Post
Topic
Board Bitcoin Discussion
Re: would u open a loan to buy the dip?
by
UmerIdrees
on 20/01/2019, 17:41:57 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.
No, under no circumstances will I get involved with loans. I know well what it is and I know how many people broke their lives because of these loans. Cryptocurrency is very unpredictable, so it is not the area where it is permissible to invest credit funds. Cryptocurrency should work only free funds. If they are absent, it is better to participate in the campaigns of bounty ICO during this period.



Bitcoin is too much risky investment and to go with the loan to invest and gain profit is definitely not recomended in any case.

No. I do not see myself taking a loan to buy the dip in cryptocurrency nor will I advise anyone to do same because the cryptocurrency market is highly unstable and as such one coul loose the money invested within seconds of investing.
So to be on the safe side, it's advisable that one uses his money and always invest what you can afford to loose.

Even if bitcoin falls below 3000$ and the signs are very clear that it will jump back high, i will not take any loan to get in it. That's my point of view of course.