Post
Topic
Board Economics
Re: Bitcoin Investment: Good Debts vs Bad Debts
by
concept2
on 14/04/2023, 08:01:02 UTC
...
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?
it's time to talk about the OG debate of good debt vs whack debt. Let's get into the deets and discuss what sets them apart. Bad debts are when you're getting some dope furniture or a new ride that doesn't get you any cash or increase in value. Good debts, on the other hand, are like a fine wine, they only get better with time like investing in some sick real estate or some bling-bling precious metals. But, let's get all political and ask the million-dollar question, "Is Bitcoin a good or bad debt?" Some peeps think it's a solid debt because it could go up in value, while others think it's straight-up whack due to the high volatility of the crypto market. Let's keep it 100 and say borrowing cash to buy Bitcoin should only be done after some serious thinking about the possible risks and rewards. But, let's keep it funny and say, "Yo, no stress, my dude, I got your back! If Bitcoin drops, we can always make our own cryptocurrency! Let's call it 'ChatCoin' and make it rain!"