Never invest more than you are comfortable to loose, quite a few investors and traders used to say back in the days when referring to crypto and BTC. Such assets are highly volatile, unpredictable and can get you rekt if you don't know how to play the game right.
There are individuals in this world who have risked it all for BTC, and the Bitcoin family is such an example, a couple from Holland and their three daughters, sold everything they had, bought BTC with all that money and are now traveling the world, spreading the word about BTC and enjoying their freedom.
I've heard of them since 2017 and I don't know exactly what their entry point in the market was, but I assume they're on profit at the current levels. There is one guy on twitter, Peter McCormak, if I'm not mistaking, who was tweeting a few days ago about him taking a $46,000 bank loan to buy 2.55 BTC.
How about that?
Credit for crypto, sounds a bit like of a too high risk, but considering the time he is doing that he's actually a good investor if you ask me. Whether BTC will make new ATHs this year or not, doesn't matter that much, once you zoom out and see the bigger picture. The way I see it, it could even drop to a few grands and consolidate for a while, but the trend is clear, the bull market is rolling and in probably less than a year from now we'll have a new peak to celebrate.
Taking a credit for crypto might be a not so wise move, during a bear market because those times are not too good investment times, you never know how low will it go, and you might have a deadline to pay that credit that will probably won't make this move a smart one if caught off guard. A few months prior to halving, or after it, I consider that borrowing money for crypto would not be a bad idea at all.
I would do that instantly if any bank would give me a loan, as I am 100% the crypto market will replicate next year what's done in 2017. I truly believe that the halving is a strong catalyst for bull markets and history has proved that quite well. Hence, the 2.55 BTC that Peter bought a few days ago might turn into $250,000 in a year from now, making his move quite a smart one.
I see this game as the ultimate dissing the banks one also, as you're getting money from them to buy BTC, pay them back and still be on profit quite massive, if history will repeat itself at the same magnitude.
I know people who are taking credits for cars that depreciate in value a lot in just a few years, for gadgets and vacations and also real state. While real estate might be a good investment some times, although it's not always like that, liabilities as the finance guys call them are definitely not worth borrowing money for.
The question now is: would you take a credit to buy Bitcoin now or in the near future?
Thanks for attention,
Adrian
