Should I get a loan?

[Bitcoin10003]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

[1715132007]

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[1715132007]

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[BitMaxz]

If the loan is from your family without interest that's a good decision but without waiting for the dip price you will lose a big amount of investment.

And another thing is we don't know if the price of Bitcoin on the next block halving will be the same as what happened this year.
We are not a fortune teller and we don't know what will be the price of bitcoin in the next day, months, or years or even in decades. Bitcoin is too volatile there is no perfect prediction on the Crypto market but if you believe in Bitcoin and willing to lose then go buy without waiting for a cheaper price.

For me, it would be better to wait 1 more month to decide if you are going to buy or not if we see a downtrend then let it pass and wait for around $15k to $25k before you invest. This is just my own prediction and analysis due to recent events happen and the price movement.

[GreatArkansas]

(.....)

You already have the money why you should take a loan for? This is just an advice but if I do have that kind of money probably I'll just make it grow through trading, maybe studying trading will help you earn more alts or Bitcoins but getting a loan I think that's not necessary, though that's just my personal opinion.

Probably a small amount of money for him/her. And for sure OP is using the interest-free loan which is kinda good, and the OP got money, the best thing to do is save it for the last defense, like if the loan will get rekt for buying altcoins or bitcoin, then OP got some extra money to pay the loan.

[Jawhead999]

Since the loan is from your family and no interest, at least you wouldn't be stressed to pay the interest even though your investment in loss.

I don't think buy Bitcoin in single time is really a good choice, however buy every dip is better to minimize loss due to volatility. You could split and place buy orders on every $35,000 $30,000 $25,000 and so on depends on your strategy. But the profit you'll got isn't really high compared buy all in single time.

[mk4]

It really depends on some factors. What if your family suddenly needed the money for whatever reason(emergencies, etc) and at the time when they need it bitcoin and the cryptocurrency markets hasn't bounced yet? You'd be screwed.

Overall, this is something I personally wouldn't do. Yes, we have hype cycles and such that in 5 years there's a good chance that bitcoin is a lot higher from here, but always remember that nothing, I mean nothing is guaranteed — and that includes bitcoin going up.

[Maus0728]

Sure that you have a really massive amount of money invested in crypto and you have the capacity to pay off your loan to your family if ever the market declines, but isn't that enough? I am just saying that be aware of your greed because it is more likely that you'll find yourself in a debt spiral as your greed develops.

Though it is possible to get a loan, however, you should have at least consider having other source of income since you are responsible for loan repayments every month if that's the plan between you and your family. At the end of the day it is a gamble and that's for sure, it is a big win if the price goes otherwise you'll end up getting rekt.

[Wexnident]

Are you sure about that? Is probably the question you should ask maybe 5 times a day before the final day of decision making. As much as I advocate Bitcoin just being in a correction and would eventually go up, it isn't really recommended to actually take loans to do investments. There's just no guarantee of you returning it. If it was your money, fine it's okay, it is yours, but in case of loans, it isn't, you gotta pay it back somehow.

Interest-free or not, a loan is still a loan. If it isn't a big amount it should be fine, but since you are investing I hardly doubt it's a small amount. Probably talk with your family and actually consider getting a contract of sorts for it so that every detail is clarified.

[Zilon]

Taking a loan from a family to invest in coin is not a bad idea where the problem lies is will you be able to overcome greed when the price starts appreciating?. Would you have the mindset to break even when you hit your target or would greed overwhelm you? This has always been the problem of most cryto investors and many loose fortune after seeing massive profit but bluntly refused to take from it.

[hugeblack]

What is the goal of this loan, do you take advantage of the opportunity that the price is low and therefore you will achieve a guaranteed return, or do you plan to benefit from that money?

In general, the golden rule is not to invest more than what you can afford to lose. If the loan amount is sufficient to bear its loss, it is better to do so. I also advise you to invest in Bitcoin more than other currencies because 90% of those currencies fail to reach the previous peaks.

[electronicash]

if its interest-free go for it. just make sure you could pay for it on time because even its coming from a family it's still a loan. you don't cut ties with family who is pretty much close to you. you can argue with someone else and don't care who you could get in trouble with but not with a family.

however, you should know altcoins are risky and the market today is just not very sure where it could go. DYOR first before investing.

[crwth]

You definitely have a lot on your portfolio now. If you want to add more, then you could probably aim to get more money from that. If it's something that you can take advantage of without much risk, then do it. I think it's something that you would appreciate in the long run if you had more in and more chances of possible profit, right?

Just DYOR with what you're investing in then you'll probably be okay.

[Kong Hey Pakboy]

Will your family be able to wait for you to pay in five years though? That's the question that will probably help you decide if getting a loan is going to be the best course of action for you. If I were in your position, I would probably tell them the risk that you would default their loan because there is a possibility that you might take a long time to pay the loan back, now if they are alright with that then you should probably go for it.

[rhomelmabini]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I'm thinking you can do this loan but I don't think that you should bought more alts instead of bitcoins, if you're into hodling it better stay it on bitcoins instead of alts. Not that alts may not worth it but I think if you want to invest in alts select those who has good fundamentals and better research more.

[Beparanf]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Will you mind telling what price you bought your holdings? Actually you can just do margin trading on exchange using your assets as collateral without risking other money. The interest on exchange loan is quite low and acceptable which is good for traders who have a high asset on there portfolio.

To be clear, Margin trading not Leverage/Future trading

[semobo]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Interest free and 5 years then its okay to take loan and invest on cryptos but this is not the right time I guess since the price of bitcoin is dancing around $30K to $40K much often. Wait for the dip then invest on cryptos but choose the coins wisely not the one which are just launched or about to launch.

[bitzizzix]

Exactly the same as my plan happened yesterday when the bitcoin price reached 20K, and I was planning to borrow with one of my family who I think has a lot of money and have discussed and he doesn't allow interest because he believes, at that time I plan to borrow according to the price of 1 Btc.
and after that I thought a lot and imagined if it didn't match my expectations, and finally I decided to fail and when the price of bitcoin and other cryptocurrencies continued to rise I felt sorry, what's more when the price of bitcoin touched 65k I became more sorry because if that happened I double the profit.

and this is just an example and confusing, only two will accept the loss if it doesn't live up to expectations and also regret it when the price keeps going up and not borrow it.

[Taskford]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Do you really know the risk of crypto investment? Since if not maybe you are been FOMO by someone or seeinf the price started to kick back, better stick with your current balance and make it grow since taking a loan will never be a good idea if you don't know how to trade well.

Better avoid any loans for now and focus on learnings since from there you can identify the real risk of the volatile market.

[mk4]

Taking a loan from a family to invest in coin is not a bad idea where the problem lies is will you be able to overcome greed when the price starts appreciating?. Would you have the mindset to break even when you hit your target or would greed overwhelm you? This has always been the problem of most cryto investors and many loose fortune after seeing massive profit but bluntly refused to take from it.

OP's going to likely have more problems than greed when prices appreciate, assuming that the prices do ended up appreciating in the first place. Knowing that OP's portfolio is a whopping 35% on altcoins, ehh, it's going to be a huge-ass gamble. I though taking loans for bitcoin is bad, but loans for a huge chunk of altcoins? Far worse.

[tranthidung]

Currently I have $109,750 in Bitcoin and $60k in alts.

It is a good capital with which I don't think you should make any loan.

The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.

Free interest is good but one thing you must know.

• Your relatives can give you promises and they are possibly honest with what they say
• Unfortunately, life is unpredictable and if anything happens, your relatives need those money back earlier than 5 years. What will you do?
• I don't expect any bad things for anyone, you or your relatives, but it is life and must thing of such scenario

I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down.

Let's move next, what altcoins do you want to buy with your loan?

• I hope they are not shit meme tokens, shit NFTs
• With top altcoins that have good developments, big communities and good fundamentals, you can load them up. They are different than Dogecoin that appears in top of marketcap but is not a top coin.
• Reminder: I don't think you should borrow a loan

[LeGaulois]

That's crazy. What about if you are never able to reach the break-even point?

I still consider it irresponsible to borrow money to invest. Especially in a market as volatile and unpredictable as cryptocurrency. It's a bit like asking for a loan to buy lottery tickets. If it's to buy a car it's something else, but to gamble? it's very risky in my opinion.
Nobody talks about it but the advantage you have is to go through your family, what if you embarrass them in the case you are not able to pay on time? Who knows if they could be in trouble caused by your wrong decision.

I hope at least you will be able to use your current portfolio to refund in case something goes wrong.
I once met a person who invested in something crazy online ("a semi scam"). He had even had his house mortgaged. Guess what, he lost everything

Do you really know the risk of crypto investment?

Seeing his balance surely yes. Evaluating correctly is another point

[Lakai01]

I still consider it irresponsible to borrow money to invest. Especially in a market as volatile and unpredictable as cryptocurrency.
-snip-

Unfortunately, people tend to take incredibly high risks when there is even the slightest chance of a very high profit. For me, taking out a loan in order to invest already belongs to this category of "incredibly high risks".

Banks usually do not give loans for such "ideas", if then only with correspondingly good collateral through real estate or similar.
Taking out a loan for an investment with friends or relatives I consider even more questionable. This can lead to the fact that friendships are destroyed for ever.

Long story short: Don't do it.

[isaac_clarke22]

~

I would just loan if it is a business that I would do a startup, but loaning to invest something that would not promise me to pay back the said loan in a certain year while you mentioned at yours for five years, I would not personally do a loan for that.
You never wanted to dug yourself into a hole that you will keep climbing over and over.

That's crazy. What about if you are never able to reach the break-even point?

I still consider it irresponsible to borrow money to invest. Especially in a market as volatile and unpredictable as cryptocurrency.
~

Thank goodness that I am not the only one thinking like this.
This is what I was emphasizing at my first reply.

[el kaka22]

I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.

Why not? If you're getting loan from your family members them you will be absolutely right to go for it because you are getting loan with free of all problems of usual traditional banks having. If I am having such kinds of opportunities then definitely I will go for availing them by considering right now the kind of opportunity from bitcoin markets. Yeah, bitcoin prices may get doubled at any time soon from its current market prices.

Usually I'm completely against on going for loan for trading purposes but when you are having plans for holding up to next five years and you're going to invest only with the bitcoins then there will be nothing wrong on going for loans from your family members.

[Questat]

I feel some greediness on the part that OP wants more. I know it was his decision but I never think it was the best option to take even it was coming from the family. Well, OP had already the money $109k plus is big enough. I'm not really sure what really he thinks.
I'm not going to stop you but seems you want to have some problems. Much better not to do it, just a piece of advice.

[boyptc]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You've got already a good amount of investment in bitcoin and alts and I think that's already sufficient until you get your own cash instead of borrowed money.

I won't take a loan to invest.

[dunfida]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Depends on you because the loaned amount cant wait for 5 years and its impossible for your loved ones wont really sue you out for you to repay them.

If you do go aim for bitcoin then why you cant just pull off those altcoin which is on 60k in value which i can say that is really big for most people and switch or convert it to btc?
Btw, how much in fiat value you are targeting out to have some loan?

[Ararbermas]

I think you're investing too much if you will get a loan from your family just to buy more alts.. Because to be honest for me in my opinion you have enough money to make good return in the future.. wherein what i can suggest is don't force the situation if you don't have enough money because sometimes the market isn't really that good like what you think. What if all of the sudden the market experience massive decline again? Indeed market is very unpredictable, so be aware investing too much because we are not a fortune teller..

[palle11]

If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 

I'm looking at this from your post as you understand that price can drop a great deal. It seem your family is supportive to you in your life endeavour if you can wait this long and they won't bother you, it means it may not be considered as a loan but a gift. Loan itself attracts a fee.

You can get the gift for your investment anyway but you still need to invest in good and existing coins.

[$crypto$]

Your pocket money is already quite large by now and that for me is already at its highest point.
But that's if you are sure of the choice then it's not a problem for you as long as the loan is really safe from your own family so it's big without interest for a long time even 5 years is targeted
Maybe you have seen how the potential of altcoins in the future is, and now is the time to act if you want to get bigger, but I believe you are a bigger player and always manage your portfolio after getting the loan.
The big risk is definitely you, the important thing is to make sure it's all you can bear.

[kapalmabur]

If the loan doesn't burden your family, do it. Because we have to think about the biggest risks that can happen in the future, many people discuss crypto will smell good this year and will be bad for next year. Maybe now your family can provide the loan, but maybe next year they want it back and the market is not in good condition.

if you want a lot of profit in the next few days or the next few months you should start now you have to buy cryptocurrencies, especially Altcoins,
don't let you see people get rich in the next few months, yes you can borrow money from your brother or at the bank,
and buy when the price is cheap, don't buy all in, but buy gradually

[slaman29]

I would say you're really lucky. My alts used to be about 30/40 percent of Bitcoin when I started hoarding and now it's only around 10% and that's mainly thanks to Ethereum doing so well.

Don't get a loan though, at least, not in a bull run. Prices may still go lower. Invest what you can afford to lose, and never put yourself in debt.

Just don't.

[1l1l11ll1l]

I don't think you need a loan in these circumstances. you can try to do some short term trades to get profit. I'm sure it's pretty easy if you're not too greedy. only a few days to be able to do market analysis, and you can make ends meet in a few days or reinvest if you want

[Inspiron14]

There's nothing wrong with getting a loan to buy crypto currency assets, but you have to loan money wisely to use it,
and you have to get a loan from people who really don't need money, otherwise you'll be confused if you can't. pay it,
and it doesn't go according to plan, before getting a loan, my advice is to make risk management first

[Raflesia]

I still consider it irresponsible to borrow money to invest. Especially in a market as volatile and unpredictable as cryptocurrency.
-snip-

Unfortunately, people tend to take incredibly high risks when there is even the slightest chance of a very high profit. For me, taking out a loan in order to invest already belongs to this category of "incredibly high risks".

Banks usually do not give loans for such "ideas", if then only with correspondingly good collateral through real estate or similar.
Taking out a loan for an investment with friends or relatives I consider even more questionable. This can lead to the fact that friendships are destroyed for ever.

Long story short: Don't do it.

I will not do that even though there is a small opportunity in front of him, for me a loan is a burden and a high risk later on, I don't think this will be an opportunity or even a failure by trying even a loan to your own relatives and family, because I have felt before and friendship became tenuous because of the loan problem, the family is now not sporting and doesn't give him any more loans, it's better to have your own capital but we can prove it by making big capital later.
Banks will never provide loans without the desired collateral so it will be difficult to approve loans.

