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/biz/ - Business & Finance

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24763161 No.24763161 [Reply] [Original]

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?

>> No.24763186

>taking loans to gamble
pls don't ruin your life fren

>> No.24763241

Bump.

>> No.24763334
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24763334

Take it so i can laugh at you when BTC inevitably dumps during next year, JVChien

>> No.24763417

wait till btc dips to 3k in March like it always does

>> No.24763466
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24763466

>>24763417
no

>> No.24763663

>>24763417
That's quite late.

>> No.24763685

>>24763186
Loans to buy crypto literally made my life lmao

>> No.24763751

test

>> No.24763778

I took a loan in 2018 to buy chainlink at 40c

>> No.24763991

>>24763685
Elaborate, pls.

>> No.24764758

>>24763334
Continue de bouillonner avec rage fils de pute. Reste pauvre rajesh