My wealth plan for next 3 years

[Oasisman]

So basically you are thinking of borrowing money to invest in Bitcoin and Dogecoin and hoping that it will give you high returns and make you a rich man over the next few years and then you will only be paying the interest? okay that's a pretty crazy idea in my opinion, why I say that because you are brave enough to go into debt to invest in crypto. Of course you need collateral to be able to get this loan and what if this plan doesn't work out the way you imagined? you have to be prepared for the possibility that you will be stuck in debt and you might be in a difficult position in the next few years. But if this works, maybe you will become as rich as you imagine and that is very cool.

He's actually avoiding the effect of inflation while earning profit at the same time. The purchasing power of your USD may have a huge difference in the next 3 years or so - so that's what of the goal and perception of the OP. And, that's not a crazy idea, but an intelligent one as long as he's able to pay this debt in his own term. The only difficulties I find in this situation is when he chooses to invest in a shitcoin rather than bitcoin or any top alts in the market. Can't risk any further in investing to altcoin when you're capital came from a debt.
However, not all loans requires collateral though, some lending companies will only need to check your background and financial capabilities to return what you owe from them.
This might work or not, but atleast he have tried to escape the day job cycle and have a financial freedom.

[Paul Pogba]

To be successful and rich, of course we have to have the courage to do many experiments, if we get a monthly salary that is sufficient for 1 month's needs then we must dare to speculate, cryptocurrencies provide great opportunities for us to become millionaires with small capital, many people invest $ 1000 then in a few years profit up to 1000x because there are many surprises if we invest in cryptocurrencies.

[uswa56]

To be successful and rich, of course we have to have the courage to do many experiments, if we get a monthly salary that is sufficient for 1 month's needs then we must dare to speculate, cryptocurrencies provide great opportunities for us to become millionaires with small capital, many people invest $ 1000 then in a few years profit up to 1000x because there are many surprises if we invest in cryptocurrencies.

and that too with a risk that is as big as the possible benefits that will be obtained.
to build wealth in the future there are many ways and if at this time the salary you get is only able to make ends meet then I think it's better to find a side job or open a business.
because if you are forced to invest to the point where you have to cut money for life now, it is not certain that you will be able to succeed in the future.

[Jatiluhung]

I appreciate your courage in taking high risks. That is investing from the results of borrowed money. But I also don't know whether your step is a bold step or a slightly reckless step. because I don't know if you have other sources of income to cover the loan when it is due to pay and it turns out that BTC did not have a high increase in the 3 year period. or maybe you have a guarantee that makes you less afraid if you don't succeed in paying off the loan in its entirety.

But if Bitcoin experiences a high increase even in the next 2 years then of course your plan will meet with success. You can certainly pay off debt from the profits you get. and you also at the same time have avoided inflation which always has an impact on fiat money.

I hope you are still active in this forum for the next 3 years. because I want to hear your story after 3 years. good luck.

[SmartCharpa]

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

I don't think that is a good decision for you to make because you can't take that long-term risk with the money you want to borrow from the bank because you also know that there is risk involved when investing in bitcoin. In fact, I can't advise you to take that much risk with the money you loan because it is too risky. Look at it. Do you believe you will be able to repay the money without selling any of your assets if the price of bitcoin drops by the time you want to invest in it? You're taking a big risk by doing this.

[Shortmaster]

So basically you are thinking of borrowing money to invest in Bitcoin and Dogecoin and hoping that it will give you high returns and make you a rich man over the next few years and then you will only be paying the interest? okay that's a pretty crazy idea in my opinion, why I say that because you are brave enough to go into debt to invest in crypto. Of course you need collateral to be able to get this loan and what if this plan doesn't work out the way you imagined? you have to be prepared for the possibility that you will be stuck in debt and you might be in a difficult position in the next few years. But if this works, maybe you will become as rich as you imagine and that is very cool.

He's actually avoiding the effect of inflation while earning profit at the same time. The purchasing power of your USD may have a huge difference in the next 3 years or so - so that's what of the goal and perception of the OP. And, that's not a crazy idea, but an intelligent one as long as he's able to pay this debt in his own term. The only difficulties I find in this situation is when he chooses to invest in a shitcoin rather than bitcoin or any top alts in the market. Can't risk any further in investing to altcoin when you're capital came from a debt.
However, not all loans requires collateral though, some lending companies will only need to check your background and financial capabilities to return what you owe from them.
This might work or not, but atleast he have tried to escape the day job cycle and have a financial freedom.

