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Accruing debt for depreciating assets like cars, luxury items or even cosmeticsis considered OK. So Accruing Debt for BTC is also fine! NFA ofc
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]
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
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