Reason why I will never help anyone to invest in crypto - page 3.

Russlenat

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Quote from: tvplus006 on January 26, 2023, 12:19:30 PM

Quote from: Outhue on January 26, 2023, 01:30:21 AM

...If you are in same position like me, no matter how much you like someone or want the best for them do not help them to invest in crypto, they are lazy asses who can't get anything done on their own, and this type of game I don't play it because, in the end, you will become their enemy...

If they do not want to invest independently, but only want to make a profit, then they need to be recommended to use the services of a management company. In this case, the risks of losing money will be much lower, since professionals will be engaged in investing, but their work will have to be paid.

But that won’t make them good investors in the long run as they become even more dependent and more reliable to other party. However, I would advise them instead if they don’t understand crypto yet, then never enter crypto investments. Instead, they can DYOR as much as they can because that will build their knowledge and understanding on crypto. But if they are lazy enough to do that, and just want others to do it for them, that’s their choice, but they also have to paid their services.

The Cryptovator

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If someone asks which coin they should invest in, I ignore them. Actually, this is a silly question because every person has a different preference when choosing a coin. I only explain that there is risk because anything can cause a coin to become zero at any point. Luna is a lesson to us. When someone asks me about cryptocurrency, I always collaborate to provide the best information. People should be educated the proper information so they can make their own decisions.

Onyeeze

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I can only tell you of cryptocurrency but i won't tell you of the investment due to the lose that's involve for the investment, sometimes some people blame who introduce them in crypto investment when the investment goes wrong and it's also happen in outside investment the remedy you can give someone who is new in business is the necessary steps of the business but don't force the person to invest because of the lost that will possibly involve that's my peace of advice.

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Quote from: bakasabo on January 26, 2023, 03:29:06 AM

I completely understand you Outhue. There is such a category of people, that either are afraid to take responsibility, or lazy to do research themselves. This is not only in crypto. For example I have personally faced people, who have asked to advice which car to buy, but later, if something breaks in it, the person that helped them to choose that car was responsible for it. Or I was asked to help to choose a laptop. I have suggested either Macbook or Lenovo. The person have said they are expensive and bought cheap Toshiba, that turned into crap after a year. Me and laggy Windows were responsible for users bad experience... Same goes with investment, purchase or taking a decision in something.

Luckily, I have not met people like this that ended up my enemies because I usually tell them if you want to invest in crypto, be responsible to make a thorough research and when you think you are ready enough, you can start investing in a minimal amount. You can look at YouTube as your reference, there are free videos out there about investing. So in this way, I am avoiding myself not to be involved with their own decision. At least if they start losing, I will never be blame for that.

salad daging

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It's exactly the same as what you told me, I experienced something like this with people who don't want to learn but they see it from the side of success, not with losses or even thinking about the risks. I say people like this are obviously very annoying, they have no stand for the investment they are doing.

Once someone came to my house and wanted to learn how to invest in crypto, so I taught him slowly, starting from the basics, about this knowledge and for 1-2 days he wanted to learn, but after that he was lazy to study again because he thought it was complicated and didn't want to work hard in understanding it, he just wanted to invest because he was tempted by the increase, he even offered me money to invest, he was free to choose any coin as long as he could profit from the investment money, I obviously refused because I didn't want there to be a bigger risk in my responsibility, then I told him "you are lazy and don't want to learn about this" and I didn't want to meet people like that because it made me lazy to give material on how to invest.

Enough for people who understand and have experience to invest in crypto and don't need to rely on others!

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Quote from: EarnOnVictor on January 26, 2023, 11:41:49 AM

I share in the plight of the OP, I learnt my lesson while I was investing for people in traditional trading and investments, it's not worth it. Investments always have risks, and only the experienced could understand. Your efforts would be downgraded if you lose, and no one is perfect with investments. Specifically, cryptocurrencies have their good and bad days and no one knows it all, especially at a time when the market would frustrate investors.

And if you lose, you would know how to handle yourself and let go if need be. But if you lose another person's money, it might be a whole lot of problems for you.

Imagine you as the investor going through all the stress alone, those people who gave you their money to invest for them are busy sleeping at their homes with no worries, we all know that crypto investments can be stressful, there are few things to deal with, emotionally and mentally and physically, it's like you are been used for nothing, nah I will never do such thing for a fellow human being, they need to get in the game themselves and know how it feels.

Wakate

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I would never advise anyone to help people to invest which is the norms we need to follow or we might end up paying for what we are ignorant of. The market is not friendly right now so we need to be very careful how we advise people to invest in cryptocurrency because if anything goes wrong and they eventually lose there funds, they might come for us and get us arrested for what we have no clear reason about. We might end up bearing the risks alone looking at the way things look right now.

