EarnOnVictor
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 19, 2023, 09:41:15 AM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
I must say that you reasoned like me. I could remember when I wrote in a reply last year that I could take a loan to invest in Bitcoin, many actually thought I was been foolish. Well, it might seem like that, however, my long years of experience in trading and investment made me know that there are some investments that are less risky. This would even be lessened if the investor has an easy alternative to pay off the debt. I could still count over 5 people that became stinkingly rich through Bitcoin in my country during the last bullish run of 2020-2021. If you can't take risks at times, you will not be able to be outstandingly rich. The risk in Bitcoin is somewhat less and reasonable and has a higher chance that your money would be made back in multiples. Disclaimer: This argument is on Bitcoin investment only, not in trading Bitcoin (futures).
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Inwestour
Legendary
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May 19, 2023, 10:11:18 AM |
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[quote author=Wend In conditions like this i think it comes back to his own perspective whether he really wants it or not. My point is that when we borrow money it doesn't mean that it's also the wrong thing to do because everything has its own conditions and strategies in investing. for example we know that Saylor is someone who is very rich compared to us ordinary people but he borrows money with the aim of investing. He was aware of his condition and doing so was not a stupid move but had his own strategy to carry out. But for me, even though it's not my fault, it's better to avoid it because I'm aware of my own capacity because that doesn't mean I can't afford to get a refund, but I think it's actually making it difficult for me so I won't be in any kind of loan for investment as for for other people, especially those who are stable in financial condition, even more, I will not suggest or forbid because it is their right, regardless of right or wrong, they know the consequences that will get.
Credit is always a risk if we are talking about investing with this credit money. I have not seen a single example with evidence here, when someone took a loan, bought bitcoin with this money and was able to make money on it. The difficulty lies in the fact that it is too difficult to determine the price movement, or you can get into a long period of flat movement, or even worse, a fall. I see no reason to take risks because I value my investment and the most important thing for me is not to lose it. It is possible that Seylor has a much greater financial capacity and can calculate the risks, but I do not see myself using a loan for this purpose.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Stavri
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May 19, 2023, 10:15:34 AM |
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Even if you can take it interest rates and repayment terms are very important. I wouldnt do that in crypto market.
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Jody.Drummer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 19, 2023, 09:42:37 PM |
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[quote author=Wend In conditions like this i think it comes back to his own perspective whether he really wants it or not. My point is that when we borrow money it doesn't mean that it's also the wrong thing to do because everything has its own conditions and strategies in investing. for example we know that Saylor is someone who is very rich compared to us ordinary people but he borrows money with the aim of investing. He was aware of his condition and doing so was not a stupid move but had his own strategy to carry out. But for me, even though it's not my fault, it's better to avoid it because I'm aware of my own capacity because that doesn't mean I can't afford to get a refund, but I think it's actually making it difficult for me so I won't be in any kind of loan for investment as for for other people, especially those who are stable in financial condition, even more, I will not suggest or forbid because it is their right, regardless of right or wrong, they know the consequences that will get.
Credit is always a risk if we are talking about investing with this credit money. I have not seen a single example with evidence here, when someone took a loan, bought bitcoin with this money and was able to make money on it. The difficulty lies in the fact that it is too difficult to determine the price movement, or you can get into a long period of flat movement, or even worse, a fall. I see no reason to take risks because I value my investment and the most important thing for me is not to lose it. It is possible that Seylor has a much greater financial capacity and can calculate the risks, but I do not see myself using a loan for this purpose. As i said, this depends on perspective, because in terms of what conditions we feel and what other people feel is clearly different. We have to be aware of our own condition whether we are able or not to borrow with the aim of investing and I also emphasized before that such a thing is also not wrong because those who borrow to invest have their own strategy. Regardless of whether there is evidence or not, the most important thing in this case is to know yourself. If indeed you are able to do that then it's not a problem as long as you know the risks but vice versa if indeed you feel you will have difficulties and hassles with loans like this then don't do things that will make it difficult for you in the end.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Mahanton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 19, 2023, 09:52:58 PM |
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[quote author=Wend In conditions like this i think it comes back to his own perspective whether he really wants it or not. My point is that when we borrow money it doesn't mean that it's also the wrong thing to do because everything has its own conditions and strategies in investing. for example we know that Saylor is someone who is very rich compared to us ordinary people but he borrows money with the aim of investing. He was aware of his condition and doing so was not a stupid move but had his own strategy to carry out. But for me, even though it's not my fault, it's better to avoid it because I'm aware of my own capacity because that doesn't mean I can't afford to get a refund, but I think it's actually making it difficult for me so I won't be in any kind of loan for investment as for for other people, especially those who are stable in financial condition, even more, I will not suggest or forbid because it is their right, regardless of right or wrong, they know the consequences that will get.
