Quote from: SeriouslyGiveaway on Today at 01:33:17 PM

Quote from: Jawhead999 on August 27, 2023, 05:01:35 AM

Assuming the bull season will happen in the next 2 years, if you borrow $30,000 now, you will pay $30,000 + interest rate. Most likely they will use floating interest rate than flat interest rate, so you will pay more especially you borrow for long term.

What if it goes wrong? assuming you will need to pay $35,000 and you lose everything in altcoins, you're use the profit in Bitcoin investment to cover up your mistake.

I just mentioned that I'll borrow 30k USD when BTC surpasses its peak, not right now. Investing in Altcoins at the moment is quite challenging, but when the bull run cycle arrives, most Altcoins tend to experience some degree of growth. Choosing Altcoins won't be too difficult, I believe. Even in the top 10 Altcoins, there are still options. If you're concerned about making the wrong choice, you can consider those top Altcoins, and the risk of losing money is almost negligible, unless unless you get hacked. Grin

If you're really into Altcoins then you should definitely give enough time to research and testing because many times top 10 altcoins also got devalued without any warning. I would encourage you to study the case of Terra Luna because once that coin was also among the top 10 cryptocurrencies but in a week it lost most of its value and many investors have lost a lot of their investment due to Luna crash.

There have been other cases where top 10 altcoins suffered such devaluation and that's why I recommend you to be careful when investing in altcoins even if the chances of success may seem higher in one or two of them but still we can't trust that what will happen with an altcoin. I would encourage you to invest in Bitcoin only if you want to be on the safe side because Bitcoin will most probably get higher in value during the bull run.

If you still want to go with the altcoins then I recommend you to stick with the ones that have been doing great for many years. Some people may recommend you to go with Arbitrum or Polygon (MATIC) but I think those are still new in market and both of them can suffer huge value drops. I'm sure that if you diversify your $30k on ETH, BNB, LTC, Doge, and to some extent XRP, then you'll still be safe from losing your capital. The XRP may not get much higher in value but it's the safest among all of those because it will continue to survive in next bull run.