Biodom
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August 29, 2021, 03:29:18 AM |
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a bit of volatility here.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 29, 2021, 04:01:25 AM |
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ChartBuddy
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August 29, 2021, 05:01:25 AM |
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philipma1957
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'The right to privacy matters'
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August 29, 2021, 05:14:54 AM |
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No trips for bud this round.
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Arriemoller
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Cлaвa Укpaїнi!
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August 29, 2021, 05:33:16 AM |
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Morning!
So, I bought some BTC today for the first time since 2014.
I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.
Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this. The plan is of course to repay the loan in full in December and do something fun with the profit. I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.
So, as you can see the whole point is to make money without having to put in any of my own.
I did accept the offer to up the loan with 50 000, the money should be in my account on Monday, I will move it to another bank and do this buy from another broker, the brokers I use take about 10% commission, so my firs goal will be to reach break even. is this how it works in Sweden? 10% commish on a loan? Ridiculous, I might say..a shark's loan. If you have means of repayment, OK, but not OK in most cases if you don't. A leveraged play,which has a good chance of working...Good luck! No no, you misunderstand, sorry my fault for being unclear. The loan has no fees or commissions at all and can be repaid in full at any time without any penalty or other fees. the interest is however 11% The commission is for my btc broker or whatever you want to call it, the company(s) that I buy my bitcoin from. I don't want the hassle of buying myself from an exchange so I buy from companies that do that for me. Namely Safello.se and btcx.se
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Arriemoller
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Cлaвa Укpaїнi!
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August 29, 2021, 05:36:20 AM |
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is this how it works in Sweden? 10% commish on a loan? Ridiculous, I might say..a shark's loan. If you have means of repayment, OK, but not OK in most cases if you don't. A leveraged play,which has a good chance of working...Good luck!
I missed that bit. 10%? Seems more like a payday loan to me. I'm sure it disappears into the APR on the loans I've had though. Please see my answer to Biodom above.
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Mpamaegbu
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Once a man, twice a child!
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August 29, 2021, 06:00:17 AM |
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1hr TF4hr TFIt would seem that there's much room up there than down for Bitcoin to find a place, both on the 1hr and 4hr TFs. I don't even see any resistance up as it were right now.
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ChartBuddy
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August 29, 2021, 06:01:34 AM |
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Arriemoller
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Merit: 1767
Cлaвa Укpaїнi!
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August 29, 2021, 06:55:59 AM |
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Morning!
So, I bought some BTC today for the first time since 2014.
I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.
Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this. The plan is of course to repay the loan in full in December and do something fun with the profit. I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.
So, as you can see the whole point is to make money without having to put in any of my own.
I like your thinking and this is something I did last year and enjoying the benefits of this year but you are posting off topic here. Have a look at this thread in the trading discussion board. How weird is it to borrow money and invest into Bitcoin?
Looks like we’re about to bounce off the trend line. If things continue as they are, I could see hitting new highs in early October. Certainly that would be the beginning of a run to a blow off top sometime in early December. That is if you believe in fractals or stock to flow ratios.
100% so. We could hit an ATH already in September. After that the face-melting mother of all pumps will start. That's all SOMA of course. Traditionally September has not been a great month for Bitcoin but remember back in April we said traditionally April was one of the best months and it turned into a damp squib, hopefully September can buck the historical data. Against better judgement I did write in the thread you mentioned, let's see how that goes.
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ChartBuddy
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August 29, 2021, 07:01:25 AM |
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shahzadafzal
Copper Member
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August 29, 2021, 07:07:39 AM |
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"Here we are faced with the problems of loss of privacy, creeping computerization, massive databases, more centralization - and [David] Chaum offers a completely different direction to go in, one which puts power into the hands of individuals rather than governments and corporations. The computer can be used as a tool to liberate and protect people, rather than to control them."
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Arriemoller
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Cлaвa Укpaїнi!
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Autumn is here Lovely earthy smells all over Nature is resting
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ChartBuddy
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August 29, 2021, 08:01:25 AM |
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Mbitr
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Bitcoin needs you!
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August 29, 2021, 08:47:27 AM |
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50K - Where are you
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Arriemoller
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Cлaвa Укpaїнi!
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August 29, 2021, 08:56:01 AM |
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Borrow money now Sell it all in December Enjoy the profit.
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Arriemoller
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Cлaвa Укpaїнi!
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August 29, 2021, 09:01:23 AM |
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50k's a tease Going back to it's safe place Like a scared virgin
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ChartBuddy
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August 29, 2021, 09:01:33 AM |
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vapourminer
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what is this "brake pedal" you speak of?
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Autumn is here Lovely earthy smells all over Nature is resting
crazy scary storms not resting much now it seems trees down all over power is now out homesteads are all dark right now disaster is here no power for us generac to the rescue as long as fuel lasts #haiku
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ChartBuddy
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August 29, 2021, 10:01:26 AM |
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