/biz/ - Business & Finance

>>16098120
Link can be irrational longer than you can be solvent.

>>16098120
Is this a joke?

>>16098132
LINK has outperformed all real estate classes this year, and it's no secret a recession in the U.S. is forthcoming.

>>16098131
LINK has been hard to ignore. I have watched this project since the beginning of this yr.

>>16098139
I know that I have more Link than you I was saying that you think your wife is gonna let you put any more of your (which might as well be her’s) money into a crypto kek. Women are risk adverse, you will have to get a part time wagie job flipping burgers or scrubbing toilets my man. I gotta ask is marriage really worth it?

>>16098163
While marriage requires joint decision-making and a spirit of collaboration, I would certainly say marriage has made me a better man. Marriage isn't easy, but if you find the right person, I reason why not go for it.

As for the money, I've considered asking that we move in a rather comfortable yet modest apartment/condo and place $30-$40K into LINK (assuming we sell the house). If not, and I merely use equity, I'd opt for a range of $10-15K entry into LINK should the misses be ok with that.

>>16098198
If you have faith in your partner I would share with her what you wish to do and try to slowly ease her into understanding why.

I find women respond much better to opportunities with risk behind them when they are slowly eased into thinking they are part of the decision making process.

enjoy getting bullied into selling at 30% drawdown 2 months after buying and then killing your wife when it goes to 2500 bucks 2 years later

>>16098120
this is a horrible idea. even if link moons and the real estate market crashes and you end up missing out on a fuckload of money you still will have made the right choice by not doing this.

>>16098216
My wife is certainly risk adverse--she's an insurance claim specialist.

I've thought of sharing many of the more salient points relating to the partnerships and the connections found within the Chainlink ecosystem and potentially easing into insurance (an industry she knows quite well) and then Segway into derivative exposure. But whatever approach I take on, as you said, I will have to enjoy her in the decision-making process and consider her points.

My chief concern is the timing. I'd rather have this sorted out sooner than later. I have been in serious thought on this for the past month or so.

>>16098120
OP, as someone who is all in LINK and also a home owner I beg you not to conflate your realistic investments with your outright gambles.

LINK, like ANY legitimate blockchain project, has a VERY high chance of failure. We're all making a bet on blockchain, and most evidence at this point shows it's either a long way off or never going to happen.

Plays like this should only come from money that you CAN AFFORD TO LOSE. It's a fucking trope, sure, and for a 20 year old they can literally afford to lose everything and big fucking deal. Yes there are some psychopaths on this board doing what you're suggesting, but it's ridiculously risky.

Keep your house, keep DCAing in with spare cash. Be thankful for what you can gain. You put that house on the line and lose it you will fucking kys, and your wife will leave you.

sell a kidney dude. that'll easily net you 16k links

>>16098242
I will have to have a serious chat with my wife. I really want to have access to 20K LINK.

>>16098242
>LINK
>has a VERY high chance of failure
What did he mean by this

>>16098263
when you are risking as much as this guy is talking about you want the chance to be 0, which it ain't

>>16098263
Its a scam coin
>muh fake google partnerships
>muh gravel

Listen to the memes friend, they never lie

>>16098269
link fudders are so nice
thanks for looking out for my financial well being
you just want me to make it so that's why you warned me about this scam that could potentially cause me to lose everything
thank you again nice anon, appreciate it :)

>>16098120

According to my calculations if you give 5.2 blow jobs for $10 every hour (8 hours per day) for the next 100 days you will have enough to increase your stack to 20k at $2.60 per LINK.

>>16098260
Why do you want to get 20k of link?
Adoption will probably not happen.

>>16098266
Should one LINK token be worth more than $2.50? If your answer is yes, then why not buy. Literally the best investment anyone can make with the highest possible yield.

>>16098317
The anwser is clearly: NO
WHY?
No working product, Zero adoption (proove me wrong)
Its an actual startup and will likely fail (90%).

WHY SHOULD IT BE WORTH 1B?
EXPLAIN :)

>>16098242
This. Don't fuck up what you have man.

>>16098325
Come up with better FUD.

