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

[Y3shot]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin.  Taking money as loan to invest Bitcoin is not a good way to invest in Bitcoin. You dont have to be over zealous to invest Bitcoin with money that is not yours you may end up not ending the investment well.  Their is no need to borrow such amount of money to invest in Bitcoin,  you can always invest Bitcoin with just the amount that you can afford to lose.

[lienfaye]

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.

Well, it's really a brave decision of this guy to buy Bitcoin not knowing what's ahead. We often say, don't risk your hard-earned money or take a loan just to invest since we're not certain if it will become profitable. But let's face the fact that this time, it's admirable for early investors to commit such decision because it really takes a lot of guts.

We don't know what's the result of him buying at an early stage. But hopefully he was able to wait for a good price before he decided to sell.

[peter0425]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin.  Taking money as loan to invest Bitcoin is not a good way to invest in Bitcoin. You dont have to be over zealous to invest Bitcoin with money that is not yours you may end up not ending the investment well.  Their is no need to borrow such amount of money to invest in Bitcoin,  you can always invest Bitcoin with just the amount that you can afford to lose.

Loans especially from banks are scary to me. There’s lots of conditions that you have to meet. If one takes a loan there would be the years it will take to pay that amount. What if you are not yet satisfied with how much your bitcoin has grown when that time comes? What about interests? It’s still best to use our money

[bakasabo]

If this story is true, then I am sure he has sold all his bitcoins same 2017 year when price went from $1.1k to $19k in December or even earlier. I dont think people back that time were so sure in bitcoin growth, because x19 already looks unbelievably a lot investment into something unknown. Turning $325k into $5.5+ millions is a great achievement. On the other hand, hard to believe someone not only took money and invested, but took loan to invest. And not a small amount, but hundreds of thousands.

[Strongkored]

We call it a success because we already know the outcome, not when it was done.
For me, it is still not a good idea to invest with debt, because what a person earns is not something we are guaranteed to receive.
If it were done now, the situation would be different because we do not know what will happen in the future, it is better to invest only what we can afford to lose.
What other people do and are successful does not mean it is worthy of being copied by us.

[snowpega]

...
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's bad that he deleted his account and never appeared again. And now everyone can just speculate about this matter, like whether he had sold his bitcoin a long time ago or if he is still holding some part of bitcoin till now. Well, in my honest opinion, that was more like gambling, like that person took a loan on his house to try his luck. No doubt he has already won, only in case he booked his profit at any high edge of the market.

The house is a basic need, and it is stupidity to behave like that. It might be more best if that person had invested his savings funds or spare money in the bitcoin rather than taking a loan on his house. But we also know what the plan of that person is or what kind of condition he might be facing in those days that intended him to take this action. What do you think?

[Peanutswar]

If ever that guy hold his bitcoin until this moment or i guess sell it off at the all time high of the market is profitable already but if you tried to check its 9 years ago, imagine a lot of things happen on that and even gets a pandemic previously so for sure some of his holdings are already sold and now becomes one of the story added in the history of the bitcoin that sold their bitcoin. Well cant blame them because we did not expect there's a bitcoin demand right now compared from that years.

[Article4tip]

I know people are going to freak on on this decision but people who always take such risks always have more properties, not just one and also this is better than my friend who sold his house so that he can travel to another country in search of a better life.

He sold his two houses without having extra and the amount he sold those house is still not enough bro cover the expenses of his traveling plan, now he is stuck, he got served while he is still present in my country. People don't wager risks before they go for one, if you are going to use property to take risks make sure you have more than one.

If things worked out differently than you planned then you are not back to the beginning, if I have two houses and this opportunity presents itself I can sell one and buy Bitcoin, CZ did the same and that one decision changed his life.

Then bolded may not necessarily be true. There are people who make financial decisions that are life-changing for better or for worse based on knee-jerk impulse. Insomuch that with the benefit of hindsight, we know that this guy made a smart decision, it is no less risky because there are many things that could have gone wrong. The rule of thumb in these things should be "never invest what you cannot afford to lose.'

[Promocodeudo]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin.  Taking money as loan to invest Bitcoin is not a good way to invest in Bitcoin. You dont have to be over zealous to invest Bitcoin with money that is not yours you may end up not ending the investment well.  Their is no need to borrow such amount of money to invest in Bitcoin,  you can always invest Bitcoin with just the amount that you can afford to lose.

