Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: vs2014 on December 31, 2023, 10:43:24 AM
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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?
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
That's true, crypto currency isn't fix income, because crypto currency is unpredictable.
We can gain big profit, but it's every 4 years.
Maybe we can do daily trading to have income although small profit.
Crypto is still profitable for investment, but we should have other businesses in our real life.
When I have free time I'll do daily trading.
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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.
If you can avoid all forms of loans, that is something that should be appreciated. It is the right thing to do. Remember that borrowing will have consequences that must be fulfilled, namely an obligation to be able to pay it back. It is possible that this will not be easy to do and must be done on time according to the agreement made.
But borrowing also cannot be blamed if there are no other alternatives that can be done, as you say.as long as the intention to borrow is carefully calculated with calculations that can be profitable and can be accounted for as well as possible. We know that borrowing to increase capital in the form of additional investment is a normal and reasonable thing to do for almost all entrepreneurs, as long as it is calculated carefully and on target.
I think that if the investment is clear and profitable, then you can be sure there will be the ability to pay off the loan that has been made. Remember, if you don't have the courage to do the right calculations, you might not get that opportunity again.
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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.
That's true, crypto currency isn't fix income, because crypto currency is unpredictable.
We can gain big profit, but it's every 4 years.
Maybe we can do daily trading to have income although small profit.
Crypto is still profitable for investment, but we should have other businesses in our real life.
When I have free time I'll do daily trading.
There is no cryptocurrency that has a fixed price in the trading market, and there is also no fixed income here, and it depends on each individual how they will carry out their daily activities through trading.
You can only get a fixed income in crypto trading if you have a broad understanding and idea of trading in this field of the crypto space. Through day trading, that's the only daily earnings we can get. Cryptocurrency is profitable as long as you know the right procedures in this field of the crypto space.
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Some rules from the FIAT world can also be applied in crypto. For example, a loan is always taken out in the currency in which you receive your earnings and salary. So, for example, if your salary is in dollars, then the loan you plan to take should also be in dollars. If your salary is in Litecoin regardless of its value, then the loan should be in Litecoin
The same thing is true with any other currency, regardless of whether it is Indian Rupee or Bitcoin. Thus, the potential risks of a sudden jump in the value of some cryptocurrencies are significantly reduced.
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It is absolutely stupid to take out a loan to invest in cryptocurrency. There is a double risk here: the risk that the cryptocurrency will fall in price during the loan period and, in addition to losses from investing in cryptocurrency, you will also have to pay additional interest on the loan plus the loan amount itself.
In general, I try to never take out loans. After all, you can almost never be sure that the invested funds will bring more profit than will need to be repaid on this loan. When working with cryptocurrencies, you must rely only on your personal funds if you do not want to have financial problems.
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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 don't think it makes sense to invest in cryptocurrencies using credit. The cryptocurrency market is highly volatile. If things don't go the way you hoped, the interest on the loan can put pressure and stress on you and therefore cause you to make bad decisions. In fact, investing is risky in itself, but when it comes to cryptocurrencies, the risk is higher. I would not invest in cryptocurrencies using a loan. I think we have to keep a good eye on our finances and know our limits and make rational decisions.
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I don't think it makes sense to invest in cryptocurrencies using credit. The cryptocurrency market is highly volatile. If things don't go the way you hoped, the interest on the loan can put pressure and stress on you and therefore cause you to make bad decisions. In fact, investing is risky in itself, but when it comes to cryptocurrencies, the risk is higher. I would not invest in cryptocurrencies using a loan. I think we have to keep a good eye on our finances and know our limits and make rational decisions.
You can't have access to loan or credit card without having a steady source of income. The banks knows and understand how this works. You must have been a salary earner before they even credit your credit card. If really you are a worker and you have access to credit card and you have the intention of buying bitcoin with it, I see no reason why you shouldn't do it because you have the means to get money and you can't pay back.
The due diligence I will love you to do is to invest in what you can afford to lose because bitcoin is volatile and the way it has the potential to give you profit is the same way it can give you losses. So it's better you do your own research, check the background of the project you are trying to invest, and buy either with DCA or buy when the price is low and don't forget to diversify your portfolio to further reduce risk.
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You can't have access to loan or credit card without having a steady source of income. The banks knows and understand how this works. You must have been a salary earner before they even credit your credit card. If really you are a worker and you have access to credit card and you have the intention of buying bitcoin with it, I see no reason why you shouldn't do it because you have the means to get money and you can't pay back.
The source of income remains the main reference for why someone dares to take a loan to buy Bitcoin. Even though they already know, the risk of buying Bitcoin with borrowed money will be higher risk, because the loan repayment will be charged with interest every month.
There is no good advice if a loan person does not have good trading skills, even just tends to buy because of enough hype with the opportunity to buy bitcoin at a low price before ATH is reached.
The due diligence I will love you to do is to invest in what you can afford to lose because bitcoin is volatile and the way it has the potential to give you profit is the same way it can give you losses. So it's better you do your own research, check the background of the project you are trying to invest, and buy either with DCA or buy when the price is low and don't forget to diversify your portfolio to further reduce risk.
Do your own research and also consider what to do when making a loan, have a refund obligation with interest and this should be thought out.
I wouldn't advise anyone to start trading with a loan because I myself started all this with free money which means the money I use comes from a lot of campaigns and airdrops, not borrowed money which is very risky.
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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?
In cryptocurrency, I think one of the things we have learnt is never to engage on taking loans to invest on what is volatile and take the risk on ourselves no matter what, so we should first know this that it's never a good practice to take loan and invest, secondly, if we are looking of a certain amount of cryptocurrencies we can hold or possess to make us free in life, then the best way I could recommend is to look for a means or source in which we could earn Bitcoin or any other crypto from to be sustainable by that and also invest from the income we made.
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In my opinion, this is not good, because cryptocurrencies are a platform intended for long-term investment. But if it is very urgent, cryptocurrencies can be relied on in the best possible and relevant way.
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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?
It is very bad in my opinion to invest in cryptocurrency using loans, because no one can say with 100% certainty that these investments will bring income by the time the loan is repaid, and indeed whether it will bring it at all. You can wait for your profit for months and sometimes years. The loan still needs to be repaid somehow.
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Borrowing money from the bank for capital is the wrong solution, because in the future it will create more burdens on us... just use the existing capital, if we only have a little capital, it's okay to buy altcoins that you really trust and Don't buy altcoins carelessly because it will make us lose money. So my advice is don't borrow money for capital from the bank..
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Borrowing money from the bank for capital is the wrong solution, because in the future it will create more burdens on us... just use the existing capital, if we only have a little capital, it's okay to buy altcoins that you really trust and Don't buy altcoins carelessly because it will make us lose money. So my advice is don't borrow money for capital from the bank..
Using money borrowed from the bank for certain purposes will indeed be very risky, but when it is used correctly and can make a lot of money, then it will be the right choice. Unfortunately, not everyone can apply for this, so many people are in debt at the bank because of the loan. which doesn't produce anything, especially using it for trading in altcoins, which is very risky because no one can provide a guarantee of making a profit in altcoins.
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Using money borrowed from the bank for certain purposes will indeed be very risky, but when it is used correctly and can make a lot of money, then it will be the right choice. Unfortunately, not everyone can apply for this, so many people are in debt at the bank because of the loan. which doesn't produce anything, especially using it for trading in altcoins, which is very risky because no one can provide a guarantee of making a profit in altcoins.
Exactly it is very risky if we use borrowed money from the bank or any other party to invest or trade in cryptocurrency. because there is no guarantee that we will get profits that match our hopes and targets every month or at any time. whereas usually we have to pay the debt in installments or pay it usually every month plus bank interest. or We also have to pay within a certain time according to the amount of the debt plus the interest on the debt, which incidentally is usually not small. In fact, the bank itself is usually quite selective in choosing who will borrow the money. And if they know the money will be used for trading, they usually won't get approval from the bank. unless the customer falsifies the purpose of the loan. or if the customer borrows money from other parties or loan sharks whose bank interest is usually much higher than at regular banks. and of course this will be more risky.
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Borrowing money from the bank for capital is the wrong solution, because in the future it will create more burdens on us... just use the existing capital, if we only have a little capital, it's okay to buy altcoins that you really trust and Don't buy altcoins carelessly because it will make us lose money. So my advice is don't borrow money for capital from the bank..
That's right, it's not good to borrow money for capital from the bank just to invest in crypto, it will make someone dizzy and borrowing money from the bank will definitely have an interest rate... it's better if we want to invest in crypto. My advice is to just use whatever money you have, you don't need more money. Borrow money from the bank... if you have extra money that's also good, but your own money is not money borrowed from the bank.
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I really can't understand the thoughts of people who so easily want to apply for loans just to invest in Bitcoin or cryptocurrency in general. Maybe that's what's on their minds because they dream of very high profits from this investment quickly. while they may not think about the risks they might face. This is what makes the image of Bitcoin and crypto in general bad among the general public. because there are so many people who don't understand crypto and then force themselves to invest in crypto which then makes themselves miserable.
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taking out a loan to invest in crypto is not a good thing, it will make things difficult for us later, why do I say that!
because investing in crypto cannot be guaranteed that we will get a profit on the same day and at the same time, where if we borrow funds from a bank or the like it will definitely have a maturity date, while the ups and downs of the value of crypto are uncertain, it will backfire on our own finances, investing in crypto is true promising but if we use our free money, not loan funds or emergency funds for our needs,
So the conclusion is that taking out a loan for investment crypto is not recommended
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When you are in contact with experienced users, it is easy to make a deal, whether it is your sending first or theirs, it is important to establish a connection and trust, which can lead to a big change in the financial condition of crypto wallets as well as possible financial freedom. An option for that is Telegram.
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taking out a loan to invest in crypto is not a good thing, it will make things difficult for us later, why do I say that!
I think taking a loan is bad in the beginning, whether you are going to used it for crypto or any other investment or business. Well there are school of thoughts who preach that it is better to do that because you are not going to issue any money. But still though the risk is very high for your side.
because investing in crypto cannot be guaranteed that we will get a profit on the same day and at the same time, where if we borrow funds from a bank or the like it will definitely have a maturity date, while the ups and downs of the value of crypto are uncertain, it will backfire on our own finances, investing in crypto is true promising but if we use our free money, not loan funds or emergency funds for our needs,
So the conclusion is that taking out a loan for investment crypto is not recommended
That's what we call risk, and so with a borrowed money, there is no mitigation factor. Meaning you really have to make a way to make money because you need to pay it. So the question, what if you don't? that the risk you take didn't pan out? So how do you pay that money now? Making another loan? that is bad strategy in my opinion.
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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?
For me I think the only cryptocurrency that's worth buying or taking loan to invest is probably Bitcoin and even that should be calculated before ever trying it and when I mean calculation, I mean if ever there is intensions to take loan and invest, it should be done at the discreet of knowing that the bear market is available and should be at the last year of the bear circle so that something tangible can be gotten out when the bull season kicks in with the investment.
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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?
For me I think the only cryptocurrency that's worth buying or taking loan to invest is probably Bitcoin and even that should be calculated before ever trying it and when I mean calculation, I mean if ever there is intensions to take loan and invest, it should be done at the discreet of knowing that the bear market is available and should be at the last year of the bear circle so that something tangible can be gotten out when the bull season kicks in with the investment.
I wonder if you yourself would take out a loan now to invest in Bitcoin?I suspect not. In general, for me personally, the idea of taking a loan against intangible assets is incomprehensible. I suspect that those who take out this kind of loans have heard enough tales with a beard about getting rich. But few people tell how they went broke when they took out loans against crypto, because the stories of losers are not motivating.
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Well, just as there are people who request loans to play in a casino, I don't see it as crazy to ask for a loan to be able to buy bitcoin, it is for an investment, what happens is that some people see this as wrong, because they know that bitcoin can go down much more expensive, but that is why you always have to consider that before lending you have to make the terms clear, lend in USDT because if you lend in Bitcoin and Bitcon, suppose it goes to $100k, then it becomes complicated to pay in satoshis, and clearly taking a loan to buy bitcoin is up to the person's decision and if they do so they know that they should not fail in their payments, what they always have to do is pay on time so that there is no type of problem, for That's why this is so delicate, a loan should generally be taken out when there is an emergency or something similar.
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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 do not encourage getting a loan to invest in cryptocurrency as this defiles the basic rule of cryptocurrency investment which is; investing what you are able to lose. However, with a very good timing, borrowing to invest can be good. If you can get a loan without collateral and repayment pressure, it's worth giving it a trial. Again, if you have a very good timing of the market, just like as bull run is approaching, it is nice only if you can get a long term loan. If some people invests their life savings or even pension, taking lain shouldn't be a big deal then.
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I think good or bad impact investing in cryptocurrency by using loan fund depend on current market condition, if take loan right now and investing in bitcoin I think very not worth yet because bitcoin have raise much higher price. Actually take loan for investing in bitcoin is the same meaning when you use fund for building an business by taking loan in the bank, during loan interest not really big still not problem yet and its very good for your investing.
Just reminder never taking loan for investing in bitcoin if price still pump, better wait awhile and waiting market get correction for using loan to invest in bitcoin or some top altcoin.
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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?
actually this is not aboutyour complete source of income , instead the amount that you can manage to risk and lose , because this market is volatile and things are changing any time .
it can be profitable today but tomorrow you may lose better invest only how much you can spend without damaging your budget for daily living.
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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 never recommend to take a loan just to invest in Cryptocurrency, the volatility and uncertainty of the market will make you lose money, loans are good for business expansions but when you take it on Cryptocurrency it will give you headache.
Which is why experts always advice investors to only invest what they can afford to lose, its very tempting to take a loan to invest in Cryptocurrency but you have to be a good trader, to make profir from loans.
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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?
There is nothing wrong with borrowing, as long as you have the resources to pay back the money you borrow from the bank. Especially if you are going to use it in business, you know you can turn it around correctly to make a profit that you can use to pay off the loan with interest.
But if you're worried about paying what you owe, it's better not to borrow; instead, just find another way that you can have a profit that you don't need to borrow, especially if it's used in your cryptocurrency because the market is too volatile.
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At first taking loan to make investment is not encouragable for anyone irrespective of whom you are and where you are from and couples with the volatility of cryptocurrency, one could lose entire investment after haven taken loan from bank to invest in cryptocurrency. There were similar cases where they took their tuition fees to invest in cryptocurrency during the last bull run and it bounces back on them and I think there off from school due to their singular action of taking their tuition fees to go do investment and their lost was massive to an extent they weren't able to recover their invested capitals.
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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?
There is nothing wrong with borrowing, as long as you have the resources to pay back the money you borrow from the bank. Especially if you are going to use it in business, you know you can turn it around correctly to make a profit that you can use to pay off the loan with interest.
But if you're worried about paying what you owe, it's better not to borrow; instead, just find another way that you can have a profit that you don't need to borrow, especially if it's used in your cryptocurrency because the market is too volatile.
The matter of borrowing and borrowing in business is something that usually happens because it can ensure that you pay when a loss occurs. Likewise, in crypto, if there is confidence in being able to repay, then there is no need to be afraid to borrow, but it must be done with accurate and convincing analysis.
If you don't have good analysis, of course, I agree you can use other methods that don't require borrowing to invest in crypto.
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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.
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Applying for a loan for cryptocurrency trading is wrong. We can't always push our luck over big risks, if we don't make a profit when trading, then we will be destroyed by loans. Wise people will not use borrowed money for trading, because it can be the biggest trap that makes someone worse off.
It's a good idea to restrain yourself and never borrow money to trade cryptocurrency, everyone is worried about the risks and dangers of failing in trading... the collateral guaranteed by the bank will be lost because it's very likely that you won't be able to pay the installment bills.
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If you're in the real world, people will call that as a good debt because you're investing to something that can potentially give you more money or return. But to be honest, investing to crypto with the use of loaned money is not an ideal investing strategy. Don't mess up with this because you're going to suffer when you didn't get the return that you're expecting and you have to pay the interest that has been agreed upon to the lender. If you want to invest to crypto, use spare money or savings that you can afford you to lose.
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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.
I'm one of the few people who have the balls to take a loan from a bank and used it to buy cryptocurrencies.
I did it in 2023. I took a loan from a bank and invested those money to buy Bitcoin. Now I paid that loan of mine already, and at the same time, I'm already doubled the initial loan amount. I got profits from using a loan from a bank.
Sometimes, it's all about the timing and of course knowledge. If you know that 2022-2023 is the accumulation phase and you expect for Bitcoin to increase in price a few years from that year then you will risk it, take a loan and pay it using your monthly source of income. I took the risk, and it paid me really well. I already said it at Bitcointalk and I will say it again here. Loaning from a bank to be used to buy crypto is very risky, but if you know when you're buying then you will end up getting profit. Just take note that you need to set aside a portion of your monthly income to pay that loan.
How much crypto is needed to manage social life and can it be the only dependent income source of your life?
It depends.
How much isn't the correct question but how sustainable it is because you can have 10 Bitcoins, but if you don't know how to use that 10 Bitcoins to increase it further then you will end up losing those. Those expert traders for sure are earning profits already, and they can sustain it for as long as they want to because they know what they're doing.
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Applying for a loan for cryptocurrency trading is wrong.
I don’t know if the Op ever went ahead with his idea of borrowing loan to invest in crypto but he should be aware that it’s not something that’s advisable to do - and besides, it’s has been echoed more than a million times “invest what you can afford to lose” money gotten from a bank as a loan is not something that one can afford to lose and putting that money into crypto sounds pretty stupid to me (except you decide to go all in on bitcoin).
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You can manage your social life without a bank loan. Work for a while as your own safe, for example, or as part of a company, so save not the full amount of money for such small investments that in the long run can only make you the holder of a large profit and turn your story to just that side without the first job. I know many such users.
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Investing in cryptocurrency with a money from the loan institutions or loan from private people all depends on the amount of risk that one is able to take. What I mean in essence is that, investing in cryptocurrency itself is a very big risk. Secondly taking a loan and its own is another type of risk. This is because even if you take a loan to start up a business there is no guarantee that it will go well in the end. So using your collateral to take a loan is a risk and using that loan to go into another risk of investing in volatile products is another risk. My advice is that if you are not knowledgeable enough on how to go about this, please avoid taking a loan to invest in cryptocurrency just for the sanity of your health. If things go wrong the consequence can be disastrous in the other way round if it goes fine well it is nice.
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It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
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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.
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I have ideas want to get loan on Binance because have assets but increasing price drastically after holding around one year ago, I think good option my holding as back up for getting loan in Binance but I don't know how much percent or loan interested one year. Its good moment after bitcoin decreasing today and wish my holding coins assets helpful as back up fund get loan in binance, I think with more productive with loan is not problem during get balance with loan interested.
Any one know about loan or debt in binance exchange, how much loan interested and payment way every month or every one year?
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It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
I couldn't agreed more.. in crypto, invest in what you can loose..not using loans
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- Of course, the active communities in this forum know that their cryptocurrency is good, although everyone here also knows that there are other crypto's that are just hype but also have a lot of potential that can give us a good profit in future savings that we crypto fanatics hope for.
But for the common people who are outside the crypto space, like the communities on Facebook, crypto is mostly bad for them, and even for other social media platforms as well.
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It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
Before we take out a loan, we must consider it carefully, so that our loan does not make things difficult for us in the end. It's not easy to predict what will happen, but at least we can have a plan or picture for the future.
Taking out a loan is easy, but considering it is not as easy as we imagine, therefore we must be prepared for what will happen in the future. Don't let the loan become a problem for us.
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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.
Some of those bloggers that claim to live life fully dependent of cryptocurrency are liars. Most of them don't even know how to trade but they claim to be good traders. They make their money from different sources and not from crypto. They make money from their ads and from viewers and followers. No one can live completely on cryptocurrency as a means of income, it should be a part time thing.
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Applying for a loan for cryptocurrency trading is wrong.
I don’t know if the Op ever went ahead with his idea of borrowing loan to invest in crypto but he should be aware that it’s not something that’s advisable to do - and besides, it’s has been echoed more than a million times “invest what you can afford to lose” money gotten from a bank as a loan is not something that one can afford to lose and putting that money into crypto sounds pretty stupid to me (except you decide to go all in on bitcoin).
No, even if it's Bitcoin, it's not recommended to apply for a loan to invest in Bitcoin, because as we know, Bitcoin is very volatile in its rise and fall, we're afraid we'll guess wrongly in predicting when we'll release it because it's too late to move, so we'll ZONK without getting anything.
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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?
Borrowing money for investment or whatever to invest in Cryptocurrency is not recommended, because we know that the price of cryptocurrencies is very volatile so it is very dangerous. If we choose the wrong coin and the price of the coin suddenly dumps badly and does not increase in price for a long time then this will be a big problem.
Therefore, we often get advice when we want to invest in Cryptocurrency to use cold money, so that we can be more calm when carrying out activities in cryptocurrencies.
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It's a good idea to restrain yourself and never borrow money to trade cryptocurrency, everyone is worried about the risks and dangers of failing in trading... the collateral guaranteed by the bank will be lost because it's very likely that you won't be able to pay the installment bills.
You are right, we should never loan funds to trade. Because the risk in trading itself is very high and profit is so uncertain with the addition of loans, it becomes more risky and pressuring. If a person trades with loan funds they might pull up to make enough profit that they could repay the debt and can save some funds even to start their journey in trading. But that's so rare till now I have not read any such successful story.
Besides a good story it's hard to pull this up. Plus if the loan is interest based then it will eat away your profits as well. So better to invest with less money and earn less profit than investing a lot of loan money into trading. Because less and self owned is better than more and not owned (loaned). If a newbie wants to pull this up then I also suggest to avoid at all cost.
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It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
I couldn't agreed more.. in crypto, invest in what you can loose..not using loans
I don't support or encourage the use of loan money to invest in crypto. But there might be some people who may have the intuition to invest in crypto despite that, due to what they have heard about the bull run giving many profits to investors who will be investing in bitcoin and some other top coins.
What kind of advice would you give to such a person who has made up their mind to invest in crypto with loan money, when they have the belief that in a year they'll get the loan money back, to pay off
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Applying for a loan for cryptocurrency trading is wrong. We can't always push our luck over big risks, if we don't make a profit when trading, then we will be destroyed by loans. Wise people will not use borrowed money for trading, because it can be the biggest trap that makes someone worse off.
It's a good idea to restrain yourself and never borrow money to trade cryptocurrency, everyone is worried about the risks and dangers of failing in trading... the collateral guaranteed by the bank will be lost because it's very likely that you won't be able to pay the installment bills.
Yes, as cryptocurrencies are more volatile, there is potential for good returns on investments in these currencies, as well as the possibility of losses. If we have our own money and can invest that money then no problems in managing our life, we should invest in this platform. But I never support cryptocurrency investment by lending or borrowing. Since there is no chance of making a guaranteed profit in investing, investing by borrowing or loan has a worse effect on an investor and the financial stress on the investor can have a major negative impact on our daily life.
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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?
- When you actually get a loan from the bank, it's actually difficult there because if you delay paying your due date to them, for sure they will charge you a lot of interest. But the only good thing about banks is that when you become a good payer and you pay them on time or you have a good history with them, they will definitely be willing to lend you money.
If you borrow, then you will use what you borrowed for crypto investment. You must be prepared for the consequences that you may face there.
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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?
Cryptocurrency market is always unpredictable and uncertain. It is also to risky i think. Some times we saw market gose huge down and thats bare market continue 2-3 year's. So it is very risky investment even it were from loan it will very dangerous, Because we know if we take loan from Bank or others NGO. Because thats loan has huge interest.
So my advice Bank loan is very risky and it is bad. So we should avoin loan to invest on cryptocurrency.
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It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
I couldn't agreed more.. in crypto, invest in what you can loose..not using loans
I don't support or encourage the use of loan money to invest in crypto. But there might be some people who may have the intuition to invest in crypto despite that, due to what they have heard about the bull run giving many profits to investors who will be investing in bitcoin and some other top coins.
I think it depends on the nature of the loan obtained, the terms of obtainment and also the repayment terms. And also it depends on the kind of coin you intend to purchase or invest in, although even if one eventually decides to go through with investing with loan money, one should always consider the volatility of the crypto market and also weigh the risks involved in crypto investment.
Again, it's advised never to invest what you cannot afford to lose, if the loan money is what you can afford to repay via other revenues, should incase the investment happens to crash or takes longer than anticipated before maturity, you won't get caught in the dilemma.
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It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
I couldn't agreed more.. in crypto, invest in what you can loose..not using loans
I don't support or encourage the use of loan money to invest in crypto. But there might be some people who may have the intuition to invest in crypto despite that, due to what they have heard about the bull run giving many profits to investors who will be investing in bitcoin and some other top coins.
I think it depends on the nature of the loan obtained, the terms of obtainment and also the repayment terms. And also it depends on the kind of coin you intend to purchase or invest in, although even if one eventually decides to go through with investing with loan money, one should always consider the volatility of the crypto market and also weigh the risks involved in crypto investment.
Again, it's advised never to invest what you cannot afford to lose, if the loan money is what you can afford to repay via other revenues, should incase the investment happens to crash or takes longer than anticipated before maturity, you won't get caught in the dilemma.
That is true. But if you are good at forecasting the market and you prove it many times that the price of a currency will go up high in this kind of market structure, then go. All types of investment has risks and we all know that cryptocurrency is volatile, and that volatility is the reason why people get rich instantly. So if you want to invest in a clever way, you should know that you only invested solely to Bitcoin.
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That is true. But if you are good at forecasting the market and you prove it many times that the price of a currency will go up high in this kind of market structure, then go. All types of investment has risks and we all know that cryptocurrency is volatile, and that volatility is the reason why people get rich instantly. So if you want to invest in a clever way, you should know that you only invested solely to Bitcoin.
That's true but it's still worth noting that, no matter how many times you've predicted the market correctly, it doesn't always mean that you can trust the predictions completely, it's always advisable to thread with caution at all time and always remember that the market can take a different turn from how you're currently seeing it at any time.
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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?
Taking up some loans or borrowing money for investing on crypto is never been that ideal or something which is recommended. You are really just that putting up yourself on such huge risks
because we do know that this market isnt something that can be predicted on which you wont really be able to know on when it would really be making up those pumps and making out that profit for you to have and able to pay up that loan. If you do have that kind of bit higher focus when it comes to social life then it would really be that best that you should really be putting up that consideration on having that multiple income source on which it isnt really just that limited to crypto but also in other options as well as long it would really be available.
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This is not a good idea to take loans from banks just for crypto use because you know better that crypto is volatile and here you will face difficulties to achieve your goals which also have no guarantee that you will earn with this loan amount.
If you lose in crypto then you will want to recover that money back and also will wish to repay your borrowed money to the bank but unfortunately you will be unable to do any of these tasks.
Therefore don't put yourself in such a difficult situation in which you cannot perform any task and you lose everything for which you will regret throughout your life. Therefore continue your job and don't depend on crypto as sometimes it will give you profit but the profit is not for your whole life and you will face loss by making a small mistake.
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This is not a good idea to take loans from banks just for crypto use because you know better that crypto is volatile and here you will face difficulties to achieve your goals which also have no guarantee that you will earn with this loan amount.
If you lose in crypto then you will want to recover that money back and also will wish to repay your borrowed money to the bank but unfortunately you will be unable to do any of these tasks.
Therefore don't put yourself in such a difficult situation in which you cannot perform any task and you lose everything for which you will regret throughout your life. Therefore continue your job and don't depend on crypto as sometimes it will give you profit but the profit is not for your whole life and you will face loss by making a small mistake.
Actually depend on market condition and choosing right investment assets for investing, I don't think bad when taking loan during market get drop and investing in bitcoin actually has bigger opportunity repayment loan back in the future. But have getting loan not monthly payment but yearly with bitcoin potential increasing more than 20% until 30% has chance recovery all payment loan.
But never put our self in difficult position by taking loan and use for investing in bitcoin, not promising will earn profit as our imagination and become long term holder not always make us earn profit, better use our free money for investing in bitcoin or looking loan with lower percentage of loan interest.
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This is not a good idea to take loans from banks just for crypto use because you know better that crypto is volatile and here you will face difficulties to achieve your goals which also have no guarantee that you will earn with this loan amount.
If you lose in crypto then you will want to recover that money back and also will wish to repay your borrowed money to the bank but unfortunately you will be unable to do any of these tasks.
Agree. It is better to use safe funds for crypto investment. It is not recommended to use loan money from banks for crypto investment. Crypto prices are very volatile and unstable, we can't expect to take profits any time we want. If we invest carelessly, we may end up with losses and may be trapped in the loan. This should never happen in crypto investment, the loan money must never be used for crypto investment.
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This is not a good idea to take loans from banks just for crypto use because you know better that crypto is volatile and here you will face difficulties to achieve your goals which also have no guarantee that you will earn with this loan amount.
If you lose in crypto then you will want to recover that money back and also will wish to repay your borrowed money to the bank but unfortunately you will be unable to do any of these tasks.
Agree. It is better to use safe funds for crypto investment. It is not recommended to use loan money from banks for crypto investment. Crypto prices are very volatile and unstable, we can't expect to take profits any time we want. If we invest carelessly, we may end up with losses and may be trapped in the loan. This should never happen in crypto investment, the loan money must never be used for crypto investment.
Ideally, as you said and of course, everyone really agrees if you have funds available to invest in, but not everyone has more funds to be able to invest in crypto. One solution is to borrow from a bank, assuming we are able to pay the installments due. This loan, I think, is something that is legitimate and very good.
Analyzing like now where prices are certain to increase, there is no harm in doing so. All investments are also the same, it is certain that there are also those who borrow from the bank but adjust it to your own situation in terms of returns.
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That is true. But if you are good at forecasting the market and you prove it many times that the price of a currency will go up high in this kind of market structure, then go. All types of investment has risks and we all know that cryptocurrency is volatile, and that volatility is the reason why people get rich instantly. So if you want to invest in a clever way, you should know that you only invested solely to Bitcoin.
That's true but it's still worth noting that, no matter how many times you've predicted the market correctly, it doesn't always mean that you can trust the predictions completely, it's always advisable to thread with caution at all time and always remember that the market can take a different turn from how you're currently seeing it at any time.
That's why we should only invest what we can afford to lose, because if we go all in knowing that our analysis doesn't work 100% there is a high risk of losing your money. To prevent that to happen, we should diversify our money to different cryptocurrencies if we are going to invest, but if we want to trade in futures, we should only use a a tiny portion of our overall assets so that you can still make up if you lose your current trades.
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Agree. It is better to use safe funds for crypto investment. It is not recommended to use loan money from banks for crypto investment. Crypto prices are very volatile and unstable, we can't expect to take profits any time we want. If we invest carelessly, we may end up with losses and may be trapped in the loan. This should never happen in crypto investment, the loan money must never be used for crypto investment.
What some people doesn't know is that loan has a time frame which it must be paid back, if you don't pay back, you either face problem of forcing to pay back or you continue to accrued interest rate until you finally paid back. Now imagine paying back after 2 years when your return on crypto investment is not more than 300% of your the loan you borrowed, by the time you do the math's and subtract the interest rate of 2 years from your profit, you wouldn't have anything left from your investment. Loan is a very bad practise for investments.
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That is true. But if you are good at forecasting the market and you prove it many times that the price of a currency will go up high in this kind of market structure, then go. All types of investment has risks and we all know that cryptocurrency is volatile, and that volatility is the reason why people get rich instantly. So if you want to invest in a clever way, you should know that you only invested solely to Bitcoin.
That's true but it's still worth noting that, no matter how many times you've predicted the market correctly, it doesn't always mean that you can trust the predictions completely, it's always advisable to thread with caution at all time and always remember that the market can take a different turn from how you're currently seeing it at any time.
That's why we should only invest what we can afford to lose, because if we go all in knowing that our analysis doesn't work 100% there is a high risk of losing your money. To prevent that to happen, we should diversify our money to different cryptocurrencies if we are going to invest, but if we want to trade in futures, we should only use a a tiny portion of our overall assets so that you can still make up if you lose your current trades.
I am not a person who knows how to trade futures, because I have no knowledge of trading in the short term and with that type of risk, but it is something that I would be very careful about, the market situation has a lot to do with that. For example, the situation for now is that it can go up a lot due to the effects of the halving and because of the effect that it can go up much more to a new ath when the 4-year cycle is completed, so we have to consider all these things before That we can do anything, I see that for a loan with crypto the best is in USD, the rest represents risk, because if the market is close to going up, it is more risky even for loans in crypto.
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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?
Well, I personally don't use loan money for my crypto investments since I do crypto for a crypto here in this industry especially nowadays. Before I use my hard earned money to invest but I learned that it's too risky that is why I am working on signature campaigns to get crypto so I can buy crypto as well. Depending on how much your lifestyle is worth then that's how much you need from crypto and no crypto is not my only source of income right now it was just a choice of investment for me.
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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?
Well, I personally don't use loan money for my crypto investments since I do crypto for a crypto here in this industry especially nowadays. Before I use my hard earned money to invest but I learned that it's too risky that is why I am working on signature campaigns to get crypto so I can buy crypto as well. Depending on how much your lifestyle is worth then that's how much you need from crypto and no crypto is not my only source of income right now it was just a choice of investment for me.
We should bare up into your minds that income or profits in crypto isnt really that something that could be considered to be guarantee and this is why it would really be that fully risky if you would really be taking up some loan and you would really be that repying those loans by making use of those profits on which we know that there's no way that you could really be able to assure that you would really be making money. Invest on what you can afford to lose and this is something that should be your primary rule when it comes to this manner. This is why it would really be important
that you do really now on what you are doing.
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I don't take risk by taking loan for investing in bitcoin, tried spending my salary from offline job and saving it day by day before using for capital in cryptocurrency trading.
I think taking loan is not bad but you have assets firstly and get limitation loan under 20% of your total assets having.
Behind first time joining cryptocurrency I don;t have any assets yet its not good ideas taking loan for cryptocurrency trading capital, I don't know how repayment every month if use loan for trading behind not always promising with profitable every month or every week.
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It is a business so if anyone is interested then there is no need to worry if the person knows how to collect his money back then it is good to give out loan and let the borrow also pay back their loans on time. Taking loan from cryptocurrency is good but what are you taking the loan for? If you are not doing anything then I will not advise you to take the loan because cryptocurrency is volatile in nature.
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Well we can turn this into a mathematical thing and can show you why taking a loan is actually quite bad for you and you should never invest with money that you got from the banks.
How can we do that? Calculation the amount of money you need to make per month every mont ht ostay above the payment you pay to the bank. So lets say you took out an X amount of loan and need to pay Y amount of to the bank every month. You need to make more than Y amount EVERY month, on average of course. That is not going to happen and you are going to lose on some months, which is why nobody does this.
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It is a business so if anyone is interested then there is no need to worry if the person knows how to collect his money back then it is good to give out loan and let the borrow also pay back their loans on time. Taking loan from cryptocurrency is good but what are you taking the loan for? If you are not doing anything then I will not advise you to take the loan because cryptocurrency is volatile in nature.
Actually it is a personal choice to take a loan or not. However, crypto value is very volatile, it can change drastically at any time. If we don't really understand the characteristics of crypto coins, it will be very risky to take a loan with crypto coins. Even someone wants to have an intention to take a loan with crypto, he is better to understand well how crypto price fluctuates. But make sure to take a loan if it is very needed only, it is always not recommended to take a loan if it is not necessary.
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It is a business so if anyone is interested then there is no need to worry if the person knows how to collect his money back then it is good to give out loan and let the borrow also pay back their loans on time. Taking loan from cryptocurrency is good but what are you taking the loan for? If you are not doing anything then I will not advise you to take the loan because cryptocurrency is volatile in nature.
Actually it is a personal choice to take a loan or not. However, crypto value is very volatile, it can change drastically at any time. If we don't really understand the characteristics of crypto coins, it will be very risky to take a loan with crypto coins. Even someone wants to have an intention to take a loan with crypto, he is better to understand well how crypto price fluctuates. But make sure to take a loan if it is very needed only, it is always not recommended to take a loan if it is not necessary.
Never take a loan just to trade in cryptocurrency as long as we don't understand cryptocurrency price movements. However, when we understand cryptocurrency price movements, we can take out loans and trade safely and should make a profit. If we don't make a profit, it will always make us depressed because the money we use for trading is borrowed money.
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In this case I want to directly tell you that if you have planned like this then suspend your plan here because this plan will never be good for you. If you are thinking of taking a loan from a bank or investing in bitcoins by borrowing money from others, eliminate them in advance because they will cause problems for you in the future. The outcome of investing in Bitcoin is uncertain so you don't need to borrow money from anywhere for a certain period of time based on this uncertain outcome. I will only tell you to invest the amount of money you can afford to lose and the amount of money that losing it will not affect your life badly. There is no need for you to invest by borrowing unnecessary money.
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It is a business so if anyone is interested then there is no need to worry if the person knows how to collect his money back then it is good to give out loan and let the borrow also pay back their loans on time. Taking loan from cryptocurrency is good but what are you taking the loan for? If you are not doing anything then I will not advise you to take the loan because cryptocurrency is volatile in nature.
