Loans are cheap good time to use loans for Investment in btc - page 7.

tvplus006

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Quote from: cryptoboss2020 on December 14, 2020, 11:37:23 AM

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 if it now seems improbable that the price of bitcoin can be adjusted for several years, this option is still worth considering. Therefore, in any case, taking credit money to buy BTC will be very risky. The correct option would be to sell something unnecessary in order to invest the money in BTC.

smyslov

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Quote from: cryptoboss2020 on December 14, 2020, 11:37:23 AM

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

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.

cryptoboss2020

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Quote from: MCobian on December 18, 2020, 06:01:49 PM

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.

Its not Bad idea if you dont put all the money in bitcoin you borrow the money in case there is big market drop.

So you borrow the 10k
After each dip you buy with 2500$
Its called scaling.
But we had Economic opening usually times like this 3 months of bull run, well there rules how it all works nothing random so you smart take advanced of it

MCobian

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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.

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Do you think that will work for you if you do day trade? there's a bigger chance that you might even be liquidated. I would do take loans to have a property and have it rented to pay itself.
But won't loan for bitcoin. I'll choose to do it freely without having any obligations.

thesmallgod

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I don't understand what you mean by loan being cheap probably because of the low interest and lengthy period given to pay back loan but no matter how good it is, I will never encourage anyone to take loan in investment in bitcoin because it is totally wrong. You can't afford to put in something you can lose within few hours. Probably you were not here in the past when the crypto blood birth started. When people lose money, it causes a lot of depression and even death. Most investment firm that give loan sometime require collateral before you are given irrespective if the interest is low. If you can't pay back, you might lose your asset and also put your guarantor in danger of also having to payback the loan they didn't take

Casdinyard

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Not a good idea. You'd probably end up with huge debt from doing so. Investment has risks and making a loan will require you stability in order to pay for it. Profit is indeed good from investing to this technology but it won't give you certainty for sure. The market price of Bitcoin is volatile which should be enough to tell that this won't be a good idea because it would result to a gamble. If the market price will continue to increase, then that would be good. But things don't occur in this industry in such way. There is always a tendency for its market price to fall which could result into profit loss, obviously not a good thing if you will rely on the profit from such investment to cover up your loan. In my point of view, money to invest is also money you can afford losing. This mentality will save you from regrets and frustrations.

Twentyonepaylots

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Hi, here in this forum, we can never emphasize enough how important the peace of mind of being debt-free is. And if you are downplaying that, because you have ways to earn money anyway, then I have bad news for yiu. Investing is much like gambling, only it is more legal, and you're shown the ways and the cards all at once. And you wouldn't file a loan just to gamble right?

Quote from: iv4n on December 16, 2020, 11:39:28 AM

Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?

It is a good time to buy but it is never a good time to file a loan to buy. It is important that you make that clear distinction between the two. Bitcoin might become profitable this year but remember that loan you will bw filing for is gonna taks you a year or two to get paid off. So weigh your decisions out.

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Well it could be a good one since the money wouldn't be all gone even if we experience a correction or the price drops down.
But wouldn't it be better to only invest what we could afford?
I don't hate the idea since it is for something that could give people a brighter future but it could also be a waste for them if they would just lose the money when the market crash.

cryptoboss2020

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Quote from: iv4n on December 16, 2020, 03:54:47 PM

Quote from: cryptoboss2020 on December 16, 2020, 12:16:14 PM

Quote from: iv4n on December 16, 2020, 11:39:28 AM

Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?

Per my check 30k very soon
The exchangers are Short of btc
Huge demand and a lot Capital.

In some talk with people who are deep in trading I got a feeling they expect a drop, and not just a drop, they are talking about 12k, there is some resistance/support! They have some arguments, but it's like gambling, they are not sure in anything, they just believe in the best outcome for them!
This is a crazy time, this rise doesn't have some solid reasons, some people calling it natural as it has to come, and there will be no more drops. Others (like me) thinks that this is some top and that we will experience some drop! What will happen nobody knows, arguments here are not working, literally anything can happen!
After all I don't care too much, I chose crypto! With drop or rise I am in crypto! And time is closing up, people will have to choose in what they believe more!

yes it could happend but then will go back up again the thing is the buy pressure are too high exchnagers are all ready short of the bitcoins.
and more money going in USDT and keep pumping there is shortage of bitcoins and this is the main issue and belive me 20k disscount price for bitcoin.

but some shaking to shake off the weak hands can heppend yes but in fact we are in bull market.

iv4n

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Quote from: cryptoboss2020 on December 16, 2020, 12:16:14 PM

Quote from: iv4n on December 16, 2020, 11:39:28 AM

Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?

