Can I take a loan to invest in bitcoin?

[abralzain17]

"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?

The profits you get from investing in crypto can, of course, cover all the loans you lend, but the benefits and risks (losses) of investing there go straight or in line. therefore in my opinion, lending money for the benefit of Crypto investment I think it's better not to do it.

[Semar Mesem]

To make changes in life sometimes we have to do different things, bitcoin provides a good opportunity to get a profit, but we must remember that taking a loan must be according to our abilities, don't feel sure of profit then taking a loan with a nominal that makes it difficult for us and stress if market conditions drop.

[Farma]

it is a very good explanation for your friends who want to buy bitcoins from loans. however, too many people take this path without thinking about the risks. when the results do not match their expectations, frustration and stress will occur. they sell their goods, and blame this investment.
However, it is highly discouraged to borrow then buy bitcoins. even though the goal is investment, it is not recommended because there is a monthly fee that he has to pay. if his salary is not able to cover the monthly payments, then it will be frustrating.

[Bushdark]

Of course someone's decision is different, high-risk investments like bitcoin will make it difficult for us to calm down, according to research it says that someone who sells assets or takes a loan to invest in bitcoin experiences several symptoms such as difficulty sleeping, not wanting to socialize, difficulty eating so they look thin and etc., of course, many people invest in bitcoin from loans, but if we are not mentally prepared or at a loss, it's better to cancel.

Someone can take a loan to invest in Bitcoin if he has other things he is doing that is giving him income. You can't go and borrow money when you don't have something you are doing that can give you money so in case if what you borrowed the Money for did not yield good profit. It is normal if we take a loan to get things done especially when we can wait for other sources of income to bring more that we will use to invest in other business. It is good for us to create or have different source of income so we get grow more richer and wealthies.

[rhodelmabanal]

"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?

Based on your statement you already knew that btc or crypto is very risky to invest, i think taking a loan to invest in a market that very unstable is very risky that what we think, loan has an interest and the interest depend on the amount that we borrowed so that is so risky and not a good decision to make.

[Bollexz1]

Taking a loan to invest in bitcoin might be way too risky as bitcoin investment is nothing compared to Get-Rich-Quick-Scheme. Of course, bitcoin is underpriced at the moment but it's advisable to invest with what one can afford to lose. Using loans money can leads to panic selling and panic selling might not return gains.

[Ngewex Yuk]

Taking a loan looks very promising for investing in bitcoin, if we have a place to take a loan then do it immediately, the current price is around $27300 and today is up more than 7%, many predict that bitcoin will recover soon and if this year it can reach 200 % then we get a lot of profit, don't be afraid because the trend of bitcoin in the future will continue to improve.

[Baoo]

Well, that's too risky to be honest due to Bitcoin is kinda unprofitable in short term. And in general taking a loan to invest in crypto is wrong choice , as you see the market is unpredictable and the profit is ungaranteed. For me, I would rather find a way to gain Bitcoin ( Like, doing freelance works or E-commerce...etc ) than take a loan and be controlled by a bank.

It is certain that taking a risk is necessary to achieve goals but it should be a planned one, otherwise you will lose what you have and struggle with debts. And remember that nothing come without a solid strategy and plan. Good luck

[Dr.Bitcoin_Strange]

highly not recommended, just like you said, unless he borrows money from family or people he knows maybe he will be given a little leeway, or can pay off in a long time.
but for loans from banks or the like, you should avoid it.

Even if it's family, I really don't think I will advise anyone to take a loan and invest in bitcoin. Often times people get overwhelmed about investing, and except for taking a loan from the bank, where they have to give details of what they are using the loan for, if they borrow from relatives, they may not give reasons. Out of trust, they may get the loan from their family, but when they don't pay it back, it becomes a disappointment for the person who lent them the money. It is not advisable to lend and invest unless one is absolutely certain of the outcome. Crypto is not fiat, price stability is not assured, and no one is always 100% accurate on speculation. Unless they are borrowing from a family member, they should be specific about the reason for the loan so that their trust is not ruined. 

Taking a loan looks very promising for investing in bitcoin, if we have a place to take a loan then do it immediately, the current price is around $27300 and today is up more than 7%, many predict that bitcoin will recover soon and if this year it can reach 200 % then we get a lot of profit, don't be afraid because the trend of bitcoin in the future will continue to improve.

the recent price of bitcoin, how long do you think it will last? Are you 100% accurate on the next price? All you're doing is speculating because you think it may attain +200% this year, but if that's not possible, where can the OP's friend get money to repay her loan? or do you think loans can be repaid any time you like? (rhetorical questions).

"Can I take a loan to invest in bitcoin" this question was asked by a friend

OP, unless your friend sees that she has another stream of income that she can use to repay the loan before she goes further. So that even if her expected profit from Bitcoin is not yet coming, she can still repay the loan once the date for repayment is due.

[Pujangga]

Before making a decision, it's best to do DYOR, taking a loan, let alone using collateral, is a risky thing, sometimes the movement of bitcoin is different from our analysis or estimates, so if we invest bitcoin by taking a loan, it will stress us out when the price drops.

