Post
Topic
Board Trading Discussion
Re: Do you encourage friends and family to invest in crypto?
by
wxa7115
on 21/04/2018, 21:03:10 UTC
I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?
No I do not encourage my family to buy bitcoin, and that is because I'm not willing to be blamed if they lose money, I'm fine at risking my money in bitcoin because I know very well what I'm doing and why I am doing it but if they were to do the same without the same knowledge that I have then it is way more likely that they're going to make mistakes with the information that I share with them.
It is a common act that each one of us who finds the crypto world profitable aims to share it with his loved ones so that the income could be drastically increased or it is just out of love and sympathy for those in need. And I think that we should do so as it is a great contribution towards the development of the society.
It is very easy to think that we are doing this in order to benefit our families, but you need to understand that not everyone can benefit from this market, just look at what happened at those that invested in December, they lost a significant amount of money if you had recommended to your family to invest at that point in time they will be the same position, and this will create a lot of tension in your relationship with them and that is something that I do not want.