All this depends on fate and as well you had a means which you believed to raise such amount back to pay the owner otherwise it would have became something else, naturally not everyone that knows how to manage money and immediately they borrowed such amount it could results to something else whereby they owner might likely be getting worried over everything. I would have loved to share my little story as well but is very bad which i don't like to remember anymore, please anyone here that is thinking same thing to do i'm seriously on my knees begging begging because what favor's Mr A may not favor you coupled with bear market and bad news all over.
What i can recommend is to map out the little money which you think of not using immediately or not your tuition fee or anything else to buy bitcoin and hold maybe after 2 to 3 years then you would understand the power of investment.
Topic: Borrowing money to invest in BTC ( My own past experience) (Read 451 times)
Borrowing money to invest is not a bad idea but it should be within the income range of the borrower because prices are always fluctuating. Investing in Bitcoin which is a long term plan doesn't go bullish every time. Some time could be be bullish and some bearish but long term at low price is always bullish.
Borrowing money to invest in bitcoin is called leverage. Now we know what happens to those who are overleverage especially in a market crash.
The OP is lucky because they invested at a time where all things were good. SO the leverage was an advantage to them.
I barely see anyone in 2022 who took out a loan from a bank or friend celebrate being able to 2x the money in bitcoin.
The OP is lucky because they invested at a time where all things were good. SO the leverage was an advantage to them.
I barely see anyone in 2022 who took out a loan from a bank or friend celebrate being able to 2x the money in bitcoin.
I think if you plan to hold bitcoin long term & you think the price will be much higher in the future then it is not a bad idea to borrow money so you can buy bitcoin. As long as you can afford the loan repayments then it’s not a problem I guess.
You’re not going to feel too good if you borrow money when it’s in a bull market & the bitcoin price crashes like it has done. Your repayments on the loan won’t be less
If you plan for long term holding though it’s not a problem.
You’re not going to feel too good if you borrow money when it’s in a bull market & the bitcoin price crashes like it has done. Your repayments on the loan won’t be less
If you plan for long term holding though it’s not a problem.
I will never agree on borrowing money to invest in bitcoin. Even if the amount you borrowed is still within your reach to pay I am still not in favor of it. You only got lucky that BTC at that time was bullish. It's gambling already when you risk money on something you have zero to little knowledge about. Investing money can affect our emotions and borrowing money for investment will only make our emotions higher which can affect our next decisions. It's the same scenario last 2018 when I signed a contract to construct my house and at that time over 90% of my assets are in crypto, especially BTC. We all knew the lowest BTC price since the 2017 bull run happened in late 2018. I cannot sleep well for many days until I just decided to sell all my crypto assets at the cheapest price. Emotions will fuck up our logic. The higher the stake, the more our emotions can affect our minds. And just like playing in a casino, luck cannot be always on our side.
The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.
How come you know Bitcoin and attracted to invest at the same time if you didn’t know Bitcoin halving, bull run or other event that will pump the price? You are borrowing money just to invest which means you knew exactly how profitable it is base on your story. Because I will definitely research first and do what you done If I knew that the things that I will put my money has the potential to grow in the future. Bull run and halving is common term in crypto because that’s what most newbie always tell when they are shilling.
I’m just surprised that you seems didn’t know anything in your story yet your action seems you are sure on what you are entering.
This is not a financial advice
I have read some posts, comments and topics on this forum that talk about borrowing money to invest in crypto.
I know this is a bad idea because the chances of getting a good result from this are 50/50 since crypto is risky but I want to talk about how borrowing money has helped me a lot.
The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.
This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.
If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.
i conclude that you say borrowing money to invest in bitcoin is not a bad thing as long as the lender is not pressing to pay. i have never borrowed money to buy bitcoin or altcoins, but i borrowed money when setting up the business that i am currently running - fortunately, my business is running smoothly and i can afford to pay installments every month. Money management skills are important and never borrow money more than you can't afford to pay. I have read some posts, comments and topics on this forum that talk about borrowing money to invest in crypto.
I know this is a bad idea because the chances of getting a good result from this are 50/50 since crypto is risky but I want to talk about how borrowing money has helped me a lot.
The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.
This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.
If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.
