Do not invest in Bitcoin with a borrowed money

[Riginac111]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

[1715361039]

1715361039

[1715361039]

1715361039

[Ever-young]

Eh really they very risky for person to invest with money way no be in own for any asset way they like bitcoin way you no fit predict Watin the price go be for future, if person borrow money say in wan carry buy bitcoin him fit just they for that debt forever if the person no take time, because you fit borrow come buy today and the price go just drop down after you buy and you buy with hope say in the next few days or month you go sell pay back, but as you they wait for the market to run up small so that you fit make gain way you go carry sell off, nah so the market go they dip the more and the more you they wait nah so the loan way you take they increase.

The only place way eh fit they small advisable for person to take money way no be in own buy bitcoin nah fit you already hey means to carry pay the debt back and you no they put your payment plan for profit way they come from the bitcoin, that’s if you they expect money way you they sure off at the end of the month and this money you plan to carry am buy bitcoin, but the price come drop to where you plan to buy you fit take money from person buy that money then pay back immediately the money way you they expect enter to they on the safer side.

[Egii Nna]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

That is why I always say you should not take bitcoin as a do-or-die affair. You shouldn’t take the risk that it will be very hard for you to talk less of borrowing money to invest in bitcoin, but the reason people usually end up borrowing is due to the Nigerian situation, in which I can say if the money you borrowed can be paid back yourself without any stress, then you are good to go because talking risk is just the definition of hustle. But mind you, even though you are taking the risk, take the risk that you can endure. Even though you lose, you will not end up broke or fall into suffering.
And again, they say that the higher the risk, the higher the gain, while the lower the risk, the lower the gain, which means when you are borrowing money to invest. You are embarking on a very high risk, and we don’t know what the result will be, so I will just advise you to say if you can take the risks, take them; it might be your success, but don’t take any risk just to prosper; you might fall or lose.

[Honyek]

Bitcoin investment is not always good to borrow money for its investment, but one can choose to borrow sometimes depending on the situation of things at that particular time. Business is full of risk, likewise investment, and bitcoin investment is just like any other investments which are open to risk. So, if one can borrow money for other investments, there is nothing wrong with making such trial.  l think the most important thing is being very careful, and knowing a lot about bitcoin, and its record, and then know exactly the right time to make such investment.

[Majestic-milf]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

Bitcoin is not a get rich quick scheme to put in money and expect huge returns so using borrowed money is not an option. E no get how e wan be, with the rate at which e dey volatile, e get the tendency to incur one loss pass the gain wey dey expected nai make e dey advised say if you dey look to invest in Bitcoin, use money wey you fit part with. Bitcoin investment is like gambling, and as such you no go fit carry money you don set aside for something important like say school fees, house rent or even people contribution do am, make e no go purge you later on.
 Except this advise is to newbies, I no sure say e dey necessary to point am out because such investment nah 50-50 and the chance of coming out the loser if you be bad trader dey high, so why incur more debt if things go south?
People go dey tempted to put money into investing in Bitcoin especially as price dey go up fast and fit think to risk the borrowed fund but just as e sharparly rise, tendency to drop dey too.

[CryptSafe]

It is not advisable to borrow money for bitcoin investments because of the nature of bitcoin volatility. No one can predict the market trend. To talk about it, there is a saying that one should "invest what they can afford to lose" and also "invest with their spare cash". There are reasons why these phrases were formulated, and they stand as enlightenment and caution to the traders who are very much engaged in trading activities, but the newbie traders are mostly advised to take cognizance of them so as to be guided while trading or investing.

Borrowed money does not belong to you, and I believe repaying it comes with interest on it. If it happens that after borrowing to invest in bitcoin, the price drops below your expectations, that would be a problem because you, as the borrower, would depend on the profit from the investment, and I believe there is a stipulated time of repayment. What if the bitcoin market does not pick up before that time to pay it back? What would happen to the borrower? Or do you expect the lender to wait for your bitcoin investment to grow before you pay it back with interest on top? A big no.

[Davidvictorson]

This is a good reminder that is very timely. Now that the price of Bitcoin has gone up and knowing the halving event is around the corner. We know a Nigerian mentality we want to cash out so if you'd go borrow money. What is loan sharks and respect that they will be able to pay back only to be disappointed in the end.

E better say make you borrow the money from your papa and mama than to borrow from outsiders.

[Jegileman]

This reminder dey very important and for bringing it up again for our people here to know dey very good. Dis one no be for only newbies sha but for everybody. Dey get some people wey go don master dis bitcoin trading and go still wan like borrow money to put inside because dey feel say he go big bring money back for dem, make dem no try am because d money go just go like dat if d market move on a downtrend the time wey e put money inside. D market dey volatile and if you want or even if you no wan invest for long time, no use borrowed money to put inside for dis investment. You fit lose everything all to market volatility one day just like that.

[Hatchy]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

If someone has a reason to borrow money, he or should have a substantial way of paying back the Money. It will be wrong to borrow money to invest in Bitcoin and then you are unable to pay back hoping that you will make quick profits to enable you pay back. Bitcoin we all know is volatile investment with it's price  fluctuating. If one must invest in Bitcoin and hope to gain profit, he should consider a long term investment and using your own funds would be more appropriate in this regards

[Agbamoni]

This reminder dey very important and for bringing it up again for our people here to know dey very good. Dis one no be for only newbies sha but for everybody. Dey get some people wey go don master dis bitcoin trading and go still wan like borrow money to put inside because dey feel say he go big bring money back for dem, make dem no try am because d money go just go like dat if d market move on a downtrend the time wey e put money inside. D market dey volatile and if you want or even if you no wan invest for long time, no use borrowed money to put inside for dis investment. You fit lose everything all to market volatility one day just like that.

My broda there is nothing like master Bitcoin trading o. Even professionals they lose money, make bad luck no just fall on person side nah why they bring up tthis matter. Because iof you con borrow money to go trade then bad luck com reach your side say you loose. Nah double wahala you go they. And e go pain you well, how you wan take explain to person say the problem wey you they wey make you go borrow money to go trade you even solve am you still come they on two problems now. Hmm, if you no get money to trade just lock up whenever your personal money come you fit go trade am, if you lose e no go pain but as nah your money you no go too they panic. I like as you talk true. Imagine say you lose person 1.5 million naira for trading how you wan take put mouth beg am to pay the debt and still pay interest on top.

[adultcrypto]

I learnt the hard way in this area of investment. I remember when MMM been dey reign,  many of us been make this mistake of investing with money that is not our own. Some people took loan from bank and even juju. No be small thing o. If MMM no fit teach person something, I don't know wetin go make them learn.

Anything investment should be with personal funds not borrowed funds. It does not always work out fine when you dey manage another person money. There is always risk involved in any investment and it is not safe putting another person's money into risk.

[rachael9385]

I believe say almost everybody for here more especially we Nigerians already know say no be better try to us borrowed money take invest inside Bitcoin, although, e get some kind of people way go like to try use person money or money way em borrow to use invest but for sure, no be better try be that.
I dey always dey talk am right from time to time say, e no dey good to use money way person borrow you take invest for Bitcoin because possiblities dey say the capital way the person invest to dry off like water way them throw away for desert, so if investor use their own hard earned money take invest for Bitcoin and Bitcoin no profit am anything, then no body go harass am because nah em money and nah em decision.

[Promocodeudo]

I agree with you on this op, it is not a good idea to invest in Bitcoin with a borrowed fund when you are investing in anything apart from Bitcoin itself it doesn't make sense to invest with any money in your care or even borrowed money, is just like taking two risks at a time, when you lose such money you will repay the owner no matter what you do, you should use your money to do this so that if anything should occur in the process you take the loss independently, in bitcoin investment no one knows it all, so no matter what you think the market can disappoint your expectations, that's why is advisable to invest with the amount money that wont affect you when you lose it.

[DubemIfedigbo001]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment.

The only risk I see in bitcoin investment is having the wrong mentality when investing in it. Let me explain, bitcoin is clearly not an ordinary investment that you jump into with the expectation of having gains at a slated time frame. Its not like a ponzi scheme that you're promised some gains, its quite understandable that it has a volatile nature and practically nobody knows when it will increase in value or not, so whoever goes into bitcoin investment and cries for loses was misinformed in the first place, or embraced it with a totally wrong mindset. The beauty of bitcoin its that your loses can be transformed to big time gains only if you can wait for the bull run. It is also evident that the bull run occurs mostly after its halving.

using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

Not only bitcoin investment, but all investments. It is not advisable at all to borrow money for an investment that you're not already into, and gaining from. You can only borrow to enhance your stake in an already productive venture. We call it good debt. The worst punishment you can give yourself as a starter its to borrow money for the business. If anything guess wrong, your problem will be doubled. And worse of it all, you borrow from banks or loan sharks, you're doomed as you may end up auctioning your valuable to repay before the collateral is forcefully collected from you.

[Mayor of ogba]

E no good make person borrow money to invest in Bitcoin way you no get any means of repaying your debt because to make a profit from Bitcoin investment you need to hodl your Bitcoin for a very long term like 3-4 years before you go see better profit inside. But if you dey work with a good salary per month and you understand Bitcoin well well and you want to invest on it and you no get the money you fit borrow money invest when you get your salary you go dey repay small small until you pay am finished. Bitcoin is the only thing for the crypto way I know say you no fit lose your money as far as you still dey hodl am unless you sell at a loss when the price drops. Even due Bitcoin price drop e go still rise back just way tin we saw happen for Bitcoin price for few days back.

[Obim34]

This is a good reminder that is very timely. Now that the price of Bitcoin has gone up and knowing the halving event is around the corner. We know a Nigerian mentality we want to cash out so if you'd go borrow money. What is loan sharks and respect that they will be able to pay back only to be disappointed in the end.

E better say make you borrow the money from your papa and mama than to borrow from outsiders.

Sometimes sef even with the one you borrow from papa or mama as soon e reach when una talk to return the money and you no dey respond well na another big wahala and questioning dey go want understand wetin u use the money invest into and if e con be say na huge money omor... Na yawa.

[Franctoshi]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages of the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to lose for the investment.

 some of us who are new to Bitcoin investment have seen Bitcoin as a source of making money, and not knowing that Bitcoin investment has disadvantages and advantages, so using a borrowed for investment is the highest risk so far, so I will advise even our people who are coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for a long time.

This is not only particular to Bitcoin investment but other investments or businesses in general, it is not a wise thing to do because it is a very risky one as there is no such guarantee or certainty that Bitcoin will always continue to increase in value, things could go otherwise, and you get screwed unless you have a solid way of repaying the loan, plus you are given a long duration of time or number of years to pay back the loan, maybe 2–5 years, in this case, your investment in Bitcoin might have appreciated.

[CryptopreneurBrainboss]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

You no supposed think, one of the main rules of investment na say make we no use borrowed money take invest. Investment supposed be sometime wey be say if things no go as you been plan am you fit adjust your investment timeframe add more waiting time. If you been plan to hold to 6 months and after that 6 months things no come out as you plan, you fit add more waiting time but when you dey use money wey no be your own like wey you borrow, e go make fear catch you well well and you go dey rush to sell make you no lose everything and in that process, you dun sell at loss wey be another thing wey you no supposed do when you invest. Borrowed money go make you no get peace of mind and na so you go dey over monitor the market because fear dey catch you. E no matter how small your money dey, no borrow to invest or na you go still suffer am.

Borrowed money does not belong to you, and I believe repaying it comes with interest on it. If it happens that after borrowing to invest in bitcoin, the price drops below your expectations, that would be a problem because you, as the borrower, would depend on the profit from the investment, and I believe there is a stipulated time of repayment.

Very valid point, all this newbies dey think say the market na only one sided so as dem borrow everything go go as dem plan but the market dey always get another plans. Bitcoin na one of the worst assets to borrow money invest inside because the price volatility no be here and if you come get to pay back the money in the nearest future na big problem be dat because the market fit decline that period and put you at a very big disadvantage as you fit no go only lose but now you get to look for another means to arrange money take cover up which is unplanned expenses wey you for fit avoid, if you been just dey contended with what you have and invested with only your spare money.

[Richbased]

It is not advisable to borrow money for bitcoin investments because of the nature of bitcoin volatility. No one can predict the market trend. To talk about it, there is a saying that one should "invest what they can afford to lose" and also "invest with their spare cash". There are reasons why these phrases were formulated, and they stand as enlightenment and caution to the traders who are very much engaged in trading activities, but the newbie traders are mostly advised to take cognizance of them so as to be guided while trading or investing.

Borrowed money does not belong to you, and I believe repaying it comes with interest on it. If it happens that after borrowing to invest in bitcoin, the price drops below your expectations, that would be a problem because you, as the borrower, would depend on the profit from the investment, and I believe there is a stipulated time of repayment. What if the bitcoin market does not pick up before that time to pay it back? What would happen to the borrower? Or do you expect the lender to wait for your bitcoin investment to grow before you pay it back with interest on top? A big no.

