Topic: Loans are cheap good time to use loans for Investment in btc - page 9. (Read 1543 times)
Debt if fine as long as you use it for your investment and if you are capable of paying that money even without selling your Bitcoin. This is risky of course so make sure also that you are willing to lose money and you know that Bitcoin can’t guarantee you profit. I still prefer to invest using my hard earned money even if its small, at least I don’t have debts to pay for even the interest is very low.
it's very risk also un-necessary take any loans and the invest in btc. market has strong volatility and a big dump it is always possible.
even with a stable market, without some fixed income, it could be a serious risk to take.
if it was so easy making money in this way everybody was already taking loans....
even with a stable market, without some fixed income, it could be a serious risk to take.
if it was so easy making money in this way everybody was already taking loans....
I don't think borrowing money in order to earn money is something a wise man would. Yeah sure people borrow money all the time to create their own businesses and other investments but on Bitcoin's side where you need to borrow money in order to earn in a volatile market I don't think a bank would even approve you a loan. That's why we have seen news that some banks already disallowed credit card purchases of Bitcoin because they label it as a risky way of using your credit. If you want to invest in crypto you should use money you can afford to lose.
Going for loans/borrowing money from others for the purpose of investing on bitcoin is always risky. Either you need to be lucky or else the amount invested should be your own money. The market changes will happen in large scale, but within a very short time period. If the fund is borrowed and experience negative fall then it'll be a big tragedy. Always alternate plans need to be kept ready.
End 2017, there was no sign either that the Bitcoin could go down, the price was growing for many weeks. Remember how it went 1 month later?
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
Once Again to know If its right or wrong need to calculate risk/ rewards*
Interest rates are at an all-time low, and governments are actually promoting loans right now that they are attractive. I would personally go against doing such, even if the risks are calculated and the prospects are good, not unless you have a safety net in the case of failure to profit. Always have a backup plan when doing crazy things, because even if bitcoin proved its viability as an investment, the risk to fail is always there still.
End 2017, there was no sign either that the Bitcoin could go down, the price was growing for many weeks. Remember how it went 1 month later?
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
Once Again to know If its right or wrong need to calculate risk/ rewards*
Its all most Impossible that happend like 2017 becouse we just had great reset even worse case scenario bull run will end year 2022.
Its perfect time to enter remember 2009 smart people knew how it works
The prosperity is not that you smarter then others you need to know the rules of the game enter when new game is starting and exit when its best time
Definitely bad idea.Making 1-3% a day as you mentioned only sounds good but doesn't mean it's gonna work out. We're now near ATH aswell which means higher risk of price falling.
At this hard time it's just better to not burden ourselves with all these unecessary loans, everything could go wrong without us knowing.
Crypto as many people have said is high risk investment and this "title" is there for reason, only invest what you can afford to lose.
At this hard time it's just better to not burden ourselves with all these unecessary loans, everything could go wrong without us knowing.
Crypto as many people have said is high risk investment and this "title" is there for reason, only invest what you can afford to lose.
I assoome we will have nice 5 years of money printing everybody have learned from the past that When money is cheap the smart people invest and we just had economic reset the restart.
2017 was failure becouse 2009 was the economic reset the new game smart people know good game last long 5 years even with 3 years you can walk out the game.
Those who failed they jumped in too late or was staying too long.
The 2009 was the new game new money so 2014 it would reach to peak so If you entered in to game in 2009 the smart time to walk out 2014.
Remember know when to start know when to walk out take your profit dont stay too long.
To stay safe walk out with some profit after 1-2 years. And cash out last profit after 4 years now the New game have started make as much profit you can and cash out before its not too late.
Bitcoin works with money so as long as banks giving out cheap money then its best to invest
So this what we should learn from 2017.
End 2017, there was no sign either that the Bitcoin could go down, the price was growing for many weeks. Remember how it went 1 month later?
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
Once Again to know If its right or wrong need to calculate risk/ rewards*
End 2017, there was no sign either that the Bitcoin could go down, the price was growing for many weeks. Remember how it went 1 month later?
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
Once Again to know If its right or wrong need to calculate risk/ rewards*
Definitely bad idea.Making 1-3% a day as you mentioned only sounds good but doesn't mean it's gonna work out. We're now near ATH aswell which means higher risk of price falling.
At this hard time it's just better to not burden ourselves with all these unecessary loans, everything could go wrong without us knowing.
Crypto as many people have said is high risk investment and this "title" is there for reason, only invest what you can afford to lose.
At this hard time it's just better to not burden ourselves with all these unecessary loans, everything could go wrong without us knowing.
Crypto as many people have said is high risk investment and this "title" is there for reason, only invest what you can afford to lose.
End 2017, there was no sign either that the Bitcoin could go down, the price was growing for many weeks. Remember how it went 1 month later?
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
No sign...
Don't think we are in a somehow "safe" situation because it will never be the case, whatever with BTC or another altcoin.
Now about to borrow money with a loan to gamble with on the Bitcoin's price, this is something crazy to me. What about if you have a mortgage tied to it, let's say your house for example. Then later since you decided to gamble with a loan, you lose your house, what do you do?. If you have children and a wife, Are you all going to live on the pavement, feeding off the rubbish bins?
Anyway, to take a concrete example of the absurdity of borrowing money to inject it into crypto, try to go to a bank, even if you have been a customer for a decade, and ask your banker for a $50k loan. He will of course ask you the reason, then tell him it's to buy crypto. Then look at your banker's face, and he will tell you that this is not a viable option because of the risks in the market.
he's going to laugh out loud once you're gone.
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.
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.
The money is cheap now you borrow money with Low or negative intrset rates thats how rich get richer to buy assets.
The risk and ratio calculation helps here but everybody have to do their own research.
But this is it If not now then never the money is cheap its good time to use money smart way.
You don't need to tell about Bitcoin to anyone to borrow money just borrow the cheap money!
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....
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....
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
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
Jump to: