Borrowing money to buy Bitcoin never ends well
Discussion
It does if the loan is for longer than a cycle and the rate is near 0.
you mean currency. Right?
If you don't have the money, you definitely can't afford to lose it.
Depends on the timeline and weather or not it is collateralized. it falls off your credit report in 7 years.
That's 2.2 havling cycles.
If the plan is to max out credit cards and retire in South America you might be alright.
It is a way of getting yourself into complete bankruptcy but to say it never ends well is wrong, too. There is many degens that ape in with leverage and come out ahead.
Depends on your cash flow, its reliability, and your ability to responsibly service your debt.
If all of those things align properly, the CAGR of bitcoin would suggest borrowing money to buy bitcoin literally always ends well.
But most people are debt adverse and irresponsible and irrational during volatile times.
