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.
Unfortunately, this is a very sad story that is repeated in the lives of many. This once again shows us that investing is not as easy as it seems at first glance, and that in order to be an investor, and also successful, you need to know the rules of this area. Give financial advice, of course, you can, but you don’t need to give guarantees that everything will work out 100%. After all, how does it happen? A friend sees what you earn and also wants to try, and here is an important point, you can give him advice, but at the same time you must tell him that he can lose all and part of the funds. If he is ready to take risks, then go ahead, if not, then let him not play this game. But in any case, it is a pity for those people who lose money.