Quote:
Originally Posted by BlackV62K2
Damn 5k on ICX. Good luck to your cousin. Sold off my ICX awhile back and dumped it into more ADA
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I know, that's what I told him, it's a lot to dump into an alt coin you don't know anything about, just because someone you follow is pumping it.
His logic is that BTC, ETH, and ADA already had their breakouts, now it's "Alt Season", so ICX should have its day. He was pretty honest with me, he said he's just looking for a big 10x payout.
Quote:
Originally Posted by Ducdesmo
Agreed. Thats 100% of my portfolio since 2017.
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I got into crypto in 2017 as well. I remember I had over 300,000 ADA tokens at one point. I sold a moved most of it into BTC during the crash. BTC did well for me, but not as good as if I just left it in ADA. But, i'm happy I made it out alive after that crash.
Quote:
Originally Posted by Razor Ramon HG
I would never tell people what to invest in unless you have absolute faith in them to not be a dick about it.
He wants to invest in ICX, let him. If it rockets after and ETH starts consolidating (which is likely given it's up over 30% in the last week) you know he's gonna blame you.
It's not like ICX is a scam project either. It'd be different if he wanted to buy Safemoon or Shiba or whatever is trending on Tik Tok.
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You're totally right. We're all adults and we should live by our decisions because let's be honest, it's not like I actually know what i'm doing either. Just because I think I have an "idea", that doesn't mean I really know what's going on.
My whole thing with investing is to be conservative first, so you should have a strong foundation first. so for Crypto, I feel like that's BTC and ETH, for the stock market its the S&P500 index. After you have a strong foundation, then start to invest in the other coins/industries.
The problem I have with my cousin is that he's always trying to hit the next big thing. But, like you said, it's not my place to tell him what to do, I can only make suggestions.
His other argument is that i'm only conservative because I got the big BTC, ETH, ADA run ups, so he's trying to find the next BTC/ETC/ADA, which I don't think is a good argument, but C'est la vie. I still bought him his ICX and it did go up 30% like you said.