/biz/ - Business & Finance

>>30355661
what could possibly go wrong? unironically

>>30355661
how does 1.15 quintillion sound?

>>30355745
That's what I'm thinking. It's pretty much just leverage on my job. As long as I can stay employed, it can workout. I believe link can continue to markup this year, and the eventual staking (next year perhaps?).

I mean it's better than throwing 50k for a new car or some other BS like normies do.

How does a spot on the first rocket to the new Mars Colony sound

That's only like 2k Link. Just give up. You're priced out.

>>30355661
staking has been announced, strap in!

>>30356176
This. Imagine taking out a loan to buy a top 10 crypto already that’s not bitcoin

>>30355661
get a 1k suicide stack and find another project at a floor to invest in. Going all in link with the loan money would be the safest bet but I'd suggest diversifying. Up to your risk appetite.

>>30356176
Don't listen to him OP, that's 2 million guaranteed minimum

>>30356176
This is to increase my stack a little more because I'm still very bullish. Plus 2k can easily be a lot of money.

>>30355661
Should have done this in the fall nigger.

>>30355661
based.

The best crypto project is $MCM

> post quantum secure
> future of crypto
> no ico
> didn’t solicit any investment

>>30356309
I already took out a 50k loan in November, went all in GRT at 13 cents. Now grow some balls like me and stop being a pussy.

>>30356270
That's actually kinda horrible. There are better options out there.

>>30355661
7 years.. if most transactions arent on blockchains and smart contracts that means crypto has comepletely failed as a whole. with every fortune 500 company saying blockchain and smart contracts is the future then i dont see more gais then risks on that loan. i remember people getting loans out when chainlink was below a dollar, they truly got paid off haha.

>>30356401
then why are you asking us?

>>30356576
*i see more gains then risk

>>30355661
larp #35981759718295

>>30356238
>>30356176
i mean there's a ton of upside. imagine saying this about bitcoin when it was first breaking 10k

>>30355661

Dont buy more then 3k worth of chain link

>>30355661
Why the fuck you gotta pay such a high fucking interest?

>>30356516
Go ahead dude, shill you big brain

please don't. If something with the project goes wrong, you'll be paying a lot for nothing

>>30355661
Do it

>>30356025

Buy a used car for 10k

Throw 3k into crypto and 3k into stocks

Buy chain link,lite coin and Monero

Just put it into Bitcoin you will get the same % of gains

>>30355661
biz'nessmen use other peoples money to get rich
if you're young take the risk
if you're old and have no dependents take the risk

>>30356758

Idiots like dumping more then 3k into investments

>>30355661
Why don’t you do a smaller loan and then do dollar cost averaging?

>>30356751
It's a personal loan. They are all high. Not sure how else to get some cash with no questions

>>30356990
You made upper six figs on grt and you're gonna take a 50k loan for link? Seems insane to me. But you're the one with the balls and the money (right now) so why listen to me

>>30356990
Hm fair enough. Anyway you can put that Link on Venus or AAVE and loan against it again so you should be good. Literally no reason to not do it.

If you're going to take a risk like that, might as well try to find a coin that's cheap and new enough to make it worth it.

I've been buying BAT mostly because it was still belowe $1 billion MC and it was also listed on Gemini.

You should find your own that you like though. I couldn't fathom missing out on cheap link then taking a loan out to chase it.

>>30357151
this is how i know its a larp

>>30356990
Just curious, were you here in 2017?

>>30357195
So you're doing it, right?

>>30357694
Thinking about it. Only reason I haven't done it yet is because I'm too lazy to make an appointment with my bank. Also I'm scared I get rejected because of bad credit score lol

>>30355661

I would rather take out the loan and put it in smaller projects like Bancor, and move the gains in Link eventually.

>>30356990
how much link do you have?

>>30356401
So why not use some of that for LINK you larping faggot

>>30356401
Survivorship bias much?

>>30357151
>>30357414
I'm still very bullish on link. And there aren't that many other projects I would be comfortable putting loan money in. I don't want to speculate on DeFi app layer projects because any ranjesh or chinaman can copy and paste an gain market share. Plus, trends change.