Borrowing money to invest in bitcoin will be a mistake because bitcoin is still very young to predict it's future and due to fluctuations in the market prices sometimes one can buy bitcoin with the hope that the price may rice in the future and before you know it the price might drop due to some uncertainty in the future so despite it's volatility, I feel borrowing money to invest on bitcoin isn't a good idea and most time in the essence of waiting for the price to go high that's how the interest of the money being borrowed will be accumulated.

[Dr.Bitcoin_Strange]

Yeah, it's a big risk to loan money in order to invest in Bitcoin, but there are free interest loans that you can ask for from your relatives, friends, and family, which is less of a risk compared to when the investor is taking a huge loan with a significant percentage of interest from the commercial banks. If one takes a free interest loan from relatives, they can repay it gradually from their other sources of income, and even if they default on the loan repayment, they can still resolve the issue amicably, but if it's from the banks, defaulting on the loan will mean extra interest being added.

Inasmuch, I would not advise anybody to take a loan in order to invest in Bitcoin, but I can still tell them to rather take a free interest loan, a loan that will not put them under pressure when they default on the repayment.

[Miles2006]

I don't know how things are done in your area concerning loan , when dealing with loan there must be a collateral and interest so with all this why not wait for your own money , no one can predict the price of bitcoin even robots cannot do that abi the person dey see vision?. I will not advice anyperson to borrow money for investment aside from bitcoin investment any other investment like estate investment, borrowing money is not an option. But seriously speaking no one should borrow money just for bitcoin investment, bitcoin is just an asset so why borrowing money, an asset is something you acquire maybe by working or buying, I see bitcoin as a merit like something  you work for just as the same way people work for money (fait)

[Salahmu]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.
 

Yeah actually aside from Bitcoin it should be also applicable to every other investment, however in as much as investment is concerned there bound to be profits and lose, so irrespective of our positive mindset of believing that every investment tends to yield a very good profits return, perhaps it shouldn't give us the reason why we should invest using borrowed money because one of the factors that determines profits or success from every investment is long time holding however is obvious that with volatility of Bitcoin the only way to be greatly profited from Bitcoin is patient and holding, so if I may ask how would someone pay off the dept when it will take years for the investment to mature?.

All this factors should be put in consideration before making any attempt to borrow money for investment because this is one of the things many people are facing borrowing money with the hope of paying back through the profits that would be realized from the investment and if perhaps the investment doesn't favour them they would be left with no option but to sell off the investment with a discounted price in other to clear those dept, which is a very poor investment plan.

[CryptSafe]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

You no supposed think, one of the main rules of investment na say make we no use borrowed money take invest. Investment supposed be sometime wey be say if things no go as you been plan am you fit adjust your investment timeframe add more waiting time. If you been plan to hold to 6 months and after that 6 months things no come out as you plan, you fit add more waiting time but when you dey use money wey no be your own like wey you borrow, e go make fear catch you well well and you go dey rush to sell make you no lose everything and in that process, you dun sell at loss wey be another thing wey you no supposed do when you invest. Borrowed money go make you no get peace of mind and na so you go dey over monitor the market because fear dey catch you. E no matter how small your money dey, no borrow to invest or na you go still suffer am.

Borrowed money does not belong to you, and I believe repaying it comes with interest on it. If it happens that after borrowing to invest in bitcoin, the price drops below your expectations, that would be a problem because you, as the borrower, would depend on the profit from the investment, and I believe there is a stipulated time of repayment.

Very valid point, all this newbies dey think say the market na only one sided so as dem borrow everything go go as dem plan but the market dey always get another plans. Bitcoin na one of the worst assets to borrow money invest inside because the price volatility no be here and if you come get to pay back the money in the nearest future na big problem be dat because the market fit decline that period and put you at a very big disadvantage as you fit no go only lose but now you get to look for another means to arrange money take cover up which is unplanned expenses wey you for fit avoid, if you been just dey contended with what you have and invested with only your spare money.

Na the problem with newbies be that o. Dem no dey broad in their thinking when it comes to Bitcoin investment. As e be say dem never get the market experience Naim make dem dey always wan do hurry hurry to invest in Bitcoin forgetting say the market no be as dem envisage am to be. Dem no really get clues on Bitcoin market volatility not to talk of market experience.
Most of the newbies wey dey enter the invention plans Na based on say dem tell dem as e be dem never get the trading experience though and as a result of wetin dem don hear, dem want run test to see as e be but unfortunately, the way dem dey take enter the market no be so as e be that is why you dey hear people say dem buy high all of a sudden price drop den dey get stucked up at a particular spot for a long time without being able to sell because they would be at lose if they try sell at that price they bought initially.

[Pi-network314159]

Investment na all about capital. If you no get saved capital to start up a crypto business or investment, you need to work for it or start up a small business which will be yeilding you some profit to invest on Bitcoin. Volatility of Bitcoin is the primary priority to make you not borrowed money for starting up a Bitcoin business. there are certain criteria governing loan which is interest rate and time of return. Bitcoin is volitile which means it's unpredictable and has no constant direction rather it's work with demand and supply which the market ia volitile and controlled by some certain set of people.  Emagine you borrowed #100k with the interest rate of #40k that is the total return of #140k and you invested the sum of #100k. Instead of making profit by month end, you Lost instead,.how Would you pay back the the interest when you have not made profit.

I think this type of thing has caused many micro finance bank to go bankrupt. people will borrow money to invest a business which is not properly investigated to know the advantage and the disadvantages of the business. When it collapse you start to borrow money from people to pay interest. Before you no you have gradually became a certified borrow and pay.

[rachael9385]

Investment na all about capital. If you no get saved capital to start up a crypto business or investment, you need to work for it or start up a small business which will be yeilding you some profit to invest on Bitcoin. Volatility of Bitcoin is the primary priority to make you not borrowed money for starting up a Bitcoin business. there are certain criteria governing loan which is interest rate and time of return. Bitcoin is volitile which means it's unpredictable and has no constant direction rather it's work with demand and supply which the market ia volitile and controlled by some certain set of people.  Emagine you borrowed #100k with the interest rate of #40k that is the total return of #140k and you invested the sum of #100k. Instead of making profit by month end, you Lost instead,.how Would you pay back the the interest when you have not made profit.

I think this type of thing has caused many micro finance bank to go bankrupt. people will borrow money to invest a business which is not properly investigated to know the advantage and the disadvantages of the business. When it collapse you start to borrow money from people to pay interest. Before you no you have gradually became a certified borrow and pay.

