Bitcoin Forum

would you open a loan to buy the dip? and when it dips again you would open up another loan to buy the dip. and lets say repeat the process. probably no one is doing this. because being in debt is a bad thing. just depends on far u would invest into bitcoin or even crypto currency. sad it has to dip in the first place.

NO, what the hell.
Close your eyes, and imagine you're the guy who took loans to buy the $16,000 dip.
Imagine how you feel on each stage - $15,000. $14,000... and so on.
Imagine how your family looks at you.

That's too risky. Instead of doing that, I'd rather join signature campaign to collect satoshis. I can do it on my free time too, so it's not really that hard.

Don't bother to risk your life by chasing the dip, only use money you can afford to lose if you want to speculate in Bitcoin/crypto.

I will never do that! That would be a very absurd strategy, I'd rather buy the dip with the little I can afford or gladly miss out If I don't have the financial capability to do so. I'll never make such make a drastic decision which could have me in compromising situation because no can one tell how deep a dip can get or how soon the price will recover.

To all the people who are saying that this idea is insane:  this is exactly what people and institutions do when they buy on margin, AKA use leverage.  It's the same thing--you pay interest on someone else's money that you're using to speculate.  I totally agree that for the average person, he/she should not borrow money to play around in the crypto market, and that advice is coming from someone who does not have a single credit card. 

If you don't have the cash on hand to invest or you can't afford to lose it (I fucking hate repeating that advice), don't do it.  Everyone in the gambling section will tell you the same thing, and trying to buy bitcoin on what you think is a dip is gambling.

indeed, borrowing money is a bad thing but how do you want to do it.
investing is not something like that if you do it with borrowed money, how do you eat and replace the loan?
you better work and the results invest. ;)

 If you ask me, getting a loan to buy the dip is risky, this is because we all know that crypto is very unstable, you do not know how did the dip will get to.

i have personally witness some professional technical analyst failing in this sphere . so you wont say you understand the market enough to go get a loan .

Now if you do that and the dip keeps getting deeper, how do you intend to pay the interest of the loan ?  you will end up putting yourself in trouble.

Margin is a bit different though. You're not taking a loan in order to repay the full loan per-se, you're only repaying the difference in price, and 2nd, you're FORCED to repay the full difference once your funds get burned.

Taking a loan on the other hand, you're stuck with the exact amount in fiat that you need to repay. And there's no automatic liquidation, so in case there's a big red dildo up your bottom, it's going to go all the way down before you even realise what's happening (unless you're smart enough to put a stop-loss.. is it smart even?).

I can't say I haven't been burnt off funds myself because of severe fluctuations, but hey, at least I'm not in crippling debt for the rest of my life.

I am trying to figure out any reasonable reasons as to why such investment decision can be made but none whatsoever is coming to justify such decision because it clearly negate every investment principle known to man and it goes beyond someone having high appetite for risk but sheer stupidity heading towards addiction about someone who really need help concerning his choice of actions.

The statistics and the moral parameters just to justify this line of action.

Its too risky to have some loan to buy the dip because we don’t know how much is the dip. You should not invest if you don’t have fund better to save money first and wait for the market to dump. This kind of situation is very dangerous, don’t risk yourself and your famliy because you may have a hard time paying that debts becuase you lose in this market.

It doesn't look like anyone would say YES, especially he way you phrased your questions  ;D

Anyway, we've already heard of stories or people getting loans just to jump in the bitcoin craze in 2017 that did not end up well. I believe many have already leaned from that.

I would not agree that an investor should risk having some loan to buy cryptocurrency right now, there are many points and reasons that it is not right to open up a loan and risk loosing when we are still in the bitcoin market cycle that nobody knows the dip. Always remember that it is better to invest on cryptocurrency that we are ready to loose. Researching is the best advise right now and accumulating knowledge on the fundamentals of cryptocurrency and invest without risking your precious properties and belongings!

No way, I would rather invest small amount of money than asking for a loan just because Bitcoin can give you huge returns or profit. I have never done this because it is way more risky not only in Bitcoin but in all types of investment, unless you know that there will be an upcoming bullish run which is very impossible. Sadly there are people that still wants to do it, like using their credit cards or borrowing money from other people or making a loan just to buy cryptocurrencies. Those people should realize that investing is not 100% profit all the time especially in this market that is highly volatile and unpredictable. For me, as much as I want to put more money in cryptocurrencies, I still don't want to risk money that I don't own and not comfortable to lose.

It would ve worth considering but there would be a few points to make clear.

You would have to realise that bitcoin may not move above $6000 in the next
2 years, anything is possible with crypto.

So you would have to be prepared to pay back the loan and wait for bitcoin to
show you the gain you thought it would produce.

It also depends how much you are willing to borrow, over what term and if you
are in a position to pay it back if bitcoin doesnt do what you want it to, and
Are you in a position to loose your investment?

No. It doesn't make sense because of the risk involved, the risk to reward ratio is too high.. You may never know when the price moves, so in case the price dip what will happen to you? I will not entertain that idea no matter what. As what we always preach here, "invest what you can afford to lose". And besides, it's not investing but pure gambling on your end if you take out loans. So just save cash like weekly and monthly and then invest when you're ready, this is much better alternative, IMHO

No. Under no circumstances would I take such a highly leveraged and risky approach. People often get caught up in the idea that things are a sure thing, they are not. Generating wealth is not a race. If you treat it as such you will ultimately never end up finishing that race.

In this era of unpredictable nature of bitcoin it will be a catastrophic loss if you tried such a loan move while the price continue to move dip, you wouldn't know when the dip will stop, trade wise its not a good money management and the end result into heavy loss and bankruptcy.

Right and good decision you make, and for me I buy bitcoin only afford my money and I never make a drastic decision that make me regret cause we don't know how long it make recover in the market.
 

This is risky if youre a hodler and bought coins at dip and bear market has no possibilities to end soon I will only open a loan if Im a day skilled trader you can earn and pay your loan in just a short period of time if you got some very profitable trades in this bear market.  

Do not invest more than you can lose, if you do not own that money there is no need to borrow it and then speculate at the price.
If you know what you are doing and you have a good intuition to see what is bottom and when the price rises, it will be a risk, but now it does not call it a "gambler."

The likelihood that the price will rise again in a short time seems slim.

i wont invest that i cant afford to lose , taking loan mean i get money i never have , so if i lose it i cant payback for it again ,

i think if you are an expert then ofcourse you can take a loan but for newbie who have no knowledge about crypto and its volatility then i will say no!!
i personally very interested to take a loan to buy more crypto.

With this loan, trading in this market is really no difference from committing suicide. unfortunately, I've been in this work once and I'm still waiting for it to rise. I hope it will be recovered as soon as possible.

No this is not something I would ever do.
Just imagine a worst case taking place and the dip dips even lower.
Then what, take out another loan and repeat?

No, I will never do such thing.
Any market and trading is huge risk.
We should invest only money we can afford to loose.
I made such mistake once, when I opened a loan in order to buy shares from well known, stable company in the stock market, leader in the market.
On the end I lost money and I will never do again something like this.

No man don't ever do that, because by doing that you are simply breaking the most important rule in Crypto and in general in any investment which is, don't ever invest more than what you can effort to lose. What if the loan became due and the coin you bought is a loss, what would you do? You will be forced to sell in a loss and still pay the loan interest or simply make another loan to cover the previous one and add more % which will make making a profit even harder, the whole thing is a big No and I wouldn't recommend it even to my enemies.

I never do that idea open loan to buy bitcoin during the dip, i am a bitcoin believer but I invest in bitcoin if i have extra money to buy as investment especially during the dip, My reason is I can't sacrifice the needs of my family.

We should avoid this, just imagine the risk of this market and even bitcoin is a big coin, don’t ever be too confident about that. If you invest on a coin that dumps so hard, you will be more broke because of that loan, stay away from that greed.

I personally feel its a tricky option, because market looks volatile and like everyone knows market is unpredictable these days. Similarly on the other hand if you take loan you need to repay it in monthly basis which is very complicated, Looks like risky from one end and from other its like making use of opportunity.  ;) ;) ;) ;)

Well, it depends on my analysis, I wouldn't say immediately that I won't do that just because its insane. Remember that there are people who used to be in debt but can say that they are rich. Therefore, its not good to give conclusions without doing any intensive research. It always lead to regret of deciding impusively.

Nope. I will not open a loan just to make sure that I bought the dip. This is a risky move. Lets say that yeah you bought the dip but what if it goes down further more. It will be a double problem for you as you loaned Bitcoin and now you're at a loss because the value of it goes down and as long as you can't pay it within the said time frame, the loan will giving you more and more problems.

then, from never opening the door of the loan just to join in the crypto world, because this is where there is a huge risk that many people have lost big money and even then the money used in crypto gets it by borrowing and now that person still not able to return the money

Yes. Now that it seem like we already hit the bottom. Only if there is someone who would let me have a loan from him. I'd probably load about 5BTC as investment. The only I can offer though is to promise to pay after a year or two, this of course may not be fair to him but that is just what I can offer. I would work for it to pay for him but it would take a long time.

No, never. I don't have to try it, I just want to learn from other's experience.

Stop taking loans for buying the dip, use your own money or sell some stuffs that you don't need anymore for funding the dip.

Yes, we are bitcoin/crypto enthusiasts but you should create your own strategy and math wisely.

No, I won't do that it is not a good idea, it can lead us more into bad situation in the near future.
There are so many ways or resources here for us to gain bitcoin. We can use altcoins for us to have bitcoin in the future, just like if we join in any bounty
campaign, depending on your skill were you can join in any of of the bounty social campaign, translation, Vlogg, Content creator and signature campaign.
But if you have money even it is a small amount you can still buy bitcoin then hold in a long term.

My opinion about people making loans that are used to buy or investing in crypto assets is that people have very crazy thoughts because the risk of loans is very high.

Never, I won't open a loan just to buy bitcoin or altcoin or anything. It's too risky for me, and I don't know how to pay back the money because I don't have a fixed job which can give me a fixed income in monthly. I only use the money I have, but of course, I don't use all the money I have because I still need that money to buy my daily needs.

No!!! Many people get a loan and they get margin calls and the bitcoin price tank very hard when a lot of people get margin calls.

It's a bad way to invest,how if it's not a dip but it's a burst,then you won't be able to pay back the money, don't become greedy and ruin your life, never invest your money that you don't have, especially in crypto where the market is unpredictable and got a high risk

It is the way to risk their money as well as their future.  Having in debts isn't bad if we expect returns but if not,  you better not doing.
For the situation we have now,  it is better not to commit loans cause we don't owe the market and those things might only bring you into debts whole life.

I have written in many of my earlier posts "First rule of any financial market is , only invest the amount which you can afford to lose". Do you really think it is wise to take loan to buy the dip, if someday it goes 10 folds down to that what would happen? Your equity will be near to nill and you would have other stress to repay the loan. I would definitely not like to be in such situation ever. I would like to invest only the amount which I do not need badly.

Never make loans to invest, especially in high-risk investments such as cryptocurrencies. You will surely sleep better at night and live with less stress  :)

I believe in blockchain technology and have a sound idea of trading thus, I would stretch a bit and get a loan. But, if you are a newbie then please "INVEST ONLY THAT YOU CAN AFFORD LOSSING". I say this because the market is highly volatile and there are fair chances of a price drop. During bear market, one must have a diversified portfolio and good trading skills to sustain.

Rest is up to the investor.

Hell no! It's too risky and stupid in my opinion. I heard some stories that people opened loans at $18k-16k when Bitcoin already started to go down. Put yourself into position of these people. Now they lost much - they were forced to sell their cars, houses and other valuable property to return loan. For me it looks similar like to take loan for gambling. There is one golden rule - don't invest more than you afford to lose. Better invest less, but wisely.
And in general, I'm very sceptical about loans. Now people open loans very easy for even small purchases without thinking much about it. While I rather have less, but my own money rather than return money that I lent from bank with interest.

I'm not that much confident right now to take loan so i can buy btc. If anyone will do that it is not bit of risk but a bunch of risk for sure.

Good thinking man, never invest too much that you can't afford to lose. Always double think before playing any risk shot.

