Like it's good to have pizza party occasionally but eliminating such entertainment altogether from life will make things difficult and it won't help in long term Bitcoin investment.
Why are you making it sound as if investing in Bitcoin eliminates the fun in a person's life. Living my personal life won't affect my investment in anyway and I won't interrupt my accumulation strategy because I have a pizza party to attend. If my money can't take me after investing they I try out other things that my money can afford but I will never touch part of my investment money . Discipline is very important to have a successful long term investment.
This is the reason storing of our Wallet seedphrase in a safe location is very important and without it, I doubt if you will be able to recover your old wallet account where your BTC asset was been hold.
Please be more careful with information you write and reduce misinformation or confusing information spreads through your post.
You have a point these terms can be confusing but I'm sure everyone knows what he meant and no one will be confused since he didn't say anything wrong. Although it's a good thing you point it out but the harsh words was not necessary you could have easily corrected that. It's also important to note that storing your keys in your email is not ideal at all, there are better ways to store them and also having a duplicate copy in a different location is also good too in case of any unforseen circumstances. I believe most people engaging in discussion in this thread would have be familiar with how to properly store their private keys
Regarding private keys we should not be storing them in any electronic or digital form or communicating them over the internet unless encrypted and even encrypted might be dangerous if it is not done properly. Some of the better practices involve writing them down and perhaps either having more than one copy and/or dividing them up, yet we also want to be careful that we do not overly complicate our back up system in such a way that we either lock ourselves and/or our intended heirs out of the coins. Sometimes guys do end up screwing up their own self-storage situation, and I am not proclaiming that there are easy solutions that don't have their own dangers in regards to the challenges of being our own bank... including that we also might want to make our coins difficult to access in the event of some kind of a $5 wrench attack.
I respect your opinion.
But my actual point is, it won't be me telling people to "buy now" with their whole savings. I already did that with people I personally know and it DIDN'T end as good as intended.
But if you want to buy with everything you have now, then OK. Thumbs up to you ser. 👍
Yea, I think telling someone to buy Bitcoin now with there whole savings apperantly look deceiving and it is only an ignorant person can listen to that and even do it. Some people are making loss in life because of misinformation and lack of awareness because they don't know that it is not all information that should be received. Moreover, buying with one's whole savings look abnormal but some greed and some traders can do it because of high uncertain expectations I call them uncertain expectations because the outcome is not sure or guarantee. Everything should be done with wisdom because there are point in life where someone is suppose to know what is suppose to be done and what is not suppose to be...
I think it is wrong to force someone to invest or to insist on investing at the beginning. What we can do is to advise them to learn about Bitcoin and to advise them to learn about Bitcoin investment. You may be able to help them by providing the right information, but I think it is wrong to advise them to invest against their interest and to bring their own danger. If they show interest in investing after learning about Bitcoin investment, then I do not think it is wrong to give them investment advice, but it is still wrong to advise them to invest their entire money. However, if a person interested in investing loses money or faces any problems in their investment, you will be exempt from liability. Because you did not force them and they will also know that you have nothing to do here, because Bitcoin is very unpredictable.
If you advise someone to invest despite their reluctance and if they invest in Bitcoin without doing any analysis and face any losses, then you will not be exempt from liability here, rather you will be the cause of their losses. They will even hold you liable for their losses. This may be reasonable, because you are asking him to invest against his interest and you have taken him on the wrong path by advising him to invest in the beginning. Because, you did not first gain basic knowledge or inform him about what Bitcoin is and the risks of Bitcoin.
So first, advise him to gain knowledge and prioritize his interest. Because not all good things are good for everyone.
I think that there should be almost no situations (circumstances) that we agree to take responsibility over another person's investment choices, unless it is a parent child situation or that we purposefully agree to become someone's financial advisor (perhaps a paid position), and if guys are getting into relations to act as free financial advisors to other folks, then they are most likely asking for trouble.
Sure, there could be situations where we personally show others how to buy and how to hold their bitcoin, and we might even help to teach them various cashflow management techniques - yet it still seems better that they are taking control over their finances and we are not doing everything for them, absent some specific and explicit agreement... which is dangerous to manage other people's money without some kind of a special relationship with such other person(s)...and maybe even some segregetion of funds if we are actually managing money for someone else.
I think that many times, we are talking with people about bitcoin, yet we are not managing their accounts or giving them investment advice. Ultimately, they have to figure out what they are going to do and put their plan into practice, even if they might have us helping them out, the overwhelming majority of time, these relationships should be such that the person is completely responsible for his own decisions and his own choices to buy or not to buy and if so, how much and when.