Bitcoin Investment: Good Debts vs Bad Debts

[alastantiger]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

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[S3300]

Debt is debt, you have to pay up anyway.

I don't care what you plan to use the money for, just pay back what you lend and you will be free, stupid people take loans and spent it on stupid things while the rich and smart people takes loan and use it for a greater course that could benefit them in future.

Still, even if you use loan money to invest in good business there is still a risk, the business might fail and been in good debt or bad debt will be meaningless, because a debt is still a debt.

[Charles-Tim]

Before you borrow money, you should make calculations and be certain that you will be able to meet up to pay the loan before the expiration time. That is what I can define as good debt.

Although, buying assets and properties that their price and value appreciate with time is a wise choice.

[BenCodie]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I would classify it as a good debt, only under the condition that it is done based on a 4+ year period or 4 years minus (reduce years that have passed since last halving). If someone is borrowing for the sake of trying to make more dollars as quick as they can, or even within a year for that matter, then I would consider it a bad debt...as that is essentially the same as gambling.

[arimamib]

I think the debt can be avoided if there is no urgent need.  I mean even if you take a loan to make an investment it's not too wise for you to do because if you get a passive income per day/week/month you can set aside some of your income to invest in the long term it's wiser than you take a loan.

Addiction to taking loans will also have a negative impact in the future because things that we don't want can happen in the future and that will prevent you from being able to pay off the loan. So my advice is it's better to live without debt and have no burden in everyday life.

Indeed, some of them are quite successful by using loans to manage their financial side of the business they manage or they are lucky in every way.

[Rruchi man]

They say poor people have bad debts and rich  people have good debts.

Rich people borrow to invest in assets, poor people borrow to invest in liabilities.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

All these are examples of the investment that the rich make with the money they borrowed. They are rich and although they may not have had all the money required for an investment immediately which has made them to seek for loans, they are at a position where they can pay back or exchange collateral as settlement should thing go sideways. The poor man is not in the same position.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Depending on your financial status, if you are rich and the money you are borrowing to invest can be repaid even if your investment does not perform as expected, then you can go ahead to borrow, it is a good debt in this situation. If you are poor and you cannot afford to pay back the money you intend to borrow for investment if it does not go as expected, it becomes not advised as it will be a bad debt.

[Zaguru12]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt).

I quite disagree that all Loans taken to buy car not use for Uber/bolt is a bad debt. I can get a car for person use say, I need a car for my daily transportation to work place, as the daily transit fee is accumulating then it is wise debt to just take a cooperative loan to buy the car and then pay back through salary or wages.

A loan should be considered bad loan when the loanee doesn’t have any means of livelihood or income and then takes the loan to acquire materialistic things or spend them on ceremonies.

Despite the volatility, our hope is that Bitcoin will appreciate in value.
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

It is not entirely bad to take loan to invest on ROIs but the major problem with investment like bitcoin is the lack of certainty of when the dump will occur. If the loan becomes due for payment and we say the bitcoin market is still bearish, the pressure to pay back the loan will definitely cause the loanee to sell of the coins at a loss.

Bitcoin is assured to grow in profits when it is hodl for a very long term, so the ability to have patient to hodl for long will be from money that wouldn’t be need in short term. So the duration of the loan repayment will determine whether it is a bad or good debts

[FrozenBit]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

From your analysis of your point of view, I think it will be difficult to judge whether the debt is good or bad. Because that investment will not be completely profitable and not entirely a loss. This market fluctuates over time, there are people who come to it to make short-term big profits but still lose money, but there are also long-term investors who are not too concerned about debt to invest. Which I think we need to have knowledge and experience to invest in Bitcoin, smart enough to make the right investment decision.

[Dr.Bitcoin_Strange]

Debt is just what it is, either way. Due to some unforeseen circumstances, a good debt can become a bad debt. The car being bought for business purposes could get stolen or something else, but God forbid. I am just trying to say that if we are in debt, it's definitely required that we repay the loan, and if the results we expected in our business to enable us to repay the loan are not what we are getting, it can result in a bit of a challenge in repayment of the loan. But I'm curious why someone would take out a loan to buy clothes and shoes.

OP, I get your point, which makes me think that "Taking a loan to acquire more liability is not a good economic plan" should have been the title of your topic. For example, when someone takes out a loan to buy a car, they will need money to buy fuel, money to buy engine oil, money to repair the car, etc.

Taking a loan to do business is not bad, but using a loan to acquire more liability for oneself may even add more debt to the person's financial stability.

[livingfree]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

This is actually a good argument to be talked about. But before classifying it as either, it depends to the person who had made the loan. If that person doesn't have other source of income and any means to pay the loan but just relying to bitcoin then I can say that it's a bad debt.

Calculating all of the interest rates until the price increases for bitcoin and then the time of selling, I guess that profit won't be that much or could just be break even.

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt).

I quite disagree that all Loans taken to buy car not use for Uber/bolt is a bad debt. I can get a car for person use say, I need a car for my daily transportation to work place, as the daily transit fee is accumulating then it is wise debt to just take a cooperative loan to buy the car and then pay back through salary or wages.

I get the point on this and being comfortable with your commute is a good reason for you to take a car. And if you value your comfort, it is not a liability if you get a car loan.

[kaseygriffin]

I'm not sure if the people here agree on the idea of ​​borrowing money to invest or not, the use of financial leverage is not always successful when we do not have the knowledge and skills to operate it properly. indifferent way.
However, from the perspective OP is talking about, I see the problem that the OP is asking, but let's see here as I said before, financial instruments will bring both good and bad things. for the economy. And the problem is sometimes the applied cognitive behavior of people.

[LogitechMouse]

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.
~
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

You already said this:

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

Now you are asking if borrowing money to invest into Bitcoin is considered a good debt or bad debt? What is your definition of good debt? You said that when you loan to purchase something that would appreciate in value, it is considered good debt right? Why asking for Bitcoin when it also appreciates in value?

Volatility you said? Isn't Real Estate, Precious metals and commodities volatile? Bitcoin is just more volatile than those 3, but their price is decreasing and increasing as well. Now to answer your question, I consider borrowing money to invest into Bitcoin a good debt because the price of it appreciates. I tried this already just a few months ago when Bitcoin is at it's bottom. I got a loan from a cooperative here, and I'm paying it monthly. To cut the story short, I'm now in profit because of the price increase of Bitcoin.

[Vaskiy]

Every investment is subject to risk. Bitcoin appreciates in value, which is the belief. However the market isn't the same as traditional market where it is possible to make closer prediction. With bitcoin and other cryptocurrencies we were able to experience wild changes in no time. As stated rather than investing on car and other luxury things to make life comfortable it is good to invest on bitcoin and with the profit invest on car, properties etc.

In my locality primary focus of people is to have an own house. Later slowly they buy a car and have some jewels which helps in emergency. Now only slowly awareness given and the same will result in more people getting interested into investment over savings.

[Ayers]

I do not distinguish bad debt or good debt because that is a debt that I have to pay at all costs. Borrowing money is not recommended because you will be in trouble if things don't go according to your plan. But if you're calculated and ready to take the risk, borrowing money to start a business or invest in bitcoin is not a bad idea.

I also used to borrow for business and failed, so I do not support anyone borrowing money to invest, but I would not ban someone if they know what they are doing, and even if they fail, they still have a different way of handling it. Borrowing money is not the problem.

[Mr. Magkaisa]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

   -   If I can afford to pay the debt, I can do that to buy Bitcoin and hold it until it reaches the value I want before I sell it.
And I can consider it as a good debt.

That's why it seems that most people borrow because they have emergency purposes, or as you said, other reasons. And I also don't see anything wrong if the loan is sold for bitcoin as long as it is paid properly to the person who borrowed it.

[iamsange]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

Not all poor people have bad debts, because there are some poor people who make debts to run a business, even if only on a very small scale. While the rich do most of them have good debts, but there are also those who are rich who make bad debts even though it is not at all burdensome to pay and does not make him fall into poverty immediately because of these bad debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I think this really depends on everyone's principles in assessing and classifying borrowing money for something. For me it is really not suitable to invest from borrowed money because it will really bother me to invest calmly and free from the burden of debt that I have to pay off when it matures. So I would be happier if I invested with my own money without getting involved with a loan, especially since the investment is in Bitcoin

[zaki12]

actually debt is a bad thing or it could be the other way around. what to avoid or what? Okay, to answer this question, we first need to separate debt based on use and benefits. The first is bad debt and the second is good debt. Bad debt is easy, debt is used for consumption matters, now there are also many types of consumption here, ranging from basic needs to debt just to fulfill lifestyle, it's as simple as this. This bad debt is like us borrowing money from our future income to fulfill present desires.

Debt Whether it's debt that is used to make, buy or learn something that can get our new income in the future. The value and benefits of this type of debt give us the opportunity to own useful assets and create new sources of income in the future. Like investment.

If we return to the first question, are all bad loans or vice versa? If we look at it from a financial perspective, it's okay to do bad debt or good debt as long as we can calculate the risks and our ability to pay in the future.

[Merit.s]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Taking loan to do whatever you want to achieve either to invest or for ceremonies is not a bad debt,when you have a salary job,because the loan will be deducted from your salary bit by bit which might not have an effect on your income. Taking loan becomes a problem when the person doesn't have a monthly income or a salary job that can help him pay up the loan before the time duration elapses, if he is not investing the money. For,instance you take a loan to get married to your wife without you having a job,you have done a great harm to yourself.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Taking loan to invest in bitcoin is a good decision if you understand the market and bitcoin movement but if you don't understand any of these, it becomes a risk for you because of volatile nature of bitcoin. Let's take for example,bitcoin halving will be experienced next year and if by early next year,you take a loan to invest in bitcoin to pay back by 2026. This is a good loan because after bitcoin halving, the bull run comes in and at 2025 bitcoin price will get to ATH. When you sell off your investment you can make much profit and pay back your loan still have enough funds with you to start a new bear market

[Rockstarguy]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Taking a loan to buy a car is not a bad idea even if if it is not for  ulber. it is only bad when their is no meaningful purpose of having a car or not having any plan on how to pay back the loan. If I'm very sure I can pay back in a specific time then it is not bad for me. Having my personal car will bring more opportunities for me and to make movements to be vety easy for me to get to any distance or location at anytime. Not having a car deprive people from having their preferred job because of distance and it also limits one from doubling the hustle by getting other side jobs.

Taking a loan to buy car is not bad if only one understands why he or she needs a car and if the reason is sensitive to play a good role in everyday of life.

[Ultegra134]

If you owe money, you're in debt. It's as simple as that. However, I do understand your point of view that taking a loan to purchase a property is something that is likely to result in a positive outcome in the future, while going into debt in order to buy expensive furniture could be considered reckless by some and doesn't have any prospects of flourishing financially in a few years.

You should also take into account that not all purchases can be conducted without receiving a loan; buying a house with cash is impossible for the majority of the population nowadays, thus, a loan is required. Buying expensive items that you don't necessarily need usually doesn't work, and if you can't afford them, you shouldn't buy them.

[el kaka22]

Poor people have hard time living, and they are barely able to buy things that rich do not even care about when buying. Just to give an example, buying the latest iphone is a stupid move for a poor person, why would you spend that much money on a brand new phone, there are a lot cheaper options, right?

But buying 10 brand new iphones would not even move a dent in a rich persons wallet, they do it, they live like that, they buy a new phone every time the old ones memory ends, instead of deleting photos, they buy a new one, they are that rich. So, it is normal that rich people only get a loan for smart stuff, but poor people have to get for bad stuff as well, it's normal.

[Adams0001]

Every part of life has benefits and drawbacks. For the average person, carrying some debt has become the standard.
While the majority of people are in debt, it is critical to recognize that not all debt is made equal. Debt, when used irresponsibly, can have disastrous financial repercussions, but when managed properly, it can also be a tool for wealth creation.

You may find yourself in a situation where you must pay. The payment is greater than the asset's value because it is stretched out over a long period of time at a high interest rate.

Taking on too much bad debt at this time may make digging yourself out of a hole later on more difficult.

[lionheart78]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

There are also two cases to consider in considering whether borrowing money to invest in Bitcoin is a good debt or a bad debt. 

It is a good debt if we borrow money in an event where:

1.  Bitcoin crashes to its bottom:  accumulating Bitcoin at its bottom is the best way to take profit.
2.  We are strong-willed and do not panic when a sign of market collapse or a bitcoin market collapse happen but keep holding Bitcoin
3.  We have a good plan on when to take profit and not just hold Bitcoin blindly.
4.  We have the capability to pay the borrowed money regardless we sold our Bitcoin or not.

It is considered a bad debt if:

1.  We buy BTC when it is on its ATH or peak and has no patience of waiting for another cycle making us to sell our holdings at a loss.
2.  We have weak hands and have no faith in BTC.
3.  Invested on Bitcoin because of the hype.
4.  Incapable of paying the borrowed money which can force us to sell BTC at a loss to be able the pay the debt on time.

[Die_empty]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

The bitcoin market is highly unpredictable that's why people are advice not to borrow or use a loan to buy the currency. There are some investments that are less volatile such as real estate. People take loans to buy or build their own houses and it doesn't seem to be a bad investment because properties appreciates. Taking a loan and investing it in Bitcoin is not a bad loan but it is not the best method of seeking finance to invest in the sector. You don't need to invest a high sum of money you don't have in Bitcoin, but gradual but consistent savings can help you invest in Bitcoin without borrowing. If you use a loan to buy Bitcoin, and the price keeps dropping, you might develop high blood pressure before the next bill run.

[odunybiz]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

To me investing in Bitcoin using loan stand neutral between the two. This is because it's risky. Knowing the volatility of the market. One may end up in joy or sadness. It's not advisable to loan money for any business that one isn't certain of it's success.

[ginsan]

I think the debt can be avoided if there is no urgent need.  I mean even if you take a loan to make an investment it's not too wise for you to do because if you get a passive income per day/week/month you can set aside some of your income to invest in the long term it's wiser than you take a loan.

Addiction to taking loans will also have a negative impact in the future because things that we don't want can happen in the future and that will prevent you from being able to pay off the loan. So my advice is it's better to live without debt and have no burden in everyday life.

Indeed, some of them are quite successful by using loans to manage their financial side of the business they manage or they are lucky in every way.

You are telling the truth because borrowing debt to invest is not a wise thing. I agree with your opinion because roughly if we assume someone takes a loan and puts all the loans for bitcoin investment when the price is high, let's say he buys at $50k and the current price is $28k, of course he will be burdened for making payments on his loan. But on the one hand I also agree that those who are good at taking advantage of opportunities will be able to turn money quickly in trading with the main capital being loans.

As OP said where someone can say a loan made in investing in bitcoin as a good loan and it can also be a bad loan it just depends on how they manage it as well as possible to make a profit before the payment period arrives.

[carlfebz2]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Doesnt matter much whenever you do have some debts because of some investment, the most important thing on here is that you should really know on when to pay up those due dates without relying into your
investment returns or profits.

If you do have other sources on which you could be able to patch up those payments then it should be fine. Getting some loan or debt to make some re-rolling into your investment is never been bad
as long you do know on handling out your finances well then i dont really see any problems.

Things do go bad if you do make use of those money in a wrong way which we know that it isnt something recommended.

[Yatsan]

On my viewpoint, there's no good debt. Indeed loans could be used to start your own business; process is allowing your business to pay your loan until the property itself remains as your profit. Problem is looking for that business which would generate assured profit or returns. Apartments? Properties? Could possibly be, but think of the rate of return; it would be long for such properties because rent is on a monthly basis. It is easy to idealize the process but on the actual it is not. You have to minimize the risk. And if you cannot sustain what you are using your loan with, you'd be at risk. I acknlowdge this process of using loan to earn profit but I myself is fully aware that it would be too risky and I might end up being in bigger dept.

Right now, I prefer using my own money to atleast give me an allowance from the risk. In such way, it would prolong my time getting back with the amount I would be investing into something.

[boyptc]

Please bear with me with what I understand about this matter. Good debt isn't just all about that you'll be able to use it on a business and other things that will be cultivated over time for which will generate profit on your own sake.

I think it's all about cash flow. Like the typical understanding we've got about good debts is you borrow money and then invest it on a business, that's it. But we're forgetting that when someone creates a business, the important thing on it is being liquid and the cash that flows within the cycle of that business so, it's an active thing.

Whilst in investing in bitcoin, you gotta be passive and wait for the right time on it. Well, it can still be said as a good debt since there have been college loans and we're also investing our future with our education and we wait until we're able to use that education we've learned.

So IMHO, it's either both. But I agree on him arimamib; if you can avoid to take a loan just avoid it in any case even if the cause is good like investing in bitcoin.

I think the debt can be avoided if there is no urgent need.  I mean even if you take a loan to make an investment it's not too wise for you to do because if you get a passive income per day/week/month you can set aside some of your income to invest in the long term it's wiser than you take a loan.

[Aikidoka]

Investing in bitcoin with borrowed money may be profitable over the long term, but I personally would not do do that due to the lack of certainty. It's not my own money to invest, so I wouldn't take the risk of using someone else's money to make more money. For me, this type of investment would be obviously a bad debt. I consider a good debt to be when you need money and know that you can earn it back in a short amount of time, such as a few days to a few months. It's important to use borrowed money for something necessary or urgent, rather than investing in bitcoin or something that isn't essential.

[yhiaali3]

Yes, there is a difference in general between good debts and bad debts, but we have to be realistic that the debts of the poor and the rich cannot be compared. It is not fair to classify the debts of the poor as bad debts because they are forced to do so.

Yes, they borrow money to buy food, clothes, shoes, and other necessities, but what do you do if you are poor and do not have money to buy the necessary necessities to meet your family's expenses?

You are forced to borrow to provide for these needs, even though you know that it is a bad debt that you have to pay in the future.

[Faisal2202]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

You raised a good point, according to Investopedia your definitions of good debt and bad debt are totally correct, but if we want to declare one thing we are going to buy using the loan as good debt or bad debt. For that, we need to consider some key points in these debt natures. Like:

1. The purpose should be to earn money by investing that loan in business opportunities as a good debt.
2.Less interest loan is considered as good debt.
3.Return over loan money is a good debt.
4.A loan with less strict terms will also be a good debt.
5.Good debts have a longer time to pay loans.
6.Most importantly, the borrower must have a backup plan if the loan money is not able to generate return over loan money.

For Example, a person earning 3000$ every month in a government job and wants to take a loan of 90,000$ to invest it in BTC for the long term, for 4 years maximum, and he buys BTC at an average of 25k$ and he has to pay his debt after 6 years. Then I can say investing loan money in BTC is considered good debt.

Margin trading could be another example of good debt (for BTC) as the borrower at last pays the loan money. A debt will be considered as a good one if the borrower took all the measures to meet the consequences in a better way and had a better plan.

[Sarah Azhari]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I don't agree if people (who don't understand the deal in) borrow money to invest the risk value assets. Even if as good or bad debt, it's the same as always they will get risk if not in good hands (understand how it works). I have a friend (from Minangkabau) who is very good at trading offline from lending money, but going bankrupt after trading forex online and got debt arrears until today. so just be carfeul for your step.

