Quote from: Odohu on Today at 03:47:56 PM

Quote from: arwin100 on Today at 11:57:01 AM

Quote from: Samlucky O on Today at 01:56:33 AM

Though I may not be this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For example during the earliest part of the week when bitcoin was dip by % -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.

I don't really take taking a loan is good action to do by people especially if they are looking after to get possible profits in trading or even in their bitcoin investment. Since its like you are giving to much pressure to yourself and drowning for those possible interest asked by the lenders. Imagine if they didn't meet their expectation and suddenly they lose from whatever activities they done for sure next to that is they will be in miserable situation especially if they came to the point that they can't pay their borrowed amount anymore. So take always proper precaution on doing risky decisions on your investment and just use the money which is already in your possession so that there will be no other issues will bother to people who want to invest with bitcoin and they could just focus on how to grow their investment and think other think on how they can maximize or improve their strategy used to make everything goes according to their plans..

For me taking a lone for investment in asset like Bitcoin is inviting trouble to oneself that will end up turning the investor into a trader thereby exposing the investment to undue pressures and potential loss. Investment in BItcoin is vest if allowed a period of 4 to 10 years; I doubt there is any lender that will offer this kind of loan and even if they do, the interest will be outrageous.

What will most likely be the result of taking a loan to invest I Bitcoin is selling under pressure at a loss because the loan will require to be serviced serviced which is paying back the interest on the loan to be able to still owe the capital. This is not a good decision and should be avoided.

Bitcoin investment requires that the investor should have worked out his finances in such a way that he will be able to meet his needs while holding for as long as it is necessary probably within the minimum duration.

It depends on the kind of loan and who is giving out the loan to you. If you have a good job that pays you every month, then it wouldn't be a bad idea to take a loan from your bank that the government uses to pay you or if it is a private company it is not bad to take a loan from the company to invest in bitcoin and hodli for long so that the money will be deducted from your salary every month overtime till when you finish paying the loan while you bitcoin investment is growing.

In my country those that have good jobs and don't have the money to live life the way they want and they don't want to take their time saving to achieve what they want do take loans from banks or from their companies to buy their heart desires. For instance, someone that is working for the government will take a loan from his bank to buy a car and start paying back gradually. Also private companies have car loans and house loans for their workers to enable them live a comfortable life even when they don't have the bulk money to buy a car. When paying back, the amount that will be deducted from their salaries will not have a significant effect on their pay.

If people can take loans to buy cars, if you are opportune to be have such job, you can take loan to invest in bitcoin for the future and pay back bit by bit, but you have achieved the goal of buying your bitcoin now instead of the latter since you will get your loan in bulk.