I have a friend who always tries to learn about bitcoin from me and I always try to tell him about bitcoin. He knows that I have investments in Bitcoin and he is very excited about the growth of the Bitcoin market for some time because he will invest and he expects to make a profit from the investment. So I asked him if you want to invest like me and want to make profit by investing then you answer me one question that how much you know about Bitcoin and you only think about profit by investing in Bitcoin do you know your money loss after investment may be In answer to my question, my friend told me that since you have made a profit by investing, I can also make a profit by investing.
If your friend is interested in investing only because of the profit aspect of the investment, you should give him a complete understanding of the investment. This is very normal for newbies. Newbies are always in a hurry in any work. From the friend you mentioned, it sounds like your friend is more interested in investing only on the profit side of the investment, you should tell him that the amount he has the potential to gain from the investment is the same as the amount he has the potential to lose from the investment hence the profit and loss. After accepting, he should express his interest to invest.
First of all your friend needs to know enough about investing, he will never be able to hold an investment with the same understanding that your friend has about investing. When your friend's investment shows some loss due to a small change in the market, your friend will get very excited and sell all his investment because he cannot bear the small loss. Instead of doing so after investing, he should have adequate understanding of the investment before investing. You must tell your friend the advantages of holding investments for a long time and also directly discuss with him that he needs to be patient and take risks.