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/biz/ - Business & Finance

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12111995 No.12111995 [Reply] [Original]

Was not dumb enough to suggest BTC and other cryptos as 10% of portfolio to family last year.

Recently my sister asked how to buy ETH on coinbase, think for longer term investments ie 2-5 years ETH or BTC buys now will be profitable?

came from /b/ two years ago, so no games

>> No.12112023
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12112023

>>12111995
We might start an uptrend in February with BAAKT and an ETF or they get denied and we crash harder. Or they get approved and nothing happens because boomers dont care about BTC. Q1 2019 is going to be huge regardless. If nothing happens we probably trade sideways all year in consolidation. Next event will be 2020 May halving.

>> No.12112026

>>12111995
yes, now is the time for dollar cost averaging if you want to invest long term. maybe buy 2-3% of your portfolio a week and you'll be doing better than 99% of biz who goes all in with one trade.

>> No.12112045

>>12111995
BTC yes, ETH will die, no one needs Turing complete nonsense to play minesweeper on a blockchain with the processing power of a 90s brick phone

>> No.12112047
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12112047

>>12111995
Yeah, I just took a 10% hit to my Roth IRA to go all in ETH