I heard stories about people getting loans so they can invest in crypto. And you know when they did that? Late 2017? They got loans to buy Bitcoins at an All Time High because of FOMO. Wtf people?
I heard stories about people getting loans so they can invest in crypto. And you know when they did that? Late 2017? They got loans to buy Bitcoins at an All Time High because of FOMO. Wtf people?
Oh absolutely. These were level 1 people who heard about cryptos at the heights of the hype so to speak. Without any research they dived right into cryptos. Doing that was not a bad move..but getting loans to invest in crypto after a 3000% + gain for the year..well thats just stupid. Loans must be paid back. But someone who bought Bitcoin at 20k and is a hodler..no worries IMO. Not the BEST price of course, but still a neat price in a year or so when we look back from 50-60k.