[awik p]

I think it depends on the background of the person borrowing it. it can be said to be a good debt if the borrower already knows and has good knowledge of bitcoin investment, so that all risks and targets have been calculated beforehand. it is said to be bad debt, because most people want quick and multiplied profits, while there is no capital, so they dare to borrow, without careful calculation of risk, and usually people who are like this will be attacked by their psychology which ends up selling panic, and the result did not live up to initial expectations

[benalexis12]

   Most people know that it's not bad to take a loan no matter what the reason is whether it helps us or not, why would we take a loan if we pay it on the due date that was discussed, it's okay for me.

   Because of the reasons for the debt here, the debt is good or bad. It seems that it is up to the interpretation of the individual how they will give it a negative or positive view. So for me, investing in bitcoin has a risk result and a good result, that's what I know and maybe most people here also know.

[xSkylarx]

Neither because depends on the preference because first it is a bad debt if your investment is not profitable meaning you are lossing money and you cant pay it back since that is only your main source of income. It would be a good debt if tou can still pay it even if you lose your investment. Overall it is still not good to get a loan just for investing money to something that it is not 100% that will get you profit but unless you are really risk taker

[lienfaye]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Good debt. Because it's an investment, you'll gain if everything will go as planned. However, as we always say, it's not advisable to borrow money to invest in Bitcoin unless you have a back up plan wherein you can still pay your loan even the outcome of your investment is not good. In that case, you can take a loan as long as you're not relying alone with the profit in your investment.

Borrowing money is not bad if your purpose is to use it for investment. But keep in mind that every investment is risky and not guaranteed. Hence, it's not for everyone who are not responsible borrower and doesn't know what mess they're getting into just because they want to invest.

[isaac_clarke22]

~

I classify that as a bad debt. To be real, "hope" cannot pay your loan back. Technically it is still a good debt from the definition since it earns money overtime anyway, just like how businesses gives a percentage of return or the earnings although the volatility of the market is what makes it somehow of a bad debt.

I can't make a promise that I would pay back a loan if the one that generates revenue is unstable. I would prefer my own money that I can afford to lose, so that I would have no problem in the end. I don't want my earnings to be just be used to pay the loans I used.

[Cuenta Alternativa]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

If you listen to whoever popularised the difference between good debt and bad debt, these examples do not give you good debt, as they do not give you cash flow. Good debt puts money in your pocket, and investing in real estate or gold does not put money in your pocket. In the case of real estate it would, but if you rent it and the rent you get paid is higher than the mortgage you pay plus the other expenses of the house.

If you are going to buy gold or other commodities, they definitely do not put money in your pocket, so going into debt hoping for capital appreciation would not be a good idea.

The same could be said about bitcoin, but due to its high profitability, it could be a good move due to capital appreciation, but it is not advisable for the typical retail investor. An example of someone who goes into debt to buy bitcoin is Michael Saylor with MSTR, who does not stop making regular bitcoin purchases, often going into debt, but with a very studied and controlled debt.

[karmamiu]

<snip>

It is a good debt if we borrow money in an event where:
4.  We have the capability to pay the borrowed money regardless we sold our Bitcoin or not.

It is considered a bad debt if:
4.  Incapable of paying the borrowed money which can force us to sell BTC at a loss to be able the pay the debt on time.

Exactly. This alone is already a huge difference between rich and poor people. By poor you mean those who are on lower class household and below right? if that's the case, thinking about getting in debt alone is already bad. Here's an example based on my experience and from the neighborhood I have in this country, for those who are earning below minimum wage, having a debt is like digging your own grave, coz you have to accept huge interest. Most banks here in my country will only offer you a small amount of loan which someone can afford based on their wages, and what can a little amount of money do? nothing, mostly it can only be used for groceries worth 3 days or 2. If the lower-class person or below wants to borrow reasonable amount of money, he/she will have to go to private loan sectors and accept their unreasonable terms and conditions specially in interest rate, which will only lead them being burrowed by debt day after day. This is one of the reasons why most of my neighbors wanted like a get rich quick scheme, since if they'd wanted to borrow money, they'll have to pay the amount and interest in fast manner and the faster they pay it off, the easier for them to get out of the crisis.

Getting in debt for me varies from person to person and more importantly varies depending on where the country is. Maybe the definition of HOBO in your country is already what we considered lower class here, how much more the poorest of the poor? Thinking about investing in that situation is no longer in their options.

[YUriy1991]

About Borrowing money to invest in Bitcoin can be classified as good or bad debt in my opinion but it depends on individual circumstances and risk tolerance. If borrowed funds are used to invest in Bitcoin with a long-term perspective, and the individual has a solid plan for managing the risk, then it can be considered good debt.

However, if borrowed funds are used to make speculative investments in Bitcoins without proper understanding of the risks involved, then it may be classified as bad debt. Self-assessment of your financial situation and risk tolerance is considered important before making any investment decision.

[Swordsoffreedom]

In my opinion, being in debt and borrowing money means bad even though we use it for important things. Because debt means we have to pay the borrower someday. But bad doesn't mean we'll never borrow, as long as we dare to take risks, we can borrow because sometimes in life, to be successful, you have to step out of your comfort zone and do things that many people dare not do to achieve things no one has. Success requires trade-offs, but make the right decisions on a case-by-case basis.

[Dr.Osh]

depending on the situation. If you are looking for a loan but you can repay the loan with your salary, and want to invest large amounts of Bitcoin, that's fine. it might be called a risky investment, but the benefits can also be very large. it might be a good investment.
However, looking for a loan that you can't pay off your monthly salary, and investing in bitcoin which is highly volatile may be a bad decision. that's because when the development of the bitcoin price doesn't match your expectations, then you won't be able to pay the loan you have. it will only hurt you. it is a very big risk.

[slapper]

Nothing is set in stone when discussing the borrowing of funds for expenditures. It's possible that some of your business ideas will skyrocket in popularity while others will do nothing but drain your resources. How much money you want to make, and how much danger you're willing to accept, are the deciding factors.

Plus Bitcoin? That wild individual is akin to a hyperactive roller coaster. It has the potential to make you extremely wealthy or completely ruin your finances. Discover the potential hazards and think carefully about them. If you're in it for the long haul and have a strategy, I think it could be a smart idea to take out a loan to participate in the Bitcoin wave. But if you're looking for a fast way to cash in, you might want to reconsider, amigo.


You should weigh the potential benefits against the potential drawbacks before approaching a financial institution for a loan. Remember that shopping is more of a marathon than a sprint. Don't lose sight of why you're doing this, and keep moving forward.

[lovesmayfamilis]

Any debt is a lack of freedom. Do you like to get up every morning and enjoy freedom? So any debts always land the debtor. We cannot know our future, no one is insured against anything, but having borrowed, we are confident that we can make a profit, or repay debts on time, we can make a mistake in our plans.
I don't see the need to always be indebted to someone. Therefore, I prefer to live on what I have and invest only my own money. It may not be the best strategy, but feeling like you don't owe anyone is much calmer for me.

[o48o]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

I see some of these things as profitable investments as well, buying good shoes is just benefiting someone's health and so he/she can work more efficiently. And when they are good enough, they can be repaired and by doing that the, this person saves money. Investment doesn't need to pay back directly, we also need people to be able to enjoy enough to be able to work.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

Depends. It wasn't a good idea to buy estate from invaded areas of Ukraine for example. precious metals you have to store in somewhere and be sure that place is guarded well enough.

They say poor people have bad debts and rich  people have good debts.

I would say this is just simplifying things. Investing in general is wise, but that doesn't mean every method of investing suits everyone.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

This is why we invest literally in anything. But we shouldn't be only focusing on investing in monetary value. Investing life worth living is valuable as well.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I wouldn't borrow money for investing in something as volatile as Bitcoin, no. I would use my own money and not be greedy wanting more then i can afford.

[ethereumhunter]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

The first thing you should consider before borrowing money is how you can return the money. If you can pay it back and there won't be any problems, it's probably the best debt you can take. And if you want to invest in bitcoin by borrowing money and you're sure you can pay back the money every month, you can do that. But if you are not sure you can return it, it is better not to risk investing in bitcoins using free money that is not used for anything. It will be much safer for you and you can focus on investing in bitcoin without considering returning the loan money. And I also suggest not borrowing money if you want to invest in bitcoin, considering that the price of bitcoin goes up and down, which can make it difficult for you to repay the loan if you don't have other sources of income.

[robattfield]

Borrowing money to invest in bitcoin I see is not the root of the problem of creating bad debt or good debt. Because in any financial market I've seen there's volatility, and the OP is just looking in one direction by giving only one side of the issue. And I've found that when someone has accepted debt to serve their goals, they're theoretically taking the risk they're going to take. The loans are assessed later from the bank they don't care much whether it's bad or good, because they are creditors they will always find ways to benefit them.

[SOKO-DEKE]

I don't abide by the rules of borrowing money to invest in Bitcoin because it involves risk due to its volatility, and nobody can predict 90% of what will happen in crypto industry. Debt does not have two names—whether you borrow to invest or borrow to buy yourself necessary things, it is still debt. But all I know is that borrowing money for doing anything that is not an emergency is not a good idea.when you borrow money to invest Bitcoin and it time to return the money to the owner and the Bitcoin market price is down, you will be frustrated and you will ended up sell it low at price in other to pay back your debt. As for me i can't borrow money for things expect I have emergency issues to solve.

[Altryist]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Even if you bought real estate or precious metals on credit, then you cannot just wait for your investment to bring you a profit, a loan or money as collateral means that you will need to make monthly payments. And if with real estate you can rent it out to cover part of this payment, then with precious metals this will not work.

Smart debt only sounds nice, in fact it is not so easy to implement and may require quite long repayments. And if it were that easy, then everyone could do it.

[SirLancelot]

I do not distinguish bad debt or good debt because that is a debt that I have to pay at all costs. Borrowing money is not recommended because you will be in trouble if things don't go according to your plan. But if you're calculated and ready to take the risk, borrowing money to start a business or invest in bitcoin is not a bad idea.

I also used to borrow for business and failed, so I do not support anyone borrowing money to invest, but I would not ban someone if they know what they are doing, and even if they fail, they still have a different way of handling it. Borrowing money is not the problem.

A good debt must be a debt which brings a positive result on your business but a bad debt is when you fail and you will now have a hard time paying the debt. It will be a good idea to start a business first using our own money and observe how it goes. If it runs well then that must be a time for you to borrow money in hopes of maximizing your profits but the borrowed amount should be within our reach because unexpected losses can still happen.

You failed maybe because you did not calculate your risk? What kind of business was that anyway? But no doubt that building a business is not easy. There are still other ways to earn like for example in investing in Bitcoin. Any small amounts can do here so there is no need for us to borrow money.

[Finestream]

Before you borrow money, you should make calculations and be certain that you will be able to meet up to pay the loan before the expiration time. That is what I can define as good debt.

Although, buying assets and properties that their price and value appreciate with time is a wise choice.

If you are taking loans just to increase your profits from an investment, and you know you are able enough to pay, that could be a good debt. But I believe if you can save first before you decide to invest, that will be a lot better. That is to avoid yourself from being pressured to pay the interest or the whole amount in times your investment is not working well or is not making consistent profits.

[imamusma]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

It should be divided in two versions and it all depends on who did it.

First: you can make a loan to invest in bitcoin, but you have other income out there to pay back your loan regularly instead of expecting a return on your investment. This can be referred to as good debt.

Second: Your debt will be classified as bad debt if you only expect return on investment to pay off the loan. Price volatility won't guarantee you get timely return, but there's chance you'll get default loan when the price doesn't meet your expectations.

[Pujangga]

If we want big profits of more than 100% in a year or less then the best choice is bitcoin investment, there is no investment that is higher in providing profit opportunities than cryptocurrencies, for example gold which is around 8% per year, while other investments such as property sometimes lose money because of demand which decreased.

[deathcode]

I don't abide by the rules of borrowing money to invest in Bitcoin because it involves risk due to its volatility, and nobody can predict 90% of what will happen in crypto industry. Debt does not have two names—whether you borrow to invest or borrow to buy yourself necessary things, it is still debt. But all I know is that borrowing money for doing anything that is not an emergency is not a good idea.when you borrow money to invest Bitcoin and it time to return the money to the owner and the Bitcoin market price is down, you will be frustrated and you will ended up sell it low at price in other to pay back your debt. As for me i can't borrow money for things expect I have emergency issues to solve.

I agree more with the opinion you convey. Debt is still debt and what the OP conveyed regarding there is such a thing as good debt or bad debt is just a breakdown of terms based on the purpose of the debt.
That's right, we should never try to get into debt if we are not in an emergency or in a state of urgency because we have no money to solve problems that must be resolved right away.
I think if someone is willing to go into debt for the purposes of investing in crypto it is not because of an emergency or urgent situation but it is pure greed which is very reckless and very unrealistic.
Crypto investment is certain for the long term, what happens when the debt matures and must be repaid immediately when it turns out that the crypto price is still below that of course it will add to our debt to cover our previous debt. It's too risky for our comfortable life.

[lionheart78]

<snip>

It is a good debt if we borrow money in an event where:
4.  We have the capability to pay the borrowed money regardless we sold our Bitcoin or not.

It is considered a bad debt if:
4.  Incapable of paying the borrowed money which can force us to sell BTC at a loss to be able the pay the debt on time.

Exactly. This alone is already a huge difference between rich and poor people. By poor you mean those who are on lower class household and below right? if that's the case, thinking about getting in debt alone is already bad. Here's an example based on my experience and from the neighborhood I have in this country, for those who are earning below minimum wage, having a debt is like digging your own grave, coz you have to accept huge interest. Most banks here in my country will only offer you a small amount of loan which someone can afford based on their wages, and what can a little amount of money do? nothing, mostly it can only be used for groceries worth 3 days or 2. If the lower-class person or below wants to borrow reasonable amount of money, he/she will have to go to private loan sectors and accept their unreasonable terms and conditions specially in interest rate, which will only lead them being burrowed by debt day after day. This is one of the reasons why most of my neighbors wanted like a get rich quick scheme, since if they'd wanted to borrow money, they'll have to pay the amount and interest in fast manner and the faster they pay it off, the easier for them to get out of the crisis.

Getting in debt for me varies from person to person and more importantly varies depending on where the country is. Maybe the definition of HOBO in your country is already what we considered lower class here, how much more the poorest of the poor? Thinking about investing in that situation is no longer in their options.

For me the status of a person having debt is not an indicator to say it is bad or not.  As long as the gain outweigh the losses, I can say it is a good debt.  Like for example, if a poor person borrowed money to sustain his basic needs, that is already a good debt because it is for his own survival, and the money does not go to waste because it was spent for his basic needs.  We cannot improve our status of living if we are starved to death.  As long as the person is living, he still has hopes and capability to improve his standard of living as long as he is eager to improve himself.

In the matter of borrowing money for investment specifically Bitcoin, though many say that it isn't advisable to borrow money for it, I say, it is advisable if it will bring a positive net gain after the deduction of borrowed capital and interest.

[ivankoh]

Good debt and bad debt are two categories in the debt process. It's still a literal debt. Borrowing money to invest in bitcoin is not so special in terms of business potential and exploring investment opportunities. Personally, I think borrowing money to invest in bitcoin is not advisable but I am not saying it is impossible, it means that each person has their own conditions, business strategy, investment opportunities that come with the timing and ideas. Only when you have built-in multiple sources of income and fully understand that the debt to invest in bitcoin is still within your financial control will you be able to balance from other sources of income to be ready to meet your level to repay it on time. That's still a good plan.

[Hamphser]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Good debt if its been applied or been used on buying assets or having put up in investments on which you could potentially be able to make income or make money which i do consider for it to be worth.
This is actually depending on someones approach because not all would really be that sensible in towards their actions on which they would really be making some loan on buying up things that they do like.
Like purchasing a car, some goods, houses or other stuffs which for them to end up on having that monthly mortgage.The worst thing on here is that they do really end up on spending the amount
which is more than with their income and this is where things becomes more hard where you would be finding yourself been fucked up with debt if you cant pay it in time.

[goaldigger]

Borrowing money to invest is a bad debt to me especially with Bitcoin since its very volatile and no assurance about making profit. For an active trader it can be a different scenario, you should have more knowledge about this so you can know if you can afford to have such a loan just to support your trading activities. Analyze your capacity to pay as well, and manage your risk.

[dothebeats]

There is one lesson about debt that one of my friends taught me: use it in your favor. He literally got a credit card on the intention of increasing his limit and building up his image on the bank. He did this for 5 years, and now that he has a black card, he buys cars through credit cards and sells them for a profit and does the same thing over and over again. He still lives frugally, although he can easily retire comfortable in an island and enjoy life with the money he's gotten. He's still doing it now though he has since expanded his ventures somewhere else. That's the only 'good debt' that I can think of that lets the money work in your favor, and I'm planning to do it too. There's always the risk of flopping on your items, but if you have the right connections and the right audience it's pretty easy to build bank just like what this friend of mine did - and he earned it through hard work and great social skills.

[lizarder]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

There must be a mathematical calculation before you try to take a loan, in the category of poor and rich people the need for loans will be very different in the essence of their use. I mean rich people don't take loans to buy houses or cars, but to expand the business they manage. Poor people take loans to fulfill their lifestyle, this is where the biggest mistake lies in the wrong loan category.

Borrowing money for positive needs or to support business and investment is not a problem, as long as there are considerations that can be adjusted to cover monthly costs when the credit is due. If you think it's customizable and have a backup method, then just consider taking this opportunity.

[uneng]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Well, in my opinion it's bad debt to borrow money to invest in bitcoin, because even though it's a profitable investment on long term, we don't know for how long you are going to need to hold your coins until bitcoin gaining more value. In other words, we can't specify exactly for how long you are going to need to wait until selling your BTCs for profit, what is an inevitable calculation when taking a loan.

Loan only is a viable alternative when you are able to determine how much profit you are going to make in a daily or monthly basis with the money taken, so you can schedule the repayment most accurately as possible.

[Mauser]

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Hope alone is not a guarantee that the price is going to rise long term. In my opinion it's a bad idea to buy any kind of risky assets with borrowed money. There is no guarantee that it's going to pay off and we face a lot of risks in the meantime. A loan usually requires us to make periodic interest payment, and with bitcoins we don't have any income if we don't sell. We could be forced to liquidate some coins at unfavourable prices. When it comes to real estate it's a different story, because we usually live in the house or apartment and would need to compare the monthly loan cost to rent payments. It's not like we could avoid living anywhere for free, the opportunity cost are quite high. So buying any crypto currency with a loan is bad debt in my opinion.

[bitzizzix]

Before taking a loan, what we have to do is look at our circumstances and if we have a steady income or a steady job and a supporting salary, I don't think it matters, but it depends on the purpose of the loan.
if only for the desire for something and unprofitable for what, unless it really matters.
and borrow if it's for a business that makes money by doing research and also doing calculations very carefully before committing I think it's the choice of many people and they have the income to make payments and that too with adjustments.
but for bitcoin i suggest better do what you can with the money you can afford to lose i think its a very ideal way and do it regularly and consistently for long term and increase when you make more money and its very good than you do loans, and makes you dizzy because installments still have to be paid and also don't care about your situation.

