My wealth plan for next 3 years - page 7.

Hamphser

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Here are some keypoints which i would need to clarify or remind about.
1. Taking loan is never been advisable specially if you are really that expecting for some returns in a particular time.
2. Investment in Bitcoin wouldnt be bad but dont expect some returns on a certain period.As for traditional investment is really just the same.
3. AIDOGE is the first ai coin in Arb network, dont know if it does have that utility or not, invest on your own risks
4. Dealing with Shitcoin is gambling so be cautious about the risk
5. Stable coin or USDC isnt something that viable to hold on, there's no point on hoarding CBDC's. lol

AmoreJaz

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Quote from: DiMarxist on May 29, 2023, 03:49:24 PM

The map you draw is very good but, I Hope you are not taking out a loan to buy crypto assets, are you not the least bit worried about the very real and imminent collapse of the banking sector and resulting in a stock market crash that will almost certainly eventually take the crypto market down with it. So don't take loan to invest because you don't know what will happen next in the journey of crypto investment. Because price of Bitcoin is like a upsidedown magic, because the crypto market still follows the demand and supply curve.

it seems to me that he is promoting the aidoge coin here as he inserted it in his statements. so more then likely, he wants to promote such meme alt. but in any case, the OP should think of investing outside the crypto market.
fiat may have its own problem but you can always think of other tangible assets to secure for yourself like real-estate or precious gems.
i won't totally trust my investments to crypto because of its volatile nature. also, don't ever take a loan just to buy some crypto. that would be a disaster if the coin you bought suddenly collapsed.

DiMarxist

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The map you draw is very good but, I Hope you are not taking out a loan to buy crypto assets, are you not the least bit worried about the very real and imminent collapse of the banking sector and resulting in a stock market crash that will almost certainly eventually take the crypto market down with it. So don't take loan to invest because you don't know what will happen next in the journey of crypto investment. Because price of Bitcoin is like a upsidedown magic, because the crypto market still follows the demand and supply curve.

southerngentuk

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It is a good thing that you have drawn up an investment plan for yourself for about 3 years. However, looking at your plan, I think borrowing money can be a risky move. The cryptocurrency market is inherently volatile, so it is not certain whether the investment will be profitable or not, so a loan here can become a knife to kill you. So do not borrow money to invest in this market, thinking that it will surely make a profit and repay that loan. That is what you think; the reality of the market is very harsh, and there is no room for such easy dreams of getting rich.

molsewid

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Quote from: terencio on May 29, 2023, 11:02:39 AM

Your wealth plan sounds very risky and speculative. Taking loans to invest in volatile assets like crypto, gold, and silver could backfire if the market goes against you. You could end up losing more than you borrowed and having trouble paying back your debt. Also, investing in unknown coins like AIDOGE1 could be a scam or a pump and dump scheme. You should do your own research and due diligence before investing in any crypto project.

But loans are not really that bad it could help sometimes , taking a good debt just for you to add in your investment or to have a new investment is not bad at all, it only in each and everyone's perspective on how we will treat loans. But better be sure to have a backup plan if everything goes not in your plan or if it is fails so that you will not be drowned in debt.

Shortmaster

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Quote from: Dickiy on May 29, 2023, 11:02:43 AM

Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Quite brave and every decision requires its own risk. But how does the loan system work? I mean with interest every year that you are sure to bear and what kind of guarantee is it to maintain the borrower's trust? As far as I know, having a loan for 3 years is a very risky loan and the guarantee level is definitely not easy. Just wanted to know the system works as you will be planning to invest in Bitcoin and of course some other stable assets.

Next 2 years we gona have bull run wealthy knows and i know the wealthy ones do same once market on dip they borrow funds to buy the dip so i'll do the Same.
Btw....fiat currencies value gona fall in the next months

Mame89

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Careful planning for future investment. But Hope you are not taking out a loan to buy crypto assets, are you not the least bit worried about the very real and imminent collapse of the banking sector and resulting in a stock market crash that will almost certainly eventually take the crypto market down with it. It would be wise for your planning to continue as long as it is not with a loan, that's just a suggestion. I know you must know about your own finances and also know about the risks, but there's nothing wrong with rethinking loans than regretting them later.

