Buy Buy Buy or Sell Sell Sell?

[sotelorene]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.
I have noticed that the Author of this thread is no longer active but I am glad that members really understand how important this thread is.
Buying bitcoin is an integral part of every investor. Sellers often live to regret in the long run.

You don't need to care about the activity of the OP of this thread as long as there are many others who continue to make this thread more active until now so that everyone can learn from every information that is poured into this thread. Now you just need to understand that buying Bitcoin is a very important action and selling it is something that does not need to be remembered as long as you are still very happy to continue buying it with the amount of funds you currently have. Also, you don't need to beg to be a little influenced because everyone just needs to implement their own strategy which will culminate in buying Bitcoin.

Yep. Usually, big threads like these cannot be kept up by the OP nevertheless, simply due to how much they have to discuss.
We need just to appreciate how much we can get and learn from them and the members that are in them.

Op can actually keep up with this thread if he is still very much interested in learning about bitcoin, and this thread will help him get the answer to his questions and the need for him to hold his bitcoin for a long time, which will save him from regretting selling his bitcoin too early. Secondly, the ideas that are shared here are not done by one person, so the OP can easily navigate this thread like anyone else if he still finds the thread interesting. And if Op was still active in this thread, he would know that there's no right time to buy bitcoin than to buy it when his discretionary income is readily available. 

you are actually making sense @mayor of ogba, this thread has actually helped the op in one way or the other and not only the op but to many other persons that has come across this thread and off course it is a thread that is suppose to stay for as long as possible because new views, ideas, update etc concerning bitcoin are or will always be brought up here to be discussed and i believed this thread is still going to help as many that will love to join  tomorrow or in years to come and nothing will be changed because investment does not change but rather what changes or what will change is our approach towards accumulating and holding and indeed this is really a big and a hot thread, i never knew the meaning of DCA ( dollar cost average) and some other term and the right and reliable approach in bitcoin not until i started following this thread and trust me i have learnt alot.

[Tonimez]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.
I have noticed that the Author of this thread is no longer active but I am glad that members really understand how important this thread is.
Buying bitcoin is an integral part of every investor. Sellers often live to regret in the long run.

You don't need to care about the activity of the OP of this thread as long as there are many others who continue to make this thread more active until now so that everyone can learn from every information that is poured into this thread. Now you just need to understand that buying Bitcoin is a very important action and selling it is something that does not need to be remembered as long as you are still very happy to continue buying it with the amount of funds you currently have. Also, you don't need to beg to be a little influenced because everyone just needs to implement their own strategy which will culminate in buying Bitcoin.

Yep. Usually, big threads like these cannot be kept up by the OP nevertheless, simply due to how much they have to discuss.
We need just to appreciate how much we can get and learn from them and the members that are in them.

Op can actually keep up with this thread if he is still very much interested in learning about bitcoin, and this thread will help him get the answer to his questions and the need for him to hold his bitcoin for a long time, which will save him from regretting selling his bitcoin too early. Secondly, the ideas that are shared here are not done by one person, so the OP can easily navigate this thread like anyone else if he still finds the thread interesting. And if Op was still active in this thread, he would know that there's no right time to buy bitcoin than to buy it when his discretionary income is readily available. 

you are actually making sense @mayor of ogba, this thread has actually helped the op in one way or the other and not only the op but to many other persons that has come across this thread and off course it is a thread that is suppose to stay for as long as possible because new views, ideas, update etc concerning bitcoin are or will always be brought up here to be discussed and i believed this thread is still going to help as many that will love to join  tomorrow or in years to come and nothing will be changed because investment does not change but rather what changes or what will change is our approach towards accumulating and holding and indeed this is really a big and a hot thread, i never knew the meaning of DCA ( dollar cost average) and some other term and the right and reliable approach in bitcoin not until i started following this thread and trust me i have learnt alot.

I understand that the OP has the right to remain active on his topic, follow the thread or even go off completely. My concern was only centred on what could have kept him away this far. It could be that he's no longer interested in bitcoin as a whole or that things have gone south.

Whatever be the case, the topic has really been helpful and has done justice to the role of DCA in successful accumulation of bitcoin.

[DubemIfedigbo001]

Generally, taking a loan to start up a business or invest is not a good idea because of the added pressure it comes with. It's more better to use a loan money to finance an existing business and the interest rate must be very low, so that while paying it back in instalment, the business or investment wouldn't have to feel much effect from it.
But as of the case of Bitcoin investment, it's a bad idea  because Bitcoin is an asset that should be held in a very long time, so thinking of paying back the loan with the money invested in Bitcoin is one of the worst thing a Bitcoin investor should do, because he might be forced to sell at a loss or prematurely just to pay back when the loan debt is due, so taking of loan with the purpose of investing it in Bitcoin is one thing we should all avoid, because it's not proper.

