Buy Buy Buy or Sell Sell Sell?

[Futurexxx]

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.

Guy, it makes no sense in taking a loan to invest in Bitcoin when you don't have money to invest, it's best you wait still you have money available that you can do away with in a very long time.
Have you forgotten that loan comes with a stipulated time you must pay back?
That's an unnecessary pressure you are putting yourself into, let's not forget Bitcoin is an asset that appreciate in value overtime, so you need a whole lot of time before your investment start yielding fruits, so it would be unwise to invest in Bitcoin with a loaned money, I haven't even talked about the interest that would be added to the money borrowed, but if you borrowed it to expand and existing business, it would be much more better because you are very certain of what might play out in your business in a certain timeframe not Bitcoin that you are required to hold for a very long period of time for you to start reaping the full dividend of your investment.
So what am trying to say is that if you borrowed money to  expand or maintain an already existing business, it's quite ok, but to borrow money to start up a business or to invest in Bitcoin is not proper to me because in the case of Bitcoin, it's not a must that you must add to your stash if you don't have fund, you only investment when you have money you can do away without for a very long time, so putting yourself under such pressure is not proper.

[Zackz5000]

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.

Guy, it makes no sense in taking a loan to invest in Bitcoin when you don't have money to invest, it's best you wait still you have money available that you can do away with in a very long time.
Have you forgotten that loan comes with a stipulated time you must pay back?
That's an unnecessary pressure you are putting yourself into, let's not forget Bitcoin is an asset that appreciate in value overtime, so you need a whole lot of time before your investment start yielding fruits, so it would be unwise to invest in Bitcoin with a loaned money, I haven't even talked about the interest that would be added to the money borrowed, but if you borrowed it to expand and existing business, it would be much more better because you are very certain of what might play out in your business in a certain timeframe not Bitcoin that you are required to hold for a very long period of time for you to start reaping the full dividend of your investment.
So what am trying to say is that if you borrowed money to  expand or maintain an already existing business, it's quite ok, but to borrow money to start up a business or to invest in Bitcoin is not proper to me because in the case of Bitcoin, it's not a must that you must add to your stash if you don't have fund, you only investment when you have money you can do away without for a very long time, so putting yourself under such pressure is not proper.

I don't think there is anything wrong to get a loan to invest in bitcoin if you have a means to pay back before the agreed time to pay back though taking loan is not for everybody body there are folks who take loan to start an investment with out any means of paying back that is very wrong for you will be putting more pressure on your self and personal living for example an investor who has a means to pay back loan may decide to take a loan when there is a market dip to lump sum knowing he can pay back before the due time in other not to miss out the opportunity of buying more bitcoin during market dip and later still continue with your normal DCA strategy.

For it is only wrong when you know you can't pay back your loan and you decide to take the loan because of your selfish interest and you will be in more pressure when the lender keep asking for his money probably he may get you arrested.

[Roseline492]

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.

Very correct because is not a must Op will write, if a thread is being created by someone doesn't give them any obligation to it, however based on how the price and possibly uninterested he saw from people that made him decided to open the thread, though I saw that other members feels that it was what happened to his account that made him not to writing here but that is not it because from when it happens till now is not far, so definitely he has no much interest on the thread but however I would say he did well by bringing this because is only when important ideas are disseminated you will see this activity.

[bitzizzix]

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.

Guy, it makes no sense in taking a loan to invest in Bitcoin when you don't have money to invest, it's best you wait still you have money available that you can do away with in a very long time.
Have you forgotten that loan comes with a stipulated time you must pay back?
That's an unnecessary pressure you are putting yourself into, let's not forget Bitcoin is an asset that appreciate in value overtime, so you need a whole lot of time before your investment start yielding fruits, so it would be unwise to invest in Bitcoin with a loaned money, I haven't even talked about the interest that would be added to the money borrowed, but if you borrowed it to expand and existing business, it would be much more better because you are very certain of what might play out in your business in a certain timeframe not Bitcoin that you are required to hold for a very long period of time for you to start reaping the full dividend of your investment.
So what am trying to say is that if you borrowed money to  expand or maintain an already existing business, it's quite ok, but to borrow money to start up a business or to invest in Bitcoin is not proper to me because in the case of Bitcoin, it's not a must that you must add to your stash if you don't have fund, you only investment when you have money you can do away without for a very long time, so putting yourself under such pressure is not proper.

