Quote from: Mame89 on Today at 10:07:44 AM

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.

Debt won't last forever either, it can be good and can help someone's finances in the hope of getting a profit through their investment. Because no one will know how market conditions will go in front of them later and the certainty of getting profits is always uncertain through investment even if it's in a fairly good asset. Debt is only more suitable for those who have run their business permanently and still want to open their business branches in other places more broadly so they have to take out loans or owe other people to be able to open more businesses.

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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.

Those who owe it clearly have to pay it at a predetermined time, although there are also people who are indeed late paying it after being in debt. Whether it was intentional or not, what is clear is that he has to pay it to the party that has given him the debt even without interest. But what is more commonly found in the environment of life is that there is interest on everyone who owes it, but if you have ever owed someone with no interest applied to your debt, it means you are really lucky.

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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.

That is why in my comment above I said that debt is more suitable for those who have opened a business with a very well-established income, of course. So they won't be wrong if they want to incur debt to someone to expand their business in several places because they can pay it through the income from their first business. Whereas those who invest with debt capital will definitely find it very difficult to pay it if there is no income from other sectors in their lives so they are absolutely not suitable for making debt in any form.