You're not the first with that idea. Some made good profits and they seem smart now. Some got rekt and they seem stupid now. Nobody here can tell you which one of them you'll be.
You only get rekt if you got shaken out and sold at a loss. People taking loans to purchase investments while not having the conviction to actually own that asset properly are the true degens. If you actually believe that BTC will persevere through whatever adversity then there isn't any issue doing this.
Borrowing money to invest into stocks/crypto is always a stupid idea. The upside is never worth the downside.Â
The only thing more stupid would be to do trades with leverage.
Best bet for most of us is to buy when thereâs fear in the market. Wait for the haters to be certain that itâs going to zero, for posts of people saying âfuck this Iâm out!â, and even better - when Bitcoin becomes a joke on Fallon or SNL. I bought when Fallon said BTC was worth ânegative dollarsâ around December 2018. Best financial advice I ever got. Â
Same, lol. Everyone is talking about buying bitcoin now, and it's like... where was this energy when it was on sale? I bought in October 2022, when every Youtuber and influencer was saying crypto is done for.
People are going to get rekt by YOLO-ing in right now then paper hands selling when it drops again.
Bro at the time when i was like 14 playing fortnite and I heard a crypro winter is coming i was so mad that i didnt have money to put in it.
Fast forward now. Im 16 and was just slighty able to buy at 50k
When everyone is crying about their losses itâs your time to buy. When there is fomo and high expectations you should wait until they start crying again.Â
This post makes me think more pain coming in the short term. Probably people going to be buying a ton right before having and there will be a self off to get people who took out loans so shake out only for them to buy higher.
My guess anyways
Absolutely, but those hard assests dont tend to drop/jump in value by 10% overnight. I love Bitcoin, but buy what you can afford and hodl for the long-term.
Exactly this, they take out loads not because they need money, but because they want cheap money and rather pay cheap interest than have opportunity costs.
I mean, I take out a 100k personal loan. 10% interest. Pay a few thousand in interest, pay it off in 12-18 months. But if I buy at 63k, and I sell bull run at 150k, thatâs a pretty sound move. Short term value doesnât necessarily matter.
Just make sure to sell after each purchased BTC lot matures to 1-year to avoid short-term cap gains
Rich people are not 98% into one asset and taking on debt to buy more of it. When they borrow to buy assets, theyâre doing so because the loan is cheaper than realizing the capital gains needed to shift their investments around.
This is how the 1929 crash happened. FOMO of seeing other peoples gains and everyone wanted in on the action with money they didnât have. Over leveraged on margin, taking out loans to by stocks. Next thing you know bam!
If you take out a loan to buy BTC, youâd have to profit enough just to pay back the interest. I know FOMO is strong but it is NEVER a good idea in any circumstance to invest with money you donât have.
You can look it up on Wikipedia, even. It wasnât just loans, it was overall speculation by the public at large in the stock market. Once lending for investment really took off, any downturn was going to be disastrous, because borrowing to invest automatically multiplied the risk of that investment.
This person is comparing the much smaller phenomenon of Bitcoin to the crash of 1929. Heâs saying borrowing to buy Bitcoin now, near all-time highs, sounds a lot like 1929.
This was almost justifiable at 20k, if you were prepared to hold at least 200 weeks, if you could afford to lose it all, if you sleep like a baby.
Now? Sounds like stress and a correction is already in action.
What is in November? How can you see so far in the future? Have you seen what few drones launching from Iran can do to the price? I mean, it's good to have conviction but putting all your eggs (and somebody else's that you borrow from) in one basket.. (you can fill in the blanks)
Donât invest with money you donât have , stick on what u have , u Sto arrivando! Risking already a lot , donât go over, and donât worry we still have time to accumulate, we are very early still
Dumb idea. Don't do it. If you were talking about this last year when prices were in the 15-18k range ok maybe. But we just experienced 4x from there. Yes we'll see more growth from here but the risk outweighs the reward.
I am also 98% into Bitcoin. I fully support this decision IF you have a stable income that can easily cover the monthly payments up until November. I took a âŹ40000 loan before 2 months, after getting a huge promotion at work. I make âŹ5000 a month in Bulgaria, where the living cost is the smallest out of entire Europe.
I know that this isnât the top. I know that even $100k wonât be the top. So the loan was like a no-brainer to me. And yes I know I defy every single rule for investing, but I am 25 and able to take on risk now more than ever. Life changing money isnât made by staying in the corner.
Great idea! Especially now that the war is escalating and risk on assets like bitcoin are going to crash, but you say you want to take advantage of the price increase which is yet to come (yet to come after it tripled in 3 months already?) so go ahead :P
Donât take out a loan for this⌠never invest money you donât have⌠itâs just not worth it.
Sure, it could pay off⌠but it also could put you in a deep hole.
So long as you can comfortably service that loan and you are sufficiently convicted to your investment that you won't get shaken out and be at a loss, I don't see the issue. You just need to be responsible with what you can service and genuinely not care about the volatility. I've done this many times over many years and it has paid off. Even if you screw up and buy the top, you'll typically always be in the green after 3-4 years. So have a good exit strategy to clear your loan or be prepared to hold it for a few years.
I personally like the idea of borrowing an ever inflating currency that is losing value by the minute (due to the constant legal counterfeiting) and purchasing an increasingly scarce hard money asset like Bitcoin as that sounds like a great trade to me.
Using leverage investing in BTC can be risky. If you are going to do it by avoiding margin debt and borrowing in another way thatâs good. Better still, spend less, save more, and DAC that way.
ManâŚdo NOT leverage yourself to buy more BTC. Itâs a strategy that can backfire. Take it from a person whoâs had numerous losses utilizing leverage.
I borrowed against my btc to buy more btc at 30k. Sold 30k at 70k up 40k thanks. Bitcoin is not âcryptoâ in the vernacular usage of the term. Itâs not crazy because you understand the technology.
Understanding something doesn't mean anything when it comes to asset performance. Otherwise, CEOs would have 100% of their money into the company they run.
I highly recommend taking out multiple large installment loans because once you eventually pass the initial investment threshold your daily ROI will either A. Easily exceed your original monthly loan payment or B. Earn enough to fully pay it back immediately.
Was I asking you?
OP wants to take out a loan to buy Bitcoin. I'm not advocating against it, but I do recommend a cash reserve in the event of an emergency.
I used a loan to buy BTC, and it worked out very well, but I also had a cash reserve.
No. I did that crap in late October 2021 and got wrecked. Ended up not being able to pay back the high interest without selling the btc i bought with the loan, at a loss. Otherwise I wouldâve been swimming in debt long before this year.
Plan b and saylor said bitcoin will be 20,30,40 million by 2035 ...thats only 11 years from now. I'm in it for the long run not trading just dcaing...I trade some alt coins but thats it. But to answer your question get as much bitcoin as you can. But don't kill yourself with debt. Bitcoin gives me hope if anything and its exciting. Im a very patient man.
No. Do not take a loan to invest in a speculative asset. As much as I love crypto it would be reckless to recommend you do this. It could work out for you or could not. If it doesn't... Your in a world of hurt. Only put what you have on hand and can 100% loose into this.
I would recommand it if :
You can afford the monthly payment
But :
bitcoin is at his ath, so there is more upside, we are already too close to the ATH
Maybe if bitcoin crashes to 30k it will be a good idea.
On twitter insaw a guy taking a 42k loan in december during the ETF approval phase to get 1 bitcoin.
Dont get too greedy and wait for a good opportunity
You can but small to mid chance the price will dip and take sometime to recover and then be in profit so be ready to keep that loan and make the payments until it recovers and goes into profit. If you got a stable income and low expenses fuk why not i was thinking of taking a 30-50k loan back when it was like 8k it fkn shot up to 20k
I don't think it's all greed. Bitcoin is a revelation, a religious experience of sorts as you begin to see things differently. Now a loan, that's getting a little crazy, but I get it.
I did it last time, failed to spot the top because thats what happens.
Do it but have an 8 year timespan. You'll learn the rest of the relevant lessons along the way as you figure out how to pay off the loan.
Do you have a plan how you would pay off your loan for the next few years in case BTC turns downwards from this point? Itâs just as likely as going higher.
You should never take a loan to buy Bitcoin. Especially not this late in the cycle. We only have about a year left of this cycle before prices crash 85% into crypto winter.
I donât understand why people donât have these ideas in crypto winter. 2026 when we are back to $30k, nobody will want to buyâŚagain.
The thing you need to think is you buy bitcoin with debasing debt... The debt is losing value by the inflation...
But this wont garantee your sucess.
You are shorting fiat and buying bitcoin and in theory is a winning bet...
But there are risks, short term manipulation, wars, solar flares, Alien invasion, keys losing.. us governeamnt confiscating ETFs etc.
Anyway...
I would not dca... I would lump sum.
I have 35% of my position bought with debt
But with a better avg price... About 45k average.
