Quote from: poldanmig on March 09, 2022, 02:47:01 PM

Quote from: Gudhal Untu on March 09, 2022, 02:26:45 PM

The most important thing when recommending bitcoin is to say that bitcoin is a very risky investment, if we have made them understand about the risks then we will not have a burden when after they buy and the price drops so that they lose, most people just say that bitcoin is very profitable so no care about risk.

Explaining in detail the benefits and risks that can be obtained in investing in bitcoin is the first step we must take when we invite others to invest, besides that at least we can say that bitcoin or crypto are assets that have a fairly high risk, so when he is ready to invest of course he is also prepared with all the risks that might occur, and most importantly never force others to follow us to invest in bitcoin because we will be blamed if he gets a loss later.

When we introduce Bitcoin to our friends, I agree don't just tell the benefits of Bitcoin, but we also have to explain the risks of investing in Bitcoin.
Make sure our friends understand all the risks that occur when the market suddenly falls, because we don't let our friends blame us when they
suffer losses. Teach our friends how to analyze the market, so our friends don't keep relying on us in making decisions, let our friend make a decision
based on the results of the analysis he did himself. Then accompany our friends for a few days when deciding to invest in Bitcoin, because people
who invest in Bitcoin for the first time will immediately panic if they see the volatile Bitcoin price. It's our job who is more experienced to educate
our friends well, so that our friends can better understand how to make a profit from Bitcoin.