/biz/ - Business & Finance

>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....

>buy TRX
>make nice little profit
>starts plummeting
>sell for a 3% profit because i dont want to lose money
>TRX dumps to the point where I'dve been breaking even
>"meh, decent call"
>wake up
>TRX +30%
fuckingkillmefam

>>8676571
well now we know the word "f a m" is actually senpai

>>8161093