Guys/Gals it’s posted in the meme community, clearly this did not happen. The joke is funnier in the first person.
Whoever thinks suggesting crypto to family members is a good idea deserves the hate.
Unless they hate their family and want to see them come crashing down in a ball of fire and misery, finally getting what they deserve for decades of pain they themselves created
…why are you looking at me like that
In that case, go for it :)
deleted by creator
deleted by creator
But guys, AES256 is the new standard!
I bought bitcoin at $6.
Now if I could only find that damn hard drive.
deleted by creator
I could shame OP for falling for the crypto hype but I think the more important lesson here is to never ever mix family and finances.
Even if you know for 100% fact that you have a slam dunk investment, it’s not worth it. Money corrupts.
Never loan money, even if you don’t expect it to get paid back. It creates a power imbalance. Envy and resentment for you having money is better than creating any financial ties.
Never go into business with family.
Don’t mix finances and family. Family is more important than money.
Yes, times a thousand. But I would go even further.
Never give investment advice. You might explain what investments you have made and why you made them, but never give advice and never urge or prompt someone to invest. You should also end every conversation with “but that’s not advice and I’m not an expert.” It is too easy for either the investment to not work out, or for them to do it wrong (wrong timing, panic sale, misunderstood the options, etc).
The last thing you want on your conscience is someone investing a life changing amount of money just for it to go down in flames. I might invest $1000 in something that I think might pay off, tell someone they should invest, and next thing you know they drop in $40k and panic sell on a dip in two weeks, when I was planning to hold for five years. You never know.
You should also end every conversation with “but that’s not advice and I’m not an expert.”
“But son, aren’t you a literal investment advisor?”
In that case, never mix business and family. 😂
Disclaimer: not financial advice, also the stuff mentioned here is specific to a certain country and to my mom’s situation.
I’ll share a slightly uplifting story I guess? My mom has asked me for advice after she asked me what I was doing with my money and found out I was doing well with it. It wasn’t unsolicited advice so that probably helps. I don’t have some crazy life hack or some crypto scheme. I just presented her the facts that stock market indexes (NASDAQ specifically) tend to avg around 10% YoY and it’s an ok investment if you don’t need the money for the next 5 to 10 years at least. I also disclosed risks and suggested bonds if it’s too risky or at least open a high interest savings account with an insured bank (FDIC or CDIC).
I helped her set up a bank account with a bank that offered competitive high interest savings account and she agreed to the risk so we dumped the rest of her extra money into index funds. She’s up 20% since she started so she’s happy.
Honestly in my other comment I said never give investing advice, but as far as it goes, recommending investment in indexed funds is probably there exception with the caveat that it is a multi-year investment and there are dips.
Don’t mix finances and family. Family is more important than money.
It seems like OP’s family may not feel the same way.
Something tells me you didn’t read this in a book.
Sigh, too true.
deleted by creator
My last boss told all his employees to invest in crypto, and I believe all of them put a substantial amount into it. He was a country hick who worked machine repair beside me at their shop. Thought he was hot shit because he was a member of a Facebook Q group and thought he was smarter than everyone else because he “knew secrets on a deeper level”. Okay bud.
I left before the end of the year because he stopped scheduling me over a comment I made about another one of his fucking insane conspiracy theories he liked to spout instead of helping with the workload.
Then the crypto crash happened. They went out of business 8 months later. Can’t imagine why!
Eat shit, Wayne. Those gals and that kid working under you deserved better, you cunt.
he was a* part* of a
“This is why we don’t love you.”
“Fix it.”
Ah yes, very convincing language, I’ll get right on that.
YTA - You deserve it
There are much better reasons to not love me, mom!
Buy the dip, mamma paperhands could have averaged down.
Fake texts and a confirmation bias. One hell of a combo for people in the comments.
“Fix it” lol shouldn’t have invested in a crypto
scamcurrency if you couldn’t afford itfortunefavorsthebold
NyEhhh I don’t think so.
And I’m never wrong about this stuff. Never.
Damn and here I am trying to keep my family away from crypto
DWAC stocks will skyrocket any day now. You should invest.
I’m failing to muster up some sympathy here
deleted by creator
deleted by creator
XMR is the only crypto worth shit.
Just remember monero is not an investment platform. Use it for it’s utility and not to make money.
Exactly.
Came here to say this. Of course your downvoted. Bitcoin is the snitch coin. Makes it perfect to force all businessestio use it and it ONLY with any business funds. Anything otherwise is literal embezzlement.
Monero is private and cannot be tracked. Makes it perfect for personal and any and all business MUST handle BTC then. For the rest of us, swap for your business payment on Bisq.
Right. Investment wise, it’s just like any other crypto; just fuckin don’t.
But technology wise it’s by far the best to use as an actual currency.I’m not talking about investing. I’m talking about buying and selling dope on the darknet. The rest of you are feinds.
