/biz/ - Business & Finance

[Anonymous No.15205948]

Held 20k link since December 2017. Considering selling and using the ~$45-50k on a house down payment. Bad idea?

[Anonymous No.15205959]

I'd do it if I had as much as you.

[Anonymous No.15205971]

>>15205948
good idea, we'll hit 15K sats before getting back to 40K in september anyway

[Anonymous No.15205972]

>>15205959
This. Take profits while you can.

[Anonymous No.15205974]

in 3 years you will kill yourself for doing so

[Anonymous No.15205999]

>>15205948
Bad idea man. Don’t buy a house atm and buy as much link as you can. Cap this

[Anonymous No.15206009]

>>15205948
Don’t be stupid. Go through the archives when you feel weak. Bookmark them, read them and remind yourself how they’ve played out so far. We’re not even started yet. Seriously, you’ll regret this decision. Cap this.

[Anonymous No.15206017]

>>15205999
checked and linkpilled
imagine buying the ATH of the housing bubble. but then again thats the /biz/ way.

[Anonymous No.15206038]

>>15205948
how much of a retard are you if you held that long and considering selling now that the network has started? Im serious how retarded are you?

[Anonymous No.15206048]

>>15206017
For 2 years biz has been saying housing market will collapse. I'm....so tired of renting....

What are your thoughts around next downturn?

[Anonymous No.15206051]

Do it. Buy a house, but rent it out. Use money to help pay mortgage and buy more coins.

[Anonymous No.15206061]

>>15206038
pretty retarded. watched stack go from $80k USD at peak to around $50k. Feeling the hurt from that. I didn't want to be a swinglinker

[Anonymous No.15206072]

>>15205948
dont be stupid

[Anonymous No.15206085]

>>15205948
Buy back in when link hits 16c

[Anonymous No.15206087]

>>15206061
Renting should be the dream man, why the rush to become a debt slave so fast?

[Anonymous No.15206091]

>>15205999
fuck nice digits. will unironically reconsider

[Anonymous No.15206134]

>>15206087
Is it? Have been renting for the past 8 years (albeit have moved to 3 different states). Are you a homeowner? Any tips on market timing?

[Anonymous No.15206141]

>>15206048
5 years. Currently they are trying to prop up the housing bubble by paying for mortgages with declining tax income and importing more shitskins and house them through public spending. QE4 is bound to fail

[Anonymous No.15206203]

What's your income like? 20% downpayment or something more?

Here's a tip: Don't throw it all into a downpayment. Keep some cash on hand for hard times. If you have no money for a year, you need to have funds to pay that mortgage for a year.

[Anonymous No.15206216]

>>15206134
Housing market crash was due to an excess of supply and low demand.

They got the price controls figured out right now. I do not see anything happening beyond small corrections here and there. (Total collapse will occur in the shitty D grade trump states)

[Anonymous No.15206230]

>>15206216
>Low demand
>>15206203
>hey you
>yes you
>wanne buy a house
KEK

[Anonymous No.15206241]

I have a 20k stack too that I bought in early 2018
Don’t sell anon. That bleed out was painful to watch, sure, but we are most likely not going to fall too much farther. It’s only good news and big gains from here on out. There is so much bullish LINK news about to break, and the network is only just getting jumpstarted.

Hodl strong marine. We will all make it. You’ll think back on this time that you considered selling and laugh, and thank god that you didn’t sell early

[Anonymous No.15206308]

>people sold eth at $4 for a goym approved mortgage

Good goy, also your 20k link after the ~25% tax depending on your local county and state is not 40-50k

[Anonymous No.15206419]

>>15206203
salary: 125k base, 15% bonus, 10-20k RSUs
funds: 93k cash on hand, 50k link, some 401k amounts that I wouldn't touch

[Anonymous No.15206435]

>>15206241
thanks for the pep talk. original plan was to start selling around $10. do you have your exit strategy planned?

[I like cats No.15206475]

>>15205948
>Held 20k link since December 2017. Considering selling and using the ~$45-50k on a house down payment. Bad idea?

Wait until the next huge altcoins rally which should happen a month or so after the Bitcoin rally. Sell and buy a house. Settle in while prices slowly collapse again. Buy again at the next dip.

[Anonymous No.15206490]

wait 10 years and you can make 50 down payments on 50 houses

[Anonymous No.15206644]

>>15206435
If everything goes according to plan, Im keeping my stack for staking and passive income. If for some reason staking isn’t as profitable as initially anticipated, I’ll sell off 20% at $50 and then reevaluate whether I should continue holding or not

[Anonymous No.15206693]

>>15205948

>Sell asset that has huge upside relatively early in the adoption phase

>Use it to acquire a big fucking loan with biweekly payments needed to maintain it on an asset that is made of rotting plywood with increasing maintenance costs and possibly low or no capital appreciation.

Yeah. No.

Men shouldn't FOMO into housing, that nesting instinct is literally something that is in the DNA of women, not men.

The only reason to own a house is to raise White children.

[Anonymous No.15206743]

>>15206419

>Sitting on that much cash

Yep, retard confirmed.

WTF is an RSU anyway?

[Anonymous No.15206765]

>>15205948
>20k
Lucky dog.
Or Just not a poorfag with less than 2k link like me

[Anonymous No.15206767]

>>15206743
restricted stock unit. they vest (typically monthly or every 3 months) and you can sell them immediately.

it's why some techies in bay and west coast can FIRE early, they'll have base of $150k but make $200k+ in stock

[Anonymous No.15206805]

>>15205948
Vitalik himself sold all of his eth at 9 bucks because he didn't have enough faith himself. Then it went to 1300.

