/biz/ - Business & Finance

I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.

so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)

>>11756184
I will NEVER sell my links

I have $200. Four of my friends have $200. I buy $200 worth of coin A. My friends each buy $200 of coin B, C, D and E. We all plan on HODLing our $200 bags until we see 10x ROI, or for two years. Whichever comes first.

There's an inherent risk in having each of our portfolios consist of a single coin, obviously, but none of us have enough capital to diversify, and none of us have the time or energy to try our hand at more aggressive, short-term investing strategies.

So we decide to pool our crypto together. Five buddies, each with equal initial investments, and a group portfolio of five different coins. We agree to split the return on our investments equally, either after two years of holding, or because our portfolio mooned before then.

Our logic behind this is that, even if only one of the five of us makes a decent profit in the end, all five of us benefit. It's significantly decreasing risk.

Assuming myself and my four buds completely trust each other and will stick to the agreement, what are the downsides to this?

It would effectively be moon mission insurance, multiplying our chances of a payout by five at the expense of only seeing a fifth of our profits in the event of a nice ROI.

How much did you earn?