Can I take a loan to invest in bitcoin? - page 20.

Inwestour

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Quote from: Agbe on February 07, 2023, 04:09:12 PM

Yes if only you know how you can pay the without touching the bitcoin you have bought with the loan. That is if there is any other alternative to pay the loan then it is a good idea to take loan and invest in bitcoin. Because probably the present time you want to buy or invest on bitcoin, there is no money and you know that money will come in the short period of time, and bitcoin price is very low for you to invest at that time, mate I will advise you to collect the loan and invest then when the money come, you pay back your loan. And of there is charge remained after the repayment of the loan, you can still used the remaining cash to invest to add up the first ones.
But if you are planning to repay your loan from the investment then I will advise you not to take the loan. Because it might land you in a very big mess.

A bit strange logic, if there is another source from which a person makes a profit, then it is better to buy bitcoin from it right away. In any case, you will have to pay interest on the loan.

And the price has already risen well from the bottom, from the lowest point the price has already grown by more than 40%, which is a lot and there was no correction. Therefore, now is not the safest time to take a loan to buy bitcoin.

In addition, will play a role, at what interest you can take a loan, one thing if 3-5% per annum, and another thing if it is 30-50% per annum. I don't like the idea of taking out a loan to buy bitcoin, anything can happen, and person can end up without bitcoin at all.

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Quote from: Wong Gendheng on February 08, 2023, 10:44:33 AM

In my country for taking loans at banks registered by the country being exposed to monthly interest around 2 to 6 percent per month, usually debt for vehicle loans is the highest interest, if we want to borrow money at the bank then in my opinion this is a very good thing because the potential for crypto is growing rapidly, I also plan to borrow money in the bank and I use it to renovate the house and the rest is about 25% I use for investment cryptocurrencies.

To be sincere I can't use or advice someone to use borrowed money to invest on Bitcoin. I know Bitcoin price is grow rapidly but it's not always growing sometime the price of Bitcoin reduceses. Imagine using $25k you borrow from a Fiat bank to invest on Bitcoin and the price of Bitcoin falls from $23k to $19k and the time to pay back the loan is almost near, what will you do? If you want to invest on Bitcoin you have to use your hard aimed money to invest so you won't get into Dept.

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Quote from: Wong Gendheng on February 08, 2023, 10:44:33 AM

In my country for taking loans at banks registered by the country being exposed to monthly interest around 2 to 6 percent per month, usually debt for vehicle loans is the highest interest, if we want to borrow money at the bank then in my opinion this is a very good thing because the potential for crypto is growing rapidly, I also plan to borrow money in the bank and I use it to renovate the house and the rest is about 25% I use for investment cryptocurrencies.

very appropriate action, because borrowing at a reasonable % and very doable as long as it can be avoided do not let the loan default due to mismanagement. so you really have to keep analyzing as well as possible what the borrowed funds are used for. Crypto is obviously highly recommended, because the increase you get is more than the % interest on the loan, so it's always profitable and you can repay the loan.

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In my country for taking loans at banks registered by the country being exposed to monthly interest around 2 to 6 percent per month, usually debt for vehicle loans is the highest interest, if we want to borrow money at the bank then in my opinion this is a very good thing because the potential for crypto is growing rapidly, I also plan to borrow money in the bank and I use it to renovate the house and the rest is about 25% I use for investment cryptocurrencies.

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Quote from: Unbunplease on February 07, 2023, 03:52:40 PM

Quote from: Theones on February 05, 2023, 07:58:49 PM

I m not an expert but I would take the loan money and invest it
And if I get to know i am losing the money - I will take out the funds immediately

There is a big psychological factor. It is that you will never know if the price has bottomed out. It will always seem that as soon as you sell, the price will immediately go up. That's why you have to plan ahead for your minimum sales targets.

Of course using a loan for investment is very risky in a situation like this, but if you are very confident and able to analyze it well, of course you can do it, now everything is returned to individuals, because those who know the situation are of course themselves.
at a time like this, of course it is difficult to determine whether this has improved or is it only temporary and will fall again and as you said, will it indeed have reached its lowest point or will it fall again.
agree, if you analyze wrongly, you will experience losses, but of course that is for the short term while the long term will certainly not be affected and will be safe.

Agbe

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Yes if only you know how you can pay the without touching the bitcoin you have bought with the loan. That is if there is any other alternative to pay the loan then it is a good idea to take loan and invest in bitcoin. Because probably the present time you want to buy or invest on bitcoin, there is no money and you know that money will come in the short period of time, and bitcoin price is very low for you to invest at that time, mate I will advise you to collect the loan and invest then when the money come, you pay back your loan. And of there is charge remained after the repayment of the loan, you can still used the remaining cash to invest to add up the first ones.
But if you are planning to repay your loan from the investment then I will advise you not to take the loan. Because it might land you in a very big mess.

