So I'm taking a 5000$ loan out to invest in BTC. I have about 2000$ in savings, which are there to stay...

So I'm taking a 5000$ loan out to invest in BTC. I have about 2000$ in savings, which are there to stay. Is there ANY reason not to do this, as long as I'm sure I can pay it all back?

yeah you can donate it and hope for a bigger donation back

Mega retard... use the 2k and put all in req, i put 1.2k euros into req and sit on 5k comfy now, want 50k though

You should never invest what you do not have. Loan money is not yours but banks. Earn the money first, then make sure you can lose it, then invest. Don't be a retard.

And for fucks sake, ignore bitcoin and invest in good technology. 3rd gen around the corner and you want to put money on 1st gen. You are gonna get your ass kicked if FairX makes BTC trading irrelevant in few months.

Loan=Rip

Kek. Guys, I'm not so much asking about the BTC investment as I am about the prospect of taking out a huge loan. I don't see much reason not to, but I guess there must be a reason people don't go out taking loans for just anything?

imagine how many burger you will have to flip if you cannot pay it back

I hope you're kidding

Only invest money you can afford to lose

Just use your stupid 2k and go long with leverage, dipshit. Same thing, just that the system will cut your loss at 2k instead of 5k. You'll have 0 wealth instead of -3k

Why though? It may not be my money but I can afford the monthly downpayment. What is there to lose?

If I wait another year for me to earn enough money, BTC will be out of my league (and so will probably most other coins taking off)

Bad idea.
Only invest money that you dont need.
Never loan money to invest.

Are you retarded?

OP here. I keep hearing two things:

1. Don't invest money you can't afford to lose
2. Don't loan money to invest.

I understand the first point. I figure I can afford to lose that money as long as I pay the monthly downpayment. Am I wrong here? How do you define "cannot afford"?

Now the second point. Can anyone please explain why, instead of just repeating the advice?

>What is there to lose?

$5000 + interest?

Invest the $2000 you own.

Get off my board, grandpa.

Well I'm sure you can also afford 30 years of down-payment on a 100k loan, but you would still agree it's completely retarded to take one and invest it in a super volatile, unregulated and irrational market, right?

always invest what you can't afford.

want a sure way to become/stay wealthy? take a mortage on your house and short/long crypto with 50x levarage on bitmex

Well, how bad can the compound interest get, assuming I pay back the loan by the set timeframe?

>retarded to take one and invest

But if I can pay it back over time, why is this such a big deal? Once I switch jobs over the summer I can easily afford to lose 5000$ over the stretch of the next five years (which is the downpayment period).

But why risk losing it in the first place? You have clearly no idea what's going on so you're pretty much taking a loan to go to the casino. Hell, even we don't have an idea what's going on 99% of the time/

>next five years (which is the downpayment period).

Now you're just trolling.

Because I've fallen for the cryptocurrency meme and believe in the technology. Experts are claiming cryptocurrency is here to stay, and that BTC, just by virtue of being first (amongst other things), will be The One Coin to Rule them All.

Explain

OP here. Am I to take the lack of further replies as evidence that there's no good reason not to do this?

I understand your criticisms, but the bottom line is: I can afford to lose 5000$ in the long run even if I don't have that money now.

The only parts that worry me are stretching the downpayment over 5 years and compound interest. Realistically, how badly can this fuck me over given that I pay it all back on time?