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Debt Repayment vs Investment in Bitcoin/Cryptocurrency

When it comes to financial decisions, it can be difficult to decide whether to pay off debt or invest in Bitcoin or other cryptocurrencies. Both options have their pros and cons, and it’s important to consider all of the factors before making a decision.

Paying off debt is a great way to improve your financial situation. It can help you reduce your monthly payments, improve your credit score, and free up more money for other investments. Paying off debt can also provide peace of mind, as it eliminates the worry of having to make payments each month.

On the other hand, investing in Bitcoin or other cryptocurrencies can be a great way to diversify your portfolio and potentially make a lot of money. Cryptocurrencies are still relatively new, so there is a lot of potential for growth. Investing in Bitcoin or other cryptocurrencies can also be a great way to hedge against inflation, as the value of cryptocurrencies is not tied to any government or central bank.

Ultimately, the decision of whether to pay off debt or invest in Bitcoin or other cryptocurrencies depends on your individual financial situation. If you have a lot of debt and are struggling to make payments each month, then paying off debt should be your priority. However, if you have a good handle on your debt and are looking for ways to diversify your portfolio, then investing in Bitcoin or other cryptocurrencies may be a good option.

No matter what you decide, it’s important to do your research and make sure you understand the risks associated with each option. Paying off debt can be a great way to improve your financial situation, but investing in Bitcoin or other cryptocurrencies can also be a great way to diversify your portfolio and potentially make a lot of money.

43 thoughts on “Debt Repayment vs Investment in Bitcoin/Cryptocurrency”

  1. This is a common dilemma and can be related to ‘ taking out a loan to invest in Crypto ‘.

    •Investing is okay if you can get more on your investments than your debts are costing you as interest.

    •Paying off high-interest debt will always get you better return on your money than any investment

  2. Personally I’d want to clear all my debt. I get the allure of throwing everything into BTC now and it probably would pay off but its not worth the stress. I know we’re all expecting the start of a bull run in the next year or so, but you never know what might happen

  3. I do both, so I don’t miss out on anything, and I don’t bet on 1 horse. So I pay of my mortgage, and invest in crypto.

    Paying of my mortgage has priority, but I don’t want to mis out on crypto.

  4. I was debt-free until I took out a $16k loan to buy crypto a couple months ago. But the monthly payments are easily affordable and I’m a degenerate with a high risk tolerance. So definitely not financial advice.

  5. Well, I’d keep that 2.6% loan for as long as they let me. That’s easily below inflation… and your likely wage increases. Pay that off with cheaper devalued money in the future.

    The 10% car loan is kinda freaking high. That’s almost credit card territory. I wouldn’t sell btc to pay it off, but I’d get after the loan a bit aggressively.

    My general rule of thumb is:
    – Debt under 4% is good
    – debt 4-8% is meh, not great
    – debt above 8% is bad, got to pay it

  6. Everyone telling you to pay off debt first is wrong.
    There is no point paying off an interest free dept. You gain/ save nothing from this. If you’re able to overpay the car loan either monthly or a lump sum do that first. Your mortgage rate isn’t too bad but with interest rates on saving high it’s sometimes better to keep the money earning interest than paying it off. You can use a mortgage overpayment calculator online to work out if you’re better to overpay a mortgage or not.

  7. You should consider setting up a plan. Even if you decide to pay off your debt first, set aside a little even just a little for crypto. And buy a little bit of moon at least at least 10 bucks of moon when you DCA.

  8. In the high inflationary world we’re currently living in, debt gets cheaper since currency is devaluing. If it’s a low fixed rate I wouldn’t be in a hurry to pay it off, it’s actually saving you money. Your debt gets smaller as inflation rises. The rich do this all the time when they know inflation is ramping up, go into to debt, buy assets and ride out inflation. Now I’m not saying to go into debt to buy speculative assets like btc, but if it’s an existing loan I wouldn’t worry about it for now until inflation stabilizes.

  9. Your math looks good. It could work, sure. The thing is, you want to pay off the debts before alternative investments because of one variable you haven’t figured into your math. Life. You never know what will happen. You total your car, your house burns down, a loved one becomes ill and has to movein with you, you find yourself on the wrong end of accident or litigation and end up defending yourself in court. You want that debt gone for the possibility of hardship you never saw coming.

  10. Okay I’ve read through the general consensus of the comments section and will provide an update on my behalf.

    First of all I already have enough BTC to pay off the 10% APR loan if I wanted to.

    I have approximately £1000 spare every month after living expenses including paying off current debts. I will have another £200 ish a month spare in a few months, I will be £500 a month better off in NOV 2024 when one of the interest free loans is paid off.

    I live in a low COL area, above average salary and I don’t really spend much on myself, other than the car and recent house purchase.

    I am for the most part frugal with my money and do not feel stressed with the debt I have currently, as it is well within my means to pay off monthly.

    As much as I agree 10% APR is on the higher side and would be a lovely guaranteed return, if I look at this logical I am struggling to see this outperforming bitcoin in the next 5 years.

    Even if it takes bitcoin 5 years to reach its prior old all time high (which I think most here would say that is an extremely conservative assumption), that investment strategy would outperform the car overpayment.

    Ultimately even if bitcoin went to 0, I would still be able to afford my monthly payments.

    Please do correct me further if you think I am deluded, but to me this seems like a financially sound move given the risk/reward here.

    Edit: Also FYI in the UK HP car loans are pretty much 10% APR as standard at the moment


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