Should I take a $50K loan from the bank and invest it all in Bitcoin?

[TESY]

Hear me out I want to break down the risks potential rewards and your thoughts
Three years ago (2022) I almost did something crazy take a $50K bank loan and buy Bitcoin

I had doubts back then I thought What if it crashes? What if I can’t pay back the bank
I hesitated I played it safe and now looking back BTC has skyrocketed If I had taken that risk back then I’d be sitting on a huge profit today
The thing is the fear of losing the loan kept me from acting
If I had taken that risk I’d be sitting on a life-changing profit today
The regret? Real

few weeks ago I saw my friend took a loan of 30k to buy a new car and I been thinking how people take risk for material things such Car,Trips,Houses etc even to Gamble
I have the House and do own a Car but don't know that is stopping me to take this risk

I know it’s not the same as three years ago BTC is volatile, interest rates are higher and $50K is still a lot to borrow
But I don't want to make same mistake again

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

[Findingnemo]

~
Would you take a $50K bank loan to invest in Bitcoin today?

Nope. Taking a loan and investing in Bitcoin is just double the risk.

With hindsight, it looks like a golden opportunity that you missed to utilize but what is your backup plan if bitcoin went down from there? You will be able to pay the loan back and not to forget the interest rates adds up from the next moment you took out your loan.

And you didn't miss a life changing moment, assuming bitcoin was like 40-50K range in 2022 and now it is at 112K so your would have probably doubled the money and need to pay back the loan and you will be left with an amount like 30K, and if that you call life changing amount then the bank would not lend you 50K in the first place.

[Joy- maker]

No I won't take $50k to invest in bitcoin, because it is not advisable to invest in bitcoin with loan,  remember bitcoin is not a get rich quick scheme that you can just invest your money in it today and expect to make profits tomorrow. Instead I will look for a source of income if i don't have any and invest in bitcoin with my discretionary income consistently until I reach my accumulating target, instead of taking loan to invest in bitcoin, because taking loan to invest in bitcoin may endanger my bitcoin investment on the long run which may lead to selling off my bitcoin investment at early stage of accumulation if am not able are to get money to pay back my loan.

[Alphakilo]

...
So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

It is obviously everything going wrong already if the voice giving such an advice has been obeyed already, because such endeavor to borrow and invest in a volatile asset is as bad as it sounds and in the financial world it would be referred to as investing with leverage and it surely guarantees that one is heading for a massive loss party.

It may in a turn of events be a good thing to borrow and invest in a potential profitable business or even a cryptocurrency with a proven track record, but when it comes to investment in Bitcoin the risk is much and one must be willing to hold for long to actually make a good return on investment in the cryptocurrencies number one asset, Bitcoin.

[Stepstowealth]

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

It is a bad call to consider taking a loan to invest. In your head, you may feel that it is a good idea with a very good chance of success, but there are a thousand things that could go wrong, and you will surely regret it.

I think it is always better to invest within your means, little by little through accumulation. With discipline, your little act of accumulation can amount to a whole lot within a very short period with proper dedication. A loan will put you under immense pressure, pressure that you may never be able to handle.

[BitHodlers]

~
Would you take a $50K bank loan to invest in Bitcoin today?

Nope. Taking a loan and investing in Bitcoin is just double the risk.

Disagreed. You completely missed his point. Most people are taking out loans for all stupid stuff like a new car. You don't need a new car that you can't afford. So if pretty much everyone is doing this for stupid stuff why should he not take out a loan and do something smarter with it like invest in Bitcoin? You need to look at the loan data for the average person in the US. To make things worse they even tend to owe money at the worst possible rates like credit card debt.

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

If you are aware of the risk and are able to get a good deal on the loan and this will not bankrupt you under any circumstance, go for it. Please keep in mind that the investment can be lost and that if you want to have good prospects of winning you need to stay here long-term. I know a few people who did this with shitcoins and they lost money but they repaid their loans without issue. I also know some people who did it with Bitcoin and they for sure don't regret it.  

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

It is a bad call to consider taking a loan to invest. In your head, you may feel that it is a good idea with a very good chance of success, but there are a thousand things that could go wrong, and you will surely regret it.