[Paul Pogba]

Investment, of course, aims to make a profit, but we must remember that investors are not always successful and profit from bitcoin, the thing we have to understand is that bitcoin is always at risk and there is a chance to drop even though at this time it looks like the price will continue to rise, mind control and being ready to lose is a thing which we must have.

[virasisog]

We don't consider it a bad debt because we can really make a profit from Bitcoin investment but rather a risky debt because we don't know how far will the volatility of Bitcoin could take us. It will be a risk to borrow funds to invest because there's no assurance that you could pay back on your promised date since there's no guarantee that Bitcoin could strike high on our expected times. It will be better if we'll invest our own money so as much as possible, we have to save to have investment capital.

[Wong Gendheng]

The presence of Bitcoin can certainly be a good solution to earn income, if we want to get a big profit then the easiest thing is to save for the long term, but be aware that currently many exchanges have the potential to be a scam, it's better to save it in a wallet that has full control or private Key.

[lixer]

Any debt is a lack of freedom. Do you like to get up every morning and enjoy freedom? So any debts always land the debtor. We cannot know our future, no one is insured against anything, but having borrowed, we are confident that we can make a profit, or repay debts on time, we can make a mistake in our plans.
I don't see the need to always be indebted to someone. Therefore, I prefer to live on what I have and invest only my own money. It may not be the best strategy, but feeling like you don't owe anyone is much calmer for me.

That's probably true and I also believe that debts are like a burden on your shoulders, no matter how big or small, if you are indebted, you can simply not stay happy at all unless you are in the process of repaying the debt gradually. I believe no one would like to have such feelings of burden and having no freedom, but it's just that some people think they can make things in their lives better if they borrow some money, which isn't always correct.

I believe, just as you said, having your own investment even if its too small and doesn't generate so much profit, you would at least have peace of mind, and you can enjoy your life without much stress and tension.

[Vaculin]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I’m not aware that there are good and bad debts really, lol. Well, borrowing money to invest in bitcoin is still a bad debt, because if you’re a responsible investor, you would not borrow in the first place if there is still no guarantee to succeed. You just have to take your time saving for your investment, and when you think your funds are enough, you’re mentally and emotionally ready, then decide to invest. But never be greedy enough to consider bitcoin as a get rich quick. Bitcoin is a long term investment so you have to be more patient and be more persevere so you can succeed in your bitcoin investment in the end.

[Newlifebtc]

You can't say bitcoin investment is a bad debit , the investment is basically on what you understand and what you know of bitcoin, so therefore I believe bitcoin investment have to do with many things of advantages, basically someone who is investing in bitcoin have it mindset or plans it have in bitcoin

[Kasabus]

I do not distinguish bad debt or good debt because that is a debt that I have to pay at all costs. Borrowing money is not recommended because you will be in trouble if things don't go according to your plan. But if you're calculated and ready to take the risk, borrowing money to start a business or invest in bitcoin is not a bad idea.

I also used to borrow for business and failed, so I do not support anyone borrowing money to invest, but I would not ban someone if they know what they are doing, and even if they fail, they still have a different way of handling it. Borrowing money is not the problem.

If you have a stable main source of income, then it’s not a bad idea to borrow a minimal amount to start your investment. As long as you’re capable to pay, then that won’t give you hassle. But always know that the best way to invest is through your spare money. So that if you lose and and goes wrong with your investment, at least you never have to worry paying the amount you have used up.

[AmoreJaz]

I do not distinguish bad debt or good debt because that is a debt that I have to pay at all costs. Borrowing money is not recommended because you will be in trouble if things don't go according to your plan. But if you're calculated and ready to take the risk, borrowing money to start a business or invest in bitcoin is not a bad idea.

I also used to borrow for business and failed, so I do not support anyone borrowing money to invest, but I would not ban someone if they know what they are doing, and even if they fail, they still have a different way of handling it. Borrowing money is not the problem.

If you have a stable main source of income, then it’s not a bad idea to borrow a minimal amount to start your investment. As long as you’re capable to pay, then that won’t give you hassle. But always know that the best way to invest is through your spare money. So that if you lose and and goes wrong with your investment, at least you never have to worry paying the amount you have used up.

great, if you have other means to pay for your debt. because the market performance of btc has no definite movement or future. we can only speculate that it has bright future because of the adoption it is gaining from the community.
i can't label it as good or bad debt, because at any angle, it is still a debt to be paid for. but much better to borrow money to buy btc if you have other sources of income.

[wxa7115]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

It is not as simple, different loans have different interest rates, for example the interests you have to pay for using a credit card are enormous, while the interests you have to pay when you get a mortgage can be very low.

If you could get a loan with very low interest rates from a bank and you did so right before the bull run then such movement could make some sense, even if I still consider it to be too risky, however if you have to use a credit card to do it then you should forget about this.

[Semar Mesem]

Bitcoin investment is very risky, don't invest because you don't study the risks that can be obtained first, many people are poor because they sell assets to buy bitcoin but after buying the price drops, as long as we don't know the risks let alone only think about profit then we will never be successful and get big profits.

[Joshapat]

You can't say bitcoin investment is a bad debit , the investment is basically on what you understand and what you know of bitcoin, so therefore I believe bitcoin investment have to do with many things of advantages, basically someone who is investing in bitcoin have it mindset or plans it have in bitcoin

Most people will say good or bad if he loses or profits, as we know that bitcoin is a high-risk type of investment, price movements are like a roller coaster so if we know the risks we can get, we will immediately panic when we see prices drop.

[Baoo]

Bitcoin investment is very risky, don't invest because you don't study the risks that can be obtained first, many people are poor because they sell assets to buy bitcoin but after buying the price drops, as long as we don't know the risks let alone only think about profit then we will never be successful and get big profits.

That’s definitely true. Unfortunately, poor and greedy people are able to lose everything , some bought their cars , houses and took loans just to sell bitcoin and expecting *2 profit in short period. These people have one of the worst types of mindset. They be making dumb mistakes and taking unplanned risks without strategy and enough knowledge.

Plus, it is really necessary to find sources of money with Bitcoin payment or crypto stable coins depending of what skills and knowledge do you have. In addition to that, if you’re into crypto field and specifically Bitcoin, you must be mentally strong and patient without these two characteristics, you cannot succeed.

[harapan]

Never borrow money for consumption. Whenever you're borrowing money it should be to acquire an asset. I know this is not very practical because emergencies might arise where you will have no other option but to take a loan but still always have it at the back of your mind that borrowing for consumption is not right.
However, before you borrow for an investment you have to carefully analyze that investment. Analyze the worst case scenario and use the "risk-reward" concept. Also what do you fall back on if the investment fails, you know you still have to pay back the loan irrespective of the outcome of your investment right? So what do you do then that the investment has failed, how do you pay back the loan.

Personally, I won't borrow to invest in bitcoin (this is not a professional financial advise, just my opinion) and you don't need to. That's one reason that puts bitcoin high above other assets. You don't have to break the bank to make an investment. You can start small and see how things go from there.

[soramon]

The best option is having no debt. I dont really like have a debt because it will distract my mind. Especially take a loan for buying bitcoin is not good. Never gambling with something that probably can ruin your life. If the investment is turning to nothing you will end up with debt + loss.

[Davian144]

You can't say bitcoin investment is a bad debit , the investment is basically on what you understand and what you know of bitcoin, so therefore I believe bitcoin investment have to do with many things of advantages, basically someone who is investing in bitcoin have it mindset or plans it have in bitcoin

I think your statement is quite appropriate in terms of Bitcoin investment because Bitcoin is appropriate to be considered a good asset and of course also very good as a long-term investment for everyone who understands Bitcoin. This has been proven enough so far where there are many countries and certain parties who see Bitcoin as a good investment so they also invest in Bitcoin and there are even countries that have adopted it into legal payments.

Most people will say good or bad if he loses or profits, as we know that bitcoin is a high-risk type of investment, price movements are like a roller coaster so if we know the risks we can get, we will immediately panic when we see prices drop.

Profits and losses are two very close parts of an investment and it is clear that they cannot be separated as long as the price of the invested asset always increases and decreases. So it's only natural that there are pros and cons in investing, so these two things must really be understood so that everyone who invests doesn't experience excessive fear. Because it is part of the risk that is always in it.

[CarnagexD]

The best option is having no debt. I dont really like have a debt because it will distract my mind. Especially take a loan for buying bitcoin is not good. Never gambling with something that probably can ruin your life. If the investment is turning to nothing you will end up with debt + loss.

Right. A good debt is a debt that you can afford to pay. Investing your borrowed money in bitcoin is a bad debt because you wont know when youll be able to get the money back. Personally, i borrow money or do installments only for the purpose of maximizing the time value of money. When it comes to cryptocurrency, you should only risk money that you can afford to lose and I dont think that counts borrowed money.

[xSkylarx]

The best option is having no debt. I dont really like have a debt because it will distract my mind. Especially take a loan for buying bitcoin is not good. Never gambling with something that probably can ruin your life. If the investment is turning to nothing you will end up with debt + loss.

Right. A good debt is a debt that you can afford to pay. Investing your borrowed money in bitcoin is a bad debt because you wont know when youll be able to get the money back. Personally, i borrow money or do installments only for the purpose of maximizing the time value of money. When it comes to cryptocurrency, you should only risk money that you can afford to lose and I dont think that counts borrowed money.

But still, it isn't a bad debt because you are investing it, meaning you will profit from it if you invest it at the right time. It is not like it's our wants that we don't need it; we call it investments or business, just like trading; the problem is just the risk, so it is still including to good debts, but it doesn't mean that you'll take a loan now because it is a sure profit; you should also make sure that it is a calculated risk that you can repay your loan.

[Lorence.xD]

The best option is having no debt. I dont really like have a debt because it will distract my mind. Especially take a loan for buying bitcoin is not good. Never gambling with something that probably can ruin your life. If the investment is turning to nothing you will end up with debt + loss.

Right. A good debt is a debt that you can afford to pay. Investing your borrowed money in bitcoin is a bad debt because you wont know when youll be able to get the money back. Personally, i borrow money or do installments only for the purpose of maximizing the time value of money. When it comes to cryptocurrency, you should only risk money that you can afford to lose and I dont think that counts borrowed money.

But still, it isn't a bad debt because you are investing it, meaning you will profit from it if you invest it at the right time. It is not like it's our wants that we don't need it; we call it investments or business, just like trading; the problem is just the risk, so it is still including to good debts, but it doesn't mean that you'll take a loan now because it is a sure profit; you should also make sure that it is a calculated risk that you can repay your loan.

There's still no guarantee you will profit in a volatile system of Bitcoin. Even if you invest at a right time but when it changes its value to low then you will have a problem in your debt. That's why its considered as a bad debt, you can't rely your money if its borrowed to a "risk" its like you're saying that invest your debt to a luck. If you can pay it sooner or later, then borrowing money doesn't necessary if you have spare money for investing. He's right its common phrase when trading "invest what you can afford to lose". Maybe it might work to people who's already have lot of experiences and knowledges in loan and trading where he can simply use it to gain money, but if he's really good then he doesn't need to loan since he already have profit to invest. Therefore its still considered as bad debt with the risk that it involved in the situation.

[Mate2237]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Yes it is a good debt. Now from explanation, you said, bad debt is meant to buy things that would not bring any value income to the capital amount that has been spent. That it is used to acquire things that do not grow but stagnant even they have value in nature but not increasing.
While good debt is the one you borrow and used it to buy something that will increase the capital which means the money borrowed is not stagnant, it rising and falling investment and that is where bitcoin investment fall into.
Therefore using the borrowed money to buy bitcoin is not a bad debt but people are not advise to use borrowed money to buy bitcoin because of the risk involve in it.

[Kadal Ijo]

A good investment is one that we can fully control, many people save money in banks but when they want to take or transfer they have to wait for a queue and then it requires a very tedious long process, with bitcoin we can send $ 1 trillion or more in a few seconds.

[TheGreatPython]

Now from explanation, you said, bad debt is meant to buy things that would not bring any value income to the capital amount that has been spent. That it is used to acquire things that do not grow but stagnant even they have value in nature but not increasing.
While good debt is the one you borrow and used it to buy something that will increase the capital which means the money borrowed is not stagnant, it rising and falling investment and that is where bitcoin investment fall into.
Therefore using the borrowed money to buy bitcoin is not a bad debt but people are not advise to use borrowed money to buy bitcoin because of the risk involve in it.

Generally, that should also be considered a bad debt since the debt has a certain period after which you will need to repay it or the interest will keep building up, and if you invest the borrowed money in Bitcoin and the price drops and doesn't go up before that time reaches, you can't sell the Bitcoin as they are in loss and you can't pay the debt too.

That is why it is never a recommended practice to borrow money to make any investments, especially if it involves a significant amount of risk like cryptocurrencies. Even if you are planning to do business with borrowed money, you need to have a well-thought plan so you to not turn it into a bad debt.

[Mario Yamasaki]

In my opinion Bitcoin is a good investment and has the potential to continue to grow, the increasing number of users proves that Bitcoin is a future investment that will make us successful and rich. Maybe the price is very volatile but as long as we can be patient then we will profit.

[Tony116]

The best option is having no debt. I dont really like have a debt because it will distract my mind. Especially take a loan for buying bitcoin is not good. Never gambling with something that probably can ruin your life. If the investment is turning to nothing you will end up with debt + loss.

Right. A good debt is a debt that you can afford to pay. Investing your borrowed money in bitcoin is a bad debt because you wont know when youll be able to get the money back. Personally, i borrow money or do installments only for the purpose of maximizing the time value of money. When it comes to cryptocurrency, you should only risk money that you can afford to lose and I dont think that counts borrowed money.

But still, it isn't a bad debt because you are investing it, meaning you will profit from it if you invest it at the right time. It is not like it's our wants that we don't need it; we call it investments or business, just like trading; the problem is just the risk, so it is still including to good debts, but it doesn't mean that you'll take a loan now because it is a sure profit; you should also make sure that it is a calculated risk that you can repay your loan.

There's still no guarantee you will profit in a volatile system of Bitcoin. Even if you invest at a right time but when it changes its value to low then you will have a problem in your debt. That's why its considered as a bad debt, you can't rely your money if its borrowed to a "risk" its like you're saying that invest your debt to a luck. If you can pay it sooner or later, then borrowing money doesn't necessary if you have spare money for investing. He's right its common phrase when trading "invest what you can afford to lose". Maybe it might work to people who's already have lot of experiences and knowledges in loan and trading where he can simply use it to gain money, but if he's really good then he doesn't need to loan since he already have profit to invest. Therefore its still considered as bad debt with the risk that it involved in the situation.

Bitcoin, gold, or real estate... there is always a risk once invested. Borrowing for investment is not recommended but may also be considered case-by-case. When investing, don't just think about the profit, but think about the risk that we will face, if we can get rid of that loan, even if our investment fails, we may consider borrowing. Because sometimes, to be successful, you need to step out of your comfort zone and be willing to take risks. Do not follow someone or imitate others to do it, but consider your own ability.

[Wapfika]

Yes it is a good debt. Now from explanation, you said, bad debt is meant to buy things that would not bring any value income to the capital amount that has been spent. That it is used to acquire things that do not grow but stagnant even they have value in nature but not increasing.
While good debt is the one you borrow and used it to buy something that will increase the capital which means the money borrowed is not stagnant, it rising and falling investment and that is where bitcoin investment fall into.
Therefore using the borrowed money to buy bitcoin is not a bad debt but people are not advise to use borrowed money to buy bitcoin because of the risk involve in it.

The best example for the good debt is in real estate where some investors buys unit or properties thru bank loans and uses the rent of that properties to pay for it. Though it will requires collaterals or proofs that will determine that you're able to pay that loan. When it comes in Bitcoin if you're convince that Bitcoin future in having more profit is still possible then its good to invest in it but avoid the debt, just accumulate Bitcoin when you have some extra since where not sure when the price will rise again and the interest on your loan might be bigger.

[tygeade]

Generally, that should also be considered a bad debt since the debt has a certain period after which you will need to repay it or the interest will keep building up, and if you invest the borrowed money in Bitcoin and the price drops and doesn't go up before that time reaches, you can't sell the Bitcoin as they are in loss and you can't pay the debt too.

That is why it is never a recommended practice to borrow money to make any investments, especially if it involves a significant amount of risk like cryptocurrencies. Even if you are planning to do business with borrowed money, you need to have a well-thought plan so you to not turn it into a bad debt.

I would guess that people most likely do not realize that the return will diminish if you have to sell bitcoin. Just realize this, I could end up getting a loan today, and the loan could be for %8 back right? And bitcoin could be %10 profit per month lets say, that sounds like a profit?

Well in reality, the first month you sell your coins to pay it, and now you make much less, and each month after that you keep selling and make less and that is why you can't pay it back. There is no scenario where buying bitcoin with money you got from a loan makes sense. Buy something with it, buy silly stuff, have a good life, but do not invest, because you will end up with nothing in the end on top of that debt.

[concept2]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

So check it out, debts can either be dope or wack, depending on what you're using them for and your current situation. Like, if you're borrowing money to cop some assets that'll go up in value, then that's what's up, and it's good debt. Real estate and fancy metals are examples of that, 'cause they always get more expensive over time. But, investing in Bitcoin is a whole different story. That crypto coin is new and wild, and it's mad unpredictable. So, if you're borrowing money to invest in Bitcoin, that's straight up bad debt, even if it might get more valuable over time.

Now, in the Bitcoin world, heads always say never to borrow money to invest in it, 'cause it's so damn volatile. Investing in Bitcoin ain't for everyone, and you gotta be mad careful about it. You gotta know the tech and the market, and it's wise to chat with finance experts before you do anything.

The thing you're asking is whether borrowing cash to put into Bitcoin is a bad idea. The answer? Hell yeah, it's bad debt! But, if you do your homework, you can lower the risk and maybe even make some fat stacks. Just remember, investing in Bitcoin ain't for the weak-hearted. You gotta have some major cojones to handle this shiz!

[HajiBagi]

Debt is debt, you have to pay up anyway.

I don't care what you plan to use the money for, just pay back what you lend and you will be free, stupid people take loans and spent it on stupid things while the rich and smart people takes loan and use it for a greater course that could benefit them in future.

Still, even if you use loan money to invest in good business there is still a risk, the business might fail and been in good debt or bad debt will be meaningless, because a debt is still a debt.

Taking out a loan to invest in bitcoin is risky, but taking out a loan to start a business is not. When you take out a loan as a business owner, the first thing you do is decide what kind of business you will run to make money, and even if you don't make money right away, you won't lose the money you started with. A business can never fail if you set your goals correctly as a good business owner.
My point is that, while I don't see anything wrong with taking loan to launch a business, doing so to invest in bitcoin is very risky since you can't sell bitcoin whenever you want and sell products whenever you want to make profit

[Moeda]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

No. We do not recommend someone going into debt to invest. Volatility is inseparable in the crypto space, how do you say regardless of volatility. Bitcoin has a guarantee for the future, but who can guarantee that tomorrow the price of Bitcoin will increase.

If you separate two things between debt it is good for investing, and debt is bad for buying cars and the like. So we also have to separate the types of debt, debt that must be paid monthly, or debt that can be paid in an annual period.

OK, it can have a positive effect if we owe it and it can be paid within a year. Because it has an opportunity for us to reach the price of Bitcoin in the future. If we owe and must be paid every month, then it will make things difficult.

[Distinctin]

Before you borrow money, you should make calculations and be certain that you will be able to meet up to pay the loan before the expiration time. That is what I can define as good debt.

Although, buying assets and properties that their price and value appreciate with time is a wise choice.

For me, as long as you’re taking a debt for a profitable and productive purpose, I can say it’s a good debt since you are doing for a good outcome. But let us be reminded that a debt is always a debt, and taking debt for an investment is never advisable, as it’s still advisable to save first before you decide to invest.

[samcoin]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

As inflation is hitting hard every part of the world, I think borrowing money now should be a nice idea as the values of most national currencies are depreciating, so the borrower is supposed to be the beneficiaries while the depositors are supposed to be the losers. Undoubtedly, using the borrowed money for investment is a right decision, especially this time, as most assets are considered cheap due to inflation and product prices rising, so I recommend buying everything that had higher value in the past, because there's a possibility the current value isn't the right one due to the financial crisis we witness now. Definitely, taking a loan to buy Bitcoin should be a good debt because Bitcoin still has a long way of rising and appreciating considering its current market cap, and its performance over the past years. However, this isn't financial advice, it's just my opinion. If I were able to take a loan to buy Bitcoin now, I would buy without any doubt.

[Botnake]

I believe it’s a good debt as long as you can manage to pay your debt in time, and the fact that bitcoin investment is the most profitable investment at this time. The only way that it gets bad if you start investing it with a huge amount from a borrowed money and you end up losing them gradually because of your greed. And that made you totally broke in the end and now struggling where to find money to pay the loan.

[temple]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I think one important point to note when comparing good debt vs. bad debt and rich people vs. poor people is the possibility for interest amortization in regards to "good debt". It depends whether someone buys the house or some other asset for themselves or for their business or in case of a house, to rent it out. If renting out is the plan you can actually amortize interest payments for your loan by deducting it from your income. That is a big advantage, especially in times when interest rates are high or rising. Investing in real estate while keeping the status of the newly acquired estates such that you are eligible for deprecation and amortization is a big advantage compared to someone who has to pay the interest out of their own pocket.

In the case of Bitcoin it is risky, it is damn risky. Depending on where you live the interest rate terms differ in regards to their duration. If a bank offers you a certain duration for a pre-fixed interest rate and you sign the contract, you are subject to interest rate changes in the future if your contract expires and you have to find follow-up financing. Now who knows whether Bitcoin can go sideways for five years or not? I don't know. I don't think so but I don't know. If the interest rate is eating away from your initial investment, that would be bad and you would actually have made a bad deal. If it pays off, you won't complain. But making the Bitcoin investment a double-edged sword has the disadvantage I just described. If you buy it with money you have left over anyway, interest rates aren't a concern for you. But if Bitcoin doesn't make any moves and you have signed a high interest rate loan in the hope of Bitcoin soon going to the moon and it doesn't, you are in a bad spot.

If Bitcoin doesn't make a move, a high interest rate loan could get you into trouble. A real estate financed with a loan could as well, but you could at least rent out the house and live at mommy's or a friend's place. The Bitcoin you own won't get your very far in that moment.

It also depends on your risk appetite, the trust in your own abilities to switch gears to the next level, and your age, which more often that not is closely related to the first two aspects I mentioned. The older you get, the less risk appetite you usually have unless you are left without options anyway. But in that case I guess you wouldn't get a sizeable loan either.

[molsewid]

Before you borrow money, you should make calculations and be certain that you will be able to meet up to pay the loan before the expiration time. That is what I can define as good debt.

Although, buying assets and properties that their price and value appreciate with time is a wise choice.

For me, as long as you’re taking a debt for a profitable and productive purpose, I can say it’s a good debt since you are doing for a good outcome. But let us be reminded that a debt is always a debt, and taking debt for an investment is never advisable, as it’s still advisable to save first before you decide to invest.

Indeed, that's the stigma people believe that having a debt is a sin where in fact there is what we call good debt, even businessman and rich people still use this to support their needs even though they have enough funds. If you will use that debt to invest then there's no hard doing it. As long as you will pay for it and you will not run away from it and it will not broke you then it's good.

[bettercrypto]

If you know yourself that you can manage your borrowed money correctly and you can grow it, do it. However, if you do this without concern, the money you borrow will only be put at risk or go to nothing.

     What often happens is that instead of investing in bitcoin and holding it until the bull run comes, what happens is that it goes to personal luxuries based on my observation in other communities here.

[lienfaye]

If you know yourself that you can manage your borrowed money correctly and you can grow it, do it. However, if you do this without concern, the money you borrow will only be put at risk or go to nothing.

Aside from this, it's also important that you are not just relying on the investment that you'll be entering in to pay your debt. Always think of the worst that can happen because investing is risky, and have another plan just incase. It's a good debt if you'll use the money to make more money and would not use it for luxuries. However make sure that you have the capabilities to repay your debt even your investment didn't work well.

Anyway, dont borrow if you can just to invest, much better to use your own money when you invest so less stress in your part and you won't be pressured.

[wxa7115]

If you know yourself that you can manage your borrowed money correctly and you can grow it, do it. However, if you do this without concern, the money you borrow will only be put at risk or go to nothing.

Aside from this, it's also important that you are not just relying on the investment that you'll be entering in to pay your debt. Always think of the worst that can happen because investing is risky, and have another plan just incase. It's a good debt if you'll use the money to make more money and would not use it for luxuries. However make sure that you have the capabilities to repay your debt even your investment didn't work well.

Anyway, dont borrow if you can just to invest, much better to use your own money when you invest so less stress in your part and you won't be pressured.

Borrowing money with the intention of increasing the amount of money we can earn when we invest or trade is the same idea behind leverage, so if anyone is interested in doing something like this they could just learn more about leverage and how to use it instead of taking a loan from a bank.

Still people need to be very careful, most traders lose all their money even when they do not use leverage, then it is natural to assume those very same people cannot deal with leverage either, and the only thing they will be doing by implementing leverage on their trading strategy is to increase the speed at which they lose their money.

[Pejoh Asu]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

[19Nov16]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

..


I think lending money to invest in bitcoin is a good thing, the potential for the price of bitcoin will continue to rise because it has been proven so far, we can do opportunities to improve our lives and the future by taking risks, as long as we don't dare to take risks, our lives will not change. will improve but will continue to decline due to factors of subsistence needs and inflation that continues to occur.

[Twentyonepaylots]

If you know yourself that you can manage your borrowed money correctly and you can grow it, do it. However, if you do this without concern, the money you borrow will only be put at risk or go to nothing.

Aside from this, it's also important that you are not just relying on the investment that you'll be entering in to pay your debt. Always think of the worst that can happen because investing is risky, and have another plan just incase. It's a good debt if you'll use the money to make more money and would not use it for luxuries. However make sure that you have the capabilities to repay your debt even your investment didn't work well.

Anyway, dont borrow if you can just to invest, much better to use your own money when you invest so less stress in your part and you won't be pressured.

This is a good idea since if you are capable enough in terms of your salary to pay the loan that you invest, it is good debt to consider. You are paying the debt and over time the money you invest would take profit but take note that this does not guarantee anything. It is very risky to invest on crypto, but when it comes to bitcoin specifically, I can see its potential and I know that it can peak again in the future.

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

I agree, you really need to put yourself into situations with uncertainty to really progress as an individual and taking risk is one way to go. Know that higher risks will be the only one that could offer you higher returns. It takes a brave soul to take this step and I soon want to take this step to make my life be better.

[fadhilz123]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

It seems that the advice you give is a little unhealthy in my opinion. Because when you know that investing in Bitcoin is a risky job, why would you even tell other people to take loans and put them into investments that are clearly at risk?

This kind of suggestion is very strange in my opinion because some other people even forbid everyone not to invest with borrowed money, but you instead tell other people to do it without considering any pressure in terms of borrowing. Even though every loan is an obligation to be repaid and when a person has not benefited from his investment, where will he repay the loan?

Now try to think more logically even though everyone who wants to profit from Bitcoin must be willing to take risks by investing, but that does not mean that they have to advise everyone to take out a loan to do that. Because investing by forcing yourself is also not a good choice, but investing according to our capabilities is a wiser choice in my opinion.

[uswa56]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

It seems that the advice you give is a little unhealthy in my opinion. Because when you know that investing in Bitcoin is a risky job, why would you even tell other people to take loans and put them into investments that are clearly at risk?

This kind of suggestion is very strange in my opinion because some other people even forbid everyone not to invest with borrowed money, but you instead tell other people to do it without considering any pressure in terms of borrowing. Even though every loan is an obligation to be repaid and when a person has not benefited from his investment, where will he repay the loan?

Now try to think more logically even though everyone who wants to profit from Bitcoin must be willing to take risks by investing, but that does not mean that they have to advise everyone to take out a loan to do that. Because investing by forcing yourself is also not a good choice, but investing according to our capabilities is a wiser choice in my opinion.

that's very bad advice in my opinion but that's how people with different thoughts, whether they don't think logically or they are too sure that investment can be successful without any risks to be faced but it would be nice if big risks were taken enough for themselves without must recommend to others.

Debt is a risk especially when it is due to be paid, and no one knows for sure in the future Bitcoin, the price of Bitcoin moves fast enough to allow anything to happen and when the debt is due there is no guarantee that the price of Bitcoin will soar. do will benefit.

in terms of investing and also debt, we have to think clearly and have to think about all the possibilities that will happen.

[BVeyron]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Investing in BTC after borrowing is risky due to bank fees, which will most probably be higher than amount of earnings in fiat. As for long-term saving in BTC, then it is doubtable that it will raise up 10 fold or something like this, so such investments made up with borrowed money won't raise funds heavily, but will most probably be above zero. So, IMHO, BTC can be considered a good debt only if bank fees are not too high, in all the other cases it is closer to a bad debt...

[Jody.Drummer]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

I think in this case even though all actions must have real risks and must be faced, that does not mean that all behavior must be based on these risks.
Being in bitcoin is pretty good but it doesn't mean as if we just rely on that alone because this kind of thing is also not very good in my opinion.
Bitcoin is definitely a form of investment that is quite promising at the moment, but that doesn't mean that we have to depend all of our fate on Bitcoin. because indeed when something like this happens you will only be focused on profits later and when bitcoin crashes you can make your dependence falter which makes you feel cheated by it.
Invest properly and never assume that this is one of the beliefs that you can be really rich just by investing in bitcoin because the condition is that sometimes there are things that happen without us wanting.

[tjtonmoy]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

There's nothing to classify here. It is advised that you only invest what you can afford to lose. So borrowing money to invest in bitcoin is never a good strategy. I guess many people will still do this, but if you see their past, then you will have your answer. Some gets lucky, some doesn't. In order to get out of this situation, they take more loans, thus complicating their life even more.
Invest as much as you can afford, don't take loans and make your life hard. Bitcoin is a long term investment asset. So if you have the will to hold it for that long, then you can put money into this investment little by little for a long time. Actually, it is better to DCA for a long time to get the best result. That way, you can keep your money and your profits to yourself and never have to worry about borrowed money.

[abralzain17]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I think borrowing money to invest in Bitcoin is a good debt classification, because its value will continue to increase over time. but even though this investment is classified as good debt, we must not forget that investing in bitcoin is a step full of risks, this is due to uncertain or fluctuating market conditions. with the magnitude of the risk, we also need to understand the right way to invest by using borrowed money or debt.

[concept2]

...
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Time for the OG good debt vs. whack debt debate. Discuss what distinguishes them. Bad debts are when you buy cool furnishings or a new car without making money or increasing in value. However, good debts, like exquisite wines, improve over time, like investing in sick real estate or glamorous precious metals. Let's become political and ask, "Is Bitcoin a good or bad debt?" Some say it's a good debt because it might rise in value, while others think it's crazy due to crypto market instability. Keep it 100 and state borrowing money to buy Bitcoin should only be done after careful consideration of the risks and rewards. Keep it lighthearted and say, "Don't worry, dude—I got you! We can create our own cryptocurrency if Bitcoin drops! Create 'ChatCoin' and let it rain!"

[Doan9269]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

There's no good debt or bad debt, we need to make decisions on our own wether to risk taking a loan or not after considering the terms involved in taking the loan, if you defaulted and the consequences behind it, there's no limits to the extent they can claim vack their money even if it involves seizure of any of your asset, some loan don't change life for good but rather worsen it especially when repayment becomes a difficult task.

[mvdheuvel1983]

Person A may have borrowed money to invest in Bitcoin and may have made significant profit. Then you on the other hand see them, may decide to go and borrow money to invest in Bitcoin and it is at that time the Market crashes and then you run into significant loss. We must not put real estate investment, and Bitcoin investment together. One is supported by the government while the other is not. And while you may be safe with borrowing to invest in real estate, you will be in the danger zone if you do so with Bitcoin. With Bitcoin there's no good debt or bad debt. There's just debt. Avoid it.

[posi]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

This is true, it is necessary to step out of your comfort zone and face challenges to succeed. But you also need to carefully consider, evaluate and measure the level of risk you will face if your investment or business fails. I mean that you should only borrow enough money within your ability to pay and can not borrow an amount that is too large for your income. Because if the investment fails, you will be even more stuck when the amount of debt to pay is too large compared to your ability.

[ItsCrafty]

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Bitcoin investment is considered secure and it's also true that Bitcoin will increase after every dump But as far as borrowing is concerned, there are some drawbacks. Bitcoin price is volatile and we don't know the low price of Btc form where it will rise again. Let's suppose you took out a loan for one year in 2021 to buy btc when btc was above 50k. now you have to pay Now you have to repay your loan but you have not made profit yet and you have no other sources ti refund back then finally you will sell Btc in loss. Borrowing for Btc can be beneficial when you have other means of repaying the loan so if Btc did not rise in two years and you can hold strongly.

[Rockstarguy]

I think borrowing money to invest in Bitcoin is a good debt classification, because its value will continue to increase over time. but even though this investment is classified as good debt, we must not forget that investing in bitcoin is a step full of risks, this is due to uncertain or fluctuating market conditions. with the magnitude of the risk, we also need to understand the right way to invest by using borrowed money or debt.

It is good only if one is very sure to be able to pay back without being stressed and not  hoping that the loan will be payed from bitcoin profits. Some people take loan and think in a short time they will gain profits from bitcoin that can be used to pay their loan. Bitcoin is volatile and no one can tell when  profits is taking place,  if people are taking loan to pay back from their bitcoin investment I think it is not a good idea because the risk in it is so high. People should invest in bitcoin and should not depend on their investment in their own timing.     I only encourage taking loan to invest in bitcoin if only the repayment of the loan is for a longtime.

[Semar Mesem]

I think good debts, this is because the potential for this year's bitcoin is very good and promising, especially if we take a long-term loan for example 5 years then the opportunity for profit is very large, the main key to profit is being patient and not panicking when prices drop.

[Ucy]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

There are many poor people who invested their loan wisely likewise the rich. Ofcourse, I know some will wonder why they haven't become rich if they really invest their loan wisely. It is possible they are destined to be poor (being poor is not a bad thing, being needy is the issue), they have too many dependants and choose to live poor/humble life to be able to support others, etc
By the way, I wonder if it's OK to consider people who borrow to build private mansion, own exotic cars, watches etc as poor? There are many "rich" people in the world living this way with borrowed funds or money they don't deserve which is technically borrowed/stolen.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

You should only borrow to invest in Bitcoin & others if you are sure of paying back promptly with profit from your Bitcoin investment otherwise don't borrow, or use collateral while borrowing. Very few people are sure

[yohananaomi]

I think good debts, this is because the potential for this year's bitcoin is very good and promising, especially if we take a long-term loan for example 5 years then the opportunity for profit is very large, the main key to profit is being patient and not panicking when prices drop.

in your opinion it's good, if possible you can pay well the installments that must be paid, but if you can't afford to pay it will add interest to the principal of the debt and of course it will increase the debt, of course it won't be useful. Even though the debt is for buying bitcoins which you can be sure can provide benefits after the halving period, if you make it difficult for yourself so that it causes bad debts with increasing interest, of course it is not recommended to do that.
everything is also adjusted according to the situation from yourself, how to repay it, if you can still afford it, of course it is very profitable and I agree with you.

[andriarto]

I think good debts, this is because the potential for this year's bitcoin is very good and promising, especially if we take a long-term loan for example 5 years then the opportunity for profit is very large, the main key to profit is being patient and not panicking when prices drop.

in your opinion it's good, if possible you can pay well the installments that must be paid, but if you can't afford to pay it will add interest to the principal of the debt and of course it will increase the debt, of course it won't be useful. Even though the debt is for buying bitcoins which you can be sure can provide benefits after the halving period, if you make it difficult for yourself so that it causes bad debts with increasing interest, of course it is not recommended to do that.
everything is also adjusted according to the situation from yourself, how to repay it, if you can still afford it, of course it is very profitable and I agree with you.

right, everything must be measured on one's own abilities. taking on debt to buy bitcoin is not something simple, from our source of income to needs and installments every month, and maybe there are other needs. if it is felt that it does not interfere with our monthly living expenses it may not be a problem, assuming we buy bitcoin in installments, especially at prices that are currently very good for investing. but if without calculating it all, of course it can make a psychological attack on us

[Poker Player]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.
...
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

You forgot to say that, according to whoever popularized that definition, good debts give you positive cash flow, and that does not happen with Bitcoin, no matter how much return you get from capital appreciation, so it would be bad debt, also too subject to volatility.

When you have a loan you have to face payments every month, and a good debt would be for example that of a mortgage in which if you have to pay $400 a month, what the tenant pays you after deducting expenses is $500, so you have $100 of positive cash flow. With Bitcoin if it goes up a lot you can make partial sales, but there are also periods of bear market when it drops from $69K to $15, and if you have borrowed to buy when the price was at $60K or more, let's see how you manage to afford the payments.

Therefore, it is not a good idea to go into debt to buy Bitcoin, and although in principle we can consider that it is better debt than taking a loan to go on vacation, it is not good debt.

[Litzki1990]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

This is why everyone advises against investing in Bitcoin by taking a loan because Bitcoin investment is very risky. How will the investor repay his loan if the financial assets are severely damaged after investing in Bitcoin by borrowing money from others? 

It is normal to take small loans in the course of daily life.  Because those small loans will be needed in your daily life.  Those who do not take loans should take loans. But it is better not to invest by taking a loan in digital currency like Bitcoin. Investments should be made when you have sufficient funds to invest.

[KiaKia]

Finance is at stake here, and without a loan, the risk of failure is already high. Starting a business without a loan is risky, you can't predict what is going to happen one year later. If you invest in Bitcoin using a loan, something that is built on uncertainty, imagine getting the loan and the market crashing right after your purchase.

When the money is not yours, your mind will be uneasy, but if the money is yours, you can easily summon your courage and wait for the market to recover, even if it takes years. However, the loan must be repaid within a period of time.

[BALIK]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

If you are in business and lack capital, you can consider borrowing, or if you need money for living needs, borrowing is the right thing to do if there is no better solution. But borrowing money to invest, especially in a risky asset like bitcoin is discouraged. If you know you need to take risks to succeed, why don't you work harder to have some money to invest? Meanwhile, you are not trying to work to save but thinking of borrowing to invest. There is no 100% guarantee that a bitcoin investment will yield a return, and are you prepared for that?

