what are the points of getting one? stuff like Lending club exists to "help" you with debt, by giving you more debt. or is it a way to debtmaxxx, like getting 10k and throwing on something like bittensor or something.
The apy I earn on USDT is higher than the interest I pay for a loan so I'm just debtmaxxing. Could it all go wrong? Yeah. We'll see.
>>58994533thats what i thought, I heard, Loan-> to BTC or ETH -> some cash in pocket like 5k or something->move to south america or east asia and ,ive comfortably until you 10x your loan.
>>58994490i wanted to buy now instead of saving 20k over the next like 6 months so i did it, i pay extra 5k after 7 years if i dont pay it early, who gives a shit
>>58994870what did you buy if i can ask? I know someone that dumped 50k loan on BTC at 18k last year.
>>58994917i picked 4 top 200-300 alts, good luck to me
>>58994920good luck man, he turned it to 200k, gradually paying off the loan lol, with minimum payments, im pretty sure he hit a million with buying alts too. seems like a good gamble.
>>58994490buying crypto, duh. took a loan to buy CATE, loan paid itself :)
If you have to use your credit card to pay for major purchases. Lending club cuts the interest rate in half and raises your credit score.Say you use your CC to purchase crypto then cut the interest rate using a lending club. Just have to factor in the financing fee.
>>58995174never used credit card before, isnt it 0% interest if you pay it on time? or is it only when you paid if off completely?
I just dont pay back. lol!
>>58994490If you use it perfectly, then you can make money off of other people's money. The problem is that the numbers are against you. 78% of people are in credit card debt and don't pay it off every month. Everyone thinks they're the wolf on wall street, but the house has a major advantage and 3/4 of people lose money in the long run off of the interest. Theoretically, you take the money and invest it into something that pays a higher rate. The reality is most people just make bad gambles because of duning-kruger and they end up deep in the hole.
>>58994490You put it all in yield accounts and see the money grow.Meanwhile you pay the loan off normally and when finished get a bigger loan.All of it in the yield account again.Repeat.
>>58994533you got a loan for less than 5%? I have great credit but don't see any options lower than 7%
>>58994920Tell me you're a stupid goyim without telling me you're a stupid goyim
>>58995637>>58995266>>58995887>>58996648my plan is to dump it all on something like $TAO which will hit 10k or 20k next year or the year after. like if you accumulate more than 20 $TAO youre all set, why not just go crazy with it.
>>58994490