Actually its not a bad idea since how could you fund your business if you didn't take a loan to make it happen? Its just you making all of things work according to what you like to happen. If you scared enough to do this then could you get a result for having that feeling? For sure not. In Bitcoin I think its the same if you could pay back the lender why not? You are not trading it, but rather you are investing it for long term so with that set up I think everything is fine.

As long as you know what you do is good and you are capable enough to pay your loans then there's nothing wrong with it. The time it became a wrong decision to take, if you know for yourself that you cannot pay your loans but you still decide to get it and used since you will would really get a big problem with that especially by the time that the lender will ask the money what you lend to him/her.

Well I am having a hard time relating a loan to discretionary income, Bitcoin is meant to be bought with your discretionary income and here you are taking a loan to purchase bitcoin, it sounds counterproductive. The only constraint that would make you have my backing in taking a loan is when for any reason, your periodic earnings that fuels your accumulation were delayed and you, knowing that it would still come and not willing to miss your periodic purchases might well decide to collect a loan and service it with a view to pay back immediately it arrives. That way, it replaces your incoming discretionary income.

However, you shouldn't make this a constant habit, when you see a shift in the arrival of your income, you can as well adjust your accumulation moments to suit it rather than being a regular customer to loans. Reason being that on the long run you would've lost a very good amount  as interests paid on loans and if you could adjust your accumulation periods to suit your income arrival, you can utilize these interests paid to increase your aggressiveness in accumulating bitcoin or use it to build up a cashflow reserve to accumulate bitcoin for moments that there is a shift in funds arrival.

[Scarlett_23]

In as much as I will love to say you are right, I think there are also investors who does similar thing and these are investors who doesn't actually understand the market and how it works just like traders who doesn't understand how trading works because a learned trader and also a learned investor will never borrow money to trade or invest but this days it actually do happen,

Well taking loan to invest or trade as the case may be does not even mean that the person in question is not learned or doesn't understand how the system works. Just that there are time people face financial constrain and discretion amount may not be able to run all financial activities and this is as a result of fucking  up down the road by over spending or recklessness and this will result in taking loan. But such loan are good when you have a backup to payback in due time. Maybe you are expecting money and you really need to invest and you are out of discretion then you can borrow then when the expected money comes then you pay and make sure you arrange yourself and never make such mistake of fucking up by overspending any more. Although such case are rear. But we must be very careful on how we spend to not find ourselves in a situation of taken loan to invest because it's. Obviously not a good idea.

Taking a loan to keep to your bitcoin accumulation ongoing isn't a bad idea but where you are taking this loan from, the interest rate and the understanding between both parties. You might be expecting your monthly income next week and the market dips, you can take a Ioan from a friend, coworker or from your Boss so that you don't miss the dip in order for you to buy bitcoin at a cheaper price. Such loans might not have interest on them or very little interest that would mean nothing to you.

Sometimes at work, I borrow money from my colleagues or I do take salary advance from my Boss make life easy for me since I cannot wait for the day I will be paid, or due to all my income being divided into various necessity, because whatever makes you to start your bitcoin accumulation, buying bitcoin regularly is a necessity. It's when you don't have a discretionary income and you just want to start your bitcoin investment that taking loan from the bank or money lenders with high interest rates is when it becomes a problem, especially, when you are planning to pay back from the profit from your bitcoin investment, that's the dumbest thing anyone should think of or do.

However, as long as you can pay back with the duration given to you or based on your understanding with whoever gave you the loan, it isn't a problem, but first you need to figure out your own financial case scenario playing around you at that moment before making such decisions to avoid messing things up yourself.

Afterall some countries are taking loan to improve their economy. Nayib Bukele applied for  $1.4billion loan from IMF and after approval, he bought bitcoin the next day, because the country has what it takes to pay back the loan. If you have what it takws to pay back the little loan you collected from your co-workers, friends and family members. No problem but don't do it above your limit.

If you can never buy Bitcoin with a loan, then there will be no such foolishness. Because Bitcoin does not guarantee overnight riches. It is unstable in nature. You have to be patient and wait for it. If a person has invested in Bitcoin with a loan, if he does not find any other way to pay the interest on that loan, then he will not be able to repay that loan by suddenly making a profit from Bitcoin. However, different countries have different budgets and their plans are also long-term. Which is one of the ways to fulfill the conditions for investing in Bitcoin.

[Sticky Bomb]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.
I have noticed that the Author of this thread is no longer active but I am glad that members really understand how important this thread is.
Buying bitcoin is an integral part of every investor. Sellers often live to regret in the long run.

You don't need to care about the activity of the OP of this thread as long as there are many others who continue to make this thread more active until now so that everyone can learn from every information that is poured into this thread. Now you just need to understand that buying Bitcoin is a very important action and selling it is something that does not need to be remembered as long as you are still very happy to continue buying it with the amount of funds you currently have. Also, you don't need to beg to be a little influenced because everyone just needs to implement their own strategy which will culminate in buying Bitcoin.

Yep. Usually, big threads like these cannot be kept up by the OP nevertheless, simply due to how much they have to discuss.
We need just to appreciate how much we can get and learn from them and the members that are in them.

Op can actually keep up with this thread if he is still very much interested in learning about bitcoin, and this thread will help him get the answer to his questions and the need for him to hold his bitcoin for a long time, which will save him from regretting selling his bitcoin too early. Secondly, the ideas that are shared here are not done by one person, so the OP can easily navigate this thread like anyone else if he still finds the thread interesting. And if Op was still active in this thread, he would know that there's no right time to buy bitcoin than to buy it when his discretionary income is readily available. 

you are actually making sense @mayor of ogba, this thread has actually helped the op in one way or the other and not only the op but to many other persons that has come across this thread and off course it is a thread that is suppose to stay for as long as possible because new views, ideas, update etc concerning bitcoin are or will always be brought up here to be discussed and i believed this thread is still going to help as many that will love to join  tomorrow or in years to come and nothing will be changed because investment does not change but rather what changes or what will change is our approach towards accumulating and holding and indeed this is really a big and a hot thread, i never knew the meaning of DCA ( dollar cost average) and some other term and the right and reliable approach in bitcoin not until i started following this thread and trust me i have learnt alot.

I understand that the OP has the right to remain active on his topic, follow the thread or even go off completely. My concern was only centred on what could have kept him away this far. It could be that he's no longer interested in bitcoin as a whole or that things have gone south.

Whatever be the case, the topic has really been helpful and has done justice to the role of DCA in successful accumulation of bitcoin.

I checked OP's last active and has seen that he stopped being active last year August and I think the Image below shows clearly the cause ofhis being very much inactive or dead in that account.

That tag alone has destroyed that account for him and he might not be able to follow up properly all in forum activities(campaigns, reviews and/or contests, e.t.c).
So in a nutshell, I think he abandoned the account instead and created a new one and may possibly be following up the thread and learning more about bitcoin, but this time not as OP.

[Futurexxx]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.
I have noticed that the Author of this thread is no longer active but I am glad that members really understand how important this thread is.
Buying bitcoin is an integral part of every investor. Sellers often live to regret in the long run.

You don't need to care about the activity of the OP of this thread as long as there are many others who continue to make this thread more active until now so that everyone can learn from every information that is poured into this thread. Now you just need to understand that buying Bitcoin is a very important action and selling it is something that does not need to be remembered as long as you are still very happy to continue buying it with the amount of funds you currently have. Also, you don't need to beg to be a little influenced because everyone just needs to implement their own strategy which will culminate in buying Bitcoin.

Yep. Usually, big threads like these cannot be kept up by the OP nevertheless, simply due to how much they have to discuss.
We need just to appreciate how much we can get and learn from them and the members that are in them.

Op can actually keep up with this thread if he is still very much interested in learning about bitcoin, and this thread will help him get the answer to his questions and the need for him to hold his bitcoin for a long time, which will save him from regretting selling his bitcoin too early. Secondly, the ideas that are shared here are not done by one person, so the OP can easily navigate this thread like anyone else if he still finds the thread interesting. And if Op was still active in this thread, he would know that there's no right time to buy bitcoin than to buy it when his discretionary income is readily available. 

you are actually making sense @mayor of ogba, this thread has actually helped the op in one way or the other and not only the op but to many other persons that has come across this thread and off course it is a thread that is suppose to stay for as long as possible because new views, ideas, update etc concerning bitcoin are or will always be brought up here to be discussed and i believed this thread is still going to help as many that will love to join  tomorrow or in years to come and nothing will be changed because investment does not change but rather what changes or what will change is our approach towards accumulating and holding and indeed this is really a big and a hot thread, i never knew the meaning of DCA ( dollar cost average) and some other term and the right and reliable approach in bitcoin not until i started following this thread and trust me i have learnt alot.

I understand that the OP has the right to remain active on his topic, follow the thread or even go off completely. My concern was only centred on what could have kept him away this far. It could be that he's no longer interested in bitcoin as a whole or that things have gone south.

Whatever be the case, the topic has really been helpful and has done justice to the role of DCA in successful accumulation of bitcoin.

I checked OP's last active and has seen that he stopped being active last year August and I think the Image below shows clearly the cause ofhis being very much inactive or dead in that account.

