Portfolio consists of VEN, OMG, NANO (what a steal right now) DCR, BTC, ARK, ETH, XMR, ELA.
You faggots can fud or joke or whatever but I will be worth millions in a few years. Minimum payment on my debts are not bad and I recently got a 6 figure wagie job, so I can manage it all without tapping into my crypto. The hardest part is not buying more right now with the little capital I have left. If BTC goes down, I'll keep DCAing in $100-150 weekly and if it goes up quickly I might try and sell 30 percent of my stack at 100 percent profit. (Around $15k BTC)
why not just pay off ur student loans and keep the rest into crypto?
seem like a stupid idea putting everything u have into crypto.
Carter Edwards
You have $40K In debt which you could hypothetically pay off rather quickly with your “wagie six figure” job. On the basis you appear to be very poor managing money, have no savings, and have CC debt, no you are not going to make it.
Leo Scott
Bruh. You need to get rid of the debt. Holding it just cost you money. The sooner you pay it off, the less premiums you pay...
Finance 101.
Ryan Long
>taking financial advice from someone who can't pay debt >being impatient in a market which is clearly going down for the next year >going all in this far before the bottom
crypto is 95% of my net worth but I'm still contributing more to my debt every month than crypto, it just makes more sense right now because my debt will cost me more in the long run and crypto will be cheaper by the time I'm done paying my debt anyways
I just graduated college May 2016. What the fuck do you expect? I'm better off than 95 percent of people in my shoes.
Jonathan Miller
Meant to say May 2017... It's legit just been a year and I started the job in January. Worked random $20/hr jobs between graduating and getting hired onto my current job. just hourly stuff until I found a good long term career
Anthony Foster
Because they are average of 3.7 percent interest rate over 10 years. You wouldn't be able to get a 10 year 25k personal loan with an interest rate like that if you had a 750 credit score. (I know because I tried) haha
Lucas Wood
You will lose all of your money in these useles shitcoins. Dump all for BTC before its too late.
Ryan Sanchez
Um these useless shitcoins took me from 6BTC to 11 BTC in value.
Adam Rogers
I have absolutely not accumulated all the coins i need to.
Checking acct. $10k Credit card debt $0 Student loans $0 (lol cuz i am white cisgendered male and check muh priviledge). Crypto $86k House $180k
>pay of student debt which is costing a relative minor fraction of total income >cannot use that 26K anymore to invest and potentially receive very large returns >extremely asymmetric risk return, highly profitable to use money to invest instead of pay off debt >literally how finance works, issue debt to invest
What is investing????
Julian Carter
this. are you guys fucking retarded? with a low interest rate why the fuck would u say to use crypto to pay off the loan. maybe pay off the credit card debt if anything (exorbitant int.rates) but keep the loan and make minimum payments on it
t.doing the same thing.
Hunter Rodriguez
how did you get such low interest on your loans?
Julian Nelson
Doing the same. 40K student debt, 0.01% interest (thank you government). 30 years time to pay off.
>Ah jeez made 400K in crypto last year with 10K investment >Let's take a significant part of the profit to pay of a extremely manageable debt even if crypto goes to 0
Connor Ward
should i refinance my student loans, my interest rate is high as fuck compared to that
Ryan Roberts
Typical 12 year old millennial mentality of people who don't know how to manage their finances.
$7,000 in CC debt, also refereed to as the worst kind of debt to have, which historically has an APR or 17%-22% per month. Every month you don't pay this off, you are losing money. $27,000 in student loan debt, same scenario.
Every month you pay the minimum on these, you lose money. But hell, lets throw it all into crypto
Inst
Adrian Diaz
No silly goyim why would you ever want a lower interest rate?
Wow great response, you must be head of the debate team.
No, I study MSc Quantitative Finance I understand the idea behind debt and paying off debt trust me.
I am not talking about high interest rate debt user! I am talking about low interest rate debt i.e. student debt. Read my post.
My argument is based on the logic that there is an extremely asymmetric investment opportunity. With high interest rate debt that opportunity is not available, so YES then you pay off debt because you are losing money jeez.
If extreme logic gets you painted as a typical 12 year old millennial then I am fine with that.
So after reading this, do you want to change what you said user? Or do you still don't understand what I mean with the difference between high and low rate debt and asymmetric return rates vs risk.
>Every month you pay the minimum on these, you lose money. But hell, lets throw it all into crypto >WHAT IS INVESTING, ISSUING DEBT AND OPPORTUNITY COST
I had a credit score of 830 and couldn't get a personal loan rate lower than 5.5% for 10yr. I checked too. Student loans are basically free money, you could just turn around and invest them in ultrasafe index funds and still make a profit on them.
Henry Lewis
>typical 12 year old..blablabla >post meme image and doesnt respond to a well place critical argument
Exactly. There is no point in paying anything other than minimum payments on them. Mortgage is the same way. Forgot to say I own a $230,000 home with about 220k left on the mortgage at 2.6 percent.
Luis Brown
Yep and in NL it's literally free money because of 0% interest rate