I don't think there is anything wrong to get a loan to invest in bitcoin if you have a means to pay back before the agreed time to pay back though taking loan is not for everybody body there are folks who take loan to start an investment with out any means of paying back that is very wrong for you will be putting more pressure on your self and personal living for example an investor who has a means to pay back loan may decide to take a loan when there is a market dip to lump sum knowing he can pay back before the due time in other not to miss out the opportunity of buying more bitcoin during market dip and later still continue with your normal DCA strategy.

For it is only wrong when you know you can't pay back your loan and you decide to take the loan because of your selfish interest and you will be in more pressure when the lender keep asking for his money probably he may get you arrested.

Although it makes sense, there is still a risk if the results are not as expected even though we have the means or ability to pay for it. Because we will not know what will happen to us and the investments we make so all of that must be really thought out and considered with a very mature mind.

And I personally, if I may choose, I prefer to sell something expensive so I can buy Bitcoin when the decline occurs with the aim of increasing my DCA strategy purchases in large amounts with careful and mature consideration so that later something expensive that I sell can provide a return more than that. And I think this method is much better than taking a loan, because whatever the reason, the money from the loan will not make our lives calm even though we have the ability to pay it but think about what happens unexpectedly to us, don't focus too much on the ability to pay it.

[I_Anime]

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.

Well is not dangerous as you picture it to be , the reason is dangerous is not because of bitcoin prices fluctuations alone , is because of you won't be able to hold it for long because you may be given a certain time duration to pay for the loan , and we all know bitcoin is  all about long-term (future) , is not like one kind of means of gambling . Rather is an means of investing.

And still I don't encourage anyone to carry loan, and use it in anything that involves get rich quick , like trading , gambling and others related stuff ,

[EarnOnVictor]

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.

Have you taken the time to read the OP again? I don't think he created the thread to earn merit, and my reasons are; 1. If it is about the merit attraction, he would have made the heading only "Buy Buy Buy" and not added the "Sell Sell Sell" because that's the sentiment on the forum.

2. The body of the thread is too short, while the remaining part is questions and wasn't constructed well enough to attract deserving merits.

[Promocodeudo]

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 on this, some people doesnt understand what loan is meant for, as a matter of fact before anyone access a loan facility or individual loan, such person should have consider a means of paying back such loan to avoid indebtedness, you don't get a loan just because you heard that MR A got a loan and it favoured him in achieving whatever purpose he got such loan for, in the aspect of accessing a loan for Bitcoin investment or whatever investment one want to go into I will only support this if the person involved understands how to manage financial risk and also have the ability to plan with the amount available to enable him or her process whatever idea he wants to invest on to a realistic investment then such person is good to go.
Loan is meant for people who are not financial reckless that are ready to turn any amount given to them into some good amount not people whose purpose of getting a loan is to invest in something that may keep them financially stranded in a short while if care is not taken.

[sotelorene]

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.

Have you taken the time to read the OP again? I don't think he created the thread to earn merit, and my reasons are; 1. If it is about the merit attraction, he would have made the heading only "Buy Buy Buy" and not added the "Sell Sell Sell" because that's the sentiment on the forum.

2. The body of the thread is too short, while the remaining part is questions and wasn't constructed well enough to attract deserving merits.

I agree with you, if someone should carefully go through the OP thread over and over again you will find out the OP intension is very far from earning merit from the thread but i wonder why some people are saying that the OP created this thread to earn merit perhaps even if merit was among the reason for this thread then i think it will be the last thing or the least of his or her reason or thought. However, this thread is simple and obvious that the OP was just trying to find out if the period he or she created this... is/was the right time to sell or buy coin because of what he or she has been hearing or perhaps witness people do and whatever the reasons are i do not care as far as it has helped shaped and make me understand things i do not know before, i think i am happy and at same time grateful.

