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Anonymous Sat Dec 12 18:07:06 2020 No.24763161 [View]
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Planning on taking a loan from the bank to buy Bitcoin.

I could pay off the loan slowly with my monthly salary, but right now I want to invest a shitload of money into BTC before it explodes in 2021, instead of buying it gradually over the year, as that is unprofitable. How based is this idea?

As long as the interest rate from the bank is less than the growth rate of BTC, I should be making a profit. For example, if BTC at least doubles in price by the end of 2021 (very conservative prediction), it would be growing by 8% every month, which would already be bigger than the 5% interest rate in the bank, so basically the difference is what I would be making in profit.

Pros/Cons?

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/biz/ - Business & Finance

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