Post
Topic
Board Speculation
Re: I'm All In - Sold My House!
by
TheRealistMassiah1
on 20/07/2015, 14:47:43 UTC
They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...

Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea  Huh Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy.

I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" ....

Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ...

side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ...