What’s the bottom? 9200? Help me out TA bros.
Knifes are falling everywhere. For once I’ll be greedy while others are fearful. A quick reversal will surely double my money in a couple weeks.
What coin do I buy? Target price? Any ideas?
If kek speaks through the trips, I might listen to him.
Other urls found in this thread:
>buying bitcoin on a loan
Please close the account and don't borrow money to buy bitcoin. I hope you're joking.
Chainlink obviously
I work full time at a good salary and got no debt. 20k doesn’t seem like a scary sum to owe. I could repay it in one year or two. I just don’t have it right now. I’d rather have paper losses for a while than be too late to buy before the golden run. Does that make sense? I trust you boyos. If you tell me it’s not the time to buy, I won’t.
$20k is a lot of money to put in to a crypto, especially if you don't have it cash to lose. I've got $1000 I play with and that's about it. I buy when it goes below $10k and sell when it goes above $12k.
I shall speak.
Buy link
Get rich
>going $20k into debt to gamble
shiggy diggy
You'd be much better off taking a course on stock trading or commodity trading and buy on margin. Or maybe save $20k and while you're doing that learn how to swing trade in the stock market.
Lol op, enjoy poverty
ETH
This.
NEVER BUY STOCKS OR CRYPTO WITH A LOAN.
If you must borrow money, use it for a house or a car. I personally don’t take lines of credit from banks anymore.
>fearful
no one is fearful you ADD brainlet, this garbage is overvalued as fuck. fear comes when this shit starts trading below 6k
Unironically never gonna make it
Do you have any you recommend? I’ve read that only 1% of professional traders end up beating the market vs investing in low cost ETFs, which I’m already doing.
> taking a loan and buying this cycles top
Oh boy, you gonna feel the pain
>I buy when it goes below $10k and sell when it goes above $12k.
Your IQ is the first 2 digits of your ID
Why would I take a loan to buy something that I don’t want and will depreciate in value (car) or be illiquid and require maintenance (house) instead of maybe seizing the opportunity of a lifetime?
I'm not trying to make it with crypto, I'm just playing with the money.
I went all cash in my brokerage account after the first day of the market dropping. I'm waiting to see how low it can go and then get a bargain on "too big to fail" companies. I made a killing on Ford and Bank of America after the 2008 market crash.
lmao if you want to fuck up your life might as well go all in and invest in all of the poojeet coins
You should just keep buying, not swinging. Swinging is gambling.
I hold in my 401k, in my brokerage account I try to make money if I can. The 401k is for my retirement, the brokerage account is for luxuries.
>judging lucky double 8s.
he's gonna make it
I’m kind of disappointed with the answers here. How much debt do each of you have? Unless it’s 0 too, what does it matter if I take a loan for something that might actually pay off? Again, I wasn’t asking if I SHOULD do it. Merely, what should I pick?
Only you can make the choice, but XMR and BNB are always quite stable and will always bounce back, buy now while it's still a bargain. BTC is a gamble, but can pay off very well too. Again, only you can make this decision
Hes not 20k in debt. His assets and liabilities both increased by 20k when he took the loan.
>How much debt do each of you have?
0
>what does it matter if I take a loan for something that might actually pay off?
because of the alternative
I'll help you for a $250,-
Willing to sign a contract where I pay you $250 once my 20k doubles?
This will end well, lol.
No, hey, more power to you, but you're on the hook now for your gambling addiction. As long as you can make the vig + payments every month, they'll let you keep your shit.
Mm no not really. I'll be doing you a service and I want to get paid providing that service. You can leave a throw away mail if you like. I can show you some stuff to get you interested.
Put a buy order in at $1,500.
Look I'm going to say this now. I can't guarrantee you the future. But I can help you find places where it's optimal to enter. Or you can just DCA in... I'd recommend just DCA'ing if you're not willing to pay.
I can get you a 10% in a week, and I'll take 10% of your profits. You'll essentially be making 9% in a week if that's cool w you
Wait a year and buy BTC at 4k
People are gonna dump crypto when shit hits the fan
>got no debt.
Those days are over.
OP, it just retraced 40 percent, so a market buy here is safe and profitable. Waiting for lower is the greed that will get you.
What kind of nigger buys bitcoin with a 20k loan? Least you could do is use a portion of that on something sensible. I assume you're not going to go all out 20k into some obscure Internet currency that may or may not go up in value?
What exactly retraced by 40%? Market retraced by 30% and btc by 25%
I'd be more interested to see the terms on that loan. I bet the OP didn't even read them, or would be able to understand them.
Also, for those who don’t seem to grasp the concept, I OPENED UP the line of credit. I don’towe a single penny as of yet.
