Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again.
I considered recommending it in the $200s, but thought better of it. Most people will hold a hidden resentment against you if it drops, and their loss will become your burden.
... and it can be even weirder than that. Many people will also resent you if you recommend a winner and they don't buy and it goes up ... basically any time you put yourself in the situation of "i'm right, you're wrong" or "i'm wrong, you're right" and there's financial advantage involved, they will resent you ... it's lose-lose.
Strangely, if you charge them exorbitant fees and call yourself a "financial adviser" all that burden goes away and you can gamble with their funds like a drunken sailor.
Yeah, Friends&Family and financial advice is a VERY difficult subject.
True fact. Just today my father said me that i should sell a portion, and thinking in it better i passed to explain him my expectatives lol.
Yeah, and they never listen. I have some friend and gave him early last year the advice to buy some ETH with around 20% of his overall crypto investment. He did. The next day i wake up and look at my whatsapp. 5 messages from him. "Hey dude you know Ripple!? Its da shit! And do you know Lisk!? Its da shit!"
Turns out he went to Polo, listened to the silly trollbox and invested all of that remaining 80% in Ripple, Lisk and some other shit.
Seriously if they don't respect your advice...