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

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.

Good for you that you are earning thru trading already because you've said that it's your income source already. As for the risk, the risk is higher when the knowledge of the person wanted to trade is lower, and vice-versa. More knowledge = lower risk. Less knowledge = higher risk.

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

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 know the feeling TBH of teaching somebody to trade because I didn't ever shared to anybody that I'm trading, but I know that feeling of being uncomfortable because you might be blamed whenever your friend lose your money because of trading.

Well, you did your part already. As long as you explained the possible risks of trading then I guess let him experience trading, and decide after making some trades. Sometimes, letting the person experience something is the key for them to realize if it's for them or not. Let him trade. If he losses, he might stop trading already.

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

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.

Tell to him that you don't have any liabilities at all if he losses. Tell him that he will not blame you if he losses money because of trading. That will make you safe... I guess. Cheesy

Overall, I think you're helping your friend, and you are sharing many information already. As for the part where you are saying if you are right or wrong, like I said you did your part already, so I guess there's nothing wrong with that. As long as you shared the information needed, you shared the risks involved in trading, and you already told that he might loss all of his money at the start, then you did the right thing. Like you said, he's very persistent to do trading. Let him trade, and let him decide after getting some experience.