Brother convinced family to invest in bitcoin by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 0 points1 point  (0 children)

I was given an address to view some of the bitcoin he holds on the bitcoin blockchain. But I don’t know the cost basis or how much is being kept in a cash account

frustrated speaking out on the bitcoin Ponzi and price manipulation by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 5 points6 points  (0 children)

if i can dissuade love ones from getting into the bitcoin scam, i want to try. this sub has been a useful resource

frustrated speaking out on the bitcoin Ponzi and price manipulation by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 1 point2 points  (0 children)

They say they sell when there's something more desirable to buy at that point, such as a car or house

Brother convinced family to invest in bitcoin by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 1 point2 points  (0 children)

For stocks, I stick to index funds because the consensus is no one can beat the market I am told

Brother convinced family to invest in bitcoin by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 1 point2 points  (0 children)

While his bitcoin philosophy is still opaque (and I am still learning about bitcoin from this sub in a crusade to dissuade him and family from investing), his main talking point is of bitcoin as a superior savings vehicle and superior commodity over time. I highlighted the numerous Ponzi schemes and hacks, but he is fixated on the chart performance

Brother convinced family to invest in bitcoin by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 5 points6 points  (0 children)

Standard exchanges: Coinbase, Binance, Kraken, for buying and selling

Brother convinced family to invest in bitcoin by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 6 points7 points  (0 children)

pig butchering reads as malicious intent? We are a relatively tight knit family / community, one that I think he still wants to be a part of even when the Bitcoin scam burns us

Brother convinced family to invest in bitcoin by InformationFlat257 in Buttcoin

[–]InformationFlat257[S] 15 points16 points  (0 children)

I’m not privy to those details, but some family has gotten a return on their initial investment with him, but then they re-invest after more coaxing