[Judith87403]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

This thread just remind me about my friend who bought a coin at the rate of 5k and after some time the coin later increase to 15k, but due to curiosity and other things led him in selling off the coin at that same rate that's 15k. and the buyer happens to be his friend and the guy was patient enough to hold on to it for Long term and guess what happened, after some time the coin later surge to 1million due to the hype that took place. and when he saw this he regretted so heavily that had it been he knew that he wouldn't have sold it in the first place, though he have gotten x2 of the amount he invested but that's not actually the amount he expected. he just sold it due to some financial issues, this is why is very good to set an emergency fund as a investor this will enable you leave your coin untouched until when you see that is the right time for you to sell.

[Fara Chan]

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.

Everyone does have their own reasons for everything, including being active and inactive in this forum, but I personally don't see it as a serious problem because when a topic can still be active without OP, of course everyone can still discuss here according to the ongoing discussion. And by the way, at this time the price of Bitcoin has also corrected again from $102K to $93K which can be utilized by Bitcoin buyers because the price is already quite low. Although I also don't know why the Bitcoin price correction happened suddenly like that at this time.

[Sim_card]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

This thread just remind me about my friend who bought a coin at the rate of 5k and after some time the coin later increase to 15k, but due to curiosity and other things led him in selling off the coin at that same rate that's 15k. and the buyer happens to be his friend and the guy was patient enough to hold on to it for Long term and guess what happened, after some time the coin later surge to 1million due to the hype that took place. and when he saw this he regretted so heavily that had it been he knew that he wouldn't have sold it in the first place, though he have gotten x2 of the amount he invested but that's not actually the amount he expected. he just sold it due to some financial issues, this is why is very good to set an emergency fund as a investor this will enable you leave your coin untouched until when you see that is the right time for you to sell.

We are talking about bitcoin here and not shitcoins. Bitcoin is an asset for long-term investment and not shitcoin that can be pump and dump. Your explanation can mislead newbies who are reading this thread for them to think that you can just buy any coin in the market and hodli to make huge profit when we all know that only bitcoin has the potential to multiply your funds in future. Newbies should just invest in any coin but only bitcoin, because it has a solid foundation and has been tested and confirmed to grow in value overtime since it is still new.

A new investor with his discretionary income should not waste his time but start buying bitcoin right away and grow your bitcoin stash with regular DCA every week 4-10 years and above. If you do not have an emergency funds don't bother before starting don't bother because you can build it along side withyour bitcoin investment simultaneously.

[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.

Guy, it makes no sense in taking a loan to invest in Bitcoin when you don't have money to invest, it's best you wait still you have money available that you can do away with in a very long time.
Have you forgotten that loan comes with a stipulated time you must pay back?
That's an unnecessary pressure you are putting yourself into, let's not forget Bitcoin is an asset that appreciate in value overtime, so you need a whole lot of time before your investment start yielding fruits, so it would be unwise to invest in Bitcoin with a loaned money, I haven't even talked about the interest that would be added to the money borrowed, but if you borrowed it to expand and existing business, it would be much more better because you are very certain of what might play out in your business in a certain timeframe not Bitcoin that you are required to hold for a very long period of time for you to start reaping the full dividend of your investment.
So what am trying to say is that if you borrowed money to  expand or maintain an already existing business, it's quite ok, but to borrow money to start up a business or to invest in Bitcoin is not proper to me because in the case of Bitcoin, it's not a must that you must add to your stash if you don't have fund, you only investment when you have money you can do away without for a very long time, so putting yourself under such pressure is not proper.

Nope I stand on what I believe especially if the loan money is used to on investment that can possibly give you some good income. Since waiting for your money to come is like you are waiting for Bitcoin market to dump. There are situation that its good to accumulate Bitcoin that's why I don't close this possibilities to borrow money then use it to buy Bitcoin.

Its never unwise to loan money for long term investment. What's really wrong out there if you don't know what to do with your borrowed money and use it to buy shitcoins.

