BTC looks to be forming a head and shoulder formation again similar to 2016. I also see people posting on
twitter about taking out 50K loans to buy
btc near the
ATH .
Will we see a repeat of 2016? Only time will tell but I think its high risk to be going long right now.
Comments
Peter McCormack 👑 (@PeterMcCormack) tweeted at 1:25 PM on Fri, Dec 11, 2020:
I took out a $46,250 loan today at 7.9% and bought 2.55 #bitcoin. By 2026 I will have to pay back $57,806.85.
In Dec 2026, If #bitcoin is at $22,669.35 I break even.
Good/bad decision?
(https://twitter.com/PeterMcCormack/status/1337463603134337024?s=03)
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