Quote from: Findingnemo on Today at 07:36:51 AM

But you are missing the point too, the one who is taking a loan will be hoping to make profits from the capital and pay back the loan so there is no plan B if bitcoin crashed which is what I am raising what it is. An average middle-class joe spends his entire life savings to pay the mortgage for the house he wanted to have and if the plan fails then this is another trap that may end the dream of getting finanical freedom which is why I said it is no different and we need to follow the process save=>invest=>ROI=>loop so even if the growth looks small that comes with no risk and you don't realise the power of compouding which makes it much bigger in the longer run.

But not everyone is like that! I think the least informed people approach taking loans like that. If you take a loan to buy Bitcoin and which you plan to pay back with Bitcoin that is an extreme risk. That is not the correct way to do it. You take out a loan which you invest in whatever but you plan to pay it back with your regular salary. If you get lucky with your investment then paying back the loan becomes easier. If not then it just returns to the originally planned way. I gave an example in my post how some people that I know did it.

Quote from: BitHodlers on September 24, 2025, 11:27:16 PM

Yeah, they don't sound like they have experience. I even have some friends who took loans and went into failed shitcoin investments. What about it? They are just paying back the loan as regularly as they planned and hopefully they learned their lesson about shitcoins. Cheesy

As long as you approach the loan the correct way nothing catastrophic will happen.

Quote from: Bd officer on Today at 02:29:39 PM

We know Bitcoin is a volatile currency so one should not take a loan to invest in Bitcoin. If taking a loan, you will have the pressure to repay the loan and also pay high interest, which can be difficult for you to hold the investment for a long time. And there is no guarantee that you will benefit, so it may be that you may need to sell the investment at a loss to repay the loan. So don't regret the past, always focus on the future. However, if you want to invest in Bitcoin then you can invest in DCA method from your income instead of taking loan. Finally, don't invest more money than you can afford to lose.

Very wrong. The interest rate which you have to pay has nothing to do with Bitcoin or any pressure. These days interest rates are good and getting better unless you have a terrible credit rating, but that is on you.