Post
Topic
Board Trading Discussion
Re: How weird is it to borrow money and invest into Bitcoin?
by
LimLims
on 24/08/2021, 14:43:40 UTC

I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin.

If you have an idea about Bitcoin, you would never think so. You look at the value of Bitcoin a few years ago and now.Not long ago, Bitcoin was $ 60k, which dropped to $ 29k. Now it is $ 50k again.I mean BTC is one of the best tokens on the market. You can buy it without any worries.


Your topic is not for this thread. move the topic according to the thread

Yes well explanation for the OP.
If OP doesn’t have any idea on BTC or how it works , when the price rises and falls, then it’s better not to invest in the coin.
At first understand the market first and invest little amount.
If you feel confident and earn some profits then think of investing big amount.
And if you taking loan then provide enough collateral to make the lender risk free.
Wish you all the best OP with your trade.