Balancing Financial security and Bitcoin Accumulation

[gracreavix]

How are you digging a hole for yourself when you are not paying back from your bitcoin investment?
Don't you understand that once your ability to pay back have nothing to do with the final outcome of your bitcoin investment, you have nothing to worry about?
Taking a loan to invest in bitcoin is not a problem as long as you have other source of repaying it back.

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

[Finebone]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin,

what are you even saying?
So you prefer me telling a lie just to entice newbies investors into investing in bitcoin?
Don't you know that your lie will come back to hunt you once things aren't going as planned on their own end, and you will take the whole blame for misinforming them about bitcoin?
so it's more better to say it as it is than to misinforming anyone from the very beginning.

as a newbie you have to understand the strategies of the market first before investing

As a bitcoin investor, your don't need to understand any market strategies before you start your Bitcoin investment, those are for traders, not investors like us.
What you just need is the basic knowledge on Bitcoin and how to go about your accumulation, and once you have your discretionary income in place, you are good to start, while investing you can seek further knowledge on Bitcoin and how to develop a strong holding hands, like having an emergency and reserve funds, but analyzing or understanding market strategies are not for investors like us.

[Grace333]

As a bitcoin investor, your don't need to understand any market strategies before you start your Bitcoin investment, those are for traders, not investors like us.
What you just need is the basic knowledge on Bitcoin and how to go about your accumulation, and once you have your discretionary income in place, you are good to start, while investing you can seek further knowledge on Bitcoin and how to develop a strong holding hands, like having an emergency and reserve funds, but analyzing or understanding market strategies are not for investors like us.

But I feel like having a bit of market understanding still plays a role even for investors. Yeah, we might not need deep trading strategies or complex chart analysis like traders do, but knowing basic market cycles or how Bitcoin reacts during certain periods helps a lot when accumulating and DCA.

You are right though, investors mostly focus on long term accumulation and building conviction, not daily price movements. But in my opinion, combining that conviction with a little understanding of market behavior just makes the journey smoother, helps you stay calm during dips and even know when to take advantage of good buying opportunities…

[SPIDERMAN008]

How are you digging a hole for yourself when you are not paying back from your bitcoin investment?
Don't you understand that once your ability to pay back have nothing to do with the final outcome of your bitcoin investment, you have nothing to worry about?
Taking a loan to invest in bitcoin is not a problem as long as you have other source of repaying it back.

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

You are right. Another thing I want to say is that in fact, Bitcoin should be invested with discretionary income. Before investing, it must be insured. If someone buys Bitcoin on loan, then I think he will go against the fundamentals of long-term investment. Since the price of Bitcoin fluctuates a lot, no one can say exactly what the price of Bitcoin will be. That is why investing with loan takes a lot of mental stress. On the other hand, when the price of Bitcoin decreases, one becomes mentally unstable, on the other hand the pressure of paying loan at  interest too. From the experience of many people in the past, it is known that those who have invested for a long time have made a lot of profit without any kind of mental and financial stress by following DCA. But those who have bought Bitcoin with loan with a lot of money because the price of Bitcoin is lower than expected have basically faced most of the losses. Patience and proper fund management are the real keys to investing in Bitcoin.

[Tungbulu]

As a bitcoin investor, your don't need to understand any market strategies before you start your Bitcoin investment, those are for traders, not investors like us.
What you just need is the basic knowledge on Bitcoin and how to go about your accumulation, and once you have your discretionary income in place, you are good to start, while investing you can seek further knowledge on Bitcoin and how to develop a strong holding hands, like having an emergency and reserve funds, but analyzing or understanding market strategies are not for investors like us.

But I feel like having a bit of market understanding still plays a role even for investors. Yeah, we might not need deep trading strategies or complex chart analysis like traders do, but knowing basic market cycles or how Bitcoin reacts during certain periods helps a lot when accumulating and DCA.

It’s not as if having these knowledge is bad or that the knowledge isn’t important for an investor, sure it could be important to an Investor to aid their journey but the mistake that most newbie investors make is that they often think that they need those knowledge to get started in their accumulation journey. For them, they may feel they need the preparedness, like mastering market trends and other complex skills so when they get started, they’ll know exactly the perfect time to buy. But the truth is that it’s only those with trader’s mindsets that are too concerned with timing the market. Newbie investors, especially those who haven’t undergone a single market cycle should be more concerned about sticking to consistent accumulation and hodling through a few market cycles, because that’s the best way to get actually build your confidence, gain the knowledge you actually need and maybe along the line you can decide to reevaluate your position and then make any necessary adjustments if the need be. But for a start, the most important thing is the basic understanding about Bitcoin and making sure you’ve got discretionary income, and then you can start immediately without further delays.