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Quote from: Awan putih yang cantik on January 26, 2023, 10:36:25 AM

indeed there are always people like that in this world, who want profit but don't want to learn and always rely on others. but the OP that you did was a good move that way they would think and learn independently.

Yeah, I'm sure Op had no bad intentions when he introduced his friends to Bitcoin but it only just happened that they are part of those set of people who are looking for where they can benefit from without having to risk anything at all.
This will serve as a lesson for Op so that whenever he wants to handle people that falls under this category next time he'll know how to treat them.

tvplus006

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Quote from: Outhue on January 26, 2023, 01:30:21 AM

...If you are in same position like me, no matter how much you like someone or want the best for them do not help them to invest in crypto, they are lazy asses who can't get anything done on their own, and this type of game I don't play it because, in the end, you will become their enemy...

If they do not want to invest independently, but only want to make a profit, then they need to be recommended to use the services of a management company. In this case, the risks of losing money will be much lower, since professionals will be engaged in investing, but their work will have to be paid.

DaNNy001

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I actually had some of my guys who actually insisted i should teach and tutor them on how to get a bitcoin or good crypto investment as they have been hearing about stories in the internet on how people are making it through investments in crypto currency and adverts of some exchange platform in my locality trying to get investors to their platforms. With the fact that they have been seeing me always surfing the bitcointalk website on my phone. But i had to thoroughly explain to them that cryptocurrency itself is not a get-rich-scheme that one can make lots of profits overnight and I had to browse out many cases of some altcoins that turned zero all of sudden resulting to many investor losing their money, i actually emphasize on more on the negative side of going into a cryptocurrency investment and they were all amazed how am still having anything to do with bitcoin and crypto after all these things. But i referred them to the forum for them to gather more if any is still interested after my little heads up and it turned out only one of was still curious to know. So l feel if you really want to tutor anyone into a crypto investment, the risk stories attached to an investment should be to more than the success stories.

coupable

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Quote from: Outhue on January 26, 2023, 01:30:21 AM

If you are in same position like me, no matter how much you like someone or want the best for them do not help them to invest in crypto, they are lazy asses who can't get anything done on their own, and this type of game I don't play it because, in the end, you will become their enemy. It's already happening and I just ignored them.

I have gone through the same situations many times. Many of those around me, who know that I am experienced, try to inquire at the beginning about the type of this investment and its prospects, but as soon as we talk about some technical basics, most of them are not enthusiastic about further knowledge and offer the idea that I invest their money for them without even knowing what they are putting with their money in.
Even if the person who asks you is a member of your family or a relative with whom you have mutual trust, helping him to invest in Bitcoin does not mean that you bear part of the responsibility for that investment.

decodx

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It sounds like you've had some bad experiences with people who wanted you to help them invest in crypto but didn't put in the effort themselves. I get it, it's frustrating when people are lazy and expect you to do everything for them. But, you know, everyone's different and maybe they just had different priorities or circumstances. Everyone's experiences with crypto can be pretty different depending on where they live and what resources they have. I don't mean to be a jerk but it sounds like you're being a little judgmental about their situation. It might help you look at them more sympathetically if you knew that a lot of people around the world don't have access to basic resources or education, and are out of options. Sometimes they're just trying to find a way out because even selling their labor isn't an option.

Coyster

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Quote from: Outhue on January 26, 2023, 01:30:21 AM

Is anyone seeing the same thing in their city or country?

Absolutely; i have friends of mine who know of my interest and enthusiasm towards cryptocurrencies, and more often than not they try to cajole me into telling them a particular coin to invest in, the amount they ought to invest in it, when they should invest in it and when they should sell, more often than not i use their questions to educate them about crypto generally without giving them direct answers to their questions or choosing for them, i teach them in such a way that with the knowledge learnt they would be able to make their own choice.

Having said that, they are never happy with that, they basically want me to give them direct answers to their questions which would mean i am indirectly investing for them, most times they get upset but that is as good as i can do, i know the consequences of making a choice for them, so i make sure i never do that, if you make investment choices for people, you are responsible for whatever is the outcome of the investment.

EarnOnVictor

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I share in the plight of the OP, I learnt my lesson while I was investing for people in traditional trading and investments, it's not worth it. Investments always have risks, and only the experienced could understand. Your efforts would be downgraded if you lose, and no one is perfect with investments. Specifically, cryptocurrencies have their good and bad days and no one knows it all, especially at a time when the market would frustrate investors.

And if you lose, you would know how to handle yourself and let go if need be. But if you lose another person's money, it might be a whole lot of problems for you.

