I am unironically considering taking out a $75k loan to buy 21 BTC

would this be a good idea? i know its a risk but then i would hold for the next 5 years and see what happens

Attached: 51c.png (658x545, 210K)

DO it

>would this be a good idea?
it could be

you stupid piece of faggot!

wait until march and save 54k!

Would be a much better idea to put it in LINK, if you want to play it safe in your mind go 50/50 btc/LINK

wait to see if it bounces on 3k or not. If not, wait until it reaches 2k

Do it, make sure the loans are unsecured, then "lose your private key" and declare bankruptcy

>wait until march and save 54k!
>wait to see if it bounces on 3k or not. If not, wait until it reaches 2k

listen to these anons op

Yeah sure, go long now, being in debt it the way of the burger.

bad idea because BTC is now a terrible altcoin and shitcoin

wait until after mt goxies get their BTC and many of them dump them late february

100% bear signal. Everytime.

no because not only will you need to pay an interest of approximately 7-10% on that loan, if not more, you'll lose it all because BTC is unironically going to zero

kek

if you have the ability to pay that off easily with no sweat, then fuck it go for it who cares. if 75K is a lot of money to you, no.

for loans that big dont you usually need to apply for them? what do you even say when you want to take out a 75K loan. "ah yes im going to invest this in a volatile speculative asset class"

And what takes its place?
Im guessing IOTA

Honestly not a bad idea if you can get a rate under 7%.
Thats only like 4k a year on a decent gamble to retire within 7 years.

either way you're gonna end up a billionaire so it doesn't really matter. go for an even 80K and then diversify with some shitcoins too.

>not nano

>asset class
>asset
>bitcoin
wew

>>>/rebbit/

Attached: 9EDF9E9C-E63A-4296-AADD-00975CDB9799.jpg (720x736, 32K)

how would one go about doing this if you are a 30 year old NEET. asking for a friend..

Attached: 1510560042050.png (655x509, 42K)

Don't take anything for granted in the crypto space. I took out a personal loan in early 2018 because I thought I was buying the dip. Now I'm almost $90k in debt with coins worth only $25k. I was prepared mentally for this nightmare scenario playing out but it still sucks balls.

Attached: sofi.png (852x110, 7K)

Attached: 1541954703897.jpg (1280x720, 64K)

lol so this is who bought my bags. don’t worry user I enjoyed your money very much wagie

Attached: 2E8F8A44-CCE9-41D9-BB12-234496A260AB.jpg (980x1040, 138K)

You sure got me.

Yup, I bought up all 3 of your ether tokens. Poorfag.

>calls someone a poorfag
>took out a 90k loan to by bitcoin
what did he mean by this?

It means I wanted to buy the "dip" without for my wagebucks to slowly come in throughout the year.

Attached: mint.png (467x499, 14K)

without waiting*

Ups driver here that makes as much as you ironically

Damn Pham, I couldn’t imagine paying that monthly payment to pay back your loan. Good luck to you. What are you holding?

Invest in a real crypto currency

Attached: thumb_jahcoiin-the-currency-of-the-future-2018-benefits-of-jahcoin-39917572.png (200x285, 19K)

nice. is that gross or after tax income?

Op I took out a 25k loan and put it all in XRP at 35c.
This will make me a mill in no time.

One thing I strongly advise you do is to take out Loan protection insurance is the bank is able to offer it, will save you 140ish days no repayments if you need it, I regret not taking that option to help out.

After tax.

When we hit the bottom it will last a couple of months
Id say wait a few months and see if the price drops a lot

Wait for below 3k

OP, please get any job and dollar cost average into crypto, like maybe 10%

Make a portfolio of shit coins if you do this. You will regret it if you don't.

take a loan of 25k and long it 3x
you will lose everything anyway so why bother overpaying?

How?? I would never be able to get a loan from a bank for 75K to buy Internet tokens

/thread

Right and if those Coins ever move you’re going to jail nice

>i am unironically considering taking out a $75k loan to buy 21 BTC
stupid beyond reason

>would this be a good idea?
no
>i know its a risk but then i would hold for the next 5 years and see what happens
beyond dumb

Nocoiners, never change lol

Its not the worst idea, but you need to make sure you dollar cost average in (2k every Wednesday), also ONLY BUY BTC with it.

Attached: 1547792107969.jpg (1291x654, 125K)

I made that mistake at 6-7k luckily it wasn't with debt
Still buying 2500 every other month depending on the dips and whatnot

BTC will never be used seriously. its a meme at this point. its slow, old, and expensive. a bank is literally better in EVERY way besides the corruption

Eth is going to flip BTC. Pay attention to the fundamentals. The information is out there.
>Maker
>ICOs
>STOs
>Difficulty bomb
>Casper
>Hundreds of projects running on ETH

I say do it OP but DCA and budget so you don't go bankrupt
I think we'll pop out of the 3-4k cycle by July based off the halving meme cycles

My big break was winning 20k at the casino and going all in bitcoin in late summer 2015
With luck you can be a wealthy neet too

Eth cant even release constantinople

>he fell for the buy the dip meme

what's the plan for when bitcoin goes to 0 and your wife leaves you?

Attached: 1547686655138.jpg (1080x1244, 670K)

That's a lot of risk. I recommend starting small, 75k is already a lot of psuedo jumpstart, it'll eat you up faster than you can wageslave for 5years and seeing that you're asking Jow Forums, you're not that confident of your prospect.

we've been bouncing around 3.6k for a couple of months now, have we not?