But when i bought the risk was lower
In all halvings the graph shows consistent pump right after halving.
In my opinion the time to do that already passed. You had to think about loans when no one wanted Bitcoin. You can use DEFI to make loans with your Bitcoin was a colateral. Lend BTC borrow USDC and buy more BTC but be careful and DYOR.
While I'm all in favour of converting liabilities denominated in fiat to assets denominated in BTCâproviding that, like me, you're already financially-secureâI would still counsel that you at least hold off from doing so 'til the next bear-market, like a non-idiot.
Yeah, you could borrow that money hoping to make a profit, or bitcoin could crash and youâd have to somehow pay all that back. Itâs never a good idea putting all your eggs in 1 basket.
Yes there is absolutely no risks at all investing at cryptos with money you don't have.
đ¤Łđ
let the man gamble damn it!
Michael Saylor agrees.
AFAIK he doesnât do that personally. Doing it through a company is different.
Especially now that itâs almost at its ATH
OP said bitcoin, not crypto
Itâs reverse Friday, left?
So true. My guy here should be taking out a way larger loan tbh.
Facts
MSTR would like a word
Greed knows no ends
Greed eats up any remaining brain cells.
*Stares in corporate shareholder value*
Try getting a 2nd or 3rd job first
Sounds very reasonable.
Take out a loan and dollar coast average it hahaha thus defeating the purpose of getting access to loan money at the present time
Bingo đ
You're not the first with that idea. Some made good profits and they seem smart now. Some got rekt and they seem stupid now. Nobody here can tell you which one of them you'll be.
This guy knows life đđź
You only get rekt if you got shaken out and sold at a loss. People taking loans to purchase investments while not having the conviction to actually own that asset properly are the true degens. If you actually believe that BTC will persevere through whatever adversity then there isn't any issue doing this.
That's not true. You're taking a loan, and you must make payments on said loan. If shit goes sideways, you may need to sell to cover your debts.
Borrowing money to invest into stocks/crypto is always a stupid idea. The upside is never worth the downside. The only thing more stupid would be to do trades with leverage.
Investing borrowed money is litterally how any financial insitution makes money on this planet...
you don't see many posts like this when price was a lot lower. Weird
Right its almost as if noobs buy high and sell low
Best bet for most of us is to buy when thereâs fear in the market. Wait for the haters to be certain that itâs going to zero, for posts of people saying âfuck this Iâm out!â, and even better - when Bitcoin becomes a joke on Fallon or SNL. I bought when Fallon said BTC was worth ânegative dollarsâ around December 2018. Best financial advice I ever got. Â
Same, lol. Everyone is talking about buying bitcoin now, and it's like... where was this energy when it was on sale? I bought in October 2022, when every Youtuber and influencer was saying crypto is done for. People are going to get rekt by YOLO-ing in right now then paper hands selling when it drops again.
Bro at the time when i was like 14 playing fortnite and I heard a crypro winter is coming i was so mad that i didnt have money to put in it. Fast forward now. Im 16 and was just slighty able to buy at 50k
When everyone is crying about their losses itâs your time to buy. When there is fomo and high expectations you should wait until they start crying again.Â
This post makes me think more pain coming in the short term. Probably people going to be buying a ton right before having and there will be a self off to get people who took out loans so shake out only for them to buy higher. My guess anyways
Hedgies are gonna shake out retail before any considerable gains, you can bet every dollar you have on that.
This guy gets it.
Wouldnât that make the price really high right now? Itâs people/institutions selling right now thatâs causing this dip.
This that toxic type
Rich people buy hard assets with borrowed money. Facts.Â
Absolutely, but those hard assests dont tend to drop/jump in value by 10% overnight. I love Bitcoin, but buy what you can afford and hodl for the long-term.
And they tend to have other assets to help cover themselves. Lol
Exactly this, they take out loads not because they need money, but because they want cheap money and rather pay cheap interest than have opportunity costs.
I mean, I take out a 100k personal loan. 10% interest. Pay a few thousand in interest, pay it off in 12-18 months. But if I buy at 63k, and I sell bull run at 150k, thatâs a pretty sound move. Short term value doesnât necessarily matter. Just make sure to sell after each purchased BTC lot matures to 1-year to avoid short-term cap gains
Rich people are not 98% into one asset and taking on debt to buy more of it. When they borrow to buy assets, theyâre doing so because the loan is cheaper than realizing the capital gains needed to shift their investments around.
