Does loan have impacts in business since it's not advisable for BTC investments.

[Shaponzy]

 Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

[Hypnotizer]

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

Business and investment are very different especially when we are talking about volatile investments like Bitcoin, you can’t compare it to a business.

Taking out loans for business purposes can also be discouraged in some certain circumstances but it is advisable in most cases since it’s business.

  In a situation where you’ve figured out how to do the business and the only thing holding you back is money then you can borrow to start it; and also when you are already running a business and you need money to continue or expand the business then you can also borrow.

[Livingleged]

~snip
I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

Nobody will tell you that taking loan form bitcoin investment is a bad idea if you have a well planned arrangement for the repayment aside the bitcoin investment you’ve used the loan for. Infact most successful investors have taken loan to fund their investments at some point in their life. the only time people are against loan is if you do not have other alternative means to pay the loan then it’s not advisable because it will definitely affect your investment when the interest start frustrating you.
Without loans, most businesses wouldn’t have been successful.

[Antidote47k]

I think you are comparing two different things, business loans and loans to buy bitcoin are not really the same thing. Most businesses rely on loans for start up capital, expansion, inventory and equipment and I think most loans are relatively taken for business and ventures. I don’t see anything wrong with taking a loan for a business if you have a proper business plan and a clear path to profit, in fact when you go to a bank for a loan, what they want to see is a clear path to which they get their money back with interest of course. It all boils down to whether the business can generate enough Cashflow to repay the loan.

As for bitcoin just do DCA and don’t complicate things for yourself, bitcoin doesn’t have a high return within shot periods of time so treat it as a long term investment and slowly accumulate your portfolio.

[BIT-BENDER]

Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

It's not about right or wrong, it depends on the amount of loan you are taking and the business you intend taking the loan for, yes people take loan for business but some has been successful in it and some has never meet up with the loan repayment terms.
You can also take loan to invest in Bitcoin and be lucky to be just in time for a massive Bitcoin bull run but the risk are high, there are businesses that has failed and those that has succeeded so what ever it is be aware that taking a loan for anything is risky.

[Dr.Bitcoin_Strange]

The risk of taking a loan to start a business is that if the business fail, you will definitely struggle to repay the loan unless you already have a backup that you plan on using to clear the loan in case the business fails.

Another risk is that if the business is not actually going as planned, the loan interest will keep increasing as you continue to extend the repayment period, depending on whether the firm allows loan extensions.

Taking a loan for business purposes can be good if you are taking it as a working capital loan, which entails that you already have a standing and successful business, but you are taking the loan to expand your business. In that case, you are in a better position since you are already in the business and know your capacity before going for a loan.

If you want to take a loan to start a new business that you are not so sure of, it's better you go for a very low or zero interest loan.

[JoyceBTC]

I won’t say if it is right or wrong because everything depends on the individual involved and how well he will be able to manage the business he started with a borrowed funds to pay back. There are some persons that borrowed money to start up their business due to lack of funds, and they were able to manage the business well to pay up their debts and their business continued booming well while some persons was vice-versa.
Before taking a loan to start up a business, be sure you’ve weighed your options to be sure you will be able to pay back, because risk are involved in all businesses and depends how you will be able to manage the business to avoid it collapsing and running into more debts.

[Jammy01]

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

taking a loan generally is not wrong if you have a well structured way of paying back
If you are going to take a loan to start a business you should be sure that the business will generate enough income for you to pay back the loan on time, if not, I won't advise you take loan to start a business

[Yorubek]

In my opinion, it is not right to investment or business in Bitcoin by loan because there is no confirm that an investor will succeed by investing in Bitcoin because Bitcoin is very volatile and its price fluctuates rapidly, so it is not possible to give a 100% confirm for making money through investment. Therefore, loan money is not right for investing in Bitcoin, but if you have the ability to repay the loan or have a backup, then of course you can purchase Bitcoin by loan and hold Bitcoin for the long term with confidence.

There is risk in doing business but it is much less than investing in Bitcoin because it completely depends on the knowledge and skill of a person using a planning strategy. When a person manages business with the right knowledge, skill and discipline and sticks to it with patience and waits for the right time, the chances of success increase a lot. Therefore, it is less risky than investing in Bitcoin, which is why business can be done by loan. However, I personally do not like business or investment by loan.

[SOKO-DEKE]

Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

Both taking a loan to do business and taking a loan to invest in Bitcoin can be right, and they can also be wrong because it all depends on how you are going to pay the loan back.For example, someone who has been in the crypto industry for a very long time and has a lot of experience can take a loan to invest in Bitcoin, as long as they plan it well and will not face any challenges that could force them to sell their Bitcoin investment.So, I feel that the idea of taking a loan to invest in Bitcoin is not always wrong. The advice against it is mainly for newbies who do not have any experience in the crypto market because they may have a poor plan for repaying the loan and could panic and sell their Bitcoin at the wrong time.

I have seen people take loans to invest in Bitcoin without facing any problems that forced them to sell at the wrong time because they planned well for how to repay their loans because they did not rely solely on their investment profits to pay them back.The same applies to business. a business can still collapse with good plans, Just imagine someone who borrowed money to start a business, but customers do not patronize the business enough. In that case, the business is likely to fail, making it difficult for the person to repay the loan and can lead to also sell the goods at cheap rate to repay the loan to avoid further damage of the business.

