Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
pergola
on 16/03/2023, 11:37:01 UTC
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.

Investing in Bitcoin will provide greater security than other currencies, but any investment is inherently risky. The most important thing is that we find comfort in money and balance our expenses. If you need money to survive then you will have to liquidate your investment.
I don't argue about the future, but my approach is to limit debt. I've been through it and I feel it's enough.