What do you do if someone trusts you and wants to Invest in you?

[DabsPoorVersion]

You have the full responsibility for his investment if you do that. That's not a good thing for you and your relationship with that person. That person is a risk taker, he can handle the risk but can't even handle his wallet for himself. It's just like your friend is willing to burn his money anywhere he wants to.

What you should do is teach him how to create his own wallet, how to take care of it, and how he will store the private key. Don't consider holding anyone's funds to yourself, even if he trusts you so much or you have known each other for a long time, that's not a better way of teaching someone to keep their investment.

[Z-tight]

Someone I introduced to the crypto world said he wants to invest his funds with my holding as a top up or contributing to my accumulations after which I told him about the risks and the potentials of the crypto coins.

If i understood you correctly, someone you talked to about crypto, now wants to buy some but he wants you to store the coins for him. That is very bad and a clear sign that he is not ready to buy crypto, and if he continues with this kind of practice, he is going to lose money soon.

You must teach him that crypto should be stored in self custody, and it is not necessary to buy crypto immediately, he should take his time and learn more on how to store coins safely and once fully ready, he can now buy some for himself and store it.

[taufik123]

To be honest, there are a lot of people who are interested in investing their funds in me, but it's very risky.
I only educate those who try to persuade me that even crypto has a high risk and I cannot accept the funds.

Holding onto other people's money is a full responsibility on me, if it fails then I will get into trouble.
It's better to manage my own funds even if it's a little bit than to manage other people's funds.

[Legion]

Someone I introduced to the crypto world said he wants to invest his funds with my holding as a top up or contributing to my accumulations after which I told him about the risks and the potentials of the crypto coins.

He claimed he is being afraid and believe he might not be so careful enough to maintain such Privacies demanded while holding the crypto assets.
He is a risk taker and can stay unpanick for a long time but can not just keep to that privacy. So now I think of creating a new wallet for him and get him invest on it while I take control of his assets holdings and privacies.

Advice please!

My advice is that you should be careful when you have money from other people and it goes into your portfolio, because when you get caught up in cryptocurrency there is a possibility that people you know will become enemies and might blame you for going into the coins you bought. Before it's too late, it's best to make a decision not to mix your assets with other people's if it's for trading.

[Litzki1990]

Trust me, if someone ever wants to invest through me, I will never agree to his proposal, but I will help him as much as he needs in terms of investment, but I will never risk his money.  Investing involves money risk and that money risk must be taken by an investor. An investor gave me funds and I invested with that fund at my own risk. Usually anything can happen due to market swings so it would definitely be foolish for me to risk money. I will risk as much money as I need to invest the amount I invest but I will never risk the money if someone else invests by trusting me.

[UNIVERSE]

What do you do if someone trusts you and wants to Invest in you?

Me?
Personally, I'm not taking it.
I cannot take this although he asks for that help. It's not that I don't want to help, but truly, this is quite risky for both me and him. Even though he said it's okay, nothing will be okay when it comes to his future money. experience tells me this. OS, this is based on my personal experience, maybe can be certain considerations based on lesson.

He claimed he is being afraid and believe he might not be so careful enough to maintain such Privacies demanded while holding the crypto assets.

I'll say, if he can't handle it, so don't even get into crypto investment at first. Because this is not only putting money and getting money, but this is also related to management of funds and assets. So, carefulness becomes part of investment. f we still can't handle it, don't do it, and don't bother other people to do it. I  will just let him learn at first about how to be much careful in any cases.

[Baofeng]

Someone I introduced to the crypto world said he wants to invest his funds with my holding as a top up or contributing to my accumulations after which I told him about the risks and the potentials of the crypto coins.

He claimed he is being afraid and believe he might not be so careful enough to maintain such Privacies demanded while holding the crypto assets.
He is a risk taker and can stay unpanick for a long time but can not just keep to that privacy. So now I think of creating a new wallet for him and get him invest on it while I take control of his assets holdings and privacies.

Advice please!

He has a point though, there is somewhat a demand for everyone in the beginning if they want to invest on crypto. Of course there is the basic security, we need to know how to protect our assets at all cost.

