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24946329 No.24946329 [Reply] [Original]

I'm going to open up a bunch of credit accounts with 0% apr for the intro period and then buy shit I can sell for cash which I then put into crypto.
Prove this isn't a 400iq idea

>> No.24946504

Do it. When you lose it all by buying a shitcoin that rugs make sure you let us know before you rope.

PS, you'd be better off just taking a personal loan. Interest rates are low.

>> No.24946721

Ive thought of this before and I’m 40 IQ

>> No.24946803

How long are intro periods generally? Anyone know any credit card companies that do this in Australia?

>> No.24946861

>>24946803
6, 9, 12, and 15 months are all pretty common here

the real redpill is to do this in succession, not all at once, and pay them off in full before they're due so you can build good credit

>tfw floating 10k in credit card debt with 0% apr until March and used that to buy 10k of crypto in the crash this year that is now 34k

>> No.24947007

This is unironically a good idea OP
I would do it (still might) but I don't have good enough credit I'm pretty sure cause I have no credit history

there was an anon here back in 2016/2017 frantically posting about trying to buy ETH with credit cards and loans whereever he could get them because he just discovered Ethereum and didn't have enough money in savings from his job
this was when Eth was like $14-20
We were wondering what happened to him as the months went on through 2017 but by the end of 2017 and especially now I know he made it

>> No.24947040

>>24946329

Risk: 7 years of shitty credit if you go bankrupt
Reward: Making it

Good risk 2bh

>> No.24948082

>>24946329
Why not just get a loan from a foreign country and dip

>> No.24948234

>>24946329
unkle adams tier. go to home depot, apply for credit card, buy goods, sell them for 20% loss, and use that money with 26% interest to buy your crypto

https://www.youtube.com/watch?v=NofReHVZySM&ab_channel=UnkleAdams

>> No.24948529

just go to the casino and cash advance the cards