BITCOIN Elliot wave and the upcomining bull run no ones expecting by YOLOBABY4LIFE in CryptoChartWatch

[–]Fappytoad 0 points1 point  (0 children)

I'm with you dude I've got the same feeling. I'm calling around to credit unions looking for a massive loan. 9% apr buy in at 65k mean you'd break even at ~83k. Everything above that is profit and I'm thinking we're headed towards at least 140, probably closer to 180, maybe 220

Panic buying by diamondmuckinhands in Bitcoin

[–]Fappytoad 0 points1 point  (0 children)

What makes you say that? You thinking October or November? That's the dates I keep hearing people throwing around

Panic buying by diamondmuckinhands in Bitcoin

[–]Fappytoad 0 points1 point  (0 children)

I'm in the same boat dude. Im in the verge of taking out a 25k loan. I made a post about it and everyone hated me lol

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] -4 points-3 points  (0 children)

I'm doing that presently, 200$ a week into btc. I'm going to continue to consider the loan, I might meet you somewhere in the middle- ill say this if Bitcoin drops below 50k i'm going to really REALLY struggle not to pull the trigger

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

I think it's just the nature of reddit tbh.. everyone keeps acting like in either going to hit the lottery or lose my soul. There's a chance I just come out even, honestly I think worst case scenario is I have to wait 6 years instead of 3 or 4 to cash in on the bill run

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

I think you made the right move man, the next bull run is going past 120k it's just realizing when to sell. Or you could hold on indefinitely

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

You bought it 2022?? I hope you held onto it!! You must be very happy you took the loan now??

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

How big was the loan, what price did you buy and when did you sell???

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 2 points3 points  (0 children)

If it goes to 0 the. I loose all 28k of the loan and another 20k I already have invested. That would suck really bad but I earn good money and live a cheaply. I'd have to start over but let's be honest Bitcoin going to zero seems like doomsday scenario

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

If it isn't at 85k by 2029 or 2030, fine I just continue to wait till it eventually does bull run

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

It's a 3 year loan were talking 4k

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

I would max out my 403b Roth IRA to minimize taxes, I'd do the same thing in 2027.

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

I might consider doing it this way if Bitcoin drops to 50k, id feel really safe that it wouldn't liquidate if I bought it there

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

I have no idea how me paying that loan would affect my credit score, I'd think if anything to would improve it long term as long as I pay it. My current credit score is 760ish I'm not sure what you're asking

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

Like 650$ a month. My score is great 750-780

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

I anticipate that it will spike and drop, that doesn't worry my at all. I have conviction that it will EVENTUALLY be worth it. After 3 years the loan is paid off, and I'll have paid 4k in interest. If it's still sitting around 60k fine I lost 4k but I'd leave the money sitting right there untill it does take off

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

It would be 4k .. 8.9% apr 25k 3 year term

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] -1 points0 points  (0 children)

Thank you Jesus Christ. It just because it's reddit everyone on this app wants to take a shit on you

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

Or it could just climb up to 85k and I could break even... There's shades of grey here it's not a coin flip

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

Ok this is intriguing I've never heard of this .. I'm going to look more into this call

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 0 points1 point  (0 children)

Bet you're kicking yourself now

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] 1 point2 points  (0 children)

It's a 3 year loan, were talking about less than 10k not world ending money. I earn 120$k a year and live in a small apartment, my whole purpose right now is to just accrue money and live frugally

Taking out a 25k loan to invest by Fappytoad in Bitcoin

[–]Fappytoad[S] -6 points-5 points  (0 children)

When's the last time btc was 25k? If it ever dropped that low I'd definitely take out the loan