Quote from: redwine49 on Today at 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

It's crazy that you're against the idea of borrowing money to invest but offering advice on futures trading. neither of these options is recommended as the risks are equally, even I would consider trading futures riskier than borrowing money to invest in bitcoin. borrowing money is already bad debt, never called good debt. But getting a loan isn't so bad if you have a good plan, some outside source of income, and you can still repay that loan even if your investment is at risk.