Nonsense emotional voodoo from someone who does not know how to trade or invest. This has nothing to do with a bad call.

[Findingnemo]

~
Would you take a $50K bank loan to invest in Bitcoin today?

Nope. Taking a loan and investing in Bitcoin is just double the risk.

Disagreed. You completely missed his point. Most people are taking out loans for all stupid stuff like a new car. You don't need a new car that you can't afford. So if pretty much everyone is doing this for stupid stuff why should he not take out a loan and do something smarter with it like invest in Bitcoin? You need to look at the loan data for the average person in the US. To make things worse they even tend to owe money at the worst possible rates like credit card debt.

People even started taking loans for their honeymoon and things but that's not my point here. What if the bitcoin price crashes after the loan is that person capable of paying it back along with the interest?

Investing our money is smart choice rather than spending it but I don't have the same opinion if someone is taking loan and want to invest.

[tvplus006]

...Would you take a $50K bank loan to invest in Bitcoin today?

You didn't buy bitcoin when its price was 7 times lower than the current one, but now that the price of bitcoin is at its highest, you decided to return to the issue of credit. If the bitcoin price is adjusted, then you will have to wait a very long time to get a profit from your investment, but you will have to pay the bank's commission for the loan every month.

[batang_bitcoin]

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

As much as we tell people to invest with Bitcoin but not with borrowed money. With this, you can't have that risk to take and you're paying off together with the interest once you take it. And as you hold bitcoin, there is no assurance that you're going to have it asap and withdraw it in profit. But if you can take that risk and you know what is happening and the thought of yours is wanting you to push for this, who are we to stop you? Although the best thing for you to do is to DCA, dollar cost average. Buy every single time when you have some money.

[uneng]

Never borrow money to invest in Bitcoin. You don't know for how long you are going to need to hold until seeing your investment getting more valuable. It may take 1 month, but it can also take few years, so prepared for every potential scenarios. With that in mind, you have to be aware about the fact you are likely to have to pay heavy interest to the bank or loan shark without making any profit from your BTC investment meanwhile.

Actually, to borrow money is always a desperate decision which should be taken only as the last possible alternative available. Avoid paying interest as much as possible, as it will slow down the development of your finances.

[TheUltraElite]

I never suggest anybody to take a loan to trade, its similar to hitting your own ankle. A lot of things could go wrong and there is a chance of making money as well. If you are willing to take that risk, do foresee what would be your backup money source to pay back the loan before you commit.

Rushing in to buy bitcoin has never been my way of thinking. I suggest people to keep buying at the lows every time the market drops to build a stash over years.

You could do differently and still make good money at a risk.

[tbct_mt2]

I never suggest anybody to take a loan to trade, its similar to hitting your own ankle. A lot of thinga could go wrong and there is a chance of making money as well. If you are willing to take that risk, do foresee what would be your backup money source to pay back the loan before you commit.

Rushing in to buy bitcoin has never been my way of thinking. I suggest people to keep buying at the lows every time the market drops to build a stash over years.

You could do differently and still make good money at a risk.

It is not recommended even for investment while for trading, there are more reasons to don't recommend taking any loan for trading.

Bitcoin market is volatile and the most popular advice is "Invest what you afford to lose" so taking a loan for your investment is risky and why it is not recommended.

Taking a loan raises more risk as firstly, there is loan expiration, loan interest and loan liquidation while if you take a loan for trading with leverages, you double risk of possible liquidations. When a liquidation happens, you will lose very big part of your initial capital used as collateral for your loan and your leveraged trading position.

This page from Coinglass with many data on market liquidation is enough for showing risk of taking a loan for either investment or trading in this market.
https://www.coinglass.com/LiquidationData

[traderethereum]

Regret indeed happens if you remind the past. But at that moment, do you think about how you will repay the loan with high interest? Can you finish the loan without any problem? The risk will be bigger if you don't have money or a steady income that you can use to repay the loan. We can not just borrow money and invest in Bitcoin without thinking about repaying the loan.

I don't want to borrow money from anyone including the bank especially if I don't have income or a salary. That will get me in trouble and the bank will not care. If we fail to repay the loan, the bank will blacklist us from all of their network. I can not risk that so I prefer to take the safe way. After all, I feel it is enough of what I have done so far by investing in Bitcoin using the money I can afford.

