Post
Topic
Board Bitcoin Discussion
Re: Loan to buy Bitcoin?
by
Nhor1011
on 20/10/2020, 11:01:00 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?

If I am in your part I will not do that to make loan and invest in bitcoin, that's too risky. It much better to invest from your own pocket and not from loan. But of course still, it's up to you if you are going to take so much risk in buying bitcoin from your loan. Just be careful and do some studies first on how to invest which you can avoid loses.