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

[LUCKMCFLY]

These days something curious happened to me, I was dreaming about this thread, and in my dream I thought that it is not bad to borrow to buy BITCOIN as long as it is not in its last ATH, what should be responsible is in Having the necessary capacity to pay the loan with its corresponding installments without letting one's life get out of control is like making an effort to guarantee the best possible life for oneself and one's family.

There are many who get into debt and want to pay the loan with the profitability that the BTC provides them, and if it is not generated? That is where the problem comes in, I think that is the main reason that must be taken into account.

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[sensimilia]

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.

Of course it will be profitable, but if and only if you have privileged information all the time or have a very broad understanding of the market, but if you ask for a loan with long-term payment facilities it would be ideal because that way you would have There is more opportunity that bitcoin can rise in price and thus be able to pay the installments quickly, currently I do not see it as bad to ask for a loan to buy BTC, but that you have the capacity to pay at least so that you can pay in installments.

Here, but for every person to go here and edit on the power or not, to be polite, if I say here that if a person buys Bitcoin, then it should be bought by borrowing his money, but it should be remembered that acting in a stingy way is a  The big risk is that the reason for this age is that if he has knowledge about it then he must have some of these. Before you decide to borrow money, the thing you have here is do you have any idea about iftar?

[Leebabe]

Borrowing money to invest in bitcoin is definitely a risky game. It could go either way,profitable or in loss. So would you be able to take care of the loss, the pressure from whomever you might have borrowed from? It's not just weird but a bloody risk when it does go south. It's best you use your own money and one that you can actually afford to lose. Also if you insist on borrowing just make sure it's a long term investment from a bearish to a bullish season.

[sklopan]

It seems to me that borrowing money for investment is not the best option. At least I wouldn't do that.

[Hamphser]

I wouldn't do that and I wouldn't even advise anybody to do that, Bitcoin has zero guarantee and your debtor might even run inpatient, It could also pay off for you. So it like placing your fund on bet, anything could happen, we no fortune tellers.😃😃

If you do have other sources of income which you could able to repay those debts then i dont see something for it to be wrong but it would be good that you do make yourself out from debt or loans and much better if you

do make use your own savings or funds on making out investment and dont stress out yourself on paying up something because you have taken some loan earlier but there are instances or situations which cant be avoided
for you to do so because not all the times we do really have that money to invest on thats why taking up some loan would be our last resort or chance.

I think it all depends on the situation and condition of each individual. If by borrowing it doesn't cause a problem with our finances because we may have spare funds to pay it off if something bad happens, it might not be a problem. especially if the moment is right for that time, for example the price of bitcoin is experiencing a discount, with knowledge of crypto, then this cannot be called gambling. in contrast to us rushing to buy without good knowledge, and without good calculations too, then this includes gambling, where the risk is big.

You would really need to risk something if you are really tending to get some chance to make some or more profits specially on crypto investment but it wont really be an assurance even if you do stick with Bitcoin.

Well, we know on whats the potential of Bitcoin could give but rest assured there are people who do keep or staying up their eyes on altcoins yet the return or profits thats why they do really taking up some

shot into it where they dont really just limit out on Bitcoin alone but also in other possible coins as well.Borrowing isnt weird as long you do know your obligations.

[Wawa2013]

These days something curious happened to me, I was dreaming about this thread, and in my dream I thought that it is not bad to borrow to buy BITCOIN as long as it is not in its last ATH, what should be responsible is in Having the necessary capacity to pay the loan with its corresponding installments without letting one's life get out of control is like making an effort to guarantee the best possible life for oneself and one's family.

There are many who get into debt and want to pay the loan with the profitability that the BTC provides them, and if it is not generated? That is where the problem comes in, I think that is the main reason that must be taken into account.

You are right, problems will start to arise when the borrowed money we use to buy Bitcoin cannot be able to provide the profit we expect.
Especially if we plan to pay the loan money from the profit generated from Bitcoin, it was a very stupid act. Because Bitcoin movement is
very volatile, so the profits we get will not be fixed. Meanwhile, if we owe the installments that must be paid, there must always be a routine
according to the agreed date, if we don't have the money to pay the debt installments, we will definitely run into big problems.

