/biz/ - Business & Finance

>>57818277
you def weren't here in 2017-8. the answer is always yes.

>>57818277
No people actually respect you a lot more when you have money. All my friends basically defer to me now for anything when I told them I have a measly 300k lmao people are so poor

>>57818277
It depends on how much you have in contrast to them. If you have more, don't tell them.

I've only told my parents how much I put into VOO 11 years ago. I don't think they are financially literate enough to determine how much I may have now given the performance of VOO over the past years though. but I've since learned my mom can't keep secrets so she probably told everyone she knows about my investment

>>57818277
It depends who’s asking and how much you trust them. Never reveal how much you have to anyone that is needy or poor.
They will never stop harassing you to help them. I rarely tell friends and girlfriends how much I have. I would tell a girlfriend after we get engaged. I tell my parents everything about my finances because they ask in a caring parental kind of way, and never ask me for anything. I haven’t reveled anything to my siblings but only because it’s never come up in conversation.

>>57818277
Don't tell them. There's not really much benefit to it. If you do get make it money, just say you've got an online store that you make a steady profit from, or that you do freelance work. Keep it vague.

>>57818277
Just be honest and tell them its not real money and that youre basically broke

>>57818277
Depends on your relationship with your family. most of my family know I have crypto and am well of but they don’t know how well off. Only my mom knows. She’s pretty well off herself and never asks me for anything. I do try to buy her things but that’s just because she has been an amazing mom growing up.


If you suspect that your family might ask your for hand-outs then 100% avoid telling them about your wealth. It’s fine to say you own “some” crypto but never say how much

>>57818277
you can always tell them.
you can never untell them.

never forget, this is the power of silence.

>>57818803
This

>>57818277
Yes. Lying is gay

>>57818277
Yes, never tell them you have jackshit, and even less if you got super tokens kek

>>57818353
This

>>57818277
If you have poorfag friends and family expect to get guilt tripped, manipulated or outright robbed. Unironically, people will actually kill you for 10k and if you have sizable amounts like 100k+ (which still isnt a lot) that’s a target on your back. All it takes is your friend or family telling another friend and that shit snowballing to the furthest denominator and you getting fucked.

Do not tell anyone. No matter how excited you are. Yes, we’ve all been there we want to tell someone just so they can tell tell us congrats. Don’t. If you want to tell another living thing how much you’ve made either tell a very well off person OR tell a dog.

Only person I’ve told is a very well off chink business women in my class that’s a multimillionaire. She setup multiple educational startups in China. I told her I’m up 300k and she patted me on the back :) turns out she makes half a mil plus a year LOL

>>57818277
I wouldn't risky anything I don't have much, they know I don't have a normal job, they also know I get by just right, I stream games, and just switched to web3 games, mainly superverse games. Between that and the money I invest in cryptos I get by just fine.

But no, I wouldn't tell.

>>57818446
Never disclose, never ever. Especially latino families, they dont have shame asking, the minute you blurb out you gonna have 6 parasitic bastard sucking your balls dry in a gutter

>>57819185
I'd just lie and say some number smaller than their income and make excuses since you are by yourself its easier for you to live off just fine.

>>57818277
Yes, I stopped telling even my family. They'll bring it up at any opportunity possible, however subtle it is.
Like asking you to pay the parking fee, or expecting you to pitch in more for things. I live frugally and see the gains as a security measure. I like to live comfy, not lavishly.

>>57818277
Tell them about some of it so when they ask people or snoop around your house (and they will) they won't freak out on you for keeping secrets. The trick is to say just enough but not everything.

>>57819185
>I told her I’m up 300k and she patted me on the back :) turns out she makes half a mil plus a year LOL
she is lying down possibly hard
thats just a random round number in your ballpark but ahead of you
you need to read into this she is way above you but will not give you the exact number
such is the way the game is played
tho generally if you ever ask or go to real numbers in convos you dun goofed and showed you are dumb new money, ideally you should show your ballpark number by manners and certain status symbols like watches or whom and where you connect with

>>57818277
Don't ever tell them.

>>57819411
Maybe but I told her I come from a poor background and 300k is the most money my family (me) has ever seen. So it was nice she acknowledged my accomplishments :) without strings being attached or dangers of being robbed.

Yes
I experienced what this person said would happen

never tell anyone
just not worth it
never mention a number

>>57818277
Learn the standard when someone asks you how many Bitcoins you have:
> Not enough.
That's it. That's the answer.

That said, feel free to mog your family by showing up for Thanksgiving in a painfully ostentatious car and acting like it's completely normal, if you really have to make your cousin feel like shit for what they told you when you were 13.

>>57819362
Retarded advice, don't listen to this person

>>57819553
Sounds like shitty friends

>>57818277
yeah, its even more risky if you told them that you gain all of your money gambling on eesee lol

>Oh me? Yeah I invest a little in crypto, also stocks etc.

All you need to say.

>>57818277
It's always best to keep them guessing. Sometimes you'll get someone jealous, and they will want to see you fail.

I've told a couple people and I regret it. You start thinking what they will think. Instead of just focusing on making your money. It can cloud your judgement. Best to take this journey solo.

>>57819748
you would be taken as a very intelligent person or as a complete idiot

>>57819748
the best thing to do is to keep quiet

>>57818277
The only people you should tell about your gains is the tax man. Make sure you tell them exactly how much they are your friends