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/biz/ - Business & Finance


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5094060 No.5094060 [Reply] [Original]

Dad got into the crypto game 3 days ago, asking me to put 2,000$ of his money in something "I trust is good". I bought a few of the top 5 coins for him, and diversified a smaller amount (500$ into meme coins with potential).

Now, my aunt calls me, she asks to put the same amount of money in.
All the normies are getting in, and cryptos on Coinbase etc. will skyrocket.

Anyways, I feel a certain amount of pressure. Where do I put my aunts money, to not have the entire family disown me? I told her to consider them 'lost', but I'm afraid humans aren't that rational.

>> No.5094090

BTC lol if you dont wanna lose it

>> No.5094145

REQ and don't answer the phone for two years

>> No.5094160

>>5094090
>BTC lol if you dont wanna lose it
Slow gains
GO ALL IN REQ NOW

>> No.5094184

>>5094060
just ask her how risky she wants to go, steady or suicidal

>> No.5094219

Buy her an ODN masternode and tell her it'll give her alimonybux for years to come. She'll also be able to use the messenger app to solicit money from beta cucks.

>> No.5094257

>>5094060
same position.

I either recommend $20 recurring deposits, to correlate with paychecks, into really any coin on coinbase. Tell them to leave it for a year like that, and don't look at it. Just consider it lost money, and I'll let them know if anything significant happens.

I love my family, but I stress enough about my portfolio, and I don't even have the initial capital I put into it anymore. Dump it into a few coins on coinbase and don't fucking touch them. They need to understand they could very well be throwing their money away, and that this could be the "dot com" bubble all over again.

Also, don't buy with your own account, unless you wanna explain to IRS...

>> No.5094315

>>5094060
25% ETH
15% LTC
15% XMR
15% BTC
30% shared b/w XRP, REQ, XLM, TRX and any other memecoins

ETH held its value during the last BTC flash crash. It's a pretty safe bet for a normie. Personally I have the most faith in XMR, but it's pretty volatile.

I would give them a lot of alts, even if it's $10-20 in each. They'll love seeing them moon on a random day... even if it's a small profit comparatively.

>> No.5094374
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5094374

>>5094145
>REQ and don't answer the phone for two years
Legitimately had me in tears, thanks anon.

>> No.5095227
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5095227

>>5094145
unironically this

>> No.5095291

never, and i mean never, give any financial advices or services to you relatives and close friends
if you make them money you will get nothing in return, if you loose it they will fuck up your life

>> No.5095468
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5095468

>>5095291
I think we have different family relations, anon.

>> No.5095945

>>5095291
>if you make them money you will get nothing in return
The idea of people around me enjoying their lives more / hating their lives less is pretty good in my book.
>if you loose it they will fuck up your life
Just put a disclaimer similar to
>and remember, everything you invest you can also lose. your money, your risk. every advice is just that, and advice, not a recipe to guaranteed success
If you're giving advice to people you know that are reasonable this whole thing is not really an issue.