Quote from: seoincorporation on October 04, 2023, 03:16:01 PM

Quote from: Bravethug on October 04, 2023, 02:14:20 PM

If you were in the position to give financial advice to someone looking for a long term financial investment, what would you advice?...

It reminds me of the first month of the year, when a close friend was investing in a financial tool that offers 8% annually, i talked with him and told him to take out that money and better invest in Bitcoin, he decided to do it and buy them when the price was $16k... as you can see the year isn't over yet and he is close to double the investment. It was a risky move, we all know the volatility can be dangerous. But my friend is happy riding this wave, he feels like it was the best decision ever in his life.

8 percent fix annually? I think that was tiny but maybe it is only stable or safe. Glad that your friend didn't think twice to transfer in BTC despite of its higher risk but at the same time the profit that we can get here can also sky rocket more than what other financial instruments are offering.

You or your friend are also in the right timing because $16k seems to be the floor price that BTC has this bear and as we can see the price only rise and never go below it. Who wouldn't be happy by that? Not only him but I know, you are also happy about your friend and happy about your self thinking that you help someone to make a better decision.