Topic: Can I take a loan to invest in bitcoin? - page 13. (Read 4422 times)

Its a very bad idea doing that. Crypto is highly volatile and you can lose all capital in seconds. If such happens and you are on loan, how will u pay bank the loan?

I don't think it's right if to invest in crypto you have to take out a loan or get into debt, it is highly not recommended to trade crypto using borrowed or debt money. I don't think that fits.
fluctuating and uncontrollable market conditions will make you act recklessly and can harm you.

you've given the best advice, there's no much to it it's now left for her to take or disregard it.
It's even better you go in with the little you can afford while hoping it claims profits.

The decision to borrow for investment purposes is not recommended, although various analyzes say the same result for the potential for a bull run in the future, but we will never know when a bull run will occur, but as long as the loan you have to repay the loan every month and market conditions are declining, so what what do you think about that condition and after considering the risks of that case, will you still take a loan for investment?

Most of the time even if you make an investment after doing a homework you never know if you are going to lose money or you will get profit out of it.

Wishful thinking or you try to push the market by hurrying up others to buy? There are very few reasons for fast growing and I'd say that many are predicting flat for months, and some predict soon lowering, — there are all possible predictions for every preference. And if you'll take a loan be prepared to pay it all before bull market, don't rely on some or many analysts. It will be your own decision both in case if you'll fail or in case of you'll win. If you are ready to this, then as you wish. But I don't recommend taking a loan for investing, doesn't matter investing in what.

I think taking a loan now is the right time because the potential for a bull run is very large, many analysts suggest buying immediately before everything is too late or becomes expensive, if this year we can reach $ 100k then we will get more than 300% profit and this will not happen There are other types of investments.

Well, it has always been told not to take a loan to invest in bitcoin but what if someone does not have money to invest in bitcoin, but they also want to buy bitcoin and get an advantage when the prices reach high prices? Everyone wants to invest in bitcoin and change their fortune.

I think if bitcoin is at lower prices like below 25K or 20K, that may be the right time to get some loans and invest in bitcoin for the long term. Make sure, you do not accept to return loans anytime earlier than 2 or 3 years. In this case, you are surely gonna get the benefit. However most people get loans to buy bitcoin when they see bitcoin at all time high and they do this only because of the hype in social media, in that case, they will never be able to pay back the loan.

Not only you @bangjoe but I also want a loan that doesn't pay interest for that long like you said.
Of course, I don't think there can be a loan that doesn't charge suffocating interest, I think all loans are like that. Unless we borrow from our parents maybe there won't be any suffocating interest. lol.
I don't know, I also think the same as you and can't say a word if there are people who still think and ask whether investing in crypto with borrowed money is a good thing to do.
Or some suggest taking a big risk by taking out a loan. If when it's time to return the loan it turns out that crypto is under then it is likely that he will be in debt to cover the loan, if it is not paid I am sure that his goods or property will be confiscated.
I don't know, I can't imagine if life isn't calm thinking about repaying a loan or being chased by debt like that.
Your'e right, investing in crypto with personal money that we have alone can be at risk of loss, especially when we invest with borrowed money that has a grace period to return, it will really make us dizzy.
If crypto is an investment asset that has a slight decline and always increases high every day maybe it is profitable to make loans, but the fact is not like that.

My first piece of advice is to only listen to those whom are qualified to give such advice.  As a financial advisor, being someone who's qualified to do so, I hear too much nonsense from people trying to give any type of financial advice.  Now I'm not saying that there aren't people in this thread who know what they're doing..but to be safe, it's typically not advisable to take anyone's advice unless you know their qualified/have proper licenses that prove they are qualified.

Still, it is worth bearing in mind that bitcoin is a fairly long-term investment. And credit has a very unpleasant property - as soon as you take a loan, you begin to accrue interest, to pay which you need to find money somewhere. Accordingly, the profit made from investing in bitcoin must cover the interest paid.

If you are taking a loan for bitcoin investment then it wouldnt really be as bad but of course be sure to yourself that you could really pay up the loan without needing nor to rely with your bitcoin investment.
This is why you should really be thinking carefully on taking up a loan and be responsible on whatever things that you should really need to deal with.Taking a loan is risky but something you do able to
put it on an investment which does have that potential that could make up money into you then it wouldnt really be that a bad decision.This is why you should really be
careful on taking such step.

