Queentoshi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 05:49:48 PM |
|
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
It can be a good advice, but it is not good to give financial advice when not asked. Financial advice is not what you give to everyone especially friends because it can ruin your friendship if this advice leads the way of the downfall of the business, and also because you are not professional. Do not give financial suggestions to people unless they ask you for it, and even when asked about it, always be sure to add a warning to them to not follow your advice without trying to do their own research.
|
|
|
|
GbitG
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 07:28:40 PM |
|
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
Hmm, that's good advice regarding the Bitcoin investment from your friend. But I think you should not have involved yourself. Meaning, you should just tell him that Bitcoin is one of the best investment assets that can give you a big return. And at the same time, be alert that it is a volital thing that is dynamic with profit and big loss. I really appreciate your work. OP, you gave good advice about investing in Bitcoin, but one should not advise anyone with the same style because it leads to financial abuse. Your thinking was right, but the style was wrong. Because if your friend loses, he will blame it all on you. Obviously, you had advised him to invest in Bitcoin. So let him know more that if he is really interested in investment, tell him to divide his funds among the whole fund of the company. One part is main capital, the other is emergency funds, and after that, whatever is extra, he should invest in Bitcion and invest in Bitcoin also under the DCA strategy and hodle for the long term, then he will surely organize big margins of profit. DYOR !
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | [ | PLAY NOW | ] |
|
|
|
Hyphen(-)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 07:44:19 PM |
|
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
You are not wrong, you actually bring a good idea that can bring improvement to the company using using the money they are not using in the company’s bank account. But, did you consider how the family is? How many are they in the family or is he the only hair to the family? If answer to all these questions is yes, then you friend can go ahead to invest the money in Bitcoin because it will give the company a backbone in terms of financial independence.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
Fivestar4everMVP
Legendary
Offline
Activity: 2366
Merit: 1078
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 07:51:42 PM |
|
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
This days, with how fiat currencies are losing value rapidly due to high inflation, I will not say that this is a bad advice, atleast, if at all I was in your shoes, or find myself in this same shoe anytime in the future, this is exactly what I will also advice. Bitcoin over the years have proven to be a trusted store or value that won't fail, as long as the investor is only investing money that he or she plans to hold for a very long time, and he or she is also patient, such investment will always pay off, we have alot of persons and companies to reference in this context, and aside Microstrategy, we have the president of El salvador as another notable person who have succeeded in placing El Salvador in the world map by not just his strategic investment in bitcoin, but also the way he strategically adopted bitcoin and made it a legal tender in his country, today, we celebrate El Salvador for their enormous various achievements all by the help of them having a visionary president who saw the future before everyone else in the country and decided to give his people a better life by investing their country's treasure in bitcoin. So, in essence, investing in bitcoin is one investment plan that possibly will never go wrong or soar, if (like I said before) the investor is patient, and it's better to hold bitcoin than hold fiat, since fiat are designed to lose value and purchasing power overtime, while bitcoin; due to its fixed supply, is designed to increase in value, gaining purchasing power over time.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
darkangel11
Legendary
Offline
Activity: 2464
Merit: 1357
Don't let others control your BTC -> self custody
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 07:55:14 PM |
|
IMO if he has money in the bank that does nothing but lay there being slowly reduced in value by inflation, he should invest it and bitcoin is a very good choice. What he should keep in mind is how much emergency funds does his company need in case of another black swan event like in 2020. He should leave some money so that he doesn't go bankrupt if if bitcoin suddenly goes into a correction and his usual income from company contracts or sales decreases. Maybe invest 30% at first? That said, definitely get some bitcoin. I'd invest at least 50% of the money he has and I wouldn't buy Microstrategy stock but the real bitcoin. MSTR can go down if Saylor suddenly dies. Bitcoin will not have such problems.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Crypto Library
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 08:39:39 PM |
|
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
I will not say your advice is wrong but I will say that some words should have been added here. And they are thinking that bitcoin investment will always bring profit to all companies but it is not correct because bitcoin investment has high volatility and that can push up a company just like it can also worsen their economic condition. Now I think if a company wants to make bitcoin investment then they should first know how much their own affordability is, they should understand if they can survive the bear season by making bitcoin investment. And I think they can invest that much on bitcoin as the afford. So that later in the bear season they can run properly in their company. The company called micro strategy has made a huge amount of bitcoins and we have to remember that micro strategy has made such a big investment because it affords that amount of funds. So because Microstrategy has made such a big investment, there is no point in saying that we all have to do it, we must understand our afford and then make the investment.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Salahmu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 08:49:05 PM |
|
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
In as much as Bitcoin investment is one of the best investment but in a case like this it wouldn't be a good idea for the guy to invest all his company money into Bitcoin because one of the things we most consider is that Bitcoin is not a get rich quick investment because it takes a lot of time and years before you could start seeing profits, so the question now will be that how would the company survive if there has not been any profit on there expected months that would likely keep the day to day activities of the company running?. Because the reason why I'm saying this is because some persons has ran into trouble through similar situation. However it could be more advisable if the guy could invest his own money instead of the company's funds because with that way there would not be any problem and he can actually hold for as long as he desire.
