AM

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.

As much as possible, don’t dare to advise people financially because the moment they will follow what you say, that also means that you’ll be held responsible whatever circumstances that may appear in the future. Even if you tell them be responsible of their own actions most especially when money is involved, still I don’t think that will work in the future. Just give them ideas where to invest, but don’t advise them on what specific investment they’re going to risk their funds.

Introducing bitcoin to some of your friends or relatives is never bad, but the moment you give them guarantees that it’s highly profitable and reliable, that’s where you created a big mistake.

WatChe

hero member

Activity: 1078

Merit: 566

Quote from: TheUltraElite on April 29, 2024, 04:22:04 AM

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.

Money is a sensitive issue and never ask your loved ones to invest in areas which they are not familiar of. It's a human nature that if you advise someone for any investment then they will blame you for the loss but not give you credit if they had profit. BTC has a huge community distributed globally and we don't need to force people to come and invest in BTC until they came with there own consent. It's our duty to tell people the benefit of BTC but investing in BTC must be there own decision.

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: Blitzboy on April 29, 2024, 05:57:52 AM

Personal responsibility is Bitcoin's key. Its a new money world, and if you're not willing to learn how the blockchain works and how to secure your assets, you're in for a difficult ride. Nobody should rescue a lazy person who made a wrong decision. This is a new frontier, not your grandfather's bank. You have control, but that means taking responsibility. Our decentralised system can improve lives, but people must take responsibility for their choices.

Your message of self-education is correct. Say it again. More people understand Bitcoin's technology and philosophy, the less likely they are to stumble and the more likely we are to see its potential.

Very large players are interested in Bitcoin, for me this is a sign that it will grow. This is still a very promising asset that can bring good profits, so it is simply stupid to ignore it.

But I would never recommend it to anyone as an investment, everything related to money should be an independent decision of each person. Why would someone advise Bitcoin as a good asset for investment, and then worry that someone might blame you for their problems, especially since you don’t know how another person would act in a given situation, for example, sell earlier than they should and because of this lose money.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: GxSTxV on April 29, 2024, 05:50:06 AM

Quote from: EluguHcman on April 25, 2024, 04:13:43 PM

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

There are thousands or more tutorials and courses to learn and educate about the Blockchain system and Bitcoin in general, meeting someone with this mindset of throwing responsibility for their own actions is so annoying to me. If I ever decided to teach or introduce Bitcoin to someone else, First of all I would mention to him that what I am doing is what I believe it is good, however the responsibility is yours and only yours for whatever happens next to your funds.
As long as you are not getting paid for the time you are offering to this lady, why would you bother taking the risks if she ever experienced loss in any way possible, she may lose access to her wallet, get hacked or lose some of her investment, you are not the reason of it then why should you bother yourself or feel bad about it, In my place I would just ask her to do her own researches.

Personal responsibility is Bitcoin's key. Its a new money world, and if you're not willing to learn how the blockchain works and how to secure your assets, you're in for a difficult ride. Nobody should rescue a lazy person who made a wrong decision. This is a new frontier, not your grandfather's bank. You have control, but that means taking responsibility. Our decentralised system can improve lives, but people must take responsibility for their choices.

Your message of self-education is correct. Say it again. More people understand Bitcoin's technology and philosophy, the less likely they are to stumble and the more likely we are to see its potential.

GxSTxV

hero member

Activity: 980

Merit: 742

Quote from: EluguHcman on April 25, 2024, 04:13:43 PM

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

There are thousands or more tutorials and courses to learn and educate about the Blockchain system and Bitcoin in general, meeting someone with this mindset of throwing responsibility for their own actions is so annoying to me. If I ever decided to teach or introduce Bitcoin to someone else, First of all I would mention to him that what I am doing is what I believe it is good, however the responsibility is yours and only yours for whatever happens next to your funds.
As long as you are not getting paid for the time you are offering to this lady, why would you bother taking the risks if she ever experienced loss in any way possible, she may lose access to her wallet, get hacked or lose some of her investment, you are not the reason of it then why should you bother yourself or feel bad about it, In my place I would just ask her to do her own researches.

Cryptoprincess101

full member

Activity: 266

Merit: 120

Quote from: EluguHcman on April 25, 2024, 04:13:43 PM

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

That's the reason why I don't like introducing anyone to anything that involves risk of losing money or anything that involves chances because they will put the blame on you when things go wrong. I have seen a friend laying curses on his cousin for introducing him into gambling because he became addicted to gambling to the extent he sold everything he had but to no avail.
Let me not move away from the discussion here, it is very wrong for you to introduce anyone to anything that has probability of gaining or losing but if they come to you to know you can teach them and also let them know the risk involved so that if they don't succeed they won't blame you for their misfortune because they were the one can came to you.

jcojci

full member

Activity: 784

Merit: 115

Quote from: TheUltraElite on April 29, 2024, 04:22:04 AM

I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.

We can explain Bitcoin as a new investment to friends or family but we should not force them to follow what we do. We also need to explain the risks behind Bitcoin investment so that they can understand and learn how to reduce the risks. Sometimes they will try to learn something new but we should not force them. Let them decide for themselves so that they know that when they decide to invest in Bitcoin, they must be prepared for all the risks. We can guide them in the initial stages of investing, but we also need to direct them to learn other things and make them learn on their own so they can increase their knowledge.

teamsherry

member

Activity: 224

Merit: 68

Bitvest.io★ Play Plinko or Invest!

This is crazy man, if I were to accept that deal I would also have a part of her profit for sure and I should be taking more than her or 50/50 at least. And I can't agree to give her the entire money back, at least a portion of it.

But she woudl also have to agree to hold for long term and not short term cause that way uts more guarantee to make profits, i won't engage in any short term investment theses its far risky and you don't know what yo expect from the bull run or bear market, so i rather stay off.

Topic: If someone you introduced to BTC says the risks of her funds is on you - page 3. (Read 1029 times)