[Mr_Brilliant$]

You are doing the wrong thing about investing. It is not important to have a discretionary income before investing in Bitcoin . If you are studying in a university, you will learn about Bitcoin and you can accumulate Bitcoin during your studies. Buy Bitcoin by saving some money from your part time job or from the session fees you get from your family. You will gain knowledge about Bitcoin while you are a student and along with that, you can accumulate any fractional amount. It is always intelligent to rely on your own cash fund. If you take out a loan or depend on other people's money to invest, you will not be able to keep it going in the long term.

You need a discretionary income in order for you to invest into bitcoin and hodli for long. I understand what you mean, it's just that you don't understand what discretionary income is. Discretionary income is the extra money from your income that you can do away with and it wouldn't affect you lifestyle. Some people use it to drink, smoke, gamble, club and many more consumption al stuff. Using such funds to invest in bitcoin is the best because you can use it to grow and build your bitcoin portfolio for the future.

That is actually the smartest way to invest. Using discretionary income just makes everything easier because you’re not putting pressure on yourself or touching money meant for your basic needs. Most people make the mistake of investing with funds they can not afford to lose, and that is why they panic sell when the market dips.

But when you use extra cash, the one you would normally spend on flexing or random stuff, you can hodl longer and stay calm no matter what the market does. That is how real long term conviction is built..

[GIF-JOBS]

You are doing the wrong thing about investing. It is not important to have a discretionary income before investing in Bitcoin . If you are studying in a university, you will learn about Bitcoin and you can accumulate Bitcoin during your studies. Buy Bitcoin by saving some money from your part time job or from the session fees you get from your family. You will gain knowledge about Bitcoin while you are a student and along with that, you can accumulate any fractional amount. It is always intelligent to rely on your own cash fund. If you take out a loan or depend on other people's money to invest, you will not be able to keep it going in the long term.

You need a discretionary income in order for you to invest into bitcoin and hodli for long. I understand what you mean, it's just that you don't understand what discretionary income is. Discretionary income is the extra money from your income that you can do away with and it wouldn't affect you lifestyle. Some people use it to drink, smoke, gamble, club and many more consumption al stuff. Using such funds to invest in bitcoin is the best because you can use it to grow and build your bitcoin portfolio for the future.

That is actually the smartest way to invest. Using discretionary income just makes everything easier because you’re not putting pressure on yourself or touching money meant for your basic needs. Most people make the mistake of investing with funds they can not afford to lose, and that is why they panic sell when the market dips.

But when you use extra cash, the one you would normally spend on flexing or random stuff, you can hodl longer and stay calm no matter what the market does. That is how real long term conviction is built..

In the case of Bitcoin investment, you should definitely decide to invest from a prudent income, which you will not have any problem if you lose. It is true that when a person invests money that he cannot afford to lose, then during times of volatility, when he sees his investment decreasing, he can easily panic, and due to panic, he can make the wrong decision to sell his investment, and as a result, his investment will fail and he will face losses. Therefore, when investing, you should definitely invest in such a money that losing money will not affect your life. Invest with money according to your ability to lose and keep it for the long term. If you can ignore the volatility and keep the investment for the long term, the chances of success will be high.

[Somto9Light]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin

You seem to be one of these guys who go around feeding people with wrong informations, if you're giving out information about bitcoin investment you have to point out everything after that you allow them to decide. Not informing them that bitcoin isn't a get rich quick scheme is even the worst thing to do, even though some people may feel discouraged when you tell them that bitcoin is not a get rich quick scheme but you don't need to put much concern in that area because if you don't inform them quite on time they might approach it the wrong way and still come back to you to make some complaint.

[Mr_Brilliant$]

You are doing the wrong thing about investing. It is not important to have a discretionary income before investing in Bitcoin . If you are studying in a university, you will learn about Bitcoin and you can accumulate Bitcoin during your studies. Buy Bitcoin by saving some money from your part time job or from the session fees you get from your family. You will gain knowledge about Bitcoin while you are a student and along with that, you can accumulate any fractional amount. It is always intelligent to rely on your own cash fund. If you take out a loan or depend on other people's money to invest, you will not be able to keep it going in the long term.

