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RE: Borrow to buy Bitcoin?

in #bitcoin8 years ago (edited)

I agree the trickle investing method is better, unfortunately it multiplies the fiat to crypto costs. For example I have to pay £10 SEPA fee to get my money to a foreign account of my crypto exchange, so this adds quite a % unless its a decent chunk of money. Of course there are ATMs or LocalBitcoins but the rates arent great.
But those costs are lower than losing your home...

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Yes it's true, in a bull market like this, it's better to put in the money in bigger chunks to save on some of the losses in fiat, but over time, I think it's better to spread it out to be less emotional and more logical about it.

Indeed, emotions are the real danger