Bitcoin Forum

I'm buying ~500$ in Bitcoin every month with part of my salary. I have a stable job and my company is doing good. I'm wondering if it worth to take 20.000$ to buy 2 BTC now and pay the 500$ as loan installment instead of buying sats every month. I believe in the potential of Bitcoin to reach 50k in a couple years, but it wouldn't be possible to buy near half of BTC at the 500$ rate, so this would be something like an "advance". Hypothetically (but still possible in some probability), if BTC collapses and never recover from 8k, I would still be paying this loan for about 3 years but wouldn't starve or something like that, it would just sux for a while, since I still have another source of income. I know it's not the place to ask I will do whatever I think it's best, but if you were in my position, would you do it?

I really almost 100% always suggest against buying bitcoin with loans. You're just putting yourself at too much of a risk in my opinion. Though in the end, completely depends on you. If $20k is something you wouldn't have a problem paying, and that it really wouldn't affect you that much negatively, then by all means go. You just have to think about it really really clearly. Take into consideration emergencies and such.

If I were in your spot though, and if I think $500 a month for BTC isn't enough, I'd just find other extra ways of earning money instead(regardless if offline or online). That way, I could still increase my BTC stack with much less of a risk. You're already ahead of the masses by buying bitcoin right now, even if you've just been buying in the past few months. You don't need to rush things.

in ways it depends on the risks you are willing to take. you already seem to be aware of the risks and you don't mind ending up paying the loan while in loss so i'd say go for it specially now that price has come down so with $20k you will be able to get about 2.46 bitcoin instead of 2.
but generally speaking i personally try to never invest what i can not afford to lose and definitely not with the money i don't own (loans for instance) i believe lower risk lower profit is better than higher risk higher profit for me.

Don't go with such plans of loan. I'm a real time sufferer of the same. I started my business by getting loans, by that time I had around 0.75 btc. I could've sold that and started the business. When I started my business the price of bitcoin was above $16000. If I've sold at that price it was more than enough to set my business perfectly, but I believed it'll grow and kept hold buying loans to start the business.

To my expectation the price grew and all of the sudden started to fall. Now I'm paying monthly $200 interest for the loan and the capital I bought hasn't decreased yet. It is getting close to two years since I've started to pay interest.

Have you ever thought that what if what you were thinking of would be the opposite. What if bitcoin didn't reach that price after a few years. Consider your options and potential risk that you are going to take. Applying for a loan and paying interest would hurt your financial status a lot. Do not be to confident that since you have a stable job you could make such a drastic decision. Nothing is permanent. Just invest what you can afford.

As long as you have a stable source of income I would say go ahead, reason why is btc is very unpredictable, as it is price is a bit low, maybe if you settle for buy bit by bit it would of gone up in price before you are able to buy your desired amount,
If you take the loan to buy now you have manage to bypass that increase, and in no time you are done with paying off your loan and still watch btc increase in price value,
This is how I will do it as long as I know my job is stable and secure.

Nobody can tell future but I believe btc will get pass present price and more, you should look long term, you never know.

As a principle of mine, I make sure that I don't ever go for a loan to do any type of investment because there is a 50% chance of losing it all but OP seems to have a stable job and it wouldn't really hurt that much if the price of bitcoin seems to go down in the near future if he /she is patient he will reap the profits.

I think most people here are pretty against using loans to invest in anything, whether it would be a traditional investment or a crypto-based investment, but from what I've read, it's actually not that bad.

The main problem with taking out a loan to invest is that in most circumstances, the loan you are taking out has funds that you can't lose, or you're screwed basically, it's the idea of profiting off money that isn't really yours.

For you though, it seems like losing that amount of money is honestly fine, just sucks, so I'd actually go for it mate.

Don't. Even though it has the potential to reach 50k, loaning for it isn't that reliant. Just continue your buying spree every month and don't bother. Bitcoin is a type of investment, and using loans to pay for that investment isn't that worthwhile in my opinion. Of course, if you could pay the loan without affecting your current performance in life, do as you deem fit. These are just my advice and you don't really have to stick to it, but do take it into account.

If ever, OP has a stable income, paying 500 bucks monthly as stated above is fine, he is indeed fine. But it will be a waste if ever he failed his plan, also I think OP is making a rush decision due to sudden fall of price of bitcoin. He wanted to take advantage for that fall. But still, the last decision will be coming from him.

It seems to me that it’s better not to get involved in loans, but, as before, invest in bitcoin for $ 500 every month. Firstly, I’m not sure that in a few years Bitcoin will increase in price much. Secondly, it’s dangerous to get in touch with loans, and you still have to pay certain percentages. I see that everyone here is also against taking a loan to buy two bitcoins now. Better not to take risks, but to invest constantly. Even if the price of Bitcoin falls, with the same amount of investment, you will buy more Bitcoin.

A loan is a loan, regardless of how much "you think" you will earn from the investment that you plan to make using the proceeds from that loan, its still a loan. You can't count your profits yet until you have it in your hands. Even when "you think" the chances are high that you will earn from it, still its a big no as known investors always say, avoid loans at all cost. As long as you don' have that money in your hands, your investment is at risk.

You could see this 2 ways though, in one world he gets a loan in order to capitalise off the falling BTC prices and then they go up in a couple months, he can either sell BTC so he can repay the loan and make some money, or just keep it.

I recommend you to think this through, but being a safer person myself, I wouldn't take the loan, just be happy with the amounts of BTC you have so far, and keep working on the 500 a month.

Personally, I won't go that route, would rather stick to your plan A of investing $500 when you have the money already. You don't want to put yourself in a position that the loan will be a burden for you. If you believed that bitcoin can go as high as $50k then just invest in gradually, no need to rush yourself here. Just go with your original plan and you will be good.

Please avoid buying bitcoin using loans, it's risky as we don't know and we can't predict when and if bitcoin will still pump up or die, it might happen at any moment. If you have a stable job then you must continue what you are doing and buy worth of $500 monthly in that way if you lose you won't feel broke at all since it's all spare money.

not really good idea, actually. cause you'll create debts for yourself right now, without warranties to repay debt in future.
you can not control bitcoin's price, but you can control your own budget.. if you have some bitcoins already, it is ok to believe 50K price level in a couple of year and sell it then
but if do not have bitcoins, never ever take real money and throw it in crypto.

Do not loan, it is not practical thing to do. Because bitcoin will not pump so easily, it takes months before it is really unstable. Your loan will have an interest monthly make sure if you got your loan you will not go broke, since you have a job use your salary instead. Take the half use it as your daily budget then the other half use it to invest.

Aren't you doing fine with buying $500 USD worth of  bitcoin a month? Why do you have to buy $20,000 USD worth of bitcoin at once? Is it because you are thinking that the price of bitcoin is at it lowest level? And are you sure you will still have  a stable job to pay off your loan? If yes, then yeah go ahead do it. I wouldn't say its a bad decision (assuming you wouldn't worry if the price of bitcoin drops during the time you hold the coin).

I strongly do not recommend a loan to buy bitcoin, it is a very careless action to do. Because investing principle basically use your
extra money.Remember when we agreed to loan money, it means we are obliged to pay installments without being late.But the problem is sometimes
there are sudden needs that require money suddenly. Later your finances can fall apart.Let's think about the worst if bitcoin hasn't
gone up, and you have a sudden need right then and there.Because I've experienced something similar, using a bank loan to buy bitcoin.
What happened was I was fired from where I work, then the price of bitcoin actually dropped. I decided to sell everything, but I couldn't
close my loan, The end have to sell one of the assets that I have, which is the car that I have. Since that time I promised not to borrow
money again,especially for needs that are not urgent.

You are so lucky if you can pay the loan every month. I think you can do that if you are sure you can pay $500 every month. As long as you can pay the loan, then I think that it is okay if you want to buy 2 bitcoin using that money. Perhaps, I will do the same as you if I have a stable job in real life because I believe that bitcoin will increase so high in the future. But I will make sure that the paying money will not disturb my daily needs because that is the important thing that I need to buy monthly.

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Yes, this is a better decision if you can take the loan now and buy the BTC. Although it is not sure if Bitcoin will move up or down in the short term but in the long term duration, you will be save. Also by doing this, you will be save from the worry of looking at the Bitcoin price every month and get tensed.
Just make sure if you can get an interest free loan or a loan with low interest.
I am happy to see people having confidence in BTC and when most of people have this mindset, the demand of bitcoin will increase automatically.

Please don't do so, Bitcoin is a good cryptocurrency and an investment.
But as always tell and must be done. you will always invest in what you only can without any risking of your daily life.
The idea is brilliant but i do not recommend it. Don't get your house a stake or anything. just put your extra money on an investment.

The choice is yours, but I wouldn't recommend it. Buying a bit at a time is actually better, which is one reason why you should continue doing what you are doing imo. Another thing that you may not get a loan if you say that you want it so that you could invest in BTC. Finally, always invest only as much as you can afford to lose, so while you say that you can pay it back in a few years, it is still a long time to plan a large loan for something like that. As you said, you do what you think is best, but I wouldn't do it if i were you. But, that's just me, and i prefer to play it safe, so, you know...

I agree. It is very risky to loan and invest it especially if the price is not growing time to time. Better to find ways where you can earn bitcoin instead of loaning, even little by little you can save it. Market circulation is not that good however, it is your decision and your ways. hopefully that works successfully.

Practically speaking, it could also be great to buy bitcoin at this time. You also have a point why you want to loan money to buy btc. Since you're buying every month but since we don't know when it will increase, it's better to buy while it's at its low price...

I don't suggest you to loan just to buy bitcoin but it's fine unless you know you're capable of paying what you have loaned. Sooner, bitcoin's price will rise again so he can also get it back. It's just a matter of time and patience.

The decision making regarding to this concern will be depends from how a person understand and believe the future success of this system. If you are willing to wait for the big growth of this market and you are not going to collapse once you see more downfall, you can achieved things only if you are optimistic and you always have the patience to keep yourself up even there's some cycle with falling market.

if you know you can handle it if it never rises to that level then get the loan,but i'm positive though that in three years btc has the potential go more than double from what it is now

Taking a loan is not usually a great strategy. as a advice, I think its a bad idea especially for something as volatile as Crypto. Due to the global impact of Bitcoin it is very difficult to determine when it will be pumping or dumping. try not to fall victim to the low affordable monthly payment. Instead look at how much you are paying total. So if BTC collapses, you can afford $500 a month, but how does it feel losing $20,000 plus interest? Personally I doubt BTC drops to under $8,000. I am bullish and hold long positions. But its also a very volatile thing and I wouldn't be comfortable buying it on loan, but at the end i could say, If you believe in what your investing in then go for it. Having a $500 a month payment for having the slice of a dream is well worth it.

It's not recommended to invest on something with loans because you put your money to too much risk without guarantee of returns. Always remember that bitcoins market is volatile, add that to the risk you put by getting that loan. Stock market is a better option for long term investments especially with strong companies since you earn by buying stocks on intervals, just as what you do today. Also, you'll never know what future news would bring to bitcoins future. If such negative news comes and you still hodl your bitcoins, then there's really no hope.

Investing money using loan would put you a high risk, even in stock market, we know very well that stock market is long term investment, less risk than bitcoin but it is still the same as using your loan to invest. I do believe that investment should come to your own money, the investment you can put to risk is the amount you can afford to lose. Im not saying that you will lose your investment, but thinking the possible scenario will help you to understand and think of a better solution for the future.

The first rule of any investment is "Never invest the amount you really need or cannot afford to lose", since this is not true in you case you can go ahead to take loan, as you said you can easily pay the loan even if you lose it then you should go for buying of BTC at this price. Although $500 every month is also a good amount to invest, if you are looking big profit then bigger amount required to be invested but with bigger investment risk is always bigger. In my opinion this is the right price to buy Bitcoin, if it still seems risky then you can invest half amount at this point and can keep rest of the amount for lower price.

Something similar is available for Mutual Funds, you can either buy funds at one time or pay every month in Systematic Investment Plan.
But the problem in your case is:
1. Bitcoin is much more dynamic than mutual funds. When you buy all funds at once, it guarantees that you will make much more profits than buying every month because CAGR of funds is mostly positive. But in case of bitcoin, you never know when it is 20% positive or when 20% negative. So if you invest whole amount today, it may become very risky if btc fall in near future.

2. You are taking loan to buy coins. Thus, you will have an additional expenditure of interest rate. It will decrease your profit by certain percentage.

One of the first rules is not to invest money that you don't have. Invested is always extra part of your funds that you don't need.
Taking loan to buy Bitcoin is not smart idea because at the end you might get loss instead of profit. You will pay interests on that loan and meanwhile the price of Bitcoin might fall so you'll get into financial troubles.

I have learnt a hard lesson never to take loan to buying any Cryptocurrency. The reason been that: it's very volatile it may dump badly when one needs his fund most, and this will trigger a panic sell order, which will lead to selling in big loss. I hate loan, it has dealt with me on several occasions. I will never advise anyone to use it.

