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If you're feeling FOMO right now, chill. Don't dump your $10k emergency fund into BTC chasing the pump.

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by COINS NEWS 203 Views

Instead what you should do is take out a home equity line of credit against your house so you can drop $100k into BTC chasing the pump.

I would recommend a home equity line of credit instead of a home equity loan. They’re generally interest-only payments for the first 10 years, then pay back interest and principal in the following 20 years. Whereas a home equity loan will require principal payments alongside interest immediately. Rates are generally low, in the ballpark of 3% to 5%.

If you lose your house, you still have your $10k emergency fund to drop on black in Roulette.

This is financial advice.

submitted by /u/BestCelery263
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