Originally Posted by cj2wr:
Didn’t know you can buy crypto with a credit card?
Whoever might be contemplating this, just make sure you know what the hell you are doing before you start doing that. A card interest payment far exceeds bitcoin and related coin gains many months at a time. I'd suggest cashing a 401K over that. Especially now while it's cheap to do so. All this is depends on you being a HODL'r vs Trader.
If you are borrowing to trade, borrow from the ecosystem. I have crypto offered up for load to margin traders or whoever. Decent passive income there at about .085 per day (though it goes to 1 during a bull run like we are seeing now).
Just don't be foolish and don't be greedy. Greed breeds foolishness. Buying an investment on credit requires room to take that hit if it doesn't work out.
I don't like this option availability. Especially for the kids who see credit as free money. I was that kid once. Didn't work out. [Reply]
Originally Posted by eDave:
Whoever might be contemplating this, just make sure you know what the hell you are doing before you start doing that. A card interest payment far exceeds bitcoin and related coin gains many months at a time. I'd suggest cashing a 401K over that. Especially now while it's cheap to do so. All this is depends on you being a HODL'r vs Trader.
If you are borrowing to trade, borrow from the ecosystem. I have crypto offered up for load to margin traders or whoever. Decent passive income there at about .085 per day (though it goes to 1 during a bull run like we are seeing now).
Just don't be foolish and don't be greedy. Greed breeds foolishness. Buying an investment on credit requires room to take that hit if it doesn't work out.
I don't like this option availability. Especially for the kids who see credit as free money. I was that kid once. Didn't work out.
How does 0% interest far exceed gains on a bitcoin. [Reply]
I dont know about you guys and Im admittedly not the greatest at TA but that BTC chart is looking bullish af, 100k by end of year is more likely than not in my opinion. [Reply]
Originally Posted by Hog's Gone Fishin:
I've got some Cardano. How should it be played? Let it ride a little higher and sell or just keep it long term???
Smart contracts go live on Sept. 12. We are running up to that. Next is scalability and governance initiatives. Those two are big. I like it long term. Probably a pullback after smart contracts go live. [Reply]
Originally Posted by eDave:
Smart contracts go live on Sept. 11. We are running up to that. Next is scalability and governance initiatives. Those two are big.
Originally Posted by eDave:
Just ADA right now. Staked. Staking gets me, on average, 165 ADA every 5 days as well as whatever the price does. That's 5ish%.
I'm long term and real bullish about it. I believe ADA will boost emerging market investments as well.
165 every 5 days. Holy shit, that adds up fast. I need to stake mine I guess but can't figure out how on Coinbase. I don't see a staking button. LOL [Reply]
