Hear me out I want to break down the risks potential rewards and your thoughts
Three years ago (2022) I almost did something crazy take a $50K bank loan and buy Bitcoin
I had doubts back then I thought What if it crashes? What if I can’t pay back the bank
I hesitated I played it safe and now looking back BTC has skyrocketed If I had taken that risk back then I’d be sitting on a huge profit today
The thing is the fear of losing the loan kept me from acting
If I had taken that risk I’d be sitting on a life-changing profit today
The regret? Real
few weeks ago I saw my friend took a loan of 30k to buy a new car and I been thinking how people take risk for material things such Car,Trips,Houses etc even to Gamble
I have the House and do own a Car but don't know that is stopping me to take this risk
I know it’s not the same as three years ago BTC is volatile, interest rates are higher and $50K is still a lot to borrow
But I don't want to make same mistake again
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?
Bitcoin halving happened in April 2024. You are investing in Bitcoin 1.5 years later, this is called FOMO. Bitcoin has already reached a new all-time high and 1.5 years have passed since its halving, which means that soon the bear market will start. To be fair, today is very different from every other day in Bitcoin's history because there weren't Bitcoin Spot ETFs approved years ago and the price in 2024 started rise even before halving but I think that it's very risky today to get a loan and invest in Bitcoin. You have to keep in mind your bank's interest rates too. If they are high, you'll be mentally very stressed and Bitcoin might not give you 10-20% profit anytime soon. If I were you, I wouldn't do it.