Student loan on BTC
NOT LOOKING FOR INVESTMENT ADVICE Repost from yesterday since it got removed, not looking for advice just starting conversations. I’m a student, and plan on taking out the max state-backed student loan: → €850/month × 29 months = 24650€ Also if I graduate on time, in my country the government forgives 3320€, of my loan so I will be left to repay around 21330€. Interest is Euribor 6 month+ 0,5% bank margin, and repayment starts 2 years after graduation. Interest will not be paid for the 3 years while studying. Loan period is 10 years. I’m planning to invest 100% of it into Bitcoin and hold long-term. I see it as low-interest leverage + time on my side. I get the student loan paid to me annually so 3x 8216€. I haven't yet decided if I should lump buy or dca. Would love to hear opinions and answer questions. submitted by /u/Excellent-Radio-3106 [link] [comments]
NOT LOOKING FOR INVESTMENT ADVICE
Repost from yesterday since it got removed, not looking for advice just starting conversations.
I’m a student, and plan on taking out the max state-backed student loan:
→ €850/month × 29 months = 24650€
Also if I graduate on time, in my country the government forgives 3320€, of my loan so I will be left to repay around 21330€.
Interest is Euribor 6 month+ 0,5% bank margin, and repayment starts 2 years after graduation. Interest will not be paid for the 3 years while studying. Loan period is 10 years.
I’m planning to invest 100% of it into Bitcoin and hold long-term.
I see it as low-interest leverage + time on my side. I get the student loan paid to me annually so 3x 8216€. I haven't yet decided if I should lump buy or dca.
Would love to hear opinions and answer questions.
[link] [comments]