[Smack That Ace]

I think borrowing money to invest in Bitcoin is a good debt classification, because its value will continue to increase over time. but even though this investment is classified as good debt, we must not forget that investing in bitcoin is a step full of risks, this is due to uncertain or fluctuating market conditions. with the magnitude of the risk, we also need to understand the right way to invest by using borrowed money or debt.

It is good only if one is very sure to be able to pay back without being stressed and not  hoping that the loan will be payed from bitcoin profits. Some people take loan and think in a short time they will gain profits from bitcoin that can be used to pay their loan. Bitcoin is volatile and no one can tell when  profits is taking place,  if people are taking loan to pay back from their bitcoin investment I think it is not a good idea because the risk in it is so high. People should invest in bitcoin and should not depend on their investment in their own timing.     I only encourage taking loan to invest in bitcoin if only the repayment of the loan is for a longtime.

Called debt means paying both principal and interest, so there will be no good debt or bad debt, I have never heard of the concept of good debt. Investing in bitcoin or borrowing money for business is not much different, I would not recommend anyone, even if it is a long term loan.
Only consider borrowing money when you have a steady source of income and plan to repay it on time, even if your investment doesn't turn out the way you expected. If you have no job, and no income, then even if that loan lasts 10 years, you will never be able to pay, and there is no guarantee bitcoin will make a profit. So it is very risky to borrow money.

[Latviand]

That depends, if you plan to use your bitcoin for trading and you don't have any skills in trading that can help you grow that loan then it's a bad debt but if you do have the skill or the loan isn't that restrictive and doesn't need to be paid anytime soon then it's a good debt, good or bad is just a matter of perspective, I think anyone can agree on that.

[Pierre 2]

I always supported the idea saying its bad debt if you use money to purchase things that you can't afford. Best debt is a debt that can generate you more money than what you will pay later. My personal favorite is to use credit cards to buy Bitcoin when its cheaper. Than I can close my debt through my wage later in that month. Most credit cards have great campaign/discount opportunities. Bitcoin is always good debt if you buy low sell high.

[Wong Gendheng]

In our lives we must have a strong principle, so that our future can be bright so we must dare to make decisions to invertate, as we know that cryptocurrencies are good opportunities for investment because of enormous profit opportunities and in a short time.

[Botnake]

I always supported the idea saying its bad debt if you use money to purchase things that you can't afford. Best debt is a debt that can generate you more money than what you will pay later. My personal favorite is to use credit cards to buy Bitcoin when its cheaper. Than I can close my debt through my wage later in that month. Most credit cards have great campaign/discount opportunities. Bitcoin is always good debt if you buy low sell high.

Actually, it’s always a bad debt regardless of your intention or goal, if you are not capable to pay or don’t have any source of income that will pay your debt. Be it bitcoin or not, as long as you don’t have a stable source of  income, investing bitcoin from taking a loan is very risky. However, if you have another investment that is working well, and can generate enough income to pay your debt, then it might be a good debt then if you use it to expand it start a new business.

[Moeda]

In my opinion, to change our lives for the better, we have to be willing to take risks, of course, everyone understands that the risk of investing in bitcoin is very high, but if we don't dare to take risks, we don't have a chance to get big profits. so in my opinion we have to be brave in investing in bitcoin even though we have to take a loan.

If we have a steady income to cover the loan, of course it's not a bad thing we take out a loan to invest in crypto. But if you don't have a regular income, this will make you dig two holes at once. Yes, if we look at the current market conditions it is more convincing to invest, but if the market is calm, does not show an up or down reaction, it will be more difficult for us to invest.

[cafee_orange]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

If lending money is only for the sake of investing in bitcoin, in my opinion, I don't agree, that's because it can be fatal if market conditions don't support it and of course it's a bigger risk, but if it's for investing in real estate, or precious metals, I really agree because there are visible objects. .
but to invest in bitcoin or other crypto it is better to use money that has nothing to do with loans or debt.

[hannahB4]

Though the definition you gave for bad debt is quite different from the accounting definition. Some loans will be for the long term and there are some short term, if one can take a loan for the long term and invest in Bitcoin, and when the time is ripe to return apart from the principal money you get profit then I will call that a good debt and vice versa bad debt.

[inthelongrun]

In the world of finance, bad debt has a different meaning. It means the borrower is not capable of paying their debts which may result in loss of money or any portion of it.

Now back to OP's point. I would never advise someone about borrowing money in order to invest in bitcoin. Usually, when we borrow money from banks, they will ask for the purpose. If your purpose is to buy bitcoin, then I can guarantee you that your loan application will be denied. Unless you are rich already with big deposits in your bank account which doesn't make sense or your payroll is big enough to pay your dues.

Bitcoin IMO is a good long-term investment but since we cannot guarantee its future, we should not borrow money just to invest in it. It is not even advisable to invest money that is not extra. And only part of your extra money or savings should be used to buy bitcoin. It is basic to have savings that you can withdraw anytime for emergency purposes.

[Lubang Bawah]

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

[Marvell1]

In the world of finance, bad debt has a different meaning. It means the borrower is not capable of paying their debts which may result in loss of money or any portion of it.

Now back to OP's point. I would never advise someone about borrowing money in order to invest in bitcoin. Usually, when we borrow money from banks, they will ask for the purpose. If your purpose is to buy bitcoin, then I can guarantee you that your loan application will be denied. Unless you are rich already with big deposits in your bank account which doesn't make sense or your payroll is big enough to pay your dues.

Bitcoin IMO is a good long-term investment but since we cannot guarantee its future, we should not borrow money just to invest in it. It is not even advisable to invest money that is not extra. And only part of your extra money or savings should be used to buy bitcoin. It is basic to have savings that you can withdraw anytime for emergency purposes.

Borrowing money for a purpose is not necessarily called completely bad, because in life, sometimes we will also have financial difficulties, and borrowing money is a solution. But borrowing money to invest in an asset volatile and uncertain future like bitcoin is actually a bad idea. If we can borrow money to invest in bitcoin, that means we can also sell our real assets to invest, and that goes against all the advice on this forum: "invest only what we can lose". Only invest in bitcoin with lazy money.

[Fara Chan]

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

How do you think that borrowing money from a bank will be good for investing in Bitcoin? Because in the country where I live now, people's business credit or in short KUR will not be given arbitrarily by the bank because they (the bank) always want to know what the customer's business is and where he lives. Have you ever found a bank that is willing to give random loans to everyone now?

Because in my opinion this is still very ridiculous if there are indeed banks that want to provide loans to customers who only want to use the money for Bitcoin investments. Trying is necessary especially with a good asset like Bitcoin, but it's not that silly either because when you only think about 5 or 10 years of price increases, you also shouldn't ignore the price drops that can happen at any time in Bitcoin. After all, the increase and decrease in the price of Bitcoin is a very uncertain thing when it will happen.

[blockman]

Borrowing money for bitcoin investment is of course a good thing,

You'll have to pay the interest of that borrowed money. What if you've loaned money to buy bitcoin just after the bull run and the bear market came? This is the worry that many are thinking about because a lot of people did that before and they did it on the wrong time.
Not saying that someone can just do it on the right time because you'll never know the circumstances that you'll be facing on the right time and if you'll be able to borrow money. We all believe that the price of bitcoin will rise for the next couple of years but still, you'll be taking a debt and you're obliged to pay for it while we're not yet profiting from the purchased bitcoin and you'll have to pay it with the fees and interests.

[Cling18]

Borrowing money for bitcoin investment is of course a good thing,

You'll have to pay the interest of that borrowed money. What if you've loaned money to buy bitcoin just after the bull run and the bear market came? This is the worry that many are thinking about because a lot of people did that before and they did it on the wrong time.
Not saying that someone can just do it on the right time because you'll never know the circumstances that you'll be facing on the right time and if you'll be able to borrow money. We all believe that the price of bitcoin will rise for the next couple of years but still, you'll be taking a debt and you're obliged to pay for it while we're not yet profiting from the purchased bitcoin and you'll have to pay it with the fees and interests.

Although it seems risky, investing borrowed money in Bitcoin is actually a fantastic option but we should never forget that the price of Bitcoin fluctuates too much, and the bullish season is never foreseeable. When it comes to investing in cryptocurrencies, it will be a better idea to use our hard-earned money or the money that we can only afford to lose because it is always crucial that we will be responsible in utilizing our borrowed funds and we have to make sure that we can pay it back on time. We won't know when we can take the desired goal profit if we invest our borrowed money in cryptocurrencies, which could result in even worse repercussions from the loaning and jeopardize our financial situation. I like the concept of saving money to invest to the idea of borrowing money to invest.

[crunck]

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

What do you have to prove? If you were sure about the future of bitcoin, how much did you invest in it? I would say that borrowing money to invest in bitcoin is the dumbest thing in the world. Bitcoin does indeed have upside potential, but there is no guarantee of that and we also need to take into account that it will crash in the future.

[bettercrypto]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

This is why everyone advises against investing in Bitcoin by taking a loan because Bitcoin investment is very risky. How will the investor repay his loan if the financial assets are severely damaged after investing in Bitcoin by borrowing money from others? 

It is normal to take small loans in the course of daily life.  Because those small loans will be needed in your daily life.  Those who do not take loans should take loans. But it is better not to invest by taking a loan in digital currency like Bitcoin. Investments should be made when you have sufficient funds to invest.

There is nothing wrong with taking a loan, now if taking a loan is a way to invest in bitcoin without any other source of income, it can be said that this is a wrong step that a person will take. Because the only thing that will happen is that the person who does it can only end up in debt.

       But if there is another source of income apart from being an employee or having a micro business, I think it's fine to borrow if the borrower's condition is like this. So, I hope we just put the use of debt or borrowing money in the right place.

[Moeda]

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

But the bank does not wait 5 to 10 years to collect the loan. They will come from the first month to ask for monthly bills. If the financial conditions are empty, of course we will sell Bitcoin assets. If the market is down, and we are forced to sell it, that's when we experience a loss. Don't think which is easier, think which is more difficult to be able to get easier results.

[axxo]

Bitcoin investment will only be a good debts if your investment generate well enough profit and you had settled your loan with the profit. It is consider bad debts if you loose from your investment and you had encountered problem on repaying your loan. Taking a loan just to invest in Bitcoin is very risky because you do not know if you will generate profit or not. Much better to invest only the amount that you can afford to loose. Evaluate your financial capacity before you invest in crypto currency so that you will not regret it if you loose all of your investments.

[blockman]

Borrowing money for bitcoin investment is of course a good thing,

You'll have to pay the interest of that borrowed money. What if you've loaned money to buy bitcoin just after the bull run and the bear market came? This is the worry that many are thinking about because a lot of people did that before and they did it on the wrong time.
Not saying that someone can just do it on the right time because you'll never know the circumstances that you'll be facing on the right time and if you'll be able to borrow money. We all believe that the price of bitcoin will rise for the next couple of years but still, you'll be taking a debt and you're obliged to pay for it while we're not yet profiting from the purchased bitcoin and you'll have to pay it with the fees and interests.

Although it seems risky, investing borrowed money in Bitcoin is actually a fantastic option but we should never forget that the price of Bitcoin fluctuates too much, and the bullish season is never foreseeable. When it comes to investing in cryptocurrencies, it will be a better idea to use our hard-earned money or the money that we can only afford to lose because it is always crucial that we will be responsible in utilizing our borrowed funds and we have to make sure that we can pay it back on time. We won't know when we can take the desired goal profit if we invest our borrowed money in cryptocurrencies, which could result in even worse repercussions from the loaning and jeopardize our financial situation. I like the concept of saving money to invest to the idea of borrowing money to invest.

I don't see it as a fantastic option because it's not really a good choice using loan money to buy a very, highly volatile asset as bitcoin. We don't want to get in debt and that's not the best option for the majority but if someone thinks that he's good with it and can survive then let him do his own take with that. But if the time comes that he's not able to pay the loan and he's only reliant to his profits in bitcoin, he'll for sure needing to do something with that and cover it with his other source of income if the market don't do great.

[romero121]

Most of the time our minds won't have control. We always prefer things for luxury and for the purpose of showing ourselves high in the society. Thi is one of the biggest issue that can be seen with the middle class people. This mentality needs to change and surely they'll be able to make good savings and invest for the betterment of life

In one of the animated video saw about how a rich and poor spend on clothing. Rich spend around $15 for his clothing, including shirt, trouser and for sneakers. For the same a poor spends around $200 as he buy branded ones. Finally when asked to find which is costlier people find rich person's clothing to be costlier. We should have the right understanding on spending.

[slapper]

Most of the time our minds won't have control. We always prefer things for luxury and for the purpose of showing ourselves high in the society. Thi is one of the biggest issue that can be seen with the middle class people. This mentality needs to change and surely they'll be able to make good savings and invest for the betterment of life

In one of the animated video saw about how a rich and poor spend on clothing. Rich spend around $15 for his clothing, including shirt, trouser and for sneakers. For the same a poor spends around $200 as he buy branded ones. Finally when asked to find which is costlier people find rich person's clothing to be costlier. We should have the right understanding on spending.

Absolutely, blowing stacks of cash on branded clothes? Nuts. Let's shift gears from material obsession to what counts: personal development and deep connections. But let's face it, the notion that the wealthy spend less on threads? Laughable. They've got the golden ticket to elite brands – a world beyond our wallets. Still, there's no crime in splurging on quality gear if it sparks joy. Balance, folks, that's the secret sauce. In short, ditch the wardrobe judgments, focus on crafting a life that's truly satisfying. Bam!

[bitgolden]

Most of the time our minds won't have control. We always prefer things for luxury and for the purpose of showing ourselves high in the society. Thi is one of the biggest issue that can be seen with the middle class people. This mentality needs to change and surely they'll be able to make good savings and invest for the betterment of life

In one of the animated video saw about how a rich and poor spend on clothing. Rich spend around $15 for his clothing, including shirt, trouser and for sneakers. For the same a poor spends around $200 as he buy branded ones. Finally when asked to find which is costlier people find rich person's clothing to be costlier. We should have the right understanding on spending.

Absolutely, blowing stacks of cash on branded clothes? Nuts. Let's shift gears from material obsession to what counts: personal development and deep connections. But let's face it, the notion that the wealthy spend less on threads? Laughable. They've got the golden ticket to elite brands – a world beyond our wallets. Still, there's no crime in splurging on quality gear if it sparks joy. Balance, folks, that's the secret sauce. In short, ditch the wardrobe judgments, focus on crafting a life that's truly satisfying. Bam!

I think there is a difference there for reasoning though. Sure if you are poor and you buy something you shouldn't spend that much money on when you do not need it makes sense, that is understandable.

However, lets say you need a new coat for the winter, and there is this expensive brand that gives something that goes on for a long time, durable, then you may end up buying it BECAUSE you are poor, better than keep buying a new shitty one. I bought a coat for nearly double what minimum wage was at the time, literally two months worth of salary at the time, obviously credit card so I paid it for 12 months but it was 2 months salary worth anyway. Silly right?

You think I am a moron for doing it? That same coat is the one I have been using for 9 winters now, 9! Which means that the price I paid for it at the time, is equal to less than a shirt today due to inflation and I will probably keep using it for at least another 9 winters by the looks of how great it is currently, not a single thing wrong with it after all these years, not one tear.

[Sanitough]

Borrowing money for bitcoin investment is of course a good thing,

You'll have to pay the interest of that borrowed money. What if you've loaned money to buy bitcoin just after the bull run and the bear market came? This is the worry that many are thinking about because a lot of people did that before and they did it on the wrong time.
Not saying that someone can just do it on the right time because you'll never know the circumstances that you'll be facing on the right time and if you'll be able to borrow money. We all believe that the price of bitcoin will rise for the next couple of years but still, you'll be taking a debt and you're obliged to pay for it while we're not yet profiting from the purchased bitcoin and you'll have to pay it with the fees and interests.

I don’t think borrowing money is the right option when one decide to invest without money on hand. Particularly for a risky investment like bitcoin, you cannot expect it to pay your loan’s interest and fees every month because you don’t hold guarantees as to when will you become profitable from bitcoin investment. In the end, you will only end up having another debt to pay your first loan. Though bitcoin is a wise investment, but I cannot advise anyone to invest in it from a borrowed money or funds.

[stomachgrowls]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

We cant really make out some conclusion but most like it would really be sitting on that good debt and as long you do know on how to repay those loans or borrowed money on time without compromising your finances

then i would definitely say that you wouldn't really be that a bad thing or decision to be made.It is really just that there are people who do took up the risks on unrealistic manner and does have some high hopes that their investment would pay off on short time which we know that it cant really be just that possible considering that this market is really that unpredictable. Speaking about debts or loans whether its a good one or not,
its not really that good to have loans at all or as much as possible. The fact that we could still able to make earn some income and you should really be that wise on making that extra
to go in the works or would really be having re-rolling.

It isnt really that necessary for you to take a loan first before you could really engage with some investment but if you do really find that it would really be that necessary for you to make
such step then it wouldn't really be that bad on taking some consideration on doing so or taking up some debts just as long you are really that responsible on what are the things
that you should settle once you do engage into it.

[Fatunad]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

We cant really make out some conclusion but most like it would really be sitting on that good debt and as long you do know on how to repay those loans or borrowed money on time without compromising your finances

then i would definitely say that you wouldn't really be that a bad thing or decision to be made.It is really just that there are people who do took up the risks on unrealistic manner and does have some high hopes that their investment would pay off on short time which we know that it cant really be just that possible considering that this market is really that unpredictable. Speaking about debts or loans whether its a good one or not,
its not really that good to have loans at all or as much as possible. The fact that we could still able to make earn some income and you should really be that wise on making that extra
to go in the works or would really be having re-rolling.

It isnt really that necessary for you to take a loan first before you could really engage with some investment but if you do really find that it would really be that necessary for you to make
such step then it wouldn't really be that bad on taking some consideration on doing so or taking up some debts just as long you are really that responsible on what are the things
that you should settle once you do engage into it.

Make debt as a good one and this could be done via investment and not really just buying up some cars, or liabilities which it doesnt really generate some potential income.This is the main
mistake of some people on where they do took up some loan just because they do like to buy on something and on the time where they would be needing to pay up, then this is where problem starts.
The golden rule about this is that you shouldnt really be take a loan which is something that you cant really afford to repay on time. You are really just molding yourself to be having
that problem which it would might result on being that getting stressed and being pressured specially when due date comes. Always be that sensible and realistic with your decisions in life.
Dont take a loan if it wasnt needed, and this is why it is really that sensible on having a savings on which its not really that just for emergency purpose but also this could be used
on buying up things that you do like which it doesnt really need to take loan from that.

[AmoreJaz]

Borrowing money for bitcoin investment is of course a good thing,

You'll have to pay the interest of that borrowed money. What if you've loaned money to buy bitcoin just after the bull run and the bear market came? This is the worry that many are thinking about because a lot of people did that before and they did it on the wrong time.
Not saying that someone can just do it on the right time because you'll never know the circumstances that you'll be facing on the right time and if you'll be able to borrow money. We all believe that the price of bitcoin will rise for the next couple of years but still, you'll be taking a debt and you're obliged to pay for it while we're not yet profiting from the purchased bitcoin and you'll have to pay it with the fees and interests.

