If there's a bull run, this is how I will not fuck up this time.
> On every 20% ($10k) profit:
> Leverage $3k worth of eth, get out $2k worth in DAI/USD as a collateralized loan (MakerDAO) > Keep the $2k on hand to invest into a offline non-crypto business venture > Pay off leveraged loan with offline venture's revenue > Use revenue to DCA on another bear cycle
Constant wealth circulation, no need to ever actually sell my Crypto Will be save and comfy even in a prolonged bear cycle.
I am 9% away from taking out my fist $2k. Be safe like me and take this route user.
wtf are you talking about wog boy? what is a fucking DAI?
William Bennett
I don't think there will be another bull run. At ath btc market cap was bigger than Samsung's, and for what? Literally fairy dust. I hope I'm wrong but I don't see it.
Nathaniel Myers
MakerDAO is a decentralized collateralized credit system. It lets you take out a $ loan with ETH and withdraw DAI (which is worth 1$ like Tether or tUSD). The DAI again can be used to purchase more crypto, or cash it out. As ETH is collateralized and not sold, it will remain in the system, attached to your Metamask wallet. So once ETH starts going up again, the loan pays itself off. Of course, ETH may not go up again, but other Crypto's are planned to be used for collateral.
This discussion is age old. Been here since 2013, people proclaim that "this was it". After every bull run, just for those people to disappear on the next cycle. For being here since 2013 I have little to show, because I am retarded, but this time around I'll be a little more strategic. If there's a bear cycle, then there will also be a reverse. If we did not leave the bear cycle yet, then we will see the reverse later. No doubt.
Hunter Howard
2017 everyone and their mom found out about crypto Everyone tried to get rich quick scheme 99% got burned and are out of the market for good We were on a parabolic trend for years, crashes didn't take us out Well this crash did, so there is possibility this will last a long time Not saying there won't be some recovery on the way where we go up 1-2k on btc but i have serious doubts of another 2017 bull run coming any time soon
Austin Ortiz
I found out about Bitcoin in 2013. Started living off Crypto in 2014. Bubble and bust hit us 3 times since then (?). Still here, nothing has fundamentally changed. Every cycle people get bogged, every cycle people get lambo'd. I have been keeping 80% of my trading stack in, and despite of getting bogged also, things are still working in my favor The HODL meme works as well for me as it did in 2013-2014-2015-2016-2017. As time goes on the only thing which increases is doubt and FUD from people who joined the last cycle late.
James Bell
Currently have 4700 dai loan on 60 eth collateral. I cashed it out to live on, but now I'm thinking of adding another 140 eth collateral and taking out 7300 dai to buy eth at this bottom.
My concern is that weth-to-peth is a tax event and I'll owe more in taxes next year than I'd like to. Also a concern is that if the price keeps dropping, I'll be forced to add most of my entire stack (2736 eth total) and I don't really want to jeopardize that.
Should I go for it?
Lincoln Cook
Nice user. I was thinking the same. Except that with the loan drawn, I would put it in dividend paying blue chip stocks. Comfy annual returns. Dividends paid are more than the total interest accrued from loan
Kayden Murphy
It depends on your forecast of future markets. If you expect ethereum to rally by next year, then it would be a very smart choice to make.
