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Topic: Loans are cheap good time to use loans for Investment in btc - page 6. (Read 1543 times)

full member
Activity: 2296
Merit: 225
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It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The price of bitcoin is now over $ 23,000.  We have never seen such a high price.  Despite the fact that we hope that next year it will continue to grow, everything can happen contrary to our expectations.  Therefore, taking out a loan now to invest in bitcoin is not a very smart decision.  The risk is very high.  In general, I do not like to deal with loans and take out a debt.  This requires almost complete confidence in making a profit, and in this case, there is no such confidence.
sr. member
Activity: 1876
Merit: 318
I wouldn't say investing in Bitcoin using borrowed money is a bad idea. Because many rich people borrow money from banks
to develop their businesses. But the problem is not recommended for people who are middle class and lower class investing
in Bitcoin with borrowed money. What is if the price of Bitcoin suddenly dumps will add to the problem, but for the rich it is not
a problem, because it can cover these losses from income from other places.
full member
Activity: 1162
Merit: 168
I don’t think I’m ever going to try that, and I am not going to do it because it’s very risky. I don’t know for you, it’s your choice if you want to try, maybe based on your past trades you strongly believe that you’re going to make steady profit daily to be able to pay for the loans you’re going to take, if not that, then you’re wasting your time, because you’re going to be losing money in the trade and that means you will not be able to pay for your loan, so you have got to be very careful.

I prefer to trade Bitcoin and invest in it with money that hundred percent belongs to me, which I know I wouldn’t be bothered if things happens to go wrong.
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
There is no signs that Bitcoin will slow down!

The risk/ratio reward telling that If the loans are cheap with low% its good to invest in risk assets like Gold btc and even property.

Even better If you can do day trading swing or intra day even you make just 1-3% daily.

If you have job and income and money to borrow its cheap now its not bad at all Smiley
As long as you can pay the loans that you loaned in the bank without problems then you are good to go Cheesy.

Loaning in banks to invest in crypto right now is possible but not advisable to do especially for those investors who are just newbies. If you can take the volatility of it then you are good. If you are ready to cut loss in case the worst thing happen then still good. Loaning isn't a good idea since it is very risky but with the low interest rates of banks, now is the best possible time to loan.

If somebody will do this, make sure that you are ready with the worst case scenario that might happen to your investment and good luck in doing it Cheesy.
member
Activity: 98
Merit: 117
Someday we will rise ...
i think if you have a steady income, it is not wrong to take a small loan _depending on your income_ which won't affect your life.
like instead of investing 200$ per week for 3 years, take a 100$ off of it, * 4 * 12 * 3 = 14400$ loan as it is cheap, and stack the sats BTC as long as they are affordable.
But if you were a Rebel and a Believer in the power of Bitcoin BTC and its' Technology, then you can check The Bitcoin Family.
full member
Activity: 1708
Merit: 126
This isn't a wise idea because the crypto investment is risky and we don't know the possible changes that might happen due to its volatility so where will you get the assurance that you could pay your loan in time? There's no guarantee that Bitcoin would always pump so you better use your own money than to have debts that you couldn't pay especially when the prices turn red.
legendary
Activity: 2142
Merit: 1012
It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The institutional investors have been buying bitcoin before the pump was happening. They are not stupid enough to spend all of their money for bitcoin at the peak price.
micro strategy has been making 100% return from its porfolio (55k bitcoin)
The little shrimp should not use their loan to buy bitcoin right now. The problem is if there's no signal about the bearish trend to come.
Unfortunately, the cryptocurrency market is quite young and irrational, and it is possible to reliably judge signals about bullish or bearish trends only later, when the market has already made its move Wink Market experts as always say mutually exclusive things, that bitcoin still has reserves where to grow and vice versa, that the exchange rate price is at the maximum and a correction should follow. Therefore, I also do not understand investors who take loans to buy bitcoin, especially in the current conditions of a significant increase in the exchange price of bitcoin.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The institutional investors have been buying bitcoin before the pump was happening. They are not stupid enough to spend all of their money for bitcoin at the peak price.
micro strategy has been making 100% return from its porfolio (55k bitcoin)
The little shrimp should not use their loan to buy bitcoin right now. The problem is if there's no signal about the bearish trend to come.
legendary
Activity: 2618
Merit: 1103
If you think loans are cheap you should get one. For me they are not, but it's a matter of perspective I guess. The only purpose of loans in my case is taking one to later pay it with bitcoin profits, so that I can explain to the tax office how I could afford that new house. Cool It was all from a loan, really, no drugs or money laundering here.
Jokes aside, trading with loaned money is never recommended, just like going 20x on leverage.
legendary
Activity: 2520
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Rollbit.com | Crypto Futures
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.
hero member
Activity: 2170
Merit: 528
Loan are not cheap, they’re only cheap to the privileged selected top elite, for peasant like us the loan is very expensive.