Shamm

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Quote from: aoluain on January 26, 2023, 08:26:41 AM

I assume the OP means "crypto" rather than Bitcoin.

There is a problem currently with "influencers" who preach only positive things about
shady crypto projects, I guess it rubs off on others who want to be just like them
and don't see the potential problems with doing so.

The central bank in Ireland only yesterday released a warning about being sucked
in to investing in crypto, it's a problem, so many get infleuenced and lose, crypto
investing is being portrayed as a no-brainer get rich quick activity.

Stick to Bitcoin

Exactly mate you are right as we all know that some influencers telling the positive side of crypto which the people around him hear a good sound then for sure they need to involve in it and invest thier money knowing the positive feedback only which is not good to start in investing. As we all know that not all the time crypto have a positive or let say all the time the price will go up higher. So if we are the influencer we make sure that people who are listening to us they must know the other side of crypto not only the successful investors we give as a example to them.

Awan putih yang cantik

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indeed there are always people like that in this world, who want profit but don't want to learn and always rely on others. but the OP that you did was a good move that way they would think and learn independently.

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Quote from: Cantsay on January 26, 2023, 09:15:54 AM

It's more preferable to introduce one to something new and then teach them everything there's to learn about that thing but once it gets to the investment part, they have to do that their self. They should be the one taking the risk and not the other way around.

I remember I decline some of my friends when they just wanted to give them some money and they will just wait if ever they will have some returns, they just wanted just to invest in me and wait for some returns. I don’t like the idea since it will put me into too much pressure. I explain to them the risk and gives them necessary informations or guides where they can research for their investments or trades if ever they wanted to push by themselves but unfortunately their interest where not into crypto and just let it slip, they might think Im selfish but it will be better if their the ones who will handle their money.

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Quote from: Outhue on January 26, 2023, 01:30:21 AM

There are some people like six of them who are troublesome to me, they don't want to learn but they like the success stories surrounding crypto investment, not sure about the risk side, the funny thing is they want me to help them invest and choose coins for them, to me this is like breaking the rules of crypto investment, meaning they have no knowledge about what they are investing money on.

Even if they invest what they are ready to lose it still makes no sense, no one can run crypto investment for you while you know nothing about the tech, I told them this but they believe I intentionally do not want help them. In this case they are the only ones that can help themselves.

If you are in same position like me, no matter how much you like someone or want the best for them do not help them to invest in crypto, they are lazy asses who can't get anything done on their own, and this type of game I don't play it because, in the end, you will become their enemy. It's already happening and I just ignored them. Is anyone seeing the same thing in their city or country?

I guess I'm a bit fortunate that I don't have friends who are acting like that. I only have a few circle of friends and most of them don't know anything about crypto and I don't want them to teach unless they will approach me. Most of my friends know crypto, but they don't want to invest into it for some reasons and I don't want them to push to invest.

Nevertheless, I already know what to do if that kind of scenario happen to me. If a person is lazy and don't want to learn about crypto, teach them the simplest thing to do and that is to just buy Bitcoin and hold it, but don't teach them how to sell it. If they really wanted to invest into crypto, they will find a way to learn how to sell it. Maybe try to teach them something in the most simplest way, but don't teach them how to sell it. It might work especially if they know that they invested their own money into it.

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Quote from: aoluain on January 26, 2023, 08:26:41 AM

....The central bank in Ireland only yesterday released a warning about being sucked
in to investing in crypto, it's a problem, so many get infleuenced and lose, crypto
investing is being portrayed as a no-brainer get rich quick activity.

Sad to say, many of us here think and perceive that investing in Cryptocurrency is the easiest way to get, go check here altcoin section and so you can see many threads and posts about making a profit and getting rich on a particular coin, I discourage my all my friends from investing in Cryptocurrency unless they understand the technology behind it what problems it solves.
Cryptocurrency now is being used by scammers and integrated into their platforms, two of the notorious Ponzi Scheme that uses Cryptocurrency are OneCoin and Bitconnect.
Many people still fall under similar schemes because of their ignorant of how the technology behind Cryptocurrency works

Cantsay

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I have also met some friends of mine that also behave that way and here's what I do; once I noticed that you'll skeptical about something that involves you putting your money in it, I don't even bother to convince you anymore because if that thing should fail to go as planned I'm sure that such a person is going to pressure me to pay back his money because I was the one that forced them to invest in it. And that's also the case of Op here.

It's more preferable to introduce one to something new and then teach them everything there's to learn about that thing but once it gets to the investment part, they have to do that their self. They should be the one taking the risk and not the other way around.

Topic: Reason why I will never help anyone to invest in crypto - page 3. (Read 568 times)