[alani123]

Absolutely no.

If this could have been a successful strategy in the past it doesn't mean you should do it now. Past performance doesn't guarantee future results.
And in fact, things would be much worse.
Lending money from a bank could ruin your credit score in america and then good luck renting a house, buying property, getting student loan assistance for your kids and whatever else.

Do you want to be a second class citizen just for owning some BTC? Don't take dumb risks  with your finances. Since you ask this us the only sensible answer lol. The us credit score system is like a surveillance state apparatus. Don't try to mess with banks lol

[imthegreat]

Hear me out I want to break down the risks potential rewards and your thoughts
Three years ago (2022) I almost did something crazy take a $50K bank loan and buy Bitcoin

I had doubts back then I thought What if it crashes? What if I can’t pay back the bank
I hesitated I played it safe and now looking back BTC has skyrocketed If I had taken that risk back then I’d be sitting on a huge profit today
The thing is the fear of losing the loan kept me from acting
If I had taken that risk I’d be sitting on a life-changing profit today
The regret? Real

few weeks ago I saw my friend took a loan of 30k to buy a new car and I been thinking how people take risk for material things such Car,Trips,Houses etc even to Gamble
I have the House and do own a Car but don't know that is stopping me to take this risk

I know it’s not the same as three years ago BTC is volatile, interest rates are higher and $50K is still a lot to borrow
But I don't want to make same mistake again

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

I highly recommend against this plan. In many countries, you'll have to demonstrate the profitability of a professional trader to increase your deposit and cover the bank's interest. It's like shooting yourself in the foot. It's better to find a part-time job and save money from it, combining this with a frugal lifestyle.

[Awaklara]

Would you take a $50K bank loan to invest in Bitcoin today?

I will not take such a big risk. Let's say I actually have the ability to pay for it from my job salary; I would not use a loan to invest. The thought of taking a loan to buy Bitcoin might stem from your greed and regrets in the past.

The situation may be different now, because when the time comes for you to need money to pay the loan, it's not guaranteed that you will have made a profit from the Bitcoin you bought. Know your capabilities first; if you can only set aside $100 or less each week to buy Bitcoin, then just do it consistently, and you will have Bitcoin without the pressure of paying a loan.

[Floxynice]

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

If I can afford a house of my own and a car too, it means I have something going on for me that I earn from. What is stopping me from sacrificing a portion of my income and lock it up in bitcoins? Just to invest it lump sum and ignore it for a very long while.

Again, if I can't do this, I can decide to DCA with the little money I have instead of waiting for a huge amount before I invest. There are lots of options available for me to choose from and taking a loan will never be one of those options.

[mindrust]

That's never a good idea. It might pay well but so can gambling and that's exactly what it is, gambling. If you want to take such a big risk, why don't you play roulette and bet on black? Which one was the winner color? Black or Red? I forgot. Or was it green? Has green ever won? Fuck it, a wise man once said never bet against black so go black and never go back. Back in Black.

You can also do leverage trading on binance which is essentially the same thing. But I again, I don't recommend these. Instead of doing these desperate moves, go save some money and invest in bitcoin like every other sane person does. There is no easy way and the way you are describing is not just hard, it is bat shit insane. Don't do et.

[rbynxx]

I know it’s not the same as three years ago BTC is volatile, interest rates are higher and $50K is still a lot to borrow
But I don't want to make same mistake again

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

Did you calculate the interest first before you thought of it even if you didn't take that loan? What if you can't pay it in months and the Bitcoin you bought was drowning too? I think it was a good idea back then but you'd probably shitting your pants if you've bought it early 2022 and you probably thinking way of selling it halfway. There might have been scenario like that if you've bought it during that year, might have been great to reminisce it but you may change mind depending on circumstances.

[Nahl]

Go all in to bitcoin is good because the potention to reach the high prices in the future is very high and if you invest on bitcoin i think your investment value will be increasing following years but the most problem is loan from the bank has monthly debts so, you should have regular job to pay the interest until the installments are paid off and for some people $50k is huge amount which mean the monthly interest will be high too and if you can solved this condition and you can ensure pay your debt for every month i think loan from the bank and invest on bitcoin is not a bad idea