How weird is it to borrow money and invest into Bitcoin?

[Fivestar4everMVP]

Well, I don't know about you @op but I will never borrow money, (no matter how small), to invest in bitcoin or crypto, to me, borrowing to invest in crypto is a very wrong decision, the truth is, you will never have peace of mind as long the loan remains unsettled, and another thing is that, one might even get a high blood pressure or hypertension due to restlessness when the price of bitcoin and cryptocurrency in general stay down for a longer time than expected, one begins to worry alot and there by attracting lot of emotions that's not healthy for the well being the individual.

Better be contented with that which you have no matter how small, invest it wisely now and in the near future, you will have alot to even invest more, don't go kill yourself while you still young by borrowing to invest in crypto.

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[JayJuanGee]

Firstly, gambling with borrowed money is a huge risk and it is not advisable that one should engage in such, why? because trading could go either way, it's a game probability!  Secondly,  desperation will lead to panic, and panic will lead to making trading mistake.  So,  there is no need to FOMO on bitcoin, your entry price is what matter in the short term.  And if you don't have good entry point,  you may not really make much in profit at the end of day!

Why is DCA so successful with bitcoin?  It is not because of entry point, exactly, it is more about having a long term commitment to accumulate BTC and with the passage of time bitcoin has both prov en to be profitable and likely to continue to be profitable.

My point is that there is a bit more going on in bitcoinlandia beyond mere entry point, even though entry point is one of the factors, it is not the ONLY factor.

In regards to your point about gambling, there are a variety of ways to set up your BTC accumulation that does not rise to the level of gambling, so it would be problematic to suggest that anyone getting a loan in order to "invest" in bitcoin would necessarily be gambling merely based on the fact that they are getting a loan... You might need to flesh that point out better in terms of what you might be wanting to communicate to some of us who may well consider some of these matters differently.

Well, I don't know about you @op but I will never borrow money, (no matter how small), to invest in bitcoin or crypto, to me, borrowing to invest in crypto is a very wrong decision, the truth is, you will never have peace of mind as long the loan remains unsettled, and another thing is that, one might even get a high blood pressure or hypertension due to restlessness when the price of bitcoin and cryptocurrency in general stay down for a longer time than expected, one begins to worry alot and there by attracting lot of emotions that's not healthy for the well being the individual.

Better be contented with that which you have no matter how small, invest it wisely now and in the near future, you will have alot to even invest more, don't go kill yourself while you still young by borrowing to invest in crypto.

I don't know why you feel some need to convolute ideas about bitcoin and crypto.. Op did not say anything about crypto.. he was ONLY referring to bitcoin.. so maybe you want to say the same thing about bitcoin, but maybe you should go back through your post and change all the words to bitcoin and figure out if you want to say exactly the same thing or not.

Also, your point about never borrowing money probably shows that you are not really coming at this matter from a very objective point of view in terms of perhaps you don't even know how the real world works, at least in regards to how debt can be used to your advantage.  I am not saying that you have to borrow money for anything, but your locking yourself into an assertion of "never" suggests that either you do not understand borrowing or you are not really attempting to grapple with the topic in an open-minded kind of way.

[swogerino]

Investing in something to be productive and a winner for the investor has only a single unwritten law.The law is you only borrow money you know for sure you are able to repay no matter if your investment goes bad and you lose your invested money,this does not hurt you in any way as you still has money to pay the interest.This can be done when for example you are working in two daily jobs and the perfect opportunity i.e 29k for a Bitcoin happens in a moment you have no money but you know for sure you will get two salaries when the months end.In this case you take the low risk of borrowing money in order to take advantage of this perfect opportunity.It is that simple.Borrowing money knowing you are not sure that you can repay it if your investment fails then this is totally not recommended to do.

[kawetsriyanto]

Weird or not, can be subjective. Each person can have a different opinion about this. In my personal opinion, it is not weird but too risky. Always remember that investing in Bitcoin is a high risk. There is no guarantee that Bitcoin price continues to grow its value in the future. We don't really know if Bitcoin can have an uptrend or downtrend after we bought Bitcoin. Also, we cannot target a specific amount of profits got from Bitcoin investment. So, it is much better to use money that we can afford to lose.

[milewilda]

Weird or not, can be subjective. Each person can have a different opinion about this. In my personal opinion, it is not weird but too risky. Always remember that investing in Bitcoin is a high risk. There is no guarantee that Bitcoin price continues to grow its value in the future. We don't really know if Bitcoin can have an uptrend or downtrend after we bought Bitcoin. Also, we cannot target a specific amount of profits got from Bitcoin investment. So, it is much better to use money that we can afford to lose.

