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

[Riodarvg]

While investing in Bitcoin can be lucrative, borrowing money to invest is especially crazy.
Bitcoin price does not always trend upwards, it is also constantly changing. When the price falls, you must be a certain economic loss.

[Hobo66]

Bitcoin is the only coin which can give you huge success than any other coin as you know that bitcoin price was such low then most of people desires to make investment and buy coin and now you can see those people who are  in profit just because bitcoin price fluctuates but it does not implies that it is bad coin and investment in bitcoin is not good. I suggest that keep eye on its worth and if you think that is good to buy or sell then do it as it is most trustworthy coin.

[Fatunad]

Bitcoin is the only coin which can give you huge success than any other coin as you know that bitcoin price was such low then most of people desires to make investment and buy coin and now you can see those people who are  in profit just because bitcoin price fluctuates but it does not implies that it is bad coin and investment in bitcoin is not good. I suggest that keep eye on its worth and if you think that is good to buy or sell then do it as it is most trustworthy coin.

If you are minding or thinking about getting 2x of your investment then Bitcoin wouldnt be an ideal choice and this is which most people do really make choose of altcoins but speaking with
borrowed money neither you do invest on bitcoin or altcoins then it would be a risky thing to be done since we dont know on what would happen next and if you couldnt able to
repay those loans then it would just create another big problem of yours because its never been suggested to take up some loan because it would really be a big problem of yours.

[Crypto-Ivan]

Borrowing money to invest is not the right decision. Bitcoin price is difficult to predict accurately, its market is volatile and will change at any time. You have to take a loss when the price of bitcoin goes down, and it's a double loss. So borrowing money to invest in Bitcoin is very risky.

[Jasad]

Bitcoin is the only coin which can give you huge success than any other coin as you know that bitcoin price was such low then most of people desires to make investment and buy coin and now you can see those people who are  in profit just because bitcoin price fluctuates but it does not implies that it is bad coin and investment in bitcoin is not good. I suggest that keep eye on its worth and if you think that is good to buy or sell then do it as it is most trustworthy coin.

If investing only with bitcoin I think need weird to borrow much money because little fund for investing on bitcoin just achieve little profit only, I think is worth if you try weird borrow money and invest with bitcoin but you need brave borrow money with higher amount, maybe $30,000 looks worth if try investing on Bitcoin and take profit about 3% every day. Maybe without one years you can finish to pay your borrowing and keep get profit if you know when have to invest on bitcoin and get good chance during bitcoin have lower price.

[Accardo]

Bitcoin is the only coin which can give you huge success than any other coin as you know that bitcoin price was such low then most of people desires to make investment and buy coin and now you can see those people who are  in profit just because bitcoin price fluctuates but it does not implies that it is bad coin and investment in bitcoin is not good. I suggest that keep eye on its worth and if you think that is good to buy or sell then do it as it is most trustworthy coin.

If investing only with bitcoin I think need weird to borrow much money because little fund for investing on bitcoin just achieve little profit only, I think is worth if you try weird borrow money and invest with bitcoin but you need brave borrow money with higher amount, maybe $30,000 looks worth if try investing on Bitcoin and take profit about 3% every day. Maybe without one years you can finish to pay your borrowing and keep get profit if you know when have to invest on bitcoin and get good chance during bitcoin have lower price.

This has a big risk attached, but works as stated and the other way round if the bitcoin price fumbles it'll pose a catastrophe for the debtor but given a long period of time bitcoin will be able to generate more profits for the person. I think the main risk attached to this move is time. The longer the payback time the lesser the risk of losing out.

[gamer4156]

Assuming you believe that the bitcoin venture is a wise speculation, it's fine assuming that you will acquire cash for it, simply observe that it has higher gamble contrasted with customary speculation that we're utilized to. Albeit for this situation the venture has been commendable. I need to put as quite a bit of my pay in Bitcoin as there is in excess.

[Oilacris]

Totally weird and stupid, you're investing in bitcoin which is highly volatile with a money that's not even yours in the first place. I think that it's in your best interest not to do it because you might experience loss or you might exit too early with too little profit and end up with nothing because the loans have interest and as a decent person, you'll pay it in full.

