Don’t oversell your friends and family on crypto. We all want to share this revolution with our loved ones, but no amount of potential profit is worth damaging relationships.
Veterans of the space are familiar with how it can go: a family member or close friend comes to you for help buying crypto during a bull market. They know you've been talking about crypto for some time and trust your judgement now that they see the gains. You get them all set up after explaining the risks. But when the bear market looms, and they're staring at uncomfortably large losses, they can feel some resentment toward you.
Share your knowledge and opinions, but undersell on the possible gains. Oversell on the risks. My father-in-law approached me about BTC and ETH recently and I spent several hours discussing all the possible risks with him. I'll be happy to set him up with a DCA plan and hardware wallet if he still wants to invest after sleeping on it. We're all part of a global revolution, and we naturally want to share that with the most important people in our lives – but no amount of profit is worth potentially damaging relationships with loved ones.
submitted by /u/Drudgel