Topic: My wealth plan for next 3 years - page 5. (Read 934 times)

Your plan is akin to a bold sea-captain setting sail amidst a storm. There's potential for great reward, but also considerable risk. Borrowing at a high fiat value is indeed advantageous, but ensure that your ability to repay is not solely dependent on market factors. Investing in a range of assets, including Bitcoin, gold, and silver, indicates a keen understanding of the necessity for diversification. Yet, be cautious of overconfidence. Particularly with regards to AIDOGE coin, as not every ship in the harbor is destined for the open sea.

Concerning the 'whales' and market manipulation, one must remember that the ocean is vast and the tides are ever-changing. Do not allow fear to dictate your actions but rather, strive to navigate the sea of investment with wisdom and patience. Your inclination to invest heavily in Bitcoin due to expected inflation is logical, but do remember, stability is a key characteristic of any worthy reserve. Therefore, holding a small amount of stable fiat currency could act as a safety net in volatile times.

As for USDC, your anticipation for its growth reminds us that the world is full of possibilities. However, like a seafarer hoping for clear skies, one must prepare for the storm. Balance your portfolio and ensure your financial ship is ready for all kinds of weather.

I do not deny that investing in memes can bring great returns, maybe even life changing overnight. Pepe is one of the more profitable memes for investors than Doge and Shiba have ever done. But you see, how many people succeed in making a profit from it, or is it only after they hyped things up that you find out? AIdoge is a shitcoin that is nothing new, many people have also profited from it. And now that you are thinking of investing in it, is it too late?

Your plan needs to redefine, what percentage of your net worth are these loans or do you have assets to cover them, the interest on those loans, and how long you can wait to pay off those loans.

I do not expect that you will get loans with low or fixed interest, but rather they will be variable and the repayment deadlines will be within a year, which is the period that I invest in bitcoin. You may not achieve enough return to pay the interest, let alone the loans or make a profit. If you get zero-interest loans, the risk factor still exists, because you do not guarantee that the price will not decrease when the repayment period comes, or that you will need liquidity during this period.

You are playing a dangerous game with taking loans, and you must realize its dimensions before you think about investing.

DCA is later you should think about the basics.

Safemoon pepe...and now aidoge many investors Made good Money with pepe i missed pepe so i take aidoge

True we don't know what it will be yet and we can only hope that it can reach the new ATH,
investing definitely has risks and when we use borrowed money as investment capital, of course it will make the risk even bigger,
it is better to minimize the risk, one of which is by not using borrowed money to invest.

Bitcoin will soon face halving, but there is no certainty and guarantee that history will repeat or new ATH will be created. So putting too much trust and most of your wealth in bitcoin is never a wise idea. Regarding metals, they only give us stability in value, helping us against the loss of fiat value due to inflation. So I think it is more appropriate to use them as a means of saving than to expect a profit from them, and borrowing money to invest in gold or silver is also very risky unless it is idle money. In short, investing with borrowed money is never a good plan.

It is very risky and very brave if OP makes a loan to invest in bitcoin, because bitcoin is not easy to predict even though in the long term it will provide good profits. But you have to know that anything can happen due to several factors that have never been known before, so you have to think about it carefully.
and my advice is that you better sell something expensive that you have and use it for bitcoin investment and for the long term. And this is to anticipate if it doesn't match expectations, and you don't get dizzy or stressed because if you make a loan and it doesn't match expectations, you have to keep returning it or repaying it until it's paid off. And if your investment is successful, you can buy back the expensive item you sold, or you can even buy back something much nicer and more expensive.

I don't know where the op is from, and taking loans is a natural part of life in some countries, but certainly not where I'm from. It honestly doesn't seem a good idea to take a load to invest in Bitcoin, gold, and silver. Investing in altcoins is even more expensive, but again, the bigger issue IMO is the initial plan to take a loan to invest. One shouldn't invest what one cannot afford to lose because investments are risky, and one can get into more serious troubles by investing the money one borrowed somewhere. DCA is a good strategy, but I think it should be used with spare money, not loans.

The strategy you are implementing is indeed very good, because you involve bitcoin, gold and silver in your strategy. Because these three assets can be considered very good assets, when viewed in terms of quality and interest among investors. The most important thing is that you have to be able to maximize the capital you have, because it will be very risky if you don't succeed or don't make a profit on the plan. Especially because the money you use is the result of borrowing. It is certain that the risk that you will face will be many times over if that bad possibility occurs. But that's only the worst possibility, which you should be aware of. Because if you think about it, bitcoin will soon face a halving, gold always has a stable price per year, and silver always has a stable price. But if you invest in gold and silver you should know that within three years, I don't think there will be big profits to be made. Because even though the price of gold is stable, the price increase experienced by gold annually is not too big. And the money that you will invest in gold and silver I don't think will increase too much, unless you invest a large amount.

