10-16-2021, 07:24 AM
If you're feeling FOMO right now, chill. Don't dump your $10k emergency fund into BT
<!-- SC_OFF --><div class="md"><p>Instead what you should do is take out a home equity line of credit against your house so you can drop $100k into BTC chasing the pump.</p> <p>I would recommend a home equity line of credit instead of a home equity loan. They’re generally interest-only payments for the first 10 years, then pay back interest and principal in the following 20 years. Whereas a home equity loan will require principal payments alongside interest immediately. Rates are generally low, in the ballpark of 3% to 5%.</p> <p>If you lose your house, you still have your $10k emergency fund to drop on black in Roulette.</p> <p>This is financial advice.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BestCelery263"> /u/BestCelery263 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q8u6qz/if_youre_feeling_fomo_right_now_chill_dont_dump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q8u6qz/if_youre_feeling_fomo_right_now_chill_dont_dump/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Instead what you should do is take out a home equity line of credit against your house so you can drop $100k into BTC chasing the pump.</p> <p>I would recommend a home equity line of credit instead of a home equity loan. They’re generally interest-only payments for the first 10 years, then pay back interest and principal in the following 20 years. Whereas a home equity loan will require principal payments alongside interest immediately. Rates are generally low, in the ballpark of 3% to 5%.</p> <p>If you lose your house, you still have your $10k emergency fund to drop on black in Roulette.</p> <p>This is financial advice.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BestCelery263"> /u/BestCelery263 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q8u6qz/if_youre_feeling_fomo_right_now_chill_dont_dump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q8u6qz/if_youre_feeling_fomo_right_now_chill_dont_dump/">[comments]</a></span>Kind Regards R