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/biz/ - Business & Finance


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25507439 No.25507439 [Reply] [Original]

I have 4.5 BTC. I could sell 1 BTC and pay off the remainder of my college loan ($20k). Should I do it?

>> No.25507501

what's the interest rate? do you think you can make a higher rate of return on a monthly/annualized basis than what you're currently paying?

>> No.25507524

>>25507439
NO never pay the college loan, they'll never learn if you jerks don't stop paying that stuff.

>> No.25507557

Yes. Don’t be a debt slave
But wait until the grace period ends some hopefully your BTC becomes worth more and thus you dont have to sell as much

Just dont keep putting off paying the remainder of that debt beyond the grace period. You dont want that $20k to turn into $50k because of (((interest)))

>> No.25507573

>>25507439
Yes.

>> No.25507606

>paying your debts

Gay.

Just kidding, pay them now.

>> No.25507614

>>25507524
Dont listen to this cryptokike trying to get you to pay more (((interest))))

>> No.25507628

>>25507439
Getting rid of debt is never a bad idea. Sure it could go to $100k but what if it just crashes now and then you maybe have to cash out 2.5 or more BTC instead or wait a few years?

>> No.25507671

>>25507439
do it asap, anon

>> No.25507675

>>25507439
Dude....wait until Dec to make that decision. If BTC goes up by even 3x then you only need to sell .33 btc to accomplish that.

>> No.25507684

>>25507439
>Should I do it?
Sure. But towards the end of the bullrun ofc.

>> No.25507696

>>25507439
Doesn't that debt just disappear if you don't pay it for a few decades?

>> No.25507730
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25507730

>>25507439
NO.
please don't sell anon.
if you feel compelled to pay off this loan go to blockfi or some other btc loan site, use a bit of BTC as collateralized loan and pay the debt that way. then if you want pay against keeping yout btc or let appreciation pay it for you.

THIS IS THE POINT NEVER CASH OUT

>> No.25507735

>>25507439
Yes

>> No.25507740

>>25507524
Don't listen to this faggot who got some useless degree and only hopes the government forgives student loans so tax payers get to pay it back for them...not that it'll ever happen.

Pay off your debt, op. Youre a retard to let that shit keep piling up interest and have it on your credit report.

>> No.25507745

which interest do those student loans usually have?

>> No.25507755

What's the interest rate on amerifat student loans anyway?

>> No.25507776

>>25507439
Biden said he's gonna cancel up to 10k of student debt... maybe wait til EOY.

>> No.25507783

>>25507439
No, paying off your student loans early will likely crash your credit score. These anons telling you to sell your BTC don’t understand that having student loans doesn’t affect your credit score in a negative way whatsoever. Just autopay the minimum every month and forget about the loan.

>> No.25507832

>>25507439
Unless your student loan is going up faster than BTC why would you sell it?

Also it sounds like you didnt get your money’s worth from that loan OP.

>> No.25507871

>>25507740
>Youre a retard to let that shit keep piling up interest and have it on your credit report.
You’re a retard who can’t do math.
2.75% interest on a $20k loan is $550. That’s fucking peanuts and OP should ride it out rather than sell BTC which will probably go to $1 million by 2025.

>> No.25507962

>>25507439
Well, think about it this way: do you think BTC will appreciate in value faster than your debt will accrue interest? If so, hold the BTC and pay off the debt later.

>> No.25507971

>>25507439
Holy fuck, there's no way you have 4.5 BTC and are this much of a brainlet. Go flip some burgers to pay off that chump change. Selling one citadel ticket to pay off your goyim training has to be the lowest IQ play conceivable.

>> No.25507985

>>25507783
It doesn't negatively affect your score to pay stuff off early you spazz, it just stop positively affecting it (because regular payments are a boost). Put your phone and subscriptions on a credit card and pay it off every month.

>> No.25508036

30k btc today might be the half tomorrow, you never know it's a gamble and a thing that nobody uses. Meanwhile you can get real money away and pay your debts.

