Why are you not taking loans out for crypto?

[Anonymous No.10857559]

I just longed another $10,000 loan on
>L I N K

See you gaylords in 2020/2025, I can't believe nobody else is doing this.
This is the smartest move you could possibly make. To make it you only need a big brain, and an even bigger balls.

[Anonymous No.10857573]

>>10857559
Have fun when the IRS repossesses your bum hole

[Anonymous No.10857588]

i predict chainlink deletes their git repo by about 2020

[Anonymous No.10857590]

>>10857559
sir, your rent is overdue and no, we do not support swift

[Anonymous No.10857596]

>>10857559
this is just malicious at this point /biz/

[Anonymous No.10857646]

>>10857573
Why would they, asshole? I'm haven't ever defaulted on a loan in the past, why would i on these? I get paid enough.

[Anonymous No.10857679]

>>10857590
Blatant lies and FUD
>>10857596
How is this malicious? This is the best advice for anyone who gets paid under $40K/annually to buy crypto. Don't miss out.

[Anonymous No.10857736]

>>10857588
Nice dubs, nice FUD

[Anonymous No.10857801]

>taking loans out in order to gamble on highly speculative assets
>big brain

Laughingarmyblackdudeinaboat.jpg

[Anonymous No.10857914]

>>10857801
Its not speculating when you know you'll win.

[Anonymous No.10857928]

>>10857559
have thought about this people can max out credit cards into crypto and go bankrupt. free money.

[Anonymous No.10857941]

>>10857646
>I get paid enough
>needs to take out a loan to invest another 10k

[Anonymous No.10857982]

>>10857914
Haha oh man I know there are some absolutely deluded motherfuckers here, but you're takingthe cake right now. Probably just a shitty troll.

Just for shits and giggles though, OP, why don't you explain how LINK is a 100% sure thing? I have my 10k stack just incase, but I figure we're looking at a 5% chance of link blowing up. Maybe 10% but even that is being way too optomistic

[Anonymous No.10858165]

>>10857914
and when link dumps to 2k sat again, what are you gonna do brave man? double down?

[Anonymous No.10858180]

>>10858165
I'll invest the rest of what I inherited from my late mother

[Anonymous No.10858186]

>>10857559

You're gonna make it, marine.

[Anonymous No.10858194]

Taking a 401(k) loan out for 1BTC and some LINK.

[Anonymous No.10858208]

>>10857559
>>10857573
>>10857588
>>10857590
>>10857596
>>10857928
>>10858194
do you retards not know about crypto lending platforms?

you can take out a loan for USDT with NEXO in less than 5 minutes. BTC, ETH, or NEXO tokens as collateral.

https://nexo.io/

[Anonymous No.10858214]

>>10857941
Haha oh boy you ever heard of a budget?

I have $20K in loans on L I N K, and its only $400/month total what I owe for the next 5 years. I'll manage just fine.

[Anonymous No.10858290]

>>10858186
Thanks my brotha, I wish there was a way I could invite you to my yacht party in the future. Have a throwaway email?

[Anonymous No.10858306]

>>10857559

Well, at least you're not taking the loan at 20k.....you're still fucked though.

[Anonymous No.10858345]

>>10858290

Just created one: [e-mail]

I hold 30K myself. Gonna sell half and stake half, quiting wagecucking forever. It's crazy how people are not seeing this, but i guess some people hate money.

[Anonymous No.10858432]

>>10857914

Get a load of this guy

[Anonymous No.10858488]

I basically did when I used my credit cards to buy crypto in December/January. Currently down 70%. Pretty soon these interest rates are gonna ruin me.

[Anonymous No.10858530]

>>10858488
S

how old are you

[Anonymous No.10858556]

I did this last bullrun with a 20k loan and hit over 600k ath. You just need to time it properly. Sitting on 5 mill Vechain atm.

C O M F Y

[Anonymous No.10858575]

>>10858345
Get me in. Throwaway54321@protonmail

[Anonymous No.10858599]

i bought 23k link with the banks money.

[Anonymous No.10858603]

>>10858530
23. Had 450% gains and didn't cash out a single penny. Didn't tether because of the tether fud and I didn't want to hold useless tokens. Ironic because as it stands my investments are useless tokens.