In cryptocurrency,no one can state clearly the dip.So,the dip one sees today could go down more than another 50% dip or more.On the other hand,if you watch from last year till now ,crypto market keeps on loosing huge amount of money of which each and every crypto trader witnessed that on crypto market cap.
As a result, I will not open any form of loan just to buy the dip.In business, one takes a risk,but that should be calculated risk not just involving myself in a situation that might him me tomorrow. In other words,I was taught that risk management system is highly crucial in trading.

You can't invest in cryptocurrency market with someone else money or credit. Although the market offers high profit, there is a high risk that must be taken into account. If you have money that you don't need in short term you may consider to invest. Because you are able to wait, if it necessary.

I would consider it for comedy value, but only if I could easily cover it without ever getting a penny back from crypto 'profits'.

Of course if I could afford to do that I would not really need a loan. It is revealing though that we hardly ever hear about people taking out loans near the bottom but plenty at the top.

This will be a dangerous move; opening a loan to buy this dip. Have you consider many ifs attached to this move? Like what if you buy the dip and the market goes dipper? What if the market didn't smell recovery until 2021? How will you pay back your loan? The risk is too high. Hell no, I won't take a loan to buy the dip.

You should think positive mate and don’t be so negative as there is 100 percent chances to earn in crypto but if you will use your mind properly trust me all 100 percent will be multiplied with 10 so you can pay your loan as well as you will get lots of profit.  So I think if a person gets this opportunity never lose just get loan and invest.

I have never used loan for bitcoin, it's ridiculous if you make loan only for bitcoin. I'm afraid this will be troublesome and disrupt your life if bitcoin continues to decline. You will cry because it .. >:(

No dude, it is not a good way to invest with borrowed funds. It bring unnecessary stress and might just get you into trouble if the dip continues. Just invest with your spare cash.

You should never, ever take a loan to make speculative investments. There's too much risk involved. There's no guarantee that price will recover or that you'll be able to repay the loans with proceeds from selling BTC.

The proper use for loans is to back business ventures (where it's reasonable to expect a return) or in cases of temporary income shortfalls where you have expected income that can repay the loans.

Buying the dip can easily turn into catching falling knives

If you have plenty of dough and a stable income not related to crypto, then averaging down (and its variety called dollar-cost averaging) should be a preferred way of buying a falling asset. If your income comes from trading, and more specifically, cryptotrading, then trying to buy the dip may have disastrous consequences for you and your balance. In these circumstance, you should have long been shorting and covering your shorts at each dip as required, not entering long positions (until the tide turns)

haha investing into bitcoin with a loan is not the best of idea at all because the risk involved is very huge and unless you have some guts most people would not do this. One common thing that most crypto enthusiasts always say is that invest into crypto an amount of money that you can afford to lose and a loan is not that money that you can afford to lose.

It's rather that amount of money that you have to afford probably with an interest when its duration is due. lol ;D

Theres another way to make a money that you dont dont need to loan then buy in crypto because its dip. Uts so risky to have a loan because you dont know what will happen to your money when you buy in dip. The market is so volatile so dont take a risk and dont loan that will you will regret after.

No, I would never take a loan to invest in crypto. It's too risky. I just save some money from my salary for investment. So much calmer for me and not so risky. And I think it's the right thing to do.

I certainly believe in crypto, but I would still not take a loan for investment. It's too risky. If you do not have money to start then you can try other ways to earn crypto. Or first save up some money, do not rush. It is better to invest later, but your money that will not afraid to lose. Otherwise, you will feel terrible if you can not then pay the loan.

Doing all of this will not gonna help you to solve your problem but instead you risk everything just for the investment but without a backup plan. This is a total stupidity if you ask me but i won't risk bigger than this but instead keeping the pace that you can still keep up even if everything seems to vague. You might find yourself in the end holding the cold bars inside the small room.

To buy Bitcoin borrow bank money, I don't think it needs to be done because Bitcoin is an unstable cryptocurrency, so if we buy at a price of 100 million an hour later it could be that the BItcoin price drops to 50 million, unless you are sure and sure you buy Bitcoin at the lowest price, so if the Bitocin price will go up then you can sell it.

It's ok as long as you know when will the dip ends and if you are buying the last dip before the bull run, but if the coins you intend to buy are getting low then it's not worth to take up a loan to buy the dip, you can lose a lot here.

For the safe, you'll never take the loan at all and so you won't face another problem in the coming days.  Not bad to have a loan for the good purpose but isn't sure for crypto to give back your money and pay for the interest. You better generate money that couldn't give you more hastle when to pay neither and  you can't get trouble in your mind.

If you ever do this,  you will have yourself to blame for a very long time. Don't be greedy or so, use the little you have and purchase the amount that you can.  This is the very mistake a lot of investors did when the price of Bitcoin was skyrocking to $20k. Use the money you are willing to forgo to invest and forget that you do so!

Of course, I would never take such a risk because I know that most likely I will lose a lot of money

if I had a similar opportunity, I did it without hesitation as much as I could to make good money on it

because this is a very risky idea, do you understand? I would have thought a thousand times before doing it

I would. But I dont like the feeling when I have some loans with other people or the banks.

I may risk it all for bitcoin if I do not have the numbers. I think it is a wise decision by now and the percentage for it rise is really high.
The amount that I have is enough for me. Dont want it to be too much or I might get stressed looking back and forth at the value of it and every time it fluctuates.

You have already mention the worst scenario if you will use loans as investments as this is really a big gamble at your end. Capital loan is good if the Bitcoin market situation is like the year of 2017 performance but with this bearish market which is still in effect then i suggest to do not use credit but just invest what you can afford to lose.

do you sure that is a deep? we can know exactly. so i think open a loan is a bad i dead

I will get a loan if bitcoin hits 2000$ per one ,yes that is a once in a life time offer and that can change my life for good because I don't think bitcoin price will ever hit so low like 2k but of that happens I will do all I can

The main rule in cryto is to never invest more than you can afford to lose. If you open loan, this doesn't sound like you can afford to lose that money. So, the answer is definitely no.

NO NO NO!!!

DO NOT fund any Crypto currency investment with debt, because that has been the downfall of many investors in the past. The credit card investors in 2018 have lost more than the drop in the value of the coins that they bought, because they have to pay back the interest on that credit on top of the losses, due to the drop in the price.  :(

Never invest with debt and never invest more than what you are willing too lose.  :P

for me yes, i open a loan to buy the dip. it's because im willing continue to invest the bicoin.

I think very few people want to take a loan to buy the dip, we have no way of knowing where the bottom are, and we have no gauntness that Bitcoin will go back to where it was, or just where it is now, in the future, however the long term potential of Bitcoins  are good and I still believe in new all time highs.

There so many stories about people who took a loan to buy Bitcoins in late 2017, those people have lost more than 80% and then comes the interest of the loan. And if they were also trading Altcoins in the start of 2018 there lost cut easy be about 90% before loan interest now.

It's not enough that you are willing to invest in bitcoin just to take loans. Debts will not help you along your way, let's say you are successful investing but the result will come after an unexpected time. It might take few more years and the question is, how long you are willing to pay for that debt? to get out of rat race, you should be financially free and no debts at all. If you are willing to invest to bitcoin, you need to sacrifice few things that you are spending with your money. Those money that you spend for leisure time would be a good sacrifice.

Absolutely not, taking out a loan for investment purposes might make a lot of sense. However, the volatility associated with cryptocurrencies doesnt help at all as there's no way to even know the bottom (My heart goes out to those who bought the dip at $16  :'(). Being financially free will definitely involve some sort of calculated gambling but I'm of the opinion that taking out loans to invest in cryptocurrencies is too much of a gamble. M] belief in crypto is unwavering, but there's no way I'm taking a loan to buy the dip.

Most people here are saying no, but looking at the charts it is unlikely to be this low for the next few years. If you can get a long term low interest loan then go for it. Opportunities like this are rare

Maybe if I knew how to trade efficiently. Most people don't know how to trade, they just buy bitcoin and let it sit there until it spikes up and they sell at a price they are happy with.
If I was trading right now, I still wouldn't take out a loan considering how bear the market is, I would probably default on it. Other traders know how to make money even when the market is bear, so I think they would take that loan.

Just like @cryptjh said, there is no way to see where the bottom or top is for bitcoin ( for most people ), so they wouldn't take a loan.

that is a very silly question because the (literary) first rule of investment which anybody around the world knows is that you should never invest money that you can not afford to lose and obviously a "loan" is money that you don't even own let alone be able to afford losing it!
so the answer is obviously no. of course there are people who are doing it but at the same time there are people who are gambling their money in Atlantic City every day in the millions. that doesn't make it right.

It is a bad thing to do since you cannot be guaranteed that with there will be a rise in the value after you buy during the dip and there is no guarantee that the dip you are seeing is the real bottom. What if values goes down even more? Remember that loans have interest and while it does you are for sure losing to it if the increase in value would be too little or if the value becomes stable for a longer time. The best thing you should do I guess is to use your money and put up a real business where you would use the digital coins as payment system. At least you can be guaranteed of returns.

Basically it depends on what loan are you going to take, because you know that there are a lot of loans that was made for different situations. Like secured loan, conventional loans, etc.

I wouldn’t dare do that though, unless I’m loaning it in BTC, just like what I asked from zazarb. I will pay in btc also, that’s just the currency I like to participate in.

Though it is advised not to trade what you cant afford to lose but every of the trade is still a risk. loan can still be within a margin of risk u can afford. I wont advise to keep getting loan to buy as it gets dipper, Split the fund into the possible dip u can imagine and be ready to wait as long as possible and if you didnt get to buy you return the money. Place your order till $1500 though I found it to highly impossible now. more of the order should be within $2500 -$3500, these are margin of possibilities for the dip IMO.

It depends, if you can afford to pay the loan even if the market dumps then I think you can have some loan but if you will just risk everything just to buy the dip I think its too risky. The market will dump more in the future, meaning you have more chance to own any coins you want at a cheaper price so think again whether you really need to have some loan or not.

I would personally feel ashamed to even ask that question.
I know this horse has been beaten to death already, but I can help but reiterate that it's an amazingly bad idea.

Firstly, you would have to go with a personal loan, which has some of the highest interest rates.
While you're waiting for Bitcoin to rise, you're already making payments for that loan.

Do you really think that you could just wait a couple of months for the price to rise?
For all you know, you could be waiting for a year... 

Whats you're asking depends on a lot of things so you would receive different answer from each individuals. I would not do it personally but I can understand why some people might be attracted to this idea but there are too many variables that you have to consider before coming to a conclusion on whether you should take a loan or not. If you're broke and can't pay the loan back if things go south then it's probably not a good idea to take a loan for what some may consider a risky investment.

No and never! I will only use my own money to invest in crypto currency and it will not exceed my limits. I only use money that will not give me a big bad impact if my plan does not go as expected. So, taking a loan is something I will not do. I don't want to get into big trouble in the future.

Personally I will not open a lone to invest in cryptocurrency regardless if the price are booming or dropping or in any future aiming project the risk alone in investing is huge so if I can invest with my own capital the I won't go through the stress of getting a loan

No matter how much bitcoin is dumped , one should never take loan to enter in this market. For example you took loan and though you bough the bitcoin at the lowest price of 3500$. In a week or two weeks time, bitcoin fell to 2700$, then what will you do ? How will you repay the loan ?
Always be careful, with bitcoin and altcoins investments because things can go extremely wrong anytime without any reason.

I would not do that. Its hard to open a loan and invest it in cryptocurrency. Because of high interest of loans and high risk in cryptocurrency. There is no gaurantee that if you buy in this dip you can get huge payout in the end.

Not even worth it imo

Don't do it, when you are in huge debt then living becomes hell so just invest with what you have and don't get too greed or  it will swallow you

No you should trade and invest money only which you own.The only way with which loan can make you rich is to take a loan,trade daily or invest in some hyip which have long life or which is opened by your neighbour and hope for the best ;D Then you dont need to give back loan to your bank,you can sell your house ,sell your car then you can rent a car or you can give money to your son/daughter/grandma/grandpa and sell your house to your son,sell your car to your son and still use it like it is yours if you make deal with that person,rent a house and use things which you rent only and you will not need to give back your loan,laws will protect you  ;D ;D :o :o :P :P :-*

Bad strategy NO one will recommend as it is time and again suggested that invest the spare money for buying on dip so that you can earn handsome profit , refrain from buying with loan and not to put your and family future at stake .

no one should take any loan to invest in anything, if anybody does that, that becomes Gambling, not investing.

I would never suggest for one to borrow money to do Cryptocurrency.
That's not saying that it is a totally bad idea because I know that even business people do borrow to do business so it's not bad.
But the issue here is the volatility nature of Cryptocurrency. The high volatility can make one gain massively from an investment or loose massively too.
So it's better done with ones money .

Although the price is on the dip, it is dangerous to open a loan just to buy the coin, and we are risk what we have. It is not wise to do that thing. It's better that we use the money we have. Besides that, don't use all of the money because you need that money to buy something. Don't get tempting because of the price is in the dip and always remember that you don't have to push yourself to take action because you don't want to be late to get rich like other people. There is always a time for you to get rich and be patient for that.

Depends how confident you are. But bearing in mind that if it goes wrong and the price stays low before you have to pay back the loan then you would default the loan. Consider that as it's a dealbreaker.

i dont know, there are many people in this forum and this world said that the price of bitcoin is good right now, we can buy some bitcoin if we want ebcause they think that in the future the price of bitcoin will increase more than right now,

Yes I don't think this is not the right time to buy yeah currency using a loan amount because the situation is being like that when we interested also if we had money then we can do but being an loan amount will not be able to choose correctly in this situation.

Thats the most desperate thing a cryptonians can do.having a loan just to risk for a market  that can assure you no time of profit?i will definitely not do this for assuming,never forget that the volatility of cryptocurrency is indeed,and we can never tell untill things happen either to grow or to dip so stop this thinking and just buy what you can afford to lose

No freaking way. That would be a complete suicide brother. It could work 4-5 years ago but not today. I'm sure you are aware that a lot of people has also done that when btc spiked up to $20k and looked what they are complaining about. Better to save some money and then use that money to buy a small fraction of btc.

I better buy sauce according to my financial capacity and be more careful and walk slowly safely and enjoy it every day, than I am in a hurry and do not know when the worst things happen is like feeling angry and hard to enjoy the day and sleep well

if you are trully a crypto addict you will do silly things such as making a loan and then buy btc whether its in a dip or not . its not bad because you can expect a return and its much better than risking the money in gambling  .  i know some people will make loan or sell important stuff just to play a gambling  . i guess thats more inapropriate that investing in crypto right ?  but overall loaning isnt bad as long  as you can repay it on the exact date of agreement  .

I don't think it is justified to call that "not bad"

At most, you could have said that it is not as bad as taking a loan and then gambling that money away. Just because you can earn something and your chances appear to be higher than if you decided to gamble instead, it doesn't make it good (as the opposite of bad). It is just a bad idea on its own "merits" without further reservations and explanations. If you ever consider doing something like that, you should seriously reconsider your trading, and more generally, life decisions. Taking a loan is a poor man's approach to solving life circumstances, a last-ditch effort of sorts

Never. The money used for buying the dip in my opinion should come from your redundant savings but not out of your ability. I don't think it's a good idea that buy the dip by opening a loan.

I agree with you, I invest only the amount afford to lose, and I never get loan to invest cause I am not sure if I gain or not. I am practical person I only afford that fit on my cash.

No, I would definitely not go for it. In the same way, I wouldn't have mortgaged real estate or any other property in order to buy cryptocurrency. Credit can be taken, for example, to open your business. After some time you will be on your feet and will be able to pay it. With cryptocurrency, we never know how long it will recover.

not. because in my opinion it is even more risky if you take a loan to invest or buy. because if we fail or lose it will be a big burden for us because it will not be easy to repay the loan. so it's better to find capital first than to open loans

I will never decision if I have no good ability Lots of money. Actually I have as much money,then I will use anything with my Like that.So now I can say don't take loan your investment, trading anyone. Because this is Cryptocurrency market so when we getting profit and when we getting lossing our money.it understand is very difficult.so you can invest,trade but as you have hand capital.but no need another loan ways,then it will give you big pain and problems your family.

Take a loan? Are you sane?.. It's crazy that even in a head cannot run. No matter how deep was not a failure, it can be even deeper and you just lose all the money borrowed and have to give it.
Spoke and once again I repeat in this market it is necessary to invest only that sum which you are not afraid to lose and not your last savings!

I think that taking a loan to invest in cryptocurrency is not a good idea. Due to frequent changes in the price of crypto, especially its decline recently, you may have problems. You will need to pay bills but you will not have resources to pay.

I think I would never go for it. I would not take a loan to invest even in such a reliable currency as bitcoin. This is very risky, because we don't know when it will be able to rise again, and the loan will not wait long for payment. So it's better that I will save money from my salary, it's safer.

It is hard to get loan to buy dip in crypto because you do not know when it going to profit. Maybe your savings worth on it rather being debt and work to receive payment where you can be used for buying on dip which is safer than you imagine what could happen when you are thinking about how to pay your loan. I won't take that, I will find another way if I want to invest on dip.

Right.I think no one here would suggest to make a loan just to buy in the dips.This is really a good time to invest but make sure we will only invest on the amount we can afford to lose.And that making loans is not a guarantee that we can make good profits in a short term.So i suggest to use your extra money to invest in such a risky one like bitcoin.

Yes, This day in crypto are bad and the best thing to do is buying in the dip and hodl it for couple of months until bitcoin start on bullish run and open a loan is a pretty good offer to those willing to loan to it.

Nobody knows when the bottom of the dip is. So how to open a loan if the price might continue to decrease and find yourself in the position of nit being able to pay back your loan?

You need to invest in crypto ONLY the money you can afford to risk and lose, nothing more.

One of the best financial advise one can get in any market cryptocurrency or otherwise is to stay away from debt because debt sounds like death. Believe me...many people are right now experiencing financial hardships all because they think that debt can be played with. Debt can be the big trap that can make anyone inutile and financially paralyzed. Play with your own money and if you don't have the money to play with then stop and find ways to produce the money first. Cryptocurrency should be viewed as an investment and if you have no money to invest in the first place then go back to the drawing board.

way too risky. I wouldn't do that, specifically due to the inability to accurately predict the length and the depth of the price changes.

To be honest, I am not a great fan of speculation especially by requesting loans for such purpose. I believe that cryptocurrency is here to stay and we might see exponential growth in the coming years but that doesn't mean I should invest my entire capital without having a backup plan and risk management strategies. However, I believe that investing in the dip reduces the average acquisition cost and it increases the probability of profit even in the case of slight improvement in the market.

If I have ever bought on credit cards or loans the price always goes down :( I think if you need credit to get crypto you are doubling the risks.

It's really not the best idea to make money. Bitcoin is subject to strong fluctuations that are completely unpredictable. Therefore, you are likely to drive yourself into large debts and will not be able to earn anything.

It's too risky. You can collect a lot of debts and not be able to return them, because earning with bitcoin will never be stable and permanent. Therefore, I advise you to just save your own money and invest only them.

I would but it really depends on the loan conditions and so on.

hopefully there's a lot of different options for crypto loans, like Nexo, MakerDao but you still have to be careful that your cryptos are not going down further.

do some test and start with very little amounts!

It's not a good idea at all period. They always say that when you trade, you only use funds that you can afford to lose. Money from a loan isn't something you can afford to lose. You'd just dig yourself a deep hole that you may find hard to get out of in the long run.

I won't go to extreme extends but to open a affordable loan of course I might go because if we can buy these days and if bitcoin recovers in the near future the profit margin will be much higher and many experienced investors know that and that is why some buy risking everything they have to collect more bitcoin as much as they can with confidence because in the past we have seen how bitcoin has recover many times after dropping in price and specially in this time when everything is working in bitcoins favor definitely there will be a positive trend in the near future

I will sell my car to buy it in the first drop. Next, I will sell my precious items if it continues to fall and I will eventually sell my house for it. I eventually became a homeless person with the Nano S ledger device  ;D ;D ;D ;D ;D ;D

Never! I stopped being greedy, now I am happy what I have in crypto! Taking a loan to buy cryptocurrency from the dip, this idea is not good anymore! Though this time you have a big opportunity to regain your money with profits but still I am not supporting this method to be a crypto holder. Think twice before taking any decision at this moment.

I am ready to invest in any circumstances, but taking credit is crazy!Whatever the price of the coin is small or large in any case do not take loans.

Yes I agree on that I think opening a lain to invest in crypto is not advisable. We all know that crypto is unstable and if we open a loan we can maybe suffer by paying the interest if ever the crypto coin price fall, opening a loan is not really a wise idea, of we invest in crypto we need to be more brave and make a great decision or strategy to avoid lossing.

It is best to invest the amount you can afford to loose. Crypto investment is not for those who are greedy, but it belongs to people who understand and know the ideas and purpose for the development of cryptocurrency. You invest because you want to support the development of the use of cryptocurrency. Invest wisely

We all don't have the same mentality and decision in life, in which some of us wants to take this kind of a risky opinion because maybe it's the only way to earn more money. But never do make a risky decision if you know the failure outcomes or maybe you'll regret it someday.

It only makes the situation worse we don't know when the dips end. The value of Bitcoin is not so stable at this time it could be that the price gets worse when you take out a loan there will come regret when you have trouble paying it back.

I can't think about taking loan even in my wildest dreams for various reason. first i am student so don't have credit score on my favour and second is already took education loan. 8)

Actually if possible then I will take the chances but I'm not allowed to ,loan can be dangerous because if your target is not meet on the date given you will be in worries

Of course not, I think it is not also advisable because trading cryptocurrency is very risky and unpredictable. I'm still going to stick to the advise of some expert traders of trading only the money that you can afford to lose. There are many ways to fund a trade but funding a trade through a loan is not a good idea because of the nature of the cryptocurrencies. Loans is best use for business ventures where profits is sure to come if you manage it well.

All depend son what I was buying into to be honest. If there was a chance to make a x 5 on my investment say within the next four to five months, then it would be good to open a loan with a company like NEXO for example as I would only be paying 6% a month and even if I doubled my money within say three months on that particular coin or token I purchased, then I would be well in profit, would pay back the loan and would have made even more capital to trade with. Ye sit is very high risk but it all again depends on what you want to invest in and when. Everything in this niche is a high risk right now and it is all to do with both luck and due diligence and general market conditions. Nexo is the safest place to purchase loans right now, I do not trust other money lending sites as regarding crypto currency that is. 

No, under no circumstances will I get involved with loans. I know well what it is and I know how many people broke their lives because of these loans. Cryptocurrency is very unpredictable, so it is not the area where it is permissible to invest credit funds. Cryptocurrency should work only free funds. If they are absent, it is better to participate in the campaigns of bounty ICO during this period.

No. I do not see myself taking a loan to buy the dip in cryptocurrency nor will I advise anyone to do same because the cryptocurrency market is highly unstable and as such one coul loose the money invested within seconds of investing.
So to be on the safe side, it's advisable that one uses his money and always invest what you can afford to loose.

Well I have heard individuals who have done that and lost everything including there house but I doubt that anyone should go to that extend and risk everything just to invest in bitcoin because for any investment asset there are downsides so the price can drop and for bitcoin it is the same but any way investing in bitcoin in these days can be considered as a bold idea because the price is very low so the profit can be much higher but to do that risking by opening a loan is not brave

However attractive to buy a coin in this situation, you should not, remember to invest only what you can afford to lose, you can end up losing everything and in big debt, if you make a loan to buy this dip because there is no guaranty when will the market rise again.

I wouldn’t to be honest. I regularly buy but only with actual fiat that I earn. I don’t like any tyoe of debt so loaning is a big no for me.

please don't take is otherwise, that will be crazy gambling, not investment.

As a rule of thumb I try to stay away from bad debt. However if you want to invest in a safe, income producing asset like multi-family apartments I would happily use a bank loan as leverage. I don't advise making loans to invest in crypto. I know a lot of people who got into trouble and now can barely afford to pay their rates. Be careful with this!

for this current dip ? no but if the dip is harder , let say btc at under 1k usd . i think that can cause me to panic buy and if ever  i dont have  a cash i guess i will loan some on my parents and on my friends but i wont ever loan in a bank or any other lending service because im afraid that i cant repay them on time . loaning to invest is more better than loaning to buy unimportant things because in cryptos we are sure that we can get a high return  .

