Quote from: Silberman on Today at 12:35:29 AM

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?

I really think that the majority of us have been in the position in which you are now and what you are doing is the correct approach, you should try to calm down the excitement of this person, it is obvious that he has a complete mistaken view of how the market of cryptocurrencies really works, it seems that he wants to become rich in a week and even if we know that has happened before there is no way to replicate that kind of success, explain to him that he is in essence playing the lottery and convince him to slow down and to try to learn by himself how to invest, and if he still doesn't listen to you then tell him that you are never going to advise him again and that from now on any losses are on him.

You should really make him realized that things that do happen arent really that too simple to be achieved.He might seen you to have some improvement in terms of living or financial but those
arent really just on being lucky but rather involving some pure hardwork and a big mix of patience.

Usually new people do hurried out on learning up bitcoin or crypto are to those ones who had been mostly hyped up when they do saw someone that becoming rich or make their lives better.

I have the same experience about relatives or closest to me who got interested on spot with bitcoin or crypto when they do saw up my status..I just directly told them about learning
the basics and this isnt something like internet magic money that can be gained fast.