Some people go too extreme to invest in Bitcoin without understanding some facts about Bitcoin, let's consider something before making some steps that may not align with what the investment we want to go into represents, first and foremost, intending or will I say all investors whether new or old should put the fact that Bitcoin is long-term investment into consideration before going to ask for a loan to invest in Bitcoin, this investment is a volatile asset, though due to the history it carries we understand that it has future potential but it is better we invest with our personal money that won't add any interest, it is immortant to face the fundamentals in other not to be silly with our decisions.

[goldkingcoiner]

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.

Never invest more than you can afford. This includes putting your home on the line. That is just gambling. He got lucky that he did that with the right investment. But we should not encourage this kind of blindfolded investing.

Let's hope the guy is living his best life as a hodler. He might become insanely richer in a decade or two.

[Zlantann]

If ever that guy hold his bitcoin until this moment or i guess sell it off at the all time high of the market is profitable already but if you tried to check its 9 years ago, imagine a lot of things happen on that and even gets a pandemic previously so for sure some of his holdings are already sold and now becomes one of the story added in the history of the bitcoin that sold their bitcoin. Well cant blame them because we did not expect there's a bitcoin demand right now compared from that years.

Within these years, there have been different happenings that would have motivated Bitcoiners to sell off. Many of them spent their coins on casinos because they never knew the price would get to this level. Those who have kept their coin for a long time are extraordinary because there were many reasons to sell. I don't blame them because Bitcoin was a strange project that was projected to fail by many so-called renowned economists and financial analysts. That is why Bitcoin has many obituaries.   

[Cryptomultiplier]

If ever that guy hold his bitcoin until this moment or i guess sell it off at the all time high of the market is profitable already but if you tried to check its 9 years ago, imagine a lot of things happen on that and even gets a pandemic previously so for sure some of his holdings are already sold and now becomes one of the story added in the history of the bitcoin that sold their bitcoin. Well cant blame them because we did not expect there's a bitcoin demand right now compared from that years.

Within these years, there have been different happenings that would have motivated Bitcoiners to sell off. Many of them spent their coins on casinos because they never knew the price would get to this level. Those who have kept their coin for a long time are extraordinary because there were many reasons to sell. I don't blame them because Bitcoin was a strange project that was projected to fail by many so-called renowned economists and financial analysts. That is why Bitcoin has many obituaries.    

It is way easier to DCA for long term from some years back till date, than to try lump sum strategy of investment with such kind of loan arrangement the person in question took out just to have Bitcoin.
At some point Elon musk also did similar and had to sell about 75% of his Bitcoin holdings. Even though he still has Bitcoin, Etherum and Doge coin as of date, he doesn't at the expense of his company portfolio, take out loans to do so.

It's still not clear what happened to this person in the story and I must say it is not an advice move to make in this day and age where the price is more in a decline than increase and inflation is on the increase.

[Z-tight]

It is easy to praise many a decision in hindsight, even though it looked stupid as at the time of making the said decision. However, there are so many people who like to gamble, they take risky bets on a lot of stupid things, and for such people, taking a bet on BTC is a great thing to do in my opinion. It is much better to take a loan to buy BTC than to spend it all in unproductive stuff.

In another scenario, if you are going to take a loan to buy BTC, then it would be good if it is a loan you can repay irrespective of the price of BTC as at the time of repayment, maybe with funds from another investment or something. If that's the case, then taking out a loan to buy BTC does not sound too bad, does it. People take loans to start businesses, build industries, invest in stuff, etc, and none of such is guaranteed success.

[nemesis_incarnate]

Never invest more than you can afford. This includes putting your home on the line. That is just gambling. He got lucky that he did that with the right investment. But we should not encourage this kind of blindfolded investing.

Let's hope the guy is living his best life as a hodler. He might become insanely richer in a decade or two.

I too hope for this outcome even though what he did is wrong on many points that were already outlined..

You can work your way toward stability through the means like these.. risks are too immense.

[Issa56]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin. 

When people see the kind of picture that the OP posted they going to be motivated to do similar thing but it doesn’t make any sense to me. Things went well for the person, that doesn’t mean you should do similar thing. Taking loan to invest is just what I always discourage, if you want to invest in bitcoin, make sure you invest with your own money, and it should be any amount that you can afford to lose.

Whenever you invest any amount you can afford to lose, if things goes sideways it’s not really going to affect you, but if you take loan to invest and things didn’t go as planned, that’s when you going to hear that some people committed suicide because they lost some money in bitcoin investment.

[Fivestar4everMVP]

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.

