The plan seems to be good a few things I think you should avoid as you are investing a large amount in my view you should already know about the risks involved. Avoid investing the whole amount at once even if you are sure that the market is dumped enough. Secondly, bro thinks again about the point of savings investment it is quite good but investing the borrowed money I think you should reconsider your decision and then proceed. The rest of the things are up to you a few suggestions from my side as a brother are as follow;
✱ Diversify your total investment amount in different time zones.
✱ Prefer DCA rather than investing the whole amount.
✱ Hold some stable funds to invest in some crisis.
✱ Be mentally prepared for every type of outcome.
Topic: Budget For Halving - page 2. (Read 421 times)
By the way, if you don't risk the unusual, you will not get a significant reward.
Each investor's risk tolerance is different and will not be the same for each other. You can take risks to some extent, but taking out a loan for long-term investment purposes is also not a good idea. The price of bitcoin can never be predicted even though fundamentally it has great potential to bring you commensurate profits. If you have your own budget for investing, go for it, but if you're putting together a personal budget and loans, then you have two risks at once to consider.After all, how can you avoid the risk of defaulting on a loan if your source of income dries up, while at the same time the bitcoin price doesn't turn out the way you expected?
I can't agree with your decision at all because if you are thinking of investing in bitcoin with debt you would be wrong to do so. Because if you borrow and invest in Bitcoin, you will lose money when the Bitcoin market falls into a bear market. This step of yours will become a big obstacle for your life later. If you invest and take huge losses later, the market may take a long time to pump and it will certainly continue to grow if you default. So don't make the mistake of taking a loan and never invest in crypto currency, I think it will be risky in the future. Rather than investing with debt, you'd rather save a small amount of money you earn and invest that money later. After investing, hold patiently until the market turns upward, but future will be good for your life.
I don't know if it is a good or bad plan, but each person probably has his plan and think everything, even for the risk he has calculated and predicted what will happen. From what you have said, you are used to making good plans. If you feel you can do it, you can try it, see the short-term results, and evaluate it to see how far your plan has gone. If your plan doesn't go how you want, you must know what to do so the loan money won't go to waste.
indeed everyone in business has a different strategy as well as investing in btc, of course everyone has a different strategy.
but if the op is ready with the risk, I think buying bitcoin using borrowed money is not wrong because indeed in business it requires sacrifice and struggle.
but in my opinion the op must also take into account the investment risk from borrowed money.
but personally I don't dare to invest from loans because the price of btc fluctuates so we won't know the price of btc during the halving, but I hope that during the halving of btc the price of btc go up high.
I don't know if it is a good or bad plan, but each person probably has his plan and think everything, even for the risk he has calculated and predicted what will happen. From what you have said, you are used to making good plans. If you feel you can do it, you can try it, see the short-term results, and evaluate it to see how far your plan has gone. If your plan doesn't go how you want, you must know what to do so the loan money won't go to waste.
I don't think so, if he were a good planner, he wouldn't have decided to do this. Borrowing money to invest in a volatile asset like bitcoin has never been called a good thing. From what he is confident, the halving will definitely cause the price of bitcoin to go up, and he will be profitable to pay off his debt. Based on those arguments, I don't think he's the type always to have good plans. Because even those who participated in investing in bitcoin from the first days did not dare to assert or declare that after the halving, the price of bitcoin would definitely increase. History proves it, but that doesn't mean it will repeat itself in the future.
am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.
Does halving really works its magic on the prices? Ah yes definitely it does and it will make it even more valuable as the rewards halves for the miners and thus more demand.
However, just because it works and it is life changing opportunity it does not mean you should be investing into Bitcoin with your "loan". That is way crazy idea. The bank loans are charged with interest and you have to return the surplus amount within loan terms. What would you do if this time halving does not do much of the changes in the bitcoin pricing? Wouldn't that be crazy burden on your shoulders since you spent savings and plus you took the loans for the same?
Man, just think twice about it before investing. It is still highly volatile market and the most unpredictable market. I am not demotivating you, I am just trying to tell you that you dont loan when its unstable asset.
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I don't know if it is a good or bad plan, but each person probably has his plan and think everything, even for the risk he has calculated and predicted what will happen. From what you have said, you are used to making good plans. If you feel you can do it, you can try it, see the short-term results, and evaluate it to see how far your plan has gone. If your plan doesn't go how you want, you must know what to do so the loan money won't go to waste.
