Borrowing money to invest in BTC ( My own past experience)

[JangoUnchained]

We all have different occurrences in our past lives, I borrowed money to build a farm and it all came crashing down, I had to be careful with my decisions because later I found out that borrowing money to do anything in my life always ends badly, I stopped it and grow up step by step on my own.

[lalabotax]

We all have different occurrences in our past lives, I borrowed money to build a farm and it all came crashing down, I had to be careful with my decisions because later I found out that borrowing money to do anything in my life always ends badly, I stopped it and grow up step by step on my own.

It is always a high risk to borrow money, especially to use for something that is unpredictable. If you failed with the loan money on building farms, many people in this forum failed with the loan money for crypto investments. So, if it isn't for an urgent need, it is better to avoid borrowing money. We can try to collect/save money little by little. When the amount of money reaches the expected target, we can use the money for building farms, crypto investments, or any other purposes. There should be another way to collect money, try to avoid borrowing money.

[Renampun]

...

If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.

from the story you tell, it looks like you borrowed money from relatives or friends who don't need the money in a short time. but for other people it's not easy, not everyone has friends or relatives who are willing to lend their money, so most people borrow from banks or moneylenders.
indeed we can't say that borrowing money to invest in bitcoin is 100% stupid but it comes back to each other's decisions, if you are really ready with the risk you will accept then do the loan to invest in bitcoin but if you are not ready to take the risk that you are likely to receive, don't do that loan.

[_act_]

If you are receiving like $1000 as monthly salary and you know that you are not greedy and be willingly to return the money borrowed. If you know that bitcoin price will increase and you want to invest but having no money at that time and in haste about it. I do not see anything bad to borrow like $100 or $200 which you know you will still see in salary and pay back.

But the investment may be on the other way, if you think of the profit, you should also prepare for the worse. You should also know that borrowing money comes with high interest if not from family or friend. I mean if it is from bank or loaning company, the interest is always very huge.

[GreatArkansas]

(.....)
If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.

Borrowing money that is small or an amount that you can afford to lose and you can just pay it to the lender easily without having a hard time finding that money again is good.
There are some lenders that offer interest and got some terms that you need to pay the amount of money you borrowed for a span of time, this is difficult.
So overall for me, borrowing money to invest is not good. Investment is risky, especially in cryptocurrency.

[libert19]

'within range' and having other means to repay, these are keywords, I think people forget these two and get drowned.

[Note3]

You can repay the loan because you entered the crypto market in the right time, it must be very different if you entered it at the end of 2017 where the price of BTC and altcoins was high, and after that the market immediately entered a bearish period, It is very possible that you will experience stress.

Even you can make a profit and also repay the loan but profits will decrease if the loan has interest obligations, but that's a personal opinion and for me I won't borrow even though I understand how the market works because the pressure will be greater and will cause quite high stress.

[8rch7]

You have right moment when borrowing money and invest it in Bitcoin because price drop and you can repay loan on time after Bitcoin reach to higher price, I sure is not financial advice when using borrowing for investing in Bitcoin actually loan adopted with interest payment every months. I sure many people have doing this step actually they taking loan and used it for investing in Bitcoin.

Have another source income when using borrowing money for investing in Bitcoin actually have interest system, we can't expected with profitable every time entering in Bitcoin investment, when price drop have alternative way for paying loan interest without need to cut loss or selling Bitcoin in lower price.

[LogitechMouse]

It all comes to how knowledgeable you are in terms on how the market especially the crypto market is moving.  I will share my own personal experience because I also did the same thing.

Just a few months ago, I borrowed a small amount (around 350$) and the whole amount will be used to invest into good stocks. We agreed that we will be paying it monthly, and we don't have any problem paying it at all on a monthly basis because we can pay it. The good thing is that we had funds to be used to buy stocks at a cheaper price since we are in a bear market. I will just wait until the bear market ends and the bull market comes. The good thing as well is that the stocks that I bought pays dividends on a quarterly basis so regardless of what happen, I will still be paid thru dividends. If it goes down, I will just buy more.

There is nothing wrong borrowing money just to invest into different assets as long as you know when the good time is to buy it. The problem with some of the investors is that they are borrowing money because they've been FOMO'ed. They are afraid that they might be missing out thus, they will borrow money to buy it and most of the time, investors tend to lose money because of this. There is a risk yes but also take note that if you invested in a bear market and as long as you can pay that debt like I am then there's no problem with it. If you can borrow $10,000 as long as you can repay it and you bought at a bear market, then I guess there's no problem at all.

[Razmirraz]

Your investment experience may be 1 in 10 who successfully repay the loan from the profit earned from the loan. I don't want to follow in the footsteps of anyone who managed to profit from borrowed money, the risk of investing in crypto assets is volatility and we don't know whether we can make a profit or even lose because of FUD.

Investing from borrowed money can increase psychological problems if expectations do not match reality. When you can't get a profit due to very high fluctuations, it will even mess up investment management. Even though I often get offers from co-workers to use their money for investment, because in my opinion the offer is a risky activity, until now I have never even traded using other people's money. Even though he said he didn't really mind if the money ran out, I still refused because I felt responsible for the money.

