jaysabi
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★777Coin.com★ Fun BTC Casino!
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December 19, 2020, 05:31:48 PM |
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And what can Go wrong? Its just money If I borrow from bank its created out of nothing so If I loose it then it was just bad business. Nothing personal just business. But the rewards will be so great!! And banks now giving out nice money Lol, what goes wrong for the economy as a whole is not much. What goes wrong for you personally for defaulting on a loan is much more severe. Bankruptcy, seizing of your other assets to pay the loan, etc. The rewards of borrowing money may be great (not will be great) but the damages for reckless behavior may also be great.
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Reid
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December 19, 2020, 06:51:07 PM |
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The volatility will be the risk factor. What if you cannot pay the loan in time because of waiting for the value of BTC to grow again? Being caught in a bad wave could punish you a lot. Stressing you on how you will pay and then you will loan more just to patch things up. You don't want to be in that kind of situation. I'd rather make my own money working with blood and sweat rather than having a debt with loan sharks.
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Findingnemo
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December 19, 2020, 07:13:06 PM |
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Every billionaire have used the debt. Donald Trump including.
But they have the capability to survive even if they defaulted their loan but it is not the case with the loans we are taking. We are giving some kind of collateral while taking loans so if we default it then banks will auction our property and take their money but at the end we will be on the streets.
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jacafbiz
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December 19, 2020, 07:24:23 PM |
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It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
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pixie85
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December 19, 2020, 07:25:18 PM |
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Loan are not cheap, they’re only cheap to the privileged selected top elite, for peasant like us the loan is very expensive.
Exactly. To take a loan you usually need a collateral or a stable job that will serve a similar purpose. I also would not use a loan to invest because it creates additional pressure. You know that you're not investing your own money so you're probably going to exit fast or feel like you have to sell at every small loss to protect the money. People who trade like that usually have a lot of small gains and losses and can't really make a lot of money.
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taufik123
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December 19, 2020, 10:31:16 PM |
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But they have the capability to survive even if they defaulted their loan but it is not the case with the loans we are taking. We are giving some kind of collateral while taking loans so if we default it then banks will auction our property and take their money but at the end we will be on the streets.
it is a risk that will occur when we cannot pay the loan. Securities such as land certificates and vehicle certificates will be held by the bank. The bank will also provide a maturity date when it must be repaid. So don't make a loan just for an investment that you don't understand or just want to try it. It is better to use it for other things such as for business capital and the like, where it is clear how much you earn.
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coolcoinz
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December 19, 2020, 11:00:14 PM |
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If you think loans are cheap you should get one. For me they are not, but it's a matter of perspective I guess. The only purpose of loans in my case is taking one to later pay it with bitcoin profits, so that I can explain to the tax office how I could afford that new house. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It was all from a loan, really, no drugs or money laundering here. Jokes aside, trading with loaned money is never recommended, just like going 20x on leverage.
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WalkerIVIV
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December 19, 2020, 11:30:48 PM |
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It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The institutional investors have been buying bitcoin before the pump was happening. They are not stupid enough to spend all of their money for bitcoin at the peak price. micro strategy has been making 100% return from its porfolio (55k bitcoin) The little shrimp should not use their loan to buy bitcoin right now. The problem is if there's no signal about the bearish trend to come.
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AndySt
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December 19, 2020, 11:43:43 PM |
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It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The institutional investors have been buying bitcoin before the pump was happening. They are not stupid enough to spend all of their money for bitcoin at the peak price. micro strategy has been making 100% return from its porfolio (55k bitcoin) The little shrimp should not use their loan to buy bitcoin right now. The problem is if there's no signal about the bearish trend to come. Unfortunately, the cryptocurrency market is quite young and irrational, and it is possible to reliably judge signals about bullish or bearish trends only later, when the market has already made its move ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Market experts as always say mutually exclusive things, that bitcoin still has reserves where to grow and vice versa, that the exchange rate price is at the maximum and a correction should follow. Therefore, I also do not understand investors who take loans to buy bitcoin, especially in the current conditions of a significant increase in the exchange price of bitcoin.
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Cling18
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December 20, 2020, 03:10:44 AM |
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This isn't a wise idea because the crypto investment is risky and we don't know the possible changes that might happen due to its volatility so where will you get the assurance that you could pay your loan in time? There's no guarantee that Bitcoin would always pump so you better use your own money than to have debts that you couldn't pay especially when the prices turn red.
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icy3
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Someday we will rise ...
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December 20, 2020, 03:37:55 AM |
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i think if you have a steady income, it is not wrong to take a small loan _depending on your income_ which won't affect your life. like instead of investing 200$ per week for 3 years, take a 100$ off of it, * 4 * 12 * 3 = 14400$ loan as it is cheap, and stack the sats BTC as long as they are affordable. But if you were a Rebel and a Believer in the power of Bitcoin BTC and its' Technology, then you can check The Bitcoin Family.
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Long Bitcoin BTC. Short the Banks.
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LogitechMouse
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December 20, 2020, 04:17:19 AM |
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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 As long as you can pay the loans that you loaned in the bank without problems then you are good to go ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Loaning in banks to invest in crypto right now is possible but not advisable to do especially for those investors who are just newbies. If you can take the volatility of it then you are good. If you are ready to cut loss in case the worst thing happen then still good. Loaning isn't a good idea since it is very risky but with the low interest rates of banks, now is the best possible time to loan. If somebody will do this, make sure that you are ready with the worst case scenario that might happen to your investment and good luck in doing it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) .
