Re: Why it is sometimes possible to take out a bank loan to buy BTC

Quote from: Becassine on Today at 12:15:28 PM

Quote from: viljy on Today at 06:01:04 AM

Obviously, this is a huge risk. This can be illustrated by recent market events, when Trump announced tariffs, then there was a rumor about the alleged postponement, then a denial of this, then Trump himself announced the postponement of tariffs, and before that he wrote a post with the meaning "buy."
Imagine a person who bought bitcoin with borrowed money before the tariffs were announced. Maybe bitcoin will grow to its previous values by the time the loan is repaid, or maybe not. Then the consequences for the borrower will be dire.

Please tell me what consequences Huh

? If you hodl 5 years at least, please tell me what consequences ?

The consequences will only be realized if the money is needed within the next few months or even years that you can't afford for bitcoin to go down. Though I will say if anyone bought bitcoin at around $90k then that seems like a foolish idea from the start. Yes bitcoin will continue to grow in the future but you still should try to buy at the cheapest price possible. But if you already bought bitcoin at that price, prepare to ignore everything and just focus on the future when bitcoin goes up enough for you to sell it.