I've seen this post a couple of times on reddit and even on x through people sharing it just as you @op shared it here, BTC191 bitcoins today is worth over $16m dollars, that's an incredible amount of profit for an investment of just about $325k dollars..

But my question not far different from yours, and it's that is this guy still holding those bitcoins? What is the chances that he may have sold those bitcoins too early and may not have profited much from the investment?
I do not know if it's worth my time but I would have loved to carry out a small research using the date he made that post on reddit to find out what happened in the market afterwards, if there was any major dump in the market after that post, is there any chances that he may have panic sold the bitcoin at a loss out of fear of losing his house if the investment goes wrong, and he ended up deleting his reddit account after he found out that panic selling at that time was a grave mistake he made?

Or did he actually ended up making so much money that he felt that deleting his reddit account and staying off that platform was the best way for him to enjoy his money?
Some many questions begging for answers.... But I hope he's ok wherever he is though.

[henry_of_skalitz]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin. 

When people see the kind of picture that the OP posted they going to be motivated to do similar thing but it doesn’t make any sense to me. Things went well for the person, that doesn’t mean you should do similar thing. Taking loan to invest is just what I always discourage, if you want to invest in bitcoin, make sure you invest with your own money, and it should be any amount that you can afford to lose.

Whenever you invest any amount you can afford to lose, if things goes sideways it’s not really going to affect you, but if you take loan to invest and things didn’t go as planned, that’s when you going to hear that some people committed suicide because they lost some money in bitcoin investment.

This exact situation won't happen again anyway, because as of now, to move BTCs to such heights would be impossible in that span of time (in my opinion of course).

Not to mention the risks we all discuss here in such an endeavour..

[Antotena]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin.  Taking money as loan to invest Bitcoin is not a good way to invest in Bitcoin. You dont have to be over zealous to invest Bitcoin with money that is not yours you may end up not ending the investment well.  Their is no need to borrow such amount of money to invest in Bitcoin,  you can always invest Bitcoin with just the amount that you can afford to lose.

I think this depend on the type of loan you can access. First, before you can have any access to any loan, just know that it's going to be hard, you must be doing some work which you must have some percentage amount of money you can use as a collateral before you can take a loan and the loan platform can only give you loan which you can pay back. No serious micro finance and banks are going to give you loan without a collateral or means to pay back.

There are some loan companies that give you zero interest loan, there are many Islamic banks that gives loan without any interest rate. I think this kind of place isn't bad to take loan to finance your Bitcoin purchase. All you have to do is to make sure you buy the one you can pay back, it will not take anything from you if you can pay back. It's only if you can't pay or don't have the means to pay back your loan I will not encourage you to take any loan.

[melinoe]

No matter how you feel about bitcoin and how you see bitcoin it makes no sense to take money for loan to invest in Bitcoin.  Taking money as loan to invest Bitcoin is not a good way to invest in Bitcoin. You dont have to be over zealous to invest Bitcoin with money that is not yours you may end up not ending the investment well.  Their is no need to borrow such amount of money to invest in Bitcoin,  you can always invest Bitcoin with just the amount that you can afford to lose.

I think this depend on the type of loan you can access. First, before you can have any access to any loan, just know that it's going to be hard, you must be doing some work which you must have some percentage amount of money you can use as a collateral before you can take a loan and the loan platform can only give you loan which you can pay back. No serious micro finance and banks are going to give you loan without a collateral or means to pay back.

There are some loan companies that give you zero interest loan, there are many Islamic banks that gives loan without any interest rate. I think this kind of place isn't bad to take loan to finance your Bitcoin purchase. All you have to do is to make sure you buy the one you can pay back, it will not take anything from you if you can pay back. It's only if you can't pay or don't have the means to pay back your loan I will not encourage you to take any loan.

Yeah, proper risk-management clears many things up in this process..Didn't knew such details regarding the loans around the world, your info is much appreciated in that regard.

I would still go around such an option because it still "locks" you to go a certain path, so to speak, to pay up eventually... But maybe some would agree to your take.

[Z-tight]

but if you take loan to invest and things didn’t go as planned, that’s when you going to hear that some people committed suicide because they lost some money in bitcoin investment.

Taking a loan that is far greater than all your assets is stupid, and nobody should be doing that. However, if you have assets that you can take a loan against and invest in BTC, do you still think that is a terrible idea?

Businessmen take loans against their existing assets to either expand their business or start a new enterprise. Many upcoming entrepreneurs also take loans to start up their businesses, all of these has certain risks in it and some people may even call it gambling. So for some it may simply be about gambling in the right industry and BTC could be that for some people.