You are correct here.
Nice to see smart person like you Are.
Actually... Money the fiat currency are expensive now the fed can Do last 25 b point rate hike then it would reach the resistance and top.
So If money is expensive it's always smart to sell money the money is not so expensive yet... let's wait for one more rate hike then the price of money Will reach to top.
Also the hyperinflation inflation will be huge in the next few months specially we go in the war situation the currencies Will be near to devaluation some days in the next few months.

[glendall]

To be successful and rich, of course we have to have the courage to do many experiments, if we get a monthly salary that is sufficient for 1 month's needs then we must dare to speculate, cryptocurrencies provide great opportunities for us to become millionaires with small capital, many people invest $ 1000 then in a few years profit up to 1000x because there are many surprises if we invest in cryptocurrencies.

$ 1000, is not small money, friend, with small capital, you will still get a small profit compared to investors with large capital, so it's a lie if you say that with small capital, you will get a lot of profit
if you only have 100$ capital even though 1000x you will still lose with investor 10k$

[wajik-tempe]

Taking out loans to invest might enhance your potential returns, but it also increases your risk and necessitates a good repayment strategy. Bitcoin, gold, and silver investments can provide growth potential, but market volatility should be considered. The significance of stablecoins such as USDC as global reserve currencies is unknown, and legislative changes may have an influence on their value. Consider employing a dollar-cost averaging method while investing in USDC or other assets to limit the impact of short-term price changes.

[isaac_clarke22]

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Maybe just skip out AIDoge and put those instead to Bitcoin. Just because AI is quite a hot topic now does not mean it can still last for almost 3 years in the crypto market. If you're really serious about AI, at least just put it in non-meme ones.

It's your plan anyway, just sharing my 2 cents in here. I wanted to invest to meme coins back in 2017, but thankfully I didn't. They're just for the short-term hypes and a little bit of utility, but Bitcoin already gave those utility better in some instances.

I don't think that is a good decision for you to make because you can't take that long-term risk with the money you want to borrow from the bank because you also know that there is risk involved when investing in bitcoin. In fact, I can't advise you to take that much risk with the money you loan because it is too risky. Look at it. Do you believe you will be able to repay the money without selling any of your assets if the price of bitcoin drops by the time you want to invest in it? You're taking a big risk by doing this.

This also. Although I can't blame the OP and just sharing my insights, loaning itself is already a risky move even if it is in non-crypto related reasons.

[Doan9269]

So basically you are thinking of borrowing money to invest in Bitcoin and Dogecoin and hoping that it will give you high returns and make you a rich man over the next few years and then you will only be paying the interest? okay that's a pretty crazy idea in my opinion, why I say that because you are brave enough to go into debt to invest in crypto. Of course you need collateral to be able to get this loan and what if this plan doesn't work out the way you imagined? you have to be prepared for the possibility that you will be stuck in debt and you might be in a difficult position in the next few years. But if this works, maybe you will become as rich as you imagine and that is very cool.

The worst decision to make while trying to invest is for someone to go extra miles in taking loan to invest on a volatile cryptocurrency, i thought in the first place that OP is trying to suggest a way he's intending to use for generating money to be used for his investment in cryptocurrency, we still have along way to go before the bullrun begin which means he could have developed interest in earning bitcoin than lending it for an investment.

[kaseygriffin]

Borrowing money to invest in volatile cryptocurrencies, especially without a solid understanding of the risks involved, can actually be a risky decision. Investing with borrowed money will amplify potential gains but also increase potential losses, and it is important to consider the volatile and speculative nature of cryptocurrencies. In addition, you will also have difficulty repaying the borrowed amount. As such, investing in cryptocurrencies is risky, and it is essential to thoroughly research and understand market dynamics before making any investment decisions.

[SmartCharpa]

This also. Although I can't blame the OP and just sharing my insights, loaning itself is already a risky move even if it is in non-crypto related reasons.

Even though it is very obvious that something will happen and we can observe it, he should consider other options before making such a decision. Did he want to take the loan knowing that if he won't be able to pay it back at the time, his family will have to join him in paying the loan, which they weren't aware of at the time he took the loan? I believe it would be better for him to consider what he is trying to accomplish.

[Smartvirus]

That seems like such a great plan, lol... very gunny guy! I would like to take it that your joking else, I don't know how to tell you not to go ahead with this as, I could be standing in the way of your success with advices that hasn't properly scrutinise your plans ot looked at the edges you might have considered to have arrived at such a wealthy conclusion.

What I would say to you is that, just as you have made careful considerations that ends in success, you should as well make plans for the worst that could happen as, most plans do fail to materialise. Having a plan B better places you in the way of a get around when your plans fail. Have that and borrowing doesn't seem like a great idea.

