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

[freedomgo]

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.

Borrowing money may just seem so annoying but its what most of our big investors are really doing. But i don't think it will be good when it comes to crypto investment because the riks is very high and you could just lose your money in just an hour so taking the risk of money lending could only give your more troubles in the future.

However, there are also those who come to enjoy their profits from borrowed money but it just happen very seldom. Most of them have gradually lose their funds and even made their life worst due to unpaid loans and its increasing amount of interest. So just invest on your own money and see where it goes.

[1713993478]

1713993478

[1713993478]

1713993478

[EdenHazard]

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.

Some people successfully borrowed $20k with total interest per year is at around $2k and they managed to make $20k to $150k in just 6 months! $130k surplus and $2k minus to pay off the interest.

that was the sweet part of the story and people always look at it without considering the other sides of the story.
we called them noob , a noob in living a good life ... they are looking for the shortcut to become a multi-millionaire , living good etc based on nothing but specualtion.
borrowing money to invest in crypto is a pure speculation and even a gamble, thats all.

[tygeade]

I was thinking the same thing today, in my nation for about 6.2k dollars you could get a 12 rx470 4gb mining rig, and 3 axies that are not bad at all. That 12 gpu 470 rig would give me around $13 per day, which is around 400 dollars a month, and it is going to continue most probably, its "safe" investment, not guaranteed but you can probably make a profit even if its lower or higher.

Secondly that axie depends on what you can do, you will be getting a starter level of course and nothing great, but you will be able to get at least 100 SLP per day for sure, without a doubt, probably 150-200 as well but let's assume its "only" 100 slp, at the current prices that is another 12 dollars per day, making you another 360 dollars per day. So on minimum even if there is a bigger amount chance, you are making around 750 dollars per month with just a 6.2k investment, making all of it back in around 8 months. I didn't do this because I got scared, but sometimes taking out a loan is simply not that much of a bad idea at all, just depends on what you want to do with it.

[Issa56]

When you are into cryptocurrency I believe one of the things you should never do is borrow money to invest in any coin because anything can happen at any time so I believe you shouldn't take the risk. Must people can be saying a coin will pump hard which at the end the coin might endup dumping so never borrow money to invest.

[JayJuanGee]

When you are into cryptocurrency I believe one of the things you should never do is borrow money to invest in any coin because anything can happen at any time so I believe you shouldn't take the risk. Must people can be saying a coin will pump hard which at the end the coin might endup dumping so never borrow money to invest.

We are not talking about "cryptocurrency" in this here thread; we are talking about bitcoin.

Hopefully you understand the difference.

[Issa56]

When you are into cryptocurrency I believe one of the things you should never do is borrow money to invest in any coin because anything can happen at any time so I believe you shouldn't take the risk. Must people can be saying a coin will pump hard which at the end the coin might endup dumping so never borrow money to invest.

We are not talking about "cryptocurrency" in this here thread; we are talking about bitcoin.

Hopefully you understand the difference.

I know you are talking about bitcoin but and even generalizing it that is not a good idea borrowing money to invest in bitcoin or other coins. Few months ago when bitcoin broke $60k people where predicting next bitcoin move to be $100k which bitcoin even dump to around $29k. So what if you borrow money and you are ask to pay back within one month and you bought bitcoin at $60k if time for payment reach and you don't have choice won't you have to sell at lost and still for money to complete it so that you can pay back which might even affect you health.

[JayJuanGee]

When you are into cryptocurrency I believe one of the things you should never do is borrow money to invest in any coin because anything can happen at any time so I believe you shouldn't take the risk. Must people can be saying a coin will pump hard which at the end the coin might endup dumping so never borrow money to invest.

We are not talking about "cryptocurrency" in this here thread; we are talking about bitcoin.

Hopefully you understand the difference.

I know you are talking about bitcoin but and even generalizing it that is not a good idea borrowing money to invest in bitcoin or other coins. Few months ago when bitcoin broke $60k people where predicting next bitcoin move to be $100k which bitcoin even dump to around $29k. So what if you borrow money and you are ask to pay back within one month and you bought bitcoin at $60k if time for payment reach and you don't have choice won't you have to sell at lost and still for money to complete it so that you can pay back which might even affect you health.

