If someone you introduced to BTC says the risks of her funds is on you - page 5.

Ale88

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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.

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.

Moreno233

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Quote from: _act_ on April 25, 2024, 04:22:00 PM

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.

If and only if she accepts that if she gains, I will take all the profit.

It can even be 50:50. I mean if she lose, I will give her 50% of her loss back but if she make profit she will give me 50% of her profit.

But what I have told people that say something like this is that they should not invest if they can not take the risk.

This is the right thing to do and I just realized I would have used this option for some people who also displayed the character explained by the OP. I realize some people do not just want to take any form of responsibility whenever the perceive risk in the investment. Someone have actually told me bluntly that if anything goes south if I will be ready to refund him his money just because I encouraged him to buy Bitcoin. I was not comfortable with such statement so I had to excuse myself. If I had known this, I would have tabled this condition and convince him it will be an investment of at least 5 years, that would have made a very good business for us.

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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.

I'd tell her to forget what I said and that I'm not going to even help her invest from now on. She's clueless about investments and thinks she can blame her own mistakes on other people.
It's not even about bitcoin because if she told me the same thing about a fiat investment or a fiat purchase, I would have done the same thing.
Think about it for a second. Your neighbor asks you for advice about a car she wants to buy, so you offer to go with her and examine it. You know more about cars so maybe you'll spot something she wouldn't be able to. Then she says that since you're there, you're to take responsibility for any damages that might appear after the buy. Don't know about you, but I'd run and leave her there.

Alone055

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

So I recommended Bitcoin to her

You shouldn't have done that. You are not supposed to suggest Bitcoin or cryptocurrency investments to someone asking you for financial advise because even if they don't say it, they will blame you if they experience losses in their investments that they have made after your recommendations even if they didn't invest in the same asset you referred to.

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.

What else could you expect from someone who believes only in centralized systems?

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

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.

Why would you tell her that her funds will be secured if she sticks to the terms you have explained? And I'm curious to know what terms you explained to her because you clearly don't know what will happen to Bitcoin or any other cryptocurrency in the future, you or anyone else can't even know what will happen tomorrow, so how can you say that her funds will be secured? Whether we accept it or not, Bitcoin investments do carry risks as well.

Gaza13

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Your heart is really kind, friend, you still care about other people getting rich from bitcoin, but I read your story above. Your neighbor is very afraid of losing his money. What I want to ask you is how much money your neighbor has? Do you have a fixed income? If I were you, I would borrow your neighbor's funds if your neighbor allowed it. I will return it at the agreed time. You have to remember here that you have to have a steady income to pay in installments and so that they believe you will pay it off. Then you can buy the whole thing at a moment like now when prices are decreasing. If you succeed, you just have to prove it to him, of course he will regret not following your words.

electronicash

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you can turn the risk in your favor if you give a condition that you will refund her in the next halving like year-end in 2028. and she has to accept it and the profit is yours.

she's a bitch that's for sure. and i would dare not talk to her for another decade even if she is my neighbor. but i think it's good to know her already before things get worse. she will be knocking on your door every time the price goes down if you agree to her condition.

red4slash

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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 am therefore too lazy to advise new people to be in bitcoin apart from their own desire to learn about it.
Suggesting bitcoin to ordinary people then indeed must be full of patience especially if they enter into bitcoin and invest in it just because of some advice and knowledge that we provide without wanting to study it in depth then indeed things like this do not close the possibility of always happening so in this case I think you are not the first person to feel that way because some other people must also have felt the same moment.

Inviting someone to be in bitcoin is indeed a good situation where at least we can introduce a new thing to ordinary people who don't really understand what bitcoin is but on the other hand this kind of risk where they ask for more like asking too much or even asking for compensation when the money they invest has decreased in terms of value like your case it is possible to happen so it does take a big thing to teach people about bitcoin let alone advise them to invest unless from the start they want to be serious about being there and are ready to face the risks.

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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.

