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sapnu
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December 16, 2020, 02:54:40 PM |
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It is too risky to loan just to invest it into cryptocurrency. Investing is not like doing business that you can gain your money too fast just by making effort and giving your time. Investing is not that easy to do, since the value of bitcoin is volatile, meaning the price is not that constant, it is changing time by time as there are some transactions happening, every transaction in the world has an effect on the current price. But maybe if you have a portfolio that will guide you to do trading, maybe that will help you to succeed. But still, you need to study and learn constantly because digital money is also innovating and every project are changing as time passes by.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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so98nn
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December 16, 2020, 03:34:11 PM |
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As everyone stated here, it's risky business to loan something and invest into more riskier market. I mean the logic ends here. What would you do if you don't get interest amount returned on time then you will have to pay that from your pockets first. Moreover, you do have loss into crypto investment, then you will have to worry about the principle amount of loan and it's repayment.
This is the problem here mate, you will need to overcome lot of amount before you can turn it into nice profits. It's better to invest something that's not needed by you. For example, its very ideal to invest portion of your salary, or another income which is not required by you or its extra for you after all your expenses.
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iv4n
Legendary
 Offline
Activity: 3136
Merit: 1172
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December 16, 2020, 03:39:28 PM |
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Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?
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cryptoboss2020 (OP)
Member
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Activity: 322
Merit: 14
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December 16, 2020, 04:16:14 PM |
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Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?
Per my check 30k very soon The exchangers are Short of btc Huge demand and a lot Capital. |
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iv4n
Legendary
Offline
Activity: 3136
Merit: 1172
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December 16, 2020, 07:54:47 PM |
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Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?
Per my check 30k very soon The exchangers are Short of btc Huge demand and a lot Capital. In some talk with people who are deep in trading I got a feeling they expect a drop, and not just a drop, they are talking about 12k, there is some resistance/support! They have some arguments, but it's like gambling, they are not sure in anything, they just believe in the best outcome for them! This is a crazy time, this rise doesn't have some solid reasons, some people calling it natural as it has to come, and there will be no more drops. Others (like me) thinks that this is some top and that we will experience some drop! What will happen nobody knows, arguments here are not working, literally anything can happen! After all I don't care too much, I chose crypto! With drop or rise I am in crypto! And time is closing up, people will have to choose in what they believe more! |
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cryptoboss2020 (OP)
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Activity: 322
Merit: 14
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December 16, 2020, 08:41:26 PM |
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Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?
Per my check 30k very soon The exchangers are Short of btc Huge demand and a lot Capital. In some talk with people who are deep in trading I got a feeling they expect a drop, and not just a drop, they are talking about 12k, there is some resistance/support! They have some arguments, but it's like gambling, they are not sure in anything, they just believe in the best outcome for them! This is a crazy time, this rise doesn't have some solid reasons, some people calling it natural as it has to come, and there will be no more drops. Others (like me) thinks that this is some top and that we will experience some drop! What will happen nobody knows, arguments here are not working, literally anything can happen! After all I don't care too much, I chose crypto! With drop or rise I am in crypto! And time is closing up, people will have to choose in what they believe more! yes it could happend but then will go back up again the thing is the buy pressure are too high exchnagers are all ready short of the bitcoins. and more money going in USDT and keep pumping there is shortage of bitcoins and this is the main issue and belive me 20k disscount price for bitcoin. but some shaking to shake off the weak hands can heppend yes but in fact we are in bull market. |
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acener
Full Member
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Activity: 1274
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★Bitvest.io★ Play Plinko or Invest!
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December 16, 2020, 09:11:11 PM |
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Well it could be a good one since the money wouldn't be all gone even if we experience a correction or the price drops down.
But wouldn't it be better to only invest what we could afford?
I don't hate the idea since it is for something that could give people a brighter future but it could also be a waste for them if they would just lose the money when the market crash.
