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/biz/ - Business & Finance

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9102702 No.9102702 [Reply] [Original]

>normie friend from high school messages me on dickbook
>to make things simple he asked me about crypto and blockchain in general
>explain what blockchain is
>he asks me about what kind of gains coins typically see
>tell him that unless he picks absolute dog shit coins they could double, triple or even more inside of a year
>explain that even some of the top 5 do 50 or more % in a week
>he mentions volatility
>I explain, yeah unless you are a guru with stop losses or are sitting in front of the computer at all times, you WILL see your money disappear temporarily until the next pump
>explain that dollar cost averaging on the top 10 would be a breddy gud idea, won't make him millions but will blow his stock portfolio out of the water with ease
>YEAH I DONT HAVE MONEY TO JUST INVEST AND HOLD AND HOPE THATS WHY IM TRYING FOR SWING TRADES ON PENNY STOCKS
>ask him what kind of returns he sees off that in a week
>usually around 5 to 10%

/biz/, I....