If you are taking a loan but able to repay it with the use of other sources other than that investment of yours then i dont see anything wrong but if you are depending on it then it is a suicide.You wouldnt
able to make out some assurances on where you could make out profits in time and if you are just depending into those profits then you dont know on when it would happen or realized which is the
main risks when you are making it as a source of income which it shouldnt be done on the first place.

[Fivestar4everMVP]

Totally weird and stupid, you're investing in bitcoin which is highly volatile with a money that's not even yours in the first place. I think that it's in your best interest not to do it because you might experience loss or you might exit too early with too little profit and end up with nothing because the loans have interest and as a decent person, you'll pay it in full.

Well, why would he exit too early when he has not made enough profit to cover the borrowed money and the incurred interest? Sounds stupid to me.
The end of discussion is to never borrow or take a loan for the sole purpose of investing in bitcoin, it's highly risky and one might not be able to pay back if things go south.
Ive said this here before, if you must borrow, then it must be from relatives who must understand incase things don't go as planned , I personally have had opportunity of borrowing over 2 million in my local currency to invest in crypto, but after a second thought about it, I outrightly rejected the offer, if I had collected that money, probably I might have died from high blood pressure or heart attack by now or maybe I will be seriously ill, nothing troubles my heart more than owning someone.

[kawetsriyanto]

Totally weird and stupid, you're investing in bitcoin which is highly volatile with a money that's not even yours in the first place. I think that it's in your best interest not to do it because you might experience loss or you might exit too early with too little profit and end up with nothing because the loans have interest and as a decent person, you'll pay it in full.

Since there is no guarantee in Bitcoin trading or investment, using loan money isn't a good idea. However, we cannot state every person using loan money is stupid or weird, depending on how his knowledge and experience in crypto trading/investment. For a newbie, using loan money to trade/invest is a totally stupid idea. But for a crypto expert or a professional crypto trader/investor, using loan money to gain bigger profits may be a good idea since they know well how to gain profits and can minimize the opportunity of losses. So, there is nothing wrong with using loan money as long as the person knows well how to gain profits from trading/investment although it is not recommended to use.

[Renampun]

I Don't support borrowing money from others source and invest into cryptocurrencies because cryptocurrencies market always uncertain in nature and don't realize how the cryptocurrencies market be stabled? So if I get losses in borrow money, then how can pay my borrow money?

but if you borrow money to buy when the market is bearish, it's really a very wise move...

the crypto market will never be stable but if you can take advantage of opportunities when the market is bearish then I can assure you that you will make big profits. the price of Bitcoin on 22/1/2022 was around $35k and the current price of btc is $39k, just imagine how much profit you can get if you make a loan to buy bitcoin at the price of $35k ago.

[shawon01]

The cryptocurrency market will always move in this direction, although we have done some technical analysis before entering the market and what we know in the future with the price of the currency has nothing to do with it and does not always meet our expectations.  Either way, to play with cryptocurrencies, we always have to use old money to invest, even though we don't have much money here.

[tippytoes]

I Don't support borrowing money from others source and invest into cryptocurrencies because cryptocurrencies market always uncertain in nature and don't realize how the cryptocurrencies market be stabled? So if I get losses in borrow money, then how can pay my borrow money?

but if you borrow money to buy when the market is bearish, it's really a very wise move...

the crypto market will never be stable but if you can take advantage of opportunities when the market is bearish then I can assure you that you will make big profits. the price of Bitcoin on 22/1/2022 was around $35k and the current price of btc is $39k, just imagine how much profit you can get if you make a loan to buy bitcoin at the price of $35k ago.

But you won't know where the btc market is heading at the time when you borrowed the money. You will only know if it is bearish or bullish after few days or weeks passed. So how can you assure yourself or your lender that you can get his money back with profits? Also, if he has given timeframe to return the money, do you really think that 100% sure that you will get the profits by the time you need it to return? For me, this is very risky. It is fine if you are borrowing from your immediate family because they can understand, but if others, I don't know what penalties they will impose if you delayed your payment.

[so98nn]

I Don't support borrowing money from others source and invest into cryptocurrencies because cryptocurrencies market always uncertain in nature and don't realize how the cryptocurrencies market be stabled? So if I get losses in borrow money, then how can pay my borrow money?

This question you should have mainly on your mind on how you would repay those loan money? If you do have other source on which you could able to do so then its normal that you would really get confident on getting

one since you do know that you could able to repay those things not on waiting for your crypto earnings.So its very situational because not all people are the same in speaking with financial conditions.

