Quote from: Kittygalore on Today at 02:54:08 PM

Quote from: arufox on Today at 02:10:20 PM

But you must also be able to explain the risks of investing to your friends and must have a clear investment pattern and target, whether short term, medium-term or long term. In addition, if your friend intends to buy bitcoin, it's a good idea to understand this cryptocurrency first. So, no regrets after that.

That's what I was thinking too, OP has to also explain to his/her friend the risks involved in investing bitcoin because there's a possibility of being blamed for recommending bitcoin because the friend didn't know the risks involved. If I were to recommend bitcoin to a friend, I also have to ask them of their risk tolerance and if they can hodl for a really long time.

I don't think it's necessary to continue discussing the risk to you because it makes your friends continue to panic and be afraid to invest. It's a good idea to explain strategies and steps to play cryptocurrencies properly and correctly. when exactly to buy and when exactly to sell.
I think if it's like this, your friends will be easy to understand and interested in investing.