If someone buys gold on loan, then to me it seems more of a hassle than a profit. Because, the price of gold increases slowly. Usually on average 3-7% per year. On the other hand, the interest on the loan can be 8-16% per year or more. In this case, there is a risk that the cost of the loan will be more than the profit. It may not be possible to hold gold for a long time due to the pressure of the loan.

JayJuanGee Sir, what you mentioned that perhaps some people have used loans is very true. But their method may be different. It may also be that they have taken the loan from someone they know. The acquaintance may not take part in the interest or profit of the loan. Or it may be something different.


JayJuanGee Sir, maybe my statement did not sound convincing to you. The main purpose of my statement was to explain that the risk level in investing with debt is so high that if the market goes in the opposite direction at the wrong time, it can seem like a death sentence for the investor. However, I admit that sometimes there can be a possibility of opportunity in investing with debt. It is like light and shadow. Just as light creates shadows, bad things hide behind good things. Bitcoin has been providing opportunities to investors for more than a decade. It will continue to provide opportunities to investors for many decades to come. The real goal of Bitcoin is not to jump into risk blindly due to the hunger for quick opportunities and dreams of profit. Rather, by prioritizing one's basic needs. Long-term investment with extra money can be the success of all of us.

Have you noticed one thing?

Seeing the Bitcoin reserves of so many countries, the issue of gold reserve countries in history became clear. At one time, people used gold only as jewelry. Then gold started entering the state reserve. And almost all countries reserve gold as a strategic weapon to control their economy. In the current digital era, Bitcoin is walking the same path.

I think that after a few years, the competition of who is keeping how much gold in the reserve will be replaced by the discussion of who has been able to keep how much Bitcoin in the reserve.

However, one thing is not clear, if a country directly tells the amount of Bitcoin in their reserve. Will they be at risk of security?

Julien_Olynpic Sir please clarify a few things.

Can we, who are Newbie Members, vote and participate in the poll you created? Or will this poll be only for seniors?

Honestly, I am not very old here. I have studied and understood a little about CHAMBY TOKEN. Personally, the reason why I like CHAMBY TOKEN is that it is behaving like the beginning of BITCOIN. I can guess a little, if I am not wrong, CHAMBY TOKEN will make history in the future. In order to contribute as a witness to that history, I would like to know how the process of using CHAMBY TOKEN is.

Julien_Olynpic Sir, please tell me the above things.

Many people are thinking of adding Bitcoin as a payment in real life. As tuition fees, medical expenses or travel expenses. The idea seems interesting to me. This will make it easier for international students who have gone to study in another country to send money quickly and cheaply in times of emergency. You can avoid the complications of banks.

In my opinion, if an institution accepts Bitcoin for important expenses like tuition. And you are also willing to pay the tuition fees through Bitcoin. Then there is no big risk in it.

However, I think there is something to understand here.

You think that if you send 1 lakh fiat Bitcoin today, the tuition fees will be paid. But tomorrow, if the price falls due to the volatility of Bitcoin, that amount of money may not be enough. Or if the price increases, it may be your regret. This is also a kind of risk.

Finally, I would like to draw the attention of experts to add what other risks you think there are.

I agree with your analysis. Waiting is not always the right strategy as a new investor. You mentioned that it is really important to get out of the no-coin zone very quickly. But this may not be acceptable for everyone. Because everyone's earning capacity is different. Again, everyone's needs are different. Those who basically spend 80 percent of their income on basic family expenses. If they start investing without creating an emergency fund and suddenly their expenses increase and they fall into a financial crisis or disaster, they will not be able to maintain their investment. This will not maintain the long-term normal rules of Bitcoin. If they cannot maintain their investment until their desired time, they will suffer more financially and mentally. And Bitcoin investment rewards those who can maintain their investment for the long term.

Bitcoin investment does not mean that you should immediately abandon everything and focus only on investment and take a share of the profits very quickly. Rather, I think that knowing the right strategy or making the right decision to maintain that investment for the long term is the most important thing.

Most people agree that borrowing to buy volatile assets like Bitcoin is risky. What I will add is that first, investing with debt is like buying a lottery ticket. You have to win it before you can repay the loan. Then the natural rule of holding Bitcoin for the long term does not hold. Your mind is unstable, when will the price of Bitcoin increase and when can it be sold. Sometimes the lender will pressure you so much that you cannot hold it for the desired period of time. This damages your financial condition as well as your mental health.