Therefore, using borrowed money to invest in Bitcoin is not recommended, especially since the price of Bitcoin is very volatile, because it will be
a problem for us in the future. Unless we have another source of income to pay our debt installments, it is still understandable if we borrow money
to invest in Bitcoin. But it would be even better to use the extra money we have for investing in Bitcoin, because the risk is too high for us to use
borrowed money to buy Bitcoin. We must remember that investing in Bitcoin does not need to be with large capital, but it will be more effective
to use capital according to our respective financial capabilities.

[uneng]

Therefore, using borrowed money to invest in Bitcoin is not recommended, especially since the price of Bitcoin is very volatile, because it will be
a problem for us in the future. Unless we have another source of income to pay our debt installments, it is still understandable if we borrow money
to invest in Bitcoin. But it would be even better to use the extra money we have for investing in Bitcoin, because the risk is too high for us to use
borrowed money to buy Bitcoin. We must remember that investing in Bitcoin does not need to be with large capital, but it will be more effective
to use capital according to our respective financial capabilities.

Even though you have another source of income it's not executable. Nobody knows for how long bitcoin will keep stable on the currently price range or if it will crash further, but it's sure you will have to pay the loan back every month to the bank. And the interest charged is too high. I usually see people borrowing money in order to buy a car or a house and when I see how much they are being charged by the banks in interest percentage, I conclude they could be purchasing two cars or two houses with the money they are paying back to the bank, if they were more economical and didn't rely on banks for money.

With bitcoin it's the same principle. Being economical it's possible to acquire more bitcoins, instead of filling the banks' pockets with easy profit through loans.

[Farma]

These days something curious happened to me, I was dreaming about this thread, and in my dream I thought that it is not bad to borrow to buy BITCOIN as long as it is not in its last ATH, what should be responsible is in Having the necessary capacity to pay the loan with its corresponding installments without letting one's life get out of control is like making an effort to guarantee the best possible life for oneself and one's family.

There are many who get into debt and want to pay the loan with the profitability that the BTC provides them, and if it is not generated? That is where the problem comes in, I think that is the main reason that must be taken into account.

in fact, it is the first thing to think about before borrowing money to buy bitcoin. what if our profits from bitcoin can't pay the loan? well, because of that, if someone wants to borrow money for bitcoin, then it is necessary to make sure that the income must be large enough to pay the bill.
however, borrowing money to buy bitcoins is a very risky thing that I thought up to now. however, in the crypto world, especially bitcoin, the fluctuations that occur are not easy to predict. maybe this will be profitable if it is held in the long term, but to pay debt bills, we need other income. it would be better if we only buy bitcoin with a few percent of the salary or income that we have each month. it is a safe movement, and the risk is small. however, some people are able to take the big risks and make these loans for bitcoins. it's just that, some of these people are not ready for the risks that could happen at any time.

[thet]

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.

Even if the price of Bitcoin goes down i will never risk any amount of money that i get from everyone. I prefer to invest from my own savings or money. In that case, even if i fail and my investment din not end  as a profit but losses., I will never ever having a hard time and think of any way on how to pay those amount of money that i borrow from my friends or relatives.

[Wawa2013]

Therefore, using borrowed money to invest in Bitcoin is not recommended, especially since the price of Bitcoin is very volatile, because it will be
a problem for us in the future. Unless we have another source of income to pay our debt installments, it is still understandable if we borrow money
to invest in Bitcoin. But it would be even better to use the extra money we have for investing in Bitcoin, because the risk is too high for us to use
borrowed money to buy Bitcoin. We must remember that investing in Bitcoin does not need to be with large capital, but it will be more effective
to use capital according to our respective financial capabilities.

Even though you have another source of income it's not executable. Nobody knows for how long bitcoin will keep stable on the currently price range or if it will crash further, but it's sure you will have to pay the loan back every month to the bank. And the interest charged is too high. I usually see people borrowing money in order to buy a car or a house and when I see how much they are being charged by the banks in interest percentage, I conclude they could be purchasing two cars or two houses with the money they are paying back to the bank, if they were more economical and didn't rely on banks for money.

With bitcoin it's the same principle. Being economical it's possible to acquire more bitcoins, instead of filling the banks' pockets with easy profit through loans.

