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/biz/ - Business & Finance

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25321369 No.25321369 [Reply] [Original]

>Tell friend to go all in BTC @ 6900
>His Boomer dad says bad idea, do $100 a month max
>Able to talk him up to doing 500
Fast Forward
>500 is now worth over 2000
>Same boomer dad now wants to invest
Why do some people hate money?

>> No.25321906

>>25321369
dollar cost average is for fucking idiots

>> No.25321933

>>25321906
This, all in or bust

>> No.25321963

>>25321906
it's the best strategy in a bear market.
in a bull market you just go all in and hang on to something.

>> No.25321966

>>25321369
fear of the unknown is a natural survival mechanism, but it has to be balanced with healthy curiosity especially as you age otherwise you become a hermit retard

>> No.25321995

>>25321933
not necessarily, but buy in proportion to how good it looks

>> No.25322041
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25322041

>>25321906
Or wagies with no other choice

>> No.25322072

>>25321963
>in a bull market you just go all in and hang on to something.
Yes buy high, that's the biz way

>> No.25322100

Not sure. Went all in on Bitcoin because I realized even if I make 75k a month on average there are simply too many wage cuck years between me and retiring. Made more money this year buying digital chuckee cheese tokens than my whole life waging. Not sure where my next buy in point is for bitcoin.

Could we even get a dip to 25K at this point? It feels unlikely, but perhaps possible.

>> No.25322125

>>25322041
This, I don't just have thousands lying around.

>> No.25322431

>>25322041
Yeah but then you're not doing it for DCA reasons so it doesn't count

>> No.25322473

>>25322100
I doubt it, everyone will be too keen to buy in the low 26's