I bought a house a few years ago that has skyrocketed in value netting me 60k in equity. I am a huge believer in Bitcoin and modestly think it will go to 60-100k within the next several years. I’m trying to talk myself out of using a HELOC loan to buy a few coins and invest in miners. I recognize the risk in pulling the trigger on this but with the talks of bitcoin etf and halving coming. I can’t see this not panning out.
Income:110k a year Credit score 760+ My monthly expenses are under 3k
Assuming I did a 60k HELOC with a 4% interest rate and 10 year term my payments would only be 600+ roughly.
Am I crazy for thinking this could pay off big for me?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments