Quote from: redwine49 on June 07, 2023, 11:23:34 AM

Quote from: alastantiger on March 30, 2023, 09:10:42 AM

There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.

Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.

They say poor people have bad debts and rich people have good debts.

One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.

Despite the volatility, our hope is that Bitcoin will appreciate in value.

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

borrowing money? i don't think i recommend this.
instead you borrow money for xxx days the good way is you should play futures trading which you can buy or sell more bitcoin/altcoin without having them 100%.
And you can take 10x to 100x from your margin

Futures trading is more risky than what OP suggested and I would never recommend anyone to go with futures trading.

Don't take a loan unless you have that money in bank account that's how the rich people utilise the loan to make more money. For example a million dollar worth of real estate property can generate 10 ir 20K monthly in revenue and the millionaire already have that money in their bank account but they won't pay it whole and buy, they will take a loan to buy that property and will pay the mortgage from the revenue coming from property so in few years the assets will be their own but they bought without anything.