Borrowing money to invest? for me that's not a good option
If I am the one borrowing you the money and I find out that you borrowed my money to invest in bitcoins, I will be mad and the end of our relationship will be after you can pay me back as quickly as possible which I will mount pressure to get. For me if you must borrow from me, it has to be important like an emergency, and not just for any reason, money is not easy to get even to the extent of having to give to someone, people should not abuse privileges. I am not saying investing in bitcoin is bad, but if you must do it, do it with your money so you don't give the person who borrowed you the money stress.Borrowing money to invest? for me that's not a good option
If I am the one borrowing you the money and I find out that you borrowed my money to invest in bitcoins, I will be mad and the end of our relationship will be after you can pay me back as quickly as possible which I will mount pressure to get. For me if you must borrow from me, it has to be important like an emergency, and not just for any reason, money is not easy to get even to the extent of having to give to someone, people should not abuse privileges. I am not saying investing in bitcoin is bad, but if you must do it, do it with your money so you don't give the person who borrowed you the money stress.This is the main point here once a borrowed money get invested then the one who borrowed must find a way to pay once a the owner want to get his/her money back. We can not deny the fact that once the owner knows that you borrowed from him to invest then for sure they want to get their money back as soon as possible. Also it deferred from nay counties because like mine if this situation will happen then the owner will trash talk the borrower if he/she knew.
Borrowing money to HODL BTC is a no-no for me ..... Ahhh, that's much of a risk to take. I won't even advice anyone to borrow up just to bury a dead relative; ....yeah, cus who knows? Well, you could do that if you're found with no other options though but for HODLing, it's not advisable --atleast that's how I see it.
There isn't any lender that will pretend not to be develop chrometophobia when they realize what the purpose of lending 'em funds eventually.
It's always safe to invest with funds that are not needed for immediate use; but that doesn't guarantee 'em when they're being borrowed, take note.
Sandra 🧑🦰
There isn't any lender that will pretend not to be develop chrometophobia when they realize what the purpose of lending 'em funds eventually.
It's always safe to invest with funds that are not needed for immediate use; but that doesn't guarantee 'em when they're being borrowed, take note.
Sandra 🧑🦰
It is generally not a good idea to borrow money to invest in anything, including Bitcoin or other cryptocurrencies. This is because investing carries a certain amount of risk, and if the investment does not go as planned, you could end up owing more money than you can afford to pay back.
Additionally, the value of Bitcoin and other cryptocurrencies can be very volatile, which means that the value of your investment can go up or down very quickly. This makes it difficult to predict how your investment will perform, and borrowing money to invest in Bitcoin or other cryptocurrencies increases the risk even further. It is always best to invest only with money that you can afford to lose.
Additionally, the value of Bitcoin and other cryptocurrencies can be very volatile, which means that the value of your investment can go up or down very quickly. This makes it difficult to predict how your investment will perform, and borrowing money to invest in Bitcoin or other cryptocurrencies increases the risk even further. It is always best to invest only with money that you can afford to lose.
OP, you chose to be smart by selling your investment and made more profit,you were able to pay back your debt and still have your profit with you. You are very lucky that you bought bitcoin at the right time, which made this possible.
Like you said,it is good to borrow the money which you can pay back so that when the owner needs the money or the agreed time to pay back has elapsed,you can pay back. I wish you borrowed money to buy bitcoin at this bear market time,I don't think you will be happy with what you did because the bear market brought panic to people who have investment on bitcoin and only the strong could survive the challenge of selling their bitcoin. Don't use borrowed money to invest on bitcoin because of its volatile nature,when you will need to pay back,it might not be possible for you to.
Like you said,it is good to borrow the money which you can pay back so that when the owner needs the money or the agreed time to pay back has elapsed,you can pay back. I wish you borrowed money to buy bitcoin at this bear market time,I don't think you will be happy with what you did because the bear market brought panic to people who have investment on bitcoin and only the strong could survive the challenge of selling their bitcoin. Don't use borrowed money to invest on bitcoin because of its volatile nature,when you will need to pay back,it might not be possible for you to.