Great... at least you recognize and appreciate that we are talking about bitcoin rather than some other amorphous concept.


My only responsive comment to you was in regards to your use of the term cryptocurrency, so at least you clarified your post in order to remove that ambiguous word and we are not even talking about that here.

Regarding your suggestion about never borrowing, you seem to have a bit of a superficial understanding of the various trade offs that should be considered in regards to using debt to invest (if at all).. and I have a few other posts earlier in the thread (like
1) this one
2) this one
3) this one
and     
4) this one)
in which I try to go through some of those considerations without necessarily presuming that the use of debt would be a bad thing, and actually I tend to consider that the use of debt can be a very powerful and good thing for those people who both have access to debt on reasonable terms and have some good ideas about the trade-offs that they need to consider when (or if) they choose to use debt.

[Issa56]

When you are into cryptocurrency I believe one of the things you should never do is borrow money to invest in any coin because anything can happen at any time so I believe you shouldn't take the risk. Must people can be saying a coin will pump hard which at the end the coin might endup dumping so never borrow money to invest.

We are not talking about "cryptocurrency" in this here thread; we are talking about bitcoin.

Hopefully you understand the difference.

I know you are talking about bitcoin but and even generalizing it that is not a good idea borrowing money to invest in bitcoin or other coins. Few months ago when bitcoin broke $60k people where predicting next bitcoin move to be $100k which bitcoin even dump to around $29k. So what if you borrow money and you are ask to pay back within one month and you bought bitcoin at $60k if time for payment reach and you don't have choice won't you have to sell at lost and still for money to complete it so that you can pay back which might even affect you health.

Great... at least you recognize and appreciate that we are talking about bitcoin rather than some other amorphous concept.


My only responsive comment to you was in regards to your use of the term cryptocurrency, so at least you clarified your post in order to remove that ambiguous word and we are not even talking about that here.

Regarding your suggestion about never borrowing, you seem to have a bit of a superficial understanding of the various trade offs that should be considered in regards to using debt to invest (if at all).. and I have a few other posts earlier in the thread (like
1) this one
2) this one
3) this one
and    
4) this one)
in which I try to go through some of those considerations without necessarily presuming that the use of debt would be a bad thing, and actually I tend to consider that the use of debt can be a very powerful and good thing for those people who both have access to debt on reasonable terms and have some good ideas about the trade-offs that they need to consider when (or if) they choose to use debt.

Now I understand your point you said IS A GOOD THING IF PEOPLE HAVE ACCESS TO DEBT ON REASONABLE TERMS AND SOME GOOD IDEA ABOUT THE TRADE-OFF THAT THEY NEED TO CONSIDER WHEN THEY CHOOSE TO USE DEBT. seriously I understand your but there are some newbies that won't know about the points you just listed and might just endup getting a loan to invest in bitcoin just because they hear people saying bitcoin will pump which I also know bitcoin will pump but might not be when we expect and there is always a date for repayment of loan.

[JayJuanGee]

[edited out]

Now I understand your point you said IS A GOOD THING IF PEOPLE HAVE ACCESS TO DEBT ON REASONABLE TERMS AND SOME GOOD IDEA ABOUT THE TRADE-OFF THAT THEY NEED TO CONSIDER WHEN THEY CHOOSE TO USE DEBT. seriously I understand your but there are some newbies that won't know about the points you just listed and might just endup getting a loan to invest in bitcoin just because they hear people saying bitcoin will pump which I also know bitcoin will pump but might not be when we expect and there is always a date for repayment of loan.

Of course, newbies gamble in all kinds of ways, and the reason that I posted was to describe the various considerations.  Newbies and even gamblers are not going to agree with me, and I would imagine some of those folks are going to get reckt as fuck, but some of them may well get lucky in some of their gambling efforts.

