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Replying to Avatar Ben Justman🍷

Setting the scene for an important question many of us have:

A Family Member/Best Friend/Significant Other is going to follow your investment advice. because they have a chunk of uninvested $$ that need to get put to use.

They already have some bitcoin, but could buy a decent chunk more.

They don't understand bitcoin, but TRUST YOU. That trust is something you CANNOT RISK as it is worth much more than money.

Their biggest fear is downside volatility. They would feel worse "losing a bunch of money" if bitcoin went down and they bought too much than if Bitcoin went up and they didn't buy enough.

What do you do with this cash?

1) DCA into Bitcoin (over what time period?)

2) Lump Sum RIGHT NOW (what %?)

3) Hold Cash until next Bear Market

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NodeRunner2049 4mo ago

Step 1 is to get off 0! Lump sum maybe 25% initially and then start to DCA over the next two years. Save 25% for a lump sum during the bear market. Four years from now they'll be feeling great about themselves.

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Ben Justman🍷 4mo ago

This is the best advice

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