You did well by telling your friend about Bitcoin investment but one thing I was expecting from you to tell your friend is that he needs to be fully aware of the potential benefits risk aspect of Bitcoin, Bitcoin is not a quick and get rich scheme, for him to see reasonable profit he must able to for a long term unless maybe you are encouraging him for a short term profits maximization which can be very risky especially for a beginners because of the volatility nature of Bitcoin, he might invest and Bitcoin can dip, I just hope that you are giving him more lectures about Bitcoin investment.
Exactly, if newbies have this mindset, it can protect or help them to be to navigate through challenges and be able to achieve their goals.
Also, having the knowledge and understanding that Bitcoin is not something that brings quick money, because of how fluctuating it can be, which is it's also crucial for them to be aware that Bitcoin is for long-term investment.
Having all the necessary awareness is very important if one wants to succeed in Bitcoin investment, because education and awareness are the key to success.