Quote from: pergola on March 15, 2023, 04:21:44 PM

How can you be sure Bitcoin will go up in the next short time? Bitcoin could fall further. The profit brought from Bitcoin through Spot transactions may not be large but it is still safe. Borrowing money for investment looks risky and consider the risks in security and transactions carefully. Stay away from futures trading when you don't understand it.
Remember that interest rates at this time are at a high level, so it's best to use your savings to make such an investment, it will be much safer.

I think if we can keep investing in Bitcoin we never have to suffer loss. I think now is the right time to invest in Bitcoin. Because Bitcoin has been going through a lot of dumping for some time now. But a few days ago, the price of Bitcoin was high, but I think that if we invest in Bitcoin, we will have a chance to make a profit in a very short time. Therefore, I think it is very important for me to invest in Bitcoin instead of investing in any other coin.

Quote from: KaliLinux on March 15, 2023, 08:48:53 PM

Quote from: Phyna4 on January 22, 2023, 12:40:00 PM

"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?

I really wouldn't take a loan because I don't do loans however just thinking about it, If I had wanted to take a loan then it would be that I know that the market is in a bull run and that everything from that point will most likely to be going up that way, my investment would be able to payout the loan in the shortest possible time.

I think it is not right to invest with loan. I think it would be better if we can invest our own money. After investing with loan, if the time of loan repayment is right, if our investment means a lot of loss, then we have a lot of pressure. So I think it would be better for us if we could invest our own money instead of taking loans.