Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
Renampun
on 05/06/2023, 13:42:03 UTC
...

Well there is one way where you can take loan to invest in bitcoins but for that they need to be meet certain conditions. First you should take loan at a time when the bitcoin prices are very low so that when the bitcoin prices rises you can get maximum profit from that investment.

Secondly and more importantly you need to have money that you can return periodically to the person to whom you have taken the loan. Obviously the amount which you invested in bitcoin you would not like to cash out at time when the bitcoin prices are lower or your set target is not met.

it is indeed quite risky to take a loan to invest in Bitcoin, especially if we take a loan from a bank where it has high interest and accumulates. if it is true that the investment we made in Bitcoin using the borrowed money is successful, it will be able to give us a high profit. but if it's the other way around, you can imagine how we have to bear the debt + loss, plus the accumulated interest if we only pay the minimum payment.

therefore the best way to be able to invest in bitcoin is with money that we are willing to lose. even if the value of our investment decreases, at least it doesn't give us debt, because we use our own money. investments like this are safer and of course our sleep will be better because we are not disturbed by debt.