Quote from: Findingnemo on Today at 08:54:22 PM

Quote from: TESY on Today at 06:27:33 PM

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Would you take a $50K bank loan to invest in Bitcoin today?

Nope. Taking a loan and investing in Bitcoin is just double the risk.

Disagreed. You completely missed his point. Most people are taking out loans for all stupid stuff like a new car. You don't need a new car that you can't afford. So if pretty much everyone is doing this for stupid stuff why should he not take out a loan and do something smarter with it like invest in Bitcoin? You need to look at the loan data for the average person in the US. To make things worse they even tend to owe money at the worst possible rates like credit card debt.

Quote from: TESY on Today at 06:27:33 PM

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

If you are aware of the risk and are able to get a good deal on the loan and this will not bankrupt you under any circumstance, go for it. Please keep in mind that the investment can be lost and that if you want to have good prospects of winning you need to stay here long-term. I know a few people who did this with shitcoins and they lost money but they repaid their loans without issue. I also know some people who did it with Bitcoin and they for sure don't regret it. Cheesy

Quote from: Stepstowealth on Today at 09:48:35 PM

Quote from: TESY on Today at 06:27:33 PM

So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?

It is a bad call to consider taking a loan to invest. In your head, you may feel that it is a good idea with a very good chance of success, but there are a thousand things that could go wrong, and you will surely regret it.

Nonsense emotional voodoo from someone who does not know how to trade or invest. This has nothing to do with a bad call.