Topic: Reason why I will never help anyone to invest in crypto - page 2. (Read 568 times)

Tenille Dashwood would say, "If you want it, go for it." Take a risk. "Don't always play it safe, or you'll die wondering." Some lazy asses enjoy hearing the success story, but are too afraid to try.

I remember in the late month of 2021, I made a little fortune from one altcoin that is not doing so well now. It came as a surprise to me that day, I was in a sim card registration shop trying to register a new sim when I received a beep notification on my phone. I checked, and it was a Trustewallet notification that read, "Token has increased by 181%+." I open my wallet and I was seeing $800+."

I was overwhelmed with joy, so a guy by my side asked why I feel so happy, and I told him my token just appreciated way more than I expected. The guy collected my phone number and asked if I could teach him how to invest. A few weeks later, I was teaching him what little I knew about crypto then, but he lost interest and asked if he could give me money to invest for him and I declined his request. I know how long it took for that token I bought to reach that price that day; in fact, I even forgot about the token, which was why it was a surprise to me that day.

 The worst mistake to make is to invest for a friend or relative in crypto; instead, let them learn the risks and technology themselves and make their own investment decisions. 

Dr.Bitcoin_Strange 👺

Well I have never encountered any friends or people that would make me choose coins for them. Their money, their risk, their responsibility. I hope you just cut off your connections with them since I would pretty much imagine that annoyance that they can cause.

I can see that if you helped them in the end, they won't credit you for it and they would write stories about their success. Fuck that, man.
Don't just ignore them, OP. Cut connections with them also. No one's going to enable their lazy asses.

Traders and investors should always be responsible of what they are doing in the first place. Otherwise, they will not be effective and successful investors and traders if they keep on relying others for decision making or they leave the management of their investments into other people. It’s okay to lose, eventually they will learned from it and become good investors and traders in the process.

You are right mate,and when you try explaining to them that the market was not favourable,they won't even want to listen to you,rather they will do problem with you untill you refund the money they gave you to invest with.
I haven't tried it before,and I won't still try it too because of the risk involved.Most persons have problems with their friends and colleagues because of this single issue of trying to invest for their friends,which will end up being a trouble between both parties.What I will do if someone asks me to invest for him is to teach the person how to invest,and tell him to invest by himself.

One thing is that many people have wrong concept about "Bitcoin", some sees Bitcoin as a Ponzi scheme whereby if they could invest $x today, in few weeks time they will have $2x or more, which its never like that. So to me, I see nothing wrong with you helping someone invest in crypto (and by that I mean especially Bitcoin), in as much as you explain both the risk and advantages involved and he/she seems okay with it. Because if you don't help them, who do you think will? Because the truth is that you were once a novice like them months back, and someone guided you through the right basic knowledge needed. And now is your turn, so please let's keep the ball rolling

This is a very thoughtful reply to the post. Investment in cryptocurrency is like a battle, many lose and many wins. Many atimes we lose while thinking that we win. So there is no guarantee and it is not something that we will introduce people and give then the confidence of winning.

To tell you how difficult it is here. Here is the only place someone will give you advice finish and tell you that he didn't give you advice, that you should do your own research. It is risky here

I am in your position during 2017 until right now know about Bitcoin or altcoin and I have reached enough profit never interested help or ask the other for investing in Bitcoin. Thousand time your success teach or educate many people earn much profit with Bitcoin investment and there are have one or two person got loss all your kindness or your success before blind.

Cryptocurrency and Bitcoin investment never have higher reward commission and I don't think necessary to teach and ask many people for investing in Bitcoin, not problem about single fighter investing in Bitcoin because when market drop we face by our self about how much loss and the same when earn much profit.

Well I have been here since 2018 and about 5 years now, correct me if I am wrong. Then I was putting efforts on bounty and some how it was good then not now scam projects are floating everywhere. When my friends noticed about me they began to ask me about the secret and I told them and they choose to join the forum to start doing bounty's with me.

Cut the long story short, after 2020 and above bounty doesn't pay as usual, then I make a decision to leave bounty and focus on investment which I did. Although I was only using some of my reserved funds for the investment they also asked me I told them my changes of plan, so then I got some coin that I was really cool with on cmc and invested. Same people wanted me to also choose some separate coin for them to invest as well, and I said no.

That was when I became an enemy with them, saying I don't want to give them coin to invest that I am too greedy that I want to make all money alone in crypto. What I did was to tell that this is most difficult part of my life to do for you rather you choose by yourself because I don't want to be labeled scammer or someone who made away with their funds.

