Borrow to Buy Bitcoin is Not Advisable.Consider the Factors Before Doing That.

[Dickiy]

Of course I also never thought that there are some of them who are desperate to borrow just to invest. Yes that's right, as we know the benefits in investing are very large and it is clear that there is also a very high level of risk there, therefore some experts and professionals always advise to always learn more deeply and try to use money that will not be disturbed by other needs, none other than this advice so that investors can invest with peace of mind and implement their best plans. Honestly, I never think of borrowing money to invest, because obviously with the risks that are there even if for example we use personal money there is still always pressure that we feel, well especially if you use money from loans, of course it will make you even more depressed and all you think about is probably only profit so you can pay off your debt, and obviously indirectly it will greatly interfere with your mental and psychological calm when investing.

Of course they should not be rash in this decision and should always consider it. If there are indeed some who do this way then I say they will only waste time and money, because it is very unlikely to succeed with all the great pressure they face, and yes it is true that to get to success there must be sacrifice first, but not by borrowing too, it is not a good alternative and should be avoided.

Borrowing money to spend, especially in a volatile market like cryptocurrencies, is risky. Its like starting a project that was meant to fail from the start. You are right about pressure and its effects. Desperate to pay off debts might lead to haste, unwise decisions that worsen the situation.

True, investing is very risky, I'm sure you know this and probably have an idea of what percentage of risk is there, but why would you allow yourself to borrow just for the sake of investing, it will only increase your risk and it's like you are creating a trap for yourself. Yes as I said earlier above, this action will only make them feel more pressured to invest, while on the other hand calm is needed there, but are you sure that the borrowed money you bring will be able to keep you calm? obviously not, you can't pretend, the pressure and thoughts of being able to pay off the debt will always be in your mind. And that's right, it will only make the situation worse.

We'll ignore crypto's hidden concerns like computer theft, changing rules, and market manipulation. Working behind the scenes and pulling strings from the dark is popular here. Poor folks who need to borrow money should not come here. Borrowing money to spend absolutely defeats the purpose of investing and creates a weak foundation.

Basically, allocating borrowed money to whatever you are going to do, there must be concerns that you feel, especially here if you borrow money to invest which is clearly high risk and the returns are also difficult to predict. So the point is to avoid it, this is not a solution but will only add to the problem. If you really want to borrow money then use the money for something more certain, I'm not saying investing is not useful but I'm emphasizing the level of risk that you will definitely feel if you do that.

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[kingvirtus09]

As much as possible, avoid borrowing if it is not that important. Maybe only get a loan when it's really for an emergency purpose, for example, a lack of hospital payment or something else, but not at the point where you sell Bitcoin. Although buying or investing in Bitcoin is not a bad thing, the only way to do it is to buy it out of debt.

It would be fine to borrow money if there is another source of income that is more than dalwa; in this matter, I can understand, but if you are just an employee and you are going to borrow money just for bitcoin investment, there is a risk involved for sure. It's even better to buy little by little; it's better than taking out a loan.

[Casdinyard]

I say borrowing money for investment has its perks and caveats, and it's certainly not for everyone, let alone people who cannot afford to lose more than what they already have. Rich people and those who are above the poverty line are able to take up loans to support their investment ventures, why? because they can afford to lose it all should things go south. What they do is take up these loans, and be approved for it cause they have good credit standing and the banks trust them, invest their money and pay the bank right away with the capital once their investments start to pay off. Essentially this makes them earn money without having to put up a cent to the table, pretty genius but certainly risky.

[Stable090]

and when there is money left over, then we can invest it or we set aside a little of the money we earn to put into investments.

When investing in bitcoin, there is no amount that you invest that’s too small, you don’t have to invest a large amount before you will be satisfied with your investment. It’s better to invest a small amount and have peace of mind than take out a loan and invest a large amount of money. When investing in bitcoin, there is always uncertainty. Nobody knows when the price is going to pump or dump, everyone is just predicting, and prediction can be wrong. If you take a loan just to invest in bitcoin, and when it’s time to pay back loan and bitcoin price is below the amount which you bought it, how are you going to pay back the loan? You are going to sell at a loss, then look for ways to be able to complete the money so that you can pay back your loan.
 
Loans are not always an option when it comes to bitcoin investment, it’s better to get a job, then you can start investing a little from your salary. Don’t think the amount of bitcoin you are holding is too small,  just keep on holding and keep on accumulating more from the salary that you are receiving. Don’t be deceived or pushed by anyone to take a loan to invest.

[BALIK]

It is very risky to borrow money to invest in bitcoin because the markets is volatile and no one can predict the market. Because of the nature of the market of bitcoin it is not  just advisable to loan money to invest bitcoin,  it is  meaningless to take loan on Bitcoin because what is the need of investing in Bitcoin and still owing debt. Investing in Bitcoin should be nothing to do with debt and while investing in Bitcoin one is suppose to be financially stable where by their is a source of income to fund the investment,  that is why it is good to invest accordingly to what one earns.

Most people do not support the idea of borrowing money to invest, it is really risky and not recommended. But if someone can be sure that they will be able to repay that loan even if they don't need the profit from that investment, should they consider borrowing money to invest?

Success always requires trade-offs and we need to step out of our comfort zone to face bigger challenges to reap greater results. Borrowing money is not really recommended but it is not a bad idea if we have a backup plan for the worst case scenario if that happens. I also used to borrow money to do business, so I partly understand what it is like to borrow money to invest or do business.

Of course I also never thought that there are some of them who are desperate to borrow just to invest. Yes that's right, as we know the benefits in investing are very large and it is clear that there is also a very high level of risk there, therefore some experts and professionals always advise to always learn more deeply and try to use money that will not be disturbed by other needs, none other than this advice so that investors can invest with peace of mind and implement their best plans. Honestly, I never think of borrowing money to invest, because obviously with the risks that are there even if for example we use personal money there is still always pressure that we feel, well especially if you use money from loans, of course it will make you even more depressed and all you think about is probably only profit so you can pay off your debt, and obviously indirectly it will greatly interfere with your mental and psychological calm when investing.

Of course they should not be rash in this decision and should always consider it. If there are indeed some who do this way then I say they will only waste time and money, because it is very unlikely to succeed with all the great pressure they face, and yes it is true that to get to success there must be sacrifice first, but not by borrowing too, it is not a good alternative and should be avoided.

Risk always exists around us and I also understand how risky it is to borrow money to invest. But what I am asking is if a person has a plan and is confident enough to repay that loan even without needing the profit from that investment, borrowing money to invest is not so bad.

To me, there is no success without trade-offs and we should accept challenges to achieve success. Not everyone who borrows falls into crisis or deadlock, sometimes debt reinforces their thinking because if they don't work more, they will never be able to repay their debt. Pressure is scary for some people, but sometimes it is a motivation for some people to become stronger. If a person is afraid of pressure and is not willing to accept it, it will be difficult for them to succeed.

[Lantind]

Risk always exists around us and I also understand how risky it is to borrow money to invest. But what I am asking is if a person has a plan and is confident enough to repay that loan even without needing the profit from that investment, borrowing money to invest is not so bad.

To me, there is no success without trade-offs and we should accept challenges to achieve success. Not everyone who borrows falls into crisis or deadlock, sometimes debt reinforces their thinking because if they don't work more, they will never be able to repay their debt. Pressure is scary for some people, but sometimes it is a motivation for some people to become stronger. If a person is afraid of pressure and is not willing to accept it, it will be difficult for them to succeed.
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If they really understand the various risks in investing, I agree with you that there is nothing wrong if they make the decision to borrow the money because they understand the risks well.

To be successful, everyone does it in various ways, there are many processes they have to go through so they achieve it. You are right, in dealing with pressure there are some people who can deal with it easily because they are experienced in the field they are facing and there are some people who fail to deal with it and fail to get through it. This really depends on a person's personality.

[CarnagexD]

Risk always exists around us and I also understand how risky it is to borrow money to invest. But what I am asking is if a person has a plan and is confident enough to repay that loan even without needing the profit from that investment, borrowing money to invest is not so bad.

Yeah. Unless you are someone who finds borrowing money a financial strategy like tax benefits or you are certainly expecting higher returns from that money, borrowing is not really a bad idea.

Tho some people have made huge profits from bitcoin, others have lost a lot of money too.  For ordinary people it is typically wiser to use money you can afford to lose and to do so after careful consideration of your financial capability. Invest responsibly and do not take on unnecessary debt, that's it for me.

[Crypt0Gore]

If a good buying opportunity arises now and it's still not yet the time to get your monthly salary what will you do? Since you are certain that your salary will be paid by the month ending it still feels right to me to take a loan or borrow the exact amount that you will be able to pay back by the month ending from someone.

I don't like taking loans for any investment because there are some risks involved, not too long ago I borrowed some money from someone very close to take part in an IDO project, yeah I know, this is not Bitcoin, I was so sure that the project will do very well, this friend lent me $400 and after the token start trading it dumped so hard that my investment turned into $120 and I have to pay $400 back to my friend.

I had to hold on to this token for the long term, this is one of the risks of investing, but borrowing money can add more to the pain, it's better and more convenient to use your hard earned money, whatever happen after, it's your money, you are not going to pay anyone back.

[laurenB7742]

If a good buying opportunity arises now and it's still not yet the time to get your monthly salary what will you do? Since you are certain that your salary will be paid by the month ending it still feels right to me to take a loan or borrow the exact amount that you will be able to pay back by the month ending from someone.
 

In my opinion, for people who have a stable income but for some reason do not have enough money to invest, borrowing money can also be considered. It's not as bad as many people are saying because missing an opportunity is very regrettable, good opportunities don't always appear for us to grasp. But we need to make sure that we can repay that loan on time and not rely or depend on our investment. And if we don't have a job or an unstable source of income, borrowing money to invest is not a bad idea. That just proves we are lazy, greedy and want to get rich quickly.

[Ahli38]

That's absolutely true, that's the point that everyone should be aware of. That first we must have a source of income that meets our needs. and when there is money left over, then we can invest it or we set aside a little of the money we earn to put into investments. Because after all investment is for long-term goals. So we have to use cold money that we can afford to lose. Because after all crypto assets do have quite high risks. So we have to invest as much as we can afford to lose and don't force ourselves into high-risk investments. I personally only put a few percent in bitcoin. But because it is quite consistent, it doesn't feel like the number will increase over time. So keep DCA regularly and don't force yourself.

When investing in bitcoin, there is no amount that you invest that’s too small, you don’t have to invest a large amount before you will be satisfied with your investment. It’s better to invest a small amount and have peace of mind than take out a loan and invest a large amount of money. When investing in bitcoin, there is always uncertainty. Nobody knows when the price is going to pump or dump, everyone is just predicting, and prediction can be wrong. If you take a loan just to invest in bitcoin, and when it’s time to pay back loan and bitcoin price is below the amount which you bought it, how are you going to pay back the loan? You are going to sell at a loss, then look for ways to be able to complete the money so that you can pay back your loan.
 
Loans are not always an option when it comes to bitcoin investment, it’s better to get a job, then you can start investing a little from your salary. Don’t think the amount of bitcoin you are holding is too small,  just keep on holding and keep on accumulating more from the salary that you are receiving. Don’t be deceived or pushed by anyone to take a loan to invest.

So true. Taking out a loan is not only a no-no to invest in Bitcoin. But also in other things, such as stock investment and starting a business, the success rate is low. The point is that taking a loan to invest in high-risk things is not recommended.

As for some people who start a business from a loan, in fact they already have a mature plan and have seen the very high potential for success that they can obtain which might even make them pay back the loan money before the deadline arrives. An example is young people from my country who are now successful and become billionaires. Because he started the business smartly. Even when he took out loans in a very smart way. You can see the interview in this video (Youtube Video). But unfortunately it's in Indonesian.

[icalical]

[quote author=Ayebabara link=topic=5461757.msg62634890#msg62634890 date=1690942254
I came up with this topic because I was planning to borrow money to invest in bitcoin but when  looked at the risk involved, I have to give up the borrowing plan.
[/quote]

Yeah, and the bank wouldn't even lend you if you say that you are trying to get a loan to buy Bitcoins, except you are going to lie about it, but then you will need to get some proof. Would be better if you get a loan to start a small business then spare some of your profit to invest in Bitcoins, that would make more sense, and your loan could probably got accepted by the Bank.

[Dickiy]

Of course I also never thought that there are some of them who are desperate to borrow just to invest. Yes that's right, as we know the benefits in investing are very large and it is clear that there is also a very high level of risk there, therefore some experts and professionals always advise to always learn more deeply and try to use money that will not be disturbed by other needs, none other than this advice so that investors can invest with peace of mind and implement their best plans. Honestly, I never think of borrowing money to invest, because obviously with the risks that are there even if for example we use personal money there is still always pressure that we feel, well especially if you use money from loans, of course it will make you even more depressed and all you think about is probably only profit so you can pay off your debt, and obviously indirectly it will greatly interfere with your mental and psychological calm when investing.

