Post
Topic
Board Bitcoin Discussion
Re: Advise to a friend
by
Obari
on 02/05/2023, 03:03:16 UTC
There isn't a foolproof answer to this question... Personally, i have never tried to convince anybody to invest in anything. Not my parents, not my brother, not my friends...

If it goes wrong, they will always feel like you were responsible for their loss, and that's a burden i don't want... But that's just my personal opinion.

Exactly  and getting  to convince people to invest in a very highly  volatile  asset like cryptocurrency is a very risky one because at some point, you might be blamed directly  or indirectly if things don't go as planned.

If I'm not wrong, you said you already told him about bitcoin  and it's difference from other altcoins as well as the risk involved and how bitcoin  isn't a get rich quick scheme, then I will say that you've  already done more than enough and there is nothing you're expected to do again, anything you do after now, might seem like persuasion and at some points, he might want some sort of guaranty which I'm sure you don't have to give except you're willing  to repay him if he loses money.

Just let him make his decisions and possibly  don't talk about it again to him except he ask and you can pick it up from them and if he finally gets interested, then you can teach him how to go about it and the safety tip  with wallets and also possibly introduce  him to the forum.

Just my opinion  though.