Its a good thing to be really positive in bitcoin and to believe that it will really grow in value. But making loans is another thing, if your salary will still be enough to provide for your needs after having to pay monthly payment including the interests then its a good thing. Given that you are saving 500$ to buy bitcoin monthly it means that you can afford to make a loan of 20,000$ to buy bitcoin. Thus I do not discouraged you for doing so except if you have many other things to pay`

Not really a lot of risks involved in the investment though, it's not like the crazy stories we've heard about people remortgaging their house, or liquidating other important assets, just to buy into BTC at the correct time. OP is purely risking his disposable income for a chance at higher profits when he really doesn't need that money for anything important.

That's true mate, for the first part at least. There's nothing wrong or bad with having savings or emergency money, especially when bad things occur and then you happy to need the money.

This is a bad choice. If you can't afford to buy bitcoins, better don't. You can't know in advance if you will make enough profit to repay for loan and to make something for yourself. It's better to wait a while and save something that you will invest in bitcoin.

Taking bitcoins with loans is not a great idea even if you have a stable job you'll need to pay that amount if money in some years so you must be sure it will remain stable in those years. Why not taking a small amount of loan that you could pay back in 2-3 years max so in this way you have better chances to pay it back.

Even if you make a good profit from that loan , remember you'll always have to pay it back so my advice would be to stick to your monthly income, in this way you can keep all the profits.  If you have made the loan when bitcoin has ~3k$ then it would have been a great move but now its risky in my opinion.

Why would you loan money just to buy bitcoin? Bitcoin is a good investment but it's a lot of risk especially when you just borrowed the money you used in investing. And it's a long-term debt you have to pay...

It's better to just continue buying bitcoin every month rather than loaning. Cause I won't do that myself knowing there's a possibility of losing. And if that happens, I might not be able to pay back what I have loaned.

I am no financial adviser but with my little experience in bitcoin investment and trading, it will be better to buy $500 worth of Bitcoin every month rather than going in for a huge loan just to buy 2 BTC.  What if after you took the loan to buy the Bitcoin and months later the price of bitcoin drops to about 40%, you will lose a great amount of your investment capital. But with the monthly purchase, you can easily decide whether to buy or not depending on the patterns of price changes. Please don't make a mistake to acquire a loan just to invest in Bitcoin....

Bad idea, don't ever invest in bitcoin using loan. The risk percentage is still very high in this unpredictable market so if you invest using loan then you will not be able to keep yourself calm during bearish market.
Only invest what you can afford to lose.

TBH I think that it is a bad idea I know that you believe too much in Bitcoin and that is why you are willing to take the risk .
But we should always remember that in investment only invest what we could afford,
And I think you should be contented on your own progress as you've said ypu are buying Bitcoin regularly so why would you even take a loan?
You are accumulating monthly and I think it is enough .

i dont suggest taking loan and invest in bitcoin will be more likely advise  we should our savings mostly then we can concentrate on  booking profits

Well it's a good idea to take a loan and buy some BITCOIN to earn the difference but I was asking that how much fees from bank to take the loan and what if BITCOIN decrease and you'll lose both of your money from bank and your wallet! I advice you to wait into BITCOIN docrease into 3k$ and buy it to garantie the benefits.
Good luck in your investment.

It's a good business however business has challenges and risk if you have stayed on the forum long enough and you know about investing in bitcoin you can make that move I fore see a good profit from it

I don't know what to react from this dude. You yourself know that if bitcoin value goes down the whole loan plan is messed up. Plus the monthly interest you pay for the loan will keep going until you pay it completely. How can you pay if the money you have loaned is keeping itself untouched and just changing its value? Dude this method will hardly be working. It has a high chance of getting yourself a debt. The value of  Bitcoin isn't changing too much now If you want to invest just find a job, get money and put it into investment. Don't invest if you don't have anything to invest in.

If the price of bitcoin was around $3k, i would  have agree with you obtaining the loan to invest in it. But considering the current state of the crypto market, it will be a bad decision to take a loan to invest in Bitcoin. Please stick to the $500 monthly investment, that is very safe and the risk is lower than using a loan for the investment....

I wouldn't recommend that. The price is very unpredictable. You might end up with being affected with every move in the price.

You can still buy with these extra 500$. That's safer.

I dont know because its up to individual if he wants to take additional risks (loan) to gain much or eat fast food in result for years :P.
Risk is what some people take too easily, some too hard and very few know when really its acceptable.
You seems like person that know what to do, calculate things and in result you know already what to do now based on all this opinions :)

that was right! why try to loan with not guaranteed you can get profit. what iif other things happen you will  be bankrupt with the idea of loan if you really want to risk sell something that has value and use it as capital instead .

If i was in your shoes i would completely avoid the loan and just buy BTC using part of my side income. When you go for a loan, not only are you putting your self or collateral assets at a bigger risk but you are also going to pay back with interest.

That Interest could mean something to your investment.. Finding other ways of generating extra cash would be much more plausible to me.

Yes I love bitcoin and I know what it can bring to us, but I don't suggest you doing that. It is not that I don't trust bitcoin, again I know what bitcoin can bring to the table, but I think it is not good getting a loan to buy bitcoin. It is too risky and there are these rough times that bitcoin is on a low trend and having a loan, you need  to pay it. Just stick to using your salary I guess.

This idea sounds like Forex which is where its common to take a bet on currency direction, short Dollar to buy Bitcoin.   In the case of vice versa short BTC to long dollar actually pays some yield, any currency measures by the difference in interest rates available.    To go long BTC requires a very bullish attitude and alot of skill to be correct on direction, in any case the point I wanted to say is Forex traders are usually very short term because its such a tricky volatile market to speculate on.   They spot a trend, they take a trade and they close out on the objectives for a profit.  I dont hear many doing the same long term.

  Its an advanced topic and really its not advisable for anyone outside that set of skills, artificial leverage like this is not helpful and most people are already extended in some way without realizing as most of us arent rich.


Thats an assumption going into the future, the possibility would be that the strength of Dollar rises at the same time businesses cut back and unemployment rises, its a nasty situation thats happened before.  People who have taken loans based on their previous circumstances are then in trouble, it'd be fine if BTC rose in this economic outcome but I think it would be challenged at this time for at least a while.

   Leverage and crypto are like oil and water and best not mixed.     Its actually smarter to buy over time and distribute risk, I think its an established method actually: https://www.investopedia.com/investing/dollar-cost-averaging-pays/

Don't ever invest in bitcoin using loan. Avoid the loan and just buy bitcoin using part of your side income. The risk of investing is still very high in this unpredictable market. When you will go for a loan, not only are you putting your self or collateral assets at a bigger risk but you are also going to pay back with interest.only invest what we could afford,It's better to just continue buying bitcoin every month rather than loaning. 

I will never do that if I was in your position, you are doing really well not many people can invest that amount of money in bitcoin or in anything else every month and while I know that it can be exasperating to see your bitcoin holdings growing up so slowly that is better than to be in debt and having to pay interests over that money, then the price crashes and you have nothing to show for all the money that you borrowed, think about it because this could affect the rest of your life.

Yeah that's what I am thinking. But he says he has a stable job so for me he need to have a proper management in his salary so that he could afford to invest so no need for loan. Loan can only make people broke, that is only my opinion. Increase your savings avoid to much expenses and put your money in investment.

I like your optimism and belief of bitcoin. You have a certain plan on how you'll tackle the future for bitcoin but I don't encourage anyone to take loans to buy bitcoin. We're okay as if we all are visioning the future of bitcoin.

But if you have a regular job and even you wouldn't starve if things didn't go well, still don't do it. There are other ways for you to get that amount of money by maximizing your time or doing some other things to generate more income that can be used to purchase more.

this is a very interesting thing and as a clear way for anyone who is still minimal or even does not have bitcoin to be able to develop his bitco business to be even more successful, by whatever process and method a bitcoin loan if it exists and is realized is a solution for beginners and for people who develop their bitco business ...

If we are able to start in a small amount, let may say $100 is much better than to have a loan for the seek that we could start in big. We can't just think that we can be profitable every day and we can pay the interest of our loan or the entire amount on time.
But how about if we lose them all? It could be worse and wondering where we can get money to pay our debt. Loan again?
's
It will find difficult when we just started like this. Better to start what we have in our pocket, not from the other's wallet.

I think so too. If you invest with a loan you have no collateral. I don't think you should do anything without putting up collateral. Though don't be like my father who wanted to use his house as collateral for a business his friends and he wanted to start.

We say all this now though imagine bitcoin soars in price. We will be eating our words and the OP rich. It is too scary for me personally as you can lose thousands within seconds and also gain thousands.

I too think using loans to buy bitcoin is a bit risky, you
might end up in a lot of debt since the market is so volatile
and unpredictable. If you have extra income or money to
spare that would highly be advisable. But then again everything
comes with a risk. It all depends on your strategy, I know some
people from work that have gotten loans for several investments
and some turned out pretty lucrative.

Precisely. That's why it's really hard and scary investing with the money you are not willing to lose, loaning fo your capital will affect your decision-making, as you will always think about what will be the best way to take care of your capital. A big whale dive will scare you a lot and force you to make a big mistake losing your money.

Be very careful not to decide with things you are not ready to let go, Loan money needs being paid whatever happens to your investment. Think more
deeper, if you are willing to take the risk and if you think you can do handle whatever fate brings you, then go for it.

Not all loan is bad, in my personal study.. I put loan as a motivation for anyone to be more productive. It's bad if you can't handle it and have no plan to pay the installment or don't know how big the risk is. Buying bitcoin with loans are not always be a gambling, but of course since Bitcoin is not always predictable it might be bad for short term move but still good for long term as you don't need to care daily price changes. If you really want to do so, you need to think about the risk not only twice but several times and find ways, not only a way to get out and make profit from it.

That's the people's misconception in responding to the Bitcoin fever. This actually makes our condition insecure, because even though the price is very high, the price can go down at any time. there are currently no insurance agents that help users to guarantee the use of Bitcoin. let alone you lend $ 20,000, this might not be recommended.

If you are loaning, it is probably not a very good idea to take part in buying bitcoins. I expected that you already know that these investment brings a lot of risk and can put you to much more loans in the future if not successful. Maybe I'm not into a high risk but rather low risk with low ROI but with sure profit overtime. It is up to you if you are brave enough to take those actions.

Borrowing to buy cryptocurrency is a bad idea unless you have a sure means of repaying back.

It is Ok to invest part of your salary in Bitcoin as long as you can afford to lose it. I guess most people can afford to lose 5-10% of their salaries. Anything above that could be consider risky.

Cryptocurrencies are associated with huge risks. The decision to obtain a loan for the purchase of cryptocurrencies should be balanced. You can lose much as 20 thousand is very risky here. Besides, pay attention to the fact that regardless of the volatility of digital coins, many investors get huge profits from trading them.

If you play your “crypto cards” correctly, then you can become one of these investors!

Many have already expressed their opinion here, let me join. Taking a loan in itself is a very risky business. Weigh these risks well. After all, as long as you have a job that is your main source of income, you will be able to survive the unfortunate set of circumstances, but what happens if the job does not? After all, the collapse of Bitcoin will not happen “just like that”, it will somehow be connected with some financial changes in the world, and who knows how this can affect you.

Don't do it unless you have a very strong hand.
People are victims of their own mindsets. Do you know why so many people lost money on bitcoin when it was such an easy asset to win with? They lost the nerve and couldn't cope with the losses. They had their friends and family wear them down. They were waking up every day to red candles and finally said enough.
Take a loan and it will wear you down. A wealthy investor will see red candles and ignore it. A normal investor who is a bit in the red will say I'm down 20% but that's not a lot, I can take it and wait". A guy with a loan will keep paying interest and will have to struggle to find the money every month. He'll add the numbers and while everybody is at 20% loss he's at 40 because of the loan interest. Most people can't handle it.

I know this sounds like an exciting idea thinking that loans are pretty easily available at a rate of 10% per annum while bitcoin can make a deviation of 10% in a day so what if it's your lucky day and you just go 10% up you have actually covered up for interest in the first day itself. But there is only one problem about it. Which is your loan amount will stay as it is while BTC may not. If you it never recover from 8k which means if it goes to the downside then you won't only have risked the whole amount all at once which is now in negative but you have also missed the change of buying cheap which you would regret and then you would try to buy more. SIPs or monthly investments work well because they have an advantage of averaging over time which means even if price goes down you are buying cheap which is not true with lump sum . So one should go for lump sum only when he is pretty sure that price will definitely rise from this point. Take advantage of averaging and let it be how it is now. Because 500$ invested now is more if price goes up but if it goes down then future $500 would buy more bitcoin and you won't even need to pay interest on it.

Thats the kind of question most people would like to ask when investing in Bitcoin. They heard just a few hyped and the unprecedented Bitcoin ATH last 2017, they automatically think Bitcoin would make them rich in the next few years.
I know we are all positive about this thing to happen in the future , but the risks is always there. You might change your mind in the middle of hodling because your target price/profit didnt meet your expectations on time, and start selling just to cover your loss.

Nevertheless, the decision is still on you, Bitcoin is capable of giving good returns more than your loan and the interest. Who, knows it might work, but thats a pretty huge amount.

Life itself is risky, if you don't take risk you will never know how far ahead you can get, the btc early adopters took risk investing and believing in btc and today they are in control over the rest of people, ofcourse nobody can guarantee what will happen to price in next coming days, but sometimes we have to take risk to achieve our goals in life,
Since from all time high btc has gone as low as 3k and back up to 8k when most people thought otherwise, op has a stable job that can enable him payback his loan, all he need is excercise some for his investment to yield profit, if we believe btc will surpass this current price in future then there is need to panic about little drops in price at present.

Okay I would just be honest with you ,

1. If you are investing for long term then I think you should not take any loan to buy Bitcoins since you are aware of the volatility factor and trust me the chances of it going down the drain is Preety high.
2. If you still decide to take a loan then go for short term trading and encash timely .

Don't take it wrong I love Bitcoins but there are a lot of risk factors associated with it thus ensure safety of your money .

Loan to buy bitcoin is a very bad idea. We know investing in bitcoin is risky so always "Invest money that you can afford to lose". That is always a reminder to us when we invest. Bitcoin value is very volatile and it doesn't guaranty 100% that we can make profit. Loan to buy bitcoin is not advisable.

I think 20K loan can be too much if you can pay back 500$.What if you will lost your job
Think twice.Bitcoin is very profitable now in time before halving.But you have take under consideration that bitcoin most risky emerging asset in the world.So be careful

No, I don't think it's a good idea. If you are going to loan in order for you to be able to buy bitcoin I think you must think about it first because if your loan you need to pay it in a short period of time. While bitcoin is for a long term investment so I think much better to buy bitcoin using your savings and do not loan for it. There always a risk in investing bitcoin, I think it would be better if you invest that you only can afford to lose.

All we have are assumptions on where the price of bitcoin will be in the next few years and there is no certainty on how the entire financial sector will behave in the next few years, what if there is a financial crises pops up taking all the market down, you cannot undermine those situations when it comes to taking a risk by investing in something by taking a loan. Investment must be from your savings and not by taking a loan and having a time frame and if the market collapses all your calculation will go down the drain too. So my advice is to avoid taking loans to invest in anything.

Or how far the worst situation in your life you can get. Specially in a financial aspect.



But, because of this, I might make an exemption to the OP. I just realized he said he took $500 out from his salary to accumulate more Bitcoin. So, why not right? He might have these FOMO vibes, but he have to take the risks.

I was just helping the OP to picture out the possible scenario when he fails to make a profit from his invested capital which came from the loan. It will double his financial struggle if that happened.

Its actually a bad idea.
Before I was also thinking the same way, I plan to loan at least 2k usd, not really high compared to the OP's planning to loan,
and luckily I didnt continue to my plan, because after a few months, the price of bitcoin decreased more than half of its highest price.
I dont have a regular job that time, and I dont know where I can get a money to pay for that money if I continue what I am planning.

As what you have mentioned, you wouldn't starve for this move then you can freely do what you like to do. You can continue to invest 500$ or even take the risk of loan and invest your 20,000$.

There is always a risk in every investment but right now, we are nearly at the bottom of the market yet so the risk of your investment in bitcoin is pretty low right now knowing that the market will surely recover in the following months as it is how the market works.

People take loans to buy less profitable things as long as they know they can afford to pay back, @OP according to your post you can afford to pay your loan back even if btc pric is still within your buy point,  

Am not a financial advicer or expert in knowledge of how btc will react in days, weeks or months to come but I just know from what I have seen so far that hodling btc has always proven to be profitable especially when you are willing to give it time,
In two years from now do you know what btc price will be? Think.

If he is able to pay back then what is the point in taking a loan to purchase a high volatile asset. People usually takes a loan to purchase less volatile assets that can be soluble if you hit with any financial issues and not to invest in high volatile asset like bitcoin. I will never take a loan to invest in bitcoin and there will be thousands of individuals here in this forum that can vouch that they had a huge loss when the used their credit cards to purchase bitcoin and the market dropped drastically.

I think that now taking a loan to buy bitcoin is a bad idea. We have already gone through a period of triumphant growth in the price of bitcoin and now there are no guarantees that it will grow at the same pace.
In general, I try not to get involved in loans, and a loan to buy bitcoin is a double risk.

No. I wouldn't do that why? Because it is risky bitcoin is very volatile asset this isn't like any asset like stocks which it's price determine based on performance of a company and besides the price of bitcoin isn't not is decreasing at the moment it isn't good choice to buy it is quite painful to finances to pay 500 usd per month.

I am not a financial expert but i am saying that your choice isn't good at all

Yeah, I won't consider it a smart idea. Although bitcoin is quite a secure and trusted source of investment still there's always a risk factor involved while investing in it since the currency is too volatile. The price of the coin won't always go up to your expectations and this can generate some serious issues making you fall in debt. And that could also further lead to panic selling advancing you lose even further...

just buy bitcoin with your salary. you have main job and its good you said, so the best choice is just buy with your salary, but dont forget always fill your needed. scary moment if you buy butcoin with loan in some price with high volume. then bitcoin dont have good movement, it have stable price and you must pay your loan, how you do that?

Want to invest by borrowing large amounts of money in my opinion is very risky, and your plan to make total purchases of large amounts of bitcoin for you to invest and in my opinion is very risky because bitcoin is difficult to predict and fluctuate and prices can change significantly and unless you are good at analyzing bitcoin in the near future it will go up according to the price you set, that's no problem.
and I am more in agreement with the initial way you make a gradual purchase of the results of your own money to invest and in my opinion it is more effective to avoid losses, and you will not think about debt problems when you lose because you invest from the results of your own money.
and you should choose to invest in the long term because bitcoin will be more profitable if you invest in the long term without a time limit that you specify.

Buying over time rather then in lump sum gives the advantage of time distributed pricing.   Buying immediately does give a speculative advantage where if you call the price right you can capture the best low price available, however you dont seem to be intending a trade but a long term hold.
   So the best advice is dont employ leverage or interest costs, buy over time will give you benefit of BTC volatility and likely you receive some of the low prices and this will give back some profits in future rather then guessing when to buy all.

A lot of things can happen in three years. You could be jobless and have no way to repay the loan. Or BTC could go to 200k a coin. Nobody knows.

Taking this loan comes with high risks but possible high rewards too. Since you are buying 500$ every month anyways I would probably go for it if I was in your shoes

This is a good option OP, which is as long as you maintain your job in the next years or as you last for that long to complete your loan duties. But I know the feeling that the investment for your future is now but it should not be through loan.  We'll never know the future and if btc reach $50k, we'll also never know if it's in the next 3 years. Though, I can say that the risk you are doing is mild compared to those who make loans like they can guarantee that they can pay it because of bitcoin.

Firstly, getting a loan in other to invest in bitcoin is not a good idea but there's nothing bad you in getting the loan since you have a stable with providing you a stable income and you won't starve till you pay the loan.
I will advise you to get the loan because there's a chance that the bitcoin market may not experience this kind of downtrend since the total 21million coins will be reach in a few years.

I honestly don't see something stupid in it since he can easily pay back the loan but the stupid thing is him not seizing the opportunity of this current dump market before it Bitcoin halving year which will literally lead to max surge in price of Bitcoin market.
How about the person that sold his girlfriend car in other to invest in Bitcoin?

Here the question is, at what interest rates do you get credit money? The second question is at what price buy Bitcoin. Experience has shown that buying Bitcoin for $ 4,000 brings a good profit.

That's a good idea but I guess buying Bitcoins using your salary would be better because you wouldn't mind paying higher interest if ever the price of BTC drops down. It's risky to loan just to buy bitcoins. However, if you see it as a better way to invest with a bigger amount before the bull run, then do it if you're comfortable with it. Only you could answer than since you will be the one who to know if you're capable of paying it.

Well, as long as the OP can pay the monthly payment of that loan with his salary then there is no problem with that. But I don't know yet if the salary that he's going pay is enough that he still have some money left for emergency or for foods. I can't deny that buying during this dip is a once in a lifetime chance but the risk of taking too much responsibility might cost him something.

I think that loan will be pretty worth it. Bitcoin will do pump 50k or even more but I am pretty sure that this will take a lot time maybe decades or centuries perhaps. Bitcoin is very potential assets based on its history from 0-20k usd is a prove that it is worth to invest with.

You're just going to give yourself a big problem in the future. Investing in Bitcoin / Crypto Currency is very risky as it may fall into unexpected circumstances. Many people were in big trouble because of this, others even sold homes, borrowed loans, and even used their hard-earned money to buy Bitcoin. That's why you should not do this because you are going to risk a lot.

If you are unsure with things that you are planning to do best not to it since you will going to risk your financial stability. Loaning should be studied very well, if you are unconvinced with your capacity to work with crypto never take the risk.

While, If you are ready and you can handle anything whether it's good or bad happens to your investment, most of the time taking care of responsibilities is the very hard part of having loans since the lend money will need to be paid to whatever conditions that you take.

You are just endangering yourself this is a volatile market what if the market goes down for several months and you are still paying your loan out of your money instead of out of your profit if you are going to make a loan use it in business, not in a volatile market, on business you can buy Bitcoin out of your business profit, but never take a loan to buy Bitcoin.

Remember you invest what you afford to lose, you cannot afford to lose a loan.

^^  Good advise, people who want to use large amounts of leverage to speculate should setup a company.    The reason being tax planning, a business is given far greater advantages when it comes to paying taxes and carrying losses from previous tax years.
   If you dont want the hassle of doing all that and employing an accountant to sort out the details to give yourself the best chance then I would advise as a home based investor/speculator you do not mix leverage with crypto.   This is such a volatile cutting edge sector that has never existed in the history of finance before; add in that the world of FIAT based debt and political currencies are coming to end in a messy way most probably and you have a roller coaster then is going to be so hard to keep hold of personally.
  The market will do its best to throw you off and confuse you, my context is 2008 and I do not think that was a one off it will happen again and the world will be changed in a tectonic shift of power.

Most people I think will say no because in the short term you could lose very quickly if you buy just before a dip. I think in the very long term you will do well but can you afford to be down for that long?
I doubt it since you are taking a loan, to begin with, so a short term loss can throw you off.

never take loan to buy bitcoin bitcoin market is volatilize market we should keep buying when the price drops down

There's 2 big factors you to take in here when making a decision.

1. Does OP have enough savings so he can cover any incident that happens? Would this be enough to cover any freak things that happen (your car breaks down, etc).

2. Are the interest rates of the loan low enough to justify doing that, or are the rates of Bitcoin so low your able to justify taking out a loan for it?

Once you answer these questions you'll be able to make a decision.

For me it's simple after read your story that basically you have a salary and you says the company which you works is good probably stable from management side so at least if bitcoin price down more than now and you loss then you still can pay your loan through your salary so in this case buy bitcoin from loan is fine for you because you didn't counting on your earning from bitcoin and have actual job

if I suggest you shouldn't buy bitcoin from a loan because it's very risky. although I'm also always optimistic that one day the price of bitcoin will reach $ 30k. taking a loan is very risky if the price of bitcoin in the future does not match expectations then you will regret it. You use $ 500 to buy bitcoin every month is correct. and you should try to join a bounty campaign project with a bitcoin prize or you are taking part in the bitcoin faucet. by doing this bitcoin you will increase without having to borrow money.

Taking loan to buy crypto is not a good financial strategy. If I were you I would increase from buying 500$ a month to around  600$.

i have a friend, he dont know about bitcoin. someday i ask him to join this site but he refuse because it take long time to gain and a chance to gain profit is not sure. when bitcoin price reach top on last year, he late join and decide to be reckless. he buy at high value with his money, and he ask to some friend and he said this is investation. but now he lose all of money and fund. he try to return money to his friend and try to fix his life.
moral message, dont borrow money for investation.

We should know how bitcoin works and the possible circumstances that happen. Unfortunately, your friend did not get any advice from crypto enthusiasts expert when it comes the financial problems. Well for me I think it's not necessary to loan in order for you to be able to but bitcoin because as well all know bitcoin if for a long term investment. That means you can earn a big profit but in a long period of time. Then most of the loan agreement is you must pay your loan every 15days or every month so where can you find the money to pay your loan? It's very hard so much better to save money first.

Investment in Bitcoin to instead of your own salary. I think here some advantages and disadvantages. Still now BTC price is not high so at the moment it’s looking worth investment. Because BTC is the brightest currency for the future. Long term investment will definitely profitable i believe that. This is the unpredictable game if unfortunately market will go the extremely crash when how you can be recover your loss. So, i think this is very risky and do it’s your own risk. Even here everyone dosen't support to loan for buy Bitcoin.         

Im never do this way to invest on bitcoin, I just invest with my money that willing to loss. To get profit in crypto trade we can start with little money and grow with it. We don't know what happen next with market movement, every single trader have potential to loss, to be bullying by market.