>>16098335
This.
OP Your decision would be highly unrational.
Keep your house and buy with spare money.
Reduce your living expenses, but do not sell your current assets for link.

>>16098120
>I've contemplated having a conversation with my wife on selling our home or possibly tapping into our equity since we jointly share around $80K over 6 years of owning it.
Ffs man I don't want to sell it all already but this is the biggest sell signal there is.

>>16098342
Why is it fud?
Which projects currently already use link?
Realism != FUD
Please show me all project currently using link with an actual working product.

>>16098343
>unrational
Yep, this guy shits on the streets for sure.

>>16098260
Then pick up a second job and dump all of that money in. That's a much safer way to accumulate. You reduce the risk of fucking your entire life up by about 99% and if it ever starts to feel not worth it you can quit.

>>16098357
So what?
we will be economic supapower soon.
Chinks already reaching for your crown, fellow BURGER.

>>16098120
>I've contemplated having a conversation with my wife
haha cuck detected.

>>16098139
If it's not a secret then it's not happening. You and every other brainlet is screaming the sky is falling. It won't.

I mean I’d give advice but i’m 23 yoloing everything. I’d say never risk everything, it’s a pretty sure bet but black swans could fuck you over. Realistically you’re waiting another year to make the same return. How much do you value the extra risk?

>>16098399
Absurdly low IQ and low test post

>>16098120
Don't sell house you retard
That's the most stupid thing you could do.

OP sounds crazy, although the chart atm look very bullish

>>16098298
>Link Will stay this price for 100 days

Together my wife and I make $180K gross. The living expenses from her pursuing a Masters in Finance have tapped into the money we would generally have for savings. Now, we're down to $6K/month after expenses.

I could tap into savings, but the risk prone attributes she maintains, I know she'd be against it. Which is why tapping into equity seems to be a more plausible outcome we plan to live here for the foreseeable future.

>>16098432
TFW no income, yet owning more than (you) and OP :D:D:D:D

>>16098432
curious what is the price you are expecting to sell link here?

>>16098120
>>16098432
slow down nucoiner.

>>16098120
Fuck posts like this make me feel so comfy knowing I picked up a 50k stack for the price of a used Toyota Corolla and this dude is out here contemplating selling the house and ruining his marriage for only 20k. Gonna be a fun ride.

>>16098450
Ideally $20-$30. I could pay off my home and buy a new car afterwards.

>>16098484
>picked up a 50k stack for the price of a used Toyota Corolla and this dude is out here contemplating selling the house and ruining his marriage for only 20k. Gonna be a fun ride.
excuse me?

>>16098377
I've thought about getting a second job, but we live in a secluded area and the community and neighborhood would recognize me and wonder if there's some financial trouble in my private life.

>>16098516
>>16098494
>TFW priced out
>Caring about what (((others))) think about him.
Not going to make it, sorry pal.

>>16098529
>>Caring about what (((others))) think about him.
>Not going to make it, sorry pal.
You say that but if you were in my shoes I highly doubt you'd take on a second job.

Did you take on a second job to acquire more LINK? No.

>>16098120
No offense OP but you seem slightly financially illiterate. Why would you sell your existing house only to downsize into a smaller place when you could simply leverage the existing equity in your house? You realize by buying/selling you will be paying capital gains tax on the sale, you’ll be paying a real estate attorney and broker for closing costs twice (sale of existing property, purchase of smaller condo). Not to mention the process takes upwards of two months, who knows where LINK is in two months, your house may only get you a 10k or 5k stack at that point. Ever heard of a home equity line of credit HELOC? This allows you to tap into your existing equity and creates a revolving line of credit with straight line amortization. You claim to have $6k worth of savings every month, just leverage as much of the HELOC the bank will allow without over encumbering your debt service coverage ratio.

>>16098550
I thought about to dropping out from my college to work to acquire more link. One anon however told me not to change my life in order to acquire more link as more opportunities will come up.

Just learn to be happy with your stack.

