[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 118 KB, 768x522, 754258953.jpg [View same] [iqdb] [saucenao] [google]
25893023 No.25893023 [Reply] [Original]

Thinking about taking out a 401k loan(for 50k) to go all in chainlink before it hits 90 bucks in 2 months. Anyone ever do this?

>> No.25893077

Honesty that’s a great idea

>> No.25893080

>>25893023
if my credit score wasn’t 623 i would

>> No.25893158
File: 12 KB, 398x399, Untitled picffture.png [View same] [iqdb] [saucenao] [google]
25893158

This is going to moon so fucking hard people will hate themselves and people will post pink wojacks out of shear disbelief and horror.

>> No.25893188

Should've done it in 2020 when the early withdrawal penalties were waived.

>> No.25893346

>>25893188
It's a loan not a withdraw

>> No.25893950

>>25893023
Don't gamble a loan you fucking dolt

>> No.25894296
File: 3.64 MB, 1616x1274, F1FA255C800D4A0FAFA0C21B3CEF931E.png [View same] [iqdb] [saucenao] [google]
25894296

>>25893023
>take out loan to buy link
>bank runs significantly impact confidence in fiat
>central finance collapses under the weight of ongoing security costs
>smart contracts gut offices everywhere in every industry
>paperless goes live
>mass normie unemployment (skills rendered useless due to advanced software replacing human processing)
>mass normie sudoku because normies thought wearing fashionable clothes and being social at work was the be all end all
>inputs still required: lawyers and "data experts" become widespread
>occasional checks and balances required for oversight (part of a teething adjustment to smart contracts)
>outputs audited by external teams working around the globe
>geographic currencies now just used as currency to pay for things when needed most people happier and more secure being paid in a utility token that has its value tied to the ever growing international network outside the control of international organisations and governments
>digital economy now seen as more valuable than physical assets because they allow freedom of movement without being arseraped by the government whenever border crossings occur

>> No.25894420

>>25893023
Leveraged investments are always retarded.

>> No.25894555

>>25894420
You really think I'm going to make it being a wagie?

>> No.25894594

>>25893023
DON'T FUCKING BORROW TO INVEST IN A VOLATILE ASSET YOU ABSOLUTE MONGOLOID

Seeing people lose money they can afford to throw away on a shitcoin is funny. You absolutely financially devastating yourself is not.

>> No.25894628

>>25894555
Yes. I believe in you

>> No.25894633

>>25894555
You really think you're going to make it by buying internet scams shilled on the sewer of the internet?

If you want to make it start a business ffs

>> No.25894875

how much total is in your 401k? how old are you and how much do u make yearly?

>> No.25894981

>>25893023
I actually took $12,000 out to buy it in August. Unfortunately it was about the same price it is now. Wish I would have waited for it to fall down

>> No.25895054

>>25894555
you had 4 years

>> No.25895089

>>25894594
He's a big boy

>> No.25895159

>>25893023

>>25861714

>> No.25895190

this thread is an obvious sell signal. Get out now

>> No.25895287

I maxed out my student loan this semester. 7500 smackaroos all into chainlink. I live at home currently so I didn’t actually need it for tuition. I expect to make a tidy profit

>> No.25895310

>>25893023
Link's price is a function of Ether's price which is a function of Bitcoins and that's going down atm.

Short story dont.

>> No.25895439

>>25894296
this forecasting is beyond the ability of this board to conceptualize

>> No.25895441

>>25894875
$10k, 27, $60k

Will I make it?

>> No.25895716

>>25894594
It's fucking chainlink you dumb sewer rat. It's not like putting money into some shitcoin

>> No.25896028

>>25893023
I took out a loan against my house in 2019 to buy link. I’m up about $250k

>> No.25896107
File: 88 KB, 1080x1096, 20210113_103402.jpg [View same] [iqdb] [saucenao] [google]
25896107

>>25895439
dude think ahead lmao