669
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 :)
I did when family asked me. I said it's a good way to play with spare cash that you have no qualms about losing. That it's the most volatile place you can put your money, either making a few bucks or losing it all
That's how everyone described crypto, right?
My mate made 15k the other day from investing in a shitcoin. Then he told us about all of the other shitcoins he invested in that went to zero.
Overall he does make a profit, but that's with a lot of knowledge in the sector and a lot of understanding that you're going to lose far more often than you win.
Nah I don't suggest anyone ever invest in crypto but simply to observe in the apps and be open minded, e.g. if you invest 10 dollars and watch the scene for some time you can see where things are going and have a long view rather than their 1000s in a big gamble. I doubt anyone I know is that dumb anyway
I bought bitcoin at $6.
Now if I could only find that damn hard drive.
you don't sound too bright
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.
Honestly, this kind of goes for everything that's more complicated than average people can understand. (By "average" I mean "anyone not familiar with this particular knowledge." I have in depth IT knowledge but very weak automobile maintenance knowledge, for example. This makes me "average" when it comes to automobile maintenance.)
I don't give out IT advice for the most part, because the number of people who will come hounding you because they misunderstood, did something wrong, or missed several steps, is too damn high. Doesn't matter that they made the choice to take initiative to do it on their own, now it's your fault for suggesting it when their PC blows up in their face.
That's a great generalization! Don't give lay people knowledge they can use to harm themselves, and recognize when you are the lay person.
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. 😂
Family is more important than money.
Wanna buy an extra brother, then? I've been having compatibility problems with one of mine for over 37 years now and am looking to downsize.
Family is more important than money.
A lesson sadly so many will never learn.
I wish my parents had learned it.
Don’t mix finances and family. Family is more important than money.
It seems like OP's family may not feel the same way.
Sigh, too true.
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
I would never, ever suggest anyone get into crypto. It's far too volatile for any type of reasonable investment scheme.
The only reason I even have crypto is so I can donate to the private torrent sites I am on.
Crypto isn't outright evil, but you really should only use it if you have things to use it for, and aren't trying to game the system to get rich quick.
Honestly, anyone playing such "get rich quick" investing games with crypto needs to be honest with themselves that maybe they've got a gambling problem.
Yeah, literally just alternative currency at this point for me too.
That was always the point of it.
"Bitcoin isn't a get rich quick scheme, it's a don't get poor slowly scheme."
— Jameson Lopp
can't get poor slowly if it happens quickly
Honestly, anyone playing such “get rich quick” investing games with crypto needs to be honest with themselves that maybe they’ve got a gambling problem.
Gambling is what it is. Putting your life savings in it is stupid, but if you put a bit in, it's a better gamble than putting it on the horses.
Agreed, which is why I labelled it a "problem." I go gambling very rarely, but sometimes I do when I have a spare $80 that I don't mind pissing away. But once that $80 is gone, I'm done, and I stop. I also stop when I've made at least 200% profit (I've very rarely made it that high). It's a good point to stop if you want to do well the few times you do win.
Gambling isn't the problem as much as the addiction to it and an industry which purposefully makes it more addictive.
It is much better to invest in a company than it is to invest in crypto.
Because the money gets actually used to improve the company and society, instead of being stuffed into a sock and doing nothing.
Is gambling investing in a company?
There are much better reasons to not love me, mom!
"For example, the grandchildren I've given you are entitled little shits"
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.
fortunefavorsthebold
NyEhhh I don’t think so.
And I’m never wrong about this stuff. Never.
I'm failing to muster up some sympathy here
DWAC stocks will skyrocket any day now. You should invest.
this post was submitted on 23 Dec 2023
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