RE: BCH Breaking Out27 Jul 2025 22:04
Yep. if you borrowed money to buy bitcoin 10 years ago or whatever your talking incredible amounts of profit. most however can not hang on. and the money still needs to be paid back per month to the lender regardless of what bitcoin is doing per month. i think in the very early days when bitcoin had gone to 30 dollars and then dropped to 2 dollars or when it was a thousand dollars and dropped to 200 dollars. a loan and buying bitcoin at the highs at the time would of been terrible. all it takes is a person needing the money at that time, example loss of income, loss on other shares , cost of living etc and you end up with a loan with interest but with the price of bitcoin being smashed. however on the plus side if you just keep paying the loan and keep your bitcoin it would of worked great. so it depends on financial position at the time and over the long term and mindset.