Quote from: Zackz5000 on June 18, 2024, 10:38:24 PM

Quote from: Pi-network314159 on June 18, 2024, 10:14:02 PM

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic

you sounded pretty much like I said so. though we might be saying almost thesame thing but I never included "expecting bitcoin to pay you off before the expected date" what I said is that "Loan may be bad if not properly used. but may be good when used properly" and I further said that the good side include taking loan to settle emergency when you are out of emergency fund. and I mean what I said because most times people may be short of emergency fund expecially after they may have used their reserved fund to recently invest in bitcoin and will be left with a little or lesser amount and emergency happens beyond the amount kept for it. definitely such person would need a loan to sort out things which may be paid later after they may have received monthly payment. my advice emphasis on not taken loan to settle a serious emergency and taken another loan to settle loan the first loan, instead the person should use his salary. while I said this is that most people may use the sake of not tampering their bitcoin or selling their bitcoin, they may take another loan somewhere to pay off the outstanding one which could have been settled with their salary. and this may complicate the whole issue. though I may not have explained to this extent but that was exactly what I meant. you know sometimes the way people reply a comment may change the intended explanation and it becomes misleeding to such person and that is what you have just done right now. checking the rest part of your comments which was edited out is off key of what am saying.

Quote from: red4slash on June 19, 2024, 08:52:35 AM

Quote from: Pi-network314159 on June 18, 2024, 10:14:02 PM

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

There is no urgent situation in investment so in this case i don't really agree with borrowing for the reason of "urgency" considering that in this case the investment made is not a force that must be made but is indeed a situation where we are ready to make an investment without having to interfere. In our economy,there is no such thing as forcing oneself, let alone going into debt. so its clear that there is a little question about how to invest and manage your money when you are in debt and under pressure when investing.

well I may not be able to reply all you have said, but let me summarise by saying that we can not deny the fact that taken loan is good. no matter how loan may appear or mean to you, it is still important in some cases expecially when used properly. if you read my reply above, which I replied Zack you will understand why loan is important in bitcoin investment. when I talk about taken loan I did intend saying that we should take loan to invest in bitcoin or whatsoever, I mean taken loan to sort out some emergency or urgency issues as you may call it, am surprised that you could say that there is no need to take loan for "urgency" in investment. because no matter how smart and economical we might tend to be there is always that urgency that we require loan, it may be that you haven't experienced it but that doesn't mean that others didn't so you can't use your situation to judge for others. just know that once in a while there is that urgency pops up, but not always.

Quote from: Bravut on June 19, 2024, 09:29:16 AM

Quote from: Zackz5000 on June 18, 2024, 10:38:24 PM

Quote from: Pi-network314159 on June 18, 2024, 10:14:02 PM

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

I buy your idea @Zackz5000. Before an investor thinks of obtaining loan just to invest in Bitcoin, such investor must have a bearing of which he can pay back in due time and not expecting to pay back through ROI on Bitcoin which I believe is unhealthy and bad idea, because some times the Bitcoin might not move as expected of which we must always be open to uncertainties that might occur. The loan can be obtained on the ground of speeding up the accumulation process, as well we should also understand the need that such loan is business oriented.

I think most times people have alot of problem reading, otherwise they wouldn't have been duplicating and changing the intended meaning of what was explained initially. you can go through the comments I replied @red4slash @zackz5000. am done explaining.