[Anonymous No.10858774]

Fucking tempted man I took out a 5k loan back in February to not have to even touch my stack kek thinking of taking another 5k loan to buy the alt dip

[Anonymous No.10858829]

>>10857559
If you are willing to wait until 2020-2025 why wouldn't you just gradually accumulate with money you earn from income as opposed to taking out a loan? If you assume 2020 is in ~20 months, that comes out to just $15 a day that you need to put away to accomplish the same goal.

You're literally paying (likely double digit) interest on virtually nothing, the point of a loan is short term, to get something NOW. You are going to wait until the loan reaches maturity at which point you will have paid ~$1,000.

Jesus christ this is the most retarded fucking post I have ever read, I just keep re-reading it to myself while typing out this post, absolutely infuriated that people this retarded exist. And its so typical you're holding LINK too, only someone this fucking mentally handicapped could make such choices.

Literally eat my shit you stinky linky

[Anonymous No.10858851]

>>10858829
I'd imagine that op would sell a portion of his stack to cover the loan as soon as goes parabolic

[Anonymous No.10858872]

>>10858851
top tier risk management lads, good on you. seriously, congrats on this

[Anonymous No.10858878]

>>10858829
No cure for stupid

[Anonymous No.10859009]

>>10858208
makerdao

[Anonymous No.10859021]

>>10858829
I agree, OP and those like him are fucking retards and will be forever poor
>muh fucking loans to buy shitcoins
what a joke

[Anonymous No.10859028]

>>10857559
To frens seriously considering this... please first invest in the book "Antifragile" by Nassim Taleb. Don't get yourself into a situation where you can get completely rekt without a means of mitigating your risk. You CAN still significantly increase your potential upside without totally risking destroying yourself.

[Anonymous No.10859046]

>>10858829
This implies that there will be a singular point in which link will moon. That won't be the case. It will go up and down and up and down and up and down. He will be able to pay off the loan comfortably in less than a year.

[Anonymous No.10859063]

>>10857559
I unironically took out a $100k loan towards the beginning of the year. Not doing so hot right now but it'll pay off by 2025 when the loan is repaid.

[Anonymous No.10859068]

>>10859028
based

[Anonymous No.10859120]

>>10859046
His 5 year range insinuated that he is planning for a moon starting roughly in 2020. I can see how you would think my proposed model suggest a linear rate of growth, but such is not the case. It would actually still be more convenient to accumulate over time because buying in within one time period increases your risk exponentially, especially since we aren't even at the end of the downtrend (I'm not a permabear, but lets be fucking honest for one second, we are still making lower highs & lows) . All of this on top of the fact that most people are in agreement that the next bull run in crypto wont be until 2019-2020, so he would still be better off saving his income. On top of this he put all his money in a risky shitcoin instead of at LEAST diversifying properly.

I'd say the chance of him killing himself is substantially higher than are his changes of getting rich off this idea. And I say that not because $10,000 is a lot of money, but because he clearly overleveraged.

[Anonymous No.10859127]

>>10857559
Way ahead of you.

I took a loan of 100.000 swedish kronor.
10k on XCM (Coinmetro) and 90K on link

L2p

[Anonymous No.10859151]

>>10857590
They will definitely support swift by then
2020 is years from now boomer

[Anonymous No.10859173]

>>10858872
yeah it's so risky taking a shot on a potential game changer with a $5000 loan. you must lead an exciting life anon! absolute worst case scenario it goes to zero and you have to work a few months to pay it off. oh no. best case, you sell 10% of your stack when it equals principle. taking out a small loan to buy the bottom of link if you have no cash is literally the definition of low risk, high reward.

i can just imagine some poor cunt who has balls the size of raisins, like yourself, sitting poor when link moons and they didn't have any cash to buy any meaningful stack at the bottom, while their peers took a mickey mouse loan out to buy a 20k stack and are now millionaires.

you're a boring fucking idiot .

[Anonymous No.10859227]

>>10859173
First of all, if you weren't poor as fuck you'd already have $5,000 to your name. Second of all, I hope you realize how you look right now using adjectives like boring & exciting to give financial advice, lmfao. And lastly, LINK is never going to moon because its a shitcoin run by a fat Russian faggot who has a philosophy degree. You stinky linkies never cease to amaze me, every day another treasure to read. You're worse than Digimarines and arkies combined.