Some people kick against someone taking loan to invest in cryptocurrency I've not been a wise idea or why decision but from the way I am seeing taking loan to invest in Bitcoin I do see it as a wise idea because the money used for the investment can bring up another money so I don't support that decision of some people go decline or reject someone who borrowed money to invest for Bitcoin

I think without having to borrow if you talk about risk, the same thing will happen even if you use personal money, but the problem here is that when the money invested is borrowed money, who gives the loan and when to pay it back, we all here believe that bitcoin is always repeating the same cycle with a gap of four years from ATH to his new ATH, Well who dares to lend money for that long and without having painful interest.
I think I will take the offer if there is one. lol


It would be a stupid decision to take money from moneylenders who can charge interest at will so it will burden you when you cross the limit of their patience, although basically we can pay it with our salary but it is not a good decision, I think if you have salary is better to save it in bitcoin as if we pay off debt even though it's not much but if you do it every month you will get bitcoin without being dragged into suffocating debt.

Playing safe often leads to missed opportunities. Remember that.

I'm not against investors who are playing safe, or conservative, but if you are a young investor (like at the 20-30's), you still have a good amount of time to recover your losses if you loss some of it because you still have energy to work. As you go older, that's the time where you will slowly adjust your risk appetite until the time comes that you will be a very conservative one (for me, I will only be a conservative investor when I turn maybe 55-60 years old).

As for borrowing money to invest into Bitcoin, I'm not saying that there's nothing wrong with like what most others are thinking because after all, it all depends on when you borrowed a loan and invest into Bitcoin. I'll give 2 scenarios.
1. If you borrowed when Bitcoin is at it's peak, and you immediately bought it, there's a high chance that you will lose your money into it therefore, you will have more problems because you are at a loss in investing into Bitcoin, but at the same time, you need to pay your loans + the interest of it.
2. If you borrowed when we are in a bear market, that would be better because there's a high chance that you bought Bitcoin at the bottom or near of it, and the upside to it is really high therefore, you can get profit in just holding it.

Having a loan to invest into Bitcoin isn't really a good thing at least for me because it all depends on when you bought Bitcoin.

A borrower can benefit from Bitcoin if the loan shark or bank etc does not give a countdown period to repay the loan, I guess it is impossible to see such opportunity this days.

Bitcoin is a good investment no matter what type of money you using to invest but the problem with a loan is the lenders, you won't be able to have peace of mind because you will be thinking about what could happen every time.

If very bad news comes up about Bitcoin you will have a hard time sleeping at night, for the sake of peace it is better to use the money you worked for you invest in Bitcoin instead of borrowing money.

Panic here and there does not make for a healthy life, and a healthy life is a wealthy life. Do not place pressure on yourself.

I think it's a bad choice, because many say invest using free money, not with a loan that you have to pay off every month.
tell your friends to get bigger income.
after that then try to invest.
or she can borrow money from her family first.

Borrowing money to invest does not seem like a profitable choice. Although I have no experience in investing, I don't dare to invest if it is the result of borrowing.
It's better to play it safe than having to borrow to invest.

Investment is not something to be forced.

As long as you keep asking for what time is best to invest on bitcoin, you will keep getting genuine response from people that when you think you have money to exchange for bitcoin and ready to take risk on investment, meaning bitcoin is a profitable asset which could not be advised on anyone to take loan on, because you might be wrong with your target on when bitcoin will rise and if the result keep coming on fall, you will be in dept to refund the money back, so as clear as this is, it is more wise enough not to borrow money for a bitcoin investment.

Bitcoin is useful enough for the long term. In this regard if an investor can afford to take a loan for a long time then it makes sense to invest in Bitcoin. But it can be a big risk for those who are motivated to do such a thing with a short term loan. If the investor has different earning sources then he can invest. For those who are not yet involved in any earning platform, taking out loans can have major effects. So before investing in bitcoin with loans, you must think twice.