Quote from: ginsan on December 16, 2023, 09:54:51 PM

Quote from: JayJuanGee on December 16, 2023, 08:12:58 PM

Many people wrongly believe that they have to start out with big amounts, and so it can take a while to get into a better kind of mindset of adding little by little to an asset that hopefully is mostly moving up, even if it may have up and down moves along the way, and one of the problems with borrowing to invest is getting into the lump sum investment but then becoming somewhat dependent upon the BTC price going up in the short term in order to be able to service the loan. .and ultimately wanting to be able to pay off the total amount at the end of the term with BTC prices being higher than they were at the time that the loan had been taken out... so there could end up being too many preoccupations about the need for short-term BTC price performance.

I actually do not have any problem with adults making decisions to get loans to invest, but it seems that they better have ways to service the loan that are apart from the investment having to perform well during the period of the loan.

Yes, that's quite true sir because many people hesitate with their initial decision because they are hesitant to start with a larger level or with a smaller amount. However, it doesn't matter if they have a lot of money because they can divide it into several categories in their investments, both making purchases at once and doing it sustainably with the allocation of money that they have divided into several categories. So, for beginners, of course they can start with small amounts which they can do regularly using the DCA method.

Their financial balance in investment will make them comfortable in every purchasing period because whether the market is red or rising, they can do it because they have a stock of reserve assets that they have allocated. But if they start with a lump sum purchase and don't have reserve assets to accumulate when the market turns red then they will be stuck with the existing situation.

Starting an investment with huge finance is a wrong move,one of the principle of investment is to start small and grow big ,to be a good Bitcoin investor, you need to start investing and accumulation gradually using your DCA strategy neverminding how small you are buying at that moment because with time, it will grow to become huge . Gradually
saving for long term will not have any financial effect on you and your expenses .
Getting a loan to setup a business or having an investment is totally out of it since the interest rate will keep increasing, instead you save towards your investment or involve in contributions with trusted people so that when it is your turn to collect ,you save theoney and start buying little by little in to your port folio ,what if you are not able to
meet up your speculated time of the loan payment due to one reason or the other or the price of Bitcoin remains stagnant for a long time or the price drops below the amount you bought it what will happen, therefore it is not advicesible to borrow or loan money to invest in Bitcoin .an adage say little drops of water makes a might ocean.