Ben Justman🍷108d agoAn 80 year old family friend called me for financial advice because her kids wouldn't "help her buy crypto"
I'm advising her to buy $100 of Bitcoin on @River, giving her @Lawrence Lepard's The Big Print and telling her that after she reads it I'm happy to help
What would you do?
💬 45 replies
Replies (45)
Sleventy3108d agoCommandable. I haven't read the big print. But I've given similar advice but put out Lynn Alden's Broken Money.
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Thomas 108d agoI’m going to buy another copy and keep it in my car for opportunities like this
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Le Chiffre108d agoSend her $5 via River to her email which will let her open her new account with something already in it
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Gil₿ert108d agoMy dad called me up 2 days ago to ask if now was a good time to buy bitcoin, he had his bank account closed for some bogus reason, and the new bank offers bitcoin saving plans. I told him everyday is a good day to buy bitcoin, and right now it’s on sale.
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magnum108d agoI think The Bitcoin Standard would be a good book to read. Once people have made a bitcoin transaction, there is no going back.
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Ben Justman🍷108d agoWell when we talk self custody it will def be a consideration. Bitkey seems like the move there
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Maybe Later108d agoPersonally, I'd just have them buy gold since they are 80. I love the sweet corn, but at that age, it's a lot to handle. Gold will treat them well and give them a piece of the action.
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Kevin Alfred Strom108d agoRiver vets everyone who applies using some intrusive KYC database "security" service, and they will deny you an account if you have ever engaged in political wrongthink or gotten on the wrong side of the regime in Washington.
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JasonC108d agoBroken Money is my current go to. Layered Money is decent too and a lot shorter depending on your audience. 80yr old is a special use case - you did well
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Orange Thoughts108d agoWhy put her in the KYC trap? Just sell her some P2P. If she wants more, sell her more or help her buy P2P from others.
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LeviJohnson.net108d agoRiver is good advice because it seems like they are good at hand holding.
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Ben Justman🍷108d agoI use strike and reccomend river.
Strike has new features that are making it much more competitive for a recommendation
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Clayton107d agoMy approach has become “once you’ve read the bitcoin standard I’ll give you all of my time you need”
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