If you do tend to invest on crypto then never ever anticipate nor conclude into yourself that you could make guaranteed profits.

Yeah, it would be like loan on loan and interest on interest situation. This is very bad move to be honest. Not recommended at all. May be you can borrow money and give it out with higher interest rate to your local people which is being practiced in real world also. However, borrowing to invest in highly volatile asset Like bitcoin? Man that’s shit risk and you would never know what’s bitcoins next move.

Only borrow and invest if you are sure about the returns that you gonna get from the market. Even though assets like oil, gold are safe then also I would think twice. But bitcoin? Never. It’s volatile.

[JayJuanGee]

I Don't support borrowing money from others source and invest into cryptocurrencies because cryptocurrencies market always uncertain in nature and don't realize how the cryptocurrencies market be stabled? So if I get losses in borrow money, then how can pay my borrow money?

but if you borrow money to buy when the market is bearish, it's really a very wise move...

the crypto market will never be stable but if you can take advantage of opportunities when the market is bearish then I can assure you that you will make big profits. the price of Bitcoin on 22/1/2022 was around $35k and the current price of btc is $39k, just imagine how much profit you can get if you make a loan to buy bitcoin at the price of $35k ago.

But you won't know where the btc market is heading at the time when you borrowed the money. You will only know if it is bearish or bullish after few days or weeks passed. So how can you assure yourself or your lender that you can get his money back with profits? Also, if he has given timeframe to return the money, do you really think that 100% sure that you will get the profits by the time you need it to return? For me, this is very risky. It is fine if you are borrowing from your immediate family because they can understand, but if others, I don't know what penalties they will impose if you delayed your payment.

It seems to me that a vast majority of members are against loan and against using leverage as an investment tool because their way of thinking about the use of leverage is fucked in the head.. I mean in a very perverted way... We have many members describing the whole process as a way to use the proceeds of the loan (and the profits from the BTC price goin up) as if it were going to be the ONLY way to pay back the loan.

If you structure a loan for yourself in such a way that the ONLY way to pay it back is that the BTC price goes up sufficiently to cover the loan and all the costs of the loan, then you seem to be destined to failure because you are using your ability to get credit as a means to double down on gambling rather than leveraging a way to get ahead.. as the smart folks will leverage to get ahead.. and NOT be fucking around with gambling.. at least not as the base case and if any gambling is included then it is a relatively minor portion of the way the bitcoin/loan transactions are structured. 

Maybe if I say this in another way, each of us has to be careful regarding how much we are putting our principle at risk with any way that we implement our budget, and of course, there is always going to be some risk..and many times what seems to happen is that the building of principle tends to be slow in the beginning but it also tends to have a magnifying effect as it gets bigger, so if you are not losing your principle in the beginning and you are continuing to build your principle then there are greater chances that you are going to get ahead.

By the way, I will concede that there are are personality types that have gambled extensively and have gotten rich as fuck, yet I doubt that those are good ways to model behavior..especially if one of your central goals is to increase your odds of significantly improving your lot in life - and also reaching fuck you status.. which a vast majority of people do not reach.. and frequently they have made a lot of mistakes along the way in terms of either not taking risks and/or putting too much of their principle at risk (failure to sufficiently/adequately preserve their principle).

[shawon01]

Joining here or the fever is good and if the price of the coin played is good then we are safe and rely on refund from here so we tend to close the loss trade to pay and everyone here to add and invest  Don't rely on it but plan to stop taking other drugs

[Broyleso]

Borrowing money to invest is very risky. The price of Bitcoin is volatile and difficult to predict. When market prices change, it is easy to be affected by market sentiment and make wrong decisions that lead to losses.
Without familiarity with crypto knowledge and trading strategies, it is difficult to guarantee a consistent profit in the crypto market.

[Frengki_cisco]

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

Weird if we borrow money nowadays to invest in Bitcoin, if you say in 2018 or 2019, it makes sense to me with a loan in 1-2 years time, currently borrowing money and buying Bitcoin is the same as killing yourself, there is but if the one who borrows money makes futures trading, it enters my mind.

[Polkeins]

People have been living in debt for thousands of years, the oldest bank in Italy seems to be about 800 years old.
 There is nothing wrong with the loans themselves. It is only important to be able to properly manage money.
In this case, it should be understood that in fact in the crypto you are not trading/ This is gambling. Therefore, the risks must also be calculated like in the casino.