|
|
|
|
acroman08
Legendary
Online
Activity: 2436
Merit: 1104
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 08:51:32 PM |
|
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
Kind of, I mean, you should have let him figure it out what he wants to do. while I get what you are trying to do, I still think what you did inappropriate. People need to figure out what they want to do with their money. It can become a disaster if your friend took you up on your advice without properly preparing for what he is about to do.
|
|
|
|
Kryss191
Newbie
Offline
Activity: 13
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:04:03 PM |
|
is his money now,let him do what he wants to do but in my opinion you are right
|
|
|
|
The Cryptovator
Legendary
Offline
Activity: 2338
Merit: 2203
Signature Space For Rent
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:10:42 PM |
|
You aren't his legal financial advisor. So you shouldn't give advice this way. But you may explain to him about Bitcoin and how it works. He has to know what Bitcoin actually is and how it could be beneficial for him. So once he understands everything, he might make the decision himself. You can't compare other companies with MicroStrategy. They have a different strategy to accumulate bitcoin. They have a legal team to take decisions, and they are investing a part of the profits. So even during the dump, they don't need to be afraid or panic. So I will advise him to learn about crypto and make his own decisions.
|
|
|
|
bluebit25
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:25:40 PM |
|
Perhaps you are wrong. MicroStrategy is already a successful company with significant assets, and Bitcoin is not its only investment. A large asset must be approached with caution to help protect the business from unnecessary risks. It is natural that he would question the use of such highly leveraged instruments. Risking a portion of your company's savings or income may be one thing, but borrowing money for the purpose of transferring equity to buy bitcoin has negative consequences. If we talk about leveraged trading, then in this case it is dangerous and risky and it can be the cause of the bankruptcy of the enterprise and the loss of a significant part of the capital. There are safer ways to get exposure to Bitcoin if his heart is set on it.
|
|
|
|
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
|
|
|
mirakal
Legendary
Offline
Activity: 3234
Merit: 1291
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:33:29 PM |
|
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
It can be a good advice, but it is not good to give financial advice when not asked. Financial advice is not what you give to everyone especially friends because it can ruin your friendship if this advice leads the way of the downfall of the business, and also because you are not professional. Do not give financial suggestions to people unless they ask you for it, and even when asked about it, always be sure to add a warning to them to not follow your advice without trying to do their own research. Yes, it can be certainly good but a risky one. There are still no guarantees that if you invest in bitcoin, you will end up with significant profits, that only happens for those who have been hodling their bitcoins for too long, probably 5-10 years without having an attempt to sell them earlier. Now, I don’t think that long term hodling will be applicable to the company funds because I believe, those funds will serve as a back up for the company in case some budget shortage will occur, and if you invest it into bitcoin, you are already defeating the purpose of that money stored in a bank. He can actually invest using his own funds, at least if he lose partial of his funds, that won’t be an issue since it won’t compromise the company funds.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
electronicash
Legendary
Offline
Activity: 3178
Merit: 1054
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:39:51 PM |
|
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
It can be a good advice, but it is not good to give financial advice when not asked. Financial advice is not what you give to everyone especially friends because it can ruin your friendship if this advice leads the way of the downfall of the business, and also because you are not professional. Do not give financial suggestions to people unless they ask you for it, and even when asked about it, always be sure to add a warning to them to not follow your advice without trying to do their own research. Yes, it can be certainly good but a risky one. There are still no guarantees that if you invest in bitcoin, you will end up with significant profits, that only happens for those who have been hodling their bitcoins for too long, probably 5-10 years without having an attempt to sell them earlier. Now, I don’t think that long term hodling will be applicable to the company funds because I believe, those funds will serve as a back up for the company in case some budget shortage will occur, and if you invest it into bitcoin, you are already defeating the purpose of that money stored in a bank. He can actually invest using his own funds, at least if he lose partial of his funds, that won’t be an issue since it won’t compromise the company funds. he just has to make sure OP is also there when the market trends are about to change. it is good advice at least when the market is bullish but even MS did what it did because there is the need to make a profit. i am afraid to give a piece of advice as such to someone because i don't want to be blamed. it's why all those that i tried convincing to have BTC are just my siblings because these guys will just laugh at why they ever listen to me if ever i fail them.
