Maretus
@maretus
Gonna spitball with some of yall about an idea I’ve been rolling around. Does anyone think it would be a good idea to start a crypto investment/advisory business to serve old technologically inept boomers? I live in the retirement capital of the world. There is no shortage of old people with money looking to invest. I feel like this could be a good idea for a local business - especially with the moves we’re seeing from Robinhood and others. Crypto is going mainstream and I think I could sell this as a service. Charge a flat fee for advice or a percentage of profits for investments? Has anyone ever tried anything like this? I have been advising my boss about crypto trades for awhile now and he’s doing pretty well based on that advice. I know it’s really easy during a bull and damn near impossible during a bear, but what if supercycle? 😂
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arob.base.eth 🎩
@arob1000
You can try but gonna be hard to get people to give you their money to invest in crypto. My brother did this for a few years, don’t think it worked out for him
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Booth Templeton
@boothtempleton.eth
I agree, it would be an awesome idea. Would love to be a part of something like this. The only thing is a lot of tradfi type investment managers are already calling for their customers to put a % into crypto. So the whole grass roots type thing is going away. I think it might be more valuable to assist people with being "onchain" since one can buy BTC or ETH pretty much anywhere now.
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mozvane.eth
@ericmoz
Yeah I think it could work, there’s some layers here for the need to be served. Hard to believe there’s many boomers out there that are willing to go past network tokens and liquidity pools, but I guess there’s always a little alpha to share these days. Guessing you in FL too?
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halfloaf.base.eth
@halfloaf
Are you talking 121 or wide audience? Over here in uk you can't advise on anything unregulated. This channel does a good job of basics https://youtu.be/oyriORaeJOw?si=ZCWVie-NyVA_ch9_ or are you thinking (much) more detailed/tailored?
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Herbert Kwan
@genghiskwan
LOL here’s my take and you probably won’t like it. I tell my dad to buy a tiny bit of crypto ETFs, not crypto directly. He’s invested his whole life, and now he’s retired and living off those investments. Crypto is way too volatile, and he’s in his 70s. If it crashes, who knows how long it’ll take to recover, and does he even have time to wait it out? Also there is a high change he falls for a phishing scam and loses his wallet. A young person can afford to go heavy on crypto because they’ve got time to ride the dips. But if a retiree is living off their portfolio, I wouldn’t want them putting more than 10% into crypto. And if I’m just telling him to do 10%, then honestly, just keep buying SPY and QQQ.
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