Unbunplease

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Quote from: Theones on February 05, 2023, 07:58:49 PM

I m not an expert but I would take the loan money and invest it
And if I get to know i am losing the money - I will take out the funds immediately

There is a big psychological factor. It is that you will never know if the price has bottomed out. It will always seem that as soon as you sell, the price will immediately go up. That's why you have to plan ahead for your minimum sales targets.

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Quote from: AmoreJaz on February 05, 2023, 06:14:41 PM

won't advise to take a loan just to invest in crypto. the risk is high and there's no assurance if you can get your profits by the time you need to pay the loan. you will end up paying interests that may have been your profits. bottomline, you may not even get the break-even but more on loss. so don't take a loan to invest in crypto. just invest what you think you can afford without borrowing money from others.

It should be that people have to realize that making loans only for bitcoins is not a good idea he will not be able to meet their maturity to pay back the loan plus interest every month, like other people's advice in investing in crypto it must be prepared to lose because in here the risk of loss will be very large compared to the others regardless of long term investment but it takes a long time to be able to get a decent profit, so I only hope that you are not tempted by borrowing as much as we can and however much you can afford, then put it in The type of DCA method is the same as investment but by way of accumulation with bitcoins it is obtained.

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Quote from: Phyna4 on January 22, 2023, 08:40:00 AM

"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?

Will taking the loan for you to invest in cryptocurrency burden you in the future? If market conditions are stable and you can take advantage of the investment, it will allow you to return the loan, but what if market conditions worsen? Isn't taking a loan at a bank the specified time limit ?, how can you return the loan if the market is not on your side?. Sorry, this is not to scare anyone, but if you can avoid taking out a loan then you should be able to avoid it.

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Quote from: Theones on February 05, 2023, 07:58:49 PM

...
And if I get to know i am losing the money - I will take out the funds immediately

Usually it goes the other way: at the time when the one understand that they are losing money they lost already or everything invested or huge amount of it. And considering that you can do what the majority can't can be a mistake by itself: most of us are the same in the most common for people things, even if we think better about ourselves (of course I think! Cool

). Relying on expectations of a luck is not a good trading strategy.

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Quote from: serjent05 on February 05, 2023, 06:38:50 PM

Quote from: tabas on February 05, 2023, 06:18:15 PM

Quote from: masyari on February 05, 2023, 05:56:48 AM

It depends on interest rates in your country. I think that if your rates is lower than 3-4%, it not so bad idea. If you have enough money to freely pay that loan

Whether it's low or high interest, it shouldn't be a no. You invest it on a highly volatile asset and you'll have no idea when is going to be the best time of taking your profit. Yeah, if you've got some money that you can actually invest in, why still borrow?
Just use that money in investing and buy bitcoin so you'll have no headaches that you've got some interest loan to pay that you need to think all over it until you fully finish it with the interest. It's bothersome when you've got that obligation, trust me I've been there and don't wanna do it again.

Sometimes opportunity knocks in our doors but we don't have the funds for it. When the need for a loan arises in order to get a possible life-changing profit, I do not think that we should forbid ourselves of loaning.

Even huge companies and establishments have loans. Even a country has loans. This is proof that having a loan is not a bad thing. As long as we are capable of paying, I really do not think that we should skip the loan and miss the opportunity for a life-changing buy order.

It's a different case from being an individual to being an established business and enterprise. As for those companies that are taking loans, they're doing it for expansion and they've got a stable business and cash flow for which they can easily pay the loan + interest that's being placed on them.
But for individuals, the problem is, not all the loaners have the capacity to pay back if the reason is just for investing in bitcoin. They think that it's like a one time-big time thing that they can easily fully pay the loan that they take. I agree to you that opportunity that's knocking shouldn't be ignored but, we have to look at our situation if we're free in accepting it or not.

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Quote from: og kush420 on February 05, 2023, 07:29:17 PM

Quote from: Qiubell5 on February 04, 2023, 04:35:05 AM

Lots of people who are beginners or who just know about bitcoin, are interested and want to invest right away without seeing the losses and profits first. We must think before investing, let alone using borrowed money.

The amount of potential future profits is uncertain. Meanwhile, loans must have interest and must be paid. If we invest and then lose, it will be very unprofitable.

YOu are right in that case and my answer with be - never invest your loan money - never
I have lost $ 7000 loan money in the investment - and it took me six months to payoff my loan

Bitcoin or crypto investment is definitely not recommended using borrowed funds, of course it will be a loss if the interest charged is high enough other than you really want to share the results of the investment. but investment is clearly very profitable, so don't hesitate to keep investing in bitcoin, it's better to use your own funds that are not used, aka funds that are more than the rest of your daily needs.
but if the halving era is indeed approaching, of course there is nothing wrong with wanting to speculate, because we also know that investment requires the courage to make decisions and must be precise and certain.

