steemit is not a valid source! people post there to get paid so they try their best to post something that gets more attention even if it means providing false or exaggerated facts.

besides people who invest in bitcoin aren't really publicly releasing statements about where they got the money from so that we have any statistics whether they are really getting mortgages or not.

This move will get you in trouble in no time. Just spend what you can lose, and never ever touch your lifeline(savings) for you will never know when emergencies come. Being in bitcoin means you need to be wise and watch for those traps, we can't be carried away with our emotions and control it as long as we can. Live simple for now and you'll see you won't not that much money to live by, let your coins grow may it be BITCOIN or ALTCOINS (MINE IN DEEPONION) and sooner you will see that your future is getting brighter.

Bitcoin prices continue to increase making most speculators worried about events like 2010-2013. That's why I prefer trading in the short term - we will never know what will happen to bitcoin in the future. With short-term trading we can reduce risk, even so we don't "kill" the possibility for long-term investment.

That article cites the FT as a source without giving a link for reference, I'd like to see the original piece as it's probably based on anecdote rather than evidence. With ever-increasing property prices in the UK, it's not really at all uncommon for wealthy people to remortgage to release equity. That some of it will find its way into crypto is not in the least surprising either.

This is certainly not the ideal choice for taking debt for btc. BTC is very volatile as we all know it. Yes it could certainly give fantastic returns no doubt about it, but just in case if something bad news comes and market falls and takes couple of years to recover then you are in catch 22 situation. Either you sell in loss and pay the debt or else you will hold in anticipation of further rise.

This is not a good development actually but I doubt such a kind of source as Steemit is not a news site and just an opinion and ideas site where people can claim anything they have in mind. Now, granted that this can be true, then maybe there is a need for people to get educated of what they are getting into because even if we are maintaining a bullish stance on Bitcoin there are always inherent risks in nay kind of investment vehicle and Bitcoin is never an exemption on this rule.

We have already enough speculations in Bitcoin and adding more weight on the boat may not be the best idea as of now. However, it is quite difficult to determine if one who is buying Bitcoin can be speculator or or a long-term holder. And since we are aiming for mainstream acceptance, we do welcome speculators anytime anyhow. We can see how resilient Bitcoin in this case.

Not really. Secured mortgage lending is about the cheapest way of borrowing there is. For someone who is sitting on a large amount of equity in property and has an income that can easily sustain the mortgage payments, it makes more sense to leverage their investments this way than any other method. I wouldn't describe leveraged investing as a bad idea but it is for the more risk tolerant, ie those that can afford to lose it.

I agree, you should always check your sources carefully and if possible consult multiple sources to verify your story.

Taking a mortgage out is extremely risky but is their decision. I personally wouldn't do that.

I wouldn't call these people entrepreneurs anymore. Taking a mortgage simply to invest in a highly speculative thing like bitcoin? That comes much closer to gambling to me.

If the trend continues they will reap the rewards ofcourse, but who knows when the next bear market will start? That can be a long painful ride for them when it happens.

The fact that they need to mortgage also shows me that they don't have the financial means to invest in "cash", which makes it even worse.

Exactly the point. If they have a secure job and can comfortably make the repayments every month then there is very little risk at all. Why leave all that equity tied up in your house when you could potentially make a good return on it.