Actually it is a personal choice to take a loan or not. However, crypto value is very volatile, it can change drastically at any time. If we don't really understand the characteristics of crypto coins, it will be very risky to take a loan with crypto coins. Even someone wants to have an intention to take a loan with crypto, he is better to understand well how crypto price fluctuates. But make sure to take a loan if it is very needed only, it is always not recommended to take a loan if it is not necessary.
Never take a loan just to trade in cryptocurrency as long as we don't understand cryptocurrency price movements. However, when we understand cryptocurrency price movements, we can take out loans and trade safely and should make a profit. If we don't make a profit, it will always make us depressed because the money we use for trading is borrowed money.
Never ever considering out this kind of step because if you do find yourself that being taking up some loan on something which there's no assurance that you could really be able to make money on
and having no capacity on paying it up in other income sources then it would really be that a huge problem on the time that you would really be on such situation on which you would really be
trying out to make yourself having that kind of approach and decision making when it comes to this kind of condition. Income or making money with crypto investment isnt giving out that
kind of sure date or moment or even the condition you do have which we know that you could neither be losing or gaining money depending on the market condition.
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It is a business so if anyone is interested then there is no need to worry if the person knows how to collect his money back then it is good to give out loan and let the borrow also pay back their loans on time. Taking loan from cryptocurrency is good but what are you taking the loan for? If you are not doing anything then I will not advise you to take the loan because cryptocurrency is volatile in nature.
Actually it is a personal choice to take a loan or not. However, crypto value is very volatile, it can change drastically at any time. If we don't really understand the characteristics of crypto coins, it will be very risky to take a loan with crypto coins. Even someone wants to have an intention to take a loan with crypto, he is better to understand well how crypto price fluctuates. But make sure to take a loan if it is very needed only, it is always not recommended to take a loan if it is not necessary.
Never take a loan just to trade in cryptocurrency as long as we don't understand cryptocurrency price movements. However, when we understand cryptocurrency price movements, we can take out loans and trade safely and should make a profit. If we don't make a profit, it will always make us depressed because the money we use for trading is borrowed money.
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.
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It is a business so if anyone is interested then there is no need to worry if the person knows how to collect his money back then it is good to give out loan and let the borrow also pay back their loans on time. Taking loan from cryptocurrency is good but what are you taking the loan for? If you are not doing anything then I will not advise you to take the loan because cryptocurrency is volatile in nature.
Actually it is a personal choice to take a loan or not. However, crypto value is very volatile, it can change drastically at any time. If we don't really understand the characteristics of crypto coins, it will be very risky to take a loan with crypto coins. Even someone wants to have an intention to take a loan with crypto, he is better to understand well how crypto price fluctuates. But make sure to take a loan if it is very needed only, it is always not recommended to take a loan if it is not necessary.
Never take a loan just to trade in cryptocurrency as long as we don't understand cryptocurrency price movements. However, when we understand cryptocurrency price movements, we can take out loans and trade safely and should make a profit. If we don't make a profit, it will always make us depressed because the money we use for trading is borrowed money.
If there are no funds available, of course, there are always other open options that can be used and this includes borrowing. Make sure that you can pay off the loan in installments and there will be no problems, because it will provide additional burdens in determining later. Looking for coins that have the potential to make a profit in time can be done by analyzing them first or using the best ranking on CMC. Now is the right time to make an investment because the upgrade time is not far away.
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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?
Well, I personally don't use loan money for my crypto investments since I do crypto for a crypto here in this industry especially nowadays. Before I use my hard earned money to invest but I learned that it's too risky that is why I am working on signature campaigns to get crypto so I can buy crypto as well. Depending on how much your lifestyle is worth then that's how much you need from crypto and no crypto is not my only source of income right now it was just a choice of investment for me.
This is a good way to reduce the risk. Cryptocurrency is the world's most volatile trading platform where asset values can change rapidly. Investing in such platforms requires the investor to use the money that the investor can maintain a normal life even if it is lost. And where such conditions exist, loan money should never be invested. I am not enthusiast to invest in crypto with loans although there are some people who can take more risks. If one has alternative earning source to repay the loan then he can invest by taking loan.
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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?
Well, I personally don't use loan money for my crypto investments since I do crypto for a crypto here in this industry especially nowadays. Before I use my hard earned money to invest but I learned that it's too risky that is why I am working on signature campaigns to get crypto so I can buy crypto as well. Depending on how much your lifestyle is worth then that's how much you need from crypto and no crypto is not my only source of income right now it was just a choice of investment for me.
This is a good way to reduce the risk. Cryptocurrency is the world's most volatile trading platform where asset values can change rapidly. Investing in such platforms requires the investor to use the money that the investor can maintain a normal life even if it is lost. And where such conditions exist, loan money should never be invested. I am not enthusiast to invest in crypto with loans although there are some people who can take more risks. If one has alternative earning source to repay the loan then he can invest by taking loan.
Everyone certainly agrees that investing in crypto is very risky, but whatever investment you make, it is certain that there will always be a risk. Just how big the risk is depends on how we can manage it well and study it properly.
I have nothing against those who want to invest in crypto by borrowing, as long as the installments to be paid can be paid without reducing their daily needs.
But it would be better if there were reserve funds that were not used, and it would be very good if you wanted to use them as an investment.
Act as the owner of a company in every investment you make by carefully analyzing the profits and losses before taking action.
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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. There are DAOs that support this, like AAVE on Ethereum, listed on Binance, Solend on Solana, listed on Gate.io, and Lista DAO, whose token will be available on Binance's launchpad and Bitget's pre-market.
All these DAOs have their own governance tokens, which one can purchase to be able to vote on the next development for the DAOs or decentralized protocols
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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.
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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.
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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.
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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.
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Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.
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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.
Well, that's right, for crypto, in my opinion, it's better to buy periodically and routinely, because our assets will increase, if we buy crypto using a loan, it will become a burden on our lives in the future, not to mention, as we know, crypto prices are difficult to predict, and it's scary if the value of crypto never goes up, it will make your head even more dizzy, but if we buy with cold money, the price of crypto will rise and fall, we won't have a headache because the money we buy is actually extra money and is deliberately for saving.
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If you think about it, colleteral is a must and that's why I never liked them. I mean if I am giving basically equal to what crypto I a getting, then it makes no sense to me and I think I can do leverage for that and be enough. That doesn't make sense to me to get something like that, it would not make sense at all, it would be quite tough. The best thing I can do at this point would be just realizing that we are going to end up with something that should benefit us, and for that to mean something we could basically just go with something that could reach a better level in the end. I prefer to keep it debtless in that case.
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Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.
If you can avoid borrowing, it's certainly very good because it won't create additional burdens, especially if you have more funds available. But not everyone has something like that, so there are those who take out loans to invest in crypto. In my opinion, there is no problem as long as the loan can be paid well and does not interfere with daily activities that might occur.
The most important thing for everyone is to be able to see what they are capable of doing and not make things easier if it can't be done.
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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.
Well, that's right, for crypto, in my opinion, it's better to buy periodically and routinely, because our assets will increase, if we buy crypto using a loan, it will become a burden on our lives in the future, not to mention, as we know, crypto prices are difficult to predict, and it's scary if the value of crypto never goes up, it will make your head even more dizzy, but if we buy with cold money, the price of crypto will rise and fall, we won't have a headache because the money we buy is actually extra money and is deliberately for saving.
The point is, never be afraid to miss out when we don't have money, because opportunities in the crypto space will always be there and that should make us not rush into deciding something, because that looks like forcing ourselves.
We can collect it first, and once we have some money, we can use it for something we couldn't do when we didn't have money, in this case investing.
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Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.
Well, each individual has different perspectives in terms of loans; the question is, is the loan bad? The answer is no. The only issue is the use of the borrowed money, right? And the only bad things are if you only use them for things that are not good. Especially if you use it on a whim. But it still depends on the vices that a person has.
Now, loan, then use in cryptocurrency? For me, it's fine, and there's nothing wrong with it as long as you're sure about the crypto you're buying as a long-term investment. Because if you use it in the top 10 altcoins, I think it's impossible that you won't make a profit from this bull. Like me, I did that last year. I got a loan and bought crypto that I wanted to hold long-term. I paid off what I owed to the one I invested in crypto last year, and now I'm profiting from what I bought. Actually, I have already taken out a profit, and until now, the profit I took out has been recovered through trading activity little by little. So, that depends on the person making the loan.
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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.
As much as possible on which i do really make myself really trying out to free from loans even on how small or big it would be.Its true that on the moment that you do have that loan then you would really be having that kind of feeling on having a burden on which this is really giving out that kind of stress but if you are really that taking up some loan but you do really know on how to repay it back on the right time then there would really be no issues but if you do struggle on doing so or cant really be so sure then it would really be better that you should really be avoiding this as much as possible.
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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?
It is possible to make a lot of profit from cryptocurrencies but there is also a lot of risk of loss because many crypto coins appear to be scams and crashes where investing can lead to huge losses. And if you want to get profit from crypto, you have to invest for a long time, so it is not a very bad idea to think about investing here with a loan. But if one can afford this risk then he can do it. But I think investing in crypto with loans is a bad idea
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Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.
Yes it is not suited well to take loan for crypto because you don't know that your future in crypto will be bright or dark and also you don't know that the coin which you are selecting will give you profit or not and if it is profitable then how long it will take to give you return.
Our thoughts should not be for short periods but we have to think about our future too because if we take a loan and then suddenly we lose this amount then returning that amount back to the owner will take a long time because we will have no Money to continue our investment or give that amount back to the owner.
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I misunderstood the objective, I thought people were talking about loans in the crypto world, you mean taking loans FOR buying crypto, that is definitely a wrong move. Do not take loans that you have to repay back easily, that just doesn't make sense at all, I personally would advice against that as much as I possibly could. I think it would result with you not knowing whats going on, and the best thing to do would be just avoiding everything in total, that will for sure be better for you, it would make things easier for you to handle at the same time as well, would be a smart move to do by just investing with what you already have.
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I misunderstood the objective, I thought people were talking about loans in the crypto world, you mean taking loans FOR buying crypto, that is definitely a wrong move. Do not take loans that you have to repay back easily, that just doesn't make sense at all, I personally would advice against that as much as I possibly could. I think it would result with you not knowing whats going on, and the best thing to do would be just avoiding everything in total, that will for sure be better for you, it would make things easier for you to handle at the same time as well, would be a smart move to do by just investing with what you already have.
In general, I would agree on investing what you already have or selling some unneeded things to buy crypto. There are some scenarios where taking a loan to buy crypto is also a good move in the long term. People who just started with their regular jobs (that pays decent) usually don't have enough savings but they could take advantage of the price drops by borrowing.
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People who just started with their regular jobs (that pays decent) usually don't have enough savings but they could take advantage of the price drops by borrowing.
This makes sense and this could be the only scenerio that i can take borrowing to be acceptable, in this case the person just got into a job that would pay them a decent amount every month and with that they can pay their debt.
This is obviously more sensible that someone who borrows to buy BTC, with the intention of paying their debt through the possible profit they can get from the investment.
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I misunderstood the objective, I thought people were talking about loans in the crypto world, you mean taking loans FOR buying crypto, that is definitely a wrong move. Do not take loans that you have to repay back easily, that just doesn't make sense at all, I personally would advice against that as much as I possibly could. I think it would result with you not knowing whats going on, and the best thing to do would be just avoiding everything in total, that will for sure be better for you, it would make things easier for you to handle at the same time as well, would be a smart move to do by just investing with what you already have.
I will give you a scenario:
For example, I took a $1000 loan back in 2022 and used that money to buy Bitcoins at that time and decided to hold it until the bull run. I'm capable of paying that loan in the span of 1-2 years. Let's say that the annual interest of my loan is around 10%. In 2 years, the amount of money that I will pay is $1,107.48. Now in the span of 2 years, how much do you think my $1000 now? My money is worth at least 3x already. The question is, is that a bad move? You know what's the price of Bitcoin in 2022 and now, right?
What I'm pointing out is, there's nothing wrong in getting a loan just to buy cryptocurrency like Bitcoin. There only are some things that you need to know.
1. You need to knowledgeable enough in what you're doing.
2. Make sure that you're capable of paying that loan in the whole duration.
There's nothing wrong in getting loan as long as you know what you're doing. If you're capable of paying it, and you believe that you will make more money by doing it then why not do it?
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But you have described situation for fiat loan. The story is completely different if you would have taken loan in Bitcoin. And it would be a total disaster if you havent negotiated loan conditions. A person could have taken Bitcoin in 2022, but will be asked to return $ in 2024.
Personally I am against any kind of loans or buying something in credit (unless this is something really unachievable and credit is taken for many years, like mortgage for example). From my point of view, a person must always operate and make planning only with own money.
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People who just started with their regular jobs (that pays decent) usually don't have enough savings but they could take advantage of the price drops by borrowing.
This makes sense and this could be the only scenerio that i can take borrowing to be acceptable, in this case the person just got into a job that would pay them a decent amount every month and with that they can pay their debt.
This is obviously more sensible that someone who borrows to buy BTC, with the intention of paying their debt through the possible profit they can get from the investment.
A loan can be taken if there is sufficient capacity to repay the loan. Investing in Bitcoin can provide a significant reward. If one has the ability to pay off the debt for a long time then investing in Bitcoin with debt is definitely a good decision. However, there are some people who are too greedy to take loans and even if they fail to make regular payments, the loan will further worsen their financial condition. If you can hold Bitcoin investment for a long time, there is a high chance of making profit, but for this, you must continue to pay off the debt. money. It is also possible that when a person invests with a loan, he can get the ability to pay off the loan very quickly.
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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.
As much as possible on which i do really make myself really trying out to free from loans even on how small or big it would be.Its true that on the moment that you do have that loan then you would really be having that kind of feeling on having a burden on which this is really giving out that kind of stress but if you are really that taking up some loan but you do really know on how to repay it back on the right time then there would really be no issues but if you do struggle on doing so or cant really be so sure then it would really be better that you should really be avoiding this as much as possible.
It's better to be late than to force yourself, that's the principle I try to adhere to as strongly as possible. It's not that you can't take out a loan, because now borrowing is something that is very easy. Many companies operate in that field.
But I think further to avoid the burden or pressure that I might feel later. Prevention is better than cure. We can still do it on our own, even though we need a little time to do it.
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Personally I am against any kind of loans or buying something in credit (unless this is something really unachievable and credit is taken for many years, like mortgage for example). From my point of view, a person must always operate and make planning only with own money.
Budget planning using the income money obtained is indeed better, it is more helpful to avoid loans with large interest.
I don't even like to take out loans, it's better to save to get what we want.
Investments that use loans are very risky, especially loans using Altcoins or Bitcoin with high fluctuations.
It will even give it a greater value when it goes up, but it will also go down, but it is still full of risks.
Loans with many years will only generate large interest for the borrower,
and we as core borrowers are squeezed with a large accumulation of interest.
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People who just started with their regular jobs (that pays decent) usually don't have enough savings but they could take advantage of the price drops by borrowing.
This makes sense and this could be the only scenerio that i can take borrowing to be acceptable, in this case the person just got into a job that would pay them a decent amount every month and with that they can pay their debt.
This is obviously more sensible that someone who borrows to buy BTC, with the intention of paying their debt through the possible profit they can get from the investment.
A loan can be taken if there is sufficient capacity to repay the loan. Investing in Bitcoin can provide a significant reward. If one has the ability to pay off the debt for a long time then investing in Bitcoin with debt is definitely a good decision. However, there are some people who are too greedy to take loans and even if they fail to make regular payments, the loan will further worsen their financial condition. If you can hold Bitcoin investment for a long time, there is a high chance of making profit, but for this, you must continue to pay off the debt. money. It is also possible that when a person invests with a loan, he can get the ability to pay off the loan very quickly.
Except you're aiming or targeting to buy a DIP, otherwise, taking a loan to invest in Bitcoin isn't such a good idea, I have my reasons for saying so.
Investing in Bitcoin isn't like just taking out some money to buy a commodity, there are a lot of things involved, adequate preparations to be made and plans to put in place before beginning your Bitcoin accumulation journey.
Things such as building a solid emergency fund, float/reserve funds are necessities, before even starting your bitcoin accumulation.
And putting all these in place requires a good financial and risk management skill and for someone who possess a good financial management skill as well as a solid emergency and a good income flow, there'll absolutely be no reason to acquire a loan with intentions if investing it on Bitcoin, except of course there's a DIP in the market that you feel you can't afford to miss, which of course you have the resources available for the repayment, then acuqiring the loan to buy could be considered understandable.
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First of all dont prefer taking loans for investment purposes if you need it for some kind of urgent purpose like a medical emergency or any other crisis you better seek help from friends and family, and if you really want to take up a loan better deal in the local currency in order to avoid the valuation uncertainty, the crypto market is highly volatile and you ant proceed in the crypto market with long term loans there is a high possibility that your assets will get liquidated, that will be the even worst situation.
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Here's what you need to know about how risky it can be to invest in crypto with your hard-earned funds. So when you invest with a loan that thought will increase manifold. When i collect my loan then i promise to pay something in return, such as paying $130 as a promise to take out a $100 loan. So when you are investing in crypto with a loan and making a loss you have to repay the loan along with the money pledged. Moreover no bank or any medium will give you a loan without profit. It is better to use a special case loan when you know that you have extra assets to pay back if you lose the loan.
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Here's what you need to know about how risky it can be to invest in crypto with your hard-earned funds. So when you invest with a loan that thought will increase manifold. When i collect my loan then i promise to pay something in return, such as paying $130 as a promise to take out a $100 loan. So when you are investing in crypto with a loan and making a loss you have to repay the loan along with the money pledged. Moreover no bank or any medium will give you a loan without profit. It is better to use a special case loan when you know that you have extra assets to pay back if you lose the loan.
Taking loans isn't the problem, the problem is using it for the wrong purpose and how you intend to repay, it's okay if you wanna take up some loans to buy a DIP, and then gradually pay back via other viable sources. But where it's wrong is when you take up a loan, intending to pay invest the loan money and to repay with the profit gotten from that investment, especially when it involves crypto, you'll be making a terrible mistake because the crypto market is highly volatile and unpredictable, so assuming that you'll make profit enough to repay the loan before the loan's due date would be a terrible mistake.
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Here's what you need to know about how risky it can be to invest in crypto with your hard-earned funds. So when you invest with a loan that thought will increase manifold. When i collect my loan then i promise to pay something in return, such as paying $130 as a promise to take out a $100 loan. So when you are investing in crypto with a loan and making a loss you have to repay the loan along with the money pledged. Moreover no bank or any medium will give you a loan without profit. It is better to use a special case loan when you know that you have extra assets to pay back if you lose the loan.
Taking loans isn't the problem, the problem is using it for the wrong purpose and how you intend to repay, it's okay if you wanna take up some loans to buy a DIP, and then gradually pay back via other viable sources. But where it's wrong is when you take up a loan, intending to pay invest the loan money and to repay with the profit gotten from that investment, especially when it involves crypto, you'll be making a terrible mistake because the crypto market is highly volatile and unpredictable, so assuming that you'll make profit enough to repay the loan before the loan's due date would be a terrible mistake.
I agree, there's no harm in taking out a loan and the most important thing is that you have to be able to pay the installments on the loan for investing, so that it doesn't interfere with your daily activities, which might be disrupted if you can't pay the installments. It's a good idea after borrowing to properly analyze what we will invest in if possible when prices are being corrected, and we can get a cheap price. It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.
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Crypto can serve as an alternative source of income, not for one to fully become dependent on it because of its volatility. Based on crypto volatility, it would be wrong to take up a loan to invest in crypto, even when we are told that our future is secured with crypto investment and that we should invest and have a long-term goal.
Invest and having a long-term goal should be with our spare money not with a loan money that we are thinking of paying back with our job salaries that we are not sure whether we are going to stay up to our job for a year since the job sector is changing, AI is taking people's job
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But you have described situation for fiat loan. The story is completely different if you would have taken loan in Bitcoin. And it would be a total disaster if you havent negotiated loan conditions. A person could have taken Bitcoin in 2022, but will be asked to return $ in 2024.
I also think that way. Where can you get a loan that easily? We definitely have to provide collateral, right? Then, what about the installments? With the flowers? Even though the loan interest at the bank is really scary. Moreover, interest on online loans / rentiers, etc. Have they not thought about that? Usually, here, when borrowing money, there are 3 possibilities.
1. Loans in bank
If we borrow from a bank, then we must have collateral that must be used as collateral for our loan, and we will get the appropriate amount. And, we are also obliged to pay the installments + bank interest every month, and if we are late then it will be a problem. Even if we are three times late, we will usually get a warning letter and if there is no response for several months, the bank will confiscate our collateral, unless we are able to pay it.
The problem is, do we have the collateral and can we afford the installments + bank interest every month?
2. Personal loans
Even if we want to borrow from personal, is it possible for us to get a loan easily, up to 2-3 years, without monthly installments. and return it without any interest? I thought, it doesn't exist. Unless we borrow it from our relatives, maybe. That's all, we would really be immoral if we returned it for that long without interest or anything else, even though we ourselves are making a profit from the loan. So we just don't know ourselves.
3. If we make a loan to a certain party with maturity rules, usually only around 6 months maximum here, whether in other countries. and of course we will have collateral that must be put up as collateral. But I'm not sure if they want to lend it for more than 2 years. Even if it were possible, there would definitely be a lot of flowers. Just imagine, if you borrow from a bank within a certain period of time, the interest will be quite large, you know.
For me, I also prefer not to invest by taking loans. Better to invest as much as I can afford, but nor by taking loans.
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I misunderstood the objective, I thought people were talking about loans in the crypto world, you mean taking loans FOR buying crypto, that is definitely a wrong move. Do not take loans that you have to repay back easily, that just doesn't make sense at all, I personally would advice against that as much as I possibly could. I think it would result with you not knowing whats going on, and the best thing to do would be just avoiding everything in total, that will for sure be better for you, it would make things easier for you to handle at the same time as well, would be a smart move to do by just investing with what you already have.
I will give you a scenario:
For example, I took a $1000 loan back in 2022 and used that money to buy Bitcoins at that time and decided to hold it until the bull run. I'm capable of paying that loan in the span of 1-2 years. Let's say that the annual interest of my loan is around 10%. In 2 years, the amount of money that I will pay is $1,107.48. Now in the span of 2 years, how much do you think my $1000 now? My money is worth at least 3x already. The question is, is that a bad move? You know what's the price of Bitcoin in 2022 and now, right?
What I'm pointing out is, there's nothing wrong in getting a loan just to buy cryptocurrency like Bitcoin. There only are some things that you need to know.
1. You need to knowledgeable enough in what you're doing.
2. Make sure that you're capable of paying that loan in the whole duration.
There's nothing wrong in getting loan as long as you know what you're doing. If you're capable of paying it, and you believe that you will make more money by doing it then why not do it?
Your words are true and logical. If one can invest in a currency like Bitcoin with a loan then he can definitely be profitable in the long run. In this case I don't see taking loan as bad but taking loan is not possible for everyone. Especially those who do not have sufficient capacity to repay the loan. Those who have multiple sources of income or have the ability to repay the loan regularly can definitely be profitable if they invest in Bitcoin for the long term.
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One important thing to remember as a borrower is that we have to make sure we are able to pay what we owe in the timespan the lender has given us or else it is not nice but for some they still accept extension. We should also take knowledge into consideration as to where loan money will go whether crypto, stocks, bonds, precious metals and any other investments we know. The thing is we should have the idea if it really is worth the investment as we are taking risk here since the capital we have is a loan money. But if someone has to lend me money in the span of a ten year payment I think I'll go for crypto especially Bitcoin. 😅
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It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.
The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.
Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.
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It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.
The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.
Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.
It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.
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It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.
The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.
Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.
It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.
Wow, that's really scary, the money from the loan is better used for something that already provides certainty of making a profit. Meanwhile, if it is used for investment, it is very risky and I also do not recommend doing that. It's better to keep using money that is safe and not being used in the future. Moreover, there is no guarantee that Cryptocurrency can provide profits quickly. We know that all loans have a certain period of time and must be repaid immediately.
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Your words are true and logical. If one can invest in a currency like Bitcoin with a loan then he can definitely be profitable in the long run. In this case I don't see taking loan as bad but taking loan is not possible for everyone. Especially those who do not have sufficient capacity to repay the loan. Those who have multiple sources of income or have the ability to repay the loan regularly can definitely be profitable if they invest in Bitcoin for the long term.
Bitcoin needs a longer time to give you profit and I think there will be no one who will allow you such a large amount of money as a loan for such a longer time. Bitcoin profit is guaranteed but it is not guaranteed that when this profit will be easy for you to get and will become risky if the owner asks for his own money and the price of Bitcoin has not increased yet.
I think if a person has their own money and has the ability to repay the loan money then it is better to avoid taking loans and save little by little to make Bitcoin investment so in such case he will not be in worry to repay that amount to someone else and will be able to continue investment for longer time.
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I don't see it as a good or perfect idea for going to take loan in the name if having interest in cryptocurrency, this shouldn't be done, we already have what can make us to independently earn from this and make more money from it than the way it has always been with the fiat traditional currency we are used to before the set of crypto, when we have crypto and hold and wait for some time, we can earn from that alone without having to lend money from anywhere to make an investment on a volatile currency.
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I don't see it as a good or perfect idea for going to take loan in the name if having interest in cryptocurrency, this shouldn't be done, we already have what can make us to independently earn from this and make more money from it than the way it has always been with the fiat traditional currency we are used to before the set of crypto, when we have crypto and hold and wait for some time, we can earn from that alone without having to lend money from anywhere to make an investment on a volatile currency.
Every loan comes with interest either high or low but in most case, it comes with high interest rate and there is going to be a duration which that money most be return or else your interest will keep compounding until when you are ready to pay back, how do anyone in his right sense try this just because they want to invest in crypto, it wouldn't end well especially if the market doesn't go as expected.
If you are looking for investment in crypto, it should be from money you wouldn't need ur gently so you don't have to invest in crypto and fulfill your desire and then run around to look for a way to pay back if it doesn't work.
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I don't see it as a good or perfect idea for going to take loan in the name if having interest in cryptocurrency, this shouldn't be done, we already have what can make us to independently earn from this and make more money from it than the way it has always been with the fiat traditional currency we are used to before the set of crypto, when we have crypto and hold and wait for some time, we can earn from that alone without having to lend money from anywhere to make an investment on a volatile currency.
Every loan comes with interest either high or low but in most case, it comes with high interest rate and there is going to be a duration which that money most be return or else your interest will keep compounding until when you are ready to pay back, how do anyone in his right sense try this just because they want to invest in crypto, it wouldn't end well especially if the market doesn't go as expected.
If you are looking for investment in crypto, it should be from money you wouldn't need ur gently so you don't have to invest in crypto and fulfill your desire and then run around to look for a way to pay back if it doesn't work.
Sometimes there are some people who are tempted by the huge profits they can get from Cryptocurrency so they decide to trade using borrowed money. Of course they have considered how they will return the borrowed money with the interest that must be paid. People who have a high level of awareness would not risk their lives to make mistakes like that. We know that cryptocurrency price movements cannot provide a guarantee of always making a profit.
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It depends on the perspective. Cryptocurrency can be seen as good for loans in some cases, as it provides an alternative form of collateral for lenders and can potentially enable borrowers to access funds more quickly and with lower fees. Additionally, cryptocurrency loans can offer individuals with limited access to traditional banking services a way to access financing.
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Additionally, cryptocurrency loans can offer individuals with limited access to traditional banking services a way to access financing.
How exactly?
Why would anyone approve a crypto loan without verification or adequate collateral? If a bank doesn't trust someone to give a loan, why would it be any different in the crypto world?
Why does such a person become more acceptable if the money is in cryptocurrency?
I am very surprised by how many people accept online loans thing. Everyone somehow saw that the matter with the loan was completed through a couple of messages and that everyone was happy and satisfied.
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It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.
Wow, that's really scary, the money from the loan is better used for something that already provides certainty of making a profit. Meanwhile, if it is used for investment, it is very risky and I also do not recommend doing that. It's better to keep using money that is safe and not being used in the future. Moreover, there is no guarantee that Cryptocurrency can provide profits quickly. We know that all loans have a certain period of time and must be repaid immediately.
There is no need to worry about borrowing for an investment that we are going to make, because sometimes the existing funds are insufficient and there is no other way, we have to borrow from a bank that meets good requirements instead of borrowing from individuals with uncontrolled interest.
The main point in borrowing is to make sure that you have the ability to pay the installments that must be made, because if you don't have the ability, it is not advisable to borrow. But if you have personal funds, so you don't borrow, that's something to be grateful for and not everyone can do that.
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It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.
The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.
Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.
It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.
Wow, that's really scary, the money from the loan is better used for something that already provides certainty of making a profit.
actually not only in Profiteering mate instead for important matter that we reallyt needed and wanted to use and spend and not just for making money because the moment we took that loan it is automatically implanted with due and interest so better not to try at all.
Meanwhile, if it is used for investment, it is very risky and I also do not recommend doing that. It's better to keep using money that is safe and not being used in the future. Moreover, there is no guarantee that Cryptocurrency can provide profits quickly. We know that all loans have a certain period of time and must be repaid immediately.
and another thing is that you are risking money for trading and risking your chance of paying the loan , that is multiple obligation that for me is really a not so good plan .
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Bank gives long term and short term loans and all depends on the time you can repay the loan. If you collect the loan and pay Back within a period of 4 to 6 years then you will not have difficulty because before then the price of Bitcoin would have hit higher price for you to sell and payback the loan but when you take the loan for short term then you will have it face difficulty to payback because at that period if bitcoin has not risen then you can't meet up the deadline. But to say the truth it is not good to invest in Bitcoin with a loan. Your mind will not be at rest.
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Bank gives long term and short term loans and all depends on the time you can repay the loan. If you collect the loan and pay Back within a period of 4 to 6 years then you will not have difficulty because before then the price of Bitcoin would have hit higher price for you to sell and payback the loan but when you take the loan for short term then you will have it face difficulty to payback because at that period if bitcoin has not risen then you can't meet up the deadline. But to say the truth it is not good to invest in Bitcoin with a loan. Your mind will not be at rest.
I agree that to invest in Bitcoin we try to use the funds we have and that is very important, but we also have to understand that there are those who don't have the funds and there's no harm in taking out a loan. The most important thing is to be able to pay the installments on the loan and not disturb it. Daily needs activities that remain a priority.
Don't get used to the fact that we will use investment profits to pay off loans. We can be sure that we will be distracted and unfocused because there is a time when we can get profits, usually after the halving period is over.
Well, now is the right time for investment because the halving period has finished, and the 4-year period will occur next year in 2045, so it is likely that you will be able to pay off the loan quickly.
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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 don't like investing in cryptocurrencies with debt, it's a very bad thing. There are many people who invest in cryptocurrencies by taking loans and they get into a lot of trouble when the market gets dumped a lot. I saw an acquaintance of mine who bought cryptocurrency with a loan from a bank, then had to sell at a loss to pay off the loan because the market was dumping so much, and later mortgaged their land to someone else to pay off the loan because they couldn't pay off the full loan. So if a person does not have a fixed source of income then I think that person should not do anything by taking loans. If you want to invest in cryptocurrencies, it is definitely better to invest in DCA method by earning from cryptocurrencies.
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Bank gives long term and short term loans and all depends on the time you can repay the loan. If you collect the loan and pay Back within a period of 4 to 6 years then you will not have difficulty because before then the price of Bitcoin would have hit higher price for you to sell and payback the loan but when you take the loan for short term then you will have it face difficulty to payback because at that period if bitcoin has not risen then you can't meet up the deadline. But to say the truth it is not good to invest in Bitcoin with a loan. Your mind will not be at rest.
I agree that to invest in Bitcoin we try to use the funds we have and that is very important, but we also have to understand that there are those who don't have the funds and there's no harm in taking out a loan. The most important thing is to be able to pay the installments on the loan and not disturb it. Daily needs activities that remain a priority.
Don't get used to the fact that we will use investment profits to pay off loans. We can be sure that we will be distracted and unfocused because there is a time when we can get profits, usually after the halving period is over.
Well, now is the right time for investment because the halving period has finished, and the 4-year period will occur next year in 2045, so it is likely that you will be able to pay off the loan quickly.
If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
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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 don't like investing in cryptocurrencies with debt, it's a very bad thing. There are many people who invest in cryptocurrencies by taking loans and they get into a lot of trouble when the market gets dumped a lot. I saw an acquaintance of mine who bought cryptocurrency with a loan from a bank, then had to sell at a loss to pay off the loan because the market was dumping so much, and later mortgaged their land to someone else to pay off the loan because they couldn't pay off the full loan. So if a person does not have a fixed source of income then I think that person should not do anything by taking loans. If you want to invest in cryptocurrencies, it is definitely better to invest in DCA method by earning from cryptocurrencies.
Even the DCA method needs constant flow of income, because when the time comes to buy then the person have to buy at that time he as set for the purchase of the coin through the DCA pattern. So for one to enjoy the investment of bitcoin, he or she needs constant income inflow so that there will be no break. And if anyone taking debt to invest in bitcoin, the person will not have a good time to sleep well because he will be thinking how things are going to be. That is the highest investment plan. One can take loan to start up a business that can generate income everyday and not bitcoin. And through the business you are doing them you set out the DCA method to invest in bitcoin.
If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
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Even the DCA method needs constant flow of income, because when the time comes to buy then the person have to buy at that time he as set for the purchase of the coin through the DCA pattern. So for one to enjoy the investment of bitcoin, he or she needs constant income inflow so that there will be no break. And if anyone taking debt to invest in bitcoin, the person will not have a good time to sleep well because he will be thinking how things are going to be. That is the highest investment plan. One can take loan to start up a business that can generate income everyday and not bitcoin. And through the business you are doing them you set out the DCA method to invest in bitcoin.
There is absolutely nothing a Bitcoin enthusiast can do without an income flow, and this is the more reason we are told at first to have a source of income to make sure the process of accumulation is continuous, because consistency is the key to building a great Bitcoin portfolio. Bitcoin investment has risk attached and making a single mistake could end your holding career. You can imagine trying to make a Bitcoin transaction and you mistakenly sent it to a wrong Bitcoin address. Loans are not advisable to be used in your Bitcoin investment because it will only create more problems and the interest from the loan will definitely start increasing rapidly.
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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 don't like investing in cryptocurrencies with debt, it's a very bad thing. There are many people who invest in cryptocurrencies by taking loans and they get into a lot of trouble when the market gets dumped a lot. I saw an acquaintance of mine who bought cryptocurrency with a loan from a bank, then had to sell at a loss to pay off the loan because the market was dumping so much, and later mortgaged their land to someone else to pay off the loan because they couldn't pay off the full loan. So if a person does not have a fixed source of income then I think that person should not do anything by taking loans. If you want to invest in cryptocurrencies, it is definitely better to invest in DCA method by earning from cryptocurrencies.
Even the DCA method needs constant flow of income, because when the time comes to buy then the person have to buy at that time he as set for the purchase of the coin through the DCA pattern. So for one to enjoy the investment of bitcoin, he or she needs constant income inflow so that there will be no break. And if anyone taking debt to invest in bitcoin, the person will not have a good time to sleep well because he will be thinking how things are going to be. That is the highest investment plan. One can take loan to start up a business that can generate income everyday and not bitcoin. And through the business you are doing them you set out the DCA method to invest in bitcoin.
- I don't think it's fair, because from what I can see, it's really just China's strategy if they can do this, so that they can have a large number of Bitcoin and other top altcoins in the market that they can profit from. Especially since we are in the bull run season, many people are looking forward to this matter.
That's why it seems like China is just going along with the long-term holders of Bitcoin and other top altcoins in the market. Maybe they also notice that there are many other countries that have their own big investors who are obsessed with Bitcoin. So, I think things will be normal.
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
Yes, you are right. I agree with you. It is straightforward for a worker, regardless of salary, if he has the attitude to invest a little bit every month in bitcoins. We see that, at the end of the day, if a part of the setting remains, it helps us avoid danger. After all, it will be possible if you continue to invest in Bitcoin little by little.
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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?
When it comes on getting up some loan and investing on cryptocurrency and you are really that just relying into the returns or profits that you could really be able to get
from it then you are really just that digging your own grave. Why? you would really be just that basically making yourself putting up on huge trouble on the moment that you would
be needing to pay up those interest on monthly basis or even just paying up the whole amount in due time. You cant just rely with crypto profits because we do know
that this market isnt something that you could really be able to rely with.
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Yes, you are right. I agree with you. It is straightforward for a worker, regardless of salary, if he has the attitude to invest a little bit every month in bitcoins. We see that, at the end of the day, if a part of the setting remains, it helps us avoid danger. After all, it will be possible if you continue to invest in Bitcoin little by little.
Investing gradually to fill the tank is one of the best approach in the investment plan but most of them want to invest once at for all and they don't have the money to do that. Good investor always plan for himself when to invest. If someone invest every month with the percentage he has set aside for like two years then he will achieved enough BTC in the tank or portfolio.
