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/biz/ - Business & Finance


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19137363 No.19137363 [Reply] [Original]

He's basically gonna entrust me with a chunk of cash and rely on me to invest it in Binance's savings accounts and in Link etc. The binance account is in his name. Do I accept?

>> No.19137392

>>19137363
>imagine laundering money and putting your friend on the hook for it.

>> No.19137406

>>19137363

no you idiot. what happens when you lose money? the friendship ends. never do any trades for friends or family

>> No.19137426

>>19137363
Only if he will go all in LINK and he is ready to wait 1 year minimum for a 40% return. Anything else is just shitcoin gambling.

>> No.19137432

>>19137363
Are you currently employed as a financial advisor or work for a trading group? If you're just some /biz/tard, don't.

>> No.19137462

>>19137426
He wants to go half link half tether and put the tether into a high interest binance savings account. 8% interest a year. A quarter of the link would go on a ledger and a quarter in binances chainlink savings account. 0.9/ interest a year.

>> No.19137475

>>19137363
>>19137432
Adding on to this, assuming you're just a normal nigga, tell him he should make his own decisions and handle his own money, but you'll steer him to some good projects and provide good entry and exit points. Handling your friends money is a recipe for disaster if it goes wrong.

>> No.19137481

>>19137432
Theres no such thing as crypto financial advisors cos crypto is unregulated.

>>19137432

>> No.19137498

>>19137475
This is what I'm thinking. I also feel that 20% is an absurdly high amount to claim just for clicking some buttons. He just sees crypto and binance as very time consuming and complicated so he'd rather I handle it.

>> No.19138424

>>19137363
No. You need a license to do this.

>> No.19138442

>>19138424
You could run an illegal hedge fund.

>> No.19139612

When you inevitably make a wrong decision and you lose your friends money consider that friendship dead.