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bearexin
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December 20, 2020, 06:55:34 AM |
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I don’t think I’m ever going to try that, and I am not going to do it because it’s very risky. I don’t know for you, it’s your choice if you want to try, maybe based on your past trades you strongly believe that you’re going to make steady profit daily to be able to pay for the loans you’re going to take, if not that, then you’re wasting your time, because you’re going to be losing money in the trade and that means you will not be able to pay for your loan, so you have got to be very careful.
I prefer to trade Bitcoin and invest in it with money that hundred percent belongs to me, which I know I wouldn’t be bothered if things happens to go wrong.
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Shasha80
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December 20, 2020, 07:43:16 AM |
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I wouldn't say investing in Bitcoin using borrowed money is a bad idea. Because many rich people borrow money from banks to develop their businesses. But the problem is not recommended for people who are middle class and lower class investing in Bitcoin with borrowed money. What is if the price of Bitcoin suddenly dumps will add to the problem, but for the rich it is not a problem, because it can cover these losses from income from other places.
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Argoo
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December 20, 2020, 07:49:27 AM |
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It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The price of bitcoin is now over $ 23,000. We have never seen such a high price. Despite the fact that we hope that next year it will continue to grow, everything can happen contrary to our expectations. Therefore, taking out a loan now to invest in bitcoin is not a very smart decision. The risk is very high. In general, I do not like to deal with loans and take out a debt. This requires almost complete confidence in making a profit, and in this case, there is no such confidence.
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aoluain
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December 20, 2020, 08:51:14 AM |
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I have borrowed to buy Bitcoin! I didnt borrow millions, I borrowed what I can manage to pay back on a monthly basis. Look at microstrategy, they have done something similar because Michael Saylor sees what the future holds for Bitcoin and FIAT based assets. Again realistically we need to look to at least 12 months away and further. The market will be bullish next year to low to middle income earners will find it even more difficult to increase their bitcoin amount as their salary stays the same, why wouldnt anyone borrow to buy now? We borrow for any number of other reasons which when really examined dont make 100% sound financial sense, Cars, which ultimately loose value, Holidays, which become just memories. The risk to all regardless of the amount borrowed is the same but Microstrategy dont see much of a risk... https://www.investopedia.com/microstrategy-which-purchased-bitcoin-last-quarter-is-raising-money-to-buy-more-5091589
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Findingnemo
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December 20, 2020, 01:04:30 PM Last edit: December 20, 2020, 02:16:58 PM by Findingnemo |
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But they have the capability to survive even if they defaulted their loan but it is not the case with the loans we are taking. We are giving some kind of collateral while taking loans so if we default it then banks will auction our property and take their money but at the end we will be on the streets.
it is a risk that will occur when we cannot pay the loan. Securities such as land certificates and vehicle certificates will be held by the bank. The bank will also provide a maturity date when it must be repaid. So don't make a loan just for an investment that you don't understand or just want to try it. It is better to use it for other things such as for business capital and the like, where it is clear how much you earn. Save money and start investing that is the basic rule for successful investor but there are lot of people who take loan amd get succeed as well because they actually know how to make money and also tackling the risk factors involved. Every investment is risky though but not every investment holds same amount of risk so choose things wisely before taking a decision.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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bryant.coleman
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December 20, 2020, 01:21:14 PM |
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Save money and start investing that is the basic rule for successful investor but there are lot of people who take loan amd get succeed as well because they actually know how to make money and also tackling the risk factors involved. Every investment is risky though but nit every investment holds same amount of risk so choose things wisely before taking a decision.
Taking out a loan to make investment doesn't sound like a clever idea for me. First of all, you will never get a loan which is interest-free. You will be forced to pay interest, at a rate higher than what you get from bank deposits. So even before starting your investment, you are down by a few points. On top of this, there is no guarantee that your investment will return good profits. So now the risk has doubled.
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Findingnemo
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December 20, 2020, 02:18:52 PM |
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Save money and start investing that is the basic rule for successful investor but there are lot of people who take loan amd get succeed as well because they actually know how to make money and also tackling the risk factors involved. Every investment is risky though but nit every investment holds same amount of risk so choose things wisely before taking a decision.
Taking out a loan to make investment doesn't sound like a clever idea for me. First of all, you will never get a loan which is interest-free. You will be forced to pay interest, at a rate higher than what you get from bank deposits. So even before starting your investment, you are down by a few points. On top of this, there is no guarantee that your investment will return good profits. So now the risk has doubled. Yeah, that is why you shouldn't take loan to invest on highly volatile assets like cryptocurrency even for stocks. Taking loan for a business idea is better which also need to be done only when you are running a successful business but still want to expand it for that you need more capital.
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Samayuki
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December 20, 2020, 02:35:40 PM |
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Even if Bitcoin shows no sign of dropping in value anymore it's still under a probability, things can take a different turn unexpectedly, taking loan to invest in Bitcoin is x10 more risky than investing your own very hard earned money on bitcoin, before taking such step sit down and think about it very well, it's not worth it
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