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0 sats \ 7 replies \ @ek 18 Sep 2022 \ parent \ on: Daily discussion thread
Damn. They want to meet me in person because I am a student but their website doesn't work to create an appointment, lol.
Update: Ah, worked now for some reason. I have an appointment for next Thursday. Let's see if they'll laugh at me for buying bitcoin, haha. Not sure if I even have to tell them that. I'll do some research
They will probably ask it, but you could say it's for miscellanous expenses. E.g. buying a bicycle or smth. They don't need to know what it's for. Only that you can repay them.
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What if they find out later? My account is at a bank they bought some time ago.
And in some way I want to see their reaction if I tell them it's for buying bitcoin.
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They might reject your loan if you tell them. However, I think even Peter McCormack took out a loan years ago to buy btc and the bank knew what it was for. Some banks hate bitcoin and block tx to exhanges, others see no problem as long as you can service the debt.
I would just move the money to another bank first, for privacy reasons.
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So they can ask me to pay back the loan in full immediately?
I am not interested in playing games. I think in that case, I'll just tell them the truth. Their loss if they don't want to take my money
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No they can only demand the monthly payment.
Sure, let us know how it went. Good luck to you.
I would also advise to dca the amount over the coming months.
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Yes, I'll maybe do 500-1k of the loan per month or something. Don't want to underestimate the psychological effect of investing lump sums, hehe
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No. Never tell to the bank what you gonna do with your money.
Invent whatever any other reason / destination.
Will be interesting to see if they will give it to you in cash.
You should watch this nice spanish movie (EN subs) El concursante about a guy that won a lottery but the bank is not giving him cash, but a lot of "credit" to spend. Very good movie.
BTW, be aware, when you go to a bank for a loan, in the moment you sign the papers, that credit was already sold as a debt to others, so you actually pay for a debt that it doesn't exist anymore.
I know a case when the guy, get back to the bank and send them an official letter to prove the source of the money in their balance sheets from where they gave him that loan and what was the damage done if he will not pay it back.
After some letters fight back and forth, the guy won and never paid back the loan.
I will look into finding the video, is quite old, where the guy explained all the story.
In other words, they literally create new fictitious money with your signature.
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