please be honest, I can take it

[Anonymous No.22939312]

Just sold an apartment Ive owned for 2 years for 260k on a whim (bought for 240k) - I decided 5 days ago & today got a commitment to buy in writing & the contracts are already being drawn up. the apartment is in a great spot in a rapidly appreciating area & will probably be worth almost double in 5 years (I estimate around 450k). rental income isn't so great but I calculated I could have gotten 300k minimum over the next 20 years. so that's a potential value of 850-900k I just sold for 260k.

I'm going to put the money into crypto (most likely link) as soon as it hits my account in 6-8 weeks (start of December probably). assuming link hasnt blasted off into outer space by that point and I can get a 10k stack, I'll have 1mil when it hits 100, more if I hold. this is my thinking. was it a good idea or have I just gone full degenerate gambler?

[Anonymous No.22939338]

>>22939312
This is the best decision you have ever made.

[Anonymous No.22939380]

>>22939312
Its called a "loan", anon...Dont sell your goddamn income generating apartment in a great spot in a rapidly appreciating area that will probably almost double in 5 years.

[Anonymous No.22939410]

>>22939312
You are a degenerate gambler. It may work, but let's be real here, it usually never does.

[Anonymous No.22939461]

>>22939312

You are going to need at least 1 Bitcoin to survive the apocalypse.

[Anonymous No.22939463]

>>22939380
I can't do debt, call me retarded but it's a hard limit. I have no debt a d intend to keep it that way. also some more info: have 2 other rental apartments that are solid income generators but won't appreciate much & the rent is stable. I sold the other apartment though cause it was empty and I could get a quick cash sale from a company I knew would buy it (they own other ones in the same block)

[Anonymous No.22939483]

>>22939312
So you traded a fairly stable investment with a high potential for growth, for a volatile investment with a lot of speculation and hopes of even greater growth (but a greater chance for a crash to zero).

And you're asking if this is gambling?
What else would you call it, "smart investing?"

[Anonymous No.22939491]

>>22939312
LINK is one of the best preforming assets, year over year, for the past 3 years...

Seriously, good move, BUT you should have looked into the Tax code, there’s a good chance, you could do something with real estate and owe basically zero tax.

[Anonymous No.22939503]

>>22939312
Everything is a gamble. It goes without saying that some investments are more risky than others. Crypto is maybe not the riskiest (casinos and such would be), but it's right up there. Now consider the risks associated with real estate. What's the worst that can happen? A collapse of the housing bubble? Maybe. But that's highly unpredictable. Now put everything in perspective, what's more likely to happen? That the building appreciates 2X in value, or that link appreciates 10X ?

[Anonymous No.22939521]

>>22939312
What's the point of you made up story about you being an absolute retard? Jesus how heavy are those link bags that you need to resort to this stupid story. You probably don't even have 1k in your account you stupid faggot bagholder

[Anonymous No.22939541]

>>22939312
Most retarded decision I've heard. Unless you have other huge forms of net worth, You should never do this. If it pays off, You earned but still doesn't stop it from being stupid.

[Anonymous No.22939548]

>>22939338
This desu unironically

[Anonymous No.22939583]

>>22939463
>lose income generating asset
>lose potential speculative asset
>pay tax on sale of apartment
>pay sales tax on crypto you buy
>all because "I don't do debt"

[Anonymous No.22939602]

>>22939483
that's one way of putting it yes, but link is hardly speculation anymore, that's why I did it. the apartment is alot of work, I'd need to renovate it to get it's full value, then desk with tenants & manage it (which is do myself). that's alot of hassle when I could just throw the money into link & do nothing, & might we'll end up with alot more. I'm not saying property is a meme, but fuck it seemed worth taking a chance right now since link has dropped so much, plus covid. I can just see crypto exploding when the virus subsides, while the apartment would just be work for comparatively small gains

[Anonymous No.22939629]

holy shit people on this board are actually retarded

[Anonymous No.22939647]

>>22939503
building is guaranteed to appreciate x2 but probably in 5-7 years. in my head link is guaranteed to x10 in next 2 years

[Anonymous No.22939687]

>>22939583
I'm in Germany. checkmate

[Anonymous No.22939710]

>>22939312
Degen gambling for sure. Should have 1031'd into another piece of real estate you can rent out and spend the rents on crypto.