Successful people borrowed money to maximize their time and resources, so there's nothing wrong to follow those tracks to possibly yield good result in future.

[Ricardo11]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

This thread just remind me about my friend who bought a coin at the rate of 5k and after some time the coin later increase to 15k, but due to curiosity and other things led him in selling off the coin at that same rate that's 15k. and the buyer happens to be his friend and the guy was patient enough to hold on to it for Long term and guess what happened, after some time the coin later surge to 1million due to the hype that took place. and when he saw this he regretted so heavily that had it been he knew that he wouldn't have sold it in the first place, though he have gotten x2 of the amount he invested but that's not actually the amount he expected. he just sold it due to some financial issues, this is why is very good to set an emergency fund as a investor this will enable you leave your coin untouched until when you see that is the right time for you to sell.

Your friend's story teaches us a very important lesson, and that is the importance of patience and emergency funds in investing. For example, your friend sold it due to financial problems, and later the coin reached 1 million, but if your friend had emergency funds ready, he could have solved the problem with this fund, he would not have sold this coin. As a result, he could have received a profit of 1 million. Even if he gets double the return on his investment, but it is undoubtedly disappointing to miss the opportunity to reach 1 million.

This is why it is very important to have an emergency fund, so that a investor do not have to sell/lose there holdings due to any financial stress. Especially Bitcoin investment, if investors are patient and plan properly, and holding Bitcoin for the long term, it can turn into huge wealth in the future. Which can be a life-changing success for an investor.

[JayJuanGee]

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 on this, some people doesnt understand what loan is meant for, as a matter of fact before anyone access a loan facility or individual loan, such person should have consider a means of paying back such loan to avoid indebtedness, you don't get a loan just because you heard that MR A got a loan and it favoured him in achieving whatever purpose he got such loan for, in the aspect of accessing a loan for Bitcoin investment or whatever investment one want to go into I will only support this if the person involved understands how to manage financial risk and also have the ability to plan with the amount available to enable him or her process whatever idea he wants to invest on to a realistic investment then such person is good to go.
Loan is meant for people who are not financial reckless that are ready to turn any amount given to them into some good amount not people whose purpose of getting a loan is to invest in something that may keep them financially stranded in a short while if care is not taken.

When a person calculates the advantages and disadvantages of getting a loan versus not getting a loan, there might not even be a very great difference between the two options.....

For example, one option is to get the loan, let's say the loan is for something like $12k, and the payback period is over 2.5 years with a minimum payment on the outstanding balance of 1.5% per month with a balloon payment (of the remaining balance at the end of the 2.5 years), and the interest rate is 6% per year compounded daily.  Maybe there is also a $50 origination fee.. and no penalties for paying back early. 

The person can figure out the terms of the loans and figure out if he wants to get the loan, and perhaps the purpose is to build his credit but also he wants to front load his investment into bitcoin, and maybe the bitcoin price will go up in the next 2.5 years and maybe it will not. so he considers the cost of frontloading the investment to be the interest rate and the fees.. and so if his monthly  payments are starting out around $180 per month, and then he will have had paid nearly half of the loan over 2.5 years, and maybe he still would owe something like $7,500 at the end of 2.5 years, and he might have to figure that he is buying the bitcoin in advance, and he is paying back the loan with his income as it comes in.. and then he just has to make sure that he has $7.5k-ish and that he is not depending on the bitcoin price to go up in order to make that remaining balance.. .. sure if the bitcoin price goes up during that time, that is fine, but he is not dependent on the bitcoin price going up since he can pay back the loan either way.. so he is not gambling, but he is making a calculation about whether it is going to be worth around $1,800 extra for him to be buying the bitcoin earlier rather than just buying bitcoin over the next 2.5 years as his income comes in.  The result of the decision could go either way.. and surely the terms of the loan if it is more harsh or it is more lenient could make differences in regards to entering into the loan.. and also if there are risks that the guys income could dry up, then he has to account for those kinds of back up plan situations in regards to how he would service the loan if those kinds of additional stresses were to happen... if the guy knows he has a good income and he knows that he even has back up income that he could do if his primary income dries up, then he is in a stronger position as compared to a guy who might be thinking about going to university and quitting his job or he might have less ability to be assured about his income in the coming 2.5 years, then he might be more hesitant to enter into such debt.