We should borrow money from bank only for urgent needs. Because we will be charged a fairly large interest and it will be detrimental to us
if we borrow money for something that is not urgent. Therefore it is not a good choice if we invest in Bitcoin but use money from a bank loan.
As you said borrowing money is not economical, because we will spend more money in the end. So if we want to live more economically,
it is better not to depend on borrowing money from the bank. Especially for investing in Bitcoin, where the price is very volatile, we don't know
when we can make a profit from Bitcoin. While the money loan from the bank has a predetermined repayment period, it will be a problem when
we have not made a profit, but we have entered the due date of debt payments. Loans from banks will only make us panic and take wrong
decisions when used for investment, especially if the market moves not according to our expectations, this will make our economy more problematic.

[GatotKaca]

it depends on who gives the loan. and is there an agreed time for its return?
if borrowing from a bank or other institution to invest in Bitcoin must be a very bold decision. even that could be a reckless act.

This reminds me of the news on social media a few years ago. when the price of bitcoin drops, some people sell their houses and car assets to invest in bitcoin.

[MommyElsa]

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.

Much better to earn and save first before entering an investment thing but if you can handle the stress and all the negative thing when your investment doesn't reach your goal then go on. It is your choice to invest and borrow some money at your own risk.

[carlfebz2]

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.

Much better to earn and save first before entering an investment thing but if you can handle the stress and all the negative thing when your investment doesn't reach your goal then go on. It is your choice to invest and borrow some money at your own risk.

Borrow if you could able to bare the risk but if not then better wait for the right time be because there's right time on everything but I could not blame on why others is on the rush because opportunities do really come on an unexpected way which you would need to act fast so that you could take advantage of it and this is where taking loan or borrowing money would be one of your options.So it's a personal choice and be sure or responsible on repaying those in the right time so that you would avoid problems.

[JayJuanGee]

Therefore, using borrowed money to invest in Bitcoin is not recommended, especially since the price of Bitcoin is very volatile, because it will be
a problem for us in the future. Unless we have another source of income to pay our debt installments, it is still understandable if we borrow money
to invest in Bitcoin. But it would be even better to use the extra money we have for investing in Bitcoin, because the risk is too high for us to use
borrowed money to buy Bitcoin. We must remember that investing in Bitcoin does not need to be with large capital, but it will be more effective
to use capital according to our respective financial capabilities.

Even though you have another source of income it's not executable. Nobody knows for how long bitcoin will keep stable on the currently price range or if it will crash further, but it's sure you will have to pay the loan back every month to the bank. And the interest charged is too high. I usually see people borrowing money in order to buy a car or a house and when I see how much they are being charged by the banks in interest percentage, I conclude they could be purchasing two cars or two houses with the money they are paying back to the bank, if they were more economical and didn't rely on banks for money.

With bitcoin it's the same principle. Being economical it's possible to acquire more bitcoins, instead of filling the banks' pockets with easy profit through loans.

Your way of framing this whole matter comes off as quite strange uneng, and it is like you are failing/refusing to appreciate both the time value of money and considerations regarding the varying ways to value what a loan might be used for.

In other words, borrowers can increase their overall situation by being able to get some kind of product or good today rather than saving up for the product or good , even if they end up paying more for it after making the payments which presumably would include the accounting for interest and service fees.

Surely some kinds of ways to use money are nearly completely losing propositions in terms of their being considered as investing wisely because they are depreciating in value.  In that regard, historically consumption goods such as  new cars would rapidly depreciate in value, and maybe a home would retain value or even appreciate in value during the time of the loan - including that a home and a car would also have utility value, too.. so in that regard, not all homes are cars would be equal in terms of how practical they might be..,. but there still should be ways to calculate the various kinds of values to figure out if it would be worth it to get a loan to be able to get the good/or product today rather than waiting (presumably saving up and waiting and then needing to hold value in cash or to invest the value in something else while saving up to buy the good/product).

We can make similar kinds of calculations with bitcoin to assess how much does it cost to service the loan and to make our calculations of expected value, and surely one of the potentially BIGGER risks with using our loan proceeds to buy bitcoin is that it has tended to have more volatility - so for very long periods of time (maybe even 3 years or longer) the BTC price could be lower than it had been, so if we use a loan to buy BTC during those periods in which it is either going down or NOT going up, then we would have been better off to just buy BTC on a regular basis rather than getting a loan and lump summing into it at the earlier date. 