I don’t think borrowing money is the right option when one decide to invest without money on hand. Particularly for a risky investment like bitcoin, you cannot expect it to pay your loan’s interest and fees every month because you don’t hold guarantees as to when will you become profitable from bitcoin investment. In the end, you will only end up having another debt to pay your first loan. Though bitcoin is a wise investment, but I cannot advise anyone to invest in it from a borrowed money or funds.

i won't advise anyone to take a loan just to invest in btc. that's true, you don't know if it will be profitable for you as you are also paying for the loan interest. you may very likely end up on the losing side here. also do take note that profitability depends on when will you cash out your investments. what if at the time that you need your funds, btc is down. which means, you need to sell below your buying price. so that's terrible situation to be in. no profits and yet you need to pay for the loan interest. you are just clearly wasting your time on this regard. so for me, this will fall as bad debt. so how you classify it is relative to your situation. you can't have concrete answer on this matter.

[MainIbem]

Is all of the above because you may borrow money to invest in bitcoin and it happens that the market appreciate to an extent it pumps so hard and you could get the borrowed money withdrawn from the investment, likewise borrowing money and the market went against you suddenly you are in debt of paying loans so you see, that is why is always encourageable for people to have alternatives means where they can hold to pay debt or otherwise depending solely on bitcoin might even give them a heart attack because is not a guaranteed investment.

[Fara Chan]

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

Your mind is still like a child who only remembers the good things but doesn't want to know how bitter it is to struggle to make money. I don't know how the banking system in other countries is in terms of providing loans, but for the bank system in the country where I live now, the bank will not provide any loans as long as the borrower does not have a clear business with regular monthly income. And besides, the bank where I live also does not immediately believe in the level of income from investments that are still at risk of loss, even though they may already know Bitcoin.

But the bank does not wait 5 to 10 years to collect the loan. They will come from the first month to ask for monthly bills. If the financial conditions are empty, of course we will sell Bitcoin assets. If the market is down, and we are forced to sell it, that's when we experience a loss. Don't think which is easier, think which is more difficult to be able to get easier results.

I even laughed inside at what he thought , and maybe he also never made any loan through a bank so he could easily suggest something like that to other people. Even though every loan at the bank has rules that bind each borrower to pay it monthly, not annually as he said. But somehow he thinks like that now, which is very illogical and really funny to me because he completely forgets about the risks of investing and only thinks about the benefits.

[Sexylizzy2813]

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

You have a point, OP because good debts can also contribute to one achieving wealth and happiness, helping to obtain something useful. But it can become bad when you take on too much that you can't handle or even pay back. Before you know it, it has become something you wish never happened, a big loss for you.

They say poor people have bad debts and rich  people have good debts.

Is not really true, as a matter of fact it all depends on the individual, poor people can have a good debt that can produce a positive result at the end and a rich man can have the opposition, is just a vise versa. We can't just say poor people have bad loan because they're poor and rich have good loan because they're rich and they have it all to make things right, no, I disagree.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

It has never been proper to borrow money because you want to invest even if it's Bitcoin, never forget that in business you just have to put it at the back of your mind that is a 50/50 thing, you don't have to win or gain always so that how it is.

As for classifying borrowed money to invest in Bitcoin as a good or bad debt, I'd say no to that. Borrowing to invest on Bitcoin can backfire, anything can happen so I don't support such.

[smile1218]

Bitcoin is not a debt instrument, so it cannot be classified as either good debt or bad debt. Debt refers to the money that is borrowed and must be repaid with interest, whereas Bitcoin is a digital asset that can be bought and sold on various exchanges or platforms.  Some people may choose to borrow money to invest in Bitcoin, which could potentially result in either good or bad debt depending on the outcome of their investment. If the value of Bitcoin increases they may be able to pay off their debt and make a profit. However, if the value of bitcoin decreases they may struggle to repay their debt and could potentially face financial difficulties.

[Kadal Ijo]

I think bitcoin investing is what will make us rich people, if we buy 1 btc now at around $27k and we hold it for at least another 15 years then we have a chance to become new millionaires when the price can reach $1.5 million, for those who are always afraid and pessimistic then his life will not be successful.

[slapper]

Bitcoin is not a debt instrument, so it cannot be classified as either good debt or bad debt. Debt refers to the money that is borrowed and must be repaid with interest, whereas Bitcoin is a digital asset that can be bought and sold on various exchanges or platforms.  Some people may choose to borrow money to invest in Bitcoin, which could potentially result in either good or bad debt depending on the outcome of their investment. If the value of Bitcoin increases they may be able to pay off their debt and make a profit. However, if the value of bitcoin decreases they may struggle to repay their debt and could potentially face financial difficulties.

That's quite a paradoxical scenario you've got there! While Bitcoin is not inherently a form of debt, it can be indirectly related to debt depending on the investor's choices. I liken it to a sandwich - the bread being the loan, the filling being the Bitcoin investment. A delicious, high-risk sandwich that could either leave you satiated or with a nasty case of indigestion.

Investing borrowed money in such a volatile asset is as if you're trying to ride a bull in a china shop; it might work out spectacularly well, or you could end up breaking every single piece of fine china in sight. Though, any form of investment should be made with caution. If you're borrowing to invest, always have a contingency plan in case the market doesn't swing in your favor.

[gaston castano]

Debt is debt, you have to pay up anyway.

I don't care what you plan to use the money for, just pay back what you lend and you will be free, stupid people take loans and spent it on stupid things while the rich and smart people takes loan and use it for a greater course that could benefit them in future.

Still, even if you use loan money to invest in good business there is still a risk, the business might fail and been in good debt or bad debt will be meaningless, because a debt is still a debt.

You are correct that debt must be repaid regardless of the purpose for which it was borrowed. It's important to be responsible with borrowing and to understand the risks involved. While it's true that some people may use loans for frivolous or unnecessary expenses, others may utilize them for investment or other ventures that could potentially yield positive returns.

[cydrix]

Each investment carries some risk. The idea behind bitcoin is that its value will increase. The market, however, differs from traditional markets where more precise predictions can be made. With the help of bitcoin and other cryptocurrencies, rapid changes were possible. As stated, it is better to invest in bitcoin and use the earnings to buy cars, homes, and other luxuries rather than spending money on cars and other luxury items to make life more comfortable.

The primary goal of most folks in my neighborhood is to own their own home. They eventually purchase a car and acquire some jewelry that comes in handy in an emergency. Currently, understanding is being spread slowly, and as a result, more people will start to choose investing over saving.

[Minecache]

Bitcoin is not a debt instrument, so it cannot be classified as either good debt or bad debt. Debt refers to the money that is borrowed and must be repaid with interest, whereas Bitcoin is a digital asset that can be bought and sold on various exchanges or platforms.  Some people may choose to borrow money to invest in Bitcoin, which could potentially result in either good or bad debt depending on the outcome of their investment. If the value of Bitcoin increases they may be able to pay off their debt and make a profit. However, if the value of bitcoin decreases they may struggle to repay their debt and could potentially face financial difficulties.

That's quite a paradoxical scenario you've got there! While Bitcoin is not inherently a form of debt, it can be indirectly related to debt depending on the investor's choices. I liken it to a sandwich - the bread being the loan, the filling being the Bitcoin investment. A delicious, high-risk sandwich that could either leave you satiated or with a nasty case of indigestion.

Investing borrowed money in such a volatile asset is as if you're trying to ride a bull in a china shop; it might work out spectacularly well, or you could end up breaking every single piece of fine china in sight. Though, any form of investment should be made with caution. If you're borrowing to invest, always have a contingency plan in case the market doesn't swing in your favor.

In my opinion, once we call it a debt, it means we must pay at all costs, and to pay the debt, we must earn money. So it can never be said that debt is good no matter what we use it for.

After all, bitcoin is just an investment like gold or stocks, and as an investment, there will always be risk, the higher the return, the higher the risk. So don't be too biased when saying that borrowing money to invest in bitcoin is good and all the rest is bad.

Borrowing money to invest is always a bad idea no matter where we invest because we can't be sure what will happen in the future.

[Webetcoins]

Bitcoin is not a debt instrument, so it cannot be classified as either good debt or bad debt. Debt refers to the money that is borrowed and must be repaid with interest, whereas Bitcoin is a digital asset that can be bought and sold on various exchanges or platforms.  Some people may choose to borrow money to invest in Bitcoin, which could potentially result in either good or bad debt depending on the outcome of their investment. If the value of Bitcoin increases they may be able to pay off their debt and make a profit. However, if the value of bitcoin decreases they may struggle to repay their debt and could potentially face financial difficulties.

You probably didn't read the opening post before writing this response, because it clearly asks if money is taken as a loan to buy Bitcoin, will that be considered a good debt or a bad debt? Things that are bought with borrowed money which provide nothing in return like consumable goods, etc. are considered bad debts because the money spent on these things is just gone, but when you use the borrowed money for something that in return provides you more than what you've put in, it would be called a good debt.

With that rule, Bitcoin will probably fall under good debts if it's bought at the right times since we know its price will eventually go up, so if we borrow $1k and invest in it and it goes up 50%, we will have $1.5k out of which $1k will go for the debt and the remaining amount minus commission is your profit.

[Litzki1990]

I think bitcoin investing is what will make us rich people, if we buy 1 btc now at around $27k and we hold it for at least another 15 years then we have a chance to become new millionaires when the price can reach $1.5 million, for those who are always afraid and pessimistic then his life will not be successful.

According to the current market price, if you buy 1 BTC and hold it for a long time, I understand that a good profit will come from it, but for a long period of 15 years. And very few people can keep this amount of money invested for such a long time. 
Most of the investors sell their investments as the market changes, resulting in no profit from the investment. But if a certain amount of BTC can be bought and held for a long period of time, then this small amount of investment will eventually turn into a much larger amount.

[MoonOfLife]

I think bitcoin investing is what will make us rich people, if we buy 1 btc now at around $27k and we hold it for at least another 15 years then we have a chance to become new millionaires when the price can reach $1.5 million, for those who are always afraid and pessimistic then his life will not be successful.

According to the current market price, if you buy 1 BTC and hold it for a long time, I understand that a good profit will come from it, but for a long period of 15 years. And very few people can keep this amount of money invested for such a long time. 
Most of the investors sell their investments as the market changes, resulting in no profit from the investment. But if a certain amount of BTC can be bought and held for a long period of time, then this small amount of investment will eventually turn into a much larger amount.

So why don't you sell your house to invest in bitcoin? And in just 15 years, you will have 3 to 5 more houses. When investing, we should also take into account the risk that we will bear in those 15 years of holding. Bitcoin offers high returns but doesn't forget it also has its risks. If anyone can be sure of its future, I will sell all my assets, I accept to rent, eat on the street to invest in bitcoin, if guaranteed.

[|MINER|]

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

Bro how to you guarantee that it is good things to to investment on Bitcoin by borrowing whether you know what will gonna happening in the future. And I really don't get it which bank will give you the easy loan for the trading ?! .
What you are saying it is really a High Risky things. It is true that there is a big chance of increasing price of bitcoin but it's not guaranteed so when you come for investment don't cross the limit what you are really can afford to loose. In fact, the words seem easy to say but in a practical sense it's not thaf easy.

[Bushdark]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Whether it's good debt or a bad debt, we should always be conscious when we are borrowing money from people. There are some funds we might borrow and we may not be able to pay back because of the addictive spirit that is behind the love for borrow. It is always important for us to try our possible best to invest for the broken time. Those who always invest will never lack so we need to try our possible best when we have surplus so we can utilize it in different investments that will give us a returns. The poor that do have sense or know how to go about there ways would never borrow money to spend on liability.

[Freddie Boyer]

Investing in Bitcoin has the potential to generate high returns, but it is a volatile asset and its value can fluctuate rapidly. I think Yes, borrowing money to invest in Bitcoin is a risky move, and whether debt is good or bad depends on a variety of factors.  On the other hand we are required to be smart here. For example, if you want to become an investor, you must be financially savvy, that is, have a solid investment plan, and be able to repay loans. Therefore, it can be considered default or in other words as bad debt if the investors are not financially stable or if they are unable to repay the loan in the event of a loss.

[Iadegbola34]

When it comes to borrowing money to invest in Bitcoin, there are a few things to keep in mind.

On the positive side, Bitcoin has a history of shooting up in value, and lots of people believe in its long-term potential. If you borrow money and invest it in Bitcoin, and things go well, it could be seen as a good debt. You could make some sweet returns and grow your wealth.

But here's the thing—Bitcoin can be a wild ride. It's known for its crazy volatility, which can happen pretty fast. So if you borrow money and invest it in Bitcoin, and things take a nosedive, that could be bad debt. You might find yourself in a tough spot, struggling to pay back what you owe.

Before taking the leap, you have to consider your risk tolerance, financial situation, and how much you know about investing in general. Take a look at the interest rates on the borrowed money, how much you're borrowing, and whether you can handle any potential losses.

Remember, it's always smart to avoid borrowing money that you absolutely can't afford to lose. Investments, including Bitcoin, come with risks, my friend. So think it through, maybe chat with a financial pro, and make a decision that fits your situation.

[redwine49]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

borrowing money? i don't think i recommend this.
instead you borrow money for xxx days the good way is you should play futures trading which you can buy or sell more bitcoin/altcoin without having them 100%.
And you can take 10x to 100x from your margin

[Texac]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

borrowing money? i don't think i recommend this.
instead you borrow money for xxx days the good way is you should play futures trading which you can buy or sell more bitcoin/altcoin without having them 100%.
And you can take 10x to 100x from your margin

It's crazy that you're against the idea of borrowing money to invest but offering advice on futures trading.  neither of these options is recommended as the risks are equally, even I would consider trading futures riskier than borrowing money to invest in bitcoin. borrowing money is already bad debt, never called good debt.  But getting a loan isn't so bad if you have a good plan, some outside source of income, and you can still repay that loan even if your investment is at risk.

[komisariatku]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc. ......
......
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I think good debt is for business capital. For a business that we do, not for investment anywhere, including in bitcoin.

Investments are a different area, their returns are uncertain, and tend not to be much, unless you keep the investment for a long time. Meanwhile, you always have to pay the debt every month. Make sure that you get income every month from your debt. That's a good debt

If you have a job with a good salary, and you want to invest then debt is not a good way. You simply pool the money and invest it.

[MFahad]

You are right that taking loan for buying something that permit you something useful in return is a sagacious way but taking loan and enter into the risky root will not increase your credit but instead it will become an origin of your stress so you will need an excessive amount that you will have to return to the owner. I don't say that due to fear of lossing leave the way of success but I want to say that if you don't know about bitcoin and don't have any experience about it then take steps towards it by using your own money may be little or more and once you learn well then getting loan will not be a big deal as you will be fully prepared how to multiply money and how to invest suitably under right duration.

[jrrsparkles]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

borrowing money? i don't think i recommend this.
instead you borrow money for xxx days the good way is you should play futures trading which you can buy or sell more bitcoin/altcoin without having them 100%.
And you can take 10x to 100x from your margin

Futures trading is more risky than what OP suggested and I would never recommend anyone to go with futures trading.

Don't take a loan unless you have that money in bank account that's how the rich people utilise the loan to make more money. For example a million dollar worth of real estate property can generate 10 ir 20K monthly in revenue and the millionaire already have that money in their bank account but they won't pay it whole and buy, they will take a loan to buy that property and will pay the mortgage from the revenue coming from property so in few years the assets will be their own but they bought without anything.

[DanWalker]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc. ......
......
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I think good debt is for business capital. For a business that we do, not for investment anywhere, including in bitcoin.

Investments are a different area, their returns are uncertain, and tend not to be much, unless you keep the investment for a long time. Meanwhile, you always have to pay the debt every month. Make sure that you get income every month from your debt. That's a good debt

If you have a job with a good salary, and you want to invest then debt is not a good way. You simply pool the money and invest it.

Investment and business are not much different, both may succeed or fail, so it is impossible to call borrowing money to do business a good debt, and borrowing money to invest is bad debt. When you start a business, even if you have a good idea, a perfect plan… there is no guarantee that everything will go according to plan. If business were as easy as you think, many people would not accept being employees, and everyone would become entrepreneurs instead.

If you have a job with a good salary, I would advocate taking a loan to invest because even if that investment fails, you can easily pay back the loan. Saving money to invest is not bad, but opportunities will not wait for you, so if you have a good income and opportunities are in front of you, borrowing money to invest is not too scary.

[panganib999]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

This topic has been worn down countless times, although it is a very welcome one as it talks about the difference between what poor people use debts for vs what the rich people would use their debts out of.

Simply put, if you've read Rich Dad Poor Dad by Robert Kiyosaki, you'd be well informed that poor people go on debt for liabilities, while rich people go on debt for assets. Poor people take loans and buys stuff that would make them look rich, cars, better house, phones, the latest gadgets and clothes, all that stuff. And when the rainy day comes, they don't have money left for themselves, they're forced to either take out another loan or sell these purchased items which have already diminished in value, and then the cycle continues.

Rich People on the other hand, buys stuff that would make them really rich. properties, commodities, stocks, bonds, anything that appreciates in value, a Rich man would buy it. Now, the magic happens when they take out a loan, as they are essentially making the bank pay for their capital, to make them profit. They take out these massive loans not to buy the latest gadgets and all that, but to buy multiple points of profit that they will then use to pay off the debts they owe the bank, and then from there they basically start smooth sailing.

[Bitcoin2009]

Investment promises big profits, and in my opinion now is the right time to buy immediately, many people are afraid to invest in bitcoins because they don't have money, they can sell assets such as houses or cars to buy bitcoins, if we are patient and don't panic then we have a chance to get big profit ahead of halving day.

[Maidak]

Investment promises big profits, and in my opinion now is the right time to buy immediately, many people are afraid to invest in bitcoins because they don't have money, they can sell assets such as houses or cars to buy bitcoins, if we are patient and don't panic then we have a chance to get big profit ahead of halving day.

Your advice is crazy, it's even a thousand times worse than what OP is referring to. I wonder did you do that? Have you sold your house or sold your car to buy bitcoin? Why are you giving such stupid advice to people? I bet you don't know anything about bitcoin and what you're talking about. If newbies read your advice, it will be bad if they follow it.

[siniminomorocomunisakito]

Investment promises big profits, and in my opinion now is the right time to buy immediately, many people are afraid to invest in bitcoins because they don't have money, they can sell assets such as houses or cars to buy bitcoins, if we are patient and don't panic then we have a chance to get big profit ahead of halving day.

While those who are strong in mathematics in terms of reading the future opportunities in terms of investing may choose to sell their assets, such as houses or cars, to invest in Bitcoin, however, this decision should be made after evaluating one's financial situation, tolerances, and long-term goals. accurately. About Predictions of future gains I think No investment is guaranteed to generate significant returns despite Predictions of future returns or the impact of events such as "halving days"

[redwine49]

borrowing money? i don't think i recommend this.
instead you borrow money for xxx days the good way is you should play futures trading which you can buy or sell more bitcoin/altcoin without having them 100%.
And you can take 10x to 100x from your margin

It's crazy that you're against the idea of borrowing money to invest but offering advice on futures trading.  neither of these options is recommended as the risks are equally, even I would consider trading futures riskier than borrowing money to invest in bitcoin. borrowing money is already bad debt, never called good debt.  But getting a loan isn't so bad if you have a good plan, some outside source of income, and you can still repay that loan even if your investment is at risk.

yeah why not. ofcourse this is very high risk, but many people did it because Short term debt is cheaper than long term debt.
so It's high risk but it's very fast to get some money to pay our bill

[Blowon]

but whatever it is, if it's debt then we have to pay it at the right time. the problem is if we use debt to invest, will it be able to return on investment while we ourselves know we have to pay it at the right time plus the interest that has been agreed upon. well I think debt is not good, someone owes is due to a sudden need that is sure one day it will be able to return it.

[xSkylarx]

but whatever it is, if it's debt then we have to pay it at the right time. the problem is if we use debt to invest, will it be able to return on investment while we ourselves know we have to pay it at the right time plus the interest that has been agreed upon. well I think debt is not good, someone owes is due to a sudden need that is sure one day it will be able to return it.

Debt is good if you use it right. Just imagine you really needed money for medical or hospitalization expenses and your money was not enough. How would you solve it? Either you ask for money for free or you just borrow money and pay it back as soon as possible, so still, it is a good debt as the purpose of it is for good, but again, no one in the world wants debt; they just don't have a choice as they don't have money, but if they have enough money for sure, they don't want to get into debt.

[kojektea]

Some people may have a mature investment strategy, sufficient knowledge about Bitcoin, and be able to manage risks well. For them, borrowing money to invest in Bitcoin may be considered good debt if they plan carefully, weigh risks wisely, and have a sound financial management plan in place.

Before making the decision to borrow money to invest in Bitcoin, it is advisable to consult a financial expert or investment advisor who can provide advice that suits your financial situation and investment goals.

[lienfaye]

but whatever it is, if it's debt then we have to pay it at the right time. the problem is if we use debt to invest, will it be able to return on investment while we ourselves know we have to pay it at the right time plus the interest that has been agreed upon. well I think debt is not good, someone owes is due to a sudden need that is sure one day it will be able to return it.

I don't agree that debt is not good because it depends on the reason why we have to do it. Like the title says there are good and bad debts. If you're a wise person and would like to use the money to gain that would be better. As i've said before you need to have a back up plan just incase, so you're still able to pay your debt even you didn't gain from the investment where you spend the borrowed money. On the other side, asking for loan for your wants are the bad debts, but some people are not thinking if it's really worth it to take a loan just for this.

Well, probably even once in our lives we're also in a situation that we have to take a loan for a certain reason even we don't want to. But as long as you're not going to runaway and able to pay on time then it's fine. Just be responsible otherwise don't take a loan.

[kro55]

but whatever it is, if it's debt then we have to pay it at the right time. the problem is if we use debt to invest, will it be able to return on investment while we ourselves know we have to pay it at the right time plus the interest that has been agreed upon. well I think debt is not good, someone owes is due to a sudden need that is sure one day it will be able to return it.

I don't agree that debt is not good because it depends on the reason why we have to do it. Like the title says there are good and bad debts. If you're a wise person and would like to use the money to gain that would be better. As i've said before you need to have a back up plan just incase, so you're still able to pay your debt even you didn't gain from the investment where you spend the borrowed money. On the other side, asking for loan for your wants are the bad debts, but some people are not thinking if it's really worth it to take a loan just for this.

Well, probably even once in our lives we're also in a situation that we have to take a loan for a certain reason even we don't want to. But as long as you're not going to runaway and able to pay on time then it's fine. Just be responsible otherwise don't take a loan.

Borrowing is not all bad, but it should be avoided and kept to a minimum because borrowing can sometimes lead to worse crises. As for borrowing money to invest in bitcoin, I don't think it's a wise idea even if you have a perfect plan because you're also not sure things will turn out the way you want them to. Borrowing money to invest in bitcoin should only be considered when you have one or more other sources of income, and you can still repay those loans regardless of the outcome of the investment.

[smile1218]

Bitcoin investment can be both good and bad debts, depending on how it is managed. Investing in bitcoin can be a good debt if it is done responsibly and with a long term perspective. Bitcoin has shown to have a high potential growth, and investing in it can be a way to diversify ones portfolio and potentially earn a good return on investment. Bitcoin investment can be a bad debt if it is done impulsively or without proper knowledge. Bitcoin is a highly volatile asset and its value can fluctuate rapidly. Investing too much or without a clear understanding of the market can lead to significant losses and financial trouble. Investing with borrowed money to invest in bitcoin can be risky and increase the likelihood of accumulating bad debt.

[redwine49]

but whatever it is, if it's debt then we have to pay it at the right time. the problem is if we use debt to invest, will it be able to return on investment while we ourselves know we have to pay it at the right time plus the interest that has been agreed upon. well I think debt is not good, someone owes is due to a sudden need that is sure one day it will be able to return it.

I don't agree that debt is not good because it depends on the reason why we have to do it. Like the title says there are good and bad debts. If you're a wise person and would like to use the money to gain that would be better. As i've said before you need to have a back up plan just incase, so you're still able to pay your debt even you didn't gain from the investment where you spend the borrowed money. On the other side, asking for loan for your wants are the bad debts, but some people are not thinking if it's really worth it to take a loan just for this.

Well, probably even once in our lives we're also in a situation that we have to take a loan for a certain reason even we don't want to. But as long as you're not going to runaway and able to pay on time then it's fine. Just be responsible otherwise don't take a loan.

the bank that gives the loan also knows about it. from monthly income to expenses. they chase after you when your income is high like a free credit card.
Viewed from any angle debt is not good. and banks prefer to provide debt to entrepreneurs

[Kadal Ijo]

Bitcoin investment promises big profits so we have to be brave to invest, unfortunately many people don't have money to invest, the last option is of course to dare to take on debt, if we dare to take on debt now then the opportunity for profit is very large because early 2024 there will be a halving that will make we get big profit.

[MarjorieZimmermanGinger]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

There are many people around me who buy cars to transport vegetables and other goods to the market to sell, do you think this kind of loan is not productive?

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

I think when people take loans they need to think about how to generate finances on a regular basis, so that there are no problems with monthly fees with the lender. Taking out a loan to buy Real Estate, precious metals and commodities is not a small number and this kind of loan pattern cannot be done by people who do not have regular income.

They say poor people have bad debts and rich  people have good debts.

Wealthy people take loans to build existing businesses and invest as you mentioned above, so there's no big problem for them with loans. Whereas poor people take loans to build a business from scratch and as a result when the business is not going well they will have big problems related to loans.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Loans that are good or bad only the person himself knows, when you try to take out a loan to make an investment, the question is how do you pay off the loan debt if you have no other source of income besides investing. To me the basis for this type of loan is very poor because we all know the volatility of Bitcoin prices is very erratic.

[Inwestour]

Borrowing is not all bad, but it should be avoided and kept to a minimum because borrowing can sometimes lead to worse crises. As for borrowing money to invest in bitcoin, I don't think it's a wise idea even if you have a perfect plan because you're also not sure things will turn out the way you want them to. Borrowing money to invest in bitcoin should only be considered when you have one or more other sources of income, and you can still repay those loans regardless of the outcome of the investment.

Perhaps this is the only case in which you can take out a loan to buy bitcoin, but you need to be sure that bitcoin is at the very bottom, and this confidence should be very large.

Only to get bitcoin at the lowest price when you have the ability to repay the loan from other sources of income. But if you make a mistake with the entry point and pay off the loan all this time, and the price of bitcoin continues to fall, then it turns out that the strategy turned out to be wrong and in the end you bought bitcoin more expensive than you could, and you will also need to take into account the overpayment that you made on credit.

[redwine49]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

There are many people around me who buy cars to transport vegetables and other goods to the market to sell, do you think this kind of loan is not productive?

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

I think when people take loans they need to think about how to generate finances on a regular basis, so that there are no problems with monthly fees with the lender. Taking out a loan to buy Real Estate, precious metals and commodities is not a small number and this kind of loan pattern cannot be done by people who do not have regular income.

They say poor people have bad debts and rich  people have good debts.

Wealthy people take loans to build existing businesses and invest as you mentioned above, so there's no big problem for them with loans. Whereas poor people take loans to build a business from scratch and as a result when the business is not going well they will have big problems related to loans.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Loans that are good or bad only the person himself knows, when you try to take out a loan to make an investment, the question is how do you pay off the loan debt if you have no other source of income besides investing. To me the basis for this type of loan is very poor because we all know the volatility of Bitcoin prices is very erratic.

agree with you. Good depts and Bad debts only they know what is best for themselves.
if you have fixed income it's okay if we take loan to make more money which they choose is the best for them.
if they fail, they will learn and take lessons to find out what went wrong

[AnonBitCoiner]

I think bitcoin investing is what will make us rich people, if we buy 1 btc now at around $27k and we hold it for at least another 15 years then we have a chance to become new millionaires when the price can reach $1.5 million, for those who are always afraid and pessimistic then his life will not be successful.

Saying this that bitcoin will make you rich is easy but when a person initiate the journey of success through bitcoin then there will be lots of sacrifices which is needed to reach the destination. I don't think that just putting money in Bitcoin can make you rich but with using money as well as using your expertise, Knowing, and making your own research are all crucial things for success.

It is true that for success one should accept the risk and it is also true that bitcoin is not always a good investment option for all the users, sometimes it goes more up and investor get the benefit and on the other hand it does not go up for years and people get afraid of losing money so they prefer to sell bitcoin at risk to avoid more losses.

[bayudndy]

When you borrow money, especially for an investment, there is a time constraint and a sense of urgency to repay the loan, regardless of market conditions. When it comes to investing in Bitcoin, there is always an inherent level of risk. Borrowing for investment increases that risk, as it introduces an additional financial obligation in the form of loan repayment. Although there have been cases where individuals borrowed money to invest in Bitcoin and achieved substantial profits, But if the market crashes or goes through a prolonged decline, you may have trouble paying back your loan while your investment loses value.

[IvugeoEvolutionCoin]

When you borrow money, especially for an investment, there is a time constraint and a sense of urgency to repay the loan, regardless of market conditions. When it comes to investing in Bitcoin, there is always an inherent level of risk. Borrowing for investment increases that risk, as it introduces an additional financial obligation in the form of loan repayment. Although there have been cases where individuals borrowed money to invest in Bitcoin and achieved substantial profits, But if the market crashes or goes through a prolonged decline, you may have trouble paying back your loan while your investment loses value.

If someone is thinking of borrowing money and investing, then I would say that it is not right to borrow money and invest. After borrowing money and investing in bitcoin, if the market of bitcoin crashes, the investor will have to face a big loss. If the borrowed money is not returned at the right time.  If he can, there will be a possibility of having a big problem. So I think it is never right to invest with debt. We should stay away from investing with debt.

[MarjorieZimmermanGinger]

agree with you. Good depts and Bad debts only they know what is best for themselves.
if you have fixed income it's okay if we take loan to make more money which they choose is the best for them.

Basically only individuals are able to recognize the good and bad of a loan because they can better control the need to take out a loan as a business support. There are times when some people cannot see the potential of the loan they are taking and don't know what the loan is used for, so they are stuck with an unproductive loan and eventually cause problems in paying off the loan.

For me, it's okay to take a loan as long as you know what it's used for and the priority scale is needed so that someone doesn't get caught up in unproductive and priority loans, it is this scale that needs to be considered so that making an assessment of the loan is not so excessive.

if they fail, they will learn and take lessons to find out what went wrong

This is where they must know the impact of the loan and must have the ability to control problems that will arise. Everyone must have experienced failure in their life, but loans should not be considered a joke if you do not have a special plan to support your business.

[usekevin]

When you buy the car with the loan,it’s not a good idea.You have to learn the value of money and earn the money to buy a new car.If you buy car with loan,it’s not a like one.You will lose the good value of the money,it kill make you to get some more loan to pay the interest of the car.When you buy car with full settlement,you can do save of money which was spend as the unwanted interest due to the bad loan.Create your own paradise with your own earned money to buy the car to the Palace.

[Quidat]

When you buy the car with the loan,it’s not a good idea.You have to learn the value of money and earn the money to buy a new car.If you buy car with loan,it’s not a like one.You will lose the good value of the money,it kill make you to get some more loan to pay the interest of the car.When you buy car with full settlement,you can do save of money which was spend as the unwanted interest due to the bad loan.Create your own paradise with your own earned money to buy the car to the Palace.

There are lots of people who are really that buying tons of possible things end up on being liabilities rather than on going on investment or simply with assets on which they would really be just realizing
things then they do really come into a point on which they shouldnt be having making such decision but instead they would really be focusing more on  investing and making out some business.
Its not bad to have a car or some things that we do really like or want to buy but in the sense that you are already just focusing into that point then we should really be avoiding it.
Speaking about debts then there are indeed good and bad ones on which the bad ones would be pertaining into those car loans and mortgages which it doesnt really give out any income
or source and the good ones are to those amounts which its been applied on a business or simply that could generate income.

[Mame89]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Actually, being in debt to invest in bitcoin can be said to be good or bad depending on how you react to it. Because sometimes we have to get out of our comfort zone and take risks to achieve things we believe by going into debt we can overcome problems and have good prospects for changing our finances in the future. Because there are situations where borrowing money can be beneficial and even necessary. For example, investing in bitcoin at low prices and you think this is the right moment. In cases like this, loans can be things that help us achieve our goals and provide opportunities to improve our financial condition later.

However, we still have to carry out a careful evaluation when making decisions and of course based on your own circumstances and needs. because every time we owe it means we have to pay back the amount borrowed, usually with additional interest. This can cause a serious financial burden if you can't manage it properly and correctly.

So before borrowing money, it would be nice for us to carefully consider making the right decision based on your needs and what you can afford to pay on time. One more thing, borrow money according to our income, don't exceed your income, especially without any income at all, this is not very good for making loans.

[nlovric]

Bitcoin investment can be both good and bad debts, depending on how it is managed. Investing in bitcoin can be a good debt if it is done responsibly and with a long term perspective. Bitcoin has shown to have a high potential growth, and investing in it can be a way to diversify ones portfolio and potentially earn a good return on investment. Bitcoin investment can be a bad debt if it is done impulsively or without proper knowledge. Bitcoin is a highly volatile asset and its value can fluctuate rapidly. Investing too much or without a clear understanding of the market can lead to significant losses and financial trouble. Investing with borrowed money to invest in bitcoin can be risky and increase the likelihood of accumulating bad debt.

Depending on how it is handled investing in bitcoin can lead to both positive and bad debts. The possibility for growth and portfolio diversification make bitcoin investments a good debt when handled wisely and with a long term perspective. However because to its extreme volatility impetuous or ignorant investments in bitcoin can result in bad debt. Changes in the value of bitcoin might result in large financial losses especially if you invest without having a firm grasp of the market. Borrowing money to invest in bitcoin further compounds risks and raises the possibility of racking up bad debt. Avoiding an undue reliance on borrowed money for speculative investments like bitcoin is a key component of prudent financial planning. It is essential to undertake in depth research consult with industry professionals and take one financial situation into account in order to successfully navigate the market and reduce risks.

[bestcoins1]

Actually, being in debt to invest in bitcoin can be said to be good or bad depending on how you react to it. Because sometimes we have to get out of our comfort zone and take risks to achieve things we believe by going into debt we can overcome problems and have good prospects for changing our finances in the future. Because there are situations where borrowing money can be beneficial and even necessary. For example, investing in bitcoin at low prices and you think this is the right moment. In cases like this, loans can be things that help us achieve our goals and provide opportunities to improve our financial condition later.

Debt won't last forever either, it can be good and can help someone's finances in the hope of getting a profit through their investment. Because no one will know how market conditions will go in front of them later and the certainty of getting profits is always uncertain through investment even if it's in a fairly good asset. Debt is only more suitable for those who have run their business permanently and still want to open their business branches in other places more broadly so they have to take out loans or owe other people to be able to open more businesses.

However, we still have to carry out a careful evaluation when making decisions and of course based on your own circumstances and needs. because every time we owe it means we have to pay back the amount borrowed, usually with additional interest. This can cause a serious financial burden if you can't manage it properly and correctly.

Those who owe it clearly have to pay it at a predetermined time, although there are also people who are indeed late paying it after being in debt. Whether it was intentional or not, what is clear is that he has to pay it to the party that has given him the debt even without interest. But what is more commonly found in the environment of life is that there is interest on everyone who owes it, but if you have ever owed someone with no interest applied to your debt, it means you are really lucky.

So before borrowing money, it would be nice for us to carefully consider making the right decision based on your needs and what you can afford to pay on time. One more thing, borrow money according to our income, don't exceed your income, especially without any income at all, this is not very good for making loans.

That is why in my comment above I said that debt is more suitable for those who have opened a business with a very well-established income, of course. So they won't be wrong if they want to incur debt to someone to expand their business in several places because they can pay it through the income from their first business. Whereas those who invest with debt capital will definitely find it very difficult to pay it if there is no income from other sectors in their lives so they are absolutely not suitable for making debt in any form.

[Nwada001]

When you buy the car with the loan,it’s not a good idea.You have to learn the value of money and earn the money to buy a new car.If you buy car with loan,it’s not a like one.You will lose the good value of the money,it kill make you to get some more loan to pay the interest of the car.When you buy car with full settlement,you can do save of money which was spend as the unwanted interest due to the bad loan.Create your own paradise with your own earned money to buy the car to the Palace.

Buying a private driving car with a loan is actually one of the worst ideas anyone will ever have because the expenses won't allow the person to gather enough money to pay back that loan, unless the loan is being offered by the employee of the borrower, when such a loan could be considered useful since it could be as a result of the person's transportation expenses, which will reduce, and the loan amount will be deducted from their monthly payment.

Another time a car loan could also be considered useful is if the person taking the loan has something to do and the car bought using the loan is to be used for transportation business, then it can't be considered useless since it's not a car bought to be used to settle pleasure but for business, which could be used to raise funds and the debt could possibly be paid back.

But either way, loans should be avoided if possible. Someone who owns a loan to me is considered a free man, but someone who is in bondage to its lender is not.

[Mahanton]

When you buy the car with the loan,it’s not a good idea.You have to learn the value of money and earn the money to buy a new car.If you buy car with loan,it’s not a like one.You will lose the good value of the money,it kill make you to get some more loan to pay the interest of the car.When you buy car with full settlement,you can do save of money which was spend as the unwanted interest due to the bad loan.Create your own paradise with your own earned money to buy the car to the Palace.

Buying a private driving car with a loan is actually one of the worst ideas anyone will ever have because the expenses won't allow the person to gather enough money to pay back that loan, unless the loan is being offered by the employee of the borrower, when such a loan could be considered useful since it could be as a result of the person's transportation expenses, which will reduce, and the loan amount will be deducted from their monthly payment.

Another time a car loan could also be considered useful is if the person taking the loan has something to do and the car bought using the loan is to be used for transportation business, then it can't be considered useless since it's not a car bought to be used to settle pleasure but for business, which could be used to raise funds and the debt could possibly be paid back.

