/biz/ - Business & Finance

>>19521347
I have the same 590 unpaid debt on my credit card since 2018,

all my money and student loans went into margin trading

~830k in CC debt
5k in Link

Help

>>19521347
anon... either claim bankruptcy or just stop paying all but one & let them charge off - otherwise you're the jewman's stooge

>>19521347
300k link
15k debt on credit card

70k in LINK
10k in CC debt
I even owe my dad some money and showed him LINK after google pump last year, not only has he let me keep my linkies he has acquired some for himself and talks to me about the TA all the time. I'm gonna buy dad a car when it we make it.

>>19521347
Deposit link on aave
Take 25k Dai loan, change to USDC, cash it out and pay your loan.

Your liquidation will be 66 cents, link will never be that low. Pay the dai back when link moons.

>>19521347
same bro, 2k link, 900k cc debt. not larping btw

>>19521564
based
I bought my dad a car with some of my crypto gains in 2018.

>>19521603
Dont do this it's not worth the risk. Aave is low liquidity link might only crash to 2.89 on CB but it might wedge down to 0.1 on aave.

>>19521715
You stupid cunt, firstly it’s the 3rd most liquid defi platform after maker and compound.
Secondly it utilises link (you know, the thing you hold but know fuck all about) to receive broad price feeds so it’ll follow the general market in price moves.

>>19521347
Why don’t you pay off your balance everyone month like a normal human being and just get the free fucking points

>>19521347

>>19521426
Should I bother paying my closed accounts? They just closed my CCs today, should I wait until I get a call from collections I assume?
>>19521431
>>19521564
Based.
>>19521603
That’s seems like a good idea but I generally don’t trust DeFi.
>>19522056
Chainlink will bring me much more than some puny credit card points. I’d rather have 200 LINK than some airline miles. >>19522069
Oh yeah.

>>19522299
>hold link
>I generally don’t trust DeFi

AMATERASU

>>19521347
What's the trick for buying cyrpto with credit cards?

>>19523084
Send money through Venmo or cash app to a trusted friend and have them send it back to you. Easy.

>>19523203
What's the trick for obtaining friends?

>>19523084
Massive fees
>>19522299
If it's already in collections? Probry not, they will harass the poo out of you but they can't repo your possessions or anything. Your credit score will suffer but you can rebuild it with secured cc's etc. Student debt is a mutherfucker though & will follow you like that fat embarrassing girl you boinked when you were drunk after that party.

>>19521410
Jeesus Christ how have you done it

>>19523263
Well my accounts just closed today, not sure if I should still pay them down or not with minimum payments or just wait until LINK moons to pay them off. If there is another option lmk.

>>19522619
I noticed that too kek

>>19523212
Oh I’ll help you anon. Just send me that money and I’ll send it right back

>>19523942
what's your wallet address?

Bump

>>19524486

What beautiful niggerly nigger niggerings niggeringly niggering niggers throughout the sunset and sunrise!

>>19521410
>~830k in CC debt
How?

>>19521410
explicas por favor

25k ETH & LINK
23K CC DEBT
2K NEXO DEBT

been paying minimums, got a part time job though waiting for everything to moon to pay off the debt and quit

https://youtu.be/xiD_gvm6qJM

Got approved for a 25k loan. Should i take it out and put it all on link?

$200 CC debt
$5K in crypto
$6K in savings
how do i stop being a poorfag, biz?

>>19521347
I have around 5k principle left on a personal loan but I am making monthly payments on it. Credit cards get paid off in full every month. Also still making minimal 401k contributions. Don't bet the farm on crypto you retards

>>19521410

>>19524891
I got a loan of a similar amount and put it into link last week.
being overleveraged in link is unironically the best strategy desu, because you can NEET earlier by slowly withdrawing funds while still being in profit because of the upcoming bull market
Wish I could take out more desu but I can’t get approved for any more right now.

>>19521410
>$5k in Link
How does $1 Trillion sound?

>>19525424
you're not poor, you're just not smart enough to know it

Properly managing a debt balance is superior to playing the anti-goy zero debt scheme, sorry guys. Why do you think every single successful entity runs positive and negative balances simultaneously? The more you can do, the better.

>>19521347
Sell the LINK to pay off your debt. Debt is slavery and you're wasting money.

Then buy some ARPA as it'll outperform LINK all year.

>>19525511
hahahahaha you took a loan to buy my 40x bags. THANKS!

Anyone else here not fall for the debt Jew?
95k in link
0 debt

20k in cc debt
Paying minimum so I can buy more crypto

>>19521410
F

4500 in cc debt
3500 link

i use my card for everything for the points and usually pay off everything i bought that month plus like $75-$100 or so, i’ really don’t make much but i’m so tempted to start only pho g half to buy more and more link. my limit is 20k

>>19525511
I mean is this gambling or playing smart? Links going to 2-5x minimum over a year so why not take the risk?

>>19521603
Whats a liquidation threshold. Explain to a brainlet

>>19521603
Literally this. I'm doing this. AAVE is a Bizraeli power tool desu

25k LINK
9k CC debt

I think we are similar, Anon.

you're basically just going long on link but with funds borrowed from a bank instead of from cz or arthur

>>19521410
This, /biz/, is your brain on options trading

>>19527487
Price which link would have to reach before aave takes it from you to compensate for the fact the money you borrow nearly equals the remaining value of your deposit.

>>19521410
dont let them know you have link they cant take it away from you just declare bankruptcy

>>19521603
FUCK, am I a brainlet for using USDC? I'm nervous about using DAI because of the stupid Maker incident and I'm paranoid of it happening again. I know DAI can't be frozen which is great but in your experience how is DAI treating you so far?
USDC I can put my full faith it'll be 1.00, IDK about trusting the maker system.

>take out loans, goy
kek

>>19528341
I am using USDC. Easier to send to exchange and can be sold. I don’t think many exchanges are supporting DAI.

>>19522299
>That’s seems like a good idea but I generally don’t trust DeFi.
nigger, if Aave fails Chainlink dies put that in your ape brain

>>19528341
usdc is literally safer than dai, but help a brainlet out: say you take a loan out of your stack, how can you pay it back when link moons if your link are locked? and does that mean you will lose your stack?

>>19521347
Lol, I'm in a similar position as you. I'm not paying shit back. Fuck the banks.

I got a six figure link stack but I’ve been sleeping on the floor for over a month because I refuse to waste money buying furniture until link moons.
2k in cc debt and I thought I was the only one. This thread makes me feel better.

>>19521347
Should i bother with any other shit coin.

Should i just be in ETH and Link. Thought about UBT,QNT, and RLC. But I feel ink will do better.

>>19524891
>>19525511

I also unironically did this. 23k. Haven’t regretted it yet

Go for it niggers. Fed money is fake anyway.

>>19521387
And you haven't paid off $590 through your margin trading? I'm guessing you lost it all like a chump

>>19521564
Totally based, my dad is a software engineer and totally scoffs at Link and the idea of blockchain. Makes no fucking sense to me. But I have 16k in Link and 12k in debt. 0 fucks, hodling to the moon.

>>19529392
What was your interest rate?
Want to do this but i want a very low rate.

>>19521993
Based if true. I need to into DeFi before it’s too late