True and every decision would really be having corresponding risk specially when you do took a loan.For sure people are aware that they should repay interest on time or due date or else they would really be having some serious problems with debt and this is why we should not only think twice but thrice or more when considering on taking a loan on making some investment.If you do have other source then this wont be an issue
but this is only your main source for you to get then dont consider this thing.It is way too risky but if you could handle and accept the risk then go ahead and try but be prepared on things to happen.

[Hypnosis00]

Weird or not, can be subjective. Each person can have a different opinion about this. In my personal opinion, it is not weird but too risky. Always remember that investing in Bitcoin is a high risk. There is no guarantee that Bitcoin price continues to grow its value in the future. We don't really know if Bitcoin can have an uptrend or downtrend after we bought Bitcoin. Also, we cannot target a specific amount of profits got from Bitcoin investment. So, it is much better to use money that we can afford to lose.

That actually if we only have the option not to borrow money, it is really great. But somehow, some people make use of this loan very often as they are in a hurry to invest when the market is dumping and have no money yet. Some got the reason and as long as they can pay for it with the terms provided, that is not a problem for both parties.

But if it is just done by newbies, I'm afraid that be going a failure. That is really a risk and it was the risk for the person who gave the loan as it is possible that once the borrower will fail that certainly, it compromises the payment.

[tippytoes]

Weird or not, can be subjective. Each person can have a different opinion about this. In my personal opinion, it is not weird but too risky. Always remember that investing in Bitcoin is a high risk. There is no guarantee that Bitcoin price continues to grow its value in the future. We don't really know if Bitcoin can have an uptrend or downtrend after we bought Bitcoin. Also, we cannot target a specific amount of profits got from Bitcoin investment. So, it is much better to use money that we can afford to lose.

That actually if we only have the option not to borrow money, it is really great. But somehow, some people make use of this loan very often as they are in a hurry to invest when the market is dumping and have no money yet. Some got the reason and as long as they can pay for it with the terms provided, that is not a problem for both parties.

But if it is just done by newbies, I'm afraid that be going a failure. That is really a risk and it was the risk for the person who gave the loan as it is possible that once the borrower will fail that certainly, it compromises the payment.

Because newbies are not careful enough and more than likely will make the wrong decision. You have the advantage if you are already long enough in this market that you have seen a lot and that will give you the edge in making smart decisions. But taking a loan is for me not still advisable. Unless, you have other source of income that you can use to pay if in case you got it wrong in the trading market.

[Rajamuda]

Basically it's not weird, because they very believe and are confident in price movements... they dare to do this. It's just like being more willing to take more risks, which in fact doesn't really promise a profit, it's not worth doing due to price fluctuations, and having to cut profits when got a profit on the investment.
We should be smarter to respond to all the efforts that will be made, not to be more daring to take too many risks, but must actually be able to make safer decisions.

[RealMalatesta]

Firstly, gambling with borrowed money is a huge risk and it is not advisable that one should engage in such, why? because trading could go either way, it's a game probability!  Secondly,  desperation will lead to panic, and panic will lead to making trading mistake.  So,  there is no need to FOMO on bitcoin, your entry price is what matter in the short term.  And if you don't have good entry point,  you may not really make much in profit at the end of day!

Gambling with borrowed funds is a common but like you said, a dangerous idea. But I think when it comes to investing in Bitcoins with borrowed funds then it is a completely different thing because you aren't gambling but investing in an asset. At some point, we all take risks in life and while gambling is not the risk worth taking, investing in Bitcoin might be worth it.

Sometimes playing too safe in life is itself a risk. If you haven't ever taken a risk in life, you probably haven't explored all the options. I am not suggesting to invest blindly in bitcoin or anything but taking risks is not always the worst idea either.

[jayoh]

Far too risky for me.

[geegaw]

Basically it's not weird, because they very believe and are confident in price movements... they dare to do this. It's just like being more willing to take more risks, which in fact doesn't really promise a profit, it's not worth doing due to price fluctuations, and having to cut profits when got a profit on the investment.
We should be smarter to respond to all the efforts that will be made, not to be more daring to take too many risks, but must actually be able to make safer decisions.