Its not advisable to take loans just to buy bitcoin even you can afford to pay it regardless of the outcome of your investment. You are buying satoshis every month and I think its enough to accumulate btc. Think about it because its risky, we know how volatile the market is and we cant say what will happen next for the future of crypto thus it would be better to buy using your own money and not taking a loan.

I think its better to buy at your own and not take a loan baecause if you loan that loan have interest. So i think its to buy every month for 500$ than take a loan.
But its up to you sir its own decision if you want to take loan to buy a bitcoin its own.

I keep take away from big risk with bitcoin and altcoin investment, for me bitcoin and altcoin investment give for us not only profit always but also we will faced with lost our money with bitcoin and altcoin investment, I don't want to loan money at the bank for investing with bitcoin because too risk with bitcoin price not always higher and can be dump, but if you have other your source money to pay loan when bitcoin down you can try but if you not have, never loan money for buying bitcoin.

To tell the truth, this sounds like a bad idea for me. Purchasing coins worth $20,000 in one go is much more riskier when compared to doing it in installments of $500 per month. Because the Bitcoin price is volatile and you will get more coins for your $500 installment, whenever the prices go down. But anyway, both the methods have risks and advantages associated with them. You don't need to listen to the advice from others. Go for the option, which you think suits you the best.

That is key, many never consider the interest rates they need to pay when they get a loan but it can be the difference between paying the loan relatively quickly or being stuck with it for years, the rates vary wildly between countries and the type of loan you are getting but the worse by far are credit cards which can have an interest rate of 30% to 50% each year and even with the great performance of bitcoin it could be very difficult to pay the loan especially if you buy bitcoin at the top.

I would not advise taking a loan for investment, although you can take a loan if there is a stable source of income

That depends on how long you are going to HODL your bitcoin. If you buy bitcoin now and HODL it for the next 5-10 years you are going to make a huge amount of profits. Imagine the people that bought bitcoin in the last 5-8 years? Those guys bought bitcoin around $100 to $200 range and yet they can now sell their bitcoins for roughly $8k minimum. Bitcoin is a very good investment for the long term. 

I've been taught by those people who are good in finance that rich people take loan for business and investment. But they all understand and can calculate the risk that they take and they are the ones managing the flow of their investment. Unlike taking loans for bitcoin, the risk that you will take is unmeasurable and you don't have a way to control it. Majority here tells you that don't do it which I also advise you to. I hope that you won't experience losing as the market stumbles together with your debt.

Wow! I'm surprised on how far this topic went. After reading every single comment, and appreciate everyone who took time to write something, I decided to just keep buying slowly every month and not taking that loan. I's been said I would do what I thought best, but I confess I was more inclined to take that loan. After reading all the comments I realized that was a bad idea, so I'll just keep buying sats. No hurry.

Thanks guys.

The good plan about loaning  when you want  invest in btc is if you have a business already that can use to  pay all of the loan that you will use to buy BTC .

It will depends on how much loan you will need to buy bitcoin and your repayment date. It is good as long as your a trader and not making a loan to buy bitcoin and hodl it for a long time since the interest of your loan is getting bigger every day or month.

If you have a job and earning from it then you can just use of your 30% - 50% hard earned money to buy bitcoin every month and its no hassle and no interest to pay.

That's right, if we do have job, then we can just at least buy bitcoins through our earnings, but, don't take it as a savings as crypto is volatile, so don't forget to save some part of your income before you invest in Bitcoin, so when time comes that you will need fund for emergency at least you have your savings and you cannot get your Btc holdings.

If your loan would have long term payment terms, you'll be liable to pay for it using the money from your stable job. But if you're now having any work as sources of income, don't attempt to loan any amount to invest for bitcoin. That's good to have buffer funds before engaging yourself on bitcoin investments, because you can't be sure of when you'll be able to gain your profitable returns of investment coming from bitcoin.

I agree with this! Do not get a loan just to buy Bitcoin. Bitcoin has a huge potential but there's no guarantee when it will boom. We are on the early adapters stage. What if it will take more couple of years for cryptocurrency to be acknowledge worldwide? By that time, the interests on your loan will be sky high. $500 every month, if you do it consistently, is already a good strategy. You only need to know when is the best time to buy.

Your loan is a good idea because you will have a huge investment in investing in Bitcoin. But you also have a high risk of losing.

So think carefully. It's not an easy decision to make because you're going to spend a lot of money on it. And it could cause you a lot of trouble if the price of bitcoin dropped further.

Wait until winter and buy Bitcoin at super low prices. I believe that you can save $2-3k and buy Bitcoin is very profitable at the peak of the bear market

That's a very mature decision, Wolf! And I'm glad that the community feedback helped you make your decision! If Bitcoin is going to be a big success in the end and get adopted as a mainstream currency it won't matter at all how much you bought because the numbers will be astonishing. Now I don't know if anyone mentioned before me, but you can always buy Bitcoin on leverage instead of getting a loan, but that implies that you have basic knowledge of how margin trading works. Remember that with margin trading you can lose your whole account if you don't know what you are doing. I wish you the best, man and may we cheer the glasses when Bitcoin will be at $1M!

Perhaps a better idea would be to get the loan but instead of investing it all in one go of $20k market buy, you still do your dollar cost averaging but accelerated. This means, instead of buying $500 per month, maybe buy $1000 or more per month but still spread it out over several months.

If the price dips, you buy more. If the price goes up, well, that was the idea, but at least you risked less than if you put it all in. That would then be a gamble.

Of course, if you had asked this 5 years ago, everyone would think it's dumb, everyone would tell you it's dumb, all the replies on this thread would say you are crazy, but if you did do it anyway, your $20k would be $2m now.

Already in this thread I stated my real life experience of taking loan and the suffering. Personally whatever the price might be, if you have something to back if unexpected market fluctuation happens then go for a loan. Because, in most cases people go for a loan emptying their pockets, so even small miscalculation make them suffer a lot in terms of financial protection.

That is not the best way to take loans and continue to buy bitcoin because there have been many case in some, many who take their loans and use them to trade and buy coins, but the results are not return on investment instead of having to pay the loan. Better with your own money, even though a little but no need to worry by others.

5-8 years of risking the money you didn't own. Its more than a gamble if you think about it risking much money that didn't came from your own wallet and work and money that you need to return with interest. There is no assurance that bitcoin will still sore up in that span of year, we can't say if bitcoin will die in few years you must expect the unexpected too sometimes.

it's better not to take out a loan to buy bitcoin because it's very risky. I have heard the story of someone who was poor then after hearing the rise of bitcoin in 2017 he was very interested in buying bitcoin. without enough knowledge about bitcoin and a brief thought that bitcoin is a way to get rich quick. finally he bought bitcoin with borrowed money. however what has happened to bitcoin has continued to decline since 2018 to its lowest point in early 2019, which is only $ 3k. of course he became stressed and confused how to return the loan money. until finally he chose to run away.

Generally, getting a loan just for buying Bitcoin is something I won't advice anyone to do particularly for someone with unstable income.
But in your case, I won't say you shouldn't go for because you mentioned that you can pay the loan with your stable income and alternative income.
Before you pick the loan, I suggest you tell yourself if you really want to do this, if Bitcoin go below 1k, you won't freak out as you will be paying for a loan even with the accumulated interest and no gain at all from Bitcoin. if you can visualize this pain and willingly to survive it.. Then you are good to go.

This will take you 40 months to pay the Loan?i afraid this is advisable because many things may happen in more than 3 years,what if you got fired or something emergency happens and you need to stop working?where will go take that 500$ monthly obligations when the price of bitcoin continues to fall?

The answer is NO never risk your future with loans,though we all believe in Bitcoin and we know how this can be in the future but we are not certain when this be happening and that is the risk of getting loan to invest in crypto

Try not to make this kind of decision for you own goodness mate,I have seen some post here about same situation and they are not in pain until this moment

You said you have a stable job and in a good company, I don't see anything wrong on that if, you think you can still keep something for an emergency so you can still keep all your coins in a long run, this will eventually pay off if Bitcoin get another all time high in the next two years, and besides this is an investment, however very volatile you should be ready to accept any eventualities even to the point of selling to cut your losses.

A very good tactic is when a person every month allows himself to allocate a certain amount from the money earned in order to invest their cryptocurrencies, while not harming the home budget, so as not to put himself at risk of being left without means of subsistence.  Of course, if we are talking about a person who lives in more developed countries and has not only a salary at his disposal, but also other assets, as well as profitable deposits, then he can always afford to invest in cryptocurrency at a more suitable moment in the cryptocurrency market.  But taking loans for investments in cryptocurrency is a stupid undertaking, because no one can predict the further development of events in the cryptocurrency market and how quickly a person will be able to make a profit and return the loan taken.  No one can argue that today it can be very profitable to invest in Bitcoin and its price in the future can again reach $ 20,000 or more.  But you need to take into account the fact that before Bitcoin reaches $ 20,000, it can again fall to $ 3,000 or in general, the time of a bull run can drag on for 3 or 5 years.  For a person who took a loan is too long.

It is awesome for you but I have some recommendation and some tips because your house is at stake, I mean your money. First, you should study and learn first about what do you want to do here using your money because there are lots of threats and techniques you should consider for you to be able to earn some money. Getting a loan is not actually bad as long as you are using that money for the right and perfect path. So if we talk about threats you should be aware of every step and decision you make because there are lots of scammers in here, so do not give trust to anyone you do not know unless they show you some good projects or recommendation on how you are going to earn. Just what I have said a while ago, you should study and learn, be aware. It is really a good decision to enter this kind of business because you can really earn here.

I don't recommend getting loans for buying bitcoin. Actually, I don't recommend getting loans for investing somewhere. It is risky and to invest something, you need multiple sources of income. You rather use loans to invest, this is not an income. When you get a loan, this wil surely affect you psychology and you may panic sell.

It's really the same thing as buying bitcoin on margin, right?  Many traders do that, and the wisdom of borrowing money in order to buy anything really depends on how much you're paying in interest and the potential of what you're buying.

If Op could borrow money for little interest, I would say do it.  I've been saying that now is the time to be buying bitcoin because there is a good chance it's hit bottom.  And if Op has a steady job and a good income, why not do it?  It's better than buying lottery tickets in my opinion, and it sounds like he can afford it.

Generally I wouldn't recommend borrowing money to buy crypto, because in most cases it's far too risky.  I've heard of people getting cash advances on their credit cards and paying over 20% APR on that, and that's stupid.  But if you can borrow money at, say, 5% and buy bitcoin with it...that's probably going to be profitable in the next few months I'd say.

Taking a loan to invest in anything is always a bad idea, only invest what you can and not from borrowed or loaned amount, if there is a rally you could earn the profit but the risk is really high as you never know when the rally would be and hence it is not a good idea to invest money that you do not own because if the market did not go according to your plan and the market goes the other way around you will be in big trouble and you will be forced to sell at a loss, so why the unwanted risk.

If nothing on our hand today, then, for me, I won't take risk to borrow money from a friend or thru a bank, let's not risk by buying Bitcoin today, as we don't know what will happen next, and the worst thing is when Bitcoin dumps and you have to repay your borrowed money, then in order to repay it, you have to borrow again and again, so it is not a wise decision.

Investing is difficult, and, in general, is not necessary once or twice. No one can guarantee profitability when trading on the exchange: neither we, nor the management companies, nor the exchange itself. Even if you repeat all the steps from the article step by step, you can not expect the same return. That is why, even though bitcoin looks extremely promising on long-term horizons, anything can happen in the world anyway and you need to understand all the risks that you take.

If I were in your position at least I would do it with good reason about beliefs regarding this matter. Basically you have a fixed salary every month at the company where you work and you have assumed the company is doing well, maybe we assume the company will be fine for a long time, so that is a strong reason for us to borrow money maybe at banks or wherever that does provide as many loans as desired, and at least guarantees will definitely be needed for loans like this. I guess that won't be a problem as long as we are sure and remain at the main goal of long-term investment in bitcoin.

Buying bitcoin to invest from loan yields is very risky because it is difficult to predict fluctuating bitcoin movements where the price of bitcoin can change significantly, and you have to think about the risks if your investment fails and it will frustrate you.
actually you can do it without having to borrow because you have a permanent job and if you have the intention to invest large amounts, you can collect a portion of your salary to reach the nominal you are targeting to buy bitcoin for you to invest.
invest in bitcoin don't be too hasty because you also have to do an analysis to buy bitcoin at the right time and choose a long-term investment is the best choice to get big profits.

No, I wouldn't. I don't like investing large amounts of cash into Bitcoin. Right now I'm accumulating but that's only with Bitcoin I earn through doing jobs rather than by investing my own cash, because there's an insane level of risk in it.

You would be stupid to jeopardize your financial security for the next three years and force yourself to have to live off beans on toast because you wanted to bet on a volatile asset. Bitcoin could easily drop to $3000 tomorrow and stay there for a year - that's over half your money shaved off, and I can guarantee 95% of these 'hodlers' on the forum who got into the community after Bitcoin breached 4 figures would crap their pants and panic sell in a scenario like that.

