Dad gave me $50k

A few days ago my dad gave me $50k cash to invest because I told him I didn't want to go to Uni in return I have to move out before Christmas. Initially I went all in, but then at lunch today my dad laughed at me when I told him I went all in on chainlink immediately and I already lost nearly $10k. I've decided a smarter strategy would be to put $10k in every other week instead of going all in at the start so I cut my losses sold 2k link at $15.40 and I'll put $10k more on the 30th and then twice more in September. From what I know about investing this is Dollar Cost Averaging and should end with me having a bigger link stack.

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Or you could just hold

If you went all in bitcoin, you’ll still be having a fk ton of money now

Inb4 Dad give me 50k and AAAAAAAAAA AAAA AAAAA AAAAA AAAAA AAAAA only 10$ left

Please keep updating us until you lose all of it user. Your dad must have serious cash and a cruel sense of humour letting you invest.

Invest in STAKE instead, will btfo maker

I really hoped you weren’t being serious when you made a thread about this yesterday, that you’ve sold at a loss already is beyond idiotic. It will be at ATH by Thursday.

Did you finish high school? This isn't normal behavior user.

If you are in the US crypto to crypto transactions are taxable! In other words you owe 20% of that link you sold faggot and you are going to pay up. Unless you are Eurochad

Fucking retard imagine getting 50k for free and already losing 20% of it.
If my parents would've given me that much money for an investment I'd already be millionaire. Fuck you op, you fucking fuck.

old pasta but damn user I could have invested that and tossed 100k back at you in a week

>daddy gave me 50 grand
>presumably neet
>all in on chainlink in the year 2017+3
>le dollar cost averaging meme

o i am laffin

See what happened to ETH in summer 2017.

Chainlink will be exactly same.

Dollar cost averaging is rubbish. It helps psychologically but it doesn't help you financially.
The problem is that you spent your money on crypto like a drooling retard. Coins crash and burn.

God I wish my parents could afford to just give me $50k. My parents helped me with $500 my first semester of college and that's it. And the degree has given me fuck all. Fuck you OP, I'm jealous

Not if you lose

lul, thanks for being my bag holder fren :)

Never laughed so hard in my life. Go hard into pumapay next to see how your dad will laugh at you.

not you again

It’s on gains you mutt

Your a retard, buying at the top, Kek lmao

lol its a pasta bro calm down

All I see is $30k USD chain link turning into $30k USDC. I see no losses.

Which app is this? newfag here pls help frens

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invest in a skillset. Could be sales, could be whatever. Invest in tools to help you earn leverage. Buy a camera learn how to use it as a networking tool, buy a decent computer to edit and work on, buy a 2003 Honda CRV so you can be mobile. Stick 30% of it into LINK and forget about it until next year.

he bought at 19 the other day if you saw his thread, he at a loss

it's not about the value of crypto

it's about the amount of coins you have

Fuck him he is going to pay taxes and he is going to like it.

are you literally retarded? like actually fucking braindead? how have you made it this far in life?

sign up for a brokerage account. any one, it doesn't fucking matter. 30k qqq, 10k soxl, don't touch

I love the dad gave me 50k guy.
Someone needs to copy paste these all together into a flip book.

It feels me with happiness because there have got to be a bunch of other specimens just like this guy doing the same with daddy's money

PS you should have gone to uni you fuck up

Yeah I graduated last year
But if I bought back in now it'd be at a loss
He gave me the money last week how can you be a millionaire in 7 days from $50k? Its not even a life changing amount of money barely enough to even move out
This is blockfolio it just manages your portfolio but you can't buy or sell
Uni is dumb especially now with COVID seems like a waste of time and money

thats not how it works user

So I should just buy back in now even though it's already gone up again? I feel like I should just wait for another dip at least if I keep buying and selling like this I'll lose it all

dont buy back in right now wait a day it might be dropping to stability at $14-12 and then buy and hold long till bigger macro events start poking their head in the market

If you don't make a gain you don't owe taxes. You could put $10k into BTC, trade it for $10k ETH, trade it for $10k LINK, and then trade it for $10k USDC and wouldn't owe a penny of taxes. All that matters is the difference in $ value of the properties from the time you purchased them to the time you exchanged them.

put 80% in index stonks, then keep about $10k to fuck around with crypto. Coins are inherently super high risk, you don't want to lose everything and end up killing yourself.

bro, all in doesn't mean 'all the money you have'. it means all of your portfolio, or all of the money you have to invest, or 10% of what is in you bank account is considered 'all-in'.

But I need to get rich so that I can move out

YOU ARE GOING TO LOSE ALL OF YOUR MONEY

Utter retards like you dont deserve good fortune. Kys and ngmi.

>Dad gave me $50k
Humble origins

Buy 3 bitcoins and wait until they hit $100k each

You sound so dumb it hurts, must be a troll.

You immediately bought all Link, then sold most and lost $9k... Then think you're DCAing

The absolute state

kill yourself, you got 50k for nothing and wasted it like a complete faggot already by accepting it

This user.

Investing is for the rich and you have the start.

The true key to success and wealth is making more money not retaining it.

Retards rather lose everything here on shitcoins than make solid x2 in 5years. Somebody gonna make it, but most will go broke like op with weak hands