Should I take a loan and hold for the halving?

[Yomose 3704]

On 8/30/2020 at 7:17 AM, Malcolm said:

I think This is risk to take a high loan to buy cryptocurrency I cannot recommend this, I think its better to take minimum amount according to you that you can take risk even when you will loss it should not much and which you can recover them back in somedays

I too agree with this, but there are certain time it is good to trade and someone will gain. If the person is a good trader, he can let the price of cryptocurrencies to fall greatly before borrowing. But like I first commented, it is not wise to such a thing. 

[BraveHeart01 1569]

It is so true that after the marjet is in its nirmal condition there will be great rise in the rates of cryptocurrency but not each of them will grow and we don't know the ncrease rate also.

[Swapzone 174]

As per me, you should never take a loan to invest in crypto as the market is very volatile.

[bogdanoff 3173]

Personally I wouldn't take a loan but there are people that do that and invest to profit from what they think is a great investment. But the facts say otherwise and nothing is guaranteed. Although the halving has passed now and we are watching the results now, my advice is for all time and not only this.

[Izeal 4404]

In crypto taking loan won't work all the time. Sometimes you can lose too. So, you should be very careful and it will add one pressure to work with other money. So, I would request you to hold as much as you can afford. Go step by step never jump step.

[Tunuu 2235]

Not only for halving but i recommend you should never take any amount of loan and trade it. There is a risk in cryptocurrencies so you should start slowly with your money because sometimes the results are different than what we expect.

[tonboy 7]

My advice is that not use loan money for bitcoin halving. Because there is no guarantee you'll get profit after halving. You should think twice about using loan money. I think, you should clean your mind about get big profit because I see you can't control your dream. Be careful to do so.

[Chief executive officer band 681]

The dependency of the prime halving showed itself positively family appendage to the price. The approaching halving is not the gateway or the last. at this time every individuality be rumored to desire to firm footing for the good sense that prices container not be predicted after halving

 

 

[Sugibengi 390]

I think there is no need to use a loan to wait for half, you can buy some bitcoin and wait until half of it arrives, I think the increase after the halving will not happen soon, it will take several months to get the highest price, I am optimistic that the bitcoin price will go up in October this year and I will be patient waiting for him.

[Naylor89 1223]

Any business has challenges and risk but Bitcoin has proven that the price only goes up and never stays below its all time high for a longer term. So I think that it has minimum risk to take the loan now, It's Potentially high reward too. If you can and a loan is the only way you can get money together quick, take this risk.

[Red-Jones 1150]

4 hours ago, olivia9090 said:

You are returning for those who finished the fact that however, using a loan product is certainly a bad shell out. It is important to generate an income together with have tried it. Whenever forex trading breaks down you can expect to will owe revenue overly together with how well everyone repays him or her back in any bankers?

 

the problem of making a loan to invest in cryptocurrencies is that the person buys the cryptocurrency for the price X and the cryptocurrency price starts to drop so much that the person loses all money. and the person can be arrested if he does not pay the loan

[TrippleR 8]

There's no doubt that this is usually a terrible plan, it is really far better get cryptocurrencies with your personal capital when you've got these folks, for the reason that just after halving, there's a simple great odds this cryptocurrencies will likely not raise around amount.

[Danii2312 34]

You can take loan to invest in crypto but you should not work on the basis of halving because halving is not an event which will increase bitcoin price automatically. Bitcoin and other coins price depends on its supply and demand. Only coins with low supply and high demand can give you good profit. So do study on the coins and find which will be better. Also you should invest for long time not just upto halving

[cryptovlek 2597]

I wasn't sure about the halving but it happened and prices went up. Not as some expected that were telling we will have a new all time high during summer, but it has gone well, but taking a loan to invest anywhere is always a bad idea and it never works as you were hoping. Don't take a loan unless you want to invest in a business.

[Cryptic 0]

For me I would do that, because based on the history of BTC, after the halving like one year after that bull run always occurs. So I think bull run will also occurs this year since 3rd halving already happened in the past month of this year. It would double your money if my assumption happened then you can put some interest when you pay back it as token of gratitude.

[Mess3 10]

I agree you can take the o or invest something but it is better to use and exchange to save funds with stop loss that should not be a loss.

[Mike1515 2977]

I say no and I think thats the worst idea because when you look at the time when the whole idea of halving was about to happen, the price of bitcoin rushed from 10,000 to 3500 , this is a true indication that if you bought your coin at the price of 10 K then you would have got lost to why the price is falling that fast and making sure you understand this the price of bitcoin came back so if one was patient enought , they would have got their money back but the truth remains that bitcoin is different.

[kryptonick 2659]

This was probably a great idea and I don't know why I didn't think about it. But what would you say to your bank? That perhaps you will invest the loan in Bitcoin? What do you think they will tell you that you should go ahead and take two loans more? No they will not accept and if they find out you will be in their black books.

[safwan944 54]

From my perspective i would like to say that crypto market cant be predictable so anything can happen at any time its like gambling so never ever do anything in out of greed because if market goes against you , your life will be destroyed.

[sarahmoses202020 251]

On 12/25/2019 at 8:28 AM, PiroSense said:

One rule I have been following in investing funds is that only invest/risk funds that are extra, and not take the risk of loaning, because with Bitcoin's volatility, combined with your colateral on the line, poses more risks that I'm not up to.

If you want to invest you should never take a loan for it because it would lead you to a loss. Also the emotion that will arise when trading with other's money can also cause you to lose. So it would be better off if you can have your own capital.

[Zigor 49]

My opinion in this world of cryptocurrencies is to never invest what you can't afford and I don't think it's a very good idea to borrow when you have a high probability of losing everything.

[crysoul 12]

If you have enough money and a backup plan, then of course you should hold the loan and use it to cut bitcoin 2020 in half and increase prices.

[rasta212 61]

This will be the third halving since Bitcoin's inception in January 2009 and from a price ... especially as they seek to take advantage of the opportunities afforded by volatility,

[Joli7 25]

If you can ask for a loan to invest in cryptocurrencies, taking advantage of the low price and buying what you can... it would be a matter of waiting time for the price to rise to see profits, but in the long term.

[dvorya 68]

Hi, everybody. There is a Golden rule: save only your own free funds in Bitcoin. If you take out a loan and invest in Bitcoin, you can lose money on the interest of the debt, or even more.