Do you think that Bitcoin can be that amount ? As per what experts saying, Bitcoin can bounce back immediately. Well, we don't know we'll what whales are actually planning, but if the price of Bitcoin will wall into that amount I would definitely buy again even if the money I will us is only from loan amount.

I don't see a reason why you would take a loan if you are already accumulating monthly unless you believe that there would be a short pump and you would take advantage of it.
But if it is just to add up on your long term investment then I think it is better to stick with what you are already doing.
It would only be great if you are 100% sure that the price would increase to maximize your profit.

It is definitely a very risky option to take a huge loan to cover Bitcoin purchase. I won't be very comfortable in putting such a large amount in to a very volatile asset such as Bitcoin. And that too using loaned amount. But if you check history, you can see that those individuals who took similar risk benefited greatly from the Bitcoin spikes of 2013 and 2017. So who knows? There is a good chance that the OP may get 10x or 20x returns from his investment. Afterall, it is his money and his decision.

This is very high risk, and I will not do it. For me, I will buy BTC from my personal salary, even though it is a small amount.  Borrowing Money to buy Bitcoin is not recommended, because buying Bitcoin is not a basic necessity in life. And my advice, use the loan money that you do to meet the needs of your life, do not buy BTC because the risk is very high.

Investing in Bitcoin with a loan would not be right. Because the Bitcoin market is volatile. If the price goes down it takes a long time to rise again. Then the interest on the loan will increase, and your tension will continue to rise. So, if you have some extra funds, it is best to invest in bitcoin. Not with a loan.

Normally this forum is not used to give investment advice and each person must make their own decisions knowing that this is a fairly volatile market, however, reading your data, in my particular case, I would assume that risk, because I really believe that Bitcoin is going to recover and achieve high values, in just 2 days more than $ 1,100 was recovered, going from $ 7,500 to $ 8,618 and this happens often with BTC, despite the ups and downs, its growth has been significant.

It is clear that nobody has a 100% guarantee of obtaining profits, but everything indicates that Bitcoin will once again overcome the $ 10,000 barrier and perhaps much more.

Everyone knows that there is a strong chance of Bitcoin exchange rates topping the $10,000 per coin level once more. But the big question is how long that is going to take. It may occur before the next block reward halving, or it can happen after the block reward halving (which is still around 12 months away). The investors need to calculate their risk taking ability, in case the prices remain stagnant for extended durations.

And from what I have seen during the last 7 years here, I would say that the past price fluctuations can never be taken to predict the future prices. This is a mistake that we made before. Every year, the prospects change and factors that affect the exchange rates also change. And when you are taking a heavy risk as taking a loan, then you need to think about it twice.

Investment is already risky, loaning some money will make it much risky. Crypto is volatile and it's hard to tell whether it will increase or decrease.
If this is OP really wants, and I think he already planned on how he can pay if ever he loans money, then he can go with his own decision.

I would also not do it. Especially not in the market we are actually in.
... Too much risk :-/

That's right a loan for bitcoin investment is a bad idea, when I first traded it had lost $ 1500. And the severity
I got the money from a bank loan. What happened was that I became panicked and stressed, finally closing the
loan I have to sell my wife's car. Then from that the risk is very big, I learned from that experience for do not repeat
again. So my advice is to use your extra money to buy bitcoin, or money that if lost is not problem.

not recommended for passive investors who are just waiting for the level of high-risk price waves, $ 20k is a very large amount. if bitcoin falls at a $ 1,000 price interval, it will make your monthly interest payments very heavy, and conditions could be worse. I also did it but at least I had to see an active profit gap from daily trading.

Loan to buy BTC is a really dumb idea I consider. How much we consider crypto to be the safest or reliable source of investment still, it is a lot of risky as the market is too volatile. Things here not always work as per one's predictions so, it won't be a smart move to risk your money. I would strongly recommend you invest only what you can afford to lose so that it won't cause you to regret in the future if lose any money...

I wouldn't suggest you to take loans for buying bitcoin. It makes you nervous that you are using loans and this affects your trading psychology. Psychology is everyhing while trading. You need to have solid nerves so that you can hold. Even if you are not considering to make trades, you are becoming a holder, long term investors. In order not for you to sell your bitcoins in panic sell, you should have some ways to prevent this.

yes that's very true, it's a very silly thing for us if we take money loans for bitcoin investments because we can't predict 100% of the bitcoin market price of course this is a very fatal risk, I think if I take a better money loan I opening a real business such as opening a shop or restaurant because with this business we can achieve our income at the end of the month.

I'd recommend against it. Aside from the volatility of Bitcoin itself, you don't know what life has to offer around the next corner. Taking out a loan for a high-risk investment could pay off in the future but in a state of emergency, you might wish you hadn't done that. It might affect your credit score and you'll be in trouble for a while.

This is not quite reasonable, invest what you could afford. You should happy with your current financial situation. Monthly buy 500$ is pretty good amount and you might consider it as a your future savings. Even bitcoin price back into $3K once again you will not face problems. Because now you are buying from your extra savings. Do not expect high return from bitcoin. It would not favour you always and you might be lose. When you will buy bitcoin with lent amount you have to return your lent amount with any cost on any situation. Life is very hard we don't what would happen on coming days. Just imagine you need huge money tomorrow for some treatment, you may get loan from somewhere. But if you default a loan then it would be difficult, incase if bitcoin dumped you can't sell it instantly.


So my suggestion is be happy with whatever you have. Don't be greedy, it would throw you to hell.

I think it is wiseable if we not use money from loan and only use money that actually we get. Because with buy little by little, you can see bitcoin price movement from time by time and then make any action from it. So you know when to buy or maybe when to hold. Although if price keep increased maybe you can get less amount of bitcoin. But it is only personal suggestion.

Billionaires who loaned money to start a business and becoming successful have their vision on how to handle things and hence we see them reaping profits and not by taking loan to invest in a volatile market as it can break you financially and destroy your life, so think before making any of these decisions, the realistic possibility to make money is when you invested when the market went down last week and if you would loaned the amount and invested you would have earned a healthy profit in a couple of days and returned the loan  :P ;D. You cannot be successful with instinct alone in a financial market.

I have been working on the cryptocurrency market for a long time and constantly meet a warning that the cryptocurrency business is a very big risk and you need to have very great knowledge and experience to risk it with your own funds.  Nevertheless, I also constantly meet complaints, the authors of which are trying to accuse someone of their greed, greed and lack of knowledge, which caused problems.  I think that the same story is with Bitcoin for a loan, because if someone puts his head in a loop for a loan, as a result, the loop will drag around his neck.  This is the law of meanness such.

You can loan to buy bitcoin but do not loan all your money for bitcoin. Make it balance so you won’t lose everything in case something happened towards your investment. Do not settle for inconsistency.

I believe that taking out a loan to invest in bitcoin is a risky business. I would only take out a loan if I could easily repay it later. Also, I would not take a long-term loan in order to have time to transfer, for example, bitcoin to other cryptocurrencies or money. Usually this helps me paydayinusa.com (https://paydayinusa.com/) with whom my friend has been working for a long time and now I am. I recommend everyone to diversify their money, that is, not to keep them all in one place, but to distribute them correctly in different assets.

Don't mess with loans. It always ends badly. Either there will be some unforeseen problems that you cannot imagine, or it will turn out that the price of bitcoin will begin to fall - in any case, you should not risk what you have. It is better to move forward little by little and not regret that you bought not so much bitcoins.

if I am in your position then I will borrow money to buy 2 BTC, I will repay it even though it is within 3 years, in my opinion there is nothing to be afraid of if you want to buy BTC because the price is quite stable and there is a very high possibility that the BTC price will rise  .  if there is a decline in the price of BTC after I buy it, there is nothing to be afraid of because I have additional income.

I once thought like you, loans can benefit from bitcoin for a long time.  because bitcoin is a good investment place.  and my salary is enough for a loan to the bank, but I discussed it with my wife, and we concluded that the loan is not a solution.  I think it's better to invest profit from trading for Bitcoin.  and that's in my opinion.

Agreed. Bitcoin is not some get-rich-quick scheme that you can throw upon a couple of hundred dollars and expect to profit in the span of a few minutes, if it has been like that I'd tell you a lot of people would've already quitted their jobs and gone full time crypto-trading. So no, the market is much more unforgiving as it seems, don't throw in money that's not yours or you'll regret it later.

it looks like you are doing a good move by buying Bitcoin little by little...
it is too risky to borrow money to buy Bitcoin, how do you know the future price of Bitcoin, while the interest on your loan continues to increase every month. buying little by little is much better than make a loan  just to buy Bitcoin quickly IMHO.

If I am in your position, I will double the 500 $ by trading in the short term. because short term trading is very profitable. Little by little, and the results are used for investment.

I agree that loans are not the best way to make a profit, will affect your psychologist who is burdened by market factors, everyone knows bitcoin is unstable so loans are not the best solution to make a profit.

What do you mean by people who don't understand the crypto market, they will lose.
There is clearly a risk that you will have to face it. If you want to be successful, don't be a coward.
everyone who is successful now dares to take risks. the downsides are obvious, but don't stop there, just keep going.

I wouldn't take a loan to buy Bitcoin. It seems to be very risky. You  don't know if the price goes up or down, so you can get a profit or loose some money.

If you have a stable job, you will be entitled to that loan on normal interest rates. If you take it against property it'll be lower still. Small businessmen often take loans at exorbitant rates from informal lenders. The rates can be as high as 2-4% per month. In comparison to those people, you are at a good position to risk this. Just one thing differs which is that you intend to just hodl in the hope that it'll double in price. These businessmen put it into ventures that they are sure will give them returns.

If you have a plan and risk-capacity to put that BTC to work and bring you profits, then you can take the loan. If you are only counting on the price increasing then, imo, its not a good idea. While we all want bitcoin to reach new ATHs, that 50K figure you cited is not going to be such a cakewalk.

Every investment is about taking risk. But with loan that's a different thing in all, personal I won't advice you to take a loan and invest in any kind of business or sort because the potential risk are high and full of uncertainties. It's always advisable to take it bit by bit for your safety.

All investments has potential risks, the level, or the intensity of the risk depends on what type of investment someone is planning to take on.
In my opnion, if you think the possibility of taking good profit from a particular investment is quite good, and you happen to have no money in that moment, then it will be fine to take a loan for it.
Though the risk is somehow doubled(because you need to pay for your loan later), atleast you are sure that you'll gain profit.

Just think about it for a million times before doing so.

Not because you have a stable Job meaning everything is really that stable ,since you have posted this last year now i will ask you what happens since the pandemic strikes worldwide?
how can you support paying for the loans if your company had some work problem?
i am not saying this happens to you but what for those who had loan also because they have stable jobs and then suddenly this Covid19 comes?
i will never risk my money by loaning without assurance of what will happen in future.
i trust Bitcoin really but not to the extent that there are need for loan just to invest.

Everything about business, risk must involved but it is your choice to take the risk  and see out come of the business if it's profitable or not. Investing your monthly salary on bitcoin is good idea than collecting loan to invest on bitcoin that you know is a decentralized which can pump at anytime and dump anytime without your permission in the market.
I think, is not good to take a loan to invest on bitcoin because it will be a double risk for you than using your physical cash to invest. If you fail to get the money back from the business it will collapse your business.

To anyone who is thinking this may be a good idea, never ever take a loan to invest in something.Be it Bitcoin , gold or anything this is the first rule of investing. You may end up losing the loan money and pay interest.

Couple of years back when market had fallen and there was more fear in the market, I took a big risk during that time. One thing for me was sure that bitcoin will not fall, or it is not a bubble where it may not rise back. Only thing that was not certain was a time. So, I took a loan from one of my friend for couple of months and had asked him that it is possible that you may have to extend it. He agreed and had invested that amount in bitcoin.  I did make little profit out of it and returned the money back to my friend with interests. So only if one has strong reason where you know certain things and can see the rise may happen then only taking loan is viable else better to avoid it.

I think you are too emotional and your enthusiasm, it will be dangerous for you
There are some things that humans don't know about, one of which is death
If I were you, what I would do is still make a $ 500 purchase every month this is less risky
this is the worst case scenario when you get fired, who knows? unless you are ready for all the risks that I convey you may be more daring than me

This is a risky business you're trying to trade, what happens to the $500 worth you're buying monthly?(greed). You can take the loan if you know you can pay it without any problem, whatever everyone tells you here still remains their personal opinions. If you don't pick one good one and use it it is meaningless. But I personally wouldn't advice you to do so, it is not different from applying for loans to play casinos.

At some point you'll have a thought to go yolo to take higher and higher risk once in lifetime ..

Such action to take loans is reasonable as long as you do understand the whole market situation.. the technical factors etc. Not just buying it blindly.
Never do that if it was for speculation purpose, you'll ended up in misery. That's the point.

The problem with your plan is that you can't dollar average, so you would bet on the current price.

An alternative could be to split the bet, take a loan with a 250$ payment schedule to buy BTC now, and continue to buy BTC bit by bit with the other 250$ each month.