Credit is always a risk if we are talking about investing with this credit money. I have not seen a single example with evidence here, when someone took a loan, bought bitcoin with this money and was able to make money on it. The difficulty lies in the fact that it is too difficult to determine the price movement, or you can get into a long period of flat movement, or even worse, a fall. I see no reason to take risks because I value my investment and the most important thing for me is not to lose it. It is possible that Seylor has a much greater financial capacity and can calculate the risks, but I do not see myself using a loan for this purpose. As i said, this depends on perspective, because in terms of what conditions we feel and what other people feel is clearly different. We have to be aware of our own condition whether we are able or not to borrow with the aim of investing and I also emphasized before that such a thing is also not wrong because those who borrow to invest have their own strategy. Regardless of whether there is evidence or not, the most important thing in this case is to know yourself. If indeed you are able to do that then it's not a problem as long as you know the risks but vice versa if indeed you feel you will have difficulties and hassles with loans like this then don't do things that will make it difficult for you in the end. We are the ones who do make out our own future and situation on which it would really be just that right that we should do on what the best for us or something beneficial.If you do look that taking a loan and investing to Bitcoin would be a good choice then its your call, as long you are really that responsible on paying up those dues on the time it would really come. In overall its not really that something recommendable if we do speak about investing into Bitcoin, we do know the risks behind which we cant be sure on what the future holds, if you could bare up with the risks and could gamble out then its your call. Just really be that so sure when it comes to risks management because not all would really be that risk takers and some are making some impulsive decisions just because they've been just simply hyped up or being fomo with someone and this is why always be on your mind and you own senses on the time that you would be making out such decisions like this.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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fauzan Ichsan
Full Member
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May 20, 2023, 03:26:37 AM |
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[quote author=Wend In conditions like this i think it comes back to his own perspective whether he really wants it or not. My point is that when we borrow money it doesn't mean that it's also the wrong thing to do because everything has its own conditions and strategies in investing. for example we know that Saylor is someone who is very rich compared to us ordinary people but he borrows money with the aim of investing. He was aware of his condition and doing so was not a stupid move but had his own strategy to carry out. But for me, even though it's not my fault, it's better to avoid it because I'm aware of my own capacity because that doesn't mean I can't afford to get a refund, but I think it's actually making it difficult for me so I won't be in any kind of loan for investment as for for other people, especially those who are stable in financial condition, even more, I will not suggest or forbid because it is their right, regardless of right or wrong, they know the consequences that will get.
Credit is always a risk if we are talking about investing with this credit money. I have not seen a single example with evidence here, when someone took a loan, bought bitcoin with this money and was able to make money on it. The difficulty lies in the fact that it is too difficult to determine the price movement, or you can get into a long period of flat movement, or even worse, a fall. I see no reason to take risks because I value my investment and the most important thing for me is not to lose it. It is possible that Seylor has a much greater financial capacity and can calculate the risks, but I do not see myself using a loan for this purpose. As i said, this depends on perspective, because in terms of what conditions we feel and what other people feel is clearly different. We have to be aware of our own condition whether we are able or not to borrow with the aim of investing and I also emphasized before that such a thing is also not wrong because those who borrow to invest have their own strategy. Regardless of whether there is evidence or not, the most important thing in this case is to know yourself. If indeed you are able to do that then it's not a problem as long as you know the risks but vice versa if indeed you feel you will have difficulties and hassles with loans like this then don't do things that will make it difficult for you in the end. the most fatal thing to do is they borrow money to invest in bitcoin, while they themselves do not have good knowledge about bitcoin, this happens because of the influence of wanting to get rich easily like their friends. but as long as in their calculations they can afford it it might not be a problem, if without careful calculations, then it is not only the material that is destroyed but it happens that many families are also destroyed because of their own mistakes. therefore we must be careful in our steps, try to know clearly the path we will go through
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Rockstarguy
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May 20, 2023, 06:49:29 AM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
If their is a sure means of repaying the loan when the owner demands for it, them their is no problem. But borrowing money to invest in bitcoin and no other means of paying back but depending to pay back the loan from the profit gotten from bitcoin, this is very wrong. Taking a loan and thinking yo pay back from investment profit will end up so bad with regret. I think investing in Bitcoin should not involve any loan taking, the should be from your savings and from nobody.
