Quote from: Lubang Bawah on May 07, 2023, 01:40:42 PM

Borrowing money for bitcoin investment is of course a good thing, this is because of the potential for prices to continue to rise in the future, if there are banks that provide easy loans then we have to try it, I'm sure in 5 or 10 years the price of bitcoin can reach $ 1 million so bitcoin will be the most valuable asset.

Your mind is still like a child who only remembers the good things but doesn't want to know how bitter it is to struggle to make money. I don't know how the banking system in other countries is in terms of providing loans, but for the bank system in the country where I live now, the bank will not provide any loans as long as the borrower does not have a clear business with regular monthly income. And besides, the bank where I live also does not immediately believe in the level of income from investments that are still at risk of loss, even though they may already know Bitcoin.

Quote from: Moeda on May 07, 2023, 06:06:32 PM

But the bank does not wait 5 to 10 years to collect the loan. They will come from the first month to ask for monthly bills. If the financial conditions are empty, of course we will sell Bitcoin assets. If the market is down, and we are forced to sell it, that's when we experience a loss. Don't think which is easier, think which is more difficult to be able to get easier results.

I even laughed inside at what he thought Cheesy

, and maybe he also never made any loan through a bank so he could easily suggest something like that to other people. Even though every loan at the bank has rules that bind each borrower to pay it monthly, not annually as he said. But somehow he thinks like that now, which is very illogical and really funny to me because he completely forgets about the risks of investing and only thinks about the benefits.