Quote from: SOKO-DEKE on Today at 03:32:20 PM

Quote from: Beparanf on Today at 12:28:01 PM

Quote from: Tmoonz on Today at 12:06:28 PM

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.

I totally agree with you. It is simply trading not investment. Any action that requires taking a loan to buy Bitcoin with the aim of paying it when the price goes up can only work if there is a perfect timing in the market price. But the sad truth is no one can perfectly time the market consistent and timing the market is for traders not for investors. Even swing traders don't get to correctly get the right timing at times to tell you how difficult it can be when someone tries to time the market. It looks to me that people are still getting things all mixed up when they think they re investing. One reality is bitcoin don't always recover immediately after a dip. Sometimes it will take months to even recover after consolidating for that period of time. If cautiously or out of desperateness an investor takes a loan to buy Bitcoin at this period the interest will keep accumulating, and they might end up gaining at all at times they end up paying with the same bitcoin they used the loan to buy. There is only one way to avoid all of this which is by just doing DCA with their little discretionary income. No matter how little it is it can go a long way after years of accumulating. With DCA they don't need to take loan they only need to accumulate gradually and when they have extra discretionary it could be a tip from work, or gift by loved ones and friends anyhow the discretionary income came. They can invest that amount into Bitcoin by buying the dip while they still accumulate through DCA continuously.

Buying every dip doesn't mean we should take any action to buy the dip. We should buy the dip when we are comfortable to buy it not when we don't have any extra income but we go any mile to take loan, or do wrong things to get the income to buy the dip.