Re: Experiement: Digging myself out of debt by taking loans to invest in crypto...
Alright everyone,
The student loans finally came in today. Seemed like forever I was waiting, but maybe that's just due to all the anticipation, especially right now because the market is offering up plenty of discounts on great coins. We are finally at the point where I'm ready to get my hands dirty and get my money working for me. I may have mentioned earlier, but I own pretty small positions in the following:
Siacoin
Electroneum
Ripple
Stellar
Cardano
Substratum
Zcash
Omisego
Stratis
Just to keep life simple, does anyone have any feedback or insights on the potential of those coins and their current price? I'm not betting my life on any of them or whatever I choose to add to my portfolio, but would still like to hear if anyone has any strong opinions in favor or against them. As for coins I'm looking to get into, I've had a few on my radar that I've been watching and they are:
Elixir - Seems to be a solid project with a small marketcap which leaves a lot of potential there
Loopring - A friend is a supporter of this coin and has been telling me to get in on it while I can.
Binance - Their exchange is popping right now and I feel like it'll continue to be peoples' go to exchange, so the coin should increase...
COLX- This is ranked lower than 300th in marketcap, meaning it's got a lot of room to grow IF it proves itself to be worthwhile
Finally, here are some coins I personally haven't looked into but have just heard so many people all excited about them and I guess I have a small fear of missing out in case they are good. They are Verge, Tron, and Raiblocks. I just haven't looked into them because I've heard about them SOO fucking much that I assumed I may have missed the boat on them.
Lots of shit to think about, but I really need everyone's help turning this $2000 borrowed investment into the roughly $45,000 I'll need to pay off my student loans. I am going to try to keep pumping money into the market while I'm finishing my final semester in school. To that end, I have decided to not treat myself to many of life's little luxuries that in the past I didn't hesitate to spend money on. I am not going to eat out, not going to go out and party, not going to buy new shoes, clothes, etc. I'm trying to look longterm and imagine the potential profits I can make on every dollar I can invest. I don't assume it's ok to spend $5 on a sandwich because I need to eat, I look at it as "I just deprived myself of 50 more electroneums." Really trying to focus on opportunity costs and just live simply and low-maintenance during this time of financial sacrifice. lol
Let's get ready for the fucking adventure. I'm super geeked to be starting this journey and keeping a journal of the progress in this post. It'll be great to share this ride with everyone and hopefully it'll feel like a team effort in the end. This is an experiment to see if one of the little guys can overcome the burden of paying back the man on his own terms. Most of society would resign themselves to the fact that in order to pay back a large debt like this they would have to toil for years as an indentured servant to their master. Here's to at least trying to be different.
Cheers
The student loans finally came in today. Seemed like forever I was waiting, but maybe that's just due to all the anticipation, especially right now because the market is offering up plenty of discounts on great coins. We are finally at the point where I'm ready to get my hands dirty and get my money working for me. I may have mentioned earlier, but I own pretty small positions in the following:
Siacoin
Electroneum
Ripple
Stellar
Cardano
Substratum
Zcash
Omisego
Stratis
Just to keep life simple, does anyone have any feedback or insights on the potential of those coins and their current price? I'm not betting my life on any of them or whatever I choose to add to my portfolio, but would still like to hear if anyone has any strong opinions in favor or against them. As for coins I'm looking to get into, I've had a few on my radar that I've been watching and they are:
Elixir - Seems to be a solid project with a small marketcap which leaves a lot of potential there
Loopring - A friend is a supporter of this coin and has been telling me to get in on it while I can.
Binance - Their exchange is popping right now and I feel like it'll continue to be peoples' go to exchange, so the coin should increase...
COLX- This is ranked lower than 300th in marketcap, meaning it's got a lot of room to grow IF it proves itself to be worthwhile
Finally, here are some coins I personally haven't looked into but have just heard so many people all excited about them and I guess I have a small fear of missing out in case they are good. They are Verge, Tron, and Raiblocks. I just haven't looked into them because I've heard about them SOO fucking much that I assumed I may have missed the boat on them.
Lots of shit to think about, but I really need everyone's help turning this $2000 borrowed investment into the roughly $45,000 I'll need to pay off my student loans. I am going to try to keep pumping money into the market while I'm finishing my final semester in school. To that end, I have decided to not treat myself to many of life's little luxuries that in the past I didn't hesitate to spend money on. I am not going to eat out, not going to go out and party, not going to buy new shoes, clothes, etc. I'm trying to look longterm and imagine the potential profits I can make on every dollar I can invest. I don't assume it's ok to spend $5 on a sandwich because I need to eat, I look at it as "I just deprived myself of 50 more electroneums." Really trying to focus on opportunity costs and just live simply and low-maintenance during this time of financial sacrifice. lol
Let's get ready for the fucking adventure. I'm super geeked to be starting this journey and keeping a journal of the progress in this post. It'll be great to share this ride with everyone and hopefully it'll feel like a team effort in the end. This is an experiment to see if one of the little guys can overcome the burden of paying back the man on his own terms. Most of society would resign themselves to the fact that in order to pay back a large debt like this they would have to toil for years as an indentured servant to their master. Here's to at least trying to be different.
Cheers