Exactly. To take a loan you usually need a collateral or a stable job that will serve a similar purpose.

I also would not use a loan to invest because it creates additional pressure. You know that you're not investing your own money so you're probably going to exit fast or feel like you have to sell at every small loss to protect the money. People who trade like that usually have a lot of small gains and losses and can't really make a lot of money.

hero member
Activity: 2072
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It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
hero member
Activity: 2310
Merit: 757
Bitcoin = Financial freedom

Every billionaire have used the debt.
Donald Trump including.
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.
hero member
Activity: 2912
Merit: 642
The volatility will be the risk factor.
What if you cannot pay the loan in time because of waiting for the value of BTC to grow again?
Being caught in a bad wave could punish you a lot. Stressing you on how you will pay and then you will loan more just to patch things up.
You don't want to be in that kind of situation.
I'd rather make my own money working with blood and sweat rather than having a debt with loan sharks.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
And what can Go wrong?

Its just money If I borrow from bank its created out of nothing so If I loose it then it was just bad business.  Nothing personal just business.

But the rewards will be so great!!
And banks now giving out nice money Smiley

Lol, what goes wrong for the economy as a whole is not much. What goes wrong for you personally for defaulting on a loan is much more severe. Bankruptcy, seizing of your other assets to pay the loan, etc. The rewards of borrowing money may be great (not will be great) but the damages for reckless behavior may also be great.
hero member
Activity: 2492
Merit: 548
Seabet.io | Crypto-Casino
The market is bullish, by this time borrowing and making an investment isn't the right choice. When we are sure of further growth we can take risk and invest, but if the market goes down same as that happened with the previous bull market then the user will be in heavy loss. To reap the profit user needs to take risk investing on the right asset and at the right time period.
legendary
Activity: 2520
Merit: 1721
Rollbit.com | Crypto Futures
I did the idea in 2017, by borrowing $ 1,400 from the bank. Then I use the money to buy Bitcoin, then what happened unexpectedly.
It turned out that the price of Bitcoin was dumped in 2018, so I was forced to cut losses. Which in the end I suffered a sizable loss,
because I used borrowed money to invest in Bitcoin. So from my experience it is very clear that using borrowed money to invest
in Bitcoin is a bad idea.
Your experience is a real example of how you make a loan to invest in bitcoin and suddenly bitcoin has a very deep price drop. You still have to return the money, including the interest charged by the bank. It's a very risky choice.

It is better not to use borrowed money to invest if you are not ready to return it and do not fully understand a good and correct investment strategy.

Use the money you have now, the money you save because it's better. You can invest any amount you want.
sr. member
Activity: 2324
Merit: 454
I don't think it’s a good idea to loan money just to invest in bitcoin. As you can see, bitcoin’s price is volatile. Its value might be booming right now, but eventually it’ll go back to its usual price. If ever you’ll buy now, you can’t sell it right away just to pay for your loan since it’s not guaranteed to increase that easily. In addition, if ever you’ll sell it that fast, you’ll just generate a very small profit in return. And you don’t want that. You will surely aim for more resulting to higher loan interest in the long run.

It’s not really that practical in my opinion. Better invest your own money intended really for investing than borrowing just to invest because there’s no 100% assurance that your money will double its price overnight. You’ll just lose money paying the interest as time goes by while waiting for bitcoin’s price to hit the desirable value.
sr. member
Activity: 1736
Merit: 306
although getting a loan with a very low% still it is very risky if you have to invest in bitcoin because big changes can happen quickly, it's better to use free funds
legendary
Activity: 3108
Merit: 1138
There is no signs that Bitcoin will slow down!

The risk/ratio reward telling that If the loans are cheap with low% its good to invest in risk assets like Gold btc and even property.

Even better If you can do day trading swing or intra day even you make just 1-3% daily.

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

There is no sign for now but you can't be sure that the market will always go up, the market is still volatile, there is still no guaranty that it will not go down, the saying that only invest what you can afford to lose still applies to the Cryptocurrency market, it's risky but it might become profitable if you know how to play the game.

It all matters on how you do accept the game if you dont know or not really that accepting the risk involved then this isnt really for you.
When it comes to taking loans then you should be obliged on to pay when the due date comes neither you had profited into your investment or not and
that what matter most on where you should be responsible on repaying to those money you had borrowed.In general sense, investing with loaned money
is really risky because you wouldnt know if you do gain up but sticking with bitcoin? This can give out somewhat some assurance specially in longer runs.
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