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

Some people are always looking for an easy way to success, not realizing that knowledge is the key to success.

Their main goal at this point is to trap you in case the market falls and they lose their investment. However, you made the correct decision in instructing them to learn it on their own because once they have the knowledge, they will be able to minimize risk and understand the fundamentals of Bitcoin and Blockchain.

Helping someone invest and convincing someone to invest are two different things, maybe the person is convinced and wants to invest but don't know how to then I can he him with the investment process,

But you see convincing people to invest in crypto without telling them the ugly side of it, maybe you just told him about the profits without telling him that it's a risk then unfortunately the value falls down just consider yourself in trouble because some people will actually take it personal with you , except few that understands.

Hehe.....
Why should anyone Lure me into accepting the idea of investing for them either with their cash, or with mine, for the fact that they're afraid of getting into the crypto journey themselves?? I mean what the sense in that?? So when everything goes wrong, they'll get to blame or sue you for deception and fraudulence?? Not me!!
No one is actually controlling the system, not even me I only invest just like every other person does and if it prolly gets to its tip, I take my profits. Hope you're not actually feeling bad for having em peeps you introduced into crypto ahead of you?? Cus why too?

Sandra 🧑‍🦰

If there is any reason why I won't help anyone invest in crypto is because,
Is not everybody that have a mutual understanding of cypto, so many persons believe crypto is all about profit which is not true, and if they witness any loss they will tend to blame you who introduced them to it and blame you for introducing them to it,

As for me I will invest in my crypto myself and bear both my profits and losses, I wouldn't want to introduce anyone to crypto only to be blamed if the have loses...

Better just to make a head up to them and like their totally mentor just like following all the things you've said because we know the market and volatile it is and we know how people really care about their money just give them the information they need and not take them what ideally they need to do because there's a chance if you make a mistake there's a blame might happen even though you just want to help them, or else make a conversation with them to exchange ideas to make yourself too knowledgable what did they experience.

There are a lot of people who want to make a quick profit. But, seriously, are there many places nowadays where you can get something without risking anything, with no experience, and in a hurry? I don't understand why people don't ask this question. Yes, we see a lot of beautiful stories on social networks, and maybe some of them are really true. But more often than not, few people like to write about their defeats, about those roads on which people lose a lot before gaining experience and succeeding.
True friends should always tell the truth, even if it is cruel. Therefore, if someone wants to help with investments and has more experience than his friends or family, they should start with the bitter truth about the losses that can be inflicted by interacting with cryptocurrencies. There are a lot of little things, and before taking risks, people should learn about every little thing, which in their case can play a decisive role.

Is there still this kind of person? This is really funny.
I think a lot of people post their profits on social media, and talk a lot about those advantages.  I always see a lot of people like this on social media, especially Futures traders. Maybe they're proud or they're intentionally trying to entice others to join in because they're curious.

Everyone may be different, nor will I teach if they don't ask. Because I don't want to be blamed for their losses. Even though I used to teach and start with the risks and disadvantages at first. But they still don't want to lose. Even though I have told you, every beginner has nothing to lose for the initial process. Because I used to be like that, but next I can learn and benefit. My experience is that it doesn't happen to people, because they don't want to survive, they tend to immediately want to make a profit.

Lol, the typical person who is silent when they are lucky, talks a lot when they lose.
Same in my position, that was about 3 years ago, they became excited when they heard success stories and were discouraged when they started talking about risks. And yeah they think risks can be easily avoided like turning the palm of the hand if entrusting everything to "experienced" friends.

Some people don't really know about cryptocurrency and they don't care to know about it, they just hear people saying they are making money from cryptocurrency and they will also want to start making money that's why at the end they are always scammed. Why will you want to make money and you won't be ready to learn, they are looking for free money, that's why you will see some people looking for signal groups, they are looking for people that will just give them signal, immediately they enter the trade they will be in profits, most of them don't want to learn how to do analysis.

