I advise you put reasonable capital on bitcoin and few funds in altcoin.
I advice you do not give investment advise to others. You can instead give them you technical or fundamental analysis and encourage them to their own research and decide whether or not to out money into an asset or not.
If someone close to us ask us to give them advice about what to do we can always try to guide them and point to them in the right direction and help them avoid all the misinformation that we have in this market, but as you say it is better to avoid giving a direct financial advise because not matter what happens it will be bad for us, if they happen to win money with our advice then they will become dependent on us, and if they lose it they will blame us for it, so it is better to avoid any problem and refuse to do this.