Post
Topic
Board Altcoin Discussion
Re: I YOLO'ed into a snap purchase of LTC tonight!!!
by
lunobird
on 28/01/2020, 04:33:55 UTC
Lol. Thats the spirit I had in 2017. Good luck to your new coin purchase. But slow down a bit on that moon juice and just play the long game and risk what you can afford to lose.

 Even if all goes well and price rise will it rise enough to outpace payPal credit card fees of 20 percent apr?

Also any profit you make the tax man will collect on his share. So the short term gains if any may not be a big enough payday for the work, risk, and stress involved with tax reporting and record tracking short term income gains. I would rather go for the 10-100x gains but that takes years and luck.

Bc you bought on credit your under additional time constraints and may not be able to hold out long enough to enjoy future gains.

Best to average cost buy in couple hundred every month.

 Unless you feel like this is going to be just like 2017 than ya max the credit cards and sell the house Smiley j/k don't do that bc that makes you a gambler and your wife will divorced you