I have also experienced the same thing with some of my forks who want to make their investments decision andchoicese based on my observation and prediction, but my fear always is what the result of a bad market will be since they have solely become dependent on me to choose for them what investment decision to make,  but that is not possible because I can't have anyone blame me if their investment goes wrong. But if they make the choice themselves they will learn to take responsibility for their actions and make better decisions in the future since there will build more confidence in themselves some of them are not willing to take that long walk, and there prefer being fed with every information their need all the time because their ether lazy to research and seek knowledge.

It's enough for me to help other people to invest in crypto, starting from helping me get on the exchange, choosing coins, and also doing trading activities. I had to do this because I was still a family and he kept asking for help. This incident is quite long, but this is what makes me a very valuable lesson, whoever it is, it's better to avoid this. Because, when they don't have enough knowledge about crypto and they invest in crypto because they are tempted by many profits, then they will only focus on the hope of these profits. Even though we have explained many times about the risks and also I cannot guarantee this investment, and they have said many times that they are ready for the risk, in fact, it will change. Yes, that will change when they check their accounts and find their assets declining due to the bearish phase, they suddenly blame us, and judge that we are not serious about helping them. This is what's troublesome when we have to explain many times, from beginning to end, but it won't be heard because of their disappointment that didn't match expectations. And finally they sold the asset at a very low price. Even if they want to be patient, holding Bitcoin for the long term will be better. That's why, from that moment on, we will no longer want to help others to invest in crypto, no matter what they want. I would rather direct them to really learn first and invest after they really understand, and not with my help.
So here, I totally understand your feelings.

When it comes to helping others invest in anything alert from Bitcoin or crypto it's best to let them do it their self. To me I will keep on saying it investing for someone is one of the dumbest thing I will ever do.

And this also applies to many aspect of our lives, if you see something that will benefit others it's great to let them know, if possible teach them how to do it but never in your life do you ever try to do it for them. Let them do it themselves if it's something they find amusing or if it's something they can work let them continue if not let them find other alternatives.

I'm glad you didn't accept to either buy, hold or even invest Bitcoin for any of your friends and I think they know the risk already but they're now looking for who will bear the burden of doing all the emotional work associated with crypto while they sit and hope to get paid without any effort.
I'm glad you know that investing Bitcoin fir someone else is wrong but it will be wise that you let them know if the risk involved and also talk about the percentage of risk you'll share while holding the coin just incase things go sour, that if you must help them to invest.

Well it has once happened to me also,my was one of the cyptos that I was growing with back then and it was called Drive go. He saw my success and he asked me when I did explained everything to him but he still was asking me to trade for him, but I refuse and we went mad at each other,so after the I calm him down I have to show him how everything thing work, I show him all the risky and every other thing too, you make the trust you and make them believe that it not a scam.

It's better for you to remain indifferent even if they insist on getting investment knowledge or something from you. Because when you start not caring about their stubbornness, of course they will find someone else to ask about this even though one day you will also be considered an enemy by them because you don't want to teach them about investing or something like that now. But I think it's normal because everyone also has the right not to teach everyone in this very risky job.

You do not do that in the first place because you already know what will going to happen. If they want to invest they should do it on their own because it would be your fault if you help them invest into something that they don't know. You can help them invest if they are ready to accept the fact that their investment might gone for good or it will be a profit depending on the market situation.

Don't please people if they think you are a pushover be savage when it comes to investment. OP was right for what he/she did.

If I were in your shoes, I don't think I'd do what they think because, in the end, I and they will be enemies no matter what they think, like maybe I don't want to help them invest or I don't want their progress, but if they keep insisting, I will like them to know what the risk is in investing and we will have an agreement first or in fact I will get an evidence to be my support incase something bad later comes up, but seriously investing for someone is not advisable because it is a risk.

