Budget For Halving

[imamusma]

I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024.

Why must 2024, don't you think you should start now before the bitcoin price increase?
Even if you have a budget of 1/4 of $90k now, I think it's worth it to start investing now rather than 2024. You should already know that bitcoin has still lost 60% of its value since ATH of $69k, so I think 2023 is the right time to invest in bitcoin.

When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.

I was never sure whether getting a loan to invest in bitcoin was recommended as a good options.
Of course you can accumulate your investment budget from various sources, but you also have to be able and understand what risks you will face if the bitcoin price of your investment does not match what you expect. It's better if you do it with your personal budget or your savings budget instead of accumulating your personal budget plus loans for long-term investments.

[Accardo]

Bitcoin is not an investment to trust with loaned money. It'll put you under pressure, which may affect your blood pressure because it's not under your control. I'd say that you invest gradually what you've got, investing 90k on bitcoin is great, but when market price drops it'll affect your investment drastically just like you'll earn if it pumps. It's a top investment risk and that's not acceptable to place yourself on such a situation. I've read in the past about a person that lost lots of money after loaning money to trade bitcoin and lost everything, including his house and wife's money. If the money is for hodling for a longer period, it'll be better, but the lender may need their funds within 6 months or a year and bitcoin doesn't skyrocket in a way that can be predicted. Op invest the spare cash you've got.

[DoublerHunter]

Bitcoin is not an investment to trust with loaned money. It'll put you under pressure, which may affect your blood pressure because it's not under your control. I'd say that you invest gradually what you've got, investing 90k on bitcoin is great, but when market price drops it'll affect your investment drastically just like you'll earn if it pumps. It's a top investment risk and that's not acceptable to place yourself on such a situation. I've read in the past about a person that lost lots of money after loaning money to trade bitcoin and lost everything, including his house and wife's money. If the money is for hodling for a longer period, it'll be better, but the lender may need their funds within 6 months or a year and bitcoin doesn't skyrocket in a way that can be predicted. Op invest the spare cash you've got.

^Definitely right, you can loan money for investment but not on crypto, especially in BTC.
Because taking a loan to invest in BTC is a risky decision due to its volatility, potential debt burden, and probably uncertain returns. It is important to consider these factors and only invest with funds you can afford to lose. However, it is a nice plan since we know the BTC price will always show potential after halving but there is no guarantee that it will have an accurate result, the price is always unpredictable. So invest little by little that the amount that you can afford would be the best practice.

[Rengga Jati]

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

If I were you, I will never include this plan t my  life.
You may hear may sucessful stories about investing in Bitcoin and gaining so much money fro it after halving and bullish era. But, do you hear also about sad stories of how any people being stressfull because they are failed in thi investment and couldn't pay the loan?

In crypto investment, there is always a wise word " invest only amount that you ca afford to loose"
This is deep enough.

Thee are probabilities to gain big profits during bullish era after hvong, but this doesn't guarantee because there are many complex factors that may ibfluene, including your ways in securing the wallets, your patience, mental preparation, market sudden changes, and others.

But this is only words from me.
Your decision is all yours.

[Issa56]

I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan.

I see that you are happy and you want to invest all your saving and you are still planning to take a loan, I just hope you won't be disappointed by 2024, maybe you won't get what you are expecting. I have seen different people advising you not to take loan to invest, I will also advise you not to take take loan to invest and don't invest all your savings, just invest any amount you can afford to lose, don't say because people are saying after having bitcoin is going to pump, then you will have to invest all your savings for months in bitcoin, always manage your risk.

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

You are planning to take loan, do you have any means to pay back your loan apart from the investments you are having in bitcoin? Hope you won't end up selling your bitcoin at lost just to pay back the loan, if you really want to invest and have peace of mind, then don't take loan and don't invest all your savings in bitcoin.

[Z-tight]

I believe op is bluffing and probably just wants to start a new topic, it is not even about taking a loan in op's case, it is about them not knowing enough about BTC, and you can easily know that from their post history. If you are going to put in $90k into anything, you should know and understand a lot about it, what OP says about BTC or the halving is so wrong, and i would call this proposal a bluff.

A loan may not be the best way to invest in BTC, but the risk is better taken by someone who understands BTC so well, but when a novice who doesn't even know the best wallet to use thinks about taking a loan to invest in BTC, they are making a big mistake because they may even lose the BTC they borrowed to scammers.

[Zaguru12]

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

This certainly pouring all funds into bitcoin which certainly very bad idea. Even if the loan repayment is not due till next two years which I know you calculated it to be the bull run period but there are some circumstances that could actually happen mostly strong government policy or economic downturn which could actually affect the bull run or delay it. And as it is the interest rate will only increase as the time goes.

More so having all your savings into bitcoin even though it is hard to lose everything on it is risky. Once you don’t have funds or investments outside it, you are likely to sell in panicky situations due to probably emergency situations. Invest only what you can afford to lose, don’t focus on the profit alone so as to set yourself up for failure

[Asiska02]

I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.

You claim to be a good planner but in this case you’ve missed a step, by trying to get a loan to invest in bitcoin is totally not advisable and it could ruin your financial stability instead of lifting you up if anything goes in contradiction to what you’ve planned out prior to the investment. If you’ve been going through this forum well, you would have seen the advise countless time to not invest through loans as its advantages is always disastrous to bear with. Don’t use borrowed money to invest or the money you can’t afford to lose or all of your savings into cryptocurrency.

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

This is awesome because you’ve set out and planned everything well and you believe it will work in your favor since bitcoin has never disappointed before. But what if there’s a delay and something happens in the market that won’t make you achieve your target goal on time, will the loan be kept pending until it is achieved? Won’t the deadline for the loan approach and you’ll be compelled to sell your bitcoin at loss to get pay back the loan? Think again before taken loan to invest in crypto.

[Baofeng]

Hearing more success stories of halving and reading from https://www.cointree.com/learn/bitcoin-success-stories/, my whole thought changed about bitcoin and halving, the time is worth putting on the calendar. The big month may be April, May or June, I can't find a site that is 100% sure of this. The thought only pointed to the fact that i missed a life time changing opportunity. I can not be well on this ever again unless I make money from bitcoin, it is then and only then that I can be happy.

Yes, no one knows the exact date of the halving, but you can used (https://bitcoinblockhalf.com/) to see where we at right now.

I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

Why you taking a loan though? that is risky if you are going to ask me. How much is the interest of that loan? Will the profits that you are going to make (assuming you make profits), will be enough to cover for that? And how much money will be left in your pocket.

Yes, I know everyone wants to have a good ROI in the next halving, but for me taking a loan is not a good advise. You might as well do DCA, we still have a full year before the halving and for sure you can accumulate BTC or sats along the way.

[glendall]

should avoid loans, just invest with your savings, because we don't know what will happen next whether the halving will occur in 2024 or it will miss, I'm afraid.
understand that everything will not go smoothly as expected, instead you want to get a profit, but in the end, the profit you get is only to pay the interest on your loan

[Texac]

^Definitely right, you can loan money for investment but not on crypto, especially in BTC.

Not only with cryptocurrencies, I think it is not advisable to borrow money to invest in any field, because once invested, besides profits, there will always be risks involved.  no investment is guaranteed to return without risk, so borrowing money to invest is always a bad idea.  also, as you said, the cryptocurrency market is considered the riskiest market because its volatility as well as its future remains uncertain.
i strongly advise the op to consider your plans carefully, otherwise, you will hit a dead end when things don't go as you dreamed.

[qwertyup23]

I will not advice anyone to take a loan because of bitcoin halving. You may think it will not be more than three months before the significant bull run, but it may take longer before it begins or finally happens.

But if you save money and able to hold bitcoin, that is fine. Bitcoin has not disappointed yet. It is a good idea.

I definitely agree with you.

It actually applies to almost everything in cryptocurrencies- taking out a loan for investment or gambling is a very risky move that has more chances of you failing at the end. Even with the success of BTC investors during halving, one should never take a loan against an activity or investment with no absolute outcome.

My recommendation would be to invest your savings and the amount that you can lose at the same time. Treat any investment as money that can potentially be lost in the process.

[Pandu Geddon]

you better invest with the money you have. don't push yourself too hard to make a loan to invest in Bitcoin. everyone believes in the potential of Bitcoin, but in your plan if a problem occurs how will you repay your loan?
Bitcoin will still be risky even if it uses your own money. especially if you plan to borrow money with the upcoming Halving target. I don't believe anyone would do that. even if a senior or beginner has to think again to do it all.

[Stella Mese]

Bitcoin halving can be said to be around the corner and many are mentioning it in 2024.
indeed we have to prepare funds for those who are interested in investing in btc and indeed now is the right time to collect bitcoins because the price is still relatively cheap.

but in my opinion it would be better if you buy btc not using money from the loan because in my opinion investing in btc from the loan will usually make you feel uncomfortable, the point is that it interferes fundamentally, unless you are ready to take risks.

[xSkylarx]

It is not good to take out a loan just for halving and also it is not 100%  sure that youll gain profit that time because what if this halving it will heat all time low? there are a lot of possibilities that will happen so you should be prepared of it. It is better now to like just save money to invest on it as it is still be on next year you just need to accumulate it and not needed to have a loan as it is very risky

[michellee]

It is better not to take a loan to invest in Bitcoin because it is risky. We know that the price of Bitcoin goes up and down and when it goes down, we also don't know if the price will keep going down or if it's just a correction.

You should think about it first and don't rush into deciding because your plan to take out a loan uses a lot of money. Many people just take a loan but don't know if they can repay it.

But if you really can repay the loan, you can try to calculate how many years and how much money you want to borrow. Adjust it to your salary or income so it won't be difficult for you.

[landheer]

In my opinion, don't push yourself too hard to invest in BTC from borrowed money because investing in BTC is very risky.
just try to imagine what if the btc price at the time of the halving is not what you want, and how will you pay for it?

but the decision is yours because it's your right. if in my opinion invest using the money you have, don't result from a loan.

[cryptoaddictchie]

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

This is really not good move. If you are sure that you can gain profits from the bitcoin halving event then go for it. But even the greatest professional cant predict if bitcoin could do goof after halving. Yes there were historical results but its bot guaranteed and you want to loan for the investment money youll gonna make. How about use only your afford to lose money and gamble it with bitcoin without affecting your life savings. Man thats gonna do bad consequence if not aligned with the good market conditions.

[Minecache]

Borrowing money to invest isn't so bad as long as you have the plan to repay that loan without depending on and expecting your bitcoin investment. One more thing, there is no guarantee that bitcoin will increase in price after the halving, and if you are prepared for the worst case scenario and ready to take the risk, then you can borrow money to invest because success sometimes must take risks and trade-offs.

But if you don't have a backup plan and only expect a return on that investment to pay off your debt, it will be the worst decision of your life. Borrow money to invest, it will ruin the rest of your life. I'm really against your idea if you don't have a plan B.

[Synchronice]

I am seeing out budgetary plans to invest exactly $90,000 in bitcoins in 2024. When others are impatient, I usually plan. The plan is to get this from my saving and loan. The action for more savings was kick started last month, it can see me through to the time of the investment when I will stop.

The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably.

If you can quickly collect $90,000 I also hope you understand the basic rules:
1. Bitcoin's price doesn't grow immediately after halving and its price won't dramatically increase like in 2017 because it's already pretty high.
2. When you take a loan, be sure that in case things don't go as planned, you will still be able to repay it and won't ruin your life.
3. Not your keys, not your coins! Don't leave your coins on exchanges for a long time.

I was never sure whether getting a loan to invest in bitcoin was recommended as a good options.
Of course you can accumulate your investment budget from various sources, but you also have to be able and understand what risks you will face if the bitcoin price of your investment does not match what you expect. It's better if you do it with your personal budget or your savings budget instead of accumulating your personal budget plus loans for long-term investments.

By the way, if you don't risk the unusual, you will not get a significant reward.