Quote from: Distinctin on Today at 11:47:04 AM

Quote from: pilosopotasyo on April 02, 2021, 03:18:31 PM

Quote from: Sanitough on March 20, 2021, 02:05:34 PM

I just want to share my experience, I have a relative who come to me and ask advise on what coins to invest now, I don't name a coin and I said he must do his research but he insist that I know, he want to invest immediately.

I know he is into FOMO because he seems so aggressive and like to get instant return.
He told me that since I'm a veteran, he would like to ask some advise on what coins will pump in the coming days so he can invest on it.

I knew he is so positive, and I can feel him since I also got FOMO'd before.

What do you think should I do guys? how can I help him?

Don't be responsible for your relative's portfolio, you'll get the blame if the coins you've chosen have not performed well in the market, instead teach him how to think like an investor in Cryptocurrency and let him come out with his own list, or if he really insists only refer to the top 5 coins in the market, these are all the coins worthy to invest.

That's the right thing to do, however, there are people who doesn't like to go through the process or learn the basics, they want to start right away as they are afraid they might not be able to ride with the FOMO, that's the usual mistakes of the newbies.

The OP should be very transparent that even if he had a lot of experience dealing with crypto, still it is not enough for him to give accurate advice when it comes to investment. Just tell it upfront, so they will not be expecting a lot from him. And yes, suggest those top alts, at least they will not be victimized with pump and dump coins. It is hard to suggest a specific coin especially that they are expecting that such choice will give them good returns.