[ 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: 105 KB, 666x660, 1471360018491.jpg [View same] [iqdb] [saucenao] [google]
17156849 No.17156849 [Reply] [Original]

I am currently a student who has put his life savings into crypto (70% LINK, 17% BTC, 4% ETH, 3% RLC, also own a bit of REN, ZRX, BNB, ETC, LTC, HOT and XTZ), I am thinking about taking a small loan of like $5000 to buy more crypto, what's the best way to go about this when I have no income?

Also, I'm thinking of putting most of the loan into DEFI projects, buying some more ETH and BTC and possibly buying the bitcoin forks (BSV, BCH) because I feel like they will be good plays in the coming bull run.

Let me know how retarded my plan is and if I should go through with it and how.

>> No.17156868

>>17156849
how much u got

>> No.17156910
File: 279 KB, 300x577, 1567968819849.gif [View same] [iqdb] [saucenao] [google]
17156910

>>17156868
15,500 USD worth is my total portfolio right now. Almost 11,000 of that alone is LINK kek.

>> No.17156974

>>17156910
You spent almost all your savings on link at $3?

>> No.17156996

>>17156849
i’d love to tell you about the easiest 100x of your life but the FUD from assblasted linkmarines will derail your thread

>> No.17157143
File: 111 KB, 1200x1200, 1557518339489.jpg [View same] [iqdb] [saucenao] [google]
17157143

>>17156974
That's how much I have worth of LINK now, I bought my bags mostly at $1.50, $1.75 and $2.00.

I actually bought a bag at $0.80 but then I sold thinking I could swing kek. I was a bit of a newbie to the space at the time. I've basically doubled my money, I initially invested around $7000 USD. In retrospect I could've done much better. I thought I was a trader for a bit and basically lost money swinging my BTC and LINK stacks when if I just held I would have done better, at least I didn't lose money.

>> No.17157179

>small loan of $5000

>> No.17157182
File: 116 KB, 800x800, 1512287250510.jpg [View same] [iqdb] [saucenao] [google]
17157182

>>17156974
Imagine not buying at >$0.1

>> No.17157341

>>17157182
I wish.

>> No.17157383

>>17156849
>taking a small loan of like $5000 to buy more crypto

The only reason to take out a loan is to acquire an income generating asset (rental property for example). Crypto is a liability, not an asset, it's not producing income for you. Can it 10x, sure, but it's speculative gambling, not an investment in a passive income producing asset. good luck anon.

>> No.17157995
File: 11 KB, 225x225, 1569631436878.png [View same] [iqdb] [saucenao] [google]
17157995

>>17157383
I'm not going to do anything crazy, most of it will go into BTC and ETH, which are pretty safe bets and a small portion into a BSV/BCH split and then an even small portion into DeFi projects such as Algorand, Synthetix, Maker and possibly Augur.