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smile1218
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May 21, 2023, 05:52:20 AM |
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It is up to you if you will take a loan to invest in bitcoin. Make sure that you had done enough research before taking a loan. It is important to keep in mind that investing in cryptocurrency can be risky and volatile. Check on the terms and interest rates of the loan as well as your ability to pay it. The question is can you even repay what are you going to borrow? There are some potential advantages and disadvantages in taking a loan. Potential for high returns, diversification, and access to funds. The disadvantages are the risk that bitcoin is a high volatile investment and its value can flactuate rapidly with no guarantee that you will make a profit and you could potentially lose your entire investment. High interest rates that additional cost to your investment if you are unable to repay the loan quickly.
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Mame89
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May 21, 2023, 08:31:31 AM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
In essence, successful people also have debt. Whatever it is, the point is good at seeing opportunities. Borrow first productive things that have the opportunity to get a very large profit. For example, getting into debt because you see there is a big profit opportunity if you buy bitcoin, as you mentioned, there is no problem as long as we are smart in managing our finances so we can pay off our debts on time. Another example If you have a solid business plan and believe the business has great growth potential, taking on debt to finance working capital, investing in equipment or inventory, or expanding the business can be a sensible option. Because sometimes we need debt to Teach us how to be responsible and more careful in making any decisions, Dare to owe dare to make wise decisions.
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bbigtart
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May 21, 2023, 09:00:04 AM |
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Agree with your opinion. Be careful later you will be trapped by the name "dig a hole close the hole" this is very dangerous. Sometimes we want to improve our standard of living but by way of debt. this is dangerous. If we are in debt for bitcoin investment and we don't really understand the ins and outs of bitcoin investment and it's not yet clear when it's time to go up, maybe we can't consider going into debt. Especially with high interest rates. If we owe something that is not yet clear, it is called speculation. We must be careful with what is called speculation. it all comes back to each other again. but I always remember Investment is uncertain but installments to pay off debt are certain. so, consider carefully before we go into debt to invest in bitcoin. Invest with small money instead of going into debt, I think this is a wise choice. What we have to know, there is good debt and there is bad debt. Bad debt is debt for consumption, if good debt is made for business or investment but wrong business must be studied carefully. Don't let us enter a business area that we haven't mastered. It is up to you if you will take a loan to invest in bitcoin. Make sure that you had done enough research before taking a loan. It is important to keep in mind that investing in cryptocurrency can be risky and volatile. Check on the terms and interest rates of the loan as well as your ability to pay it. The question is can you even repay what are you going to borrow? There are some potential advantages and disadvantages in taking a loan. Potential for high returns, diversification, and access to funds. The disadvantages are the risk that bitcoin is a high volatile investment and its value can flactuate rapidly with no guarantee that you will make a profit and you could potentially lose your entire investment. High interest rates that additional cost to your investment if you are unable to repay the loan quickly.
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superman184
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May 21, 2023, 09:50:40 AM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
It seems that you are speaking beyond everyone's reasoning so that his thinking is really not normal in my opinion. Because you think paying off a loan is the same as paying off a debt, that's really wrong because the name of the loan is always bound by rules and a certain period of time to pay it off so it is very different from the name of debt even though at first glance it looks almost the same. And if you think about a 200% increase in Bitcoin, why don't you think about a 200% decrease in the price of Bitcoin?, This kind of thinking has made you forget something that you should remember when you want to buy anything for profit. Because risk is something that can't be forgotten even though it can be avoided, but in all things that are still uncertain, such as a price increase of 200%, it would be better not to take advantage of it with too much optimism to make a loan. Because it does not include courage, but includes a person's recklessness in making unwise decisions in his life. And I also want to ask you, if you don't get an increase or even get a price reduction that you didn't expect at all, how will you pay off the loan mate?
