I think,Investment can be a complex process, but with knowledge and understanding, it can also be rewarding. It is important to do your research on different investments. Diversifying your portfolio is key to managing the risks involved. Evaluating potential returns and assessing risk tolerance are essential factors to consider. Regularly reviewing your investments and staying updated on market trends can help you make adjustments as needed. Additionally, seeking advice from experts or attending investment seminars & community forums like this, can provide valuable insights. You can join different forums to gather information and keep yourself updated about trading tactics. Keep in mind that investing requires patience, discipline, and a long-term perspective. At first, define your target and the goals you might achieve.
if you explain how complicated crypto investing is to beginners. I'm sure beginners won't end up investing if everything is always complicated.
newbies see Bitcoin as the right asset for investment as OP thinks. and we're just going to justify it. Instead of choosing an altcoin for his first investment, Bitcoin will be better than all the aspects you mentioned.
OP's consideration is where to store it, maybe he already has a Trust wallet and also an account on the Binance exchange. but no one will trust these two to store assets in the long term.
We should have to consider teaching them the easiest way and understandable to their side. But we should also have to tell what is this really all about and must know the consequences. It was very important for them to have a clear understanding of this kind of investment so there is no reason they could blame us back from suffering losses as it was their decision as well, not ours.
It should be discussed so well from;
- buying, storing, and selling
- wallet to be used and its security
- the DO's and DON'Ts
- the function of exchanges