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/biz/ - Business & Finance


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9469594 No.9469594 [Reply] [Original]

>get personal loan for 20-25k
Buy 10k link
100k fun
10k bat
5k rlc
10k ambrosia
And a bunch of other projects

Monitor and hold until 2020
And pay off loan in mean time

(Yes I could very easily manage 25k debt and if I lost it, it would suck but I’m young and this is the time for risk)

>> No.9469648

>>9469594
What will you tell the bank when they ask what the loan is for?

>> No.9469651

Nice larp. As if you'll have the balls to keep your positions. That's why there's actually very few bitcoin millionaires. Anyone involved sold for a loss or a quick win, and then sold for losses later. The more you trade the more you risk being forced to pay 25k debt to nothing. So you better stick to your guns otherwise you're gonna fuck your only chance up. Otherwise you'll apply to wal mart by the time you're 68

>> No.9469659

>>9469594
that portfolio will be worth 20-25k by 2020

>> No.9469661

Just burn the money and be done with it

>> No.9469662

>>9469594

Yes this is an excellent strategy.

However I would highly suggest you dump BAT for PRL, or one of the other coins in your list. BAT is shit.

Lower the amount of RLC as well, that project never goes anywhere (look how it PnD'd today)

>> No.9469690

You won't get a loan to do something so stupid unless it's from the mafia

>> No.9469691

>>9469651
Why would I trade? One of these bad boys is bound to make 25k minimum (fun) and I can afford to manage this much debt fine. Or I could go out and buy a brand new automobile and pay on it for 5 years instead lol 25k leverage isn’t the end of the world when you have no debt and a good salary
>>9469648
Here in the us you can get a personal loan off credit karma and they deposit it straight to your bank acccount, you don’t have to say what it’s for , it’s a personal loan I got 25k without talking to a human.

>> No.9469714
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9469714

>>9469594

>> No.9469731
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9469731

>>9469690
Look into upgrade, best egg etc. I have 3 personal loans at 12% totally 25k. Didn’t have to talk to a single person or explain. :)

I don’t recommend leveraging this way unless you are comfortable with the risks

Some people will call me stupid some will understand

>> No.9469767

>>9469691
Why would you trade? Because when you hit +$5000 on one position you will think you're a trading god. You'll continue to trade and trade and trade trying to position yourself to reach that $5k high again. Before you know it, you're putting your entire $40k portfolio on a single shitcoin that /biz/ says is "on sale" or "dipping". That's why you will lose. Your only chance is buying, cold storage, and moving on with your life. If you come to Biz, just know you're risking your entire plan. You're gonna get cocky and gamble it all away like most.

>> No.9469804
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9469804

>>9469767
Reading comrephenision brainlet, I don’t plan on trading. I would monitor until 2020 and take what I deem the best course of action. If I reached a good exit position on something (50c-$1) on fun before 2020 I would sell it, pay down the loan and pocket the rest, not reinvest it or trade

Pic related is you reading

>> No.9469989

>>9469594
>sauce id
>green

Confirmed to make it

>> No.9470040

>>9469804
You're an absolute monglet if you don't loan at least 200k for this brilliant plan

>> No.9470067
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9470067

>>9470040
I don’t think I could get a mortgage for crypto nor do I have the risk tolerance for that, I’d an hero if I lost 200k>>9470040

>> No.9470540

>>9470067
BUMp

>> No.9470549

>>9469648
Tell them it’s for a used car and they’ll never check to see if you bought one

>> No.9470599

>>9470549
>used car
>25k

>> No.9470622

>>9470599
>>9470549
What part of you don’t have to say what it’s for don’t you guys understand? I literally just gave them my routing number, bank account number, signed an agreement and they deposited it to my account. No payday loan shit, no fees if I pay it off, fixed personal loan @12% interest

>> No.9470673

>Tfw took out a 50k loan on my house to buy linkies
I’m not afraid

>> No.9470676
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9470676

>>9470622
Also I never even had to speak with anyone on the phone. Not the loan company or my bank. I did have to call my bank to spend large chunks though. The automated system saw me put 10k on coinbase and stopped it but I got a text message asking if the suspicious activity was me, texted back yes for confirmation and it went through after I tried again.

Easy. No interaction involved at all

>> No.9470720

at this point it would be stupid not to do something like this

>> No.9470765

>12% interest

>> No.9470817
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9470817

>>9470765
It’s a personal loan, not a mortgage or cc line

Best I could do

Stay mad that I’m gonna make it based off just holding a winning project though

>> No.9470837

>>9470817
What's your credit score?

>> No.9470857
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9470857

>>9469594
>unironicaly buying link

>> No.9470871

>>9470837
Was 810 now it’s doen to 690 from 4 inquires lel

>> No.9471164

>>9470857
CHECKed

>> No.9471164,1 [INTERNAL] 

yeah, to pay off the loan especially when you bought a house...