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Yes, you are right. I agree with you. It is straightforward for a worker, regardless of salary, if he has the attitude to invest a little bit every month in bitcoins. We see that, at the end of the day, if a part of the setting remains, it helps us avoid danger. After all, it will be possible if you continue to invest in Bitcoin little by little.
Some people are in a desire to buy one Bitcoin at once but this is not possible all the time therefore the best idea to invest in Bitcoin is to save or invest some amount from your salary every month if you are able to manage home expenses well. Our dream will come true only if we try for it and accumulate little by little if we are not able to buy at a single try so at last we will see fruitful results of our efforts.
If you see that Bitcoin price is lower then don't stop to accumulate because that is the only time when your accumulation will give you something better during bull season. If you become afraid of dropping the value of Bitcoin then you will not only miss the opportunity but will also be deprived of making further accumulation due to lack of trust and knowledge.
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
I agree with you that it is not possible for a day laborer to keep a small amount in Bitcoin unless he has multiple income facilities. If one wants to accumulate bitcoins only by doing manual labor, even if he continues for a few days, it may not be possible to manage it regularly. And those who have a decent income especially those who do good jobs can easily manage DCA. However, even if someone has a high income, there is no way to say that he is financially well because there are many people who get high salary but that money runs out before the end of the month in different ways. Though it is not the same for everyone. And in the case of loans, those who have the ability to repay are eligible to receive loans.
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
I think you are wrong in this case, everyone can invest, even if they are construction workers, because I am a housewife, I can invest in Bitcoin and other crypto by just setting aside my spending money.
Everyone can invest if they have the intention and have a goal
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is not possible for a day laborer to keep a small amount in Bitcoin unless he has multiple income facilities. If one wants to accumulate bitcoins only by doing manual labor, even if he continues for a few days, it may not be possible to manage it regularly.
Indeed is not really possible for someone who barely take care of themselves to maintain a regular accumulation of Bitcoin especially the person that specialized on doing labouring work to gather money for Bitcoin investment, however in a case like that I would advise the person to work very hard and gather enough money that would be enough for him to establish a little business that would be fetching them some profits no matter how little it is but over time with consistency the business will appreciate.
So from there they could possibly start investing on Bitcoin because they have already established a source of income, so from the little profit they will be getting from the business will be enough to keep them consistent in accumulation of Bitcoin, and with this method the investor will hardly run into trouble while holding, so sometimes with a proper planning even when somebody doesn't have something to start with will be surprised with how far they will go on there Bitcoin investment.
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
I think you are wrong in this case, everyone can invest, even if they are construction workers, because I am a housewife, I can invest in Bitcoin and other crypto by just setting aside my spending money.
Everyone can invest if they have the intention and have a goal
Yes, its for everyone and it would really bej ust that wrong that you would really be making out those kind of limiting conditions about on whose the one would really be tending to invest.
We do know that as long you would really be that having the money to invest on then you could freely make out some decisions whether you would really be investing or not.
It all matters on how you would really be able to take the risks since not all would really be that able to bare up with the risks and would really be that much preferring
that they would really be wanting or liking on playing safe.
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I think you are wrong in this case, everyone can invest, even if they are construction workers, because I am a housewife, I can invest in Bitcoin and other crypto by just setting aside my spending money.
Everyone can invest if they have the intention and have a goal
I am saying this with an experience and not just saying it because I wanted to say it. A house wife can invest in bitcoin because she has an allowance and also a student can invest in bitcoin because he or she has an allowance, and a construction worker who works in company can invest in bitcoin without but a construction worker who hired by individual and there are times one full month he has not seen work to do. My sister it will be hard for that person to invest in bitcoin because definitely he will temper the investment to survive.
I am saying this out of experience. It is not because others can invest, we have to generalized it. Bitcoin investment needs constant income either monthly or weekly and aside that then the person must tempered the investment to survive and there is no dispute on that. And individual bricklayer construction worker who is not in a company but working alone hard to invest in bitcoin unless he is not yet married. "Experience is the best Teacher". And I don't know if you really get my point. I am talking about Artisan workers and not the industrial workers.
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You don't need to make two consecutive posts. Please make it into one post next time!!
Loans are not advisable to be used in your Bitcoin investment because it will only create more problems and the interest from the loan will definitely start increasing rapidly.
Everyone is expected to never take out loans to invest in Bitcoin. Bitcoin investment fundamentally is high risk because the price is unpredictable and no guarantee for profits. Bitcoin price is also easily changed, the raise and drop can be very extremely. If we don't use safe money, we may panic because of the changes. Moreover if we want to take profits soon, sometimes we need to wait for a long time because the price movement in Bitcoin takes time. I can't imagine if someone takes a loan and he must repay it soon. it must burden his mind because he probably wait for a long time and he can't repay it on time.
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I didn't notice it. I don't normally do such mistakes and this is my first time.i am seen this. When I received the notification from you I went there to check if I can see a delete link or button to delete one of them but I didn't see the delete option so if your can help me to delete the second one then I will be appreciated. Though they are all different information but I copied the second comment and will place it in the first comment as a quote. Thanks for understanding. Delete the second one.
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I didn't notice it. I don't normally do such mistakes and this is my first time.i am seen this. When I received the notification from you I went there to check if I can see a delete link or button to delete one of them but I didn't see the delete option so if your can help me to delete the second one then I will be appreciated. Though they are all different information but I copied the second comment and will place it in the first comment as a quote. Thanks for understanding. Delete the second one.
If you can't find the delete button, you can have 2 options:
1. Blank the post you want to delete. Write down "deleted" in the post.
2. Report the post to moderators. Use the button "Report to moderator" below your post.
I can understand it because I only see it for the first time. I know you are one of reputable members. Just never do it again in the future. ;)
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
I think you are wrong in this case, everyone can invest, even if they are construction workers, because I am a housewife, I can invest in Bitcoin and other crypto by just setting aside my spending money.
Everyone can invest if they have the intention and have a goal
That's one of the biggest misconceptions people have about Bitcoin investment, they believe that, to invest in Bitcoin or to begin your bitcoin accumulation journey, one needs to have a lot of money, which is very wrong, because all one needs is to have the right strategy and also a stream or source of income (no matter how small), but it needs to be able cover for your daily expenses, as well as some for your investment.
But it's also very important to first have an emergency fund and some reserve or float funds before starting your bitcoin accumulation just incase subsequent emergencies surfaces, to avoid one dipping into his investment to cover for those emergencies, which is very bad for investments and can disrupts the growth of the investment.
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
I think you are wrong in this case, everyone can invest, even if they are construction workers, because I am a housewife, I can invest in Bitcoin and other crypto by just setting aside my spending money.
Everyone can invest if they have the intention and have a goal
Yes, its for everyone and it would really bej ust that wrong that you would really be making out those kind of limiting conditions about on whose the one would really be tending to invest.
We do know that as long you would really be that having the money to invest on then you could freely make out some decisions whether you would really be investing or not.
It all matters on how you would really be able to take the risks since not all would really be that able to bare up with the risks and would really be that much preferring
that they would really be wanting or liking on playing safe.
There are no age and gender restrictions or rich or poor in making any investment, including crypto, as long as he has it and has the ability to invest. I totally agree, all decisions to make investments are the right of anyone who really wants to do it and there are no restrictions on that. The most important thing is that he will be able to bear all the risks that might occur due to what is done in making investments.
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It is straightforward for a worker, regardless of salary, if he has the attitude to invest a little bit every month in bitcoins. We see that, at the end of the day, if a part of the setting remains, it helps us avoid danger. After all, it will be possible if you continue to invest in Bitcoin little by little.
Of course you are right no matter how small somebody's salary is it can never make them to change there mind towards investing on Bitcoin unless they don't really want to invest on Bitcoin, so the only thing is just to have a passion for Bitcoin because I have actually seen numerous of people who doesn't have anything but yet they are accumulating as little as they can afford.
Well one of the things I understand is that most people misunderstand ways to invest on Bitcoin because they believe that since Bitcoin price has gone this far the only way for them to have a huge amount of Bitcoin is by investing huge amount of money when there source of income is not steady, on the contrary the best way is to buy slow and steady and before the person will realize he will be surprised to see the amount he has gotten.
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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?
Cryptocurrency isn't sufficient enough to be relied on for only source of income rather does taking loans from the bank just to invest seems a good approach.
Considering the volatile and unpredictable of crypto currencies, it's worth investing with amount to be affordable to loose and also holds as alternative source of income.
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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?
Cryptocurrency isn't sufficient enough to be relied on for only source of income rather does taking loans from the bank just to invest seems a good approach.
Considering the volatile and unpredictable of crypto currencies, it's worth investing with amount to be affordable to loose and also holds as alternative source of income.
You must have a source of income for you to invest in crypto if not it is useless because when you are faced with emergencies you will sell your crypto. Bitcoin especially is a long term investment and if you don't have a job or a means of income how will be be able to invest. Investing is done with money and it is very risky to take a loan to invest instead don't invest because it is not a do or die thing. If you must invest in crypto have a means of income first.
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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?
Cryptocurrency isn't sufficient enough to be relied on for only source of income rather does taking loans from the bank just to invest seems a good approach.
Considering the volatile and unpredictable of crypto currencies, it's worth investing with amount to be affordable to loose and also holds as alternative source of income.
I gave you 1+ Karma for this input. Many people are here arguing that bitcoin is for everyone therefore everyone can invest. We are not disputing the fact that bitcoin is not for everyone, bitcoin is for everyone but the investors need constant income to invest in bitcoin to sustain the investment because they don't have extra income and invest in bitcoin then there is high level of probability that they will visit the bitcoin investment and use the funds to survive because nobody will like to die when he has money to sustain himself for a while. And because of the logic, I brought about the bricklayer construction worker story but many people seeming to misunderstanding the logic here and all they understood is bitcoin is for everyone and everyone can invest in it.
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If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.
It is not even advisable for a manual labourer who is just a bricklayer to invest in bitcoin unless the person is working in warehouse, manufacturing companies or construction companies because those companies salary is high and he can do the mathematics to divide the salary into parts and invest in bitcoin with 1%. And using the DCA method to invest weekly or monthly all depends on the salary schedule.
I think you are wrong in this case, everyone can invest, even if they are construction workers, because I am a housewife, I can invest in Bitcoin and other crypto by just setting aside my spending money.
Everyone can invest if they have the intention and have a goal
Yes, its for everyone and it would really bej ust that wrong that you would really be making out those kind of limiting conditions about on whose the one would really be tending to invest.
We do know that as long you would really be that having the money to invest on then you could freely make out some decisions whether you would really be investing or not.
It all matters on how you would really be able to take the risks since not all would really be that able to bare up with the risks and would really be that much preferring
that they would really be wanting or liking on playing safe.
There are no age and gender restrictions or rich or poor in making any investment, including crypto, as long as he has it and has the ability to invest. I totally agree, all decisions to make investments are the right of anyone who really wants to do it and there are no restrictions on that. The most important thing is that he will be able to bear all the risks that might occur due to what is done in making investments.
This is actually the reason why I personally choose cryptocurrency investments compared to prioritizing centralized assets like precious metals, stocks, real estate and many others. We ordinary or average people can invest in crypto straight to the point we just need enough knowledge about it and then we're good to go but with centralized assets it's quite complicated and a bit stable. In crypto I can invest as much as I can without any hassle and BS and also it is inflation proof. I don't think we can invest in real estate and precious metals if we are poor though the word poor varies from one place to another since poor people in America has cars with them but here in my place they are just dependent to the government aid and to people who are working with a rate of $6 a day to feed the family I don't think they have time or extra money to spend to real estate or gold but with crypto they can buy shitcoins with that $6 and wait for it to gain value.
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I gave you 1+ Karma for this input. Many people are here arguing that bitcoin is for everyone therefore everyone can invest. We are not disputing the fact that bitcoin is not for everyone, bitcoin is for everyone but the investors need constant income to invest in bitcoin to sustain the investment because they don't have extra income and invest in bitcoin then there is high level of probability that they will visit the bitcoin investment and use the funds to survive because nobody will like to die when he has money to sustain himself for a while. And because of the logic, I brought about the bricklayer construction worker story but many people seeming to misunderstanding the logic here and all they understood is bitcoin is for everyone and everyone can invest in it.
Yep... agreed... the existence of Bitcoin cannot be used as a definite source of income, because the nature of Bitcoin and other cryptocurrencies is very volatile, so making Bitcoin or cryptocurrencies the only way to earn daily money is not wise. ..unless that person is Vitalik Buterin, the answer might be a little different.
I myself prefer to think of Bitcoin and cryptocurrency as additional income to help the main economy, so I never think about borrowing money for something that is uncertain and beyond my control... I can't manipulate the market, that's why, sometimes the direction of price movements not according to what I want... so the safest way is to use the money we have and that's free money.
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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?
Cryptocurrency isn't sufficient enough to be relied on for only source of income rather does taking loans from the bank just to invest seems a good approach.
Considering the volatile and unpredictable of crypto currencies, it's worth investing with amount to be affordable to loose and also holds as alternative source of income.
While many people look at taking a loan negatively, it is a positive thing to do. But of course, the things that we can give priority in taking a loan is that the loan can be taken for the purpose of buying a permanent property. If one wants to start a business for employment, it is not bad to take a loan. However, if a person wants to take a loan for cryptocurrency investment, it must be observed. Because cryptocurrencies are highly volatile, an investor can quickly lose his wealth and gain multiples of his wealth. The loan taker has to take decision by observing the interest rate and ROI ratio of the loan.
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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?
Cryptocurrency isn't sufficient enough to be relied on for only source of income rather does taking loans from the bank just to invest seems a good approach.
Considering the volatile and unpredictable of crypto currencies, it's worth investing with amount to be affordable to loose and also holds as alternative source of income.
I gave you 1+ Karma for this input. Many people are here arguing that bitcoin is for everyone therefore everyone can invest. We are not disputing the fact that bitcoin is not for everyone, bitcoin is for everyone but the investors need constant income to invest in bitcoin to sustain the investment because they don't have extra income and invest in bitcoin then there is high level of probability that they will visit the bitcoin investment and use the funds to survive because nobody will like to die when he has money to sustain himself for a while. And because of the logic, I brought about the bricklayer construction worker story but many people seeming to misunderstanding the logic here and all they understood is bitcoin is for everyone and everyone can invest in it.
You're right and so they're too. Thanks for appreciating my efforts with the karma.
Actually bitcoin said to be for everyone is literally that accessibility of anyone at wherever you maybe and the fact that it's a unifying currency that can be used to make payments and also, individuals can hold for assets. Also the fact that we can always invest with any affordable amount still, it's believed that most persons or Investors misconcepts with this fact that if a bitcoin enthusiast does not have a source of income rather than depending on bitcoin, there'd be panic and every reasons to sell their coins whether at profit made of lost count because humans can't resist essential consumptions such as consumable commodities, medics and even educational sectors which demands the need of money to get them.
So someone on the category of no other source of income investing on bitcoin will always end In regrets because they'd end sell their assets due to fomo that they can't afford the lost, or they're critically in need of funds to settle their most needs and by then, they'll be deemed to face looses instead of profiting.
So, bitcoin investment isn't for such persons.
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Actually bitcoin said to be for everyone is literally that accessibility of anyone at wherever you maybe...
We all know that bitcoin is for everyone but the question here again is that in the third world Nations how many people have the access to Internet when the average Nigeria is not living with a dollar a day. I don't analyse bitcoin investment with an imagination but with real events. The presidential aide in Nigeria currently serving said yesterday and today says. 63% of Nigerians are still moving with poverty. And you can see it from the newspaper.
(https://www.talkimg.com/images/2024/07/02/oC40a.jpeg)
Now can you tell me if that 63% can invest in bitcoin because they are not living with a dollar which is #1500 a day. Jesus, can you just imagine what those people are passing through and because people were saying that bitcoin is everyone there everyone can invest. Nobody has disputed the fact that bitcoin is not for everyone but not everyone can invest because of cost of living. And that was why I also brought that bricklayer story thinking that you would understand but it seems tht you analyze bitcoin investment base idealistic and not in realistic.
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Everyone is expected to never take out loans to invest in Bitcoin. Bitcoin investment fundamentally is high risk because the price is unpredictable and no guarantee for profits. Bitcoin price is also easily changed, the raise and drop can be very extremely. If we don't use safe money, we may panic because of the changes. Moreover if we want to take profits soon, sometimes we need to wait for a long time because the price movement in Bitcoin takes time. I can't imagine if someone takes a loan and he must repay it soon. it must burden his mind because he probably wait for a long time and he can't repay it on time.
One of the reasons why loan isn't a great choice for Bitcoin investment is the fact that, majority of loans comes with interest on a daily, weekly or monthly bases. However as the probable profit accumulates in Bitcoin your loan m interest also adds up which can in turn increase more than the profit you get from Bitcoin investment. Bitcoin is unlike some altcoins that has a more volatile nature, the price movement of Bitcoin is a bit slow and that is why it's also less riskier than other projects. Irrespective of its reputation, loans shouldn't be seen as an option for Bitcoin investment except you have a source of income for repayment other than your Bitcoin investment.
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I gave you 1+ Karma for this input. Many people are here arguing that bitcoin is for everyone therefore everyone can invest. We are not disputing the fact that bitcoin is not for everyone, bitcoin is for everyone but the investors need constant income to invest in bitcoin to sustain the investment because they don't have extra income and invest in bitcoin then there is high level of probability that they will visit the bitcoin investment and use the funds to survive because nobody will like to die when he has money to sustain himself for a while. And because of the logic, I brought about the bricklayer construction worker story but many people seeming to misunderstanding the logic here and all they understood is bitcoin is for everyone and everyone can invest in it.
Yep... agreed... the existence of Bitcoin cannot be used as a definite source of income, because the nature of Bitcoin and other cryptocurrencies is very volatile, so making Bitcoin or cryptocurrencies the only way to earn daily money is not wise. ..unless that person is Vitalik Buterin, the answer might be a little different.
I myself prefer to think of Bitcoin and cryptocurrency as additional income to help the main economy, so I never think about borrowing money for something that is uncertain and beyond my control... I can't manipulate the market, that's why, sometimes the direction of price movements not according to what I want... so the safest way is to use the money we have and that's free money.
- I understand the sentiments you're talking about here, and it's true that, like this, I also agree that it's not enough to be a Bitcoin investor; instead, you should also have your own stable income in your life, even more so. if you hold it long-term in our wallet account.
Because while we are waiting for the right time and period when it will be sold, we know that the return on the capital we made is good. There are days, weeks, or months that will pass for the right time in the bitcoin that we are holding. So, while we wait, we have to take care of our health and still support the people who are important to us, especially if we are family members. So, as much as possible we shouldn't take loan if we are not sure where we going to use the fund properly.
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You must have a source of income for you to invest in crypto if not it is useless because when you are faced with emergencies you will sell your crypto. Bitcoin especially is a long term investment and if you don't have a job or a means of income how will be be able to invest. Investing is done with money and it is very risky to take a loan to invest instead don't invest because it is not a do or die thing. If you must invest in crypto have a means of income first.
Those cannot make money from crypto who do not have any source of income because in crypto there is no guarantee that you will win or lose at first try so you have to put money again and again for which continuous earning from another job is necessary.
Another thing is that you must save some amount for yourself, your needs and other purposes because taking out money anytime from crypto is not possible so you will have to wait for market conditions to make profit.
Bitcoin needs longer timing to multiply and increases in value therefore don't expect that if you use your emergency fund then you will be successful without having any job because a job is necessary for investment.
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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?
Cryptocurrency isn't sufficient enough to be relied on for only source of income rather does taking loans from the bank just to invest seems a good approach.
Considering the volatile and unpredictable of crypto currencies, it's worth investing with amount to be affordable to loose and also holds as alternative source of income.
While many people look at taking a loan negatively, it is a positive thing to do. But of course, the things that we can give priority in taking a loan is that the loan can be taken for the purpose of buying a permanent property. If one wants to start a business for employment, it is not bad to take a loan. However, if a person wants to take a loan for cryptocurrency investment, it must be observed. Because cryptocurrencies are highly volatile, an investor can quickly lose his wealth and gain multiples of his wealth. The loan taker has to take decision by observing the interest rate and ROI ratio of the loan.
- Applying for a loan is only helpful if, for example, you are going through something where you need to borrow money due to an unexpected and dire need, or if you will use it in a business that you love and can afford, but you just don't have the capital to get started.
But if you only borrow and only have luxury for yourself, that's not good, even if you say you have a stable source of income. Maybe you can buy bitcoin or other altcoins that are listed on the top market. Since you have a stable job, this strategy is getting better and better.
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- Applying for a loan is only helpful if, for example, you are going through something where you need to borrow money due to an unexpected and dire need, or if you will use it in a business that you love and can afford, but you just don't have the capital to get started.
But if you only borrow and only have luxury for yourself, that's not good, even if you say you have a stable source of income. Maybe you can buy bitcoin or other altcoins that are listed on the top market. Since you have a stable job, this strategy is getting better and better.
Crypto should never be the main source of income. Because investing in crypto requires money. Moreover, it is not possible to earn money by entering cryptocurrency. This is the place for analysis. If someone keeps cryptocurrency as the main source of income in his life, he must be in trouble. And I think you should never invest anywhere with a loan. Because it can cause disruption in life. Because how can you guarantee that you will make a profit from this investment? It can also be loss. So one should never engage in any kind of risky business with loans. If you have a good source of income, you can get into crypto currency and start earning from it with time analysis.
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Cryptocurrency will not always give you profit. You are bound to incur losses at some point, and you must have a steady source of income to cover these losses. Moreover, trading in cryptocurrency with loans from banks is full of high risks. Because this money can be lost due to the volatility of the crypto market, and how will you repay your bank loan if the real money is lost? At that time you have to face many big problems. So trade crypto with that money, which you can afford to lose. And of course you must have a separate permanent source of income. So that if you fall into a loss then you can cover that loss very easily.
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Now can you tell me if that 63% can invest in bitcoin because they are not living with a dollar which is #1500 a day. Jesus, can you just imagine what those people are passing through and because people were saying that bitcoin is everyone there everyone can invest. Nobody has disputed the fact that bitcoin is not for everyone but not everyone can invest because of cost of living. And that was why I also brought that bricklayer story thinking that you would understand but it seems tht you analyze bitcoin investment base idealistic and not in realistic.
Bitcoin is not just about investment. You can tell them about decentralized people's currencies blah... blah.. blah... and then they respond well to your explanation so that they open up the opportunity to own or use bitcoin someday. When that happens, bitcoin is for them and they can welcome it any time.
"Money is a representation of your efforts, it can't feed you by itself. Likewise Bitcoin..."
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Now can you tell me if that 63% can invest in bitcoin because they are not living with a dollar which is #1500 a day. Jesus, can you just imagine what those people are passing through and because people were saying that bitcoin is everyone there everyone can invest. Nobody has disputed the fact that bitcoin is not for everyone but not everyone can invest because of cost of living. And that was why I also brought that bricklayer story thinking that you would understand but it seems tht you analyze bitcoin investment base idealistic and not in realistic.
Bitcoin is not just about investment. You can tell them about decentralized people's currencies blah... blah.. blah... and then they respond well to your explanation so that they open up the opportunity to own or use bitcoin someday. When that happens, bitcoin is for them and they can welcome it any time.
"Money is a representation of your efforts, it can't feed you by itself. Likewise Bitcoin..."
Before the invention of currency there were different ways our fathers and mothers were using to exchange things in the market and I also meant one method which is trade by barter or barter trade. And when finally because of capitalism selfish interest money was invented and it serve different purposes which bitcoin was also created upon but the different is that, fiat is physical which every see and use the hard copy to exchange goods or services but bitcoin is only foe internet so you don't have everyone to use it. Let me tell you something, in my country the government enact cashless policy for all the citizens to use internet to buy things and pay for services and this policy started from the previous government and gradually implemented by thr the present government and till now, 80% can't use it and many people don't even have the money because many are not with $1 a day. And if you understand my comments, it is very clear that bitcoin is for everyone to invest because it is an open source for all but not everyone have the resources to invest that is very simple realistic and from the image I showcase it has made everything clear.
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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 would strongly disagree with investing in debt. This is what I would call bullshit. Just because you're investing in cryptocurrency doesn't mean you'll become rich overnight. There is also the possibility of loss. How will you repay the loan if you face a loss after you invest with the loan? Your quality of life may decrease. Many people make their living from investing, in this case you need to be experienced and have a large investment portfolio. In this case you cannot avoid the possibility of loss.
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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 would strongly disagree with investing in debt. This is what I would call bullshit. Just because you're investing in cryptocurrency doesn't mean you'll become rich overnight. There is also the possibility of loss. How will you repay the loan if you face a loss after you invest with the loan? Your quality of life may decrease. Many people make their living from investing, in this case you need to be experienced and have a large investment portfolio. In this case you cannot avoid the possibility of loss.
You need to understand whether you have the ability to repay before taking a loan. You should only take a loan if you can repay the loan amount to the bank regularly from your current income. Otherwise you will get into financial crisis. If one thinks that he will invest and will repay the bank loan with the profit from that investment then it is absolutely a wrong idea. Taking loan is bad for those who fail to repay. But loans can create good opportunities for those who have the ability to repay.
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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 would strongly disagree with investing in debt. This is what I would call bullshit. Just because you're investing in cryptocurrency doesn't mean you'll become rich overnight. There is also the possibility of loss. How will you repay the loan if you face a loss after you invest with the loan? Your quality of life may decrease. Many people make their living from investing, in this case you need to be experienced and have a large investment portfolio. In this case you cannot avoid the possibility of loss.
You need to understand whether you have the ability to repay before taking a loan. You should only take a loan if you can repay the loan amount to the bank regularly from your current income. Otherwise you will get into financial crisis. If one thinks that he will invest and will repay the bank loan with the profit from that investment then it is absolutely a wrong idea. Taking loan is bad for those who fail to repay. But loans can create good opportunities for those who have the ability to repay.
I think I have to say the same as you, that there is no problem making a loan, that loans are not a strange thing in banking. Many large companies also use loans from banks to carry out production innovations. The most important thing is the ability to be able to pay the loan installments that we make and not interfere with our daily needs.
But I agree, don't try to use profits to pay off loans, as we know this investment takes quite a long time, and we don't know when we will receive profits. At least it takes 4 years to make a profit.
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According to me, investing in crypto is like a game in which it is do or die. In profit, it will cover all your expenses in a minute. Otherwise, it will give you a loss twice that amount. You just need to have luck on your side.
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Crypto should never be the main source of income. Because investing in crypto requires money. Moreover, it is not possible to earn money by entering cryptocurrency. This is the place for analysis. If someone keeps cryptocurrency as the main source of income in his life, he must be in trouble. And I think you should never invest anywhere with a loan.
Because it can cause disruption in life.
You are right but I disagree with you in some extend especially the aspect you mentioned that is not possible for someone to earn money by entering into cryptocurrency because if somebody cannot earn money from there cryptocurrency investment then there wouldn't be any need to venture into cryptocurrency because everybody's goal on there Bitcoin investment is to make profits.
But however you are very correct in the aspect you emphasize on having other sources of income because one of the thing about investment is that it makes more sense when we have other means of getting money instead of depending on there investment for there survival, also loan is the last thing somebody should consider in terms of there investment because the possibility of getting a good profits on a short term is not certain.
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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 would strongly disagree with investing in debt. This is what I would call bullshit. Just because you're investing in cryptocurrency doesn't mean you'll become rich overnight. There is also the possibility of loss. How will you repay the loan if you face a loss after you invest with the loan? Your quality of life may decrease. Many people make their living from investing, in this case you need to be experienced and have a large investment portfolio. In this case you cannot avoid the possibility of loss.
Yes you're absolutely correct, it'll be a ridiculous idea to take up loans simply because you intend to invest and make profits and then use that profit to repay the loan, that's nothing but a fool's thought and no reasonable person who has an idea of the nature of the crypto market, he'd be wise enough to know that the crypto market us the most volatile, unstable and unpredictable investment, so delving into it, assuming/hoping to just go into the crypto market and start making profits would be complete stupidity.
But although there could actually be exceptions to this, if the investor already has an active portfolio, then wish to seize an opportunity to buy a DIP , and has an alternative option to repay the loan, just incase things go wrong, which is definitely possible.
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Crypto should never be the main source of income. Because investing in crypto requires money. Moreover, it is not possible to earn money by entering cryptocurrency. This is the place for analysis. If someone keeps cryptocurrency as the main source of income in his life, he must be in trouble. And I think you should never invest anywhere with a loan.
Because it can cause disruption in life.
You are right but I disagree with you in some extend especially the aspect you mentioned that is not possible for someone to earn money by entering into cryptocurrency because if somebody cannot earn money from there cryptocurrency investment then there wouldn't be any need to venture into cryptocurrency because everybody's goal on there Bitcoin investment is to make profits.
But however you are very correct in the aspect you emphasize on having other sources of income because one of the thing about investment is that it makes more sense when we have other means of getting money instead of depending on there investment for there survival, also loan is the last thing somebody should consider in terms of there investment because the possibility of getting a good profits on a short term is not certain.
It's true, everyone has different opportunities, maybe there are some who can't make a profit from Cryptocurrency, but we also have to know that there are still many people who have managed to make a profit from Cryptocurrency. There are many ways to profit from Cryptocurrency. By participating in campaigns, airdrops or trading, we have the potential to make a profit. We must be active in Cryptocurrency so that the possibility of profit will be very higher than we think.
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Taking loan from a third party is not advisable for any reason, as others who made comments on this post has pointed out, investing is a risk always invest the amount of money you can afford to lose. The market can look like it's about going up and ends up coming down and lock up ur funds in loss, the ability of paying back the loan you've collected at an agreed period of time will likely become Impossible, because most times it takes a long time for the market to experience a bull run.
I'll advise you, do not take loan from bank or any third party for trading/investment, rather you can go into margin trading where you can take some leverage (borrow) from the exchange you are using to trade.
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Crypto is always a bad collateral for loans. It can go south any time of the day, or go great. However its volatility is something we know and I won't personally borrow against it because the value can tank and leave one stranded in the middle of the sea with no oars
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Remember, even if there is a win, even if you profit, if you do not profit more than what you have to repay, then you are making a loss. So lets assume that you took 10k loan, and you need to pay 500 each month, if you make 400 profit, then you are still in 100. People keep forgetting that part and that makes me super angry. There is absolutely no reason to keep thinking that if you profit, you are going to be fine. In many cases, people could still make some profit, because there are times when you make a lot of money, but if you miss that chance then you are going to end up with a huge loss. Don't take loans, just to invest into bitcoin.
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Crypto is always a bad collateral for loans. It can go south any time of the day, or go great. However its volatility is something we know and I won't personally borrow against it because the value can tank and leave one stranded in the middle of the sea with no oars
The op did not say about using cryptocurrency as a collateral for loan. Rather, he is saying about getting alone with whatever collateral you wish, then using the loan money to invest in cryptocurrency.
I consider this some kind of double risk, this is because investing in cryptocurrency is a big risk already and then taking a loan is another kind of risk. You should only embark on this if you are emotionally strong to bear this. Especially when the market is seriously on the red lane and the period for the loan is fast elapsing. I think this surely be a horrible experience.
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Cryptocurrencies are now famous all over the world, in my opinion cryptocurrencies are now the same as state currencies but there are differences. This cryptocurrency is in digital form and this country's currency is in cash, but digital currency is easier for us to carry out transactions without having to meet in person... I think this digital currency is a source of livelihood for many people and many people become rich by investing in currency. crypto money.
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Remember, even if there is a win, even if you profit, if you do not profit more than what you have to repay, then you are making a loss. So lets assume that you took 10k loan, and you need to pay 500 each month, if you make 400 profit, then you are still in 100. People keep forgetting that part and that makes me super angry. There is absolutely no reason to keep thinking that if you profit, you are going to be fine. In many cases, people could still make some profit, because there are times when you make a lot of money, but if you miss that chance then you are going to end up with a huge loss. Don't take loans, just to invest into bitcoin.
When we make a profit using the money we borrow, I think the profit we get is 2 times. The first is that we do not spend capital to get these profits, and the second is that we can feel real profits.
but on the contrary, if we lose then we will feel the loss twice as well. The first is that we don't enjoy the money I borrowed and the second is that we have to return the money we borrowed previously. So my advice is that we should consider it carefully when we think about taking out a loan.
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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 would strongly disagree with investing in debt. This is what I would call bullshit. Just because you're investing in cryptocurrency doesn't mean you'll become rich overnight. There is also the possibility of loss. How will you repay the loan if you face a loss after you invest with the loan? Your quality of life may decrease. Many people make their living from investing, in this case you need to be experienced and have a large investment portfolio. In this case you cannot avoid the possibility of loss.
You need to understand whether you have the ability to repay before taking a loan. You should only take a loan if you can repay the loan amount to the bank regularly from your current income. Otherwise you will get into financial crisis. If one thinks that he will invest and will repay the bank loan with the profit from that investment then it is absolutely a wrong idea. Taking loan is bad for those who fail to repay. But loans can create good opportunities for those who have the ability to repay.
- We know that it is not bad to borrow as long as we know how to return what we borrow. It just means that you are a responsible person to the person you trust to lend money to.
Because I'm honestly speaking, I tried to borrow money once, and the one who loaned me bought the top crypto in the market, and I held it long-term. After a few months passed, my capital for the crypto increased 7x, and I'm holding it now because, like others, I also have a price tag and I'm just waiting for it to sell.
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Cryptocurrencies are now famous all over the world, in my opinion cryptocurrencies are now the same as state currencies but there are differences. This cryptocurrency is in digital form and this country's currency is in cash, but digital currency is easier for us to carry out transactions without having to meet in person... I think this digital currency is a source of livelihood for many people and many people become rich by investing in currency. crypto money.
Been popular is different from been legally recognized as a settlement of debt, that's like been legal tender the way other local currencies are been used but cryptos don't have that recognition and it's not because of their volatility as we have usdt and other stablecoins that almost zero volatility and yet no country has announced it as a legal tender. The problem of money manage comes with alot of regulations and crypto doesn't want that and hence crypto for exchange will be hard a little.
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Cryptocurrencies are now famous all over the world, in my opinion cryptocurrencies are now the same as state currencies but there are differences.
Of course unlike those days when crypto was not popular but now it has become an investment diversification for so many people whereas some person diversify there physical investment into Bitcoin because they believe it has so much to offer in the future, though in as much as is very popular but there are still people who doesn't believe on the potential of Bitcoin but hopefully they would realize themselves soon to see the opportunity they are missing.
This cryptocurrency is in digital form and this country's currency is in cash, but digital currency is easier for us to carry out transactions without having to meet in person...
Of course that's actually one of the unique thing about Cryptocurrency because it doesn't only provide an opportunity for investment it also make things more easier for people to transact without stress of having to meet the person you are transacting with physically.
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Investing in cryptocurrencies can be extremely risky. Managing your social life or relying solely on crypto as your sole source of income requires careful planning and risk management. Relying solely on crypto for your income can be risky because if you lose a lot of money once, you will be hurt so you have to remember that if you want to do well, you have to be patient and take risks. Because it is as risky on one side as it is highly profitable on the other.
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I must say that ever business generally has some risk involved and as you know, business is a pool of risk. As there are fiat loans for businesses, I don't see it a bad idea getting a crypto, it depends on your loan purposes.
Getting a crypto loan for a crypto investment purposes may not be a good idea because the crypto market is very volatile except you can repay your loan the through other sources when the market goes bearish.
Getting a crypto loan for trading is good but, at least, you must be experienced in crypto trading to succeed.
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Cryptocurrency investment is a very good investment however taking a loan just to invest in cryptocurrency is not a good idea reason being that crypto investment is a very risky one especially investing on all this new coins, and since crypto is very volatile, it can rise and fall at anytime so is not a good idea to take loan from bank to invest in crypto.
I know of someone that took a loan from a bank just to invest in cryptocurrency, when he took the loan he invested but that particular coin he bought rise and he got double of what he invested but he decided to continue holding and some months later the coin lost value and he lost everything and he couldn't pay back the loan he collected and the his house which he used as collateral was taken away from him.
I will not advise anyone to take loan just to invest in cryptocurrency is very risky one can accumulate little by little, if you must take loan you must have a source of income which you can use to pay back the loan but if you don't have any source of income then there's no need to take a loan.
Before getting involve in cryptocurrency investment you need to have a source of income and you need to also create an emergency funds for yourself so you won't have to dip hands into the coin you are holding.
Having an emergency funds will help you solve issues that came unexpected and that will help secure your coin.
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We all know cryptocurrency investment is better then another investment. Many people has been economically established from this cryptocurrency market.
But it also true that it has some risk in cryptocurrency investment like others investment. So we have to more careful about coin choice and overall market information.
And my strong advice never invest on cryptocurrency from loan. It will impact on your mindset. And losing possibility will increase. I believe invest on cryptocurrency from loan is very bad.
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We all know cryptocurrency investment is better then another investment. Many people has been economically established from this cryptocurrency market.
While this is true, you can also say that cryptocurrency is a bad investment especially for those who lost their money investing into it.
It's better in terms of profits since it's more volatile compared to other investments, but the same reason why many are making money off of it is also the reason why they lost.
