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I took out a $10,000 personal loan to buy Bitcoin

Bitcoin Reddit

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I have been collecting Bitcoin by DCA'ing every week for more than 3 years so I am not new to Bitcoin. I had a realization that I could get a variable rate personal loan to lock in the current price and pay it off within six months without any early repayment fees. I do pay some interest and standard loan fees, but I did some Monte Carlo simulations that showed to me that the median profit is significantly above the break even point when all things are considered.

In poker terms, I have position, initiative, and fold equity. I am waiting to see the turn card.

submitted by /u/IceWizard9000
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