Of course they should not be rash in this decision and should always consider it. If there are indeed some who do this way then I say they will only waste time and money, because it is very unlikely to succeed with all the great pressure they face, and yes it is true that to get to success there must be sacrifice first, but not by borrowing too, it is not a good alternative and should be avoided.

Risk always exists around us and I also understand how risky it is to borrow money to invest. But what I am asking is if a person has a plan and is confident enough to repay that loan even without needing the profit from that investment, borrowing money to invest is not so bad.

To me, there is no success without trade-offs and we should accept challenges to achieve success. Not everyone who borrows falls into crisis or deadlock, sometimes debt reinforces their thinking because if they don't work more, they will never be able to repay their debt. Pressure is scary for some people, but sometimes it is a motivation for some people to become stronger. If a person is afraid of pressure and is not willing to accept it, it will be difficult for them to succeed.

In any field, especially those that can generate huge profits like this investment, it is clear that behind the big profits there will also be big risks, I think most of them investors already know about this. Therefore as we discussed earlier it is not a good alternative if you borrow just to invest, while on the other hand the risks that are there are very large, so it's like you create problems or traps for yourself. Believe me it is not a good solution, because as I said above maybe you will not focus on your plan but maybe just for profit because you think you have to pay off the debt immediately with the proceeds from winning. Will it work? Not necessarily buddy, and what if you end up losing? very possible.

For the problem of sacrifice to achieve success, I agree with you, basically every field we want to live in, of course there must be sacrifices that we make in the process of the journey, some fail and some succeed and I say success is only for those who are really hardworking. Well actually not all who start with borrowed money will fail in their investment, but on average that usually happens like that, because of the considerable pressure from the debt makes some of them not mentally strong and finally make the wrong decision. But yes, it can be a motivation to be more enthusiastic, and I think only a few succeed in that way.

[Ayebabara]

The risk that involves in borrowing to invest is higher than bitcoin investment itself. When you borrow to invest them you have to prepare yourself to face and dance the music of the two volatiles. And as I said when you borrow and the investment will not favour you then you have enter into a very serious debt though all come from the amount you borrow to invest.

[Assface16678]

The risk that involves in borrowing to invest is higher than bitcoin investment itself. When you borrow to invest them you have to prepare yourself to face and dance the music of the two volatiles. And as I said when you borrow and the investment will not favour you then you have enter into a very serious debt though all come from the amount you borrow to invest.

.Yes, youre right, its like your making your risk double. That's why, like we always hear,invest the money that you can afford to lose.It's like ik its like a golden rule in bitcoin or investment. You see, if you invest your money, then you don't have the fear that somebody will be affected if it's lost. You can invest all you want with the dedicated money you have; if it's lost, then only you are affected, but if you invest the money you've borrowed, then it maybe has interest, and what if you lose the money? Then you are in debt? And that's why we are avoiding "debt." We invest to earn, not to have debt, and make ourselves suffer, so if you don't have money of your own, don't make an investment; wait until you have some. It's more rewarding if you earn from your own capital; you are only in the profit.

[oktana]

The thing with borrowing money to invest in Bitcoin isn’t just about when the bull run will come but have you forgotten that volatility goes both ways? So while you’re waiting for the bull run, it is very possible that a bad news could come and even put Bitcoin in a more terrible state. Investing in Bitcoin isn’t compulsory, it’s better you invest your own $20 than invest a borrowed $400.

[Essential10]

Yes as the subject said, using borrowed money to buy bitcoin is not good idea because the interest is accumulating every week/month and you don't know when the bull will come and even if you know, you will not know how much it will be. And assuming you took a loan of $400 to pay back within 3 years and the interest rate is $2 weekly and in the 3 years period, bitcoin has not reach the speculated price to sold your bitcoin to pay your loan. Or when you sell, you get the exact amount of the loan, or 1% profit from the sell and you pay off the loan and there is nothing left for you to start over. Is that a good investment? No. So there are many factors one can consider before using borrow money for bitcoin investment. You have to consider the duration of the loan, the probability outcome of bitcoin at the end of the loan year, and the interest rate accumulated at the time to pay back the loan.