All around me, their friendship has started to break because of unfinished loans.

[Issa56]

In Cryptocurrency I believe is really a bad idea to borrow money to buy a coin but since you are getting it from a family member and is interest free and the person can even wait for 5 year I really that's not bad but I will advise you to do your research very well first before buying a coin and don't even try to invest in any shit coin or any upcoming coming make sure you invest in coin that you believe they will never fail you like ETH, BNB, LTC etc. I believe coins like that won't fail you but if you invest in upcoming coins anything can happen because you might endup losing your money.

[Sled]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I believe that you have the courage to risk more in crypto but I'm going not to agree with you borrowing money from anyone else even from your family. Why? You know how risky is this, not all the time we are lucky. You have said you are willing to wait for 5 years but have you think that your family couldn't be in need of money for that long? Maybe they are and you might sell your investment when the time has come even the price is cheap, that was your loss, I think.

[Ryker1]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I believe that you have the courage to risk more in crypto but I'm going not to agree with you borrowing money from anyone else even from your family. Why? You know how risky is this, not all the time we are lucky. You have said you are willing to wait for 5 years but have you think that your family couldn't be in need of money for that long? Maybe they are and you might sell your investment when the time has come even the price is cheap, that was your loss, I think.

Well, if OP is willing to take a risk --why not.
If you are lucky in trading, there will be a chance that your money will fold for how many times, otherwise, --it will also easy to wipe out in just a matter of hours, and the chances that you will get profit is very small. There could be a double sword effect if you will get a loan just to trading and hoping you will earn on it. Lossing the amount that you have borrowed and also the capital that you have borrowed. It is a very risky part, so if you plan to do trading, just set an amount that only you can afford and make sure that this is not needed like supposedly for daily needs.

[boyptc]

In Cryptocurrency I believe is really a bad idea to borrow money to buy a coin but since you are getting it from a family member and is interest free and the person can even wait for 5 year I really that's not bad but I will advise you to do your research very well first before buying a coin and don't even try to invest in any shit coin or any upcoming coming make sure you invest in coin that you believe they will never fail you like ETH, BNB, LTC etc. I believe coins like that won't fail you but if you invest in upcoming coins anything can happen because you might endup losing your money.

Even if it's from his family. Although there's the favor that will be given to him being part of the family but money matters for some families.

In general of this, it's not really a good option to borrow money for investing in cryptocurrencies. But if he understands all the huge risk that he's taking and it's totally fine.

If he has the capacity and source for paying it, make sure that he understands what he does.

[CaVO32]

In Cryptocurrency I believe is really a bad idea to borrow money to buy a coin but since you are getting it from a family member and is interest free and the person can even wait for 5 year I really that's not bad but I will advise you to do your research very well first before buying a coin and don't even try to invest in any shit coin or any upcoming coming make sure you invest in coin that you believe they will never fail you like ETH, BNB, LTC etc. I believe coins like that won't fail you but if you invest in upcoming coins anything can happen because you might endup losing your money.

Even if it's from his family. Although there's the favor that will be given to him being part of the family but money matters for some families.

In general of this, it's not really a good option to borrow money for investing in cryptocurrencies. But if he understands all the huge risk that he's taking and it's totally fine.

If he has the capacity and source for paying it, make sure that he understands what he does.

Well, the family should also know the risks involved when it comes to crypto investments. He should laid out possible scenarios to them and be transparent. With the money that he has invested on crypto right now, I believe, he has the capacity to pay his family in case something goes wrong. And if he is willing to wait long term, better invest on rock solid projects like ETH and BNB. But if there is another choice, better not get a loan even if it is from your family, stick to you own financial capability.

[Fatunad]

In Cryptocurrency I believe is really a bad idea to borrow money to buy a coin but since you are getting it from a family member and is interest free and the person can even wait for 5 year I really that's not bad but I will advise you to do your research very well first before buying a coin and don't even try to invest in any shit coin or any upcoming coming make sure you invest in coin that you believe they will never fail you like ETH, BNB, LTC etc. I believe coins like that won't fail you but if you invest in upcoming coins anything can happen because you might endup losing your money.

Even if it's from his family. Although there's the favor that will be given to him being part of the family but money matters for some families.

In general of this, it's not really a good option to borrow money for investing in cryptocurrencies. But if he understands all the huge risk that he's taking and it's totally fine.

If he has the capacity and source for paying it, make sure that he understands what he does.

Well, the family should also know the risks involved when it comes to crypto investments. He should laid out possible scenarios to them and be transparent. With the money that he has invested on crypto right now, I believe, he has the capacity to pay his family in case something goes wrong. And if he is willing to wait long term, better invest on rock solid projects like ETH and BNB. But if there is another choice, better not get a loan even if it is from your family, stick to you own financial capability.

Unless if he would really be that honest on telling that those loaned money would be put up in crypto but I highly doubt that OP would really be telling the truth
because if family members do know that it would be invested on crypto or something that they didn't able to hear off then they would really be in doubts.
For sure there would be other reasoning behind those taking loans or borrowing money scenarios. No matter what kind of reasoning it would be
as long you are responsible on repaying those loan and wont really be taking too long then that would matter the most.

[Cling18]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I think your holdings are already enough and loaning isn't a smart idea anymore. Just gain a good profit out of it first and reinvest again. Borrowing funds for investment wouldn't be a good idea because we all know that crypto investment has a huge risk or earn from your own money so you'll have funds to invest with altcoins.

[xSkylarx]

I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.

If you can still pay the loan without putting your family's stability at risk then getting it to accumulate more crypto is not a bad choice. It looks like you have a deep pocket that you are willing to hodl for many years if your investment's value drop. It even has no interest so your debt is not that big when you get a loan. If I am in your situation, I would get that loan because mass adoption is slowly happening, bitcoin and other alts starts to stabilize at this moment from the recent dumps so 5 years is long enough to make your investment grow profit.

[gabbie2010]

I was surprise from your submission and not convinced of your mission of obtaining a loan having such a huge amount of asset in both Bitcoin and alt is enough to earn decent profit in long term even not up to five years  just sit back and monitor the market, asking for any loan whether interest free or not is unnecessary, if crypto market regain it bullish sentiment the OP portfolio will amount to huge and massive profit in some couple of years to come just keep hodling

[Xsinx]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Ive seen several stories like yours in the past and it doesn't ends well for them but if you are confident with your trading and holding strategy then why not since the loan are interest free it will be a good bet for long term HODL. If this is a loan from the bank  it would be a different scenario.

[ashmodeus]

business is business , family is family , that happen in my environment , u have a better life i guess. as long as you can handle it, I mean, interest that are not big, I don't think there's anything wrong with that , and of course , u must know when to go , market is really bad right now. i guess we must stay away for now.

[laohe628]

I've calculated that you've invested about $170,000 in cryptocurrencies, i think that's a huge investment and it's not necessary to put more money on it expecially that you don't have any extra money. I don't think it's a good idea to loan money to invest, even from your family.
Investing is risky, and in another 5 years the currency you buy will not necessarily go up, or even down a lot, including BTC.

[slaman29]

In Cryptocurrency I believe is really a bad idea to borrow money to buy a coin but since you are getting it from a family member and is interest free and the person can even wait for 5 year I really that's not bad but I will advise you to do your research very well first before buying a coin and don't even try to invest in any shit coin or any upcoming coming make sure you invest in coin that you believe they will never fail you like ETH, BNB, LTC etc. I believe coins like that won't fail you but if you invest in upcoming coins anything can happen because you might endup losing your money.

That sounds like an even worse idea in my opinion. Friends and family are interest free but the stress of borrowing from them, and then the relationships after that is going to be so awkward. Trust me I know as I've been there before.

Even after you pay back, the feeling is always never going to be the same.

Don't borrow to trade. Fullstop.

[isaac_clarke22]

~

Thing is what if the OP didn't get lucky? I do not want to be pessimistic nor optimistic that much but the market we're trading has been like that almost everytime. It is unstable.
How would the OP repay the amount even if the max he can wait is 5 years? We're not even sure how would the price of the coin would be at that year.
It is somehow looking like double or nothing now.

[bitterguy28]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Since the Funds is interest free and will come from your family then i can see no issue at all because even if you lose the chance of profiting yet your Loan will remain as is and wont go any higher even if this took a long time.

I hope to have a family like yours that supports your crypto investments.

[ethereumhunter]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Ive seen several stories like yours in the past and it doesn't ends well for them but if you are confident with your trading and holding strategy then why not since the loan are interest free it will be a good bet for long term HODL. If this is a loan from the bank  it would be a different scenario.

If he can take the loan from his family and interest free, I think that can help him invest in crypto. But still, I would not recommend it because that money comes from the loan, and we never know what will happen in the future, even if his family will not ask about the interest. It is better to use our personal money to invest in crypto so we do not have to think about repaying the loan and getting a full profit in the future. But that will be up to him because he already made a decision.

[cheezcarls]

I am not comfortable in getting a loan unless if I have collateral, even if it’s from a family member. I would rather find ways to raise funds on my own and not gonna get a loan unless if necessary. I usually do anything to make money in a legal and honest way, in which part of my funds would be reserve for investing on some coins back then when I was still a struggling crypto enthusiast in my early days.

However, it’s totally up to you to loan or not, so you might not get really stressed if you loan from a family member. After all, it’s you who will make the final decision and be fully responsible on whatever happens to the money you borrowed.

[Hypnosis00]

I am not comfortable in getting a loan unless if I have collateral, even if it’s from a family member. I would rather find ways to raise funds on my own and not gonna get a loan unless if necessary. I usually do anything to make money in a legal and honest way, in which part of my funds would be reserve for investing on some coins back then when I was still a struggling crypto enthusiast in my early days.

Because we never know what will happen by tomorrow or in the next 5 years.
What if...what if...well--that I was supposed to trust the market but it becomes too hard when we are not sure for the incoming. If ever I take some loan, maybe $100 is good enough to risk coz for sure, with that certain amount I could still repay for no matter what will happen to me.But to know that OP has already money in his wallet, I don't tend to agree with him. It is better to use it rather than to compromise himself.

[Lordhermes]

I cannot say the amount of money you have already in bitcoin and other altcoin is enough but I can ask whether you are can afford to loss that amount of money.

Taking loan depends on different perspective, you know the market condition is not bearish and we don't know I the bearish season had started, remember the formal bearish took 4 years to recover, what if the same happen, can you bear the pain after all?

If you can afford to loose, take loan, if you can't afford to loose that amount of money.

[LimLims]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Loan from the family is a good decision, but yes don’t break their trust. Don’t blindly invest their hard-worked money in non sense coins.
It would be also great if you can tell us what coins are you investing on by taking the loan to give more clarity.
Moreover i can suggest you that rather investing on alts, buy BTC at the moment.
Soon BTC price will boom up and you will get huge profit.
Rest following my advice is up to you.
Do safe trading OP.

[sarmrakib]

I would do that only if you could postpone the return of loan for couple of years if it happens that we need to wait that much for next bull run.

Yes i also think that after getting next bull run he can recover everything and pay his family .Its very good for him/her as he/she is getting it from own family and its totally interest free  .its always a good choice to invest on crypto .I think the due payment will get return soon mate .You can go through invest on crypto .

[Inspiron14]

Bitcoin is being dumped again today, and it is reported that bitcoin will retest to support again at $33k or $30k,
so just in case you can buy in that area, if there is no money then get a loan, because I believe the price will bounce back again.
but if you want to loan money, make sure you can pay it at a later date

[conected]

Bitcoin is being dumped again today, and it is reported that bitcoin will retest to support again at $33k or $30k,
so just in case you can buy in that area, if there is no money then get a loan, because I believe the price will bounce back again.
but if you want to loan money, make sure you can pay it at a later date

- The market and the economy are struggling with stagnation, almost our wages are falling a large part, so a loan for a big investment like bitcoin won't be something we can pay off easily, don't forget that the loan service will confirm the time and need us to pay interest every month, while the pandemic still has no end in sight, it's exhausting to stick to a loan right now. Even if it is loans without interest free, bitcoin has also been on the way to a sharp fall, some inappropriate investments can make us unable to repay the loan in time and lose our reputation

[Alert31]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You already have huge amount of money , enough to make it grow in investing in some valuable coin in the market. Taking loans is not good even it has no interest because that is not your own money. Although it has no interest rate, it is still better not to put the money of your relatives on risk. This is just my own opinion. It is still up you if what is your decision regarding your investment.

[teosanru]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I never recommend investing in cryptos by taking any kind of loan. It's because this market is pretty new and fragile, even though you might be profitable because of the natural cycle of bitcoin bull-bear run but adoption wise, not a lot of things can be said so far about the cryptocurrencies market in the longer term. a few bad news can affect the market so badly that a bear run might last too long. Also, who knows if this is the rock bottom market that would go before the next bull run? So putting in all the amount at once into the market is also a different sort of challenge. But if the money is being borrowed from someone in your family and it's interest free with no certain return period, I can say you can borrow, but don't enter into the market all at once, get a good 25% position at the current price then buy more if it goes down averaging your position size. This way you would be more profitable.

[irsykes]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

About loan which is already interest free and from family, people expectation maybe you can pay it anytime you want. But if me with that already big amount of investment, maybe i will use that loan money but for back up when anything worst happened. Because we can't only wait if something bad happen to our investment and must spare more capital to use as back up.

[sujonali1819]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I will not agree if the loan would be +interest. Yes, If the source of your loan would your family you can take loan from them to invest in alts. But I will suggest don't do loan a high capital and don't buy any shitcoin to get quick profit. Always better if you can keep you all portfolio in Bitcoin.

[tvplus006]

Currently I have $109,750 in Bitcoin and $60k in alts.

I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 

If you don't have a 100% repayment plan, you can't take out a bank loan. The same goes for an interest-free loan, because you can't risk the money that was raised by your family members, since the cryptocurrency market can't be predictable. I believe that you have enough of your own deposit to trade and invest without putting your family's well-being at risk.

[BITCOIN4X]

But if the money is being borrowed from someone in your family and it's interest free with no certain return period, I can say you can borrow, but don't enter into the market all at once, get a good 25% position at the current price then buy more if it goes down averaging your position size. This way you would be more profitable.

