Cryptocurrency good or bad for loan?

[vs2014]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

[Evgenklm]

Cryptocurrency is not permanent, and I don’t think it’s possible to live only on it.  But it’s very suitable as an additional form of income or hobby.  Although I follow some bloggers on social networks and I can confidently say that they make very good money from this and do not work at all, their main income is cryptocurrency.  So it depends from which side you look at it.

[Thyplaymaker]

I won't encourage it though. Because we all know that trading or Investing with your hard earn funds can be scary sometimes but imagine trading or investing with someone else's funds when you know what you are doing is two way either you gain or you loss. The reason of taking loans the first place is either you have lose your funds from careless investment before or your looking for some funds to add to yours to accumulate greater profits. Either way is not still safe because you trying to use loans on cryptocurrencies when your not too sure if it may end up good or you also lose it like when you lose your previous funds expecially for day traders. That why is always advisable to use cash you can risk to lose in things like this. So IMO I don't think Is good to use loans mostly when know if you lose the loans it will be a difficult task to you to pay back.

[MrSpasybo]

Investments should only be made based on available capital or loans that we can handle. Borrowing to invest in risky markets like crypto is not a wise decision or recommended.

Many people put profit before risk, and when the worst happens, assets like houses, cars, or even lives cannot be saved. What's worse is that the future of family members is also burned. Every investor needs to control their own greed in the face of market temptation.

Crypto market also has a Loan service, but I don't think at this time it can enter the traditional economy for people to easily access to accelerate their own plans. People I know often lock tokens to borrow USDT and invest in another token to optimize profits. Obviously, everything is still in the crypto market with high speculation.

[Jaephoenix]

Why would someone take bank loans to invest in crypto? Thats madness! Crypto is something that cannot be predicted and is too risky. I don't invest more than I can lose, and the biggest I have invested is five thousand dollars. I am not that rich. Now he is in trouble for loan defaults

[Geey]

Those who take loans from banks are not good, in fact they will pay them at the time they promised the bank, it will add to their burden in the future and if there is no return from their investment from the money they borrow, then they will be confused about paying it... be careful Be careful when investing in crypto so that you don't suffer huge losses so that you can't pay your bank debt and my advice is to look for more information about the coins you are going to start investing in.

[sampoerna]

Crypto investment is indeed quite promising. Therefore, many people are interested and ultimately decide to invest even though they don't really understand it. well the problem is here. when they don't understand enough and are ready to invest, they might make quite serious initial mistakes. one of them is taking loans to invest, especially in shit coins. this will be very dangerous. because there is no guarantee that you will make a profit quickly, you could even lose money because of the rugpull project. Therefore, we have to be careful about what we are going to invest in and how we choose coins and how to get money for investment. believe me, taking loans for crypto is high risks.

[Tribalchief]

Do not borrow to invest . I repeat: Do not borrow to invest .
Due to the volatility and manipulative nature of the crypto market, borrowing to invest is clearly a misguided idea that should be halted. Although investment outcomes can vary, taking such risks is not advisable. It's better to invest with the little funds you have, and also make profit without exposing yourself to a situation where you can't hold anyone accountable for potential losses.

[Sim_card]

It is not ideal to take a loan and invest in crypto because it is unpredictable and very risky because of their volatile nature. There are some coins that will not survive in the market for long and if you invest in such coins, you will regret your actions. Another disadvantage is that because you took loan, you will not be able to calm down and invest in a coins that has great potential or that has lasted in the market. Instead, you will be looking for a coins with very high profit due to greed so that you will be able to pay back the loan and still make good profit, which you will end up making the wrong decision. Crypto shouldn't be used as a full time work but part time so that you don't get disappointed and the crash of the market during the bear period.

[Baofeng]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

I'm not sure if it is advisable to make loans and then invest in crypto, although there are some authors who says that you can do that, but for me I'm not going to go that measures.

As you have said, how can someone pay their loans if their money is lock in crypto regardless of short or long term?

You can only do that if you have have other source of income that is stable, that can bring you money so that you can pay your loans and then don't bother to sell your crypto until it's necessary.

[owmivmen]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

If you invest in crypto using a loan, I don't recommend it because crypto prices are fluctuating and unstable. I usually invest in crypto every month using my salary or profits from trading.

[Jaephoenix]

It is always a bad idea to take loans on business ventures that are uncontrollable and unpredictable. Volatile markets like cryptocurrencies are not what someone should borrow against, especially an unforgiving institution like our traditional banking systems. I would only borrow if I am so poor and wretched

[gunhell16]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Usually, there is only a loss if the borrowed money is not used correctly. And here it enters the eyes of others that the borrower is bad because he did not use it correctly. There are others who have good intentions in their minds to use the loan to build or start a business, but when it comes to reality, it is not carried out according to the original plan.

So if you're this type of person, it's better not to worry if something like this bothers you. If you are going to borrow, you must have a source of income that you can use to pay the money you will borrow. So that neither you nor we will have a hard time in the end.

[alltalk]

It is always not recommended to invest in crypto coins with loan money. If you still can't invest in big amount of money, just invest in the money that you are capable to invest in. We must always remember that crypto investment is a high risk, there is no guarantee for profits. So, it will be too risky to use loan money, how if we fail to get profits? We don't only focus to think about the potential profits. But we must think of the possible losses, too.

[Geey]

Do not borrow to invest . I repeat: Do not borrow to invest .
Due to the volatility and manipulative nature of the crypto market, borrowing to invest is clearly a misguided idea that should be halted. Although investment outcomes can vary, taking such risks is not advisable. It's better to invest with the little funds you have, and also make profit without exposing yourself to a situation where you can't hold anyone accountable for potential losses.

It's absolutely true, don't borrow capital from the bank because it will increase your bills and borrowing capital from the bank will definitely have interest. It's best if you want to start investing, start with the capital you have, even if it's small, it's okay, don't borrow capital from the bank, it's not good. In my opinion, investing doesn't require a lot of capital, with a little capital you can also invest by saving long-term altcoins.