Although Many experts say we are headed for a depression, this will ultimately be good for bitcoin as it will cause a currency reset. But there are so many variables at play here that have never been a problem in a lifetime crypto market. Nothing wrong for the next few years in my opinion, a prolonged bear market is a possibility. and If it does, I would expect an initial cycle peak for the bull run.

imamusma

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Quote from: Shortmaster on May 29, 2023, 08:18:20 AM

biggest problem with people is that you don't want to learn how the system works.
Learn how it works it's script and learn the script.

Generally the market will give you returns due to price volatility, however you should not ignore any form of risk, but only look at the positive side and the possible return on your investment in the next 2-3 years. I'm not going to teach you because I'm not responsible for it, but a little experience might allow you to decide wisely.

Don't take a loan to invest because basically you never really know how your investment journey will go ahead. Even if you believe price volatility can bring you profit, you can never guarantee whether you have met safety standards for holding your investment assets. Many people lose their investments not only because of the loss of their asset's value in the market, but also because of failure to secure the wallet. But if you insist on being able to handle any risk, then that is your full right as the person in charge.

BitcoinPanther

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

snipped..
And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

There is no problem with your plan as long as you have the fund to pay for your loan monthly. Waiting for BTC to surge will take you at least a year or two but you have to pay for your loan monthly or else you will face a bigger problem. If you failed to pay your loan, the lender might force you to pay and may confiscate any available asset you have or put you in jail. By then you might end up selling your investment to save you from being imprisoned. So make sure that you have different source of income aside from your planned investment.

mvdheuvel1983

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

You have violated the first rule of cryptocurrency investing: Never take out a loan to invest in cryptocurrency. Allow me to kindly remind you that you are participating in an extremely volatile and speculative market where anything can happen, and there is a risk of losing your invested capital.

I had hoped to come across your plans for diversifying your investment portfolio beyond cryptocurrency, but I was disappointed to find no mention of it. This lack of risk management is another significant mistake that I believe you should address. While I'm glad to hear that Dollar Cost Averaging (DCA) is part of your investment strategy, I urge you to apply it exclusively to Bitcoin and refrain from involving other cryptocurrencies for now.

yhiaali3

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Yes, a good plan in theory, but we still have to apply it in practice to see the results.

Taking a loan from the bank during inflation and buying gold or crypto assets is a very good idea, because fiat loses its value every day while gold or crypto increases in value and so in 2-3 years it will be as if you have not borrowed anything.

But you have to be careful because new issues may appear to you during the debt repayment period that will prevent you from paying, and this may expose you to failure of your entire plan. You have to be prepared for emergencies.

AnonBitCoiner

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Taking loan for investment purpose is not so bad but try to choose that way which will surely provide you profit like that is investment in gold but on the other hand investment in Bitcoin is not guaranteed so its not easy to return that money which you have taken from other person as a loan.

Actually thinking about profit is easy but once a person enter into the real life then getting profit is not as easy as we think about it. There is no doubt about the positive results of bitcoin but I think burrowing money should be avoided as volatility is on its peak and no one knows that in future what will happen.

Try to use your own money even little sum but don't take loan if you are taking loan then gold is the best decision as there is not such higher instability with price of gold as compared to bitcoin.

stompix

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.

Yeah right!
Do you really think anyone will take you seriously when after saying you have 3-year plan and talking about buying gold and silver you mentioned a ...coin..that has already lost 75% since the launch? And for sure you're going to make x1000 in 2 years? Have you ever looked at the lifetime of hype coins? Two years is like 6 generations of hype shitcoins!

But let's see this, put the money where your mouth is and show us how you bought $1k worth of aidoge!

Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Change the pharmacy, it might be dealing is some really weird meds and drugs!
Why the hell would you invest in a coin that is pegged to the value of USD when you said it yourself that the value of a $ will go down?

Smartprofit

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

In my opinion, this is a rather risky investment strategy.

Therefore, the question arises, have you calculated all the possible risks? You plan to borrow from banks and buy gold, silver and bitcoins. And how do you plan to repay the loan principal and interest?

Are you planning to take out a new loan for these purposes? The accumulated amount of interest payable will not be too high? What will you do if the increase in the price of bitcoin is less than the increase in the volume of your debt burden? Do you have a fallback?

Do you have the opportunity to conduct a legal bankruptcy procedure for an individual in relation to yourself?

Flexystar

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That is not going to work with extreme ends because you have not considered any ups and downs in the market that will come in those three years of time period. Imagine, you taking the loan at interest rate of 7-2% per anun and buying bitcoin with market price “X”. However in two years bitcoin went bearish which could be anywhere between 10-50% from the buy price then how would you payback the interest and loan amount itself. You will end up losing lot of money over the period of time and huge losses will be for sure. Better check the strategy of investing loan amount on volatile market such as Bitcoin.

Dickiy

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Quite brave and every decision requires its own risk. But how does the loan system work? I mean with interest every year that you are sure to bear and what kind of guarantee is it to maintain the borrower's trust? As far as I know, having a loan for 3 years is a very risky loan and the guarantee level is definitely not easy. Just wanted to know the system works as you will be planning to invest in Bitcoin and of course some other stable assets.

terencio

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Your wealth plan sounds very risky and speculative. Taking loans to invest in volatile assets like crypto, gold, and silver could backfire if the market goes against you. You could end up losing more than you borrowed and having trouble paying back your debt. Also, investing in unknown coins like AIDOGE1 could be a scam or a pump and dump scheme. You should do your own research and due diligence before investing in any crypto project.

Lorence.xD

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It's a good thinking to have a plan for your future in the next 3 years. But taking a loan for investing in a "volatile" system is just too risky. It could be advisable if you could pay up those loans because for sure it has interest and your salary are high that you will always have extra money for investment.

So you said you will put all your fiat money to digital which is a red flag, since in case you need money like fiat then there would be a problem since your money is at investment and at stake so it might lose before you even cash out some money. It's a good way to think positive in your plan but also consider the fact that there's also a big possibility that it may not go according to your plan so think wisely.

Gozie51

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.

For me this is just like the wish of the inexperienced investor who only thinks of how to make profit from his investment and never thought of the challenges, the economic challenges that won't allow you breath out those wishful thinking you had earlier. If you want to borrow to invest in a volatile market, what is your shock absorber when you are not making profit?

If you talk of getting a loan , do you also talk of interest rate on the loan depending on where you got the loan. Of course it is difficult to get loan from family to invest in cryptocurrency because most families believe the loan will not be profitable in the business, that the money will disappear in the market. If you are getting a third party loan or through the bank then you can be sure to add 10%-11% interest on the loan. Add such interest up and know what percentage margin in profit that you are expecting before repayment. Take the advise that you have not made a real visibility study on your 3 years plan if you want to rely on loan for it, you are better with saving up the money than going for loan.

eightdots

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Quote from: Shortmaster on May 29, 2023, 03:56:55 AM

My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

You should also consider the possibility that your plans might not go your way. Many people have experienced the losses of buying Bitcoin through credit. Are you sure about this, you should think again. Not all your plans are likely to work as they are. This is true for all of us. You still managed to come up with a plan. Now reconsider your plan and listen to the topics mentioned in the comments. This is my humble suggestion to you.

Of course, not all comments may be correct, but you can review and analyze within the framework of your own logic. We may need to go over our plans when the economy is not doing well.

Topic: My wealth plan for next 3 years - page 7. (Read 947 times)