Do you believe it is better to proclaim that newbies should never use debt or to suggest that they consider the various trade-offs in the event that they are considering using debt to invest in (or gamble with) bitcoin.

I have no problem with people considering options, including considering if they believe that their situation or even the current place of the bitcoin market/price might be a good time to use or to consider using debt leverage... or to otherwise figure out ways that they might employ debt to buttress their cashflow, even if they choose not to use it for bitcoin but for some other purpose (or maybe only partially for bitcoin and partially for other purposes).

I agree that the use of debt (or leverage used in other ways) might cause someone to get reckt way faster and way more severely than if s/he had not employed such debt, and so yeah, a lot of people do dumb things and a lot of people are inclined to gamble and consider that they are "investing" when they are not... so investing usually does require some level of thinking and considering rather than just blindly going into something with hardly any thoughts, and I surely am no advocate of gambling, except in very controlled and minor circumstances (but that is just me... I tend to be a pretty conservative investor, even though I also have bitcoin in my portfolio and I have used debt in the past to buttress my bitcoin investment in a variety of ways...including not being opposed to using debt in the future if I believe that I want to do so).

[Issa56]

[edited out]

Now I understand your point you said IS A GOOD THING IF PEOPLE HAVE ACCESS TO DEBT ON REASONABLE TERMS AND SOME GOOD IDEA ABOUT THE TRADE-OFF THAT THEY NEED TO CONSIDER WHEN THEY CHOOSE TO USE DEBT. seriously I understand your but there are some newbies that won't know about the points you just listed and might just endup getting a loan to invest in bitcoin just because they hear people saying bitcoin will pump which I also know bitcoin will pump but might not be when we expect and there is always a date for repayment of loan.

Of course, newbies gamble in all kinds of ways, and the reason that I posted was to describe the various considerations.  Newbies and even gamblers are not going to agree with me, and I would imagine some of those folks are going to get reckt as fuck, but some of them may well get lucky in some of their gambling efforts.

Do you believe it is better to proclaim that newbies should never use debt or to suggest that they consider the various trade-offs in the event that they are considering using debt to invest in (or gamble with) bitcoin.

I have no problem with people considering options, including considering if they believe that their situation or even the current place of the bitcoin market/price might be a good time to use or to consider using debt leverage... or to otherwise figure out ways that they might employ debt to buttress their cashflow, even if they choose not to use it for bitcoin but for some other purpose (or maybe only partially for bitcoin and partially for other purposes).

I agree that the use of debt (or leverage used in other ways) might cause someone to get reckt way faster and way more severely than if s/he had not employed such debt, and so yeah, a lot of people do dumb things and a lot of people are inclined to gamble and consider that they are "investing" when they are not... so investing usually does require some level of thinking and considering rather than just blindly going into something with hardly any thoughts, and I surely am no advocate of gambling, except in very controlled and minor circumstances (but that is just me... I tend to be a pretty conservative investor, even though I also have bitcoin in my portfolio and I have used debt in the past to buttress my bitcoin investment in a variety of ways...including not being opposed to using debt in the future if I believe that I want to do so).

Now I understand you and I believe lot's of people will have learn from our conversation. I don't really live involving my self in a loan when it comes to cryptocurrency because when I was a newbie I once lose money in coin which I wrote on this forum there.

I love this topic. One of my costly lessons was when I started trading last year around January trading was going fine but I was having just little amount I was using to trade so I was not satisfied with the profit I was having so after few week's I approached one of my friend for a loan which I promised to pay back after one month, he agreed and borrowed me the money the first coin I bought thing's went well and I sold the coin and then invested in around coin again, I invested in SXP coin on binance which was around 2.7$ after buying the coin bitcon started dumping the coin I bought also which is SXP also started dropping in price gradually all my thinking was that it's going to pump back again in the next few week but SXP dropped till around 0.8$. Which I was very frustrated because I borrowed the money which I invested and it was more than one month already which my friend is already requesting for his money which I borrowed and I promised to payback in the following month. So then bitcoin pumped a little bit and SXP also pumped to 1$ which I sold the coin I bought I knew it was at lost but my friend was already disturbing me for money so I have to sell the coin then look for money again just to balance the depth am having. This happened to me around August-September last year.

