Do not borrow money to invest in crypto

[nadyn]

Never borrow money from a bank to buy cryptocurrency. Only free money that you are not afraid to lose. Let it be less, but without risk!

[David0]

It Absolutely, mediator will be crucify once the investment dive to ground. People who trusted you in investment will not forgive you forever and ever. Hahaha
Borrowing money from family, friends, or from friends of friend is a bad idea not unless you are sure enough that there will be bullish soon.
If they are your best friends at the same time crypto enthusiast. You have the same mindset, so to borrow money for investment isn't bad.
It is also depends on what kind of friends you have.

[bayiajaib]

Never borrow money from a bank to buy cryptocurrency. Only free money that you are not afraid to lose. Let it be less, but without risk!

Yes, I agree invest in crypto is more risky. don't borrow money to invest in crypto currency. if you have free money you can get it to invest in crypto currency. We all know every investment has risk, So We must be careful..

[viki]

This is the correct position not to borrow money for cryptocurrency. Many people took out loans for cryptocurrency and were left with large debts to the bank.

[Debasco]

you  are right because crypto currency is not an investment that one can borrow money to invest, because the time ROI is not predicted and every loan have maturing date, which might be mismatch when one invest in crypto.

[innerpumper]

The market is volatile uptrend now downtrend later.
Too risky with respect to investment especially for beginners. Aside from reading, beginners wants to invest to earn money due to what good and easy thing they have heard from seniors earning money in cryptocurrency investment. They thought it is just easy as they think.

When the market is on progress to pump and you aren't sure if bullish will take place in the next days.
Don't borrow money to invest in cryptocurrency. It is not recommendable to borrow money from your friends to invest in volatile and soo risky place. Save yourself from dept and interest. Do not invest the amount of money you cannot afford to lose.
Ask yourself if you deserve to invest the money you borrowed and what if you will not succeed? Can you handle that and will not think to suicidal thoughts?

I feel that by borrowing money. It signifies we will trade using emotions. Staying up late with those emotions will make us lose so much. Many of the community told me "use cold money when trading" this is so that when we lose we will not be depressed.

[rizqillah]

I feel that by borrowing money. It signifies we will trade using emotions. Staying up late with those emotions will make us lose so much. Many of the community told me "use cold money when trading" this is so that when we lose we will not be depressed.

I think It is difficult mate, because we must be keep calm when   the  market is going down, we can do anything. Because we must pay you money that you borrow. I think It is not good idea borrow money to invest in crypto currency

[whyrqa]

I feel that by borrowing money. It signifies we will trade using emotions. Staying up late with those emotions will make us lose so much. Many of the community told me "use cold money when trading" this is so that when we lose we will not be depressed.

I think It is difficult mate, because we must be keep calm when   the  market is going down, we can do anything. Because we must pay you money that you borrow. I think It is not good idea borrow money to invest in crypto currency

Knowing the current trend of the cryptocurrency market, I would gladly take a loan or borrow some amount to invest in Bitcoin or Ethereum at the end of 2020. But it is a pity that there is no time machine.

[Kseniya17]

All people have different emotions. For example, after being fascinated by cryptocurrency, I think of borrowing and buying bitcoins)))

[H2O]

Never borrow money from a bank to buy cryptocurrency. Only free money that you are not afraid to lose. Let it be less, but without risk!

I don't prefer to borrow money from others sources because if I don't get any benifits from trading or investment then how can I should pay my borrowing money.

[jhm]

Main reason to not borrow is we're in an uncertain, sometimes crazy market. Borrowing assuming your bag goes up, and if it doesn't, you're in the hole. Even borrowing fiat on lending sites for crypto, not a fan

[monig18]

Agreed. It is very worst decision to take entry into crypto with loan.Many peoples do so and they are suffering this.No one knows about market condition due to its volatility.Always invest with your own money and that money which is not in your daily use.

[batishta10]

I support these words. This is the basic principle of investing. And don't invest everything in one asset just yet. Better buy a few coins for the full amount.

[nicecrypto]

The market is volatile uptrend now downtrend later.
Too risky with respect to investment especially for beginners. Aside from reading, beginners wants to invest to earn money due to what good and easy thing they have heard from seniors earning money in cryptocurrency investment. They thought it is just easy as they think.

When the market is on progress to pump and you aren't sure if bullish will take place in the next days.
Don't borrow money to invest in cryptocurrency. It is not recommendable to borrow money from your friends to invest in volatile and soo risky place. Save yourself from dept and interest. Do not invest the amount of money you cannot afford to lose.
Ask yourself if you deserve to invest the money you borrowed and what if you will not succeed? Can you handle that and will not think to suicidal thoughts?

I wouldn't advise this as well, that is a very risky thing to do, you might end up losing money you did not enjoy and have to pay back too. However, if you really know the market position and you confirmed yourself a really good trader but just in short of funds, I think part of your borrowed money can be invested in crypto and knot the particular project you are investing on too while other funds can be into some investment more stable.

[Andruha1993]

I have never borrowed money from anyone, much less borrowed to invest in crypto. Therefore, I think this is wrong and also never took out a loan. And I advise you not to do this either.