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Twentyonepaylots
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December 16, 2020, 11:12:00 PM |
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Hi, here in this forum, we can never emphasize enough how important the peace of mind of being debt-free is. And if you are downplaying that, because you have ways to earn money anyway, then I have bad news for yiu. Investing is much like gambling, only it is more legal, and you're shown the ways and the cards all at once. And you wouldn't file a loan just to gamble right? Loans are cheap in my country too... but BTC is breaking records! Loan is just one of the ways for getting some cash (for buying BTC), but is it a good time for buying!?
I can be only honest here, I didn't believe we will see 20k this year! I thought 16-17 was top, but we went to 19k, I thought ok this is the top, and look what's happening now!?
BTC is over $20.5k! So where are we going from here?! To expect to rise even higher, or we will see some drop!?
It is a good time to buy but it is never a good time to file a loan to buy. It is important that you make that clear distinction between the two. Bitcoin might become profitable this year but remember that loan you will bw filing for is gonna taks you a year or two to get paid off. So weigh your decisions out. |
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Casdinyard
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December 17, 2020, 04:29:21 PM |
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Not a good idea. You'd probably end up with huge debt from doing so. Investment has risks and making a loan will require you stability in order to pay for it. Profit is indeed good from investing to this technology but it won't give you certainty for sure. The market price of Bitcoin is volatile which should be enough to tell that this won't be a good idea because it would result to a gamble. If the market price will continue to increase, then that would be good. But things don't occur in this industry in such way. There is always a tendency for its market price to fall which could result into profit loss, obviously not a good thing if you will rely on the profit from such investment to cover up your loan. In my point of view, money to invest is also money you can afford losing. This mentality will save you from regrets and frustrations.
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thesmallgod
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December 18, 2020, 01:07:21 PM |
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I don't understand what you mean by loan being cheap probably because of the low interest and lengthy period given to pay back loan but no matter how good it is, I will never encourage anyone to take loan in investment in bitcoin because it is totally wrong. You can't afford to put in something you can lose within few hours. Probably you were not here in the past when the crypto blood birth started. When people lose money, it causes a lot of depression and even death. Most investment firm that give loan sometime require collateral before you are given irrespective if the interest is low. If you can't pay back, you might lose your asset and also put your guarantor in danger of also having to payback the loan they didn't take
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tabas
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December 18, 2020, 07:52:34 PM |
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Do you think that will work for you if you do day trade? there's a bigger chance that you might even be liquidated. I would do take loans to have a property and have it rented to pay itself.
But won't loan for bitcoin. I'll choose to do it freely without having any obligations.
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MCobian
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December 18, 2020, 10:01:49 PM |
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I did the idea in 2017, by borrowing $ 1,400 from the bank. Then I use the money to buy Bitcoin, then what happened unexpectedly.
It turned out that the price of Bitcoin was dumped in 2018, so I was forced to cut losses. Which in the end I suffered a sizable loss,
because I used borrowed money to invest in Bitcoin. So from my experience it is very clear that using borrowed money to invest
in Bitcoin is a bad idea.
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cryptoboss2020 (OP)
Member
Offline
Activity: 322
Merit: 14
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December 18, 2020, 10:08:21 PM |
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I did the idea in 2017, by borrowing $ 1,400 from the bank. Then I use the money to buy Bitcoin, then what happened unexpectedly.
It turned out that the price of Bitcoin was dumped in 2018, so I was forced to cut losses. Which in the end I suffered a sizable loss,
because I used borrowed money to invest in Bitcoin. So from my experience it is very clear that using borrowed money to invest
in Bitcoin is a bad idea.
Its not Bad idea if you dont put all the money in bitcoin you borrow the money in case there is big market drop. So you borrow the 10k After each dip you buy with 2500$ Its called scaling. But we had Economic opening usually times like this 3 months of bull run, well there rules how it all works nothing random so you smart take advanced of it |
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smyslov
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December 18, 2020, 10:19:05 PM |
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There is no signs that Bitcoin will slow down! The risk/ratio reward telling that If the loans are cheap with low% its good to invest in risk assets like Gold btc and even property. Even better If you can do day trading swing or intra day even you make just 1-3% daily. If you have job and income and money to borrow its cheap now its not bad at all  There is no sign for now but you can't be sure that the market will always go up, the market is still volatile, there is still no guaranty that it will not go down, the saying that only invest what you can afford to lose still applies to the Cryptocurrency market, it's risky but it might become profitable if you know how to play the game. |
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tvplus006
Legendary
Offline
Activity: 2296
Merit: 1655
To the Moon
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December 18, 2020, 10:54:03 PM |
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There is no signs that Bitcoin will slow down!