I don't know what they mortgaged to have such confidence, most of them are just apprentices and have just completed a few basic training courses, even testing their competence on simulation programs and we all know the reviews from software and courses that never want to embarrass anyone, they allow comforting numbers while if you put that achievement into practice, that apprentice will definitely need to start over with a more practical program. The training furnace is too polite to them and as a result they are borrowers who then become debtors in investment

[Rigon]

If you borrow money from someone then you have to repay that money at some point. And you will always have the thought that I have to pay.If you invest in Bitcoin here, you can get a lot of profit from Bitcoin at one time, but always keep in mind that the market will not decrease or increase. I think borrowing money from people Better a poor horse than no horse at all.

[jossiel]

If you borrow money from someone then you have to repay that money at some point. And you will always have the thought that I have to pay.

A responsible person don't even think to run with his loans, it will reflect your personality and reputation if you're not going to pay your debt.

If you invest in Bitcoin here, you can get a lot of profit from Bitcoin at one time, but always keep in mind that the market will not decrease or increase. I think borrowing money from people Better a poor horse than no horse at all.

Well, the fact is the market can do both, increase and decrease but at unknown times.

[cryp24x]

Bitcoin price is increasing so fast such that some people wish they borrowed and bought bitcoin at 29k some weeks ago

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin. However, the market is pumping, and it may seem like a good move if the loan is not for lunch, rent, and family bills which account for our daily needs (That is, my daily needs have been taken care of). Thus, timing is another criterion to discuss. How can someone know the perfect time to pick such a desperate gamble? We win or lose in trading or holding bitcoin but, I presume with the help of experts in this forum who have gone through thick and thins in this market, good guides or rules can be shared for users and newbies in the forum to have a grip on the market and know if borrowing is appropriate. It does sound thoughtless but, borrowing is part of the business. And we must prepare for the best as well.

Thanks, I'm ready to learn.

Well, its your choice anyway if you want to borrow money for the sake that your gonna use it to buy Bitcoin then hold for the long term.
I don't see any problem with that if you have a good vision about it. But if your not deeply knowledgeable about in Bitcoin, I suggest borrowing money for this is not a good financial advice in my own opinion only.

[Fatunad]

Bitcoin price is increasing so fast such that some people wish they borrowed and bought bitcoin at 29k some weeks ago

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin. However, the market is pumping, and it may seem like a good move if the loan is not for lunch, rent, and family bills which account for our daily needs (That is, my daily needs have been taken care of). Thus, timing is another criterion to discuss. How can someone know the perfect time to pick such a desperate gamble? We win or lose in trading or holding bitcoin but, I presume with the help of experts in this forum who have gone through thick and thins in this market, good guides or rules can be shared for users and newbies in the forum to have a grip on the market and know if borrowing is appropriate. It does sound thoughtless but, borrowing is part of the business. And we must prepare for the best as well.

Thanks, I'm ready to learn.

Well, its your choice anyway if you want to borrow money for the sake that your gonna use it to buy Bitcoin then hold for the long term.
I don't see any problem with that if you have a good vision about it. But if your not deeply knowledgeable about in Bitcoin, I suggest borrowing money for this is not a good financial advice in my own opinion only.

This doesnt talk about being knowledgeable or not but this do mainly matters if you do able to repay those debts or interest on the right time? Bitcoin or crypto investment isnt something
that you could get some assurances for you to make profits on a specific time that you do desire.You shouldnt have this kind of mindset because this will really make mistakes
and only invest on what you could afford to lose and dont make loans if you wont able to repay it and you are just simply putting yourself into big trouble.

[Oasisman]

~snip~

Well, its your choice anyway if you want to borrow money for the sake that your gonna use it to buy Bitcoin then hold for the long term.
I don't see any problem with that if you have a good vision about it. But if your not deeply knowledgeable about in Bitcoin, I suggest borrowing money for this is not a good financial advice in my own opinion only.

Im quite sure the OP had enough knowledge about Bitcoin since he knew how much Bitcoin have been increasing from a few months ago. Also, when you're investing your due diligence is the most important step before putting away your money.
Borrowing money to invest in a highly volatile asset isn't always advisable and is not a good financial advice as it will contradict the most basic rule of investment "invest what you can afford to lose."
However, there are some exemption from people who are willing to take the biggest financial risk in their lives.
Now, I don't really recommend to have a loan just to invest in Bitcoin, but If you're eager to buy in bulk, just make sure you're making enough money to pay for your loan's term.

Another option would be, to accumulate gradually, fraction by fraction everytime you make money instead of using that money to pay for the loan. In this method you will be able to save yourself from interest fees and possible charges in case you missed your due.

[goinmerry]

Good or not, pros or not, can afford or not, risk-taker or not - everyone shouldn't take a loan just to invest in crypto.

