If you want to get into BTC but do not have readily available cash and a loan will not financially stretch you, then you absolutely should consider getting a loan in an attempt to better your life.
It’s highly likely that over a 5 year term your BTC will outperform your loan anyway. No guarantee ofcourse!
The stigma of getting a loan for BTC needs to end. People use loans to buy cars they cannot afford to buy in full; they buy luxury items like jewellery, watches and even cosmetics. The whole point of a loan is to bridge that gap after all.
Getting a loan for depreciating assets makes far less sense than using money to invest in your future.
“But people need cars!” Yeah sure, they don’t need to get a massive loan to buy a car they couldn’t afford to pay in full. They could have not got a loan and bought within their immediate means.
BTC is a perfectly fine reason to accrue debt. You cannot change my mind.
- I did not accrue debt FYI, but I would if I needed too
submitted by /u/Jayrovers86
[link] [comments]
