I remember this thread in 2017 in the French part.
https://bitcointalk.org/index.php?topic=2425439.0At 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.
absolutely there is nothing wrong with borrowing money from the bank to buy bitcoin provided you have a sources of income to pay back the loan before the due day, and the motive of borrowing money to buy bitcoin should be considered too
, now less take for example
, you already have some portion of
bitcoinsbitcoin in your wallet and bitcoin dip to $65k and you don't want to miss out on buying that dip, less say you don't have enough money on you as at that time when the dip occur in bitcoin, and you decide to borrow money from the bank to enable you buy that dip there's nothing wrong with it since you already have a source to pay back the loan, but borrowing money to buy bitcoin without having a source of income to pay, less say your only source of paying back the is through your bitcoin investment I don't support that one for that is a very wrong way to approach bitcoin.