I'm in about 9k in credit card debt

I'm in about 9k in credit card debt
Not crippling
But still lingering
My portfolio is about 15k
Do I do the smart thing and pull out the 9k and pay off my debts
Or do I let it ride because that 15k will inevitably grow in the next couple years
The credit card payments are manageable and aren't really hurting my day to day life
But I would also like not having those payments
What do?

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wtf, user
you should never be in debt, always pay off loans first

This is the thinking of idiots who don't understand the concept of leverage.

If OP has enough money to survive and continue paying off his monthly payments, pulling out $9k of crypto would be one of the worst decisions he could make. He would most likely kill himself when he realizes he could've been pulling out $90k EOY.

that is kinda the reason why im thinking of just letting it ride.
i make enough to still pay bills, pay those cards, and live happily
just knowing that balance is there sucks

Clearly you made up your mind before asking, you do you

I have 1k cc debt and 25k in crypto. I'm gonna pay it back when I hit 50k on the recovery up to ath. I think maybe may5 if everything goes as it should.

Similar situation and I'm just letting it ride in crypto

The plan is to pay it off once the debt is

Pay debts in case crypto tanks. You still have 6k.

OP I was in the exact same situation, same portfolio value and debts
seriously pay them off now, I wish I would have done the same thing
now I'm left with a 1k portfolio and 9k debt I'll have to wageslave my way out of
please OP, listen to this user you don't realise how lucky you are until you lose it
save your future self the regret of losing it which will far outweigh the regrets of cashing out early, trust me

also see

I'm in the same boat user, I'm going to let it ride until EOY and reevaluate then

200k portfolio, 20k CC debt and 55k student debt

Am I gonna make it?

paying off debts would the smart thing to do

i watched ~$150k crypto portfolio fall to like $80k earlier this year, thats a lot of fucking gains down the toilet and money I could have put towards better things. You'll be miserable if your portfolio tanks to like 5k in a month and you could have paid off your debts and still had some invested.

I'd withdraw the full 9k and then cut up the credit card - don't pay it off and then max it out again. Not living with debt has also been scientifically proven to significantly improve quality of life

Let it ride for the current market cycle. If your portfolio doubles, immediately pay it off though. Make sure you take out money for taxes too.

Pay it during a bullrun. That is all

>will inevitably grow in the next couple years

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if they aren't hunting you down, dont pull anything out

try get a job and pay it off that way

you dont sell your investments to pay off a short term debt problem, thats retarded

I'm 45K in debt with zero savings and 3K in crypto. Eat shit all of you.

Lol.

This is why I haven't used my crypto gains to wipe out my 30k college debt. It would be nice to do away with those monthly payments, but I'm not hurting for money at all and I would incur a massive opportunity cost losing that 30k.

Only invest money that you can loose.
SO PAY YOU FUCKING DEPT YOU GREEC PIECE OF SHIT

Idiot, I had no debt but I recently took out a 3 grand cash advance and brought into ChainLink when it was 25 cents.

Guess what I could cash out half that stack right now at 50 cents and pay off my credit card and I will have gotten free LINK.

But why the hell would i sell this early. My job can afford the meager $500 monthly payments.

Nah, I'm gonna keep the balance. The gains I made during the bear market btfo the interest expenses and it's only getting better

Whew lad, 44k in debt, just leased an new car for $400/month and applied for $750/k home loan. I have $15k in crypto, 10k in bank.
FICO score is 820 so I can basically live of of credit the rest of my life as long as I can keep making my minimum payments. Dont you guys know this trick?

1.5k debt 0 cash 550 from 400 in crypto. I just hope one day i wake up and I have 2k

How much risk are you willing to take?

9k can be alot of money for somebody. People have done alot higher risk investments and fucked up. Losing their hours, car, everything.

Question is cam you recover from 100% loss? If that 9k can be payed of in relativly short span of time after you lose everything, then risk is managable.

If you cant, and will fuck up your life, its not worth it.

Mutt detected

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he right

ok i've never been in debt but don't pull out of crypto.
1) even if you go bankrupt the bank can't seize your crypto assets.
2) 9k is nothing, just get a 0% interest rate balance transfer to another credit card. then you don't pay interest for 6 to 12 months and maybe only have to pay a tiny fee to move it. the other option is to get a line of credit that's a lower rate than your credit card APR

I owe almost $9000 on a credit line but it's way lower interest than a credit card. Plan on putting a big chunk of my pay into crypto and 2-3 hundred a month on the debt. There's no fucking way I'm going to miss the opportunity to make money because of a stupid debt. If it blows up in my face it's not a big deal