[Anonymous No.22939716]

10/10 larp

[Anonymous No.22939727]

>>22939521
Little boy, some of us actually have wealth and assests, we arent all underaged and living with their parents like you

[Anonymous No.22939748]

>>22939312
if you're going to put money in Crypto, consider your biggest holding CAP

why? read here

>>22937491

[Anonymous No.22939920]

>>22939710
thing is, rental properties are work and stress. it's passive income for some of the time, but not all. it's also slow af. i already have 2 rental properties which is why I didn't feel it was tooo risky to sell this other one

[Anonymous No.22940662]

>>22939312
Congrats man. Your courage will be paid off in the future. Sit back and relax and never sell!

[Anonymous No.22940789]

>was it a good idea or have I just gone full degenerate gambler?

Depends. There was a guy in my country in 2016 who went balls deep to Ethereum with everything he had to the point he had to borrow money from friends to daily stuff.

2 years later he exited the crypto market with €34 million euros and was one of the top 5 gainers that year in my country (Yurop)

Not saying you are going to make same sort of gains with investing $200k into LINK, but the point is that going balls deep to Ethereum in 2015-2016 was probably more riskier and at least as much gambling

[Anonymous No.22940856]

>>22939727
That may be, but OP is obviously, as always, a faggot. And you can't argue against that simple fact.

[Anonymous No.22940929]

I might be a degenerate gambler too, but to me this sounds like the right move. Fwiw, i am 35, living in a developing country, and i own over us$350k worth of chainlink. I got a loan in 2018 to get in. I have a grand total of about us$20k in debts, and have no other investments or substantial assets. So essentially, 100% of my net worth is in Link.

[Anonymous No.22941010]

>>22939312
Make your LINK gains then buy it back

[Anonymous No.22941016]

>>22939920

Try working full time for less lol

>muh rentals are work and stress

Ok

[Anonymous No.22941032]

>>22940929
Have uronically over $400k worth of Chainlink and less than $1k on my bank account currently.

So like >99% of my networth is in Chainlink.

Yes, it is gambling and it is degenerate.

[Anonymous No.22941116]

>>22939920
Not if you have enough rentals to outsource to a prop management company.

[Anonymous No.22941153]

>>22940789
can't imagine the stress of cashing out 34mil though. what did he do with the money?

>>22941010
this is also my thinking. I'm.sure I can at least get to 800k off the link I'll buy with it in the next 2 years, and could then just buy a better rental property. while if I'd kept the apartment I'd be stuck with something that's only appreciating slowly

[Anonymous No.22941513]

>>22941153
Do yourself a favour and look into REN. It is currently paying better returns than my rental properties.

[Anonymous No.22942503]

Iink and xrp need to be eraserz these 2 shit coins are the loudest of the pack and have poisoned the minds of newfags

[Anonymous No.22942564]

>>22939483
kek there is absolutely no way LINK is going to zero without taking all of DeFi with it at this point, let's be honest.

[Anonymous No.22942642]

>>22939312
>Just sold an apartment Ive owned for 2 years for 260k on a whim (bought for 240k) - I decided 5 days ago & today got a commitment to buy in writing & the contracts are already being drawn up. the apartment is in a great spot in a rapidly appreciating area & will probably be worth almost double in 5 years (I estimate around 450k). rental income isn't so great but I calculated I could have gotten 300k minimum over the next 20 years. so that's a potential value of 850-900k I just sold for 260k.
why the fuck wouldn't you keep the apartment and just throw other capital at LINK