Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
og kush420
on 25/03/2023, 23:51:24 UTC
If one has ever experienced the bad side of taking a loan from the loan shark then they would have understand the more reason it is not advisable to buy bitcoin on loan, investing on bitcoin maybe on a long duration while the loan taken may only last for few months in which when the time to make repayment completes and you're not capable of doing so because no interest has been marginalized yet, this make it part of the reason why it's not good for taking loan to invest.
some people are very good with finances and they keep taking loans and reinvest and earn on their own.
But had that been me - I would not take loan because I once took and regret it even till today