But either way, loans should be avoided if possible. Someone who owns a loan to me is considered a free man, but someone who is in bondage to its lender is not.

Whenever we do decide to take up some car loan then it would really be needed for us to make up some considerations if its really that wise or ideal on doing so. Check your finances and your sources if you could be able to sustain up long term payments on which you wouldnt be ending up on giving it back to the bank just because you cant really make more payments. Its true that transportation is crucial whether from your work or business and this is what you would really be mainly be thinking off or having considerations whether its time to get one or not and also it would be depending on what type of car you are getting.
Mostly we would really be that focusing for it to be a private vehicle which we do personally be using.Its not that bad as long we can pay and its our money then its none others business
but when you are still on a situation on which you would really be struggling or you do see that its not really that the proper time on buying then better not.

[Nwada001]

Whenever we do decide to take up some car loan then it would really be needed for us to make up some considerations if its really that wise or ideal on doing so.

Exactly what I illustrated above A car loan is to be taken considering the situation if it's to be used for industrious stuff and to save up some expenses rather than make you spend more.
Only those who are not considering their tomorrow or don't have hope and plans of paying back debt could possibly take loans and get a liability instead of investing it in something useful and beneficial.

[Adams0001]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

"Bad Debt" is debt that you must repay yourself.
"Good Debt" is debt that you arrange for others to pay off for you.

When you take out a mortgage to acquire a rental property, this is considered good debt. If you structure the deal appropriately, the rent from the house will pay off your mortgage bills, thus allowing someone else to buy an asset for you.

[CryptoHeadlineNews]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I think we should say that good debts are assets while bad debts are liabilities, and Bitcoin on the other hand could be referred as a good debt, because of its potential to rise or fall in value depending on the current nature of the market, and how long the period of investment. But however, I'm not a type who will advise people to take loan so to invest in Bitcoin, because just as the interest of your loan keeps accumulating, Bitcoin is an investment nobody is sure of it's next moved, as it is been controlled by market demand & supply. And don't be surprised that the due day you were supposed to pay back your loan, Bitcoin could be 20% lower or higher in price, depending on the nature of the market at that very moment.

[Synchronice]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Depends on the interest rate of your bank. If it's two digits, on the upper side (20-30-40 percent), then it doesn't worth the risk to my mind but if it's a low percent and you have a salary enough to pay your loan and you won't ruin your life doing so, then why not? He who does not risk will never drink champagne, you know.
By the way, if someone takes a loan to buy bitcoin when it reaches its ATH, I would call it a bad debt but if someone buys for example before halving or soon after halving or after the crash of its ATH, then I would call it a good debt.

[lepbagong]

Bitcoin investment promises big profits so we have to be brave to invest, unfortunately many people don't have money to invest, the last option is of course to dare to take on debt, if we dare to take on debt now then the opportunity for profit is very large because early 2024 there will be a halving that will make we get big profit.

very promising profit and you are right about investing in bitcoin but the main obstacle is clearly the funds that must be prepared, because it takes large funds to be able to invest in bitcoin. there's nothing wrong if you want to take on debt with the aim of buying bitcoin, but you have to analyze it properly because it's not the halving period that can make bitcoin increase sharply, but still a year later there will be an achievement of ATH. so it must be remembered that the waiting period is quite long if you want to get into debt for bitcoin, so you must correctly determine when it is time to buy bitcoin because the long time situation will make the calculations must be accurate, in order to get maximum profit.

[passwordnow]

because it takes large funds to be able to invest in bitcoin.

If you're going to buy 1 whole bitcoin then yes. But don't forget that you can buy in bits and little amounts depending on how much the minimum amount is being asked by the exchange where you're buying.

there's nothing wrong if you want to take on debt with the aim of buying bitcoin

That's not advisable and many will agree that it's a bad idea to take a debt for buying bitcoin even if you can afford to pay. Much better to just save that money and buy later on.

[xSkylarx]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Depends on the interest rate of your bank. If it's two digits, on the upper side (20-30-40 percent), then it doesn't worth the risk to my mind but if it's a low percent and you have a salary enough to pay your loan and you won't ruin your life doing so, then why not? He who does not risk will never drink champagne, you know.
By the way, if someone takes a loan to buy bitcoin when it reaches its ATH, I would call it a bad debt but if someone buys for example before halving or soon after halving or after the crash of its ATH, then I would call it a good debt.

As long as you can pay it off, then it is okay, because that is really your problem if you invested at ATH, as you haven't researched more. You are right, you can't drink a wine if you are staying in your comfort zone and just waiting for luck to come to you, and even now, most people take out loans to take a risk on their businesses. How much more on us if we know about bitcoin and have the capability to gain profit from it? But again, we only invest what we can afford to lose, as we don't know what will happen to our investment. That is why it is better that if we take out those loans, we can still pay them off even if we lose all our investment.

[Altryist]

I think we should say that good debts are assets while bad debts are liabilities, and Bitcoin on the other hand could be referred as a good debt, because of its potential to rise or fall in value depending on the current nature of the market, and how long the period of investment. But however, I'm not a type who will advise people to take loan so to invest in Bitcoin, because just as the interest of your loan keeps accumulating, Bitcoin is an investment nobody is sure of it's next moved, as it is been controlled by market demand & supply. And don't be surprised that the due day you were supposed to pay back your loan, Bitcoin could be 20% lower or higher in price, depending on the nature of the market at that very moment.

An asset will also not always be good debt, even if it is capable of making a profit, but this income is not enough to even cover the payments on this debt, then such an asset will definitely be just as bad. As for buying bitcoin with credit money, this is probably the worst idea that could be accepted, because I don’t know a single story when someone took a loan to buy bitcoin and didn’t lose money on it, let alone to earn something.

[slapper]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Depends on the interest rate of your bank. If it's two digits, on the upper side (20-30-40 percent), then it doesn't worth the risk to my mind but if it's a low percent and you have a salary enough to pay your loan and you won't ruin your life doing so, then why not? He who does not risk will never drink champagne, you know.
By the way, if someone takes a loan to buy bitcoin when it reaches its ATH, I would call it a bad debt but if someone buys for example before halving or soon after halving or after the crash of its ATH, then I would call it a good debt.

As long as you can pay it off, then it is okay, because that is really your problem if you invested at ATH, as you haven't researched more. You are right, you can't drink a wine if you are staying in your comfort zone and just waiting for luck to come to you, and even now, most people take out loans to take a risk on their businesses. How much more on us if we know about bitcoin and have the capability to gain profit from it? But again, we only invest what we can afford to lose, as we don't know what will happen to our investment. That is why it is better that if we take out those loans, we can still pay them off even if we lose all our investment.

Your comment, while imbued with the entrepreneurial spirit of taking risks, slightly romanticizes the potential dangers of investing borrowed money into something as unpredictable as Bitcoin. The belief that 'you can't make an omelet without breaking some eggs' might work in some business scenarios, but when it comes to volatile assets like cryptocurrencies, the stakes are much higher

Just like you wouldn't bet your house on a single roll of the dice, putting all your borrowed money on Bitcoin seems to be tempting fate. Crypto markets are notorious for their volatility - today's all-time high might be tomorrow's epic crash

Furthermore, the risk of being unable to pay back the loan in the event of an investment loss could have serious financial and personal implications. A more prudent approach would be to only invest money that you can afford to lose

[Wend]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

Depends on the interest rate of your bank. If it's two digits, on the upper side (20-30-40 percent), then it doesn't worth the risk to my mind but if it's a low percent and you have a salary enough to pay your loan and you won't ruin your life doing so, then why not? He who does not risk will never drink champagne, you know.
By the way, if someone takes a loan to buy bitcoin when it reaches its ATH, I would call it a bad debt but if someone buys for example before halving or soon after halving or after the crash of its ATH, then I would call it a good debt.

It does not depend on the bank's interest rate, it all depends on your ability. If you have a job and can repay the loan even if your investment fails, an investment loan may be considered. Borrowing money for investment or business is not recommended, but if we have a plan for it and can pay off the debt, we can try because there is no success without trade-offs, I agree with your argument. But we need to know how much our ability is, don't be too greedy or too subjective, otherwise, we will have to pay dearly.

[yohananaomi]

It does not depend on the bank's interest rate, it all depends on your ability. If you have a job and can repay the loan even if your investment fails, an investment loan may be considered. Borrowing money for investment or business is not recommended, but if we have a plan for it and can pay off the debt, we can try because there is no success without trade-offs, I agree with your argument. But we need to know how much our ability is, don't be too greedy or too subjective, otherwise, we will have to pay dearly.

Borrowing, of course, is something that looks easy to do but can also be difficult to get, because it is likely that the bank that provides the loan will see how much ability the borrower has, whether he will be able to repay the loan or can he have greater collateral than the loan made, or already has a job. so you can pay it every month.

In my opinion, borrowing for investment and business can be done as long as the loan installments can be paid every month from the results of the work done, or later it can be returned from the results of the investment or business that has been carried out. agree with you that if you want to borrow, you have to also do a calculation of whether we can repay the loan later, keep borrowing according to what you can do, if you anticipate wrongly, you will be entangled in debt problems.

[Nerdy doctor]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

 In regards to the question "would you classify borrowing money to invest in bitcoin as good debt or bad"... I would say a little bit of both. As there are so many risks involved, let's not forget the market volatility, that is at best one of the top concerns involved while investing in bitcoin.

  Now in the hopes that Bitcoin will appreciate,  it then turns out to be a good debt of one borrows money to invest in it. Some might also say playing it safe doesn't bring in any real cash. There's always a tendency for things to go south when it comes to investments regardless of where the investments are allocated. Bitcoin brings forth the possibilities of financial freedom but it also comes with a cost.

[CageMabok]

In regards to the question "would you classify borrowing money to invest in bitcoin as good debt or bad"... I would say a little bit of both. As there are so many risks involved, let's not forget the market volatility, that is at best one of the top concerns involved while investing in bitcoin.

I think most people will definitely not forget the volatility that exists in the market because they are already very aware of the risks before investing in Bitcoin. This is still a worry for some people who invest in Bitcoin, but we also need to see investors who remain calm when they invest in Bitcoin so that they don't even seem to panic when there is a price correction in Bitcoin.

  Now in the hopes that Bitcoin will appreciate,  it then turns out to be a good debt of one borrows money to invest in it. Some might also say playing it safe doesn't bring in any real cash. There's always a tendency for things to go south when it comes to investments regardless of where the investments are allocated. Bitcoin brings forth the possibilities of financial freedom but it also comes with a cost.

Everything has costs and risks, so everyone cannot deny this because they must first be well understood when they want to invest. Because Bitcoin is indeed able to bring financial freedom to everyone, but people who are only looking for security will not get more real money because they may still be very afraid of taking risks. So there is no real money that they can hope for other than just the security of the assets they already own and I think that is very natural because people who earn real money are people who are able to take risks after understanding the basic concepts for any risk.

[Don Pedro Dinero]

 Now in the hopes that Bitcoin will appreciate,  it then turns out to be a good debt of one borrows money to invest in it. Some might also say playing it safe doesn't bring in any real cash. There's always a tendency for things to go south when it comes to investments regardless of where the investments are allocated. Bitcoin brings forth the possibilities of financial freedom but it also comes with a cost.

The point is that the so-called good debts should not be used for investment in the case of low and medium incomes, only in the case of your house, which Kiyosaki would not agree with, but I give my take on it.

For people of moderate or low income what works best for them is to control expenses, try to increase income, and save constantly in assets in which they can do DCA, it can be bitcoin, index funds or we can consider the mortgage of your house a DCA. As much as Kiyosaki considers it a liability, from a balance sheet point of view it is not (it takes money out of you pocket but you build equity that you can cash in later on).

Companies, for example, or people with large amounts of capital such as Michael Saylor, who has bought a large part of the bitcoins he has by issuing debt, do it for investment. But they are on a different level.

[Cryptmuster]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I would classify this debt as too risky, because in the case of Bitcoin it is difficult to calculate exactly the time when we will be able to profit from our investment. A bear market can be very long and all this time we will need to repay the loan, and if you find yourself in such a protracted period, then such an investment will not bring you anything, in addition, and you will owe even more than you borrowed.

[hafiztalha]

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I would classify this debt as too risky, because in the case of Bitcoin it is difficult to calculate exactly the time when we will be able to profit from our investment. A bear market can be very long and all this time we will need to repay the loan, and if you find yourself in such a protracted period, then such an investment will not bring you anything, in addition, and you will owe even more than you borrowed.

Yes ,you are right . For Bitcoin debt is very dangerous for person who is employee or self employee.  It will be financial burden on one's family because when it's price will go down , one's family will suffer . So if you have your own money , invest in Bitcoin otherwise it will kill you with your family . Because  debty  person has no choice , people will take money if he took money from people and if he took money from Bank ,Bank will also give burden on his head. He can suicide. Liquid will help in Bitcoin investment and you would have no burden on your head. You should invest in Bitcoin if you have some extra money and you want to invest your money and you want to double , triple and multiple your investment .There is no investment tip like Bitcoin.

[Fivestar4everMVP]

Well, I personally do not advice people to borrow money to invest in bitcoin, most especially if the borrower will depend on bitcoin's price appreciation to be able to settle the loan.

If the borrower has a business, or is working and earning money through which he or she can settle the borrowed money without touching the money he or she invested in bitcoin, then borrowing I did consider as good dept.

Even though I still believe that borrowing to invest in bitcoin generally is a good dept, I personally still believe that, taking a loan to invest in bitcoin without a plan B means of paying back the money is not ideal and not advisable.

[shinratensei_]

Well, I personally do not advice people to borrow money to invest in bitcoin, most especially if the borrower will depend on bitcoin's price appreciation to be able to settle the loan.

If the borrower has a business, or is working and earning money through which he or she can settle the borrowed money without touching the money he or she invested in bitcoin, then borrowing I did consider as good dept.

Even though I still believe that borrowing to invest in bitcoin generally is a good dept, I personally still believe that, taking a loan to invest in bitcoin without a plan B means of paying back the money is not ideal and not advisable.

borrowing money for the sake of investing defeats the essence of investing in itself, only someone is brave enough to take on the risk and speculate, their profit would just eaten by interests.
moreover the essence of hodling was keep bagging bitcoin until opportunity arise doesn't matter how bad the market might get but with borrowed money is that even possible?
after all there's money need to be paid every month added with the interests I don't think its even a good idea at all.
People should know that investing in bitcoin isn't some short term investment where you gonna make half of your initial capital as profit in the next week sometime it requires months if not year before someone might have meaningful profit for holding even more realistically so when the market is in bearish.

[Essential10]

I think there is no such thing as good debt or bad debt, debt is debt. My father had taken some loan from the bank for house repair work. Later on he had to get a lot of speed to repay the loan. My father had to repay the loan to the bank with a fixed profit every month from his monthly income. I still remember that time, my family went through many crises due to this loan. So I think debt is never good. It is wise to be cautious about taking out a loan for any other business or Bitcoin investment. Debt can have a negative impact on financial stability and future opportunities. Risks and potential consequences should be carefully considered before taking any type of loan. Although some individuals may be successful using loans for financial management or investment, it is important that not all situations are the same and careful consideration should be given to taking out loans.

[speeder]

Good debt or bad debt, I don't like either. Debt is not a very good thing. Debt degrades human nature. Although the borrowed money seems to be own money for some time, later the borrowed money has to be paid back on time. There are some bad loans that incur penalties if not repaid on time. It is not always possible to get success by using borrowed money, if the borrowed money fails to be used properly, the borrower must face losses. If you decide to invest or do business with borrowed money. I think, it is a wrong decision because there are risks in both investment or business. So I will never risk investing or trading with borrowed money.

[CryptSafe]

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich  people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

OP,  as far as I know, a debt is a debt, and it would still be whether it is a good debt or a bad debt. As you have said, a loan that does not generate income to me seems like a waste of resources because it is expected that debts are to be serviced, and this means that such a loan must have been able to generate many returns so as to service it properly.You talked about bitcoin and why you should not get a loan to invest in it. I believe you should have had knowledge of the volatility of bitcoin and as such, one is not advised to get a loan for bitcoin investment and also should know that investing in bitcoin with loan is highly risky and not advisable to do because the bitcoin market has no control and can swing to any direction at any time.

[barisbilgili]

I think there is no such thing as good debt or bad debt, debt is debt. My father had taken some loan from the bank for house repair work. Later on he had to get a lot of speed to repay the loan. My father had to repay the loan to the bank with a fixed profit every month from his monthly income. I still remember that time, my family went through many crises due to this loan. So I think debt is never good. It is wise to be cautious about taking out a loan for any other business or Bitcoin investment. Debt can have a negative impact on financial stability and future opportunities. Risks and potential consequences should be carefully considered before taking any type of loan. Although some individuals may be successful using loans for financial management or investment, it is important that not all situations are the same and careful consideration should be given to taking out loans.

When we have made the decision to take out debt to be able to meet what we need, of course we are obliged to pay it off, for some people who run businesses they have to take out loans from banks for capital in the business they have run and also as a motivation for them to work working hard to make the business run well so that they can pay off the loans they have taken from the bank.

It would be better before we decide to take a loan from the bank, we must first assess ourselves whether we will be able to pay it off and if we think we will be able to pay it then we can take it, don't let it happen that after we take the loan we can't pay it off of course. This will get us into a problem that we should be able to avoid.

[inthelongrun]

Good debt or bad debt, I don't like either. Debt is not a very good thing. Debt degrades human nature. Although the borrowed money seems to be own money for some time, later the borrowed money has to be paid back on time. There are some bad loans that incur penalties if not repaid on time. It is not always possible to get success by using borrowed money, if the borrowed money fails to be used properly, the borrower must face losses. If you decide to invest or do business with borrowed money. I think, it is a wrong decision because there are risks in both investment or business. So I will never risk investing or trading with borrowed money.

I also have a mindset where I am feeling allergic when it comes to debts. I am feeling better and at peace when I have no debts.

But those rich people and companies are actually taking loans in order to establish more business. Of course, there are loan interests and penalties when loan payment dates aren't followed, otherwise, borrowers can abuse the system.

Borrowing money in order to trade is always a no/no to me and to most people here as I observed. Borrowing money is only at best when used in a business. Of course, before considering a loan, there should already be a business plan in order to have a higher chance of success.

[Altryist]

When we have made the decision to take out debt to be able to meet what we need, of course we are obliged to pay it off, for some people who run businesses they have to take out loans from banks for capital in the business they have run and also as a motivation for them to work working hard to make the business run well so that they can pay off the loans they have taken from the bank.

It would be better before we decide to take a loan from the bank, we must first assess ourselves whether we will be able to pay it off and if we think we will be able to pay it then we can take it, don't let it happen that after we take the loan we can't pay it off of course. This will get us into a problem that we should be able to avoid.

Buying Bitcoin with credit money is a game of luck, those who did it at the beginning of the year will definitely benefit from it, but if you take out a loan to buy Bitcoin now, then everything may be different.

Due to the high volatility, it is very difficult to calculate how advisable it might be to buy Bitcoin with credit money, because you can buy now for 37k and tomorrow you can see the price of 30k or 25k, which will bring losses, since you will need to make monthly loan payments.