Plenty of people do this exact thing... We typically call them "Stupid"

Because literally, that is probably the dumbest shit anyone could do... Go into massive debt trying to get rich??? Only a moron would find that legit  :o

Why not just take out a loan for scratch tickets?  You could win the 100k Grand Prize - Instantly!
Or refinance your house for a high stakes vegas gambling trip?

Either way you look at it - It would be gambling.


Only a moron would go into debt to buy something that went 10,000% in 2years...
You missed the boat - Don't try swimming into the ocean attempting to catch it - You will drown.

well, I agree with this. when you borrow and the price continues to decline, it will only make you dizzy. well, I already have a lot of experience in terms of debt, and I strongly recommend not opening a loan just because you speculate.

I have a similar approach. I stay away from banks and from debt altogether. I keep very little fiat money, just enough to pay my bills, and I've never taken a loan in my life.
I have a strong belief in cryptocurrencies but the fear of having to deal with debt collectors or being taken to court if something goes wrong is too big. It would put me on the map, under the spotlight of the government and I prefer to stay out of it for as long as possible.

I don't think to borrow because it's risky, I use money from savings and even though it's a little but at least I don't need to think hard about the results I'll get.

Sure why not? Seeing how this bear market has given a steep decline in Bitcoin's price, it would be the ideal moment to invest in it as much as you can. Personally, I'd take a crypto loan from Nexo, and use it to buy large quantities of Bitcoin. Then, I would take those Bitcoins to buy ASIC mining hardware or invest into cloud mining to obtain a return on my investment. Sure, there's a risk involved here, but as long as Bitcoin remains in the $3,500 price margin, there shouldn't be a problem.

Apart from this, not everyone is capable of taking a loan and paying it at the right time. Only those who're willing to risk themselves and are able to afford paying back the loan, could do such practice.  ;D

I wouldn't and it will be a terrible idea because no one actually knows the dip. You might think you've bought the dip but to your surprise, minutes later you will be further in loss.

No, I wouldn't. That is exactly the mistake many are making, they are taking loans to invest in Bitcoin. This is completely wrong strategy and possible could lead you to losses you can't make up.
First and the most important rule of any investment and so investing in Bitcoin too is to invest extra funds that you don't need and not to invest the funds that you don't have. Sooner or later investing based on loans will lead you into troubles.

Bitcoin is too much risky investment and to go with the loan to invest and gain profit is definitely not recomended in any case.


Even if bitcoin falls below 3000$ and the signs are very clear that it will jump back high, i will not take any loan to get in it. That's my point of view of course.

This thread is relevant to buying crypto on credit. Bear in mind it was March, "only" ~$10k BTC...... :o

https://bitcointalk.org/index.php?topic=3048436.0

Maybe some people would, maybe I would also take a loan but I do not like to owe money to anyone, even banks or loan givers. If I want to buy the dip, I will do it with my own money if I have enough to buy, if I don't have the money, I jill just skip that opportunity and wait for another one.

Investing money that's not yours in a volatile,unpredictable and undecipherable system is a foolish thing to do and if done may be regretted later on as it could land one into real trouble and problems
If you've got 10 dollars,its best you invest 2 dollars,rather than borrow to make up that sum,that way you'll know you'll be taking full responsibility in case something goes wrong.
Borrowing is bad under any circumstances really

Opening a loan to gamble is absurdly reckless regardless of the consequences.
Even if BTC goes up, being rewarded by this type of behavior will take its toll in the future - as gambling becomes an addiction.
Never overleverage investments, folks, long-term it's a 100% loss for you. Putting more than 25% of your net worth in crypto is insane enough, putting more than 100% - I can't even find the right words...

No, I will not do that anymore. Because I don't know the future, and Bitcoin movements are not joyful! I borrowed some money from my elder brothers to buy some altcoins and Bitcoin, and after then I failed to make a simple profit, rather I am still in huge loss! Every time when the market goes down, some people think this is the best time to but by selling land or take a loan and buy BTC! But I think this is not a good strategy! If you have extra money, then invest them in Bitcoin, but if you haven't then you don't need borrow or something like that to buy cryptocurrency.

That will be same things as borrowing or opening loan to gamble, which I can not do and I'll not advice to either. The market is unpredictable what if I lose the loan to the market if the price continues to fall ? That'll be a lose lose situation.

The perfect reply! A lot of people who thinks bitcoin is an investment way and price will increase soon, they asked me to take their money and buy some bitcoins myself and give them profit! I avoided them! Because this is not the right time to buy Bitcoin by taking a loan! I wondered, some people sold their land to buy Bitcoin when it was more than 10K USD! How're their feelings now!?

Thats the most dumb thing to do . Better would be just buy with the money you can afford to lose . Ofcourse you can get lucky and would guess the dip . But imagine if somebody will take out loan now to buy bitcoin on so called ''dip'' . What if bitcoin after 1-2 years still will be on 3.5k USD range . You will just pay monthly interest on loan , which is not low . Better would be dollar cost avarage with the money you can afford to lose .

The loan is very risky and it's difficult to pay if you do not have a permanent job, you can say that you are stuck in a pit all the time. I'd rather borrow from somebody, than credit. If I had my money it would be best, possibly for a loan or waiting for another chance, taking a loan in no way.

Me? Naaaaa! Not a good idea to take a loan for something uncertain. I am not saying that I dont trust bitcoin anymore but practically speaking, for me it's not a good idea to make a loan to invest in something you see so vaguely and you would not even know if you are able to payback your loan in due time and if not, you will be charged with much interest for it.

Open a loan to buy dip is definiely possible but it never a good decision, with that been said. Crypto currency business is never for people who are greed and no reasonable or experienced crypto currency traders or investors will try such thing or advice someone to do it.

Yes.Making loans just to buy the dips is not really a good thing to do.Cryptos do not give regular and fixed income so it would give you much troubles paying the interest of your loan.Invest only what you can afford,depending on your money on hand.And the moment you had made profit from this ivestment,then roll again your profit to invest again.