It will always cause problems if we collect their money just to trade for profits that are shared equally. I think this method is wrong and shouldn't be done because you have to start your own way, not with other people who only rely on this, you have to keep it away and I don't want to do this too risky.
It's true that it's better to do it as a noble duty to teach them in terms of trade and investment, while to start the action, let him alone and never interfere in these matters, maybe we will be considered as fraudsters if we take money collection then the profit is not as expected, this which need to be avoided.

We already know the character of friends not respecting us after they benefit from the investment advice we have shared, I will also ignore them because I don't have time to care for them and maybe just suggest to them to teach themselves about crypto so they will appreciate the advice other people and can be responsible for the risk of coin investment.

It was nice that you never gave in to their request and just let them be. Naughty people who are unwilling to learn about and invest in cryptocurrency because of the risks involved should never be encouraged or persuaded to do so. They'll know in time whether they made the right decision in investing when others did. It's not a forced investment, and it's great that you didn't force any of them to join either.


This is very common in my city and country. A place where the majority of the youths are unemployed, and the few who show interest in doing something worthwhile to make a living will be the slackers who hear about this opportunity. What you're experiencing at your location is no longer unusual, and it's common in most parts of the world.

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. 

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.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

That's why we should always tell those optimistic friends or relatives or strangers that we talk to and shown interest in investing in crypto that, before investing they should know what they're investing. It's the first rule of all and even the best investors do that.

Just like what we're seeing, those known investors like Warren Buffett, he's not even in crypto because he don't understand it even if we testify in front of him on how it changed our lives and how it's a real money, a real asset that he can surely invest with a little of his money and make a lot from it.

It's simply because he don't understand it.

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

the story you tell is almost the same as a beginner who trades by following trading signals from the telegram channel. they want to do activities but don't want to think too much. until whenever such a person will ever develop. because they will only rely on other people's abilities without knowing anything.
I support what you do for your friends. they must know the true risks of crypto investment. rather than just asking for advice from you, they should be able to learn a lot.

I think that human psychology does not depend on the city or country. If your advice is good, they won't thank you. If you make a mistake, you will hear a lot of negativity.
If Financial Advice is not part of your job, then it's best that friends and family don't know about your passion for cryptocurrencies.

I really understand the dilemma of the OP. I have same situation in my office when they knew that earn huge profit from my crypto trading. They are very eager to learn how to do what I’m doing but the problem was they didn’t want to DYOR instead they are keep asking me on what’s my personal opinion for their own investment and what to but. They want to copy my trade but I’m not comfortable doing that since I ‘m taking risk for myself and I don’t want to be blame when they lose using my trading advice. I decided to ignore them and just give them some website to study for themselves.

At the end, They didn’t pursue crypto investment but I’m still happy that they didn’t since I know that they only want quick profit and they are not interested on the technology behind it.

Almost everyone encounters those set of people who do not want to stress themselves, does not want to take responsibilities and don't want to take charge of anything. What they want is to sleep and wake up with huge money as profits without stressing.
While persuading you to invest for them, they will be so polite, but if anything goes wrong you will be surprised how they will turn against you and even call you a scammer.
The best you can do for you relatives, no matter how close the relationship, is to teach them how to fish and not give them fish.

I don't think I can help anyone invest in cryptocurrency even family members, I will never try that because it seriously take some potions of risk. No assurance in crypto industry so with that anything can happen.the best I can do for anyone is teach without that nothing ex.

I once heard about a rumor of a person that claimed to be good in term of crypto investment. So everyone no him for that in society, so with that knowledge people believe he have people  start coming to his side to help them invest in crypto and that is how it got start, so like 20 investors was under him with peace minds, but when people heard that market crash they start coming to him to withdraw their funds but it try to make them understand that is just a matter of time but don't gree.and with that he was frustrated by issue. From there people started describing as a bad person in society and call scammer, so with that he have sell most of his properties to pay those people back and get free from them. With this I will never advise anyone to allow any person invest under him/her. We should always know no friends and families when it come to money issue.