Borrowing money to invest? for me that's not a good option
If I am the one borrowing you the money and I find out that you borrowed my money to invest in bitcoins, I will be mad and the end of our relationship will be after you can pay me back as quickly as possible which I will mount pressure to get. For me if you must borrow from me, it has to be important like an emergency, and not just for any reason, money is not easy to get even to the extent of having to give to someone, people should not abuse privileges. I am not saying investing in bitcoin is bad, but if you must do it, do it with your money so you don't give the person who borrowed you the money stress. 
Borrowing money to invest? for me that's not a good option but for other maybe that's a good for them but as far as I know investing in crypto especially in Bitcoin it is too risky and it takes too long to gain more profit and if you borrow an amount you need to pay that amount in due date. Then if that happen you will make a way to pay that amount and there's a chance that your crypto that invested for you will use that to pay your borrowing money if you don't have a extra money to pay so it's better to invest a money from your extra and not to borrowed one.
I don't have braveness for using borrowing money to invest in Bitcoin, whatever have interest or not I don't sure Bitcoin investment can guarantee earn profit consistency. Most important thing with borrowing have schedule and late payment will paying highest interest, some time when Bitcoin drop and cut loss is not the best way how come to pay borrowing money.If income still small, you should not be forced to invest in Bitcoin from loans, use your freedom fund for investing in Bitcoin and when loss it not get negative impact with our financial condition.
Borrowing money to invest? for me that's not a good option but for other maybe that's a good for them but as far as I know investing in crypto especially in Bitcoin it is too risky and it takes too long to gain more profit and if you borrow an amount you need to pay that amount in due date. Then if that happen you will make a way to pay that amount and there's a chance that your crypto that invested for you will use that to pay your borrowing money if you don't have a extra money to pay so it's better to invest a money from your extra and not to borrowed one.
This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.
You are lucky because after investing the borrowed money into bitcoin, but then the price of the bitcoin rises past the price at the time of purchase so that you manage to get fast profits and are able to return the borrowed money at the appointed time, imagine if after investing the loan results suddenly the price bitcoin has fallen drastically as we are experiencing right now during a bear market, so of course we have to be willing to sell everything we have to pay off borrowed money so we don't get frustrated. 
I'm glad you also stated the fact that it's a financial advice.
There are a whole lot of people that have take that very part and yet ended up shattering their lives and that's not really nice at all.
Borrowing money in general isn't a nice idea because most times one doesn't intend not pay back a debt in time but there could be possible hindrances such as failed plans and accomodations of more burden.
One reason why I don't advice people to borrow money is the fact that, the moment you borrow money to invest in crypto, now your emotions comes in and starts playing with you and there is always a great urge to start making money and taking profits without any room for failure.
There are a whole lot of people that have take that very part and yet ended up shattering their lives and that's not really nice at all.
Borrowing money in general isn't a nice idea because most times one doesn't intend not pay back a debt in time but there could be possible hindrances such as failed plans and accomodations of more burden.
One reason why I don't advice people to borrow money is the fact that, the moment you borrow money to invest in crypto, now your emotions comes in and starts playing with you and there is always a great urge to start making money and taking profits without any room for failure.
for my perspective I don't recommend it at all, to be honest, you maybe have luck that bitcoin is still at recovery stage but buying in bear market right know with borrowing money is very risky unless you understand with what you are doing and know how to market is going and the second one you smart that buy in spot only.
if you borrow to trade in futures and don't know what happen in market you will be doomed in matter of hours. so careful guys its better to do bounty and then trade it, if something goes wrong you at least doesn't borrow from the other
if you borrow to trade in futures and don't know what happen in market you will be doomed in matter of hours. so careful guys its better to do bounty and then trade it, if something goes wrong you at least doesn't borrow from the other
The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.
This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.
If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.
But you never told us how much profits you made from your $150 Bitcoin investment, because thou, borrowing money isn't bad to some extent, i.e if on you can borrow a certain amount you can afford to pay if in case things go the opposite expectation, because the problem will be borrowing an amount you simply can't afford to pay, just as we all know that also when it comes to investing, the issue of luck can not simply be overemphasize. This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.
If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.
The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.
This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.
If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.
This is not also a piece of financial advice the market is highly volatile you never know what's going to happen next, take a cue from Luna and FTX and you know what I mean.
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