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huu78
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May 21, 2023, 03:20:44 PM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
In essence, successful people also have debt. Whatever it is, the point is good at seeing opportunities. Borrow first productive things that have the opportunity to get a very large profit. For example, getting into debt because you see there is a big profit opportunity if you buy bitcoin, as you mentioned, there is no problem as long as we are smart in managing our finances so we can pay off our debts on time. Another example If you have a solid business plan and believe the business has great growth potential, taking on debt to finance working capital, investing in equipment or inventory, or expanding the business can be a sensible option. Because sometimes we need debt to Teach us how to be responsible and more careful in making any decisions, Dare to owe dare to make wise decisions. Good debt vs. bad debt: Debt can be categorized into good debt and bad debt. Good debt refers to borrowing for productive purposes, such as investing in education, starting or expanding a business, or purchasing assets that generate income. Bad debt, on the other hand, involves borrowing for non-productive or discretionary purposes, such as excessive consumer spending or high-interest loans with no clear financial benefit.
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Cryptock
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2023, 06:46:10 PM |
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What is your advice?
I think investing in cryptocurrencies should not take a loan at all. Because cryptocurrency markets fluctuate widely and it can result in profit or loss if invested at any given time. And if there is a risk of losing money later if you invest by borrowing, then you will end up with a lot of debt towards life in the future. So my idea is to invest without taking a loan and save a small amount from your earnings to invest later. Such investment should be done only then one can expect good things in future. I don't think at all to invest using borrowed money, because the risk that will be taken will be 2 times bigger. I'd rather be late to save money first than have to rush using borrowed money. We have to return the money we borrowed, and at the same time we have to control our emotions when investing. Obviously investing requires patience, and if we are impatient it will frustrate us. Don't be too hasty when we are going to invest, we have to really consider all aspects, especially when it comes to money, we know money is a sensitive thing. What about people with stable incomes? Can they borrow money to invest? I mean, let's say we are in a bear season, and that is considered the best time to invest because the risk is also lower and the profit potential is higher. But for some reason, they couldn't have enough money to invest at that time and decided to borrow money in this case was a mistake? For someone who has a stable job, a stable income, and can pay off debt with his salary, I think borrowing money to invest is possible. managing a business on loan is something I would not suggest. Because when you does that you are always worried - I did try investing the loan amount and it was an utter disaster.
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Theones
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2023, 07:12:07 PM Last edit: May 21, 2023, 07:22:19 PM by Theones |
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What is your advice?
I think investing in cryptocurrencies should not take a loan at all. Because cryptocurrency markets fluctuate widely and it can result in profit or loss if invested at any given time. And if there is a risk of losing money later if you invest by borrowing, then you will end up with a lot of debt towards life in the future. So my idea is to invest without taking a loan and save a small amount from your earnings to invest later. Such investment should be done only then one can expect good things in future. I don't think at all to invest using borrowed money, because the risk that will be taken will be 2 times bigger. I'd rather be late to save money first than have to rush using borrowed money. We have to return the money we borrowed, and at the same time we have to control our emotions when investing. Obviously investing requires patience, and if we are impatient it will frustrate us. Don't be too hasty when we are going to invest, we have to really consider all aspects, especially when it comes to money, we know money is a sensitive thing. What about people with stable incomes? Can they borrow money to invest? I mean, let's say we are in a bear season, and that is considered the best time to invest because the risk is also lower and the profit potential is higher. But for some reason, they couldn't have enough money to invest at that time and decided to borrow money in this case was a mistake? For someone who has a stable job, a stable income, and can pay off debt with his salary, I think borrowing money to invest is possible. I would suggest - better don't do it. play safe and play smart with out the loan money. try not to do it - I would suggest to save your money and then invest it rather than taking loan.
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uchegod-21
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May 21, 2023, 07:57:50 PM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
If their is a sure means of repaying the loan when the owner demands for it, them their is no problem. But borrowing money to invest in bitcoin and no other means of paying back but depending to pay back the loan from the profit gotten from bitcoin, this is very wrong. Taking a loan and thinking yo pay back from investment profit will end up so bad with regret. I think investing in Bitcoin should not involve any loan taking, the should be from your savings and from nobody. The giver of the loan, be it an individual or an organisation does not just demand for the repayment of loan any time they like. There used to be a stipulated time for loan repayment and that time is always known by both parties involved. So, it is not something that would take anyone unaware to repay. My advice is that if you are to take a loan to invest in bitcoin, make sure your loan duration spans to like 3yrs and above and I am sure that bitcoin will not disappoint if given such time.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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blockman
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May 21, 2023, 08:29:12 PM |
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I would suggest - better don't do it. play safe and play smart with out the loan money. try not to do it - I would suggest to save your money and then invest it rather than taking loan.
