Quote from: Futurexxx on Today at 06:03:15 PM

Quote from: Fortify on Today at 05:44:36 AM

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.

Nobody is able to tell which way bitcoin is going to head. It's commonly accepted that you shouldn't borrow money to invest in speculation, because it is almost like borrowing money to gamble. If the price had dropped by 50% instead he would be paying back a loan at 105%+ and would have half the money at the end of it.

Com'on man, thinking that Bitcoin investment is more of investing in speculation is very myopic in my honest opinion, Bitcoin is an asset that appreciate in value overtime, so their is a higher probability that in three to five circles from now Bitcoin can do up to 3x to 10x of it current price.
Then as for the loan aspect, you need to first kill that notion of paying back from the money invested into Bitcoin, it's advisable you only take loan to invest in Bitcoin if the loan is being payed installmentally, and if the loan interest is on the lower side, tell me why it's not a good deal, because you can easily pay back that loan from your paycheck once it comes either weekly or monthly, especially if the loan repayment is spread across a year or more.

Usually bank loans neither personal/business loans do have that amortization even on financing too and having that much less interest per month, but nothing beats up Banks into that since they do have that lowest interest in comparing into those financing companies out there. The only suicide on here is on the time that you do took loans or borrow into other people that offers 10% interest per month or even higher on which you do need up to repay the loan with the full CAPITAL + INTEREST then this is the time that you can be able to say that its never been worth on taking up such risks, but if we do speak about bank loans and you do have that capacity on repaying up those amortizations in monthly basis then i dont really see the issue. Everything do only just that depending or basing up on risks factor and considerations.