would u open a loan to buy the dip?

[PlusOne88]

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

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

[crwth]

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

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

[royalfestus]

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

[Dreamchaser21]

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

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

[eternalgloom]

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

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

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

[unusualfacts30]

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

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

[emberbekas]

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

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

[Onuohakk]

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

[MFahad]

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

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

[Firefox07]

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

[Crafty919]

Not even worth it imo

[semobo]

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

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

[GreenProfit]

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

[sudeshkumar]

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

[bitfocus]

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

[Nnedaddy1]

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

[michellee]

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

[marjil]

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

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

[kucritt]

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

[akram143]

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

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