I was a bit excited when one of my oldest clients asked me how can they buy some bitcoin. Then I found out they wanted to buy $100k worth of it to get a "free" Porsche. They are targeting a 3x in like two years. It's fascinating for me to watch the flow of information from top to bottom. Fiat rich bitcoin poor are always getting their info from above because how else are you going to get it right, right?
Discussion
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So the plan was buy a whole coin today and sell as soon as they can get their initial investment back plus a Porsche?
Honestly a better trading plan than I see a lot of crypto trading experts post. π
Of course, that's why I didn't say no. I just emphasized the need to understand how to create a secure address and hodl the keys properly because all methods have certain tradeoffs. I was only a tiny bit alarmed when they've told me they were going to use Revolut. π
Tell the to make a short video on what they did. Sounds like a viral concept βHow I got a free Porscheβ - When bitcoin eventually goes up and they get their car the ad revenue from the video will probably put them well on their way to the next coin!
Thus starts a beautiful career as a crypto influencer.