Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
BobK71
on 28/05/2023, 11:39:52 UTC
you can do that but it won't make you rich quick, instead you will feel pressured by the bills from your loan every month. you have to be absolutely sure that you are not going to make a big deal out of it or you are in debt just to get rich immediately with bitcoin investment. that is a big mistake. I'm sure there are many successful ways to relax without having to sacrifice a lot of emotions and that will make us successful in the future. try to invest with free money.
This can lead to even more fatal losses for those who want to invest in Bitcoin hoping to get rich quick. Bitcoin is such a reliable asset that it would be difficult to appreciate its value without holding it long-term. And when a person takes a loan from the bank and invests there, it may happen that the price of Bitcoin will decrease and on the other hand, the pressure of paying his bank loan will add. So without making such mistakes in investing in bitcoins you should invest money there which will not be a problem if you invest for long term. Moreover one can invest monthly basis according to his ability.