Quote from: Frengki_cisco on Today at 08:57:44 AM

Quote from: Accardo on August 23, 2021, 03:41:34 PM

Bitcoin price is increasing so fast such that some people wish they borrowed and bought bitcoin at 29k some weeks ago

Weird if we borrow money nowadays to invest in Bitcoin, if you say in 2018 or 2019, it makes sense to me with a loan in 1-2 years time, currently borrowing money and buying Bitcoin is the same as killing yourself, there is but if the one who borrows money makes futures trading, it enters my mind.

If you are looking at 2018 to 2019 now, it makes sense to have had borrowed, but there is no way to time exactly when is the right time with any kind of high confidence - nonetheless, anyone who is engaging in borrowing needs to attempt to account for a variety of scenarios that could play out and not necessarily count upon the price of bitcoin going up in order to pay off any loan that is taken out.

Right now, we are around 40% to 45% of a dip from the top, so it is not obvious that the BTC price is going down from here.. but it is also not obvious that the price is going up.

Currently if you get a 2 year loan with something like 6% per year, then what are the odds that the BTC price will be up 12% to 14% from here after 2 years, which would be right around $45k? better than 50% odds? If the odds are better than 50%, then it may well be good idea to get a loan - so long as you are still able to pay back the loan during that time. Each person has to weigh whether that kind of a gamble is worth it... and probably instead of calculating bitcoin at $39k, instead calculating the BTC price needing to be $45k as the break even price for such a two year loan with a 6% per year interest rate.

Quote from: Polkeins on Today at 09:15:52 AM

People have been living in debt for thousands of years, the oldest bank in Italy seems to be about 800 years old.
There is nothing wrong with the loans themselves. It is only important to be able to properly manage money.
In this case, it should be understood that in fact in the crypto you are not trading/ This is gambling. Therefore, the risks must also be calculated like in the casino.

But in general, it seems more logical to buy equipment(GPU maybe) and mining ETH or other coins, at least you can return some money in the future.
If you're newbie in trading and if you're going to trade altcoins, you should know that you can easily lose up to 99 percent of the deposit in a couple of transactions.

Who remembers the substratum knows what is that about.

We are not talking about shitcoins in this thread. Maybe refocus your answer/response in terms of discussion of bitcoin so at least you are talking about the correct underlying asset instead of getting distracted into off-topicness...

Otherwise, your first paragraph in which you assert that proper money management is the key to considering the whole matter... and yeah, hopefully we would not be using a loan to gamble but instead to invest - and sometimes the line between what is investing and what is gambling is not exactly clear and it depends upon the approach of the person getting the loan in terms of how to manage the funds... including how to calculate the risks and to account for both the upside and downside scenarios.. even extreme variations of each.. and at the same time having a plan for any of those scenarios including considering if it would be worth it to get the loan and to take those various risks that go beyond merely investing without such a loan.