You need a discretionary income in order for you to invest into bitcoin and hodli for long. I understand what you mean, it's just that you don't understand what discretionary income is. Discretionary income is the extra money from your income that you can do away with and it wouldn't affect you lifestyle. Some people use it to drink, smoke, gamble, club and many more consumption al stuff. Using such funds to invest in bitcoin is the best because you can use it to grow and build your bitcoin portfolio for the future.

That is actually the smartest way to invest. Using discretionary income just makes everything easier because you’re not putting pressure on yourself or touching money meant for your basic needs. Most people make the mistake of investing with funds they can not afford to lose, and that is why they panic sell when the market dips.

But when you use extra cash, the one you would normally spend on flexing or random stuff, you can hodl longer and stay calm no matter what the market does. That is how real long term conviction is built..

In the case of Bitcoin investment, you should definitely decide to invest from a prudent income, which you will not have any problem if you lose. It is true that when a person invests money that he cannot afford to lose, then during times of volatility, when he sees his investment decreasing, he can easily panic, and due to panic, he can make the wrong decision to sell his investment, and as a result, his investment will fail and he will face losses. Therefore, when investing, you should definitely invest in such a money that losing money will not affect your life. Invest with money according to your ability to lose and keep it for the long term. If you can ignore the volatility and keep the investment for the long term, the chances of success will be high.

The thing is, a lot of people do not really understand how dangerous it is to invest money they can not afford to lose until the market starts shaking….   Once the price drops, fear comes in and emotions take over, that is when they start making bad decisions like panic selling or trying to cut losses at the wrong time..

That is why I always tell people, investing from a comfortable place of I am okay even if this goes down for a while makes the whole process peaceful.. You will not be glued to the chart or stressing over every dip..

Like you said it is all about knowing your capacity, using funds that would not affect your lifestyle, and staying consistent. Because in Bitcoin, the real win does not come from timing or quick trades, it comes from patience, calmness, and having the courage to hold when everyone else is panicking..

[laijsica]

Maybe I should put it this way, expecting Bitcoin to make you rich overnight is just setting yourself up for stress.

Truly Bitcoin is not a get rich quick scheme, and this is one thing most newbies fails to understand, that's why they mostly approach bitcoin investment with the mindset of buying and selling prematurely thinking it's the best to to go about it, but it's not, you can't grow rich by investing in bitcoin with a short term minds.

Since no one can predict the exact timing of its moves, borrowing money to invest is almost like digging a hole for yourself.

How are you digging a hole for yourself when you are not paying back from your bitcoin investment?
Don't you understand that once your ability to pay back have nothing to do with the final outcome of your bitcoin investment, you have nothing to worry about?
Taking a loan to invest in bitcoin is not a problem as long as you have other source of repaying it back.

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

Young or old and experienced or inexperienced folk of any age should have a learning mindset. If someone gives you direct advice on a topic, even if you are more knowledgeable about it you should listen carefully. No one can ever acquire all the knowledge of a subject. There is no way to deny that you can learn new and educational things from newcomers. In objective discussions whatever advice and recommendations there may be especially on the long term aspect of Bitcoin investment, many perspectives are mixed. Ultimately, you have to decide which method to use Bitcoin for the long term. You may know that Bitcoin is not a get rich quick scheme but another investors may not know so you can't just tell someone that it doesn't need to be said.

[Albert David]

Not making different between bitcoin and cryptocurrency has put fear in mind of some persons and has also mislead many to invest in the wrong coin shitcoins has cause pains to many so when people now hear term cryptocurrency maybe you plan to tell them about bitcoin and use the term cryptocurrency they will think is a scam investment because properly they might have had such terrible experience when they invested into cryptocurrency that's why been specific matters alot when given such reference so people should should mind how they use the term cryptocurrency so they won't get others who hasn't gotten such experience mislead so it's important we call bitcoin bitcoin and shitcoins shitcoins instead of cryptocurrency

First you need to know about Bitcoin well, you need to understand, shitcoin is a scam that will lure people first, then it will completely go down, meaning that the money people invest in it will be completely lost!

