Should you take loan(s) to invest in crypto?

[bittreo]

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

[harizen]

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Definitely not a good idea. A long-term loan requires valuable collateral and take note of the interest.

Aside from that, a person has to deal with monthly payments (or whatever payment terms) with the use of their own funds. If somehow, they can afford it then up to them to take the risks.

People are dealing against the volatility here and what if things didn't go the way they want? Plan B? Plan C?

[ryzaadit]

No!

Don't you dare to get a loan for investing, remember investing is from a fund/money you can afford to lose one of the factor for trading. You want to know the reason why? because using fund can afford to lose you can more relax to be trade.

Now, the question you get a loan and do an investment because you don't have money right? If you don't have a money and you are on the lose position from which money you are gonna pay the loan while your loan interest keep increase day by day.

[zasad@]

Users who want to get rich quickly always get poorer.
Invest 5-10% of your income in cryptocurrency every month and in 10 years you will have a solid capital.
No need to speculate and use credit money for this. If the price of the cryptocurrency falls, you will be in big trouble.

[magnum cyber]

based on tweets:

"i took a $ 46,250 loan today for 7.9% and bought 2.55 #bitcoin. In 2026 I will have to pay back $ 57,806.85. As of December 2026, If #bitcoin is at $ 22,669.35 I break even."

based on Tweets published on December 12, while in less than a week the price of BTC has increased significantly and is currently right in the price range of $ 23,581. so I think he breaks even at current prices.
Luckily he didn't go crazy just because of Bitcoin 

[rat03gopoh]

It's something crazy, I'll never do it. Crypto market movements are often beyond predictions. This action is highly discouraged for any reason even if you have an accurate predictive ball.
But this guy was lucky, currently 2.55 B is worth $60k. No, he doesn't have to wait 6 more years to pay off debts and interest. He should change his mind by now as he has made a profit of $14k within 1 week.

[bassbity]

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I personally don't think this is recommended, if only for investing in crypto. This will clearly imply that crypto has a long-term process of getting its results. while parties will require monthly payments along with any additional interest charged.

unless someone has assets outside of crypto, for example, a company that is collateralized. but still, it won't be convenient if you have to borrow money from a bank to invest in crypto. sounds really bad.

[josgandosbro]

No, don't make a loan just to invest in crypto because crypto is very risky.
seeing that tweet, I remember that in the past someone sold his house and was willing to sleep on the side of the road just for bitcoin and in 2018 suddenly bitcoin fell, making that person go crazy. maybe if he still keeps the bitcoins he bought at $ 19k and sells them now he will make a profit

[Slow death]

the worst mistake anyone can make Is make loan to buy cryptocurrencies. every loan has interest rate, time to pay loan and guarantee that the person must give (to pledge some asset) and the profits of the cryptocurrencies are not guaranteed and may result in losses and the person can be arrested depending on the place where he made the loan.

I don't see the advantage of someone embarking on this type of adventure

[mersal]

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Maybe you are not aware of it but this topic has been already discussed million times in bctalk.

Anyway this is the right time to discuss about this again because its just common for someone to get loans or borrow money from someone to invest on cryptocurrency at the time of immediate spike but prices are likely to take a correction or dump after huge increase so don't invest right now unless it is your money.

[livingfree]

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

I haven't seen that tweet but I've seen the same thing happened during 2017.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

That's not a good idea. I haven't done that and will never get into my mind that I'll take a loan to invest. That's not my attitude towards investment in crypto. Although those lucky few people that did this gamble and borrowed money to invest in crypto and took mortgages of their house. This isn't really for everyone. If it have worked for them, they probably were lucky and got a nice entry.

[bittreo]

a person has to deal with monthly payments (or whatever payment terms) with the use of their own funds

you need to pay your loans and interest every due date

The idea can be: lend your bitcoin and pay for interest! Risky? Taking a loan for investing in crypto itself is a risky deal. Why don't try lending, of course, with a proper research.

[bittreo]

It's something crazy, I'll never do it. Crypto market movements are often beyond predictions. This action is highly discouraged for any reason even if you have an accurate predictive ball.
But this guy was lucky, currently 2.55 B is worth $60k. No, he doesn't have to wait 6 more years to pay off debts and interest. He should change his mind by now as he has made a profit of $14k within 1 week.

See, people are not seeing this and calling this entirely luck. We know that price arises after halving (for instance and call it just one known event) so it it turns a good idea during this timeframe. Besides, right after bitcoin breaking 10k resistance, we kind of knew bull run is near and we will see new ATH this year itself.

[Jocuserious]

Certainly a bad decision.
One notable aspect is that cryptocurrency can reduce your capital and you know that investing in crypto is very risky. It is foolish to invest in Crypto with a loan from a bank because in the future if you cannot make a profit from crypto and repay the loan on time then you may have to spend your personal assets like sell home, car and land.

You can also trade with some amount of loan where the amount of profit is less but the amount of your risk will be less. Moreover you need to take appropriate qualifications in this regard.

[Dr.Osh]

Most people sometimes make loans to fulfill their goals. well, I feel that it takes a lot of confidence. most likely a lot of people are already doing this in the cryptocurrency world, and I'm pretty sure that the goal is coins that have a lot of popularity and potential.
Personally, I instilled the principle in my life to avoid borrowing. because of this, I have not made a loan for investment purposes in the cryptocurrency world.

[Maxstl007]

I can take loan for offline businesses but not online and especially not in crypto space where risks are present in every corner, it's so easy to lose money in crypto space, anyways this is just me, some still take loan for any online investments and I've seen some who are lucky and I've also see some you landed into big problem, you need to understand who you are, loan is bad for majority, I think it's better to avoid loan

[Astvile]

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

That's a big no for sure. Cryptocurrency as we already know is very volatile, yes the bullish market will surely arrive in cryptocurrency no matter how long the bearish market will reign but what will happen if the bearish market will stay for too long and you need to payoff your loan and you doesn't have a stable source of income to pay it off? You'll just drown in debt in the long term. If you want to invest in cryptocurrency just spare some amount from your monthly income to put in cryptocurrency. Avoid loans and debts as much as possible.

[Claudio99]

Before taking loan make sure that you have more money in your account that can cover any losses, if not you will o my put yourself in big trouble, loss is inescapable in crypto world and loan isn't for everyone, if you have no way to recover losses do not give loan a try, you won't be able to sleep at nights

[shinratensei_]

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Crypto is very volatile and when you are taking 10k USD as your loan and then you have used it to invest into the crypto and it can go zero anytime when you are investing in the shitcoins.
You should never do that and avoid to use your loan to invest in crypto.
You were missing the best time to invest in crypto when the market was getting plunged so hard.

[unusualfacts30]

It depends on your financial situation, if you can afford to pay it back then loan is no problem. If you have $100k rusting in your back account, taking $10k loan is not that bad of an idea.

In my opinion, you should only invest your own money given the risk of the crypto market even today. If you decide to take a loan, pay attention to the interest rate and when will you break even. Some of them charge heap of interest rate that it'll take you a long time breakeven and call profit.