Definitely not advisable to apply for a loan just to have a capital that will be used to invest in cryptocurrency. Loans have interest and it should be paid in installment. Knowing that cryptocurrency investment is not a guarantee especially for the past one year. You only invest the amount you afford to lose.

It is not advisable to take loan to buy cryptocurrency. Why do you want to take a loan to buy bitcoin ? This is a bad idea to use a loan to invest in Bitcoin. What if the price dips? Will you take another loan to pay that loan ??

That's a massive gamble, long-term it might be a good idea, but you will need to pay that money back with interest. I would personally recommend holding fire on taking out a loan and I think you should just put a bit of money aside each month from your paycheck to buy crypto. Never invest what you can't afford.

No,i'm not going to make a loan to buy the dip because it is really really not a good idea. Market is down while your loan interest increasing monthly that you need to pay and you don't when will be the market rise again. Investing is too risky just invest the amount that you can afford to lost.

business in the bitcoin currency is attempted not to use money from loans, because several factors one of which will cause panic if the price drops and can make us experience stress.
 so it is required to invest in bitcoin using deposits or not our principal, this is very influential on our decision to make sales and purchases.

That's a good idea, especially crypto investment is also something risky, Im afraid that when you loan with someone, you can't pay it because of big interest and the like. I also agree more with investing with the amount you can afford to lose, if you make a loan, of course it's already out of your financial ability right?

I think we all hate to accept loans in this case. maybe the only way you can do is save from now on. well, that would certainly be really useful when you see something good enough to use. well, maybe some people make loans, but I don't want to be one of them.

No! I won't loan just to buy the dip. This business is very unpredictable, and who knows, by the time it gets up, I maybe behind bars for a mountain-high interest-bearing loan. Well, it depends on how much of a risktaker you are. But for me, I am not that much of a risktaker. Somebody told me that if I have an ox, I got to sell that and hope that I might get a good car in exchange of it after a few months. Well, that's FOMO, and I'm not buying it. I already lost to that before, and it pained me so much. It paralyzed my daily operations. So now, I'm resolved not to break the No. 1 Rule of Investment, which is "Never invest more than you are willing to lose."

no, if I would choose if I would like to loan to buy in the dip or just buy what I can afford to buy right now, then I would still choose to buy that I can afford to buy right now. I don't want to have a loan just because I want to buy in dips, there is no assurance that bitcoin will be going to increase, it is better to have an investment on what I am having right now or what I can afford to buy.

I find it mind-boggling how after all that happened last year, countless people repeating the phrase "Don't invest MORE that you can afford to lose" which should've already been common knowledge, you still find people here who are willing to actualy take loans and risk their own financial security in order to buy Bitcoin.
Please take care of your hard earned money, and never take loans to invest in something as risky as the Crypto market is.

That is a true reality that we must know, when we want to invest, never use all the money we have, and I agree with that. We need to remember that making a loan doesn't make us can pay back the money especially the market still unpredicted like today. Even if we know that the market will increase in a few hours later, we could not predict if the market will be like that or will change.

Opening a loan to invest on this dip is really a crazy strategy. This is really a very risky type of strategy that can really make us lose. We all know that crypto is really a risky types of gaining and it really doesn't have an assurance that we can earn on it on the spot, normally bitcoin price change but not in a few days or hours sometimes it will take a couple of year before its price change. So if we are going to have loans we can really supper the interest of it.

yes, That's really crazy because we don't know when this bear market will be finished. I guarantee that if the market does not recover and the price drops then that person will not wait patiently and it will be like suicide.
I think it's better to use money that doesn't have a burden because investors will be calmer if the market hasn't recovered.

I agree that business is a risk but you must make your risk a calculated one. It is suicidal to obtain a loan and invest in cryptocurrency trading. The market is so volatile that it is so difficult to make a profit from it. So getting a loan to trade dip is not a good business strategy.

In my view i will only use free money to my investment portfolio because it will minimize the risk or at least if someday i lost then the risk will be my own responsibility without involved my own family and borrowing money to buy the dip is not a good idea because it's similar such as too greedy and if there is people who dare to do that then they just successfully increase the risk from their investment

That is what every investor must do, at least they have a backup of funds that are ready to be used at any time. so that when the price falls You can use back up funds to buy at a lower price, every investor or trader must have that plan. so you don't need to borrow funds from other people for this

Very interesting question, I would do of course because I believe soon we will rise.
I'm thinking of lending money using my house as a collateral, it's gonna be a huge risk but I'm sure that in case I'm successful, I will reap a good reward.
Loans like mine are long term long, not that I'm desperate but I can still afford to pay the amortization since i have a decent job, I need to risk to crypto hoping that I can retire early, it's good to go full time here as you can be your own boss and you control your time.

That's really a big risk to take, if you succeed to that and the value will jumped high again and bring another high that particular lends will be turned into a big investment success, will be able to pay the house in full and be able to buy something more, we don't know what future ahead of us will bring us but
having trust like this will make something big after.

Though I'm not a type of person like that and I hate lending money, maybe investing what I have from my savings will also bring something good to me after bounce back happen and crypto start to shine again.

It can depend on the situation and if you see great potential to make profit, then why not. I don’t want debt to rule my life and I know if I do this, my family will suffer too if the market goes deeper. Go for the risk that you can afford to take, its all up to you.

There are some guys you did the loan thing and bought ETHEREUM and BITCOIN before and they made success.
But for me at this time and in the future i will never make a loan to buy the dip of cryptocurrency.
I will always buy what i can have with my available money. and never risk anything which i can't stand in the future if i fail.

there is a lot of chaos that occurs due to the fall of the crypto market, especially for bitcoin, I think if you have bitcoin you should hold it, and go on vacation or look for income from other jobs until the market will stabilize and bull for bitcoin I am sure of this.
I believe because existence has existed for more than 10 years and in this level of decline is not the first in the history of crypto trading

Why would i take such risk? There is no point of doing that. This is so absurd. I mean, crypto market is itself risky already. What’s the point of having this much pressure and stress? I don’t like this kind of strategies, so i wouldn’t do that.

I agree with how the discussion is going so far.

I'm already in a bad situation enough to start digging deeper than how i am right now. The funny thing about bad situations is that it can always be worse. Don't do that.