And my strong advice never invest on cryptocurrency from loan. It will impact on your mindset. And losing possibility will increase. I believe invest on cryptocurrency from loan is very bad.
It's all about the timing.
There's nothing about investing your money that came on a loan. TBH, I'm waiting for the bull run to happen so I can sell, and after that, I will wait for the bear market again then I will ask for a loan and will pay it on a monthly basis. There's a risk yes, but to mitigate it, I'll focus on Bitcoin and Ethereum I guess. Nevertheless, investing into cryptocurrency using the loaned money isn't a bad idea. I will not recommend it though because of the risk.
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When we make a profit using the money we borrow, I think the profit we get is 2 times. The first is that we do not spend capital to get these profits, and the second is that we can feel real profits.
but on the contrary, if we lose then we will feel the loss twice as well. The first is that we don't enjoy the money I borrowed and the second is that we have to return the money we borrowed previously. So my advice is that we should consider it carefully when we think about taking out a loan.
That's actually a good way to illustrate the advantages and disadvantages of borrowing money for trading because when you borrow money for trading and on the process the person was able to make a good profits out of it, it becomes more interesting because they would pay off there debts and still have more money to continue there trading and at that time the money will actually be a free money to them because they never work for it.
In other words the moment someone barrow money and could not utilize it very well and at the end they lose the money that is were the challenges will come because paying back will be the problem which is very wrong because in as much as there could be some chances of multiplying a borrowed money but I can never advise someone to go into that because is very risky and besides trading is like a gambling were we can hardly predict what will be the next move of the market.
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When we make a profit using the money we borrow, I think the profit we get is 2 times. The first is that we do not spend capital to get these profits, and the second is that we can feel real profits.
but on the contrary, if we lose then we will feel the loss twice as well. The first is that we don't enjoy the money I borrowed and the second is that we have to return the money we borrowed previously. So my advice is that we should consider it carefully when we think about taking out a loan.
That's actually a good way to illustrate the advantages and disadvantages of borrowing money for trading because when you borrow money for trading and on the process the person was able to make a good profits out of it, it becomes more interesting because they would pay off there debts and still have more money to continue there trading and at that time the money will actually be a free money to them because they never work for it.
In other words the moment someone barrow money and could not utilize it very well and at the end they lose the money that is were the challenges will come because paying back will be the problem which is very wrong because in as much as there could be some chances of multiplying a borrowed money but I can never advise someone to go into that because is very risky and besides trading is like a gambling were we can hardly predict what will be the next move of the market.
This is a double-edged sword for me because it has 2 sides which if we manage it wrongly it will cause quite big problems. It must be acknowledged that the risks are greater and we must be aware of that from the start before deciding to take out a loan.
If we only talk about profits, everyone will want to borrow because the profits are very tempting. Apart from not having to spend capital, we can also enjoy profits. but this is not easy to do, once again the risks are very big.
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When we make a profit using the money we borrow, I think the profit we get is 2 times. The first is that we do not spend capital to get these profits, and the second is that we can feel real profits.
but on the contrary, if we lose then we will feel the loss twice as well. The first is that we don't enjoy the money I borrowed and the second is that we have to return the money we borrowed previously. So my advice is that we should consider it carefully when we think about taking out a loan.
That's actually a good way to illustrate the advantages and disadvantages of borrowing money for trading because when you borrow money for trading and on the process the person was able to make a good profits out of it, it becomes more interesting because they would pay off there debts and still have more money to continue there trading and at that time the money will actually be a free money to them because they never work for it.
In other words the moment someone barrow money and could not utilize it very well and at the end they lose the money that is were the challenges will come because paying back will be the problem which is very wrong because in as much as there could be some chances of multiplying a borrowed money but I can never advise someone to go into that because is very risky and besides trading is like a gambling were we can hardly predict what will be the next move of the market.
This is a double-edged sword for me because it has 2 sides which if we manage it wrongly it will cause quite big problems. It must be acknowledged that the risks are greater and we must be aware of that from the start before deciding to take out a loan.
If we only talk about profits, everyone will want to borrow because the profits are very tempting. Apart from not having to spend capital, we can also enjoy profits. but this is not easy to do, once again the risks are very big.
Yeah that's true if profits was to only be the case everybody would have actually gone into borrowing because of the possible profits they would realized, however just like you said the risk is too much because if somebody go into trading with borrowed money the chances of getting anything from there remains 40% chances, though we no that there are some people who borrowed money and made a lot of profits out of it but however what work for someone may not actually work the same for another person but is surprising to see that most people go into borrowing because they saw people who borrowed money and made a lot of profit.
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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?
Even though Ive had to depend solely on crypto for income for my day to day livelihood (that of me and my family actually), I did not hesitate to start a business when the opportunity came.
In as much as I do not think it bad to depend on crypto for livelihood as long as enough is being earned, I still advice people to have a backup business, something they can always fall back to just incase a day comes when crypto is yet to pay for one reason or the other.
And as it concerns borrowing to invest in crypto.this is one of the biggest mistakes I've made actually, and I won't advice anyone to make same mistake, crypto prices can not be predicted, and you did be amazed that just when you thought that things are about to start hitting up, and you putting in your money, just then, everything will come crashing down again.
So, never borrow to invest in crypto, I borrowed $1,500 and invested it in an Altcoin that is very promising, hoping that by now, the price would have skyrocketed and selling some and paying off the loan won't be a problem, but as I speak, $1,500 has turned to $420 due to the current situation of the market, this is a great mistake I've made and never will I make same again..
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We all know cryptocurrency investment is better then another investment. Many people has been economically established from this cryptocurrency market.
But it also true that it has some risk in cryptocurrency investment like others investment. So we have to more careful about coin choice and overall market information.
And my strong advice never invest on cryptocurrency from loan. It will impact on your mindset. And losing possibility will increase. I believe invest on cryptocurrency from loan is very bad.
Talking about being better then there's no doubt about that but when it comes to assurance and guarantees then this is something that cant really be that you do just make up simply
drawn some conclusions on which we know that when it comes to this aspect then you should really know on what you are really that dealing into. Taking up some loan?
This isnt really that recommended on which it wouldnt really be that ideal on having this kind of approach because when it comes to investment on crypto then there's no way that
you could make out some fixed profiting situation because market is really that unpredictable.
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I must say that ever business generally has some risk involved and as you know, business is a pool of risk. As there are fiat loans for businesses, I don't see it a bad idea getting a crypto, it depends on your loan purposes.
Getting a crypto loan for a crypto investment purposes may not be a good idea because the crypto market is very volatile except you can repay your loan the through other sources when the market goes bearish.
Getting a crypto loan for trading is good but, at least, you must be experienced in crypto trading to succeed.
If I should advise anyone in taking loans for cryptocurrency trading then my first question is, do you have a guaranteed source of income aside crypto that can be used to settle the loan payment should in case things go sideways? If the answer is no, then you are taking too much of risk and I'm not part of it. No matter how reputable the project is, sometimes you might be correct with your analysis at buying at the dip with loans and expect the bull to create an increase in your portfolio. But sometimes the market can be manipulated and for it to recover to the normal trend it might take a while due to the weight of the manipulation, and that period must have added extra interest to your loan.
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I must say that ever business generally has some risk involved and as you know, business is a pool of risk. As there are fiat loans for businesses, I don't see it a bad idea getting a crypto, it depends on your loan purposes.
Getting a crypto loan for a crypto investment purposes may not be a good idea because the crypto market is very volatile except you can repay your loan the through other sources when the market goes bearish.
Getting a crypto loan for trading is good but, at least, you must be experienced in crypto trading to succeed.
If I should advise anyone in taking loans for cryptocurrency trading then my first question is, do you have a guaranteed source of income aside crypto that can be used to settle the loan payment should in case things go sideways? If the answer is no, then you are taking too much of risk and I'm not part of it. No matter how reputable the project is, sometimes you might be correct with your analysis at buying at the dip with loans and expect the bull to create an increase in your portfolio. But sometimes the market can be manipulated and for it to recover to the normal trend it might take a while due to the weight of the manipulation, and that period must have added extra interest to your loan.
I have read through your replies and I must say that all you have said is accurate. Taking crypto currency loan is very risky and as a matter of fact, it is highly volatile and not advisable to do so. This is why one is advised to trade with funds they could afford to lose because of the high volatile nature of crypto currency.
One should have a side job to support as a source of income because in some cases, one's expectations with regards to their Crypto investment might get stucked for a long time which already has been highlighted here and we all know that in some cases, it is difficult or would take some time for the market to pick up and the only remedy for such situation is a side job to pay back the loan. So you better think twice before going for such loan.
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I have read through your replies and I must say that all you have said is accurate. Taking crypto currency loan is very risky and as a matter of fact, it is highly volatile and not advisable to do so. This is why one is advised to trade with funds they could afford to lose because of the high volatile nature of crypto currency.
One should have a side job to support as a source of income because in some cases, one's expectations with regards to their Crypto investment might get stucked for a long time which already has been highlighted here and we all know that in some cases, it is difficult or would take some time for the market to pick up and the only remedy for such situation is a side job to pay back the loan. So you better think twice before going for such loan.
It is very obvious that all crypto trading or holding is risky but there are some risk which are not worth taking into consideration and that include taking loan for crypto trading. One of the greatest risks in crypto is when you go full into a coin and should in case anything happens, provided that it's your money in which you have spent on the coin then, it can be handled by yourself, probably if it didn't go well, you'll have quite some emotional breakdown but then you can still get back up and make another Investment when you recover. But when talking about loans, sometimes the loaners aren't patient enough to your stories and all they need is your repayment, and that could make you sell of the remaining of what's left from the coin and that wouldn't be a nice experience at all. Like I said earlier, your analysis may be correct but impatience or fear of losing everything might make you to sell off everything.
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- We know that it is not bad to borrow as long as we know how to return what we borrow. It just means that you are a responsible person to the person you trust to lend money to.
Because I'm honestly speaking, I tried to borrow money once, and the one who loaned me bought the top crypto in the market, and I held it long-term. After a few months passed, my capital for the crypto increased 7x, and I'm holding it now because, like others, I also have a price tag and I'm just waiting for it to sell.
People are always ready to take loans but they don't think about how to return that borrowed amount therefore if they unfortunately lose the borrowed amount then every way will be closed for them to make money to return the amount.
People often think about a way of returning money but after a loss they don't return money from that source but use that amount for investment and trading too due to which they also burnt that source which could help them to get rid of borrowed sum.
Everyone does find the way easier and profitable like you so it can also be possible that instead of making money they will put themselves in trouble after taking loan which they cannot return easily.
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- We know that it is not bad to borrow as long as we know how to return what we borrow. It just means that you are a responsible person to the person you trust to lend money to.
Because I'm honestly speaking, I tried to borrow money once, and the one who loaned me bought the top crypto in the market, and I held it long-term. After a few months passed, my capital for the crypto increased 7x, and I'm holding it now because, like others, I also have a price tag and I'm just waiting for it to sell.
People are always ready to take loans but they don't think about how to return that borrowed amount therefore if they unfortunately lose the borrowed amount then every way will be closed for them to make money to return the amount.
People often think about a way of returning money but after a loss they don't return money from that source but use that amount for investment and trading too due to which they also burnt that source which could help them to get rid of borrowed sum.
Everyone does find the way easier and profitable like you so it can also be possible that instead of making money they will put themselves in trouble after taking loan which they cannot return easily.
Any one without a source of income should not engage in cryptocurrency investment, I'm still surprise why some people will engage in cryptocurrency investment without having a source of income and will go and borrow in other to invest in crypto, any one who borrows just to invest in cryptocurrency really don't understand what cryptocurrency investment is and that is why I will always advise people to engage in studying about cryptocurrency before talking about investing.
A lot of people really don't understand what is cryptocurrency they only heard of it and felt is the best investment to go into and make a lot of money, some people sees cryptocurrency investment as ponzi scheme were you can just invest and start getting money quickly.
Anyone going into cryptocurrency investment without a source of income should not bother investing Because cryptocurrency investment involves patience, you need to have patience in other to make profit.
Taking loan so you can invest in cryptocurrency is a wrong and should not be encouraged.
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I will say that a loan or a credit is already bad, because you are creating a loop in which you can get caught. If one does not have funds, then a person looks for all available methods, because it is like an instinct for self-survival, and since it is a cryptocurrency, you can really lose everything. But if this loan is a way of earning and everything is calculated and you have sources of financing, that is, the risks are reduced, then it is only a business. And when someone who doesn't have money looks at someone like that and it seems to him that everything is easy. This is where failure can happen and you can lose everything.
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One can make cryptocurrency the only source of income if that person invested in some good coin such as bitcoin or any other altcoin that seems so reliable, maybe also doing some trading that he could be getting some profits from it at the end of the month or weeks depending on their interest and point of seriousness to concentrate and focused on their earnings.
There people who lost focused because they weren't stable and also have other things they could be doing in real life that makes them lose focused. If proper manager and discipline one could make heavy money from cryptocurrency and I think there is a thread that comprises of what one could do to start earning from cryptocurrency.
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I must say that ever business generally has some risk involved and as you know, business is a pool of risk. As there are fiat loans for businesses, I don't see it a bad idea getting a crypto, it depends on your loan purposes.
Getting a crypto loan for a crypto investment purposes may not be a good idea because the crypto market is very volatile except you can repay your loan the through other sources when the market goes bearish.
Getting a crypto loan for trading is good but, at least, you must be experienced in crypto trading to succeed.
If I should advise anyone in taking loans for cryptocurrency trading then my first question is, do you have a guaranteed source of income aside crypto that can be used to settle the loan payment should in case things go sideways? If the answer is no, then you are taking too much of risk and I'm not part of it. No matter how reputable the project is, sometimes you might be correct with your analysis at buying at the dip with loans and expect the bull to create an increase in your portfolio. But sometimes the market can be manipulated and for it to recover to the normal trend it might take a while due to the weight of the manipulation, and that period must have added extra interest to your loan.
Crypto is not a business and due to its volatile nature taking loans to buy crypto or trade because it is an unpredictable thing. Trading is like gambling and taking a loan to trade is double loss. You don't take a loan to invest in bitcoin because it is a long-term investment which should be done with one's extra funds and not even money for your important needs. I think taking loan to put in crypto without you having a means of paying back the loan is the same thing as gambling.
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This is a double-edged sword for me because it has 2 sides which if we manage it wrongly it will cause quite big problems. It must be acknowledged that the risks are greater and we must be aware of that from the start before deciding to take out a loan.
If we only talk about profits, everyone will want to borrow because the profits are very tempting. Apart from not having to spend capital, we can also enjoy profits. but this is not easy to do, once again the risks are very big.
Yeah that's true if profits was to only be the case everybody would have actually gone into borrowing because of the possible profits they would realized, however just like you said the risk is too much because if somebody go into trading with borrowed money the chances of getting anything from there remains 40% chances, though we no that there are some people who borrowed money and made a lot of profits out of it but however what work for someone may not actually work the same for another person but is surprising to see that most people go into borrowing because they saw people who borrowed money and made a lot of profit.
I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.
We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.
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I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.
We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.
Borrowing money for crypto has a very high risk, we should not do it. Because our predictions in trading or investment are not necessarily always right, if we make wrong predictions many times and the money we use for trading or investment is borrowed money, it will actually be a burden on our minds.
We just save little by little for crypto investment, if we are consistent then it will also accumulate a lot.
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I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.
We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.
Considering how volatile and how unpredictable the market can be, I wouldn't advice anyone into investing with loans. Long term projects can sometimes go against our prediction when there is a news that sellers and buyers start reacting to. A great Bitcoin or crypto enthusiast could pop up any day and say something related to a project and that could affect the price value positively or negatively depending on what he or she says as buyers or sellers responds. Being unpredictable is enough to prove that loans aren't a good idea for trading cryptocurrency.
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I must say that ever business generally has some risk involved and as you know, business is a pool of risk. As there are fiat loans for businesses, I don't see it a bad idea getting a crypto, it depends on your loan purposes.
Getting a crypto loan for a crypto investment purposes may not be a good idea because the crypto market is very volatile except you can repay your loan the through other sources when the market goes bearish.
Getting a crypto loan for trading is good but, at least, you must be experienced in crypto trading to succeed.
If I should advise anyone in taking loans for cryptocurrency trading then my first question is, do you have a guaranteed source of income aside crypto that can be used to settle the loan payment should in case things go sideways? If the answer is no, then you are taking too much of risk and I'm not part of it. No matter how reputable the project is, sometimes you might be correct with your analysis at buying at the dip with loans and expect the bull to create an increase in your portfolio. But sometimes the market can be manipulated and for it to recover to the normal trend it might take a while due to the weight of the manipulation, and that period must have added extra interest to your loan.
A lot can be done with loan. Many of those who have become big businessmen today, despite having money, they do business with loans. A big advantage here is that you get the benefit of investing here without owning your own money and also get a chance to profit from it. But the main thing is that you must be able to repay the loan. Taking a loan is certainly not bad if it can be repaid. Taking a loan in cryptocurrency is viewed differently by many because cryptocurrency is volatile in nature with high potential for profit and loss. If one has any other financial source then taking loan and investing is definitely a good decision.
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Any one without a source of income should not engage in cryptocurrency investment, I'm still surprise why some people will engage in cryptocurrency investment without having a source of income and will go and borrow in other to invest in crypto, any one who borrows just to invest in cryptocurrency really don't understand what cryptocurrency investment is and that is why I will always advise people to engage in studying about cryptocurrency before talking about investing.
A lot of people really don't understand what is cryptocurrency they only heard of it and felt is the best investment to go into and make a lot of money, some people sees cryptocurrency investment as ponzi scheme were you can just invest and start getting money quickly.
Anyone going into cryptocurrency investment without a source of income should not bother investing Because cryptocurrency investment involves patience, you need to have patience in other to make profit.
Taking loan so you can invest in cryptocurrency is a wrong and should not be encouraged.
People are a part of crypto investment without any other income source because they assume that crypto investment is so easy that it will give them salary smoothly but this is not a fact. If they don't possess any job and they start to invest in crypto with their own little amount or borrowed amount from others then here is the process of borrowing initiates and a person always focuses on getting money from others instead of doing any job to cover his expenses.
Those individuals are not using their mind who listens from others and believe their words easily so they are engaging themselves in a process that is worthy for others who are educated but ignorant people are getting nothing from it therefore it is essential to understand that your profit is dependent on percentage of your knowledge so you can decide about your success by deciding about your learning before investment.
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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?
Borrowing is not really increasing our assets.. moreover taking risks with money that is not even ours, is a very terrible decision... several times I heard advice from people here to invest in cryptocurrency using money that we can afford to lose... and that is at least better than having to invest using borrowed money....
Everyone here seems to agree, that borrowing money to invest in cryptocurrency cannot be used as a stepping stone to a settled condition... we must learn to be patient to manage the assets we have first, starting from small and then slowly starting to grow.
As for steady income (as a dependable income to live on) from cryptocurrency, it exists... and some people do get paid from cryptocurrency... steady work may be very difficult, unless he is a professional.
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I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.
We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.
Borrowing money for crypto has a very high risk, we should not do it. Because our predictions in trading or investment are not necessarily always right, if we make wrong predictions many times and the money we use for trading or investment is borrowed money, it will actually be a burden on our minds.
We just save little by little for crypto investment, if we are consistent then it will also accumulate a lot.
Borrowing or taking loan to invest in cryptocurrency is a very bad decision to make, anyone that will do such really do not know anything about cryptocurrency, a lot of people when they hear that cryptocurrency made or has made a close friend or family relative rich they rush into it without knowing anything about cryptocurrency those are the people that mostly take loans just invest in cryptocurrency because no one who knows how cryptocurrency works will go and borrow money or take loan to invest.
When going into cryptocurrency is best you invest with the best coin in the world which is Bitcoin, if you are working and you receive salary no need to borrow or take loans to invest in it just remove a percentage from your salary weekly or monthly and put it your Bitcoin investment and be consistent in doing it and also have patience, there are people who started there Bitcoin accumulation journey 10 years ago and till now they are still holding but they have made huge profit Bitcoin investment is about being consistent and patient.
A lot of people borrow or take loan to accumulate more coin so they can make huge amount of profit when the value of the coin has gone high, and they later enter into trouble.
Greed has made a lot of people lose a lot, a greed person into cryptocurrency investment always fine his or her self losing money.
The reasons why people borrow money or take loan is because of greed and lack of knowledge about cryptocurrency.
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In my opinion it is not important to have so much confidence in the current because I think it is totally wrong to invest in a saturated currency with a loan from the bank. Because there is a profit in the currency markets and sometimes there is a loss. And that's why I don't think it's necessary to take so much risk. Don't be so dependent on a little currency, keep working as much as you can, you can earn some income from here. So I would say keep working slowly and invest half of your money here.
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I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.
We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.
Borrowing money for crypto has a very high risk, we should not do it. Because our predictions in trading or investment are not necessarily always right, if we make wrong predictions many times and the money we use for trading or investment is borrowed money, it will actually be a burden on our minds.
We just save little by little for crypto investment, if we are consistent then it will also accumulate a lot.
Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.
In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.
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I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.
We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.
Borrowing money for crypto has a very high risk, we should not do it. Because our predictions in trading or investment are not necessarily always right, if we make wrong predictions many times and the money we use for trading or investment is borrowed money, it will actually be a burden on our minds.
We just save little by little for crypto investment, if we are consistent then it will also accumulate a lot.
Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.
In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.
And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
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And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
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It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
If we use the loan money for crypto investment, we have a big pressure if the market trend is beyond our expectation. Moreover, the loan must have a deadline for the repayment. So we do not have a freedom in determining the time for exit (taking profits). I actually avoid this because we may decide something in hurry in this situation. It is much better to use our own money, it is not really necessary to use huge funds. We must remember people saying "use the money that we can afford to lose". Don't forget about this!!
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Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.
In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.
And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
Actually, in any case, making hasty decisions is not good, especially this is closely related to money, which we all know is very sensitive to our lives, especially when we experience loss of money.
That is one of the things to worry about when using money from loans. This will also be closely related to our mentality, and we all know that in trading and investment mentality is an important factor.
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It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
If we use the loan money for crypto investment, we have a big pressure if the market trend is beyond our expectation. Moreover, the loan must have a deadline for the repayment. So we do not have a freedom in determining the time for exit (taking profits). I actually avoid this because we may decide something in hurry in this situation. It is much better to use our own money, it is not really necessary to use huge funds. We must remember people saying "use the money that we can afford to lose". Don't forget about this!!
Exactly. Investing doesn't just use lust, Lust wants to get big profits in a short time, but without analysis and calculations.
Invest with money that we do not allocate for short-term and urgent needs.
Because whatever form of investment there will always be a risk.
When we experience a loss, then it is likely that our other assets will also be eroded because of this.
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Invest with money that we do not allocate for short-term and urgent needs.
Because whatever form of investment there will always be a risk.
When we experience a loss, then it is likely that our other assets will also be eroded because of this.
At first, it is always advised to invest with spare cash or funds you could afford to lose if the situation of the market is not in favour or the risk is very high. Normally, investment is risky not to talk of one investing in Crypto which we all know how it seems to be most times.
Setting out a separate fund for investment would mean you using money you would not likely turn to use when ever you have financial challenges because sometimes things might happen along the lines and what you could only remember to touch at that moment is your investment which you have direct access to and it possibly is a long term investment but because of the situation of things, you have to fall back to it and possibly the investment might be down below the price you invested in earlier before then. So this would make you be at loss of you decide to touch your investment at that point in time. This is why one is advised to invest with spare funds they could do without in tough situations when it arises.
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Actually, in any case, making hasty decisions is not good, especially this is closely related to money, which we all know is very sensitive to our lives, especially when we experience loss of money.
That is one of the things to worry about when using money from loans. This will also be closely related to our mentality, and we all know that in trading and investment mentality is an important factor.
I don't think big problem when using loan for trading in cryptocurrency but has income source for loan interest payment not depend with profitable earn from trading.
Actually trading can guarantee with profitable consistency and some time take time waiting earn much profitable and we have deadline for loan interest payment.
Take loan on the right time when trading in cryptocurrency, if moment market crash bitcoin have more lower price you can use loan for trading will minimalize risk but if getting loan when market bearish I don't sure will profitable or not.
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Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.
In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.
When people are panicking, such things will actually make us often wrong in determining attitudes. Instead of solving the problem, new problems can arise, so I remind you again never to borrow money to invest or trade crypto.
Even if we are forced to not have capital, it is better to join the Bounty Event, signature or do Airdrop first. Later after we get the reward, then we can use it as capital to trade here.
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Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.
In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.
When people are panicking, such things will actually make us often wrong in determining attitudes. Instead of solving the problem, new problems can arise, so I remind you again never to borrow money to invest or trade crypto.
Even if we are forced to not have capital, it is better to join the Bounty Event, signature or do Airdrop first. Later after we get the reward, then we can use it as capital to trade here.
I agree, only own funds are worth trying to work with, so there wouldn't be wrong actions in the long run.
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Investing in cryptocurrencies can be extremely risky. Managing your social life or relying solely on crypto as your sole source of income requires careful planning and risk management. Relying solely on crypto for your income can be risky because if you lose a lot of money once, you will be hurt so you have to remember that if you want to do well, you have to be patient and take risks. Because it is as risky on one side as it is highly profitable on the other.
Buried with you is that investing in crypto is risky and especially taking out loans. However the growing demand for cryptocurrencies, the combination of new technologies and the interest of big investors in this market are making the crypto world richer every day. Investing in cryptos has to be done with skill, because you have to have the skill to understand when the market will go in which direction.
You need to buy the right coin at the right time and always take advantage of the best coin when the price is low. Invest according to your amount of money and never rush to invest according to other person advice.
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When people are panicking, such things will actually make us often wrong in determining attitudes. Instead of solving the problem, new problems can arise, so I remind you again never to borrow money to invest or trade crypto.
Even if we are forced to not have capital, it is better to join the Bounty Event, signature or do Airdrop first. Later after we get the reward, then we can use it as capital to trade here.
I agree, only own funds are worth trying to work with, so there wouldn't be wrong actions in the long run.
Using your own funds is certainly safer and calmer, because even if we lose the burden we bear is not too heavy.
Because if the loan funds we still think about paying it from the person who lent it to us.
However, in Cryptocurreny investment is not that simple, even though using our own funds we must still be careful in determining the coins we buy.
This is done to minimize the losses that we will suffer.
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Actually, in any case, making hasty decisions is not good, especially this is closely related to money, which we all know is very sensitive to our lives, especially when we experience loss of money.
That is one of the things to worry about when using money from loans. This will also be closely related to our mentality, and we all know that in trading and investment mentality is an important factor.
I don't think big problem when using loan for trading in cryptocurrency but has income source for loan interest payment not depend with profitable earn from trading.
Actually trading can guarantee with profitable consistency and some time take time waiting earn much profitable and we have deadline for loan interest payment.
Take loan on the right time when trading in cryptocurrency, if moment market crash bitcoin have more lower price you can use loan for trading will minimalize risk but if getting loan when market bearish I don't sure will profitable or not.
actually no one said it was a problem, it's just that the risk we have to take is a big risk so we have to be able to really consider it so that it doesn't become a problem in the future.
If you think from that direction maybe it will look fine, we can still pay the loan from our fixed income. But we also have to be able to consider that money from our income can be used for other needs than to pay the loan. But this will return to our respective opinions.
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In my opinion it is not important to have so much confidence in the current because I think it is totally wrong to invest in a saturated currency with a loan from the bank. Because there is a profit in the currency markets and sometimes there is a loss. And that's why I don't think it's necessary to take so much risk. Don't be so dependent on a little currency, keep working as much as you can, you can earn some income from here. So I would say keep working slowly and invest half of your money here.
I disagree with you based on the fact that it is not wrong to invest in a saturated asset. There is nothing wrong with investing in a currency that is flooded by investors as long as the currency is limited in circulation. Bitcoin has a limited supply and soon when the majority we are expecting begins to adopt Bitcoin there will be high demand for it that is when the value starts increasing and only those who have adopted Bitcoin will profit.
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And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.
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And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.
A lot of people coming into cryptocurrency investment really don't understand how crypto works, if you don't understand how cryptocurrency works you will make a lot of mistakes that you will live to regret, some people see cryptocurrency investment as a Ponzi scheme were you will invest and get a huge amount of profit in some days, and that is why you see some people especially newbies making a lot of mistakes some don't even know the right coin to invest in and that is why is always advised to learn about cryptocurrency very well don't rush into it very fast without having knowledge about it.
People who will take loan to invest in cryptocurrency are people who don't understand how cryptocurrency works, I really don't understand how people will go into cryptocurrency investment without having any knowledge about it, crypto investment is a very technical investment one needs patience in other to become successful in cryptocurrency investment without patience is impossible to become successful because when you buy a coin it takes time for it to increase in value and price and it may even fall in price instead of increasing is highly volatile and that is why taking loan to invest in crypto is a very wrong move.
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And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.
Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
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Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.
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Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.
That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.
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Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.
That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.
Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.
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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 don't think that it is advisable for any individual to depend on crypto as only source of income, come to think of it crypto is technology and investment and I believe it should be treated as one, there should not be any form of over burden on it, being a crypto enthusiast does not mean that you shouldnt have other things you do to get money, in real sense crypto is not a job itself as such being an investment, an investor must have a source of income before having aindset of investing because the sustenance of your cryptocurrency investment is dependent on your other earnings, as an investor, you can't achieve a bulky portfolio in cryptocurrency without investing continually with either small amount of money or whichever way you chose, if not, your investment may be tempered as a result of total dependency on your existing asset which is not right.
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And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.
It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.
It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.
It's the risk that is involved in crypto investment that makes it for someone to take loans and then re-invest it in the market. But with the whole volatility on some coins, others says that it's really bad to do that and you don't know if you can repay the loan on time as for sure you are going to get the payment from your investment. So the question is, what if your investment didn't return as what you expect? Where are you going to get the money then for repayment? And so that will be a huge disaster if you take that route and it might stress you out to even withdraw your investments but then you still have to pay your loan.
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I don't think that it is advisable for any individual to depend on crypto as only source of income, come to think of it crypto is technology and investment and I believe it should be treated as one
Investment meaning is primarily to obtain an additional source of income (https://www.maxlifeinsurance.com/blog/investments/what-is-investment)
it should be something to secure your future with and not just your present you can’t depend on crypto for your main source of income because of its volatility and unpredictability especially if you have a family and you are providing for them if things come to worst you might not get a consistent source of income with crypto
in real sense crypto is not a job itself as such being an investment,
investing in crypto is not a job however there are things related to crypto that could serve as one for example if you are a developer then you can work for a company or you can start your own company with crypto
crypto is a vast industry and you can make a lot of money with it you just need to keep looking
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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 don't think that it is advisable for any individual to depend on crypto as only source of income, come to think of it crypto is technology and investment and I believe it should be treated as one, there should not be any form of over burden on it, being a crypto enthusiast does not mean that you shouldnt have other things you do to get money, in real sense crypto is not a job itself as such being an investment, an investor must have a source of income before having aindset of investing because the sustenance of your cryptocurrency investment is dependent on your other earnings, as an investor, you can't achieve a bulky portfolio in cryptocurrency without investing continually with either small amount of money or whichever way you chose, if not, your investment may be tempered as a result of total dependency on your existing asset which is not right.
I completely agree with you. It is not good decision to depend only on cryptocurrency for money. Crypto investments can be unpredictable and change quickly so it is important you must have other ways to earn money. Think of crypto as technology and investment not for main job. Having steady income from other sources help you to invest in crypto more wisely and regularly without relying on your existing crypto assets.
This kind of good approach reduces risks and help you to make better investment decisions. By having multiple sources of income we can build stronger and more stable financial future for our life as well as for our family.
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If there is a success story of someone who borrows thousands of USD from a bank, then gets a big profit from buying BTC when the market is bearish, then sells when the market is bullish... that can happen, but how likely is it that it will happen to us when we imitate it??? no one knows.... instead of discussing loans to be risked, it is better to focus on the main job that brings greater profits so that you can invest in crypto with even more amounts.
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If there is a success story of someone who borrows thousands of USD from a bank, then gets a big profit from buying BTC when the market is bearish, then sells when the market is bullish... that can happen, but how likely is it that it will happen to us when we imitate it??? no one knows.... instead of discussing loans to be risked, it is better to focus on the main job that brings greater profits so that you can invest in crypto with even more amounts.
Taking loan from bank to invest on cryptocurrency is not a good risk to take at all, even though you know someone that has done it before and it worked for him or her is not advisable that you try it because cryptocurrency is very volatile and anything can happen at any time, a lot of people are in big debt right now because of taking loans and investing it on cryptocurrency and it failed them, I know of a lady in my home town who was into cryptocurrency investment she loved cryptocurrency so much and she was making huge amount of money from it, so one day she decided to expand and then went to take loan in a Bank and then used the loan money to invest in a certain cryptocurrency and she lost the money and she sold all her properties and brought out all her saves to pay off the debt after that payment she became broke till date and she has stopped crypto investment.
Instead of you to borrow money or take loan from bank or anywhere why not accumulate Bitcoin little by little, and before you think of going into crypto investment you need to have a source of income, that means you need to have something doing were you will be getting paid weekly or monthly, if you don't have a source of income then don't bother going into crypto investment because you will fail.
A lot of people really don't understand how crypto investment works one needs money to going into such investment without having money is impossible to succeed in crypto investment.
No one should borrow money or take loan just to invest in crypto.
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Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.
That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.
Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.
Taking a loan for crypto investment is likely a bit risky and possibly not worth it. Wether you have done your research analysis or not, it just happens that one can not be able to predict the Crypto market in entirety because you never can tell what would be the next step in direction. Sometimes the market gets trapped and can remain at a particular position for a long time and tell me if you depends on the market to bring you profit from which you would repay the loan in a short time as agreed and the trap or dip exceeds the time for your loan repayment how would you do that when it happens you depends on the investment to repay your loan. Here pannic sets in and it is either you pannic sell at loss to pay which I believe would not be up to he exact value invested and also mortgaging yourself.
I think buying at dip would be great if using loan so that if anything happens the effect would not be that much of a burden on the investor.
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Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.
That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.
Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.
Taking a loan for crypto investment is likely a bit risky and possibly not worth it. Wether you have done your research analysis or not, it just happens that one can not be able to predict the Crypto market in entirety because you never can tell what would be the next step in direction. Sometimes the market gets trapped and can remain at a particular position for a long time and tell me if you depends on the market to bring you profit from which you would repay the loan in a short time as agreed and the trap or dip exceeds the time for your loan repayment how would you do that when it happens you depends on the investment to repay your loan. Here pannic sets in and it is either you pannic sell at loss to pay which I believe would not be up to he exact value invested and also mortgaging yourself.
I think buying at dip would be great if using loan so that if anything happens the effect would not be that much of a burden on the investor.
It's a very big risk and not calculated at all, normally when you take loan you're in debt for a certain period, so imagine taking a loan of 2weeks to a month interval to invest of Bitcoin that's meant for long term purpose so you're right, it's not worth it at all and failure to clear the debt could attract some embarrassment, the worst is taking loans to invest on pump and dumps, one could be lucky to profit from it but it's not advisable and if things goes wrong, it's like shooting ones self one the leg, atleast one could endure the embarrassment and pay up when they profit from Bitcoin over long-term but how would they pay up when they invest on pump and dumps that could get their funds liquidated, well none them is advisable, that's why an investor must be sure they have a source of income before investing on any Cryptocurrency.
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Have anyone see news where Celcius sues Tether[1]? While i don't know which one will win, it shows complexity of lending cryptocurrency. The term expect Celcius to match BTC collateral with amount of USDT they borrow, but they refused to send more BTC when it's price going down.
[1] https://btctimes.com/tether-responds-to-2-4-billion-lawsuit-filed-by-celsius-network/ (https://btctimes.com/tether-responds-to-2-4-billion-lawsuit-filed-by-celsius-network/)
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Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.
I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.
That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.
Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.
Taking a loan for crypto investment is likely a bit risky and possibly not worth it. Wether you have done your research analysis or not, it just happens that one can not be able to predict the Crypto market in entirety because you never can tell what would be the next step in direction. Sometimes the market gets trapped and can remain at a particular position for a long time and tell me if you depends on the market to bring you profit from which you would repay the loan in a short time as agreed and the trap or dip exceeds the time for your loan repayment how would you do that when it happens you depends on the investment to repay your loan. Here pannic sets in and it is either you pannic sell at loss to pay which I believe would not be up to he exact value invested and also mortgaging yourself.
I think buying at dip would be great if using loan so that if anything happens the effect would not be that much of a burden on the investor.
It's a very big risk and not calculated at all, normally when you take loan you're in debt for a certain period, so imagine taking a loan of 2weeks to a month interval to invest of Bitcoin that's meant for long term purpose so you're right, it's not worth it at all and failure to clear the debt could attract some embarrassment, the worst is taking loans to invest on pump and dumps, one could be lucky to profit from it but it's not advisable and if things goes wrong, it's like shooting ones self one the leg, atleast one could endure the embarrassment and pay up when they profit from Bitcoin over long-term but how would they pay up when they invest on pump and dumps that could get their funds liquidated, well none them is advisable, that's why an investor must be sure they have a source of income before investing on any Cryptocurrency.
At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
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Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
Yes, the best way is to use the money that we can afford to lose. If we do this, we won't get a problem even if we fail to success in trading or investing in crypto. We know there is no guarantee to success in crypto. Crypto is high risk because it is very volatile and can't be predicted. That's why it is not recommended to use loan money. If we get losses, it will be a big problem if we use loan money. We also will get a big pressure in trading or investing because loan may have a deadline for the repayment.
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
Crypto investment is per individual. You don't invest with borrowed money in what you don't have control of. In the same way as our tomorrow's life and job are, we can't dictate what it will be like tomorrow and the rest days; that's what crypto investment is like. The future of it, is unpredictable, treat it with carefulness to avoid making big mistakes to regret on.
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
In my opinion, I do not see borrowing money to invest in crypto as a bad idea, it depends on individual investment strategies and experience on the crypto economy. I think that with high level of crypto knowledge, loan borrowed for crypto investment can be managed successfully. As you may know, every investment has its own risk and even investing on stocks, FX, and commodities with borrowed money has its own risk too. In think that generally, every every investments with borrowed money has certain risk and it is good to have a knowledge before investing.
Business is defined as a pool risk, some times we take some risk to be successful.
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
In my opinion, I do not see borrowing money to invest in crypto as a bad idea, it depends on individual investment strategies and experience on the crypto economy. I think that with high level of crypto knowledge, loan borrowed for crypto investment can be managed successfully. As you may know, every investment has its own risk and even investing on stocks, FX, and commodities with borrowed money has its own risk too. In think that generally, every every investments with borrowed money has certain risk and it is good to have a knowledge before investing.
Business is defined as a pool risk, some times we take some risk to be successful.
Your point of view is very reasonable and important. The way you think about borrowing money to invest in crypto shows that you know how to properly assess risks and opportunities. You are absolutely right that any investment involves risk and investing in stocks, FX or debt products is no exception.
Your comment highlights the importance of risk and knowledge very well. In business, it may be necessary to take some risks, and taking the right risks at the right time is a skill to be successful.
Do you use any specific risk management strategies when investing in crypto?
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
Crypto investment is per individual. You don't invest with borrowed money in what you don't have control of. In the same way as our tomorrow's life and job are, we can't dictate what it will be like tomorrow and the rest days; that's what crypto investment is like. The future of it, is unpredictable, treat it with carefulness to avoid making big mistakes to regret on.
One thing I tell my friends when ever they want to invest in Crypto is to always do their research properly before investing and if they deem any project worth investing, they should use their spare funds for such investment because the crypto market is very volatile and risky because of it's nature and they should always be at alert to watch out for market trends to be on the safe side.
I am always of the opinion advising not to borrow for Crypto investment because no one knows the next step in the market trend. Just last week Bitcoin touched $70k dollars and all of a sudden it dropped to $48k within few hours. You see these are the kind of things we see on crypto space and we tell investors how it works they should at least listen because they never can tell as they have no experience.
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In my opinion, I do not see borrowing money to invest in crypto as a bad idea, it depends on individual investment strategies and experience on the crypto economy. I think that with high level of crypto knowledge, loan borrowed for crypto investment can be managed successfully. As you may know, every investment has its own risk and even investing on stocks, FX, and commodities with borrowed money has its own risk too.
Even if someone has good knowledge about crypto investment, it never guarantees to get profits. Crypto prices will be always unpredictable and the market trend easily changes. No one really knows the future of certain coins, it may be good or bad. With this condition, I prefer to suggest anyone to invest with their own money. If they fail, they won't think to pay to other people at least. It will be too risky to invest with loan money whatever the reason is. The level of knowledge and good strategies never guarantee the success. Always be careful in crypto investment, don't act recklessly.
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In my opinion, many people believe that taking a loan to invest in crypto can be a risky move, especially if the market is down. There is always the possibility of loss, and there is immediate pressure to repay the loan. So, it depends on your financial situation and risk taking capacity. Some people can successfully profit from crypto, but it may not have the same results for every person. And if you don't succeed, your life will be wasted and you will eventually be penniless to pay off your debts.
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In my opinion, many people believe that taking a loan to invest in crypto can be a risky move, especially if the market is down. There is always the possibility of loss, and there is immediate pressure to repay the loan. So, it depends on your financial situation and risk taking capacity. Some people can successfully profit from crypto, but it may not have the same results for every person. And if you don't succeed, your life will be wasted and you will eventually be penniless to pay off your debts.
Borrowing money for crypto investment or trading does have a high risk, therefore we should avoid it. The high fluctuation of Crypto prices makes it impossible for us to make correct predictions, and we will have big problems if we make the wrong move. Our assets will decrease in value, and our burden will increase because what we use is borrowed money.
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In my opinion, many people believe that taking a loan to invest in crypto can be a risky move, especially if the market is down. There is always the possibility of loss, and there is immediate pressure to repay the loan. So, it depends on your financial situation and risk taking capacity. Some people can successfully profit from crypto, but it may not have the same results for every person. And if you don't succeed, your life will be wasted and you will eventually be penniless to pay off your debts.
Borrowing money for crypto investment or trading does have a high risk, therefore we should avoid it. The high fluctuation of Crypto prices makes it impossible for us to make correct predictions, and we will have big problems if we make the wrong move. Our assets will decrease in value, and our burden will increase because what we use is borrowed money.
I have never borrowed money to invest in crypto, because as I said the risk is very high. We plan to invest to increase income, but if we use borrowed money and suddenly the market experiences a long correction while we have to pay interest on the loan we will have difficulty, we should avoid this. Use money that is truly free, because no one can predict the market accurately, crypto is very volatile. don't let us be wrong
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I have had such ideas before (taking loan to invest in crypto), and right now I'm glad I didn't follow such unwise idea.
I prefer to stay away from CC/loans as it keeps my mind free.
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I believe that loan and invest is unpredictable in the cryptocurrency market. Because we can see that many people take loan from bank, but atlast we can see that they will face problem. We also think and remember that crypto loan is a high risky for us. It also indicates that borrowed money is very risk for any person, because when we pay it’s interest it will be most difficult. So if we avoid the loan,it’s the right decision for us.
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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.
There is nothing wrong in borrowing to invest as long as the terms are flexible for you and your business plan is nice enough to get you back profits enough to cover loans and costs
Let's start with why you are taking the loan because if you don't have a valid reason why, then there is no reason to do so in the first place. Crypto loans are flexible and nice especially if you are to be making use of a somewhat stable or less volatile coin like USDT which is pegged to a fiat currency. Anyways if you are going to be making use of volatile currencies of the likes of bitcoin, then it's very important that both parties come to agreement on payments and probably interest.
In such a case the loan should be calculated in terms of units of the coin and not in a fiat equivalent like USD. This will prevent cheating on any side if eventually there is a significant price shift in the currency.
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
Things may always go south even if the odds seem to be on our side. It's essential to stay responsible and think twice before going on such steps regarding the funds that may be gained or lost. I agree with you both.
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At first, before one should have a thought of obtaining loan for crypto investment, one should have a backup plan otherwise they just might end up going bankrupt or mortgaging themselves. Crypto is very risky and highly volatile and as such, does not require such approach towards it. This is the reason why it is advisable to invest with funds we can afford to lose. There is a reason why experts came up with such phrase because they have done their cross examination and have drawn to conclusions based on their findings that such phrase should be adhered to in other to avoid unexpected turn of event.
Your words are right, invest using funds that we are ready to lose because anything can happen when investing in crypto. do not use borrowed money to invest in crypto because we will suffer bankruptcy if the market does not go as we predicted..
Things may always go south even if the odds seem to be on our side. It's essential to stay responsible and think twice before going on such steps regarding the funds that may be gained or lost. I agree with you both.
The uncertainty in Crypto warrants one to always be on guard. Using your spare funds will help you alot because you would not mind waiting till the market picks up as a result of the financial backings you already have from other source. You know when you have other sources of livelihood, the funds you invest in a business would not bother you because you already know the nature of the investment you went into so that puts you in the safe side of not panic selling but rather hold to make profit when the business eventually picks up to a profit zone. Somit is in Crypto.
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In my opinion, many people believe that taking a loan to invest in crypto can be a risky move, especially if the market is down. There is always the possibility of loss, and there is immediate pressure to repay the loan. So, it depends on your financial situation and risk taking capacity. Some people can successfully profit from crypto, but it may not have the same results for every person. And if you don't succeed, your life will be wasted and you will eventually be penniless to pay off your debts.
Borrowing money for crypto investment or trading does have a high risk, therefore we should avoid it. The high fluctuation of Crypto prices makes it impossible for us to make correct predictions, and we will have big problems if we make the wrong move. Our assets will decrease in value, and our burden will increase because what we use is borrowed money.
Sometimes we as humans are desperate to find money loans to trade and invest in Cryptocurrency. But we do not know that there is no guarantee in Cryptocurrency to always provide profit. Even the money obtained from the loan also gets interest fees that must be paid so that it will only make us feel stressed every day.
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In my opinion, many people believe that taking a loan to invest in crypto can be a risky move, especially if the market is down. There is always the possibility of loss, and there is immediate pressure to repay the loan. So, it depends on your financial situation and risk taking capacity. Some people can successfully profit from crypto, but it may not have the same results for every person. And if you don't succeed, your life will be wasted and you will eventually be penniless to pay off your debts.
Borrowing money for crypto investment or trading does have a high risk, therefore we should avoid it. The high fluctuation of Crypto prices makes it impossible for us to make correct predictions, and we will have big problems if we make the wrong move. Our assets will decrease in value, and our burden will increase because what we use is borrowed money.
Sometimes we as humans are desperate to find money loans to trade and invest in Cryptocurrency. But we do not know that there is no guarantee in Cryptocurrency to always provide profit. Even the money obtained from the loan also gets interest fees that must be paid so that it will only make us feel stressed every day.
Yes there are many investors who plan to take loans to profit from crypto. Loan money is not bad for any investment. We avail and accept loan facilities for investing in various stock markets. If I find that potential in crypto, that's definitely a good deal. Although the risk here is higher than other markets, the profits will be higher if you invest with proper knowledge and good observation. Loan facilities are not suitable for everyone who cannot afford the repayments against the loan and if they take a loan it can be a suicidal decision.
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In my opinion, many people believe that taking a loan to invest in crypto can be a risky move, especially if the market is down. There is always the possibility of loss, and there is immediate pressure to repay the loan. So, it depends on your financial situation and risk taking capacity. Some people can successfully profit from crypto, but it may not have the same results for every person. And if you don't succeed, your life will be wasted and you will eventually be penniless to pay off your debts.
Borrowing money for crypto investment or trading does have a high risk, therefore we should avoid it. The high fluctuation of Crypto prices makes it impossible for us to make correct predictions, and we will have big problems if we make the wrong move. Our assets will decrease in value, and our burden will increase because what we use is borrowed money.
Sometimes we as humans are desperate to find money loans to trade and invest in Cryptocurrency. But we do not know that there is no guarantee in Cryptocurrency to always provide profit. Even the money obtained from the loan also gets interest fees that must be paid so that it will only make us feel stressed every day.
Yes there are many investors who plan to take loans to profit from crypto. Loan money is not bad for any investment. We avail and accept loan facilities for investing in various stock markets. If I find that potential in crypto, that's definitely a good deal. Although the risk here is higher than other markets, the profits will be higher if you invest with proper knowledge and good observation. Loan facilities are not suitable for everyone who cannot afford the repayments against the loan and if they take a loan it can be a suicidal decision.
It's a terrible idea to take out a loan to invest in crypto, because it's very risky. Unless we have other money to fall back on if the crypto price drops, we still have a reserve of money to pay off our loan installments. It's better to invest in crypto with cold hard cash, that's what I've been doing.
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It's a terrible idea to take out a loan to invest in crypto, because it's very risky. Unless we have other money to fall back on if the crypto price drops, we still have a reserve of money to pay off our loan installments. It's better to invest in crypto with cold hard cash, that's what I've been doing.
I agree, it would end badly for everybody involved, usually ;D Better yet wait it out and try things differently.
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It's a terrible idea to take out a loan to invest in crypto, because it's very risky. Unless we have other money to fall back on if the crypto price drops, we still have a reserve of money to pay off our loan installments. It's better to invest in crypto with cold hard cash, that's what I've been doing.
You're right. It is not a good idea to invest with loan money. If we take a loan, we will have the deadline to repay the loan. We may also have the loan interest. This will make a pressure for us, we are possible to lose focus because of this matter. That's why it is not advisable to have loan money. We must be aware that using safe money is the best way. Although we don't have much money, but using safe money won't burden us. We also can focus on the target of our investment. We can keep the coins for years without any pressure.
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The answers that will appear will definitely be many different but i think that cryptocurrencies can certainly be used as a source of income, but you have to have other sources of income to avoid losing liquidity, regarding whether it is good to buy crypto with borrowed money, actually it is legal, as long as you are able to pay each installment or you have a stable source of income that can cover the installments then continue because cryptocurrencies, especially bitcoin, have become a safe haven.
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The idea of taking loans to invest in crypto is a risky thing to do because the market is an unpredictable market and If prices drop, it might be hard to repay the loan, leading to financial problems with no immediate solutions. To live comfortably, how much crypto you need depends on your lifestyle and living costs but it is not wise to depend only on crypto for your income. It is best to have other sources of income as well, so you’re not in trouble if the crypto market takes a downturn and you are at loss.
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The idea of taking loans to invest in crypto is a risky thing to do because the market is an unpredictable market and If prices drop, it might be hard to repay the loan, leading to financial problems with no immediate solutions. To live comfortably, how much crypto you need depends on your lifestyle and living costs but it is not wise to depend only on crypto for your income. It is best to have other sources of income as well, so you’re not in trouble if the crypto market takes a downturn and you are at loss.
I agree with you, crypto is a risky investment, usually we should invest in crypto that money which money we can afford to loss, because it is uncertain. It can go down at any time. Crypto investing is always a highly volatile investment, it is impossible to predict which direction the market will go. Unpredictability of the market and sudden fall in prices can make your financial situation difficult. So you should always invest a sum which if lost will not affect your life journey. You stop wasting your income, and start investing that wasted spending, and hold it for a long time.
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I agree with you, crypto is a risky investment, usually we should invest in crypto that money which money we can afford to loss, because it is uncertain. It can go down at any time. Crypto investing is always a highly volatile investment, it is impossible to predict which direction the market will go. Unpredictability of the market and sudden fall in prices can make your financial situation difficult. So you should always invest a sum which if lost will not affect your life journey. You stop wasting your income, and start investing that wasted spending, and hold it for a long time.
The truth is that there's no money anyone can afford to lose. Losing money most times gives us some emotional down time but we will surely get back from the mood. What I will prefer is that before going into any investment or trade, have a good source of income so you don't end up crying over your loses for long. Thats why we should avoid taking loan to invest in crypto or for trading. Except you have gotten to a stage where you trust your self to make profits from such money. Aside that, the market is too volatile to take loans and trade.
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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.
Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.
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You want to take loans in one currency that is not the one you want to buy stuff with, which means you'd have to take on a foreign exchange fee or a trading fee to get the one you want?
How does that make any sense?
If you take a loan in USDT, you can't settle most real-world transactions with that, you need USD. So you'd need to sell the USDT for USD and then when you go repay the loan you'd have to take on a second trading fee to get back USDT.
And that's when dealing with stablecoin loans. Imagine taking out loans in volatile cryptocurrencies.
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You want to take loans in one currency that is not the one you want to buy stuff with, which means you'd have to take on a foreign exchange fee or a trading fee to get the one you want?
How does that make any sense?
If you take a loan in USDT, you can't settle most real-world transactions with that, you need USD. So you'd need to sell the USDT for USD and then when you go repay the loan you'd have to take on a second trading fee to get back USDT.
And that's when dealing with stablecoin loans. Imagine taking out loans in volatile cryptocurrencies.
That would be just disastrous, really ;D Don't even want to imagine a scenario like that for somebody, sheesh.
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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.
Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.
Totally depends into someones risks management when it comes into this aspect. You would really be finding yourself to be that confident if you are really just that making use of your
own salary or money since you do know that you wont owe something from other people or in banks or financing or whatsoever correlated to it. Therefore, if you would really be
having those plans on trying out to take up some loan then it would really be just that important that you should really know on what are your obligations and never ever
make yourself that missed out those payments yet interest would fucked you up on long term runs.
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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.
Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.
Totally depends into someones risks management when it comes into this aspect. You would really be finding yourself to be that confident if you are really just that making use of your
own salary or money since you do know that you wont owe something from other people or in banks or financing or whatsoever correlated to it. Therefore, if you would really be
having those plans on trying out to take up some loan then it would really be just that important that you should really know on what are your obligations and never ever
make yourself that missed out those payments yet interest would fucked you up on long term runs.
I agree. Everybody's responsibility going forward, especially after signing the obligations that you are okay with.
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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.
Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.
If you use money that is the result of a loan or from someone else, of course, there will be something that is stuck because there is a burden that must be calculated. It will be very different if we use funds that are not used, aka reserve funds, then we don't have to worry too much if the funds are lost because the investment is at a loss.
But it does not mean that you should not borrow for an investment, if we already have confidence that what we are doing is going well and just need to expand with a new capital loan. But indeed, for crypto investment you must really analyze it well and accurately before making an investment, if you want to be safe. Of course bitcoin is the best investment and has a small risk.
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Taking loan to invest in cryptocurrency, it's a No for me especially when the person taking the loan sees cryptocurrency as the same means of repaying back the loan he/she took. Cryptocurrency investment, as we've all said is very risky, because there are times when a particular coin experiences a long term dip, that can reduce the value of any investor's portfolio. So, by taking a loan for such investment purposes, knowing fully well that you don't have other options for payment than the supposed crypto profits, then it means someone just want to take a risk.
But it does not mean that you should not borrow for an investment, if we already have confidence that what we are doing is going well and just need to expand with a new capital loan. But indeed, for crypto investment you must really analyze it well and accurately before making an investment, if you want to be safe. Of course bitcoin is the best investment and has a small risk.
That confidence can shatter in the blink of an eye when things turn out to go the opposite way. This is crypto, and we all understand how swift the price can move (both upward and downward). I agree with you that Bitcoin is less volatile, because of how quick it is in making recovery, which still put its investors on a safer side. But at the end of the day, the person borrowing funds for crypto investment will definitely be given a period to repay the loan. And when the expected profits hasn't been realized within that deadline, then there will be some issues.
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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.
Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.
If you use money that is the result of a loan or from someone else, of course, there will be something that is stuck because there is a burden that must be calculated. It will be very different if we use funds that are not used, aka reserve funds, then we don't have to worry too much if the funds are lost because the investment is at a loss.
But it does not mean that you should not borrow for an investment, if we already have confidence that what we are doing is going well and just need to expand with a new capital loan. But indeed, for crypto investment you must really analyze it well and accurately before making an investment, if you want to be safe. Of course bitcoin is the best investment and has a small risk.
We should stay aware of the risks in place, meaning that even if we think that our plan will succeed with the funds acquired through the loan, it may not go as planned, it's natural. And we should do so only if we really, really have the odds in our favor or some backup, knowing fully well that if we fail, we will roll back where we started. Not fall into the abyss of sorts ;D
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Taking a loan from bank becomes a burden on our life and it drains the life, will add to their burden in future and if they don't get any return from their investment from borrowed money, they will be confused about repaying it... in crypto Be careful while investing so that you don't lose big and you get profit..
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Taking a loan from bank becomes a burden on our life and it drains the life, will add to their burden in future and if they don't get any return from their investment from borrowed money, they will be confused about repaying it... in crypto Be careful while investing so that you don't lose big and you get profit..
Yep, stay responsible champs out there, and keep an eye out for the risks involved ;D That will save you a ton of nerves in the future.
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Taking a loan from bank becomes a burden on our life and it drains the life, will add to their burden in future and if they don't get any return from their investment from borrowed money, they will be confused about repaying it... in crypto Be careful while investing so that you don't lose big and you get profit..
If investing with bank loans, we should have a reserve fund that we prepare where at any time if the crypto market experiences a sharp correction and our assets are trapped we can still pay the bank installments. But it is advisable not to have bank loans, use free funds to invest in crypto.
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As far as I know the price of this cryptocurrency is unstable and very difficult to control, today the price is around 100, maybe tomorrow the price is 500 or it could be 10. If we borrow money from the Bank to buy cryptocurrency it is the same as looking for new problems because if we are unable to pay the money it means that our real assets such as houses or land will be confiscated by the Bank.
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As far as I know the price of this cryptocurrency is unstable and very difficult to control, today the price is around 100, maybe tomorrow the price is 500 or it could be 10. If we borrow money from the Bank to buy cryptocurrency it is the same as looking for new problems because if we are unable to pay the money it means that our real assets such as houses or land will be confiscated by the Bank.
As I will always say; investment in cryptocurrency is always a risky one. Especially a volatile cryptocurrency. In the other hand, taking a loan with your collateral is another risk. So, it is not nice to double your risk level in order to own many crypto. Avoiding borrowing or borrowing only from friends and family who might not require collaterals might be of a help.
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As far as I know the price of this cryptocurrency is unstable and very difficult to control, today the price is around 100, maybe tomorrow the price is 500 or it could be 10. If we borrow money from the Bank to buy cryptocurrency it is the same as looking for new problems because if we are unable to pay the money it means that our real assets such as houses or land will be confiscated by the Bank.
As I will always say; investment in cryptocurrency is always a risky one. Especially a volatile cryptocurrency. In the other hand, taking a loan with your collateral is another risk. So, it is not nice to double your risk level in order to own many crypto. Avoiding borrowing or borrowing only from friends and family who might not require collaterals might be of a help.
It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too
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It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too
Everything you can think of in this life involved risk, you can't do without been involved in risk but the main thing that discourage me with loans and crypto is that crypto investment is uncertain, it's not when you're expect your wallet to help you out you might enjoy the profit, some can be short and some can be long because it's varies due to market conditions.
In a situation where your loan is due and you don't have a way to pay back, you will just be think for a way to pay back the loan and you know that the more time your loan take, the more interest you will have to pay back, this is why loan for crypto is highly discourage.
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It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too
Everything you can think of in this life involved risk, you can't do without been involved in risk but the main thing that discourage me with loans and crypto is that crypto investment is uncertain, it's not when you're expect your wallet to help you out you might enjoy the profit, some can be short and some can be long because it's varies due to market conditions.
In a situation where your loan is due and you don't have a way to pay back, you will just be think for a way to pay back the loan and you know that the more time your loan take, the more interest you will have to pay back, this is why loan for crypto is highly discourage.
It is better to invest in Crypto with free funds and never take a loan, because in a matter if we take a loan, you have to pay interest interest. Passar Crypto Suah is predicted, and invest in Crypro is also risky, why we have to add risks by taking loans.
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Check the market today, all top potential altcoin have lower price and give us much discount and I think not problem investing in several kinds of top altcoin from loan capital. Don't worry around one or two weeks later you can take profit above 10% and its enough fund to cover your loan interest if want get short term loan.
Right now is the best moment to see Bitcoin and several top altcoins such as ETH, BNB and Solana at very cheap prices. I feel very sorry if later the market has recovered and cannot make a profit with quite large profits.
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It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too
Everything you can think of in this life involved risk, you can't do without been involved in risk but the main thing that discourage me with loans and crypto is that crypto investment is uncertain, it's not when you're expect your wallet to help you out you might enjoy the profit, some can be short and some can be long because it's varies due to market conditions.
In a situation where your loan is due and you don't have a way to pay back, you will just be think for a way to pay back the loan and you know that the more time your loan take, the more interest you will have to pay back, this is why loan for crypto is highly discourage.
It is better to invest in Crypto with free funds and never take a loan, because in a matter if we take a loan, you have to pay interest interest. Passar Crypto Suah is predicted, and invest in Crypro is also risky, why we have to add risks by taking loans.
I totally agree.
Volatility, news about the coin, founders, funders, collabs - many factors to take into account. Too many, if the decision is about the funds you will need in the near future.
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Check the market today, all top potential altcoin have lower price and give us much discount and I think not problem investing in several kinds of top altcoin from loan capital. Don't worry around one or two weeks later you can take profit above 10% and its enough fund to cover your loan interest if want get short term loan.
Right now is the best moment to see Bitcoin and several top altcoins such as ETH, BNB and Solana at very cheap prices. I feel very sorry if later the market has recovered and cannot make a profit with quite large profits.
Actually, I do not agree with investing with borrowed capital, but after seeing the current market conditions and reading your writing, I intend to borrow from my family to buy some of the top coins, because it is possible that in 2 weeks our capital will be returned and we will get profits that we can share with the capital owners.
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Check the market today, all top potential altcoin have lower price and give us much discount and I think not problem investing in several kinds of top altcoin from loan capital. Don't worry around one or two weeks later you can take profit above 10% and its enough fund to cover your loan interest if want get short term loan.
Right now is the best moment to see Bitcoin and several top altcoins such as ETH, BNB and Solana at very cheap prices. I feel very sorry if later the market has recovered and cannot make a profit with quite large profits.
Actually, I do not agree with investing with borrowed capital, but after seeing the current market conditions and reading your writing, I intend to borrow from my family to buy some of the top coins, because it is possible that in 2 weeks our capital will be returned and we will get profits that we can share with the capital owners.
The principle is actually, if you want to make a loan for capital, you must be able to pay installments by not disrupting daily activities that have been running, because it will definitely have an impact if there is no ability to pay the installments.
Placement of loan funds for short -term trading at this time is very good and the possibility of being able to get a profit is also wide open. Make sure the coins whose activities are very fast, like Ethereum, whose movements are very effective. Analysis is also allowed to place where.
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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?
Do always study about market before investing in crypto market or any other markets to.
Before start investing in market have to know the risk management and fundamental analysis as well.
I have seen many newbie are hurry to be get rich early and faces losses due to no proper preparation about market and its behaviour.
As per my view and my experience I suggest that do not take loan for crypto investment as market is uncertain.
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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?
Do always study about market before investing in crypto market or any other markets to.
Before start investing in market have to know the risk management and fundamental analysis as well.
I have seen many newbie are hurry to be get rich early and faces losses due to no proper preparation about market and its behaviour.
As per my view and my experience I suggest that do not take loan for crypto investment as market is uncertain.
The main principle in planning to borrow is to be able to pay installments without disrupting daily activities that are already running. If you can't, then don't take out a loan because it will make it difficult at the time of payment.
I agree with you, always learn as best you can everything that can be learned, how to best invest or trade both short and long term. By preparing, the possibility of experiencing losses can occur, let alone not studying properly. There is no time limit to continue learning and understanding properly.
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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?
Do always study about market before investing in crypto market or any other markets to.
Before start investing in market have to know the risk management and fundamental analysis as well.
I have seen many newbie are hurry to be get rich early and faces losses due to no proper preparation about market and its behaviour.
As per my view and my experience I suggest that do not take loan for crypto investment as market is uncertain.
I am with you here, further analysis is always needed, and doing it responsibly is beneficial for everybody involved.
Loan is not a way for it, in my opinion too. You should do it only with your own funds to not to get into a bad situation.
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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?
Do always study about market before investing in crypto market or any other markets to.
Before start investing in market have to know the risk management and fundamental analysis as well.
I have seen many newbie are hurry to be get rich early and faces losses due to no proper preparation about market and its behaviour.
As per my view and my experience I suggest that do not take loan for crypto investment as market is uncertain.
The main principle in planning to borrow is to be able to pay installments without disrupting daily activities that are already running. If you can't, then don't take out a loan because it will make it difficult at the time of payment.
I agree with you, always learn as best you can everything that can be learned, how to best invest or trade both short and long term. By preparing, the possibility of experiencing losses can occur, let alone not studying properly. There is no time limit to continue learning and understanding properly.
You nailed it. You should never take a loan that would be difficult to repay in the long run. Otherwise, things may go south and you won't want that.
Use the expertise and time you have accordingly.
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I will also say in this regard that it is not good for you to take crypto currency loan because if you can't pay the loan, it can be a loss. It is better to use cash instead. You see around you how many people live on crypto. It has become a hymn to earn money.
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The main principle in planning to borrow is to be able to pay installments without disrupting daily activities that are already running. If you can't, then don't take out a loan because it will make it difficult at the time of payment.
I agree with you, always learn as best you can everything that can be learned, how to best invest or trade both short and long term. By preparing, the possibility of experiencing losses can occur, let alone not studying properly. There is no time limit to continue learning and understanding properly.
Deciding to take out a loan for investment is a tough choice, but as you suggest if we can pay the installments without disrupting our daily activities in this case our living needs maybe we can take out a loan for investment but what we also have to consider is that crypto is very volatile, because we can't predict the price of crypto unless we decide to hold it long term by having funds for us to use as a reserve if the price suddenly drops sharply and we have needs that we must fulfill.
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Taking loan for any investment not just crypto is not recommended, investment is supposed to pay you in the long run but loan should be paid every month after you took it means you will be under immediate pressure to payback and you will be trapped if you have no means of other extra revenue apart from you planned.
Don't invest if it's not your money, earn some which is okay even if it takes time but go with full freedom.
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Taking loan for any investment not just crypto is not recommended, investment is supposed to pay you in the long run but loan should be paid every month after you took it means you will be under immediate pressure to payback and you will be trapped if you have no means of other extra revenue apart from you planned.
Don't invest if it's not your money, earn some which is okay even if it takes time but go with full freedom.
I totally agree. It may end badly pretty quickly, all risks should be calculated beforehand if you still would rather take a loan, because otherwise, you will end up not only in debt but with lots of problems in the future.
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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?
Do always study about market before investing in crypto market or any other markets to.
Before start investing in market have to know the risk management and fundamental analysis as well.
I have seen many newbie are hurry to be get rich early and faces losses due to no proper preparation about market and its behaviour.
As per my view and my experience I suggest that do not take loan for crypto investment as market is uncertain.
The main principle in planning to borrow is to be able to pay installments without disrupting daily activities that are already running. If you can't, then don't take out a loan because it will make it difficult at the time of payment.
I agree with you, always learn as best you can everything that can be learned, how to best invest or trade both short and long term. By preparing, the possibility of experiencing losses can occur, let alone not studying properly. There is no time limit to continue learning and understanding properly.
You nailed it. You should never take a loan that would be difficult to repay in the long run. Otherwise, things may go south and you won't want that.
Use the expertise and time you have accordingly.
I think the main principle for wanting to take out a loan is to be able to pay without disrupting your daily activities that are already running well of. If you can't, then don't take out a loan in any way.
You are right, if you don't have the ability to pay off a loan, then it can make things worse in your daily life.
Everyone is destined to be able to make the best use of their skills so that they can carry out everything they do well.
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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?
It is not advisable in my opinion to take a loan or borrow to invest in any business that isn't stable as crypto. We are not sure 100% on the next turn the market might make and this could lead to either a successful money growth or a great loss that could lead to other serious effect like depression, poverty. Wight your options. Is what you are investing too risky to lose? If it is let it go.
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I think the main principle for wanting to take out a loan is to be able to pay without disrupting your daily activities that are already running well of. If you can't, then don't take out a loan in any way.
don't people take out loans because they do not have the money to pay whatever it is they want to buy or avail with the loan money? crypto or not, you are still borrowing money with only the promise of you might pay it back in the future
i mean what happens if you suddenly end up with no job or that you are met with an emergency and you can no longer pay for the money you borrowed? crypto or fiat, borrowing money is a risky feat for anyone and i do not like having debts
You are right, if you don't have the ability to pay off a loan, then it can make things worse in your daily life.
Everyone is destined to be able to make the best use of their skills so that they can carry out everything they do well.
spend the money you have and if you do not have enough money then find other ways to accumulate more without risking your future finances i would understand maybe those who really need the money right now but i see some borrow money just to pay for a new phone is that really neccessary? either you spend whatever you can afford or do not spend at all
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I will also say in this regard that it is not good for you to take crypto currency loan because if you can't pay the loan, it can be a loss. It is better to use cash instead. You see around you how many people live on crypto. It has become a hymn to earn money.
As may know, in life there is no venture no success, and everything about business is a pool risks. it is not a bad ideal to take a crypto loan, the most important thing is to have a good knowledge and experiences on crypto trading and investments options.
Once you have the necessary experience on trading, i think that taking a loan will be very beneficial. Many investors who knows the potentials of crypto and the required experiences can take a loan. It is also advisable to take a loan that you can be able to pay back on the event of a market unexpected dump.
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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?
Cryptocurrencies can never be a reliable source of income. Many may think of cryptocurrency as the main source of income but I never consider cryptocurrency as a source of income. Cryptocurrencies can be very rich in 10 minutes and very bad in 10 minutes so this cryptocurrency should never be considered as a reliable source of income. Many people take loans to invest in cryptocurrencies which should not be because the cryptocurrency market is full of volatility and your investment can be lost in a moment. So one should never invest in this cryptocurrency with a loan from the bank.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
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It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
Well, as we had established, investing with borrowed funds to bet in the crypto market is naturally, high risk. This market maintains high and unpredictable fluctuation, which means that the value can drastically change in short term. When investing with money borrowed from the bank, this also has an effect because, there are installments which have to be made every month no matter the performance of the investment.
Thus, it is wise for us to deploy the money that is earmarked for investment just waiting to be utilised but not fund that comes with other conditions. So, to manage crypto investments we have more freedom and fewer factors to worry about such as loans and how our choices directly impact market shifts.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
Investing with debt is very risky which is why I would never make a decision that would put me in big trouble. Investing with debt has a lot of tension. If I can then it can be good for me. But those who think of investing in crypto by taking a loan from the bank will do a big fool. Because after investing in crypto no one can know how long it will be profitable but the bank loan has to be paid on time. INVESTMENT There is no guarantee that there will be a profit after making, instead of profit there may be loss. If there is a loss after investing in any way, then there will be a lot of trouble in repaying the bank loan.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
Investing with debt is very risky which is why I would never make a decision that would put me in big trouble. Investing with debt has a lot of tension. If I can then it can be good for me. But those who think of investing in crypto by taking a loan from the bank will do a big fool. Because after investing in crypto no one can know how long it will be profitable but the bank loan has to be paid on time. INVESTMENT There is no guarantee that there will be a profit after making, instead of profit there may be loss. If there is a loss after investing in any way, then there will be a lot of trouble in repaying the bank loan.
It is not recommended to invest in crypto with borrowed money, because the crypto market is unpredictable. And during my time investing in crypto, I never had the courage to ask the bank for investment because I chose to use capital, even though it was a little from savings that were not needed in the near future.
I can't focus on trading if I use borrowed money.
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It is not recommended to invest in crypto with borrowed money, because the crypto market is unpredictable. And during my time investing in crypto, I never had the courage to ask the bank for investment because I chose to use capital, even though it was a little from savings that were not needed in the near future.
I can't focus on trading if I use borrowed money.
Well, Investing with our personal cash that is not needed within the near future provide us with the required comfort when trading in the highly unstable crypto market. In that way, we trade without the encumbrance of borrowed money;thus are in a better position to manage our investments and a portfolio.
Carrying out investments on own account also has its advantages: each experience is valuable in and of itself without any added stress. This assists us to be more cautious on market changes because we will not act in a haphazard manner. It is also possible to gain pleasure from trading the process and take all existing benefits per existing chances not distressed and worried about used capital, it is controlled only by me.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,
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I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,
I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.
This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.
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I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,
We don't use the money for main matters or urgent needs. Using the money allocated for children's education isn't safe way. I think it is better to use the strategy of DCA, we gradually collect BTC or top coins with small funds. It is no problem to buy BTC with $50 - $100 weekly, it is much better than we use the money allocated for children's needs. Moreover if we use loan money for investment, I think it is very wrong way.
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For now only a few can make a living dealing only with crypto, in my opinion it is wrong to take out a loan thinking that you will be able to repay it with the earnings made with crypto, invest only what you are not afraid of losing and without getting into debt
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It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
I have not seen or read in any platform that borrowing money to invest in crypto is good. Everyone is frowning against that because of the nature of the crypto market, which is very volatile in nature. The crypto market is unpredictable and it becomes more difficult for those investing in bitcoin to pay back their loan on time if they’ve taken long to invest in bitcoin, those are long term investment if you’re looking to make a very good profit from them in the future. I would not even advise to take a loan to start any business that the ROI is not certain over a period of time. It is very risky and should be avoided by all means.
Thus, it is wise for us to deploy the money that is earmarked for investment just waiting to be utilised but not fund that comes with other conditions. So, to manage crypto investments we have more freedom and fewer factors to worry about such as loans and how our choices directly impact market shifts.
Investing from borrowed money can also affect your investment in the long time. They might be a time you may not have any choice than to take from your investment, which will bring a major setback to your projected profit in the end. Anything that has to do with you taking back from your investment in crypto, it will not mean well for you in the end no matter the direction the market decides to take in the end. Avoid borrowing loans to invest in crypto, it’ll only make it very difficult to manage until the end.
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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?
As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.
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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?
