Maybe good time to loan money to invest in crypto

[Voxo2222]

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$  if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH 

[1714774396]

1714774396

[Tellek Garing]

I will not advise anyone to borrow to invest in cryptocurrency, next year is still unpredictable and anything can happen and the market can go in whichever direction. What if you borrow to invest in cryptocurrency and the price crashed below your buy price and you end up losing you become indebted. Use only the funds you can afford to lose to buy crypto.

[NeuroticFish]

One can never be sure what bitcoin price will do.
The main rule on bitcoin investments is to never invest money you don't afford to lose (or keep locked for very long time).
So no, in most cases borrowing money for investing into bitcoin is not advised. If one does that, may be tempted more easier to panic-sell at a loss.

[boyptc]

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$  if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH 

Please don't.

Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.

It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.

Just don't.

[Doell]

high risk of loan money for any investment if you don't work then you can't pay it ,if you work and get finances it's still possible but with a loan for investment I think it's bad because we don't know for sure what the future will be occur and is a bad thoughts like digging for gold in the depths of the sea !

[cute nmp]

I don't think it's a great idea to borrow money and invest in any crytocurrency project.There is so much risk associated with it you can either fail or make it so it's much better to use your own money for investment,also don't forget to risk any amount that you can afford loosing any time you are investing to avoid loosing much.
 

[Voxo2222]

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$  if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH 

Please don't.

Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.

It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.

Just don't.

Yes but right now i know atleast 3 guys who will going to take loans to buy btc.

[CryptocurencyKing]

One of the first and most important principle that guides any investment is

'Invest only what you can afford to loose'.

Mind you, borrowing or loaning money, with or without profit rate is no way to go about investing. It doesn't agree with the stated principle above becuase in every way, the money isn't yours and as such, you've got to pay back. That sadly, isn't what you could afford to lose.

Diversifying might seem like a brilliant idea but in the world of crypto as we have it now, only bitcoin comes with some degree of certainty and even at that, the timing it would take to play into investors plan us very much uncertain.

Other investments in the crypto space might offer some chilling risk that won't even wave a signal before sweeping it all off. Don't ever be so quick yo think that you can borrow to invest, profit and pay back. Its a plan that could all end in your thoughts. Invest only what you can afford to loose of your money.

[nullama]

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$  if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH  

That's just gambling.

What if Bitcoin goes down 80% for a long time and it's time to pay your loan?

You should be able to invest in Bitcoin for the long term, if you have a loan payable at a specific date, you're just gambling that the price of Bitcoin will do something at a specific date in the future. No one knows that.

Also, you'll have to sell to pay back the loan. At what time do you sell?, you're trying to guess that as well. Also you'll have to consider the taxes you'll have to pay in that transaction.

Seems like a super risky move to me.

[Wexnident]

Asking for a loan is a dumb idea in itself though? I mean, if you aren't on the verge of death and can still try to earn money by yourself without trying to put yourself in a difficult situation, loaning honestly wouldn't (or shouldn't) be an option. Yes, investing could possibly net you a lot of money, but that's a "possibility", and investing in a possibility isn't really wrong, but trying to invest what you can't afford IS wrong. You know what they say, invest what you can lose. Even if hodlers say that new ath next year or Bitcoin only has positive growth, the problem is actually before that, and it's loaning itself. Gotta agree with diversifying though, nothing wrong with that.

[bittraffic]

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$  if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH 

Please don't.

Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.

It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.

Just don't.

He knows it's risky that a thug will visit him asking for the money and interest when the agreed date comes. The more BTC chart becomes bullish it's also tempting to make money out of the loaned money. 

If he is confident and someone will actually give a loan, why not. Just make sure you can work out to pay if it won't go your way. And also avoid altcoins because that's when it alas go wrong.

[Jawhead999]

You forgot one thing, which person have a crystal ball to make sure Bitcoin will goes to $120K in the next year? What if the scenario Bitcoin dropped to $30K? Do you have any money to pay the loan while your investment still in lose?

