Quote from: Supreemo on Today at 12:01:26 PM

Quote from: smartaction on June 29, 2022, 11:07:41 AM

I decided yesterday morning that I would buy 1 bitcoin from this dip market. But I did not have enough money. With which I can buy 1 bitcoin. I had an Fixt Deposit of $ 6,000 in the central bank. And the bank would paying interest at the rate of 5.5% APR. I broke it down yesterday and decided to buy Bitcoin with that money. But with this money I will not be able to buy 1 bitcoin. On the other hand, my dream and desire is to buy 1 bitcoin. I then decided to take a loan and applied to the bank for a loan. But I told the bank that I would use this money for business. The bank agreed to give me a loan of $10,000 at 10% APR interest. I take advantage of that opportunity and take out a loan. And the remaining $ 4,000 I borrowed from my uncle and promised to pay him 8% APR interest, which is more then bank interest. Finally i bought just now 1 BTC price at $20,000. It gives me a different feeling That feeling I have never had before. I think if I hold this bitcoin for 2 years I can get 100% -500% profit. Then I will be able to easily repay my debtors with an average interest of 18-19% in 2 years as an average of 9.something% APR and I will be able to keep a huge profit.

literally for me i don't really recommend taking a loan from the bank and make an investment if you're not sure it can be profitable or a loss you should always think not just once but twice if it's worth given a shot. risky is always there in making investment since it has ups and downs so you better think first, you can buy a little or if you have extra money then but you should invest what you can afford to lose.

But again OP has already purchased it and we don't have a choice, for sure he has a hard time in the past months but right now he already seen green from his investment unless he ain't sold it in the past months. What I've suggest is that continue holding more a year or 2 after the halving to see the result. Also I've just got a question in my mind to OP is he still paying the loan? or he already paid it off?