>>16098562
>No offense OP but you seem slightly financially illiterate. Why would you sell your existing house only to downsize into a smaller place when you could simply leverage the existing equity in your house? You realize by buying/selling you will be paying capital gains tax on the sale, you’ll be paying a real estate attorney and broker for closing costs twice (sale of existing property, purchase of smaller condo). Not to mention the process takes upwards of two months, who knows where LINK is in two months, your house may only get you a 10k or 5k stack at that point. Ever heard of a home equity line of credit HELOC? This allows you to tap into your existing equity and creates a revolving line of credit with straight line amortization. You claim to have $6k worth of savings every month, just leverage as much of the HELOC the bank will allow without over encumbering your debt service coverage ratio.
Great ideas, anon. I will bring this up with my wife.

>>16098242
>Yes there are some psychopaths on this board doing what you're suggesting

Jesus, why are you attacking me like that?

>>16098570
You’ll also be paying an HOA fee on the downsized condo. I dont know what market you are in but in some places that HOA can be $300-500 a month. Don’t make an irrational decision on a whim just because you feel like you missed the boat. You’re best bet is to leverage existing equity in the house, after all, that’s why you paid down the principal in the first place.

>>16098570
Can I also fuck your wife?
You can watch but only if you wear a chastity cage
I've got a nice 8.5"x6.5" cock too

>>16098570
If you have 80% equity in your house most banks will offer an 80% LTV depending on your financials. Assuming you can get an 80% LTV, you’re looking at around a $64k revolving line of credit that has straight line amortization at a rate between 5-6% annum. This should give you a ballpark figure of what to expect in terms of the HELOC route

>>16098198
She fucking owns you and your balls. Imagine falling for the marriage meme.

>>16098120
Divorce your wife, sell your house and get 50% of it. Put all of it in LINK.

>>16098484
This. Very comfy knowing I got in early and I dont have to make life destroying decisions like this.

>>16098120
People who aren't already rich have been priced out. If your looking for 20k from 4k, you'll need 32k fiat. You'll have to take on alot more risk to reach that. Maybe swing/gamble on shitcoins it the most recent pump and dump. Don't know how else your going to pull 32k from thin air.

>>16098120
4k is gonna be worth a lot of money. Go enjoy your life and keep adding to your stack when you can.

>>16098749
yeah, i picked up 6k months ago just in case and ive just had to accept that that's my bag and hopefully it works out. im a smart dude. there will be other things to invest in. ah well.

>tfw 10k for a 4k stack
I just want more...

>>16098765
Nothing to the degree of LINK though my friend. Unfortunately for some this will likely be the greatest investment opportunity of our lifetime. Can’t think of anything else that transforms the business model at the DNA level.

>>16098198
>Marriage isn't easy, but if you find the right person, I reason why not go for it.
because of the exact situation you are in right now

>>16098800
> No adoption

>>16098529
This you aren’t going to make it OP

There is enough time left OP

>>16098765
that's cope fren. link is literally the last great investment before the world turns into globo communism forever. get to 10k at least

>>16098484
This. I still want more but I will never have to have this level of stress. 4K is genuinely not enough to make it but gambling your house and marriage is genuinely not worth it. OP is fucked

>>16098516
Get a remote job online that doesn’t involve you leaving the house. Tell your wife not to tell anyone because the optics will be bad for both of you because other people are judgmental retards.

>>16098890
>Get a remote job online that doesn’t involve you leaving the house.
Great advice!!!

>>16098856
>link will bleed throughout 2020
How discouraging

>>16098607
it's love

>>16098864
it's cope but it's also not being retarded with my money. if it's 10k to "make it" i am confident i will be pleased with 6k. im a cookie cutter millenial just trying to live in a van.

6k LINK will be enough to build a mansion by stacking vans on top of one another and cutting holes in them to connect one van to another

>>16098139
>LINK has outperformed all real estate classes this year, and it's no secret a recession in the U.S. is forthcoming.

past success is not an indicator of future performance

>>16098242
Fuck this anon op, bet it all!!!!!

This kind of threads want to make me sell my link desu
Retards selling their house to buy link when we just had a huge bullrun the last year
It literally sounds like 2017 all over again
Even my dad asked me about chainlink
Dont do it anon you are to late

>>16099095
This. Link will significantly outperform real estate in the future.

