Hello, dear readers.
I know what everyone is talking and thinking about lately, and you guessed it – I will ignore the elephant in the room and talk about something that can actually be useful.
Like really, how many ‘OMG BTC HIT AN ATH’ articles do we need?
Today I’ll talk about something way more important than money. Relationships with other people… People and money come and go, but unlike money, people have feelings. You make one mistake, and people can turn on you forever. Money? Way more forgiving!
Maybe you put your own financial well being above all that social nonsense, but just in case you don’t, I have some friendly advice for you.
Financial Advice Is A Recipe for Resentment
The reason I’m talking about other people right now is because you have probably been asked a few BTC-related questions lately. Co-workers, relatives, virtually anyone who knows you’re ‘dabbling in crypto’.
You see, when the market is green, tokens skyrocket overnight, and crypto is featured in evening news, the public suddenly gets interested in investing. Everyone wants a slice of the pie when Bitcoin is booming.
At times like these, FOMO recruits bandwagoners who will kill for a ticket to All-Time High Express. They look at their ‘loser crypto bros’ who are grinning from ear to ear and they are confused.
“If this guy can do it, how come I’m not a millionaire yet?”
And so we get ‘extreme greed’.
Of course, not all people are created equal.
Some are way too risk-averse to touch crypto with a barge pole, but the uneducated majority are the ‘bravest’ people on God’s green Earth. Also we have people who are sitting on the fence and ask you, the 160 IQ genius, to take them by hand and show them the road to riches.
Your ego will be stroked, as those people will look into your mouth for every word, and then, every word you’ll say will be twisted and used against you when the price eventually dips.
It’s simple – leave financial advice out of relationships. Whether it’s a terrible fantasy football suggestion or a food recommendation that turns into a culinary catastrophe, bad advice will always breed resentment. And when it involves money, you get it sevenfold.
In a hypothetical situation, If they ‘win’, they’ve done it all by themselves. If they ‘lose’, they will come for your head with torches and pitchforks.
Keep Your Family And Business Completely Separated
I know it is hard to keep your mouth shut when you’re making some serious gains.
But save yourself the trouble and stick to the golden rule of crypto: don’t talk about it online or over dinner. You gain nothing by sharing your financial victories, and if things go south, at best you will be ridiculed by the ‘I-told-you-so’ crowd. In the grand scheme of things, a discreet crypto journey might just be the best investment you’ll ever make – in your relationships.
Remember that the bling effect only works on people you don’t want in your life. They will expect you to ‘help’ them with everything, cause you have deep pockets now.
But here’s a little story on how to check if the person who nags you about crypto is actually serious.
Send them to an investment simulator like Cryptospaniards, and tell them to play around with virtual currency. I bet that most of the people will never try it, or will forget their password to the site in a few days. Interest in investment melts rather quickly for most people. I’ve tried it before, and it worked out perfectly.
Let friends and family discover financial investments, specifically highly volatile and risky investments like crypto, for themselves. If they are actually serious, undersell on the possible gains and oversell on the risks, then check if they have a HODL mindset… did Jeremy switch favorite teams in the off season?
Then he’s not that guy. He’s just a fickle fairweather glory hunter. And he has paper hands!
If any Jeremy is reading this blog post, I’m sorry, it’s the first name that came to me. I congratulate everyone who got positive notifications in the last few weeks… Whether you returned your money, multiplied them, or did anything else – remember, good times will test you as much as the hard ones.
Do not lick a power outlet. Do not eat yellow snow. And never-ever tell your friends and family about crypto… unless we’re talking about kids. Kids get a pass.