Yes, I really support watin you talk sha, like we already know say if we won run any business like to launch or own company or even investment platforms, we go must need money to take carryout the plans, money nah the capital to take start up anything and money nah also the kept for investment, if money no dey, profits self no go dey.
I no agree for person to use borrowed money to use invest for Bitcoin because guaranteed no dey say the person to get profit anytime soon and still on still the person fit still lose the whole borrowed money way em put inside crypto currency (BTC).

[EluguHcman]

some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages,

Of course Bitcoin investments is a source of income because it offers profits else there would not be an interest to Invest.
Rather it is not advisable to be projectized as only source of income. That is why the terminology of diversifications is adopted.
 

  we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

Investing on Bitcoin and forgetting about it for a long time is an individual decision if you are trading for a short-term or a long-term investment and not that Bitcoin investments demands a forget about it for a long time but however, the goal of every traders and investors is to make profits so the volatility of Bitcoin as a causes of its possibilities to face inflations and deflations is a call to exercise patient so one can achieve its goal in the Bitcoin markets.

Yes it is advisable to kickstart your Bitcoin investment with a tolerable capital (amount) as a newbie Incase there is an error market para-venturely to lost so one can be able to withstand the effect.
I don't know why this "not borrowing money to invest on Bitcoin" has come to statement of a formula in the Bitcoin industry 😏.

As long all businesses and other investments is liable to money borrowing to raise capital which also involves risk taken, Bitcoin sector can not be exceptional to money borrowing too for it capital but due to the diverse potentials of Bitcoin, conditions issued on the money borrowing should be considered specifically on time factors and interests factors else it is a good to go but must not be an act of emotional control.

[CryptoHeadlineNews]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

Na truth you just yan so @ O.P regarding this matter about the effect of borrowing money and why it's not good for people to borrow money just to invest in Bitcoin while having the mindset to make quick profit, and pay back debts due to the nature of it's volatility, and as such, it's outcome not always as predicted, but fall or raise due to demand and supply. Hence, making Bitcoin an investment asset we ought to invest with an amount we can always afford at the moment, and as time goes on, we can keep increasing our wallet portfolio, while hoping to hold on for dear life "hodl" if you really want to reap good profit of your investment in the future.

Moreover, another disadvantages of borrowing money to invest in Bitcoin is that while you are holding to make profit of your investment, so is the interest of your load increasing, and as such, you are just only struggling to pay debt and not own an asset.

[Y3shot]

Their are many reasons why borrowing money to invest in bitcoin is not good is that even if one borrow the first time to invest  and succeed it will become habitual that can lead someone to serious problems , so it is just better to never consider borrowing money as a way to invest in bitcoin.  If one is thinking of borrowing money to invest bitcoin that means he will still need money from the investment to solve some problems and thus means the investment won't end up well because much attention will be giving to it. Using extra fund that won't be needed for emergency is a good way of investing bitcoin.

[Makus]

if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

i no see any reason wey go make person borrow money take invest, because payback time dey always look difficult and I never see any post wey dey advice person to use loan take do investment, not to even talk of Bitcoin, person wey use borrowed money take invest I see am as better gambler, this na one of the reason dem say make person gather enough knowledge before em enter into bitcoin investment so that e no go make all this anyhow mistake dem. The volatility of Bitcoin suppose to even make the person fear especially if the person come go invest when the market wan approach the dip, if person make that kind terrible mistake e go suffer well well em.

[Sim_card]

The reason why it is not a ethic to borrow money and invest in bitcoin is because the best way to get profit from bitcoin is when you invest in a long term, with this it becomes a big problem to borrow money for such duration of time. Only the interest will be a pain in the ass. Borrowing money to invest on a short time will make you run at loss because if bitcoin price dips, below your entry point, you will panic and sell believing that the price will not pump back. Only use your own money to invest and if you don't have a job, you should look for a means of getting income and invest in bitcoin for a long time with patient and rest of mind.

[rachael9385]

if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

i no see any reason wey go make person borrow money take invest, because payback time dey always look difficult and I never see any post wey dey advice person to use loan take do investment, not to even talk of Bitcoin, person wey use borrowed money take invest I see am as better gambler, this na one of the reason dem say make person gather enough knowledge before em enter into bitcoin investment so that e no go make all this anyhow mistake dem. The volatility of Bitcoin suppose to even make the person fear especially if the person come go invest when the market wan approach the dip, if person make that kind terrible mistake e go suffer well well em.

The truth be say, no be just to get Bitcoin knowledge be the thing but make most people also think to get common sense join, person fit get Bitcoin knowledge but still think am say e go help am, if em go borrow money take invest for Bitcoin.
Nah true say inside Bitcoin investment risk self dey and truth be told, no body should use borrowed money to invest in Bitcoin, no be must say the agreement go dey for this forum be for person go know say e no good, nai make I talk say common sense matters most.

[Adams0001]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

Exactly you need to invest money that you can afford to lose because Bitcoin is volatile the price can increase and decrease anytime no body fit predict am, that is why is advisable you should have something doing like business or government worker so that you can invest in it you won't be too much worry about the volatile because you a salary earner you can fit invest any amount on it even the market did not go well, anytime the price can increase but if you take debt and invest on bitcoin and the debt will due in the next 4 to 5 months and the price of bitcoin decrease  that time how can you pay the debt you will sale your coin in lose, because you don't have any source of income that you can replace with it and you will start borrowing money in different locations to replace the debt you took and invest in bitcoin so is not advisable to invest money that is not your on in bitcoin because is very risky.

[Hewlet]

Borrowing money for any form of investment is not always the best thing to and in this context where you might need to hodl off without knowing the fixed date you will be getting a return that will allow you to pay back, it's not advisable at all.

If you are interested in buying Bitcoin you can do so by starting with a little amount you could ignore while waiting for a good return.

Of course, those who are financially stable and who are looking for ways to invest their wealth can use big capital for the investment but an average person should rather stick with what he can afford rather than get pressurized to take up a loan to buy Bitcoin

[Salahmu]

Borrowing money for any form of investment is not always the best thing to and in this context where you might need to hodl off without knowing the fixed date you will be getting a return that will allow you to pay back, it's not advisable at all.

Of course what you said is true because irrespective of how sure an investment may seem, borrowing money without any reserve funds to settle for the depth if the investment goes wrong is not a good investment.

