Quote from: I_Anime on September 27, 2025, 08:11:36 PM

Quote from: JayJuanGee on September 27, 2025, 07:00:36 PM

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms. We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time , or maybe for life and death situation , but collecting loan for investment is not encouraging because you are only making use of money you can hold for long and there are chances you be in haste to sell off that investment inorder to pay back the loan , might even lose it because some tend to gamble instead of investing looking for ways to have quick returns like investing in some shit projects.

let's take for instance now, I a big dip occured in bitcoin, and you are yet to be paid from your work place, and you really don't want to miss out buying that dip, buddy there is nothing bad in collecting loan to invest in bitcoin, to buy that dip and hold provided you have a source or other sources of paying back the loan without tempering with your bitcoin investment. And it's not only necessary for you to take loan only when it only has to with emergencies, you can also take loan to invest in bitcoin provided you other ways of paying of the depth without touching your holding.

Silverstonez

Posts

Merits