Quote from: iv4n on Today at 06:57:13 AM

Quote from: Smack That Ace on April 30, 2023, 10:51:24 AM

Quote from: Kara3 on April 28, 2023, 03:42:58 PM

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Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Overall, what you do is correct, it is true that crypto has risks, but there is no denying that the opportunity of the crypto industry is also huge, so there is nothing wrong with you sharing the opportunity with everyone, especially your loved one. Not everyone succeeds in investing in cryptocurrencies, and what you need to do is explain all the risks associated with this industry rather than the returns. Let them be fully aware of the consequences they may receive and so they can make their own decisions.

I talk about crypto since 2015, many around me didn't know anything about crypto 8 years ago. I never felt uncomfortable when I was trying to bring the crypto world closer to them (to those who were interested to listen). Even now I try to explain to them about the crypto itself and all the opportunities, and one of them is definitely trading. I always try to point out all the risks associated with crypto and all crypto stuff around us (trading, staking, gambling, mining, etc), and I repeat many times they shouldn't invest more than they can afford to lose if they decide to give it a try. And of course, if they stuck at some point I will help in any way I can.

I don't usually open it to other people on what I do especially if they are on another field like people who doesn't have any interest on discussing investments and other topics regarding financila literacy. Actually, people around me doesn't know that I'm a full time trader because I never tell them. I only tell it to some people who have same interest with me like with my internet friends who are also a trader because they are the people who can understand me and can help me to become more better trader and better person. I do not really like the idea of forcing someone to become an investor or a trader because I understand the risk and I understand the uncertainty of the market.

There are a lot of new traders and investor who are entering in this market with wrong perception because they think that they can easily become successful once they put their money in their trading account without knowing that their mindset is not yet that ready. Those new traders and investors do not aware to the uncertainty of the market which is there are no guarantee that they can make a money from their investment. If you force someone to become investor or a trader, then you will be liable once they burnt their capital or their trading portfolio. The best move is to just let them be, only teach them things regarding investment and trading if they approach you first.