I don't think the OP need to force his will to get a loan from the family even without interest just to buy more of his investment asset. Meanwhile, the current value of the investment is close to $200K, I think that is enough to keep him in the shadows between profit or loss due to market fluctuation. If his investment goal is long term, then I don't think he should lend money in any way. Hold the asset and wait for the right time to take profit.

I will not agree if the loan would be +interest. Yes, If the source of your loan would your family you can take loan from them to invest in alts. But I will suggest don't do loan a high capital and don't buy any shitcoin to get quick profit. Always better if you can keep you all portfolio in Bitcoin.

In the long term, all loan may experience problem even if they are obtained from the family because there are many other unexpected factor such as an urgent need for money. That's why I think investing from loan may never be a good fit even if it's an interest-free loan.

[Fivestar4everMVP]

Well, if you are sure the loan is from your family and comes with absolutely no interest, then it's good, but I will still advice you to let your family know what or where you are investing the money on, so as to avoid future embarrassment, If I was to advice you in person, I did tell you to try to be Okey with what you already have, in time, the market will go up and you make your profit without having to pay anybody part of it, getting a loan to invest in crypto is highly risky most especially now that the government is starting to get interested in the happenings in crypto, we can be optimistic as possible but the truth remains that we can't tell what will happen in the next hour, if you must get a loan, make sure to let your family know exactly how long you are likely to hold it before you are able to pay back.

[feelideb]

Getting a loan for investment into cryptocurrency is not  a good idea!  Cryptocurrency is too volatile, you can not use other people's money and be objective as regard your trade postion, you will make a lots of mistake which would be avoidable if you were using your own money to trade! The rule of thumb here is to trade with money you can afford to lose!

[terrorJR]

Bitcoin is being dumped again today, and it is reported that bitcoin will retest to support again at $33k or $30k,
so just in case you can buy in that area, if there is no money then get a loan, because I believe the price will bounce back again.
but if you want to loan money, make sure you can pay it at a later date

although the temptation is to make big profits, sometimes people think of borrowing. that's what crossed my mind too. However, due to unstable market conditions, I gave up my intention to make a loan. because I prefer to use personal finance as it is and not leave too big a debt to others. major corrections occur at any time, perhaps in the long term, while the interest on the loans we invest will continue to grow every month. what if the price of Bitcoin falls like a proven pattern every 4 years. is it worth the interest that keeps piling up?

[livingfree]

Getting a loan for investment into cryptocurrency is not  a good idea! 

It has never been a good idea.

Cryptocurrency is too volatile, you can not use other people's money and be objective as regard your trade postion, you will make a lots of mistake which would be avoidable if you were using your own money to trade! The rule of thumb here is to trade with money you can afford to lose!

Even if someone defends himself that he can pay that on time. Still, I won't take those interests that will be put upon my loan. Because if you can take a loan and you say that you can pay it on time.

You should save instead which is a better strategy than taking a loan. When you save enough, you will use it for buying bitcoin or any alts of your choice.

[imstillthebest]

your money is huge .
 why need a loan ? why not hodl and see your money grow when the bull returns and you can use the profit when you sell your btc to buy altcoins .
 your family can use the money on important ocassions that lending it you for a risky investment . be a good child and dont give headache to your family

[Stedsm]

Loan from your family? But why do you really want it? Did you lose during the crash and is your capital affected due to buying higher? If that's the reason, please don't take a loan (even if it's interest free) to trap yourself into a situation where you may not be able to repay full 100% even after 5 years because crypto works on speculation, and when the hype will exhaust, everything will go red. I believe this have not yet hit the ground and there's more room for all of them to get down before taking off again. Wait till (possible) 20k and then buy if you'd like to.

[dunfida]

Loan from your family? But why do you really want it? Did you lose during the crash and is your capital affected due to buying higher? If that's the reason, please don't take a loan (even if it's interest free) to trap yourself into a situation where you may not be able to repay full 100% even after 5 years because crypto works on speculation, and when the hype will exhaust, everything will go red. I believe this have not yet hit the ground and there's more room for all of them to get down before taking off again. Wait till (possible) 20k and then buy if you'd like to.

Taking a loan is never been ideal as long you dont need it for emergency purposes then dont make such step.

Nothing beats out the feeling on having no loan or you arent owed something on others and theres no need to repay something.

If you do intent for the sake of investment then its up to you on taking up a risk but be mindful on repaying it on.

[IGRev]

Hello,

Before thinking about taking a loan, you should check the tax laws of your country.
I am a tax paralegal and most of countries have a rule regarding loans and stock exchange.

If you borrow money to buy stocks, and obviously cryptos, you can be treated as a professionnal trader.

I'm not sure where do you live but if you are in USA or UK you may have those very same rules.

Regards.

[boyptc]

In Cryptocurrency I believe is really a bad idea to borrow money to buy a coin but since you are getting it from a family member and is interest free and the person can even wait for 5 year I really that's not bad but I will advise you to do your research very well first before buying a coin and don't even try to invest in any shit coin or any upcoming coming make sure you invest in coin that you believe they will never fail you like ETH, BNB, LTC etc. I believe coins like that won't fail you but if you invest in upcoming coins anything can happen because you might endup losing your money.

Even if it's from his family. Although there's the favor that will be given to him being part of the family but money matters for some families.

In general of this, it's not really a good option to borrow money for investing in cryptocurrencies. But if he understands all the huge risk that he's taking and it's totally fine.

If he has the capacity and source for paying it, make sure that he understands what he does.

Well, the family should also know the risks involved when it comes to crypto investments. He should laid out possible scenarios to them and be transparent. With the money that he has invested on crypto right now, I believe, he has the capacity to pay his family in case something goes wrong. And if he is willing to wait long term, better invest on rock solid projects like ETH and BNB. But if there is another choice, better not get a loan even if it is from your family, stick to you own financial capability.

That is another thing. If the family is going to be oriented where he's going to invest then they should have two thoughts on it. They might not give it as soon as he ask it when they understand the risk about cryptocurrencies.

And if they've learned that the risk of its volatility is there, they might not really give the loan to him.

[jambul_kribo]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

have you thinking about worst scenario if your plan didnt work well ? using loan for crypto trading was not good for our mental and psychology, we could easily be panic when see your assets value drop hard. have you thinking how to pay it back if your plan didnt work and you loss alot ?our family should not be victim someday due our decision .

[Kelvinid]

As I've read the entire thread, the majority are suggesting not to take a loan. I voted for that as well.
We can take some loan for a reason and even for trading but because this is too risky and less assurance that we can make a good profit (or even to lose all of it), it is not really a good option to take.

Anyways,
I hope OP has to come back in this thread and read our opinion. But of course, it's up to you if you consider our opinion or not as the final decision is yours.

[GeorgeJohn]

Since you intend getting a loan to invest in crypto, fine it's not a bad idea but you need to time the market so as to buy at the bottom or close to prevent draw down. Well i believe Bitcoin is still going to fall below 30k so you don't have to rush in and buy now.  You can decide to buy at some specific prices so as to prevent buying too early.

Getting a loan could be as easy as possible to you but you still have to draw a scale of preference with one or two research to know the exact altocoins that will be much more profitable at later run.

[taufik123]

Getting a loan from a bank is a big responsibility and must be matched with passive income every month.
Taking a loan for investment capital in crypto is indeed very risky, but if you are sure and definitely taking a loan can be one way to get fresh funds. Op has to pawn some certificates to be able to get a loan and it is the responsibility of the OP to be able to pay the installments and interest every month.
I do not recommend taking a loan, if you have property or other valuables, it is better to sell it as capital. but if it is urgent and absolutely sure there is no way.

[apityeh71]

Your total balance of investment is high already, its no need to take loan to increasing the ROI. Now is more important to analysis the trend of crypto market, to predict when good times to sell your BTC and alltcoins and then quit from the bearish market. And then enter to others instrument of asset, like stocks or commodities, because when bearish market on crypto market, all coins will possible dump more than 90%. And we can enter again in crypto market after that. This compounding is way to increase the ROI of investment.

[bittraffic]

You got to have the mindset of Micheal Saylor to get a loan to invest in BTC. Saylor is already in debt because he buys more BTC while the prices are running down. If he keeps buying BTC while the price is just getting this low, he might just be the pushiest guy in crypto. So we'll never know how things could go if this bear will continue. He's bullish on Bitcoin so its a good that he has tons of BTC now, hope it works well soon for his business to keep up.

[boyptc]

It's been 2 days since OP posted this question and with the vast replies that this thread got, still he's not yet online. Hoping to read some good news from him and wise decision when he's back on this thread.

I'm sure that most of the suggestions that he had on this thread will be very valuable to him and could influence his decision making.

[Yatsan]

If you are talking about taking a loan from family bank with no interest, then maybe you should go for it then, but it seems like you have already tons of money to spend with so I think that will be enough. Even though there will be no interest upon taking up a loan, still it is money related and you have no assurance on when you can turn back what you have borrowed. You could at least make another way possible to obtain funds if you want to, but borrowing for the sake of investing is not really a good idea and it will just stress you out thinking that what you are spending is not your own money.

[Mistafreeze]

Get a loan if paying will not be difficult but since you intend investing it on a long term basis, always try and do market survey on the leading altocoins or probably taking your time to search for new coins that would have greater tendency to appreciate more with time.
Investing in altocoins is a good idea or place on put money on a long time interval. You can always get good altocoins on Binace or coinbase that will have good returns when you invest in them. Just carry out a good analysis on the coins you intend buying.

[spacelens]

You want to be careful when taking a loan or trading on margin as the market can change direction very quickly. The question is not only if you should take a loan but if you decide to do so, how much your loan should represent in percentage vs. the equity you have to trade. The higher the %, the riskier it becomes.

If you have never taken a loan or traded on margin and decide to do so, make sure to start small so the changes in your portfolio will not impact you too significantly. Try also to understand well all the implications this decision has and read online on what are the benchmark you should follow based on your risk profile. Education here is key.

[ChrisPop]

My advice is to not be greedy. Think very well if you need that kind of pressure on yourself. If the loan would be bigger than 20% of your total portfolio, if I were you I wouldn't take it at all.
Make sure you have other streams of income that can return the money to your family in case your crypto investments underperform.

Never, never depend on one single source of income. I know that maybe you've heard this countless of times, but it is true and many people forget this.

[DarkDays]

As I've read the entire thread, the majority are suggesting not to take a loan. I voted for that as well.
We can take some loan for a reason and even for trading but because this is too risky and less assurance that we can make a good profit (or even to lose all of it), it is not really a good option to take.

Anyways,
I hope OP has to come back in this thread and read our opinion. But of course, it's up to you if you consider our opinion or not as the final decision is yours.

Agreed with most of the votes on here. Now, it is not a good time to take out a loan. This is because the market is not yet clear and getting out a loan which you can't repay back in time will be unnecessary stress. It also depends on the strategy one applies on this loan, though usually given the market situation one would find it difficult to profit and repay back their loan.

[South Park]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

First of all this is a public forum you should never disclose so clearly how much money you have invested as that is a fortune for some people and they will do everything to try to separate you from it, second it is also a mistake to get a loan to buy bitcoin especially from your family, even if you are willing to wait for five years to breakeven do you think that your family is going to be able to wait for that long? Most likely the answer is no and this will create problems down the road.

[Fredomago]

As I've read the entire thread, the majority are suggesting not to take a loan. I voted for that as well.
We can take some loan for a reason and even for trading but because this is too risky and less assurance that we can make a good profit (or even to lose all of it), it is not really a good option to take.

Anyways,
I hope OP has to come back in this thread and read our opinion. But of course, it's up to you if you consider our opinion or not as the final decision is yours.

Agreed with most of the votes on here. Now, it is not a good time to take out a loan. This is because the market is not yet clear and getting out a loan which you can't repay back in time will be unnecessary stress. It also depends on the strategy one applies on this loan, though usually given the market situation one would find it difficult to profit and repay back their loan.

That last statement carry the loads, it depends from the strategy that you'll going to use, since OP already have a good amount of investment it seems that he's just trying to add more entrusting his fate to this business.

It's understandable that if you have a wealthy family and if it's for real tat they'll extend their hands to lend you more funds for your crypto investment, you have to balance your decision-making.

Long term holders way back are all achievers until now, they managed to trust and harvest the fruit of their success.

[abel1337]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

First of all this is a public forum you should never disclose so clearly how much money you have invested as that is a fortune for some people and they will do everything to try to separate you from it, second it is also a mistake to get a loan to buy bitcoin especially from your family, even if you are willing to wait for five years to breakeven do you think that your family is going to be able to wait for that long? Most likely the answer is no and this will create problems down the road.

Agree, Disclosing the funds to the public could result in a hacker's potential target.

Invest what you can afford to lose, An old quote but still gold in values. The effects to you when your loaned investment crash would be greater than when you gain from the loan. The trust of your family members would slowly tear apart if your investment crashes or just keep promising to repay it for a long time. I really can't recommend any kind of loan when investing in crypto. I myself hate loaning that I don't really take any kind of loan inside and outside the forum even if there is no interest in it. It is such a burden and could break your peace of mind.

[CryptocurencyKing]

All th le conditions seems perfect for a loan offer.
1. The crypto market is at a low looking at the all time high and where it dropped to now
2. The loan is from the family
3. It comes with an interest free package
4. Its for investment purposes, 5he kind that you stand to benefit by hodling. Though one thing isn't clear to me. That is,

If your family is prepared to wait on you for the 5years before a refund. Should they be willing to wait and your sure you'll be able to hodl, a loan at this moment for the purpose of investment isn't a bad idea at all. The best way to gain the market is by bringing in new money and that would be just it.

[milewilda]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

First of all this is a public forum you should never disclose so clearly how much money you have invested as that is a fortune for some people and they will do everything to try to separate you from it, second it is also a mistake to get a loan to buy bitcoin especially from your family, even if you are willing to wait for five years to breakeven do you think that your family is going to be able to wait for that long? Most likely the answer is no and this will create problems down the road.

I dont see any problem with this because no one can know on whose the person behind the account telling off that he hold up much money.
As long you dont give out some important details and you are much aware on how to be safe then i dont see any problems with that.
Its just way too big for someone to have such amount and still considering on taking a loan despite of the money he had currently have?
Better convert those alt profits in Bitcoin if he do intent to store up Bitcoin for long term.

[rhodelmabanal]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You need to be sure about you're dicision because even if the loan is from your family it doesn't mean that they will not get that loan back even if without interest they will get the capital back. But that was still a big advantage in you're part imagine you will get a loan without interest, but if you will use that loan in crypto then you better think twice because crypto is high on volatility and you need patience.

