You can always find that moment — when your friend finally listens to your crypto ramblings and buys their first coin. The sense of achievement at that moment is truly indescribable.

But what happens after? When the market pulls back, their confidence begins to waver. You have to explain why this isn't a bear market, why they shouldn't cut their losses. When the price rebounds, they start dreaming of getting rich overnight. You need to remind them again of the importance of risk management.

The most ironic part is, after spending so much effort convincing them to "jump in," they end up making money and think it's because of their sharp eye, but if they lose money, they blame your initial advice. From then on, they either give up on cryptocurrencies altogether or become even more fanatic — neither outcome is what you want to see.

So, before advising others to enter the market, ask yourself: are you mentally prepared for their various reactions to the crypto market?