Secondly, Bitcoin is compared to gold as a store of value. Which is what almost everyone compares. But have you ever seen someone buying gold with debt? Actually, no one does that. It seems completely unreasonable. If we consider it unreasonable to buy a stable asset like gold with debt, then taking a loan to buy a volatile asset like Bitcoin seems even more unreasonable to me. What do you think?

That's why my personal opinion would be that Bitcoin is a technological opportunity that will create opportunities for many generations. So it's best to take the time to build up an emergency fund and gradually enter the Bitcoin market with the extra money.

In fact, those who are really smart Bitcoiners or those who are very experienced in Bitcoin. In my opinion, they will never want to unnecessarily discuss Bitcoin and associate others with Bitcoin. And Bitcoiners will not tell others to invest in Bitcoin directly. Because Bitcoin investment cannot always be done in the field of investment. To get something desired from Bitcoin, long-term investment, discipline, and trust are needed. Which new users do not always have. Seeing the instability of the market, new users buy and sell in a hurry. As a result, they suffer. Even if the experts teach the new ones this matter, the new ones cannot have faith and patience. That is why the experts think that discussing Bitcoin means putting the new ones at risk. Moreover, discussing Bitcoin directly also risks their own safety.

 However, in many cases, it is seen that after meeting family expenses, a lot of money is left in reserve. They come to know about Bitcoin on their own with interest. This is actually a good thing, it means that they are mentally ready. However, in that case, there is no need to advise them directly to invest. Rather, they should be taught patience, discipline and practical experience by discussing with them. They should be made aware of the good aspects of Bitcoin as well as the risks. They should not only be told how to hold it for the long term, but also about being mentally prepared in advance for the fluctuations in the market. They should be made aware that if they do not take proper security measures, part of the profit can be lost instantly. The most important thing is that Bitcoin is not a quick shortcut to get rich.

The main thing is that experts never discuss Bitcoin on their own. However, if someone wants to know with interest, there is no need to directly ask them to invest while introducing them to the knowledge about Bitcoin and the market.  Just discuss it and leave the decision up to the person.

Personally, your point is very important to me and it makes me think.

In the old days, gold was used as money, and those who had more gold had trade influence. Now Bitcoin is showing that reality in digital form.

  Those who hold a lot of Bitcoin or whales may be able to temporarily shake up the market. But the reality is that in the long run, whales and the Bitcoin network are weak. The beauty of Bitcoin is that no one is too big for the system. No matter how much they hold, they can't centralize the community if we all don't want them to.  Rather than looking at whether there are whales, we need to be careful about how strong the protocol is. So that they can't change the rules.

I agree with you that there have been many times in history where governments have printed a lot of money in the hope of small profits or played with the value of money. As a result, the economy there has collapsed. Venezuela is an example of this at the present time. Their fiat currency has become worthless simply because of printing more currency.


However, there are some problems here, the very rapid rise and fall of the price of Bitcoin, which is also a challenge for the government to reach. However, this is exactly what El Salvador has done. It has faced difficulties as well as advantages. However, forcing the government to accept Bitcoin is not the real strength of Bitcoin. Rather, if everyone uses alternatives together, the government will also be more responsible in the fiat currency field over time

The thing that comes to mind for Bitcoin investors in all situations is to keep themselves completely safe financially. Along with the hunger to take advantage of the opportunity when the market falls. Then they think of taking a loan to make the most of the opportunity. Investing with a loan seems like a wise thing to them. But even though investing with a loan may seem wise, in reality it will make you stressed and mentally distorted. You may think that you can pay off the loan slowly. But our lives do not always follow the same path. There may come a time when expenses will double instead of saving. And income is not always the same. As a result, the investor may lose interest due to the pressure of paying off the loan. Many people think that I will invest with a loan and then the return will come very quickly. Bitcoin is not such that the problem will be solved very quickly. Bitcoin will grow in its natural time. Rather, by doing that, you are adding to the pressure of paying off the loan. This is not actually the principle of Bitcoin. Rather, it is a big decision to know when you have to stand still.