I think buying bitcoin using a loan doesn't sound like a good idea at all, because invest in bitcoin is a big risk meaning if your investing what came from a loan that could just make it worst.

But your method might actually work, buying a big volume like 2 bitcoin at once is better than going to a 500$ investment in every month that came from your salary. Even though a small pump would be an easy profit if your going for 20k$ at once. At some point, you not really going to lose any investment if you're not going to sell your bitcoin if you're just going to hold your bitcoin for a long time, or maybe you could wait until you fully paid your loan that might be a big profit.

Still, investment is risky so there is still a chance that you could lose your investment if you stop believing in bitcoin or make a wrong sell decision.

True! There should always be a consideration or criteria to follow on when you do make up purchases if you do really aim for profits knowing that you are making some loan
which you should mind if that purchase or buying up bitcoin will really be worth on the time you had bought not just directly making out steps without even considering on
whats the current price you had bought in.Make it more worth and this does really required knowledge on when to do that.Taking a loan isnt bad as long you do
know the risk involved on bitcoin but since he does have a day stable job then having bitcoin in sideline wouldnt be a bad idea.

Basically, going for a loan to make investment with bitcoin shouldn't be a good move from those who understand the volatility of this cryptocurrency. Have seen some good fund manager who went to jail for money in their possession that went drained because of cryptocurrency volatilities. Though, the only route which is acceptable for me is when such investors would invest in Bitcoin for a long-term.

Yeah i do think its a viable idea. You would not starve or will affect your financials then i see no problem to it. Especially when Bitcoin is in Bullish stages, I do think that it will blow up in near 2021 because all technical indicators are pointing towards the upside especially the popular stock to flow model by Plan B. So you might take some little risk for great rewards.

This thread about the market price has been created during the starting days of October 2020. By the time the price of bitcoin was close around $11000. We can just make a calculation on the same. Let's assume OP has got a loan for 10% interest  which isn't available with most of the banks. For a loan amount of $22000 he needs to pay regular EMI of around  $710 per month. End of three years time he'll be paying around $3500 as interest.

Within the three years of time we can experience better growth with bitcoin for sure. Even a $1750 growth will make him own two bitcoin without debt end of three years. For me it looks like a good choice with some risk without which profit making out of cryptocurrency is hard.

Thread was created at 2019 mate and not 2020 so this means this is about 1 year old thread and things has changed year after.
but the problem is he has loan mate and need to pay then what about now?that the Pandemic ruin everything ?do you think he retains His job?i doubt it.

You are in the ideal situation right now when it comes to your current work. 20,000$ is a lot of money, the rate at which you buy satoshi is not that bad as you think it is. If I were in your shoes, I would consider possible scenarios that might happen that will hamper my consistent payment with the loan. If the loan procures interest when it is not paid in due time then I wouldn't take it because emergencies might happen that can cripple finances and even your stable job might not be stable the next day. Consider increasing the amount of dollars you buy for the satoshis or watch out for a price drop along the month so you can get a significantly higher amount of satoshi for the same price.

Why not ?
i am do it right now, but i am not hold for long time. I am play future with monthly target. So, i am not day trading. I will analyze first before making a transaction.

I strongly disagree with the thoughts of taking a loan just to buy bitcoins. Not because bitcoin is very volatile by nature, but because it is much wiser to invest with bitcoin with your own hardwork and money. No matter how risky the investment is, and whatever the results might be, its your own money after all and you don't need to worry about monthly amortizations and any hassle that a loan may cause. On the other hand, you stated that you have a stable job and a stable company, so you think you are confident enough that you'll be able to pay...but, please think about it a million times before you engaged yourself into something that you will only regret in the end. Plan, work more harder, save a lot and then invest. Don't be so in a hurry, every investment will take at the right time.

All investments have more or less risk, but the risk in cryptocurrency is very high. Just as there is a possibility of a sudden increase in profit, there is also a possibility of a greater loss. For example, in 2017-2018, the price of Bitcoin, which was in 2019, decreased several times; Which so far he has not been able to reach the price. What if someone had invested in borrowing at that time?  Just imagine. So I would advise, don't invest in borrowed crypto especially bitcoin. Invest as much as you can afford.

No, just don't. That's a slippery road, even if you're sure you're gonna pay it off, don't ever invest more than you can lose, it's as simple as that

Loaning to invest is not worth it if you are investing on some volatile market like Bitcoin. These investments can only go one way, either profit larger or being indebted deeper. Its always better to have a capital of your own since the decision will only be yours to choose and its always better to gain more money by your own money.

Loaning or borrowing money to buy or invest in bitcoin is a bad idea because it would only lead you to a much larger debts. Bitcoin is indeed volatile that it is hard to predict when will bitcoin's will go up or down, so there is no guarantee that you will earn money in bitcoin in a short period of time. It's better if you used your own money, even in a small amount of profit for you not to risk too much money in your hands.

Risky is always there even you use your salary money or the loan they have possibility to lose it so I recommendable invest moderately that you can afford to lose even the possible profit that will get to the bitcoin in the future is high we need to know the reality is not always that people earn by investing to this coin they have people lose all their money or most of their investment because also the bitcoin but better if you have investment to the bitcoin but you need to take a risk.

2 BTC is a large amount of bitcoin if you want to have this better to buy into an exchange OP stated that he has already a job and planning to buy bitcoin some of the exchange today requires to have a KYC verification for sure it's easier to you buying a fund like on this exchange. Loaning with the bitcoin is not preferable because it's a large amount of money instead why not buy when the market price of the coin is low you all know that the market of the bitcoin are volatile it's better to become aware.

It depends upon on how he will use it. Loaning can either have good or bad results. I know that it is still better to use your own money but that is the reason why he borrowed money right? To have some funds and make his money doubled or tripled. Loaning will always be risky but without taking risks we'll never learn and be strategic in terms of earning money.

For me it is not a good idea to borrow money to invest in bitcoin or any other investment platforms, if you have a stable job maybe it would be better if you take from your extra salary to invest and do not rush things to make huge investments immediately. Because if you borrow you will still pay the interest of what you owe, but what if you invested is from your extra income it feels better because you have nothing to think about paying in later on.

I don't think that loaning to buy bitcoin is a good idea, you are just putting yourself in a riskier situation, investing is risky, and when you lose you still need to pay the money that you have loan. I wouldn't do that ever, I will not take ao much risk in investing, I would rather save money first and use it to but bitcoin instead of loaning but it depends on the person, if you would affect so much from loaning a big amount of money then do it, it seems like you are a strong believer of bitcoin, I am hoping that you wouldn't fail for your decision.

If you are confident and strong enough to take the risk, then go on. But if you have doubts in taking loans, please hold back and think for a while...its not that easy to recover everything and deal with the stress of paying your loans if all else fail.

If I am in your part I will not do that to make loan and invest in bitcoin, that's too risky. It much better to invest from your own pocket and not from loan. But of course still, it's up to you if you are going to take so much risk in buying bitcoin from your loan. Just be careful and do some studies first on how to invest which you can avoid loses.

You really have a lot of confidence and I respect that, but I won't do it, even though I'm sure Bitcoin will continue to increase, I won't borrow money to buy Bitcoin because I don't have collateral for the people I borrow money from. ;D

It is not recommended and is one of the very risky things to buy bitcoin from a loan because of the high voting problem. I have made a loan, but with a predetermined maturity. If you are really able to make more money than the loan used, maybe this can be an alternative to making a profit when you have no capital reserves at all. However, if your trading skills are not that good, I suggest not making a loan, because it will only increase your burden and debt.

It's really not a good idea to make a loan and buy bitcoin. You will not earn from that and you lose for sure. I already tried before investing a small business from a loan and earned nothing, all the amount that I earned from my business is just enough to pay back to the loan shark. I think that is still the same here in crypto. Much better to invest money which is you can afford to lose and just your own money and not from loan.

2017 or 2019 has passed and now we know the situation in that year, but next year we don't know so don't be pessimistic, maybe next year we talk about the same thing in 2019 and 2020 we can do that. , but if I believe I am sure to borrow, just borrow as long as you are ready to take the risk, but if you are not ready to take the risk, don't borrow, and one more thing you have to do understand the crypto market and that must be understood.

Bitcoin price is not really predictable so its not really advisable to loan fiats to acquire bitcoin. If it was a  system that had static value I would have taught of it as a genuine idea. Bitcoin investment is really profitable but its not worth getting a loan for. I prefer you buy with the little you can afford and save your self the stress accompanied with debts incase it back fires

Wow! It's a pity such happened. On the flip side, why would anyone take out a loan when they can easily sell off their holdings and start a business they envisage. This beats me hallow. No business is worth imposing such a confidence in the way you promoted your confidence in Bitcoin. Remember that anything volatile can't be trusted with stability. This is what Bitcoin is. However, it doesn't mean it can't hit a fresh ATH and break the record of 2017.

@OP, I think you should take out that loan if the conditions you have described here in the OP of job security and all that are intact. With that you already have means of repaying the loan. It removes pressure of how to raise money to service the loan off your head.

Don't try to buy Bitcoin with borrowed money, especially loans from banks that have high interest rates.
Better to buy Bitcoin in small amounts on a regular basis, but according to our own abilities. Loan will only
add to the burden of your life, I never suggest anyone to buy Bitcoin with a loan. Trust me, borrowing money
will add new problems for you.

It's always better to lower your living conditions for a while, change the car for something cheaper or even a bicycle if you can and invest the money you have at hand than take a loan.

You should always decrease the risk if you can and taking a loan to invest is increasing it.

Most of us have unneeded stuff in the house and could technically get some money from friends and family. It's always better to do that because they will not demand interest and you can always negotiate with them. The bank won't agree for you to clean the place or drive kids of the CEO to school, but a friend might ;)

Honestly, I will. If so far we have paid off a lot of installments so that there is no more collateral every month and purely just to buy bitcoins, then I will borrow like you said. Something that becomes a risk is if you do not have other sources of income but even, you yourself are saying that the finances and the company where you work are fine. So what else is questionable, if you already believe bitcoin will increase and even though you will lose at least you are also prepared for the risk, then if I were you I would immediately borrow and buy bitcoin before the price increases even higher, because I think from now on the increase the price of bitcoin will continue until it hits the new ATH.

It is not uncommon for someone to want to borrow to buy Bitcoin. We know the risk we run when dealing with Bitcoin and crypto. But to meet the demands there are financial solutions such as Nexo, Crypto, Blockchain wallet and others where we can borrow at low interest. We just have to try, according to Nexo we can borrow from $ 10 without having to sell our crypto.

https://nexo.io/borrow (https://nexo.io/borrow)

No, don't do it. Bitcoin is a risky investment but if you are willing to anticipate the risk then it is possible to earn in bitcoin while having the loan.

Just remember know the importance on how and when to invest in bitcoin. If you wanted some tips then I think doing this stuff might do good in investing bitcoin.

1.  Buy or invest bitcoin when bitcoin market price is low. For now, it is not advisable to invest because of the current market we do not know what will going to happen with bitcoin for there is chance of bull run or another market fall down.

2. sell bitcoin when you think you are beating the interest of the loan you made. Do not expect too much abouy earning huge in bitcoin. Being greedy will let you lose more money in investing bitcoin.

The cryptocurrency market is high risk and no one can predict their future value. Cryptocurrencies are associated with technology, technology is always changing. Bitcoin can be a good investment, you can borrow money to buy Bitcoin but always know your financial ability. I used to borrow money to invest in the crypto market and I know the difficulties of investing with loans. In the case of a re-selection, I wouldn't borrow to invest because it was terrible. I have to work hard to pay off my debts while my investments are losing money.

Investing isn't bad, but if you can control your debt and don't let bad debt happen, it's great. Right now Bitcoin is forecasted to be in strong momentum and buying Bitcoin would be the right choice.
I fully support your Bitcoin purchase at this time. If Bitcoin falls in price it may not be too deep because Bitcoin is currently above $ 10,000 for a long time.

Bitcoin is a great investment but i still don’t buy the idea of loaning to buy bitcoin, it’s volatile and the price continue to rise and fall. The undisputable  fact about bitcoin is that it’s risky and loaning to buy it is not certain for profit.

Loan on BTC? Not at all I request everyone not to entertain such things because crypto is extremely volatile, I would say this is purely stupidity.

You cannot always expect only good things will happen in this, crypto has danger zone as well. Even if you get it in loan you have to pay the interest rates as well apart from that the installment amount has to be paid, which could lead your life in serious risk. So I would not recommend such stuff anytime.

Its risky as bitcoin is volatile and if market falls after buying then you will end up making loss in bitcoin and have to pay the interest and principal back if you cannot sustain after a certain fall. Though if the loan period is larger than you can still hold as bitcoin can bounce back and can rise but how much can be the holding period is uncertain. So quite a few conditions before buying the bitcoin on loans.

Yes i agree with you that someone should understand crypto if he/she wants to invest from the situation that he mentioned. Also must have a mentality to take risk and ready for everything. But still he should wait and monitor the market before he goes with such decision.

