Budget For Halving - page 3. | Bitcointalksearch.org

Issa56

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

I see that you are happy and you want to invest all your saving and you are still planning to take a loan, I just hope you won't be disappointed by 2024, maybe you won't get what you are expecting. I have seen different people advising you not to take loan to invest, I will also advise you not to take take loan to invest and don't invest all your savings, just invest any amount you can afford to lose, don't say because people are saying after having bitcoin is going to pump, then you will have to invest all your savings for months in bitcoin, always manage your risk.

Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

You are planning to take loan, do you have any means to pay back your loan apart from the investments you are having in bitcoin? Hope you won't end up selling your bitcoin at lost just to pay back the loan, if you really want to invest and have peace of mind, then don't take loan and don't invest all your savings in bitcoin.

Rengga Jati

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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 I were you, I will never include this plan t my life.
You may hear may sucessful stories about investing in Bitcoin and gaining so much money fro it after halving and bullish era. But, do you hear also about sad stories of how any people being stressfull because they are failed in thi investment and couldn't pay the loan?

In crypto investment, there is always a wise word " invest only amount that you ca afford to loose"
This is deep enough.

Thee are probabilities to gain big profits during bullish era after hvong, but this doesn't guarantee because there are many complex factors that may ibfluene, including your ways in securing the wallets, your patience, mental preparation, market sudden changes, and others.

But this is only words from me.
Your decision is all yours.

DoublerHunter

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Quote from: Accardo on May 20, 2023, 03:03:33 PM

Bitcoin is not an investment to trust with loaned money. It'll put you under pressure, which may affect your blood pressure because it's not under your control. I'd say that you invest gradually what you've got, investing 90k on bitcoin is great, but when market price drops it'll affect your investment drastically just like you'll earn if it pumps. It's a top investment risk and that's not acceptable to place yourself on such a situation. I've read in the past about a person that lost lots of money after loaning money to trade bitcoin and lost everything, including his house and wife's money. If the money is for hodling for a longer period, it'll be better, but the lender may need their funds within 6 months or a year and bitcoin doesn't skyrocket in a way that can be predicted. Op invest the spare cash you've got.

^Definitely right, you can loan money for investment but not on crypto, especially in BTC.
Because taking a loan to invest in BTC is a risky decision due to its volatility, potential debt burden, and probably uncertain returns. It is important to consider these factors and only invest with funds you can afford to lose. However, it is a nice plan since we know the BTC price will always show potential after halving but there is no guarantee that it will have an accurate result, the price is always unpredictable. So invest little by little that the amount that you can afford would be the best practice.

Accardo

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Bitcoin is not an investment to trust with loaned money. It'll put you under pressure, which may affect your blood pressure because it's not under your control. I'd say that you invest gradually what you've got, investing 90k on bitcoin is great, but when market price drops it'll affect your investment drastically just like you'll earn if it pumps. It's a top investment risk and that's not acceptable to place yourself on such a situation. I've read in the past about a person that lost lots of money after loaning money to trade bitcoin and lost everything, including his house and wife's money. If the money is for hodling for a longer period, it'll be better, but the lender may need their funds within 6 months or a year and bitcoin doesn't skyrocket in a way that can be predicted. Op invest the spare cash you've got.

imamusma

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024.

Why must 2024, don't you think you should start now before the bitcoin price increase?
Even if you have a budget of 1/4 of $90k now, I think it's worth it to start investing now rather than 2024. You should already know that bitcoin has still lost 60% of its value since ATH of $69k, so I think 2023 is the right time to invest in bitcoin.

Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

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.

