I made five figures this past week

I took out a payday loan and made over $9k shorting Bitcoin when I bought the dip. Just paid it off, feels great. I've already made my money back and by next year my credit rating will be good enough so I can start taking out business loans for this shit instead of maxing all my credit cards.

This is a recipe for disaster

It's a recipe for making money. Bitcoin is mooning and it will only go up.

oh god we're gonna crash

How much did you put in?

>beatcon will keep going up forever

>muh store of value

not utilizing debt to maximize gains. youre not gonna make it.

the way op did it is retarded tho. fucking shorted bitcoin.

shorting bitcoin when you bought the dip?

do you realize this makes no sense?

short = selling
long = buying

I bought 2 BTC @ $13k/ea. Blew through my end of the year savings, chrismas shopping money, two visas and a $5k payday loan but I did it. I'm up ten big ones now and it feels amazing.

Only problem is that I'm taking the bus and eating soup and not having Christmas this year, but fucking whatever I'm making GREEN.

because my credit is shit (I defaulted on my last car loan after a refinance) I can only buy about .25-.5 BTC per month. If my landlord wasn't such a stuck up bitch I'd be able to get more

Grats! :D Sounds awesome.

you have a problem

A problem of making money, it's a great problem to have. Once I'm able to get real money from a regular bank I'll be able to make some real fuckin trades.

>take out $20k loan at 12% interest
>buy BTC very near it's ATH of 17k
>BTC immediately falls to 12k and sits there for 6 months
>tfw you're paying down a loan while accruing interest, losing all of your gains and putting yourself further into debt

Yeah, sounds like a great plan OP.

I'd recommend not putting in any more than you're willing to completely lose. But like I said, grats on your gainz, hope to get some as well

bitcoin will easily pass 20% through this time next year at $22k. That's fucking for real especially when airlines start taking BTC and it doiubles overnight as people cash in their miles for coins. I'm at the ground floor of this.

Just make sure that when it crashes and your stuck with the debt, you off yourself quietly and don't come on here to make a spectacle of it. Taking out loans for essentially gambling, is fucking retarded.

whatever, I make a lot of money doing fintech security while ubering on weekends. I can afford it, I can afford more and would go all in if I had the guts.

Airlines are not going to start taking BTC, man...you're out of your mind.

Not when transaction fees are $60. It makes no sense. BTC has the first mover's advantage -- it's old tech at this point. the SegWit takeover was the first nail in the coffin for its use as a method of payment.

>Airlines are not going to start taking BTC
What is this? 2013?
There are a few that already do, and have been for quite a while.

yeah and i bet people use that all the time because bitcoin is useful

No, it's , and BTC is outdated as a means of payment.

why wouldn't airlines take BTC? It's the perfect currency because it has no restrictions unlike cash, travelers checks and plastic. Things are clearly going that way, it's just a question who will start it. If American or European airlines don't Chinese ones will. Fees will fall as more people use the service and competition occurs.

also even if day to day transactions are done through some other proxy like litecoin, it doesn't matter because BTC is what people will put their savings into. This is the thing that pension funds and shit will buy into and make all pre-2018 bitcoin holders millionaires

is it possible to get a payday loan without a job?

What platform do you trade on? Binance rite?

yes, if you plan on getting a job someday

Cryptocurrencies in general will be used for payments, obviously. Just not BTC.

You're gonna fuck up eventually. Stop gambling on borrowed money while you're ahead.

yes but BTC is the trunk of the system, everything else won't work about it. There's too many people in on it