I think this is not a good idea to take a loan to buy BTC. Because buying BTC is an investment, when you invest somewhere you expect to get more than invested money. If you take a loan, you have to pay interest. The fact is, if you profit from investment for a particular time, your interest may be bigger than your profit. Then it will be a loss project. The other situation can be riskier if your invested project is lost then the loss of money plus interest will become a huge drop for you.

Many people never still understand how businesse work. The strategy is not working for you does not mean is not working for others . Someone who took that risk 2016 loan to buy bitcoin which everybody was looking at the guy as a foolish person to collect loan to buy bitcoin why not loan to start a good business that will be bringing him good profit every blessed day. The guy know it very well that business is all about risk either you gain or you loss. The bitcoin he bought with loan 2016 and later release them 2019 when the market is like hot cake gain so much that make him to pay his loan and start a good business that is fetching him money every day by day.

So many persons has written similar topics here, You need to understand that all this is your choice, Don’t seek for advice on it, because if the price of bitcoin happens to go lower from the initial rate you bought it, You won’t be happy, Do what ever you think is good for you, Look at the market analysis when to buy and when no to buy ok,
Bitcoin is a crypto currency it not a physical money.Do what ever you think is good for you ok.Bitcoin has a good vision but nobody knows when ok

I will mever suggest for anyone to take loans to invest on bitcoin with the hope of the price will increase in the end of installment period. Investing 500 dollars every month is already a good for long term especially for your retirement plan so don't take huge risks.

Although Bitcoin is volatile its still a good idea to invest on Bitcoin BUT it only must be done without borrowing money since it is risky because you might fall into deeper debt once you realized that you wont get profit from the investment that you  have made. Its only possible to borrow money without interest if you are borrowing from your closest friends since you know each other. Another thing we can do is earn Bitcoin without spending money since that is also possible.

I have never been in favor of buying bitcoin on credit.  And I wouldn't advise anyone to make such a decision.  This decision can be very suicidal.  The price of Bitcoin is never fixed.  I don't understand why you want to make a decision to buy Bitcoin with a loan.  If you have extra money, buy Bitcoin with that little money.  However, it is a small investment.  However, do not buy bitcoins on loan.  I don't think it will bring good results for you.

I would say no to this proposal. I know bitcoin is a good asset and can be a good investment. But the main reason is bitcoin is so unstable and price is volatile. You can't say where will be the price of bitcoin go tomorrow. So, I can't buy bitcoin with a loan. I will take the risk till it's my own money.

Bitcoin investment is pretty awesome but risky. And taking loans just to implement your plan in buying bitcoin is more risky as it may seems to me. However, if you are 100% sure and believe your capabilities in paying your loans whatever the results of bitcoin movement in the market, then you can probably proceed with this risky technique. I think I must called it twice risky. Because if anything went out negatively along the way, you will carry the burden of losing an assets and the burden of paying your loans monthly amortization which turned out into nothing. But, it's just a negative scenario of weighing things out if you will consider. Its still up to you to decide which is the right thing to do.

Bitcoin is a risky investment. Never invest more than you can afford to loose. If you don't have money to invest in, you shouldn't take a loan.

You're right. It is always good to risk your own money than borrowed money. I experienced personally in my life. I had little amount of bitcoin in my wallet, but I took loan to fulfill some home needs considering there'll be growth with bitcoin. My prediction went wrong and now I'm in debt paying interest. If I've sold at the right time I could've avoided debt.

I have a same experience like you. I took money from my close friend to buy bitcoin with 20% interest. But after 1month my btc was down and I had to pay him the money from my own pocket and also the interest. A bad experience. -_-

The price of Bitcoin which is difficult to predict and volatile makes it difficult for us to get profit regularly. While loans must be paid regularly,
so it is too risky to use borrowed money to invest in Bitcoin. Better to use the money that we can afford to lose to buy Bitcoin, so when the
Bitcoin price goes down we don't panic. Due to many events we invest in Bitcoin with borrowed money, the price of Bitcoin suddenly drops.
And finally we have difficulty when we have to start paying the loan installments.

some say don't use a loan for bitcoin investment, I can instead use a loan to invest in bitcoin, especially at the end of the year there is a big possibility that I will make a profit.

Bitcoin is anonymous and it’s wont be wise enough to loan to invest in bitcoin. There are lot’s to consider before loaning and the risks involve. The price of bitcoin will continue to rise and fall, though we are positive and optimistic about the price of bitcoin in future but that’s still remain an assumption because the market is still unpredictable. So would you want to loan and venture your seed into something that is still skeptical and the price is being affected by lots of factors.

Bitcoin is decentralized and volatile, its not centralized and  the price remains unstable as many policies around the world still  affect the bitcoin . Before loaning to invest in bitcoin you should know it’s not centralized and the price can be affected by pandemic, war, or even natural disaster. Loaning to invest in bitcoin still remain a risk.

But what if you don't make a profit. because you'll never know if bitcoin or other altcoins will go up or down. if you barrow a loan from someone else and invest it in Bitcoin and  it lost in in bear market. then what? you'll have to repay the loan anyway. otherwise you could face legal actions and consequences.  taking loan is only reasonable when you are 100% sure that you'll make profit and repay the loan out of the profit. and bitcoin is not for that.

Taking the risk is a tough decision to make since there are really no assurance to what will happened along the way, it's just your own guts that you need to

entrust your decision, taking loan to invest to this market needs a very good study as chances to grow still possible as well with chances of losing its value,

no concrete assurance since it's full of speculations, it's your call if what you think is right for your investment.

I think it's not bad loan for taking to buy the bitcoin. But it's risky game.Due to the market condition to take decision for loan to be very think in outs results in future. I hope you give the installment regularly from bitcoin earnings. I think so.

loaning a money is loaning a money no matter what time you do it .  it is now november and we are now verry close to the end of the year and on top of that the price of btc are also on the top , is that what you are saying ?

i cant say that loaning is bad because my family do also have an active loan but loaning is a headache especially if your salary were only small but in the position of the op he seem to be verry fine with his decisions because he has a solid background . he can easily get a loan with the amount that he was asking .

Although it is bad to take a loan think it is better to take a loan for bitcoin investment. Bitcoin is a very lucrative currency and it is possible to repay the loan by earning a double profit if the price goes up. other jobs there will be an alternative method you will have to take a loan depending on your income. At present big businessmen have established their business with a loan. I just want to focus on a few online money transfer services that personal use and this and other blogs are a great source of my monthly income.

This is natural everyone has his own choice and the answer is I believe to play in safe side .So, I will try to grow with the situation. As well as I have a stable job so I will invest in bitcoin but will also make sure to balance my regular life.

be very careful with this guys

watch this video, you have to take care of our btc

https://www.youtube.com/watch?v=hWO_P79XnNI

If I will be in your shoe, I would not risk that big. I mean, you are saying that it will not really affect you, but taking a loan just to buy bitcoin? You know that every crypto currency is having a volatile price, and you're not really sure what will happen next. But if I will be really in your position, I won't do it.

It isnt really bad to take up some loans but be sure that you would really be responsible on repaying them.No matter what the reason for the said loan then it shouldnt really be
on others business and just stick into what you do have in mind. If op did really make some $500 every month then pretty sure that he do make money as of this moment
as the price had clinged up already and we are already on $14000 price and how much more if it would reach ATH? It wont really be that a problem of repaying that loaned amount.
Of course theres also a risk when the price did go to the opposite way then its expected that it would really give out different result.

That is the reason why it is better to earn bitcoin than taking the risk to invest in bitcoin. Price is unpredictable. Invest from your own pocket which you can afford to lose. Loaning is not a good idea but a headache, if you can earn it, work for it.

You have different views I guess, considering that he's willing to take this loan believing that this investment will give him a great
chance to earn decent profits, it's up to him on how he fully understand the business.

We can't deny the fact that there are people who consider this venue of investment as great opportunities, though it's really risky
but if you succeed and you get to the right timing you'll be compensated.

It only works if you know the movement of the price. But when you have no knowledge about bitcoin specially with its technical analysis. Having a loan to trade bitcoin will become your big mistake in your entire life. If there are interests to be paid, I am sure that it would be a pressure to you to gain and bring back whenever you have losses. The best thing to do to buy bitcoin is from your own wallet. There are many loan defaulters because they think that bitcoin will give profits even when it comes from a loan.

There indeed other ways instead of taking up some loan and as mentioned we can really make up some work or task which we can potentially earn bitcoin without the need of investing with our own money
but rather just depending on the hardwork that we had done which i do see much more worth to do so but we know that not all does have the free time on dealing with it because some do have their own
day job which means they can just go full time with crypto jobs just because of that hindrance thats why when someone do look up some opportunities here on bitcoin market they do tend to rush out and making
up decisions that they would take a loan because they dont like to miss out the opportunity.It isn't really that bad but as mentioned above that we should be responsible on repaying it out.

We have our own personal thought regarding to the topic. As I can see, most of the people don't want to buy bitcoin when it comes to loan. Actually, you can obtain good or bad results with it. Good results when your bitcoin grows more than 20 percent but bad results when you lose on trade and paid for the interests. It matters upon the person that hold it. If he has the ability to survive the market with a loan capital then he can make it. But we have to thing that investing in bitcoin will put your money in a risk.

It is really a big step if you are really brave enough and are about to loan just to buy bitcoins . There are many things you should consider before loaning, you must think first if you are capable enough of paying it until your due.  Volatility of bitcoin and other cryptocurrency coin is another factor but ofcourse it is part of the risk that you are taking. If I will be in that situation I will not do it until it is really needed.

Bitcoin price is quite high now, so the risk is very high. As you have got a decent job and you are doing quite well, so there is no need to take too much risk now. So, instead of taking loan now why don't you wait for some time when the bitcoin price comes down again then you can take loan and buy bitcoin. Because the price will not remain high forever, it will come down again some time in future. So, wait for that moment.

It is UP to you man, as it seems that BTC has the potential to reach there and more even, it up to you to take the risk, you never know if it will stay up there or it will come down to even 8k or even less.

The price of bitcoin is unstable if you are good at monitoring the profit market on your part, but if you are not good at monitoring the market it can be either a profit or a loss.
Borrowing money to buy bitcoin is okay, but you have to be smart in the crypto world, because the money borrowed must be returned, but if you are not smart then you should not make a loan.

People take loans to buy less profitable things as long as they know they can afford to pay back, @OP according to your post you can afford to pay your loan back even if btc pric is still within your buy point, 

This thread is a year old but I think there are stories here lie this one OP had been sharing or telling us here. There are really some members here taking some loans just because they wanted to invest in bitcoin and earn. As we all know that bitcoin is an asset like gold and that could be valuable in exchange to fiat currency that depend on the demand for bitcoin. The demand of bitcoin will also determine the price of bitcoin. The higher the demand of bitcoins the higher market price it will reflect and others are taking advantage by owning bitcoin just to earn as time passes by and bitcoind demand is growing.

I think it is too another way to earn bitcoin by taking some loans. Yes loans have interest applied to it but I think it will be going to get paid by the profit that could be earn in investing bitcoin. Imagine that you are investing bitcoi  way back 2018 when bitcoin market is not that good and now we can compare that bitcoin is having  good market to which even the loans with interest could be paid by the bitcoin profit as it seems that bitcoin market now has been doubled or even tripples from the last market for those who bought earlier.

whats that less profitable things , investment assets ? im not against to the loaner that does that because they can still see thier loaned money and they can still expect a profit compare to those people that buy non valueable things or things that cant be used for investment but as long as they wont run the company or the people that they have loaned , no problem with that . here the op wants to loan to buy btc , isnt that more valueable than the two scenario that we compare . there are long term loans and that is suitable for long term yield like btc .

It is risky to loan for it to invest into a coin that has no insurance if you lose to get it back. If someone is taking a loan for investment, it can be difficult to repay because you don't have money and that is why you go for loan.

You say that "you will be paying this loan for about 3 years". Will you be paying it by lowering your lifestyle or you will just use to extra money you would have invested anyway?
I think you need to sleep on it for a few days, $20k is not a low amount and the fact that you can pay it only 3 years sounds a lot to me. Bitcoin is still a wild west with this violent swings. Don't forget that we're in a pandemic and things are worsening. Are you confident that you can keep your job if the COVID crisis persists for another 1 year?

I don't know how your portfolio is spread out aka what other investments you have and your overall financial status, but I wouldn't borrow this much. Maybe think about getting only a half or a quarter of that sum.

 Anything loan I don't get myself involve in any transaction. Using loan to buy bitcoin is like someone is adding fuel to fire because interest involved in loan is too big. Bitcoin can decide to go up or down.i don't advise anyone to use loan to purchase bitcoin in the market.

Its best to save part of your salary every month and then wait for the bitcoin price to go down because at 10k you have a risk that bitcoin will not go up immediatly and you will have to wait a long period and you will start panicking and sell at a lower  price.

