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

Experienced member
1,228 478
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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Marcellus8610

Junior member
17 2
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.
 
G

Guest36985

0 0
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.
 

Kit055

Junior member
10 1
I think a young man has the right to decide what to do with his money. Buying an apartment is a good investment, especially if he'll move out from his parents and live independently. I think you can just advise him to better service the existing computers, and he can cash out part of the profit using a cryptocurrency card https://revisionesdetarjetascripto.com/. But I wouldn't spend all the money in his place, and I left some of it in circulation so that they could continue to make a profit. And if he still wants to cash out all the money, let him think about other types of investments.
 
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maby8

Junior member
49 8
I would definitely cash out some of it and invest in property for instance. Diversification is important, and so he should look for other forms of investments especially since he is so young.
 

counter_violent

Legendary member
11,268 3,005
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 the knackered computer for sale?

I could give him a tenner for it +p+p.
 

Henow1969

Well-known member
284 34
I think he can hold Bitcoin for better living standards in the future because the price of bitcoin can rise again but if still, he has doubt in his mind then he withdraws and can invest in other businesses and real estate would be a great choice.
 

progix

Well-known member
295 7
Trading can be a good option however learning how to trade is important otherwise, that said sum of money will be lost within no time.
 
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