Fiatless

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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 the business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

Nice plan but in some cases, it might not materialize as planned because the future can not be predicted. Investing $90,000i is a big deal and can bring huge profits but it could also incur great losses. The best option will be to invest your saving and forget about taking the loan. Most people that take loans to invest are driven by greed and don't want to invest according to their worth. If you want to have peace of mind as an investor put in what you can afford or funds that fully belong to you. You still have close to one year (based on your predictions) to keep investing. If you can afford to invest half of your estimate without the loan, then you have done well.

ajiz138

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

So you target your investment plan with a huge total of $90,000 from savings and loans, then invest entirely in bitcoins so you have no other spare funds left?
Remember! That bitcoin is not fully profitable, you also have to think about risks and reserve funds for other purposes, if you make a loan, for example, how do you pay the monthly installments? Are you ready for that?

Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

I don't fully recommend that loans can guarantee your peace of mind, with long loan periods of up to two years meaning you have to pay even more interest.
Continuing to invest in bitcoins must be able to afford losses and be more precise on cold money.

aoluain

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All the suggestions above are good but the best is to start now! You will have a bigger gain
by buying Bitcoin in the first half of 2023 than buying in 2024.

On taking a loan to buy Bitcoin, I dont have a problem with that, I personally have dont it twice
so far and it has worked out.

IMO timing is important and in the first half of this year is optimal (based on the last
halving) I expect the market to start rising sometime in the second half of 2023.

SOKO-DEKE

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

We are cautioned not to invest money that we cannot afford to lose because anything can happen in the cryptocurrency sector. When held for a lengthy period of time which may be extremely long Bitcoin is a solid investment that always yields tremendous returns. Taking out a loan to invest in something that might not turn out the way you intended it to is not encouraging. You may need more than two years to pay off your loan or make a profit. Using a loan to invest in cryptocurrency can be a very bad idea due to the instability of the market; the best course of action is to work hard and save up money first and invest part of the money without worrying about the invested money on BTC, you hodl and smile and smile later.

serjent05

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Why not start DCA-ing right now? By injecting a small amount of money every week or every time you have extra can enable you to enter the market earlier than waiting for 2024. Who know, the price of Bitcoin might be doubled by that time and you missed the opportunity to buy Bitcoin at $20k-isn level

Aside from that taking a loan for Bitcoin investment isn't a good move because there is no assurance that the price of Bitcoin will pick up fast to make up for the interest your loan is incurring. You might end up in huge debt and yet you are still waiting for Bitcoin to surge. So it is best to invest with your own money. Even though it is not as huge as you planned, with a consistent injection of funds to your Bitcoin investment, you will be able to accumulate a huge amount after months.

ethereumhunter

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Many people don't recommend taking out a loan to invest in bitcoin because it's too risky. We don't know when bitcoin will get a bull run so we can only wait for it. And if you can't pay the loan bills every month, you won't be able to benefit. We also don't know if bitcoin can increase in the next 2 years because your plan is risky.

But if you can pay the loan bills well for 2 years, you can just borrow money at the bank and pay the bills regularly for 2 years. And when the price of bitcoin goes up, you can sell it for a big profit so you can immediately close the loan at once. But if the scenario is like that because if not, it will only make it difficult for you.

Forever101

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This is a great idea with a big vision of ROI, however it is good to invest with your savings. The pump after halving does not happen immediately the halving occurs, it take some months to a year plus before the pump begins. As others have said that the price and occurrence around bitcoins is unpredictable. I believe accumulating wealth in a gradual process is better than high expectations with high risk which maybe unbearable. If you invest your savings and you make some profit, diversify those profit to other business that will increase your financial capacity against next halving. If you continue that way, you will achieve a remarkable result before 12years. 12years might look far but wealthy men have a long story of success to tell.

uneng

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Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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 isn't an advised strategy to follow, because this market is extremely volatile! We don't have any assurances Bitcoin will perform well in 2 years. It might take longer, it might take less, we just don't know and don't have any accurate tools to measure it, despite the so many analysts reading charts and fluctuations along Bitcoin's history. What we know is that there are good chances Bitcoin perfom well and hit a new ATH after the next halving which is going to happen in May of 2024.

Think very carefully before taking a loan for that purpose. Make sure you won't regret about it if things don't go as you firstly expected. Always have a Plan B!

