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RE: Single Mothers Throwing All Their Money In Bitcoin So I'm Angry

in #investing7 years ago

With the way the economy is people see crypto especially bitcoin as a way to make money. What they don't understand that they somewhat missed the train, well at least for short term gains. IMO bitcoin is for long term gains with a better opportunity than the stock market. I think instead of encouraging her not to invest, encourage her to invest into solid altcoins. Altcoins with the potential to boom and have a better return on her investment. Put 30% percent of her investment in Bitcoin and the rest in alts. The market will recover and contrary to better judgement this is a good entry point.

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they wanna flip their rent money within a month :(

Lol. That's a fact, it's money to be made but not as fast as some people expect.