[flyer88]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You already have enough capital, why are you looking for a loan to your family? It's better to have money that already exists, you develop it so that it becomes more than before. It is very risky to play bitcoin from borrowed money. Because we never know what bitcoin will be in the future. Better to just undo it. Instead of later if it happens outside of what you want, the family will stay away just a matter of money.

[jaberwock]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Uuhm, I never liked the idea of taking a loan for investments especially when it's cryptocurrency. But since you said it's from your family, if they wouldn't bother much about it, then maybe you should give it a try. And before you do that, I think it will be good if you explain to them what it's all about and let know how long you might have to hold their money before you pay them back.

The market is relatively down now and we don't know whether it will go down further or just remain at the current price that we have right now. You can still invest now and continue to hold. Maybe the next halving will bring a bigger bull run than what we saw this year.

[kurniawan05]

No, Don't use loan to trade crypto, you must have assets that you must be prepared to lose, try to find sources of crypto income for free, for example by participating in bounties or airdrops.

[Tigerheart3026]

although you get a loan, no interest you have to pay for it's on behalf of the family,
but i do not think you need to take out a loan despite having such a large amount of holding assets in btc and other altcoins.
problems can arise if your family is suddenly under financial pressure.

[Benefactor]

The crypto market is exceptionally unpredictable and that implies if any coin can rise whenever. There is another crypto that can rise a great deal very much like KSM, ETH and some more. It's a similar like when you were seeing Ethereum in the past when it was so modest yet because of the solid principal and backing from the local area and Ethereum can go to the moon simply in under a quarter.

[Mahanton]

The crypto market is exceptionally unpredictable and that implies if any coin can rise whenever. There is another crypto that can rise a great deal very much like KSM, ETH and some more. It's a similar like when you were seeing Ethereum in the past when it was so modest yet because of the solid principal and backing from the local area and Ethereum can go to the moon simply in under a quarter.

No one can assure on what would the future holds and you are right where i do remember those days where ETH is just starting up and it isnt really getting much of attention and to those who had risk out on supporting it did really paid off when it begins to get some recognition as the months pass by.Yes its a bit of a gamble on selecting out which coins should be invested if we do consider on how many projects in the market then you would really
be having a hard time but with proper search and proper risk management then you can eventually at least do know on what you are doing.

[isaac_clarke22]

~

Dunno who he is, but I imagine how he is determined to do that kind of risk.
I am not even sure if I can repay that much if I was under his shoes, especially in this market condition where BTC go from 60k-ish down to 40k-ish.
Ugh, the financial stress.

[kram31]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You have a large amount of money dude. Actually, that amount of money here in my country is equivalent of millions here where
I can able to have a brand new house and lot, vehicles and business own for sure. But I wonder why Loan? isn't much better to lend your
family with your own family instead what you are planning? You don't need others opinion, you have the money and capable to do it.

[awik p]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You have a large amount of money dude. Actually, that amount of money here in my country is equivalent of millions here where
I can able to have a brand new house and lot, vehicles and business own for sure. But I wonder why Loan? isn't much better to lend your
family with your own family instead what you are planning? You don't need others opinion, you have the money and capable to do it.

with that much money I think you can maximize the capital, but it's a different story if you want to get even more profit. but what do you borrow from a relative if you want no interest. I think it actually disturbs our psychology. we know in this business psychology is the most important thing

[chikading2016]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

My opinion is that it is ok that you will loan to buy some more bitcoin specially when the loan is interest free. It an advantage that the loan is interest free it is safe than the loan with interest, it is also best strategy if you will not fucos on bitcoin there are so many altcoins that also good for investment.

[Renampun]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I estimate your financial condition is stable, so don't hesitate to take a loan to buy more coins...

taking a loan to buy crypto coins sounds risky but who knows, it could be that in the next few months your assets increase 3x or 5x, you profit, and your debt can be paid. As long as you can manage your finances well, don't worry about taking a loan.

[Rexler]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

IMO you already have enough money invested in the crypto space, why do you still want to invest more? Even though the loan is from your family and interest free, don't you think you are going against this rule of "not investing what you can't afford to lose" putting all your eggs in one basket is very risky you know, what if bitcoin doesn't go up goes south after you invest everything in it, I think you should reconsider before going all in to avoid being unhappy lately on, the market won't always go up so it's not guaranteed that if you wait for 5years you will still get a profit out of your investment.

[Lanatsa]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Don't do it man. You already have 160k USD invested in crypto currencies. If you take out a loan to increase your risk exponentially. Does your family need the money any time soon? Imagine prices are going down even further. It would be very sad if your family needs the money back and you are forced to sell at a loss. Personally I would only take money from my family if I really need it. And I would be very happy if I already own 160k USD in cryptos. You must have made a lot of money. Congrats.

Majority of people on this forum would really be seeing these numbers to be huge but there are people who do treat up that these are just small money and now the had been asking out if he should took some loan where it isn't really that necessary at all.

If I do have that amount of money then its not needed since you can always diversify those into smaller parts or simply those money you had generated on alts
would be converted to Bitcoin.

No need to take loan because you are just simply trying to look for some problem on repaying something if you do have money or doesn't really need it.

[lalabotax]

To be honest, one of the most ignored things to do in crypto is loaning money to invest in crypto. We don't know the future of crypto and we don't know how long it will rise up. Once you lose your money, you may not be able to pay your loans and their interests, and you will be stressed because of losing much money and must pay for the loans. There were so many experiences and lessons here by the people loaning money for crypto and being stressed in their life

[livingfree]

Using loans/credit to buy crypto is never a good idea.

Yes.

It's never been a good idea to use loans to buy crypto. You'll like holding a double edge sword on your hands. That's why you shouldn't decide to take loans just for crypto or anything that makes you think that it's a good idea.

Be clear that if you're investing to cryptocurrencies, you're using money that didn't came from borrowing.

[BitTraderCute]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

it was huge amount dude, using loan to add your bag in bitcoin or altcoin doesnt make it better. you have to anticipate worst scenario that might happen suddenly in market. be wise with your investment and dont be greedy or market will take everything you have. alot of example for traders that use loan , they lost money, family and even crazy.

[perfect999]

Crypto is always a risky trade and there are many coins where only a handful of people control the market trend. Rather than taking a loan, learn trading, Do your own research and invest early in potentially good projects.

I guess there are 2 things we need to consider here; if OP is about to loan for the purpose of investing then I guess they may go for it and at the same time if the loan will be for the sole purpose of trading in cryptos, then I as well will suggest not to go for it for the same reasons like you have mentioned.

The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.

If I were you, definitely I will not call that a loan because in more sense, it is kind of help we are getting from our family members (and from colleagues/friends) and definitely we are going to pay them back then why we should call it loan?

[LUCKMCFLY]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You have a large amount of money dude. Actually, that amount of money here in my country is equivalent of millions here where
I can able to have a brand new house and lot, vehicles and business own for sure. But I wonder why Loan? isn't much better to lend your
family with your own family instead what you are planning? You don't need others opinion, you have the money and capable to do it.

Although the advice is very good, I think about what he is looking for, obviously he wants to play it all or nothing, if he wins I think his life and his whole family have already settled, although his instinct tells him that he must make the loan he has to, but The only thing is that I do not recommend that you put everything in alts, that you diversify your money with another ratio, I would say 80% for BTC and the other 20% for alts, that way I think you could go much safer.

BTC can give many surprises, among them it can go down even more and stay there for a long time, so I recommend that you have your money well managed in case you have to wait longer waiting for the good bullish movement of BTC that surely, if you have it Everything under control and you need the loan, do it, everything in life is a risk, sometimes to win you have to bet.

[South Park]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

First of all this is a public forum you should never disclose so clearly how much money you have invested as that is a fortune for some people and they will do everything to try to separate you from it, second it is also a mistake to get a loan to buy bitcoin especially from your family, even if you are willing to wait for five years to breakeven do you think that your family is going to be able to wait for that long? Most likely the answer is no and this will create problems down the road.

I dont see any problem with this because no one can know on whose the person behind the account telling off that he hold up much money.
As long you dont give out some important details and you are much aware on how to be safe then i dont see any problems with that.
Its just way too big for someone to have such amount and still considering on taking a loan despite of the money he had currently have?
Better convert those alt profits in Bitcoin if he do intent to store up Bitcoin for long term.

This is not my problem with this, just as we do not know the identity behind the account that person cannot know the people behind all of the accounts that are probably PMing and offering him advice, we must remember that people get scammed way more often than getting hacked which means that a few convincing words can be all what is necessary to convince a person to give up their coins, and once a person does that then there is almost no way to get those coins back.

[barbara44]

For anyone that wants to take out a loan, loans are there to make you financially better and not worse, people should realize that. So when you question if you should get a loan or not, really think what you are going to use it for, is it something that will make your life better financially, now or in the future, or is it something that is risky? I can also get a loan and wager that all at once, which means I could also win, but I could also lose as well so who knows? Should I do that?

It is basically a thing that is provably good for your finances, buying a house, getting a car, buying out your debt from a bad interest to move it to something better, or shorter debt to longer debt to drop the monthly, basically it needs to make it better for you or you are not going to live a good life for a very long time, hence why you should try to not take a loan unless you are 100% sure.

[NewRanger]

To be honest, one of the most ignored things to do in crypto is loaning money to invest in crypto. We don't know the future of crypto and we don't know how long it will rise up. Once you lose your money, you may not be able to pay your loans and their interests, and you will be stressed because of losing much money and must pay for the loans. There were so many experiences and lessons here by the people loaning money for crypto and being stressed in their life

many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.

[Quidat]

To be honest, one of the most ignored things to do in crypto is loaning money to invest in crypto. We don't know the future of crypto and we don't know how long it will rise up. Once you lose your money, you may not be able to pay your loans and their interests, and you will be stressed because of losing much money and must pay for the loans. There were so many experiences and lessons here by the people loaning money for crypto and being stressed in their life

many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.

You would really be having a big problem if you don't know on how to handle up yourself when taking up a loan and you should know on how to repay once you do consider on taking one and it isn't bad if its intended for investment but be sure that you can really repay it because once you do miss out on repaying it then this is where the problem do begins and since op does still have money to spent then I don't see a reason on why he would be needing to take some loan as we can see that he had lots of money to spent on and Its not a good idea on doing so if he wont really like for possible problems then better skip that idea for now.

[zanezane]

many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.

I have seen one of these stories, an acquaintance of mine did a loan which he couldn't pay at the right time which ended up costing him more because of interest and ended up with no profit because he won big in trade but all went to paying the loan, so if I were OP, I would think twice getting a loan.

[conected]

many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.

I have seen one of these stories, an acquaintance of mine did a loan which he couldn't pay at the right time which ended up costing him more because of interest and ended up with no profit because he won big in trade but all went to paying the loan, so if I were OP, I would think twice getting a loan.

- Winning in crypto is a story without a deadline, which has also become a weakness for loans, unlike loans that invest in gold and real estate, their value has an upward speed and it is difficult to fall into a downtrend, crypto is more of a rebellious nature and because of this rebellious character, crypto has very strong and damaging liquidations, sometimes loans are added to what we have lost and losses are doubled. Going into crypto loans is not a fun idea, keep our money well before touching this big idea

[newdevices]

many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.

I have seen one of these stories, an acquaintance of mine did a loan which he couldn't pay at the right time which ended up costing him more because of interest and ended up with no profit because he won big in trade but all went to paying the loan, so if I were OP, I would think twice getting a loan.

Taking loans to invest or trade is really risky. It is either give you profit or give you headache. Loans are easy to get but hard to repay if you don’t have a specific source of repayment. You don't hold the market so you are also not sure if you will make or lose. All I want to say is avoid loans as you can and just invest the amount that you can afford to lose.

I even agree if you take a load during the current situation, because the price of altcoins is very cheap,
of course this will be the last bottom for altcoins, because the altcoin seson hasn't arrived yet, so if you take a loan now then you will not lose,
yes of course before buy altcoins make sure you match the analysis you make, and make sure your strategy must be implemented

[jostorres]

Taking loans to invest or trade is really risky. It is either give you profit or give you headache. Loans are easy to get but hard to repay if you don’t have a specific source of repayment.

I am also having very similar view like you but after realizing their potential of bitcoin and seeing its past performances, I strongly believe availing loan for the purpose of investing into bitcoin may not be a wrong decision. Because, bitcoin will definitely get you profits over the time if you are ready to hold it for years. When there will be something assured like 99% guaranteed returns then I believe you there will be nothing wrong to going for loan for investing with that.

the price of altcoins is very cheap, of course this will be the last bottom for altcoins, because the altcoin seson hasn't arrived yet, so if you take a loan now then you will not lose

There cannot be any sustaining analysis for this because altcoins can move at any direction at any time because they are purely depending on how bitcoin market is trading. Moreover, if you are going to invest in altcoins then definitely it is recommended NOT to go for loans for the purpose of investing in altcoins because any investment other than bitcoin will be highly dangerous and might get you losses at most of the times.

[RealMalatesta]

For anyone that wants to take out a loan, loans are there to make you financially better and not worse, people should realize that. So when you question if you should get a loan or not, really think what you are going to use it for, is it something that will make your life better financially, now or in the future, or is it something that is risky? I can also get a loan and wager that all at once, which means I could also win, but I could also lose as well so who knows? Should I do that?

Taking loans for gambling and trading are two very different things. Wagering your coins is simply gambling while holding your coins as OP said he can even wait for 5 years is actually investing and since the loan he mentioned is interest-free, there is absolutely no way I see the value of bitcoins not increasing in the next 5 years, I mean surely the value will be at least double and if even not double, I don't see it dropping.

In simple words, if I was getting an interest-free loan for 5 years, I might buy bitcoins and lock them for a year or at least until the value is doubled.

Taking loans can be bad if you have to pay some interest because then you are under a hammer where you either earn worth as much as the loan interest monthly or you are going to pay from the loan amount itself which hurts and gets worse.

[Fredomago]

I even agree if you take a load during the current situation, because the price of altcoins is very cheap,
of course this will be the last bottom for altcoins, because the altcoin seson hasn't arrived yet, so if you take a loan now then you will not lose,
yes of course before buy altcoins make sure you match the analysis you make, and make sure your strategy must be implemented

If you have the guts and the nerve to take those loans believing that the market will rise back and gives you decent profits. It's a case to case basis, knowing that risk is really high.