[Spaceman1000$]

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 on this, some people doesnt understand what loan is meant for, as a matter of fact before anyone access a loan facility or individual loan, such person should have consider a means of paying back such loan to avoid indebtedness, you don't get a loan just because you heard that MR A got a loan and it favoured him in achieving whatever purpose he got such loan for, in the aspect of accessing a loan for Bitcoin investment or whatever investment one want to go into I will only support this if the person involved understands how to manage financial risk and also have the ability to plan with the amount available to enable him or her process whatever idea he wants to invest on to a realistic investment then such person is good to go.
Loan is meant for people who are not financial reckless that are ready to turn any amount given to them into some good amount not people whose purpose of getting a loan is to invest in something that may keep them financially stranded in a short while if care is not taken.

When a person calculates the advantages and disadvantages of getting a loan versus not getting a loan, there might not even be a very great difference between the two options.....

For example, one option is to get the loan, let's say the loan is for something like $12k, and the payback period is over 2.5 years with a minimum payment on the outstanding balance of 1.5% per month with a balloon payment (of the remaining balance at the end of the 2.5 years), and the interest rate is 6% per year compounded daily.  Maybe there is also a $50 origination fee.. and no penalties for paying back early.  

The person can figure out the terms of the loans and figure out if he wants to get the loan, and perhaps the purpose is to build his credit but also he wants to front load his investment into bitcoin, and maybe the bitcoin price will go up in the next 2.5 years and maybe it will not. so he considers the cost of frontloading the investment to be the interest rate and the fees.. and so if his monthly  payments are starting out around $180 per month, and then he will have had paid nearly half of the loan over 2.5 years, and maybe he still would owe something like $7,500 at the end of 2.5 years, and he might have to figure that he is buying the bitcoin in advance, and he is paying back the loan with his income as it comes in.. and then he just has to make sure that he has $7.5k-ish and that he is not depending on the bitcoin price to go up in order to make that remaining balance.. .. sure if the bitcoin price goes up during that time, that is fine, but he is not dependent on the bitcoin price going up since he can pay back the loan either way.. so he is not gambling, but he is making a calculation about whether it is going to be worth around $1,800 extra for him to be buying the bitcoin earlier rather than just buying bitcoin over the next 2.5 years as his income comes in.  The result of the decision could go either way.. and surely the terms of the loan if it is more harsh or it is more lenient could make differences in regards to entering into the loan.. and also if there are risks that the guys income could dry up, then he has to account for those kinds of back up plan situations in regards to how he would service the loan if those kinds of additional stresses were to happen... if the guy knows he has a good income and he knows that he even has back up income that he could do if his primary income dries up, then he is in a stronger position as compared to a guy who might be thinking about going to university and quitting his job or he might have less ability to be assured about his income in the coming 2.5 years, then he might be more hesitant to enter into such debt.

I like the in-depth analysis and the figures you've been able to display about the realities of getting a loan, It is always said that "he who goes borrowing go sorrowing", so I'm not surprised about the stringent repayment conditions I've read because that's always the reality whenever you want to get a loan, except it's a soft loan and the lender is a bit lenient.
If the person that is borrowing $12k is to pay $180 for every month for 2.5 years that's two years and five months, the total money he would have repaid would be around $5,220 with a balance of $6780 plus the compounding interest that will be counting, i believe it will take him close to 3 years or even more for him to totally repay the entire sum.
So for me, I would rather suggest he doesn't take the loan in the first place, except he has strong financial backing that can take him throughout that period of loan repayment.

[JayJuanGee]

[edited out]

If the person that is borrowing $12k is to pay $180 for every month for 2.5 years that's two years and five months, the total money he would have repaid would be around $5,220 with a balance of $6780 plus the compounding interest that will be counting, i believe it will take him close to 3 years or even more for him to totally repay the entire sum.