[Anonymous No.10859255]

>>10859120
unironically one of the few people with a working brain left on biz, you’re gonna make it anon

[Anonymous No.10859698]

>>10857914

[Anonymous No.10859734]

>>10859227
the only reason i took the loan out is because i just spent two years traveling the world after quitting my $200k/yr engineering job, which if I really want, i can go back to at any time. so don't worry about me thanks, i'll be fine. i also bought link at .20 so I'm already up over 50% on my big scary risky investment. if you're not an idiot, taking out a small loan to take advantage of clear opportunities is perfectly fine. also, not sure where you read the word exciting in my post, i was directing it towards you and since you're a boring cunt who probably jerks off to risk management schemes, that word wouldn't be found anywhere. lastly, i hope you realize how you look right now using adjectives like fat and Russian to give investment advice, lmfao. eat shit faggot

[Anonymous No.10859802]

>>10858829
>>10859227
>>10859120
I like you anon you make sense. I've been putting $500+ a week into stocks and making for a month 1% a day so far. What should I do with my next 1k I've been looking at crypto but honestly dont know where to begin with them and I get the feeling that most of them are garbage bets that are promoted by people who are heavily invested in them.

[Anonymous No.10859948]

>>10857559
because most people here aren't millionaires that can actually afford to loose 10k.

[Anonymous No.10859981]

Im done accumulating link i feel like with 30k im just throwing money away and gambling if i get more

Its too much

[Anonymous No.10860622]

>>10859981
t. Linklet

[Anonymous No.10860697]

If no larp, how much is your interest on the loan?

[Anonymous No.10861015]

>>10860697
One is at 9.9 APR for 60 months, the other is 9.7 APR for 60 months.

[Anonymous No.10861143]

>>10858345
[e-mail]

Let's do it full boomer ACDC MONSTER.

[Anonymous No.10861175]

>>10857559
Degenerate gambler

[Anonymous No.10861364]

>>10857559
Don't do this it makes mustard gas.

[Anonymous No.10861458]

>>10859734
>dude I'm so rich bro trust me I have no reason to try to seem cool over the internet

Good one lad

[Anonymous No.10861837]

>>10858290
>>10858290
[e-mail]

Also took a loan to buy link with part of the loan being in BTC as a "hedge" and 5k reserved for repayments in case something happens me and I can't pay for a while.

Definitely a risk I'm willing to take. Already up 13% on link. I'm sure it'll be a roller-coaster though

[Anonymous No.10861959]

>>10858208
how do you get USDT?
I only see credit card or bank transfer. I just want straight USDTs that I can deposit straight into binance.

[Anonymous No.10861990]

Hate to tell you this OP but every time I buy, the market immediately dips.

[Anonymous No.10862009]

>>10857559

I am. Here's what I do (roughly):
>Buy an Eth.
>Use Nexo.io to borrow an additional Eth.
>Stake that additional Eth in a MakerDAO, CDP, get DAI
>Use DAI to buy something I know is about to pump. Do the trading thing.
>Pay down the CDP. Once cleared, I now have an Eth plus profit.
>Add Eth to the Nexo.io stack (OBV interest deducted), repeat.

Why bother with the Nexo step? Because you can get a debit card, so I can access profits without cashing out. Oh yeah, and the Nexo token is a good hold, passive income from loan fees (Maker is too of course). Obviously, a high risk strategy until you really get things.

[Anonymous No.10862021]

>>10858829
>t. What is opportunity cost?

Not gonna make it.

[Anonymous No.10862075]

id say nobody is dumb enough to take out a loan for absolute shitcoins like link. at least put a portion into btc/bch but this is biz after all so i guess everythings possible

[Anonymous No.10862228]

>>10859734
Mechanical/mining engineer checking in here. Agreed life is on ezy mode

[Anonymous No.10862461]

>>10857559
What interest rate are you goys borrowing at?

[Anonymous No.10862769]

>>10857559
lmao we are the same person anon. i also took out a $10k loan just to buy LINK with.
i also have a friend who took out a $3k loan for LINK
we'll be millionaires in the 2020's

[Anonymous No.10863475]

>>10857590

[Anonymous No.10863622]

I read this book about poker. It's not gambling if you know what you're doing.
>not living an exciting life
pls get on my level plebs