If we have the belief that bitcoin will continue to survive and shine in the long term then we must have the courage to invest and be patient, holding it for at least 10 years is the most important key to success, I once invested $200 worth of bitcoin in early 2016 then got a profit of more than 200% because in 2016 there was a halving day.
We must have the right information before we begin investing in Bitcoin for this reason.Knowing a lot about Bitcoin can help someone feel more confident about it. Due to a lack of in-depth knowledge of Bitcoin, many people sell off their investments along the route despite having stated that they would keep onto it for a long time.Therefore, in order to invest in Bitcoin properly and achieve large returns, you must be aware of certain factors and have faith in it.
You can also borrow money to invest but make sure that you will repay the loan even if your investment fails, and for that, you need a steady income job. I am not too strict with borrowing money for investment or business because sometimes the opportunity will slip away, and it will not wait for us if we do not catch it. But we should calculate and come up with the worst case scenario we will face, if we can handle that worst case scenario, then getting a loan won't be a problem.
Many people are wary of borrowing money to invest in Bitcoin because of the risk involved. The Bitcoin is volatile, anything can happen to price, and you never know what will actually happen.so the price of Bitcoin price may fall at the exact moment you need it pay back the loan, making it difficult for you to repay the loan because you don't have another source to pay back and you may end selling it at lost. However, if you have other sources of income, taking out a loan to invest in Bitcoin is not a bad idea because the worst happen, you will be able to repay your debt. However, it is not recommended to invest more money than you can afford to lose.