Quote from: Marvell1 on June 01, 2022, 04:23:23 AM

I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.

This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.

Sometimes, giving personal advices can even lead them to their worst life's situation. The reason why as much as possible, i never tell them what to do and what not do. Because in my mind, once you enter the market then you should know how to manage the risk and accept losses once your decision making does not work out. Although we are free to give financial advices, but for me i prefer not to do it because i know that all of us are like sailing in the waves with no guaranteed destination. Everything is a challenge in the crypto market.