First of all I would say this is only for nocoiners. If you have coins, keep your fiat earnings for daily life, if you have some left buy more coins if you think it will go up, but don't take a loan.
Now if you're a nocoiner, and don't have money aside to buy some coins, then it might be worth considering. The loan should be easy enough to pay back with your regular income, not something that would make you struggle. Maybe what you would have put into a new fancy car, put it into BTC, and keep your current car, something like that. However you have to be ready for BTC to crash, maybe even go to zero. You have to think long and hard about this. Believe me, as a hodler, it's harder than you think.
Topic: Loans are cheap good time to use loans for Investment in btc - page 3. (Read 1603 times)
February 10, 2021, 05:31:18 PM
February 10, 2021, 05:19:55 PM
Its truly awesome thought Each one who knows money related terms must go with it, numerous individuals think they can make benefits from the markets but it is broadly know that over larger part of the individuals lose all their capital amid their to begin with year exchanging, of the rest most break indeed or get a few little benefits and as it were littler bunch of dealers get noteworthy benefits, in case you're portion of that little gather at that point your procedure of borrowing cash seem make sense but too supportive for lion's share who misplaced capital and settle BTC in staking or HODL for long run.
February 10, 2021, 11:06:17 AM
I am not of the opinion of taking loan just for the investing in bitcoin as there would be phase when the market from top could fall for some time and that too could extend the losses, and if the timing turns out to be wrong then you may just be in a scoop of heavy losses. Though it’s a risky proposition, if on some drop in price want to just try the luck might take a small loan and invest and once it rises sell it and return back the loan amount and keep the profit and invest profit back again.
February 10, 2021, 10:50:40 AM
It's an impractical notion for my side. You can not rely upon bitcoins let sit tight for certain minutes as well. In 2017 the greater part of my companions take the advance to put resources into bitcoins, however, they lose everything when it begins falling. I am not saying that we ought not to take loans however never be so covetous. It would be better if we stand by till New Year's eve and, at that point consider the speculation. On the off chance that you actually need to contribute by taking a loan, at that point please accept speculation as much you can bear
I do not recommend taking a loan or rely too much on bitcoin, although being a full-time trader will help you and will give you money in the future still we need to consider that bitcoin and other crypto are very volatile and if we get affected by this FOMO it will ruin us and leave us in debt, maybe bitcoin now is at peak and pump so well, who knows it may dump any days from now or have some corrections, instead of taking loans work hard for every penny that you may need in the future.You wouldnt know on when the market would flip out thats why its really hard to consider such option.If you can pay off your debt without
relying your crypto income then its fine but if this is the one you would rely for you to repay then you are just doing suicide.
Always think twice or even thrice on making decisions because once you've fucked up you would really be having a hard time to recover.
February 10, 2021, 10:23:48 AM
It's an impractical notion for my side. You can not rely upon bitcoins let sit tight for certain minutes as well. In 2017 the greater part of my companions take the advance to put resources into bitcoins, however, they lose everything when it begins falling. I am not saying that we ought not to take loans however never be so covetous. It would be better if we stand by till New Year's eve and, at that point consider the speculation. On the off chance that you actually need to contribute by taking a loan, at that point please accept speculation as much you can bear
I do not recommend taking a loan or rely too much on bitcoin, although being a full-time trader will help you and will give you money in the future still we need to consider that bitcoin and other crypto are very volatile and if we get affected by this FOMO it will ruin us and leave us in debt, maybe bitcoin now is at peak and pump so well, who knows it may dump any days from now or have some corrections, instead of taking loans work hard for every penny that you may need in the future. December 28, 2020, 11:24:16 AM
Is there any platform that's give people free loan?
Well to be honest, there is.But the requirement is really strict such as you must have fixed job with more than like $1000/month as an income for an example or you have to make some sort of agreement with the lender such as send your passport or your residential address etc. Compared to other type of loans, this type of free loan is really risky and they might use your data for their own benefit since you can not control it.
Some are without any guarantee, but you must have a fixed salary and are immediately deducted per month to pay the installments. Even the interest is slightly higher than that of banks or other cooperatives. In my country, usually it is in "cooperative" loans to state civil servants or permanent employees of BUMN.
December 28, 2020, 03:44:30 AM
Is there any platform that's give people free loan?
Well to be honest, there is.But the requirement is really strict such as you must have fixed job with more than like $1000/month as an income for an example or you have to make some sort of agreement with the lender such as send your passport or your residential address etc. Compared to other type of loans, this type of free loan is really risky and they might use your data for their own benefit since you can not control it.
December 27, 2020, 10:24:40 PM
With what happened to XRP can also be applied to other cryptocurrency and instead of a negative news why not take into consideration the positive news. Imagine if you take a loan to invest in an asset such as BTC before the halving happen, and it goes up 100% in just a week. It's just about the timing and right decision when you're investing unto something. Ask yourself, why would invest in an asset that receive a negative feedback and wait for two weeks before you even pullout. You could avoid a huge 60% loss if you've pulled out early.
It is not that simple. No one knew that XRP would go down by 60% in a matter of few days. The exchange rates crashed as soon as the announcement from SEC was made. It was possible to pull out, but only after suffering a huge loss. And how are you going to cover the loss, since you have taken a loan to invest in this asset? Cryptocurrencies are highly volatile, and this can happen not just with XRP, but also with the other coins as well.
December 27, 2020, 04:09:57 PM
If you have job and income and money to borrow its cheap now its not bad at all 
You should not use your loan money for trading ever even though the price right now is really promising. I don't know what happen if you lose the tracks and lose your goal because it is too risky due to high volatile and hype these days. If you have primary job to cover the loan then it is fine as long as you can cover it, otherwise you should not. 