That tag alone has destroyed that account for him and he might not be able to follow up properly all in forum activities(campaigns, reviews and/or contests, e.t.c).
So in a nutshell, I think he abandoned the account instead and created a new one and may possibly be following up the thread and learning more about bitcoin, but this time not as OP.

It's very sad and pathetic that he did that in the first place, greed for more money is one of the major issue we find in not just in our society but also in this forum.
I just checked on his profile and it's very obvious that he abandon the account due to the red tag, but am not quite certain if he is still following up the thread as you claimed, but it's possible that you might be right.

[Roseline492]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.

Just like traveling to a strange land and looking at everything as if you where lost and need to find your way lolz. Guess what? you will get used to the strange land and even become a landlord one day.

Exactly that's how it is because the place that once look strange will become a home to him later because followed by what you said, their are lot of people who once go to a strange country but based on their aim of going there they became favored by the new environment making them not to have any feeling of leaving their again, so actually that's how @Tonimez is going to see this place in no time but if he is not a fan of Bitcoin then that's when he may not really grasp what we are talking about, but though from his statement he sounds otherwise.

[Justbillywitt]

Generally, taking a loan to start up a business or invest is not a good idea because of the added pressure it comes with. It's more better to use a loan money to finance an existing business and the interest rate must be very low, so that while paying it back in instalment, the business or investment wouldn't have to feel much effect from it.
But as of the case of Bitcoin investment, it's a bad idea  because Bitcoin is an asset that should be held in a very long time, so thinking of paying back the loan with the money invested in Bitcoin is one of the worst thing a Bitcoin investor should do, because he might be forced to sell at a loss or prematurely just to pay back when the loan debt is due, so taking of loan with the purpose of investing it in Bitcoin is one thing we should all avoid, because it's not proper.

Actually its not a bad idea since how could you fund your business if you didn't take a loan to make it happen? Its just you making all of things work according to what you like to happen. If you scared enough to do this then could you get a result for having that feeling? For sure not. In Bitcoin I think its the same if you could pay back the lender why not? You are not trading it, but rather you are investing it for long term so with that set up I think everything is fine.

As long as you know what you do is good and you are capable enough to pay your loans then there's nothing wrong with it. The time it became a wrong decision to take, if you know for yourself that you cannot pay your loans but you still decide to get it and used since you will would really get a big problem with that especially by the time that the lender will ask the money what you lend to him/her.

Well I am having a hard time relating a loan to discretionary income, Bitcoin is meant to be bought with your discretionary income and here you are taking a loan to purchase bitcoin, it sounds counterproductive. The only constraint that would make you have my backing in taking a loan is when for any reason, your periodic earnings that fuels your accumulation were delayed and you, knowing that it would still come and not willing to miss your periodic purchases might well decide to collect a loan and service it with a view to pay back immediately it arrives. That way, it replaces your incoming discretionary income.

I don't encourage taking a loan for the purpose of purchasing of bitcoin, wether your salary is being delayed for your periodic purchase, you don't need to take a loan of any kind. Since your bitcoin purchase is for a long time and your accumulation phase is still long, even if you miss one month without accumulating, due to the fact that your periodic income is being delayed, it won't cause a problem for you. You can continue your accumulation once your payment arrives. You don't need to put yourself under pressure by going to borrow money. Secondly you don't know how long the money is going to be delayed, even if they are eventually going to pay you in the end.

 You should avoid borrowing money to invest in bitcoin. You never can tell how long your employer will delay the payment. You will be in pressure if the money is delayed beyond your projected time frame. So to be on the safer side, don't invest at that period your money is being delayed. Only start investing again, when your periodic payment starts flowing again. It will give you more rest of mind.

[SuperBitMan]

Generally, taking a loan to start up a business or invest is not a good idea because of the added pressure it comes with. It's more better to use a loan money to finance an existing business and the interest rate must be very low, so that while paying it back in instalment, the business or investment wouldn't have to feel much effect from it.
But as of the case of Bitcoin investment, it's a bad idea  because Bitcoin is an asset that should be held in a very long time, so thinking of paying back the loan with the money invested in Bitcoin is one of the worst thing a Bitcoin investor should do, because he might be forced to sell at a loss or prematurely just to pay back when the loan debt is due, so taking of loan with the purpose of investing it in Bitcoin is one thing we should all avoid, because it's not proper.

Actually its not a bad idea since how could you fund your business if you didn't take a loan to make it happen? Its just you making all of things work according to what you like to happen. If you scared enough to do this then could you get a result for having that feeling? For sure not. In Bitcoin I think its the same if you could pay back the lender why not? You are not trading it, but rather you are investing it for long term so with that set up I think everything is fine.

