Quote from: bribed on November 29, 2017, 12:46:13 PM

Quote from: joypark333 on November 26, 2017, 07:16:34 AM

I am considering taking a loan to buy btc and eth, is it a good idea? Because btc and eth always go up in long term. They never die. There seems to be a great chance of getting huge profit instead of losing money. A few years ago somebody in this forum asked others the same question and everyone told him not to do that, look at the price now. If that guy did, he would have been rich now. Nowadays the situation is not different, the price will continue to go up. I think people who invest more will earn more profit eventually. What do you think?

I would highly recommend not to do this! BTC and ETH are likely to grow, but nobody can know what is coming in 2018 and maybe they will crash and we all loose out. Crypto, also BTC and ETH, is still like gambling. The most important rule therefore is: only invest what you are willing to loose. If you take a loan and find yourself suddenly in a bear market and your investment halved, you could have made the biggest mistake of your life. Dont do that, its too risky.

I think that I share the same opinion,although everything seems to indicate that the price will continue to rise as it has done so far it is extremely risky to invest through a loan,something can go wrong such as a change in prices to the contrary and you know that loans are in most cases with an interest rate so if something goes wrong you will not have a way to deal with such a payment commitment and the debt will become even bigger,however,everyone must use their own criteria and take their own decisions.