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    Author Topic: If someone you introduced to BTC says the risks of her funds is on you  (Read 1265 times)
    wiss19
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    May 01, 2024, 06:20:32 AM
     #121

    Your heart is really kind, friend, you still care about other people getting rich from bitcoin, but I read your story above. Your neighbor is very afraid of losing his money. What I want to ask you is how much money your neighbor has? Do you have a fixed income? If I were you, I would borrow your neighbor's funds if your neighbor allowed it. I will return it at the agreed time. You have to remember here that you have to have a steady income to pay in installments and so that they believe you will pay it off. Then you can buy the whole thing at a moment like now when prices are decreasing. If you succeed, you just have to prove it to him, of course he will regret not following your words.
    It's hard to believe what we hear until we see something, it's not so easy to believe what other people say is true until someone makes a profit from investing in Bitcoin. Keep telling him all day long that you will get profit in the future, and he still won't believe it, so I also agree, but taking a loan from someone and investing in Bitcoin is not safe for me. Since Bitcoin is a long-term investment and it is also possible that the invested money will go to loss and it will take a long time to recover it, therefore one should never trade by borrowing from anyone.

    As you suggested you should have enough income to pay back the amount in instalments, so I would say if you have enough money to pay back the borrowed amount in instalments then it is better. Instead of taking a headache, invest in Bitcoin in portions because doing DCA is better than buying it all at once.
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