One of the things that normally affect most people is failure to plan or draw a good strategy that would serve as a back up plan if we invest on Bitcoin using borrowed money because just like every other business we do making sure of other diversification is very important because business or investment has no assurance that the possibility of succeeding if venture into is not certain at all, so having it in the back of our mind that the possibility of succeeding using the borrowed money to invest on Bitcoin is not sure, so there should be a plan for reserve fund in other to pay the depth if the investment fails.

[Silver005]

When it comes to investing, it's generally considered a bad idea to borrow money, especially if you're investing in something as volatile as Bitcoin. Not only does this increase your risk, but it also means that you're likely to end up paying more in interest than you would make in gains. If the value of Bitcoin drops, you'll be left with a loan to repay, and no way to make up the difference. This could leave you in a difficult financial situation, potentially even facing bankruptcy.
Even if the value of Bitcoin does increase, there's no guarantee that it will continue to do so.

It's generally not a good idea to borrow money to invest in Bitcoin, or any other high-risk investment for that matter. The reason is that if the value of Bitcoin drops, you'll be left with a loan to repay, and no way to make up the difference. This could leave you in a difficult financial situation.
If you're thinking about borrowing money to invest in Bitcoin, it's important to weigh the risks and rewards carefully. Make sure you have a solid understanding of how Bitcoin works, and be aware of the potential for loss. It's also a good idea to speak to a financial advisor before making any decisions.

[Marykeller]

This advice of not to invest in bitcoin with borrowed money should be spread across to everyone wey we know not only in this forum but to the people wey d come in contact with bitcoin for the first time to invest on am due to wetin dem d hear about bitcoin halving giving them profits during the bull run.

I know as we all dey here so, we don d, one way or the other the tell our family and friends about the upcoming bitcoin halving and the bull run wey go happen next year. And in the process, we go fit d ginger them to invest in bitcoin to make big profits from am, forgetting sae in bitcoin investment you don't  persuade person to invest in bitcoin(allow them to that at their own freewill) because whatsoever that happened to their investment for bitcoin na you dem go hold responsible.

In nutshell wetin I wan yarn be sae as we d advise one another not to invest in bitcoin with borrowed money, make we no also persuade one another with the hope that bitcoin go make them rich if them invest big. We no go like to hear in a situation wey peso sell em properties over bitcoin investment.

[adultcrypto]

Na this kind thing people been do well well wen MMM been dey reign. The story them pass funny abeg. You go see person collect meeting money go put for MMM with the hope say him go sharperly double am to pay back get small change. The casting wey MMM do people ehhh, na only God for forgive whoever bring that thing come we country.

I been think say plenty people go learn from MMM, but e get other things them like thinks, mapus and all other ponzi cheme them like MBA forex we still obtain people wetin no good. Those one show say people no really learn.

I no surprise say people still dey borrow money to take run wetin them call investment. That na bad thing to do because e no dey always gel. Even though say Bitcoin look different and better, I no fit still advise anybody to borrow money take buy Bitcoin.

[Youngkhngdiddy]

Yeah actually aside from Bitcoin it should be also applicable to every other investment, however in as much as investment is concerned there bound to be profits and lose, so irrespective of our positive mindset of believing that every investment tends to yield a very good profits return, perhaps it shouldn't give us the reason why we should invest using borrowed money because one of the factors that determines profits or success from every investment is long time holding however is obvious that with volatility of Bitcoin the only way to be greatly profited from Bitcoin is patient and holding, so if I may ask how would someone pay off the dept when it will take years for the investment to mature?.

All this factors should be put in consideration before making any attempt to borrow money for investment because this is one of the things many people are facing borrowing money with the hope of paying back through the profits that would be realized from the investment and if perhaps the investment doesn't favour them they would be left with no option but to sell off the investment with a discounted price in other to clear those dept, which is a very poor investment plan.

 It’s not advisable to use borrowed money for trading or do anything relating to cryptocurrency, financial experts will warn you against doing such. This is because of how highly volatile the market is, even  before you trade any asset in platforms like Binance, they will remind you of the risk involve in trading and how you could lose money if the trade should go against your trading view. By clicking on the terms and conditions you have sign for whatever risk that might occur. For them to constantly remind you about the risk involve in trading. That means it’s not always given in a platter of gold. Borrow money to trade is desperation to me and when we are desperate looking for money, we tend to make irrational decisions that might cost us how capital.
 Borrowing money for other businesses that is not crypto related is actually not a bad idea. After all most of this big companies and businesses today were funded with borrowed money. It all part of the process in business. A business man will see it as opportunity to expand knowing very well that at a given time they will pay back with their interest, people who have believe in third business and are dedicated to it won’t have problem going to the bank for loan because they know what their business is capable of generating with the borrowed money they can afford to expand their business. Majority of the businesses we have today if I’m not mistaken is built on borrowed money maybe from the bank or some friends and family. It is just left to how productive you can be with the money that is given to you.
 

[RockBell]

The reason why it is not a ethic to borrow money and invest in bitcoin is because the best way to get profit from bitcoin is when you invest in a long term, with this it becomes a big problem to borrow money for such duration of time. Only the interest will be a pain in the ass. Borrowing money to invest on a short time will make you run at loss because if bitcoin price dips, below your entry point, you will panic and sell believing that the price will not pump back. Only use your own money to invest and if you don't have a job, you should look for a means of getting income and invest in bitcoin for a long time with patient and rest of mind.

The nature of bitcoin won't allow you to enjoy is potential for a short period of time. In situation you if anyone have interest in bitcoin and does not have enough money, there is ways to make your dream come through if from his or she income he can take out some amount of money to invest and gradually adding up anytime he or she gets paid.  That's what makes bitcoin investment sweet.

Even if you don't invest in bitcoin with borrowed money but one thing I noticed is that, taking loan for any kind of business needs proper planning if not the business will fail am very sure of that, there are people who do well with money they borrowed to invest in business, but as for me if you don't have another means of earning don't borrow to invest in bitcoin.

[Nheer]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

Invest in Bitcoin with an amount you can afford to lose else you will never see the peace of mind you seek as you monitor bitcoin price every day. Just as it is in gambling (i am not comparing bitcoin to gambling) People should always assume money invested as money lost already, they should not have too high expectations for the money they invested since bitcoin has 50-50 chance of making profits. It is possible to lose money from bitcoin even though it is the safest means of online investment so we should learn to invest an amount we can afford to lose.

some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

Not just Bitcoin investment i think this is applicable to every kind of investment but of course this topic is about bitcoin investment. Everyone knows bitcoin investment is not 100% safe, the risk involved is also a thing of concern since bitcoin has a volatile nature and it’s price fluctuates and can move up or down at anytime. So just imagine borrowing money from someone you promised to back after some time and bitcoin price has not been doing so well at that period and it is almost the due date you promised to to pay back, how are going to pay back your debt? So you see, using your money to invest is the best way to invest because borrowing money to invest will only create more problems for you and you will not have peace of mind.

