Today is the story of my investment in Bitcoin

[2girls]

Investing in BTC from borrowed money in my opinion is something that is very risky, but in this case except for people who are experienced and skilled in analysis and prediction, of course there is no problem with a note that you have to be prepared for risks.

and I see op is an experienced person of course he also has extensive knowledge about btc investing, the proof is now the price of btc has gone up and now the price of btc is in the range of $ 30k and if op keeps it for the long term then in my opinion btc has the potential to go up more high again.

congratulations op because you have successfully bought 1 btc.

Totally agree with you that crypto currency market is a volatile market. One should always invest that capital which after losing it will not affect your daily routine. Always invest capital that is more than you need. Borrowing and investing in the crypto currency market is a risky process. As we expect a good profit here, we also involve the risk of loss.

Of course Bitcoin investment is a good investment which is considered reliable in all crypto currency market. Bitcoin investment is a long term investment so I think it would not be wise to invest with borrowed money, but it's a good thing that his time to buy Bitcoin was right because the price of Bitcoin is now high.

[Blitzboy]

It seems to me that you have made an important decision by deciding to buy 1 bitcoin despite not having enough money initially. I understand that you had a fixed deposit of $6,000 in the central bank, but what a surprise that the bank gave you a loan for $10,000 in such a simple way, they almost always tend to be tedious and never end up giving the loan but good for you, do This type of investment carries many risks in itself and even more so when you made a double loan, I don't know whether to tell you if you made a good decision or not since I like the idea of investing in BTC but I don't really like the idea of loans …although if all goes well you could easily pay off your debts, including 18-19% average interest over 2 years, averaging around 9% APR. The future is uncertain and I somewhat disagree that Bitcoin will reach stratospheric prices in 2 years

That being said, I wish you the best in your decision and I hope you can achieve your financial goals. Always remember to do a thorough analysis daily and be aware of any adversity I hope you achieve your goal.

Your bravery inspires me. Borrowing to invest in Bitcoin is brave. You've borrowed to make a big profit. I respect your daring, imprudent choice.

However, tread cautiously. Bitcoin has traditionally generated high returns but is very speculative and unpredictable. No surprise, right? If you borrow at a given interest rate, you're betting that Bitcoin will climb quicker. You're racing against time.

Market trends should guide your judgments, not your emotions. Follow BTC market developments, research, and adjust your strategy. Its your money, after all

[bayu7adi]

I am not accustomed to incurring debts to attain my dreams, but if your goal is Bitcoin, perhaps your perception of greater income opportunities lies therein. Borrowing money indeed carries risks, yet I view it from a different perspective when it comes to borrowing for productive purposes. It can be allowed and should be balanced with a strong mindset.

My principle is to avoid debt for consumptive needs, such as purchasing trendy items through installments. Forcing humans to operate beyond their means would have detrimental effects on individuals' habits. In essence, never finance something that will not be productive for us. That is the principle I hold dear.