[ 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: 911 KB, 740x900, 1559267412352.png [View same] [iqdb] [saucenao] [google]
20625898 No.20625898 [Reply] [Original]

After this next parabolic chainlink pump I'm taking out a loan to buy linkies at the bottom and simply work off the loan.

What's the new bottom going to be? $7? Can't change the past but I can do something about the future. I refuse to go into 2030 with only 5K LINK

>> No.20625933

>>20625898
Wish i could take out a loan but im only a student. Fuck

>> No.20625940

>>20625898
>taking out a loan to buy linkies
retard

>> No.20625945

have the ~50 or whatever chainlink exploits found in the quantstamp audit been fixed? that could leak funds from nodes?

>> No.20625955

>>20625898
sounds like a retarded amount of risk

>> No.20625962

>>20625940
I was going to do that at $1 but I didn't, now we're here

Tell that to the anon that took out a loan when they were at 20 cents

>> No.20626008

AHAHAHAHAHAHAHAHAHAHAHAHAHAHHABABABABABABABAHAB

>> No.20626167

>>20625933
You can put LINKs up for collateral, loan BTC(this is safer since if there is a market crash, BTC will crash in USD value so LINK won't crash that much in BTC) or USD. Then buy LINK with that money. I would suggest only borrowing a small % like for example 5000 LINKs and u borrow to buy about 1000 LINKs. That's relatively safe. Ofc calculate your liquidation price. I'd say below 35k is very safe. I have mine at about 10k sats from a loan back in March, but that's only the stack on Binance. If I added CB stack as well, then the liq would be like 2k sats lmao.

>> No.20626249

>>20625898
I am using my stack as collateral on Aave to buy more link on the way up. Just don’t over leverage and it’s the best way to increase long term stack.

>> No.20626317

>>20626167
>>20626249
I was considering leverage on crypto platforms but don't they charge by the hour? There's also scam wicks, things like what happened with corona, etc.

Seems like the safest (by /biz/ standards) way to do it is just buying them and holding, I've seen many people getting rekt with leverage over the years. Are these the best places in crypto to borrow? I'll of course do my own research into it

>> No.20626450

>>20625898
Just don't fuck your life up for more link, if you can do it comfortably and it won't affect your future plans then go for it. But keep in mind that the whole market could go to shit and prepare for that.

>> No.20626674
File: 71 KB, 1280x959, pricediscovery.jpg [View same] [iqdb] [saucenao] [google]
20626674

>>20626317
That's why I said to calculate your liq price and check the chart to see where the previous dumps(corona for example) have gone to. Then make it even lower than that and you should be safe. Atm by looking at LINK/BTC on Binance, I'd say 20k sats is rock solid that no way in hell will LINK fall to that. 35k is also solid, but it's better to keep it a bit lower just in case you know it falls to 50k sats and u start sweating already. About the hourly thing, then yes I get charged hourly interest, but that's about 10% per year if I calculated correctly(24 * 0.00114 * 365). I would suggest doing this on clear dips and then selling the pumps. Long term holding onto a loan would not be the best strat imo. Use this loan possibility to like swing LINK without actually selling your LINKs and then resetting that loan by paying back on pumps.

>> No.20626723

>>20625898
awesome plan to go bankrupt

>> No.20626788

>>20626674
Thanks for the info anon I'll look into it, if it looks like it'll work I'll probably put 1k linkies into it for a test run next time we see a massive red dildo or two

For some reason I was thinking it was 12% per month on average

>> No.20626833

>>20626723
thanks for the input, maybe you can tell me which stocks will get me 12% this year?

>> No.20626906

>>20626317
I also got rekt once. But the coin I bought crashed too. Otherwise I still buy with leverage but for things I'm sure to close in less than a month.

>> No.20626954

>>20626788
During the red dildo I'd do a bit of DCAing like maybe 30% 30% and the remaining in a span of a couple of days. Or you know if you think it's time then go for it fuck it.