Loans are cheap good time to use loans for Investment in btc - page 5.

Vishnu.Reang

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Quote from: ?? on ??

Loans are only good for a low risk business and a sure profit but in bitcoin investment, the volatility is too high that makes it a very high risk investment. Ssio it will tube more safe if we start investing with an amount we can afford to lose even if it means low capital, low profits. Taking loans can only worsen the situation once things happen when you least expect it.

Irrespective of whether the investment is low-risk or high-risk, I would never recommend making an investment after taking out loans. If you make a low-risk investment, then the profits would be lower than the interest rate that you need to pay on the loan. On the other hand, in case you take a high-risk option, then there is always a possibility of incurring losses.

Rengga Jati

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Quote from: cryptoboss2020 on December 14, 2020, 10:37:23 AM

If you have job and income and money to borrow its cheap now its not bad at all

One that I will never do is:
Buying or investing BTC with loan money.

I am a risk-taker, but not a risk-taker without consideration. In many cases, loans will require so many requirements, and also the Bitcoin market is still very volatile. So, we cannot decide that BTC will always rais again. Many people were sick of loans for Bitcoin in 2017 and many were stressed because of this. So, just don't be part of them.

Sithara007

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Quote from: Yatsan on December 22, 2020, 03:59:23 PM

Are you pretty much sure and confident to take loans just to be able to purchase Bitcoin? I think you certainly know the risk associated on doing investment in crypto that you must just use your own money that you have in your pocket instead if taking loans or borrowing money from someone which you certainly do not know if when you are going to get it fully paid back for such assurance in investment will not be that constant specially we are talking about crypto investment. Instead of taking loans, just invest what you just have and what you can just afford to loose you will not brag extra baggage thinking how you can pay the loan you have made if ever your investment does not look good on the outcome. It is not because Bitcoin is soaring high continuously is you will be just confident to take loans. Better to be safe and aware that it is very risky dealing with that.

Back in 2017 also, I saw similar threads here in Bitcointalk. A lot of people were talking about taking out loans, so that they could make investments in cryptocurrency. And we know what happened after that. In around 12 months time, the Bitcoin prices crashed by around 85% (from $20,000 to $3,000). The altcoins behaved even worse, with Ethereum losing close to 95% of its value during the same time. But unfortunately, some people never learn from history.

Yatsan

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Are you pretty much sure and confident to take loans just to be able to purchase Bitcoin? I think you certainly know the risk associated on doing investment in crypto that you must just use your own money that you have in your pocket instead if taking loans or borrowing money from someone which you certainly do not know if when you are going to get it fully paid back for such assurance in investment will not be that constant specially we are talking about crypto investment. Instead of taking loans, just invest what you just have and what you can just afford to loose you will not brag extra baggage thinking how you can pay the loan you have made if ever your investment does not look good on the outcome. It is not because Bitcoin is soaring high continuously is you will be just confident to take loans. Better to be safe and aware that it is very risky dealing with that.

Princejebs

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You are one of a funny guy, simply because bitcoin isn't slowing down, you want to take a loan that will be on your neck to invest in bitcoin?
Now let me advise and I hope take this serious, currently is been pushed by institutional investors, no one is certain if bitcoin will he repeating 2017 pattern but It isn't recommended to buy bitcoin at a the top. Whu don't you think of such decision when Bitcoin collapsed from 10k to 3.5k in just a month.
Don't try what you will heavily regret, invest in what you can afford to lose mate.

YOSHIE

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Quote from: cryptoboss2020 on December 14, 2020, 10:37:23 AM

If you have job and income and money to borrow its cheap now its not bad at all

Your advice is not currently being considered, when Bitcoin has advanced 70 kilos / hour, the risk of catching a train that has departed is large.

Your advice is good, but done when the price of Bitcoin stops at the level of $ 5000 mid-2019, maybe if you take a loan of $ 20,000 in a 1-2 year period, now you will have enough wealth to achieve your dreams.

Maybe for now no one has dared to take action for your advice, the risk is quite large in front of your eyes, not sure Bitcoin for the future, the direction of the pace can run faster or reverse backward faster.

slapper

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Quote from: fiulpro on December 14, 2020, 10:49:57 AM

Hello
I am a firm believer that you should not use loans to invest in BTC. What is the price went down and you had to pay it tomorrow?? But you cannot sell because at the end of the day the price is going to improve and you know it, so you just wait and keep paying the interest and at the end when you do sell it for real , you already did pay a lot of interest and the profit you made becomes even smaller.
You do need a good strategy, luck and a lot of credits for it. Even though many governmental bodies are offering loans for as low as 0% I do believe that they are going to ask you how you will use it ? When will you return ? Things like these and even if by chance you told them that you are just going to invest it in bitcoins I don't think they will be so happy giving you the loan. If you can get in 0% best of luck, but be careful.
Another thing , some credit cards have 0% loan strategy for the people so more or so people use them to secure loans and invest in bitcoins but at the end it doesn't end very well always. You should also take that into consideration if you are going to do that.
Plus *" Trading"* 1-3% everyday? It's something only super experienced and super successful people are able to do. You can never be sure of trading....

Well, as you say, many banks offer loans as low as 0% per year. In my country, it is around 15% per year. This is not a big amount of money comparing to what we can probably earn with bitcoin. Therefore, borrowing money from banks is not a bad idea since you can easily double that money in a year or less. However, the hard task is how to convince the bank to give you the money. Credit and trust are essential factors that banks consider whether you are worthy or not

Most people can not pass this process or they are only allowed to have a small loan. There is another solution: Margin trading. This is the best type since you don't need to ask anyone for the money. But remember to learn before using it. You need to be responsible for your own balance. A mistake can lead to an empty wallet. Be careful

cryptoboss2020

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A current investment looks good, but what happens when the debt matures and thanks to the market, you still can't afford it?
I trust you and I no one wants to be homeless, so invest a little, don't put all your eggs in one basket.

Sorry Sorry I can not answre for those questions anymore!!
I its like Zero capability to use current Information and connect the dots.

Monkey Will learn slower the human... we humans should learn fast...
I hate to explain over and over again....
All im saying use the Information and learn to analyse nothing happens just random everythung have reason behind.....
When you see guys like warren buffets... Its not like they are smart all they need to know are just the few principals... and you use all those.

meldrio1

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No sign of bitcoin go down? what if bitcoin will dump suddenly?, taking loans just to invest in bitcoin is so risky. It is difficult to predict what will be the next move of bitcoin. If you taking loan low % and you have a job I guess it's ok as long you can recover it with your salary in case bitcoin will suddenly go down. For me it's better to invest with your salary than taking loan, at least 30% of your salary investing in bitcoin.

jostorres

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I don’t take loans, but even if I am to take a loan it wouldn’t be to invest the money in Bitcoin and then lose it when the price plummets. I wouldn’t do that, but if anyone insists that they are going to do it, my advice is that they don’t go ahead to invest all the loans, it would be better if they just invest a little part of the loan in the cryptocurrency market and then there are so many other better investments they can do to raise money to pay back their loan, especially a steady stream of income.

Bitcoin is actually based on luck, you can’t do much predict, you’re not even 100% sure of the support and the resistance, it can go anywhere anytime.

Sapphire915

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We shouldn't be so complacent that Bitcoins will never go down because it is being created volatile by nature. And investing to Bitcoins through loans or borrowed money is definitely the worst idea for me, because we cannot predict the future movements of Bitcoins in the market. No matter how low the interest rates in money lending services are, still its not a wise idea. If we are going to invest with Bitcoins, it is better to buy with our own money for whatever the result of our investments will be, the pain of losing our own money is the only problem we will bear afterwards and not the monthly payments from loans.

shoreno

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there is a sign that btc can slow or go down , if you could only see closely that btc is getting to be volatile again but not as big as before but that can still be a sign that it can go down . small declines can go a long way if it will continue .

why would loan get cheaper now , ah now i know maybe because of the pandemic and loaning companies are trying to help but if they did their part of helping you why would you not do the same , you should help your self too to get up and not by put your self down more evenly by investing on risky items .

marlo1001

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Loans are cheap only in several countries. Guys, do not get loans for 10%+ to invest it in crypto

bryant.coleman

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Quote from: Findingnemo on December 20, 2020, 09:18:52 AM

Yeah, that is why you shouldn't take loan to invest on highly volatile assets like cryptocurrency even for stocks. Taking loan for a business idea is better which also need to be done only when you are running a successful business but still want to expand it for that you need more capital.

The problem is that when Bitcoin prices are going up, most of the investors think that it will be the case forever. They don't even want to consider the possibility of a price crash occurring at some point in the near future. And looking at the history of Bitcoin, it has undergone major crashes multiple times in the past, starting with the one in 2014 February, when Mt Gox went down.

jaberwock

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I would say that loans are always a good way to grow your business and money, people react like loans are a bad thing but without loans the world wouldn't spin, believe me everyone has huge debts and huge loans, that is how you grow bigger.