Conclusion: my conclusion is that never take a loan or borrow money from anybody to invest in Cryptocurrency is better you start building the little capital you are having than taking a loan because you can't trust any coin  anything can happen at any time. THANKS!!!
https://bitcointalk.org/index.php?topic=5355731.msg57806592#msg57806592
Since then I don't really like loan.

[JayJuanGee]

borrowing is very risky which is why people are advised not to do it at all. the only   exception is if its for long duration and from a family who just wish to help. things are not the same when you trade with a borrowed money and personal money.

Your basic point about borrowing adding one extra level of risk does not mean not to do it, but instead it means that you (or the borrower) needs to account for the ramifications of that one extra level of risk, and surely, adding one additional level of risk may well cause the balance of considerations to weigh against borrowing, but it is surely NOT anywhere an absolute, as you seem to be framing the matter doctor877.

[ edited out]

Now I understand you and I believe lot's of people will have learn from our conversation. I don't really live involving my self in a loan when it comes to cryptocurrency because when I was a newbie I once lose money in coin which I wrote on this forum there.

Sure, it is quite likely one of the most common that newbies tend to make, which is to assign erroneous values to both the upside and the downside, so in that regard, they will end up allotting higher level of probability to the upside and lower levels of probability to the downside.  Let's take a simplified example and say that the actual upside possibility is 60% and the downside is 40%, and they end up assigning something like 80% / 20% to such situation, and sometimes they will even assign something like 90% / 10%, and then they end up getting screwed royally because they failed/refused to assign proper values.

I am not even asserting that any of us can know the actual values with any kind of precision, but we need to attempt to be as realistic as we can, including some kind of true calculation that was reflected in one of my earlier posts regarding how fragmented that attempts at somewhat realistic probability assignments can end up being, even when each of us is quite likely to end up assigning different values at any given time.. and the values end up changing too with changing events and the passage of time, too.

I love this topic. One of my costly lessons was when I started trading last year around January trading was going fine but I was having just little amount I was using to trade so I was not satisfied with the profit I was having so after few week's I approached one of my friend for a loan which I promised to pay back after one month, he agreed and borrowed me the money the first coin I bought thing's went well and I sold the coin and then invested in around coin again, I invested in SXP coin on binance which was around 2.7$ after buying the coin bitcon started dumping the coin I bought also which is SXP also started dropping in price gradually all my thinking was that it's going to pump back again in the next few week but SXP dropped till around 0.8$. Which I was very frustrated because I borrowed the money which I invested and it was more than one month already which my friend is already requesting for his money which I borrowed and I promised to payback in the following month. So then bitcoin pumped a little bit and SXP also pumped to 1$ which I sold the coin I bought I knew it was at lost but my friend was already disturbing me for money so I have to sell the coin then look for money again just to balance the depth am having. This happened to me around August-September last year.

Of course, the levels of risk can become worse and worse and worse the more layers of complexity that are added, and even though we are not delving into shitcoins here, there can be additional layers of complexity and risk, if you add shitcoins into the mix, and it does not mean that you are not going to profit and it does not even mean that you could end up profiting in multitudes of profits, but surely, the more levels of risk that you add causes me to conclude that you are likely gambling rather than investing, even if you believe that you have some kind of an accurate vision regarding what you believe is going to happen.

Even with bitcoin, these days, I tend to suggest that buyers/accumulators have a minimum of a 4-year investment timeline, and of course, having a longer investment timeline tends to be even a better thing to do, so I surely do not consider loans as a means to buttress your BTC investment strategy on the short-term, but instead to attempt to buttress your BTC investment strategy on the long-term - even though there could be some rationales to make shorter-term play bets that I would consider to be more appropriately labelled as gambling rather than investing.. even though there also may be some decent reasons to speculate that the odds for a favorable outcome are on your side.

