Whats stopping you from borrowing money to buy bitcoin, anon?

[Anonymous No.24749499]

[Anonymous No.24749548]

im not retarded

[Anonymous No.24749550]

Unironically this is what normies will start doing during the next Golden bull run. It won't be pretty.

[Anonymous No.24749551]

because you can lose literally everything you have... margin trading is stupid

[Anonymous No.24749558]

>>24749499
Not being retarded

[Anonymous No.24749588]

my ball sack

[Anonymous No.24749602]

>>24749499
I'm the only person that seems to think what he did was a good idea.

[Anonymous No.24749620]

>>24749550
Go to foreign countries and take huge loans and throw it in bitcoin and disappear. That is the wave. There will come a day where that works with the dollar too.

[Anonymous No.24749631]

How else is he going to pay craig wright?

[Anonymous No.24749634]

>>24749602
It is, he has monthly payments until 2026 bitcoin will easily out perform the interest rate

[Anonymous No.24749643]

>>24749499
This is actually not a bad move. In 5 years, you can lose your bitcoin in a boating accident and declare bankruptcy.

[Anonymous No.24749677]

>>24749643
I bet Peter plays up his past drug usage to explain where hundreds of BTC wound up. "I didn't send it to myself, my dealer took it all! God damn the pusher man!"
"Sorry judge I had a relapse and now need to declare bankruptcy."

[Anonymous No.24749691]

>>24749499
pretty based desu, newfags on biz actually believe btc won’t be at least 100k in 6 years? Fortune always favours the bold

[Anonymous No.24749709]

Doesn't Peter own a home? Why not take a home equity loan for a much lower interest rate, do a quick run to Home Depot for some paint and throw the rest in BTC?

[Anonymous No.24749717]

Some real dave ramsay tier retards on here if you’re not from money and make fuckall you’d better get accustomed to risk if you wanna /makeit/ people are so scared of losing money when they’re already too poor, behind and won’t retire before they need diapers anyway

[Anonymous No.24749721]

>>24749499
>7.9%

[Anonymous No.24749732]

>literally the same exact thread from earlier

[Anonymous No.24749821]

>>24749499
presuming he can afford it, why not? I guess he could do this or dca in with the same money over 6 years, and decided this would be better given the interest rate. Good move, imo.

[Anonymous No.24749841]

>>24749602
This isn't reddit. You aren't unique.

[Anonymous No.24749860]

>>24749499
I don't gamble.

[Anonymous No.24749898]

>>24749499
He's got to beat an 8% return. SPY hits 9% historically. Real Estate would likely do it. Bitcoin in 6 years at 22k would mean it has some sort of black swan event. Yeah, it's a good decision. The specific amount, 57k or whatever is relative to the person investing.

[Anonymous No.24749942]

>>24749499
my wife

[Anonymous No.24750375]

>>24749499
How do I borrow money?

I make like 32k a year

[Anonymous No.24750379]

I own enough already

[Anonymous No.24750391]

>>24749732
yeah imagine posting the same thread multiple times a day no one on this board does that at all

[Anonymous No.24750407]

>>24749602
It's good. I did it with link and 8k, within the year i well outstripped the loan.

[Anonymous No.24750422]

This is likely illegal considering most loans have stipulations that you can’t use the money to invest

[Anonymous No.24750431]

I can't wait to dump on normans and average joes after they're over leveraged on their loans buying absolute shit at aths kek

[Anonymous No.24750492]

>>24749499
Who would sign off such a loan? I'd have to tell my bank it was for 'home improvements' and hope they don't come after me for fraud.

[Anonymous No.24750501]

>>24749499
Holy shit anon you're on to something.

I have no income but I may qualify for a student loan.

[Anonymous No.24750610]

>>24750422
>>24750492
Banks only ask to cover their own ass. They don't really care about having to repo your ass, what they do care about is the government getting on their case for issuing bad debt.

[Anonymous No.24750621]

>>24749499

The obvious double top.

Also crypto is a textbook Ponzi scheme.

[Anonymous No.24750626]

>>24749717
>people are so scared of losing money when they’re already too poor
heh, thats me alright

[Anonymous No.24750644]

>>24750621
the obvious nocoiner retard. kys

[Anonymous No.24750687]

The thought of walking past more homeless to get my coffee makes me sad :(
This is for desperate retards with nothing to lose, honestly better to start growing suss tomatoe plants instead.

[Anonymous No.24750804]

>>24749551
>>24749602
It is a great idea with his interest rate
An absolutely phenomenal investment
I wish I could do the same thing but I don't think I can get a loan like that at 23 with a working class job

[Anonymous No.24750818]

>>24749499
Why not 50k?

[Anonymous No.24750836]

>>24749602
Its good, I did this back in march and got the loan funded a few days after the crash. Its smart because with margin you're constantly worrying if you might be liquidated due to a large drop

[Anonymous No.24750862]

how does one get a loan like this? i have pretty damn good credit.

t. 34 y/o financial illiterate

[Anonymous No.24750927]

I maxed out my low interest student loan for this purpose.

[Anonymous No.24752069]

>>24750927
>>24749898
>>24749821
>>24749717
>>24749643
>>24749691
>>24749602
Based

I can't think of anything more beautiful than some poorfag going all in balls to the walls realizing that this is the only real potential of making it. You've got nothing to lose but everything to gain.

[Anonymous No.24752201]

>>24749499
Loan restrictions are tight and I don't have a job due to layoffs.
>>24749602
This is what debt is actually supposed to be used for, accelerating net worth. Not buying a fucking shitty condo or car.

[Anonymous No.24753262]

>>24752201
The thing is, youre right, but at the same time youre backing in the assumption of a more or less risk free investment.
I would not feel bad buying 50k in bitcoin but I would worry about paying back a shitty loan over it.

[Anonymous No.24753390]

>>24753262
Dicks in my ass at an ever-increasing rate.