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/biz/ - Business & Finance

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12474104 No.12474104 [Reply] [Original]

would this be a good idea? i know its a risk but then i would hold for the next 5 years and see what happens

>> No.12474107

>>12474104
DO it

>> No.12474109

>>12474104
>would this be a good idea?
it could be

>> No.12474129

>>12474104
you stupid piece of faggot!

wait until march and save 54k!

>> No.12474136

>>12474104
Would be a much better idea to put it in LINK, if you want to play it safe in your mind go 50/50 btc/LINK

>> No.12474138

wait to see if it bounces on 3k or not. If not, wait until it reaches 2k

>> No.12474149

>>12474104
Do it, make sure the loans are unsecured, then "lose your private key" and declare bankruptcy

>> No.12474186

>>12474129
>wait until march and save 54k!
>wait to see if it bounces on 3k or not. If not, wait until it reaches 2k

listen to these anons op

>> No.12474213

>>12474104
Yeah sure, go long now, being in debt it the way of the burger.

>> No.12474741

bad idea because BTC is now a terrible altcoin and shitcoin

>> No.12474779

>>12474104
wait until after mt goxies get their BTC and many of them dump them late february

>> No.12474877

>>12474104
100% bear signal. Everytime.

>> No.12475074

>>12474104
no because not only will you need to pay an interest of approximately 7-10% on that loan, if not more, you'll lose it all because BTC is unironically going to zero

>> No.12475146

>>12475074
kek

>> No.12475206

if you have the ability to pay that off easily with no sweat, then fuck it go for it who cares. if 75K is a lot of money to you, no.

for loans that big dont you usually need to apply for them? what do you even say when you want to take out a 75K loan. "ah yes im going to invest this in a volatile speculative asset class"

>> No.12475217

>>12475074
And what takes its place?
Im guessing IOTA

>> No.12475318

>>12474104
Honestly not a bad idea if you can get a rate under 7%.
Thats only like 4k a year on a decent gamble to retire within 7 years.

>> No.12475672

>>12474104
either way you're gonna end up a billionaire so it doesn't really matter. go for an even 80K and then diversify with some shitcoins too.

>> No.12475691

>>12475217
>not nano

>> No.12475741

>>12475206
>asset class
>asset
>bitcoin
wew

>> No.12475754
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12475754

>>12475217
>>12475691
>>>/rebbit/

>> No.12475765
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12475765

>>12474104
how would one go about doing this if you are a 30 year old NEET. asking for a friend..

>> No.12475770
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12475770

>>12474104
Don't take anything for granted in the crypto space. I took out a personal loan in early 2018 because I thought I was buying the dip. Now I'm almost $90k in debt with coins worth only $25k. I was prepared mentally for this nightmare scenario playing out but it still sucks balls.

>> No.12475777
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12475777

>>12475074

>> No.12475797
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12475797

>>12475770
lol so this is who bought my bags. don’t worry anon I enjoyed your money very much wagie

>> No.12475803

>>12475754
You sure got me.

>> No.12475820

>>12475797
Yup, I bought up all 3 of your ether tokens. Poorfag.

>> No.12475838

>>12475820
>calls someone a poorfag
>took out a 90k loan to by bitcoin
what did he mean by this?

>> No.12475850
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12475850

>>12475838
It means I wanted to buy the "dip" without for my wagebucks to slowly come in throughout the year.

>> No.12475857

>>12475850
without waiting*

>> No.12476026

>>12475850
Ups driver here that makes as much as you ironically

Damn Pham, I couldn’t imagine paying that monthly payment to pay back your loan. Good luck to you. What are you holding?

>> No.12476056
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12476056

Invest in a real crypto currency

>> No.12476153

>>12475850
nice. is that gross or after tax income?

>> No.12476201

Op I took out a 25k loan and put it all in XRP at 35c.
This will make me a mill in no time.

One thing I strongly advise you do is to take out Loan protection insurance is the bank is able to offer it, will save you 140ish days no repayments if you need it, I regret not taking that option to help out.

>> No.12476214

>>12476153
After tax.

>> No.12476249

>>12474104
When we hit the bottom it will last a couple of months
Id say wait a few months and see if the price drops a lot

>> No.12476259

Wait for below 3k

>> No.12476564

>>12474104
OP, please get any job and dollar cost average into crypto, like maybe 10%

>> No.12477140

>>12474104
Make a portfolio of shit coins if you do this. You will regret it if you don't.

>> No.12477155

take a loan of 25k and long it 3x
you will lose everything anyway so why bother overpaying?

>> No.12477161

>>12474104
How?? I would never be able to get a loan from a bank for 75K to buy Internet tokens

>> No.12477165

>>12476564
/thread

>> No.12477174

>>12474149
Right and if those Coins ever move you’re going to jail nice

>> No.12478322

>>12474104
>i am unironically considering taking out a $75k loan to buy 21 BTC
stupid beyond reason

>>12474104
>would this be a good idea?
no
>>12474104
>i know its a risk but then i would hold for the next 5 years and see what happens
beyond dumb

>> No.12478423

>>12475741
Nocoiners, never change lol

>> No.12478434
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12478434

>>12474104
Its not the worst idea, but you need to make sure you dollar cost average in (2k every Wednesday), also ONLY BUY BTC with it.

>> No.12478438

>>12475857
I made that mistake at 6-7k luckily it wasn't with debt
Still buying 2500 every other month depending on the dips and whatnot

>> No.12478447

BTC will never be used seriously. its a meme at this point. its slow, old, and expensive. a bank is literally better in EVERY way besides the corruption

>> No.12478449

Eth is going to flip BTC. Pay attention to the fundamentals. The information is out there.
>Maker
>ICOs
>STOs
>Difficulty bomb
>Casper
>Hundreds of projects running on ETH

>> No.12478453

I say do it OP but DCA and budget so you don't go bankrupt
I think we'll pop out of the 3-4k cycle by July based off the halving meme cycles

My big break was winning 20k at the casino and going all in bitcoin in late summer 2015
With luck you can be a wealthy neet too

>> No.12478457

>>12478449
Eth cant even release constantinople

>> No.12478502

>>12475850
>he fell for the buy the dip meme

>> No.12478519
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12478519

>>12474104
what's the plan for when bitcoin goes to 0 and your wife leaves you?

>> No.12478657

>>12474104
That's a lot of risk. I recommend starting small, 75k is already a lot of psuedo jumpstart, it'll eat you up faster than you can wageslave for 5years and seeing that you're asking /biz/, you're not that confident of your prospect.

>> No.12479257

>>12476249
we've been bouncing around 3.6k for a couple of months now, have we not?