293 sats \ 11 replies \ @siggy47 9 Nov 2022 \ on: Daily discussion thread
The next couple of weeks might give me a chance to make up for my foolish failure to accumulate btc before 2020
Yeah, and this may make up that the market started to pump just after I got my loan.
This will most likely be the most important dip of my life, lol
Got my loan on the October 25th. Bitcoin increased by 10% over 11 days.
Now it's down 20% over 3 days
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Where is the guy who was asking everyone a while back about getting a loan to buy bitcoin at 20k? Was that you?
I was the only one in the entire thread that said it was most likely a bad idea/ risky.
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Don't know, maybe? You mean this one: #71281?
Seems like it, your comment there suggests it, haha
I was the only one in the entire thread that said it was most likely a bad idea/ risky.
I still think it was a great idea. Even better now that the market dropped.
I never planned to do a lump sum into the market at once anyway
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I never planned to do a lump sum into the market at once anyway
Actually, my initial post suggested that that was my plan:
How dumb is it to take out a credit to buy a big chunk of bitcoin soon-ish?
I just didn't want to miss the boat. But I didn't plan to put all at once.
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If you asked me the question today, my answer would be different.
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Around a 21% difference if my calculations are correct.
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Well, I still have most of my loan so imo it doesn't matter that I took it out earlier.
In fact, now I already have access to it instead of waiting for approval etc.
Also, a month ago, you couldn't have known that the market would dip again. I think a 70% drawdown from ATH is already a good opportunity.
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Started FOMO accumulating all the way up to the top starting in Jan 21. Felt bad at first but this is kind of exciting.
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It really is. I just exceeded my cash app daily transfer limit!
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in 2020 it was 7k usd
ATH is at 69k usd i think
currently a third of ATH.
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