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/biz/ - Business & Finance

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4489891 No.4489891 [Reply] [Original]

>Student at uni
>Barely make any money
>Have $5k though due to cryto
>Mother asks me where the fuck did l get that money from
>Tell her about crypto
>Gives me $15k and tells me to invest it.

What the hell do l even buy? l made all what l have with shitty altcoins but l don't want to risk my mother's money with that. What are the safest coins atm?

>> No.4489905

Strat and Lisk

>> No.4489917

>>4489891
bitcoin

>> No.4489920

Pics of mom

>> No.4489934

eth.

>> No.4489942

>>4489891
all-in on bitcoin. anything else is irresponsible and will probably lose her money.

>> No.4489956

>>4489920
this. any tits pic, op?

>> No.4489957
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4489957

>>4489891
BTC+ETH+OMG+ARK.

>> No.4489961

>>4489891
Put about $3k into high return gamble DNA
Put $5k into medium risk Neblio
Put $7k into BTC

>> No.4489962

>>4489891
Buy LINK and lose all your mom's money for the keks.

>> No.4489980

>>4489956
>>4489920
you know you pajeets can jerk your little pajeet dicks in other boards like /s/ or /b/?

>> No.4489999

split it and get some btc (when/if it drops)
some nice coins:
req, mod, ven, iota, xmr, waves maybe

>> No.4490008

>>4489891
Go safe. Get her BTC, maybe ETH.

>> No.4490026

>>4489980
Why are you talking to yourself?

>> No.4490047

>>4490026
>reply to other people
>"why are you talking to yourself"
that is some next level retardation right there bud.

>> No.4490059

>>4490047
This board has IDs, you know.

>> No.4490075

>>4489891
uh yeah just buy eth
i legit dont have any and 15k isnt enough to move the market at all, so I promise I'm not trying to shill you into a bad decision
if alts do have another run, ETH will lead it.

Id just buy eth and sell at double or whenever people start spamming that there's going to be flippening. Huge sell signal and biz never fails with it

>> No.4490093

>>4490059
yes, I know, can you see my ID is different from theirs you fucking idiot?

>> No.4490136

The diamond in whole crypto swamp is XRP

>> No.4490148

>>4489891
Seeing as it's your mom's money def play it safe - as others have said BTC and ETH. Maybe ask her if she'd be cool with you putting a fraction of it into slightly riskier but potentially higher return cryptos.

Maybe 10k on BTC/ETH and 5k on riskier (but not CFD retarded) options like XMR/LTC/NEO etc?

Personally I'd recommend you look into BTS - not necessarily for Mom's money but for part of your own portfolio. If not BTS specifically then def look into DEXs generally as they're going to be huge part of where crypto goes next.

>> No.4490187

40% BTC, 30% Eth, All 5%: XMR, OMG Lisk,MOD,WTC, VeChain (high risk, high reward)

>> No.4490202

>>4489891
btc/eth/ltc
and most likely xmr

>> No.4490366

>>4489905

Powr
backed by ausi gov.

>> No.4490396

100% BTC op

>> No.4490453

>>4489891
Divide it among the best 15 cryptos
Starting with Monero and Stellar

>> No.4490497

Have it only in btc

If any quality coin has a major dip (20-30%) buy into it.

Quality is MONERO, ETH and maybe LTC

>> No.4490551

>>4489891
You give it right back and respectfully decline before you end up as a pink wojak in 2 months.
I'm sure you've seen the threads - "my mom gave me $XXX to invest and I lost 2/3rds of it! Halp"
By the way she won't understand why her money goes away. She's greatly underestimating the risks and overestimating potential gain.

>> No.4490562

>>4489891
Long it 20% each in BTC/ETH/XRP/LTC/XMR .... Barring total market collapse she should be fine.

>> No.4490567

100x it on bitMEX

>> No.4490593
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4490593

>>4489962

>> No.4490598

Put 10k in ETH, 5k in BTC.

>> No.4490615

OP you had better explain very clearly to your mother about the volatility of crypto first. That's a lot of cash that she may not be able to afford to lose.

>> No.4490660

Bra, don't do it. Are you insane? You clearly have no clue. Put it in a Vanguard or give it back to her.

>> No.4490710

>>4490660
Not a bad idea desu.
>hand her back +6.5% in 6mo
>"WOW anon you made me a thousand dollars?!!?"

>> No.4490736

>>4490598

This guy gets it. Have to agree OP. Stay safe

>> No.4490747

>>4490598
This is the correct answer.

>> No.4490814

50% XMR
30% BTC
20% ETH

>> No.4490913

>>4489891
>Crypto
>Invest

>> No.4491004

>>4490047

I know you are but what am I?

I'm rubber, you're glue. Whatever you say bounces off me and sticks to you.

How you gonna recover from that, huh, anon?

>> No.4491015
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4491015

>>4489891
Is that even a question at this point?

>> No.4491033

>>4490814

These coins + LTC

>> No.4491053

>>4489891
pics pls

>> No.4491062

>>4490710
Hand her back $1500.

>Mommy, I'm sorry, I don't know how it happened, it was over so fast

>> No.4491088
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4491088

Confido

>> No.4491092

>>4491062
>Mommy, I'm sorry, I don't know how it happened, it was over so fast

fucking lmao

>> No.4491113

KEEP IT IN FIAT

THEN BUY DIPS OF BTC BTCH ETH LTC

>> No.4491125

>>4489891

just leave it in bitcoin duh

>> No.4491145

>>4491113
This is the real answer. I've got bets on EOS too, wait until under $1.60 though, and don't spent the whole 15k at once. Buy dips.

>> No.4491154
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4491154

>>4489891
>>Student at uni
>>Barely make any money
>>Have $5k though due to cryto
>>Mother asks me where the fuck did l get that money from
>>Tell her about crypto
>>Gives me $15k and tells me to invest it.

GUYS
--------

STOP AND READ THIS:

"Benjamin Graham on Value Investing"

pg. 45

Why structure your incentives this way? Because it is your work they are taking advantage of.

You did the work of selling the product. Your reputation is on the line. She should either take the risk of holding BTC herself or give you your fair share of the profits.

Also, understand the liability for undertaking financial advice for others. You could in fact lose 100% of their money, through some means. You are probably doing something illegal, depending on your jurisdiction.

That is why I honestly would not consider managing someone else's money without a structured incentive like the one in pic. It just isn't worth it. I am managing $1k for a friend for a flat 5%. It is not worth it even if it just sits there. If it goes down its literally nothing for the work I did.

Honestly why not just sit down, hold her hand through registration at coinbase?

>> No.4491198

>>4491033
>>4490814
These are objectively the only coins that are worthy investments... the others you’d be better off buying lottery scratchers...

>> No.4491229

>>4489891
>>Gives me $15k and tells me to invest it.
I would hold off, until after the crash. This might happen in the next couple of weeks.

>> No.4491306

>>4491229

Dollar cost average