Quote from: Rruchi man on August 03, 2024, 10:01:36 PM

These days, networking has been made easier with social media, where you can easily make a referral, and people on your contact list take it seriously based on the level of trust and reliability that they have for you.

If you make a referral and people who follow it are satisfied, their level of confidence and trust in you increases, and they value you more.

There is a need to be careful about the referrals you make, because some referrals are capable of ruining your image and the trust that people will have in you.

I have seen people question why bitcoin is still the first choice that is referred to new people in cryptocurrency who want to invest, and one reason for that is that bitcoin can be relied on when compared to other cryptocurrencies, especially the new ones, and you don't want to gamble with your referrals.

I know we always have to advise people to do their own research for any referral given to them, but still, you do not want to give someone a referral on some altcoin just for them to do their own research and find out that they just dodged a bullet.

Do not just refer to any cryptocurrency; refer to bitcoin when introducing a newbie to cryptocurrency.

When it comes to referring cryptocurrency one could easily get into legal trouble if that cryptocurrency turns out to lead somebody to financial ruin because you gave them bad financial/investment advice. And if that person decides to lawyer up against you then having a bad image will be the second worst problem that you have to deal with.

So people need to be extra careful or avoid such wobbly referrals altogether.