There are people who are good in understanding the situation and they are confident to take loans, they know how to play with the situation.

They can take a good amount of profits after paying the loan once the market start to pump up.

Make sure that you have that knowledge in anticipating the time frame, paying loans from your investment earnings makes you more successful from this field.

[dimonstration]

many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.

I have seen one of these stories, an acquaintance of mine did a loan which he couldn't pay at the right time which ended up costing him more because of interest and ended up with no profit because he won big in trade but all went to paying the loan, so if I were OP, I would think twice getting a loan.

Taking loans to invest or trade is really risky. It is either give you profit or give you headache. Loans are easy to get but hard to repay if you don’t have a specific source of repayment. You don't hold the market so you are also not sure if you will make or lose. All I want to say is avoid loans as you can and just invest the amount that you can afford to lose.

Invest only if we have extra, loans will make us too pressured to trade. The market is in bear but it does not mean it's the right time to buy thru loans. Invest only what is left in US and don't expect that when you loan the market will suddenly going at bull. Do extra job and invest it than risking in loans that may cost too much interest.

[ahoenk]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Rules numbet 1 is " never taking any loan for your investment ".
Is your portofolio on profit ? How many percent ? If yes then just let it be like that and wacth your money growing.

If you are in profit its mean you are in good position and dont make it bad by taking loan, even if its comes from your family and interest rate free ( Money does not have family ). You only can destroy your family relationship if somethings goes wrong.

[milewilda]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Rules numbet 1 is " never taking any loan for your investment ".
Is your portofolio on profit ? How many percent ? If yes then just let it be like that and wacth your money growing.

If you are in profit its mean you are in good position and dont make it bad by taking loan, even if its comes from your family and interest rate free ( Money does not have family ). You only can destroy your family relationship if somethings goes wrong.

Considering those are gains then it isnt really needed nor necessary to take some loan and its true that money could really be the root for you to have some quarrels inside the family which it isnt really worth for you to do so and you do already have money then what would you do aim for more?
You have already in amount in BTC and you do already have an amount in Altcoins then if you do tend to diversify more then you can always pull out those
funds and diversify rather than on taking a loan into your family members but if you are really in doing so its your choice but remember to pay them on time.

[boyptc]

I have seen one of these stories, an acquaintance of mine did a loan which he couldn't pay at the right time which ended up costing him more because of interest and ended up with no profit because he won big in trade but all went to paying the loan, so if I were OP, I would think twice getting a loan.

That's just a taste of trading and sweet victory at the beginning.

But that doesn't mean that whenever a newbie earns a lot from their very first trades, they should invest big quickly. That's a very wrong strategy that will lead them to lose more.

That person you knew probably has learned his lesson but sadly, it had brought him obligation to pay higher interests.

[cryp24x]

It's not a good a idea to make loan in crypto industry mate, especially your not the one who will get a loan, instead your family, right?
No good dude. Besides, instead of doing it, why not you borrow them a money coming from your pocket? isn't a good idea and plan because it is your own family.

[lienfaye]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Well you already have huge investment for bitcoin and alts so I think its not necessary to take a loan even there's no interest. Plus its not advisable to invest using a loan money, sure its your family and they're also willing to wait until you repay them but if something went wrong or they already needed the money and the price of bitcoin and alts are still in dip then its going to be a problem. Sometimes (or often) greed can make us think of something that can put as into a bad situation.

[South Park]

For anyone that wants to take out a loan, loans are there to make you financially better and not worse, people should realize that. So when you question if you should get a loan or not, really think what you are going to use it for, is it something that will make your life better financially, now or in the future, or is it something that is risky? I can also get a loan and wager that all at once, which means I could also win, but I could also lose as well so who knows? Should I do that?

It is basically a thing that is provably good for your finances, buying a house, getting a car, buying out your debt from a bad interest to move it to something better, or shorter debt to longer debt to drop the monthly, basically it needs to make it better for you or you are not going to live a good life for a very long time, hence why you should try to not take a loan unless you are 100% sure.

Which is why a great deal of the loans given today are completely unnecessary, we are living in an age in which getting a loan is incredibly easy, for the most part of history getting a loan was difficult and you needed to show it was going to be used for a productive activity, now most loans are meant for consumption which means that they do not really benefit you and are in fact playing against you on the long term, but since people have no financial education they keep doing this over and over again until they find themselves too indebted to do anyting about it.

[isaac_clarke22]

~

So it was all just breakeven for your acquaintance, huh?
What was his/er reason of loaning in the first place, anyway? As I mentioned in this thread before, it is just doubling your risk because you might not be able to pay the said loan and it would be almost just breakeven at the best.
I am still curious on the reason of your acquaintance though.

[dota2bestplayer]

Since the investment is considerable, why choose a loan? If you don't have extra funds, I suggest not to take a loan, but to invest according to your own personal ability. In addition, although altcoins are sometimes profitable, they are also risky. If it were me, I would not choose to use my family's money to gamble, I would try my best.

[dunfida]

Since the investment is considerable, why choose a loan? If you don't have extra funds, I suggest not to take a loan, but to invest according to your own personal ability. In addition, although altcoins are sometimes profitable, they are also risky. If it were me, I would not choose to use my family's money to gamble, I would try my best.

There's always greed seeing the market on a red charts before and if did loan some funds, for sure he already make profit right now as the market recovers.

If you are going to loan for investment purposes or for trading and you know that you can get that money back in time, then there's nothing wrong about it just don't ask for a loan that you can't afford to pay especially if you lose that money in trading. There's always a risk, but if you personally see an opportunity to buy at a cheaper price, then I think its worth the risk.

But getting that money in time cant be determined because we dont know on when it would pump out so when you do took a loan then you shouldnt rely on the profits you can possibly made with crypto.

It is not really that worth the risk if you do ask me, it is much better if you do make out investment on not a loaned money because you cant be sure if you can repay it on time

but if you do have other source of income that can compensate with that then its up to you.

[andriarto]

Since the investment is considerable, why choose a loan? If you don't have extra funds, I suggest not to take a loan, but to invest according to your own personal ability. In addition, although altcoins are sometimes profitable, they are also risky. If it were me, I would not choose to use my family's money to gamble, I would try my best.

There's always greed seeing the market on a red charts before and if did loan some funds, for sure he already make profit right now as the market recovers.

If you are going to loan for investment purposes or for trading and you know that you can get that money back in time, then there's nothing wrong about it just don't ask for a loan that you can't afford to pay especially if you lose that money in trading. There's always a risk, but if you personally see an opportunity to buy at a cheaper price, then I think its worth the risk.

But getting that money in time cant be determined because we dont know on when it would pump out so when you do took a loan then you shouldnt rely on the profits you can possibly made with crypto.

It is not really that worth the risk if you do ask me, it is much better if you do make out investment on not a loaned money because you cant be sure if you can repay it on time

but if you do have other source of income that can compensate with that then its up to you.

indeed we should invest according to ability and not to force ourselves like looking for a loan. in a trade we must be able to calm down in order to think logically. loans will only make us greedy and make our minds become chaotic, so that trading concentration is not obtained. I think wealth will be obtained only through the process, not in the blink of an eye

[Prettyjing34]

If it’s your family and it’s interest-free, you can try it, but don’t invest blindly. You can choose some valuable altcoins to invest, but the premise is that you have to understand and have learned, and have a certain degree of altcoins. You have to understand that after you make a certain amount of money in altcoins, you can repay your family members and use more money to invest. However, investment is risky. Keep a good attitude and wish you success in investing.

[kawetsriyanto]

...

exactly, considering a loan for trading or investing is risky enough.
Moreover, we are new at this concern.
Many people may expect too high and much about getting profits as soon as possible and as much as possible by using more money to tarde or invest. But, many people forget that high profits also require high risks.
we may think about the profits probability that we can gain, however, never forget the money that we may also spend adn lose because of sudden dropped rpices, bearish traps, and also worse with panic sell or panic buy.
'
This is completely risky.

[Sirait]

The loan would be from my family and interest free.

if I were you I would borrow and buy more bitcoins and some altcoins because the loans are interest-free and without deadlines. the end of this year for sure the crypto market will be bullish again as many predicted, buying now is the best time.

[Johnyz]

thats the best kind of loan to collect and invest into crypto because no pressure and interest rate to pay back within a stipulated time. you can buy more especially if there is more dips. if you are currently in profits then dont rush to invest more now.

There’s a good and bad debt, you have to categorize this as a good one because its for investment purposes, the risk is there but if you are confident enough about the market then its your call, just don’t push yourself beyond your limit, that’s not healthy anymore if its beyond that. If its profit, take it and reinvest it so you won’t need to borrow money to anyone, just use that funds until it becomes big money.

[Kittygalore]

Bitcoin and almost any other investment is risky and doing loans is probably the most stupid thing to do especially if you know that you don't have enough money to pay it back as quick as possible, loans for investment only works when you are an influential and rich businessman.

[john_nautica]

thats the best kind of loan to collect and invest into crypto because no pressure and interest rate to pay back within a stipulated time. you can buy more especially if there is more dips. if you are currently in profits then dont rush to invest more now.

There’s a good and bad debt, you have to categorize this as a good one because its for investment purposes, the risk is there but if you are confident enough about the market then its your call, just don’t push yourself beyond your limit, that’s not healthy anymore if its beyond that. If its profit, take it and reinvest it so you won’t need to borrow money to anyone, just use that funds until it becomes big money.

By indulging oneself in procuring loans or debts to be used for investment, one must be wise enough in making decisions. It is risky to resort to this way, and also to have a too high expectation, so probability of gaining profits must be studied hard. If something unfortunate happens, money would not be the only thing that is loss but also the relationship and trust of families and relatives.

[Raflesia]

...

exactly, considering a loan for trading or investing is risky enough.
Moreover, we are new at this concern.
Many people may expect too high and much about getting profits as soon as possible and as much as possible by using more money to tarde or invest. But, many people forget that high profits also require high risks.
we may think about the profits probability that we can gain, however, never forget the money that we may also spend adn lose because of sudden dropped rpices, bearish traps, and also worse with panic sell or panic buy.
'
This is completely risky.

Loans are used only for trading and investment. This is a big risk, it shouldn't be easier, even if it's a big risk. I can't imagine if the market conditions become so bearish.
I'm sure with them doing loans hoping that this will be a higher profit even though this doesn't determine good or even bad results, so vice versa, and those who do this are of course ready with the risks involved, and once he is a professional, the loan is still a become a burden when it cannot recover within the grace period of the loan.

I know there are so many pitfalls in the crypto market with its FUD and others so if this is inside of me of course I can't control it.

[conected]

The loan would be from my family and interest free.

if I were you I would borrow and buy more bitcoins and some altcoins because the loans are interest-free and without deadlines. the end of this year for sure the crypto market will be bullish again as many predicted, buying now is the best time.

- Family can be your limitless bank and always help you in every moment of your life but you should also know that the stomach of this market has an almost limitless ability to absorb, once you have been swallowed too deeply by it, your money will be digested by it and moved to another place, your family may not push you for loan repayments but your self-esteem and desire to win will push you and you may be embarrassed by failures in the event of a rush and unpredictability.

[Mpamaegbu]

However, I could use some opinions first. What do you guys think I should do?

Something didn't smell right when I read the OP. That was how I felt as I doubted the story. So, I took a peep at the OP's profile to find out if what my hunch tells me is right. Bingo! There it is! My hunch is right. The OP is just a troll. Obviously, they could be someone with a high rank here trying to troll with a noob account. Why did I say so? Check the OP's profile. Well, don't bother with that. Let me attach it here for all to see. Time of opening the account, asking the question and last time logged in is just 14 minutes interval. It simply means that OP asked the question without any intention to read from comments, at least not from that account.

In fact, it's just a second difference from the time it was posted and when OP was last active. Meaning that OP posted and left immediately.

[isaac_clarke22]

~

Makes me want to mention this thread in Meta. Have you noticed many newbies/junior members opening threads lately?
Except that the OP doesn't seem to fish for merits. It could be just a made-up story.

[Lanatsa]

In fact, it's just a second difference from the time it was posted and when OP was last active. Meaning that OP posted and left immediately.

I checked it out too and I have seen the same thing which basically means that he just posted and left without seeing any comments or suggestions or feedbacks but since you can check out
community response without logging in then it might be possible that he already get the things or idea that he wants.

Getting a loan for investment  isn't bad but be sure that you can pay up those back in said time or due date to avoid problems.If you do see that its worth the risk then go ahead

but don't forget to have back up plans in case the thing you anticipated didn't happen.

[carrigan]

Currently I have $109,750 in Bitcoin and $60k in alts.
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down.

I think you have owned enough numbers of Bitcoin and altcoins, so you don't really need a loan. You must be careful with the crypto market trends, it is totally unpredictable. Holding 5 years doesn't guarantee you make good profits, instead there is always a chance for a loss. Don't be greedy to expect more profits, no one really knows what's happening in the future! Since we are in bullrun, I think it is not a proper time to buy more for the long term.

[Karish2return]

Getting a loan is not a right choice for trading in my opinion, but if you are studying the trading that how can you do, then only you can take loan if you know that you can get profit in trading, I hope that will be a better choice. That was just my opinion, it is upon you now.

[xmonkeyx]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

That is good. I really agree with your plan, where with the assets you currently have you can minimize the risk of paying your loan if something unwanted happens, such as a price that continues to decline until you cause a loss. You can pay off your loan with your current assets, which is quite a lot as you mentioned.
Moreover, interest-free loans from families are of course very easy and there is no pressure to pay them off immediately.

[kram31]

If you are qualified to apply for their loan program, take the chance that's my advice to you.
Then, once you get the money use that fund to buy some potentials altcoins that can give
you a future good profit, In short hold it in the long term.

[seleme]

If you feel comfortable with lower prices and decreasing altcoin portfolio value, it is ok to take a loan for investing more. Otherwise, you will feel stressed in the long term and every crash on the market will make you sick. By the way, it can take years to reach the break-even point, unless you are impatient it worth risk investing more with the interest-free loan amount.

But, don't forget the first rule never ever: Never trade the amount which you can't afford to lose. After REKT, it will be hard to accept a logical decision and trading with emotions is the last thing you wanna see. Never fall to the trap of leverage and increase the margin amount based on speculative trading decisions.

