Quote from: Cryptmuster on October 22, 2023, 08:25:46 AM

Quote from: alastantiger on March 30, 2023, 09:10:42 AM

Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?

I would classify this debt as too risky, because in the case of Bitcoin it is difficult to calculate exactly the time when we will be able to profit from our investment. A bear market can be very long and all this time we will need to repay the loan, and if you find yourself in such a protracted period, then such an investment will not bring you anything, in addition, and you will owe even more than you borrowed.

Yes ,you are right . For Bitcoin debt is very dangerous for person who is employee or self employee. It will be financial burden on one's family because when it's price will go down , one's family will suffer . So if you have your own money , invest in Bitcoin otherwise it will kill you with your family . Because debty person has no choice , people will take money if he took money from people and if he took money from Bank ,Bank will also give burden on his head. He can suicide. Liquid will help in Bitcoin investment and you would have no burden on your head. You should invest in Bitcoin if you have some extra money and you want to invest your money and you want to double , triple and multiple your investment .There is no investment tip like Bitcoin.