You forgot one thing, which person have a crystal ball to make sure Bitcoin will goes to $120K in the next year? What if the scenario Bitcoin dropped to $30K? Do you have any money to pay the loan while your investment still in lose?
Bitcoin = Risk
Altcoins = Risk2
Loan to buy Bitcoin and Altcoins = Risk3
Personally for me the risk are very high and it could lead me rekt, if you are so confident with your idea then I wouldn't stop you. Probably after that, you'll learn a good lesson from your big mistake/achievement.
Topic: Maybe good time to loan money to invest in crypto - page 8. (Read 710 times)
Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
Please don't.And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.
It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.
Just don't.
He knows it's risky that a thug will visit him asking for the money and interest when the agreed date comes. The more BTC chart becomes bullish it's also tempting to make money out of the loaned money.
If he is confident and someone will actually give a loan, why not. Just make sure you can work out to pay if it won't go your way. And also avoid altcoins because that's when it alas go wrong.
Asking for a loan is a dumb idea in itself though? I mean, if you aren't on the verge of death and can still try to earn money by yourself without trying to put yourself in a difficult situation, loaning honestly wouldn't (or shouldn't) be an option. Yes, investing could possibly net you a lot of money, but that's a "possibility", and investing in a possibility isn't really wrong, but trying to invest what you can't afford IS wrong. You know what they say, invest what you can lose. Even if hodlers say that new ath next year or Bitcoin only has positive growth, the problem is actually before that, and it's loaning itself. Gotta agree with diversifying though, nothing wrong with that.
Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
That's just gambling.
What if Bitcoin goes down 80% for a long time and it's time to pay your loan?
You should be able to invest in Bitcoin for the long term, if you have a loan payable at a specific date, you're just gambling that the price of Bitcoin will do something at a specific date in the future. No one knows that.
Also, you'll have to sell to pay back the loan. At what time do you sell?, you're trying to guess that as well. Also you'll have to consider the taxes you'll have to pay in that transaction.
Seems like a super risky move to me.
One of the first and most important principle that guides any investment is
'Invest only what you can afford to loose'.
Mind you, borrowing or loaning money, with or without profit rate is no way to go about investing. It doesn't agree with the stated principle above becuase in every way, the money isn't yours and as such, you've got to pay back. That sadly, isn't what you could afford to lose.
Diversifying might seem like a brilliant idea but in the world of crypto as we have it now, only bitcoin comes with some degree of certainty and even at that, the timing it would take to play into investors plan us very much uncertain.
Other investments in the crypto space might offer some chilling risk that won't even wave a signal before sweeping it all off. Don't ever be so quick yo think that you can borrow to invest, profit and pay back. Its a plan that could all end in your thoughts. Invest only what you can afford to loose of your money.
'Invest only what you can afford to loose'.
Mind you, borrowing or loaning money, with or without profit rate is no way to go about investing. It doesn't agree with the stated principle above becuase in every way, the money isn't yours and as such, you've got to pay back. That sadly, isn't what you could afford to lose.
Diversifying might seem like a brilliant idea but in the world of crypto as we have it now, only bitcoin comes with some degree of certainty and even at that, the timing it would take to play into investors plan us very much uncertain.
Other investments in the crypto space might offer some chilling risk that won't even wave a signal before sweeping it all off. Don't ever be so quick yo think that you can borrow to invest, profit and pay back. Its a plan that could all end in your thoughts. Invest only what you can afford to loose of your money.
Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
Please don't.And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.
It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.
Just don't.
Yes but right now i know atleast 3 guys who will going to take loans to buy btc.
I don't think it's a great idea to borrow money and invest in any crytocurrency project.There is so much risk associated with it you can either fail or make it so it's much better to use your own money for investment,also don't forget to risk any amount that you can afford loosing any time you are investing to avoid loosing much.
high risk of loan money for any investment if you don't work then you can't pay it ,if you work and get finances it's still possible but with a loan for investment I think it's bad because we don't know for sure what the future will be occur and is a bad thoughts like digging for gold in the depths of the sea !
Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
Please don't.And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.
It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.
Just don't.
One can never be sure what bitcoin price will do.
The main rule on bitcoin investments is to never invest money you don't afford to lose (or keep locked for very long time).
So no, in most cases borrowing money for investing into bitcoin is not advised. If one does that, may be tempted more easier to panic-sell at a loss.
The main rule on bitcoin investments is to never invest money you don't afford to lose (or keep locked for very long time).
So no, in most cases borrowing money for investing into bitcoin is not advised. If one does that, may be tempted more easier to panic-sell at a loss.
I will not advise anyone to borrow to invest in cryptocurrency, next year is still unpredictable and anything can happen and the market can go in whichever direction. What if you borrow to invest in cryptocurrency and the price crashed below your buy price and you end up losing you become indebted. Use only the funds you can afford to lose to buy crypto.
Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
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