>>16098246
A genius plan, then once LINK moons you could just buy another kidney.

>>16099128
Lmao, do it retard.

>>16098242
I second this. I'm in a very similar situation as OP. I own a house...three actually because they're rental properties and I hold around 4k link.

Thing is, i ride or die with these 4k link. I might add a few hear or there but basically I'm going to be stuck with 4K as my suicide stack and that's okay. I'll be sad if I lose it...really sad, but I'll be sad if I sell it and it moons. Oh well

>>16099128
Right except LINKs “bullrun” you discussed occurred when the macro market was entirely bearish. What do you think I will happen when the macro market starts it’s bullrun? I’ll give you a hint, this mini “bullrun” you speak of will be a microcosm of what’s to come. Generational wealth is not far fetched assuming you have a big enough stack and iron hands to accompany it.

>>16098120
You only need 10K links, not 20K. You have no idea how rich you will be lol. Just market buy for $15K and hodl one year. It is that easy. You are welcome bruh.

>>16099222
Literally the same platitudes like last year
>just hold long enough
>iron-, platin-, diamond-hands
>generational wealth
>next year golden bullrun

>>16099196
Fucking bet it all you retard.

>>16099196
With 4k you can still make it somehow.

>>16099335
Just have to wait and little longer but not by much.
It's like the difference between 1000 and 500 btc.

>>16098120
you werent even smart enough to accumulate link in the past years but somehow you think a
>pending recession
is going to happen? dont care if youre right or wrong you just sound like a fucking idiot

>>16098139
holy fuck you are just sounding more and more dumb...WE GOT A WORLD GOVERMENT INSIDER HERE GUYS! BUT HE WAS TOO DUMB TO ACCUMULATE LINK

>>16099345
Exactly. It doesn't really matter if you got 1000 or 2000 btc because still, you are fucking rich.

>>16099335
It would be nice to have "fuck you money" but 4K seems like a lot to me already and, honestly I feel like there's only like a 10-20% chance link will hit. Maybe even less. I'd be so mad if I sold though and it hit so here I am

>>16098120
Find an alternative less risky way to get yourself up to 10k link. Then DCA from there

>>16099274
people have been saying this exact thing for almost three years now

>>16099390
Don't sell then.

>>16099408
Yeah because link is not a three year investment you brainlet. We are already 20X up. You think this is bed ? Cool, next year it might be twice or tripple of that.

>>16099425
nice avatar

>>16099413
Never going to sell. Don't worry. I'm in it for real

>>16098608

You seem smart. So let me ask you what I should do. I’m 8 years into a 15 year home mortgage. Bought my house (foreclosure) for $100k. I’m handy I’ve done some good renovation so it would probably appraise for about $130k now.

Financially, I’ve been a dumbass and have been carrying a maxed out credit card debt of $10k for about 2 years. Also, I currently make $36k/yr and been bad about forgetting paper bills that can’t be paid automatically so my Jew score is shit tier.

And the most important thing I’m counting on pulling me out of the rat race are my 45k Links.

SO, what would you do in my position? I would like to use HELOC to pay off my CC debt and improve my score and maybe buy another small stack of Link and flipping it for the short term gains. Do I have a chance of getting the bank to open up a line of credit with me with my bad financials? Should I pay my CC debt off?

I have no savings other than 4 or 5k in my checking.

>>16098120
someone should screencap these threads and laugh when these reddit tier boomers get rekt

>>16098120

You’re an idiot, never put your life on the line for a fucking meme coin, shit dude. I love link but that’s just stupid

>>16099676

t. Jealous Zoomer with no money that will miss out on the 4th industrial revolution

>>16099751
whatever tourist
keep buying my bags and deluding urself

>>16099670
I would think to tap into the equity

>>16099716
>Missing out on the last chance to escape wageslavery because you thought your pitiful 4k stack would make it

1000sat eoy

>>16099999
faggot kys

>>16099999
See this pajeet >>16099777

>>16099999
>1000sat eoy
g-guys....I...I don't feel so good...

>>16098240
Tell her that she will be out of a job (insurance claim specialist) within the next 4 years, due to Chainlink. Explain her what it does, without getting emotional, like: Hey honey, have you ever heard of smart contracts? And kick it off slowly, work her up so that she understands it is a safe investment by showing her Tom Gonser speaking about it, etc.

Either that, or just divorce, and use your 50% to buy LINK now. Don´t miss the boat dude.

Equities will eventually crash, maybe it will take 2 more years, but by then, LINK wont be 2,75$ anymore...

>>16098355
Burden of proof falls on you nocoiner

this guy is redefining the definition of a 10k suicide stack. put in me in the screencap faggots

>>16098550
you're making excuses to be poor. i took another job and also sold a bunch of old shit like video games, magic cards, a motorcycle, and tools so that I could buy more link. i've earned over 15k link from that effort.

>>16098242
>>16098260
Realistically, this guy is right. You need to come up with more creative ways to come up with capital. Maybe tapping into equity is not that bad of an idea, but you risk alienation of your wife. I'm up like 700% on link and my wife still berates me about the risk. The reality is you need to silence those weak female emotions and trust in your own judgement. At least thats what I did and I did well enough on eth and link. Others will doubt you constantly, if you dont have the mental stamina, self confidence and fortitude to control your birdbrain in the dumps of crypto then you will certainly destroy your marriage. But on the other hand, if she restricts you from making the investment and link booms (it will), you will resent her forever for missing the last interstellar mission.

There is no easy answer, if you can stomach a hard loss, I'd suggest taking out CC loans that dont require payment in the first year and put 40k in link. Sell half once you double and let the rest ride.

>>16098145
Look at this new fag.

>>16098120
Seriously dude, be content with the 4k that you already have.

>>16099999
Kys

>>16101542
Why? That's not a lot of money dude.

>>16099848
you're doing the right thing, your property isn't going to go up another 10% anytime soon

draw out as much as you can and put it in link

>>16101542
that's fucken retarded his mortgage is just the same as a margin leverage except the ratio is probably much higher than what binance would allow, and with underwhelming performance

>>16098486
So you're looking at $400k-$500k. If it can go to $20-$30 dollars then it's not a stretch to think that it can get to $100. Don't sell your fucking house, just hodl to $100 for about the same gross $$$

>>16101622
Glad you're not my financial advisor faggot.

>>16098399
Read the amazon reviews for pic related you retard.

>>16101688
no asset is safe or 'sacred' there's a risk and reward ratio to everything and unless OP lives in a gentrifying suburb he's better off derisking his position in real estate

>>16098260
OP you just completely dismissed the only good advice ITT. You're not here for advice, you're here for validation.

>>16098242
This is all stuff people said about Bitcoin back in 2010.

>>16098120
Honestly OP, you’ll probably chicken out and be “comfy” with 4k LINK, but this is a once in a lifetime investment. I’m a 21 year old with 22k LINK and I don’t give a fuck what the boomers say in here, take a RISK! You won’t do it and look back and see you missed out on generational wealth. 4k is fine, but you won’t be truly wealthy like a 10-20k stack.

>>16099222
Checked
1keoy

>>16099408
And if you listened 3 years ago, you’d have made some sweet fucking gains

>FUD
Think about this Chain link partnerships are to start gathering data and build on what they already have going. Assuming any of these brainlets or newbies dyor . This is a test DCA in now in a full on "bull run" this will be a top 10.
for fucks sakes its already on Jewbase

>>16102004

>>16102652
Jewbase tripped over itself putting link on its site ASAP after binance announced no more US customers

>>16098120
If you tap into your 40k then you need to only put 20k into link and 20k into gold/silver also. You can't overleverage on link without having real wealth and savings for when the currency reset happens.

Link isn't going to save you from a collapse in the way that you think. The whole ship is going to blow. And seriously.... you'd be very smart to tap into that equity because housing market is going to collapse anyway

>>16098120
>I've contemplated having a conversation with my wife on selling our home or possibly tapping into our equity since we jointly share around $80K over 6 years of owning it.
Jesus Christ i want to believe this is real