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Another scenario is not to take loans in order to buy Bitcoin. You have to return loans by selling Bitcoin and you never know the price of Bitcoin in immediate short term.
Good debts have a good advantage and can be helpful as far as it is what we can afford to pay effortlessly.
Well we all no that good debt has it own repercussion just as you have said it all Good debt has a very good advantage this loan can be beneficiary insurance it can help in wealth improvement and help improve financial stability and i have learned about this loans it is more affordable amd manageable within your financial budget.
Well if this is been used in the accumulation of bitcoin will it be a bad idea? first of all loan is not allowed to accumulate bitcoin using loan to accumulate make its feel like the wrong part of losing, that why most people don't borrow what they can afford to pay.
Because what is called a loan, especially borrowing from a bank, there must be something called installments every month. So if for example the borrowed money is invested in bitcoin, then what about the installments that must be paid every month. Because installments must have become an obligation that must be paid every month. Because if not, the goods used as collateral will definitely be confiscated by the bank. Therefore, maybe paying by selling bitcoin is the only way. That is why investing in bitcoin using borrowed money is a path that we all really have to avoid. Because I can assure you that our long-term investment flow in bitcoin will not run smoothly. Especially if you don't have a regular income every month, I think it will turn into a very big difficulty. So I personally have really emphasized that investing in bitcoin must use discretionary money and other than discretionary, I don't think there are any other funds that are suitable to invest in bitcoin. So whether it's an emergency fund or borrowed money, both are funds that are not right if invested in bitcoin.
I think there is nothing wrong in taking lone to buy bitcoin as long as you can be able to pay back the borrowed money before the agreed date ,it will only be a wrong idea to loan money to buy bitcoin when you know you can't be able to pay back the money within the stipulated time.Also it depends on the kind of loans that is the nature of the loan.. investors can borrow money to buy bitcoin morespecially during bitcoin dips.lets take for example an investor who has been buying bitcoin using the dca strategies and also desired to buy a particular dips which it occurs.if it happened that the price dips before his monthly salary could be paid i see nothing wrong if he decide to take loan and buy the dips and pay back at the end of the month after receiving his salary.