So I have a guy who can loan me 20k with 15% vig. I will have to payback the money+vig in 3 years . currently my networth is 30k and my income 12k per year. Is it stupid to take that loan and put the money on bitcoins for 3 years ?
*12k after all expenses
No but put it into ANS
>>2768037
>15% vig
From a loanshark? Don't do it bro - if coins fall you will wind up with broken legs and thumbs.
>>2768059
If you know what you're doing and you want to turn 20k into a lambo, yes.
If you want to not lose all of the money I would recommend investing in real stocks that pay dividends.
>>2768092
Seems like he'd be able to pay it back though.
at 12k/year of disposable and 30k net worth, sounds like he wouldn't have a problem even if he lost all of it in the coins.
Am gonna hold the bitcoins for 3 years no day trading .btw can negotiate for lower vig ~10%
>>2768128
Its not an idea that will get you killed, but the best advice when investing would argue against this.
"Don't invest money you cant afford to lose"
>>2768037
Go all on in. Call me from your lambo. Screenshot this.
>>2768159
It's money I can pay up if it goes wrong but it def will put me a in bit bad situation
Do it op . Q4 this year you will have doubled you money at least. If you go into alts be careful some of them bitches are not nice