/biz/ - Business & Finance

>>24300666
If your dad is throwing you 2k then its probably money he doesn't care about.

Don't mix it with anything else. Keep that shit separate so when he comes back to sue you don't have to reveal any other accounts in court.

AST, buy ETH and swap half for arte or Buidl. Stake half matched with the other half for 30-50% bonus for 3 months. Just repeat it for a year and you’ll double without risk

Take 2k wait for bottom

>>24300729
I dont want to stake with this little money

>>24300666
My dad asked me to put $300 in for him in Jan 2018 at the peak and I swear to God within 60 seconds of the trade the entire market shit in everyone's mouth. We laugh over it now.

If it was more than $300 I'm sure he wouldve pulled my ballsack out my mouth and punched it.

>>24300883
Honestly thats why im probably gonna say no
I like gambling with my own money but im not gonna waste of his money on it

>>24300666
just buy the dip faggot

>>24300666
buy BTC and tell him you'll give him some of the profits

>>24300972
I dont want to buy blue chip coins
I want to make a lot of money or none of it

>>24301007
He says any money i make is mine to keep

>>24300666
>listen dad I'm not gonna invest for you but I can help you set up a coinbase account it's real simple

>>24300666
>>24300720
Just keep a ledger of what money you're using to trade crypto with.
>hurrdurr buy BTC at 16.5k
>sell at 16.7k
>now you have $2020 to fuck around with
>do it again
Robinhood will keep track of market buys and sells for you as well, so doing both wont hurt you at all.

>>24300666

Buy gold and silver on the blockchain (Kinesis) instead. Do not buy crypto backed by nothing.

https://www.youtube.com/watch?v=5Q9aYYluRA0&ab_channel=KinesisMoney

>>24301185
No

>>24300666
satan trips

do like my dad, buy RLC

>>24300666
The correct answer is “don’t take the money.” You’re an idiot if you mix family with investments and I promise he’ll either hate you or ghost you after it’s all said and done. Don’t ruin your relationship with him.

>>24301221
Kys pajeet
If i lost all his money to street deficators i would unironically hang myself in the closet

>>24301253
Nah hes giving me money because hes too nice
He said i can keep all the money i make

>>24301218

BTC and other thin-air cryptos are going to zero >>24292655 >>24292676 >>24292696

>>24301253
I mean even if he goes to zero, almost anyone can pay back 2k within a year.

>>24301047
Did that for my pops, he's been monthly buying since 2019

just buy BTC and ETH.
it's your dad's money. not losing it is your first priority, so don't buy shitcoins

>>24300666
checked satan trips
take the opportunity but don't buy until we find out if this is a little correction or the house burning down

>>24301044
Uhh then just take it..?

>>24300666
Tell them about the half price black Friday sale. Also fucking trips of evil...

>>24300666
EVIL TRIPS checked
buy memestonks on robinhood instead

>>24301260
everyone know it's about to take off, accumulation is done, stop fudding retard. oh, or did you buy at $2?

>>24300666
Am I ghost banned? All in LINK you retard. Not checked

>>24301006
Here have a guide how you make shitton of moeny steps since BTC is still falling right now:

Watch the market, set Alarms in the app for every price jump so you know when the Bullrun starts.
If you get notified when the bullrun starts, stop immediatly whatever you are doing, log into Binance, or other exchanges that offer 10x or more margin trades with a stable crypto like UDST, Borrow the 10x of usdt amount of your money(which would be 20000 dollars, interest is 0,02% per hour or something in that range)
and buy BTC or whatever shitcoin you want

Now Sit back, order a pint of beer and watch the market go nuts. Occassionally set automatic sell orders so if it drops when you are not watching, it sells automatically at a given price.
Sell back to UDST, pay back the Margin, keep the profits.

How much would you make?
Imagine BTC is at 10000 dollars. You do margin 10x and basically buy 2 bitcoins with your 20000 dollars.
Now lets say Bitcoin goes up to 20000 dollar. You now have 2 Bitcoins worth 40000 Dollar. Now you sell them, suddenly you have 40000 Dollar in your wallet, you repay your margin loan of 20000 dollar. and voila you just made 20000 Dollar with your 2000 dollar.

