Post
Topic
Board Trading Discussion
Re: Should I Get a Loan?
by
wmaurik
on 14/03/2025, 19:42:09 UTC
It looks like he's a newbie that does understand how the market really works. He could make the mistake of buying Bitcoin when the price is high and suddenly the price of Bitcoin continues going dip. We don't have know what the market has for us untill we see result.
I don't really like the idea of borrowing money to invest in Bitcoin. This is never a good idea and I think op need to rest and continue working, saving to buy Bitcoin. I can only advise for an investor to get a loan and invest in Bitcoin when the price is really down not now that Bitcoin is at 82k plus and we dont know if the price is going to dip more or go bull.
When a newbie buys Bitcoin and then it drops, of course it will make them panic and it is not uncommon for some people to panic and sell in such a situation until they have to bear losses and of course this should be a lesson for them that in investing, knowledge and in-depth research are needed before deciding to invest so that when they make an investment they can make a profit from the investment.
Taking out a loan to invest is not the right decision and it would be better for them to save first to be able to make a purchase when they are ready to invest and in investing in Bitcoin it would be better for us to survive in the long term to generate profits so it is very important that the funds they will use will not be needed in the near future.