Hi all,
Around Nov 22, I was desperate to borrow money to buy myself at least 1 or 2 BTC, I didn't and I regretted it.
I now start to have the same urge again, I really just want to do it. I feel like a 100/200K loan to get my self 2/4 pieces, hold for a few years, sell and repay.
Honestly, what can go wrong? BTC is not going to 0, I see the risk as it staying around 40/50 level for a little longer than I expect. Why am I wrong (if I am)? Why shouldn't I do it?
EDIT: Thanks for all your points, FYI, I can easily manage to get interest free loans for like 2-5 years. A lot of you have pointed out that I would need a backup plan to repay the loan, I guess I should save up now from work for that time period at least as a hedge against loses in case BTC goes down in value. Thanks for all your advice.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments