The crypto market is abuzz with excitement, and it seems like everyone is talking about it. However, not everyone is profiting from this speculative market. In fact, someone has to lose money. This is a part of the market, but many people seem to forget about the risk of loss or even small losses. This lack of risk awareness is causing me some trouble, as I'm receiving a lot of blame from a few friends.
This is what you get from trying to help out but lack of awareness was what caused their problems but they are there blaming you for their misfortunes. A good crypto investor is supposed to learn and understand the ways of the crypto and if they did they would understand that no investors are to carry out their own research before investing in any coin and not just follow what they are being told to do blindly. Everyone must carry the responsibility of their decisions and not blame others for their actions and failures.
- The 1st friend: We were both DCA into Bitcoin and achieved some profit. However, she blamed me for being too cautious and missing out on a huge opportunity to make a 900% gain with SOL.
- The 2nd friend: I shared my belief that BTC price would continue to grow in the long run, possibly peaking in 2025. He took my opinion and started buying BTC a few weeks ago at around 45,000 USD. Now, with BTC down by about 7%, he's blaming me for causing him to FOMO and make poor decisions that led to his losses.
- The 3rd friend: I once warned her about the high volatility of the crypto market and the significant risks involved. As a result, she opted to stay away and instead invested in gold. However, with BTC having surged by over 200% from its low, she's now regretting her decision and blaming me for discouraging her from participating in this lucrative opportunity.
What i understand from these three situations is that they are not knowledgeable and followed your instructions without knowing we all have different opinions on things and that everyone has what works best for them, they followed your strategy and are complaining bitterly about it because it didn’t work wonders for them.
- Have you ever shared investment advice or opinions with others?
I have never given an investment advice to anyone before because i am aware if things go wrong they will surely put the blame on me so I'd rather just keep it to myself. If i ever will share ann investment advice with others i will surely make sure to warn them to carry out their own research and only use my advice as a guide as nothing is guaranteed from following my strategies.