Bitcoin = Risk
Altcoins = Risk²
Loan to buy Bitcoin and Altcoins = Risk³

Personally for me the risk are very high and it could lead me rekt, if you are so confident with your idea then I wouldn't stop you. Probably after that, you'll learn a good lesson from your big mistake/achievement.

[lienfaye]

Buy crypto?
Yes this is a good time because most coins are declining, its an opportunity to take advantage specially if your goal is to hold for long period.

Take loan to buy crypto?
Definitely not advisable. Dont buy using a borrowed money. You dont know whats going to happen with your investment, there's no guarantee you'll gain because it has risk. What if the outcome didnt go according to your plan? Its a double kill, you lose the money plus you still have to pay the loan.

So think before you invest. Fill your mind with information and use your own money (the money you can live without) as capital. Any amount will do because its better to start from scratch rather than beeing greedy to invest but not thinking of the worst case scenario when you take a loan then lost it.

[adaseb]

Do not ever borrow money to invest. Or trade on leverage. It’s a recipe for disaster. And who knows if those meta coins and Bitcoin will ever moon again. You want to get stuck with a bad investment that you are paying interest on?

This is the real reason why back in late 2017 credit card companies started to decline payments to Bitcoin exchanges. Because there was too many people buying Bitcoin on credit and they were worried they would default on the bills.

[pinggoki]

Not really a good idea to borrow or loan money but yes it's a good time to buy crypto but loaning won't be a good thing because you're not going to enjoy the profits of your investment as you're going to pay your loans and if you're unlucky, dumb and desperate at the time of borrowing, you're going to pay exorbitant interest if any.

[Poker Player]

Of course, now I'm going to listen to someone who doesn't even know the difference between "borrow" and "loan". Great idea, OP, borrowing money to play roulette, which is what you're describing.

There are cases where it may be financially smart to use some leverage to invest, but it's certainly not how you're describing it.

[TheUltraElite]

Yes but right now i know atleast 3 guys who will going to take loans to buy btc.

Sure they can take loans.

But the point still remains same, in a market where there is speculation involved, taking loans is step that only increases the risk. While professional traders often do take loans, they have come far with their knowledge and experience to be able to bet on themselves that they will win. This is not applicable to every trader out there.

Traders should work on mitigating risk and the mistake that some traders do and get washed away is by increasing their risks.

Instead, use your own money to buy bitcoin. If you are low in that, then one needs to learn how to save and spend diligently.
Some people have the habit of taking loans, which is fueled by the easy availability and access to lending platforms. This practice should be shunned.

[lovesmayfamilis]

I see calls on social media to buy bitcoin. And I also see complaints from people who are provoked by scammers to buy cryptocurrency, referring to the fact that there is still a chance. Naive people run for loans, hoping for future profits. But these are the people who have only heard about the growth of bitcoin, relying on the fact that it is constantly growing.
In any case, information literacy and vice versa, illiteracy plays an important role in people's lives. Those who are little educated in the field of cryptocurrencies make mistakes much more often. It is a pity that people first do, and only then think about what they have done.

[WikiCrypto]

And remember life doesn't always go according to plan. there must always be thorough preparation for the worst. what's more about the loan if you can't pay the bills, there are many consequences that must be faced. from paying fines or even getting into court. think carefully.

[laredo7mm]

it's a very bad idea of making an investment in crypto by taking a loan. The Crypto market is very volatile and you could lose all of your money overnight. So be careful before taking such an activity.

How do you know for sure BTC will go to 120k soon? The bull rally could be over and we could see the market moving sideways for 3 more years. Anything can happen in crypto. This market is very uncertain so do not be overconfident by seeing a podcast about the next rally of BTC. We should have positive sentiments about investment and at the same time, we should be prepared for the worst mentally.