When you have done your homework well and you see that you can use the loan to invest on bitcoin and there will be no problem at the end and you will have some changes remain in your wallet then you are free but if not, it will shock you and you will be frustrated so prevention is better than cure as they said. Therefore using loan for investment is not advisable. Ordinarily, you cannot just come to the cryptocurrency Ecosystem space without proper planning and started investing, it is not done in that way, at least calm down to study how things are done in the environment, making some analysis, compare and contrast some of the risk involved then if it is good then you key into it and if it is not then you look for an alternative way to invest in bitcoin.

I came up with this topic because I was planning to borrow money to invest in bitcoin but when I looked at the risk involved, I have to give up the borrowing plan.

Impossible, I would never invest in Bitcoin with borrowed money. Different people have different opinions when it comes to Bitcoin investing. If you have a specific plan to invest in Bitcoin by borrowing, you may lose it in such a complicated process and it may hurt you in the future. You must decide your goals on how you will invest in Bitcoin. You don't need to take out a loan even if you have completed your home. Nowadays people can earn a lot of money by renting houses. If you can build a house with four to five floors, you can earn a good monthly income by renting the house and you can invest a part of your house rent in Bitcoin every month.

[DeathAngel]

It’s generally not a good idea to borrow money in order to facilitate bitcoin purchases but there is a time when it can be beneficial. I would always advise against it but if you can time the market right it’s easy profits. If you borrow & buy bitcoin 12-18 months after an all time high, when the market is on the way down then as long as you make minimum payments monthly you can sell during the bull run, pay off the debt fully & still have great profits. It can be seen as free money but it carries a lot of risk.

[DabsPoorVersion]

The thing with borrowing money to invest in Bitcoin isn’t just about when the bull run will come but have you forgotten that volatility goes both ways? So while you’re waiting for the bull run, it is very possible that a bad news could come and even put Bitcoin in a more terrible state. Investing in Bitcoin isn’t compulsory, it’s better you invest your own $20 than invest a borrowed $400.

Well, as long as you're using your own money for investment, even how small it is, the better. Apply DCA strategy on investment, instead of paying the borrowed money with an additional interest. Think of it, without a loan, the interest to be paid to the other people will be directly added to your own investment. Set up a certain amount for the weekly/monthly investment, even with the minimum amount, it will be worth it in the long run.

We all know that DCA is the best strategy for investment. Borrowing money to have a lump sum investment in Bitcoin is not a good idea, your money will only be kept in your account while paying for the loan every month.

[yazher]

Some of the people after attaining seminars about Bitcoin from experts are hyped to invest and some of them even sold their properties in order to join the holders waiting for the price to increase again. They became successful and others became poor because they used the money they could not afford to lose and I see one of them in the Docementary where he borrowed from the bank and used their house for collateral. That was the worst idea you could ever have and you are supposed to turn away from that thought if ever it came to you because the consequences are so serious.

[puloweh555]

As much as possible, avoid borrowing if it is not that important. Maybe only get a loan when it's really for an emergency purpose, for example, a lack of hospital payment or something else, but not at the point where you sell Bitcoin. Although buying or investing in Bitcoin is not a bad thing, the only way to do it is to buy it out of debt.

It would be fine to borrow money if there is another source of income that is more than dalwa; in this matter, I can understand, but if you are just an employee and you are going to borrow money just for bitcoin investment, there is a risk involved for sure. It's even better to buy little by little; it's better than taking out a loan.

It's too risky to invest using a loan, especially if we deliberately go into debt at the bank to buy bitcoin. This is the same as asking for disease because the price of bitcoin is very volatile, we can't predict for sure when it goes up and when it goes down. Moreover, if the loan has a deadline that must be paid, if our investment has not reached the target and even market conditions are not good then the loss we incur will be doubled.

It's better not to force Bitcoin investment if you don't have savings or cold money. Be a wise investor, don't be an investor without careful calculations who ends up ruining your own finances in the future.

Because investment is uncertain. But the installments are certain, especially if the interest is large. Because people won't give you money unless there is an interest. Even if you have to go into debt, it has to be productive, for example to increase business capital. Even then, we have to be full of calculations and research on our business, so that the returns from our business can be partly paid off the debts.