Topic: Can I take a loan to invest in bitcoin? - page 15. (Read 4422 times)

Before making a decision, let alone an investment, make sure we always think about the good and bad things, sometimes investments have to go a long way to be profitable, if we buy bitcoin and tomorrow the price goes up 10% then there is still a chance for a loss or the price goes down again, but if next year the price has risen more than 150% then this is safe and profitable.

The long-term vision is that bitcoin will always do well, but bitcoin is volatile in the short to medium term, so a bank loan for investment is the worst advice I've ever heard.

You are right when you say bitcoin is up 40% in the first 2 months of the year, but what evidence do you have to prove bitcoin will continue to increase this year, not fall as sharply as in 2022?

There is only one scenario where you can think of borrowing money to invest, that is you have a high paying job, and even if the investment fails, you can still pay that loan as well as the interest. But I don't think someone with a high income will borrow money to invest.

This would be fraught with risks, as it is true that it is not advisable to take a loan to buy Bitcoin or any other cryptocurrency.No one can succeed in cryptocurrency with loan.  People who are in loan are always depressed, so I don't like to take loans.There is no guarantee that investing in cryptocurrencies will always be profitable, as cryptocurrency markets are highly volatile and the price of a particular currency can fluctuate widely in a short period of time.So you can never be sure that you will be profitable.  How will you repay the loan if you lose once?

Do not take a loan to invest in bitcoin. You can take a loan to invest in other business but not for bitcoin investment. The reason is because bitcoin is not a short term investment. It will take you like years before your investment in bitcoin profits you. And the loan you took either from a financial institution or from a friend may not take up to that period before you pay back.
Taking a loan to invest in bitcoin can be a risky move.

Slowly and gauging all your finances is great to keep you from worrying about the world or if all the loans you have are reduced or nonexistent it is very good and having a $400 investment right now is a great start to getting better. but if someone has enough finances this will be very different from us who don't have excess finances.

Yes, I think if you want to invest calmly then use cold money like the rest of your monthly spending money, even if the value is small, but think of this as your savings for the long term, if you borrow money to invest in bitcoin, indirectly this condition will a little disturbing your mind, coupled with market conditions that are not always in your favor.

I suggest using cold money to invest.

I think the loan solution is not good for investing in crypto because it is very high risk with fluctuating prices. It's true what you said now the price is in a good trend but there's nothing we can predict for the future. Especially if you use a loan with a certain time limit, it will be very detrimental to you if you don't reach the target you want later.I think the loan solution is not good for investing in crypto because it is very high risk with fluctuating prices.

It's true what you said now the price is in a good trend but there's nothing we can predict for the future. Especially if you use a loan with a certain time limit, it will be very detrimental to you if you don't reach the target you want later. The best advice is to use free money, if you don't have one, start attacking saving and waiting for the next moment.

No mate, why would you advice someone to take a loan just to invest in cryptocurrencies rather than using their own money that they can afford to lose. As an investor, you should know by now that investing in bitcoin has its own risks as it's too volatile. It might be tempting enough especially if you're looking to hold it for a long-term basis because the interests are somehow manageable but bitcoin's growth throughout the following years is not that guaranteed that you can have the profits and therefore, those funds that you've invest could lose in any given moment and if you advised someone, you might destroy someone else's life because you've planted the wrong seed.

If you want to take loan to purchase bitcoin, you have to be smart about it, you don't wake one morning and hit where they will borrow you money you want and invest everything in bitcoin. To do this kind of thing, first, you have to analysise the market if it will be favourable to buy bitcoin and if it will yield income in due time and there is minimum negative impact on the market and then secondly, make sure you put the duration of the loan into plan so that you don't buy bitcoin that you wouldn't be able to pay back when it is due time, that is what I think is perfect solution, it may not be better but the second is very important factor.

I also suggest not taking the loan, because it can cause more problems, because the price of bitcoin is very volatile and is inversely proportional to the loan that must be paid every month. Maybe another alternative he can borrow from friends or family first.

As investors, of course we have in-depth analysis, asking questions in this forum is only an additional reference, it's better to find more information, and of course we can try with a small loan and if it's profitable, we can pay it off immediately and apply for a larger loan.

Your advice is very good because a loan has a stipulated date you have to pay back and you are not sure if you would have made the necessary profit before that time, I will still go for savings rather than a loan

In my opinion, the trend and performance of bitcoin will still be good in the next few years, the number of users who continue to increase is an important key that the price of bitcoin will easily skyrocket, if we don't have the capital to buy bitcoin then a good solution is to take a loan, if we take a loans in banks only pay interest of around 20% per year, while bitcoin in January can increase by more than 40%.

If one has a passive income such as a permanent job or business.  So even though investing in Bitcoin with a loan is very risky, this loan will not put him in much danger. Because he can repay that loan from his other sources.  Because of which he can hold bitcoins long term and holding bitcoins long term is a potential way to earn big profit. so one can take this risk and borrow money from anywhere without any collateral and invest in bitcoin. Because everyone must accept that words no risk no gain

Nah, i think its a bad decision. Think about the risk what if the investment is going down. You lost your money, you have a debt its not a good idea at all. There is no guarantee that you can earn some money. But, in the end its your friend money after all.

Various organizations provide loans without any collateral.  And banks also give loans to businessmen without any collateral. But of course you can mention a business to the bank and invest in bitcoins by borrowing from the bank, but this will be very high risk because when you take a loan from a bank or any other organization, you must pay back that loan with interest. So in this case if the price of Bitcoin goes down instead of increasing. during the periods of the repay bank's loan, then you will face a big problem because the bank will never forgive you the loan money for any reason.  Then how do you pay the bank? So, after thinking about these things, you should invest in Bitcoin with a loan

You are absolutely right and I agree with you. Before investing with loans not only Bitcoin but in any case he should think if he has any passive income and if he loses on his investment he has the ability to pay off the debt then of course anyone can invest in Bitcoin with loans without any problem.

Borrowing to invest in bitcoins is everyone's right. wherever you want to invest especially in bitcoin. In my opinion, you must have passive income/active income first because when you invest in bitcoin, sorry if bitcoin goes down and you experience a loss, you can pay off/pay off the loan from the passive income/active income so you don't go bankrupt and suffer

Before making a decision, it's best to do DYOR, taking a loan, let alone using collateral, is a risky thing, sometimes the movement of bitcoin is different from our analysis or estimates, so if we invest bitcoin by taking a loan, it will stress us out when the price drops.

Even if it's family, I really don't think I will advise anyone to take a loan and invest in bitcoin. Often times people get overwhelmed about investing, and except for taking a loan from the bank, where they have to give details of what they are using the loan for, if they borrow from relatives, they may not give reasons. Out of trust, they may get the loan from their family, but when they don't pay it back, it becomes a disappointment for the person who lent them the money. It is not advisable to lend and invest unless one is absolutely certain of the outcome. Crypto is not fiat, price stability is not assured, and no one is always 100% accurate on speculation. Unless they are borrowing from a family member, they should be specific about the reason for the loan so that their trust is not ruined. 

the recent price of bitcoin, how long do you think it will last? Are you 100% accurate on the next price? All you're doing is speculating because you think it may attain +200% this year, but if that's not possible, where can the OP's friend get money to repay her loan? or do you think loans can be repaid any time you like? (rhetorical questions).


OP, unless your friend sees that she has another stream of income that she can use to repay the loan before she goes further. So that even if her expected profit from Bitcoin is not yet coming, she can still repay the loan once the date for repayment is due.

Well, that's too risky to be honest due to Bitcoin is kinda unprofitable in short term. And in general taking a loan to invest in crypto is wrong choice , as you see the market is unpredictable and the profit is ungaranteed. For me, I would rather find a way to gain Bitcoin ( Like, doing freelance works or E-commerce...etc ) than take a loan and be controlled by a bank.

It is certain that taking a risk is necessary to achieve goals but it should be a planned one, otherwise you will lose what you have and struggle with debts. And remember that nothing come without a solid strategy and plan. Good luck