Do not invest in Bitcoin with a borrowed money

[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.

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[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.