The statement alone where she's asking for a refund of her money if there is a loss is a red flag because if it was me I won't continue the conversation, she totally knows nothing about investment not just Bitcoin investment because all other types of investments people experience gains and losses but at the end they don't drag people who introduced them to the mud. Personally I would not continue to talk about the investment with her because if at the end she doesn't make profit issues will arise so the best response to her would be to leave her to use her funds to invest in any type of business that she wants especially the type of business that she would be refunded if she loses her money. Bitcoin investments is not for everyone the earlier it is understood the better for a lot of investors out there, if you get to meet someone who has no knowledge, interest and spare money reserved for investment that may take a while before generating profit please don't initiate the idea of Bitcoin investments to them to save yourself a whole lot of stress 😬.

Roser bouce

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

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 convincing a friend to invest in Bitcoin can be challenging and risky but it's important to educate them on what Bitcoin is and how it works, highlight the potential rewards, address their concerns, start small, show them success stories, and encourage them to do their own research.If she can't understand the points then she can go any other investment.

Y3shot

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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.

For her to make a statement like you been responsible if anything happens to her money it means she is not convinced and she don't believe in bitcoin. If I were you as she is convinced about bitcoin I will ask her not to invest, instead she should go and do more research. If she insist and want to invest because she want to make quick money, I will let her know investing is on her own risk and it should be clear to her. It is even good she opened up to you, to let you know incase anything happens you will be hold responsible. You have to let her know that bitcoin is not a ponzi scheme and people are not forced to invest.

Let her know she must only invest bitcoin when she is convinced with it and understand it and ready to take responsibility of anything that occurs. When people don't have appropriate knowledge about Bitcoin the risk they take becomes very huge, so she needs to get a better understanding first before investing.

RockBell

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Quote from: joeperry on April 26, 2024, 04:51:52 AM

I always told to the people that asks me or I encourage to invest, that investing is not plating tree that if you invest you'll earn something, it's still 50/50 and there's always a risk. I only teach them the basics like what is Bitcoin, how it works and why it is the top 1 in market share, volume and price and I teach them how to use different wallets from web wallets, mobile apps to hardware wallets and how to use exchange sites to buy Bitcoin and transfer it to their wallet and to secure their wallets also.

But one thing I told them... that I just teach you and it's up to you whether you are interested and willing to take risk to invest in Bitcoin or not. If the people that told you that you should refund their investment, then move on he/she's not ready about it.

The people don't always want the the truth if not for that how would you want to invest and you are not putting the risk into consideration people are just to desperate for money. They don't want to risk there money but they want to make money is that not surprising thats just human nature. And any investing in bitcoin should be told of the risks behind investing in bitcoin you investing does not guarantee that you will make money from it.

But if anyone is patience enough to invest and the individual is aware of the risk that investing in bitcoin comes with then, that way the person have good understanding of what he or she is going into. And and when you teaching about wallet in addition also teach them about security how to keep there shit safe and should not panic incase of price or anything happening in the market.

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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.

Then it is either you'd have a percentage with the potential profit or just leave her alone with her money. I experienced this at first hand; I was blamed because I taught him things about this industry without him, doing his part of studying this industry. What's hard is with their expectations; easy profit or fast way to get rich. It is unfair of her if she will require you to refund the possible loss. Such a one-sided deal. If she cannot afford losing an amount then no investment industry would fit here. No one is required to engage and invest in this industry therefore if you took the initiative to also join web 3.0, then it will be you to blame if outcome would be negative. There are just people who only seeks profit without considering present factors. Let them learn things on their own and just mind your things

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Quote from: hitsnorth on April 26, 2024, 05:26:54 AM

Yeah, not telling anyone is actually good advice, mostly for your safety. I don't think you should've returned the money, but I don't know the whole situation and I suppose you had reasons. The most important that the lesson was learned.

It is better to return the money to the man than to have him tell others all his life that you cheated him and that he lost money because of you. Back then it was a sum of only a few hundred $, but today that BTC would be worth a real small fortune. There is an old saying that people learn best from their mistakes, especially if they have something to do with money.

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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.