Per my check 30k very soon
The exchangers are Short of btc
Huge demand and a lot Capital.

In some talk with people who are deep in trading I got a feeling they expect a drop, and not just a drop, they are talking about 12k, there is some resistance/support! They have some arguments, but it's like gambling, they are not sure in anything, they just believe in the best outcome for them!
This is a crazy time, this rise doesn't have some solid reasons, some people calling it natural as it has to come, and there will be no more drops. Others (like me) thinks that this is some top and that we will experience some drop! What will happen nobody knows, arguments here are not working, literally anything can happen!
After all I don't care too much, I chose crypto! With drop or rise I am in crypto! And time is closing up, people will have to choose in what they believe more!

cryptoboss2020

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Quote from: iv4n on December 16, 2020, 11:39:28 AM

Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?

Per my check 30k very soon
The exchangers are Short of btc
Huge demand and a lot Capital.

iv4n

legendary

Activity: 3164

Merit: 1174

Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?

so98nn

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As everyone stated here, it's risky business to loan something and invest into more riskier market. I mean the logic ends here. What would you do if you don't get interest amount returned on time then you will have to pay that from your pockets first. Moreover, you do have loss into crypto investment, then you will have to worry about the principle amount of loan and it's repayment.

This is the problem here mate, you will need to overcome lot of amount before you can turn it into nice profits. It's better to invest something that's not needed by you. For example, its very ideal to invest portion of your salary, or another income which is not required by you or its extra for you after all your expenses.

sapnu

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It is too risky to loan just to invest it into cryptocurrency. Investing is not like doing business that you can gain your money too fast just by making effort and giving your time. Investing is not that easy to do, since the value of bitcoin is volatile, meaning the price is not that constant, it is changing time by time as there are some transactions happening, every transaction in the world has an effect on the current price. But maybe if you have a portfolio that will guide you to do trading, maybe that will help you to succeed. But still, you need to study and learn constantly because digital money is also innovating and every project are changing as time passes by.

ethereumhunter

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You should not risk taking a loan to be used for investing in bitcoin. The bitcoin price will always fluctuate, and you will not know when the price is up and down and how long the price can increase back after it's down. Even if you know or can predict the price moves, it does not mean you can use the money from loans to invest in bitcoin. But I suggest you learn about trading and use the money you can afford to lose, so you do not risk paying the money back.

cryptoboss2020

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Quote from: Noctis Connor on December 16, 2020, 07:17:01 AM

Quote from: cryptoboss2020 on December 14, 2020, 11:37:23 AM

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

it is not wise move to loan money just to invest it into cryptocurrencies most of people are luck in knowledge on how really cryptocurrencies work not because something good in their eye their going to follow them without any knowledge people should be realistic now and be a good investors not only thinking about on how they can easily gain profit but to think about their future, how if suddenly all crypto go down? and people will be in grave debt for sure. Trading can be a beneficial when you knew what you are doing because we always learn from our mistake.

Stay poor Please

Noctis Connor

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Quote from: cryptoboss2020 on December 14, 2020, 11:37:23 AM

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

it is not wise move to loan money just to invest it into cryptocurrencies most of people are luck in knowledge on how really cryptocurrencies work not because something good in their eye their going to follow them without any knowledge people should be realistic now and be a good investors not only thinking about on how they can easily gain profit but to think about their future, how if suddenly all crypto go down? and people will be in grave debt for sure. Trading can be a beneficial when you knew what you are doing because we always learn from our mistake.

el kaka22

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I guess some people mistake investment and business. Normally if you have a business and you want to get it bigger you can get a loan, obviously it is still quite risky, you are taking out a loan and if your business is not doing well you are going to screw up big time and crash.

I know someone who had 1 million dollar loan from bank to renovate the business just before the pandemic, he says it was both good and bad, it was good because nobody else was making money neither so they didn't lose customers for down time, he was scared about that at most, but it is obviously bad because the small part that works that he intended to keep the costs low became useless, so he lost more than he assumed but he started to make everything back and then some after it was over.

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Although we hope that Bitcoin and other cryptocurrencies will actively grow in price in the coming year, I would not advise taking loans and credits to buy cryptocurrencies. Loans are usually issued against the security of movable and immovable property, they must be repaid regularly. However, cryptocurrencies cannot always provide regular predictable profits. There is also a significant risk of losing your investment. Even on this forum, some wrote that they had big losses from the invested credit money in the cryptocurrency.

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