Yatsan

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No matter how high hopes are, never invest an amount you can afford losing. Keep in mind that you are in this industry wherein there's no certainty with price actions and movements. Anything could happen. Indeed, what happened with previous halving in Bitcoin resulted to huge price increase but also consider what happened with previous ETH fork. Both are huge tokens in this industry which makes sense having expectations of direct correlation with the events and outcomes.

Much better to manage the risk and the amount you are betting as long as you don't have 100% assurance of the outcome. And there's just no such thing in this industry wherein prices are naturally volatile.

Learn Bitcoin

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There is no guarantee that Bitcoin will pump right after the Halving. It may take longer than usual. You are not the only person to think like that. The whole Bitcoin community is waiting for the right time to take a profit, and most of them are waiting for the halving. So it will be hard to climb up. Let's say someone is holding $10M and waiting to cash out his Bitcoin at the $50K Price range. Once Bitcoin reaches the price, he will sell it, and Bitcoin may go back to 40K again. Everyone is waiting for an opportunity. You never know when the right time will come. So, I won't suggest anyone to take loan to invest in Bitcoin. It's better if you invest your savings only.

Patrol69

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The target you have set for investment is totally fine but I would suggest you to invest with the remaining money without taking loan. Even if you are guaranteed a long term loan, I will tell you that taking your loan and investing in Bitcoin is not the right thing to do.

We only expect the market but not always the market changes as we expect. If you invest by borrowing, the thought of debt will always be on your mind. Maybe now some person or institution has assured you to give you a long term loan but if for some reason your financial condition is bad then you will find that the person or institution from which you have taken loan is pressuring you to repay the loan before the time. Then the debt repayment will be very difficult for you. So always avoid loan for investment.

KiaKia

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Bitcoin hasn't disappointed yet, every halving continues with a kick start of the bull run but I am not saying it will do the same this time around, bitcoin halving will happen by next year April 2024 and we are all expecting for a better price to take place at the time, still I will not advise anybody to go and take a loan to invest in Bitcoin because nothing is guaranteed with crypto and moreover we don't know if bitcoin will repeat the same steps it has been taking in every past halving, maybe this time will be different? But if the money is yours in the first place you won't have anything to worry about.

Better use your hard earned money instead of taking a loan, it's more wiser to do this instead because there is always a pay back time for loan.

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History shows us that after the halving happens, a bull market will come, and bitcoin will create a new ATH. But that is history, and there is no guarantee that it will repeat in the future. It's all speculation, no one can be sure about it. If things were going too easy, many people would be willing to sell all their assets to invest in bitcoin, not just take out a small loan to invest.

Borrowing money to invest is not impossible, but you should calculate carefully and consider the worst-case scenario in which the investment fails. In that case, if you can still complete your loan with other sources of income then you can borrow.

Onset

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Bud, there’s a chance things can go exactly as you wish and that’s the most favorable way. You’ve got to be a little realistic too, things can happen. And sometimes they can be bad.

You take a lon of that much money. What do you do next if things don’t go your way? It’s like lottery, ifyou get my luck you’ll probably see a Bitcoin crash by the next day. What if another big stablecoin fails or a huge altcoin collapses brutally taking the markets down to the floor with it?

Be responsible. Don’t gamble with loans, you’ll get a very messed up financial situation very soon if you do. Better miss a big profit than be in a huge loss that affects your entire life forever.

AbuBhakar

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🇵🇭

Quote from: Call_Me_Guru on May 20, 2023, 09:43:59 AM

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.

Next time you conduct a research make sure that will look on the price history too to determine how exactly the price behaves during halving. Bitcoin don’t pump hard during the halving instead few days, weeks or months before the halving is the typical price action which followed by a heavy correction then a bullish cycle.

If you really want to invest that amount of money then you should start buying instead of waiting next year when the event is near because this current price might be the lowest price you can see if you plan to buy next year. DCA now until halving occur. I’m sure you will get the maximum benefit of Bitcoin halving if you start earlier than later.

Topic: Budget For Halving - page 3. (Read 472 times)