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28381752 No.28381752 [Reply] [Original]

my friends are starting to ask me to invest money into crypto for them?

whats everyone experiences with this?

>> No.28381802

Don't do it. Could create a huge headache for you down the road due to taxes.

>> No.28381807

>>28381752
I would say dont do this. if they lose money they'll blame you.
maybe recommend BTC/ETH/LINK
don't tell them to gamble on random shitcoins

>> No.28381811

I did it, bought the worst shitcoins I could find, lost all their money and they never asked again.

>> No.28381829

that's a bear signal, i'm selling now.

>> No.28381834

Fucking don't. Sure, help them set it up themselves but DO NOT manage their money for them

>> No.28381875

>>28381752
dont do it kek. were dangerously close to the top, they'll lose money and blame you

>> No.28381891

Never never, learn from my experience

You make them money, they take the credit for themselves, you lose the money, they low-key blame you, and your friendship is in risk and in a shit position

Its a lose-situation, fuck that shit anon

please dont do it, no good comes from it

>> No.28381911

>>28381752
friends love BoringDAO

>> No.28381920

>>28381752
Like fixing someone's computer, if anything goes wrong you're to blame

>> No.28381926

>>28381807
>>28381834
>>28381891

yea thanks guys im just going to recommend them safe coins.

>> No.28381935

if close friends: don't
if """friends""": tell them you'll do it for 10% of the amount they give you and you're not responsible for anything that happens. If they get rugged just ghost them. ezpz

>> No.28381980

>>28381926
>safe coins
lmao, that's an oxymoron

>> No.28382039

>>28381752
dont do it, help them with making accounts and shit but let them handle their own money

>> No.28382100

>>28381752
do not invest for them, but you can show them your portfolio and tell them why you chose what and for how long or until what time you are holding those coins. But only dor true friends

>> No.28382150

>>28381829
google search trends shows we're well below 2017 levels despite being double the price. now isn't the time to worry. but if you believe it is, feel free to sell

>> No.28382166

>>28381802
Not to mention if you lose their money they’re gonna want to be paid back.

>> No.28382170

>>28382039
also this. If you lose it, your fault.
If you pay them their huge payouts, they may have suspicion that you kept some for yourself. You cannot win in this scenario

>> No.28382186

>>28381752
> Do not invest for them
> Do not encourage them to buy coins
> Do not promote or show your portfolio

You will get fucked over.

>> No.28382244

You will make worse trades with that burden. Crypto requires you to trade care free due to the risks involved.

>> No.28382265

>>28381752
Won 5k, 2017, lost 4k, 2018

This year I'm mostly waiting for the btc correction which is not over before I buy

>> No.28382303

>>28381752
bad experience fren. Try to steer away from it.

>> No.28382321

>>28381926
>safe coins
there are no safe coins at this stage of the bull market

>> No.28382335

>>28381752
>telling friends you’re in crypto in the first place
Absolutely NGMI

>> No.28382341

>>28381752
Show them how to do it themselves but don't mix money and friends or family ever. It would be difficult to divide up their gains versus yours. No one knows if there's going to be an epic crash someday.

>> No.28382384

>>28382335
i work in a crypto prop shop theres no way they wouldnt know

>> No.28382405

>>28381811
chad move

>> No.28382470

>>28381752
Show them how to do it. Do not invest for them. Never

>> No.28382696

>"Idk, I just buy bitcoin bro. Download this app and do it for yourself, I dont feel comfortable handling your money man."

Feign incompetence, stop talking to them about it. Nothing good comes of this.

>> No.28382700

>>28382384
Play it off and tell them that you don’t believe in this shit.
Make absolutely sure they know for certain you hold 0 crypto.

>> No.28382711

Only help then if they're Computer Science majors,programmers, or cyber security. These are the ones that have the brainpower and technical experience to understand bitcoins and altcoins. Why? Because they know how to problem solve and do technical research.

Social Sciences Stacey and Finance Fred would nag you and get emotional at a -5% dip. Computers are alien to them.

>> No.28382822

>>28382711
I'm an econometrist and I've been around crypto since LTC

>> No.28382881

>>28381752
I'm getting déjà vu from this thread and I think it's related to late 2017.

>> No.28382895

>>28381752
say no, faggots will ask endless question

>> No.28383755
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28383755

>>28381752
"helping" a friend with his portfolio (honestly pretty much managing all of his holdings).

Pretty fun, just telling him to buy low-risk future potential projects, and hearing him freak out over a 20% return overnight makes me happy.

>> No.28383796

>>28381752
Don't fucking do it. If you lose their money they will fucking hate you

>> No.28384491

>>28382265
there was a correction down to 29k the other week... and the real correction was last year in march. come on. do you really think people like you will get buy in opportunities over and over and over? at some point it will move up to the next price level and leave you behind. that could easily happen in the next few months. tesla buying in is a BIG fucking deal. and mastercard are allowing bitcoin payments very soon (confirmed.) things are moving fast while you sit in fiat praying for a dip that already came multiple times

>> No.28384732

>>28381752
Tell them to buy xrp