Post
Topic
Board Bitcoin Discussion
Re: Loan to buy Bitcoin?
by
JC btc
on 25/10/2019, 17:45:05 UTC
I'm buying ~500$ in Bitcoin every month with part of my salary. I have a stable job and my company is doing good. I'm wondering if it worth to take 20.000$ to buy 2 BTC now and pay the 500$ as loan installment instead of buying sats every month. I believe in the potential of Bitcoin to reach 50k in a couple years, but it wouldn't be possible to buy near half of BTC at the 500$ rate, so this would be something like an "advance". Hypothetically (but still possible in some probability), if BTC collapses and never recover from 8k, I would still be paying this loan for about 3 years but wouldn't starve or something like that, it would just sux for a while, since I still have another source of income. I know it's not the place to ask I will do whatever I think it's best, but if you were in my position, would you do it?

You are acting correctly, but judging by the experience of past years, Bitcoin tends to fall during a bear market. Soon it will be, so wait until Bitcoin reaches 5k per coin. You can buy it over profitable but wait a little
Do you think that Bitcoin can be that amount ? As per what experts saying, Bitcoin can bounce back immediately. Well, we don't know we'll what whales are actually planning, but if the price of Bitcoin will wall into that amount I would definitely buy again even if the money I will us is only from loan amount.