Pay off your debt... living on credit is stupid and you end up spending more than if you budgeted accordingly. Basically if you show some freaking restraint, you can get more for your dollar/bitcoin rather than paying it in interest to "the man".
Listen to this man. Pay off your debts before you start investing. Don't be an idiot. The people telling you never to invest what you can't afford to lose are just looking out for you is all and just don't want to see you suffer if things don't turn out the way you want them to.
In March of '13 I got a side job that paid me $2800. I had a credit card with a balance of about $2500. I was going to pay off my credit card with that money, but instead I bought BTC at $40 each. I don't consider myself an idiot for making that move.
Good for you
How does that relate to the OP
uh, bitcoin went up 50X or 5000% in 2013. if we see growth even 1/10th of last year, your going to do very very well.
If we even see half the growth of last year, then I am definitely making the right choice.
As said in this post:
A lot of people will tell you that you are making a horrible mistake, and those same people will say that you were just lucky if your decision turns at to work huge in your favor. If you talk to a lot of financially successful people, many of them will tell you that they made a lot of good and bad financial moves in their life, but there were 1 or 2 big risks that they took that actually paid off (many by luck) and led to where they are at today.
I personally have made a few of these moves, and it has changed my life dramatically. I applaud your risk, but I do think you should hedge some of it, and pull back some profits when you can, and try and just pay off the debt that you owe. Living debt free, is the best feeling in the world.
I personally have made a few of these moves, and it has changed my life dramatically. I applaud your risk, but I do think you should hedge some of it, and pull back some profits when you can, and try and just pay off the debt that you owe. Living debt free, is the best feeling in the world.