>>30355661
Assuming you’re in 2018, great idea

>>30356176
Most people don't even know what the blockchain is... you need to reframe your context.

>>30355661
Your future self will thank you, as your future self sits in the citadel, while multiple young peasant girls beg to be sucking your dick or even be noticed by you.

>>30355661
just invest it and say you got rugpulled. Default on the loan. You dont need a credit score when you have 500k+ capitol

>>30355661
Definitely. $50k is fuck all as well. and the interest is low. I have $500k in LINK, but if I had the opportunity, I would take all kinds of loans as much as 15% interest per year and buy LINK and LinkPool. I'm 21 and have never waged though and since I'm not in USA, I can't even get a €500 high interest fast loan lol.

>>30358444
I already have a nice link stack you seething brainlet

>>30358607
It's hard to lose money in a bull market, especially if you speculate on more bluechip projects.

>>30355661
litezrally what my dad did at 7 dollars

>>30355661
Based move OP, I’ve got good credit and am looking at doing the same shit with yield farming. I figure if I borrow 50 to 80k and put it into liquidity pools with at least 200 percent return I can make a tidy profit over the next couple years and easily cover my principal. I’ve been running the numbers and could easily come up with a 150k profit without risking any of my own capital. Shit seems too easy, I’m just waiting for the market to stabilize a bit.

>>30355661
Took out a personal loan for 20k during the march crash and all in on chainlink at 1.65. The monthly payments are nothing compared to the profit.

>>30361184
Becareful trying to find yield on shady projects and shit. You don't want your loan money to get completely rugged. That would suck ass.

>>30361185
Congrats man, nice play.

>>30361338
in hindsight but at the time I was shitting bricks thinking how dumb I am if it went lower and stayed there for a while. I think it's a smart move on your part if you don't mind it dipping a bit while still making monthly payments

>>30361596
Yeah that was incredibly risky at that time to just go all in with a loan. I was still buying then, but smaller amounts.

>>30355661
Decent move but if you have real balls you'll put it all in PNK.

>>30356176
>Bought my 2k stack in 2018 for $500
Really makes you think.

>>30356990
Personal loans have high interest rates because there's no collateral. You can get an ELOC backed by your house (HELOC) or something else you own (cars aren't good for this, but non-depreciating assets are like if you own gold/silver).

>>30355661
yes, buy 20 of sergay nazarov digital turds, what could go wrong

>>30361904
I think you are on to something

>>30361338
Yeah, I’m still finishing my research, but limiting my choices to pools that have been audited, have limited impermanent loss, and pay out in tokens that have real market demand. I just don’t want to gamble with the little that I have, I’ve only managed to accumulate 3k link and 17 eth besides a few shitcoins. I think I can subsidize my play by staking the eth and link for rewards elsewhere. I’ve got to start making more aggressive plays if I’m gonna make it.

>>30355661
>Loan
Just work for it faggot

>>30355661
It's illegal to take out a loan to put into crypto

Do it.

>>30362328
You gonna call the cops, fag?

>>30362328
Says who?

>>30356990
Why not take a loan out against your 401k if you have one? A lot of times any interest you pay is to yourself

>>30356025
You are gambling shit for brains, what the fuck are you doing? Stop investing money you don't have and work for it. Invest in yourself jesus fuck wank

Whale here.
Top 500 wallet holder.

Get in before $33

>>30356401
>up at least 500k
>needs another loan
Why?

>>30355661
Do it anon. MILLIONAIRES WILL BE MADE.

>>30355661
desu safe leverage while you are working a job is the best way to make it. I support

>>30356025
>
fomo behaviour so you take out a loan, don't do it, just montlhy dca whatever you can miss, be patient, not rgeedy

>>30355661
Good idea but you are 2-3 years late... you should do it when LINK was under 50cents... I wanted to do the same earlier but didnt... i should do it and in hindsight i regret it but i got my comfy stack so whatever i guess..