Nostr

A close family member is in a lot of debt, would it be bad to sell my bitcoin during the next bull run to help them pay said debt, and have them pay me back small amounts monthly and DCA that instead? I wanna help them of course but I also don’t want to lose my stack, but then again if I do help them that means more money going into bitcoin and less money going into interest rates for scammy credit card companies. What do people think🤔 #asknostr

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Discussion

Mabardino 🍀 2y ago

I’ll also add that they’re not financially irresponsible, the situation was out of hand and they didn’t make stupid decisions to get into so much debt, that’s just how it’s ended up.

Burcgravius 2y ago

Just as a general financial tip, if you plan on helping, be ready to not be repaid. It might come to either the money or your relationship, so go into it with the decision already made.

Mabardino 🍀 2y ago

Very good advice sir, thank you :)

Mr⚡2MB 🐇🏴‍☠️ 2y ago

I'm not here to tell you to do it or not to do it.

I'm here to tell you that if they pay you back, they should pay you back by replacing the bitcoins you exchanged for cash.

Just like you're making an effort to help, they should also make an effort.

Mabardino 🍀 2y ago

I like that idea, thank you!