Loan to buy Bitcoin?

[malikusama]

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?

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.

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[bhabygrim]

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 .

[bitcoinposts]

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

[Lucas*]

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.

[Upgate]

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

[abel1337]

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.

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.

[Youghoor]

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?

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....

[mr3dds]

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.

[Velkro]

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 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 .
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

[Lhaine]

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.

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 .

[JeromeTash]

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.

[alexsandria]

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.

[STT]

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.

since I still have another source of income.

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/

[Lalafell]

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?

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. 

[BartS]

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 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.

[k@suy]

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 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.

[jossiel]

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.

[legok]

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 ...

[Kelvinid]

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?
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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 ...

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.

[Zionatin]

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?

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 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.