Taking bank loan for bitcoin? Suggestion

This is a discussion on Taking bank loan for bitcoin? Suggestion within the Cryptocurrencies forums, part of the Markets category; Hi Folks, Last month value of 1 bitcoin was $3300 and now it is more that $7000 i am considering ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 4, 2017, 11:14pm   #1
 
2 Posts
Joined Nov 2017
Taking bank loan for bitcoin? Suggestion

Hi Folks,

Last month value of 1 bitcoin was $3300 and now it is more that $7000
i am considering a bank loan to buy bitcoin. What do you suggest?

Should I go ahead or wait?
Amanji is offline   Reply With Quote
Old Nov 5, 2017, 2:39pm   #2
 
Quantt's Avatar
Joined Jul 2017
Quote:
Originally Posted by Amanji View Post
Hi Folks,

Last month value of 1 bitcoin was $3300 and now it is more that $7000
i am considering a bank loan to buy bitcoin. What do you suggest?

Should I go ahead or wait?
Please don't do it, do not bet money you cannot afford to lose... this looks like the dot com bubble all over again...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
Quantt is offline   Reply With Quote
Thanks! The following members like this post: IceMan
Old Nov 5, 2017, 2:54pm   #3
Joined Apr 2016
In all pyramid schemes, you need to get into them as soon as possible. $7000 is nowhere near the top. Back in the days, a single tulip bulb was worth more than a house. So $7000 is just loose change.

If you do go ahead, please do a wabu style thread and report on daily performance. The funny thing is. I told wabu to jump into bitcoin but he didn't listen. Now he missed doubling his money or more.
EnlightenedJoe is offline   Reply With Quote
Old Nov 5, 2017, 3:22pm   #4
 
cbrads's Avatar
Joined Mar 2014
Did you invest in Bitcoin, did you double your money?
cbrads is offline   Reply With Quote
Old Nov 5, 2017, 3:42pm   #5
Joined Apr 2016
Quote:
Originally Posted by cbrads View Post
Did you invest in Bitcoin, did you double your money?
No, I don't do bitcoin. I am a geek and understand roughly the underlying technicalities. I see no economics. So it doesn't interest me. Even so, pyramid schemes work in most parts. The key is getting in early.
EnlightenedJoe is offline   Reply With Quote
Old Nov 5, 2017, 4:57pm   #6
 
DionysusToast's Avatar
Joined Dec 2009
Quote:
Originally Posted by Amanji View Post
Hi Folks,

Last month value of 1 bitcoin was $3300 and now it is more that $7000
i am considering a bank loan to buy bitcoin. What do you suggest?

Should I go ahead or wait?
Which country do you live in & what are the bankruptcy laws like.

If the downside is bank are screwed because you lost their money & don't have any assets - then go for it....
__________________
Yes - this IS a protest!
DionysusToast is offline Software vendor   Reply With Quote
Old Nov 5, 2017, 6:15pm   #7
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
When the collapse comes, Bitcoin at 7k is going to look very cheap.

http://www.zerohedge.com/news/2017-1...ptions-market-

1987 - a spectacular crash.
1997 - the Asian crisis.
2007 - the subprime crisis.
2017 - ?
__________________
Spreading the madness across this suite of forums.

Those are my principles and if you don't like them, well..... I have others.

Kin Dissers Everywhere
counter_violent is offline   Reply With Quote
Old Nov 5, 2017, 6:49pm   #8
Joined May 2016
Tulip Mania.
Signalcalc is online now   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Taking a bank loan out for Investing Bullz n Bearz Home Trader 23 May 22, 2007 11:18pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)