[cryptoknightt]

Borrowing to invest in bitcoins is everyone's right. wherever you want to invest especially in bitcoin. In my opinion, you must have passive income/active income first because when you invest in bitcoin, sorry if bitcoin goes down and you experience a loss, you can pay off/pay off the loan from the passive income/active income so you don't go bankrupt and suffer

[leonair]

Before making a decision, it's best to do DYOR, taking a loan, let alone using collateral, is a risky thing, sometimes the movement of bitcoin is different from our analysis or estimates, so if we invest bitcoin by taking a loan, it will stress us out when the price drops.

Various organizations provide loans without any collateral.  And banks also give loans to businessmen without any collateral. But of course you can mention a business to the bank and invest in bitcoins by borrowing from the bank, but this will be very high risk because when you take a loan from a bank or any other organization, you must pay back that loan with interest. So in this case if the price of Bitcoin goes down instead of increasing. during the periods of the repay bank's loan, then you will face a big problem because the bank will never forgive you the loan money for any reason.  Then how do you pay the bank? So, after thinking about these things, you should invest in Bitcoin with a loan

Borrowing to invest in bitcoins is everyone's right. wherever you want to invest especially in bitcoin. In my opinion, you must have passive income/active income first because when you invest in bitcoin, sorry if bitcoin goes down and you experience a loss, you can pay off/pay off the loan from the passive income/active income so you don't go bankrupt and suffer

You are absolutely right and I agree with you. Before investing with loans not only Bitcoin but in any case he should think if he has any passive income and if he loses on his investment he has the ability to pay off the debt then of course anyone can invest in Bitcoin with loans without any problem.

[soramon]

Nah, i think its a bad decision. Think about the risk what if the investment is going down. You lost your money, you have a debt its not a good idea at all. There is no guarantee that you can earn some money. But, in the end its your friend money after all.

[coinerer]

Nah, i think its a bad decision. Think about the risk what if the investment is going down. You lost your money, you have a debt its not a good idea at all. There is no guarantee that you can earn some money. But, in the end its your friend money after all.

If one has a passive income such as a permanent job or business.  So even though investing in Bitcoin with a loan is very risky, this loan will not put him in much danger. Because he can repay that loan from his other sources.  Because of which he can hold bitcoins long term and holding bitcoins long term is a potential way to earn big profit. so one can take this risk and borrow money from anywhere without any collateral and invest in bitcoin. Because everyone must accept that words no risk no gain

[Paul Pogba]

In my opinion, the trend and performance of bitcoin will still be good in the next few years, the number of users who continue to increase is an important key that the price of bitcoin will easily skyrocket, if we don't have the capital to buy bitcoin then a good solution is to take a loan, if we take a loans in banks only pay interest of around 20% per year, while bitcoin in January can increase by more than 40%.

[bosede1]

Your advice is very good because a loan has a stipulated date you have to pay back and you are not sure if you would have made the necessary profit before that time, I will still go for savings rather than a loan

[19Nov16]

Your advice is very good because a loan has a stipulated date you have to pay back and you are not sure if you would have made the necessary profit before that time, I will still go for savings rather than a loan

As investors, of course we have in-depth analysis, asking questions in this forum is only an additional reference, it's better to find more information, and of course we can try with a small loan and if it's profitable, we can pay it off immediately and apply for a larger loan.

[huu78]

I also suggest not taking the loan, because it can cause more problems, because the price of bitcoin is very volatile and is inversely proportional to the loan that must be paid every month. Maybe another alternative he can borrow from friends or family first.

[Dragonfund]

In my opinion, the trend and performance of bitcoin will still be good in the next few years, the number of users who continue to increase is an important key that the price of bitcoin will easily skyrocket, if we don't have the capital to buy bitcoin then a good solution is to take a loan, if we take a loans in banks only pay interest of around 20% per year, while bitcoin in January can increase by more than 40%.

If you want to take loan to purchase bitcoin, you have to be smart about it, you don't wake one morning and hit where they will borrow you money you want and invest everything in bitcoin. To do this kind of thing, first, you have to analysise the market if it will be favourable to buy bitcoin and if it will yield income in due time and there is minimum negative impact on the market and then secondly, make sure you put the duration of the loan into plan so that you don't buy bitcoin that you wouldn't be able to pay back when it is due time, that is what I think is perfect solution, it may not be better but the second is very important factor.

[Vaculin]

In my opinion, the trend and performance of bitcoin will still be good in the next few years, the number of users who continue to increase is an important key that the price of bitcoin will easily skyrocket, if we don't have the capital to buy bitcoin then a good solution is to take a loan, if we take a loans in banks only pay interest of around 20% per year, while bitcoin in January can increase by more than 40%.

No mate, why would you advice someone to take a loan just to invest in cryptocurrencies rather than using their own money that they can afford to lose. As an investor, you should know by now that investing in bitcoin has its own risks as it's too volatile. It might be tempting enough especially if you're looking to hold it for a long-term basis because the interests are somehow manageable but bitcoin's growth throughout the following years is not that guaranteed that you can have the profits and therefore, those funds that you've invest could lose in any given moment and if you advised someone, you might destroy someone else's life because you've planted the wrong seed.