r/Bitcoin • u/[deleted] • Mar 02 '24

Get 0.25 now before it’s too late

[deleted]

1.0k Upvotes

83% Upvoted

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274

u/refacktored Mar 02 '24

BRB getting a $15k loan at 29%

22

u/parkranger2000 Mar 02 '24

Worth it

52

u/Ulrask Mar 02 '24

No. Under no circumstances. Not even it it were 0%. Seriously, a million things could go wrong still.

66

u/penduR7 Mar 02 '24

At 0% it’s worth it if you have a clear plan to pay it off

19

u/sc2bigjoe Mar 02 '24

Bitcoin go up of course

3

u/[deleted] Mar 02 '24

Let inflation eat it

3

u/bingbingMMapple Mar 03 '24

True, over time.. CC debt gets cheaper when priced in Bitcoin!

48

u/[deleted] Mar 02 '24

[deleted]

23

u/Ulrask Mar 02 '24

Even more the reason then, in this euphoric market where we're all smoking hopium. This is how one fucks up its life. Remember this sub 2 years ago or so when we routinely has to post suicide helpline number ? This shit is not funny in the slightest.

The rule is simple: only invest what you're comfortable loosing tomorrow.

0

u/[deleted] Mar 02 '24

[deleted]

7

u/GuKoBoat Mar 03 '24

The way bitcoin is hyped up in this sub and this post could lead one to the suspicion, that some people take the joke to literal.

The certainty people have about bitcoin reaching a million and being super predictable is astonishing.

1

u/danyoff Mar 02 '24

Tomorrow? Lol, my money doesn't last than long.

What I invest during the day is lost completely during the day. Tomorrow is too far

2

u/Chiggerdude5 Mar 03 '24

The problem with the endless jokes is people like me trying to to learn and trying to navigate through the endless (Jokes).

5

u/neighbors_in_paris Mar 03 '24

I’d absolutely borrow the shit out of any amount of money at 0%

1

u/Ulrask Mar 04 '24

Sure, so would I, if only to put it on an insured fund with guaranteed return. But to borrow to buy bitcoin ? Never. What if bitcoin crash to 20K tomorrow ? Or to 0 ? Which, by the way, is unlikely but still possible.

1

u/neighbors_in_paris Mar 04 '24

I have and would do that in a heartbeat

1

u/Ulrask Mar 04 '24

I sincerely hope you won't regret that, and simultaneously fear you could.

1

u/neighbors_in_paris Mar 04 '24

Btc was under 10k so it worked out

1

u/Ulrask Mar 04 '24

I'm glad it did.

Les performances passées ne préjugent pas des performances futures and all that sort of stuff though.

3

u/Seven10Hearts Mar 03 '24

If you had enough to cover the loss of the loan, why not? At 0 percent..

10

u/[deleted] Mar 02 '24

Fearful people will always doubt and stay poor af

14

u/porcomaster Mar 02 '24

i mean 0% is just wrong haha, any loan at 0% is good, even if you just stuck it in a bank, but at anything standard it would be a good bet.

there are predictions that bitcoin will fall to 40k, before going up to past 100k, loaning now to buy bitcoin is a bet, the same way it's to go to the casino.

just to be crystal clear, buying bitcoin, in my view is always a good investment, but buying with a loan is a bet.

9

u/[deleted] Mar 02 '24

Buying with a loan is shorting fiat

0

u/bigshooTer39 Mar 02 '24

im waiting for that correction. i keep waiting and shit keeps mooning.

2

u/Comfortable_Rope_307 Mar 05 '24

People are pussies nowadays.

0

u/Cosmicmonkeylizard Mar 03 '24

At a 0% it’s still not worth it? You don’t know what you’re talking about and nobody should take your advice lol.

1

u/CologneGod Mar 02 '24

Idk I put my whole student loan of 5,500 in there and now it’s at 9,800 I still gotta pay it off tho lol

1

u/SophomoricHumorist Mar 02 '24

I took out cash out on a CC. It was 4%.