Cryptocurrency good or bad for loan?

[yohananaomi]

Honestly, crypto loans can be beneficial during a bear market. If the collateral value drops and the APR isn't high, you may end up paying a lesser amount back over time. However, if you are lending, you might not earn enough profit unless you are lending out a stablecoin.
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If at that time, as you said, of course, it is very important to be able to get good results from every loan you get, because you buy at a cheap price and will let go when the price increases again.
But what if not in a situation like you said? I think as long as we can pay the loan in installments properly there is no problem, and you can do that. I think borrowing for better profits is an investment that is highly recommended and worth doing.

[$crypto$]

Exactly, it's better for us to trade using the money we have instead of having to trade from debt which will make us always think that with the money we borrow, life will become uneasy because we will always be looking at the conditions of the exchange location.

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

[Cryptsafe]

Exactly, it's better for us to trade using the money we have instead of having to trade from debt which will make us always think that with the money we borrow, life will become uneasy because we will always be looking at the conditions of the exchange location.

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

I was able to ask few people questions with respect to borrowing and this was their ideology for their actions; one told me that he borrows for trading because doing that would give him the sense of reasoning that he would have to make out something of it by all means making sure he does everything right and I began to wonder if they really know what it means trading and I asked him about his experience with trading and to be frank what he told me was shocking and not something that should warrant him to go borrow for trading.
I think people do not really think before they go borrow for trading. They forget themselves so easily that they do not know or remember how volatile the market could be.

[Gurujebs]

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

If it's not emergency issues like health issues and tuition fees that do has deadline of payments, I haven't seen that thing that will make me take loan, doing it for crypto is the least I will ever try because for what exactly? Nothing is certain here and no matter how one plans itself, crypto has its own plan and because you don't control the market, there are thousands of uncertainty that will not end well.

If I want to invest in crypto and I don't have the means to buy it with my own money, I will give it a break and buy when I have the money. Investing with loan money will be a load on the head and you will also be having constant reminder. Don't forget there is interest rate that will continue to accumulate on it pending till when you pay back. It's a stressful journey.