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Topic: Budget For Halving - page 4. (Read 479 times)

legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
May 20, 2023, 10:26:20 AM
#5
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.

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.
Do you really sincerely believe that making money with bitcoin will make you happy? Smiley BTC gives you the opportunity to make a profit, nothing more. Happiness is achieved in a different way.

The next paragraph of your post looks no less strange. Bitcoin is a risky asset in and of itself, and investing borrowed money doubles the risk.

To get into debt for 2 years, just in order not to miss the upcoming halving? What if something goes wrong and the start of the halving is delayed? In this way, you can definitely change your life as you wish, but these changes may not be what you expect.

Behind every bitcoin success story there is a story of failure, which, most often, is not written about. You need to be careful in the pursuit of repeating the success of others. What you are about to do seems to me an irrational act, for investing borrowed money is recklessness. These are your risks, which you consciously take, as well as your possible profit, and all the consequences will be assigned only to you, and not to me. So, good luck to you if this is your final decision.
hero member
Activity: 1666
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Playbet.io - Crypto Casino and Sportsbook
May 20, 2023, 10:13:02 AM
#4
Quote
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 a direct red flag and it has always been advised that never go into Crypto-currency investment using capital gotten through loan.
Bitcoin aside going into investment with capital you can't afford to lose is a dumb move and very risky and then going into any investment using money you can afford to lose that's gotten by taking a loan is completely a very silly mistake to do.

Aside from the fact that bitcoin is very volatile and the price is not predictable even during the halving. Many halving period has seen Bitcoin take time to take of and some who are short term investor would have pulled out and counted their losses, also you have the chance of losing the coin or any potential risk. It's never advised to take a loan for an investment.
legendary
Activity: 1512
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Leading Crypto Sports Betting & Casino Platform
May 20, 2023, 10:02:06 AM
#3
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.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
May 20, 2023, 09:51:21 AM
#2
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.

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.
How about just do it with your savings and avoid using a loan just to invest in Bitcoin?

I've seen a lot of stories, there have been some good but majority of them weren't really good enough when they've taken a loan and used it for investing in Bitcoin.

I'm not discouraging you but that's just what I've seen from those people that thought it was a good idea to invest using a borrowed money. You see that you'll be paying that loan for 2 years.

Yes, we're enthusiastic about Bitcoin's future but still with that period of time, you'll never know what shall happen to you and to the market.
jr. member
Activity: 50
Merit: 27
May 20, 2023, 09:43:59 AM
#1
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.

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.
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