Quote from: Rigon on April 28, 2023, 11:42:31 PM

Quote from: smartaction on June 29, 2022, 11:07:41 AM

I decided yesterday morning that I would buy 1 bitcoin from this dip market. But I did not have enough money. With which I can buy 1 bitcoin. I had an Fixt Deposit of $ 6,000 in the central bank. And the bank would paying interest at the rate of 5.5% APR. I broke it down yesterday and decided to buy Bitcoin with that money. But with this money I will not be able to buy 1 bitcoin. On the other hand, my dream and desire is to buy 1 bitcoin. I then decided to take a loan and applied to the bank for a loan. But I told the bank that I would use this money for business. The bank agreed to give me a loan of $10,000 at 10% APR interest. I take advantage of that opportunity and take out a loan. And the remaining $ 4,000 I borrowed from my uncle and promised to pay him 8% APR interest, which is more then bank interest. Finally i bought just now 1 BTC price at $20,000. It gives me a different feeling That feeling I have never had before. I think if I hold this bitcoin for 2 years I can get 100% -500% profit. Then I will be able to easily repay my debtors with an average interest of 18-19% in 2 years as an average of 9.something% APR and I will be able to keep a huge profit.

You emerge as a successful investor with the mindset you invest with. When you buy 1 bitcoin for $20000 you often have a profit of over $9000+ nowadays. It shows that you can repay the loan that you have taken from the bank with the profit money. But I know you still hold your investment. Maybe if you can hold your investment till 2024 you can earn maximum in life. There are many people, not all of them can take the kind of risk that you take and show that you are truly a successful investor. I wish you success in your investment. I also had the same thoughts as you but I didn't dare to take the loan due to which I failed in the investment. I am investing some of the money I earn from here.

There is no evidence that OP had been able to hold through the dip period, service the loans, not panic through the whole period, and therefore still be in profits, currently.

So I would not presume that he was able to successfully carry out his intended play, merely based on his having had told us that he was going to do it.

There are decent odds that OP ended up getting reckt as fuck.. and that is part of the reason that he has not been providing any updates in the past 10 months or so, and there is even some of his posting evidence to show that he had not been managing his cashflow sufficiently in order to really play out the UPs and then DOWNs of the whole last 10 months and to see the light of day after our BTC price recovery that had largely been happening since late December (early January), but instead, OP may well have had fucked himself in this whole gambling matter and did not have abilities to sufficiently service the loan and to pay his own living expenses during the down period..

And, even his last post on the forum (in late October, right before the BTC crash that related to finding out that FTX didn't have the bitcoins they claimed to have had had), he was asking for a non-collateralized personal loan..

For reference, look at this:

Quote from: smartaction on October 28, 2022, 07:12:51 AM

Loan Amount: 1000 USDT
Loan Purpose: Personal
Loan Repay Amount: 1040 USDT
Loan Duration : Up to 3 Months
Loan Repay Date: maximum to 28/01/2023
Type of Collateral: None
Escrow profile Link: NA
USDT Address (TRC-20): TL2D4RhWGMMX2WybMVwhm7cuqJz6B3EKvN

Quote from: Litzki1990 on Today at 03:03:44 AM

The way I think about it is that you should never invest in Bitcoin by taking out a loan. You have taken a loan from the bank and also borrowed money from your uncle and not a small amount of money but a lot of money you are in debt right now. You had $6k which was enough to invest, which you could have done without taking out a loan. You bought bitcoins in a two year plan how will you pay off that much debt if the price of bitcoins doesn't increase as you thought. Although, according to your information, you have made around $9K in profits on Bitcoin investments, you can still sell your investments and pay off your debt and reinvest the rest of your money, because if the market collapses in any way from this situation, then It will never be good for you.

OP did not seem to have had thought the matter through as thoroughly as you suggested Litzki1990.

Quote from: Jatiluhung on Today at 03:19:07 AM

Quote from: smartaction on June 29, 2022, 11:07:41 AM

I decided yesterday morning that I would buy 1 bitcoin from this dip market. But I did not have enough money. With which I can buy 1 bitcoin. I had an Fixt Deposit of $ 6,000 in the central bank. And the bank would paying interest at the rate of 5.5% APR. I broke it down yesterday and decided to buy Bitcoin with that money. But with this money I will not be able to buy 1 bitcoin. On the other hand, my dream and desire is to buy 1 bitcoin. I then decided to take a loan and applied to the bank for a loan. But I told the bank that I would use this money for business. The bank agreed to give me a loan of $10,000 at 10% APR interest. I take advantage of that opportunity and take out a loan. And the remaining $ 4,000 I borrowed from my uncle and promised to pay him 8% APR interest, which is more then bank interest. Finally i bought just now 1 BTC price at $20,000. It gives me a different feeling That feeling I have never had before. I think if I hold this bitcoin for 2 years I can get 100% -500% profit. Then I will be able to easily repay my debtors with an average interest of 18-19% in 2 years as an average of 9.something% APR and I will be able to keep a huge profit.

It doesn't feel like it's been almost 1 year (less than 2 months) since you Op made a thread about your experience to get 1 bitcoin. And you achieved it last year even though you were assisted with the money from the loan. And you said to hold on for a few years didn't you. and if you are still holding it then I think today you are smiling broadly. because the current bitcoin price has almost touched $ 30,000USD. And it seems that your courage last year can produce good results. and if you continue to hold firmly then it is possible that the profits you have will multiply again.

You (Jatiluhung) seem to be presuming that OP was able to hold through the whole period and service the loan without getting reckt in the process.. I am not going to presume that based on the facts in front of us... and reasonable inferences that can be made from OP's lack of posting (mosty disappearance from the forum) since October.