As long as you know what you do is good and you are capable enough to pay your loans then there's nothing wrong with it. The time it became a wrong decision to take, if you know for yourself that you cannot pay your loans but you still decide to get it and used since you will would really get a big problem with that especially by the time that the lender will ask the money what you lend to him/her.

Well I am having a hard time relating a loan to discretionary income, Bitcoin is meant to be bought with your discretionary income and here you are taking a loan to purchase bitcoin, it sounds counterproductive. The only constraint that would make you have my backing in taking a loan is when for any reason, your periodic earnings that fuels your accumulation were delayed and you, knowing that it would still come and not willing to miss your periodic purchases might well decide to collect a loan and service it with a view to pay back immediately it arrives. That way, it replaces your incoming discretionary income.

I don't encourage taking a loan for the purpose of purchasing of bitcoin, wether your salary is being delayed for your periodic purchase, you don't need to take a loan of any kind. Since your bitcoin purchase is for a long time and your accumulation phase is still long, even if you miss one month without accumulating, due to the fact that your periodic income is being delayed, it won't cause a problem for you. You can continue your accumulation once your payment arrives. You don't need to put yourself under pressure by going to borrow money. Secondly you don't know how long the money is going to be delayed, even if they are eventually going to pay you in the end.

 You should avoid borrowing money to invest in bitcoin. You never can tell how long your employer will delay the payment. You will be in pressure if the money is delayed beyond your projected time frame. So to be on the safer side, don't invest at that period your money is being delayed. Only start investing again, when your periodic payment starts flowing again. It will give you more rest of mind.

You are right, taking a loan to purchase Bitcoin is wrong no matter the kind of strategy you are using you don't have to take loan for Bitcoin investment, however as a Bitcoin investor it those not mean you can't take loan if you have an emergency that has eaten up your backup funds, as long as you have a source of income or a means you can pay back the money is better than dipping hands inside your Bitcoin investment, if you receive $100 or $300 weekly as your salary and you have an emergency that has already eaten up your backup funds and you still need more $50 to solve that emergency you can ask for loan and pay back when you receive your salary.
What is wrong is going to take loan in other to invest in Bitcoin, Bitcoin is not an investment that you can go into and then make profit quick, some people take loan to invest in real estate and they get more than the money they borrowed in a short time, Bitcoin is different because Bitcoin is highly volatile in nature one can't really be certain and because of it's volatility taking loan to invest in Bitcoin may put you at risk especially when your hope in paying back with the profit you will get from it.

[Odohu]

Taking a loan to keep to your bitcoin accumulation ongoing isn't a bad idea but where you are taking this loan from, the interest rate and the understanding between both parties. You might be expecting your monthly income next week and the market dips, you can take a Ioan from a friend, coworker or from your Boss so that you don't miss the dip in order for you to buy bitcoin at a cheaper price. Such loans might not have interest on them or very little interest that would mean nothing to you.

I will respectfully disagree with you because if you understand what loan is, you will never encourage anyone to take loan to invest in Bitcoin. Even in countries like Japan where interest rate is negative sometimes (that is you payback less than the amount borrowed as government helps you pay) there are several conditions attached to the loan and investing in Bitcoin may not qualify for those conditions. Don't forget that loan have duration to pay back and there is no guarantee that Bitcoin would have given you enough profits to pay back the loan within that duration. Besides, the moment you borrow money to invest in a volatile asset like Bitcoin, you have mortgaged your peace of mind by inviting anxiety into your life, this being what every Bitcoin investor should learn never to do.

It has been abundantly emphasised to only invest what you can afford to leave in Bitcoin for a long term, your money that you don't have urgent need of so borrowing to invest in Bitcoin completely violates this requirements.

[JayJuanGee]

[edited out]

I checked OP's last active and has seen that he stopped being active last year August and I think the Image below shows clearly the cause ofhis being very much inactive or dead in that account.

That tag alone has destroyed that account for him and he might not be able to follow up properly all in forum activities(campaigns, reviews and/or contests, e.t.c).
So in a nutshell, I think he abandoned the account instead and created a new one and may possibly be following up the thread and learning more about bitcoin, but this time not as OP.

I doubt that it is either productive or realistic to presume that those members who start threads are genuine in their creation of the thread, even if the thread ends up being a place for relatively productive discussions around the thread's topic.

Taking a loan to keep to your bitcoin accumulation ongoing isn't a bad idea but where you are taking this loan from, the interest rate and the understanding between both parties. You might be expecting your monthly income next week and the market dips, you can take a Ioan from a friend, coworker or from your Boss so that you don't miss the dip in order for you to buy bitcoin at a cheaper price. Such loans might not have interest on them or very little interest that would mean nothing to you.

