blatchcorn (OP)
|
|
September 22, 2014, 12:40:12 PM |
|
I cannot resist these cheap coins
|
|
|
|
yokosan
|
|
September 22, 2014, 12:43:02 PM |
|
100% yes. You wont regret it.
|
|
|
|
vlad12
Member
Offline
Activity: 75
Merit: 10
|
|
September 22, 2014, 09:13:37 PM |
|
Yes, but only if the interest is high.
|
|
|
|
Melbustus
Legendary
Offline
Activity: 1722
Merit: 1004
|
|
September 22, 2014, 09:21:51 PM |
|
Do you have the ability to pay it back if things don't go your way? Or if things take years to go your way?
Make sure you can stay solvent for longer than the market can stay irrational.
|
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
|
|
|
scv00
Newbie
Offline
Activity: 56
Merit: 0
|
|
September 22, 2014, 09:29:34 PM |
|
I would not risk taking anything from a company called kneecap finance or similar loan sharks.
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4172
Merit: 4816
You're never too old to think young.
|
|
September 22, 2014, 09:33:03 PM |
|
Shall I take out a high interest rate loan to buy more Bitcoin?
Only if you're borrowing from your own other investments. That's what I'm doing to buy during these times of falling prices, re-allocating my own capital.
|
|
|
|
guy_wonderful
|
|
September 22, 2014, 09:34:21 PM Last edit: September 22, 2014, 10:05:08 PM by guy_wonderful |
|
OP remembers me long time ago. I once took a high interest loan of $5000 , Lost it all in 2 days on FX markets, after got $10k in total. The good point of the history is that loan was taken but not by my face. FAIL or win?
Something I learned: If you risk money with isn't yurs. Like loan one. Very hard (almost impossible) to make "right decision", because Hard earned money and fast money have very different feelings. If you invest hard earned money every movement of investing will be deliberate and precise, which is most important in investing. From that rule investing becomes a real job and profits becomes hard earned money.
|
|
|
|
mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
|
|
September 22, 2014, 09:36:56 PM |
|
Some guy took out a student loan to buy BTC right before the $1000 run up.
|
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
|
|
|
romneymoney
Full Member
Offline
Activity: 193
Merit: 117
HODL
|
|
September 22, 2014, 09:39:11 PM |
|
You could buy BTC and sell it back to make each payment. If it goes up, you can repay it easily and have some leftover, if it stays flat, you lose the interest, if it goes down, you need to figure out how to make the last payments.
|
|
|
|
Dilla
|
|
September 22, 2014, 09:39:36 PM |
|
Extremely risky. Bitcoin is already high risk/high reward. Why bet with money that isn't yours, on high interest on top of that? I think the only time I would was on a FOR SURE upswing rally, even then I would rather dip into my savings and pay that back over a high interest loan. Not this sideways downwards staircase we have been on for months.
"MAH! I NEED MORE MONEY FOR BITCOINS!" (May work too)
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
September 22, 2014, 10:11:05 PM |
|
i feel also tempted. sell the gold or not...
|
|
|
|
yokosan
|
|
September 22, 2014, 10:12:14 PM |
|
For those in the UK why not try https://www.quickquid.co.uk/Only 1999% APR Representative. Bitcoin already rose 4000%, it only has to do that once more and you will double your money! If everybody uses this exemplary service we will push the price up together and ride unicorns into the sunset.
|
|
|
|
Chuckee
Member
Offline
Activity: 70
Merit: 10
|
|
September 22, 2014, 10:12:23 PM |
|
What could possibility go wrong?
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
September 22, 2014, 10:17:09 PM |
|
What could possibility go wrong?
a worst case scenario would be this: price could rise before loan is granted.
|
|
|
|
btcapparel
|
|
September 22, 2014, 10:29:15 PM |
|
no, dont do it
|
|
|
|
Wandererfromthenorth
|
|
September 22, 2014, 10:44:52 PM |
|
That would be irresponsible to a magnitude never seen on this earth.
|
|
|
|
exocytosis
|
|
September 22, 2014, 11:05:58 PM |
|
Yes, and you should also sell your children to a child slavery ring. And sell your kidneys, heart, brain and other organs to a back alley surgeon. Can't get enough of these cheap bitcoins. To da moon! 10k before tomorrow.
|
|
|
|
Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
|
|
September 22, 2014, 11:46:44 PM |
|
Great idea you will have years and years of pleasure from it. Why not throw in a kidney or a lung, they are redundant organs. You can buy them back once you're rich!!! It's a win win !!!
|
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
|
|
|
KJO
|
|
September 23, 2014, 12:00:17 AM |
|
It depends whether or not there is a security interest.
|
|
|
|
Nrcewker
|
|
September 23, 2014, 03:48:43 AM |
|
Now the Bitcoin prices should have been to the bottom, Buy more, Earn more
|
|
|
|
|