Quote from: Humblevirus on Today at 12:34:04 PM

Quote from: arwin100 on Today at 09:56:08 AM

Actually its not actually a bad idea since how could you fund your business if you didn't take a loan to make it happen? Its just you making all of things work according to what you like to happen. If you scared enough to do this then could you get a result for having that feeling? For sure not. In Bitcoin I think its the same if you could pay back the lender why not? You are not trading it, but rather you are investing it for long term so with that set up I think everything is fine.

It may not be a very bad idea to borrow money to invest in Bitcoin once you are capable of paying back the loan. However, it is not encouraging to borrow money just to invest in Bitcoin, because you will still need to pay back the money, including the interest. Instead of borrowing money, why not buy Bitcoin gradually? Why not continue buying, even with the little amount you may be getting monthly or weekly? This approach will serve DCA method where you acquire Bitcoin at different price levels.

borrowing money to invest in Bitcoin is not good especially when you don't have any easy source to pay back on time. Bitcoin is not a get-rich-quick scheme so if anyone must dive into Bitcoin investment he must first be ready to exercise patience because the market is not all that as volatile as shitcoin which may lead to drastic loss. though there are times when borrowing to invest is encouraged, times when you see a potential dip that will eventually lead to profit in the long run but you don't have the desired amount to seize the opportunity. before considering borrowing as an option, there should be an external source that will generate funds to pay back on time so you don't accumulate interest on your borrowed funds. Beginners can also adopt this strategy to seize the opportunity of buying the dip. Still, an investor with up to 2 years of investing experience, 'll do just fine with his reserved fund and immediately start refilling it to ensure he doesn't get into handicap situations.

unlike Bitcoin, there is no way borrowing to invest in a shitcoin will guarantee you success, even if it does you cannot always run on luck Grin

. i consider shitcoin investment as another form of gambling, which most people do not always like to talk about because they say, the truth is bitter. shitcoin cannot always guarantee you success even with years of experience and research, one can still fall into a scam project that is why bitcoin is exceptional from cryptocurrencies or shit projects, irrespective of the time you start accumulating, there is always a guaranteed profit when you hold for a long duration of time, probably up to a decade.