Should I get a loan?

[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.