Your friends are just after the profits but don’t want to commit themselves investing in crypto. It’s like they just want to reap what you sow, because you’ll be the one to take the efforts and make wise decision so that the investment will end up successful. So it’s just right that you decline their offer, because even if you accepted it, of course you don’t want to deal with for the rest of your life and take their blames when they are already losing. If they want to invest, then they should be responsible to manage it with their own knowledge and skills.

That's why I never give my relatives or friends any investment advice. Many people say we should share bitcoin with those around us, that's how we make bitcoin more popular as well as help others have a good life like us know about bitcoin. But as an investment, there is always a risk, just because we make a profit doesn't mean that others will also make a profit. Investing is a battle in which there will be winners and losers, even we ourselves are not sure that we are the winner, so recommending to others is like bringing disaster to the body.

I always choose people who I'm going to invite or help into crypto These people are open-minded and don't blame others for their actions, I have dealt with these kinds of people OP has the experience,d and its really stressful, that is why I have changed my approach for people to help start in crypto, these days once I see any red-flags or negative or hostile attitude, I just simply say, that research them and look at this videos, and my problem is solved.

Sometimes, I feel the idea of what could be lost is underrated for most of these new investors and as stated in OP, I think this is one of those cases. With all the success stories in your neighbourhood @OP, about cryptocurrency on the whole and even seeing how your doing, it's not our of the nor.al for your pals to want in. The bad news is, not wanting to to the work. You can't he lazy about and hope to eat and claiming to understand a risk prior to even trying to study the risk means, they don't understand any thing at all and therefore, don't deserve a seat on the cryptospace investment platform. These guys are profit seekers and won't want to have any loses, their case can't can't different from what they hear and that's not good for you.

I would say, you don't let people push you around to do what you don't wish to, not when you are to blame when it goes wrong. It doesn't matter what the promise, you just keep to your rules.

Yes definitely! There are a lot of people riding the cryptocurrency hype and they jump on this train without fully understanding its fundamentals and foundation. The funny thing is, after these people ignore to understand it, they seemed to be perplexed and confused after they check that the price of BTC plummeted. Unfortunately, these are also the people who spread false information and create a stigma that investing in BTC is a scam and a bubble.

If a person wants to invest into something, they must fully understand what they are entering to. If they blindly invest into something without even knowing what they are buying, then chances are that their investment may fail due to their decision of prematurely pulling it out.

If they don't know it from the way they understand it then giving advice is not the right solution, they will blame us during market correction for not having knowledge about market correction, so let them grow from their own knowledge and if asked for investment advice for top coins then I will provide the solution but they should do their own research before investing and be responsible for the investment.

It's very wrong to invest for somebody in a tech he has no idea of, no matter the affinity such person and you share you just don't do it. One might feel of you don't do it for them it might affect your relationship with them but it's better that way cause should you invest in their stead for them and things got bad you might equally lose both the relationship and attaining a bad name alongside.
Like how do you explain to them on how their money vanished into thin air just like that? But if they understand how the process works it' could be much easier but still allow them to do their investment themselves.

The truth is no one wants to take responsibility for picking out the wrong coin and they would rather delegate this task to someone else who can take the risk and watch from the sidelines.. But tbh to survive in the crypto verse one has to be willing to get the knowledge of this technology and different projects around.

Good thing you were frank with them, with time they will need to fish out the best coins to invest in by themselves. And for the sake of your own peace of mind just point them in the write direction and they will get it.. Like riding a bicycle or driving a car.

If they can’t be responsible enough on their own selves, then how can they be responsible in their investments as well. People like these would only want shortcuts and would want quick profits but never have the courage to make efforts that will make them successful. So I won’t also give them the help they are asking but rather encourage them more to learn bitcoin investing on their own way, by studying how those successful investors have reached their position now.

No matter how close we are, I will never invest or collect your money to help you trade with it, if you want to make money from cryptocurrency, then you should be ready to learn, you won't just seat in a place and be expecting profit, funniest part is that some of them might be thinking you are cheating them which can cause another problem. If you want to trade or invest, I will take my time to explain everything to you but I will never collect money to invest for any of my friend, even if the person is my family member I won't do that.

It may be more from trust and not because they are lazy as you have said for asking you to invest their money for them. It is not easy to trust people with your money and if anyone is doing it with you it is likely because they trust you that much.


That behavior is common everywhere, people blaming others when it goes wrong especially when it is lost of money. But that should not stop you from investing for others and helping them make money. I can do that if someone asks me to invest for them.

Very wise of you OP. This is something to be avoided because this individuals are after quick money and cryptocurrency of course is not a Get-Rich quick scheme, It is better to encourage these person's to actually get the knowledge for themselves instead of wanting to depend on someone. The bad thing about these lazy individuals who do not want to get things done on their own is that will be easy victims to scammers who tell their victims that they can invest for them or that they show their clients the best coins to invest in to make profit.