[kzkazu]

This is very lucky for you, borrowed money to invest in Bitcoin at a profit, paid the borrowed money and was able to profit from the investment of the borrowed funds.
Not everyone is able to make a quick profit. Borrowing money to invest is very risky, it is equivalent to investing money that you cannot lose. You should only use your own idle funds to invest and wait for the desired goal to be achieved.

[Osama Maaz]

I think borrow money for long term is a good move like 4,5 years which a gives you good returns and if not you will be able to pay back money for selling i suggest to invest whatever you afford its may be 20$ par month but the key is invest every month .

[JoyMarsha]

Only when you are confident in your ability to return the money borrowed from someone can borrowing money be beneficial. Don't borrow money if you can't pay it back.

Your financial condition might change in an instant due to life circumstances. You may lay out a plan for how to pay back the borrowed funds, but something else could derail your repayment strategy. Since our financial intentions for the future are uncertain, it is advisable to prevent this situation by refraining from investing in crypto with borrowed funds.

[capedbaldy]

Investing from borrowed money can increase psychological problems if expectations do not match reality. When you can't get a profit due to very high fluctuations, it will even mess up investment management. Even though I often get offers from co-workers to use their money for investment, because in my opinion the offer is a risky activity, until now I have never even traded using other people's money. Even though he said he didn't really mind if the money ran out, I still refused because I felt responsible for the money.

Investing using personal money will also have psychological and depressive effects if we don't have crypto knowledge and don't understand fluctuating price movements and even choose the wrong coin to invest in, especially if investing is using money from co-workers even though the initial agreement he has trusted you to manage the investment, but one day he will ask him to return her money even though she knows that the assets in the portfolio have decreased. In conclusion, the initial deal will be betrayed if the economic conditions deteriorate so he asks for all his money back, so never manage investments from other people's money because it is very risky and it is also not recommended to invest in crypto.

[fortunecrypto]

The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.

This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.

If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.

Timing is very important if you are making a loan to invest in Cryptocurrency like when halving is almost happening and there's no FUD in the market, but the money that you should loan is within your capacity to pay and it should have the option to extend, I would not recommend a bank loan, a loan coming from family or trusted friend are good as long as you have a good reputation in paying a loan.
This is not also a piece of financial advice the market is highly volatile you never know what's going to happen next, take a cue from Luna and FTX and you know what I mean.

[CryptoHeadlineNews]

The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.

This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.

If you have to borrow money ( for BTC investment ) make sure the owner won't be needing the money too soon, also make sure you borrow the amount thats not or will never be a life threatening for you to repay if things go wrong.

But you never told us how much profits you made from your $150 Bitcoin investment, because thou, borrowing money isn't bad to some extent, i.e if on you can borrow a certain amount you can afford to pay if in case things go the opposite expectation, because the problem will be borrowing an amount you simply can't afford to pay, just as we all know that also when it comes to investing, the issue of luck can not simply be overemphasize.

[dansus021]

for my perspective I don't recommend it at all, to be honest, you maybe have luck that bitcoin is still at recovery stage but buying in bear market right know with borrowing money is very risky unless you understand with what you are doing and know how to market is going and the second one you smart that buy in spot only.

if you borrow to trade in futures and don't know what happen in market you will be doomed in matter of hours. so careful guys its better to do bounty and then trade it, if something goes wrong you at least doesn't borrow from the other

[Obari]

I'm glad you also stated the fact that it's a financial advice.
There are a whole lot of people that have take that very part and yet ended up shattering their lives and that's not really nice at all.
Borrowing money in general isn't a nice idea because most times one doesn't intend not pay back a debt in time but there could be possible hindrances such as failed plans and accomodations of more burden.
One reason why I don't advice people to borrow money is the fact that, the moment you borrow money to invest in crypto, now your emotions comes in and starts playing with you and there is always a great urge to start making money and taking profits without any room for failure.

[bounceback]

This was how I made my first gain with crypto, I paid the money back and have some money, borrowing money is not entirely bad but you need to stay within your range, I knew if things went wrong I will be able to repay the 150$.

You are lucky because after investing the borrowed money into bitcoin, but then the price of the bitcoin rises past the price at the time of purchase so that you manage to get fast profits and are able to return the borrowed money at the appointed time, imagine if after investing the loan results suddenly the price bitcoin has fallen drastically as we are experiencing right now during a bear market, so of course we have to be willing to sell everything we have to pay off borrowed money so we don't get frustrated.

[Shamm]

Borrowing money to invest?  for me that's not a good option but for other maybe that's a good for them but as far as I know investing in crypto especially in Bitcoin it is too risky and it takes too long to gain more profit and if you borrow an amount you need to pay that amount in  due date. Then if that happen you will make a way to pay that amount and there's a chance that your crypto that invested for you will use that to pay your borrowing money if you don't have a extra money to pay  so it's better to invest a money from your extra and not to borrowed one.