I gave a general overview that might not have been 100% accurate in all regards, yet I was attempting to describe a kind of loan in which there would be obligations to pay monthly (at 1.5% of the outstanding balance minimum), and that at the end of 2.5 years (which is 30 months), the guy would have to pay the totality of the loan - and surely if he did not pay it, then there would likely be additional penalties that would be described in the loan contract. In other words it is not going to take the guy 3 years because the loan does not provide such option to take longer to pay.  Of course, a person might be able to negotiate some differing conditions for the loan, yet for normal peeps, it can sometimes even be difficult to get loans that are as long as I mentioned with those kinds of terms, and surely there can be different possible loans that might depend on collateral (such as equity in a house or equity in a car), and there might be other kinds of loans that are more personal loans, or even student loans might mostly be based on future earning power, and student loans might have longer terms since they might be sponsored by governments, and so there can be various kinds of loans that may or may not be negotiable and may or may not allow for longer terms than the example that I had mentioned.

[TEBTC]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

[Familian]

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 on this, some people doesnt understand what loan is meant for, as a matter of fact before anyone access a loan facility or individual loan, such person should have consider a means of paying back such loan to avoid indebtedness, you don't get a loan just because you heard that MR A got a loan and it favoured him in achieving whatever purpose he got such loan for, in the aspect of accessing a loan for Bitcoin investment or whatever investment one want to go into I will only support this if the person involved understands how to manage financial risk and also have the ability to plan with the amount available to enable him or her process whatever idea he wants to invest on to a realistic investment then such person is good to go.
Loan is meant for people who are not financial reckless that are ready to turn any amount given to them into some good amount not people whose purpose of getting a loan is to invest in something that may keep them financially stranded in a short while if care is not taken.

When a person calculates the advantages and disadvantages of getting a loan versus not getting a loan, there might not even be a very great difference between the two options.....

The risk in the  aspect of the choice of " versus not getting a loan", also does greatly depends on what the loan is to be meant for. If it's an opportunity that is sure of resurfacing again later in the future then not taking a loan does really possess any form of a significant disadvantage, because you still have room to hustle and gather some funds for tue next time of the opportunity. Take bitcoin circle for instance, those that missed the opportunity of buying when bitcoin was $56k and therefore missed out on the profit when price increased to $108k setting a new ATH. Such individuals right now, than having FOMO and taking loan to invest ASAP they could decide to not take a loan but go into DCA buying in Satoshi's as little sum as their finance can carry and by the time we get to another bitcoin circle 3-4 years from now they would have gathered  much bitcoin and also make profit by then,instead of spending those years worrying on repaying loan which could be more burdensome than DCAing strategically.

[Zackz5000]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

How do you reason to hodl shitcoins for long or why trying to put your money into shitcoins moreover this is not a shitcoins discussion thread so it is better you stop using the word Crypto in this thread in other not to be a misleader of newbies and to your self, bitcoin is the only coin that has a great potentials to invest on and hodl for long and stop giving a shit about crypto in this thread because we have nothing to discuss about crypto here so don't get distracted and focus only on bitcoin so have it in mind  that we are not talking about crypto and lets talk about bitcoin because mentioning crypto here is like encouraging people to invest into shitcoins because not been specific about the coin you are talking about for it is better to call bitcoin bitcoin and shitcoin shitcoins rather than saying crypto.

[JayJuanGee]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

You come off as lost referring to shitcoins and trying to suggest that there is any value to be "in" shitcoins. 

Maybe if you knew about bitcoin and how to focus on bitcoin first, then maybe you could at least start to become more informed abut what is bitcoin so then you might start to sound less dumb when you are spending a lot of time referencing shitcoins or talking in vague terms about crypto, as if there were such a thing that actually exists apart from specifying bitcoin and perhaps learning how to use the word bitcoin in a sentence, which might help you to be a wee bit less vague.  Perhaps? perhaps?  I have troubles figuring out if their is any way to salvage folks who talk in vague bullshit terms and throw around the term crypto as if it were to mean something, when they have not even properly mentioned how the term crypto might relate to bitcoin, if at all.