Quote from: Pmalek on Today at 08:01:09 AM

Quote from: Imran232 on September 18, 2021, 07:49:57 PM

Otherwise, i only suggest buying a whole bitcoin.

Why? I don't understand the fixation that people have with whole numbers. I have a friend who is slowly showing some interest in Bitcoin, but he is so concerned about owning a whole Bitcoin and is not considering smaller amounts. One day he said he doesn't think he will ever have enough to purchase 1 BTC. I keep telling him how ridiculous that is, because he can purchase much smaller amounts. I tried to make a comparison with fiat and explained it to him like this:

When you get your monthly salary, you aren't getting round numbers. You aren't being paid $10.000 a month. Maybe you earn $1374/month. You didn't turn your job down because the pay isn't a nice round number. Why don't you apply the same logic to Bitcoin?

@Imran232
Can I ask what level of experience and knowledge you have about crypto and what research have you done to feel comfortable in recommending those coins to your family? Where are they storing their digital assets? What did you tell them about protecting private keys and seeds? Crypto isn't like the stock market? If Bitcoin dumps, so will the rest of your uncle's portfolio. If Bitcoin rises, so will the majority of alts.

Quote from: verita1 on September 18, 2021, 10:01:06 PM

Very good portfolio. It is recommended by almost the majority to invest in the top 10 of the crypto market.

Recommended by whom? How profitable will that investment be long-term? Check the top 10 coins from 10 years ago, do you recognize any? Check the top 10 from 5 years ago, how many of those are still in the Top 10 today?

Exactly, I get the point here, that the level of reputation alone is not a reference but a growth from day to day. Regarding the reference to the 10 rankings, it is only an assumption and not from what is happening in the field. The point is that progress in investing does not have to drop all of one's finances in one purchase. It could be once a month, because the price cycle you get will vary and have several different profit values. Isn't that what you mean? In addition to learning, it is also an adaptation to recognize every investment advantage last month with the next month's clearly visible comparison.