I'm literally shaking right now. I took out a HELOC on my home to get into crypto. I am now $100k in the hole...

I'm literally shaking right now. I took out a HELOC on my home to get into crypto. I am now $100k in the hole. I might lose the house if prices don't recover.

lol

Hope you lose your house, op

post some proof if you want pity

invest in knee pads
- Warren Buffet

Get another mortgage and buy the dip

if this isn't a larp, what were you thinking?

Lol

Stop baiting, this board has already gone enough to shit. No one is stupid enough to borrow money to invest in something as crypto, try to find a believable story next time you try to post some shitty bait.

I was LARPing as a scammed poorfag who bought memecoins before it was cool.

you assholes said it was a sure thing

"OP is a small baller punk ass bitch"
-Warren Buffett

it's always a larp

nice, just bought your 100k loan

Cuckshed time OP
Chop chop before the housing market crashes lmao

the funny thing is that there are actually people out there who did this

it would have been believable enough to play along with until you posted this.

OP is bait, but I 100% believe there are retards out there who did this. The first real MSM breakthru for crypto will be "This man lost his house and entire family savings on a gamble, but he's never set foot in a casino. How these "amateur investors" are making big gains - and even BIGGER losses. The danger of Bitcoins. Tonight at 10.

This

nice, just bought 100k

Ahahahaha, what a fuckin imbecile. I'm in profit ~ +132k$, because of you, mate, thanks. I was just trying to make a living and guys like you helped me.
I sold all this cryptoshit two month ago, when it was at the very top.
Now I'm gonna sell my current flat and buy new apartments and a new car, and spend some money on chicks and booze.

t.Internet-Jew from one slavic country

Like anyone on this degenerative board owns a house...

Will be a headline word for word one day, almost uncanny how well you have the news anchor diction down.

> I made $130k
> I'm going to immediately spend all of it on things that will cost even more money to maintain

Poorfags will be poor.

You deserve whatever you did. Fuck you. You have to understand there are consequences and down sides. You should fucking set yourself on fire; You greedy fucks are ruining the market.

it'll be alright

Pure, unbridled, unadulterated GENIUS.

On your home?! Guess what asset is going to crash next.

> tfw OP loses his shirt over-leveraging on ETH, then the bank loses its shirt over-leveraging on OP's house

...

>I took out a HELOC on my home to get into crypto. I am now $100k in the hole

that was dumb.

people don't realise that there is a whole field of professional investment managers that get paid to run beta-neutral portfolio's... meaning people pay good money to NOT be exposed to underlying market volatility.

1000% movement over months = a metric shit tonne of volatility.

Even IF the long term trend is up (which i don't believe it is with ETH for reasons i've posted previously) the underlying volatility makes it really dumb to trade on credit/margin unless you are an experience investor and understand how to hedge against the volatility** so that you can't lose your shirt... or in this case your home.

e.g. butterfly spreads or other long/short strategies. yes they cap your upside, but they also collar your potential losses.