Conclusion: my conclusion is that never take a loan or borrow money from anybody to invest in Cryptocurrency is better you start building the little capital you are having than taking a loan because you can't trust any coin  anything can happen at any time. THANKS!!!
https://bitcointalk.org/index.php?topic=5355731.msg57806592#msg57806592
Since then I don't really like loan.

Sure.  You seem to be going back to your seemingly lame-ass conclusion regarding "never" which again seems to be both ill-thought-out and based on your own lack of doing or considering the matter even close to correctly....[Edit.. your post is a wee bit confusing, Issa56, but after further review, I see that your final two paragraphs are quoting from your cited post from last week from the other shitcoin thread  - - usually it would be better to cite your post more clearly.. or just provide a link to it in order to attempt to lessen some potential confusion]  in other words, you bad experience and sloppy prior practice might be a lesson regarding don't do it like you did it, but does not mean that there might not be ways to structure these kinds of loan/leveraging matters in ways that are more likely to have better results while more adequately and appropriately attempting to account for the risks, too. .including timeline and more informed cycle considerations, too... and perhaps not including additional risks of shitcoins within whatever you may be trying to accomplish, too (again this thread is not about shitcoins, anyhow, which likely require particular analysis and some additional discussion - which remains off topic in terms of this thread, so no need to devolve further into talking about those various pump and dump - who knows what they are nonsense coins - except maybe in another thread).

[Issa56]

borrowing is very risky which is why people are advised not to do it at all. the only   exception is if its for long duration and from a family who just wish to help. things are not the same when you trade with a borrowed money and personal money.

Your basic point about borrowing adding one extra level of risk does not mean not to do it, but instead it means that you (or the borrower) needs to account for the ramifications of that one extra level of risk, and surely, adding one additional level of risk may well cause the balance of considerations to weigh against borrowing, but it is surely NOT anywhere an absolute, as you seem to be framing the matter doctor877.

[ edited out]

Now I understand you and I believe lot's of people will have learn from our conversation. I don't really live involving my self in a loan when it comes to cryptocurrency because when I was a newbie I once lose money in coin which I wrote on this forum there.

Sure, it is quite likely one of the most common that newbies tend to make, which is to assign erroneous values to both the upside and the downside, so in that regard, they will end up allotting higher level of probability to the upside and lower levels of probability to the downside.  Let's take a simplified example and say that the actual upside possibility is 60% and the downside is 40%, and they end up assigning something like 80% / 20% to such situation, and sometimes they will even assign something like 90% / 10%, and then they end up getting screwed royally because they failed/refused to assign proper values.

I am not even asserting that any of us can know the actual values with any kind of precision, but we need to attempt to be as realistic as we can, including some kind of true calculation that was reflected in one of my earlier posts regarding how fragmented that attempts at somewhat realistic probability assignments can end up being, even when each of us is quite likely to end up assigning different values at any given time.. and the values end up changing too with changing events and the passage of time, too.

I love this topic. One of my costly lessons was when I started trading last year around January trading was going fine but I was having just little amount I was using to trade so I was not satisfied with the profit I was having so after few week's I approached one of my friend for a loan which I promised to pay back after one month, he agreed and borrowed me the money the first coin I bought thing's went well and I sold the coin and then invested in around coin again, I invested in SXP coin on binance which was around 2.7$ after buying the coin bitcon started dumping the coin I bought also which is SXP also started dropping in price gradually all my thinking was that it's going to pump back again in the next few week but SXP dropped till around 0.8$. Which I was very frustrated because I borrowed the money which I invested and it was more than one month already which my friend is already requesting for his money which I borrowed and I promised to payback in the following month. So then bitcoin pumped a little bit and SXP also pumped to 1$ which I sold the coin I bought I knew it was at lost but my friend was already disturbing me for money so I have to sell the coin then look for money again just to balance the depth am having. This happened to me around August-September last year.

