Advice for a Young Man with Bitcoin

CalTrade

Junior member
25 3
I have a relative who is 27 years old and lives at home with his parents.

He bought Bitcoin when it was not very prominent and thus got in very early. Sadly, one of his computers had an aissue and he lost half of his bitcoin. I can't explain it. It's a technical thing that i don't understand.

But, he tells me that he has about $450,000.00 worth of Bitcoin still on another computer.

This young man has no other assets of significance, lives at home with his parents and seems a little lost in life. What do you think would be good advice pertaining to his bitcoin? Part of me says he should liquidate some , if not , all of it and use the proceeds to buy some real property ( a home) that is tangible and that will be something more reliable.

Thoughts?
 

MasterOfCoin

Established member
947 371
I have a relative who is 27 years old and lives at home with his parents.

He bought Bitcoin when it was not very prominent and thus got in very early. Sadly, one of his computers had an aissue and he lost half of his bitcoin. I can't explain it. It's a technical thing that i don't understand.

But, he tells me that he has about $450,000.00 worth of Bitcoin still on another computer.

This young man has no other assets of significance, lives at home with his parents and seems a little lost in life. What do you think would be good advice pertaining to his bitcoin? Part of me says he should liquidate some , if not , all of it and use the proceeds to buy some real property ( a home) that is tangible and that will be something more reliable.

Thoughts?
Steal his computer.
Kidnap parents and demand ransom in bitcoin.
Persuade him to keep his bitcoin safer in your new cryptocurrency growth portfolio.


Or...

With that kind stake already, he could trade it and never have to work or worry again.
Cash out 50 Grand. Then;
Sell half when BTC tops 60 thou. Buy back when it drops back a few grand.
Repeat and cash out 50 Grand profit chunks.
Soon have own house with pool n porsche.

🏖️


And backup the damn wallet keys BEFORE the remaining computer has a meltdown.

:)
 
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MarcellusLux

Newbie
5 0
imo investing in bitcoin is only a long-term investment. I don't wanna say that you cannot speculate in bitcoin, but at the moment, I would wait until even more large players enter the crypto market and create price increases. In any case, your relative needs to write an investment plan and a money management plan and need to know exactly how much of the capital should be spent on real estate, for example, or self-education, etc.
 

postman

Legendary member
28,361 4,110
I have a relative who is 27 years old and lives at home with his parents.

He bought Bitcoin when it was not very prominent and thus got in very early. Sadly, one of his computers had an aissue and he lost half of his bitcoin. I can't explain it. It's a technical thing that i don't understand.

But, he tells me that he has about $450,000.00 worth of Bitcoin still on another computer.

This young man has no other assets of significance, lives at home with his parents and seems a little lost in life. What do you think would be good advice pertaining to his bitcoin? Part of me says he should liquidate some , if not , all of it and use the proceeds to buy some real property ( a home) that is tangible and that will be something more reliable.

Thoughts?
Is he straight or gay? Asking for a friend. 😳
 

CalTrade

Junior member
25 3
Thank-you for all of your advice and the levity. Much appreciated.
 

CharlieSheen99

Newbie
6 0
At first i read 450M hahaha, and i thought....c'mon, take the f***ing money NOW.

Ok, what i do is this: Sell 50% of his assets to FIAT.
After that, sell in a DCA manner. Or sell a 10% every 10 thousands dollars.
 
 
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