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/biz/ - Business & Finance

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25046077 No.25046077 [Reply] [Original]

>be me
>4k networth
>decide to finally get into crypto after pussyfooting around it for 3 years
>make 1000 bucks off GRT (2x)
>come home for the holiday and tell my dad
>now he thinks I'm some techno-whizzkid investor and is about to give me 100k with full autonomy to invest for him

What the fuck do I do /biz/? I'm way out of my league here but there's no way I can turn that money down. I don't think I'd be able to look him in the eyes again if I lost a bunch of that money.

>> No.25046090

>>25046077
Never give stock advice, especially to your family. Don't do this anon

>> No.25046094

>>25046077
Put it all into BTC and ETH, you'll be better off than 99.9% of investors by end of year.

>> No.25046114
File: 58 KB, 195x195, 1606123882312.png [View same] [iqdb] [saucenao] [google]
25046114

SILVER

>> No.25046121

>>25046114
fuck off

>> No.25046128

>>25046077
larp

>> No.25046130

>>25046077
>give me 100k with full autonomy to invest for him
wow you're 1/10 trump now

>> No.25046136

Put it all in gold. The dollar is inflating like fuck.

>> No.25046172

>>25046077
Never give stock/investment advice to your family. However, I did tell my dad to buy a kilogram which he did at $50K/kg. Just make sure you tell him you don't buy gold to sell it at a profit, you buy it as a store of long-term value to keep in the family.

>> No.25046186
File: 279 KB, 615x504, 1605919017198.png [View same] [iqdb] [saucenao] [google]
25046186

>>25046121
>asks what shitcoins he should dump 100k into
>gets upset about things with actual value

Enjoy losing all ur dad's money, neet supreme.

>> No.25046203

Hi anon I understand what you're going through, this happened to me too so I'll give you good advice. Your GRT trade was complete random luck so don't think that you can do this again with zero experience in the crypto sphere.

Anyways, I'd suggest you put something like 60% in LINK, 30% in BTC and 10% to fuck around and learn(lose) with in whatever coins you want, daytrading, whatever the fuck you want to do with it and increase the 10% to more than that whenever you feel confident. If LINK's price drops significantly, sell your BTC for LINK. Good luck. Be sure to learn as much as you can.

>> No.25046215

>>25046114
>>25046136
>>25046172
>>25046186
/pmg/ get out you're without exaggeration the most irrelevant subcommunity on this entire website. no one cares what you have to say about anything

>> No.25046216

>>25046077
BTC, ETH and DOT are all safe bets. LINK was good up until now, but it's TA is shit, and usually bear market performers are not that good in bull markets.
Don't invest in the stock markets, gold is good if you want to freeze your value. But silver should also have some return, maybe not like crypto in bull market.

>> No.25046249

>>25046203
thx, I do want to fuck around with shitcoins but keeping it at 10% and ramping it up when I'm more comfortable is good advice

>> No.25046255

>>25046215
Okay then dump it all in Link, retard

>> No.25046256

>>25046077
obv larp, still just take 35K and AVG into BTC. Even if you go to 0 you can still return 65K.

>> No.25046286

Put at least a small bit into LTO network
- UN partnership for land registry in Afghanistan. Biggest partner in crypto space.
-Just bougbt VIDT for digital ID projects.
- B2B data anchoring. Lots of transactions already. Deflationary.
Great for a long term hold, it's the eth of enterprise world, legit project

>> No.25046303

>>25046215
Buy shitcoins then, fag.

>gets lucky with GRT pump and dump
>thinks he can manage 100k

>> No.25046319

>>25046203
What's a good price to buy LINK at and you really think it's going to soar and worth selling BTC for?

>> No.25046353
File: 77 KB, 550x683, 1602303667667.jpg [View same] [iqdb] [saucenao] [google]
25046353

>>25046094
this and Chainlink for your moonshot.
ETH 30k+
BTC 350K
LINK 1488 USD

>> No.25046357

>>25046077
Ok here's how you manage that 100K anon

>Step 1 Go to /biz/
>Step 2 Click on all the posts that have sexy men on them
>Step 3 Buy all the sexy men tokens
>Step 4 ?????
>Step 5 PROFIT

>> No.25046371

Just put it all i to bitcoin lmao

>> No.25046382

>>25046077
Give it back to him.

If he insists you invest it for him just put it into bitcoin and wait 5 years.

>> No.25046395

>>25046319
Buy now. Yes but you will have to wait 1-3 years.

>> No.25046394

Diversify (lowers the risk to lose money) and Dollar cost average into whatever you think is good. (Lowers the risk of getting a bad price)

>> No.25046462

>>25046395
Understood. Thanks.

I'm thinking

30% ETH
30% LINK
30% BTC
10% random shit coin to lose money on. Seem reasonable?

>> No.25046487

>>25046077
BTC/ETH/LINK
Then take out 5% and play with it like you did with GRT.
Slow but consistent method, took me like 4 years but I'm in mid 6 figures now starting from $20k

>> No.25046490

>>25046462
Sure

>> No.25046505

>>25046487
Forgot to add, don't dilute all your cash right now into these. Split that 100k into 5 chunks and DCA it over 5 months.

>> No.25046520

>>25046505
thx fren

>> No.25046526

>>25046077
OP don't be stupid. Put most of it in stablecoin lending and get an easy ~10% per year

>> No.25046542

>>25046077
75% LINK 25% GRT under $0.40 and leave it for 12 months and you'll have a million bucks.
It's literally that easy. The hard part is impatience, chasing other things, trying to swing, margin trading, etc.
If you just buy those things and hold you will make it.

>> No.25046567

>>25046542
>GRT

waht

>> No.25046581

>>25046077
OP listen to the people in this thread.

No shitcoins.
No moonshots.
All BTC, ETH, LINK (2:1:0.5 ratio)

Just play conservative and DCA in large chunks to save on fees. If a big buying opportunity comes (like how Grayscale just announced temporarily halted buys) then take advantage and double your normal DCA once or twice throughout the dip.

DO NOT BUY ALTS

>> No.25046761

100% BTC, it's that easy, ignore all other shitcoins (especially LINK)

>> No.25046824

>>25046077
Don't do this anon

>> No.25046867

>>25046077
Unironically buy more GRT

>> No.25046901

Buy kneepads suck 100,000 dicks for $1 each. Then pool the money with your dad's and buy 4channel.

>> No.25046937

>>25046077
Put it into the holy trinity
75%
20%
5%

>> No.25047011

>get lucky with some shitcoin
>dad now resents me because i made money "doing nothing"
s-sorry pops

>> No.25047026

>>25046077
BTC, ETH, PNK
33% each
nothing more certain in cryptospace

>> No.25047223
File: 419 KB, 742x1425, EpujPzkVoAABc6I.jpg [View same] [iqdb] [saucenao] [google]
25047223

>>25046077

I have been in this position multiple times

I always tell them "I can't invest someone else's money. Whenever I do it, it goes wrong. If its not my money I am not in the correct mental state to trade with it"

they usually get it

>> No.25048435

Why are you guys so keen on LINK? It fucking did 1000% already