Don’t Tell Your Friends or Family When or What Crypto to Buy

If you’ve thought about telling your friends or family about getting into crypto or they’ve asked you to help them invest. Set them up to learn about crypto and nothing more. Especially while the markets are down when it feels like an easy call.

By telling someone what to invest in you’re putting your relationship with that person at risk and you are also most likely not educated enough to give financial advice anyway.

If they buy in because you told them and it shoots up, you’re their savior, you’re a hero. But if it crashes guess who they’re going blame. In their minds it’s your fault because you gave them a wrong pick. It doesn’t matter what macro conditions create the volatility.

Instead explain to them what Bitcoin and Ethereum are. Tell them to go research how it works and price history. Maybe even show them an exchange and a wallet. But don’t tell them what or when to buy. Not worth having your significant other, friend, or parents hold a grudge on you forever.

I’ve made this mistake before and creates tension like you can’t imagine even when we were both losing money. I will not be repeating this mistake neither should you.