[Twinkledoe]

If you feel comfortable with lower prices and decreasing altcoin portfolio value, it is ok to take a loan for investing more. Otherwise, you will feel stressed in the long term and every crash on the market will make you sick. By the way, it can take years to reach the break-even point, unless you are impatient it worth risk investing more with the interest-free loan amount.

I would not suggest for him to take a loan, rather just enrich what he has. Taking a loan is another responsibility that you need to take, and if you make few mistakes, it will be lost for nothing. And that is hard to take. You are always in the chase as you want to recover what you took from the loan. You can't even have a good night sleep because you are worried that the money will be lost if you try to take a break. So nope, better deal with your own funds and not borrowed ones.

[aditasetia123]

If you feel comfortable with lower prices and decreasing altcoin portfolio value, it is ok to take a loan for investing more. Otherwise, you will feel stressed in the long term and every crash on the market will make you sick. By the way, it can take years to reach the break-even point, unless you are impatient it worth risk investing more with the interest-free loan amount.

I would not suggest for him to take a loan, rather just enrich what he has. Taking a loan is another responsibility that you need to take, and if you make few mistakes, it will be lost for nothing. And that is hard to take. You are always in the chase as you want to recover what you took from the loan. You can't even have a good night sleep because you are worried that the money will be lost if you try to take a break. So nope, better deal with your own funds and not borrowed ones.

it is suicide if we trade using loan , we will easy to be panic when price drop.

[OgNasty]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Don't involve your family, you will regret it.  There are crypto sites that will let you use your Bitcoin as collateral for a fiat loan.  I would look into those as a potential solution.  Sure, you'll have to pay to do it, but it will be well worth the amount you spend.  As they say, there's a reason divorce is so expensive... Because it's worth it.  Don't risk ruining relationships with your family over money.  There will be plenty of opportunities to do that in the future without destroying your love for crypto in the process. 

[Yamifoud]

If you feel comfortable with lower prices and decreasing altcoin portfolio value, it is ok to take a loan for investing more. Otherwise, you will feel stressed in the long term and every crash on the market will make you sick. By the way, it can take years to reach the break-even point, unless you are impatient it worth risk investing more with the interest-free loan amount.

I would not suggest for him to take a loan, rather just enrich what he has. Taking a loan is another responsibility that you need to take, and if you make few mistakes, it will be lost for nothing. And that is hard to take. You are always in the chase as you want to recover what you took from the loan. You can't even have a good night sleep because you are worried that the money will be lost if you try to take a break. So nope, better deal with your own funds and not borrowed ones.

There are two types of debts, one is good debts where you use for business capital or whatsoever as long as you can expect returns from it.
And the 2nd is bad debt where you just borrowing money for your leisure and additional nonsense expenses.
Borrowing money will be considered as good debt but because of the nature of the market where the money used for trading couldn't give us assurance and there is no assurance as well that we can pay it back once we got lost. Maybe if we have other sources of income may help.

[passwordnow]

There are two types of debts, one is good debts where you use for business capital or whatsoever as long as you can expect returns from it.
And the 2nd is bad debt where you just borrowing money for your leisure and additional nonsense expenses.
Borrowing money will be considered as good debt but because of the nature of the market where the money used for trading couldn't give us assurance and there is no assurance as well that we can pay it back once we got lost. Maybe if we have other sources of income may help.

This is so right. It may be a good debt but in this very volatile market, you cannot expect that it will always be profitable with that money. Unless you have some other resources that can keep with your loan and it will also be your 2nd source that will help to pay the loan. This is the of most businessmen but this is different from owning a business although trading is also considered a business by many but the process of it is literally different from the usual that we know.

[dustboy]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You have that much amount already so better to stop your greedy by taking a loan from your family. There is no guarantees that you will make profit from the loan after 5 years. No one knows what will happen with crypto industry in the next 5 years. The only suggestion that I can give, use your own money only by maximizing the chance to get profit as you can. The risk does exist, so even if you have to take the risk then it is your own money only.

[Helpme_please]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You have that much amount already so better to stop your greedy by taking a loan from your family. There is no guarantees that you will make profit from the loan after 5 years. No one knows what will happen with crypto industry in the next 5 years. The only suggestion that I can give, use your own money only by maximizing the chance to get profit as you can. The risk does exist, so even if you have to take the risk then it is your own money only.

It is too risky if we use money from loan for our investment beside there is no guarantee what will happen to crypto market in next 5years but also we didn't know some urgent needs that maybe will occur and need our money to filled this. When we need money and unfortunately we haven't , loan will be solution for our problem. If we have been used for investment  how could find other solution?

[Quidat]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You have that much amount already so better to stop your greedy by taking a loan from your family. There is no guarantees that you will make profit from the loan after 5 years. No one knows what will happen with crypto industry in the next 5 years. The only suggestion that I can give, use your own money only by maximizing the chance to get profit as you can. The risk does exist, so even if you have to take the risk then it is your own money only.

It is too risky if we use money from loan for our investment beside there is no guarantee what will happen to crypto market in next 5years but also we didn't know some urgent needs that maybe will occur and need our money to filled this. When we need money and unfortunately we haven't , loan will be solution for our problem. If we have been used for investment  how could find other solution?

Suicide for me to say unless if you do have other source of funds which you can pay up the loan incase the investment you had had failed on where you can still repay those amounts if ever.
The thing here if you do rely or depend on that investment return for you to repay then better not to do something like that if you dont like to have some headache or possible problems ahead.
Getting a loan is something that should be think off twice or thrice if it would be worth or not and its a matter of risk taking because if you do see some opportunity to grab and you do lack
out some funds then its a choice but of course you do need to think of about your responsibility on paying it back.

[passwordnow]

This is so right. It may be a good debt but in this very volatile market, you cannot expect that it will always be profitable with that money. Unless you have some other resources that can keep with your loan and it will also be your 2nd source that will help to pay the loan. This is the of most businessmen but this is different from owning a business although trading is also considered a business by many but the process of it is literally different from the usual that we know.

maybe I can argue, in trading emotional calm is really needed, I think debt for business needs is not a problem, but it must be based on qualified trading skills, if you are still an amateur, I recommend not looking for a loan for this business, because we can panic sell and end up losing. a lot of people do things like this, but it's actually going to be more risky

It is exactly what's happening for those traders that saw the potential but they're not yet as good as the other traders. They're brought up with emotions because of the projected profit that they can make every trade that they does. And that's the reason why they've coming up with the idea of taking a loan from whoever is available in their network or even with the banks. The main concern is that they're not calculating the risk and the other circumstances that they might surprisingly face as they trade.

[Questat]

This is so right. It may be a good debt but in this very volatile market, you cannot expect that it will always be profitable with that money. Unless you have some other resources that can keep with your loan and it will also be your 2nd source that will help to pay the loan. This is the of most businessmen but this is different from owning a business although trading is also considered a business by many but the process of it is literally different from the usual that we know.

maybe I can argue, in trading emotional calm is really needed, I think debt for business needs is not a problem, but it must be based on qualified trading skills, if you are still an amateur, I recommend not looking for a loan for this business, because we can panic sell and end up losing. a lot of people do things like this, but it's actually going to be more risky

It is exactly what's happening for those traders that saw the potential but they're not yet as good as the other traders. They're brought up with emotions because of the projected profit that they can make every trade that they does. And that's the reason why they've coming up with the idea of taking a loan from whoever is available in their network or even with the banks. The main concern is that they're not calculating the risk and the other circumstances that they might surprisingly face as they trade.

Everyone is responsible for their action, what we are doing is risky already and if we try to borrow money just to start trading, then that would be another risk that we should handle. I think there are people who do it successfully but I'm pretty sure they are good at trading and they think wisely before borrowing that money to trade. In general, it's not bad to borrow money to trade because there are people who borrow money also for the capital of their business.

[adzino]

First rule of investment (when investing on something very volatile like crypto currencies), invest only what you can afford to lose. I am sure you can't afford to lose money that you have borrowed, right? If you are taking a loans because you can't afford to lose it. So no, don't get loans to invest in crypto currencies. Its more risky because you want to invest on altcoins. Higher chances of losing your money. But then again, want to take some risks? Then yeah, go ahead. Don't forget about the consequences though.

[milewilda]

You do have money to be used then why would consider on taking up a loan? Sell those altcoins you do have and convert it to bitcoin.
You dont need to take up a loan if you do have money to use up but if you do have plans on extentions or widening up your portfolio then its your choice
but be mindful on repaying those loans to avoid possible problems but number one rule of this crypto investment or any investment on there is
on risking only the amount that you can afford to lose.

[horrifiedx1]

You do have money to be used then why would consider on taking up a loan? Sell those altcoins you do have and convert it to bitcoin.
You dont need to take up a loan if you do have money to use up but if you do have plans on extentions or widening up your portfolio then its your choice
but be mindful on repaying those loans to avoid possible problems but number one rule of this crypto investment or any investment on there is
on risking only the amount that you can afford to lose.

right, I agree ... until now I'm investing little by little in bitcoin, I don't have capital, but from this forum I try my luck so I have a valuable token. from that gift I can set it aside to buy bitcoin, so I believe that later I will be able to get rich from this investment, even from scratch. only people with ambitions of getting rich in the near term need a loan

[Tim-BTC]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

You already have the money why you should take a loan for? This is just an advice but if I do have that kind of money probably I'll just make it grow through trading, maybe studying trading will help you earn more alts or Bitcoins but getting a loan I think that's not necessary, though that's just my personal opinion.

Not everyone can profit from trading. On the contrary, most people will lose bitcoins in transactions, and there will be fewer and fewer bitcoins in their accounts. So I don't recommend him to trade.

[ultrloa]

You do have money to be used then why would consider on taking up a loan? Sell those altcoins you do have and convert it to bitcoin.
You dont need to take up a loan if you do have money to use up but if you do have plans on extentions or widening up your portfolio then its your choice
but be mindful on repaying those loans to avoid possible problems but number one rule of this crypto investment or any investment on there is
on risking only the amount that you can afford to lose.

This is where loan default starts since they always though that its good idea to take some loan just to have capital to invest on crypto and they really don't understand how big the risk for doing it that's  why its really good to invest what we have and erase those thoughts that we can earn thousands of bucks for joining the hype on crypto. As you said  he have money so better he used it and if he cannot take  to lose what he currently have better spend a few bucks and try to make it grow since from this he could test the waters for him.

[defi-Dany]

If you can get an interest-free loan that lasts for five years, I would recommend buying bitcoin in batches, one each season.

[passwordnow]

It is exactly what's happening for those traders that saw the potential but they're not yet as good as the other traders. They're brought up with emotions because of the projected profit that they can make every trade that they does. And that's the reason why they've coming up with the idea of taking a loan from whoever is available in their network or even with the banks. The main concern is that they're not calculating the risk and the other circumstances that they might surprisingly face as they trade.

Everyone is responsible for their action, what we are doing is risky already and if we try to borrow money just to start trading, then that would be another risk that we should handle. I think there are people who do it successfully but I'm pretty sure they are good at trading and they think wisely before borrowing that money to trade. In general, it's not bad to borrow money to trade because there are people who borrow money also for the capital of their business.

It is not a good decision to borrow money to invest as capital for trading. It's a very risky thing although as an investor, it should be your own money and what's more, if you're a trader, right?
You should be the one financing yourself and not coming from loans because you're possibly going to have more problems if that's the solution that you're thinking.

[Saidasun]

If you can get an interest-free loan that lasts for five years, I would recommend buying bitcoin in batches, one each season.

No one is going to offer a interest free loan without you committing to a longer term than 5 years and charging you for paying off the loan early. It would not make sense otherwise because those that are loaning you the money want you to take as long as the term is so they get their maximum return on their investment.

[davide72]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

What do you need to do what? ,you have enough money , consider that if bitcoin it will go up like all altcoins you would have enough money to make your life easy!

[fullhdpixel]

If you can get an interest-free loan that lasts for five years, I would recommend buying bitcoin in batches, one each season.

Taking a loan is a big risk depending on what you do with that loan and how much income you have. So let's say you have 10k dollars as your monthly salary, and you can save 3k of that aside, so you can buy 3k dollars worth of bitcoin every single month right?

Would you rather keep doing that, or would you rather get 100k loan that you will pay back as 120k or 130k in some years? That way you could literally go into bitcoin as a whole, so assume that your 100k became 200k thanks to price doubling which is not impossible we were at 60k levels or so just recently, in a year or two we will probably be 2x anyway, so your 100k will become 200k. That is a good way to get a loan, making a debt is not a problem if you can afford it, look at amazon they never made a profit, they were always in debt, but now they are making insane returns thanks to those debts back in the day. Know how to get a loan, there are right ways to get a loan and there are wrong ways.

[coiner-88]

Bitcoin is excessively unpredictable there is no ideal forecast on the Crypto market however assuming you have confidence in Bitcoin and willing to lose, go purchase without hanging tight at a less expensive cost. I additionally encourage you to put resources into Bitcoin more than different monetary forms due to those monetary forms neglect to arrive at the past tops.

[Questat]

It is exactly what's happening for those traders that saw the potential but they're not yet as good as the other traders. They're brought up with emotions because of the projected profit that they can make every trade that they does. And that's the reason why they've coming up with the idea of taking a loan from whoever is available in their network or even with the banks. The main concern is that they're not calculating the risk and the other circumstances that they might surprisingly face as they trade.

Everyone is responsible for their action, what we are doing is risky already and if we try to borrow money just to start trading, then that would be another risk that we should handle. I think there are people who do it successfully but I'm pretty sure they are good at trading and they think wisely before borrowing that money to trade. In general, it's not bad to borrow money to trade because there are people who borrow money also for the capital of their business.

It is not a good decision to borrow money to invest as capital for trading. It's a very risky thing although as an investor, it should be your own money and what's more, if you're a trader, right?
You should be the one financing yourself and not coming from loans because you're possibly going to have more problems if that's the solution that you're thinking.

Not advisable but it could be a good decision or bad depending on the result, if you are a trader and you believe in your capacity, you will try to take the risk and borrow money. If the CEO of Binance sold his house for bitcoin, I think we can use that as proof that we could succeed even if we make a very risky decision.

[Menawi12]

It is exactly what's happening for those traders that saw the potential but they're not yet as good as the other traders. They're brought up with emotions because of the projected profit that they can make every trade that they does. And that's the reason why they've coming up with the idea of taking a loan from whoever is available in their network or even with the banks. The main concern is that they're not calculating the risk and the other circumstances that they might surprisingly face as they trade.

