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

[Jating]

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!

I have the same case, but it's more than that, he was my brother so I took his 1$k two years ago and put it in wallet that I have control as his investments. So the same as yours, but it's not literally a top up on my own holding wallet. I created a different wallet for him and we always talk about or at least I have to tell him the risk involved and the security needed on how to handle. Our investment is on Bitcoin so far everything looks good and he is happy seeing his investment grow as I have to report to it what is going on in the market and he is more excited if he hear news about the price hitting all time high. But in you case though, it's a "friend", not sure how you two are close that you are willing to take the risk for him just like what I did to my brother. Trust is subjective, so it's really up to you to make the decision whether to take it or not.

[joniboini]

l as his investments. So the same as yours, but it's not literally a top up on my own holding wallet. I created a different wallet for him and we always talk about or at least I have to tell him the risk involved and the security needed on how to handle. Our investment is on Bitcoin so far everything looks good and he is happy seeing his investment grow as I have to report to it what is going on in the market and he is more excited if he hear news about the price hitting all time high.

That's an interesting story. So you guys use a multi-sig wallet, or you're the only one who manages the funds? Even if your brother trusts you a lot, and both of you want to continue doing this investment together, I believe using a multi-sig wallet would be better. It would add an additional layer of security as long as you use different devices to control the wallet. While it might become troublesome to manage, especially if you disagree with one or two choices of your brother, I still think the trade-off is worth it. But well, I never had any experience managing or delegating funds to my family like that, so there might be nuances that I'm unaware of.

[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!

I have the same case, but it's more than that, he was my brother so I took his 1$k two years ago and put it in wallet that I have control as his investments. So the same as yours, but it's not literally a top up on my own holding wallet. I created a different wallet for him and we always talk about or at least I have to tell him the risk involved and the security needed on how to handle. Our investment is on Bitcoin so far everything looks good and he is happy seeing his investment grow as I have to report to it what is going on in the market and he is more excited if he hear news about the price hitting all time high. But in you case though, it's a "friend", not sure how you two are close that you are willing to take the risk for him just like what I did to my brother. Trust is subjective, so it's really up to you to make the decision whether to take it or not.

Your case if different. If it is your brother, I'm sure if ever something bad happens to his investment, you will feel full responsibility and come to the point of giving his full money back. That's the common scenario I've seen for siblings.

If it is for a friend, it is different not only because of trust, but also on how you treat him of whatever happens to the investment or vice versa. It's all about money, there's a lot of possibilities to happen on that investment. If it is your sibling that were talking, that could be fine, especially if you are really confident. But if it is for another person, there will always be the feeling of doubt.

[Findingnemo]

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!

I would never involved in managing the funds of others unless I am getting paid for it and things works in completely professional way but it's not the case with what you proposed. You are taking risks with your reputation which can go either way if the friend who trusted you doesn't have proper understanding about the market and it's unpredictable future and what will be his response if the coins loss value and he will be okay with that?

[DaNNy001]

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!

I don't believe in ever running anything for someone especially when it's related to crypto because of the volatile nature of the whole market. If your friend have developed interest in the crypto space then you should let him make his own research and obviously take the risk himself because when you come the crypto nothing is certain. I am wondering what if the whole investment or holding that you opened up went sideways. How do you think he is going to manage the feelings.

[Gurujebs]

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!

If he has the mind to invest in a coin, then he should be ready to learn how to risk to hold, if for instance the one he invested under you turnout to be good investment and profited, he is going to come back again and this time, he will make sure that his investment is bigger than the previous one and how are you going to explain to him if something happen or you get hack? Will he ask you to refunds?

Let him carry his cross on his own, teach him how to hold and don't hold for him. It's not that difficult right? If he learn everything by himself and you guide him, he wouldn't be coming every time to ask you for basic things next time.

[Sevi]

Given the fact that someone trusted me and would want to invest to me then I would definitely cater them and help them in order to make their money huge as well as teach them to grow their investment.

[Gladitorcomeback]

Given the fact that someone trusted me and would want to invest to me then I would definitely cater them and help them in order to make their money huge as well as teach them to grow their investment.

Knowing that the cryptocurrency market is highly volatile and unpredictable and there can be times when one might lose money as well, it's not a very bright idea to take such responsibility because it often happens when you take responsibility for someone else's money and promise them that you will make them money if you do make them some money, they will be very happy, but if you lose the investment, you will have to live with the blames forever.

Remember, people wouldn't remember the good that you do to them, but they will never forget the bad that might happen from your hands even if it is done unknowingly and not intentionally.

[Dr.Bitcoin_Strange]

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!

Maybe your friend questions his abilities to be responsible as well as his security consciousness which it comes to financial matters that involves risks.
Yes, rather than topping up his money to your own investment, it's better to open a new account for him and manage the account for him, that way, you can fully ensure the safety and privacy of his asset and you can also conduct as handover at any time without having to run around before handing his account/assets over to him.

But as you know this is business and some ground rules needs to be in place to ensure the safe running of his account without him really interfering or being a problem.

[DabsPoorVersion]

Given the fact that someone trusted me and would want to invest to me then I would definitely cater them and help them in order to make their money huge as well as teach them to grow their investment.

[...]
Remember, people wouldn't remember the good that you do to them, but they will never forget the bad that might happen from your hands even if it is done unknowingly and not intentionally.

That's true, it will be a great responsibility if ever someone decides to hold the investment of other people. Whatever bad happens to their money while it is in your hands, the relationship between that person will be scarred. Another disadvantage of doing this is, that the person who would take the offer of holding the investment of other people does not give any knowledge or does not teach that person to grow their investment. They will end up relying on you.

[taufik123]

Given the fact that someone trusted me and would want to invest to me then I would definitely cater them and help them in order to make their money huge as well as teach them to grow their investment.

[...]
Remember, people wouldn't remember the good that you do to them, but they will never forget the bad that might happen from your hands even if it is done unknowingly and not intentionally.

That's true, it will be a great responsibility if ever someone decides to hold the investment of other people. Whatever bad happens to their money while it is in your hands, the relationship between that person will be scarred. Another disadvantage of doing this is, that the person who would take the offer of holding the investment of other people does not give any knowledge or does not teach that person to grow their investment. They will end up relying on you.

It is better to avoid this kind of thing because there are more negatives than benefits that will be obtained.
We have a big responsibility when it comes to developing investments from other people's money.

I never received an offer from my friends or relatives when they wanted to give money for investment.
all I did was say that you should learn on your own and make those investments on the basis of your own self-awareness, not because of anyone else.

So with that statement I have no burden or responsibility when the investment they make fails.