Take it slowly by surely. Buy some small fraction that is fit to budget if there's a chance. Find other sources of income then have a portion of salary to be put on crypto. After doing it for quite some time, you will notice your hold asset is now increasing.

Don't feel regret that you didn't loan before and the price goes up. What if the other way around happened. That's more depressing as you just wrecked yourself and need to find a way to pay your loan.

[Viscore]

Bitcoin price is increasing so fast such that some people wish they borrowed and bought bitcoin at 29k some weeks ago

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin. However, the market is pumping, and it may seem like a good move if the loan is not for lunch, rent, and family bills which account for our daily needs (That is, my daily needs have been taken care of). Thus, timing is another criterion to discuss. How can someone know the perfect time to pick such a desperate gamble? We win or lose in trading or holding bitcoin but, I presume with the help of experts in this forum who have gone through thick and thins in this market, good guides or rules can be shared for users and newbies in the forum to have a grip on the market and know if borrowing is appropriate. It does sound thoughtless but, borrowing is part of the business. And we must prepare for the best as well.

Thanks, I'm ready to learn.

Well, its your choice anyway if you want to borrow money for the sake that your gonna use it to buy Bitcoin then hold for the long term.
I don't see any problem with that if you have a good vision about it. But if your not deeply knowledgeable about in Bitcoin, I suggest borrowing money for this is not a good financial advice in my own opinion only.

This doesnt talk about being knowledgeable or not but this do mainly matters if you do able to repay those debts or interest on the right time? Bitcoin or crypto investment isnt something
that you could get some assurances for you to make profits on a specific time that you do desire.You shouldnt have this kind of mindset because this will really make mistakes
and only invest on what you could afford to lose and dont make loans if you wont able to repay it and you are just simply putting yourself into big trouble.

In general, borrowing money for crypto investment is never a good idea. You are likely gambling your money instead. I think even if you know you can repay it but it will be more ideal if you can only invest on your spare money so that if you happen to lose, you won't have to dwell on regrets.

Although bitcoin is very profitable but still there is no guarantee of sure profits since the market is highly volatile too. What goes up today might suddenly fall down tomorrow so learn to be more flexible. We know its a high risk investment so as much as possible have your own funds so you won't think of repaying loans either the market goes into bullish or bearish.

[Shasha80]

~snip~

Well, its your choice anyway if you want to borrow money for the sake that your gonna use it to buy Bitcoin then hold for the long term.
I don't see any problem with that if you have a good vision about it. But if your not deeply knowledgeable about in Bitcoin, I suggest borrowing money for this is not a good financial advice in my own opinion only.

Im quite sure the OP had enough knowledge about Bitcoin since he knew how much Bitcoin have been increasing from a few months ago. Also, when you're investing your due diligence is the most important step before putting away your money.
Borrowing money to invest in a highly volatile asset isn't always advisable and is not a good financial advice as it will contradict the most basic rule of investment "invest what you can afford to lose."
However, there are some exemption from people who are willing to take the biggest financial risk in their lives.
Now, I don't really recommend to have a loan just to invest in Bitcoin, but If you're eager to buy in bulk, just make sure you're making enough money to pay for your loan's term.

Another option would be, to accumulate gradually, fraction by fraction everytime you make money instead of using that money to pay for the loan. In this method you will be able to save yourself from interest fees and possible charges in case you missed your due.

That's right, it's really not recommended to invest in Bitcoin using borrowed money. with the volatile Bitcoin price, it becomes very high risk if
we force borrow money to be able to buy Bitcoin in large quantities. I prefer to buy Bitcoin regularly every month, use the money that we will
use to pay the loan installments to buy Bitcoin. This method is much safer and more effective in my opinion, and we benefit more from not having
to pay interest on the loan. But in the end it comes back to each of us, if indeed there are people who dare to take risks and are ready to bear
all the risks that will occur. Just try investing in Bitcoin with borrowed money, but don't blame Bitcoin if you end up having financial problems
if it turns out that Bitcoin doesn't move as expected.

[Ziskinberg]

It is not weird to borrow money as there is a reason why you have to do that, in fact, many people had come that way but for me, even reading the majority of replies, it was not recommended due to the high risk. I'm not literally saying you will have to lose in investing in Bitcoin but the problem is that you can't tell when you can make a profit from your investment which makes it hard to pay for your loan. Maybe, if you have another source of income it wasn't a problem anyway but if you just rely on crypto, that gonna be hard for you.