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Topic: If someone you introduced to BTC says the risks of her funds is on you - page 4. (Read 1029 times)

hero member
Activity: 882
Merit: 792
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OP, is the person that you suggested to invest in Bitcoin, a man or a woman? I am kinda confused because you say it's a neighbor man but you mix he, she and her when you talk about that person. Okay, it's not an important task but I would love to correct you that you use he/his on man and she/her on woman. I hope you don't mind it.

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.
That's very strange, you are no responsible for his capital gains and loses if you don't force him to invest in it. Sorry but your neighbor is a mean, you just gave him an advice and he tries to make you responsible for anything bad that may happen. When you deal with such a person, it's better to just tell them to nevermind, don't follow your advice and just get out of their life, you shouldn't give any advice to such people because they'll always blame for you for anything bad that happens to their investment and if things go well, they won't even say a thank you.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
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.
sr. member
Activity: 812
Merit: 315
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It's obvious that such people don't care about Bitcoin but their money, I would say you have all rights to run away from such people because they are just waiting for you to mess up and they will bounce on you real big.

Teach people around you about Bitcoin, but do not help them to make the investment decision and if anyone later say to you that the risk of their fund is on you, what you teach them is already a complete waste of time, walk away.

Today, many people still believe that investment is a waste of money, as they will never see a postivite result from investing, it's never in them blood to be an investor, people around them including families are not brought up in such ways, all they know is saving up money and using that for whatever they plan to achieve.
member
Activity: 149
Merit: 12
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
full member
Activity: 2170
Merit: 182
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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.

Have you put a Gun on her to invest in crypto? you only introduced this system to her meaning its own desire that will deal in this not unless you promised her a heaven and earth if investing .

sometimes people are too greedy to make sure they will only earn but never to lose and please refrain from dealing in those kind of people because they are completely a negative one.
hero member
Activity: 1428
Merit: 592
I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.

Just to give a view may be more than enough and he can learn to understand how to invest correctly.
People are only tempted by what we convey but they are unable to learn the process.
When you intend to provide knowledge about Bitcoin to others, there is a moral responsibility to ensure they do not get a loss. If you are not ready with that then don't do it because at certain times you will be blamed for they own mistakes.

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So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.
That is why you don't need to recommend Bitcoin for others and they must decide to be involved yourself or not.
If according to him bitcoin is not a freedom then he can choose another path and you also have to say there is a level of risk that needs to be at stake when running it.
legendary
Activity: 2282
Merit: 3014
This is kind of a funny time seeing this thread as I’ve been making a massive external hard drive archive of everything in my life that I’ve saved from jpegs to audio files to video files etc and one thing I recently came across was a screen shot of a buddy saying he sent my NBA betting picks to a friend and that “I better have gotten them right” lol. To this day I don’t know if he was joking or not, but this kind of stuff is never on you, and it’s silly anyone would every try and hold someone else accountable in a circumstance of educating or telling someone about bitcoin.
hero member
Activity: 994
Merit: 1089
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.
I do not give people investment advice about BTC, it is not right to tell people to invest their money in BTC. Tell them what BTC is, and that is a p2p electronic cash that is permissionless, if they are interested in it, they will later find out about its volatility and decide for themselves if they want to 'invest' in it or not, but if you just start telling people that they can make money from BTC, they are surely going to blame you if anything happens, even if they don't tell you like this your friend did.
sr. member
Activity: 1204
Merit: 290
One of the biggest problems I've seen is that a lot of people keep telling other people to do x or z thing and aren't honest about the risks. They fail to warn appropriately so that the person who wants to buy cryptocurrencies understands the high risk involved, how to protect themselves from the high risk and, above all, they fail to warn that one should not invest money that the person knows they should not lose. Anyone over 18 is responsible for themselves, so it doesn't make sense to blame other people for your mistakes. no one forced you to invest in bitcoin

That's a harsh reality and I have witnessed that as well. People often get too excited after getting some profit from their investments in cryptocurrencies and they can't contain that excitement and eventually let others know about it and even suggest them to do the same thing. We know how intriguing it can be when someone close to us tells us about how they got success in an investment and that we should do the same. This is the reason why people do it without much hesitance.

What's unfortunate is the person suggesting cryptocurrency investments to others don't make things very clear to them, letting them know about the potential profits one can get while not mentioning about the risks involved, and those who are receiving the suggestion doesn't do research as well, and what happens is they make investments blindly and incur losses due to a lack of knowledge about the market and its movements.
full member
Activity: 2520
Merit: 214
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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.
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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.
hero member
Activity: 1960
Merit: 537
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It's fine if I being responsible with the loss, but if I made profit from her funds, 95% of the profit goes to me while she only receive 10%. Tongue

It's nothing different like taking out a loan to trade, actually this is better because I don't have to refund on time and there's no interest rate.

But if I need to being responsible with the loss and I earn nothing when my prediction corrects, that's completely dumb.

Don't tell or teach people about Bitcoin or investment, they will ask you to do for them.

The best way is to never give advice or recommend bitcoin investment to anyone to avoid unnecessary trouble . If someone really wants to invest in bitcoin , just provide them with the necessary documents and let them decide for themselves . Never give advice because we will not get anything from it but the possibility that we will be blamed is very high .

Human nature is like that, greedy and likes to make profits but does not want risks to happen to them . With these types of people, don't waste our time on them , instead focus on your own investments .
hero member
Activity: 1148
Merit: 796
It's fine if I being responsible with the loss, but if I made profit from her funds, 95% of the profit goes to me while she only receive 10%. Tongue

It's nothing different like taking out a loan to trade, actually this is better because I don't have to refund on time and there's no interest rate.

