this post was submitted on 23 Dec 2023
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Whoever thinks suggesting crypto to family members is a good idea deserves the hate.
I did when family asked me. I said it's a good way to play with spare cash that you have no qualms about losing. That it's the most volatile place you can put your money, either making a few bucks or losing it all
That's how everyone described crypto, right?
My mate made 15k the other day from investing in a shitcoin. Then he told us about all of the other shitcoins he invested in that went to zero.
Overall he does make a profit, but that's with a lot of knowledge in the sector and a lot of understanding that you're going to lose far more often than you win.