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Quote from: Becassine on April 11, 2025, 10:45:58 PM
I remember this thread in 2017 in the French part.

https://bitcointalk.org/index.php?topic=2425439.0

At the time OP wanted to borrow to buy BTC. As we know today, he would have made a great deal (plus, a rare thing at the time, his banker was OK to lend him the money).

Yet almost everyone advised him against it. Why was that?

It seems to me that all investments involve risk. What makes borrowing to invest in BTC any more risky than investing in a start-up, opening a business or buying a house (which may be full of defects, for example)? If the person's financial situation is stable and the banker, after studying the file in depth, is OK, I don't see why you can't borrow money to buy BTC. In fact, this is what some large companies do.

I like this question so you now have 1000 merits as I gave you 14.

here you are: a new legend:
https://bitcointalk.org/index.php?topic=5251894.new#new







Taking loans for risky shit is fine if you know you can pay the loan off.

Taking loans for risky shit when you know the risky shit has to hit is a terrible idea.


It really is not more complicated then this.

And to illustrate taking a 5000 dollar loan to buy Doge at 0.002 usd would have yielded  2,500,000 doge

which then went as high as 0.70 usd or 1,750,000 usd in under a year

this is off a bit but doge was 0.002339 on April 29 2020 and on May 15 2021 it was 0.559

which is 238x to 1 so 5k would be 1,192,400 in only 13 months


but lets take BTC and do bad timing you buy top in April 2021 68k. it is now 84k

a loan at 15% would mean about 60% over 4 years so the 68k cost you about 102k so you would have needed to sell when btc got to 109k

A terrible move for you.
I realize you may have paid the loan down fast with earnings so I dropped the interest a bit for 60% to 50%.

But you can see the math would be terrible for you. If you grabbed BTC in April 2021 on a loan
Original archived Re: Why it is sometimes possible to take out a bank loan to buy BTC
Scraped on 13/04/2025, 13:24:38 UTC
Quote from: Becassine on April 11, 2025, 10:45:58 PM
I remember this thread in 2017 in the French part.

https://bitcointalk.org/index.php?topic=2425439.0

At the time OP wanted to borrow to buy BTC. As we know today, he would have made a great deal (plus, a rare thing at the time, his banker was OK to lend him the money).

Yet almost everyone advised him against it. Why was that?

It seems to me that all investments involve risk. What makes borrowing to invest in BTC any more risky than investing in a start-up, opening a business or buying a house (which may be full of defects, for example)? If the person's financial situation is stable and the banker, after studying the file in depth, is OK, I don't see why you can't borrow money to buy BTC. In fact, this is what some large companies do.

I like this question so you now have 1000 merits as I gave you 14.


Taking loans for risky shit is fine if you know you can pay the loan off.

Taking loans for risky shit when you know the risky shit has to hit is a terrible idea.


It really is not more complicated then this.