If you could get a loan at 7% interest which lasts 3 years and use it to buy Bitcoin, would you do it?
Discussion
No. Trying to time markets gets over 99% of people in trouble in the long run
Bitcoin wouldn't even need to make a new all time high for you to break even. A measly 73,500 would do.
id take a $10,000 loan at those terms and like earn $20k net profit!
Over 3 years assuming you're cash flow positive that would be very easy to repay irregarless of Bitcoin. But the upside potential is amazing.
I'm going to get pretty serious about it if we have a greater correction down and rates get lower.
I want to earn bitcoin. That loan is admittedly tempting, though
In a heatbeat & as much as they'd lend me.
That is, as long as it's not marked to market with the Bitcoin.
Yep!