I gave .01 #Bitcoin to my cousin last year at his wedding
He sold it for $279 several months later
Now he’s asking me if he should buy .1 with the other cash he received from the wedding
There...
Plenty of lessons, for sure. Over Christmas, I walked my brother through setting up a HW wallet I got for him him, and then transferred .03 I'd set aside for him after he set it up.
I did not show him how to sell bitcoin (no doubt he could figure it out), but I'll eventually direct him somewhere like Strike once he's ready to DCA.
I also explained the reasoning behind why he should just hold onto it for at least 4-5 years, if not longer/forever. No guarantees, but I'm hopeful he'll HODL.
I did not show him how to sell bitcoin (no doubt he could figure it out), but I'll eventually direct him somewhere like Strike once he's ready to DCA.
I also explained the reasoning behind why he should just hold onto it for at least 4-5 years, if not longer/forever. No guarantees, but I'm hopeful he'll HODL.
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