I would like to answer your question in simple terms. If someone wants to give me the profit of his investment or there is an agreement that in any situation if there is a profit or loss of bitcoins the two will be divided equally or at a certain rate. I will act according to that agreement. But if there is no such agreement then I will never hold the responsibility for loss. If I tell someone about Bitcoin I will also give them an idea of their losses. Here the liability of profit and loss totally depend oneself and if he wants to give me the investment profits from the beginning then I can give it to him in my own discretion if I think so. I will never give him a share of the loss if he doesn't give me a dividend if he makes profit on his investment.

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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.

Well you shouldn't be worrying about this or going on with the condition if you know you are not running a partnership with her and all you know is to buy some btc for her and send to her wallet in her custody to monitor the progress. So if you are freely investing for her without any benefit or gain for you, maybe a percentage of the investment to you, if there are nothing of such or other encumbrances in the investment , you don't need to bother yourself with going in for such investment.

Investment is between risk and gain and anybody that is ready to invest should also be ready to take whatever comes from their decision to invest their money. Your duty is to show her what she needs to know, do a little convincing but not forcing her. It is when you pester on someone like that then she wants to hing on that for you to give a risk guarantee for her investment where you will bear part of the risk brunt incase it fails. So the question is are you running investment partnership with her? If the whole of gains goes to her then loses too should go to her.

Hypnosis00

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Quote from: yazher on April 26, 2024, 09:01:54 AM

First of all, you guys need to understand the basic principle of telling anyone about anything which is to see if they can comprehend everything you are about to say to them because one mistake could cost you a big trouble which happens especially when it involves some money. That's why I only choose the friends I have who can understand the way of the crypto market because I can't afford to be blamed in the future if something happens to their investment or lose their money in the midst of their holding some huge amount of bitcoins or any other altcoins. If a person blames you for telling him/her about crypto which leads to their investment, then you better avoid them and just be silent about it.

If not always, it is probably most of the time it happens - a teacher carries a huge responsibility of the listener. Whatever happens to them, they will come back to us and question us why it happened. If we introduce Bitcoin to other people, in case it fails, certainly they will find us back and say we are a bad guy and a scammer without understanding that it was their responsibility to take care of their investment, not the one who introduced it. That is why it is not just we introduce Bitcoin to them but also, we need to educate them first and must be clearly understood by them that it is not our obligation anymore.

Plaguedeath

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Oh look, I would play dumb or act like a Bitcoin naysayer, so this will make her lost interest to discuss about Bitcoin with me. Since she didn't want to continue the discussion, so I won't risk my reputation just to explain what is Bitcoin, teach her and responsible with her loss.

No drama and no loss, it's great right? Wink

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First of all, you guys need to understand the basic principle of telling anyone about anything which is to see if they can comprehend everything you are about to say to them because one mistake could cost you a big trouble which happens especially when it involves some money. That's why I only choose the friends I have who can understand the way of the crypto market because I can't afford to be blamed in the future if something happens to their investment or lose their money in the midst of their holding some huge amount of bitcoins or any other altcoins. If a person blames you for telling him/her about crypto which leads to their investment, then you better avoid them and just be silent about it.

jcojci

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Many people will act like that person to someone who introduces something to them. This is normal because they don't know much about new things and take these new things for granted. We don't need to be angry with that person because we just introduced Bitcoin to him and he will decide. If he is not interested in Bitcoin and says so, we should leave him and let him find what he wants.

We can only tell other people about Bitcoin, but we cannot force those people to follow our advice. That is each person's decision, and as long as we have explained what we can do and provided sources of information so he can learn more, that is enough for him.

retreat

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

-snip-

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.

What a stupid woman she is. It seems he doesn't understand the risks of investing and how he can make money from it. Luckily you understand what he means and immediately avoid getting involved further with him, because these types of people are the people who should be avoided when we are dealing with money with other people - even though you are just giving him investment recommendations. It's natural for you to be angry, because if it was in a position like that, I would also be angry with a human like that.

Topic: If someone you introduced to BTC says the risks of her funds is on you - page 5. (Read 1029 times)