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 remember a guy on Reddit who sold his house and bought Bitcoin when the price was near to 20k US dollarsin 2017, he posted that on Reddit and was crying, he didn't know what to do with his life because he invested 500K into Bitcoin and it immediately crashed and I remember I told him that he should hold tight because in 4 years, that will get fixed. I don't know what is the fate of that guy but in 2021, the price reached 69K US dollars and 4 more years later, it reached 109. I hope this guy held tight and he is now a billionaire.

Btw I didn't know if any bank was giving away a loan for Bitcoin investments, I guess it's different per country but maybe the OP lied to the bank? I mean, in my country you can ask for a loan and if you provide collateral or a solid regular paycheck, banks don't care about your needs, they'll give it to you even if you want to burn that money.