Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH
It is very risky to invest in cryptocurrency that are borrowed. I would not advise anyone to do this. Price movements in the cryptocurrency market are very unpredictable. You indicated that the price of bitcoin will rise to $ 120,000. Are you sure that by the time the loan can be repaid, the price of bitcoin will rise to such values? Nobody can give such confidence. But you will have to pay more interest every month for using the loan.
Many were confident that by the end of this year, the price of bitcoin will be at least one hundred thousand dollars. If someone took out a loan with such confidence, then he suffered big losses.
Being optimistic isnt bad but you should really think on how you gonna repay those interest on month to month basis or depending on the contract or terms because if you dont have any source and just relying on this one then this kind of decision would be suicide.
You are really putting yourself in so much trouble because loan money and investing it on cryptocurrency market is something wont give out assurance.
Come to think even with traditional physical business wont really give out guarantees to be profitable.How much more into this speculative market?
I believe investing at this moment is definitely a perfect timing but not with a borrowed money. It will only put yourself into trouble in the coming days. Although its a given fact that you will reap your profits in the future once you have reached your goal price but the question is when will it happen? Investing in crypto is a very risky decision because there is no guarantees that you won't lose in the process. So if you want to enter into crypto, invest in your own personal money that will not be used to pay your bills, otherwise you'll still be in trouble after that.