Quote from: viljy on April 26, 2025, 03:48:16 PM

So, let's say you took out a loan for 5 years at 30% per annum (this is the average rate). You have bought bitcoin and you will keep it for 5 years. How much money will you use to make monthly loan payments? Let's say you have money, then why did you take out a loan? I do not know which country you are from, maybe you have loans there at 3% per annum or 0.3% per annum, then of course you can take out a loan and buy bitcoin for 5 years. There is probably no need to explain the consequences of systematic delays in loan payments. In the best case, this will lead to a restructuring of the loan, in the worst case, it will end with the sale of debt to collectors, and the consequences there can be very dangerous to health.
Well, this is my subjective opinion about borrowing money to invest in bitcoin.

I have no problem with borrowing money to invest in bitcoin as it is almost like a form of business, but if the interest rates are too high then this idea needs to be reconsidered. 30%/year interest rate is too high and if we still insist on borrowing money to invest, it is not a wise idea. Bitcoin is a potential investment and holding for 5 years can be profitable but at the end of the day, what guarantees do we have? The world is becoming more and more unstable and anything bad can happen. What if the market cycle breaks, the bear season lasts for years and the bitcoin price keeps falling…? The consequences would be dire.

But if the interest rate is 0.3% to 3% per year and we have stable income or other backup assets...I support borrowing money to invest in bitcoin as well as business.

By the way, which country are you from, and is the 30% interest rate real or just an assumption because it is so high? How can banks attract people to borrow money with such crazy interest rates?