Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
BRINIRHA
on 16/06/2023, 07:35:40 UTC
Taking a loan to invest in bitcoin? Now that's what I call a recipe for sleepless nights and anxiety-induced hair loss. Who needs financial security when you can have the adrenaline rush of watching your loan balance skyrocket along with bitcoin's price?
Well it's too risky and I personally avoid loans for all high-risk investments. I think that even investing with cold money, we can still feel pressure on our psychology, the market price is red, so I can't imagine how stressful someone who invests with borrowed money must be. I thought he would be anxious all night. unless he really is a person who has a high income who can close the loan to the bank with peace of mind. But if someone has a high income then that person definitely won't take a loan just to invest in bitcoin. because he is definitely able to invest from setting aside money from his own income.