December 27, 2020, 11:28:48 AM
You can't be granted a loan without any collateral, and again there is a high chance that you will lose all the loaned money to crypto because crypto is unpredictable and you can't tell when bull run will be over, the safest time to buy crypto is when bears have taken over
It is very simple. Just look at Ripple. After the directive from the SEC, it has lost more than 60% of its value in less than two weeks. And I don't think that what happened to XRP will be an isolated incident. The same can happen to the other cryptocurrencies as well. Now ask yourself what you are going to do, in case you have taken a loan to invest in an asset such as XRP, and it goes down by 60% in two weeks.
Anyway, back to the topic, instead of using a loan on an invested such as market or crypto market why not something on that will surely provide profit even if it's on the long run. It's best not to loan unto something you can't compensate if you loss which will could cause you a negative outcome such as being broke.
December 27, 2020, 10:12:28 AM
Is there any platform that's give people free loan? You have to tender some collateral before you are given a pass I believe, anyways, what I've noticed is you need your right mind set to make the right decisions when trading crypto so taking loan will even make things more risky, you will be in worries because the money isn't truly yours
December 27, 2020, 12:01:00 AM
I don't like taking loans at all. It's like loosing you money because you always have to pay %. Investing in crypto associates with some risks, using borrowed money makes it even more riskier.
December 26, 2020, 11:07:51 PM
You can't be granted a loan without any collateral, and again there is a high chance that you will lose all the loaned money to crypto because crypto is unpredictable and you can't tell when bull run will be over, the safest time to buy crypto is when bears have taken over
It is very simple. Just look at Ripple. After the directive from the SEC, it has lost more than 60% of its value in less than two weeks. And I don't think that what happened to XRP will be an isolated incident. The same can happen to the other cryptocurrencies as well. Now ask yourself what you are going to do, in case you have taken a loan to invest in an asset such as XRP, and it goes down by 60% in two weeks.
December 26, 2020, 06:51:26 PM
Loans have never been a good way to invest in anything. You always need to go from the opposite and think about what will happen if you lose everything. In the case of taking a loan, it is obvious that it will end very badly for the borrower, and the money will need to be returned more and more every day, as interest for late payment will be accumulated. Therefore, you should never start doing anything on credit.
Loans are a good option when you are engaged in the production of goods or services and you need to expand the business, you have access to all internal information and understand the prospects and you can influence decision-making. None of this is observed when investing, because you do not own all the information and are forced to rely on your outside view and on your gut. And if you still use borrowed funds, then this is an even greater risk, because the loans need to be repaid. 
December 26, 2020, 06:29:23 PM
Loans have never been a good way to invest in anything. You always need to go from the opposite and think about what will happen if you lose everything. In the case of taking a loan, it is obvious that it will end very badly for the borrower, and the money will need to be returned more and more every day, as interest for late payment will be accumulated. Therefore, you should never start doing anything on credit.
December 26, 2020, 12:01:26 PM
If a business was to do this they would have some kind of insurance against the opposite (worst) happening.
Otherwise you are very exposed to go underwater and maybe drown.
Perhaps you can find a suitable hedge. Im not sure what else even compares to bitcoin that tangibly.
Always up sounds like a prayer, not a guarantee.
Otherwise you are very exposed to go underwater and maybe drown.
Perhaps you can find a suitable hedge. Im not sure what else even compares to bitcoin that tangibly.
Always up sounds like a prayer, not a guarantee.
Businesses aren’t in the business of gambling so it’s unlikely they would do this. Things like Microstrategy are the extreme exception, not the rule. Further, history is littered with examples of individuals who took on debt for a sure bet and got rekt because of it, and honestly they deserved it.
December 26, 2020, 11:52:02 AM
You can't be granted a loan without any collateral, and again there is a high chance that you will lose all the loaned money to crypto because crypto is unpredictable and you can't tell when bull run will be over, the safest time to buy crypto is when bears have taken over
December 26, 2020, 09:38:43 AM
There was no sign that Bitcoin will go down in 2017 as well but it happens unexpectedly, this same thing will happen this year and no one will see it coming, taking loans for Bitcoin investment is even more risky than using your own money and also life threatening
I agree, I will not let myself to loan just to buy bitcoin not because it is not worth it, we all know that bitcoin worth take the risk but, another liability is not good for our financial needs and add the fact that it is not always win win in trading, we should learn to find new things for us to buy bitcoin , it is not recommended to have an investment from a debt, I just read it somewhere, and also there's no assurance in trading not unless you know how to read charts for trends. They know how to make money and they can make that money grow using the talent they have .
People that are in the lower side of the society are the people that take loans and the loans often put in more riskier situation .
@New_order loans starts to become life threatening if the loans are big enough and if the loaner didn't paid them on the designated time .
December 26, 2020, 08:47:38 AM
There was no sign that Bitcoin will go down in 2017 as well but it happens unexpectedly, this same thing will happen this year and no one will see it coming, taking loans for Bitcoin investment is even more risky than using your own money and also life threatening
I agree, I will not let myself to loan just to buy bitcoin not because it is not worth it, we all know that bitcoin worth take the risk but, another liability is not good for our financial needs and add the fact that it is not always win win in trading, we should learn to find new things for us to buy bitcoin , it is not recommended to have an investment from a debt, I just read it somewhere, and also there's no assurance in trading not unless you know how to read charts for trends. December 26, 2020, 07:49:33 AM
There was no sign that Bitcoin will go down in 2017 as well but it happens unexpectedly, this same thing will happen this year and no one will see it coming, taking loans for Bitcoin investment is even more risky than using your own money and also life threatening
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