Good for brainstorming but to me it seems "how to lose friend 101" irl.
The friend will always get his money, he doesn't need to know... And you can always stop if you feel uncomfortable.
Yeah... don't play with someone elses money dude. That being said if you've got the money to cover it and give to him if it goes tits up; it's a bit different. But then just do it with your own $$$
The reason that you do it with someone else's money is in order to profit from the float, and your own money remains the emergency fund for any emergency... so you are banking on the possibility that there is not going to be an emergency.
You cannot do the same with your own emergency funds, because if you did, then you would not have emergency funds.
You see the difference right? There is an extra layer when you use the float that is someone else's funds.
I am not saying to do it, but I am saying that there is enough of a distinguishing difference between using someone else's funds and using your own (presumably emergency funds) to make a distinguishable difference.
Another thing that people who invest their money attempt to do, is to attempt to get as much of their money working as they can, so they do not just have capital sitting around that is not working, so there are ways to manage those kind of floats to your advantage, but a frequently problem with a newer investor is that they do not tend to have as much of a float, so they will tend to be more risky.. I am guilty of the same, and surely sometimes it could end up biting them in the ass because not only might they miscalculating the risk that they are taking, they also might be miscalculating that they do not even have enough funds in their emergency stash to cover the level of emergencies that can arise, and we frequently witness that emergencies do not necessarily come in single shots but instead, several at once.
We’ll be back to $8,000 by the end of April!
Fucking quote me bruh!
I was bored and i'm currently reading some older posts from the time when bitcoin crashed to 4k. This comment was spot on! Congratulations! Your prediction came true. You said that bitcoin will be back to 8,000 usd by the end of April! You were so right. Bitcoin reeached 8,000 usd on the 29th of April. How did you know that?
There you go, i quoted you LFC_Bitcoin!
I believe LFC might either be clairvoyant or a sorcerer.
I bought 4BTC under $5,000 during that time, the opposite of going full mindrust.
You bought nearly half of mindrust's stash.
You BIG MEANIE!!!!!
You should sell those 4 BTC back to mindrust at the price that you bought them... to make him
feel MOAR better. Yeah, he will still complain, but so what you would be doing a good thing bringing him back to making up almost half of his lame-ass mistake
like a WO sponsored bailout
(really sponsored by LFC, but why get technical about giving credit).