Of course, part of my point is that the answer is not obvious, including that the time value of money is also going down - especially in recent times - If we are ending up with money supply that inflates around 10% - 30% per year, then those kinds of increases in the money supply provide very strong evidence that your money is likely going to continue to be less, and whether it ends up being less by the 2% to 8% amounts that the powers that be (places like the Fed) are telling you that it is or if you actually can see that a lot of your own expenses seem to be going up in greater amounts on average, maybe even in the 15% to 20% arena, depending on the kinds of things that are in your own personal budget. and whether you have flexibility in changing some of them... but almost no matter what, the mere fact that the terms of a 5 or 15 year loan might cause you to pay 2-3 times the original cost of the item does not mean that you are actually paying back the loan with dollars that have the same value that they had at the time that you originated the loan.   

A lot of the actual numbers can be projected, but in times like these, there should be some need for margin of error, and if you merely go by the nominal amount that you pay back being way more, then you likely are not adequately accounting for so many of the ways that the money and the goods are changing in value along the way..   

Specifically in regards to bitcoin, the mere fact that it is volatile should not cause folks to presume that it is an inferior place to put their money, but any person who is somewhat sophisticated in attempting to manage their risks would not be ONLY relying on the paying back of the loan based on the proceeds from Bitcoin going up in value, because there is a need to account for the BTC price going either way - so the main part of the calculation seems to revolve around both the consideration of whether there is a desire to front load lump sum buy bitcoin (and also to incur the fees involved with a loan) or to just buy bitcoin as your money comes in.  Surely, some folks are in a better position to negotiate more favorable loan terms both in terms of interest rates and fees and also in terms of timeline for paying it back.

[MiF]

Well if you borrow money without an interest to invest in Bitcoin then i will say that it was great, but if you borrow money with interest i think you are in a very risky position, we already know that crypto investment is risky and every year there is a market situation that can make is loss or earn look at btc now it is dropping from the 60k$ ATH on year 2021 it is now 29k$ imagine how frustrated you are if you saw your investment drop and the money you used to invest has an interest to pay every month that was very frustrating.

[milewilda]

Well if you borrow money without an interest to invest in Bitcoin then i will say that it was great, but if you borrow money with interest i think you are in a very risky position, we already know that crypto investment is risky and every year there is a market situation that can make is loss or earn look at btc now it is dropping from the 60k$ ATH on year 2021 it is now 29k$ imagine how frustrated you are if you saw your investment drop and the money you used to invest has an interest to pay every month that was very frustrating.

Who nowadays would be giving out some loan or let you borrow some money without any interest aside from family members? None right. For sure you would really able to borrow on common places which does have interest.Its not really bad to take loan as long you are responsible on repaying it on time so that you wont really be having problems.
Borrowing money isnt just simple because you do need to be that capable which means that complying still some requirements unless if you do know someone
who could lent you without any agreements or something like that.

[MommyElsa]

I do have some fear in lending some money. I am some feat that i might not be able to pay those amount specially when i invest it in cryptocurrency. What if i do some wrong moves in trading and not gain any amount. How will I be able to pay the money that i borrowed.

I think it is good to save and invest. But if you are confident enough and have the ability to earn then go, follow your mind.Invest whatever you wanted.

[Mauser]

Well if you borrow money without an interest to invest in Bitcoin then i will say that it was great, but if you borrow money with interest i think you are in a very risky position, we already know that crypto investment is risky and every year there is a market situation that can make is loss or earn look at btc now it is dropping from the 60k$ ATH on year 2021 it is now 29k$ imagine how frustrated you are if you saw your investment drop and the money you used to invest has an interest to pay every month that was very frustrating.

That's exactly the reason why I would advice against borrowing money to invest in crypto currencies. On paper it sounds like a nice way too boost profits, but there is no guarantee that it's actually going to work out. Markets can move against us, and when they do it means that it will hurt twice as much when we lose and when we have to repay the loan. Getting a loan with zero interest rate is hard to get, and probably means asking friends and family for money. The problem with trading with their money is, that they might need the money short term. What if you are forced to sell at very bad levels? For me there is just too much risk involved, better to first save and invest later. There is also the risk to ruin your credit score if something goes wrong.

[Pandu Geddon]

There is also the risk to ruin your credit score if something goes wrong.

such a situation would be very painful. too great a risk to accept. especially if you borrow money from a bank, there must be interest and the payment is due.

except, if the borrowing is like borrowing capital from people who are ready to share the profits or losses. there must be a written agreement in advance, when the money used for trading or investment will be returned within a certain time or when the agreed profit is reached.
This of course requires trust and understanding in investing in the crypto market from both parties. it may be very difficult to get a loan from such a person.