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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.
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
If you asked me the question today, my answer would be different.
You mean now would be a good time to take out a loan? Why?
What is different between this
https://i.postimg.cc/B6j5k416/2022-11-09-212656-338x686-scrot.png
and this
https://i.postimg.cc/sfZ9JfrH/2022-11-09-212713-355x724-scrot.png
in terms of taking out a loan?
Around a 21% difference if my calculations are correct.
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.
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.
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