There are sites that allow margin trade for up to 100x, but its super risky and interest/fees are higher).

>>24301414
Yeah will definitely wait for a lottle wile to see where its going
>>24301427
Its not that easy

>>24300666
all in avax unironically. it will be higher than now in 1 year.

>>24301288
You don’t know what you’re talking about. Trust me. I was in the same position with my family until the crash of 2018. They still think I caused that and lost their money and we still don’t talk. You need to be very, very careful about this.

>>24300666
Buy Link at this levels, you will have 10x in few years. It’s like stealing at this point.

>>24300666
Buy him inj and leave it for a year, your dad will thank you for that

>>24300666
2k is a lot of money, but it’s really not that much money to a 40yrold.
He’s probably more curios and wants to have a project going on with his son.

>>24301538
Nice pipe dream

>>24301539
This seems like the best bet right now yes
Its a shame i dont have any balls to do it

>>24301538
>>24301675
Im not gonna buy a stable coin for 2k

>>24300666
Checkd
Its his money, just help him out a little.
I help my dad and hi bought 1k of ADA at 7cents.
Tell him about the risks, tell him about volatility and tell him that you will do your best to get the most profit out of his investment.
Don't buy defi as boomers trend to get scared with it, try to go with any of the basic Cex coins (eth, btc, link...)

>>24300666
I don’t know about you all... but because of Corona this is the first time since college that I’ve felt alive. I have lots of silver and been waiting for something like this to happen for 5 years. The point where things get so bad that 1 silver merc dime will buy me a blowjob from a formerly well to do housewife and her 18 year old daughter at the same time. I’ve been waiting in the shadows laughing at these cuck husbands who buy their wives range rovers instead of buying silver bullion... knowing that I’ll be face fucking their wives mouths for the 1.30$ it cost me to buy that silver dime.

Just yesterday at Whole Foods I seamlessly entered into conversation about Corona with a roastie milf that had a ring on her finger in the water aisle... and I said this is all a cover for trump to bring us back on a gold standard. She started looking at me in amazement like she wanted me to paint her lips in cum. At the end of the conversation I’m like take my number l have plenty of protection and freeze dried food if you ever need it and she took it from me

OP you should put it all into kleros (Pnk) if you don’t do this you’ll be very upset in a year

>>24302033
I already bought this memecoin with my own money and i have little to no hope for it

>>24301130
Don't swing trade like this. If you're being gifted $2k, you should grow it long-term. Don't fuck around with someone else's money, there's nothing gayer than losing something you were given

some new and unique token issuances are coming on avax. imagine not having any coin

>>24301817
Its not that risky, especialyl not If you buy at the bottom and know its going top, you just place a Stop/Loss order like 2-3% below the entry price, and if it drops below that you basically just loose these 2 or 3 %. So its almost impossible to loose it all.

>>24300666
if you’re fucked either way then you should tell him you can’t take his money. You clearly have no conception of what to do. Your anxiety is real.

>>24300666
Hi satan,
if theres anything I learned from 2017 when normie adoption became insane it's that you dont invest money for friends and family. So many people online thought they could invest and lost a shit ton of cash and had angry family members. If he wants to just give it as a gift that's fine, but dont promise any big returns at all.

>>24300666
Tell him that there is absolutely no guarantee he is even getting it back, and that he should essentially treat it like he just threw that money away. If he still wants to invest it then go for it.

>>24302183
STOP
>>24302211
hes not gonna get mad if i lose it in investments he doesnt care that much about money

>>24302288
Link is at the bottom of its channels with eth, btc and usd. Clearly the best option right now or at least put it in the trinity portfolio. It sounds like youre allergic to money tho so just go ahead and buy xrp

>>24301539
1 question i never did this before
What if i lose all my money and i cant repay back the loan?