If you really need the money, sell 3/4 but always leave a suicide stack. I plan on selling in tiers

[Anonymous No.15206830]

>>15205948
wait till collapse of global economy, than steal!

[Anonymous No.15206959]

>>15205999

cha cha cha checked

[Anonymous No.15206997]

>>15205999

[Anonymous No.15207020]

>>15206805
>Vitalik himself sold all of his eth at 9 bucks
This is Vitalik's wallet
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b

[Anonymous No.15207037]

>>15205948
do this if you want to kys in 2 years.

[Anonymous No.15207161]

>>15205948
Yup. You'll have the house, the extra money on the down payment will let you get something more expensive than you can afford, and then you'll be fucked on payments and taxes.
Three years from now, after the housing market collapses, you will kill yourself because you could have had millions

[Anonymous No.15207239]

>>15206141
>paying for mortgages with importing more shitskins and house them through public spending.

Explain how this works, why not lower the tax rate on housing instead. 1-2% yearly tax rate on a home can cause serious home buyers in any market to sit on their hands.
Importing shitskins does nothing to change the market it only makes it worse as we dip into the public purse causing yet again higher taxes.

[Anonymous No.15207293]

>>15205948
stop with this fucking bait and if its not bait fucking kill yourself for being this short sighted .

[Anonymous No.15207402]

>>15205948
HOUSEMARKET CRASH COMING SOON BRO HOLD.

[Anonymous No.15207478]

>>15206134
What’s the benefit of buying and living in it? Unless you have a family and some dire need to settle down maybe look at buying something that will give you a really good rental return. It’s really not that hard to find a deal where your rental return = loan payments or close to it. Really good deals come from finding a suburb or part of town a little rough/industrial that’s gonna have yuppies bleed into it and make it “trendy”.
But who really cares because 20k LINK is set for life

[Anonymous No.15207618]

>>15206230
The lack of demand came after subprime lendees or those with adjustable-rate mortgages defaulted.

[Anonymous No.15209102]

>>15205948
retarded.

[Anonymous No.15209173]

>>15205999

[Anonymous No.15209210]

>>15205999
Capped

[Anonymous No.15209213]

>>15206048
>For 2 years biz has been saying housing market will collapse. I'm....so tired of renting....

theve been saying it another 5 before that

[Anonymous No.15209347]

>>15209173
this
/thread/

[Anonymous No.15209373]

>>15205999

[Anonymous No.15209481]

God it feels good to be a 19yo zoomer with a 20k LINK stack. I have no pressures to sell. I'm just starting university(europe so it's free). The price literally can't go below $2 unless the team explicitly fucks something up(they havent done so ever). Dumb boomers "cashing out" for muh mortgage or cars.

[Anonymous No.15209910]

>>15205974
I think year and half

[Anonymous No.15209928]

>>15209481
similar boat here but starting 2nd year of uni
comfy af, i hope the boomer marines make it though

[Anonymous No.15210172]

>>15207239
It doesn't work, however I will explain why beancounters think it works.

1) "People are fungible." In an attempt to be as color blind as possible, policymakers make the assumption that immigrants and first-generation Americans with like fifty bucks of pocket money are going to behave the same way as third-generation Americans with heirloom property. They don't.

2) "Jobs are created in accordance with labor supply." The underlying assumption is that with labor abundance, new industries will spin up to take advantage of that. Unfortunately, there are a myriad number of labor and environmental laws which prevent that from occurring.

[Anonymous No.15210292]

>>15206693

[Anonymous No.15210345]

>>15210172
you are overthinking it
Policy makers that had the cash to fund their campaigns often come from the property sector, now that nobody wants to buy from them with for a profit they can easily use public spending to sell to the "state" and claim the shitskins, Niggers and what not need housing too. Basically Boomers selling their bags to the next generation by endebting the next generation.

[Anonymous No.15210358]

>>15206693
they will fuck niggers

[Anonymous No.15210368]

>>15205999
fuckin chekt

don't fucking sell OP

[Anonymous No.15210489]

>>15205948
>Trading generational wealth for a crappy overpriced house in a neighborhood most likely filled with darkies.
Never going to make it.

[Anonymous No.15210824]

>>15205948
I have the same amount and I think you're a fool. You retards are just looking to get rich quick instead of being patient and having enough money to have to worry about a lot less in life than a house payment.

[Anonymous No.15210852]

>>15205948

>selling link on a local bottom
>buying house at the market peak

Never change biz...

[Anonymous No.15210866]

>>15205999
Checked

[Anonymous No.15211364]

>>15210866
>>15210852
>>15210824
>>15210489
ps i didn't sell. thx everyone ;)

[Anonymous No.15211386]

>>15205948
yup

[Anonymous No.15211578]

>>15205999
Nice. You’d have to be legitimately brain dead to buy real estate while we’re on the cusp of the financial system crashing down.

[Anonymous No.15211634]

>>15205948
Honestly my man. I got a house in a nice area I’m 23. All my neetbux go to paying mortgage and bills. I have no money to have fun. I regret buying a house and not staying in a shit apartment saving my money. I live in a nice area though. I got scared into buying a house because I didn’t wanna be homeless or stay in an apartment forever.

[Anonymous No.15212718]

>>15209481
just because hes thinking about buying a house, he's a boomer?
>mfw