3.95% is also incredibly low. If I pay it in 2 years, that’s only 21.6k. What’s the difference between that and investing 20k of my own money now?
$8500; make an account on Bybit (use VPN if burger) and open a long for x2 or x3. Profit
It doesn't matter man. Debt is a tool just like leverage is. used properly it can reap amazing results. used poorly and you can hurt yourself quite badly.
It’s a line of credit from a legit institution, dude. Also I get this rate beacuse I “fell for the college meme” and got a valuable degree.
3.95% yearly, so 0.33% monthly (interests are not compounded). Need to pay a minimum of 3% of the remaining balance each month. I’d be able to pay 900$ per month, which would repay it in less than 2 years.
elaborate
Buy 1 BTC. That should be 50% of your portfolio.
25% LINK
10% ETH
5% binance coin
5% top 20 altcoin (NEO, Monero)
5% random low mc shitcoins (BRAP, VOID, SHOCK)
Troll answers will be disregarded.
I took out a $5,000,000,000 loan at 0.03% interest and just put it in bank account that gives 0.6% interest. I'm you're typical multinational corp. I'll mostly just be buying back shares owned by various billionaires to hoard overseas.
>fell for the debt meme
nice going goy, get more debt
That's a good deal. What bank do you use?
Chainlink brah
do yourself a favor and go market-buy a bunch of Cruzbit on Q-trade, then set a buy order for around 1000 sats for the rest. thank me in a few months for your first 10x
what bank gives 60% interest you faggot
How is it trolling fag. 30% retrace from 12k with 50MA and 55MA near $8500 on the 3D. A long of x2 or x3 assures you won't get liquidated till 4k (if it ever reaches there) and you will be able to pay the loan faster.
But you're welcome to be a poor fag with debt
Lmao you are retarded.
Start layering buys.
If you want the easiest strategy, start buying every day, so you can just average out to decent price before it breaks out. Don't worry about a few %, it won't matter in long term and you're more likely to lose trying to get the perfect entry.
Don't do it. I took out a $100k personal loan in early 2018 because I thought the dip was about finished. Now I'm down like 70%. I wish I was larping.
market top right here
Well it doesn't count if you're just stupid
Hahahahahaha fuck you landscape
This, just DCA. Or spend $250,- and I'll show you where it's lucrative to get in.
>n00p
>p00
Your ID betrays you, Manvinder.
if you have 20k to just throw away just get 2 btc and the rest in link. i cant think of much being riskier than trying to time a bottom with a loan. you need to decide before you do it what it is you want out of it? 100% gain? 200%? 50%?
the only correct answer here.
With the addition of actual use right now (docusign) and the only crypto google has ever tweeted about, you cannot go wrong.
Please be true.
Sorry. Margin on a loan seems too agressive for me. Like I said, I don’t mind the paper losses but I’d rather give myself a chance not to see it go to 0.
Sorry for you user. Hope you make it. I know you’re speaking from experience, but to put things in perspective, now is not early 2018.
L
M
A
O
do not fucking go all in on the dip until HYG rolls over
Thanks for the suggestions. I think I’ll go down the 50/50 btc/link path. I’ll only buy half this week, and dca the rest in the upcoming weeks. I’ll see what I do.
I’ll need to read up more on link. Easy enough to see that it’s not a meme lol. I’ll also need to dive through their doc since I’m pretty sure I’d be able to run my own node.
buy bitcoin right now
HYG?
fucking idiot
the question is why can't you just DCA accumulate like everyone else? are you poor?
Where do you expect the market to be in 2 whole years?
You need ETH
take out a 50k loan and open up a 10x long on silver, retire in 5 years
or, take out a 50k loan and buy Chainlink, save a % of your portfolio to short and accumulate, and launch a node to stake and get passive income, so you never have to sell
blockchain eggnostik
It is unfortunately true. I would've offed myself if I didn't already make a shitload of money from work.
Don’t do what this guy in my telegram chat did
This was in 2018 when eth was $900
What is a place I can open a "credit line"? Is this a card or what?
>catching a falling knife on a loan
You deserve what's about to happen.
You need to DCA and stop being retard.
A bank... It’s not a card, it’s an open-ended loan. You can basically transfer to/from it as you wish from your regular account. It’s interest rate is way lower than a credit card and also lower than a personnal loan (since it’s harder to get). Rates will vary per person.
Did you read the rest? I’ll buy half and dca the rest. Wdyt?
Seriously, don't do this, this is the worst sort of idea
Dont even buy half. Wait, patience. Buy ETH @ $135 ride the bounce put profits into BTC