Post
Topic
Board Nigeria (Naija)
Re: Do not invest in Bitcoin with a borrowed money
by
SuperBitMan
on 21/06/2025, 22:07:11 UTC
It is funny seeing a post like this, how can you invest with a borrowed not just in bitcoin.
Any investment is a risk, it is too risky to invest with someone else’s money, what if the business goes sideways
No business is guaranteed 100%, that is why you should be very careful and don’t take loans to invest

This has put a lot of people in trouble, bitcoin is not a quick way to make money unless you want to lose money, it takes years of learning and mastering the market be careful out there

In as much as borrowing or taking loan to invest in Bitcoin is wrong I don't think doing so in business is also wrong, a lot of big business today became big because they decided to take risk of taking loan and then expanded there business, taking loan to invest in your business as an entrepreneur is different from taking loan to invest in Bitcoin as an investor, Bitcoin is something that one is not 100 percent sure of the at come and is highly volatile in nature so where will you get money to pay back except you are already working and and you are planning to use part of your salary to pay back but is still not advisable to do that, now the reason why taking loan to build up your business is okay is because after taking the loan to put in the business you will start making money from that same business and that is how you will pay off the loan, and after paying the loan you still have your business to yourself, I know someone that started his business with a loan and now he has paid it off and the business is still there for him and his still making money from it, however is not grantee that after starting the business with the loan you will succeed.