I did this back in March 2020. When Bitcoin had that crash almost to $3k I took one of my credit cards and did a huge purchase then did a “DCA” over the next 12 months to pay it off with a 0% balance transfer with a one time 5% fee. When BTC went to $69k it was an amazing trade in fiat terms I could have easily sold the BTC to cover the credit card but I didn’t. I just used the cash flows from my fiat job to pay off the card and kept the sats in cold storage

So you mean like food etc?

So you had a monthly limit on that card and the rest you didn't spend in that month went into bitcoin?

No, the price could drop to 0 and I wouldn't have a problem since I still earn fiat and have no other liabilities except a credit where I pay 25€ per month but I don't see this becoming a problem. The only problem I see would be if I lose my job, but that's a risk independent of bitcoin's price in my opinion. And I would have bigger problems then. I also feel pretty safe in my job (or easy to change jobs).

So I could tolerate the bear market indefinitely pretty much.

I basically just want to put my money where my mouth is without doing anything seriously stupid, haha

Oh, I somehow missed reading that before

Haha, yes, that's exactly what I meant with

I would love to take out my pension fund to buy bitcoin but where I live, you have to exit your country first...

But thanks, that's what I wanted to hear: if other people did it as well

Examples (only researched a single bank yet):

1,500€ for 12 months, 1.99% interest per year (1.97% debit interest rate): 126.34€ per month

(However, my calculation of (1500 + (1500 * 0.0199)) / 12 gives me 127.49€; not sure where the difference comes from)

126.34€ per month is too high for me. Increasing it to 24 months:

1,500€ for 24 months, 4.49% interest per year (4.40% debit interest rate): 65.41€ per month

Now the interest rate is quite high imo.

However, the interest rate does not increase if I increase the term:

3,000€ for 60 months (5 years), 4.49% interest per year (4.40% debit interest rate): 55.81€ per month

Also not sure if "debit interest rate" is the correct translation. It's called "Sollzins" in German.

Then I'll buy more with my next salary. I am confident enough to take the risk. I think I am going to do it. Just have to research my best options.

Yes. But the fundamentals are still the same.

I think it's "risky and gambling" if you don't know what you are doing.

They will probably ask it, but you could say it's for miscellanous expenses. E.g. buying a bicycle or smth. They don't need to know what it's for. Only that you can repay them.

No. Never tell to the bank what you gonna do with your money. Invent whatever any other reason / destination. Will be interesting to see if they will give it to you in cash.

You should watch this nice spanish movie (EN subs) El concursante about a guy that won a lottery but the bank is not giving him cash, but a lot of "credit" to spend. Very good movie.

BTW, be aware, when you go to a bank for a loan, in the moment you sign the papers, that credit was already sold as a debt to others, so you actually pay for a debt that it doesn't exist anymore. I know a case when the guy, get back to the bank and send them an official letter to prove the source of the money in their balance sheets from where they gave him that loan and what was the damage done if he will not pay it back.

After some letters fight back and forth, the guy won and never paid back the loan. I will look into finding the video, is quite old, where the guy explained all the story. In other words, they literally create new fictitious money with your signature.