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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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15813890 No.15813890 [Reply] [Original]

I'm approved for a $23,000 SoFi loan.

I'm trying to nail down an investment plan before I sign. I know I probably want
> ~half: BTC and/or ETH
> ~25% LINK
> the rest... ???

Not sure if there's anything else really worth risking it on.

>> No.15813896

>>15813890
all in link
diversification is for basedboys

>> No.15813898

i wouldnt worry too much about it. just plan how you are going to pay back that $23k loan when you lose it all

>> No.15813911

>>15813890
Too diversified
All in bitcoin now
Or guaranteed to get rekt

>> No.15813912

25%all: BSV, BTC, ETH, LINK

>> No.15814025
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15814025

>>15813911
digits don't lie

>> No.15814041

>>15813890
Go all in link

>> No.15814234

>>15813912
Not bad, but maybe replacing the 25% BSV with 25% fresh dung

>> No.15814507

>>15813898
As I would like to manage my risk somewhat intelligently, I'll actually bite at this bait though. What do you think are my biggest things to worry about?

>> No.15814574
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15814574

>>15813890
Wow an actual literal financial suicide right before the trigger is pulled!
Oh well one less brainlet I suppose

>> No.15814596

>>15813890
>Taking out a loan.
>Aka being desperate.
You're not going to make it. Imagine being desperate for a 10/10 cutie, you won't get one.

>> No.15814630

>>15814507
Nothing op get a trip so we can remember you when you're rich.

>> No.15814814
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15814814

>>15814630
Maybe I will.

But first I gotta figure out where to stick this fucking money.

>$5,750 each in BTC, ETH, LINK, something else?

I've actually been toying with the idea of sticking a bit into a low-leveraged long position on bitmex/deribit. Keep liquidation above 3k or so and ride the wave up

>> No.15814844

>>15813890
This is literally no different than taking out a loan to play video poker. Godspeed please post trip report.

>> No.15815065

>>15814844
So you mean as in, stupid?
>cryptocurrency = poker lol

Cmon biz you're not gonna shill me on any stupid coins? Not that anything can really compare to LINK anyway

>> No.15815102

>>15813890
Easy money anon, buy BTC today, sell half at 16k, loan paid off for free

>> No.15815147

>>15815102
This is what I'm saying. I don't plan on having this loan for long - the term is actually 5 years, but I'll pull enough out to neutralize it assuming BTC moons within the next 2 years.

>> No.15815254

or wait for 4k/5k and double your crypto wallet

>> No.15815261

>>15813890
all chainlink shithead

>> No.15815290

>>15813898
>>15814596
>>15815102

why would he pay it back at all? lmao imagine being this cucked by the jew

>> No.15815396

>>15815102
>Easy money anon, buy BTC today, sell half at 16k, loan paid off for free
This is why I love /biz/ this guy literally hitting send on the sell order straight after he typed this

>> No.15815429

>>15813890
EDGE
D
G
E

>> No.15815447
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15815447

>>15813890
I did this as well but not quite so hard in the paint as you seem to be doing.

I took out a loan for approximately $10k when i already have about $20k before. Worst case is everything drops 66% overnight and i have to liquidate to pay off the loan

Also my loan is 0% interest for a year with only a small initiation fee. Seemed smart for me to do it, but only have had it for a bit. Need more time before i can decide if it was the right move

How about you, what were the terms for your loan? do you have assests to cover and pay back if needed?

>> No.15815580

>>15815447
Whoa wtf, how’d you do that? I’d love a lower rate, but I see it as, BTC will still assrape a 16% APR anyway.

Nope I do not have the assets to cover. Decent job make 70k/yr. I don’t really care if I have to keep slaving for a while. I’m only worried if BTC were to suddenly get hacked or some shit and unironically go to 0 (not happening).