Using savings is much desirable than using loan money in investing in bitcoin. This idea is becoming alive again because we're being near to the halving. And those that are aware of what's gonna happen after the halving, they're all optimistic of course of what's ahead of us. So, as the suggestion of many to buy before the halving happens. This gives the thought of other investors of taking a loan for investing in bitcoin. It's not the idea that everyone likes but some really think that it's sustainable and one of the best ideas for one to start investing in bitcoin. We mostly know that this idea isn't suitable for the majority of us and there goes the minority that still think that it's good for them. The failures of the first people that have done this made it on the wrong timing and they're justifying that they can be at a better shoe from now because of what's about to come.
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bayu7adi
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May 21, 2023, 09:09:24 PM Last edit: May 21, 2023, 10:20:10 PM by bayu7adi |
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Using savings is much desirable than using loan money in investing in bitcoin. This idea is becoming alive again because we're being near to the halving.
Alternatively, one can utilize funds that are freed from the necessities of daily living. If your savings are designated for everyday expenses, it is also not recommended. However, it is even worse to use borrowed money for speculation. Taking double risks is not a wise course of action.
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nurilham
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 21, 2023, 09:50:05 PM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
It is no problem to invest in Bitcoin with the loan money if we are possible to pay off the loan. Sure, we are heading the bullrun season, so it is a great chance to buy Bitcoin as many as possible. However, investing with loan money is always not recommended. We don't know what happens in the future exactly. Although 2024-2025 should be the time for bullrun season, no one can guarantee it. And we don't know whether Bitcoin to reach its ATH again or not. So, there is always a high risk to invest with loan money. It is better to invest with our own money.
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serjent05
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May 21, 2023, 10:05:51 PM |
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If we have the ability to pay off all debt then this is a great opportunity to take a loan to invest in bitcoin, a very good profit opportunity especially when the current market conditions are red then it is an ideal opportunity to take a loan to buy, I'm sure this year could increase by at least 200%.
If their is a sure means of repaying the loan when the owner demands for it, them their is no problem. But borrowing money to invest in bitcoin and no other means of paying back but depending to pay back the loan from the profit gotten from bitcoin, this is very wrong. Taking a loan and thinking yo pay back from investment profit will end up so bad with regret. I think investing in Bitcoin should not involve any loan taking, the should be from your savings and from nobody. The giver of the loan, be it an individual or an organisation does not just demand for the repayment of loan any time they like. There used to be a stipulated time for loan repayment and that time is always known by both parties involved. So, it is not something that would take anyone unaware to repay. yeah, only loan from a close friend has a very confusing term. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) In terms of the loan, both parties discussed the settlement date until both parties agree. My advice is that if you are to take a loan to invest in bitcoin, make sure your loan duration spans to like 3yrs and above and I am sure that bitcoin will not disappoint if given such time.
That is too much interest to pay. AS much as possible if the person is able to pay the loan in a shorter period of time, he should pay it asap. Paying debt for a long period of time is tiring. It make you feel like you are working for nothing since when we are paying debt, we don't have a chance to save or accumulate funds since the extra money is being paid to the loan.
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Kelward
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May 21, 2023, 10:25:28 PM |
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"Can I take a loan to invest in bitcoin" this question was asked by a friend What is your advice?
Investments in Bitcoin or other cryptocurrencies can never guarantee you a profit. Yes it is true that it is possible to make huge profit from here but there is no guarantee that how long after investing you will get good profit. When you take out a loan to invest in Bitcoin, you must repaid the loan with interest. So if the price of Bitcoin takes longer to rise, you will have to pay more interest. So you must stay away from loans when it comes to investing in crypto. Because the price of Bitcoin may decrease after investment. so be careful from thinking about loan when you will invest in crypto As a business person that has taken micro loans a couple of times from banks, I know from experience that banks will ask you how long you've been in the business before they will consider your loan application. If your business is below one year, they will not even consider giving you the loan, because you're not sure of making profit to repay the loan as at when due. So in essence, taking a loan when you're not sure of making profit at the stipulated time of repayment is a bad business decision. Because the borrower might end up worse off than when he collected the loan, if the expected return or profit does not come at the repayment time. So it is better to start any business or investments with your own capital, no matter how small. So I agree with you that it is not good to take a loan to invest in bitcoin, because it might take a longer time before you start to gain, but your loan repayment might not wait till that time.
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