Some comments towards the man taking $60k in personal loans to buy Bitcoin

in bitcoin •  2 years ago 

Man bought bitcoin at $24k with $60k in personal loans...

I like this move, it's ballsy.

He took out personal loans to buy bitcoin on the lows.

Here's some of the comments related to the move:

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(Source: https://cointelegraph.com/news/redditor-up-25-after-boldly-taking-out-59k-worth-of-personal-loans-to-buy-btc)

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The thing is, he is correct this time.... i hope he sells at the high soon and pays off the debt.

And then has some bitcoin left in pocket, survives the crash, and then watches in peace as bitcoin goes up and up.

Still, so many have done the opposite, take out loans to buy bitcoin at the last high.

It's practically Russian roulette ;)

That is crazy. Doesn't seem prudent at all.