Of course, the levels of risk can become worse and worse and worse the more layers of complexity that are added, and even though we are not delving into shitcoins here, there can be additional layers of complexity and risk, if you add shitcoins into the mix, and it does not mean that you are not going to profit and it does not even mean that you could end up profiting in multitudes of profits, but surely, the more levels of risk that you add causes me to conclude that you are likely gambling rather than investing, even if you believe that you have some kind of an accurate vision regarding what you believe is going to happen.

Even with bitcoin, these days, I tend to suggest that buyers/accumulators have a minimum of a 4-year investment timeline, and of course, having a longer investment timeline tends to be even a better thing to do, so I surely do not consider loans as a means to buttress your BTC investment strategy on the short-term, but instead to attempt to buttress your BTC investment strategy on the long-term - even though there could be some rationales to make shorter-term play bets that I would consider to be more appropriately labelled as gambling rather than investing.. even though there also may be some decent reasons to speculate that the odds for a favorable outcome are on your side.

Conclusion: my conclusion is that never take a loan or borrow money from anybody to invest in Cryptocurrency is better you start building the little capital you are having than taking a loan because you can't trust any coin  anything can happen at any time. THANKS!!!
https://bitcointalk.org/index.php?topic=5355731.msg57806592#msg57806592
Since then I don't really like loan.

Sure.  You seem to be going back to your seemingly lame-ass conclusion regarding "never" which again seems to be both ill-thought-out and based on your own lack of doing or considering the matter even close to correctly....[Edit.. your post is a wee bit confusing, Issa56, but after further review, I see that your final two paragraphs are quoting from your cited post from last week from the other shitcoin thread  - - usually it would be better to cite your post more clearly.. or just provide a link to it in order to attempt to lessen some potential confusion]  in other words, you bad experience and sloppy prior practice might be a lesson regarding don't do it like you did it, but does not mean that there might not be ways to structure these kinds of loan/leveraging matters in ways that are more likely to have better results while more adequately and appropriately attempting to account for the risks, too. .including timeline and more informed cycle considerations, too... and perhaps not including additional risks of shitcoins within whatever you may be trying to accomplish, too (again this thread is not about shitcoins, anyhow, which likely require particular analysis and some additional discussion - which remains off topic in terms of this thread, so no need to devolve further into talking about those various pump and dump - who knows what they are nonsense coins - except maybe in another thread).

Alright thanks I really appreciate atleast have learn something today.

[Natalim]

borrowing is very risky which is why people are advised not to do it at all. the only   exception is if its for long duration and from a family who just wish to help. things are not the same when you trade with a borrowed money and personal money.

Exactly. Its easier to invest knowing the money you put in it is only the amount you can afford to lose. But if you prefer borrowing money, it will be  a high risk knowing the profits you will gain has no definite time when it will happen. So paying your loan plus its added interest without a good source of income will make your whole life a disaster.

This is the reason why borrowing money for any kind of investment is not acceptable. Its better to earn first before deciding to invest so that if your investment fails, then you have nothing to worry how to repay someone else but just your own empty pocket.

[doomloop]

I was thinking the same thing today, in my nation for about 6.2k dollars you could get a 12 rx470 4gb mining rig, and 3 axies that are not bad at all. That 12 gpu 470 rig would give me around $13 per day, which is around 400 dollars a month, and it is going to continue most probably, its "safe" investment, not guaranteed but you can probably make a profit even if its lower or higher.

The problem I faced when making similar calculations was the cost of electricity and maintenance. Actually, I visited some mining rigs locally where guys were actually mining using a lot of rigs/miners and during a brief discussion with them, mining does have a lot of problems and the biggest one is electricity. If that's cheap in your region, surely worth it.

By maintenance, I meant the cost of cleaning and a small staff to ensure things are working properly all the time.

As for Axie infinity, I believe at some point the cost of Axie's will reduce because it's impractical to assume the same price while the supply for Axie is infinite given how many new players are joining in. Hate to say but it's more of a dividends payout scheme, the earlier you enter the more you will make.

[Benefactor]

Acquiring cash to put resources into bitcoin as I would see it won't ever be restricted, you can do it. However, are you quite certain that you can take care of your credit at development when the cost of the bitcoin you purchased has dropped by a couple of percent. There are times bitcoin goes all over, you can't be certain assuming cost will take great additions and, your obligations will going to increment and stays neglected.

