Quote from: $weetne$$ on May 30, 2024, 08:10:29 AM

Quote from: AVE5 on May 27, 2024, 03:21:18 PM

So I've told him that I'm not involved if he gets to Invest at this time because I know he'd panic over the volatiles of the bitcoin market since he doesn't have another source by which he can rely on earning income to process his financial needs. The choice is his to decide because if he had alternated his source of earning to bitcoin since I told him, the dividends of his bitcoin assets would had be reliable to him after much he may have made some profits from it. It'd had also served as means of savings and factor to encourage him to be economical with his luxury life which he doesn't have the potential to continuesly afford them

You did the right thing by protecting your cousin from investing in a desperate way, currently he is in desperations to get a new source of income because his old source of income has ended and this can make him to make irrational decisions that will make him to lose money and you are going to be the individual to receive the blame despite the fact you were doing something good for him because you introduced him to investing in Bitcoin. Let him first look for a new job then he can invest in Bitcoin and save up money to be investing more in Bitcoin to prevent him from not having another source of income to rely on if he was to lose the job again. He has already learnt his lessons and he would not behave in the way he did when you first told him about investing in Bitcoin. Experience teaches us lessons that will help us to make better life decisions.

It's just that his cousin was so complacent when he had a job that he thought there would be no problem, so he didn't care about what we were doing. Then, when he lost his job because he was having trouble with no source of income, he suddenly said the same things to his cousin.

But even so, if he shows and insists that he is really interested in learning about bitcoin or cryptocurrency, there is no problem there as long as he is prepared for what he can really face here, because it is not easy to understand or learn.