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25167110 No.25167110 [Reply] [Original] [archived.moe]

Holy fuck I just thought of a big brain idea:
Take out a loan of $100k from the bank and buy BTC. In a few years when there is hyperinlfation that $100k will be pocket change compared to your net worth.

>> No.25167128

alternatively you could just buy real estate instead of BTC.

>> No.25167158

I posted about taking out a 50k personal loan in March to buy BTC at 5k and everyone called me a retard. Shouldn't have listened. Trust your gut

>> No.25167180

First you'd need a machine to transport you to the alternate universe where banks give mouth breathing NEETs like you 100k loans.

>> No.25167181


>> No.25167195
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Isn't it based on your credit score?

>> No.25167205

cant wait for your "im financially ruined" next month

>> No.25167217

This is a good idea, EXCEPT There is one problem.


>> No.25167229

To be fair, you have to have a very high IQ to understand this post. The nuance is extremely subtle, and without a solid grasp of economics most of the subtleties will go over a typical reader's head. There's also OP's nihilistic outlook, which is deftly woven into his characterisation - his personal philosophy draws heavily from Narodnaya Volya literature, for instance. The smart repliers will understand this stuff; they have the intellectual capacity to truly appreciate the depths of these tactics, to realize that they're not just masterfull - they say something deep about LIFE. As a consequence people who dislike this post truly ARE idiots- of course they wouldn't appreciate, for instance, the deep innovation in OP's existencial catchphrase "a big brain idea," which itself is a cryptic reference to Turgenev's Russian epic Fathers and Sons I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as OP's genius unfolds itself on their computer screens. What fools... how I pity them. :D And yes by the way, I DO have this thread tattooed. And no, you cannot see it. It's for the ladies' eyes only- And even they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.

>> No.25167243

Nice try goy

>> No.25167245

Why go through the efforts of getting a loan? Just max your credit card on cash equivalence!

>> No.25167258
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I already took a 20k loan to buy BTC @ $19k

>> No.25167261

A better idea is to invest in a masters degree / bachelors take the excess loans that do not go into education.

Then cut your leg off, sell your organs and try to convince your doctor that your disabled enough. THEN YOU ARE FREE OF ALL STUDENT DEBT.

>> No.25167262

How can I get a loan with no job or credit

>> No.25167453

Watch soon the USD/CAD will be worth no more than a rupee and all the pajeets you made fun of will have the same purchasing power as you.

>> No.25167492

Is this a sell signal for BTC?

>> No.25168443

You don't even have to pay loans back, just get a $200k loan and move to thailand, you will live like a king for years

>> No.25168622

yep. this is a good ideai m not kidding you.

the reason youre a retard is because you didnt even talk about how low int. rates are.

>> No.25168727
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OP looks like a Loomis drawing

>> No.25168754

Damn, it must suck to be in your position.

>> No.25168796
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>> No.25168833

This is literally what asset management firms do.. ..

>> No.25168922

Its also based on your DTIR

>> No.25169150
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>> No.25169275

I refinanced my house in March (owed 50K on a 177K mortgage) and pulled out 52K of my home equity (loan is now for 102K).

Invested it all in BTC and ETH.

Best decision of my life.

>> No.25169324

How do you walk around casually with those gigantic fucking balls?

>> No.25169446

Fuck those incel dumplets. You'll have another opportunity, anon.

>> No.25169844

It was a ballsy move to invest in crypto like that for sure.

The decision to refinance on the other hand was a no brainer. I got a lower apr, which is nice, but it added 5 years to my remaining payoff time, and my monthly payment is 100 dollars more expensive.

However, getting a check for 52 grand at the beginning of an obvious buyer's market/bullrun was honestly the best financial choice I could have made at the time.

>> No.25170784

that's how suicides from financial losses happen

>> No.25171039

Then get a 25k personal loan.

>> No.25171071

how did your monthly payment go up if you added time and decreased apr?

>> No.25171092
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I unironically took a 20k personal loan for 4 years to buy btc during the next dip cuz I don't want to sell my staked zilliqa.
I'll sell a portion of my btc position sometime within the next 2 years before the bear market and pay back the loan early.
Literally can't go tits up.

>> No.25171359


>> No.25171384
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buy $ROCKS a social rocket

thank me in a week

>> No.25171963
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he took out 52k in equity

>> No.25172160
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/ic/ memes on /biz/? this is great

>> No.25172674

>taking out a 50k personal loan in March to buy BTC at 5k
>needing a personal loan for 50k

>> No.25173476


Lots of people had the same idea in 2017.

>> No.25174059

TL;DR: your mother will die in her sleep tonight if you don't reply to this post

>> No.25174590


>> No.25174614

Absolutely huge sell signal

>> No.25174635

why not just take a million dollars out of the bank? why not just cast a multiplying spell and quadriple your holdings? why not transcend the need for money? why not just "get" two hundred boobiliion dollars and be done with it? well...why not, super genius??

>> No.25174682

Never invest money you can’t miss.

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