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RE: Vlog #14: Which cryptocurrency I recommend to my family.

in #life7 years ago (edited)

What I've been doing recently is advising people to get into crypto with small weekly amounts like a savings account. That way they can secure the average price over a year or so. With the option of putting in more during dips.

It's money they can afford to lose and the importance of timing is muted and averaged over a longer period. Something like coinbase, sure you take the 3% hit but you can throw as little as 10-20 dollars in a week without batting an eyelid.

Although for close family I just get them to give it to me upfront and I trade it for them.

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