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/biz/ - Business & Finance

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File: 129 KB, 1280x720, Debtmaxxing.jpg [View same] [iqdb] [saucenao] [google]
53951544 No.53951544 [Reply] [Original]

Should I use credit card money to buy BTC?
https://youtu.be/Lt24bCivOqM

Seems like the timing is right.

>> No.53952325

>>53951544
I debtmaxxed back in 2017 and I'm now a millionaire. The problem with trying it now (in the UK at least) is that they class deposits to crypto exchanges as cash withdrawals rather than you buying goods which they used to

>> No.53952363

>>53951544
>youtube video has 64 views and is out 8 hours ago

this is an advertisement

>> No.53952365

>>53951544
only if you flee the country for china or somewhere

>> No.53952392

Sam Hyde is a bitcoin millionaire from fan donations. You shouldn't take financial advice from an e-beggar

>> No.53952410

I would watch PKA religiously every day if that boring faggot Woody gets kicked out the show. What a blackhole of fun.

>> No.53953822

>>53952410
same. the world's worst interjector. Everytime he interrupts, its with some autistic observation that no one gives credence to. Hate this fence-riding normie phaggot

>> No.53953849

>>53951544
No its a terrible idea he only gets away with it bc he could pay back all his debts if he ever got faced with a legal threat.
Itd be good pre 2020 but its too late now you will get raped

>> No.53953977

>>53951544
who?

>> No.53954110

>>53951544
>Debt Maxx
Yes. However, go for the long con. Build up a good credit score for about a year. Open an account with a credit union. Move all your fiat through the credit union. Don't burn the credit union on bad debt. Wait until the credit offers get huge. Then, maxx out everything. Have a CB account and use the CB Visa. Move all of your fiat and debt into crypto even if it's just USDC. Move all of your crypto to a self custody wallet. Now there is no physical money they can go after. If you ever go to court (unlikely), claim you are a poor degenerate gambler caught in a debt trap. However, you still self custody all of your real money and you will have at least one financial institution that will do business with you. Probably also want to have a YT channel with your debt maxxing adventure so you can e-beg for keks.

>> No.53954539

>>53951544
No, it’s not. Sam is a millionaire so he can afford to rape his credit in the ass; you cannot.

>> No.53954551

>>53951544
probably one of the most retarded thing you could do

>> No.53954640

>>53951544
Bro, BTC can only 5x at best. Sammy credit-maxxed to get a 100x. You and him are not the same.

>> No.53954651

He’s smart, he’s Connecticut

>> No.53954781

>>53954640
Use it for defi staking instead. Just tokens that have liquidity and have been around for a while like CAKE (but diversify or you'll be providing all of the liquidity and won't be able to sell). You can usually find credit cards with 0% APR for 1-2 years but even if you don't, the APY can easily outpace APR.

>> No.53954807

>>53954781
What I haven't been able to figure out is buying crypto with a credit card in the first place since most seem to block it. You can buy gift cards but then you're losing a big chunk of the principal right away.

>> No.53954830

>>53954110
Retard

>>53954539
The only real answer in this thread. Sometimes the answer is that simple.

>> No.53954848

lmao they're basically calling him retarded without saying it directly

>bro just credmaxxx
>what if you wanna buy a home
>i uhhh dont know about that

>> No.53956792

>>53951544
No
/thread

>> No.53956809

>>53952392
His family is rich too

>> No.53956926

>>53954539
Is Sam actually a millionaire? He acts like a broke 35 year old loser but I don’t really follow him

>> No.53956999

>>53951544
Sam Hyde is Jewish
Think about that

>> No.53957014

>>53956926
He is not only made millions with crypto, he is also trust fund kid.

>> No.53957024

i dont think sam made millions with crypto
probably around 100k-200k max

>> No.53957096

>>53957024
the dude hasnt worked a job since he was 19

but owns a raptor,supra,firebird,ram rtx, 911 gt3, and 4 bikes

pays rent on two buildings, pays staff and buys starbucks ham and cheese sandwiches 3 times a day

how else could you do that?

>> No.53957169

>>53957096
selling todlers to jews

>> No.53957249

>>53957169
sam hyde is jewish, both his parents are jewish and his mom use to call him a hypocrite for telling so many anti jew jokes ( source is his own stand up )

he also flips gpus and was a ps5 scalper

>> No.53957824

>>53957096
gumroad paypigs and dads money

>> No.53957867

>>53952325
This, even in the US this is the case and they hit you with a ridiculous interest rate as it's considered a cash advance.

