Okay guys so last year I took out a 40k loan to buy bitcoin here is an update on how it’s going.
Obviously first off I have to eat a bit of humble pie… yes I was one of those dudes who thought it was going to go to 200k and obviously it didn’t it went the other way.
However, instead of sulking and beating myself up I got back to the fiat mine. I run my own business and put all the time I could into that to try and pay off my loan asap. What ended up happening which was a blessing in disguise was that for the last 12 months my business has never performed better.
This has allowed me to finally pay off the loan and be debt free with my bitcoin loan.
Now, what did I learn?
That it is never as good as it seems and never as bad as it seems. I’ve learnt that hard work trumps all and that you really have to put everything into something if you want it to succeed. By being forced in a way to work my butt off to pay off the loan I have reached a new limit with my business and realised in some way what my true potential could be and I intend to keep pushing that limit.
Some here might call me an idiot and that’s fine however I wouldn’t change it for the world as I learnt some very valuable lessons which I am extremely grateful for.
Will I consider another bitcoin loan? Yes quite possibly but certainly not doing a bull run 😂 thanks for reading legends 🙂
Ps: My conviction for bitcoin has never been stronger