Borrow money to invest in Bitcoin does that make sense?
Not only Bitcoin but yeah Bitcoin is the case study here, every investment shouldn't be started with a borrowed money especially when you don't have another source to pay back. if you do have another source, that doesn't mean you should borrow to start, learn to start with the little you have then base on the success yield a borrow scheme could could be planned to meet up at some crucial point.
This could be aplied in bitcoin, some dip could brought about it but still not advisable unless there's an assured means to payback (as mentioned already)
Yes that is true.. let say when they start business with the little they have to watch how the market or business gradually increases, it would get to some point that after knowing more about the business knowing how much profits is to come and when you take such amount what duration can you be able to produce back this money. So as you mentioned, having multiple streams of income helps alot and you would regret of taking borrowing money to finance their business or Investment.
I think that you guys are seeing it from the wrong perspective here, when taking a loan to invest in Bitcoin, it's sincerely not a terrible idea only if it's a loan that can be repaid back installmentally either weekly or monthly, and the interest rate is as low as 5% per year why not?
Another thing we all need to first of all take out of the picture is having the thought of paying back from your Bitcoin investment.
Before you borrow any money to invest in Bitcoin, you need to have it at the back of your mind that you will be paying it back bit by bit from your paycheck once it comes, because you must have a source of income in the first place before venturing into Bitcoin investment, so what am trying to say is that if the loan repayment plan can be done installmentally and the interest rate is on the lower side, it's a very good loan to take because Bitcoin will always outperform any interest rate attached to the loan on the longer run, especially when you take the loan and buy when the price is low, or their is a dip in the market then.
In our society today their are so many loan out their that can be taken and repaid back installmentally across three to five years interval, so with such types of loan, it would be very beneficial once you have a source of income which you will be using to be paying it back bit by bit for the stipulated time of the loan.