>> No.53958058

>>53956809
source?

>> No.53958073

>>53952325
no you didn't, especially in the UK lol

>> No.53958235

>>53957824
>gumroad paypigs
which was over 6 figures a month last I checked

>> No.53958279

>>53958235
jfc

>> No.53958295

>$20 a month for Discord access
OH NONONONO SAMBROS?????

>> No.53958500

>>53958295
what's the discord?

>> No.53959372

>>53952325
wtf are you talking about. Well done you if you gambled money you didn't have in 2017 but what you said is wrong.

>> No.53959887

>>53957096
he rugged mondo megabits for like 800k, it adds up. it got split between him and johnny neptune though

>> No.53960760

>>53959887
by rugged you mean the price tanked? or did he actually rug it on purpose

>> No.53961311
File: 47 KB, 570x487, 5959.jpg [View same] [iqdb] [saucenao] [google]
53961311

>>53951544
>Is Sam Hyde's debtmaxx strategy a good idea

Yes if you already own a home, perhaps (but not necessary)a car and don't have to worry about having to work in the long term...

try to build as much credit score as you can , get as many cards as you can, then throw all that shit onto crypto and enjoy the ride fren

>> No.53963265

>>53960760
i mean he pushed the smart contract and it had an exploitable bug and it fucked up the entire mint and all they do is hit twitter every few days and pretend like it didnt happen

>> No.53963356

>>53963265
the main problem with mondo megabits was whoever decided the mint limit to be 4000 gross overestimated how many mondos would sell. if they had made the mint limit 2000 instead of 4000 it could have been the next cryptopunks. considering how many youtube superchats they get, the mde hype is real. they just horribly fucked up the logistics of their NFT launch so bad it tanked the whole project.

>> No.53963385

>>53963356
>the main problem with mondo megabits was whoever decided the mint limit to be 4000 gross overestimated how many mondos would sell.
no, the main problem was that the contract got exploited. this is archived, it actually happened live on /biz/. it was going ok until someone started minting all the rares. the exploit was posted in the discord, ignored, and then exploited. it was close enough to look like an inside job.

>> No.53963412

the expoit happened right when the mint hit 3000, so if had closed at 2000 max mint it would have closed before the bug exploit was discovered. it also would have preserved the rarity of the mondos. i was paying attention to the mint status, and it crawled to a halt around 3000 minted, they never would have reached the 4000 mint goal with or without the bug exploit occuring. if they didn't hit the mint limit of 4000, the project would have been just as much of a failure without the bug exploit since the max mint not being reached equals the mondos having no rarity, which is the opposite of how successful previous NFTs launched like Cryptopunks and the Donald Trump ones. the most important thing for a successful mint is that ALL of the NFTs sell out completely so that they are rare and heavily traded on the secondhand market (opensea). that was never going to happen with Mondo Megabits having an absurdly high mint limit of 4000 total Mondos available.

>> No.53963497 [DELETED] 
File: 173 KB, 828x681, OpenBet12.png [View same] [iqdb] [saucenao] [google]
53963497

Here's the thing. You said a 'OpenBetAI is a meme token.' Is it in the same family? Yes. No one's arguing that. As someone who is a gambling addict and who studies shitcoins, I am telling you, specifically, in science, no one calls OpenBetAI a meme token. If you want to be 'specific' like you said, then you shouldn't either. They're not the same thing. If you're saying 'meme token family' you're referring to the taxonomic grouping of erc20 cryptocurrencies with an animal logo, which includes things like shiba inu and ApeTown. So your reasoning for calling a OpenBetAI a meme token is because random people 'call small mcap shitcoins meme tokens?' Let's get doge and shiba inu in there, then, too. Also, calling someone a human or an ape? It's not one or the other, that's not how taxonomy works. They're both. OpenBetAI is a OpenBetAI and a member of the shit token family. But that's not what you said. You said OpenBetAI is a meme token, which is not true unless you're okay with calling all members of the meme family meme tokens, which means you'd call monero, icp, and other coins memetokens too, too. Which you said you don't. It's okay to just admit you're wrong, you know?

>> No.53963523

>>53963497
who are you responding to??