I will respectfully disagree with you because if you understand what loan is, you will never encourage anyone to take loan to invest in Bitcoin. Even in countries like Japan where interest rate is negative sometimes (that is you payback less than the amount borrowed as government helps you pay) there are several conditions attached to the loan and investing in Bitcoin may not qualify for those conditions. Don't forget that loan have duration to pay back and there is no guarantee that Bitcoin would have given you enough profits to pay back the loan within that duration. Besides, the moment you borrow money to invest in a volatile asset like Bitcoin, you have mortgaged your peace of mind by inviting anxiety into your life, this being what every Bitcoin investor should learn never to do.

It has been abundantly emphasised to only invest what you can afford to leave in Bitcoin for a long term, your money that you don't have urgent need of so borrowing to invest in Bitcoin completely violates this requirements.

Of course, no one should get a loan with an expectation that they will be using proceeds from their "gainz" to pay back the loan.

There are such things as smart loans, and there are a decent number of folks who know how to use debt and/or leverage to put themselves into a financial status that they may well not be able to achieve absent their use of debt in smart ways.

Sure, debt is a more sophisticated instrument as compared with straight-forwardly living within your cashflow, and it seems to me that the best kinds of debts and/or loans that have already considered ways to pay back the debt, and without relying upon the appreciation of the investment in order to accomplish paying back the loan, and surely there are also folks who are able to muster up way more favorable loan terms than others, and it may well be neither unethical nor imprudent to personally profit from personal credit and/or even collaterally-based credit that is relatively well thought out, accounts for the costs of the loan(s) and other applicable terms.

So many guys have been mentioning (and emphasizing) the need to live within your means, and surely there is nothing wrong with making sure that you can walk before you run, yet there is also nothing wrong with both identifying when you can run and employing that tactic in order to put yourself into a much better place (and perhaps even a place that you could have never had achieved) absent employing the running card... and for sure, there can be ways that such running card can be deployed without devolving into trading, excessive margin, gambling, shitcoining or other overly risky practices.

Surely, the use of loans and debts is not a basic technique to be applied without weighing costs and benefits, but it is a technique that can both be learned and employed in relatively risk-free (or risk-minimized) ways.  Admittedly, there are a lot of folks who neither know how to employ or to manage debt, and who should not be using debt based on their own skills and/or circumstances, yet the mere fact that a decent number of folks do not know how to use debt or they employ debt under the wrong kinds of circumstances, that should not cause debt to be eliminated from the list of options that someone might well be in a good position to reasonably deploy.

[Pi-network314159]

Sure, debt is a more sophisticated instrument as compared with straight-forwardly living within your cashflow, and it seems to me that the best kinds of debts and/or loans that have already considered ways to pay back the debt, and without relying upon the appreciation of the investment in order to accomplish paying back the loan, and surely there are also folks who are able to muster up way more favorable loan terms than others, and it may well be neither unethical nor imprudent to personally profit from personal credit and/or even collaterally-based credit that is relatively well thought out, accounts for the costs of the loan(s) and other applicable terms.

Surely, the use of loans and debts is not a basic technique to be applied without weighing costs and benefits, but it is a technique that can both be learned and employed in relatively risk-free (or risk-minimized) ways.  Admittedly, there are a lot of folks who neither know how to employ or to manage debt, and who should not be using debt based on their own skills and/or circumstances, yet the mere fact that a decent number of folks do not know how to use debt or they employ debt under the wrong kinds of circumstances, that should not cause debt to be eliminated from the list of options that someone might well be in a good position to reasonably deploy.

I quite understand your point sir, I was on the notion that loan is good to invest in Bitcoin when a person is out of discretion due to lack of proper management, that in such situation loan can be needed if there is hope to pay back. But from this statement you made, I have learnt that loan may be good but not what many guys can do. Just like the last paragraph I bolded shows how many guys may be lacking behind in times of loan management, I also rememberd that if someone could not have been able to manage his discretion to the extent of taken loan then probably he may as well not be able to manage loan if taken. So guys should be able to weigh their capacity or capabilities in term of financial management before such idea should even be nursed in their mind.

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

[JayJuanGee]

Sure, debt is a more sophisticated instrument as compared with straight-forwardly living within your cashflow, and it seems to me that the best kinds of debts and/or loans that have already considered ways to pay back the debt, and without relying upon the appreciation of the investment in order to accomplish paying back the loan, and surely there are also folks who are able to muster up way more favorable loan terms than others, and it may well be neither unethical nor imprudent to personally profit from personal credit and/or even collaterally-based credit that is relatively well thought out, accounts for the costs of the loan(s) and other applicable terms.