The risk/ratio reward telling that If the loans are cheap with low% its good to invest in risk assets like Gold btc and even property...
Even if it now seems improbable that the price of bitcoin can be adjusted for several years, this option is still worth considering. Therefore, in any case, taking credit money to buy BTC will be very risky. The correct option would be to sell something unnecessary in order to invest the money in BTC. |
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dunfida
Legendary
Offline
Activity: 3080
Merit: 1130
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December 18, 2020, 11:30:55 PM |
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There is no signs that Bitcoin will slow down! The risk/ratio reward telling that If the loans are cheap with low% its good to invest in risk assets like Gold btc and even property. Even better If you can do day trading swing or intra day even you make just 1-3% daily. If you have job and income and money to borrow its cheap now its not bad at all There is no sign for now but you can't be sure that the market will always go up, the market is still volatile, there is still no guaranty that it will not go down, the saying that only invest what you can afford to lose still applies to the Cryptocurrency market, it's risky but it might become profitable if you know how to play the game. It all matters on how you do accept the game if you dont know or not really that accepting the risk involved then this isnt really for you. When it comes to taking loans then you should be obliged on to pay when the due date comes neither you had profited into your investment or not and that what matter most on where you should be responsible on repaying to those money you had borrowed.In general sense, investing with loaned money is really risky because you wouldnt know if you do gain up but sticking with bitcoin? This can give out somewhat some assurance specially in longer runs. |
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harapan
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December 19, 2020, 10:55:54 AM |
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although getting a loan with a very low% still it is very risky if you have to invest in bitcoin because big changes can happen quickly, it's better to use free funds
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AicecreaME
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December 19, 2020, 11:08:46 AM |
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I don't think it’s a good idea to loan money just to invest in bitcoin. As you can see, bitcoin’s price is volatile. Its value might be booming right now, but eventually it’ll go back to its usual price. If ever you’ll buy now, you can’t sell it right away just to pay for your loan since it’s not guaranteed to increase that easily. In addition, if ever you’ll sell it that fast, you’ll just generate a very small profit in return. And you don’t want that. You will surely aim for more resulting to higher loan interest in the long run.
It’s not really that practical in my opinion. Better invest your own money intended really for investing than borrowing just to invest because there’s no 100% assurance that your money will double its price overnight. You’ll just lose money paying the interest as time goes by while waiting for bitcoin’s price to hit the desirable value.
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taufik123
Legendary
 Online
Activity: 2520
Merit: 1721
airbet.io
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December 19, 2020, 12:23:57 PM |
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I did the idea in 2017, by borrowing $ 1,400 from the bank. Then I use the money to buy Bitcoin, then what happened unexpectedly.
It turned out that the price of Bitcoin was dumped in 2018, so I was forced to cut losses. Which in the end I suffered a sizable loss,
because I used borrowed money to invest in Bitcoin. So from my experience it is very clear that using borrowed money to invest
in Bitcoin is a bad idea.
Your experience is a real example of how you make a loan to invest in bitcoin and suddenly bitcoin has a very deep price drop. You still have to return the money, including the interest charged by the bank. It's a very risky choice. It is better not to use borrowed money to invest if you are not ready to return it and do not fully understand a good and correct investment strategy. Use the money you have now, the money you save because it's better. You can invest any amount you want. |
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n0ne
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December 19, 2020, 05:05:58 PM |
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The market is bullish, by this time borrowing and making an investment isn't the right choice. When we are sure of further growth we can take risk and invest, but if the market goes down same as that happened with the previous bull market then the user will be in heavy loss. To reap the profit user needs to take risk investing on the right asset and at the right time period.
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