Quote from: hnbdgr on December 17, 2019, 10:51:56 PM

Quote from: JayJuanGee on December 04, 2019, 06:39:11 PM

Quote from: hnbdgr on December 04, 2019, 01:17:44 PM

The current price is looking sooo tempting Shocked

Should I go full in now, or wait for another dip? Or be rational and buy in 2-3-4 portions? Huh

This is the question! Huh

Wait. For sure.

Perhaps wait for sub $3k.

Why would you want to buy now? There has ONLY been less than a 50% correction from the $13,880 local high.

Actually, I am all in in terms of life savings, but not in terms of networth, since I don't have a bank loan and I own my place and a car. Now I am tempted to take a loan from the bank guaranteed only by my state job salary and not by mortgage or anything like this. I've been playing various scenarios because a bank loan is a risky thing. What I've come
to as a solution is to take one loan to buy at the current levels with monthly payments for 10 years equal to 1/6 of my salary. The annual interest is 5%, so at the end is slightly above 25% for the whole period. I can't risk all money at once, since the price can fall to 3K. If this happens I can double the loan. I still have my cold stash which would be 3x-4x bigger than the loan and is an insurance against a theoretical job loss. I suppose the risk is not too big, since my state job is with an ulimited contract. My motive is not some greed for a quick profit, but rather to reach an amount in bitcoins which I had in my mind. I tried to reach it but I failed for various reasons. And most probably I won't reach it, because max 1 year after the halving the price will stay higher than 10K. If you want to encourage me (or not) go ahead, every opinion will be appreciated!

It depends how big is the loan. I for example have 2 credit cards which are almost empty. I pay 100 euro each month with 4-5% interest . The sum I owe is around 6 months salary. I never had any worries even when we fell at 3K which is way below my investment point at $4800. On the contrary, I emptied the cards even more and I dind't think to fill them even above 12K. One of the reasons is that I am afraid someone can steal the sum while shopping (it happened through paypal once). Yesterday I ordered a rare medicine for my eye and I had to enter my credit card number in a not well known website. Luckily they took only the sum that was right and hopefully I will get that medicine. But my insurance is that my card is almost empty anyway. I guess I can live even with a double debt, if the monthly payment is low enough, for a long time. The most important thing is to learn to hodl no matter the circumstances. If you can't, a loan is a NO GO. If you can, then a reasonably small loan is not a bad idea in my opinion.