Why are you not taking loans out for crypto?

have thought about this people can max out credit cards into crypto and go bankrupt. free money.

>I get paid enough
>needs to take out a loan to invest another 10k

Haha oh man I know there are some absolutely deluded motherfuckers here, but you're takingthe cake right now. Probably just a shitty troll.

Just for shits and giggles though, OP, why don't you explain how LINK is a 100% sure thing? I have my 10k stack just incase, but I figure we're looking at a 5% chance of link blowing up. Maybe 10% but even that is being way too optomistic

and when link dumps to 2k sat again, what are you gonna do brave man? double down?

I'll invest the rest of what I inherited from my late mother

You're gonna make it, marine.

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Taking a 401(k) loan out for 1BTC and some LINK.

do you retards not know about crypto lending platforms?

you can take out a loan for USDT with NEXO in less than 5 minutes. BTC, ETH, or NEXO tokens as collateral.

nexo.io/

Haha oh boy you ever heard of a budget?

I have $20K in loans on L I N K, and its only $400/month total what I owe for the next 5 years. I'll manage just fine.

Thanks my brotha, I wish there was a way I could invite you to my yacht party in the future. Have a throwaway email?

Well, at least you're not taking the loan at 20k.....you're still fucked though.

Just created one: [email protected]

I hold 30K myself. Gonna sell half and stake half, quiting wagecucking forever. It's crazy how people are not seeing this, but i guess some people hate money.

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Get a load of this guy

I basically did when I used my credit cards to buy crypto in December/January. Currently down 70%. Pretty soon these interest rates are gonna ruin me.

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S

how old are you

I did this last bullrun with a 20k loan and hit over 600k ath. You just need to time it properly. Sitting on 5 mill Vechain atm.

C O M F Y

Get me in. Throwaway54321@protonmail

i bought 23k link with the banks money.

23. Had 450% gains and didn't cash out a single penny. Didn't tether because of the tether fud and I didn't want to hold useless tokens. Ironic because as it stands my investments are useless tokens.

Fucking tempted man I took out a 5k loan back in February to not have to even touch my stack kek thinking of taking another 5k loan to buy the alt dip

If you are willing to wait until 2020-2025 why wouldn't you just gradually accumulate with money you earn from income as opposed to taking out a loan? If you assume 2020 is in ~20 months, that comes out to just $15 a day that you need to put away to accomplish the same goal.

You're literally paying (likely double digit) interest on virtually nothing, the point of a loan is short term, to get something NOW. You are going to wait until the loan reaches maturity at which point you will have paid ~$1,000.

Jesus christ this is the most retarded fucking post I have ever read, I just keep re-reading it to myself while typing out this post, absolutely infuriated that people this retarded exist. And its so typical you're holding LINK too, only someone this fucking mentally handicapped could make such choices.

Literally eat my shit you stinky linky

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I'd imagine that op would sell a portion of his stack to cover the loan as soon as goes parabolic

top tier risk management lads, good on you. seriously, congrats on this

No cure for stupid

makerdao

I agree, OP and those like him are fucking retards and will be forever poor
>muh fucking loans to buy shitcoins
what a joke

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To frens seriously considering this... please first invest in the book "Antifragile" by Nassim Taleb. Don't get yourself into a situation where you can get completely rekt without a means of mitigating your risk. You CAN still significantly increase your potential upside without totally risking destroying yourself.

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This implies that there will be a singular point in which link will moon. That won't be the case. It will go up and down and up and down and up and down. He will be able to pay off the loan comfortably in less than a year.

I unironically took out a $100k loan towards the beginning of the year. Not doing so hot right now but it'll pay off by 2025 when the loan is repaid.

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based

His 5 year range insinuated that he is planning for a moon starting roughly in 2020. I can see how you would think my proposed model suggest a linear rate of growth, but such is not the case. It would actually still be more convenient to accumulate over time because buying in within one time period increases your risk exponentially, especially since we aren't even at the end of the downtrend (I'm not a permabear, but lets be fucking honest for one second, we are still making lower highs & lows) . All of this on top of the fact that most people are in agreement that the next bull run in crypto wont be until 2019-2020, so he would still be better off saving his income. On top of this he put all his money in a risky shitcoin instead of at LEAST diversifying properly.

I'd say the chance of him killing himself is substantially higher than are his changes of getting rich off this idea. And I say that not because $10,000 is a lot of money, but because he clearly overleveraged.

