Using Credit Cards for Trading

[Anonymous No.19777151]

Anyone ever tried to take a huge line of credit in order to dollar cost average into a trade? I’m starting to think I could make massive gains doing this. Has any one any experience? Note: I am a damn good trader and don’t try this if your new. Any anons have any luck trying this sort of thing?

[Anonymous No.19777171]

[Anonymous No.19777237]

Meh i considered taking out a credit card for for a money transfer when i was sure a shitcoin would moon. Most credit cards will deem crypto transaction as cash or straight up block it where im from, so your probably looking at like a 4% fee for starters. t. work in the credit card industry.

[Anonymous No.19777261]

>>19777151

>Don't bet what you can't loose.

[Anonymous No.19777319]

do it. whats the worst that could happen? they send you to collections so you can make $2 payments each month for the rest of eternity because it didnt moon?
well fuck. what if it moons enough to pay off the debt 10x over?

easy play in my books

[Anonymous No.19777321]

>>19777237
This, Chase and Discover will give you shitty cash advance rates and you'll probably just end up breaking even (and tanking your score in the process).

If you have the balls to do something like this take out a personal loan (when it dips again). I took out at $10k loan and bought BTC at $5k.

[Anonymous No.19777392]

>>19777151
I tried this

[Anonymous No.19778435]

>>19777237
>>19777321
That’s nothing on 10x or 30x leverage

[Anonymous No.19778458]

>>19777319
Based Im thinking about it doing some maths now