Loan to buy Bitcoin?

[nicecrypto]

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.

[7788bitcoin]

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,  

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.

[senin]

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.

[lighpulsar07]

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

[aysg76]

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...

[karanggatak]

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?

[bitzizzix]

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.

[STT]

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.

[trumpman]

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?

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

[The Cryptologist]

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?

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.

[hulla]

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?

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.

[posi]

borrow money for bitcoin investments? You do something very stupid, at your own risk. In terms of cryptocurrency, in general, I can say with certainty that they will come to a bad end.

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?

[jarhed]

borrow money for bitcoin investments? You do something very stupid, at your own risk. In terms of cryptocurrency, in general, I can say with certainty that they will come to a bad end.

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.

[Genemind]

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.

[Oceat]

borrow money for bitcoin investments? You do something very stupid, at your own risk. In terms of cryptocurrency, in general, I can say with certainty that they will come to a bad end.

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?

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.

[Meowth05]

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 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.

[Palider]

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?

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.

[Fredomago]

Uhmm no, OP don't do it. I won't do it if I was in your position unless I would love to build a large business out of that which is kinda the common use of loans.
Even if it is a non-crypto related, avoid loans if it is not needed in the first place.
Buying crypto with a loan would pose a double risk for you, not just for the Bitcoin price but also for the loan you made.

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.

[coin-investor]

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.

[STT]

^^  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.