/biz/ - Business & Finance

[Anonymous No.21687279]

>get brother into crypto
>gives me money, I invest for him
>turn his $400 into $2500 in about 1-2 months from making some flips
>he’s estatic
>tells our dad about his gains
>meanwhile I have 150k in my portfolio but tell no one about the actual amount
>dad texts me this

This was on Sunday but I finally just met up with him today. He was just kidding about the 1 million obviously but he did just legitimately give me $1000 to invest, which desu is chump change for him as he’s a boomer financial advisor but still it feels kinda good to have his confidence yet puts me under pressure at the same time. I don’t even know what to get him right now because so much stuff has pumped lately though. I know some LINK should be a given but it feels pathetic to drop $500 and only get like 30 LINK when it was $4 a couple months ago (which I tried to get him into it back then as well... sigh). Idk. What would you guys buy for $1000? I’m thinking 1 ETH, some chainlink then the last $100-200 throw in a lower cap alt

[Anonymous No.21687318]

>>21687279
Put it in ocean and educate him. Let it sit for a few months

[Anonymous No.21687345]

Go AGLO, OXT, maybe a little bit of link since it's low rn then if u like non coinbase shit go with PNK or FLOW

[Anonymous No.21687351]

>>21687279
CHZ, hasn’t pumped yet. Get in before it moons

[Anonymous No.21687366]

you want approval from your father and all he's giving you is $1000?

[Anonymous No.21687384]

Buy boomer stocks then laugh when your shitcoins moon while his stocks flounder. That'll teach those filthy boomers!

[Anonymous No.21687404]

why would you not buy xrp.

serious question.

[Anonymous No.21687423]

M

[Anonymous No.21687451]

>>21687279
Maybe swap for the dark horse?
you're right, everything seems high but its consolidating

[Anonymous No.21687470]

FUDcoin is 2 days old and bout to rocket

[Anonymous No.21687483]

>>21687404
because it's a piece of shit
serious answer

[Anonymous No.21687486]

>>21687279
Unironically XRP. You'll thank me later when you actually do turn that 1k into 1mm

[Anonymous No.21687488]

>>21687279
ETH/LINK split is good.
And buy NEO, it will moon in a few months when the Pajeets here catch up. Look up what they are doing behind the scenes. BSN, Interwork Alliance, Huawei

[Anonymous No.21687502]

>>21687279
Buidl is in a nice dip right now. If you can wait til October you’ll at least double the money

[Anonymous No.21687533]

>>21687279
IMHO I wouldn't get involved with family. Make them do their own research and their own investing. Keep your funds separate.

[Anonymous No.21687558]

buy him a "worlds best dad" mug and give him a hug. If he asks what happened to the money
>what money?

[Anonymous No.21687569]

>>21687470
boomers thrive on FUD. Dad will thank anon later

[Anonymous No.21687617]

Don't you all hate it when normies don't understand shit and are scared of crypto? then when you tell them how much money you make they also play it down as if you only got lucky?

Don't know the hours of reading whitepapers, watching youtube clips and browsing biz to find just the right coin to invest in?

Also I got comments like... yeah yeah, enjoy your gains in assets with no liquidity. This from a guy who has an MBA.

Fuck normies, really

[Anonymous No.21687674]

>>21687533
This.

[Anonymous No.21687688]

>>21687404
>>21687486
XRP bagholders so fucking desperate. Everyone knows your coin is done. It never got used how it was promised and you get dumped on constantly. Anyway OP this is about as good of an entrypoint in LINK as you're going to get. But the gains from here are either going to be massive or sub-par, no in-between. Look at ALEPH.

[Anonymous No.21687714]

Your fault for getting your family involved. What a cringe dad giving you a smiley

[SAGE No.21687762]

>>21687279
You'll pay from your pocket for every loss.
It is known.

[Anonymous No.21687793]

>>21687279
what kind of wallet/monitor/app do you guys use for diversified crypto?

[Anonymous No.21687853]

trac, easiest gains in crypto

[Anonymous No.21687952]

>>21687279
you probably shouldn't listen to me, as i'm pretty stupid and only occasionally get lucky. but think about buying flow protocol

[Anonymous No.21688035]

august is the month for link (smart contract summit aug 28-29), BZRX (launch before aug 31st), BREE (mainnet launch scheduled for aug 24-26).

[Anonymous No.21688074]

75link/25tezos

[Anonymous No.21688084]

>>21687279
70/30 LINK/STA

Come back in 6 months and you are welcome.

[Anonymous No.21688133]

>>21687279
Statera

[Anonymous No.21688146]

>>21687404
Because they're idiots and don't see the breakout happening.