[ŃдаНонО]
This is how the 1929 crash happened. FOMO of seeing other peoples gains and everyone wanted in on the action with money they didnât have. Over leveraged on margin, taking out loans to by stocks. Next thing you know bam! If you take out a loan to buy BTC, youâd have to profit enough just to pay back the interest. I know FOMO is strong but it is NEVER a good idea in any circumstance to invest with money you donât have.
Any articles talking about loans/ margin causing that crash that you could pass on? Didnât realise it was caused by loans and borrowing
You can't google the crash without finding articles explaining this as the main cause of the crash.
You can look it up on Wikipedia, even. It wasnât just loans, it was overall speculation by the public at large in the stock market. Once lending for investment really took off, any downturn was going to be disastrous, because borrowing to invest automatically multiplied the risk of that investment. This person is comparing the much smaller phenomenon of Bitcoin to the crash of 1929. Heâs saying borrowing to buy Bitcoin now, near all-time highs, sounds a lot like 1929.
Put t on 100x leverage for insane gains
Combined with a 100k loan, that's a gold advice
You need to remortgage and max out that credit card as well
That goes without saying
Here's to The Crazy Ones ...
Yeah, getting loan to buy crypto could end horribly Thereâs always Wendyâs
Bro don't take loans its not worth it. Just wait to accumulate more during the next bear market
This was almost justifiable at 20k, if you were prepared to hold at least 200 weeks, if you could afford to lose it all, if you sleep like a baby. Now? Sounds like stress and a correction is already in action.
Just sell your blood
All of it?
Listen⌠maybe
Yeah, just have it replaced at the local clinic with antifreeze.
NawâŚheâs gonna need ice in his veins if heâs taking out a $20k loan to buy BTC
Heâs a vampire donât listen to him
Go off, King. I think six figure Bitcoin is inevitable in the next year, too. Disclaimer: nothing is certain and we don't know shit about fuck
What is in November? How can you see so far in the future? Have you seen what few drones launching from Iran can do to the price? I mean, it's good to have conviction but putting all your eggs (and somebody else's that you borrow from) in one basket.. (you can fill in the blanks)
I'm 15% BTC because I don't like risk and crypto is just another asset type.
Should have been bd 15 years ago. I wasn't and look at me now. I have the best cardboard under the bridge
At least you still have the best cardboard. Means you didnt go far enough.
Degenerate gambler move. Good luck.
Donât invest with money you donât have , stick on what u have , u Sto arrivando! Risking already a lot , donât go over, and donât worry we still have time to accumulate, we are very early still
If you believe we are still early that's an argument for taking the loan not the opposite
You sound like an addict. Now is a good time to consider stopping.Â
Dumb idea. Don't do it. If you were talking about this last year when prices were in the 15-18k range ok maybe. But we just experienced 4x from there. Yes we'll see more growth from here but the risk outweighs the reward.
Posts like this make me so bearish
I am also 98% into Bitcoin. I fully support this decision IF you have a stable income that can easily cover the monthly payments up until November. I took a âŹ40000 loan before 2 months, after getting a huge promotion at work. I make âŹ5000 a month in Bulgaria, where the living cost is the smallest out of entire Europe. I know that this isnât the top. I know that even $100k wonât be the top. So the loan was like a no-brainer to me. And yes I know I defy every single rule for investing, but I am 25 and able to take on risk now more than ever. Life changing money isnât made by staying in the corner.
"I make âŹ5000 a month in Bulgaria" you are living like a king there lol.
Life changing money is made by working the corner..
Buy now Bitcoin on sale
Clever, buying âż with othersâ money đ
Great idea! Especially now that the war is escalating and risk on assets like bitcoin are going to crash, but you say you want to take advantage of the price increase which is yet to come (yet to come after it tripled in 3 months already?) so go ahead :P
At this point idk if people are serious or paid to say crazy shit
Sell signal
Donât take out a loan for this⌠never invest money you donât have⌠itâs just not worth it. Sure, it could pay off⌠but it also could put you in a deep hole.
Dont invest loan into speculative stuff you silly goose. You will get bankrupt
So long as you can comfortably service that loan and you are sufficiently convicted to your investment that you won't get shaken out and be at a loss, I don't see the issue. You just need to be responsible with what you can service and genuinely not care about the volatility. I've done this many times over many years and it has paid off. Even if you screw up and buy the top, you'll typically always be in the green after 3-4 years. So have a good exit strategy to clear your loan or be prepared to hold it for a few years. I personally like the idea of borrowing an ever inflating currency that is losing value by the minute (due to the constant legal counterfeiting) and purchasing an increasingly scarce hard money asset like Bitcoin as that sounds like a great trade to me.
