Post
Topic
Board Speculation
Re: Taking a loan to buy bitcoin
by
ekoice
on 26/07/2017, 07:12:54 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
If you have your own money,then there would be no problem in buying bitcoins expecting high prices.Even if it don't rise,there would be no problem.But if you are going to buy bitcoins with a loan,then its not a good idea.Thats highly risky.So just avoid taking loans.