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.
I agree that people must be responsible for their own money decisions. Giving free financial advice to friends is just asking for problems. There is big difference between teaching someone and managing their money. Showing someone how to buy Bitcoin or how to handle their money is helpful guidance. It helps them make smart choices for themselves like teaching them to fish instead of just giving them fish. But if we start managing someone else money or giving direct investment advice without proper paid agreement and separate accounts we are stepping into a risky situation.
At end even though we can share what we know everyone has to be in charge of their own money path. They need to decide what to invest in how much and when. This creates good relationship where we are helpful resource not someone who can be blamed if things go wrong. Your way of thinking encourages financial smarts and independence which are very important for anyone dealing with investments.
I think that I scare some folks away from investing into bitcoin too... since I tend to tell then that they have to be responsible for their own choices and not come crying to me if they lose money.. yet at the same time, I am frequently saying that bitcoin investing is ongoingly likely amongst the best if not the best place for everyone and anyone all around the world with discretionary income to put their time, energy and value.
There are people who are shaky on there decision making when it comes to investing in Bitcoin, because they lack that zeal and Passion on what they want to do with there money, when they gets advice from a fellow what to do with there finances and if it doesn't go well they tends to hold someone else responsible for there decision, people have to be responsible for there decision as well even if a fellow is giving an advice on what to do, giving someone advice on how to invest in Bitcoin I still think it's absolutely a good encouragement, and getting it for free that is something good like we're getting this advice and lectures and helpful guidances here all the time, But when we are given this guidance that will help us to flourish in our Bitcoin investment we have to be responsible for ourselves to start up our investment and what strategies to follow to help us to build a successful portfolio and also how to continue accumulating and our level of continuous aggressiveness. Having that opportunity of investing in Bitcoin with our discretionary funds and our time and resources is very Vital, your way of encouragement and emphasis helps a lot to make a smart investment in Bitcoin
It is understandable that no one wants to lose money no matter their investment, so yeah, if they might consider starting out with a 5% to 25% allocation to bitcoin, they might error on the lower end because of their reservations, or maybe they will choose to go lower than 5% because they are skeptical. And, yeah they are responsible for their own choices, and it does seem better to get started, even if they make some under allocation choice of less than 5%, since less than 5% is better than zero, yet so many folks will still end up choosing zero, to their likely detriment.
It is even a lot of work for anyone to add something new to their investments, even if they are already used to investing, and it can be even more difficult for someone to figure out how to get started investing when they might not have had invested in the past, so they might not be used to setting aside money every week to invest into something like bitcoin, so they have to get used to both investing and then also protecting their investment by potentially improving their cashflow management and maybe even adding back up funds so that they would not have to tap into their bitcoin in the future at a time that is not completely of their own choosing.