I know a family member back in the day who had huge factories that he rented out, he wasn't using them anymore since he was 90+ years old and haven't worked in almost 20 years, but until he was 70 years old he built that two huge factories from zero, he was just a regular worker, got some loan, build a small shed type of manufacturing place first, while paying that first one business got bigger so he took a bigger loan, paid the first one with it, and with left overs got a big garage like place instead, got bigger and basically did this over and over again.

He said by the time he was 70 years old he was in debt more than ever in his life but he was owner of two huge factories instead of working for someone else or having just a small place. Get a loan, don't be afraid, worst case you will have to work to pay it off, best case you will never have to work again.

Samayuki

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Even if Bitcoin shows no sign of dropping in value anymore it's still under a probability, things can take a different turn unexpectedly, taking loan to invest in Bitcoin is x10 more risky than investing your own very hard earned money on bitcoin, before taking such step sit down and think about it very well, it's not worth it

Findingnemo

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Quote from: bryant.coleman on December 20, 2020, 08:21:14 AM

Quote from: Findingnemo on December 20, 2020, 08:04:30 AM

Save money and start investing that is the basic rule for successful investor but there are lot of people who take loan amd get succeed as well because they actually know how to make money and also tackling the risk factors involved. Every investment is risky though but nit every investment holds same amount of risk so choose things wisely before taking a decision.

Taking out a loan to make investment doesn't sound like a clever idea for me. First of all, you will never get a loan which is interest-free. You will be forced to pay interest, at a rate higher than what you get from bank deposits. So even before starting your investment, you are down by a few points. On top of this, there is no guarantee that your investment will return good profits. So now the risk has doubled.

Yeah, that is why you shouldn't take loan to invest on highly volatile assets like cryptocurrency even for stocks. Taking loan for a business idea is better which also need to be done only when you are running a successful business but still want to expand it for that you need more capital.

bryant.coleman

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Quote from: Findingnemo on December 20, 2020, 08:04:30 AM

Save money and start investing that is the basic rule for successful investor but there are lot of people who take loan amd get succeed as well because they actually know how to make money and also tackling the risk factors involved. Every investment is risky though but nit every investment holds same amount of risk so choose things wisely before taking a decision.

Taking out a loan to make investment doesn't sound like a clever idea for me. First of all, you will never get a loan which is interest-free. You will be forced to pay interest, at a rate higher than what you get from bank deposits. So even before starting your investment, you are down by a few points. On top of this, there is no guarantee that your investment will return good profits. So now the risk has doubled.

Findingnemo

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Bitcoin = Financial freedom

Quote from: taufik123 on December 19, 2020, 05:31:16 PM

Quote from: Findingnemo on December 19, 2020, 02:13:06 PM

But they have the capability to survive even if they defaulted their loan but it is not the case with the loans we are taking. We are giving some kind of collateral while taking loans so if we default it then banks will auction our property and take their money but at the end we will be on the streets.

it is a risk that will occur when we cannot pay the loan. Securities such as land certificates and vehicle certificates will be held by the bank. The bank will also provide a maturity date when it must be repaid.
So don't make a loan just for an investment that you don't understand or just want to try it. It is better to use it for other things such as for business capital and the like, where it is clear how much you earn.

Save money and start investing that is the basic rule for successful investor but there are lot of people who take loan amd get succeed as well because they actually know how to make money and also tackling the risk factors involved. Every investment is risky though but not every investment holds same amount of risk so choose things wisely before taking a decision.

aoluain

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I have borrowed to buy Bitcoin!
I didnt borrow millions, I borrowed what I can manage to pay back on a monthly basis.

Look at microstrategy, they have done something similar because Michael Saylor sees what the future holds for Bitcoin and FIAT based assets.

Again realistically we need to look to at least 12 months away and further.

The market will be bullish next year to low to middle income earners will find it even more difficult to increase their bitcoin amount as their salary stays the same, why wouldnt anyone borrow to buy now?

We borrow for any number of other reasons which when really examined dont make 100% sound financial sense, Cars, which ultimately loose value, Holidays, which become just memories.

The risk to all regardless of the amount borrowed is the same but Microstrategy dont see much of a risk...

https://www.investopedia.com/microstrategy-which-purchased-bitcoin-last-quarter-is-raising-money-to-buy-more-5091589

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