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20 sats \ 5 replies \ @ek 9 Nov 2022 \ parent \ on: Daily discussion thread
Don't know, maybe? You mean this one: #71281?
Seems like it, your comment there suggests it, haha
I still think it was a great idea. Even better now that the market dropped.
I never planned to do a lump sum into the market at once anyway
I never planned to do a lump sum into the market at once anyway
Actually, my initial post suggested that that was my plan:
How dumb is it to take out a credit to buy a big chunk of bitcoin soon-ish?
I just didn't want to miss the boat. But I didn't plan to put all at once.
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If you asked me the question today, my answer would be different.
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You mean now would be a good time to take out a loan? Why?
What is different between this
and this
in terms of taking out a loan?
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Around a 21% difference if my calculations are correct.
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Well, I still have most of my loan so imo it doesn't matter that I took it out earlier.
In fact, now I already have access to it instead of waiting for approval etc.
Also, a month ago, you couldn't have known that the market would dip again. I think a 70% drawdown from ATH is already a good opportunity.
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