[lixer]

Few months ago when bitcoin broke $60k people where predicting next bitcoin move to be $100k which bitcoin even dump to around $29k. So what if you borrow money and you are ask to pay back within one month and you bought bitcoin at $60k if time for payment reach and you don't have choice won't you have to sell at lost and still for money to complete it so that you can pay back which might even affect you health.

The answer is simple, don't borrow money for short term and ask the lender for more time. Also since you are investing in bitcoins for real, you can always assure the lender by proving the assets you hold.

Taking loans for a few months to invest in Bitcoin is a real problem since you are then forced into a situation where either the price of bitcoin jumps high or you bear the loss.

We are not talking about "cryptocurrency" in this here thread; we are talking about bitcoin.

Hopefully you understand the difference.

I love the fact you put things straight. A lot of people for some reason consider Bitcoin just as another crypto but fail to realize the difference between Bitcoin and all these newly crested coins.

Bitcoin definitely has value for the future but altcoins don't, at least most of them.

[JayJuanGee]

We are not talking about "cryptocurrency" in this here thread; we are talking about bitcoin.

Hopefully you understand the difference.

I love the fact you put things straight. A lot of people for some reason consider Bitcoin just as another crypto but fail to realize the difference between Bitcoin and all these newly crested coins.

Bitcoin definitely has value for the future but altcoins don't, at least most of them.

Part of my reason for harping on this topic so much is that there needs to be some clarity in thought in terms of what people are talking about, and surely the investment thesis for bitcoin is not exactly the same as some shitcoin, and if someone is using the term "crypto" or "cryptocurrency" and they really are talking about bitcoin then just say bitcoin and don't be using such a stupid-ass ambiguous term to talk about bitcoin.

On the other hand, if they are talking about some broader concept or other aspects of the cryptocurrency space beyond bitcoin, then sure it can be acceptable and even somewhat clear to use "crypto" or "cryptocurrency" in those kinds of contexts, even if it is somewhat vague and a kind of general reference.

In terms of this particular thread involving considerations about how to invest in bitcoin using leverage, credit or loans, surely the considerations that apply specifically to bitcoin may or may not apply to other "cryptos", and it is not really fair to anyone to take a topic that was originally intended to be about bitcoin and then just assume that all of the same principles and considerations can or should be applied in the event that a person would like to invest in some other random crypto...

Furthermore, if OP was specifically asking and talking about bitcoin, then why the hell even attempt to expand the topic to any kinds of broader topics or other investments unless there is some kind of reason to make such discussion in order to potentially help to inform the topic or to attempt to address the considerations that the OP raises in regards to bitcoin investing. Surely, there are other forum threads or even other forums to take those kinds of topics - rather than likely muddying this here thread with only quasi-relevant considerations at best, and likely just unneeded areas of discussion that might even be purposeful distractions or cause a slippery-slope devolution into more and more irrelevance (ie - nonsense).

[RokokGudangGaram]

May I ask if you are referring to borrowing money to a friends or family member or bank? or are you talking about margin trading? I think that 2 is different thing. I don't think borrowing money to those is not wise, I suggest if you are a good trader use the margin trading but if you failed to predict it that it's going up you will need to pay what you have borrowed and I think the fee for that is very low.

[Marcorey]

Although bitcoin is a very profitable currency, there is still a lot of risk in borrowing money to invest. Especially in the crypto market, the price of cryptocurrency fluctuates greatly, and it is impossible to predict when the price will rise or fall.
If the price of the currency in which you borrow money to invest falls, you will need to bear greater economic losses, so you must invest within your own financial capacity.

[junmisakiro]

Making a loan and then putting everything into bitcoin investment will of course be a big risk, because when we invest with bitcoin there is no definite possibility if we will get profits consistently, basically the crypto market will always move without being predictable with accuracy so that that it is very possible to accept loss and if lose everything then this will be a double loss for us.