We don't advise this but some guy did it.

[348Judah]

This is what I may have to say about this kind action he made, we should not follow the risk in the same manner others have taken, because it's not in the best way for us to take loan invest, even after we must have made the profits, it could be more difficult for us to be able to earn completely without taking the interest on the loan taken first, before our own profit realization is being calculated, and that is even if we made profit and not loss anyway.

[sleepfirefly]

So this guy, from 9 years ago took a $325k loan to buy 191 BTC. A dumb idea for most people including me and the same thoughts of people who's seen this from a reddit post almost a decade ago.

If you guys read it from that post : https://www.reddit.com/r/Bitcoin/comments/6a3lvd/today_i_took_out_a_325239_equity_loan_on_my_house/

to us, this was wise and i am certain that a lot of us wish we did the same from before but people from the past probably saw this as very risky considering bitcoin wasn’t what it is now back then

this takes guts but i also wouldn’t do this as there’s just too many risks

We highly advise not to take any loans just to invest in Bitcoin. It's still best to have nothing to worry with monthly payments and interest as you invest in it.

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

hopefully his loans paid off and he sold bitcoin at the right time otherwise all of that would be for nothing

[hero_the_bossman]

This is what I may have to say about this kind action he made, we should not follow the risk in the same manner others have taken, because it's not in the best way for us to take loan invest, even after we must have made the profits, it could be more difficult for us to be able to earn completely without taking the interest on the loan taken first, before our own profit realization is being calculated, and that is even if we made profit and not loss anyway.

Risks are too high.

It's not worth if you don't want to.. You know, put everything on red or black (in that case, profit or bigggg red minus).

[uneng]

9 years ago it was 2017. Between the last quadrimester of 2017 and the beginning of 2018, Bitcoin was already skyrocketing. So, he must have had the perfect opportunity to sell and profit before having to hold for the long term.

It was a risky move, but worked perfectly. He was lucky, and even though we don't know what happened next, the chances are that he made massive profit and didn't bother coming back to reply to the negative opinions about his decision.

[Sammye3]

It reasonable that people would only give you accolades when there is a result of a certain action taken. Take for instance this scenario, most people would say this person must be good with predictions and made the right decisions because it turned out that bitcoin has made massive progress in the past years but not considering if the outcome was a reverse.

For any reason, it is not advised to take out a loan for any investment no matter the situation. Taking out this huge amount of loan would have gone totally bad if bitcoin experienced a massive dip and did not go back up. Who knows if during this period he did not take out his bitcoin out of fear maybe in deficit or on little profits, but in general that was a really bad decision making for a borrowed funds.

[FortuneFollower]

9 years ago it was 2017. Between the last quadrimester of 2017 and the beginning of 2018, Bitcoin was already skyrocketing. So, he must have had the perfect opportunity to sell and profit before having to hold for the long term.

It was a risky move, but worked perfectly. He was lucky, and even though we don't know what happened next, the chances are that he made massive profit and didn't bother coming back to reply to the negative opinions about his decision.

Or rather he distanced himself from all the noise that was incoming in his direction.. At least I want to believe that's the case and he is now truly happy.

[Altryist]

So this guy, from 9 years ago took a $325k loan to buy 191 BTC. A dumb idea for most people including me and the same thoughts of people who's seen this from a reddit post almost a decade ago.

If you guys read it from that post : https://www.reddit.com/r/Bitcoin/comments/6a3lvd/today_i_took_out_a_325239_equity_loan_on_my_house/

You'd see people who might be of the same opinion as you.

We highly advise not to take any loans just to invest in Bitcoin. It's still best to have nothing to worry with monthly payments and interest as you invest in it.

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

It could be considered a successful decision if we knew what eventually happened to this guy, how he managed to deal with the loan, and how well he is doing now. But since we don’t know how this credit story ended, I don’t think it can be viewed in a positive way or used as an example for others. A loan may be appropriate for certain purposes when you are confident in the outcome, but investing in risky assets, and Bitcoin definitely falls into the category of risky assets, that involves increased risk. That’s why I would never recommend taking out a loan to invest in cryptocurrencies, including Bitcoin.

[PrivacyG]

People do stupid things.  We can look back at the Chart and say how much of a genius he is now, but if things went really south then his life would have been turned upside down really fast.