But if I need to being responsible with the loss and I earn nothing when my prediction corrects, that's completely dumb.

Don't tell or teach people about Bitcoin or investment, they will ask you to do for them.
sr. member
Activity: 1022
Merit: 277
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Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

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.

first things first, your friend was the first to ask you where to invest, you weren't the first one to insist or force her  to invest, right? It seems that you only suggested because she asked, so you should have no liability if there is ever a problem with the money she invest because it is her choice, that's why we always say that investment is risky and before we enter into something especially if there's money involve, we should have studied even if we say we know someone who knows everything about bitcoin. If you feel angry or upset because of what she said, that is valid because in the first place, you just gave a suggestion and then you will be given responsibility once her investment failed which is very wrong.
newbie
Activity: 14
Merit: 0
This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.
  I'm here to support you. I've been actively learning about BTC for less than 6 months, and while I recognize its potential, I sense that there are still barriers in place when it comes to BTC. The individuals I typically engage with have experienced setbacks with Luna Crash and FTX."
full member
Activity: 1008
Merit: 139
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This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.

I feel you on that.  I only talk crypto if someone's actually interested in learning, not just trying to make a quick buck.  But here's my take I share: Risk comes with any investment, but that don't mean you gotta gamble.  If you put in the time studying how Bitcoin works, get to know the market moves and have a plan going in, you can handle the risks way better. 

Taking calculated risks - thats how peeps get ahead in Bitcoin or anything else.  It ain't about jumping in blind and  it's taking the time to learn all you can first and being ready for whatever comes.
member
Activity: 210
Merit: 36
This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.
legendary
Activity: 3164
Merit: 1127
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In my case, I avoid giving investment advice. but supposing that someone would come to me to give them some investment advice and I was in a very good mood that day and was talking to them about bitcoin, then I would advise him or her to go and research more about bitcoin and only invest money that can be afford to lose. I would not accept a person holding me responsible for any losses they would incur because before they bought, I would be clear and honest with them when warning them of the risk of losing money and the volatility of the market. I would also warn her not to put money in that she could not afford to lose and would warn her to do long-term hodl so that she could make a profit

One of the biggest problems I've seen is that a lot of people keep telling other people to do x or z thing and aren't honest about the risks. They fail to warn appropriately so that the person who wants to buy cryptocurrencies understands the high risk involved, how to protect themselves from the high risk and, above all, they fail to warn that one should not invest money that the person knows they should not lose. Anyone over 18 is responsible for themselves, so it doesn't make sense to blame other people for your mistakes. no one forced you to invest in bitcoin
sr. member
Activity: 630
Merit: 277
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.
Does your neighbor have any kind of mental disease? And I'm asking seriously because I have never heard of anyone asking someone like a neighbor, so not even a certified financial advisor, for financial advices and then tell them that if they don't make money they need to pay for their losses. So if she makes money she keeps the gains and if she loses money you need to reimburse her? I don't know what type of relationship you have with this neighbor but if I were you I would absolutely stay away from her, next thing maybe she'll ask you to help her with something and then find an excuse to sue you. Someone who acts like that could be very dangerous.

Many are just too lazy to take risks yet they want to enjoy the benefits risk takers enjoy. People like this are just selfish and should not be given any attention,  talk less of giving then financial advice. It is even better she stated her intentions on time, thereby saving the OP from future harassment assuming she didn't make any profit from her bitcoin investment.

Bitcoin over the years has changed lots of lives and those who are willing to take the risks are cashing out and enjoying other benefits that comes with it. Stories like this are the reasons i do not bother convincing anyone to invest in Bitcoin. Bitcoin investment is no longer hidden, if they make up their minds to join the moving train, I will only guide them on how to go about it.
legendary
Activity: 3010
Merit: 1280
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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.

You can always tell her not to invest if she doubts the suggested Bitcoin investment.  There is no need for you to push or force her to invest in Bitcoin just to prove your explanation correct.  If I am in your situation, I will discourage her to invest since she is half-hearted and I don't want to be blamed when something unexpected happens to her investment.

It is a good thing to share information and opportunities about Bitcoin investment but if the interested party wants us to refund his investment if something wrong happens, it is better to just discourage the person than put ourselves in an awkward situation.

We are not paid nor we get a commission if we introduce Bitcoin to our friends, it would be unfair to us if they got interested and wanted us to take responsibility if their investment does not go their way after we had explained the risk involved in the investment.  Better to avoid introducing Bitcoin investment opportunities to these kinds of people, it will only bring headaches.

hero member
Activity: 3178
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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.
Don't introduce anybody to invest in Bitcoin or any other business without informing them about the risk involved. You don't also give anybody a guarantee that their funds are safe and it will also yield profit. Recently there have been cases of government attacking decentralization including wallets. Nobody knows the next wallet that might be seized by the government.

We cannot also erase the fact that scammers and hackers are still on a rampage in the crypto industry. There is also no certainty that she would make a profit from her investment because Bitcoin price is unpredictable. She sounded as if she was doing you a favor or her Investment will also benefit you financially. If I were in your shoes, she would get no assurance from me.
Exactly my point. I would not let anybody invest in bitcoin and expect that she will eventually gain profits after a short time, that won’t work with bitcoin. Bitcoin is a long term investment and is highly volatile, so it’s own price will always be unpredictable that anyone who wishes to make quick profits will always end up disappointed. And with that, I will be straightforward to her and tell her not to invest in bitcoin if she is not ready to lose, as anyone who’ll invest with bitcoin will surely lose at some point.
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