Post
Topic
Board Bitcoin Discussion
Re: would u open a loan to buy the dip?
by
deisik
on 15/01/2019, 14:05:36 UTC
would you open a loan to buy the dip? and when it dips again you would open up another loan to buy the dip. and lets say repeat the process. probably no one is doing this. because being in debt is a bad thing. just depends on far u would invest into bitcoin or even crypto currency. sad it has to dip in the first place.
Thats the most desperate thing a cryptonians can do.having a loan just to risk for a market  that can assure you no time of profit?i will definitely not do this for assuming,never forget that the volatility of cryptocurrency is indeed,and we can never tell untill things happen either to grow or to dip so stop this thinking and just buy what you can afford to lose

if you are trully a crypto addict you will do silly things such as making a loan and then buy btc whether its in a dip or not . its not bad because you can expect a return and its much better than risking the money in gambling  .  i know some people will make loan or sell important stuff just to play a gambling  . i guess thats more inapropriate that investing in crypto right ?  but overall loaning isnt bad as long  as you can repay it on the exact date of agreement

I don't think it is justified to call that "not bad"

At most, you could have said that it is not as bad as taking a loan and then gambling that money away. Just because you can earn something and your chances appear to be higher than if you decided to gamble instead, it doesn't make it good (as the opposite of bad). It is just a bad idea on its own "merits" without further reservations and explanations. If you ever consider doing something like that, you should seriously reconsider your trading, and more generally, life decisions. Taking a loan is a poor man's approach to solving life circumstances, a last-ditch effort of sorts