[B-BossMan]

Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

 Well Op, it all depends on the kind of business you are doing, because when taking the loan for business purposes you should also kno2 that you must have ability to repay back the loan when it's due time. Taking loans to boost an existing business operations is fine, if truly managed carefully, the loans can help expand the business profits grows faster than before, however borrowing a loans without a well proper financial planning can leads to pressures, because every business has term/ season, so there must be market changes and poor sales encounter unexpectedly, and that may makes the loan repayment very difficult at that moment and note that business failure may comes in also.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

Thank God you you know the consequences for taking loans for bitcoin investment purposes, so advisablelly, when taking loans to put in business, it's better to evaluate the risks and program yourself for repayment, I'd all these are being maintained wisely you may succeed probably.
Warning: take the loan you can afford to repay.

[Jubilee58]

Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

Taking loan to invest in bitcoin is not advisable since reward on Bitcoin is always long term, but taking loan for business is advisable if only the borrower can utilize the loan properly. For instance, people take loans from banks to fund their business or even take loans from cooperatives, but the truth is that loans should not be used for feeding or settling bills, using loan in such manner is very wrong, and can reck an individual financially.
Taken loan to fund your business can make you grow financially, but people regret taken loans because they don't use it for the right thing.

It is clear that every business involves certain amount of risk, but when you take loan to invest in Bitcoin, and you lack patience, such person could likely panic, and sell at loss, you end up incurring more depth.

[Wiwo]

Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

If you have a well drafted and mastered business that you are sure of a guaranteed turn over, the loan to finance that business is not a bad idea, because as much as you can't afford to finance the business, loan will help you to facilitate the business and you work towards making sure your repayment is made on time.

In taking loan wjay you must look out of is the Interest on the loan, make sure that the loan is a zero interest loan or very low interest percentage to pay.

[HajiBagi]

Although i read through many member's ideas here patterning the risks in loans, everyone have given the best advices they could. I noticed alots of people kicked against taking loans for investment purposes or invest into bitcoin investment with borrowed funds, I understood the reason behind it, that is, for example after successful taking the loan and the price of bitcoin drops down, the investor may be forced to sell just to cover up the debts or meet up with the deadline been given, market dips must happen in bitcoin because it's volatile, naturally price can drops at any time. However I would like to refer it to the business aspect. When it is business many people have different ideas and views because it usually don't collapse just overnight, and a well maintained business can bear the challenges and make improvements on how it operates, by reducing some unnecessary costs or totally changes the business strategies to regain from the obstacles period.

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

Since you have already explained how risk taking loan to invest in bitcoin is, I still believe you can also have an idea about taking a loan to start a business, the two are not the same thing. For me, I see taking a loan to start a business better and advisable than taking a loan to invest in bitcoin. We all know, even investing in bitcoin with your own hard earned money is not what some people can do due to the risk and how it use to works. and taking a loan to invest will never let a person to have a rest of mind.

Anyone who takes a loan to invest in bitcoin will always panic, even if he has a good plan of paying the loan he will never have a good rest of mind because seeing the market going down will make him feel like he regrets investing in bitcoin, but we have seen many business owners taking loans from banks and making sure they pay the loan without having any problems or panic, both are risky but taking a loan to start a business is better and advisable than taking a loan to invest in bitcoin.

[Salahmu]

I am raising a relevant questions here that, if taking loans for bitcoin investment purposes is wronged, does taking it for business purposes advisable?

On investment terms both Bitcoin and business are all investment but however there are things you could do on a business that will not be good to do it Bitcoin investment so actually is good to borrow for the sake of business because from the time you will start making profit in the business is not the same time in Bitcoin, for instance if you took some loan to invest on your wholesale business, is very certain without doubt that customer will be coming everyday and that's how you are recording profit but in Bitcoin instead investing it to start earning you will have to leave it to stay couple of years and not only that, you will still have to be investing for more so actually you can ask yourself that for someone who earns daily and someone that would get his profit after few years which of them could pay the debt?.

[Cleanshit]

I would say the difference should be clear, a good business should be able to generate a good cash flow in other to pay back any take loan. As Bitcoin himself no produce income so In such aspect your profit gain in business you can go ahead and be paying the loan, even if it might be slow in some cases. But in bitcoin cases you have to be depending on price appreciation and you can't just predict when it can happen, that one thing with Bitcoin.
In all I won't say taking a loan for a business is a best thing to do. Ur assurance of the outcome of the business matters if start, your repayment shouldn't now come and be depending on the how well the business flows, it will affect how well the business should flow

[ArabBTC]

To me loan has a remarkable impact on business, if you take loan to finance a struggling business there are 60% chances that the business will pick up from what it use to be because of more capital, my only fear in using loan to finance business is the high interest rate that comes with certain loans, especially when you don’t pay up as at when due, the loaners and loan interest might even pressure you to the extent you might end up making wrong business decisions. I prefer any business man to grow his business gradually rather than financing it with loan because there is an 80% chance that he might not pay back the loan as at when because you can’t predict the market, and it might make the investor become anxious which might lead to him doing poorly in business or even go bankrupt.

[DYOR+BTC]

In Nigeria today business is the only hope of a common man, without business it will be very difficult to predict once outcome as salaries are no longer enough to help one maintain balance.
Many wish to setup businesses to help meet up there needs but because they lack financial strength to do so but can as well meet up if business loans are available for them. Though Many dislikes setting up businesses with loans but to be honest  its better investing with loans instead of holding and depending on salaries when we know we can't keep up with it.
Of a truth its challenging keeping up with loans but it's better trying than sitting and depending on what we all know can never be enough to take care of our needs