It's rare to find someone who couldn't diversify his source of income to other areas when he was prettily doing financially well than when struggling to survive with no more source of incomes. I can tell you that if you get involved in such cases of my cousin, then you should get yourself ready to be blamed because he can't afford to starve himself and unables to pay his bills when he have funds there in his bitcoin investment.
So you can imagine if he gets choked up and needed to sell on emergency purposes at when the market price seems low even to a point he can't recover his capital, what'd you think will be his state of emotion? Of course all blames would be on me.



So right there you could find necessary reasons why my cousins case intentions of picking late interest on Investing on bitcoin seems to be void.
He thought is that he was going to make it quick rich to sustain his financial needs since he has lost his job. I just can't be part of that so, it's better I leave the whole blames to him than worrying my conscience to had mislead him knowing that his portfolio isn't capable to undergo a demanded long time holding like bitcoin before you can make some profits.

Your cousin misused the opportunity he had to invest on Bitcoin, although I can't tell if his income was enough but if it was then he really misused it.Money is never enough yeah we know but with some people's source of income they can provide for themselves the basic necessities of life and get an emergency fund and the rest should go for an investment it could be Bitcoin or whatever,the goal of Bitcoin investment is to secure wealth in the future.I don't see alt income related to what your bro is facing, though it's good to have other source of income as a result of the economic instability (Inflation) but in this case he shouldn't rely on Bitcoin investment as a source of income because his not gonna get his desired profit.

It doesnt have any sense that you would really be making some investment on which at the moment that you dont have any job. Come to think that investment on crypto isnt a solution on the current financial struggle that you are currently that experiencing on which we do know that we do still need that constant and secured salary on day to day or coming from other income sources. Dealing up with crypto space
doesnt really guarantee that you could really be able to make profits on which is why it would be not a good option for you to take on such situation. As for having that kind of advice then it would be better on telling them about the basics about investment on crypto or even just say with Bitcoin on which it cant really be able to bring out that immediate profit on which he/she might really be that expecting something
big profits on the moment that he would be putting up some money on which we know that this isnt how it works.

Trying out to make it as a band-aid solution into that current jobless condition you are in? You are potentially making things even more worst.Plus, come or bare in mind that market movements arent that something that could be predicted. If you would tend to make up some profits out of those movements then better think not or having none of those considerations because market reality
would really be just that make you disappointed.

One of the things that is quite risky and important to prepare is indeed related to the maturity of preparation before birth. Because if you are not really ready, then there will be certain fears or worries that befall someone. And we don't need to rush them to quickly invest in Bitcoin if they are still unsure and not ready. because that will actually make the risk much higher.

Investment is not just about investing money and taking profits. But also emotional management is also what makes a person ready or not for various existing conditions, both mental and financial readiness.

And in my opinion, it's normal if you're not ready to invest in Bitcoin because you feel your financial condition is still unstable and you can't set aside it yet. Instead of forcing yourself, it will actually be at a higher risk. So, just think about it first, make sure whoever is really ready with everything, so that they don't worry or panic easily when making decisions.

Well, seeing the fact that he suddenly become eager to invest now because he has lost his job, it’s clear that his main purpose is to achieve quick profits, but unfortunately he’s in the wrong investment as no one gets immediate profits with bitcoin. Long term hodling is the best key for bitcoin, if he won’t submit to that, he’ll definitely end up losing and regretting. No wonder why OP cannot support his way of investing right now, because he’s definitely into the thought that bitcoin could cover up all his bills and make him instant rich in the process.

Waiting will only be worth it if you have other income-generating activities on the other side. But if you are just waiting for your assets to grow, it would be like waiting in vain as you don't know if you will be earning profit or not. At least, if you have other side jobs, you are not totally depending on your assets. Life goes on while waiting for your assets. It means, you have other expenses to pay for or monthly bills you need to pay.

That's right, it's not good for someone to decide to invest in Bitcoin because they're just following the hype or other people telling them to, of course this will be detrimental to us if we do that and it would be better for us to understand it first before deciding to invest.

Investing in Bitcoin has indeed been proven and they will benefit from holding Bitcoin in the long term, the large number of large companies that have used Bitcoin certainly makes us more confident in choosing to invest in Bitcoin in preparing for a better future.

There is an interesting point from what you have said above, namely "He should get a job first before investing". Well, I think this might also apply to everyone who has the will to invest, especially BTC. Normally, all of that has a beginning before entering and investing in BTC from various sources of income.  Whether from following several campaigns in this forum or from other sources of income either daily/monthly salary.

You've already made yourself unaccountable to whatever happens next, I think that it's time that you shut up about it with your cousin, and you should've known not to advised him to invest in bitcoin in the first place if you already knew that your cousin is already hanging by a thread with that temporary job. I feel like you've screwed up big time OP and you're just trying to tone what's happened to you and your cousin because if the money will get lost because of the panic, I'm pretty sure that there's bound to be a fall out somewhere that would lead to you saying things like this, that's the thing that makes me think is happening in this one. I guess your advice is a good one given that it does make sense that you don't really want to prioritize investing when you don't have any money to spare for it, and when the choice is between not starving and investing, most would recommend you the former.