Quote from: Asiska02 on Today at 05:47:19 PM

Quote from: Ojima-ojo on Today at 04:02:55 PM

Quote from: Asiska02 on March 08, 2024, 09:26:54 PM

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Thank you for this suggestion to borrow the with Bitcoin to avoid losing the value of the amount borrowed, but then we have to think about it two ways which is if the value of the Bitcoin decreases from the Dollar value at the moment, let's say Bitcoin correct back to 30k at the time he wants to return the Bitcoin, at that point, although the volume of bits paid back will be same but what of the DCA value.

That won’t affect your DCA value since all the total amount of bitcoin in your portfolio will also reduce in value of bitcoin corrected back to that 30K. The purpose is not to get a reduction in the total amount of bitcoin you’ve accumulated overtime because it’ll be painful to collect back a lesser quantity of bitcoin if the price have gone up at the time he’s paying back. Collecting bitcoin as payment back will not annul your aim of DCAing but will make you achieve it as you e projected it earlier before starting the investment.

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I have already loaned the guy some amount in my local currency but under the agreement that he pays back with interest, and at stipulated time frames, that way if he defaults from the timing, the interest will help to protect my capital loan amount that is in his hand.

This is also a good one but where this will affect you is when he returns back the money and the value of bitcoin you’ve borrowed him at the time of conversion cannot get you the same amount of bitcoin with the money he is paying back including the interest he’s going to hard. The market has been on an uptrend and if you look at it closely, it might be up very soon again and will make you not to gain the same value of bitcoin at the time you want to buy again. That was why I suggested you borrow him the money in bitcoin and he should pay back in bitcoin too.

That's a nice suggestion, i think with this you're going to gain a lot of interest from the money you borrowed him,let me say for example you loan him 2bitcoins at early part of last year when bitcoin has not increase to this level, probably he is to pay back the loan this Year, considering the value of bitcoin now, what did you think? However I think you would have even gotten ×2 of that money you loan him even with interest.