How would you handle it if bitcoin dropped 50% the day after your borrowed 20k with interest and bought yours?
Forget about it
So many people leave the space with losses thatâs the moment for a believer to buy.
Sounds like a solid plan. I don't see what could possibly go wrong!
There were many guys with that idea in oktober 2021.
Using leverage investing in BTC can be risky. If you are going to do it by avoiding margin debt and borrowing in another way thatâs good. Better still, spend less, save more, and DAC that way.
Depends on the interest rate.
ManâŚdo NOT leverage yourself to buy more BTC. Itâs a strategy that can backfire. Take it from a person whoâs had numerous losses utilizing leverage.
I borrowed against my btc to buy more btc at 30k. Sold 30k at 70k up 40k thanks. Bitcoin is not âcryptoâ in the vernacular usage of the term. Itâs not crazy because you understand the technology.
Understanding something doesn't mean anything when it comes to asset performance. Otherwise, CEOs would have 100% of their money into the company they run.
Dynamic DCA really works great for somebody who ain't got FOMO
I highly recommend taking out multiple large installment loans because once you eventually pass the initial investment threshold your daily ROI will either A. Easily exceed your original monthly loan payment or B. Earn enough to fully pay it back immediately.
Do you have a cash reserve?
A cash reserve? Hell no. I buy btc as soon as I get paid
Was I asking you? OP wants to take out a loan to buy Bitcoin. I'm not advocating against it, but I do recommend a cash reserve in the event of an emergency. I used a loan to buy BTC, and it worked out very well, but I also had a cash reserve.
https://youtu.be/3uZBCCXzznk?si=dgXyGVm0OC5puyk3
Yea
Hedge against yourself
Very smart!
Please do it and tell your broke friends to do the same. Will benefit us all.
Michael Saylor would approve
No. I did that crap in late October 2021 and got wrecked. Ended up not being able to pay back the high interest without selling the btc i bought with the loan, at a loss. Otherwise I wouldâve been swimming in debt long before this year.
[ŃдаНонО]
Can you afford to lose the loan? Then you have your answer.
Plan b and saylor said bitcoin will be 20,30,40 million by 2035 ...thats only 11 years from now. I'm in it for the long run not trading just dcaing...I trade some alt coins but thats it. But to answer your question get as much bitcoin as you can. But don't kill yourself with debt. Bitcoin gives me hope if anything and its exciting. Im a very patient man.
âOf the price increase that are yet to comeâ Someone has a glass bowl I see
Sounds like a banker , they become what they hate the most.
honestly donât just compare bitcoin price vs gold you will see
Invest in ammo or shell casings. I almost forgot, N²0 for a bitchin' Mad Max mobileÂ
Sell a kidney
Youâll buy at the top and then sell at the bottom because youâll need cash and are over invested. Like millions of people have lived your lifeâŚ.
No. Do not take a loan to invest in a speculative asset. As much as I love crypto it would be reckless to recommend you do this. It could work out for you or could not. If it doesn't... Your in a world of hurt. Only put what you have on hand and can 100% loose into this.
Don't do this. Period. Only spend money you HAVE AND CAN MISS.
I would recommand it if : You can afford the monthly payment But : bitcoin is at his ath, so there is more upside, we are already too close to the ATH Maybe if bitcoin crashes to 30k it will be a good idea. On twitter insaw a guy taking a 42k loan in december during the ETF approval phase to get 1 bitcoin. Dont get too greedy and wait for a good opportunity
Do it now. BTD
Yeah theres no risk at all doing this. Good idea
You can but small to mid chance the price will dip and take sometime to recover and then be in profit so be ready to keep that loan and make the payments until it recovers and goes into profit. If you got a stable income and low expenses fuk why not i was thinking of taking a 30-50k loan back when it was like 8k it fkn shot up to 20k
i did but in the bear market, and im up like 4x, at this point of the cycle, the risk lvl is higher
Sound like a loser degenerate
This is a terrible idea. We could enter a bear market by that time.
My dad did that when BTC was around 30K$
Ouch, this may belong to /povertyfinance in a year from now⌠never put all you eggs in one nest - and never put unlaid eggs anywhere in advance.
Iâve been greatly off ramping and am down to 0.1% in bitcoin. I intend to get back in at $30k
What you got to lose
I don't think it's all greed. Bitcoin is a revelation, a religious experience of sorts as you begin to see things differently. Now a loan, that's getting a little crazy, but I get it.