The worst error is to advise someone to invest in cryptocurrency when they don't understand its principles.

I've attempted to advise a friend to invest in crypto but it later bounces back at me. The decision I made to "assist a friend" invest in crypto was ultimately held against me.

After that incident, I made the decision to keep my crypto investment information to myself. I can at least let you know about this forum so you may learn more about crypto and how to invest in it.

If they always ask you about basic things which they can easily know if they just do a research then don't feed them the information since they cannot learn easily with that. If they get dismayed about what you tell them then they are not really worth your time since if they are interested to know more about crypto they do more effort by themselves to get other information to enhance their skills and learnings. But if they are their because they know they can earn and always after with money then for sure they provably will not last long because for sure their expectation might not meet in short period of time.

If you recommend cryptocurrencies to people who were newbies to the network and eventually they invested without you given them enough information to how they can avoid risk and what's at stake if they invested on certain coins, if they loose at the end they will blame you and finds you responsible for their loss since they never expect such, they must know that Bitcoin is the best digital currency to start with and there's volatility attached to investing on ot, whereby it price can rise or fall at any time, they must also understand the possible scams that are common and how they can stay off their coast.

I can somewhat understand the initial excitement and the need to share one's successes with others, but anyone who does it in such a way as to tell such things to their friends and acquaintances is only creating problems in their own lives, whether it is the risk of becoming a victim of hacking/armed robbery or someone will blame you because their investment failed (for whatever reason).

I have noticed that most people from African countries care very little about their own safety and do exactly the opposite of what an average investor from Europe or the US will do. If you want to spread knowledge about Bitcoin, you have so many opportunities thanks to the Internet, don't expose yourself in the real world and pretend to be a financial advisor.

Relationships and businesses should never have collided with each other for any reason.

Well, technically you can if they don't know about crypto but trust you with your decision then you can act like their fund manager and take the certain percentage from their profits but before doing that you must come up with written paper work and what are your terms and conditions, importantly what will happen in case of loss to the principal amount.

What you are doing is also very good because remembering that everyone should be able to know the level of risk that must be faced after knowing the level of profit that can be obtained. Actually telling someone or everyone for these two things is also not wrong, because telling both of them at the beginning will not hurt unless what we tell or you suggest is indeed a person who is basically lazy so whatever method you give him he will not develop.

We do need to filter and choose the right person to tell anything related to crypto, but at first we also don't know how much responsibility he has for himself so we need to try to tell him first before wasting more time on him in crypto matters.

Maybe you hype the success stories more than the ugly side of crypto investment? I prefer telling people about how stupid mistakes could make them lose everything in crypto than telling them they can make a life changing money, and if any still stand after the frightening side of crypto investment warnings then the person may be ready to learn.

Do not waste your time on people who are not ready to work and take responsibility but want all the goodies for themselves.

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.

I have never done that and will never do that the one who teaches me how to invest taught me what to look and not following him on what to invest, because of the volatility of the market, you will end getting a blame if the coins that you picked to your friends crash in the market and never recovered, I advice them its their money so they have to decide for themselves.


There are so many people in our country because of ignorance and their perception of Cryptocurrency, choose to rely to people who are long time investors to pick the right coins to invest, they claimed to be overwhelmed by the technology behind it and you are right, too lazy to learn how these things work because it really takes time and effort to learn how to invest and profit.

fortunately I don't have friends like that, all my friends don't know what I'm doing, they are also focused on their own work, fortunately my friends are more individual, don't harm others and are more focused on what they do.

if you have friends like that, it's better to give them information about the risks of investing in crypto, the model of people like that are usually people who see everything from above, and don't understand and know the journey from below.

so it's better if you give them a slightly bitter understanding, so they want to learn before they start investing.

I have successful stories of people around me that are now crypto guru, it's been a long time coming and I feel happy that they are now even better than me who teach them almost everything about Bitcoin and crypto in general but..

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?