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23285810 No.23285810 [Reply] [Original]

i told my dad about my LINK gains, and showed him that Fidelity BTC article, now he and his boomer friends all want my help getting into crypto

can i set up a fund or something where i invest on their behalf? has anyone here done something like this?

>> No.23285821

>>23285810
Hoping this is a larp, if not my advice is don't

>> No.23285839

>>23285810
wait for the big dump and then invest

>> No.23285862

>>23285839
>pick the exact bottom

>> No.23285878

>>23285862
>just invest before the elections, before the lock down 2.0
yeah invest now

>> No.23285934

>>23285821
why?

>>23285839
>>23285878
i would DCA

>> No.23285976

>>23285810
gambling with money that isnt yours, sure buddy, go all in

>> No.23286027
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23286027

>>23285810
Give me a call anon I. I can setup a fund for you, just collect your friends money. Send it over to the fund I setup and I will have all the documents you need monthly.

>> No.23286032 [DELETED] 

>>23285810
DON'T do this.
It's fine to tell you friends, family etc. about your investments but make it 100% clear that they have to make their own investment decisions and that crypto is VERY risky. Make it 100% clear that they can lose most of their investments (even if you don't believe this) even things go south.
95%+ of normies don't understand risk and will blame you if they end up losing money. I helped my granddad invest some money into cypto in late 2017 (after I had made insane gains). He has a lot of boomer stocks so I assumed he understood variance/ risk and that he might end up losing his money. He clearly didn't. I could tell he was disappointed in me when his/ our crypto holdings were down 50%+. He kept asking me to sell, told me about crypto FUD he had read etc. but I refused to sell.
Now he/ we are up 100% from when he bought, but even then I wish I never had helped him invest. I spent so much energy convincing him not to sell, worrying about his money etc. It wasn't worth it. Losing my graddad's money (when we were down) felt 10x worse than losing my own money.
It's not worth it. It can hurt your relationships.

>> No.23286077

>>23285934
don't invest on behalf of other people, you will ruin your own life if you lose their money and ostracize your father from his friends

don't mix friends and money

seriously just don't unless you're a math genius from MIT and your dad is on wall street

>> No.23286093

>>23285810
DON'T do this.
It's fine to tell you friends, family etc. about your investments but make it 100% clear that they have to make their own investment decisions and that crypto is VERY risky. Tell them that they might ose most of their investment (even if you don't believe this) if things go south.
95%+ of normies don't understand risk and will blame you if they end up losing money (even if they don't tell you they will still blame you).
I helped my granddad invest some money into cypto in late 2017 (after I had made insane gains). He has a lot of boomer stocks so I assumed he understood variance/ risk. He clearly didn't. I could tell he was disappointed in me when his crypto holdings were down 50%+. He kept asking me to sell, told me about crypto FUD he had read etc. but I refused to sell.
Now he is up 100%, but even then I wish I never had helped him invest. I spent so much energy convincing him not to sell, I was constantly worrying about his money etc. It wasn't worth it. Losing my graddad's money (when he was down) felt 10x worse than losing my own money.
It's just not worth it. Investing your friends'/ family's money can really hurt your relationships. Even if you don't think it will.

>> No.23286135

>>23285810
oh my gosh i want your daddys`s piece of meat in my dry asshole right now

>> No.23286143

>>23286093
Can't stress this enough

>> No.23286234

>>23285810
>i told my dad about my LINK gains
you fucked up

>> No.23286256

>>23286077
This. told my buddy about link at 2,50$ so he bought a couple, the retard got greedy and fomo`d in with more money at 18$. always asking me if he should sell like a bitch on the way down, luckily he is +-0 at the moment so atleast no losses because of me.

>> No.23287141

>>23286256

Why would that be "because of you" anyway, you fucking retard? You told him about it, you didn't buy it for him.

>> No.23287300

>>23287141
ikr. this is why i never talk to anyone about my investments. i actually say i lose money every time when it does come up, because it's easier than explaining "im smarter than you, that's why i bought AMD at $20" which is what any kind of actual explanation of investing sounds like to normies who get butthurt about everything.