|
|
|
|
|MINER|
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:44:40 PM |
|
Suggestion to investment in Bitcoin will be always good but the basic things should be followed and the things are afford zone of the investor. Your friend has the company and the company was his father first of all he should be taking care of his company rather than going to any other investment. And after that if he have enough money for investing then he should know the analysis the basic of Bitcoin then he can invest. I would like to say to you that say your friend first of all figure out the Bitcoin investment then invest.
|
|
|
|
Churchillvv
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:51:05 PM |
|
Sincerely, I don't think it's a good idea for your friend but it's absolutely a good idea if only your friend is into bitcoin already, bitcoin is highly volatile and it should be considered a long term investment plan not an investment that will tempered at any given moment. From my perspective, the funds which your friend told you about is a stagnant in his father's company either because it's intended to serve as reserve funds for the company incase of any unforeseen circumstances.
If invested into bitcoin and the need arises and it can not be accessed at the very important moment then you advise will turn into a bad idea because your friend will put a the blame on for such idea but if he had thought of it by himself then it wouldn't have been a problem.
I will suggest your ask your friend if he wants to go into bitcoin investment it should be with a capital he can not afford to lose just as the obvious one here but if he has his own personal funds that is in fiat that maybe his not ready to use in a long term then it can be put into bitcoin and perhaps within the 4 years circle of bitcoin he must would be in profit.
|
|
|
|
Issa56
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:51:32 PM |
|
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
Did your friend even knows about bitcoin? If he doesn’t know about bitcoin, you shouldn’t just ask him to invest in bitcoin without having proper knowledge about bitcoin, don’t you think he might end up losing the bitcoin and they business is going to crash, and you are going to be blamed for that because you encouraged him to invest in bitcoin. You shouldn’t use Microsoft as example, you just said it’s a small business which am sure will be handled by just few people, if anything happens to the money in the bank, they might not be able to run the business again, but if Microsoft lose their bitcoin, their business will keep on running. Since they are just handling over the business to your friend, then the should just leave the money in the bank first, to understand how things works, maybe when your friend has settled down, then he can start investing some of his profits in bitcoin, but don’t invest all companies money in bitcoin.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
bitzizzix
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2024, 09:56:30 PM |
|
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
If he were in your position maybe you would, and my question is. Does he have knowledge about Bitcoin and also understand or know the risks that will occur if it does not go according to expectations. Although I think you are not wrong because you do know Bitcoin well as a whole. However, it is better if he is given sufficient understanding and knowledge in detail and includes the existing risks, and after that the decision is in your friend's hands after he has this knowledge and has also carried out thorough research. And this avoids that your friends will blame you if what happens doesn't go as expected, and even though Bitcoin is promising, anything can happen due to several factors that you never knew before.
|
|
|
|
Volimack
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 462
Merit: 13
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 06, 2024, 05:20:16 AM |
|
Advising to invest in bitcoin is the right decision but your friend needs to know more about bitcoin before investing based on your words. Because the future of his company is involved with bitcoin investment, he must know the basic things of bitcoin by doing market research. Bitcoins are not static so if you see the price drop after investing you may be blamed. That's why your friend should know all the information about bitcoin market and then invest.
|
|
|
|
SOKO-DEKE
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 06, 2024, 07:16:45 AM |
|
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
Given advise to people to invest in Bitcoin I don't think it is a good idea, the best thing I expected people should be doing whenever they want to attract people intention towards Bitcoin is just to teach them about Bitcoin,by not hidden anything for them tell them benefits and how risk Bitcoin involve, and I believe that if someone really pass good knowledge people that understand and interested in Bitcoin will definitely get confused and invest in Bitcoin, advising people to invest in Bitcoin it may bring future problem with the people you advised to invest in Bitcoin if anything did not work properly as it expected and know due to volatile nature of Bitcoin anything can happen, the price can come down anytime. Running a company is not an easy thing. The money that your friend said is doing nothing in the bank may be there for one or two purposes; it may be that those funds are saved for any problem that may arise in the near future, to solve problems that may later arise, or probably for any emergency. I advise you and your friend that even if you guys want to invest in Bitcoin, it should be the money the company can afford to lose. Don't allow greed for making huge profits to allow your friend to invest in something the company can't afford to lose.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
michellee
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 06, 2024, 07:23:56 AM |
|
Your advice is good, but he needs to know whether the money will be used to develop his company or free money that can be used to invest in Bitcoin. If the money is for the development of his company, he should not use it to invest in Bitcoin, as that could disrupt the company's finances.
If his company made a profit in the previous year, he can use the profit to invest in Bitcoin. That will expand the number of assets, not just the company.
You can give advice like that, but it will all come back to him because he is now the owner of his company. You can teach him about Bitcoin first before suggesting he invest in It. He needs to know more about Bitcoin before deciding.
|
|
|
|
|