>>24302540
Thats not possible, Theres a margin call before that, that just liquidates all your assets to repay the loan, which means you can only loose all your money, You cant really end up in debt. Just loose the 2k

>>24302540
>>24302540
Here a tutorial from binance
https://www.binance.com/en/support/articles/360030851071-What-is-Margin-Trading

But as I said if you set up a Sell order a certian% below your entry price you cant even loose all your money because the system automatically sells your money at a pricedrop, so you'll maybe loose 50-200 dollars(depending on the pricedrop and limit you put up)

>>24300720
>when he comes back to sue
Do american parents really?

>>24302569
Oh okay good

>>24302622
Thank you very much for the advice
will look into it

>>24301897
You don't love your Dad then, Satan

>>24300666
Do it. Also digits say do it. Also, do it. You won't regret. If you're worried buy stable (BTC or eth) and just sit on it a few years

>>24302818
I might margin trade link seems like a golden time right now

>>24300666
Show him how to buy it himself...

You can take them and not immediately invest you know

>>24302871
You'll get spanked your first year of margin trading at least. Only use 5% of your money for margin. If you're good at it you can grow that percentage, if you're bad (you will be) then once you lose the 5% dont do it again until you can put more cash in from outside of crypto and use 5% of what you put in again. Never sell your holdings to chase losses or you will go to hell during what should be the most profitable year of your life.

>>24302961
BUT NOW IS LITERALLY THE PERFECT OPPORTUNITY TO MAKE MONEY

>>24302871
Honestly, right now is a bad time to go in, wait and watch the market carefully. Maybe try Margin trading with a small amount of money first, its still high risk and high reward thing.The market is still bearish right now. Wait until you are pretty certain it goes up. Because if you hold a margin trade and it drops below a ceratain threshold you can get automatically liquidated. Margin should only be done if you know it goes up(or you are shorting, but thats another trading technique), and Often times the Volatility of the markets (many ups and owns) can cause a margin call despite the course beeing bullish.

take it, say it didn't work out. buy hookers.

>>24300666

Nice trips. Today is your lucky day. I'll cover 25% of your losses on the 2k (if you cash out with losses) if you screencap the purchase and promise to donate 5% of your gains to charity. Screencap this.

BTC 20K by EOY

>>24303023
Yes of course i meant in the span of the next few weeks
>>24303106
Im not a fan of donating to the needy

>>24300666
take the 2k and buy link

>>24300666
wait for bitcoin to go down to 4k and full send

>>24303178
I'd say the next bullrun might start in the next few days and you want to buy in as low as possible. And yea as Said try to practice margin trading with little money a bit so you become familiar with the interface and how it exactly works etc..

>>24303301
Will do
Thank you for the advice

>>24302871
dont listen to this retard >>24301539
dont trade on margin the money of your father

>>24300666
2k buys you 166 ChainLink today
my 1100 links cost me 500 dorrars
I say you go all into chain link.
I haven't even waited a full year yet and I'm in massive gains.
Does ChainLink look like a scam project to you? how come? tell us, why are you still delaying?

Hey just buy some comfy stocks he might be okay with it going up a little bit a month and you can save it for a rainy day

>>24302629
no

>>24303482
I told him its high risk high reward. Its his decision fucktard. He can also just invest in several shitcoins and hold for several years. If he wants to go for it and try the High risk and reward way he can do it kek.

Just put it yearn finance and enjoy 20% apy

>>24303482
Its not like i would margin trade 2k
But its definitely worth taking a look at

>>24302871
Do it newfag

>>24300666

Take it and put into an income etf, tell him your crypto pays quarterly and only pay him 10% of the income

>>24304337
I really wish i was new
I have been lurking on biz sonce 2016
Not buying anything for so long gives me mental pain
I go to sleep angry everyday

unironically kleros

>>24300666
invest in ALGO at 0.25-0.27 and wait for a year

Best option for you as a newfag is to buy something and HODL it. if you try trading you will lose obscene amounts of money because you don't know what you're doing, also remember the basic "buy low sell high", it sounds simple but it goes against the human psyche's loss aversion cognitive bias so a lot of people end up panicking and make their temporary losses permanent by cashing out
Feel free to make theoretical decisions on what to trade into and keep track of how those assets move so you can still learn and be intellectually invested rather than emotionally invested
good luck OP

>>24305113
What would you buy?

>>24300666
Get some Rari satan.