Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: What is the single worst piece of advice you ever received relative to Bitcoin?
by
Shasha80
on 11/12/2021, 19:52:20 UTC
⭐ Merited by vapourminer (2)
I often read lists of tips and other best practices in the Bitcoin world, but i thought it would be interesting to share the worst Bitcoin advice you may have received throughout your adventure in this incredible monetary revolution.

Probably the worst piece of advice I've ever heard is to use bank loan money to invest in Bitcoin. Even though I have a steady income from my job,
it is still very risky to use borrowed money to buy Bitcoin. We sometimes have to think about the worst that will happen if we insist on using
borrowed money to invest in Bitcoin. What if we suddenly lose our jobs and the price of Bitcoin drops, we will find it difficult to pay our debt
installments. Always invest money that we can afford to lose, that's what we should do. So buy Bitcoin according to our respective financial
capabilities, it's much better than forcing ourselves to borrow money to be able to invest in large amounts.