I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.
The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.
If you can quickly collect $90,000 I also hope you understand the basic rules:The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.
1. Bitcoin's price doesn't grow immediately after halving and its price won't dramatically increase like in 2017 because it's already pretty high.
2. When you take a loan, be sure that in case things don't go as planned, you will still be able to repay it and won't ruin your life.
3. Not your keys, not your coins! Don't leave your coins on exchanges for a long time.
I was never sure whether getting a loan to invest in bitcoin was recommended as a good options.
Of course you can accumulate your investment budget from various sources, but you also have to be able and understand what risks you will face if the bitcoin price of your investment does not match what you expect. It's better if you do it with your personal budget or your savings budget instead of accumulating your personal budget plus loans for long-term investments.
By the way, if you don't risk the unusual, you will not get a significant reward. Of course you can accumulate your investment budget from various sources, but you also have to be able and understand what risks you will face if the bitcoin price of your investment does not match what you expect. It's better if you do it with your personal budget or your savings budget instead of accumulating your personal budget plus loans for long-term investments.
Borrowing money to invest isn't so bad as long as you have the plan to repay that loan without depending on and expecting your bitcoin investment. One more thing, there is no guarantee that bitcoin will increase in price after the halving, and if you are prepared for the worst case scenario and ready to take the risk, then you can borrow money to invest because success sometimes must take risks and trade-offs.
But if you don't have a backup plan and only expect a return on that investment to pay off your debt, it will be the worst decision of your life. Borrow money to invest, it will ruin the rest of your life. I'm really against your idea if you don't have a plan B.
But if you don't have a backup plan and only expect a return on that investment to pay off your debt, it will be the worst decision of your life. Borrow money to invest, it will ruin the rest of your life. I'm really against your idea if you don't have a plan B.
The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.
This is really not good move. If you are sure that you can gain profits from the bitcoin halving event then go for it. But even the greatest professional cant predict if bitcoin could do goof after halving. Yes there were historical results but its bot guaranteed and you want to loan for the investment money youll gonna make. How about use only your afford to lose money and gamble it with bitcoin without affecting your life savings. Man thats gonna do bad consequence if not aligned with the good market conditions.
In my opinion, don't push yourself too hard to invest in BTC from borrowed money because investing in BTC is very risky.
just try to imagine what if the btc price at the time of the halving is not what you want, and how will you pay for it?
but the decision is yours because it's your right. if in my opinion invest using the money you have, don't result from a loan.
just try to imagine what if the btc price at the time of the halving is not what you want, and how will you pay for it?
but the decision is yours because it's your right. if in my opinion invest using the money you have, don't result from a loan.
It is better not to take a loan to invest in Bitcoin because it is risky. We know that the price of Bitcoin goes up and down and when it goes down, we also don't know if the price will keep going down or if it's just a correction.
You should think about it first and don't rush into deciding because your plan to take out a loan uses a lot of money. Many people just take a loan but don't know if they can repay it.
But if you really can repay the loan, you can try to calculate how many years and how much money you want to borrow. Adjust it to your salary or income so it won't be difficult for you.
You should think about it first and don't rush into deciding because your plan to take out a loan uses a lot of money. Many people just take a loan but don't know if they can repay it.
But if you really can repay the loan, you can try to calculate how many years and how much money you want to borrow. Adjust it to your salary or income so it won't be difficult for you.
It is not good to take out a loan just for halving and also it is not 100% sure that youll gain profit that time because what if this halving it will heat all time low? there are a lot of possibilities that will happen so you should be prepared of it. It is better now to like just save money to invest on it as it is still be on next year you just need to accumulate it and not needed to have a loan as it is very risky
Bitcoin halving can be said to be around the corner and many are mentioning it in 2024.
indeed we have to prepare funds for those who are interested in investing in btc and indeed now is the right time to collect bitcoins because the price is still relatively cheap.
but in my opinion it would be better if you buy btc not using money from the loan because in my opinion investing in btc from the loan will usually make you feel uncomfortable, the point is that it interferes fundamentally, unless you are ready to take risks.
indeed we have to prepare funds for those who are interested in investing in btc and indeed now is the right time to collect bitcoins because the price is still relatively cheap.
but in my opinion it would be better if you buy btc not using money from the loan because in my opinion investing in btc from the loan will usually make you feel uncomfortable, the point is that it interferes fundamentally, unless you are ready to take risks.
you better invest with the money you have. don't push yourself too hard to make a loan to invest in Bitcoin. everyone believes in the potential of Bitcoin, but in your plan if a problem occurs how will you repay your loan?
