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This idea is voiced for a good while, like by Alaska Anon.
This is the math:
Get X € with 9,5% Interest over one year and
invest it in Monero and or Gold
Have higher returns.
Do people have experience with this? What do you suggest? It seems 'risky', but also like a good bet.
@esna7 i know personally people on my country
he almost 2 city away from me
the bank interest was around 6%
he going all in 5682$ 2x for monero and bitcoin
the collateral he sign his land and home (he had 3 separate land and 2 separate home, and he give away one just in case he failed)
since its big money he can negotiate the interest around 4.7%
while booth monero and btc give him pure grow, booth of them isnt loss, (i forget the year but its around 2024 or 2023)
that's why i following him stacking some more xD except i doing it with gold too
so far if you want to keep it long run, like... 1 year-ish. just do gold, btc, but for today i think since FCMP++ will be here soon maybe prepare for it too
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@fujimoto
Diversification and rebalancing is how you avoid needing to time the market. Come on man thats basic shit.
Overall, I think its better to promote curiosity than to just ignore everything which has risks.
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I love buying gold, silver, and XMR but I don't like using debt to do it. Much comfier to get rid of my dirty fiat and hold hard money. But I'm also a weirdo :P
@Stylus1063 aww fuck thats happened to me a few time too.
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@Nebuchadnezzar_II
ok. but still wouldn't do it myself. Risk tolerance thing I guess.
Not anti-risk, just wary of a year-long price guess funded with borrowed money specifically.
@fujimoto
fair enough, cant argue with that.
The biggest risk is the one you dont see coming eh?
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@Yuzuki I am not saying I will do this, but I disagree with what you said.
I don't consider this trading, like the degens do it. I know 5 assets in which I berlieve, non of them are Memecoins and all of them are ideological.
If I make losses I would have my buffer to pay, so I wouldn't be stuck paying interest.
Looking at the USA so many people are in debt for stupid reasons (house, medical, mcdonalds.....
I would go into debt to potentially increase my money by a lot.
@xenu Yeah, i get that.
I feel like with everything coming up, taking risks such as I proposed it either
Both are good options.