As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.
I agree with you that we should invest in crypto with free money and we should not take loans to invest in crypto because the risk is high. Loans are very risky and investing in crypto is also risky because the crypto market is difficult to predict, so we are faced with double risk.
I will not take that step and I choose to invest with small capital and gradually.
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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?
As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.
I agree with you that we should invest in crypto with free money and we should not take loans to invest in crypto because the risk is high. Loans are very risky and investing in crypto is also risky because the crypto market is difficult to predict, so we are faced with double risk.
I will not take that step and I choose to invest with small capital and gradually.
As it should be or something which does really need up to consider on taking up such step on which only invest on the amount on which you can afford to lose. Never ever make yourself taking up some loan just to invest in crypto. We do know that we do need to pay up those loans in due dates and what if the crypto market didnt pump up that time? How you would really be able to repay the loan? With just simply making use of your own common sense then you would really be able to tell on what are the things that needs up to be done and to those things which arent supposed
to do or something which is really that risky. So it would be wise not to take up such step.
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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?
As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.
I agree with you that we should invest in crypto with free money and we should not take loans to invest in crypto because the risk is high. Loans are very risky and investing in crypto is also risky because the crypto market is difficult to predict, so we are faced with double risk.
I will not take that step and I choose to invest with small capital and gradually.
Crypto markets are sometimes long bearish and sometimes bullish due to which an investor cannot have a proper idea about the market. And if someone borrows and invests in this uncertain platform, he will have to take a lot of human stress. If for some reason the market goes into a long bearish period, it may be difficult to repay the loan over a long period of time. Moreover, there is no guarantee of long-term returns in all types of investments, which is why I think investing with debt means increasing the risk where the potential for profit is very low. Investing with own money frees from human stress which helps better investments.
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It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
Well, as we had established, investing with borrowed funds to bet in the crypto market is naturally, high risk. This market maintains high and unpredictable fluctuation, which means that the value can drastically change in short term. When investing with money borrowed from the bank, this also has an effect because, there are installments which have to be made every month no matter the performance of the investment.
Thus, it is wise for us to deploy the money that is earmarked for investment just waiting to be utilised but not fund that comes with other conditions. So, to manage crypto investments we have more freedom and fewer factors to worry about such as loans and how our choices directly impact market shifts.
- Almost the majority of those who gave their comments are not really in favor of the loan, although they are not saying that the loan is bad, theirs is that they are only keeping us away from the matter of not drowning in debt.
That's why it's better to use the money in the right investment. Don't those who have heard or seen that there is an investment opportunity should learn a lesson first and don't immediately believe what others say or just go along with the hype, don't do that instead avoid this style immediately.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
Taking loan from the bank to invest in bitcoin is a wrong investment practice, because bitcoin is not like traditional investment that you can expect some returns at a given period of time. Due to the volatile nature of bitcoin it makes it very risky because you cannot predict the price movement of bitcoin. You should also know the your loan interest will keep on increasing when you cannot repay back your loan at the stipulated time. It's only your extra money that should be used to buy bitcoin so that you can hodli for long.
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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?
Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.
So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.
It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.
Taking loan from the bank to invest in bitcoin is a wrong investment practice, because bitcoin is not like traditional investment that you can expect some returns at a given period of time. Due to the volatile nature of bitcoin it makes it very risky because you cannot predict the price movement of bitcoin. You should also know the your loan interest will keep on increasing when you cannot repay back your loan at the stipulated time. It's only your extra money that should be used to buy bitcoin so that you can hodli for long.
That is a big concern if for example we decide to take a loan and invest it into bitcoin knowing fully well that this is a very unpredictable asset. It can be more or less than a certain value at Nyarotesoft ’s discretion and such factors can put us in a situation where meeting our loan obligations as and when they are due is near impossible. If we are late, the interest that has accumulated simply adds to more expense to our balance sheet and thus more risk of loss. I just think that relying on ideas that are not so necessary in the long term is safer so that this investment will not affect the issue of financial stability in the long term.
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I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,
I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.
This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.
Well spoken, funds planned for trading or investing purposes should be budgeted for crypto business and should not be diverted or used for any other expenses in near future. I think one good aspect of budgeting for a purpose like this, is to get good returns and without finds interference.
Now, borrowing for crypto investment/trading is not a bad idea especially if the person has experienced on the crypto market analysis. There are persons who borrow money with a good knowledge of the crypto market, invested for few years and were successful.
However, it practically not advisable to borrow money without any idea of the crypto economy, it is a potential risk that may end in a heavy loss.
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I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,
I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.
This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.
Well spoken, funds planned for trading or investing purposes should be budgeted for crypto business and should not be diverted or used for any other expenses in near future. I think one good aspect of budgeting for a purpose like this, is to get good returns and without finds interference.
Now, borrowing for crypto investment/trading is not a bad idea especially if the person has experienced on the crypto market analysis. There are persons who borrow money with a good knowledge of the crypto market, invested for few years and were successful.
However, it practically not advisable to borrow money without any idea of the crypto economy, it is a potential risk that may end in a heavy loss.
Special funds for crypto investment are the correct plan to preserve our economical status, thus when there is profit or loss, it will not cause many other economic needs. With a well-organized budget it would be easier to calmly approach assets and continue with our long-term plans.
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I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,
I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.
This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.
Well spoken, funds planned for trading or investing purposes should be budgeted for crypto business and should not be diverted or used for any other expenses in near future. I think one good aspect of budgeting for a purpose like this, is to get good returns and without finds interference.
Now, borrowing for crypto investment/trading is not a bad idea especially if the person has experienced on the crypto market analysis. There are persons who borrow money with a good knowledge of the crypto market, invested for few years and were successful.
However, it practically not advisable to borrow money without any idea of the crypto economy, it is a potential risk that may end in a heavy loss.
Special funds for crypto investment are the correct plan to preserve our economical status, thus when there is profit or loss, it will not cause many other economic needs. With a well-organized budget it would be easier to calmly approach assets and continue with our long-term plans.
To invest in crypto we need to invest with a cool head all the time. If we invest all the time then we will not be right. For investment we need to look at the right time to invest. It is very difficult to get profit by investing if we are not smart about investment. If we are not able to earn profit. After some time investment may result in heavy loss. During that time we have to be patient to recover the loss. If we are not patient then we have to face bigger loss. For investment we must invest with long term time. Only then we can be successful from investment.
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To invest in crypto we need to invest with a cool head all the time. If we invest all the time then we will not be right. For investment we need to look at the right time to invest. It is very difficult to get profit by investing if we are not smart about investment. If we are not able to earn profit. After some time investment may result in heavy loss. During that time we have to be patient to recover the loss. If we are not patient then we have to face bigger loss. For investment we must invest with long term time. Only then we can be successful from investment.
In making decisions to invest in crypto we must have a cool head and proper analysis, because with a clear mind we can determine the best strategy and prediction. Avoid FOMO and always invest based on our analysis and research. Long-term investment is the best way to invest in crypto by choosing potential coins, of course the top coins.
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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?
Investing in cryptocurrency by taking a loan from a bank is not at all advisable as the cryptocurrency market is full of volatility. In this volatility, if someone takes a loan from a bank and buys cryptocurrency, and after a few days he has a lot of losses, he will be forced to sell his investment at a lower price to repay the loan. I saw with my own eyes an elder brother from my village took a loan and invested in some altcoins including Bitcoin. At first, if his investment was very successful, he did not sell it, hoping to make more profit, but after some time, his investment suffered a lot of loss. Later he had to sell his investment at a very low price to repay the loan and also sold his bike to repay the loan. From here I learned never to invest in any cryptocurrency with a loan.
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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?
Investing in cryptocurrency by taking a loan from a bank is not at all advisable as the cryptocurrency market is full of volatility.
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From here I learned never to invest in any cryptocurrency with a loan.
I also think it is very extreme if you have to force yourself to borrow money from a bank to buy cryptocurrency coins. The unstable price of cryptocurrency will add to the mental and mental burden because I am sure that our asset portfolio will change so quickly.
I also cannot give advice to everyone including members on altcoinstalks to borrow money from a bank, this is very high risk. I have also heard and briefly that there are people who borrow money from a bank but their assets are destroyed and then the person becomes depressed. This is much more terrible than what we imagine.
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Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.
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Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.
When it comes to earnings through loans to engage in cryptocurrency investment, it can be a dangerous decision because volatility defined in financial markets can jeopardise our financial standing in the event of undesirable outcomes. Captial to be invested needs to be money that we don’t need for day to day expenses so that the decisions taken are not influnced by the goal of making lots of money in short time. For this way, we have a safer place to handle efficient sustainable investments when we are not poisoned by always facing debt demands.
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Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.
Borrowing money from a bank to invest in crypto is a risky decision, why not take a safer decision to have capital to invest. We can participate in bounty campaigns and airdrops to get rewards that we can use as capital to invest in crypto, or we can set aside our real-world salary by buying crypto gradually through the DCA method.
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Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.
Borrowing money from a bank to invest in crypto is a risky decision, why not take a safer decision to have capital to invest. We can participate in bounty campaigns and airdrops to get rewards that we can use as capital to invest in crypto, or we can set aside our real-world salary by buying crypto gradually through the DCA method.
Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.
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Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.
borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.
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Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.
borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.
Taking a loan from a bank for purposes of investing in crypto should be discouraged because you are likely to be forced to make monthly payments that will be an added burden. It can be said that for those who are already into trading and have good results making a profit consistently then the move is easier to make. However, looking at the same equation to those newbie traders who still have little working knowledge of crypto trading this risk can be very heavy. Due to the unpredictability of the cryptocurrency market, the better decision is to employ the cash that is not vital for daily or for a long-term life.
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Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.
borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.
Taking a loan from a bank for purposes of investing in crypto should be discouraged because you are likely to be forced to make monthly payments that will be an added burden. It can be said that for those who are already into trading and have good results making a profit consistently then the move is easier to make. However, looking at the same equation to those newbie traders who still have little working knowledge of crypto trading this risk can be very heavy. Due to the unpredictability of the cryptocurrency market, the better decision is to employ the cash that is not vital for daily or for a long-term life.
invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
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Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.
borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.
Taking a loan from a bank for purposes of investing in crypto should be discouraged because you are likely to be forced to make monthly payments that will be an added burden. It can be said that for those who are already into trading and have good results making a profit consistently then the move is easier to make. However, looking at the same equation to those newbie traders who still have little working knowledge of crypto trading this risk can be very heavy. Due to the unpredictability of the cryptocurrency market, the better decision is to employ the cash that is not vital for daily or for a long-term life.
invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
It is much easier to manage our investments in cryptos with truly secure funds to help us to maintain our stability in our decisions. The use of such opportunities as bounty campaigns or airdrops allows starting with membership in the crypto world without the growth of financial risk. It also frees up the opportunity for us to be more willing to test out certain trading plans and models, without having to fear outside interferences which hinder a certain structure. This step enables a person to gradually and steadily, construct a portfolio over time depending on the capacity and option available.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
It is much easier to manage our investments in cryptos with truly secure funds to help us to maintain our stability in our decisions. The use of such opportunities as bounty campaigns or airdrops allows starting with membership in the crypto world without the growth of financial risk. It also frees up the opportunity for us to be more willing to test out certain trading plans and models, without having to fear outside interferences which hinder a certain structure. This step enables a person to gradually and steadily, construct a portfolio over time depending on the capacity and option available.
Staring investing in cryptocurrency with really secured funds make us go through the steps with lesser stress and more direction. In the same way that bounties and airdrops help the user to navigate the crypto world without increasing financial burden, Tokens are welcomed in the same way as bounties and airdrops. This approach also allows us to stretch without it affecting our score direly while also allowing for a methodical building of a portfolio according to one’s potential. These cautious approaches shall build a better foundation towards our long-term investment process.
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Borrowing money from a bank to invest in crypto is a risky decision, why not take a safer decision to have capital to invest. We can participate in bounty campaigns and airdrops to get rewards that we can use as capital to invest in crypto, or we can set aside our real-world salary by buying crypto gradually through the DCA method.
I would rather take a loan from a bank and invest into cryptocurrency than relying on something that gives you only dusts which is bounty campaigns and airdrops. :P
It's all about the timing and how knowledgeable are you when it comes to cryptocurrency. I've taken a loan from a bank and used that to invest into cryptocurrency. That was around 2022-2023, and until now, I'm currently paying it, but I can just sell the Bitcoins that I bought at that time to pay my loan and still end up making money. Bounty Campaigns? Airdrops? Relying on them to invest into crypto? You will not be a successful investor if you think like that.
Using our salary would be much better if you have spare money of course. :)
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.
It should be done responsibly.
Period.
With the funds, you would be able to return, totally.
Because the pressure may be too much to handle.
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Borrowing money from a bank to invest in crypto is a risky decision, why not take a safer decision to have capital to invest. We can participate in bounty campaigns and airdrops to get rewards that we can use as capital to invest in crypto, or we can set aside our real-world salary by buying crypto gradually through the DCA method.
I would rather take a loan from a bank and invest into cryptocurrency than relying on something that gives you only dusts which is bounty campaigns and airdrops. :P
It's all about the timing and how knowledgeable are you when it comes to cryptocurrency. I've taken a loan from a bank and used that to invest into cryptocurrency. That was around 2022-2023, and until now, I'm currently paying it, but I can just sell the Bitcoins that I bought at that time to pay my loan and still end up making money. Bounty Campaigns? Airdrops? Relying on them to invest into crypto? You will not be a successful investor if you think like that.
Using our salary would be much better if you have spare money of course. :)
If you do it (drops and so on) having a good referral base or a good farm, which is set up with proxies and etc - it can be viable.
But otherwise - it isn't worth it, I agree.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
You either only work with something you have or with something you would be able to return afterward, without any sorrows and regrets about it.
You need to think about it twice and whether it would be worth it for you in the long run - because it may end up badly in case of emergency. Risks should be managed probably.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.
I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.
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I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.
And interestingly, times like these are very tempting for any to take a loan to invest in crypto due to FOMO or any other reason. The whole idea is all about risk, and i believe that risk is not worth taking by everyone. Though, there are people that can comfortably take loans for times like these, but they often have good plans or other possible source of income that can help them payback. Just to be rational, i don't think it is wise for anyone that understands his/her financial capabilities to take a loan that can't be repaid even from other means outside the risk that is been taken.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
I really agree with you. We don't force ourselves to invest with loan money. We can invest with DCA way, we invest gradually with small funds. If we have enough money, we can try trading as well. The profits got from trading, can be used to buy Bitcoin. Then, we hold Bitcoin for a long term investment. Yes, we also can follow bounties or signature campaigns, this way can make use to get other sources of money for investment. So, we actually don't need to take a loan for investing in crypto coins.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
I really agree with you. We don't force ourselves to invest with loan money. We can invest with DCA way, we invest gradually with small funds. If we have enough money, we can try trading as well. The profits got from trading, can be used to buy Bitcoin. Then, we hold Bitcoin for a long term investment. Yes, we also can follow bounties or signature campaigns, this way can make use to get other sources of money for investment. So, we actually don't need to take a loan for investing in crypto coins.
Somebody is used to buy in lumps, some - by DCA, each and of us depending on their needs and abilities, as it can be said 8)
The best way is the stable and responsible way.
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I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.
Actually, investing with idle money is a good decision and even more when this money will be invested in the crypto market, which is very volatile. Hence, we can be free from funding related pressure that is experienced whenever there is a need that has to be met. Of course, market risks will not significantly affect us if we only use such funds that do not serve ordinary expenses.
Using such services from bounties and airdrops is the best way to create an investment portfolio with minimal risks to invest in. This is beneficial, as it enables the getting of some value-added or other benefit without risking something in primary financial stability –/pkgsecurity thus offering a reassurance when confronting market shifting.
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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.
Well,investing in cryptocurrency as a hubby is more like greed i think.
While investing in cryptocurrencies for investors is all about making profits,the moment you get too attached and want more,greed eats you ul.You just basically want to earn more,you want to get more without realising losses could also be made and that is what greed does.
Greed makes the obvious not clear at all because all you want is profit! Profit! Just profit!,and that is when we go back to the topic.I wouldnt say generally whether it's good or bad for making loams in order to invest in crypto because situation might differ.
However,be sure to make wise choices while not putting your wants and needs first cause losses are really inevitable in the crypto market. The moment you come to realisation of this concelt,the better for you.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
I really agree with you. We don't force ourselves to invest with loan money. We can invest with DCA way, we invest gradually with small funds. If we have enough money, we can try trading as well. The profits got from trading, can be used to buy Bitcoin. Then, we hold Bitcoin for a long term investment. Yes, we also can follow bounties or signature campaigns, this way can make use to get other sources of money for investment. So, we actually don't need to take a loan for investing in crypto coins.
I agree with the method you use if we do not have a large capital for investment we should do it with the DCA method, and never invest in crypto with borrowed money because the risk is very high and we can lose.
There are many ways we can do to get capital, for example by doing daily trading.
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I agree with the method you use if we do not have a large capital for investment we should do it with the DCA method, and never invest in crypto with borrowed money because the risk is very high and we can lose.
There are many ways we can do to get capital, for example by doing daily trading.
To begin an investment with limited capital, a strategy must be realistic yet comfortable with risk. This step will help us to take advantage of market fluctuations to earn long term profits, provided we organise our purchases gradually and consistently. No need to be rushed, calm investments and measured returns tend to be more stable than big, impulsive decisions.
Bounty campaigns and airdrop activities are the safe choice to build our own capital as it will rise our financial capital. In that way, we do not have to face other investments' pressure. Using borrowed funds, often to coronavirus related borrowing, means that we are allowing ourselves to get prived of the main structural things that make up the balance of our whole financial life.
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invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.
I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.
We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
Spending the money, which remains unutilized, in investments is a prudent measure so that contingencies do not destabilise the financial plan. In this way we can realise our investments without losing them and even if market conditions are unfavourable. Volatility as a characteristic often defines the crypto market, so it will be more beneficial to hold determined assets rather than seek to sell them when a relevant price decrease occurs.
Besides, it means we can manage the finances properly and have some emergency cash sources outside the portfolio. This yields relief when in need of an emergency source of funds not by forcing the sale of assets at unfavourable times. Such planned decisions will assist in implementing a balance between investment and daily cash management as the planned decisions as illustrated in this article shows.
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Spending the money, which remains unutilized, in investments is a prudent measure so that contingencies do not destabilise the financial plan. In this way we can realise our investments without losing them and even if market conditions are unfavourable. Volatility as a characteristic often defines the crypto market, so it will be more beneficial to hold determined assets rather than seek to sell them when a relevant price decrease occurs.
Besides, it means we can manage the finances properly and have some emergency cash sources outside the portfolio. This yields relief when in need of an emergency source of funds not by forcing the sale of assets at unfavourable times. Such planned decisions will assist in implementing a balance between investment and daily cash management as the planned decisions as illustrated in this article shows.
Investing money that which is not used is good thing to do. It helps protect our financial situations from unexpected events which can come to our life and that could cause problems. With investing our extra money we can keep our investments safe and avoid losing money even when market is not doing well and highly volatile. Cryptocurrency market can be very unpredictable so it is mostly better to hold investments instead of selling them when price goes down. Having some extra money take aside for emergencies can give us peace of mind and help us
to manage our money better. This way we can balance our investments and our everyday finances and make smarter decisions about our money.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
This is what should be done, that we should invest using money that is specifically for investment, not using money for other needs, especially if it is borrowed money.
I even suggest, when we invest we should also have an emergency fund that can be used in a very sudden time. So we will not interfere with our investment at all because we still have an emergency fund.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
This is what should be done, that we should invest using money that is specifically for investment, not using money for other needs, especially if it is borrowed money.
I even suggest, when we invest we should also have an emergency fund that can be used in a very sudden time. So we will not interfere with our investment at all because we still have an emergency fund.
I agree with you, in investing we should use free money and we should also have emergency funds. If suddenly there is a sudden need, it will not interfere with our investment.
We also should not use borrowed money to invest in crypto, this is very risky.
because the crypto market is difficult to predict and sometimes we also make mistakes in making analysis.
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Spending the money, which remains unutilized, in investments is a prudent measure so that contingencies do not destabilise the financial plan. In this way we can realise our investments without losing them and even if market conditions are unfavourable. Volatility as a characteristic often defines the crypto market, so it will be more beneficial to hold determined assets rather than seek to sell them when a relevant price decrease occurs.
Besides, it means we can manage the finances properly and have some emergency cash sources outside the portfolio. This yields relief when in need of an emergency source of funds not by forcing the sale of assets at unfavourable times. Such planned decisions will assist in implementing a balance between investment and daily cash management as the planned decisions as illustrated in this article shows.
Investing money that which is not used is good thing to do. It helps protect our financial situations from unexpected events which can come to our life and that could cause problems. With investing our extra money we can keep our investments safe and avoid losing money even when market is not doing well and highly volatile. Cryptocurrency market can be very unpredictable so it is mostly better to hold investments instead of selling them when price goes down. Having some extra money take aside for emergencies can give us peace of mind and help us
to manage our money better. This way we can balance our investments and our everyday finances and make smarter decisions about our money.
I agree, we should invest the money that we don't use because it will protect the value of our money. Choose the top bitcoin and altcoins for the investment. We should also have an emergency fund because if we plan to hold long term, it will make us more comfortable. The cypto market is very volatile, so in investing we must be prepared for all risks including emergency conditions.
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I agree, we should invest the money that we don't use because it will protect the value of our money. Choose the top bitcoin and altcoins for the investment. We should also have an emergency fund because if we plan to hold long term, it will make us more comfortable. The cypto market is very volatile, so in investing we must be prepared for all risks including emergency conditions.
And as well as I want to also mention here we should also invest on cryptocurrency as that much fund we can afford to lose.
As you already said Bitcoin and the cryptocurrency are the volatile market price and when we will make here an investment whether it for short term or for long term we must should have also gather some stable fund for facing the emergency situation. Like a local mate of mine share and history of himself that he hold Bitcoin of his most of earning and in the mean time he faced an emergency situation and that time even he face losses but he have to sold out his holding coins. And if there is any talk of investing in crypto with a loan, I would just call it stupidity.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
If there is unused money, it is good to invest it so that it can become future savings, when we need it for economic purposes or so on, we can withdraw it in fiat form. Why is it good to invest unused money because when we invest it into digital currency, one day crypto can rise.
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If there is unused money, it is good to invest it so that it can become future savings, when we need it for economic purposes or so on, we can withdraw it in fiat form. Why is it good to invest unused money because when we invest it into digital currency, one day crypto can rise.
I agree if we have unused money we should buy bitcoin or ethereum. because these two coins are quite safe for long-term investment and if one day we need it, we can sell it when the price has gone up. but we should still have spare money so as not to interfere with the assets we have in our crypto wallet.
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I agree if we have unused money we should buy bitcoin or ethereum. because these two coins are quite safe for long-term investment and if one day we need it, we can sell it when the price has gone up. but we should still have spare money so as not to interfere with the assets we have in our crypto wallet.
What is unused money? I think money will be always used by everyone. We may only have excess money, it is for people who get good amount of money on their daily jobs. We must always remember that we only use excess money. We don't use the money for daily needs or urgent needs. Moreover if we want to use it for a long term investment, we must use safe money. I'm sure everyone here already understand how to manage funds on crypto investment. It is true that crypto investment mustn't bother our daily life.
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I agree if we have unused money we should buy bitcoin or ethereum. because these two coins are quite safe for long-term investment and if one day we need it, we can sell it when the price has gone up. but we should still have spare money so as not to interfere with the assets we have in our crypto wallet.
What is unused money? I think money will be always used by everyone. We may only have excess money, it is for people who get good amount of money on their daily jobs. We must always remember that we only use excess money. We don't use the money for daily needs or urgent needs. Moreover if we want to use it for a long term investment, we must use safe money. I'm sure everyone here already understand how to manage funds on crypto investment. It is true that crypto investment mustn't bother our daily life.
Savings can be considered as unused money, but you don't need to invest your savings, and emergency fund. An allocated fund like a percentage of your money for investment, say 5% of it is enough regardless how much the money a people have.
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I agree if we have unused money we should buy bitcoin or ethereum. because these two coins are quite safe for long-term investment and if one day we need it, we can sell it when the price has gone up. but we should still have spare money so as not to interfere with the assets we have in our crypto wallet.
Its my decision when allocated my saving money only for top two cryptocurrency between bitcoin or ethereum, when having urgent can sell it exactly bitcoin or ethereum always have stable price and keep increasing every day. But many people got worry when allocating their saving money in cryptocurrency have increasing assets every time than put it only at the bank without have benefit yet.
I think stop hold or saving money without get benefit yet because not profitable yet for us but when put at investment assets we can get return of profitable later.
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This is what should be done, that we should invest using money that is specifically for investment, not using money for other needs, especially if it is borrowed money.
I even suggest, when we invest we should also have an emergency fund that can be used in a very sudden time. So we will not interfere with our investment at all because we still have an emergency fund.
I agree with you, in investing we should use free money and we should also have emergency funds. If suddenly there is a sudden need, it will not interfere with our investment.
We also should not use borrowed money to invest in crypto, this is very risky.
because the crypto market is difficult to predict and sometimes we also make mistakes in making analysis.
In general, investment is indeed profitable, especially if we invest in bitcoin. However, there are points that we must pay attention to here, one of which is that the market is not always in a good situation, sometimes we experience unfriendly market conditions.
Therefore, preparations as I said earlier are very important to do, because it will affect our investment in the future.
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This is what should be done, that we should invest using money that is specifically for investment, not using money for other needs, especially if it is borrowed money.
I even suggest, when we invest we should also have an emergency fund that can be used in a very sudden time. So we will not interfere with our investment at all because we still have an emergency fund.
I agree with you, in investing we should use free money and we should also have emergency funds. If suddenly there is a sudden need, it will not interfere with our investment.
We also should not use borrowed money to invest in crypto, this is very risky.
because the crypto market is difficult to predict and sometimes we also make mistakes in making analysis.
In general, investment is indeed profitable, especially if we invest in bitcoin. However, there are points that we must pay attention to here, one of which is that the market is not always in a good situation, sometimes we experience unfriendly market conditions.
Therefore, preparations as I said earlier are very important to do, because it will affect our investment in the future.
I agree with the opinion above, because the market sometimes does not go according to what we expect. It suddenly changes and does not go according to our predictions and plans. I agree that we should have an emergency fund so that our investment in crypto is not disturbed
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Savings can be considered as unused money, but you don't need to invest your savings, and emergency fund. An allocated fund like a percentage of your money for investment, say 5% of it is enough regardless how much the money a people have.
Yeah, he probably refers to savings money. And I agree that it is okay to use saving money if it is needed. It is actually an individual's choice to use savings or not. But it is much better than someone uses loan money for investment. Using saving money or 5% of our income monthly, is good option for the capital of investment. As long as it doesn't bother the money for basic needs or daily needs, it is okay to use in investment.
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In general, investment is indeed profitable, especially if we invest in bitcoin. However, there are points that we must pay attention to here, one of which is that the market is not always in a good situation, sometimes we experience unfriendly market conditions.
Therefore, preparations as I said earlier are very important to do, because it will affect our investment in the future.
I agree with the opinion above, because the market sometimes does not go according to what we expect. It suddenly changes and does not go according to our predictions and plans. I agree that we should have an emergency fund so that our investment in crypto is not disturbed
This is a basic thing that we often ignore. I'm not talking about other people, but my experience when I first invested also ignored it. However, over time I can learn more and apply important things like this.
That's why we have to learn a lot, we can't possibly be perfect in investing right away, because we will go through difficult times, but we can learn from those difficulties.
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I agree, we should invest the money that we don't use because it will protect the value of our money. Choose the top bitcoin and altcoins for the investment. We should also have an emergency fund because if we plan to hold long term, it will make us more comfortable. The cypto market is very volatile, so in investing we must be prepared for all risks including emergency conditions.
And as well as I want to also mention here we should also invest on cryptocurrency as that much fund we can afford to lose.
As you already said Bitcoin and the cryptocurrency are the volatile market price and when we will make here an investment whether it for short term or for long term we must should have also gather some stable fund for facing the emergency situation. Like a local mate of mine share and history of himself that he hold Bitcoin of his most of earning and in the mean time he faced an emergency situation and that time even he face losses but he have to sold out his holding coins. And if there is any talk of investing in crypto with a loan, I would just call it stupidity.
Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
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If there is unused money, it is good to invest it so that it can become future savings, when we need it for economic purposes or so on, we can withdraw it in fiat form. Why is it good to invest unused money because when we invest it into digital currency, one day crypto can rise.
I agree if we have unused money we should buy bitcoin or ethereum. because these two coins are quite safe for long-term investment and if one day we need it, we can sell it when the price has gone up. but we should still have spare money so as not to interfere with the assets we have in our crypto wallet.
Yes, Bitcoin and Ether are the best in terms of investment. Those who can afford to invest for the long term will definitely benefit if they hold these two coins. Meanwhile, Bitcoin is in a bullish movement and we will probably be able to see a bull run in Ether very soon. But there are many who invest all their money and do not make arrangements for their necessary expenses later, due to which they have to use that invested money later. If we cannot hold it for the long term after investing in Bitcoin or Ether, then this is the fault of the investors.
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Savings can be considered as unused money, but you don't need to invest your savings, and emergency fund. An allocated fund like a percentage of your money for investment, say 5% of it is enough regardless how much the money a people have.
Yeah, he probably refers to savings money. And I agree that it is okay to use saving money if it is needed. It is actually an individual's choice to use savings or not. But it is much better than someone uses loan money for investment. Using saving money or 5% of our income monthly, is good option for the capital of investment. As long as it doesn't bother the money for basic needs or daily needs, it is okay to use in investment.
Borrowing or taking out a loan to invest is one of the stupidiest mistake anyone can make, especially when the investment is centered on volatile assets like cryptocurrency, I made this mistake and till today, I am still trying to come out from it.
So like you both have said, it is not right to borrow to invest, what ever amount of funds that enter our hand, it's good or advisable to divide it into two, not equally, maybe 80 - 20, or 70-30, where 80 or 70 pecent go to our savings, which also should act as emergency fund, while the remaining 20 or 30 percent go into investment.
It is important for us to know that investing is as good and important as having savings and or emergency funds for unexpected situations.
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Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
With you the full respect to your opinion is still I don't want to agree here that investing on crypto as much as you can afford to lose is not a good language whether it is for the trading or for starting a business on Crypto. And I also think that if we search then all of those Crypto company or the Crypto project owners who were currently successful most of them put their that amount of fund or start their business with that fund what they can afford to lose. And if you see the crypto whale most of them have others big successful businesses.So I don't think it's a bad slogan I think it's the very good slogan because if you lose that kind of fund what you can afford to lose then there is very tuff to recover from that position and became successful.
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Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
With you the full respect to your opinion is still I don't want to agree here that investing on crypto as much as you can afford to lose is not a good language whether it is for the trading or for starting a business on Crypto. And I also think that if we search then all of those Crypto company or the Crypto project owners who were currently successful most of them put their that amount of fund or start their business with that fund what they can afford to lose. And if you see the crypto whale most of them have others big successful businesses.So I don't think it's a bad slogan I think it's the very good slogan because if you lose that kind of fund what you can afford to lose then there is very tuff to recover from that position and became successful.
Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
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Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
With you the full respect to your opinion is still I don't want to agree here that investing on crypto as much as you can afford to lose is not a good language whether it is for the trading or for starting a business on Crypto. And I also think that if we search then all of those Crypto company or the Crypto project owners who were currently successful most of them put their that amount of fund or start their business with that fund what they can afford to lose. And if you see the crypto whale most of them have others big successful businesses.So I don't think it's a bad slogan I think it's the very good slogan because if you lose that kind of fund what you can afford to lose then there is very tuff to recover from that position and became successful.
Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
Managing investments on the crypto world does require taking the risks on consideration, thus taking into consideration the fast moving nature of the market. Instead or responding to urgent needs, using funds we are not in immediate need of will allow space to slow the finger down and make with more considered and measured judgement. Also, although care is always taken for planning and analysis, there cannot be guarantee all the time that the results will always come to be, and hence it is always good to be flexible to adopt the strategies. We can ease panic by staying realistic in seeing what we may or may not be able to do when we are faced with unexpected market conditions and continue our learning from every experience we go through.
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Managing investments on the crypto world does require taking the risks on consideration, thus taking into consideration the fast moving nature of the market. Instead or responding to urgent needs, using funds we are not in immediate need of will allow space to slow the finger down and make with more considered and measured judgement. Also, although care is always taken for planning and analysis, there cannot be guarantee all the time that the results will always come to be, and hence it is always good to be flexible to adopt the strategies. We can ease panic by staying realistic in seeing what we may or may not be able to do when we are faced with unexpected market conditions and continue our learning from every experience we go through.
Because in investing in the crypto world we are always faced with risks, I agree with you that we should use funds that we don't need or are free. With free funds we can focus more on investing because the market is very volatile and honestly I can't predict the market accurately. That's why I avoid funds that are not free and always provide reserve funds for sudden needs.
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Exactly, don't borrow money or took loan to invest into cryptocurrency, because you can not always expect the good (profit) to come out of it, sometime you will also experience loss.
you can use the little amount of money that you have to invest, but taking loan is very risky because you don't know the outcome. Your aim for taking the loan is for you to invest and make a lots of profits, hoping to pay back the debt when you make profits.
The cryptocurrency market can be highly volatile, and losses can occur. If you borrow money to invest and experience losses, you may struggle to repay the debt. This can lead to financial difficulties and stress.
Always remember that, the story of investment is all about gaining and losing. Let's say for instance, you borrow money to Invest and you loss, how did you intend to pay back the debt. That's why it is not really advisable for an individual to borrow money to invest.
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Exactly, don't borrow money or took loan to invest into cryptocurrency, because you can not always expect the good (profit) to come out of it, sometime you will also experience loss.
you can use the little amount of money that you have to invest, but taking loan is very risky because you don't know the outcome. Your aim for taking the loan is for you to invest and make a lots of profits, hoping to pay back the debt when you make profits.
The cryptocurrency market can be highly volatile, and losses can occur. If you borrow money to invest and experience losses, you may struggle to repay the debt. This can lead to financial difficulties and stress.
Always remember that, the story of investment is all about gaining and losing. Let's say for instance, you borrow money to Invest and you loss, how did you intend to pay back the debt. That's why it is not really advisable for an individual to borrow money to invest.
I agree with you a, in investing we are faced with profit and loss. And it is not recommended to borrow money that will be used for investment in crypto, because it is very risky. You could say the risk is double. First, the risk of investment is that you can experience losses if you make the wrong analysis and strategy, the second is the risk of borrowed money because we have to pay installments. While the cypto market is difficult to predict if the price goes down, we have to sell at a loss to pay the installments.
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Because in investing in the crypto world we are always faced with risks, I agree with you that we should use funds that we don't need or are free. With free funds we can focus more on investing because the market is very volatile and honestly I can't predict the market accurately. That's why I avoid funds that are not free and always provide reserve funds for sudden needs.
It is impossible to have no risk in crypto investment. Even, crypto investment is a high risk investment because the prices of crypto coins are always very volatile. But it is also the advantage of investing in crypto. With high volatile prices, we can have the chance to get huge profits in crypto coins. However, it is true that we must always use safe money because we also have the chance to get losses. It will be too bad if we get losses and we use loan money.
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Because in investing in the crypto world we are always faced with risks, I agree with you that we should use funds that we don't need or are free. With free funds we can focus more on investing because the market is very volatile and honestly I can't predict the market accurately. That's why I avoid funds that are not free and always provide reserve funds for sudden needs.
It is impossible to have no risk in crypto investment. Even, crypto investment is a high risk investment because the prices of crypto coins are always very volatile. But it is also the advantage of investing in crypto. With high volatile prices, we can have the chance to get huge profits in crypto coins. However, it is true that we must always use safe money because we also have the chance to get losses. It will be too bad if we get losses and we use loan money.
Yes, every investment comes with risk and volatility is certainly one of the chief characteristics of crypto. Our general objective is to learn how based on well explained strategies we can exploit the existing opportunities without compromising one’s financial status. The mobilisation of funds that do not entail basic needs expenditure is a good strategy of ensuring the right balance between opportunities to make profits and risks that are associated with loss making.
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Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
In my personal opinion I think when a person want to starting there trading or investing on cryptocurrency they must have to follow a rules in my opinion I said this this is the first thing and first rule of investing in cryptocurrency which is invest as much as you can afford to lose. So there is no way for having loan for investing in cryptocurrency and which you already mention yes people should investing there Idol amount and if I just look about all the biggest trader or the investor those all have their alternative business or job and beside that they do trading. And so I think there is no alternative for investing with the lazy fund of ours when we are going to starting trading.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
There is indeed no better way if you can use unused funds so that when we need the investment we make, it will not be sold for that need, because as you said, the situation is very volatile, so when we manage it wrongly, and we need, and we sell when the price is down it is a loss that occurs.
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We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
There is indeed no better way if you can use unused funds so that when we need the investment we make, it will not be sold for that need, because as you said, the situation is very volatile, so when we manage it wrongly, and we need, and we sell when the price is down it is a loss that occurs.
