Post
Topic
Board Bitcoin Discussion
Re: Don't advice anyone to invest on Bitcoin if he doesn't have Alt. income
by
Betwrong
on 14/06/2024, 05:40:27 UTC
~

But when you tell them what happened in the past, predicting bitcoin will reach 200k USD means you are giving them suggestions and intending to advise them to invest in bitcoin even though it is not advice direct.

I'm just saying my personal opinion. I'm not an expert, and even experts can be wrong. That's why I'm always saying: "Invest only what you can afford to lose". Don't listen to anyone, because no one except yourself can really know your situation. I mean, no one can know what you can afford lose.

That's not necessarily too bad, but I think you need to emphasize the risk more to them instead of just talking about the returns they will get when they invest in bitcoin.


You are absolutely right, the risk is huge and everyone should be aware of that.

Giving the advice “only invest what you can afford to lose” is certainly indispensable but what worries me is whether they will actually follow your advice or will they invest with borrowed money or money that cannot be lost. For someone who is unemployed or has no source of income and wants to get rich, they can do anything without caring about the risks they will face.

No one thinks that borrowed money is something that you can afford to lose. Absolutely no one.