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/biz/ - Business & Finance

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20641388 No.20641388 [Reply] [Original]

my mom wants to invest in crypto for her. it probably wont be much, maybe a couple hundred bucks a month, so im trying to figure out what the best route to take would be. just toss it in something safe like BTC over time which will mean less gains, or should i play some alts? i plan on doing both as her investment money accumulates, but any advice on where i should start?

shes a good lady, i'd like to set her up with a little something for when she's retired. she has a good career and her shit together, and i know once she understands the money that can be made she'd likely increase her bi-weekly investent amount. the fact that i convinced an almost 60 year old woman to invest in cryptocurrency with little persuasion is something in itself.

>> No.20641400 [DELETED] 

>>20641388
massive sell signal

>> No.20641410

>>20641400
suck my dick faggot i just wanna do something nice for my mother

>> No.20641423 [DELETED] 

>>20641410
letting her in on the fact that you invest in crypto is going to fuck you over in the long run. and you deserve it

>> No.20641446

>>20641388
100% link

>> No.20641459

>>20641388
>mom is almost 60
>anon living at home
sorry fren neither one of you will make it

>> No.20641481

>>20641423
i really doubt that, but what makes you say so?
>>20641446
yeah not gonna happen. i already own LINK id rather not buy the 3rd largest market cap right now

>> No.20641496

>>20641459
we dont even live in the same city dummy. haven't for years. haven't lived with her for even longer.

>> No.20641573

>>20641459
it'd be 10x easier to make it living at home too unless you're retarded

>> No.20641654

40% BTC.
40% ETH.
10% DAI, farming yield.
10% LINK/RLC/PNK/your choice of mooncoin.

>> No.20641705

>>20641481
Oh no its retarded

>> No.20641711

STATERA

$10 is FUD

>> No.20641726

>>20641654
You are literally describing a less efficient STATERA pool on phoenix fund...

>> No.20641728

>>20641654
seems safe. but ill probably allocate more to mooncoin projects than 10%. although i suppose that depends on the market when i buy

>> No.20641746

>>20641728
Don’t gamble your fucking moms money on shitcoins idiot. She will not appreciate that. Just DCA into BTC and ETH, maybe 10-15% on shitcoin gambles if you cannot control yourself.

>> No.20641769

>>20641388
Wait for a good entry point (5k btc) don’t buy in at alt season if it’s a long term hodl

>> No.20641779

>>20641746
i didnt plan on buying random shitcoins, i actually do research the projects i invest and hold long term generally. im not one to chase pump and dumps.

>> No.20641783

>>20641496
>>20641573
just explain to her how to buy btc and eth on coinbase like a normie. investing for others never ends up well even if it's family.

t. someone who did this in 2017 lmao

>> No.20641801

>>20641769
i kind of figured, unless i'm DCA'ing in to only bitcoin i'll probably avoid for now

>> No.20641826

>>20641779
Then why are you asking /biz/? The majority here is shitcoin chasers with 3,000$ “portfolios”

>> No.20641850

>>20641783
well i already told her not to part with anything she cant afford to lose and explained the risks. i really didnt do much convincing at all, she more or less hinted at it so i asked if shed like me to throw some money in to crypto every week for her. i plan on showing her how to buy crypto herself, but not living in the same city makes it difficult because i'm not going to try and explain it to her over the phone when i could just do it in 5 mins in person

>> No.20641871
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20641871

>>20641850
alright well your blogpost is extremely boring now. good luck with that, cya

>> No.20641870

>>20641826
because not everybody on here is a degenerate gambler trying to shill their latest scam. i'm not retarded i wouldnt buy something just because it was recommended to me. i wanted to see if there was any consensus and if any of my potential picks came up in this thread. none of them did so far besides link and eth lol

>> No.20641889

>>20641871
ok subscribe for latest notifications anon