JayJuanGee
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How much alt coin diversification is needed? 0%?


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December 04, 2018, 12:31:41 AM

If you are poor you should be saving instead of borrowing.

People that really "needs" the money, should never, ever borrow the money.

Enough rant.... I am open for criticism.

Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money.

Though of course you must be smart about what you do with the investments.

I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^

If I could borrow 4M€ I would Cheesy

What is your timeline on paying back the loan?   

So your wager would be that bitcoin is going to perform better than your loan for the term of the loan or at least not perform so bad that you are not able to pay back the loan at the end of the term.


It does not sound like a great idea, but if you are buying BTC now (with the proceeds of a loan), then it seems better than buying at higher prices - even $6k or $10k or $17k... But still risky.
I wouldn't take up any type of private loan if I didn't know that I could pay it off even if I burnt through the whole amount. With government backed loans I couldn't care much less if I fucked up since nobody would get harmed by my actions.

I agree with you that the calculation is different with interest bearing loans, but there are still reasonable (even though more risky) ways to use such leverage to your advantage, especially with investing rather than consuming.. and also I do think that you have to be a real prudent person (in term of living within your means) if you are going to include interest bearing leverage in any kind of business, whether bitcoin or otherwise.