Surely, the use of loans and debts is not a basic technique to be applied without weighing costs and benefits, but it is a technique that can both be learned and employed in relatively risk-free (or risk-minimized) ways.  Admittedly, there are a lot of folks who neither know how to employ or to manage debt, and who should not be using debt based on their own skills and/or circumstances, yet the mere fact that a decent number of folks do not know how to use debt or they employ debt under the wrong kinds of circumstances, that should not cause debt to be eliminated from the list of options that someone might well be in a good position to reasonably deploy.

I quite understand your point sir, I was on the notion that loan is good to invest in Bitcoin when a person is out of discretion due to lack of proper management, that in such situation loan can be needed if there is hope to pay back. But from this statement you made, I have learnt that loan may be good but not what many guys can do. Just like the last paragraph I bolded shows how many guys may be lacking behind in times of loan management, I also rememberd that if someone could not have been able to manage his discretion to the extent of taken loan then probably he may as well not be able to manage loan if taken. So guys should be able to weigh their capacity or capabilities in term of financial management before such idea should even be nursed in their mind.

Surely, a guy who already has strong cashflow management skills and has even demonstrated to himself that he is able to strongly manage himself through a variety of situations and circumstances, then such guy with strong cashflow management skills is going to be better in terms of either using debt or even better in regards to using other kinds of financial instruments to either leverage or to buttress his already strong skills.  Surely, some kinds of financial instruments are more complicated than others, and loans need not be complicated, even though they have potential trade offs, including tendencies to need to pay fees and to even be able to manage how the loan might come due and various penalities that could exist under certain kinds of default situations that could end up playing out, even when a guy might already have good cashflow management skills, there could be circumstances in which loans might have conditions that trigger the need to fully repay the loan prior to the originally agreed-to due date.

Of course, like you mentioned, some folks consider loans to be something that would be employed under emergency situations, yet it seems that many times if someone might have gotten into an emergency situation, then loan conditions that he is able to negotiate would likely not be as favorable as a loan that might be used in circumstances that a guy has strong financial circumstances and abilities to negotiate more favorable loan terms.

I am not even advocating that loans are necessary in order to get ahead in finances, yet they are not necessarily the villain that some forum members portray them to be, even if many times guys might not know how to enter into a loan in a favorable way, even while accounting for some of the extra costs and fees and risks that may also need to be calculated within considerations of whether to actually enter into a loan that might be available for them to take.

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

Bitcoin tends to have many ways that guys can get rich based on regular strong cashflow management practices, and frequently there is not going to be any need or any advantage in getting any kind of loan, especially since it also can take a decent amount of time to build up strong cashflow management and perhaps other financials that might even allow someone to be able to negotiate favorable loan terms.  Guys frequently want to run before they walk, so they become their own danger when they are overly complicating their own BTC investment practices. Another thing is that guys will frequently become quite empowered and powerful from their own building up of their financials and their cashflow management, so they are going to be way better informed about the parameters of entering into a loan or trying to utilize other financial instruments (including recognizing the various disadvantages that could come from adding more risk to what they are doing), so many times, guys will choose to purposefully NOT employ debt because they can recognize and appreciate certain strengths of their own approach that comes from not complicating their various calculations or even sometimes burdening their relations when they might be in a better position to not try to negotiate loans from family and/or friends, in the event that such person might want to involve their family and/or friends in financial agreements.

Sometimes a guy might also purposefully enter into a loan merely because he wants to build up his credit, so he might enter into such loan while completely knowing that he can pay the loan back and he might not get any actual benefit from the loan, except to build up his credit, and surely there can be good reasons for people to want to build up their credit, even if they might not be frequently using the credit they have built up over many years of entering into various debt relationships.

[EarnOnVictor]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.
I have noticed that the Author of this thread is no longer active but I am glad that members really understand how important this thread is.
Buying bitcoin is an integral part of every investor. Sellers often live to regret in the long run.

You don't need to care about the activity of the OP of this thread as long as there are many others who continue to make this thread more active until now so that everyone can learn from every information that is poured into this thread. Now you just need to understand that buying Bitcoin is a very important action and selling it is something that does not need to be remembered as long as you are still very happy to continue buying it with the amount of funds you currently have. Also, you don't need to beg to be a little influenced because everyone just needs to implement their own strategy which will culminate in buying Bitcoin.

Yep. Usually, big threads like these cannot be kept up by the OP nevertheless, simply due to how much they have to discuss.
We need just to appreciate how much we can get and learn from them and the members that are in them.

I share your view and I've always advocate for an active thread so long as the discussion there is important, meaningful and progressive. The OP may not necessarily be active before a thread is active, but at the same time, it is better if the OP is active. The OP of this thread has been absent from the forum since the 16th of August, so it is not matter of the OP keeping track again as you said, we can't give an excuse with that, but our personal interest on the thread.

