Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.
Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.
I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
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.
You know, there’s always this humanity side of us that as much as possible, we can offer help to those who are in need of it. However, we should also be careful on what type of help that we can extend to them, otherwise it will only make them miserable later on. That’s how I see your status right now. It’s not bad to educate your friend actually, but do not cross the line. Just let him decide on his own. If he really wants to trade and be successful, then he should work for it. You should have told him to educate himself more by making thorough research in the internet. I guess with a lot of youtube videos available, he will surely get an idea from them.