We generally advise people to never do this particularly due to the risks they put them selves in.  Imagine Governments decided to crack down harder than we all could have imagined banning Bitcoin entirely for putting the Fiat system under significant risk and Bitcoin dropped to the floor.  The guy would have had a significant loan to pay.  The other way around this was to work harder, maybe get a second job and put every thing in Bitcoin.  In this case, the worst that could happen is Bitcoin drops to the floor and you lost a lot of time working for nothing.

In fact.  Considering we do not know how his plan worked out, one of the options is that he lost his revenue and could not afford the loan payments any more.  Even if Bitcoin stands as strong as it did so far, your life can influence the out come too.

Taking a large loan to risk this way is in my opinion equal to Gambling.  It is stupid with out a single doubt.

[FirmWars]

In the past some people have took loan and failed to repay because the investment they bought failed, while some people were also unfortunate to enter a bad investment that made them almost lost all the money they loaned and at last, they struggled to repay the debts. That is the reason people will advice against taking loans to invest on Bitcoin. All we know now is that he took this loan to buy Bitcoin but we don't know if he had other plans on grounds before taking this decision. I might have a secured job or business that he trusted to use as backup if his investment does not work out, but some people do not think of alternative before investing.

[promise444c5]

It doesn’t change the fact that it’s a risky behavior if he doesn’t have any other means to pay back when Bitcoin fails to go directly as he might have planned within the loan expiry period..

Sure, this guy might have made it big or even sold early after a little profit, or he just kept holding and taking little profits (apart from loan settlement) to date.. Yet, there’s another possibility that he was forced to sell at a loss within the loan expiry period.
This could happen if he was only into a short-term loan, which means he gambled, but no one truly knows that for sure. He could even be on the forum .

For instance, let’s use last year as an example..
There was lots of speculation about $150k ~ $400k.
Let’s assume someone took a loan for a year hoping to make a lot of profit..let’s say he did it when Bitcoin was still @$100k.
We all know that’s debt by now if he doesn’t have other means to pay back.

[Faisal2202]

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still holds some, no one knows.

Reading all those comments now feels so wrong haha, I mean how that author would have felt at that time when he shared what he did and the response he got was all negative vibes and I hope he still has those bitcoins and these commentators must be regretting.

Actually, it is the governments that created wrong ideas in the minds of people like bthat itcoin is used for money launderning and etc. If that is the case, why are they using it now, why don't don't they declare it a way for money laundering now?

I also regret the time in 2018 when my cousin said, we should borrow some money to buy bitcoin and I said, life is much better without loans, and I never looked back and I still don't feel that much of regret, but you are right, it did worth the risk and those who took, and still have their tokens on them must be the lucky ones.

[Obim34]

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

This story should not motivate anyone taking a loan to invest in Bitcoin, except there is a way that the loan can be repaid from personal income, not from the expected profits on the investment, this is the part where it is unadvised to use loans for investing in Bitcoin.

The actual lesson from this story, is to trust Bitcoin, seeing where we are now, he should be happy for taking the risk.

[Hatchy]

You'd see people who might be of the same opinion as you.

We highly advise not to take any loans just to invest in Bitcoin. It's still best to have nothing to worry with monthly payments and interest as you invest in it.

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

He did this at the early stage of bitcoin and to me, even if it was a bad move because it's not adviced to take loans to invest on something as volatile as bitcoin, he took a risk that no one else would have taken at the early stage when people still doubted the system. Even if he probably sold as time went on, I'm sure this guy in question must have made a good amount of money from the market. Taking risk is something many people aren't just capable of doing. At some point most people hold back due to doubt and lack of trust in a new system. This guy to me is a legend on his own. Even if his last story wasn't shared, he definitely needs to be on a wall of fame for taking such bold risk..

[Johnlomape]

So this guy, from 9 years ago took a $325k loan to buy 191 BTC. A dumb idea for most people including me and the same thoughts of people who's seen this from a reddit post almost a decade ago.

If you guys read it from that post : https://www.reddit.com/r/Bitcoin/comments/6a3lvd/today_i_took_out_a_325239_equity_loan_on_my_house/

You'd see people who might be of the same opinion as you.

We highly advise not to take any loans just to invest in Bitcoin. It's still best to have nothing to worry with monthly payments and interest as you invest in it.

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

Investment is all about risk and those that understand where they are putting their money would never be bothered about the outcome of the investment. I don't know what motivated this guy to take a loan and invest in Bitcoin which is something most of us here on this platform would never do to risk it for any investment. This person would have been in huge profits by now because having up to 100 Bitcoin means a lot. That money would be more than 100 million dollars if it were when the price of Bitcoin was at a $110k per Bitcoin. Investment in Bitcoin at the early stage had been very profitable for most investors taking the risk.

