Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Taskford
on 08/01/2025, 13:23:41 UTC
In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.
I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

I'm only against for taking loan if this its used for nonsense matter.

But if for investment with Bitcoin especially if your intention is long term and just want to have some funds to accumulate since your expected funds didn't came in, then I don't see any problem for doing it.

This is I think a good decision since somehow you can earn profits from money you borrowed. Although I understand the sentiments of people that we might paid some interest of the loan we take. But for sure the profit we can possible get from that is more bigger than what we take especially if Bitcoin will hit new all time high in future.