Post
Topic
Board Economics
Re: Bitcoin Investment: Good Debts vs Bad Debts
by
Mame89
on 17/06/2023, 10:07:44 UTC
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?
Actually, being in debt to invest in bitcoin can be said to be good or bad depending on how you react to it. Because sometimes we have to get out of our comfort zone and take risks to achieve things we believe by going into debt we can overcome problems and have good prospects for changing our finances in the future. Because there are situations where borrowing money can be beneficial and even necessary. For example, investing in bitcoin at low prices and you think this is the right moment. In cases like this, loans can be things that help us achieve our goals and provide opportunities to improve our financial condition later.

However, we still have to carry out a careful evaluation when making decisions and of course based on your own circumstances and needs. because every time we owe it means we have to pay back the amount borrowed, usually with additional interest. This can cause a serious financial burden if you can't manage it properly and correctly.

So before borrowing money, it would be nice for us to carefully consider making the right decision based on your needs and what you can afford to pay on time. One more thing, borrow money according to our income, don't exceed your income, especially without any income at all, this is not very good for making loans.