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.Guy, it makes no sense in taking a loan to invest in Bitcoin when you don't have money to invest, it's best you wait still you have money available that you can do away with in a very long time.
Have you forgotten that loan comes with a stipulated time you must pay back?
That's an unnecessary pressure you are putting yourself into, let's not forget Bitcoin is an asset that appreciate in value overtime, so you need a whole lot of time before your investment start yielding fruits, so it would be unwise to invest in Bitcoin with a loaned money, I haven't even talked about the interest that would be added to the money borrowed, but if you borrowed it to expand and existing business, it would be much more better because you are very certain of what might play out in your business in a certain timeframe not Bitcoin that you are required to hold for a very long period of time for you to start reaping the full dividend of your investment.
So what am trying to say is that if you borrowed money to expand or maintain an already existing business, it's quite ok, but to borrow money to start up a business or to invest in Bitcoin is not proper to me because in the case of Bitcoin, it's not a must that you must add to your stash if you don't have fund, you only investment when you have money you can do away without for a very long time, so putting yourself under such pressure is not proper.
Nope I stand on what I believe especially if the loan money is used to on investment that can possibly give you some good income. Since waiting for your money to come is like you are waiting for Bitcoin market to dump. There are situation that its good to accumulate Bitcoin that's why I don't close this possibilities to borrow money then use it to buy Bitcoin.
Its never unwise to loan money for long term investment. What's really wrong out there if you don't know what to do with your borrowed money and use it to buy shitcoins.
Successful people borrowed money to maximize their time and resources, so there's nothing wrong to follow those tracks to possibly yield good result in future.