Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
jokers10
on 09/03/2023, 18:16:14 UTC
...
Suppose we borrow money to open a business, which is roughly possible because it will produce money because the money is played back.
...

Difference between investing and making a business is in that the second basing on your efforts: if you are skillful, if you made a good business plan and work hard chances of success are much more based on your competition then on a luck. And when you invest it crypto chances are mainly based on a luck. You can work harder in business to overcome a time of troubles but if it is a long bear market in cryto and you invested in it you have nothing else to do but to wait until better times.