Bitcoin will still be risky even if it uses your own money. especially if you plan to borrow money with the upcoming Halving target. I don't believe anyone would do that. even if a senior or beginner has to think again to do it all.
Bitcoin will still be risky even if it uses your own money. especially if you plan to borrow money with the upcoming Halving target. I don't believe anyone would do that. even if a senior or beginner has to think again to do it all.
I will not advice anyone to take a loan because of bitcoin halving. You may think it will not be more than three months before the significant bull run, but it may take longer before it begins or finally happens.
But if you save money and able to hold bitcoin, that is fine. Bitcoin has not disappointed yet. It is a good idea.
But if you save money and able to hold bitcoin, that is fine. Bitcoin has not disappointed yet. It is a good idea.
I definitely agree with you.
It actually applies to almost everything in cryptocurrencies- taking out a loan for investment or gambling is a very risky move that has more chances of you failing at the end. Even with the success of BTC investors during halving, one should never take a loan against an activity or investment with no absolute outcome.
My recommendation would be to invest your savings and the amount that you can lose at the same time. Treat any investment as money that can potentially be lost in the process.
^Definitely right, you can loan money for investment but not on crypto, especially in BTC.
Not only with cryptocurrencies, I think it is not advisable to borrow money to invest in any field, because once invested, besides profits, there will always be risks involved. no investment is guaranteed to return without risk, so borrowing money to invest is always a bad idea. also, as you said, the cryptocurrency market is considered the riskiest market because its volatility as well as its future remains uncertain.
i strongly advise the op to consider your plans carefully, otherwise, you will hit a dead end when things don't go as you dreamed.
should avoid loans, just invest with your savings, because we don't know what will happen next whether the halving will occur in 2024 or it will miss, I'm afraid.
understand that everything will not go smoothly as expected, instead you want to get a profit, but in the end, the profit you get is only to pay the interest on your loan
understand that everything will not go smoothly as expected, instead you want to get a profit, but in the end, the profit you get is only to pay the interest on your loan
Hearing more success stories of halving and reading from https://www.cointree.com/learn/bitcoin-success-stories/, my whole thought changed about bitcoin and halving, the time is worth putting on the calendar. The big month may be April, May or June, I can't find a site that is 100% sure of this. The thought only pointed to the fact that i missed a life time changing opportunity. I can not be well on this ever again unless I make money from bitcoin, it is then and only then that I can be happy.
Yes, no one knows the exact date of the halving, but you can used (https://bitcoinblockhalf.com/) to see where we at right now.
I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.
The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.
The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.
Why you taking a loan though? that is risky if you are going to ask me. How much is the interest of that loan? Will the profits that you are going to make (assuming you make profits), will be enough to cover for that? And how much money will be left in your pocket.
Yes, I know everyone wants to have a good ROI in the next halving, but for me taking a loan is not a good advise. You might as well do DCA, we still have a full year before the halving and for sure you can accumulate BTC or sats along the way.
I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.
You claim to be a good planner but in this case you’ve missed a step, by trying to get a loan to invest in bitcoin is totally not advisable and it could ruin your financial stability instead of lifting you up if anything goes in contradiction to what you’ve planned out prior to the investment. If you’ve been going through this forum well, you would have seen the advise countless time to not invest through loans as its advantages is always disastrous to bear with. Don’t use borrowed money to invest or the money you can’t afford to lose or all of your savings into cryptocurrency.
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The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.
This is awesome because you’ve set out and planned everything well and you believe it will work in your favor since bitcoin has never disappointed before. But what if there’s a delay and something happens in the market that won’t make you achieve your target goal on time, will the loan be kept pending until it is achieved? Won’t the deadline for the loan approach and you’ll be compelled to sell your bitcoin at loss to get pay back the loan? Think again before taken loan to invest in crypto.
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