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09-19-2021, 05:27 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,797
Thanks: 14,192
Thanked 5,062 Times in 1,930 Posts
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Quote:
Originally Posted by Malsua
Tell him to spend 1% of it on Crypto. Stick to the top ten or so, BTC, ETH, ADA, XTZ, LTC, DOT, etc. Most should go into BTC and ETH though.
If it hits and it should, it'll triple pretty quickly. Could go to zero, but chances are not good for that to happen.
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A married couple I know got into cryptocurrency early on and have done very well. They have traded stocks, options and commodities for years and have done well. The thing is they are at it every day like a full time job. My friend has no interest in trading or actively following the stock market. The proceeds from the NJ building sale mostly went into a variety of stocks and index funds but given today's stock market valuations he is loathe to add to those positions.
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