Post
Topic
Board Speculation
Re: Taking a loan to buy bitcoin
by
Bitmore
on 23/07/2017, 02:14:36 UTC
I'm thinking of getting a loan to buy more bitcoin, as I'm guessing we'll reach $10K in a few months it can be a good deal to lend at a bank against 5% anual rate

Did anyone do this before? Would like some experience advice

A better plan would be "dollar cost averaging" in buying an affordable amount every month,,, and then HODL.

And don't buy what you can't afford to lose.  That is the general rule of speculative investing.