Advancing my christmas bonus to buy bitcoin.

[Queentoshi]

What's your opinion, should I do it, or not yet? Or am I being too aggressive?

Are you being aggressive or are you being reactive? the two can look like each other. It is a good plan that you have to buy bitcoins now that it is dumping, but if you are learning to react to news about bitcoin that you are willing to take a loan for an expected money, that is not really a good habit to learn in my opinion, because if you master it, you will also react one day to the market in a way that will make you regret.

[Ummeettaa]

Bitcoin is dumping and I hope you guys did not panic, I did not expect it to go this low as I was expecting Bitcoin to be bullish as Christmas approaches. On the other hand, I'm seeing this as an opportunity, and I already have my own plans, since this coming Christmas I'm expecting to receive a bonus and a 13th month pay, I would be aggressive with investing, I would use 3/4 of that to purchase Bitcoin. In fact I already have something in mind, I would not wait anymore for the release, I will try to borrow money in advance and pay a little interest once I receive my bonus and 13th month pay. I just could not let go of this opportunity as I have a feeling that anytime soon Bitcoin will start to recover.

What's your opinion, should I do it, or not yet? Or am I being too aggressive?

Its a good plan for you to try an invest in Bitcoin with your expected Christmas bonuses expected to be received, the percentage in which you planned to use for investment of also ok to me.

But your only plan I will not advice is for the interest loan you planned on taking and use for investment, it's always not advisable for one to lend or take loan and use for investment, because the outcome is not always guaranteed to be a success.

If you are sure the bonus will arrive as you have planned, it's better you wait till then to buy and invest in Bitcoin as you planned, and I think by even then the value might still not be up as it was some time back, and hopefully if kept for some time will appreciate.

[Ojima-ojo]

Bitcoin is dumping and I hope you guys did not panic, I did not expect it to go this low as I was expecting Bitcoin to be bullish as Christmas approaches. On the other hand, I'm seeing this as an opportunity, and I already have my own plans, since this coming Christmas I'm expecting to receive a bonus and a 13th month pay, I would be aggressive with investing, I would use 3/4 of that to purchase Bitcoin. In fact I already have something in mind, I would not wait anymore for the release, I will try to borrow money in advance and pay a little interest once I receive my bonus and 13th month pay. I just could not let go of this opportunity as I have a feeling that anytime soon Bitcoin will start to recover.

What's your opinion, should I do it, or not yet? Or am I being too aggressive?

Borrowing to buy Bitcoin at a discount price like this is good, since you have your bonus coming in in a bit from now, but the only problem that is in this is that you mentioned that you are going to pay interest on the loan, this may deny you of the profits you think you are expecting to get from buying Bitcoin at the current price you see as discount price.


If the loan is without any form of interest, I could have advised that you take the loan but now that you say you need to pay some interest on that loan that kills all expectations from this.

[blockman]

I would not wait anymore for the release, I will try to borrow money in advance and pay a little interest once I receive my bonus and 13th month pay. I just could not let go of this opportunity as I have a feeling that anytime soon Bitcoin will start to recover.

What's your opinion, should I do it, or not yet? Or am I being too aggressive?

That's a fair thought of thinking of advancing it before it's even released because this opportunity that bitcoin is giving us could not be seen anymore maybe after a month or a couple of weeks. You're not aggressive but you're thinking of this opportunity to be gone asap because we haven't anticipated that it will be back at this point. If you have decided to do it, as long as you can cover the interest and I know it won't be that much of a burden to you, I guess that it is all ok because you have that money ready to pay for it.