Taking bank loan for bitcoin? Suggestion

Nov 4, 2017
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#1
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?
 

Quantt

Active member
Jul 23, 2017
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#2
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...
 
Likes: IceMan
Apr 4, 2016
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#3
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.
 
Apr 4, 2016
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#5
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.
 

DionysusToast

Well-known member
Dec 6, 2009
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www.jigsawtrading.com
#6
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....
 

Kaeso

Active member
Oct 4, 2015
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#9
Nov 4, 2017
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#14
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....
I am from India.. they will throw me out of my house if I fail to return their money.
Current price is $7500 wtf, how far it can go? Economists are saying that it will reach $15000 by March 2018 and It can go upto 100k in next 5 years.
 

new_trader

Well-known member
Jan 1, 2006
6,166
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#15
Wisdom of Millennials

I am from India.. they will throw me out of my house if I fail to return their money.
Current price is $7500 wtf, how far it can go? Economists are saying that it will reach $15000 by March 2018 and It can go upto 100k in next 5 years.
The Millennials keep telling me I'm crazy for buying gold & silver because Bitcoin is the future...those Millennials are so wise! (y)