[Anonymous No.21688192]

>>21687279
pnk/rsr wait a year and you'll look like a genius

[Anonymous No.21688194]

VET

[Anonymous No.21688374]

BTC/ETH

[Anonymous No.21688408]

>>21687793
blockfolio

[Anonymous No.21688433]

>>21687279
Exactly the same with my parent's situation. Got 500k in my port I made from 30k, now my parents want me to invest for them 1k each.
Thinking about putting it all in UOS, it's the only shitcoin with mooning potential I've under my radar at the moment

[Anonymous No.21688490]

>>21687279
one day tron cyrptocyurrency will be $500

[Anonymous No.21688491]

Ocean protocol or Ren

[Anonymous No.21688500]

>>21687279
>drop $1000 into lend (or synthetix)
>>use collateral to buy more lend
>rinse and repeat till you have max'd out
>clear off loan once it's pumped at bit
>rinse and repeat until you have 5M lend
>become multi millionaire in bullrun

[Anonymous No.21688583]

>>21687279
Fuck your larp.
No way you manage 150k funds and tripping over a 2gs

[Anonymous No.21688856]

>>21687279
FLOW, it's been pumping and you get 1% everyday

[Anonymous No.21688993]

>>21687279
TAKE DADDYS MONIES AND BUY SOME GEAR WHEN IT DIPS

[Anonymous No.21689474]

>>21688583
It’s not the amount but more of a test with my dad to prove that I’m good at what I do. Either way I’m not sweating it too much

[Anonymous No.21689560]

There is absolutely no point in investing people's lunch money. Require $50,000 and sign a waiver to relieve you of any downside scenario + take a 35% upside on any profits

[Anonymous No.21689681]

>>21687279
>when it was $4 a couple months ago

This is wild. I remember link being at 80c trying to convince a friend to invest, having bought my own LINK stack at .27c. I remember having reservations about telling him to invest at that particular time because LINK seemed way overpriced. Then when I got another friend a few months ago, I felt really guilty because he dropped tens of thousands into link between 3 and 4 dollars. I was convinced we'd just retrace back to 1.50 and that I had recommended him to buy LINK at a price level that was insane in my mind, given my entry price.

Now here we are, where fudders tell us we're going back down to 10. And I'm like, okay, I'll still have 150 grand at that point, let's go. But seriously, lets go, we need to wash out the weak hands and set ourselves up for a consolidation before the next big rally

[Anonymous No.21689694]

Newfag here. Are there such thing as crypto brokerages where dumb boomers like me can invest in this shit with the help of an advisor?

[Anonymous No.21689748]

Buy PNK.

I love u long time

[Anonymous No.21689756]

>>21687279
1: Just give him advice, don't invest his money for him. It's not worth the headache. You get too scared of losing his money which clouds your judgment. I've been there.
2: If you insist on investing other people's money make sure you understand the tax implications. If you turn his $1000 into $100k you can't just hand him the $100k. You'll have to pay tax on the gains AND gift tax.

[Anonymous No.21689817]

>>21687617
You're no better than them, nigger. Get out

[Anonymous No.21689838]

>>21689756
i dont know if you have ever had a father figure in your life. but it was most decidedly a gift from the start and not meant to be returned

[Anonymous No.21689850]

>>21687279
Put in some profitable balancer pool with solid tokens inside

[Anonymous No.21689935]

>>21689850
Like this one:
0xf11da347012b9752931202a40ed1328982551f5c

[Anonymous No.21689939]

>>21687279
Chz

[Anonymous No.21689976]

>>21687279
A friend of mine with some dough wants me to put together a portfolio. Probably Ill go
25%btc
25% eth
50% xsn

[Anonymous No.21690030]

>>21689939
this

[Anonymous No.21690184]

>>21689756
I invested $2k for granddad towards the end of 2017. After 2 months I had turned his money into $10k. After that he kept asking me how his money was doing and I hated having to tell him that it had dropped to 6k.. 4k.. 2k.. and finanally bottomed out at 1.5k. I felt really guilty and actually lied to him one time because I didn't want to disappoint him. During the 2018-2019 bear market he kept telling me that we should cut our losses and sell. I felt like a huge disappointment. Now His investment is back up to 5k and he's happy.. but I honestly wish I never had invested any of his money.

[Anonymous No.21690323]

>>21688035
i am hodling over $3k worth of $SBREE

[Anonymous No.21690385]

>>21689838
> but it was most decidedly a gift
OP said
> I don’t even know what to get him right now
> get him
Implying that he's investing money on behalf of his dad. Understanding OP's post has nothing to with having a father figure in your life (I have a great dad, thank you), you just have shitty reading comprehension.

[Anonymous No.21690436]

>>21689838
OP said
> "I don’t even know what to get him right now"
> get him
Clearly implying that he's investing money on behalf of his dad. Understanding OP's post has nothing to with having a father figure in your life (I have a great dad, thank you), you just have shitty reading comprehension.

[Anonymous No.21690639]

>>21687279
Any L2 will get you where you want to go.

After the OMG deal people will begin to realise that all those other layer 1 chains like ADA, EOS, DOT, etc aren't competing with ETH anymore, they are competing with L2s like Loopring, Raiden, OMG, Matic, etc, and the L2s have insane benefits over these other base chains.

I think we will start to see a lot more excitement for the entire ecosystem as L2s are adopted, ETH scales and we are properly away and running with web3.

With this technology all working, we could definitely see 2017+ an order of magnitude. Don't be surprised if we witness 20k ETH EONY.

[Anonymous No.21690743]

>>21688035
>buying news