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/biz/ - Business & Finance

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57138988 No.57138988 [Reply] [Original]

My friend thinks I'm an idiot because I put $1300 into BTC. He said the best thing is to put it into a "high yield savings account". My gut tells me he's retarded.

>> No.57139082

Yup, we're not in a bullrun yet. He'd be calling you a genius and asking you "explain to me how to do it" if we were already at the top.

>> No.57139093

>>57138988
BTC is a scam fork of Bitcoin.

>> No.57139173

>>57138988
if you can't afford at least 1 BTC don't put money in BTC

>> No.57139218

>>57138988
He is a retard, even if you're a fiat cuck with no balls you'd just use a money market and get better APR without the bank middleman. "High yield" savings accounts are borderline scams, they are so bad. Plus on a long enough time frame BTC will trend higher either way. Fiat is doomed to printing to pay off gov debt.

>> No.57139440

>>57138988
Both not smart

>> No.57139460

>>57138988
Bitcoin is just leveraged index funds. You’ll earn or lose more in a shorter timeframe

>> No.57139470

>>57139460
But it's not. Leveraged index funds can't be held beyond short term.

>> No.57139602

>>57138988
He's right, you are a retard. You would still be broke even if btc went to 1m

>> No.57139722

>>57138988
Probably find a shitcoin to marry and hodl. You don’t have btc money sorry
My biggest regret is not just buying more shitcoins and putting my poorfag money into btc

>> No.57139827

>>57138988
High yield savings accounts are retarded. Just hold if you can't pivot into alts. There will likely be massive market manipulation before the ETF announcement so banker buddies can maximize profit. Then BTC will LAUNCH and the rest of crypto will follow

>> No.57139847
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57139847

>>57139470
>But it's not. Leveraged index funds can't be held beyond short term.
>and crypto isnt
Never change, /biz/.

>> No.57139944

>>57138988
youre both retarded. btc price too high for you to make decent money. you need to find a coin with more risk/reward ratio. brc is for storing value, not for making it anymore. funny to see two retards arguing with each other lol.

>> No.57139945

>>57139173
You're retarded.