"At 20% of My Goal, Is It Wise to Increase My Average Buy-in After the 40k Surge?"

My BTC buy-in average is at 25k after navigating the bear market. The recent jump to 40k has me feeling disappointed, at my 20% target. I'll have some cash in 2024, and the ETFs are looking bullish. In 2021, I successfully took a loan, but a friend suggests going for a 2-year margin with interest on Binance instead of a bank loan. With the expectation of BTC going up in 2025, what's your take? Is it a smart move, or am I heading for trouble?

NB: Young, Single, Stable Job, No Kids or Big Responsibilities



Submitted December 17, 2023 at 07:38PM by HuntAltruistic4390 https://ift.tt/tn2p6G0

Comments

Post a Comment

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 This could be a long read. Kindly bear with me. I write this primarily in response to the TechSpot article from yesterday ( r/technology mods told me they only allow “ mainstream articles with editorial oversight and fact-checking ” so I'm sharing this here). But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) working paper from Igor Makarov and Antoinette Schoar. NBER claims to be non-partisan but it is a private NPO funded by the likes of Bill Gates foundation . The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of Int...
Read more