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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25861714

ATTENTION ALL /NEW/FAGS AND LURKERS Anonymous Mon Jan 11 23:44:36 2021 No.25861714 [Reply] [Original]

NEVER, and I say NEVER, TAKE OUT A LOAN TO INVEST IN CRYPTO. The first rule in investing is that you only invest what you can afford to lose. Ever since BTC got mainstream again, I keep seeing threads about people "getting a reverse mortgage to buy Bitcoin Stock." If you really want to fool around on /Biz/, follow these simple rules:

1. Make sure you're up to date and have completed Dave Ramsey's 7 baby steps: (https://www.daveramsey.com/dave-ramsey-7-baby-steps))

2. Understand that nobody here has any clue what they're talking about. People will shill coins, then later laugh at you for losing money.

3. If you decide to invest in a coin (or trade) that somebody shills, more often then not, you are better off HODLING. Too many of you view crypto as a get rich quick scheme instead of a long term asset. This mentality will RUIN YOU! If you want to defeat the legendary Bog and fearsome Bobo, you must wield Diamond Hands.

4. Don't lurk here for more than 1-2 hours a day. Get a life. Read, get /fit/, and self improve. Looking at the charts all day long defeats the mentality of a long term asset.

>>

Anonymous Mon Jan 11 23:49:32 2021 No.25861862

>>25861714
HI DAVE HOW ARE YOU?
CAN YOU HEAR ME?
THANKS FOR TAKING MY CALL HOW ARE YOU?
>Better than I deserve. How can I help?

I HAVE 3 CARS - A RAM 2500 I OWE 55,000 ON, A FORD ESCORT I OWE 18,000 ON AND A PONTIAC SUNFIRE THAT I OWE 6000 ON.
I WORK AT BOOKS A MILLION 3 DAYS AWEEK.
WHAT DO I DO?

>>

Anonymous Mon Jan 11 23:49:39 2021 No.25861864

>>25861714
The only time I could consider taking a lona would be if you already have years, or even decades, and you made shit load of money, but you were putted to 0 because of for example minus prices for oil. There is one guy in my country, that's great in speculating, and that's basically what happened to him. He took a loan, and is climbing back pretty well.

>>	Anonymous Mon Jan 11 23:49:54 2021 No.25861874 >>25861714 pretty based copypasta desu

>>	Anonymous Mon Jan 11 23:51:56 2021 No.25861928 >>25861714 I love the lowkey psyops of these newfag generals, give them a bit of good advice trickled in with the pissblood theyre going to be shitting when they have to move into the gutter. You're doing goodwork gentlemen.

>>	Anonymous Mon Jan 11 23:52:02 2021 No.25861934 >>25861714 HEY DAVE WASSUP AY UM I HAVE A CAR THAT I PAID OF BUT I TOOK OUT A LOAN BIGGER THAN IT TO BUY XRP. DID I MAKE THE RIGHT CHOICE. ALSO I HAVE 2 BABY MAMAS AND WITH KIDS ON THE WAY.

>>	Anonymous Mon Jan 11 23:55:55 2021 No.25862045 >CASH OUT DUDE!!! LIKE TODAY!!!!

>>	Anonymous Tue Jan 12 00:11:14 2021 No.25862458 >>25861714 >nobody here has any clue what they're talking about >expect me, my shitty pasta is perfect terrific

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Anonymous Tue Jan 12 00:11:24 2021 No.25862463
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>>25861862
I hear you! Why do you continue to pile up debt anon? You better sell all 3 cars, trade them in for a used Ford Taurus, and start living on beans and rice for the next 3 years. Before I continue, how much do you make?

>>	Anonymous Tue Jan 12 00:13:35 2021 No.25862530 File: 105 KB, 1280x720, Ramseeey.jpg [View same] [iqdb] [saucenao] [google] >>25861934 Are you investing in crypto again anon? If you haven't sold out already, sell out now! Get a job, and start contributing to your ROTH IRA and mutual fund.

>>	Anonymous Tue Jan 12 00:21:01 2021 No.25862752 File: 131 KB, 869x1024, 1607840050114.jpg [View same] [iqdb] [saucenao] [google] >>25861928 What here is pissblood advice?

>>	Anonymous Tue Jan 12 00:21:39 2021 No.25862764 >>25862530 Nah Dave you is wrong. IRAs is for chumps. Nice talking to you.

>>	Anonymous Tue Jan 12 00:23:15 2021 No.25862802 Hey Dave I tried to cash out my bitcoin but i didn't work, you were right, this stuff really is funny money.

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Anonymous Tue Jan 12 00:24:03 2021 No.25862825
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>>25862802
Investing in crypto is like riding a rollercoaster—the only people who get hurt are the ones who jump off. The investors who keep their cool and give their money time to grow are the ones who get to the end of the ride safe and sound. When in doubt, reach out to an investment pro for guidance!

>>	Anonymous Tue Jan 12 00:25:40 2021 No.25862866 >>25861714 Based advice im sure it will be ignored

>>	Anonymous Tue Jan 12 01:05:13 2021 No.25863844 >>25862752 >don’t take out a loan to max gains Literally trying to keep faggots poor (don’t tell the newfags that though)