Way ahead of you.

I took a loan of 100.000 swedish kronor.
10k on XCM (Coinmetro) and 90K on link

L2p

They will definitely support swift by then
2020 is years from now boomer

yeah it's so risky taking a shot on a potential game changer with a $5000 loan. you must lead an exciting life user! absolute worst case scenario it goes to zero and you have to work a few months to pay it off. oh no. best case, you sell 10% of your stack when it equals principle. taking out a small loan to buy the bottom of link if you have no cash is literally the definition of low risk, high reward.

i can just imagine some poor cunt who has balls the size of raisins, like yourself, sitting poor when link moons and they didn't have any cash to buy any meaningful stack at the bottom, while their peers took a mickey mouse loan out to buy a 20k stack and are now millionaires.

you're a boring fucking idiot .

First of all, if you weren't poor as fuck you'd already have $5,000 to your name. Second of all, I hope you realize how you look right now using adjectives like boring & exciting to give financial advice, lmfao. And lastly, LINK is never going to moon because its a shitcoin run by a fat Russian faggot who has a philosophy degree. You stinky linkies never cease to amaze me, every day another treasure to read. You're worse than Digimarines and arkies combined.

unironically one of the few people with a working brain left on biz, you’re gonna make it user

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the only reason i took the loan out is because i just spent two years traveling the world after quitting my $200k/yr engineering job, which if I really want, i can go back to at any time. so don't worry about me thanks, i'll be fine. i also bought link at .20 so I'm already up over 50% on my big scary risky investment. if you're not an idiot, taking out a small loan to take advantage of clear opportunities is perfectly fine. also, not sure where you read the word exciting in my post, i was directing it towards you and since you're a boring cunt who probably jerks off to risk management schemes, that word wouldn't be found anywhere. lastly, i hope you realize how you look right now using adjectives like fat and Russian to give investment advice, lmfao. eat shit faggot

I like you user you make sense. I've been putting $500+ a week into stocks and making for a month 1% a day so far. What should I do with my next 1k I've been looking at crypto but honestly dont know where to begin with them and I get the feeling that most of them are garbage bets that are promoted by people who are heavily invested in them.

because most people here aren't millionaires that can actually afford to loose 10k.

Im done accumulating link i feel like with 30k im just throwing money away and gambling if i get more

Its too much

t. Linklet

If no larp, how much is your interest on the loan?

One is at 9.9 APR for 60 months, the other is 9.7 APR for 60 months.

[email protected]

Let's do it full boomer ACDC MONSTER.

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Degenerate gambler

Don't do this it makes mustard gas.

>dude I'm so rich bro trust me I have no reason to try to seem cool over the internet

Good one lad

[email protected]

Also took a loan to buy link with part of the loan being in BTC as a "hedge" and 5k reserved for repayments in case something happens me and I can't pay for a while.

Definitely a risk I'm willing to take. Already up 13% on link. I'm sure it'll be a roller-coaster though

how do you get USDT?
I only see credit card or bank transfer. I just want straight USDTs that I can deposit straight into binance.

Hate to tell you this OP but every time I buy, the market immediately dips.

I am. Here's what I do (roughly):
>Buy an Eth.
>Use Nexo.io to borrow an additional Eth.
>Stake that additional Eth in a MakerDAO, CDP, get DAI
>Use DAI to buy something I know is about to pump. Do the trading thing.
>Pay down the CDP. Once cleared, I now have an Eth plus profit.
>Add Eth to the Nexo.io stack (OBV interest deducted), repeat.

Why bother with the Nexo step? Because you can get a debit card, so I can access profits without cashing out. Oh yeah, and the Nexo token is a good hold, passive income from loan fees (Maker is too of course). Obviously, a high risk strategy until you really get things.

>t. What is opportunity cost?

Not gonna make it.

id say nobody is dumb enough to take out a loan for absolute shitcoins like link. at least put a portion into btc/bch but this is biz after all so i guess everythings possible

Mechanical/mining engineer checking in here. Agreed life is on ezy mode

What interest rate are you goys borrowing at?

lmao we are the same person user. i also took out a $10k loan just to buy LINK with.
i also have a friend who took out a $3k loan for LINK
we'll be millionaires in the 2020's

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I read this book about poker. It's not gambling if you know what you're doing.
>not living an exciting life
pls get on my level plebs