And to be honest, more is being learned on this thread than they are being learned in many other divided threads that litters the forum. One quality communicating channel is better than too many others.

[Stablexcoin]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

[laijsica]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

I welcome depositing Bitcoin with a loan if you can tolerate it, such as if Bitcoin worth is going down, you will not have to borrow from others to pay off the loan. Or the situation where the real asset is damaged / the possibility of selling / the possibility of selling Bitcoin at a low price when selling. Guys often try to build up their backup fund and take out a loan to continue accumulating Bitcoin, which can be a good decision. If the amount of the backup fund is in a strong position, such as over a year, then you can arrange your Bitcoin plan with a loan, which can definitely take your investment to a strong position. If you can apply your strategy with the target, you will be able to repay the loan from the capital and at the same time the Bitcoin stash will continue to grow.

[Mayor of ogba]

Since joining this thread I have been observing and trying to catch up with some of the regular members of this thread. But I have been thinking of something different. I beg to sway a bit.
I have noticed that the Author of this thread is no longer active but I am glad that members really understand how important this thread is.
Buying bitcoin is an integral part of every investor. Sellers often live to regret in the long run.

You don't need to care about the activity of the OP of this thread as long as there are many others who continue to make this thread more active until now so that everyone can learn from every information that is poured into this thread. Now you just need to understand that buying Bitcoin is a very important action and selling it is something that does not need to be remembered as long as you are still very happy to continue buying it with the amount of funds you currently have. Also, you don't need to beg to be a little influenced because everyone just needs to implement their own strategy which will culminate in buying Bitcoin.

Yep. Usually, big threads like these cannot be kept up by the OP nevertheless, simply due to how much they have to discuss.
We need just to appreciate how much we can get and learn from them and the members that are in them.

I share your view and I've always advocate for an active thread so long as the discussion there is important, meaningful and progressive. The OP may not necessarily be active before a thread is active, but at the same time, it is better if the OP is active. The OP of this thread has been absent from the forum since the 16th of August, so it is not matter of the OP keeping track again as you said, we can't give an excuse with that, but our personal interest on the thread.

And to be honest, more is being learned on this thread than they are being learned in many other divided threads that litters the forum. One quality communicating channel is better than too many others.

Maybe the OP just created this thread with the aim of earning merit, but since he was not able to earn merit through this thread, that could be the reason why he stopped being active in this thread. I just checked the OP profile, and I noticed he was given a negative tag for bounty cheating, which could be another reason why he stopped being active with his account in the forum. Even though the OP is no longer active in this thread, it doesn't matter; the most important thing is that there are a lot of people who are very much interested in contributing to this and helping people who are interested to learn about bitcoin and also invest in bitcoin to achieve their aim without being burnt on their bitcoin investment.

[adultcrypto]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

The danger of this type of conclusion is that majority of the people following this discussion are people that have not gathered enough wealth to be able to pay back loans from other sources should there be the urgency such as you have described, so what we are basically doing is to buy bitcoin as a means of building wealth for the future. The concept of taking loan to invest in Bitcoin will therefore be a huge challenge in this condition as we are buying to hold for a long period of time.

We should also know that there cannever be urgency of buying bitcoin because there is no wrong time to buy bitcoin. If you allow the mindset of urgency to thrive, then you will definitely exhibit FOMO which is also something to avoid when it comes to investing in bitcoin. Just buy with your descritionary income so you will not be stressed or pressured to sell even at a loss when you did no plan to sell.

[GiftedMAN]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

Let's be properly guided when we are talking about the issue of taking loans so that some people do not misinterprete it and as a result choose to take loans to finance their business. I think it is totally wrong to take loans to finance a business that is just starting the reason is because you do not know if the business will be profitable within the space of time when the loan will be due. But for a business that is already established and the investor is already taking profits in his business it is not wrong to get loans to finance any project he has knowing that his business is active to help him sort out the loans when it's due. In the area of Bitcoin investment, it is dangerous to take loans to invest in Bitcoin because you will end up being restless when the market isn't going as you predicted no one should think of taking loans to invest in Bitcoin. Bitcoin investment should only be done with an amount that is not going to affect the well being of the investor, it should be done with an amount that the investor can make from his other sources of income so that he won't be panicking or become emotionally unstable when the price doesn't go up as expected.

[Taskford]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

I'm only against for taking loan if this its used for nonsense matter.

But if for investment with Bitcoin especially if your intention is long term and just want to have some funds to accumulate since your expected funds didn't came in, then I don't see any problem for doing it.

This is I think a good decision since somehow you can earn profits from money you borrowed. Although I understand the sentiments of people that we might paid some interest of the loan we take. But for sure the profit we can possible get from that is more bigger than what we take especially if Bitcoin will hit new all time high in future.