[Rockson1]

If we use borrowed money to invest in Bitcoin that means we are trying to risk more than even those that are gambling, using borrowed money to invest in Bitcoin will give us more harm than using our own money to invest in Bitcoin, there is no guarantee in Bitcoin investment.

[Roseline492]

Inasmuch, I would not advise anybody to take a loan in order to invest in Bitcoin, but I can still tell them to rather take a free interest loan, a loan that will not put them under pressure when they default on the repayment.

I agree with you bro, asking someone to collect a loan to invest on Bitcoin is not an option to consider at all because we no fully well that Bitcoin price is very volatile to easily start making profits immediately and if the intention of the person is to pay the dept from the profit he or she may realize from the investment so how would the person clear the dept.

So just like you said the best way is to get a free interest loan but the question is that who would give you a free interest loan? Because considering the kind of society we are today nobody will agree to give anything without making profiting from it, and even if the government still give loans to empower people it could take many months  before you will be cleared to be giving the loan.

[Onyeeze]

Investment is good but using a borrowed money to invest in bitcoin I think that is not supposed to be in that form, so if you are borrowings money Investment you are putting yourself in a very big trap, because when you invest and you lose for your investment I think you are in trouble whereby the capital you use will be asked to repay the money and you have to borrow another money with interest to repay the one you have already borrowed, so that is why we say that you should at least make sure that you make use of money for investment and let your money should be your spare money and money that will not bother your savings and money you can afford to lose

[Justbillywitt]

Before person go venture into any form of business the person need to get adequate knowledge about that business. Bitcoin investment no dey different from other investments, just that it is highly volatile and requires patience. If person fit borrow money do contract, and do other form of investments I see nothing bad in doing that with bitcoin. The difference is just that the maturity time might differs. Depending on your borrower and the terms and condition on the loan. Imagine borrowing money and investing it during the bear market when bitcoin and other alt coins are down. Imagine the profit you will make when the bull market returns. As a day trader I will agree with you on this but as a long time investor I will have a different view on this. Borrowing money and investing it in quality projects like Compound, Ethereum, Bitcoin, etc and not just some shit coins with no real life use cases in bear season and hodl till the bull season will doubtlessly bring back good profit in due time. Moreover money invested in bitcoin as a long time holder is never lost. 

[Spaceman1000$]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

Is not ideal to invest in a business with borrowed money because how do you sustain the business, how do you pay your operational cost, because your day-to-day running of the business will be sustained my money and I don't think borrowed money will do that. Bitcoin investment requires time and patience for you to begin to get your return in investment. so how do you borrow and you begin to tell the person you borrowed from to be patient pending when you begin to get profit in your business or your investment that's not right.

[Agbamoni]

OP you talk well o. Imagine say person go borrow money to invest in Bitcoin then e con loose omoh na double wahala o. One him no get money of him own and secondly him now go pay person wey e owe. And the way things go just choke am for neck that period because the person go they pressure am to pay back the money. I wonder weting they give that person mind to think say him go fit tell weting go be the price of Bitcoin. Normally them done talk am say make person no invest money wey e no wan loose for Bicoin and that borrowed money nah money wey person no go like loose. So e no they advisable at all unless say the person they assured say him no they hope for return of investment to use pay the person back maybe nah from money him they expect sooner. At least that one they understandable.

[Dr.Bitcoin_Strange]

So just like you said the best way is to get a free interest loan but the question is that who would give you a free interest loan? Because considering the kind of society we are today nobody will agree to give anything without making profiting from it, and even if the government still give loans to empower people it could take many months  before you will be cleared to be giving the loan.

What I want to say might look funny, but did you not hear that during the exchange of the new currency, there were old men and women who had some million old naira notes just hidden in their rooms for years? It's just been there, sitting and depreciating in value. Well, it's sometimes difficult to get a free interest loan, but you can actually get it from relatives or your boss. If your intention for the loan is well convincing for that your relative and you also inquire from them about how soon they will need the money, then you will know what decision to take.

[Makus]

The only reason I dey think say people dey invest for Bitcoin with borrowed money na because them be traders, and Bitcoin dey benefit holders pass traders, for main sense how person sef go think of to borrow money wey go get interest take invest for wattin you nor know wattin fit happen the next day, question like, what if the time wey the loan go due for payback na when the market dey for bearish movement suppose dey for the head, volatile nature of this coin and any other crypto no good for investment wey them start with borrowed money at all. The only exception wey I dey see for inside na when the market experience dip for the middle of the month and the person dey expect salary dem that person fit do am provided say e go pay back as the salary land.

[Silver005]

I think it is ok very Big risk for someone to invest in Bitcoin with a borrowed money, because no one knows tomorrow,it maybe be faviourable to you it also may lead you in owning a debt..



Investing in Bitcoin with Borrowed Money: Risks and Rewards
More and more people are considering investing in Bitcoin, but some are doing so with borrowed money. While this may seem like a good way to make a quick profit, it's important to understand the risks involved. In this article, we'll explore the pros and cons of investing in Bitcoin with borrowed money and give you some alternative options to consider.
One of the main benefits of investing with borrowed money is that you can potentially make a larger profit. If the value of Bitcoin increases, you could make back your original investment and then some.

However, there are several risks associated with this strategy. First, if the value of Bitcoin decreases, you could end up losing both your borrowed money and your original investment. This is known as margin call, and it could lead to serious financial problems. Additionally, interest rates on borrowed money can be high, which can eat into any potential profits. Finally, using borrowed money to invest in a volatile asset like Bitcoin is risky, as you could end up in debt if things don't go as planned.
It's important to weigh the risks and rewards of any investment before making a decision.

[Out of mind]

Never invest in Bitcoin by borrowing and lending money as it is always risky. Bitcoin investment though can be done for profit and future gain but is a long term investment. However, it is never advisable too invest in Bitcoin with a loan and expect to make a profit, any time the market may start too fluctuate and you may face losses. When you borrow money and invest if it doesn't make a profit, u will lose money paying the interest on the loaned money later. So investing in Bitcoin by borrowing for a short period of time can be risky for u as anytime market volatility starts and losses may occur. And if u want to invest for long term then of course it can be good, but the risk remains that if you want too return someone else's money at any time u will have too pay with his profit. So I think if you invest then definitely do it with your own savings, it will be long term for you and give you good returns.