Everyone is responsible for their action, what we are doing is risky already and if we try to borrow money just to start trading, then that would be another risk that we should handle. I think there are people who do it successfully but I'm pretty sure they are good at trading and they think wisely before borrowing that money to trade. In general, it's not bad to borrow money to trade because there are people who borrow money also for the capital of their business.

It is not a good decision to borrow money to invest as capital for trading. It's a very risky thing although as an investor, it should be your own money and what's more, if you're a trader, right?
You should be the one financing yourself and not coming from loans because you're possibly going to have more problems if that's the solution that you're thinking.

Not advisable but it could be a good decision or bad depending on the result, if you are a trader and you believe in your capacity, you will try to take the risk and borrow money. If the CEO of Binance sold his house for bitcoin, I think we can use that as proof that we could succeed even if we make a very risky decision.

bad or good we still can not see the future, and we must thinking the worse scenario option that may happen to our investment. Binance CEO have good result cause before he doing this, CZ analize well about crypto future and risk that may occur. he accept if someday his money loss and has no more house again. Did we will feel the same with CZ do ?

[Rigon]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Hey mate you already taken loan from your family without interest , which means you already a crypto holder with huge amounts of budgets. You should need any loan from outside. But if you want to invest more in cryptocurrencies, then you should contract a nearest bank with interest.

[Obito]

Since there's no interest, then you can probably go for it but you have to be careful because if it's from the family, you aren't only in debt with money but with also favors. I would suggest to not get but since there's no interest it's better to get it than let it pass you by.

[BuNga_cute]

Since there's no interest, then you can probably go for it but you have to be careful because if it's from the family, you aren't only in debt with money but with also favors. I would suggest to not get but since there's no interest it's better to get it than let it pass you by.

It sounds tempting indeed to get a loan for investment in crypto without interest, this looks like an opportunity not to be missed. I agree with you,
by deciding to borrow money from family, we have to be more careful. If we fail to repay the loan, there will be a commotion in the family, because
money related issues are very sensitive. Actually I prefer borrowing money because of urgency, if only for investing in cryptocurrencies we should
use our own money. It is true that the loan is free of interest, but still borrowing money means that there is an obligation to return it. And there is
no 100% guarantee that crypto prices will go up, what the OP is doing is very risky, let alone borrowing from family. The impact is very big if it turns
out that crypto prices don't go up as we want, we have to think about the worst risk that will happen.

[Obito]

~snip

It sounds tempting indeed to get a loan for investment in crypto without interest, this looks like an opportunity not to be missed. I agree with you,
by deciding to borrow money from family, we have to be more careful. If we fail to repay the loan, there will be a commotion in the family, because
money related issues are very sensitive. Actually I prefer borrowing money because of urgency, if only for investing in cryptocurrencies we should
use our own money. It is true that the loan is free of interest, but still borrowing money means that there is an obligation to return it. And there is
no 100% guarantee that crypto prices will go up, what the OP is doing is very risky, let alone borrowing from family. The impact is very big if it turns
out that crypto prices don't go up as we want, we have to think about the worst risk that will happen.

This all depends as to how close you are to your family, if it's a good relation, you might not have to worry too much about it. If you believe in the potential of crypto there's no need to worry about returning the loan because it will go back in amounts that you aren't even expecting.

[BuNga_cute]

~snip

It sounds tempting indeed to get a loan for investment in crypto without interest, this looks like an opportunity not to be missed. I agree with you,
by deciding to borrow money from family, we have to be more careful. If we fail to repay the loan, there will be a commotion in the family, because
money related issues are very sensitive. Actually I prefer borrowing money because of urgency, if only for investing in cryptocurrencies we should
use our own money. It is true that the loan is free of interest, but still borrowing money means that there is an obligation to return it. And there is
no 100% guarantee that crypto prices will go up, what the OP is doing is very risky, let alone borrowing from family. The impact is very big if it turns
out that crypto prices don't go up as we want, we have to think about the worst risk that will happen.

This all depends as to how close you are to your family, if it's a good relation, you might not have to worry too much about it. If you believe in the potential of crypto there's no need to worry about returning the loan because it will go back in amounts that you aren't even expecting.

What you say is true, finally we do have to look at our relationship with our family, if there is a very good relationship and our family trusts us.
There should be no problem if we borrow money from our family, if it turns out that the price of the coins we buy is not what we expected,
we can ask for our family's understanding to give us time to pay it off. Moreover, if it is an investment in potential coins, it should indeed be able
to provide a large profit.

[carlfebz2]

~snip

It sounds tempting indeed to get a loan for investment in crypto without interest, this looks like an opportunity not to be missed. I agree with you,
by deciding to borrow money from family, we have to be more careful. If we fail to repay the loan, there will be a commotion in the family, because
money related issues are very sensitive. Actually I prefer borrowing money because of urgency, if only for investing in cryptocurrencies we should
use our own money. It is true that the loan is free of interest, but still borrowing money means that there is an obligation to return it. And there is
no 100% guarantee that crypto prices will go up, what the OP is doing is very risky, let alone borrowing from family. The impact is very big if it turns
out that crypto prices don't go up as we want, we have to think about the worst risk that will happen.

This all depends as to how close you are to your family, if it's a good relation, you might not have to worry too much about it. If you believe in the potential of crypto there's no need to worry about returning the loan because it will go back in amounts that you aren't even expecting.

What you say is true, finally we do have to look at our relationship with our family, if there is a very good relationship and our family trusts us.
There should be no problem if we borrow money from our family, if it turns out that the price of the coins we buy is not what we expected,
we can ask for our family's understanding to give us time to pay it off. Moreover, if it is an investment in potential coins, it should indeed be able
to provide a large profit.

Depends on the member of the family if they werent really be that impulsive when it comes to money since i have seen some  of people whose part of the family had quarrelled and  even
do make out for a long time without speaking or in good terms because of money which i cant really assure that it wont happen..

This is why its better to avoid on borrowing from family or any other people but this isnt actually an issue if you do just know on how to repay those loans

but if you arent that mindful nor responsible enough then better not consider on making this action because you would really just create some problems.

[Anamika1000]

My opinion is that if the loan is from someone you know really well and it is also without interest then you should take it.

[lepbagong]

as long as the purpose is for good of course it doesn't matter, you can return more than what you borrowed because of course you have confidence what you borrow will
make a profit from what you are about to do. but if there is no profit that you will get, it is better not to borrow even though there is no interest from the loan and without a certain time, because borrowing from family will certainly be a different thing of course.

[roosbit]

The thing is when you get a loan it will come with a time frame in which you need to pay it back plus interest, whilst here bitcoin has no time frame whatsoever its taking its time to rebound to $60k its all time high. So if you are going to get a loan it has to be a non interest loan which you can use to buy more crypto coins but i think your portfolio looks good already.

[seleme]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Hey mate you already taken loan from your family without interest , which means you already a crypto holder with huge amounts of budgets. You should need any loan from outside. But if you want to invest more in cryptocurrencies, then you should contract a nearest bank with interest.

Not a good idea, in case of market goes in the wrong direction the pain will be real. The recent market conditions don't look good, so high chance of hitting $25k soon, trading stress will be super high in case of trading with other people's money. Better to avoid loans and trade with your own money that will not make anyone upset in case of loss.

[cryptolord2077]

If you take money from your relatives, without interest, then why not?
In 5 years, perhaps we will see 2 more bull races, which means you will win back your money anyway. It seems to me that in such situations the risks are very low, it is important that you fix the profit on time.

[BuNga_cute]

~snip

~

This all depends as to how close you are to your family, if it's a good relation, you might not have to worry too much about it. If you believe in the potential of crypto there's no need to worry about returning the loan because it will go back in amounts that you aren't even expecting.

What you say is true, finally we do have to look at our relationship with our family, if there is a very good relationship and our family trusts us.
There should be no problem if we borrow money from our family, if it turns out that the price of the coins we buy is not what we expected,
we can ask for our family's understanding to give us time to pay it off. Moreover, if it is an investment in potential coins, it should indeed be able
to provide a large profit.

Depends on the member of the family if they werent really be that impulsive when it comes to money since i have seen some  of people whose part of the family had quarrelled and  even
do make out for a long time without speaking or in good terms because of money which i cant really assure that it wont happen..

This is why its better to avoid on borrowing from family or any other people but this isnt actually an issue if you do just know on how to repay those loans

but if you arent that mindful nor responsible enough then better not consider on making this action because you would really just create some problems.

Therefore, we need careful planning if we really intend to borrow money from the family. This means that we must be able to think about the worst
risks that will occur, because it is true that money can be a cause of contention. I think we can explain first the reason we borrow money, so that
they understand the risks that will occur in the future. After that provide a backup plan if our investment doesn't go well in the end, we really have
to be responsible if we decide to borrow money.

[guydin]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

It is a terrible pitfall. I have heard plenty of cases when people took loans, but they made a mistake in their predictions of the market and they lost not only their money, but borrowed money as well. So it is always said that you should invest only money that you can afford to lose and can live without. As we can't predict all situations and news that can turn the market.

[conected]

If you take money from your relatives, without interest, then why not?
In 5 years, perhaps we will see 2 more bull races, which means you will win back your money anyway. It seems to me that in such situations the risks are very low, it is important that you fix the profit on time.

- You've probably also been here long enough to see the bulls and the bears, the winners can be proud, but in such races, lying on the ground is the blood of so many investors, that means the race you see may be the last moment you see the money in your wallet, the next morning may have been a very clean wash, our money will fly. A loan then every month and every year requires a little payment, I don't feel comfortable in that way, a minute of temper will cause us to receive a pressure that lasts

[Fredomago]

If you take money from your relatives, without interest, then why not?
In 5 years, perhaps we will see 2 more bull races, which means you will win back your money anyway. It seems to me that in such situations the risks are very low, it is important that you fix the profit on time.

Well, borrowing for business is okay, especially if it doesn't use interest. however, you need to make sure that your place of investment is really guaranteed. Well, in the cryptocurrency world, it's quite risky, unless you believe in it, and can handle the risks. well, but all business is risky. DWYOR is at the heart of it all, and I suggest borrowing it when you are sure of it.

That's the important piece of it, trusting this venue and have that nerve to work along the way. Tracing back from the last 10 years this market gained lots of interest and if that will continue to gained for more, then the chance that your loan money will grow.

Unless you'll failed to follow the right path and make a wrong decisions while you are engaged with your investment.

We don't know what future will bring but all depends from how you trust your knowledge and guts while choosing your investment.

[killerman2]

No need to take a loan for Volatile crypto. No will will recommend you for asking loan. Sometime a bearish news red all market. Its better to invest only Extra money on it.

[ReiMomo]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I am sure you must be confident enough to invest in crpto currencies and thats where i see you have already invested huge amount in bitccoin and on other altcoins. I feel hesitant to suggest you. However, its really a good idea to always buy a crypto coin when its too low and you can go for a loan until its interest free.

Do not completely invest 100% of you loan at once. Hold back 50% now so that if still market goes down, you can use the 50% either to average or buy new altcoins that will be much cheaper. Always be safe. I am sure you are aware of all these things.

[cryptolord2077]

No need to take a loan for Volatile crypto. No will will recommend you for asking loan. Sometime a bearish news red all market. Its better to invest only Extra money on it.

It seems to me that this loan is quite justified, it cannot even be called a loan.
We can say that you take this money as a trusted investment, in principle, you can offer a similar maneuver to your relatives. Free money invested in brick currency often brings profit.

[boyptc]

No need to take a loan for Volatile crypto. No will will recommend you for asking loan. Sometime a bearish news red all market. Its better to invest only Extra money on it.

I've seen still a lot of people got hyped through cryptocurrencies and the pump that it has made recently. Those people have looked to the pump and considers that they'll also make a clean profit out of it.

But they don't have cash so they end up asking for a loan and they'll put it in a very volatile investment. That's noble of them but bad at the same time if they're going to use the fund for investing in a very highly volatile type of investment.

[seleme]

No need to take a loan for Volatile crypto. No will will recommend you for asking loan. Sometime a bearish news red all market. Its better to invest only Extra money on it.

It seems to me that this loan is quite justified, it cannot even be called a loan.
We can say that you take this money as a trusted investment, in principle, you can offer a similar maneuver to your relatives. Free money invested in brick currency often brings profit.

What if the market goes down for years and no bull season in 3 years? If something goes wrong and his position gets liquidated it will be a tough decision to take back the rest of the capital or continue trading on higher leverage. From my own trading experience, sticking to the limit is the best no need to be greedy and take a loan that you can't afford to lose. The bear market is the main reason why we all chase the opportunities based on our predictions but not all of the predictions come true. Investing a small amount in the small marketcap altcoins can give the same ROI with big capital on the top cryptocurrencies btw.

[Mahanton]

No need to take a loan for Volatile crypto. No will will recommend you for asking loan. Sometime a bearish news red all market. Its better to invest only Extra money on it.

It seems to me that this loan is quite justified, it cannot even be called a loan.
We can say that you take this money as a trusted investment, in principle, you can offer a similar maneuver to your relatives. Free money invested in brick currency often brings profit.

What if the market goes down for years and no bull season in 3 years? If something goes wrong and his position gets liquidated it will be a tough decision to take back the rest of the capital or continue trading on higher leverage. From my own trading experience, sticking to the limit is the best no need to be greedy and take a loan that you can't afford to lose. The bear market is the main reason why we all chase the opportunities based on our predictions but not all of the predictions come true. Investing a small amount in the small marketcap altcoins can give the same ROI with big capital on the top cryptocurrencies btw.

Bear market is something that cant really be predicted on how long it would last and when would be the possible next bull run and if you are really waiting for the profits for you to repay those interest
then better not to consider on taking a loan and it would be much more better if you do just re-roll your profits for another expanding of your investment rather than on considering on taking a loan.
If you do have still money to spare or to use then why would take a loan? Diversify using up your earnings but of course you should always mind off about the risk.

[DibiaVxosis]

Crypto is all about risk and reward, borrowing a loan to invest on crypto has never been a good strategy but since it's your family you are getting the loan from then it's cool, but from the amount you got already in crypto is much enough to call an investment and if prices pumps you will still make insane gains because you got a huge capital already, most times it isn't good putting your all in crypto but if you are ready for a long-term investment then it's cool.

[Twinscoin2017]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

If you asked getting a loan without interest then why not if there is no interest I think there would be no problem. But if you get a loan with interest I am sure you will be having trouble because this is crypto we don't know how many years we can hold before we can earn so loan with interest is a big problem. But you said it was from your family and it was no interest so I will say you are lucky.

