I own a home currently valued at $300K. I've toyed around with the idea of selling my home to acquire more LINK tokens for the past few months, and after the Gonser fireside, I'm truly beginning to think this may be the right thing to do.
I haven't actually listed home on the open market yet, and I imagine that it may take a year or two for smart contracts to truly take off.
This time horizon is something I can wait for. I currently have sufficient savings (slightly less than $200K), I have a career which pays roughly $120K/yr, and I'm in my mid-30s.
Selling my home at the current market prices would land me 600K LINK +/- (this assuming that LINK doesn't skyrocket before the closing of my house).
Would you do the same? Is this a bit much?
Please share your thoughts. I'm a current LINK Marine with a stack of around 80K LINK.
80k LINK is already made it material. At this point you're just being a greedy motherfucker. 600k LINK is obscene and unless you already are a multimillionaire, you shouldn't sell your house for going all in. Yes, it's a solid bet but there's no guarantees. As you are now, you will be more than rich, will continue to have your house and live your life. Imagine there's an unfortunate hack, mega market crash or god knows what...can you take that and honestly say you would be okay with it? I really doubt it. Don't be retarded. You already made it. This from someone with 130k LINK and it's never enough.
>Link delivers 80k link translates to 320k- 80 million >It loses you lose 80k link >Sell house >link fails >You have to start over at nearly 40
user I am a marine as well but this is a very unwise decision. Keep DCA into link or maybe take a 100k out of your savings then call it a day. Puts you at around 130k.
Big risk = big reward but there is a very big difference between taking a risk and being reckless.
