Post
Topic
Board Economics
Re: Sharing and helping others
by
SquallLeonhart
on 24/12/2021, 17:44:10 UTC
I have a friend who works in the same profession as me, during a pandemic like this the workplace situation has changed drastically, we can't expect much from our income. and since I already have investments in crypto it's not a big problem for me i still can survive rely on some of my investments for emergency situations. but for my friend not as lucky as me, but I introduced him to crypto investing last year and he began to receive profits from his investment even though it was not much, he is currently enjoying investing in memes coin although it's a little dangerous but I think as long as it makes a profit for me it's fine.
I would not suggest my friends to buy memecoins, they are shitcoins in my mind even if you could make a profit today then you could make a bigger loss tomorrow so it is way too risky. I usually do not explain to my friends who are in financial trouble to go into bitcoin, I usually tell it to my friends who are rich enough to make an investment and still not be really bothered if they have a bit of a loss.

I always suggest them to go with spot trading and long term holding because I am not smart enough to make any other kind of suggestion. Last one was a friend who has a good salary and saved 3k+ dollars which is not a small amount where I live, and I told him to just buy bitcoin and hold it, he did it on recent drop and now we are higher again so he even made a bit of money. It's simply bitcoin, nothing weird, and he still managed to be happy with the profit he made.