/biz/ - Business & Finance

>>16989288
quite a few people around the EOY 2017 peak, they are all dead now

many did, but that usually happen at peak of bubble and they end-up in debt. Don't know why you wouldn't just leverage money though. Many exchanges offer it.

>>16989288
it's the high IQ thing to do

>>16989288
i have 12k in credit card debt from accumulating link in 2018... prob should have cleared it at $4 but live and learn i guess

Dave Ramsey says NO. imo it's bad for mental health (always price checking, hoping youre gonna make it based on factors out of your control), and it's unhealthy for the market in general

>>16989288
lot's of people in 2017 which is why btc crashed so hard , normies took loans and kyc was very small so they opened accounts on exchanges and bough non stop.

I feel like it's time to do it

Ill do it if BTC dips below 6k. 75 loan. 25k interest. 30 year

>>16989393
>appeal to authority
Anyways, yeah taking loans out is pretty idiotic

>>16989288
i got a $3k one because I can afford to pay it off easily many times over

would hesitate on getting a big loan

>>16989302
I did. 20k down the drain. Paid it off though so whatever, life goes on.

>>16989288
I took over $12k in grants and school loans and put it in crypto and dropped out of university before even setting foot in a class

let’s say you have 10k in your bank account and get a loan of 8k and put it into crypto. wouldn’t that be sort of like leverage trading?

I had $600 extra from student loan. Got a playstation and some crypto. Lost the private key tho. Still have the playstaion tho.

>>16989288
>EOY
>posted in 2018
>Jan 2020: $2.5

>>16989302
this.
I remember several stories of retards

>>16989288
I took out an 8k€ loan at 11k USD to buy my second BTC. Still bagholding, still in the green, since I bought a lot at 5k and 3k.

>>16990790
Yes, margin trading without liquidation. You can HODL.

I take 20k$ loan for BSV 2 month ego

2 months ego I took 20k loan for BSV

>>16990803
>EOY2

Why not a 0 percent credit card? Probably 5-10k easily, and 12-18 months to pay it back

>>16990790
yeah. they are called leveraged loans.

>>16989288
I took 10 k line of credit at the 3.2k bottom. Sold most at 10k plus.

>>16989288
I did, but that was 2013. Would do it if I had to again, but just to put it into BSV. I know somebody did it 2015 and bought a shit ton of XMR sub 1$.

>>16989288
Don't fall for the debt meme, never give an inch for usury.

>>16990650
Where do you stand now financially?

>>16991927
Very stiff sir

I loaned myself money out of my 401k to buy link last year.

>>16992387
I'm unironically doing this. Figure I'll have sell off points that beat just sinking money spent on the card in a 2% account and collecting interest instead. As long as I can pull the trigger and not get greedy, I shouldn't completely collapse my credit score.

>>16989288
Me, i got $1.4k
I'm down to $800

>>16993652
How does that work? Can you explain

>>16993633
How does that work? Can you explain

>>16993633
Based

as already pointed out.. its called leverage.

>>16989288
40k loan in december 17. Immediately tripled it on stellar, then jumped around various alts through 2018 losing money all the while. Settled all-into LINK last winter, then sold 25k LINK prematurely at $1.10 to clear the remainder of the loan. I had DCA'd a fuck ton so I still had 80k LINK left, and I profited somewhere between $20-$30k on the loan overall, in my estimation.

Still, it sucked seeing LINK go to $4.00 just a month later and thinking how I could have paid back the principal using just 6000 LINK instead of 25000 if I'd just waited a few more weeks. But the mainnet release was so disappointing after all the assblaster LARPs, I figured $1.00 might really the final exit pump.

Holding that loan for over a year, paying $1200 monthly payment while my blockfolio constantly wavered between 0% and -50% ROI really wasn't worth it, would have been less stressful and probably more profitable just DCAing harder through 2018.

>>16989288
i first got into crypto with buying LINK
took out a $17k loan with super high apr and bought LINK at $0.20
took some profits at the coinbase listing, paid back my loan then filled large bags of RSR

by 2025 i should be a mega millionaire but this shit is my only fucking hope so if it fails i just give up on life.

>>16989288
I used my credit card to try my hand at btc trading. For the life of me I can't find patterns or trends to follow. I'm trying to learn more and more but most likely I'll try again at some point.

>>16989288

dear negro, at least play german shit

https://www.youtube.com/watch?v=igLJIzCRnbw

>>16993685
Vanguard has the option to take out a loan against your 401k for up to 50% of its net worth.

>>16989288
bought crypto with a credit card back when that was possible. I think most places ask for a debit card or a bank hook-up. paid it off as soon as the bill came, got a bunch of points.

>>16994008
this indicator has really helped me be a better swing trader. also the standard TTM Squeeze works wonders too when u learn how to read them

https://www.tradingview.com/script/ei3H6PBZ-Visita-Interiora-Terrae-Rectificando-Invenies-Occultum-Lapidem/

>>16993609

This.

>>16994036
God bless anon. I'll have a look at it.
It actually looks like an MA/EMA ribbon

>>16993685
Google securities backed loan.

I use M1's leverage because it's 2% less than my portfolios current dividend yield.

>>16994059
and if you really just want to minimize your losses and go with a smart contract decentralized bot trading wETH/cUSDC on defi liquidity pools then check out the 20d MA bot they have on http://tokensets.com - best use case for sc bots ive ever fucking seen and its been killin it with +50% returns in the last 8 months. i have about 80 contracts with it.

>>16989288
I took out a $6,000 unsubsidized student loan. 50k Link Marine.

>>16994059
>It actually looks like an MA/EMA ribbon
it just has the Madrid MA built into it

>>16994090
>>16994104
I find the trade signals are better given in the 1D timeframe.
Actually seems like a good find my dude.

>>16994020
>bought crypto with a credit card back when that was possible. I think most places ask for a debit card or a bank hook-up. paid it off as soon as the bill came, got a bunch of points.
How much did you take out? For a 12-18 month payment, doesn't seem like it would be awful. Suppose I'm playing a dangerous game since I am already paying so much in other debts though but eh

ive been letting my 0% credit card max out while all my cash goes into btc