[handmodel]

I think you could casually send her some articles on the Luna collapse - or the 100 of recent articles on the collapse. But unless she is investing the majority of her wealth I would probably stay out of it? It isn't your money. It's possible to have opinions on bitcoin without being a programmer. And plenty of people with actual careers in technology have different opinions from you. And people in finance may have different opinions altogether and may even be more qualified.

If you had a relative in real estate would you not buy a certain house even if you felt like you did your due diligence and you really liked it? What if you had a friend in cars who had a strong opinion on Tesla?

I don't own any crypto - but also don't give my family too much financial advice unless they ask.

[farseer]

This! If BTC spikes and she didn't invest, you'd be hated forever. If it collapsed further, your opinion wasn't sought after. You had no idea what happened. Stay out of it.

[low_tech_love]

Yeah, no, that’s not how I treat my loved ones, I’ll give them my best opinion as if it was my money (they’ll decide by themselves later). Are you telling me you wouldn’t try to dissuade a loved one from a scam, just because it’s not your money?

[handmodel]

How much money are we even talking? If it's less than 10k (or its more than but she's still contributing to a normal retirement fund) then I wouldn't do more than lightly bring it up.

I am not long bitcoin or etherium but I definitely wouldn't call them scams at this point.

I'm also not sure why you think you are the only one with expertise on this. I am a programmer - so what if you are? You don't need to know how to code a blockchain to make a judgement on its future value anymore than you need to be a geologist to know the future value of gold.

[low_tech_love]

Why did I give the impression that I’m the “only” one? My sister is a psychiatrist who uses her computer for MS Word and Facebook. But for whatever reason you and the other people replying seem to think it’s ok to lose 10k for nothing. Would you invest in diamond mines, or milk farms, or wind energy, if you knew nothing about what you are doing, without consulting someone close to you who works with something similar? Sorry but you guys sound just like scammers who are drooling for new easy money to come into the “market”.

[searchableguy]

> I am not long bitcoin or etherium but I definitely wouldn't call them scams at this point.

What did fundamentally change that cause you to think it is not scam at this point?

[farseer]

Sustained value for several years (yes volatile), descent liquidity and markets to buy and sell without restriction. Inherent deflationary and decentralized technology whose algorithms are open source and available for review. A speculative asset yes, but a scam? not really.

[searchableguy]

> Sustained value for several years (yes volatile), descent liquidity and markets to buy and sell without restriction.

I think this is the key reason for many of these people. They think just because something has existed for a longer time frame, it has fundamental value which is absurd to me.

It applies to diamond, gold, commodity, etc investments as well. The demand is purely artificial and based on historical context than usage.

[low_tech_love]

What sustained value? If you bought bitcoin 6 months ago you lost 50% of your money.

[jmprspret]

FWIW I totally agree with you on this.

[atoav]

Tell her to not invest any money that she is not willing to lose.

From what you observed (feel free to cite articles) there are many cases of collapses and scams in crypto — with her being late to the game there is a real risk to lose a lot of money. There is of course also a chance to gain something, but she can't know.

The gist of it is that it is her decision, but that she has to weigh herself how much she is willing to risk to lose. You can only give her information on your perceived state of crypto, the risks involved etc. But in the end she decides. If she just wants risk she could as well just buy a thousand lottery tickets.

If she wants a safe investment this is something else. Crypto is not a safe investment.

[low_tech_love]

I could buy the house but I’d definitely ask their opinion first. You make it sound like uninformed opinions are ok, I disagree. Thanks for the suggestions.