[ 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: 90 KB, 1106x1012, 1586183881849.jpg [View same] [iqdb] [saucenao] [google]
21652705 No.21652705 [Reply] [Original]

Should i take out a loan from the bank and buy shitcoins with it?

>> No.21652718

>>21652705

1000%

>> No.21652724

>>21652705
Take out $100,000 and buy chainlink

>> No.21652735

>>21652705
Yep, make sure they are uniswap defi shittokens too.

>> No.21652758

>>21652705
No
It is too hard to hold when it is borrowed money

>> No.21652776

>>21652705
No. I’ve done this and my crypto is now worth 1/10th the loan amount

>> No.21652800
File: 2.18 MB, 384x378, 1585630680320.gif [View same] [iqdb] [saucenao] [google]
21652800

>>21652735
I'm not a total noob
I know what I'm doing, kinda
I just dont want to be jewed

>> No.21652809
File: 87 KB, 1931x1189, B39E4B6B-668B-480E-9055-61A9CA541219.jpg [View same] [iqdb] [saucenao] [google]
21652809

>>21652776
Lolllllll poor bastard.

>> No.21652831

take out a loan from the bank
then put that loan into aave
then buy link or ycrv
then stake those tokens on yearn

full degeneracy.

>> No.21652838

>>21652705
totally

>> No.21652846

>>21652776
loan or not, you just suck at this.

>> No.21652880

>>21652705
i wouldn't recommend it unless you have means of paying back the loan if your shitcoins fail. makes more sense to take their money and put it in to something with more assurance even if it's longer term. i'd rather gamble with my own money if i'm going to gamble.

>> No.21652888

loans are pretty much free money at this point because the dollar will be worth nothing in a few years.

>> No.21652924

>>21652888
speculative but there's like a 99% chance it'll happen at this point

>> No.21652980

Yes

>> No.21653550

I got a prequalified offer for an unsecured 12k loan from OneMain Financial (heard bad things about them) and its about to expire. I want to pull it but I havent been working since March (been getting Trump bucks) and I feel like its wasted effort and a dent to my score (lmao credit score, in 2020 am I right?) since I already got rejected for two credit cards recently (with a good score too) and have those inquiries still.

I was planning to buy some ETH, shove the ETH into my crypto lending to get a loan from there to pay off the fiat loan (I have the additional assets required to so that) so I dont have to deal with a possible high interest rate loan and just pay the defi loan at the lower interest.

Is this a sound plan or should I do something else?

>> No.21653580

>>21652888
But god emperor

>> No.21653604

No. NEVER take a loan with interest. If everybody stops doing this jewry will collapse and a holocaust will happen (for real this time)

>> No.21654191

only if they are uniswap defi https://app.uniswap.org/#/swap?outputCurrency=0x03E7438AEF0CF54aB0c25cE3e71861d288cEB543

>> No.21654216

>>21652705
Do not do this.

>> No.21654225

>>21653580
More like bad retard