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RE: Cryptocurrency is exploding! Should I invest more?
Crypto is way, way too risky to give advice to anyone, even family members.
Crypto is way, way too risky to give advice to anyone, even family members.
Everytime I hesitated to advice someone close, the price goes higher :S
Everytime i hesitate to put more money in, the price goes higher =(
Yep... however it's difficult when they hear about the returns and are willing to take the risk. I just try to ensure they take full ownership of their own decisions and understand the level of risk.
I think you can share your own personal experiences - but shouldn't call it advice. Make sure the person you're talking to knows they could lose everything (like the author of this post warned). Then again, I'll never understand people who just blindly through their money into stuff - especially in the crypto world.
You can't call it blindly. People do research and analyse. Some people spend on cars, gambling, drugs. You can only loos money with those. In crypto you can also win. Some will win big time. And some will also loose, for sure.Look at @kyriacos comment bellow.
Couldn't agree more.
other than telling them to be involved with it in some way
You mean "too risky"
See my article on the three twos.
Thanks. My English is still not good enough.
Advice is always risky.
When money is involved even more.