Well, it would be best to diversify your portfolio for at least 5 or more altcoins.
Good suggestion. BTC and ETH are already locked. I would invite suggestions for the other three.
Topic: Looking for Advice on Making an Investment - page 2. (Read 677 times)
Good suggestion. BTC and ETH are already locked. I would invite suggestions for the other three.
Well, it would be best to diversify your portfolio for at least 5 or more altcoins.
^^ See my post above. I didn't convince him to invest. Thanks for advising on preference for BTC.
Hello everyone!
For last few months I was trying to convince one of my friends to invest in crypto. Yesterday I was finally able to convince him. He is able to arrange 2000 USD in the last week of October and he is seeking an advice on where to put that money. I am tempted to advise him to put 50% in BTC and 50% in ETH. However I would like a second opinion on same. Any recommendations?
First thing is never try to convince anybody to invest.Only advice them because crypto is very volatile and if your friend lose his capital he will blame you.Inform him of all the risks involved and then let him decide.I would prefer BTC over ETH.I see it more successful in future then ETH. For last few months I was trying to convince one of my friends to invest in crypto. Yesterday I was finally able to convince him. He is able to arrange 2000 USD in the last week of October and he is seeking an advice on where to put that money. I am tempted to advise him to put 50% in BTC and 50% in ETH. However I would like a second opinion on same. Any recommendations?
My main recommendation is never involve your friends when it comes to finances. Why were you trying to convince him? How much does he understand?
If it goes down it's your fault. If it goes up it's your fault for not making him buy more. If he gets hacked then it's your fault for involving him.
Let him do more of his own reading and make his own decision. I'd be discouraging people from getting involved myself and certainly not leading them to it.
If it goes down it's your fault. If it goes up it's your fault for not making him buy more. If he gets hacked then it's your fault for involving him.
Let him do more of his own reading and make his own decision. I'd be discouraging people from getting involved myself and certainly not leading them to it.
I understand. I have done exactly what you suggested. I convinced him to learn more about crypto and he made his own decision to invest. We're also in mutual understanding that he must only invest what he is ready to lose. So when he puts 2000 USD into it, he is very well prepared to lose it all (if that ever happens, lol). I am nowhere to be blamed. I am just walking him through the process.
My main recommendation is never involve your friends when it comes to finances. Why were you trying to convince him? How much does he understand?
If it goes down it's your fault. If it goes up it's your fault for not making him buy more. If he gets hacked then it's your fault for involving him.
Let him do more of his own reading and make his own decision. I'd be discouraging people from getting involved myself and certainly not leading them to it.
If it goes down it's your fault. If it goes up it's your fault for not making him buy more. If he gets hacked then it's your fault for involving him.
Let him do more of his own reading and make his own decision. I'd be discouraging people from getting involved myself and certainly not leading them to it.
Hello everyone!
One of my friends has just entered the crypto world and wants to invest. He is able to arrange 2000 USD in the last week of October and he is seeking an advice on where to put that money. I am tempted to advise him to put 50% in BTC and 50% in ETH. However I would like a second opinion on same. Any recommendations?
(Just so that everyone knows, my/your role here is to only show him potential good coins. The final decision to do his own R&D and making final choices is his own liability and me/you nowhere to be blamed. Think of it as an introduction for a newbie.)
PS: Edited for clarity.
One of my friends has just entered the crypto world and wants to invest. He is able to arrange 2000 USD in the last week of October and he is seeking an advice on where to put that money. I am tempted to advise him to put 50% in BTC and 50% in ETH. However I would like a second opinion on same. Any recommendations?
(Just so that everyone knows, my/your role here is to only show him potential good coins. The final decision to do his own R&D and making final choices is his own liability and me/you nowhere to be blamed. Think of it as an introduction for a newbie.)
PS: Edited for clarity.
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