So I think this will be the best way in the beginning, introduce him to a wallet and what is the security about and how he should be protecting it like to backup his mnemonic phrase and private keys and what kind of wallet to use, open source and you have total control of it, which is custodial wallet.

[DabsPoorVersion]

Someone I introduced to the crypto world said he wants to invest his funds with my holding as a top up or contributing to my accumulations after which I told him about the risks and the potentials of the crypto coins.

He claimed he is being afraid and believe he might not be so careful enough to maintain such Privacies demanded while holding the crypto assets.
He is a risk taker and can stay unpanick for a long time but can not just keep to that privacy. So now I think of creating a new wallet for him and get him invest on it while I take control of his assets holdings and privacies.

Advice please!

He has a point though, there is somewhat a demand for everyone in the beginning if they want to invest on crypto. Of course there is the basic security, we need to know how to protect our assets at all cost.

So I think this will be the best way in the beginning, introduce him to a wallet and what is the security about and how he should be protecting it like to backup his mnemonic phrase and private keys and what kind of wallet to use, open source and you have total control of it, which is custodial wallet.

But the problem is that the investor wants to let OP be the one to keep the investment. I guess, OP already introduced a wallet to his investor friend, however, he can't take full responsibility for taking care of his own wallet. This kind of setup will only result in a future problem between them.

It's better to let the investor know about the strategies to keep his wallet. This way, he can understand and decide for himself whether he will invest and keep the investment himself or not.

[Rruchi man]

Someone I introduced to the crypto world said he wants to invest his funds with my holding as a top up or contributing to my accumulations after which I told him about the risks and the potentials of the crypto coins.

Never agree to such proposals, they are very risky. If anyone will invest in bitcoins, they should learn to do it themselves so that they do not blame anyone.

What this person wants to do is to have someone to blame when his expectations fail, and he is preparing you for that position, avoid this trap.

[target]

There must be a reason why he trusted you. If youre confident with your skills and you knkw you can make profit, you definitely got a chance to also make money from him.

Grab the chance or someone else would.

[taufik123]

Then I will refuse, it has happened to me many times.
There are friends who are interested in crypto, but they don't want to learn more deeply,
just want to leave funds to trade and want to make a profit.

Obviously I would refuse, I would not take risks by using other people's money.
It's better for me to use my own money, even if it's not bigger than the funds given by my friend.

If I agree to it and lose, then I will be blamed and of course I have to replace it.
Although there was an agreement at the beginning, it was not good and would only ruin my friendship.

[Z-tight]

There must be a reason why he trusted you. If youre confident with your skills and you knkw you can make profit, you definitely got a chance to also make money from him.

Grab the chance or someone else would.

Better you let someone else do. If he trusts you as a friend, then the best thing you can teach him is self custody of coins, which is how BTC should be stored, not in exchanges and surely not in the custody of someone.

Take note that if you store coins for someone, you bear the risk for them and if you are attacked and lose their money, they will come for you. This is a bad thing to do, and i warn you not to do it.

[erus]

Advice please!

It's a difficult choice if someone entrusts their funds to me because I shouldn't easily keep their funds.
Especially in cryptocurrency, everything can change at any time and maybe later the money can also be misused by those who are irresponsible.
But at the basic stage I will tell you the best tricks and ways in cryptocurrency so you can keep your money and make it profitable if you invest in cryptocurrency.

[Sevi]

In my opinion, I would gladly accept that person and help him/her with crypto. I will teach him/her and won't let him/her lose his/her trust in me.

[bhadz]

I avoid this kind of deal. It's too toxic when you're going to hold and handed over by other's money. I just don't feel the necessity to do it, it may sound good and encouraging that someone wants to invest on you and trusts you with their money.
But you have no control over the markets and their emotions, you'll never know how bumpy the road is for the crypto market as you invest together with them. It's best to just do it with your own money and invest on the market, I wouldn't touch someone's money even if they are trusting it with me, I'll guide them but it's not my cup of tea.