[livingfree]

Crypto is all about risk and reward, borrowing a loan to invest on crypto has never been a good strategy but since it's your family you are getting the loan from then it's cool, but from the amount you got already in crypto is much enough to call an investment and if prices pumps you will still make insane gains because you got a huge capital already, most times it isn't good putting your all in crypto but if you are ready for a long-term investment then it's cool.

Cool but not so cool because you might think that you're not obligated to pay for it at the right time because you're attached to them.

But if you're going to apply this in other people or with the institutions, you're doing it wrong and it's not really a good solution if you want to invest in crypto which is totally a highly volatile market.

[KennyR]

Interest free loan is a good choice, through the investment you can make good profit. Even you can pay your family members good amount in the long term and make them get into cryptomarket.

Apart from the loan what you've got in your portfolio is big compared to most of the common players of cryptospace. With such a fund you could get into regular trading practice with a small fund for a periodic profiting.

[Traderbtcc]

No need to take a loan for Volatile crypto. No will will recommend you for asking loan. Sometime a bearish news red all market. Its better to invest only Extra money on it.

I said the exact same thing immediately I saw the huge amount of money he has already invested in bitcoin and altcoins, about $163k in total  , taking a loan to invest in something this volatile is just too risky, even though its from the family or whatever the crypto market won't care when dump starts, don't invest more than you can afford to lose and never take a loan to invest in crypto, the risk of being on the losing end is way too high, it's better to wait till you have more money to buy again than to take a loan.

[SlimShadyMmp]

There are other plenty places to make earnings in crypto explore other options like stacking yield farming Use a little bit of cash and try to see how it goes but borrowing cash even without interest can be a lot of trouble for you if you end up in a huge lost Try to think of what you can use your personal funds for first maybe 10% and then build up from there if you can

[nhaila]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I think you should have enough capital and no need to loan from outside. You can sell some of your altcoins and a partial of Bitcoin and invest what you can . If you loan from outside and bychance get loses , you capitalize can hamper.

[Wendy Simth]

Now I want to know if you have taken that loan，my friend.

If I were you, I would buy half of bitcoins and keep the remaining half.

[Om.monata]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

with your assets of $109,750 you can add to your collection of altcoins or bitcoins without having to look for a loan source. You can take advantage of your daily profit or monthly profit and manage for additional profit. so why should there be a loan if your assets are already producing

[MIner1448]

Any loan with assets in cryptocurrency is a utopia, even when it is interest-free. You have a sufficiently strong deposit to increase it, why do you need a loan, I see emotions in your words, it is better to make such decisions on a cold head, and even better not to make such decisions in the direction of a loan for a cryptocurrency.

[Sanugarid]

Any loan with assets in cryptocurrency is a utopia, even when it is interest-free. You have a sufficiently strong deposit to increase it, why do you need a loan, I see emotions in your words, it is better to make such decisions on a cold head, and even better not to make such decisions in the direction of a loan for a cryptocurrency.

Noep, you are wrong, debt is a snake and it's going to bite you back. I can tolerate free of interest loans but the ones with the loans, is definitely a no go for me because how are you so sure that you will be able to pay back the loan in the agreed time upon?

[BIN-BIN]

Since the loan is from your family and interest-free, you can take it and take advantage of the current market, buy Bitcoin and other less volatile altcoins.

You will make good profits in the long run since the loan does not come with a time frame to pay back.

[goldade]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

When I  saw the topic, I was going to say one thing you shouldn't do is take a loan for whatever reason until I read the body of the thread. One of the fastest ways to go under the water is to take a loan. Struggling to pay up the loan has made many lose all 
You, however,  mention that the loan is from family and would be interest free. This makes much sense since you won't be troubled with accumulating interest over time. I do think you should go for it.

[rosebrand]

I don't think you need a loan in these circumstances. you can try to do some short term trades to get profit. I'm sure it's pretty easy if you're not too greedy. only a few days to be able to do market analysis, and you can make ends meet in a few days or reinvest if you want

First of all it would be better to know he isn't greedy because, In trade greed can even make him loose the capital he is planning on going to take, learning how to control trade is a very crucial case but if he can control his greed then surely there is no need going to take alone, let him make some short term trades surely he gonna make profit because the market is in a good state actually so entering at this point he can make some good amount of profit in which he could use for a long term investment.

[Sihab76]

You need to be careful before you take out a loan because you have to consider whether you can be successful in whatever you take out a loan for.Suppose you did not take a loan to invest but at the end of the day it turned out that you could not be successful in the case for which you took the loan.So how do you repay the loan, you have to go bankrupt.

[Sweetbtc]

If you fully believe that getting loan will give you good profit and you can return back thats loan easily then you can. But please take care before taking any Token and stop loss is mandatory otherwise you can lose big. Stay away from investing in Bear market.

[Karish2return]

I think taking loan for trading will never be a good idea because it is trading and you don't know about it that what will happen next and you don't know about the coins that at which price they will rise and they will going down, So taking loan is risky. I think you don't have to take it, even start from small but your own.

[dezoel]

These days I am thinking the same exact thing, asking the same question to myself. It is not about crypto, a close family member (let's say as good as me) will sell a big place, which will worth a lot of money, and instead of investing into crypto (will invest like 5% to crypto only) I was thinking maybe I should split the money into 4, and go into debt with the rest?

Like let's say it is 400k (it is not) instead of investing that into one, I shall buy 4 houses worth of 200k, that way I will be capable of paying half of their price up front and then I will be able to pay the rest in a long period of time, and after it is done I will have 4 houses all worth 800k instead of having 400k, and since rent goes up every year, it will become easier and easier and easier in the future as well to pay that debt back, meanwhile house prices will go up a bit as well. So basically my 400k today will be "free" 1 million dollars in 5 years just because I was capable of risking it. Debt is not always bad, bad debt is bad, but not all debts are bad.

[cryptolord2077]

If you take money from your relatives, without interest, then why not?
In 5 years, perhaps we will see 2 more bull races, which means you will win back your money anyway. It seems to me that in such situations the risks are very low, it is important that you fix the profit on time.

Well, borrowing for business is okay, especially if it doesn't use interest. however, you need to make sure that your place of investment is really guaranteed. Well, in the cryptocurrency world, it's quite risky, unless you believe in it, and can handle the risks. well, but all business is risky. DWYOR is at the heart of it all, and I suggest borrowing it when you are sure of it.

Don't ever use money from loan or whatever it come from outside our own saving. It is not good for our psychology especially when market down we easily become panic. It will be different when use it for real business which is have lower risk. Even in small amount better avoid this way or we will get difficulty in future. Risk in real business or cryptocurrency very different, in this market our initial balance could be zero only in short time but it dont in regular business.

A very controversial statement. You talk about situations when a person went all-in, sold all his property, took out a loan, bought a cryptocurrency with this money, and looks in a panic as it falls in price.
However, if a person has the means on which he can live, it means that he can easily wait out a bad period, which is usually inevitable, and come out in plus with long-term assets.

[The Sceptical Chymist]

Currently I have $109,750 in Bitcoin and $60k in alts.

Lol at the high-net-worth investor who's come to make exactly one post on bitcointalk asking random internet people if he should take out a loan to buy altcoins.  I'm not buying any of it.  It would have been much more believable if OP had returned to tell the community what he ended up doing or provided more details....or whatever.

If the loan is from your family without interest that's a good decision but without waiting for the dip price you will lose a big amount of investment.

No offense, but I think that's one of the worst ideas one could think of--unless your family is both extremely generous and very wealthy and could afford to give a loan for something as risky as altcoins.  Borrowing money to invest in any cryptocurrency is a horrible idea IMO, especially if the interest rate is high.  I remember back in 2017 there were people posting about how they were maxing out their credit cards and whatnot, buying bitcoin when it was near the top. 

Buying crypto on margin is just as bad.  I'm sure there are successful traders who've made bank doing so, but for the average person I'd strongly discourage it.

[LUCKMCFLY]

I think taking loan for trading will never be a good idea because it is trading and you don't know about it that what will happen next and you don't know about the coins that at which price they will rise and they will going down, So taking loan is risky. I think you don't have to take it, even start from small but your own.

You're right, but I think that to take a loan Loque has to take into account is the ability to pay and fulfill the payments despite that things do not come out well, in case Qeu loses what he lent, has some way of being able to continue solving Despite what? That is where the responsibility of the person lending the money, whatever the destination of the money to be provided must be responsible.
In case things go wrong and do not have a payment capacity, that's where you should not lend money, I think that if it depends on the trading to pay money, the risk increases to more than 100%.

[osasshem]

The crypto market is a risk, and trading Bitcoin is of more risk because eit is very volatile in its kind of nature. It is one thing that we know is wrong, which is taking loan for investing into Bitcoin or crypto currency, but as it is from family without interest, then it makes it good enough, bit the tendency of paying back is unavoidable, because the money might be asked for at a later time. Waiting for a lower deep would have been a very good idea, like when the price of Bitcoin got to the lows of $33k, $34k, and from that period to now at which the price has made a little positive move would have given some very good profit so far.
I will say, you watch closely the market to see the lowest it can go and buy before the next bull run takes place.

[BitTraderCute]

You need to be careful before you take out a loan because you have to consider whether you can be successful in whatever you take out a loan for.Suppose you did not take a loan to invest but at the end of the day it turned out that you could not be successful in the case for which you took the loan.So how do you repay the loan, you have to go bankrupt.

no one will give us guaranee our investment will getting profits, and if this not happen to us i am believe we will be panic to sell our assts and possible to become bankrupt and be poor man. there are alot this case ,invest using loan from P2P lending or bank but suddenly market move againts our direction.

I think taking loan for trading will never be a good idea because it is trading and you don't know about it that what will happen next and you don't know about the coins that at which price they will rise and they will going down, So taking loan is risky. I think you don't have to take it, even start from small but your own.

start with small amount and trained our trading skill could be our capital surviving in this market. loan only make our psychology uncomfortable especially when market crash. we wll regularly thinking negative side if something bad happen to our asets.

[livingfree]

no one will give us guaranee our investment will getting profits, and if this not happen to us i am believe we will be panic to sell our assts and possible to become bankrupt and be poor man. there are alot this case ,invest using loan from P2P lending or bank but suddenly market move againts our direction.

That's how most of the newbies are ending with their quick assumption and unplanned actions.

They're selling at losses and do that due to panicking. And they even have the strength and will to take a loan because they're only looking to the idea of having a capital and return.

But they do not look how it should take for one to profit from trading it.

[Ridi]

No I don't think so it gonna be work. And also this is your own decision I will only suggest you. Always keep in mind that put your only amount that you can afford to lose.

[Mamun74]

You have already huge of money ($).You have to Enough money to investing or holding. I think you don’t need to get loan.And also remember that loan for very bad things for Trading.Loan is risy for investing. I Think you have to continue your journey with whatever you have.

[Mkmanik]

Like another member, I also want to say that If the loan is interest-free then it's a good chance for you. But don't invest that money at some shitcoins. Stick to your plan, Don't put your money at some shit project. Also, don't put all of your money at once, Wait for the deep price. I would recommend you to use Dollar Cost Averaging Bitcoin - (dcaBTC). With the help of this strategy, you can buy consists in investing a fixed amount of USD, into BTC. Here you can get more information about this strategy: https://dcabtc.com/

[faithupgrade]

Why loan? You must be happy with your six digit investment in crypto. Just hold it and let Bitcoin go up itself. Once Bitcoin reaches it's all time high jump to ETH to make another profit. Then once ETH reached its all time high sell it to USDT, then HODL and rebuy on bounce.

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

[Tumanggor]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

Borrowing money and then investing in crypto is very risky and highly not recommended
but if you have the right analysis and make a profit from the money you borrow, then it's a good decision

I suggest you to only buy crypto assets like bitcoin, ethereum, bnb or cardano (which have a good reputation and strong team)
and as much as possible avoid buying meme coins, defi tokens and nft that promise unreasonable ROI

[cryp24x]

Currently I have $109,750 in Bitcoin and $60k in alts.
 
I'm thinking of getting a loan to buy more alts now and more as Bitcoin goes down. The loan would be from my family and interest free. If the value of my cryptos drop I'm willing and able to wait up to five years to break even.
 
However, I could use some opinions first. What do you guys think I should do?

I think you don't need to get a loan to the borrowers, your total assets actually in my country currency was already an
equivalent of millions amount of money. Therefore, you can actually roll it out in the exchange depending in your decision of
how much do you like to trade were surely, once you trade in the cryptocurrency it earn and have an interest of profit. Or instead
of getting loan to others why not your the lender and put it an interest to those who will get a loan.

[Slow death]

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice

[seleme]

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice

No matter who gives the loan, the OP is going to risk it. In case of thing goes down, he can lose that amount in a week. I prefer to trade within limits, otherwise, the loan amount will be doubled in the near future. Trading is the form of business and all businesses have bad weeks but the business owner doesn't force it to recover the loss. Imagine single trade and keep chasing the loss, after losing all trader will be upset and gonna trade under pressure to recover the previous loan amount. Just my 2 cents.

[LUCKMCFLY]

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice

It is difficult when it comes to money and to lending to the family, because in general they can take advantage of the fact that they are family to have better payment options, the bad thing is that this use can cause problems between the lenders and the borrower.

I think that sometimes the same family is the one that can most harm you in terms of money, in my case it is difficult, because if it is to lend I take it as lost money, because otherwise it would cause problems within the family environment and for money it is not worth worth fighting. It is difficult but it is better to give the money as a collaboration and not the full amount.

[TimeTeller]

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice

It is difficult when it comes to money and to lending to the family, because in general they can take advantage of the fact that they are family to have better payment options, the bad thing is that this use can cause problems between the lenders and the borrower.

I think that sometimes the same family is the one that can most harm you in terms of money, in my case it is difficult, because if it is to lend I take it as lost money, because otherwise it would cause problems within the family environment and for money it is not worth worth fighting. It is difficult but it is better to give the money as a collaboration and not the full amount.

This is why, we should not take a loan as much as possible, whether from family member or friend.
In case you haven't respected the agreement with them, it may cause misunderstanding or trouble.
And it may dent your relationship with them, which is actually not good as they are your closed relationships.
Just use what you can afford and not borrow from others, this is to preserve your good relationship with persons you are closed to.