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New Here . My first post on this forum. Crypto?
Posted on 1/13/25 at 11:47 am
Posted on 1/13/25 at 11:47 am
My niece asked me about Crypto. Shes a fullgrown adult not that that matters.
What are you guys advice?
What are you guys advice?
This post was edited on 1/13/25 at 11:48 am
5
Posted on 1/13/25 at 11:53 am to SWINC
pics of niece?
Posted on 1/13/25 at 12:00 pm to SWINC
I'd first ask her why she interested in crypto, then explain it's a very speculative investment.
I would talk to her about proper retirement savings including 401ks, IRAs and sticking to low cost broad index funds as your primary investment tools.
I would talk to her about proper retirement savings including 401ks, IRAs and sticking to low cost broad index funds as your primary investment tools.
Posted on 1/13/25 at 12:17 pm to SWINC
Start looking at the official crypto thread a few threads below this one.
Posted on 1/13/25 at 2:59 pm to UltimaParadox
quote:
'd first ask her why she interested in crypto, then explain it's a very speculative investment.
Whether or not they admit it, I’m Pretty sure the answer is that they heard it was quick way to make money and don’t want to miss out.
And it’s not an investment. It’s a trade
Posted on 1/13/25 at 10:20 pm to UltimaParadox
First of all my Niece if rom a half brother who was several years my senior from my moms first marriage.
And not there are n pics. She's only am few years younger than me.
Anyway.Yes some friends 18 yo friend has mad a Blue Million dollars in Crypto. I used to hear the same from a guy who kept telling me about his stocks He never told me about his losses so finally I called him on it
Anyways I'll follow the Crypto thread.I'll take SOLID investments for myself at my age
And not there are n pics. She's only am few years younger than me.
Anyway.Yes some friends 18 yo friend has mad a Blue Million dollars in Crypto. I used to hear the same from a guy who kept telling me about his stocks He never told me about his losses so finally I called him on it
Anyways I'll follow the Crypto thread.I'll take SOLID investments for myself at my age
Posted on 1/14/25 at 3:00 pm to SlidellCajun
quote:
And it’s not an investment. It’s a trade
No coin Boomer mentality.
SlidellCajun waiting for $10k BTC so he can make his “safe trade”:
quote:
SWINC
BTC is not a trade or quick riches (anymore) If she’s diversified in other investments, open minded, have conviction and willing to diamond hand for the long term, it will pay off. Inexperience short term crypto traders will get rekt or left behind.
BTC has certainly been a great speculative investment for me since 2017. I was dumb enough to hodl through every crash and it paid off. Now I dabble in crap coins for fun.
BTC is going to easily hit 1m within the next 10 yrs with or without her. GL
Posted on 1/14/25 at 3:18 pm to Odinson
quote:
SlidellCajun waiting for $10k BTC so he can make his “safe trade”:
lol
You mad?
Posted on 1/14/25 at 3:19 pm to Odinson
quote:
BTC is going to easily hit 1m within the next 10 yrs with or without her. GL
Guessing you’ve been a buyer during the most recent decline?
How much you got?
Posted on 1/14/25 at 3:53 pm to SlidellCajun
Posted on 1/15/25 at 12:02 am to SWINC
If you are asking these questions start with either a Coinbase account and/or buy one of the ETFs that launched last year. You can get more advanced after you learn these things.
Posted on 1/15/25 at 7:59 am to I Love Bama
Yep
We all know you have millions invested in bitcoin.
We all know you have millions invested in bitcoin.
This post was edited on 1/15/25 at 8:01 am
Posted on 1/16/25 at 10:25 am to SWINC
Utility crypto is a good place to start since there are actual uses for this in a new digital financial system going forward. There are a few good investments still available: XRP, XLM, XDC, HBAR, etc.
Meme coins are straight up gambling and “the house” pulls the rug out most of the time.
BTC is a store of value (like gold). Good growth potential but not explosive.
Best advice is start searching tutorials (not clickbait) on YouTube.
Also, if you do end up holding a decent amount (to you) of crypto, take it out of the exchanges and into a cold wallet.
*not financial advice, do your own research*
Meme coins are straight up gambling and “the house” pulls the rug out most of the time.
BTC is a store of value (like gold). Good growth potential but not explosive.
Best advice is start searching tutorials (not clickbait) on YouTube.
Also, if you do end up holding a decent amount (to you) of crypto, take it out of the exchanges and into a cold wallet.
*not financial advice, do your own research*
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