[someone703]

You must be aware that investing with borrowed money or leverage can amplify both profits and losses. While it can increase the potential return, it also increases the level of risk. So really weigh the risks associated with leverage and consider your risk tolerance before employing such strategies. Furthermore, running different scenarios and stress-testing your investment strategy can help you assess the potential impact of price movements. And diversify; have a contingency plan to set realistic expectations for the strategies you implement.

[alastantiger]

Investing in Bitcoin with long strategy spanning 3 years is a good and prudent approach, provided you have sufficient source of incomes to finance your monthly installments of loan. However as we are all well aware of that all financial markets are volatile and in particular Bitcoin which can potentially fall to the extent of 80%, as shown in its historical trends. Therefore , success of your plan will largely depend on your ability to continue funding your loan installments and Bitcoin market market movement in line with your expectation within next 3 years. It would be wise to carefully consider all risk factors before making investment decision.

Excellent response because the OP must have both the long term and short term view in mind. Taking out a loan is invest in bitcoin is very risky but then who are we to say no when maybe the OP already has a loan liquidation strategy. My own opinion and candid suggestion to the OP is that he should break down his 3 years plan into bits and review it every 6 months. Then you can Update it if you feel like.

[Sanitough]

Note, it is not advisable to take a loan to buy Bitcoin, this may be a suicide mission because of what will happen if Bitcoin goes opposite your predictions because there is no certainty when the bull run will happen so what if Bitcoin didn't meet your price predictions?


The only way you can take such loans to buy Bitcoin is when the loan comes with zero interest rates for the long term, even at you still have Bitcoin volatility to consider.

Still, even if it’s zero interest, I would not advise anyone to take a loan and invest in bitcoin. Though bitcoin investment can be a profitable one, but it can also give you life changing losses especially if you are not patient and skilled enough when it comes to highly volatile investments. I believe inflation in the next years will be more inevitable, but always take caution when using your money, as you can only invest on what you can afford to lose.

[tjtonmoy]

I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.

This is a good approach towards your investment plan. Bitcoin is the best option in my opinion. But it has its own risks, so proceed with caution. I guess choosing gold and silver with bitcoin is the strategy. Because of the price volatility of bitcoin could make it unusable if the price fall below your buying point, and you need to use it in an emergency. So it's a good decision that you also choose gold and silver for a backup plan.

Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.

I am not so sure that any alt coin could so as better as you have mentioned here. And what makes you so sure that in 2 years you could get so much in return as profits? One advice I will give you that, try to research a bit more on alts and be sure to take the right decision. In the end, it's your assets and your choice. So good luck.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

I don't think this is a good idea to convert everything into bitcoin. As mentioned before, the volatility of bitcoin market could lead to loss in times rather than profits. And as the world is yet to adept to bitcoin fully, in situations you will need to convert it to fiat in order to use them in daily life. So always keep a 2nd option for situations like this. Keep both fiat and bitcoin together so you don't have to face this.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

I am not so sure about choosing a stable coin as an investment plan and for a long run, it is not profitable. Also, it is centralized and could be controlled by the government or the team themselves. So I will rather choose BTC if I have to do it.

Although those are my own opinion, so if you can execute your plan perfectly and if it could give you a profit as you said, then good luck for that.

[South Park]

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.

snip

I stopped reading right there, could you become successful by asking a loan and invest in this and other markets? Yes, but the risk that you are taking is massive, to begin with who is going to lend you that money? Because most likely no bank will agree to it, and if you make use of credit cards then you need to be aware of the massive interest rates they charge you, and in that case even if you were to invest all in bitcoin there is no way to be sure if the growth of bitcoin will be enough to outpace those interests you need to pay.

[Fortify]

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Well that went disastrously wrong in the first couple "sentences" and just kept getting worse. It sounds like a bunch of terrible speculation and there is nowhere near a plan involved here. You are hoping and praying, based on no factual evidence, that you'll be able to sell these assets at a higher price. Silver and gold are notoriously difficult to predict, like a lot of things in life when everyone thinks they are just bound to go up, is when they inevitably start to trend down - you are very late to that party. Luckily, nobody with a brain is going to be loaning you much money if they get a whiff of these ideas, I just hope you don't mislead whatever poor company you end up borrowing money from because you have more chance of failing than most.

[Mario Yamasaki]

It's a good idea and we have to try, namely investing in cryptocurrencies, we can easily get opportunities for profit of 10x or more, as long as we can hold bitcoin then we have the opportunity to make big profits, don't panic when you see the price drop or vice versa don't be too quick to sell when the price goes up .