Godlike Productions - Discussion Forum
Users Online Now: 1,709 (Who's On?)Visitors Today: 36,344
Pageviews Today: 50,459Threads Today: 32Posts Today: 261
12:24 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

"It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting

 
JOHN
User ID: 73276454
Canada
12/13/2017 01:54 AM
Report Abusive Post
Report Copyright Violation
Re: "It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
Well if you are going to pay lets say 5.25% on a equity line of credit and you are up 30% in a day / days / week / weeks then it is not much of a gamble is it?

My best freind in less than 90 days made so much that he payed the max yearly payment amount allowed with his mortgage and applied it to the principle in the amount of 23K

The money he used was sitting in a savings account earning 2.XX% Had he used a equity line of credit he could have payed it back and put in 10's of thousands of equity into his home in the same time period.

I am not suggesting anyone do this We practiced mock trading and spent three weeks learning before we leaped.

Lesson is HOLD. So servicing a debt while holding might not be the right choice for you and then again you are the best person qualified to make that determination for yourself.
hankie
Everything

User ID: 75555467
United States
12/13/2017 01:57 AM

Report Abusive Post
Report Copyright Violation
Re: "It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
So the federal reserve is the ones who are running this? Sounds as if it is, 1929 crash and it was a mania on the stock market then they crashed it and took over a lot of companies and corporations.

Bitcoin is a fiat coin whether it bit or paper still the o and 1s by 10 to the power of a 10 or more, it rigged to crash.
Sorry I got a headache

These are the times that tries men's and
women's souls!

May we come though it victorious!
Anonymous Coward
User ID: 75402404
United States
12/13/2017 02:03 AM
Report Abusive Post
Report Copyright Violation
Re: "It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
.when the computer challenged want to buy bitcoins,

then you can be sure it done....
 Quoting: Anonymous Coward 73364948




that's happening on GLP right now, man.


.
Anonymous Coward
User ID: 73317202
United States
12/13/2017 02:05 AM
Report Abusive Post
Report Copyright Violation
Re: "It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.


"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."

"You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know,"

Innovation in technology always outruns regulations: Joseph Borg
[link to www.cnbc.com (secure)]
 Quoting: Goneviral


You know what is amazing

This is exactly word for word what Dave R amsey said on his show this afternoon and wasnputting it off as his own words

Sounds like a script is going around to scare people away from an asset that will end up toppling the fiat system
Anonymous Coward
User ID: 72584879
United States
12/13/2017 02:12 AM
Report Abusive Post
Report Copyright Violation
Re: "It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
I don't think we are anywhere near the mania phase yet.....this run up still has a lot of leg.....when the computer challenged want to buy bitcoins, then you can be sure it done....
 Quoting: Anonymous Coward 73364948


Mania Phase. I swear to God I read that as Mariana trench. Life is weird.

Bitcoin is a shit sandwich however. Money from nothing is something only the US government, and the Swiss bank can pull off. Good luck winning against those odds. Not the Swiss, great people, would hurt a fly. The US Military though.....they have been known to break some shit!
 Quoting: Anonymous Coward 75966668


I will put my trust in the open-sourced code over the closed-off Federal Reserve and corrupted US gov ANY DAY, or at the very least until the two have been cleansed.

This is why BTC is going up, bc I am not alone.
 Quoting: Rest 75464467


The concept is sound. However the Bitcoin blockchain is not the future. It is old technology and will be replaced with other cryptos.

Make damn sure you're out of it before that happens.
Anonymous Coward
User ID: 73652036
United States
12/13/2017 02:46 AM
Report Abusive Post
Report Copyright Violation
Re: "It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
change scars people the world is changing over night.





GLP