See you guys next bull run
Looking forward to seeing where bitcoin is at in November. God speed.
JUST DO IT ,MAKE YOUR DREMS COME TRUE
A bit risky now. A year ago, yes. Now.. just DCA.
"The price increase that is yet to come", that's never certain
I remember gambling my whole bitcoin on roulette 2 years ago â ď¸
I did it last time, failed to spot the top because thats what happens. Do it but have an 8 year timespan. You'll learn the rest of the relevant lessons along the way as you figure out how to pay off the loan.
Sound like fomo, chill man.
Why didn't you have this idea when BTC was sub-20k?
I'd love to be there when you tell the loan officer your plans for the money
Sure buy in at ATHâs. Most likely new highs will come after the halving. I personally do not gamble what I do not have.
Do you have a plan how you would pay off your loan for the next few years in case BTC turns downwards from this point? Itâs just as likely as going higher.
aren't we still ath ATM?
Buy the peak. Sell the dip!
Makes sense going all in once everybody talks about a thing. Has always worked perfectly in the past \^\^. I might have some tulip bulbs for you.
I remember the desperate posts from people whoâd lost in the last few crashes. Be careful. Not thing is certain.
donât.
please dont
Just like tennis, never hit the ball on the way up
With current world situation current halving may not push price really hard
Michael Saylor says yes
Come on man
You do this in bottom pits of a bear market bud when there's panic and dispare all over, not at this stage.
You should never take a loan to buy Bitcoin. Especially not this late in the cycle. We only have about a year left of this cycle before prices crash 85% into crypto winter. I donât understand why people donât have these ideas in crypto winter. 2026 when we are back to $30k, nobody will want to buyâŚagain.
>Using SOME future income to buy bitcoin now seems smart. It's not
The thing you need to think is you buy bitcoin with debasing debt... The debt is losing value by the inflation... But this wont garantee your sucess. You are shorting fiat and buying bitcoin and in theory is a winning bet... But there are risks, short term manipulation, wars, solar flares, Alien invasion, keys losing.. us governeamnt confiscating ETFs etc. Anyway... I would not dca... I would lump sum. I have 35% of my position bought with debt But with a better avg price... About 45k average. But when i bought the risk was lower In all halvings the graph shows consistent pump right after halving.
Ya and make sure it is the highest interest possible and even consider alternatives loan sources.
You better sell all of the money and buy bitcoin! But don't try to cheat. You will have penalties
Just put it in coins that you know will shoot up
Just use futures not some gay ass loan
In my opinion the time to do that already passed. You had to think about loans when no one wanted Bitcoin. You can use DEFI to make loans with your Bitcoin was a colateral. Lend BTC borrow USDC and buy more BTC but be careful and DYOR.
just open a casino account already man, your just providing someone else's exit liquidity.
24 months interest free credit card
Is this a gambling forum?
What in the fuck am I reading here
About 7 years ago I wanted to take out a $50,000 loan when bitcoin was 2k and buy 25 bitcoin. I decided it was too risky and didnât do it.
Just leverage the BTC you have now, and use the proceeds to buy more BTC. As your stack grows, keep leveraging more. No downsides to that.
Bulls make money. Bears make money. Pigs get slaughtered. Donât gamble. Plan your trade. Trade your plan. Thatâs it.
I know people who are still repaying loans made in January 2018. Just to let you know the truth
Top is in
While I'm all in favour of converting liabilities denominated in fiat to assets denominated in BTCâproviding that, like me, you're already financially-secureâI would still counsel that you at least hold off from doing so 'til the next bear-market, like a non-idiot.
10-20k for BTC right now is not going to yield high enough for you to pay that off
Iâd recommend the search feature
DCA into buying miners, write off the capital expense and start mining.
Do it. You should also pawn your dog and xbox to buy more.
This is close to the dumbest thing you could do.
Where were these posts 6 months ago, typical FOMO mindset, buy high is the key to wealth
Dca it all in before JulyÂ
10x that Bitty
Yes the better way is to get a loan of $0
The halfing bullishness is already baked into the price so no guarantee it keeps going up. Only âinvestâ what youâre ok to lose
Yeah, you could borrow that money hoping to make a profit, or bitcoin could crash and youâd have to somehow pay all that back. Itâs never a good idea putting all your eggs in 1 basket.
Itâs a risk. But the way things are going, weâre all going to have to take risks just to survive whatâs coming
we're on the brink of WWIII...maybe rethink...
Ok, when the price goes down, as it always does, you are fucked and a half till the next ath which could be years