First you need to know how cryptocurrency works and what its function is, then you can understand the use of Bitcoin. In fact, if you invest in Bitcoin for a long time, it can definitely be profitable!

[ASloveapg]

As a bitcoin investor, your don't need to understand any market strategies before you start your Bitcoin investment, those are for traders, not investors like us.
What you just need is the basic knowledge on Bitcoin and how to go about your accumulation, and once you have your discretionary income in place, you are good to start, while investing you can seek further knowledge on Bitcoin and how to develop a strong holding hands, like having an emergency and reserve funds, but analyzing or understanding market strategies are not for investors like us.

But I feel like having a bit of market understanding still plays a role even for investors. Yeah, we might not need deep trading strategies or complex chart analysis like traders do, but knowing basic market cycles or how Bitcoin reacts during certain periods helps a lot when accumulating and DCA.

You are right though, investors mostly focus on long term accumulation and building conviction, not daily price movements. But in my opinion, combining that conviction with a little understanding of market behavior just makes the journey smoother, helps you stay calm during dips and even know when to take advantage of good buying opportunities…

You have to invest consistently through DCA, but this does not mean that you do not need to research the market, it is definitely necessary to have an idea about the market, it is definitely good to have an idea about the basic cycles of the market, the market should not be completely ignored all the time, but it is necessary to maintain a general understanding of the market and also be consistent through DCA, and if you want, you can create a separate fund to buy dips from time to time, so that when you see a DIP price during the volatility, you can take advantage of the opportunity to buy dips, and accumulate more bitcoins at a lower price, which is a better effective ingredient in achieving great success in the future.

[Sticky Bomb]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

One of the first things you need to know about Bitcoin is that it isn't a get rich quick scheme and everyone coming into Bitcoin investment should be aware of such so that they shake their minds towards going long-term into Bitcoin from the onset and not starting their investment journey with the wrong orientation. Without that knowledge, investors may prioritize profit taking over holding for long and would end up ruining their accumulation journey by putting up the wedding attitude to investing into Bitcoin. Anyone who is discouraged by the knowledge that Bitcoin isn't a get rich quick scheme, then Bitcoin investment is not for them.

[Joeboy]

Maybe I should put it this way, expecting Bitcoin to make you rich overnight is just setting yourself up for stress.

Truly Bitcoin is not a get rich quick scheme, and this is one thing most newbies fails to understand, that's why they mostly approach bitcoin investment with the mindset of buying and selling prematurely thinking it's the best to to go about it, but it's not, you can't grow rich by investing in bitcoin with a short term minds.

Since no one can predict the exact timing of its moves, borrowing money to invest is almost like digging a hole for yourself.

How are you digging a hole for yourself when you are not paying back from your bitcoin investment?
Don't you understand that once your ability to pay back have nothing to do with the final outcome of your bitcoin investment, you have nothing to worry about?
Taking a loan to invest in bitcoin is not a problem as long as you have other source of repaying it back.

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

The bolded out part is a very wrong way of talking, I mean where did you get that mentality from, I definitely know that it isn't from this thread neither is it even from this forum..... Don't you know that it is better for you to tell them the true reality about Bitcoin and them getting discouraged, than for them to be deceived into it and then are unable to hold for the long-term?....See ehn it's very important that very newbie is informed from the onset that Bitcoin isn't a rich  quick scheme,  inorder not for them to get into Bitcoin today and then expecting profits the following day.... Bitcoin rewards those with a long-term mentality, who care less about short-term price swing, I mean there is basically no two way about this

[Kagaru]

.....
One of the first things you need to know about Bitcoin is that it isn't a get rich quick scheme and everyone coming into Bitcoin investment should be aware of such so that they shake their minds towards going long-term into Bitcoin from the onset and not starting their investment journey with the wrong orientation. Without that knowledge, investors may prioritize profit taking over holding for long and would end up ruining their accumulation journey by putting up the wedding attitude to investing into Bitcoin. Anyone who is discouraged by the knowledge that Bitcoin isn't a get rich quick scheme, then Bitcoin investment is not for them.

Exactly, I often see newbies looking at Bitcoin as some kind of magic money that if you buy it today, you will be rich tomorrow. This is mainly due to some misleading content on social media and YouTube, which only shows the price explosion of Bitcoin and says, You can be a millionaire too! But they never show the lessons learned from the savings, patience and bad decisions of that millionaire 8 years ago.

Most of those who have succeeded in Bitcoin, do not see it as a trading tool, but as a kind of technical and financial movement. They know that the value of Bitcoin is not only in the market price, but also in its backend technology, scarcity, and decentralized nature. Yes, the price may increase a lot one day, but if you are not mentally prepared, you will not be able to maintain that profit. The mindset of holding Bitcoin is really like a "marriage mindset" you can only benefit if you are willing to accept the ups and downs, the joys and sorrows, with it.

[Cossyblack]

Maybe I should put it this way, expecting Bitcoin to make you rich overnight is just setting yourself up for stress.

Truly Bitcoin is not a get rich quick scheme, and this is one thing most newbies fails to understand, that's why they mostly approach bitcoin investment with the mindset of buying and selling prematurely thinking it's the best to to go about it, but it's not, you can't grow rich by investing in bitcoin with a short term minds.

Since no one can predict the exact timing of its moves, borrowing money to invest is almost like digging a hole for yourself.

How are you digging a hole for yourself when you are not paying back from your bitcoin investment?
Don't you understand that once your ability to pay back have nothing to do with the final outcome of your bitcoin investment, you have nothing to worry about?
Taking a loan to invest in bitcoin is not a problem as long as you have other source of repaying it back.

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

It isn't nice when you don't tell people the truth about Bitcoin. It's better they know the truth, risks involved & the violatile nature of Bitcoin before investing. Let them know and still invest willingly than investing blindly with high hopes in a short interval.  Bitcoin doesn't beg anyone to invest, it's give you the freedom to choose from your own will and time of convenient. Why people have to understand that Bitcoin isn't risk-free and only profitable when held for the long term is because of the high violatile nature of Bitcoin. The price might starts fluctuating by going downtrend,for someone that doesn't understand that it's a normal thing will start panicking thinking it's about to crash and may sell out of fear. They have to understand how Bitcoin works to avoid unnecessary panics sales in the future.

[Albert David]

For sure there is nothing wrong having arguments even though sometimes some people can be too entitled to their own opinion without giving a second thought to what others are saying, for those you are referring to that are using their mouth to accumulate we don't have to worry about that and think  more about our self and our achievements because we are all responsible for the consequences of whether or not we invest in to Bitcoin, Bitcoin is not begging anyone to invest in it for it to be called Bitcoin.
[/quote] Actually, we should first know about Bitcoin, how it works, how you can profit by investing in Bitcoin, it is better not to think about who did what or not.

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

I wonder what type of sensible income you are talking about because to the best of my knowledge, their are so many guys out there that wish to invest in Bitcoin that are earning a sensible income as you called it but still can't figure out their discretionary income, what an investor need in other to invest in Bitcoin consistently is a discretionary income and the will to hold for a very long period of time, because if he has the will to hold for the future, he will put down measures that will make him develop a strong holding hands, like having an emergency and reserve funds in place to protect his investment against any unforseen circumstances that may arise in the future.

If you invest in Bitcoin, you need to know about Bitcoin, understand how Bitcoin works, and whether you can invest for 5/10 years or whether you have that amount of funds or only these things, then you can buy Bitcoin.

[ruykeri]

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

[Yorubek]

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

I agree with you, Buying Bitcoin by borrowing is risky. Those who truly invest with a long-term plan to hold Bitcoin, thinking about the future, never buy Bitcoin by borrowing. It is very important for a person to have a prudent earning to start investing in Bitcoin, otherwise long-term investment will never be successful or can not be managed properly. Bitcoin can never make you rich in the short term, you must invest consistently with a long-term plan and wait for the right time, then big profits can be obtained from Bitcoin.

[Lembo69]

Investing in Bitcoin with a loan puts your investment at greater risk.

Investing in Bitcoin with loan will never be reasonable. It will be a reason to put the investment at risk. Because the market price can drop by 10-20% in 1 week, due to which your investment can be at risk. An investor should always invest with money that he will not need in the next (5-10) years.

If you can invest without loan money, then the market volatility will not touch you.
Do not invest with loan money in long-term investment plans Try to maintain liquidity in investments

The Bitcoin market is always volatile, so invest with the remaining excess money after exhausting all your tools. Such as discretionary income. Above all, try to stay loan-free, and never invest with loan, invest from personal money to maintain discipline in investing Do not invest with loan money.