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

[Fatunad]

IMO there is nothing wrong with borrowing money to buy bitcoins what is wrong is that you borrow money from a bank to buy a car, vacation or buy jewelry. I'm sure there are many traders/investors who are successful or make big profits from borrowing money from banks to buy Bitcoin.

This is true, this is something you could really compared on borrowing into someone just because you are needing to buy something or investment which its not really  that different when it comes to this manner.
It isnt really that bad to borrow as long you do know on how to repay those loans or debts on proper or exact time which it would really make yourself able to avoid some problems.
As long you are aware with possible problems if you do miss out on paying then you should make yourself that responsible and serious on getting rid of it.
Sometimes this is really some sort of last resort if we dont have cash or something for us to invest specially when we do see some opportunity.

[panukurap]

Right, i'm agree with you if borrowing money to invest in Bitcoin is part of the business. Some people borrow money because they lack capital so there is nothing wrong with doing this. Their purpose of investing is also to make a profit so there is nothing strange in my opinion. The problem of BItcoin prices that continue to experience fluctuations and unstable market conditions is indeed a risk that must be faced and cannot be avoided continuously. If you want to be successful you will also experience failure, what you can do is minimize the amount of loss you will experience.

[wendty]

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.

[Hamphser]

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.

Every decision to make would have corresponding risk whether on someone would able to take that risk or would totally avoid it, its actually on someones choice whether he could able to repay the loan or not.

Just like on what others mentioned above about opportunity and we dont have money left and as we do see some scenario or instances which we do really need to take some step or action then we dont have

any choice but to borrow and wont really like to miss out that opportunity so its a personal call whether you do proceed or not.

[Untomabur]

IMO there is nothing wrong with borrowing money to buy bitcoins what is wrong is that you borrow money from a bank to buy a car, vacation or buy jewelry. I'm sure there are many traders/investors who are successful or make big profits from borrowing money from banks to buy Bitcoin.

Actually it again depends on each individual because investing in crypto there is no guarantee of making a profit and the crypto market is difficult to predict
so if we borrow money to invest maybe it will increase the risk,
think carefully before borrowing money and better use cold money

[rojan]

to me borrowing for investment purposes is a bad idea. this is very risky for us traders, you don't have enough capital to trade but doing this loan the risk is doubled. anyone who is and is close to me and in this thread for those reading I don't recommend doing that.

Its true. When you want to invest anything go with the amount that you can afford to lose. Dont ever try to go in debt just to invest on a speculative asset like bitcoin.With bitcoin, you can make a fortune, but you may lose a fortune. Theres nothing magical in bitcoin, it can go up  and it can go down. Investing carries risk and bitcoin carry enormous risk. So if you cant afford the money that you put in, then do not invest in it.

Cryptocurrency but here are some of the things that are believed to be borrowing money to invest in bitcoin if not a good idea here will only lean towards something good if suddenly it is better to use money and I think the best option here is especially for you if you  If there is no capital then it is better to start investing in what you can do here but I think it is possible to reduce the most important risk here but it is not good to take more risk here.

[shawon01]

to me borrowing for investment purposes is a bad idea. this is very risky for us traders, you don't have enough capital to trade but doing this loan the risk is doubled. anyone who is and is close to me and in this thread for those reading I don't recommend doing that.

Its true. When you want to invest anything go with the amount that you can afford to lose. Dont ever try to go in debt just to invest on a speculative asset like bitcoin.With bitcoin, you can make a fortune, but you may lose a fortune. Theres nothing magical in bitcoin, it can go up  and it can go down. Investing carries risk and bitcoin carry enormous risk. So if you cant afford the money that you put in, then do not invest in it.

It is not a good idea to make money from this type of answer and Aadhaar, but if you ask someone to invest money in NC here, you will be doing a lot of foolishness because it will increase your risk here. It is better to use money suddenly.  And I think it's the best option you can start politely if you don't have it, but I don't think it's a good idea to borrow here and risk it.

[retreat]

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.

to be honest if you are reckless (borrowing money to buy Bitcoin) then there is nothing wrong with that. but you have to remember, you can only buy bitcoin with borrowed money when the price of Bitcoin drops, never buy bitcoin with borrowed money when the price is high or is bullish. I heard that some people profit from borrowed money but they buy it into bitcoin.

[GelatikKembar]

very bad if your money or capital is the result of a loan from a bank or someone else, because you have to know the risk you accept in crypto currency is very large,
you can lose your money, and I believe you can find it difficult to return the money from the loan that, my advice never borrow money and buy crypto currency,
use your own money and your investment will be much calmer.

[sensimilia]

You can be successful when you borrow money and invest in crypto and you can fail too. The most important thing is being able to know when to enter the market. If you enter the market at high you may lose but if you enter at low you will gain. For anyone to take such risk you must have much knowledge of the market

There is no way we can certain that whats the best time to enter and exit market, as crypto market is based on speculations and takes wild swings very often. There is golden rule of trading, Invest as much as you can afford to lose. I guarantee an experienced trader never do such mistake of investing with borrowed money only newbies do that silly mistake. 

You do not want to be frustrated if you cannot get the right pitch so invest in a good capo.  The reason is that from here on out the bitcoin market has become very tight now but here for sure you can't do it here.