You know, it is only uour personal choice what to do with your assets and money. And may be you are quite right in theory. But very often the scenario that we imagine in our heads appears quite another in yhe real life. I know personally people that tried to sell cars or something else in order to buy BTC and in such a way to earn more snd even to buy new car and so on. And circumstances changed and yhey lost assets, jobs, and opportunities to get back it again. So there is a risk to lose and it is high. You should think twice before taking loans and so on. The golden rule for investor - to invest assets that are not the last on your wallet and it is better to invest such an amount that you are ready to lose without any pain in your heart or headache 😉

Loan to buy bitcoin is not a good idea because investing in bitcoin includes high risk. What if you will  lose your bitcoin investment and your loan interest are still on and you need to pay it of course...instead of earning what if you lose. It's very risky that's why you need to think not only twice just to make sure that you have a right decision.

That is when you don't believe in the value of bitcoin. Actually, a loan to buy bitcoin is okay if you have collateral, just to make sure that you can repay the loan if ever you can't pay back on the date of your agreement. The idea here is loaning bitcoin when its price is accessible and low, meaning, you should still have an income from your job but you will just loan to have more funds to take advantage of the market. I can say that there will be more chances that you can pay the loan from the profit of your bitcoin it's bullish as Bitcoin in long term will be so valuable. Companies are already putting their backup funds to bitcoin, PayPal integration, and more market adoption will follow soon.

No matter the current favourable situation, taking the loan to buy the Bitcoin is no good idea.
First rule of investing is that you invest extra money that you don't need and not to invest money that you don't have.
Bitcoin is volatile and price changes, there is always possiblity that you will lose and not be able to return the loss or that will cost you a lot. So, always bare that in mind before making decision to take the loan.

Exactly!
Always remember that hindsight is a 2-edged sword: Looking back you will either regret 'missing out' - but still no harm or financial hardship created or you will be kicking yourself hard as you pay off your losses + interest...

Personally, I'd take the regret any day over the alternative.

Actually, it purely depends on your own view and how well you know crypto. But if I were you, I never think to get a loan for buying Bitcoin as it is too risky and no guarantee at all. Why don't you try to have the funds from the extra money you got from your job? You can set aside money every month to buy Bitcoin, right? I think it is more than enough if you want to have money for buying Bitcoin.

In my view, you only can take a bigger risk by using a bigger amount of money once you already experienced many years in crypto investment/trading. In this matter, you already know well how to invest/trade properly. But if you are just a beginner or have a lack of experience, you don't need a big amount of money. So, why you need to have a loan?  ;)

wherever regrets will come later, because they can not take advantage of the time that is actually available in front of the eye and can execute. but if you only continue to regret, of course there will be no benefit either, therefore you must continue to do ways in any way you can enjoy the increase from bitcoin, even with the smallest value prefix and then try to increase.

One of the most important things I learned is that when buying Crypto you never buy it with a loan (credit card.)   

If your loan goes down in value and you owe like double the original loan you are going to be in a lot of trouble.

If you still doing that 1 year till now then maybe you are making money just today because the value of Bitcoin climb up high again to 18k$ and that is enough to double your borrowed money now.

Or wait even longer because the next ATH is going to happen so stay Tune.

It is a matter of great fortune for him that the price of Bitcoin has reached around 18K, although I do not like to buy Bitcoin with a loan. Now he is able to earn several times more the profit of his borrowed money, so it would be wise to withdraw the profit money.

I do not agree with you to buy bitcoin by borrowing.
But for what has happened, it must have been calculated by you.
Maybe if I was in your position I would buy bitcoin with my money more than the rest of my life expenses in a month.
And henceforth I suggest not to buy bitcoin by borrowing money.

Even if I believe in Bitcoin I wouldn't take a loan just to invest on it.
I don't want to borrow money to invest if I would invest in something I want it to come from my own pocket,
If I couldn't afford it then I would save till I could finally be able to invest on it.
If you're going to risk money then do it on your own money don't be too greedy to borrow in order to have a higher profit because it could be the other way around.

Bitcoin is still rising in the market which is making other investors, think bitcoin will dump soon since the year is approaching and bitcoin started pumping since we enter pandemic that was causing other cryptocurrencies to reduce in the market.  Buy bitcoin with loan at this season, it will not favour you because this is the time to sell and make a good income. Since bitcoin started pumping which was causing other cryptocurrencies to reduce show that it can dump at anytime to cause some investors to lose their profit.

Not sure if the OP has done it or not, I say go for it.
A year ago I would have said definitely dont do it
but in life we do have to take risks, business do
it all the time, borrow to invest, ok the circumstances
are different.

We borrow money to buy cars! worst thing you could
buy with a loan but there are never questions asked.

I have already borrowed for Bitcoin!

To be fair, that "rule" is the bad "rule". If you aren't a rich person, then you'll never have a business if we follow that rule cause business requires high investment. That rule is probably good at gambling.  You succeed when you invest more than you can afford. Usually, the higher the risk, the higher the potential reward.
Loan to buy a bitcoin is a risky investment but again, reward is very high. If you get a loan for one year with 10% rate and invest in bitcoin, there are two possibilities: 1. Price of bitcoin will go down or stay the same, according to price, you'll have to pay invested bitcoins + rest of the money. 2. If bitcoin's price goes up, depends on the percentage, you may pay that loan and get 1x, 2x and higher amount of money.
1. If you've got $1000 loan in 2011 and bought bitcoins, you would be very rich. But if you've got a loan when the price was 20K, then you would be poor.

Risky act should i say but if op did really make such thing then it did really paid off since the market had risen compared to the price on where he had posted up this thread.
If he had able to do so then he's now making profits and might able to repay all of the loans that he had borrowed.This is the reward for those who do take the risk but
to say that i wont really recognize to be this a suggested act to be done because we dont know on what would happen ahead.If you do took loan and then
the price crashed afterwards then youre fucked up.

If you don't have to go hungry or lose your place, then you should definitely invest in Bitcoin. Currently, I am still making money every day to buy Bitcoin and implement a plan to hold Bitcoin for 10 years.
In 2020, many financial institutions of large corporations in the US have bought Bitcoin and held respectively. Certainly this investment plan must go through a lot of research by financial experts about the Crypto market. So their investment actions speak for themselves that Bitcoin is more worthy of holding than Gold.

despite looking in the past it can sounds as interesting opportunity... it's one of the most risk situation if there isn't a money flow each month from other sources. Plus during these days we have one of the highest values of bitcoin history, even small % could make a lot of difference for buying or selling.

You must be a believer in Bitcoin. I appreciate your thinking about Bitcoin to be very true when Bitcoin is very potential. But the price of $50,000 is very far and you should wake up. you can invest your money in Bitcoin by deducting a portion of your salary. In case Bitcoin is not good you still do not affect it too much. Because Bitcoin is unpredictable overnight, it can be rich but can also lose if we are not conscious.

I am a bit of 50-50 depending on the situation. The first question that you need to answer on yourself is that, do you know where you will put your money? Do you understand how it works? What are the risks?

Unless you are too good or had completed extensive research about bitcoin and the cryptocurrency as a whole, then the next step to take will be the security, how are you going to secure your bought bitcoins, in an exchange or offline wallet?

You can also trade it on short-term or long-term depends on your lifestyle.

But overall, as long as you studied everything, had some expectations and alternative plans if something happens, then definitely you are good to loan. But if you just loan and invest in cryptocurrency because you were hyped, you are very wrong and should rethink things.

Before borrowing money to buy bitcoin, we must think about the worst likely outcome. Because of my experience when one’s economic condition is still good or more than enough, we never thought the worst would happen. It’s like a pandemic. Suddenly people could lose their jobs, and businesses could be destroyed instantly because of the pandemic. We never thought that when we were in the top position, we suddenly went downstairs. And finally, we got caught up in the loan. I don’t want you to experience that. And can’t pay the loan.

Exactly,
Actually, I prefer margin trading, if you are a smart investor then margin trading is a better option for you instead of buying crypto by taking loan.
By margin trading, you can buy several times more Bitcoin than you can afford. It is several times more profitable than traditional crypto trading. It is as profitable on the one hand as it is risky on the other. Buying stocks at margins widens the impact of losses.

experience is the best teacher for us not to make mistakes over and over again, I really appreciate the advice you give.

but indeed if you borrow money, of course there will be risks that must be borne, but there are also those who, if you don't borrow, certainly can't do something. Everything now depends on the intention that will be done so as not to get trapped into things that might be detrimental, many also by borrowing they can succeed because they have experience in managing it.

You are true that life, no one can know in the future, but we must prepare ourselves from the beginning so that if something happens we still have savings so that they don't fall, but it is true that from borrowing there will be a risk that happens if something misses the prediction made .

Buying Bitcoin with loan money isn't a good idea. There is no guarantee you can take profits by trading or investing in Bitcoin. Even you are an expert, there is a chance for losses as well. I think it is much better if you buy Bitcoin with extra money. When you have it, it is the right way to buy Bitcoin. You must remember that "Use the money that you can afford". This is a safe way of trading or investing in Bitcoin.

If you did it when you wrote it you have made a great business. But if you didn't i don't think is a good investment with the current price

Although risk management should be put into play for this type of game, those with risk and not with it management shouldn't try getting loan for Bitcoin purchase. There was an attempt to get loan to make Bitcoin purchase sometimes 2018, but, the fear of the unknown has been the forces that broke my courage, I was having something I could have afford to loss if the system act hash than usual. This is not an investment advise but for anyone who want to get a loan should do that within his or her income, and that will be fine in Short period of time.

Anything would really have that risk and since no one can predict on what would happen in  the future then you should really be aware or do include this into your consideration when taking up some loan.
When you do able to handle out or can embrace the risk then its your choice but at least you do know the probabilities of losing of those loaned amounts that you had taken.
Overall i can say that taking some loan just for the sake of investment isnt bad but for this very unpredictable and volatile market then i cant really deny the fact that i would
really be ignoring this kind of option.If we can find ways on how to accumulate bitcoin with some task or lesser way of investment then that should be considered first.

Bitcoin is constantly moving, this makes us always guessing and will be happy with bitcoin. surely we all hope we all buy at low prices selling high prices but sometimes the reality is different but this is what blinds me to always guess and don't be afraid to do it, we just need to be patient and pray if there is an investment you just have to do, just monitor and money on Your workplace is still there for us to install, we just have to wait and enjoy the results later.

I agree that it is very dangerous to buy Bitcoin using borrowed money, especially loans from banks that have high interest rates.
Because Bitcoin price movements are unpredictable, after buying Bitcoin the price may collapse. Then we will have trouble paying debts,
my advice is to use the money that we can afford to lose. That way we will not be stressed if the Bitcoin price collapses, because we can
calmly wait for the Bitcoin price to recover again.

In general, I think it is not worth taking a loan from a bank to buy bitcoin, as anything can happen in life, bitcoin may collapse one day and you will have a loan, let's say you pay off the loan and don't lose anything, but think that you could invest this money in another area and for all this time to earn

Loan is not answer because it will gives you stress why? Because you need to pay the interest and most some of them offer loan but the percentage is high. You can invest to the bitcoin if you want but not using your money in loan.

There is a lot of people who use the money they have even a little and the others save money everyday to invest to the bitcoin and they earned profit. You do not need to loan a money for investing to the bitcoin because they have good ways for you.

The price will suddenly rise and when it goes down it will make our hearts feel dislodged, so before you try to borrow to buy bitcoin you should think first because you will depend on a very, very large risk in my opinion, but it all depends on you, applying for a loan and paying very large interest, it is very, very not good for your finances ..

A loan is always a big risk, if you know something about the price of bitcoin at the end of the year or at least by the end of summer 2021 - please share with us, everyone will be interested :) As for the loan specifically in your case, it sounds optimistic that you have stable earnings not related to cryptocurrency and relying on it, you can easily service your loan, even if your idea is not successful. I wish you good luck and ask you to describe your experience in this topic later. 1) how much money was taken 2) how much and what they bought 3) at the end how much they received net profit. Thank you in advance!

Op, if you took a loan then you were just lucky that the price of btc rose high, else if the tables would have turned the other way, you may have to pay that loan out of your pockets. This is a speculative asset which can go either ways and taking a loan to buy it is not worth it because if you are stuck at some point like lose your job, then it will become a burden for you to repay ahead.

Hello everybody. If I were buying bitcoin spending $ 500 a month from 2019, now at current exchange rates, that's a pretty good amount. If you took out a Bitcoin buy loan in October 2019, you would make a fortune today. Based on today's reality - today I would probably take out a loan to buy bitcoins - but I would not buy at today's price, I believe that the price should still fall to about $ 46,000. I understand that one of the main rules of the cryptocurrency market is not to take out loans to buy cryptocurrency. But being confident in the upcoming growth of bitcoin, it is very difficult to refuse credit, which, taking away most of your daily income, immediately makes you the owner of a large amount of digital gold. In general, the cryptocurrency market is one huge temptation, but you need to discard all your rash desires and make decisions only in cold blood.

In my personal opinion, it is not a wiser decision to buy bitcoin through taking loan. It is not sure that the price of bitcoin will increase only. Sometimes you have to pay loan from you pocket if price goes down. So try to buy bitcoin with your own income and it is much safer than taking loan.