>> No.25508113

>>25507985
>It doesn't negatively affect your score to pay stuff off early you spazz
It literally does you stupid nigger. I paid off my student loan after 3 years and my credit score dropped 70 points because I’m not loaded with debt accounts like everyone else. Not having enough debt history means you can’t be trusted means your credit score drops.

>> No.25508206

>>25507971
Ring ring based department

>> No.25508273

>>25507740
"Pay off your debt, you need the high goy score possible!"

>> No.25508320
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25508320

>>25507439
if your capital (btc) can generate higher profits that your debt+interest do not pay it full.

btc can be worth 50k or 100k later this year, wasting 1 would be a very stupid decision.

If you're into trading pay at most 1/4 of the debt now then 1/4 or 1/2 next year and so on...

If you're woke and benefits out weight consequences, don't pay these fucking scammers a single cent.

>> No.25508381

>>25507740
Jewish hands typed this post

>> No.25508435

>>25507730
This. Never sell. You'll lose so much in taxes. This anon is gonna make it. Collateralized loans is the new cash out.

>> No.25508494

>>25508113
absolutely kiked

>> No.25508503

>>25507439
Only pay as much as you need to push your credit score, after that use the credit to buy more buttcoin after the crash later this year.

>> No.25508526

dont pay it off
its likely you can just keep rolling it over in perpetuity
or just agree on some 5$ monthly payment
the small chance they forgive loans is on the table and if you pay it then you are not exposed and will be painful watching a bunch of retards get their loans forgiven after you gave up future generational wealth for absolutely nothing

>> No.25508547

>>25507439
depends on what the interest rate is on the loan

>> No.25508585

Isn't biden cancelling that

>> No.25509062

>>25507871
Many student loans are 5%+ if you are an oldfag, and you cant refinance those
Mine were 6.8% and i dont understand how zoomers cry about 3% loans.

>> No.25509862

>>25507439
Oh JEEZ dood, I dunno man, aighh... 3 dollas?

>> No.25510203

>>25508585
Unfortunately I did not have the forsight of us having a commie president who will forgive government student loans. I had a mix of private loans at 8.5% and gov student loans at above 5%, refinanced both into private loans at around 4%. Biden only spoke of forgiving government loans, no way he can forgive private student loans too.

>> No.25510281

The government will eliminate all student debt by 2030.

>> No.25510755

sell 2
pay off loans with 1
bank the other as profits
never sell the rest

not taking profits is a /biz/ meme propagated to dump on you

>> No.25510839

default

>> No.25511198

>>25510839
he can't, they're student loans

>> No.25511935

yes good idea, so that when they cancel student debts you will be seen as a hero who help is country by reducing the debt that had to be cancelled !

are you fucking stupid ? you make money with money ! what do you think the rich run on ? on fucking debt you idiot !

make more bitcoin, then rent your bitcoin to get a yield on them and pay of your pitifully low debt that way ....

ask yourself this, what is harder to get, dept or bitcoin ?

you sell your bitcoin only for something that has more value, not for a fucking debt jesus fucking christ !!!

>> No.25511960

>>25507439
Pay half of it and with the rest you buy gold bullions. Keep the other BTCs

>> No.25512817

With Jews you lose. Pay it back and be debt free.

>> No.25513785
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25513785

If you're dead set on paying it off call them up and tell them you're hooked on pills but you just got a fat check from your great grandma and its exactly 60% of whatever you owe them. If they don't take it now they'll never see a dime and you'll blow it all on pills instead.

Usually if the first rep doesn't take the deal the next two will if they have a webchat or 24 hour service use that or call at 3am when its pajeet atel who really needs this close.

>> No.25513812

>>25507439
no

>> No.25514535

>>25507971
You're right, but there's also something nice about not being attached to Jewish debt. Mentally, emotionally, and spiritually.

>> No.25514654

>>25513785
Kek. Can this really work?

>> No.25514730

>>25507439
Didn't biden promise to forgive student loan or something?

>> No.25514748

>>25513785
Holy crap this is genius social engineering. Fuck, I wish I posted on /biz/ before paying my student laons off. I'd have so much more Bitcoin.