[Smitty Werben Man Jensen]

You can be successful when you borrow money and invest in crypto and you can fail too. The most important thing is being able to know when to enter the market. If you enter the market at high you may lose but if you enter at low you will gain. For anyone to take such risk you must have much knowledge of the market

There is no way we can certain that whats the best time to enter and exit market, as crypto market is based on speculations and takes wild swings very often. There is golden rule of trading, Invest as much as you can afford to lose. I guarantee an experienced trader never do such mistake of investing with borrowed money only newbies do that silly mistake. 

You do not want to be frustrated if you cannot get the right pitch so invest in a good capo.  The reason is that from here on out the bitcoin market has become very tight now but here for sure you can't do it here.

yes you are absolutely right, because it is very high risk if you borrow money just to invest in crypto,
especially if you play in futures trading, I guarantee you will not be successful, your emotions, thoughts, and analysis will not be able to hold it.
if you really want to play and invest in crypto currency, it's better you use your own money, maybe from selling goods, or from your wages

[Franctoshi]

It's a two ways thing , it could be profitable and in order hands not be profitable, the weird part of it is when you borrow and invest on a particular coin with the hope of getting profit to payback your debt and you get recked at the end of the process. So if someone wants to borrow money with the aim of investing into Bitcoin, I suggest it should be for long time, something like 1 Year and above because anything lesser than that could be weird.

[Fatunad]

It's a two ways thing , it could be profitable and in order hands not be profitable, the weird part of it is when you borrow and invest on a particular coin with the hope of getting profit to payback your debt and you get recked at the end of the process. So if someone wants to borrow money with the aim of investing into Bitcoin, I suggest it should be for long time, something like 1 Year and above because anything lesser than that could be weird.

Nothing is assured even if you do invest with bitcoin and you are relying on the profits of that on 1 year time.It not an assurance most of the time that you would be expecting to make money thats why its more important
that you should have other source of income on where you could able to repay those interest of those loans without any hiccups or problems.Its up to someones decision whether they would make out some loans or not .
Some might be aware of the financial capacity and some do make out rush decisions which would really make out these possible problems on not able to repay.
Its not bad to take loan on investing to bitcoin but be assure that you do have back up plans.

[Iadegbola34]

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin.

I would never advice you to borrow to invest in a very volatile market. Yeah a lot of expert might say Bitcoin will break the ATH soon but no one really knows for sure. The price can move against you at any time. How then do you intend to pay back your loan in such situation, considering you will have to pay interest too on the loan.

[Cling18]

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin.

I would never advice you to borrow to invest in a very volatile market. Yeah a lot of expert might say Bitcoin will break the ATH soon but no one really knows for sure. The price can move against you at any time. How then do you intend to pay back your loan in such situation, considering you will have to pay interest too on the loan.

Cryptocurrency is too volatile so borrowing money to invest in it will only bring complications in a person's life. Saving and investing your own fruits of labor in it would be better. It's really tempting to invest with Bitcoin but if you can't make it that easy, you better work for and strive for it than to rush things out through borrowing.

[kapalmabur]

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin.

I would never advice you to borrow to invest in a very volatile market. Yeah a lot of expert might say Bitcoin will break the ATH soon but no one really knows for sure. The price can move against you at any time. How then do you intend to pay back your loan in such situation, considering you will have to pay interest too on the loan.

Cryptocurrency is too volatile so borrowing money to invest in it will only bring complications in a person's life. Saving and investing your own fruits of labor in it would be better. It's really tempting to invest with Bitcoin but if you can't make it that easy, you better work for and strive for it than to rush things out through borrowing.

It's true however before borrowing money to invest in crypto you need to consider it because it's too risky,
better use cold money it's much safer and make wise decisions because otherwise it will add to the problem,
most importantly think carefully before borrowing money for investment

[Bhig Daddy]

I will never ask anyone to take such a gamble, I mean you can never be too sure with such odd, even the smallest odd to cut. I mean it just like betting on the biggest team not to lose and there are every possibilities that they will lose. So u can't borrow money and place on such a gamble. It might come through for you tho but what if it doesn't.

[SanderKlakegg]

I think it is very risky and generally not worth borrowing money to invest, because in the end you have no control over anything and even if you think that the idea is 100% correct and now it will be TO THE MOON, it is only your opinion and the chance to be wrong in such a case is really huge!
I think that if you don't have a big amount to invest at one time, you should do it every month, but in small amounts.
I do it that way and am very satisfied. I don't really care about the price, because I'm investing for the long term and every month I buy coins, thus accumulating my asset.

[Alisha FR]

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.

I don't blame if you borrow to invest in bitcoin. it's just that, if you take out a loan you'll have a hard time paying it off. because there is no guarantee the bitcoins will increase over the term of your loan. this is very risky for you to do. so a good move is to take savings or work first to raise your own money and then invest.

[sensimilia]

Borrowing money from the bank to invest in crypto is essentially betting on which asset would appreciate more, a currency which suffers from inflation and has unlimited supply or an asset with storing value + utility. So yes, it would be weird not to do it.

If he's talking about some ideas about Bitcoin, then politely, here's the market for a while. He has no idea if they'll repay the loan, but we've mentioned the possibility of Bitcoin, but there's not much tension.  After a while, the market will return to normal, but investors will be under a lot of pressure to repay the loan if they have some patience, then their problem will be solved from here.