That's right when we use funds that are not free, it is likely that when the price drops and there are needs that we must meet, we finally decide to sell at a loss. So the advice from seniors to use unused funds is correct. However, we can also buy coins gradually during the bearish season so that we can have a lot of crypto assets with the DCA method.
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Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
In my personal opinion I think when a person want to starting there trading or investing on cryptocurrency they must have to follow a rules in my opinion I said this this is the first thing and first rule of investing in cryptocurrency which is invest as much as you can afford to lose. So there is no way for having loan for investing in cryptocurrency and which you already mention yes people should investing there Idol amount and if I just look about all the biggest trader or the investor those all have their alternative business or job and beside that they do trading. And so I think there is no alternative for investing with the lazy fund of ours when we are going to starting trading.
I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.
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I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.
And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.
And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.
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I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.
And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.
And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.
I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
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I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.
And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.
And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.
I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
Being careful with money is the action that demonstrates accountability for the future. That is why when we decide to invest we feel that money that has been accurately allocated would help to addressed market fluctuations. As you are aware, whenever engaging borrowed cash, it will make life uncomfortable because when trading, there is no guarantee of always being profitable, therefore, the decisions taken are more cautious. In this way, we can accumulate experience and confidence gradually and then be ready for market operation.
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I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
Right I say something here then I have to also say that I have headed from the professional and the experienced trader that they also make trading by the fund from borrowing he is one of the famous Pakistani trader but I don't really remember his name. But not when he was experienced that time when he invested with the borrowing fund he was very new to the trading and that is also the reason he borrowed and also trade and also he faced huge loss.
These are the real example why not should do trade with the loan or the borrowed fund.
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I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
A few years ago we earn to free money from bounty, airdrop and invest or trade with that money. However, in the current context it is absolutely impossible to earn money for free. which is why those who come to new crypto use loans or sell assets to invest. We all have the same objective to make money from crypto but we forget that it is not easy at all. Many others come from crypto with the intention of getting rich and subsequently fall into a life of debauchery. Investing in crypto with a loan is a big risk because if there is a loss then the original capital will also be lost.
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That's right when we use funds that are not free, it is likely that when the price drops and there are needs that we must meet, we finally decide to sell at a loss. So the advice from seniors to use unused funds is correct. However, we can also buy coins gradually during the bearish season so that we can have a lot of crypto assets with the DCA method.
If you look at Defi interaction, you will see that the people that interact with it most of the time is developers and whales. The real u end users aren't using it to borrow funds not supply funds which was the first intention of lending and borrowing, this is because crypto is very volatile and it can affect your plans if you borrow money to do something else.
Imagine borrowing 1BTC when the price was $50k and you have plans that it's going to go down but now Bitcoin is now worth twice that price. The only advantage of borrowing crypto is if the price goes down after you borroq.
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I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
A few years ago we earn to free money from bounty, airdrop and invest or trade with that money. However, in the current context it is absolutely impossible to earn money for free. which is why those who come to new crypto use loans or sell assets to invest. We all have the same objective to make money from crypto but we forget that it is not easy at all. Many others come from crypto with the intention of getting rich and subsequently fall into a life of debauchery. Investing in crypto with a loan is a big risk because if there is a loss then the original capital will also be lost.
Actually, right now we can still get free money from airdrops and bounties, so if we focus on bounty and airdrop events we can still find capital to invest in crypto. and it is better not to take loans to invest in crypto because the risk is very high. We have to pay installments and interest every month, while the crypto market is very volatile and difficult to predict.
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I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
Until now, I still don't understand why people here are discouraging other people to invest into cryptocurrency using loans. I mean is there any bad thing about it? Yes, it's bad if you bought at the wrong time, and you don't have money to use to pay that loan, but if you took a loan, and borrowed during the bear market then in a few years' time, you will end up making profit.
I will speak based on my experience. I borrowed money through a loan on a cooperative here in our place. It's a small amount only since it's the only money that we can afford to borrow and pay through our salaries as well. We borrowed at around 2022. Now 2024, we already paid that loan already and as for our investment? We already made profit from it. The interest of our loan is around 12% per year. The money that we borrowed and used to buy Bitcoin already doubled in just 2 years. Just imagine.
At the end of the day, it's all about timing. Of course, if you bought at the bull market, don't expect too much profit from it, but if you borrowed and bought during the bear market like we did, there's a high chance that your money will double in just 1-2 years. Don't expect short term profits using your borrowed money of course.
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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?
It is too much risky to take loan by crypto because of its volatility. We have seen the recent price hike if anyone took loon on crypto and repayment is same as the amount of crypto he/she could make a huge amount off loss. If the loan calculate with dollar then it will be on any price. Though market is volatile still he/she not need to pay over amount as he/she received. However the crypto market is always high volatile and i think we need to avoid taking loan it as crypto amount. So that we need to be wise before taking any loan cause we need to pay it again and its always tough to repay if we don’t get much return after taking it. Crypto is great way of transaction and also earning. Except those we may avoid loan it will help us to fall any financial issue.So need to be more careful before using this currency. Hope you all understand.
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I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
A few years ago we earn to free money from bounty, airdrop and invest or trade with that money. However, in the current context it is absolutely impossible to earn money for free. which is why those who come to new crypto use loans or sell assets to invest. We all have the same objective to make money from crypto but we forget that it is not easy at all. Many others come from crypto with the intention of getting rich and subsequently fall into a life of debauchery. Investing in crypto with a loan is a big risk because if there is a loss then the original capital will also be lost.
Actually, right now we can still get free money from airdrops and bounties, so if we focus on bounty and airdrop events we can still find capital to invest in crypto. and it is better not to take loans to invest in crypto because the risk is very high. We have to pay installments and interest every month, while the crypto market is very volatile and difficult to predict.
Actually, I don't want to give any expectations about bounty and airdrop because currently it is very difficult to earn money from them. This year i only made money from the airdrop of a project called dogs which was driven by the new hype of telegram games. I have checked the bounty sector of btt and alt forums a few times but there is no good bounty to work with. btt forum were best for bounty but today everyone lost trust due to promotion of some manager scam project. I have seen most of the new hunters and the old ones have all taken a break from bounty.
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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?
Crypto is more profitable than all other investments but it is also very risky which is why investing in crypto with bank loan or other loans should not be done. Crypto investment is much more profitable than business, but even though there is a trend of taking bank loans for business and even if they have the courage to give loans, very few people take bank loans and invest in crypto.
If you invest in crypto, you have to have the ability to lose that amount, so it is not very good to invest in crypto with a loan from a bank with high interest.
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Yes, every investment comes with risk and volatility is certainly one of the chief characteristics of crypto. Our general objective is to learn how based on well explained strategies we can exploit the existing opportunities without compromising one’s financial status. The mobilisation of funds that do not entail basic needs expenditure is a good strategy of ensuring the right balance between opportunities to make profits and risks that are associated with loss making.
Sometimes crypto investment even has a bigger risk than other type of investment. We know crypto coins are very volatile and hard to predict the price development. Although some coins have proven their quality like Bitcoin or Ethereum, we don't know what will be happening in the future. However, it seems quite safe to invest in crypto as long as we know the right strategy. Yes, a good strategy is needed to gain money in crypto investment. To have good strategy, we must have enough knowledge.
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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?
Crypto is more profitable than all other investments but it is also very risky which is why investing in crypto with bank loan or other loans should not be done. Crypto investment is much more profitable than business, but even though there is a trend of taking bank loans for business and even if they have the courage to give loans, very few people take bank loans and invest in crypto.
If you invest in crypto, you have to have the ability to lose that amount, so it is not very good to invest in crypto with a loan from a bank with high interest.
in my previous comment I also disagree if we borrow from a bank to invest in crypto, because it is very risky.
I agree with your opinion we use money to invest in crypto, where we can lose the money because if we analyze it wrong we will lose our money.
We have to be careful and learn to analyze the coins we buy, that's why many suggest investing in top coins because the risk is lower.
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I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.
And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.
And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.
I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.
If there are unused funds and can be used, of course, it is very good to do it, but sometimes there is something that requires us to be wiser about taking out a loan take, but it must be ensured that we can return it when the time comes. If you can't do it, then,n't take out a loan. Sometimes when we are smart in managing the time when we borrow and buy then it is not detrimental because we get immediate profit and the loan can be returned. Once again if possible, not taking out a loan is the best thing.
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Until now, I still don't understand why people here are discouraging other people to invest into cryptocurrency using loans. I mean is there any bad thing about it? Yes, it's bad if you bought at the wrong time, and you don't have money to use to pay that loan, but if you took a loan, and borrowed during the bear market then in a few years' time, you will end up making profit.
Here I want to mentioned that not only just having trading with the borrowing fund is a bad thing I think it is also a bad thing when a people invest his all assets what he can't afford to loose.
Suppose I have only 1000$ in my bank and rather than borrowing I just invested the 1000$ of mine in crypto definitely I will say that this was also a bad thing if peoples do this. I also seen some peoples who didn't borrow for trading but they borrow cause he lost his fund in trading and for running his lives he borrowed the fund from others.
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Until now, I still don't understand why people here are discouraging other people to invest into cryptocurrency using loans. I mean is there any bad thing about it? Yes, it's bad if you bought at the wrong time, and you don't have money to use to pay that loan, but if you took a loan, and borrowed during the bear market then in a few years' time, you will end up making profit.
Here I want to mentioned that not only just having trading with the borrowing fund is a bad thing I think it is also a bad thing when a people invest his all assets what he can't afford to loose.
Suppose I have only 1000$ in my bank and rather than borrowing I just invested the 1000$ of mine in crypto definitely I will say that this was also a bad thing if peoples do this. I also seen some peoples who didn't borrow for trading but they borrow cause he lost his fund in trading and for running his lives he borrowed the fund from others.
Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
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Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
Very true. Using borrowed money is too risky for trading or investing in crypto coins. This is even not recommended to do in any type of investment. If we have no big money, we can do DCA. With DCA, we can buy crypto coin gradually. If we buying in 2 years, we must have enough coins in our wallets. It is not a must to invest with $1000 immediately in crypto. We must always remember that we should invest in the amount of money that we always can afford to lose. So, don't force ourselves to invest with borrowed money.
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Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
Very true. Using borrowed money is too risky for trading or investing in crypto coins. This is even not recommended to do in any type of investment. If we have no big money, we can do DCA. With DCA, we can buy crypto coin gradually. If we buying in 2 years, we must have enough coins in our wallets. It is not a must to invest with $1000 immediately in crypto. We must always remember that we should invest in the amount of money that we always can afford to lose. So, don't force ourselves to invest with borrowed money.
There is always a risk in everything we do, it's just a matter of how well we anticipate the risk. Some are afraid to borrow to invest in crypto, but some dare to do it because it is certain that the borrower can anticipate the risks that will occur with thorough preparation. But I agree with you not to take any loans to invest in crypto but to do it with DCA so that what you want can be fulfilled. It is true that every time we do DCA, it means that we only use the existing amount for investment and there is no need for a target amount.
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Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
That is why I always try to divided my incoming funds in three different parts like one part on the Bitcoin investment what I regularly do even then there us also gap, and on the another part I try to hold the USDT and also with the another part I use for my daily necessity with the fiat currency and even then there was savings from that.
And I also invest on some few altcoins from the USDT I mean I mean from the stable fund what I hold for the emergency situations.
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Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
That is why I always try to divided my incoming funds in three different parts like one part on the Bitcoin investment what I regularly do even then there us also gap, and on the another part I try to hold the USDT and also with the another part I use for my daily necessity with the fiat currency and even then there was savings from that.
And I also invest on some few altcoins from the USDT I mean I mean from the stable fund what I hold for the emergency situations.
Your money management is good enough. Investing in Bitcoin is definitely a good decision and you can invest in other altcoins as well. And if we are going to consider the rate of inflation then in this case it is better to save money in stable coin USDT, USDC because they are equivalent to dollar so if you save your money in them inflation will not touch you. The inflation of each country's currency is calculated relative to the dollar, but if you have dollars, you have that fear. So I am not in favor of keeping Fiat money, I myself always avoid Fiat money now
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Your money management is good enough. Investing in Bitcoin is definitely a good decision and you can invest in other altcoins as well. And if we are going to consider the rate of inflation then in this case it is better to save money in stable coin USDT, USDC because they are equivalent to dollar so if you save your money in them inflation will not touch you. The inflation of each country's currency is calculated relative to the dollar, but if you have dollars, you have that fear. So I am not in favor of keeping Fiat money, I myself always avoid Fiat money now
To avoid inflation, it is better to save our money in crypto, because crypto has a hedge, we will even get profit if we save it in bitcoin and other top coins. But if you choose a stable coin like USDT, it cannot provide great profit, it only protects our value from inflation.
if I choose to save it in bitcoin. Because the price of bitcoin is getting more expensive and the popularity of bitcoin is increasing because it is supported by famous people like trump.
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Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
That is why I always try to divided my incoming funds in three different parts like one part on the Bitcoin investment what I regularly do even then there us also gap, and on the another part I try to hold the USDT and also with the another part I use for my daily necessity with the fiat currency and even then there was savings from that.
And I also invest on some few altcoins from the USDT I mean I mean from the stable fund what I hold for the emergency situations.
good financial management when you divide your funds into 3 parts and prepare funds for emergency needs. I also divide my funds into two parts, some for investing in crypto and some for savings in FIAT because sometimes there are emergency needs for my family that I have to fulfill.
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To avoid inflation, it is better to save our money in crypto, because crypto has a hedge, we will even get profit if we save it in bitcoin and other top coins. But if you choose a stable coin like USDT, it cannot provide great profit, it only protects our value from inflation.
if I choose to save it in bitcoin. Because the price of bitcoin is getting more expensive and the popularity of bitcoin is increasing because it is supported by famous people like trump.
Basically, we can't avoid inflation. We only can try effort to deal with inflation.
Sure, saving or investing in crypto is a good idea. Most crypto coins keep increasing their values in each cycle. However, it doesn't mean that crypto coins have no chance to drop their values massively. We can't deny that bearish season is the time that most crypto coins are declining their values very much. But in each cycle, we have also bullrun season, crypto coins will have the time to skyrocket.
If your purpose is for saving, USDT isn't a bad choice. But if your goal is for investment, USDT isn't the best choice. It is true that Bitcoin and altcoins with high volatility will be the best options.
DWYOR
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good financial management when you divide your funds into 3 parts and prepare funds for emergency needs. I also divide my funds into two parts, some for investing in crypto and some for savings in FIAT because sometimes there are emergency needs for my family that I have to fulfill.
I could have divided my funds into two parts if I wanted, but one of the reasons for dividing it into three is that the inflation rate of the fiat currency in the country where I live is relatively high and that is why I am depositing my funds in the Stable coin USDT. Of course, it is also a crypto currency, but I do not invest in any fake coins with it because it is used for my emergency situations. So that it does not have any impact on any of my long-term investments.
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good financial management when you divide your funds into 3 parts and prepare funds for emergency needs. I also divide my funds into two parts, some for investing in crypto and some for savings in FIAT because sometimes there are emergency needs for my family that I have to fulfill.
I could have divided my funds into two parts if I wanted, but one of the reasons for dividing it into three is that the inflation rate of the fiat currency in the country where I live is relatively high and that is why I am depositing my funds in the Stable coin USDT. Of course, it is also a crypto currency, but I do not invest in any fake coins with it because it is used for my emergency situations. So that it does not have any impact on any of my long-term investments.
This is definitely a good plan because the dollar is every country's reserve currency and every country's currency is deflated against the dollar. So if you keep your money in something that is equivalent to the dollar you will be protected from the effects of inflation. Stable coins like USDT always carry dollar value so it can save you from inflation. But at the same time, since it is a cryptocurrency coin, there are risks involved, so depositing your entire money here can be dangerous. So it would be best to divide your entire fund and invest it in different things like house property, crypto, business , gold etc
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If we are a loan shark and want to introduce the use of crypto as one of our payment medium, then it is very good to do that, but if we are on our own, trying to get crypto loan, then its not advisable except for any inevitable emergency conditions, it is what we can take some little time on our own to work and get paid back in crypto and we keep on like that till we stack some sats that can be used for anything we want instead of taking loan.
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This is definitely a good plan because the dollar is every country's reserve currency and every country's currency is deflated against the dollar. So if you keep your money in something that is equivalent to the dollar you will be protected from the effects of inflation. Stable coins like USDT always carry dollar value so it can save you from inflation. But at the same time, since it is a cryptocurrency coin, there are risks involved, so depositing your entire money here can be dangerous. So it would be best to divide your entire fund and invest it in different things like house property, crypto, business , gold etc
Yes as you already know that due to the corruption and mismanagement of the previous government, most of the banks in our country are currently in a bad condition. So I think it is better to keep our fiat money in USDT. I myself am currently facing banking problems. I had deposited money in a bank and they have introduced a rule to withdraw only 80USDT equivalent money more than two days a week because they do not have money in their bank reserves. So in this case my fund will be safe in my wallet more than the banks.
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If we are a loan shark and want to introduce the use of crypto as one of our payment medium, then it is very good to do that, but if we are on our own, trying to get crypto loan, then its not advisable except for any inevitable emergency conditions, it is what we can take some little time on our own to work and get paid back in crypto and we keep on like that till we stack some sats that can be used for anything we want instead of taking loan.
Even in an emergency, it is advisable to find another way, unless this is the only way that can be done. Before borrowing from other people or on the platform, I think it is better to first borrow from people close to you, such as family.
The reason is that loans on the platform will be accompanied by interest and usually what is burdensome is the interest itself. So think carefully, because I think before this becomes the last option, there are still other options before.
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If we are a loan shark and want to introduce the use of crypto as one of our payment medium, then it is very good to do that, but if we are on our own, trying to get crypto loan, then its not advisable except for any inevitable emergency conditions, it is what we can take some little time on our own to work and get paid back in crypto and we keep on like that till we stack some sats that can be used for anything we want instead of taking loan.
Even in an emergency, it is advisable to find another way, unless this is the only way that can be done. Before borrowing from other people or on the platform, I think it is better to first borrow from people close to you, such as family.
The reason is that loans on the platform will be accompanied by interest and usually what is burdensome is the interest itself. So think carefully, because I think before this becomes the last option, there are still other options before.
Good advice if you have to borrow to invest in bitcoin, we can borrow from our family. because if we borrow from the bank we have to pay interest and installments.
the question is, does our family understand crypto? because they also can't easily lend our money if it is used to invest in crypto.
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Good advice if you have to borrow to invest in bitcoin, we can borrow from our family. because if we borrow from the bank we have to pay interest and installments.
the question is, does our family understand crypto? because they also can't easily lend our money if it is used to invest in crypto.
Not easily get borrowing from our family for investing in bitcoin, its difficult position because investing in bitcoin from borrowing fund have deadline day for loan payment. I don't think worth it when investing bitcoin only one or two month how price possibility will drop or not.
Take loan from the bank and lookin for have lower payment interested, but firstly investing when bitcoin have lower price and you must have main job to recovery loan interested payment every month. Get difficult if loan payment depend on profitable earn from bitcoin because its take longer time for bitcoin price increasing.
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Even in an emergency, it is advisable to find another way, unless this is the only way that can be done. Before borrowing from other people or on the platform, I think it is better to first borrow from people close to you, such as family.
The reason is that loans on the platform will be accompanied by interest and usually what is burdensome is the interest itself. So think carefully, because I think before this becomes the last option, there are still other options before.
But in my opinion most of the people also don't have that opportunity to take loan from the relatives or the close friends who will give them loan in that kind of bad situation. In that case peoples goes to the banks or the lenders for borrowing.
There is another causes for not giving lend to some people ike if I say one of my neighbourhood he did something like he loss big on gambling and also he is on the greed of the future trade and sometime he is asking for loan and in case no one will take their fund at any risk. So we must also have good cause for that.
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Even in an emergency, it is advisable to find another way, unless this is the only way that can be done. Before borrowing from other people or on the platform, I think it is better to first borrow from people close to you, such as family.
The reason is that loans on the platform will be accompanied by interest and usually what is burdensome is the interest itself. So think carefully, because I think before this becomes the last option, there are still other options before.
But in my opinion most of the people also don't have that opportunity to take loan from the relatives or the close friends who will give them loan in that kind of bad situation. In that case peoples goes to the banks or the lenders for borrowing.
There is another causes for not giving lend to some people ike if I say one of my neighbourhood he did something like he loss big on gambling and also he is on the greed of the future trade and sometime he is asking for loan and in case no one will take their fund at any risk. So we must also have good cause for that.
Whether you do have a chance on getting a loan, its never been ideal on taking up some loan just to invest on crypto not unless if you do have that capability on repaying it out without depending into your crypto investment but if you are just basing into that then it will really be that too risky on this case. Never make yourself having this kind of mentality because it will really be that resulting into debts or having that issues when it comes to finances on this aspect. Never take a loan to invest in crypto because it will really be that not enough on repaying up the loan because we dont know on when crypto prices will be pumping out or simply you cant be able to rely.
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Whether you do have a chance on getting a loan, its never been ideal on taking up some loan just to invest on crypto not unless if you do have that capability on repaying it out without depending into your crypto investment but if you are just basing into that then it will really be that too risky on this case. Never make yourself having this kind of mentality because it will really be that resulting into debts or having that issues when it comes to finances on this aspect. Never take a loan to invest in crypto because it will really be that not enough on repaying up the loan because we dont know on when crypto prices will be pumping out or simply you cant be able to rely.
actually it's not only in the cryptocurrency investment sector that is not recommended to take out loans... but there are also many suggestions from bigwigs not to take out loans to start a new business... especially for those who have not achieved financial freedom... yes, loans will weaken our ability to save which when we have little profit from the existing business, then the main focus to increase our assets is lost, that's because there are responsibilities that must be fulfilled first...
borrowing is quite dangerous if you don't know the future calculations for sure, we can't use uncertain hopes as a basis for bearing the burden of the debt... from many financial observers, as much as possible avoid debt for investments that are still uncertain, and also never borrow for consumer goods.
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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.
I am not fan of taking loans, especially for investment purposes, because investments are unpredictable, if market doesn't behave as you expected it to be you are screwed.
How much crypto is needed to manage social life and can it be the only dependent income source of your life?
I have been living off crypto for a while now, it's so because I unknowingly created various income sources, which allows me to live off it. Regarding, how much, I don't know number, I just think your income should be consistent.
Also, I am living in third world country, where it's relatively cheap to live, and I am single so less expenses.
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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?
My suggestion would be never to take a loan to invest in crypto. Crypto is always considered as risky investment. You cannot predict the possible outcome. If you talk about a specific coin like Bitcoin, then you know that you will be making a profit in the long run, but your lender won't wait for you for years. They expect you to pay within the time while you don't know when you will get your investment returns. So, it is better not to take loan just to invest in crypto. If you have a job and you can save a few dollars per month, try invest only a few dollars. It's still better then taking a loan. You can have some peace!
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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?
Borrowing or taking loans from bank to invest in crypto currency is not really a wise choice. At the early stage of crypto currencies or Bitcoin, it is strictly not accepted, due to the volatile or manipulative nature of the market. Now, the market is becoming more of profit than ever, yet it's not still advisable to take loan for investment in the crypto industry, except you have a back up plan, Incase things goes side ways. But if there is no plan for back up, don't even tale the step.
On the other hand, having seen what the market currently looks like, and where it is going, the risk of making such investment could be worth it. Looking at the nature of Bitcoin price movement since Donald Trump won the election, the Bitcoin has continuously be on a bul run. Then, the next which is the inauguration, the price could go even higher.
In terms of Dependent income source of money, Bitcoin has the quality of being a sole source of income to a person. This will be from different forms of crypto activities that person carries out. Trading Bitcoin is profitable, as a professional trader, long term holding of Bitcoin is another way of generating income. Learning skills that are required by people who pays in Bitcoin is also a source of income. It might not strictly be all payments in Bitcoin, there are altcoins that one can be paid in. This forum or Btt forum are forums one can get income through Bitcoin or crypto currency.
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Cryptocurrency is not good for loan because its a volatile currency, if we are considering taking loan, then we should probably consider using fiat, but being someone that don't really buy the idea for loan except for a business expansion, i can only advise that someone should go for learning how to develop a required skill in the digital market and get hired by those that may require such service and earn than taking loan.
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Cryptocurrency is not good for loan because its a volatile currency, if we are considering taking loan, then we should probably consider using fiat, but being someone that don't really buy the idea for loan except for a business expansion, i can only advise that someone should go for learning how to develop a required skill in the digital market and get hired by those that may require such service and earn than taking loan.
There are many risks involved in doing business. However, everyone prefers to invest there. But one reason I see for not investing in crypto is because crypto is completely under our control so we are selling them at any instant and because of this when the price of crypto starts to fall we panic and sell them. Because we have that power. And in this way, we can earn a lot of money or profit very quickly from crypto business or job, but we continue to lose there. This is why I forbid investing in crypto with loans. Because we can never control our emotions
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There is always a risk in everything we do, it's just a matter of how well we anticipate the risk. Some are afraid to borrow to invest in crypto, but some dare to do it because it is certain that the borrower can anticipate the risks that will occur with thorough preparation. But I agree with you not to take any loans to invest in crypto but to do it with DCA so that what you want can be fulfilled. It is true that every time we do DCA, it means that we only use the existing amount for investment and there is no need for a target amount.
Of course, there is no way to have no risk in investment. It is individual's choice to get a loan or not, but I personally don't recommend any one to get a loan for having crypto investment. Yes, it is better to do DCA if we have no much money. We don't need to force ourselves to buy large coins for investment. Collecting crypto coins gradually is much better, it may take a longer time but it will be safe because using our own money.
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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.
I am not fan of taking loans, especially for investment purposes, because investments are unpredictable, if market doesn't behave as you expected it to be you are screwed.
I am not against people who take loans from banks for any investment, including crypto. The most important thing is that we are able to pay the installments that may occur if we borrow, if there is no possibility, of course, to not take a loan. It would be better if you could not borrow if there are unused funds available and that would be better. What if there are no funds? Then we will miss the opportunity to be able to make a profit at the right time.
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Even in an emergency, it is advisable to find another way, unless this is the only way that can be done. Before borrowing from other people or on the platform, I think it is better to first borrow from people close to you, such as family.
The reason is that loans on the platform will be accompanied by interest and usually what is burdensome is the interest itself. So think carefully, because I think before this becomes the last option, there are still other options before.
Good advice if you have to borrow to invest in bitcoin, we can borrow from our family. because if we borrow from the bank we have to pay interest and installments.
the question is, does our family understand crypto? because they also can't easily lend our money if it is used to invest in crypto.
I think to invest in bitcoin we should avoid borrowing money, because the market is not always friendly and there are times when we are in a bear market. Even though the family will definitely set a time to pay, or at least we must know ourselves not to be in debt for too long.
Investing is not just about putting money, but it must also be well managed. So I myself prefer to first make sure my finances are in good condition, or not force myself.
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Cryptocurrency is not good for loan because its a volatile currency, if we are considering taking loan, then we should probably consider using fiat, but being someone that don't really buy the idea for loan except for a business expansion, i can only advise that someone should go for learning how to develop a required skill in the digital market and get hired by those that may require such service and earn than taking loan.
You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage too. For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.
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Always, always is much better to get a loan in FIAT.
See if you take a loan, and then you have an inflation, this is good for you, of course considering the the central bank will not raise the interest rates and your employer will raise gradually your salary.
Taking it in Crypto is very temptive, but also very dangerous due to the volatility of the assets that you may use.
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You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage too. For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.
Not good ideas taking loan using cryptocurrency exactly bitcoin or top altcoin such as BNB and ETH. Have bigger high risk than lower risk when deadline of repayment make price pump drastically and pay more from price increasing until loan interest.
The same in my country with loan using gold, most of them take loan duration until two or three years but when repayment price of gold get increasing more than 10% to 15%. Better loan using fiat or cash and make us not get risk such as loan using cryptocurrency.
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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?
You know, there's nothing wrong with borrowing as long as you know how to properly control and manage the money you borrow. Just don't make it a habit,
because others make it a habit like employed people.
It's even more reasonable if you use the money you borrow to buy top altcoins or bitcoin and then hold it for the long-term, at least the money
you borrow will definitely have a destination.
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You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage too. For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.
Not good ideas taking loan using cryptocurrency exactly bitcoin or top altcoin such as BNB and ETH. Have bigger high risk than lower risk when deadline of repayment make price pump drastically and pay more from price increasing until loan interest.
The same in my country with loan using gold, most of them take loan duration until two or three years but when repayment price of gold get increasing more than 10% to 15%. Better loan using fiat or cash and make us not get risk such as loan using cryptocurrency.
Investing in cryptocurrencies with loans is risky, but this is not a problem for someone who has the ability to repay the loan. The main reason for discouraging people from taking loans is that there is a risk of large losses at any time due to volatility. However, if those who have the ability to repay the loan and the same time can invest in top coins with loans, then I think it can definitely be a good investment. Especially if you make a long-term investment plan in top coins, there is high povability of getting good results.
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Whether you do have a chance on getting a loan, its never been ideal on taking up some loan just to invest on crypto not unless if you do have that capability on repaying it out without depending into your crypto investment but if you are just basing into that then it will really be that too risky on this case. Never make yourself having this kind of mentality because it will really be that resulting into debts or having that issues when it comes to finances on this aspect. Never take a loan to invest in crypto because it will really be that not enough on repaying up the loan because we dont know on when crypto prices will be pumping out or simply you cant be able to rely.
I always try to avoid taking loans for anything as much as possible, on the contrary, I try to save in advance so that I can face any emergency situation. However, it has happened to me that although I did not take a loan myself, many of my friends or neighbors had to give loans. I myself currently get a good amount of money back from about seven people, most of whom are not thinking of repaying my money yet. And from this position, I never think that investing in debt would be a wise thing to do.
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Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.
That is why I always try to divided my incoming funds in three different parts like one part on the Bitcoin investment what I regularly do even then there us also gap, and on the another part I try to hold the USDT and also with the another part I use for my daily necessity with the fiat currency and even then there was savings from that.
And I also invest on some few altcoins from the USDT I mean I mean from the stable fund what I hold for the emergency situations.
good financial management when you divide your funds into 3 parts and prepare funds for emergency needs. I also divide my funds into two parts, some for investing in crypto and some for savings in FIAT because sometimes there are emergency needs for my family that I have to fulfill.
Of course, what you do is very wise because we cannot avoid the need for emergency funds, which must always be prepared in fiat form. For that, in investment, it is highly recommended, as you said, dividing it into adjusted portions. Where you can still invest in crypto, but can also have tactical funds in the form of cash when there is an emergency and there is no need to sell our crypto investment. Because if we sell when the price drops then we will experience losses that we cannot avoid.
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Of course, what you do is very wise because we cannot avoid the need for emergency funds, which must always be prepared in fiat form. For that, in investment, it is highly recommended, as you said, dividing it into adjusted portions. Where you can still invest in crypto, but can also have tactical funds in the form of cash when there is an emergency and there is no need to sell our crypto investment. Because if we sell when the price drops then we will experience losses that we cannot avoid.
Yes, it is true that emergencies can arise at any time, and in this case, I am not saying that we will always be able to cover our emergencies with our saved funds, but I think that having savings will reduce our struggle, even if it is mild in emergency situations.
And for this, I always keep my investment and my earnings at a certain level and then invest so that I don't lose money in my emergency situation later.
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Of course, what you do is very wise because we cannot avoid the need for emergency funds, which must always be prepared in fiat form. For that, in investment, it is highly recommended, as you said, dividing it into adjusted portions. Where you can still invest in crypto, but can also have tactical funds in the form of cash when there is an emergency and there is no need to sell our crypto investment. Because if we sell when the price drops then we will experience losses that we cannot avoid.
Yes, it is true that emergencies can arise at any time, and in this case, I am not saying that we will always be able to cover our emergencies with our saved funds, but I think that having savings will reduce our struggle, even if it is mild in emergency situations.
And for this, I always keep my investment and my earnings at a certain level and then invest so that I don't lose money in my emergency situation later.
We must have savings for emergencies because this is very important. Especially in investing in crypto so that the crypto assets we hold are not disturbed, we must save our money in savings if at any time there is an emergency need we can use it.
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You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage too. For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.
Not good ideas taking loan using cryptocurrency exactly bitcoin or top altcoin such as BNB and ETH. Have bigger high risk than lower risk when deadline of repayment make price pump drastically and pay more from price increasing until loan interest.
The same in my country with loan using gold, most of them take loan duration until two or three years but when repayment price of gold get increasing more than 10% to 15%. Better loan using fiat or cash and make us not get risk such as loan using cryptocurrency.
Investing in cryptocurrencies with loans is risky, but this is not a problem for someone who has the ability to repay the loan. The main reason for discouraging people from taking loans is that there is a risk of large losses at any time due to volatility. However, if those who have the ability to repay the loan and the same time can invest in top coins with loans, then I think it can definitely be a good investment. Especially if you make a long-term investment plan in top coins, there is high povability of getting good results.
Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
I don't think that's too risky if you know the price will increase if you started to take a loan last year and invested in BTC, you should have already made x5 profit if you started to invest it in BTC before the bullish season started.
However, this time if you take a loan to invest in BTC that is a very risky decision just like today because BTC is too volatile and we do not know if the price will continue to rise.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
I don't think that's too risky if you know the price will increase if you started to take a loan last year and invested in BTC, you should have already made x5 profit if you started to invest it in BTC before the bullish season started.
However, this time if you take a loan to invest in BTC that is a very risky decision just like today because BTC is too volatile and we do not know if the price will continue to rise.
When deciding on something as major as using a loan to make an investment we have got to have our work backed up with analysis and our strategy. As we can see not all the conditions that are characteristic to the market are suitable for such action so every action should be taken with respect to the existing conditions. We are not in a hurry and can focus on the usage of more stable sources of financing and take more careful approach to risk. Diversification is also one of the ways through which it is easy to minimize on stress especially when market does not respond as it was expected. When making any financial decision it is always necessary that the chance factor together with the responsibility factor be put into consideration so that the organisation can be able to balance itself in the future.
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We must have savings for emergencies because this is very important. Especially in investing in crypto so that the crypto assets we hold are not disturbed, we must save our money in savings if at any time there is an emergency need we can use it.
The reason behind this is that I saw a local mate of mine who sold his bitcoin holdings at a loss in an emergency situation. He used to hold most of his income in bitcoin. Which I always not prefer.
And that's why, after seeing these experiences before my eyes, I always try to divide my funds separately and then deposit a certain amount of funds from the income in each fund.
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We must have savings for emergencies because this is very important. Especially in investing in crypto so that the crypto assets we hold are not disturbed, we must save our money in savings if at any time there is an emergency need we can use it.
The reason behind this is that I saw a local mate of mine who sold his bitcoin holdings at a loss in an emergency situation. He used to hold most of his income in bitcoin. Which I always not prefer.
And that's why, after seeing these experiences before my eyes, I always try to divide my funds separately and then deposit a certain amount of funds from the income in each fund.
Dividing funds separately is the right way because we must have a reserve fund so that our investment in crypto is not disturbed when we need funds to meet emergency needs.
I also once sold my bitcoin at a loss because I needed money for my family and that was my experience in the past to always have a reserve fund.
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Dividing funds separately is the right way because we must have a reserve fund so that our investment in crypto is not disturbed when we need funds to meet emergency needs.
I also once sold my bitcoin at a loss because I needed money for my family and that was my experience in the past to always have a reserve fund.
Evaluating the money spent and expending a day’s amount intelligently or investing it for the future is a step that indicates management. When we have an operating backup, it becomes easy to wait when aspects we don’t like come up, but we are not forced to lose the chances we have gained. Previous incidents are useful as a reference in pursuit of continually enhancing how approaches to evaluation and strategy are constructed. While spending nearly fifty percent of the budget on the immediate needs of the society, it is possible to prevent such needs from jeopardising the long-term funding strategy. With every plan we make today, governance of the future security and sustenance has a step by step process already in motion.
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Dividing funds separately is the right way because we must have a reserve fund so that our investment in crypto is not disturbed when we need funds to meet emergency needs.
I also once sold my bitcoin at a loss because I needed money for my family and that was my experience in the past to always have a reserve fund.
This not only helps me in emergency situations besides covers me up in emergency situations it also maintains my self-control in my long-term investments and no kind of FUD can easily affect me.
For example, in this case, I have invested such an amount of funds in my long-term investment that I can afford to lose and the main thing is that the fund is a lazy fund, so whether it brings quick profits or brings late profits does not matter much to me. Basically, I am happy if I get a good profit for the long term in this investment. So it is also protecting my self from the FUD's.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.
But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
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But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
Deciding to borrow large amount of money for a high risk activity should not be easy for it is choice in life that affects it most. In such situations as this, it is relatively important for us to practise prudent financial management, which can be achieved by not taking on debts which are likely to source a lot of unnecessary stress. Opportunity cost can be taken in a particular opportunity before venturing for it in that we can decide for a certain period or even analyze the possible outcome between the risk and the benefit. They have said that the trick is in not having the reach exceed the grasp hence great care must be taken when planning how to tackle social problems to make sure that the steps taken today do not become a problem hard to solve tomorrow.
