Topic: I am about to do something massivley stupid - page 3. (Read 24167 times)
Life's one big gamble. The only way out is honorable death. Then you'll get this final payout stuff yadda yadda, heaven or hell, that sort of thing.
No, you're right. Continuing to gamble is always a better option than paying off money you borrowed. Fuck you for loaning me money to buy a car and get an education, I've got blackjack to pay!!!!!
Not to mention, if you are paying cut-throat rates on your loans, the best option financially is pay them off early to avoid paying a majority of those fees, correct?
Bank loans are gambles made by the banks. They've mitigated their risk by leveraging high interest rates against the majority of their borrowers that they prey upon. I'm not saying you shouldn't pay your bills, but why pay them back faster than you need to? If you don't get what Bitcoin is about, then I can see why you consider it a gamble. Not to mention, if you are paying cut-throat rates on your loans, the best option financially is pay them off early to avoid paying a majority of those fees, correct?
No, you're right. Continuing to gamble is always a better option than paying off money you borrowed. Fuck you for loaning me money to buy a car and get an education, I've got blackjack to pay!!!!!
Not to mention, if you are paying cut-throat rates on your loans, the best option financially is pay them off early to avoid paying a majority of those fees, correct?
Not to mention, if you are paying cut-throat rates on your loans, the best option financially is pay them off early to avoid paying a majority of those fees, correct?
I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do
Paying off debt is never a stupid thing to do. Cash out and pay off those loans early. Seriously.
Yeah, if that investment is GUARANTEED to grow in value more than the interest rate for the entire life of the loan, then yes, you'd be right.
However, no investment vehicle on the planet can make that guarantee, particularly not bitcoin. In reality, this whole thing could crash to pennies tomorrow...the wise financial decision is to pay off outstanding debt early.
However, no investment vehicle on the planet can make that guarantee, particularly not bitcoin. In reality, this whole thing could crash to pennies tomorrow...the wise financial decision is to pay off outstanding debt early.
Paying off debt is never a stupid thing to do. Cash out and pay off those loans early. Seriously.
Of course paying off debt can be a stupid thing to to do.When an investment is gaining more (flash crashes included) per week than the annual interest charge on a loan you'd be far better off making minimum payments than paying down the loan.
I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do
Paying off debt is never a stupid thing to do. Cash out and pay off those loans early. Seriously.
Would be funny if he did; and repaid the student loan in 20 days 
Bought a camaro with the change.
Bought a camaro with the change.I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do
You learned that from your experience with that electric car?
(*ahem* hybrid. It takes gas)
Why yes, yes I did. Had I been able to foretell the future, and had known Bitcoin would do something this absurd, I would've held THAT money till now, and bought a new car, plus paid off ALL our debts, including the house. Oh well, I'm not out yet
(and bought a huge amount again at $47 when it seemed "stable" again) 
Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.
Bought a camaro with the change.I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do
You learned that from your experience with that electric car?
Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.
Bought a camaro with the change.I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do
Better hold on to the rest of them and see where it goes!
Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.
Bought a camaro with the change.I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do
He said he took out a $6k non-student loan for it. So, yeah... good call OP.
Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.
Bought a camaro with the change.
So did OP actually go through with it?
What an idiot OP was...
OP, you should've done it before recent 200% price increases.
try 800%
Its posts like these that show the top of the market cant be far away.
I thought about the same thing two years ago and luckily had a 2000 tuition refund from loans that went straight to a check. I can't see the price dropping more than $5-10 short term, but mid-long, ie 6-24 months, I believe it's up.
OP, you should've done it before recent 200% price increases.
I know! XD
But I also believe we have a long way to go
Lose big, win big, I am down for this gamble. Roll them bones!
OP, you should've done it before recent 200% price increases.
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