Post
Topic
Board Speculation
Re: Buy every dip!
by
SOKO-DEKE
on 31/03/2025, 15:32:20 UTC

This issue of taking loan to invest in Bitcoin has really been discussed several times and to me i found a fair justification and consideration in most of the discussions which implies that if the demands, terms and conditions of repaying the loan can be handle outside of our Bitcoin investment which should be first determined by our general and personal circumstances and in view of time and seasons for a proper evaluation before taking such decision, if all this has been carried and confirmed to be ok then taken a loan to invest Bitcoin shouldn't be a problem for me, because am already aware of the risk and precautions has been taken prior to time.

This is only good if you are buying Bitcoin when the price is on the floor or experienced correction since you can guarantee that the price will recover immediately to gain profit that can cover you loan interest.


And with that, I will easily conclude that the person is a trader because it is only a trader would think in that manner buying Bitcoin now and selling within a short period to make a profit for certain purposes like to pay back it loan. An investor would hardly think that way.I will never advise any trader to take a loan to trade Bitcoin. However, for any investor who wants to take a loan and invest in Bitcoin, I have no problem with the idea, but they should ensure they have reliable sources of income to repay the loan.Taking a loan to invest in Bitcoin is not the problem, the real concern is the plan for repayment. If someone has a solid plan to repay the loan, they can proceed with investing in Bitcoin, and paying back the loan will not be a major issue,and In that case even their Bitcoin investment will go smoothly.