/biz/ - Business & Finance

>>16130838

I want to say some things and get feedback from you guys.
I have ~$300k from mom, sisters, family and my own savings ( been working for four years making really good money in my industry ).
I am personally guaranteeing my family's money ( ~ $200k ) that if Bitcoin and crypto goes to zero I will work some years and pay them back every penny as a condition for them to let me invest their money and risk it.
I believe that possibly this run-up of BTC price is tied to the Binance/Bitfinex and Tether issue and that some folks really want a bull market to start so they are FOMO in right now.
I am planning on setting a buy order for $2800, in tiers down until $1800 for BTC.
$300k distributed as follows:
70% BTC
20% ETH
5% XRP
5% Chainlink
I believe that no matter what happens with the price of crypto in the short term, as long as I am willing to hold this for next 2-3 years, I will have roughly 2.7 - 5.7 million dollars.
My question to all of you is regarding the merits of this plan, what you would do with $300K if you had that amount in a checking account ready to be transferred to Coinbase by beginning of next week.

>>13108747
>Might go to zero. Might x20. Let's see.
You don't know the developers.. the coin can go bellow zero, you can be charged money for being in possession of the price will continue to dump bellow zero in a fringe negative-singularity event.

You can litterally loose more than you bet with swap.

>>13035629
Kind of this..
You could leverage trade the stock/forex market, which could make it possible to make a large return from a small investment.

Obviously the leveraged position makes it more likely that you will get a margin call, if a price movement of 5% can cause you to double your investment, then a price movement of 5% in the opposite direction can cause you to loose everything.

It seems a lot more difficult to successfully earn a lot of money in the stock/forex market.. relative to the crypto market.

>>12109598
is there anyway this could be possible? like, if you have your money in an exchange and everything goes to zero, could they then charge you or something?

More like this.

What about the justed boomers

there is two divergent trends, foreign investors increasingly buying houses in the west, and young people not being able to buying houses because their income is to low and they have to much debt from student loans etc.

If the foreign investment seize, then the housing market is gonna tumble down - which would be then be a good time to buy.