[Davidvictorson]

You'd see people who might be of the same opinion as you.

We highly advise not to take any loans just to invest in Bitcoin. It's still best to have nothing to worry with monthly payments and interest as you invest in it.

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

Many years ago, people took so many risky decisions to invest in bitcoin which was against the normal. For them it was what made the most sense and they took the risk. While it worked out for some who have shared their news with us after many years, it may not have worked out well for some others, of course these later group will not tell us but we can speculate. Some who took such risky and bold move, took profit early, some became scared when the market crashed as some point and took out their investment, while some others held for the long term. Whatever be the case, it is still adviced not to take out a loan to invest in bitcoin.

[Fiatless]

If you read the biography or autobiography of some successful businessmen, one similar trait they have is risk-taking. This set of people can take risks that others see as foolishness. I would not take long to invest in Bitcoin, but I would not discourage anyone who wants to do that. If they have planned and discovered that they can handle the risk, they should go ahead. The person in the op would have been very rich if he had the coin till now.

[lionheart78]

It is really not advisable to sell all belongings just to invest in something uncertain in the future.  Those who invested in Bitcoin just got lucky because Bitcoin took off and brought them a huge profit.  But if the other way around happens, these people would be gritting their teeth in regret.

I never say investing in Bitcoin is a foolish thing, but the act of putting all in one basket is.  A wise investor never acts without any reservation.  If we invest all our money into something volatile and needed long-term to make a profit, it will only put us in a situation where we have to sell at a loss just to meet our daily needs.  Investing a huge amount of money in Bitcoin is very fine as long as we have the means to meet our daily necessities.

If you read the biography or autobiography of some successful businessmen, one similar trait they have is risk-taking. This set of people can take risks that others see as foolishness. I would not take long to invest in Bitcoin, but I would not discourage anyone who wants to do that. If they have planned and discovered that they can handle the risk, they should go ahead. The person in the op would have been very rich if he had the coin till now.

Indeed, taking risks is part of investment, but smart people make calculated risks where they keep going no matter what happens with their investment.

[Cookdata]

So this guy, from 9 years ago took a $325k loan to buy 191 BTC. A dumb idea for most people including me and the same thoughts of people who's seen this from a reddit post almost a decade ago.

If you guys read it from that post : https://www.reddit.com/r/Bitcoin/comments/6a3lvd/today_i_took_out_a_325239_equity_loan_on_my_house/

You'd see people who might be of the same opinion as you.

We highly advise not to take any loans just to invest in Bitcoin. It's still best to have nothing to worry with monthly payments and interest as you invest in it.

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

It might sound foolish but I'm also a living example.

I wasn't early and I have did some dumb shit with my Bitcoin investment but I'm groomed enough to understand how the market work now. If you can't hold, you don't deserve the profit. This playbook has remain the same thing for years, anyone who has experience at least one cycle of bull run ought to know better what to do, buy and hold and that's it. The guy was brave enough to do what some of us didn't do and might be living large but I'm sure he doesn't want people to know about his wallet and identity, privacy wins here.

I don't advise anyone to take loan to buy Bitcoin but if you can afford the risk, do it. There is nothing it will take away from you. The only thing you need to do is avoid loans high interest rate, we have different loan sharks that makes people take loan and they are not licensed to operate and because of that, they give money willingly and threaten people when they refuse to pay, some can go as far as threatening families and life, if the interest rate is high, boycott it.

[rbynxx]

The guy has deleted his account, we don't know what has happened after all of these years. But maybe he's sold already from the past cycles and probably still hold some, no one knows.

He probably sold it off in 207-2018 because if he did he's probably in profit but if he did let the 2018 bear market eat all those juicy profits I wouldn't be surprised if the account deletion was probably that he burned it or probably he's being cautious he'd be known with the post he did. Seems an Idiocracy before but a total genius to be considered to this day if he did kept it.

[Slopybtc]

If I were in that position, I would never take a loan for investment purposes. Debt can never be a healthy foundation for success. In many cases, the financial losses caused by debt outweigh any potential gains. Relying on a high-risk asset like Bitcoin without proper financial backup is extremely dangerous. True success is not about quick profits; it is about long-term stability and sustainability. Personally, I hope that success built on excessive risk and debt is never glorified or encouraged.