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Cryptocurrency discussions / Re: Cryptocurrency good or bad for loan?
« Last post by yohananaomi on Today at 04:56:27 AM »It would not be wise to take loans from banks or borrow money from other sources to invest in cryptocurrency. Owing to the volatile and manipulative nature, there is no guarantee that you would make profits.In that case, you may face difficulty in repaying your loans. Only invest in crypto, if you have got spare funds that you can afford to lose.If you have more funds, of course it will be better, but it does not rule out the possibility of borrowing from the bank for investment if we are able to pay the installments from the loan made. When you want to use a loan, you must also analyze carefully when to start making the best investment [for example: like now after the halving], because with good analysis it will certainly speed up how you can get profits to pay off debts.
Once again, the option of borrowing is not bad, but if you don't have the ability to pay the installments, it's better not to do it because it will create new burdens.