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Quote from: tabas on February 05, 2023, 06:18:15 PM

Quote from: masyari on February 05, 2023, 05:56:48 AM

It depends on interest rates in your country. I think that if your rates is lower than 3-4%, it not so bad idea. If you have enough money to freely pay that loan

Whether it's low or high interest, it shouldn't be a no. You invest it on a highly volatile asset and you'll have no idea when is going to be the best time of taking your profit. Yeah, if you've got some money that you can actually invest in, why still borrow?
Just use that money in investing and buy bitcoin so you'll have no headaches that you've got some interest loan to pay that you need to think all over it until you fully finish it with the interest. It's bothersome when you've got that obligation, trust me I've been there and don't wanna do it again.

I m not an expert but I would take the loan money and invest it
And if I get to know i am losing the money - I will take out the funds immediately

Cryptock

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Quote from: paxmao on February 03, 2023, 07:59:46 PM

Even if someone is willing to lend you for bitcoin, buying a very variable asset such as crypto with a loan is like playing Russian Roulette. There is a chance it will go well and a chance it will go terrible and you will be left with a load to pay a nothing in return. There is also a chance that it goes well and you decide to double because it is such a good idea... you know and the loose.

the best suggestion in the forum I have gone so far is not to invest loan money and I suggest the same too
The loan and the investment are both risky - one is paying off the loan for nothing in hand though!

og kush420

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Quote from: Qiubell5 on February 04, 2023, 04:35:05 AM

Lots of people who are beginners or who just know about bitcoin, are interested and want to invest right away without seeing the losses and profits first. We must think before investing, let alone using borrowed money.

The amount of potential future profits is uncertain. Meanwhile, loans must have interest and must be paid. If we invest and then lose, it will be very unprofitable.

YOu are right in that case and my answer with be - never invest your loan money - never
I have lost $ 7000 loan money in the investment - and it took me six months to payoff my loan

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Quote from: tabas on February 05, 2023, 06:18:15 PM

Quote from: masyari on February 05, 2023, 05:56:48 AM

It depends on interest rates in your country. I think that if your rates is lower than 3-4%, it not so bad idea. If you have enough money to freely pay that loan

Whether it's low or high interest, it shouldn't be a no. You invest it on a highly volatile asset and you'll have no idea when is going to be the best time of taking your profit. Yeah, if you've got some money that you can actually invest in, why still borrow?
Just use that money in investing and buy bitcoin so you'll have no headaches that you've got some interest loan to pay that you need to think all over it until you fully finish it with the interest. It's bothersome when you've got that obligation, trust me I've been there and don't wanna do it again.

Sometimes opportunity knocks in our doors but we don't have the funds for it. When the need for a loan arises in order to get a possible life-changing profit, I do not think that we should forbid ourselves of loaning.

Even huge companies and establishments have loans. Even a country has loans. This is proof that having a loan is not a bad thing. As long as we are capable of paying, I really do not think that we should skip the loan and miss the opportunity for a life-changing buy order.

tabas

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Quote from: masyari on February 05, 2023, 05:56:48 AM

It depends on interest rates in your country. I think that if your rates is lower than 3-4%, it not so bad idea. If you have enough money to freely pay that loan

Whether it's low or high interest, it shouldn't be a no. You invest it on a highly volatile asset and you'll have no idea when is going to be the best time of taking your profit. Yeah, if you've got some money that you can actually invest in, why still borrow?
Just use that money in investing and buy bitcoin so you'll have no headaches that you've got some interest loan to pay that you need to think all over it until you fully finish it with the interest. It's bothersome when you've got that obligation, trust me I've been there and don't wanna do it again.

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Quote from: CageMabok on February 05, 2023, 11:13:08 AM

Quote from: masyari on February 05, 2023, 05:56:48 AM

It depends on interest rates in your country. I think that if your rates is lower than 3-4%, it not so bad idea. If you have enough money to freely pay that loan

Actually borrowing money for business or business purposes is not prohibited. But it would not be a problem whatsoever as long as someone is able to pay it on time. But if you remember about the risk of loss or not running the business smoothly, it will certainly make it difficult for you to pay for the loan. Especially if he borrows to use it into the crypto space the risk is always higher because any profit is always uncertain here.

won't advise to take a loan just to invest in crypto. the risk is high and there's no assurance if you can get your profits by the time you need to pay the loan. you will end up paying interests that may have been your profits. bottomline, you may not even get the break-even but more on loss. so don't take a loan to invest in crypto. just invest what you think you can afford without borrowing money from others.

Unbunplease

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That's not the kind of bitcoin investment return you need to take out a loan for. Waiting a few years to get 2-3x while you pay interest on the borrowed funds every month... Doubtful pleasure. no good idea.

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Quote from: masyari on February 05, 2023, 05:56:48 AM

It depends on interest rates in your country. I think that if your rates is lower than 3-4%, it not so bad idea. If you have enough money to freely pay that loan

Actually borrowing money for business or business purposes is not prohibited. But it would not be a problem whatsoever as long as someone is able to pay it on time. But if you remember about the risk of loss or not running the business smoothly, it will certainly make it difficult for you to pay for the loan. Especially if he borrows to use it into the crypto space the risk is always higher because any profit is always uncertain here.

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