Post
Topic
Board Bitcoin Discussion
Re: Today is the story of my investment in Bitcoin
by
NicNacCoin
on 26/12/2022, 22:55:53 UTC
I decided yesterday morning that I would buy 1 bitcoin from this dip market. But I did not have enough money.  With which I can buy 1 bitcoin. I had an Fixt Deposit of $ 6,000 in the central bank. And the bank would paying interest at the rate of 5.5% APR. I broke it down yesterday and decided to buy Bitcoin with that money. But with this money I will not be able to buy 1 bitcoin.  On the other hand, my dream and desire is to buy 1 bitcoin. I then decided to take a loan and applied to the bank for a loan. But I told the bank that I would use this money for business. The bank agreed to give me a loan of $10,000 at 10% APR interest. I take advantage of that opportunity and take out a loan. And the remaining $ 4,000 I borrowed from my uncle and promised to pay him 8% APR interest, which is more then bank interest. Finally i bought just now 1 BTC price at $20,000. It gives me a different feeling That feeling I have never had before. I think if I hold this bitcoin for 2 years I can get 100% -500% profit. Then I will be able to easily repay my debtors with an average interest of 18-19% in 2 years as an average of 9.something% APR and I will be able to keep a huge profit.
What you have done is a risky thing to do. It was not a matter of you having to buy a single bitcoin. If you could buy bitcoins little by little with your own money over time, that investment would be a good investment. At present you are in a lot of loss from your investment. How long will it take for the market to recover in your position, but you are not even able to analyze it. Right now you have to pay weekly or monthly installments to your bank. So you are in for a tough time right now. Anyway hold on to your investment. And look forward to Bitcoin Halving.