But in general, it seems more logical to buy equipment(GPU maybe) and mining ETH or other coins, at least you can return some money in the future.
If you're newbie in trading and if you're going to trade altcoins, you should know that you can easily lose up to 99 percent of the deposit in a couple of transactions.

Who remembers the substratum knows what is that about.

[JayJuanGee]

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

Weird if we borrow money nowadays to invest in Bitcoin, if you say in 2018 or 2019, it makes sense to me with a loan in 1-2 years time, currently borrowing money and buying Bitcoin is the same as killing yourself, there is but if the one who borrows money makes futures trading, it enters my mind.

If you are looking at 2018 to 2019 now, it makes sense to have had borrowed, but there is no way to time exactly when is the right time with any kind of high confidence - nonetheless, anyone who is engaging in borrowing needs to attempt to account for a variety of scenarios that could play out and not necessarily count upon the price of bitcoin going up in order to pay off any loan that is taken out.

Right now, we are around 40% to 45% of a dip from the top, so it is not obvious that the BTC price is going down from here.. but it is also not obvious that the price is going up.

Currently if you get a 2 year loan with something like 6% per year, then what are the odds that the BTC price will be up 12% to 14% from here after 2 years, which would be right around $45k?  better than 50% odds?  If the odds are better than 50%, then it may well be  good idea to get a loan - so long as you are still able to pay back the loan during that time.  Each person has to weigh whether that kind of a gamble is worth it... and probably instead of calculating bitcoin at $39k, instead calculating the BTC price needing to be $45k as the break even price for such a two year loan with a 6% per year interest rate.


By the way, if anyone has already established eligibility and pre-approval for a loan that is 6% per year and has a 2-year pay-off period, and that "credit line" is being held open, then there could be some consideration about whether it would be good to employ that right now, or to wait for 3-6 months.... Bitcoin has been a very good investment with merely employing a somewhat aggressive ongoing investment strategy.. and 4-10 years down the road, there can be a lot of advantages in continuing to invest with an aggressive strategy - and not even necessary to employ leverage - nonetheless, it can still be a good mental exercise to consider whether employing additional risk.. such as having a loan that ends up front loading cashflow would be a good idea at a time like this, or would there be a better time to attempt to employ such tool.  I have always considered that private loans tend to have way better terms than exchanges because at least you cannot get margin called... so long as you are putting something other than bitcoin up for collateral.... whether it is just using personal credit or maybe some other means of funding the loan with some kind of collateral that is not necessarily bitcoin.... On the other hand, if you use bitcoin for collateral, it is likely to be very clear about the terms in which your loan can be called including how much collateral that you need.. including considering whether it might be prudent to overly collateralize such loan, if engaging in those kinds of loans.. and are the terms of the loan otherwise favorable.. are you getting less than 6% per year interest, or are you having to pay higher interest rates which changes the calculations.  All can be a good mental exercises to consider what terms are available to you personally.

People have been living in debt for thousands of years, the oldest bank in Italy seems to be about 800 years old.
 There is nothing wrong with the loans themselves. It is only important to be able to properly manage money.
In this case, it should be understood that in fact in the crypto you are not trading/ This is gambling. Therefore, the risks must also be calculated like in the casino.

But in general, it seems more logical to buy equipment(GPU maybe) and mining ETH or other coins, at least you can return some money in the future.
If you're newbie in trading and if you're going to trade altcoins, you should know that you can easily lose up to 99 percent of the deposit in a couple of transactions.

Who remembers the substratum knows what is that about.

We are not talking about shitcoins in this thread.  Maybe refocus your answer/response in terms of discussion of bitcoin so at least you are talking about the correct underlying asset instead of getting distracted into off-topicness...

Otherwise, your first paragraph in which you assert that proper money management is the key to considering the whole matter... and yeah, hopefully we would not be using a loan to gamble but instead to invest - and sometimes the line between what is investing and what is gambling is not exactly clear and it depends upon the approach of the person getting the loan in terms of how to manage the funds... including how to calculate the risks and to account for both the upside and downside scenarios.. even extreme variations of each.. and at the same time having a plan for any of those scenarios including considering if it would be worth it to get the loan and to take those various risks that go beyond merely investing without such a loan.