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

/biz/ - Business & Finance

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23662213 No.23662213 [Reply] [Original]

Well bros, it's been real. Being forced to liquidate all my crypto holdings due to bills. Looks like I'm gonna miss the bull run. My wagie desperation has me cornered and my prior years of bad decisions has finally caught up with me after a year of nothing but good ones. You all taught me a lot. I'll be back with stronger hands soon. Good luck. Save some SEA bussy and lambos for me when you all make it.

>> No.23662250
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23662250

>>23662213
Godspeed anon

>> No.23662269
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23662269

If you give in now, the lessons were for naught friend, you will simply be starting your journey from scratch. Make it work.

>> No.23662275

Hold on bro, stimmies coming

>> No.23662376

>>23662213
don't do this. convert your holdings to eth or btc and collateralize them into a lending protocol. borrow a stablecoin against your holdings and use that to pay your bills. if you get back on your feet, you can buy back your crypto for today's book value + interest. if we're in a bull market, you'll be buying back at a much lower price than what you could re-enter at in the future. if you're not able to buy back, your collateral gets liquidated and you keep the stablecoin you borrowed. if you're really thinking of cashing out, there's no risk to you here - you were going to sell anyways.

also good luck getting back on your feet. been there