[DubemIfedigbo001]

Investment is good but using a borrowed money to invest in bitcoin I think that is not supposed to be in that form, so if you are borrowings money Investment you are putting yourself in a very big trap, because when you invest and you lose for your investment I think you are in trouble whereby the capital you use will be asked to repay the money and you have to borrow another money with interest to repay the one you have already borrowed, so that is why we say that you should at least make sure that you make use of money for investment and let your money should be your spare money and money that will not bother your savings and money you can afford to lose

yea definitely, If you borrow money to invest ion bitcoin and its time for you to repay the money with the supposed interest, what if you're still losing in your bitcoin investment?. That means you will look for another source to borrow and cover up your debts, very correct. Now the real issues is that as you continue borrowing to cover your earlier debts and surely you are always to pay with interests, will your investment in bitcoin appreciate to the extent that it will cover your debts as you continue borrowing?, and how long do you think you can continue borrowing to offset your debts before your investment appreciates?. Remember, no one one knows when exactly the value of your investment in bitcoin will appreciate. Even if you will borrow to invest in bitcoin at the moment, be sure it's a sum you can repay by your own hustles, so when you repay, you continue living and normal life and not being under unnecessary pressure because of your investment.

Bitcoin investment no dey different from other investments, just that it is highly volatile and requires patience. If person fit borrow money do contract, and do other form of investments I see nothing bad in doing that with bitcoin.

let me correct you bro, Bitcoin investment is very different from other investments. Reason being that as you stipulated here of someone borrowing money to do contract, at least the contract has terms and conditions, a definite time frame for engagement and a definite ROI. In bitcoin investment, you have no guarantee from anybody and there is no definite timeframe for your investment to appreciate. You have to keep waiting, no matter how long it takes and that's what is called Hodling your investment. You would not sell easily, unless you are not interested in getting gains. Now when you borrow money for an investment that you don't even know when you're going to have profit from your investment and bearing in mind the lender has given you a definite time to repay, or you keep paying interests, isn't that foolishness to go for that kind of loan?. Of course, that means shooting yourself on the foot. So bitcoin investment is vey different from other forms of investment and very risky, but its surely very rewarding if you can wait long enough.

[Youngkhngdiddy]

let me correct you bro, Bitcoin investment is very different from other investments. Reason being that as you stipulated here of someone borrowing money to do contract, at least the contract has terms and conditions, a definite time frame for engagement and a definite ROI. In bitcoin investment, you have no guarantee from anybody and there is no definite timeframe for your investment to appreciate. You have to keep waiting, no matter how long it takes and that's what is called Hodling your investment. You would not sell easily, unless you are not interested in getting gains. Now when you borrow money for an investment that you don't even know when you're going to have profit from your investment and bearing in mind the lender has given you a definite time to repay, or you keep paying interests, isn't that foolishness to go for that kind of loan?. Of course, that means shooting yourself on the foot. So bitcoin investment is vey different from other forms of investment and very risky, but its surely very rewarding if you can wait long enough.

   Using borrowed money to invest in bitcoin that is highly volatile is a high risk, it’s not financial wise to use a borrowed money to invest in a long term project. One thing we need to know is that bitcoin is going no where and it’s here to stay, there is still time to gather enough capital to step in, bitcoin doesn’t have any late comer, you can start  investing or trading at any time as long as you know what you’re doing. In terms of opportunity, Bitcoin investing is a one-way street, and due to the high degree of volatility in the market, there will be periods when your investment will be hemorrhaging money and leading to large losses.
    People want to invest in cryptocurrency because, First, because they want to hedge their net-worth against the fall of the Dollar imperium, which is assumed by many people to inevitably happen at some time. Second, because they want to support the social vision behind cryptocurrencies – that of a free and hard money for the whole world. Third, because they want to understand and like the technology behind it.

[Richbased]

OP you talk well o. Imagine say person go borrow money to invest in Bitcoin then e con loose omoh na double wahala o. One him no get money of him own and secondly him now go pay person wey e owe. And the way things go just choke am for neck that period because the person go they pressure am to pay back the money. I wonder weting they give that person mind to think say him go fit tell weting go be the price of Bitcoin. Normally them done talk am say make person no invest money wey e no wan loose for Bicoin and that borrowed money nah money wey person no go like loose. So e no they advisable at all unless say the person they assured say him no they hope for return of investment to use pay the person back maybe nah from money him they expect sooner. At least that one they understandable.

Even borrowing itself is a risk whether you borrow to invest or you borrow to start up a business anything pertaining borrowing is risky even when an interest is not involved. We should understand that borrowing takes someone's financial planning backwards because if you borrow money to open a business, and as you are doing the business that's how you're repaying the money you borrowed what if peradventure the business collapses and you've not finish repaying all the money you borrowed coupled with inability for you to meet up your daily needs since you no longer have a means of livelihood after the collapse of your business how can you be able to cope in such situations.

It is necessary for us to understand that sometimes borrowing favors people in the sense that you may be introduced into a business that will pay as quick as you invest in it and then you take a risk and borrow money then you invest in that particular business and luckily you start succeeding in the business then you can return the money being borrowed while your business still stands.

But however, most times borrowing draws us backwards as instead of thinking about things you can do with money in the future, you will start thinking of paying previous debts you have incurred. And again people run into depression when they are unable to settle an outstanding debt they borrowed, sometimes one can even be so emotional of not being able to settle their debts and may certainly fall ill due to thinking and calculations of how to settle debts.

[Jamestown70]

Borrowed money to invest in Bitcoin no be bad thing at all but the thing is that you get back up if this investment no work as plan na there problem fit burst because as you dey plan am most times no be so the outcome of the investments they be some times, sometimes we see people who dey take loan from bank or other financial institution wey dey invest am for Bitcoin and them dey get there profit from am so to borrow money do investment no bad the only thing be say you go dey very mindful for the amount wey you dey borrow and also evaluate you monthly income make e no go choke you.

[Dzwaafu11]

E better say make you borrow the money from your papa and mama than to borrow from outsiders.

Exactly, you are right. On the other hand, borrowing money to invest in bitcoin is not a bad idea when you look at it, but knowing the kind of person you are about to borrow money from and if you don’t have the means to pay back, don’t borrow is not good either. You saying you will wait till you get profit from your bitcoin investment will cause you problems with the person you borrow the money from, so that is why you need to get another source of income while doing crypto investment, and this will make the person who is about to borrow your money believe that you will pay him back in a short period of time.