His plan from the beginning was not good, borrowing money to invest has never been a good thing. Even more dangerously, he is referring to investing in bitcoin, a highly volatile asset with an uncertain future. And yet, I see he mentioned investing in a shitcoin that is AIdoge and wants to make 1000% profit from it. I'm really worried for him if he actually borrowed money to do these things. This is a plan anyone can come up with, and if things had gone that easy, I think everyone would have done it a long time ago.

What if the AIDOGE coin has no price after two years later, what are your next plans to pay off the loan. Cryptocurrency investment is not only about profit, the risk of loss also needs to be considered. There is no problem investing using borrowed money as long as you have the resources every month to repay the loan + interest. It is necessary to pay attention to losses before talking about profits because Cryptocurrency Investment is like a double-edged sword.

Your plan is one of the worst plan have ever seen, your analysis is completely poor, and your planning is bad. The first place which you got everything wrong is taking a loan to invest, it’s a bad idea taking a loan to invest in bitcoin, but honestly I no nothing about investment in Gold and silver which you just mentioned, I have invested in any of it before and am not really planning to do that.

Why will you take loan and the next thing you are planning to do is to invest in AIDOGE, and you have confidence that it’s going make 1000x for you after 2 years, hope you know one of the most risky investment is investing in Altcoins. They worst mistake you will ever make is to take a loan to invest in shitcoin, just consider that your money is gone already, my advise for you is to avoid loan and also to avoid shotcoins.

It's good if you have a clear investment plan so you can have the opportunity to make a profit because that's what investors are looking for. As long as you survive to make ends meet and can hold onto your bitcoins, I don't think it will be a problem for you. And doing the DCA strategy will increase the number of your bitcoins so that later your profits will be bigger when the bull run comes. But I suggest you be careful because we will still see a situation like this before the bull run. So you need to be prepared if the situation is like that.

Your wealth plan has quite the adventurous spirit! Taking loans when fiat value is high, investing in BTC, gold, silver, and banking on AIDOGE coin for astronomical gains in 2 years bold moves indeed! Just remember, the world of finance can be as unpredictable as a rollercoaster. Keep your strategies flexible, stay informed, and may your investments soar higher than ever before!

There are many ways to build assets for the future, invest or run a business, but not everyone can run them, some people are constrained by capital.
therefore I think to build wealth in the future we must do many ways and must be prepared to take big risks because basically profits will not be obtained if there is no risk so explore anything and dare to take risks, such as borrowing or starting a business but all of that must be calculated and studied first.

I think nothing is forbidden, everyone who wants wealth in the future must work and do harder to get it.

It is better to plan investments for the future but invest according to one's ability. It is better not to take a loan sometimes it becomes difficult to make a debt settlement and then it is not possible to invest. You can choose the best investment plan with high returns or a short term investment plan with minimum returns depending on your goals. If you can allocate money towards investments and savings, it will secure your future and help you build wealth. Basically the more money you have the more ways you can use it.

To be honest, the plan that you are preparing is a good plan, but you need to pay a little attention in terms of financing, when you want to make an investment with borrowed money either from a bank or other loan place, it seems that this is not very effective, because investing is also a risky job, although you've managed the best you can, and it's basically a win-win.

Maybe the problem is installment payments to cover your loan, in the sense that when the investment doesn't match your target later, and if you actually have another job and maybe you can match your needs even more and be able to pay installments for the loan, we don't think this is wrong , you can continue to plan for investment, because remembering this is good for you and the future.

The potential for bitcoin to reach ATH will probably take another year or a few days before the halving, it has been proven that many people have become rich because of bitcoin because they can take advantage of the right moment, I also hope to be able to buy more bitcoin this year so I can be like you.

It a quite funny Post OP, I think you are not serious with your plan as I can see you are trying to invest the loan amount + you are investing to avoid inflation which is a good idea but where you are investing DOGEAI are you sure about it that it will be non-inflationary with respect to time. Shitcoins are the disease and you are investing the money of one disease Loan to another disease Shitcoin. Not recommended rather than Investing the Loan amount I would say you should consider the Salary cut-off in DCA even if it's a small value. I was wondering with your expectations of 1000X haha iw ould say please don't even expect 1x in profit for next 3 years and 1000X is not possible until the arrival of SUN to earth.

You're so certain this will go according to your plan. What if it doesn't? What if you don't make profit and have to pay the lender?
What if this aidoge becomes another overhyped worthless project that instead of 1000x brings you -1x?


Betting on some coin to becoming world reserve currency? If someone gave me a choice to either bet on this or on bitcoin going to 1 million dollars, I'd bet on the later.