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/biz/ - Business & Finance


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13520452 No.13520452 [Reply] [Original]

Hello /biz/,


Currently sitting on 5k LINK. I am considering taking out a loan for $15,000 and buying LINK. Please talk me out of it.

In my mind, worst case scenario is LINK does not get adoption, goes to 0, and I'm left servicing ~$500/month. Not a huge deal, but I'll have to work harder to make up the slack.

Best case, in the next run-up I pay off the loan and sit on the ~40k LINK for the next few years.

Talk me out of it please.

>> No.13520470
File: 86 KB, 621x651, linkpatent.png [View same] [iqdb] [saucenao] [google]
13520470

don't

>> No.13520477

Listen anon, if LINK actually delivers on all its promises 5k will be more than enough. A loan would have made sense when it was sub 15c because you could have paid it off with gains already. You don't need to take the risk now, 5k is enough.

>> No.13520485
File: 1.24 MB, 1079x5901, cswlinkillegal.jpg [View same] [iqdb] [saucenao] [google]
13520485

It's a bad idea

>> No.13520496
File: 76 KB, 911x782, Craig about link.png [View same] [iqdb] [saucenao] [google]
13520496

a very bad idea

>> No.13520499

If you can handle being in debt 15k then do it

>> No.13520503

Don't be a pussy fren, do it

>> No.13520577

take the loan before it's too late. and soon it's too late.

>> No.13520580

>>13520470
Honestly, didn't know the existence of a patent had anything to do with LINK's prospects. Why does an expired or useless patent matter right now? Thanks

>> No.13520592

>>13520577
Why? 'cause Mainnet?

>> No.13520628

Taking a loan for crypto is a good idea, buying LINK is almost certainly not.

Surely no one actually owns it, right? It's vapourware from a team of nobodies.

>> No.13520636

>>13520628
>this terrible fud
you're going to have to pry my cold dead hands of my linkies, I'M NEVER FUCKING SELLING

>> No.13520647

>>13520452
Only 2 coins worth buying, btc or eth. The rest are shit, if you believe the bagholders $1000 eoy you deserve to lose money. This shit can't stay above 0.50 LMAO

>> No.13520668

>>13520647
I'm anticipating something more conservative, like $2-3 in the next year, up to $15-20.

>> No.13520677

>>13520636
Why would anyone FUD your coin and what effect would it have if you believe mass adoption is certain? Ah right, it's a fucking scam by a philosophy major.

>> No.13520697

Terrible idea. I believe link will moon, but I've also thought that for well over a year. If you can only afford 5k link now, you're obviously a poorfag who will have trouble paying back the loan if it doesn't moon soon. Just keep accumulating what you can for now.

>> No.13520732

>>13520452
These threads talking about taking out loans for investments are financial warfare psyops. They are trying to normalize going into debt to invest in an effort to financially ruin the users of 4chan. Hide debt investment threads. Sage goes in all fields.

>> No.13520742

>>13520732
Lol. Just trying to get 2nd opinions.

>> No.13520881
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13520881

>>13520477
>>13520499
>>13520577
>>13520677
This thread is the lord's thread

>> No.13520986
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13520986

>>13520742
Look we are all going to die after a while we only spend a small amount of time here. In that time you get to expereince different things like pain suffering happiness sadness euphoria depression etc etc. Now this is a turning point for your life as everything has led up to this moment when you are reading what I am writing on this Indian toilet paper forum. The only question you need to ask yourself is given this opportunity, would you want to live this expereince by being a part of it? Do you want a chance of expereince true financial freedom in this life? Maybe you would not like that in this life, maybe you want to expereince a humble life without the worries of riches. Maybe you've lived the calm life before and want to expereince the rich one this time around. It is all really is up to you and the universe will listen closely to your decision and the result would be a consequence your actions. So knowing this, would you still want a chance of experiencing that life? Link is that chance.

tl:dr

>> No.13521324

>>13520742
Sure you are. Tell your discord group i said hi.

>> No.13521476
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13521476

>>13520477
>>13520499
>>13520577
>>13520677
dem digits

>> No.13521699

Compromise and borrow 10k
I don't know what interest rate you are paying but payments should only be 130/month for a 7 year 10k loan. Easy to service that. Do it, get your stack up to 25k link and forget about it. Get a second job and get that loan paid off as quick as possible. Don't even look at your link until the loan is paid. If you aren't a complete loser you should be able to pay off the loan by December.

>> No.13521718

>he wants to buy a scam
You got played anon

>> No.13521725

>>13520881
>>13521476
>>13521699
from 16k sats to 8k sats, btc went from 3500 to almost 6k. Keep coping stinkies

>> No.13521735

>>13520452
Larp. Nobody in their right mind actually buys this trash. This is the biggest meme in crypto

>> No.13521759
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13521759

>>13521699
You know what, that's the most reasonable thing I've heard so far. Honestly didn't even consider getting a smaller loan. Much appreciated for the alternate angle.

>> No.13521764

Do it man!

I've maxed out 3 high interest crdit cards (total 5K) and taken a personal loan of 1k and put it all straight into LINK.

You'll never get this chance in your life ver again mate.

Worst case scenario and LINK goes to 0 (which is almost fucking inmpossible in my opinion at this point).

Best case you're a multi millionnaire within the next 12-48 months.

It's a no-brainer buddy!

>> No.13521772

LINK will 4x then die FUCKING CAP THIS

>> No.13521794

I unironically took out a $75,000 loan at 12.8% APR to buy link. Sitting on 230k. No regrets

>> No.13521829

>>13520470
I fucking hate craig but this is good because i hate gay stink more, this is gold

>> No.13521865

>>13520503
yikes, kys discord trannys

>> No.13521867

>>13520452
Yes, do it. Do it as soon as you can, it might already be too late.

>> No.13522326

>>13521794
Ooooh I would if I could.