So investing in Bitcoin by borrowing for a short period of time can be risky for u as anytime market volatility starts and losses may occur. And if u want to invest for long term then of course it can be good, but the risk remains that if you want too return someone else's money at any time u will have too pay with his profit. So I think if you invest then definitely do it with your own savings, it will be long term for you and give you good returns.

It depends on how you take a loan. If you take a loan, it depends on your investment, or if you think that until you get a profit, you are going to pay it back. That is when I will say it’s definitely bad because you don’t even know when the market will favour you, and the person who owns the money will be waiting for his money to be returned. So that is why someone needs to have backup for paying back the loan, not until you wait for your investment. I think that will also be etter.

[Dripplurd]

Eh really they very risky for person to invest with money way no be in own for any asset way they like bitcoin way you no fit predict Watin the price go be for future, if person borrow money say in wan carry buy bitcoin him fit just they for that debt forever if the person no take time, because you fit borrow come buy today and the price go just drop down after you buy and you buy with hope say in the next few days or month you go sell pay back, but as you they wait for the market to run up small so that you fit make gain way you go carry sell off, nah so the market go they dip the more and the more you they wait nah so the loan way you take they increase.

The only place way eh fit they small advisable for person to take money way no be in own buy bitcoin nah fit you already hey means to carry pay the debt back and you no they put your payment plan for profit way they come from the bitcoin, that’s if you they expect money way you they sure off at the end of the month and this money you plan to carry am buy bitcoin, but the price come drop to where you plan to buy you fit take money from person buy that money then pay back immediately the money way you they expect enter to they on the safer side.

To me oo i think it is better for you to invest in bitcoin with your own money than a borroewd money,because to me who borrow money and invest in bitcoin is like person wey borrow money from lapo because for, example you borrow 100k and invest,and you are expecting let say like 150k in a year time in return and before the year dollar come lose value you that you're expecting 150k you come dey see like 50k wat how are you going to pay the dept you owe back .

[Mr.suevie]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

Only a fool that doesn't understand the crypto space would actually think of using borrowed money for an investment, be it Bitcoin or any other type of coin. I would like think that money which is borrowed always come with an interest percentage and a specific time to actually pay back which in most cases are not even up to a year and we all know that Bitcoin investment something takes more than even three to four years before it starts yielding any good profits.

[Suzume]

I think it's highly risky work because borrowing money is time limited. You have to pay the money in the right time. Investing is risky you have to invest with your own capital and that amount capital if you face loss you can recover it. Investing in borrowing money is risky because every investment don't show you that you will gain profit 100%. In many investment you have to face losses if your luck favour then you will get profit but every time like doesn't fevour. That's why if you don't able to invest your own capital then don't take risk on borrowed money because if you lost it you have to suffer a lot.

[Benedictare]

In starting any investment one need to plan for it before you proceed,borrowing money or to set-up a business or investing in Bitcoin is a very wrong idea because of the risk involved.


  Risk is the future unknown about an action from expected earnings or expected outcome of an investor.  Investment has to do with some degree of risk and so investing you need to think about the potential financial loss inherent in an investment also you need to consider the risk factors that will be affecting your investment, in Bitcoin, how long are you investing short-term (1-6 months ) or long-term (10-20 years) before it matures will the person you borrowed from be patient enough for you,or what if you invest at a higher value rate,and latter the market price deprecate,unexpectedly what will you do ,how will you regain the loss ,or you are being banned  how will you cope ,so it is advisable that you use whatever you have or wait when you have fund of your own to invest, so that in case of anything you are safe comfortable and secured  without any problem coming to you

[DaNNy001]

For investment of Bitcoin I think it's good to invest with your own money instead of using a borrowed money because of the risk and disadvantages in the investment, if you want to invest in Bitcoin I think that you should use what you can be able to afford to loss for the investment.

 some of us who is new in Bitcoin investment have seen Bitcoin like a source of making money, and not knowing that Bitcoin invest have disadvantages and advantages, so using a borrowed for investment is a highest risk so far, so I will advice even our people who is coming to invest never to borrow money for a risk investment despite that theirs no investment that is not risky but we should amend our ways and know that Bitcoin investment is something you invest and forget about it for long time.

That's a really insane thing to do, because I can't imagining using money borrowed to make an investment in Bitcoin. Bitcoin as we all know is really volatile asset and using money that you borrowed that is supposed to have fix payment date for an investment on something that can take long before it can actually yield profit, isn't really the coolest way to go about it and I believe people that actually do this are those that are off the wrong impression of Bitcoin and the get-rich-scheme they think Bitcoin is, because so many people are of the thinking that Bitcoin is actually an asset that can make rich over night which is a very wrong impression of Bitcoin.

[Victorybit1]

It is wrong to borrow money to invest in anything and to start a business without a business plan. It's better to save up the capital and start, and over time, you can take a loan to support the business. I have a neighbor who borrowed money from people for forex trading, and now all those people are pressuring him to repay them.

[Dr.Bitcoin_Strange]

That's a really insane thing to do, because I can't imagining using money borrowed to make an investment in Bitcoin. Bitcoin as we all know is really volatile asset and using money that you borrowed that is supposed to have fix payment date for an investment on something that can take long before it can actually yield profit, isn't really the coolest way to go about it and I believe people that actually do this are those that are off the wrong impression of Bitcoin and the get-rich-scheme they think Bitcoin is, because so many people are of the thinking that Bitcoin is actually an asset that can make rich over night which is a very wrong impression of Bitcoin.

Yea, that's right, it's not actually wise to invest loaned money in Bitcoin, mostly loans that have some sort of huge interest rate and a deemed period of repayment, but I was suggesting taking a free interest loan from relatives, although it depends on how suddenly they will also want to use the money. If one is lucky to have relatives who prefer to save fiat in the bank for a number of years, then it will be easier for the person to request the loan with a promise of repayment in a 5-year interval, when the bull market will likely be on by then. If the person is even lucky enough to buy at the very bottom of the market, they can make some profits when the market begins to go up a bit.

[Onyeeze]

If you wan borrow do business when e go lose which money wey you go use pay people so waitin I wan tel you is that make just dey wait until you saved beta money before you go start say you wan do business because now wey bitcoin price dey 37k and you cum look am see sey bitcoin price now wey the price 37k sey if e com down you go buy, e beta make you buy now and when you lose e go no say you don lose, so if buy now wey the price dey 37k and e reach tomorrow the price cum down to 20k and you lose how you go do the money wey you go borrow,me I no go tell you make you come dey use borrow money for investment,  e no make any sense