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But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
Borrowing money and use it for crypto investing isn't that bad at all, but borrowing money and use it to participate in those airdrops is a bad thing and not recommended as well. We know that airdrops aren't 100% sure that they will give you the tokens and even if they will give you, there's a huge chance that the total cost of the tokens that you got from that airdrop isn't enough to cover the total expenses that you used to get those tokens.
It's just unfortunate that there are some people that are borrowing money from other people just to join these Telegram airdrops that some requires you to use TON to get more tokens. While yes, the number of tokens that you can get will increase significantly, there's no assurance that you will get those money back when you sell the tokens that you will get. I hope that nobody here will do it.
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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?
To be honest, it is not a good idea for someone to go out and borrow or loan money to invest in cryptocurrency because of the fluctuating market. Instead, it is better to use your hard-earned money to invest in cryptocurrency in order to reduce the risk associated with the cryptocurrency business and manage the future investment target for a successful exit in the digital marketplace. That being said, it is better to take your time before rushing for quick access to funds for your crypto digital asset. Use your personal funds however you feel most comfortable, and hold onto your bitcoin before selling it for a short-term investment.
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But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
Borrowing money and use it for crypto investing isn't that bad at all, but borrowing money and use it to participate in those airdrops is a bad thing and not recommended as well. We know that airdrops aren't 100% sure that they will give you the tokens and even if they will give you, there's a huge chance that the total cost of the tokens that you got from that airdrop isn't enough to cover the total expenses that you used to get those tokens.
It's just unfortunate that there are some people that are borrowing money from other people just to join these Telegram airdrops that some requires you to use TON to get more tokens. While yes, the number of tokens that you can get will increase significantly, there's no assurance that you will get those money back when you sell the tokens that you will get. I hope that nobody here will do it.
It's pretty silly to borrow money to participate in an airdrop, because we don't know about the success of the project. I agree with you that borrowing money for investment can be done if we choose coins that have a good reputation and we have a steady income to pay the installments or return the funds when they are due. But if you borrow money to participate in an airdrop, it doesn't feel like a good thing to do, because the risk is too great.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.
But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
Yes, many airdroppers borrow their friends' money to participate in airdrops, because they are sure they will get the jackpot. In fact, there is no guarantee that participating in an airdrop will definitely get a jackpot. But that's part of their business, we just appreciate it.
Some friends' suggestions should be avoided, because we need something certain. And maybe you shouldn't borrow money if you are not sure you will get the jackpot from the airdrop.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.
But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
Yes, many airdroppers borrow their friends' money to participate in airdrops, because they are sure they will get the jackpot. In fact, there is no guarantee that participating in an airdrop will definitely get a jackpot. But that's part of their business, we just appreciate it.
Some friends' suggestions should be avoided, because we need something certain. And maybe you shouldn't borrow money if you are not sure you will get the jackpot from the airdrop.
It can, therefore, be well understood that engaging an airdrop using borrowed money can be one of the riskiest things one can ever do when there is no guarantee of getting the wanted results. This kind of decision calls for more analysis because apart from ourselves who the loss will impact on, there are other people who have extended their loan to us. I believe that first, the right management of expectations is crucial. Second, when all the steps are taken, it is necessary to be sure that everything was done based on analysis. If ever you find yourself in an overdraft situation or have questions marks as to the profitability of using existing capital than it is best not to do so. So we can maintain this activity without creating other tasks that are not necessary to perform.
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A valid remark about the hazards of loans for cryptocurrency investments, Market instability makes relying only on cryptocurrency for income difficult. Personally, I vary my strategy, using tools such as Blade for strategic trades and BingX for copy trading information. This balances my portfolio and ensures better financial management,What is your approach for managing risk in the current market?
You can profit from cryptocurrencies by trading or holding according to your strategy. But that's admirable as long as you do it by investing your own money. Investing in crypto by borrowing may not be a good plan. Because you can never guarantee your profit in volatile market. So if you borrow money and invest in crypto, if you lose there, you will suffer double depression because one is your loss and the other is that you have to earn money from some other means and repay your loan. So I don't support investing in crypto through loans
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A valid remark about the hazards of loans for cryptocurrency investments, Market instability makes relying only on cryptocurrency for income difficult. Personally, I vary my strategy, using tools such as Blade for strategic trades and BingX for copy trading information. This balances my portfolio and ensures better financial management,What is your approach for managing risk in the current market?
You can profit from cryptocurrencies by trading or holding according to your strategy. But that's admirable as long as you do it by investing your own money. Investing in crypto by borrowing may not be a good plan. Because you can never guarantee your profit in volatile market. So if you borrow money and invest in crypto, if you lose there, you will suffer double depression because one is your loss and the other is that you have to earn money from some other means and repay your loan. So I don't support investing in crypto through loans
Well, Deciding to invest in cryptocurrencies involves some thought process whereby people have to get used to the volatile market. The biggest motivation for using personal funds is that we are fully in control of all risks which we take, and hence, profits or losses are our sole responsibility without any extra push. On the other hand, where loans are incurred financial pressure may come in and distort a decision that otherwise should be made on rational and analytical basis. In such situations, a calm and planned step will shield us better from imbalance financially and emotionally. It is not only about good opportunities, moreover, stability has to be preserved, so the decisions were good for the long term.
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A valid remark about the hazards of loans for cryptocurrency investments, Market instability makes relying only on cryptocurrency for income difficult. Personally, I vary my strategy, using tools such as Blade for strategic trades and BingX for copy trading information. This balances my portfolio and ensures better financial management,What is your approach for managing risk in the current market?
You can profit from cryptocurrencies by trading or holding according to your strategy. But that's admirable as long as you do it by investing your own money. Investing in crypto by borrowing may not be a good plan. Because you can never guarantee your profit in volatile market. So if you borrow money and invest in crypto, if you lose there, you will suffer double depression because one is your loss and the other is that you have to earn money from some other means and repay your loan. So I don't support investing in crypto through loans
Well, Deciding to invest in cryptocurrencies involves some thought process whereby people have to get used to the volatile market. The biggest motivation for using personal funds is that we are fully in control of all risks which we take, and hence, profits or losses are our sole responsibility without any extra push. On the other hand, where loans are incurred financial pressure may come in and distort a decision that otherwise should be made on rational and analytical basis. In such situations, a calm and planned step will shield us better from imbalance financially and emotionally. It is not only about good opportunities, moreover, stability has to be preserved, so the decisions were good for the long term.
All matters with risks management because at the moment or time that you do decide to invest here on crypto space then it will really be that needed up for you to reconsider out on the money that you will really be that making use because at the time or moment that you wont be putting up some consideration with this then you will be ending up on spending up tons of money on which this one will really be that ending up for you to have some bad condition or situation because of not minding about well into the actions that you are taking into. If you wont be mindful into your actions then you do end up on a miserable aspect and regrets do always come at the end.
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You can profit from cryptocurrencies by trading or holding according to your strategy. But that's admirable as long as you do it by investing your own money. Investing in crypto by borrowing may not be a good plan. Because you can never guarantee your profit in volatile market. So if you borrow money and invest in crypto, if you lose there, you will suffer double depression because one is your loss and the other is that you have to earn money from some other means and repay your loan. So I don't support investing in crypto through loans
Wait the right time for taking loan when cryptocurrency market going down, but need to find loan with payment interested not monthly but around each two until three months for easily taking profit. I believe when entering at the market going down easily to earn much profit and not difficult handle payment loan but not for monthly.
However always need other source income if want take loan for investing in bitcoin, we can't predict accurately when the market up or down and have back up money will make it easily when market not support yet for loan payment. I believe many people take loan for investing in bitcoin but most of them waiting only at the right moment.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.
But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
In my opinion, as long as he borrows and can make payments in installments that can be done, of course it's okay, but I strongly agree only, for investing in crypto, which is clearly not in airdrops, which cannot be certain, because airdrops will always only be detrimental.
It could be that it was done because the Telegram airdrop hype cannot be avoided and, if I see it, most of those who do it are new to crypto and see many who are successful, but there is no display of losses, and that is misleading.
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Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.
Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.
But in reality, there are still many people who borrow money and then use it for crypto investment, some even borrow money to participate in Airdrop too.
We know that currently there is a Telegram Airdrop Hype that has a payment task, because they are sure that the person will get a jackpot, the person ends up borrowing money to do the tasks.
In my opinion, as long as he borrows and can make payments in installments that can be done, of course it's okay, but I strongly agree only, for investing in crypto, which is clearly not in airdrops, which cannot be certain, because airdrops will always only be detrimental.
It could be that it was done because the Telegram airdrop hype cannot be avoided and, if I see it, most of those who do it are new to crypto and see many who are successful, but there is no display of losses, and that is misleading.
Many people can do these things due to their excessive greed, especially those who are new, and if they gain so much trust in any new project, they are likely to lose big in the future. I will also say that if you have the ability to take a long-term loan, then investing in crypto with a loan is definitely not a bad idea because investing in crypto has the potential to make several times the investment. In that case, a borrower naturally has a great opportunity to profit by taking that loan. But there are some investors who do not have the ability to repay the loan but are ready to take the risk, taking a loan is definitely risky for them.
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I think in this Bitcoin bull season one can take a loan and acquire it then pay back at any slightest profit then strive and wait for the next bull time. But for me I won't take any loan to buy a crypto currency I would rather use it for business because they are still the same thing, they are all aiming at profit. Because these crypto currencies may have some issues and it also depends the year agreed by the bank to return the loan.
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I think in this Bitcoin bull season one can take a loan and acquire it then pay back at any slightest profit then strive and wait for the next bull time. But for me I won't take any loan to buy a crypto currency I would rather use it for business because they are still the same thing, they are all aiming at profit. Because these crypto currencies may have some issues and it also depends the year agreed by the bank to return the loan.
I read many comments above, most of which disagree with taking out a loan to invest in crypto. Based on the habits of the fluctuating crypto market, we should not do that, it is not recommended to take out a loan to invest in crypto because the risk is very high if we experience a loss we must return the loan.
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I think in this Bitcoin bull season one can take a loan and acquire it then pay back at any slightest profit then strive and wait for the next bull time. But for me I won't take any loan to buy a crypto currency I would rather use it for business because they are still the same thing, they are all aiming at profit. Because these crypto currencies may have some issues and it also depends the year agreed by the bank to return the loan.
I read many comments above, most of which disagree with taking out a loan to invest in crypto. Based on the habits of the fluctuating crypto market, we should not do that, it is not recommended to take out a loan to invest in crypto because the risk is very high if we experience a loss we must return the loan.
It is clear that if we have funds that we have and are not used, I agree not to borrow to invest in crypto. But nothing can stop someone who wants to use a loan to be used as an investment. The most important thing is that he can repay the loan or can pay the installments that occur properly.
Almost all large companies for their expansion always borrow for that, and it doesn't matter. Moreover, the momentum to be able to generate profits from very large investments can be obtained next year and there is no problem, in my opinion, taking a loan. All is returned to you who knows your situation.
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I think in this Bitcoin bull season one can take a loan and acquire it then pay back at any slightest profit then strive and wait for the next bull time. But for me I won't take any loan to buy a crypto currency I would rather use it for business because they are still the same thing, they are all aiming at profit. Because these crypto currencies may have some issues and it also depends the year agreed by the bank to return the loan.
I read many comments above, most of which disagree with taking out a loan to invest in crypto. Based on the habits of the fluctuating crypto market, we should not do that, it is not recommended to take out a loan to invest in crypto because the risk is very high if we experience a loss we must return the loan.
It is clear that if we have funds that we have and are not used, I agree not to borrow to invest in crypto. But nothing can stop someone who wants to use a loan to be used as an investment. The most important thing is that he can repay the loan or can pay the installments that occur properly.
Almost all large companies for their expansion always borrow for that, and it doesn't matter. Moreover, the momentum to be able to generate profits from very large investments can be obtained next year and there is no problem, in my opinion, taking a loan. All is returned to you who knows your situation.
Managing the finances while investing is a step that has to be well thought out since the decision made are useful in the future. borrowed funds for investments are more preferable if only there is direction on what should be invested, how risks will be managed, and payment of loan balances will be made. Thus in this case, you and I need to consider the returns which we expect to get from the investment as opposed to the liability of the loan so that we do not feel the pinch of the loan in future. Every move, in turn, should be made with regard to real financial conditions and sound mathematical analysis. Thus, the investment made not only produces possible profits but also helps to regulate the company’s financial standing in general. This is a decision which is ours to make and take, making sure we fully understand the implications behind it.
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I think in this Bitcoin bull season one can take a loan and acquire it then pay back at any slightest profit then strive and wait for the next bull time. But for me I won't take any loan to buy a crypto currency I would rather use it for business because they are still the same thing, they are all aiming at profit. Because these crypto currencies may have some issues and it also depends the year agreed by the bank to return the loan.
I read many comments above, most of which disagree with taking out a loan to invest in crypto. Based on the habits of the fluctuating crypto market, we should not do that, it is not recommended to take out a loan to invest in crypto because the risk is very high if we experience a loss we must return the loan.
Well, just like you are not in support of a crypto loan for trading, I will make it clear that taking a crypto loan for crypto trading is equivalent to people borrowing on the CEX exchanges to trade future and margin options with some people on a higher leverages.
You see, taking a loan, in my opinion is not a bad idea but it depends on the traders experiences. It is good to take loan for crypto trading but it should be individual with good trading knowledge and highly experienced on the crypto market.
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Well, just like you are not in support of a crypto loan for trading, I will make it clear that taking a crypto loan for crypto trading is equivalent to people borrowing on the CEX exchanges to trade future and margin options with some people on a higher leverages.
You see, taking a loan, in my opinion is not a bad idea but it depends on the traders experiences. It is good to take loan for crypto trading but it should be individual with good trading knowledge and highly experienced on the crypto market.
for professional traders taking loans for trading is not a big problem because they have enough knowledge and experience, with good analysis and strategy they can take profit consistently. but if the market suddenly changes, a professional trader sometimes predicts inaccurately and gets trapped. so in my opinion, taking loans is not suitable for me because I am not a professional trader.
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It is clear that if we have funds that we have and are not used, I agree not to borrow to invest in crypto. But nothing can stop someone who wants to use a loan to be used as an investment. The most important thing is that he can repay the loan or can pay the installments that occur properly.
Almost all large companies for their expansion always borrow for that, and it doesn't matter. Moreover, the momentum to be able to generate profits from very large investments can be obtained next year and there is no problem, in my opinion, taking a loan. All is returned to you who knows your situation.
Good idea, if they have the funds and ability to return I think they can borrow it. But it must be really considered if taking out a loan to invest in crypto because the crypto market is difficult to predict and very volatile, this is the reason why many people advise not to take out a loan to invest in crypto because the risk is quite large.
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It is clear that if we have funds that we have and are not used, I agree not to borrow to invest in crypto. But nothing can stop someone who wants to use a loan to be used as an investment. The most important thing is that he can repay the loan or can pay the installments that occur properly.
Almost all large companies for their expansion always borrow for that, and it doesn't matter. Moreover, the momentum to be able to generate profits from very large investments can be obtained next year and there is no problem, in my opinion, taking a loan. All is returned to you who knows your situation.
Good idea, if they have the funds and ability to return I think they can borrow it. But it must be really considered if taking out a loan to invest in crypto because the crypto market is difficult to predict and very volatile, this is the reason why many people advise not to take out a loan to invest in crypto because the risk is quite large.
All investments are not without risk, but every risk can be minimized with everything we can manage well. Borrowing for investment as long as it can be managed well and there is the ability to pay in installments or be able to return, it is something that should be a priority before taking a loan. If there is no ability, then there is no need to borrow and wait for the next opportunity to be able to invest.
The crypto market is, indeed, as you said, because that, it does require very careful calculation before taking any action to make an investment.
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All investments are not without risk, but every risk can be minimized with everything we can manage well. Borrowing for investment as long as it can be managed well and there is the ability to pay in installments or be able to return, it is something that should be a priority before taking a loan. If there is no ability, then there is no need to borrow and wait for the next opportunity to be able to invest.
The crypto market is, indeed, as you said, because that, it does require very careful calculation before taking any action to make an investment.
Yes, there will always be risks in investment and we must be able to manage these risks by taking the smallest risks. In investment, it is already risky, why should we borrow money to increase the risk? This is what we should consider because the crypto market is very volatile and difficult to predict, while borrowing money requires us to pay it according to maturity.
but if we have the ability to return it and can manage money well, we can also borrow money.
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All investments are not without risk, but every risk can be minimized with everything we can manage well. Borrowing for investment as long as it can be managed well and there is the ability to pay in installments or be able to return, it is something that should be a priority before taking a loan. If there is no ability, then there is no need to borrow and wait for the next opportunity to be able to invest.
The crypto market is, indeed, as you said, because that, it does require very careful calculation before taking any action to make an investment.
Yes, there will always be risks in investment and we must be able to manage these risks by taking the smallest risks. In investment, it is already risky, why should we borrow money to increase the risk? This is what we should consider because the crypto market is very volatile and difficult to predict, while borrowing money requires us to pay it according to maturity.
but if we have the ability to return it and can manage money well, we can also borrow money.
Managing financial decisions is a step that people must ensure are done right so that any right step leading to success is right. In this case, there are certain conditions. We should be specific about the nature of borrowing money, that is the money is borrowed for investment, we are in a position to pay back the loan we should also have a contingency plan regarding the risk that our investments might pose. Therefore it’s important to make sure that the resources that we use are kept in check to avoid putting much pressure on the Company financially. Using this kind of structure, investment opportunities can be exploited more effectively and to better advantage. To be sure, a volatile market does challenge our capacity to make decisions, but sound decisions made within the context of information and analysis should help to avoid the negative effects of volatility.
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All investments are not without risk, but every risk can be minimized with everything we can manage well. Borrowing for investment as long as it can be managed well and there is the ability to pay in installments or be able to return, it is something that should be a priority before taking a loan. If there is no ability, then there is no need to borrow and wait for the next opportunity to be able to invest.
The crypto market is, indeed, as you said, because that, it does require very careful calculation before taking any action to make an investment.
Yes, there will always be risks in investment and we must be able to manage these risks by taking the smallest risks. In investment, it is already risky, why should we borrow money to increase the risk? This is what we should consider because the crypto market is very volatile and difficult to predict, while borrowing money requires us to pay it according to maturity.
but if we have the ability to return it and can manage money well, we can also borrow money.
- Isn't it true that in the traditional way of business, if you invest a large capital, there is a tendency that you can earn a lot and if it is small, you can only earn a small amount and it will take a long time before you can earn a big amount.
The same goes here in the crypto field that we are in, if you invest a large amount and you are able to suddenly increase by 100, for sure you can earn a lot and if you have small capital and suddenly increase by 100, you are still a jackpot, this is the difference between crypto investment and traditional investment.
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for professional traders taking loans for trading is not a big problem because they have enough knowledge and experience, with good analysis and strategy they can take profit consistently. but if the market suddenly changes, a professional trader sometimes predicts inaccurately and gets trapped. so in my opinion, taking loans is not suitable for me because I am not a professional trader.
Been a professional trader doesn't guarantee anything either you are going to make it from trading or you are going to lose it again. I'm against any trader borrowing money to trade because even though you are expert in trading, you are going to be nervous anytime you want to use that money to trade due to fear and anxiety of loan money.
Trading with your own money doesn't just give you freedom, it gives you peace of mind to follow the market so you can make profit in peace, you don't want to be desperate because of the interest waiting for you.
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Knowing the implication for loan, i will not advise someone to go for taking loan into cryptocurrency, also, having years of crypto experience, i cant still advise on someone to take a crypto loan on a volatile investment, they may end up losing everything completely, most especially the newbies, the best ideal way is for anyone interesting to learn how they could earn it and the invest on it without going for loan.
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for professional traders taking loans for trading is not a big problem because they have enough knowledge and experience, with good analysis and strategy they can take profit consistently. but if the market suddenly changes, a professional trader sometimes predicts inaccurately and gets trapped. so in my opinion, taking loans is not suitable for me because I am not a professional trader.
Been a professional trader doesn't guarantee anything either you are going to make it from trading or you are going to lose it again. I'm against any trader borrowing money to trade because even though you are expert in trading, you are going to be nervous anytime you want to use that money to trade due to fear and anxiety of loan money.
Trading with your own money doesn't just give you freedom, it gives you peace of mind to follow the market so you can make profit in peace, you don't want to be desperate because of the interest waiting for you.
I agree with you, in trading you need calm and focus, so we should not take loans for trading. Although many professional traders do it, there is no guarantee that they will always win. However, with their skills in trading, a professional trader can get more profit than loss.
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I agree with you, in trading you need calm and focus, so we should not take loans for trading. Although many professional traders do it, there is no guarantee that they will always win. However, with their skills in trading, a professional trader can get more profit than loss.
The main thing is about knowledge. Be smart to do anything. However, mentality is also important, we need to patient and calm. When they market looks not in a good condition, we don't hurry to sell for losses. Sure, there is no guarantee for profits, there is no same strategy works every time. So we must adapt with more knowledge and experience. This is the way of professional traders to deal with crypto market conditions.
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Knowing the implication for loan, i will not advise someone to go for taking loan into cryptocurrency, also, having years of crypto experience, i cant still advise on someone to take a crypto loan on a volatile investment, they may end up losing everything completely, most especially the newbies, the best ideal way is for anyone interesting to learn how they could earn it and the invest on it without going for loan.
I read the comments above and the majority advise not to take loans if you want to invest in crypto because it is risky. I initially invested in crypto from bounty and airdrop money and I always trade until I have a profit to increase my crypto assets. So I don't use money from my real world income.
because I have needs for my family.
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for professional traders taking loans for trading is not a big problem because they have enough knowledge and experience, with good analysis and strategy they can take profit consistently. but if the market suddenly changes, a professional trader sometimes predicts inaccurately and gets trapped. so in my opinion, taking loans is not suitable for me because I am not a professional trader.
Been a professional trader doesn't guarantee anything either you are going to make it from trading or you are going to lose it again. I'm against any trader borrowing money to trade because even though you are expert in trading, you are going to be nervous anytime you want to use that money to trade due to fear and anxiety of loan money.
Trading with your own money doesn't just give you freedom, it gives you peace of mind to follow the market so you can make profit in peace, you don't want to be desperate because of the interest waiting for you.
I agree with you, in trading you need calm and focus, so we should not take loans for trading. Although many professional traders do it, there is no guarantee that they will always win. However, with their skills in trading, a professional trader can get more profit than loss.
In trading the decisions which are made calmly and without the pressure are more likely to generate positive results. Whenever we include loans in this activity, the need to always get a profit direction becomes much higher; this usually fights the clear thinking that we ought to embrace at any one time. Even though the professional trader may have the skills and working experience, there is always a risk and one cannot really tell what the outcome of the market will be. It is better to use capital obtained from a safe and controlled source because that lets you work calmly. Trading should be an activity that gives out chances in every trade not an extra risk to face.
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I read the comments above and the majority advise not to take loans if you want to invest in crypto because it is risky. I initially invested in crypto from bounty and airdrop money and I always trade until I have a profit to increase my crypto assets. So I don't use money from my real world income.
because I have needs for my family.
During have many trader here earn much profitable from bounty campaign and airdrop project so most of them not recommended take loan for trading, but bounty and airdrop era have been over awhile and difficult earn much capital for trading right now without take loan.
In my opinion not problem if you want take loan for trading but you must be careful about loan interest and how long loan period for payment. Most important take loan when bitcoin at lower price don't take risk after bitcoin hitting most higher price and get loan for investing in cryptocurrency.
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I read the comments above and the majority advise not to take loans if you want to invest in crypto because it is risky. I initially invested in crypto from bounty and airdrop money and I always trade until I have a profit to increase my crypto assets. So I don't use money from my real world income.
because I have needs for my family.
During have many trader here earn much profitable from bounty campaign and airdrop project so most of them not recommended take loan for trading, but bounty and airdrop era have been over awhile and difficult earn much capital for trading right now without take loan.
In my opinion not problem if you want take loan for trading but you must be careful about loan interest and how long loan period for payment. Most important take loan when bitcoin at lower price don't take risk after bitcoin hitting most higher price and get loan for investing in cryptocurrency.
good advice, if you take a loan, the price of bitcoin should still be low. but we have to think about paying interest and installments. because if we buy bitcoin during the bearish season the price is still low and it is difficult to make a profit because bitcoin will definitely struggle for a long time. And if you take a loan before the bullish season, the price of bitcoin is already high. that's why it is advisable not to take a loan because it is too risky
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Crypto currency is bad for loan as per my personal view.
In any market while we taking loan for investment we are invited presure on us to pay interest regular basis which is create emotions against capital too.
So if we have surplus amount then we can hold such stocks or coin without fear of paying intrest and can hold long time and can rewards good.
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good advice, if you take a loan, the price of bitcoin should still be low. but we have to think about paying interest and installments. because if we buy bitcoin during the bearish season the price is still low and it is difficult to make a profit because bitcoin will definitely struggle for a long time. And if you take a loan before the bullish season, the price of bitcoin is already high. that's why it is advisable not to take a loan because it is too risky
So investing involves taking certain steps carefully. When we are going to use a loan and how, we consider how manageable the payments will be no matter what trends in the market. Because no one can guarantee when an asset value will increase or decrease, market timing is a trap. A safer choice is starting an investment with funds that we really have because we will not be stressed with increases of financial obligations if the invested money does not yield the expected results. Without planned risk taking, taking big risks only piles burden on ourselves. Steps we can take to get us away from huge losses in the future are managing expectations, and staying in our means.
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I read the comments above and the majority advise not to take loans if you want to invest in crypto because it is risky. I initially invested in crypto from bounty and airdrop money and I always trade until I have a profit to increase my crypto assets. So I don't use money from my real world income.
because I have needs for my family.
During have many trader here earn much profitable from bounty campaign and airdrop project so most of them not recommended take loan for trading, but bounty and airdrop era have been over awhile and difficult earn much capital for trading right now without take loan.
In my opinion not problem if you want take loan for trading but you must be careful about loan interest and how long loan period for payment. Most important take loan when bitcoin at lower price don't take risk after bitcoin hitting most higher price and get loan for investing in cryptocurrency.
good advice, if you take a loan, the price of bitcoin should still be low. but we have to think about paying interest and installments. because if we buy bitcoin during the bearish season the price is still low and it is difficult to make a profit because bitcoin will definitely struggle for a long time. And if you take a loan before the bullish season, the price of bitcoin is already high. that's why it is advisable not to take a loan because it is too risky
In addition to thinking about when to start borrowing for investment, the most important thing is the ability to be able to pay the loan installments that occur. After that, determine when to start investing, because it is adjusted at the right time and does not take long and now is the right time to take a loan, because soon the season will increase and everything can move up and profits are easy to earn.
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In addition to thinking about when to start borrowing for investment, the most important thing is the ability to be able to pay the loan installments that occur. After that, determine when to start investing, because it is adjusted at the right time and does not take long and now is the right time to take a loan, because soon the season will increase and everything can move up and profits are easy to earn.
No doubt, firstly ability financial condition for loan payment have schedule monthly due some time we can't take much profit from our investment and have long term target. Don't take loan yet if don't have any side or main job ability to pay loan payment every month but if can handle yet to earn profit in short term and we can get ability earn profit to pay loan payment monthly looks not problem yet.
Firstly if have right moment must prepare for loan payment until six or eight months later and we can be long term holding by investing in cryptocurrency using loan.
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I read the comments above and the majority advise not to take loans if you want to invest in crypto because it is risky. I initially invested in crypto from bounty and airdrop money and I always trade until I have a profit to increase my crypto assets. So I don't use money from my real world income.
because I have needs for my family.
During have many trader here earn much profitable from bounty campaign and airdrop project so most of them not recommended take loan for trading, but bounty and airdrop era have been over awhile and difficult earn much capital for trading right now without take loan.
In my opinion not problem if you want take loan for trading but you must be careful about loan interest and how long loan period for payment. Most important take loan when bitcoin at lower price don't take risk after bitcoin hitting most higher price and get loan for investing in cryptocurrency.
good advice, if you take a loan, the price of bitcoin should still be low. but we have to think about paying interest and installments. because if we buy bitcoin during the bearish season the price is still low and it is difficult to make a profit because bitcoin will definitely struggle for a long time. And if you take a loan before the bullish season, the price of bitcoin is already high. that's why it is advisable not to take a loan because it is too risky
If you are taking a loan simply because you want to invest in bitcoin without having a means to pay back the loan you collected, but feel you can pay back the loan from your bitcoin profit is very risky and should be frowned at. This is because it looks like you are gambling since bitcoin investment is a long-term plan and not a get rich quick scheme. Your loan giver will get you arrested.
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If you are taking a loan simply because you want to invest in bitcoin without having a means to pay back the loan you collected, but feel you can pay back the loan from your bitcoin profit is very risky and should be frowned at. This is because it looks like you are gambling since bitcoin investment is a long-term plan and not a get rich quick scheme. Your loan giver will get you arrested.
I have the same way with you about taking loan for investing in bitcoin but have side or main income for loan payment not from bitcoin profitable earn. Its take longer time to earn much profitable from bitcoin investment if want get short term trade but use other income for loan payment every month.
You can pay loan payment every month from salary or side job then set up investing in bitcoin for long term target, I believe after two or three years later have potential earn much profitable and all your loan paid fully from your side or main job income.
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If you are taking a loan simply because you want to invest in bitcoin without having a means to pay back the loan you collected, but feel you can pay back the loan from your bitcoin profit is very risky and should be frowned at. This is because it looks like you are gambling since bitcoin investment is a long-term plan and not a get rich quick scheme. Your loan giver will get you arrested.
I have the same way with you about taking loan for investing in bitcoin but have side or main income for loan payment not from bitcoin profitable earn. Its take longer time to earn much profitable from bitcoin investment if want get short term trade but use other income for loan payment every month.
You can pay loan payment every month from salary or side job then set up investing in bitcoin for long term target, I believe after two or three years later have potential earn much profitable and all your loan paid fully from your side or main job income.
If you have the opinion of Alain, the business or salary of the real world you can take loans to invest in BITCPN, and this is safe because you have the preacher to pay for the loan or installment interest. Because the results of the benefits of investment in bitcooin are long enough, especially if you buy at the time of bearish we have to wait until the bullish season.
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If you are taking a loan simply because you want to invest in bitcoin without having a means to pay back the loan you collected, but feel you can pay back the loan from your bitcoin profit is very risky and should be frowned at. This is because it looks like you are gambling since bitcoin investment is a long-term plan and not a get rich quick scheme. Your loan giver will get you arrested.
It is unadvisable to take out an investment by the use of a loan with no tangible way of repaying in the initial stages or in the future. While it remains true that Bitcoin and most of the cryptocurrencies can actually generate profit the rate of fluctuation of the digital currencies is very high and therefore it is suggested that they should better be considered as logically well thought investment and not a way of making quick bucks. If this is not well managed, such decisions can be costly mainly due to our expectations not being met by the results achieved. We should always ensure that we only invest with money we can afford to lose so that no extra burden which puts the financial position of the enterprise in jeopardy is added. The simple act of being wiser can help avoid any emerging unpleasant risks.
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I read the comments above and the majority advise not to take loans if you want to invest in crypto because it is risky. I initially invested in crypto from bounty and airdrop money and I always trade until I have a profit to increase my crypto assets. So I don't use money from my real world income.
because I have needs for my family.
During have many trader here earn much profitable from bounty campaign and airdrop project so most of them not recommended take loan for trading, but bounty and airdrop era have been over awhile and difficult earn much capital for trading right now without take loan.
In my opinion not problem if you want take loan for trading but you must be careful about loan interest and how long loan period for payment. Most important take loan when bitcoin at lower price don't take risk after bitcoin hitting most higher price and get loan for investing in cryptocurrency.
Besides what you said dude, you should also be reasonable in borrowing money, where you should use it for the right purpose and not for gambling or your gambling habit, because this is the wrong mindset of others who take loans, thinking that this will help them get out of poverty.
There are so many people who make mistakes and act with this mindset in the reality of life, particularly those who are in poverty and gambling is their only easy way to meet their needs. In which is still wrong.
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Besides what you said dude, you should also be reasonable in borrowing money, where you should use it for the right purpose and not for gambling or your gambling habit, because this is the wrong mindset of others who take loans, thinking that this will help them get out of poverty.
There are so many people who make mistakes and act with this mindset in the reality of life, particularly those who are in poverty and gambling is their only easy way to meet their needs. In which is still wrong.
Borrowing money for the same thing, we just do something silly in our lives. Meanwhile, if we borrow money to invest in Crypto, we still have [the opportunity to get a profit if we buy at the right time and sell it when prices rise high. Although many people do not recommend borrowing money to invest in Crypto because the risk is very large.
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Borrowing money for the same thing, we just do something silly in our lives. Meanwhile, if we borrow money to invest in Crypto, we still have [the opportunity to get a profit if we buy at the right time and sell it when prices rise high. Although many people do not recommend borrowing money to invest in Crypto because the risk is very large.
It's actually tempting for many people to borrow and then invest when they see a lot of 'success stories' in social media. They (so called gurus) say the same thing as buying low and selling high and that there are risks involve but all that are overshadowed by the gains they show to their audience.
For anyone planning to get quick cash thinking whey will be missing out, better to sell some of your devices than borrowing money.
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And if you take a loan before the bullish season, the price of bitcoin is already high. that's why it is advisable not to take a loan because it is too risky
Yes, that's a good advice, if someone really wants to earn profit from Bitcoin then it's 100x better to invest your own money by doing some type of DCA like DCA on weekly basis, or on monthly basis, or by doing DCA during the Dips. That's the best way to earn profits and taking loan for investing in Bitcoin is not recommended at all. +1
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And if you take a loan before the bullish season, the price of bitcoin is already high. that's why it is advisable not to take a loan because it is too risky
Yes, that's a good advice, if someone really wants to earn profit from Bitcoin then it's 100x better to invest your own money by doing some type of DCA like DCA on weekly basis, or on monthly basis, or by doing DCA during the Dips. That's the best way to earn profits and taking loan for investing in Bitcoin is not recommended at all. +1
Everyone is free to regulate themselves in the investment that will be made either by taking a loan or by buying through DCA and no one can prohibit and intervene in what is done. We can only suggest that with a loan it is certainly very risky if you cannot return it on time, aka default.
All is returned to the individual because they are the ones who know the abilities that can be done either by borrowing or buying through DCA.
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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?
It would be kind of sheer stupidity to invest in crypto-currencies by taking a loan from a bank. Investing in cryptocurrencies involves uncertain possibilities and risks. If there was such a guarantee that profits would be made, then of course loans or borrowings could be invested. But both profit and loss are uncertain, so it should not be suggested to invest by taking a loan from the bank.
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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?
It would be kind of sheer stupidity to invest in crypto-currencies by taking a loan from a bank. Investing in cryptocurrencies involves uncertain possibilities and risks. If there was such a guarantee that profits would be made, then of course loans or borrowings could be invested. But both profit and loss are uncertain, so it should not be suggested to invest by taking a loan from the bank.
For a professional trader who can get profit consistently, they can take bank loans because they can pay their installments. For those who are not trading experts, you should not take the investment for investment. This is me talking tetant trading. But for long -term HODs it is advisable to use free money, don't loan money.
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For a professional trader who can get profit consistently, they can take bank loans because they can pay their installments. For those who are not trading experts, you should not take the investment for investment. This is me talking tetant trading. But for long -term HODs it is advisable to use free money, don't loan money.
Yep. A person should always take a loan knowing fully well he will be able to repay it back.
There is no loan if you want to try something out with the funds you acquired - you get easily get in a sticky situation afterward.
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Yep. A person should always take a loan knowing fully well he will be able to repay it back.
The thing is that majority of people who borrows thinks they could pay it back until something bad happens. I guess we have to be more specific here that a person could take a loan to invest in crypto but it has to be within his earning capacity. Taking $100K when you're only earning roughly $3K (gross) a month for example.
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The thing is that majority of people who borrows thinks they could pay it back until something bad happens. I guess we have to be more specific here that a person could take a loan to invest in crypto but it has to be within his earning capacity. Taking $100K when you're only earning roughly $3K (gross) a month for example.
The problem about money borrowing isn't the main issue, it's about the size. There are kind of money that you are going to borrow and you will be able to pay back no matter the unexpected problems that will arise later. If you have a plan to borrow money, try as much as possible to borrow 5-10% of what you earned, so you can find a way to squeeze in paying back the money.
Some people will borrow 3x of what they make and plans to pay in batch payment but the challenge about this is that you don't know what make come up later, you know life is full of ups and down, you don't know what can come next, this is why you should plan but add worse scenarios.
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Yep. A person should always take a loan knowing fully well he will be able to repay it back.
There is no loan if you want to try something out with the funds you acquired - you get easily get in a sticky situation afterward.
Of course correct, but having extra assets to repay the loan can't be risky. Suppose you can sell some of your assets to pay off the loan if you don't make a profit from your crypto investment. But i will always urge everyone that taking loans to invest in crypto is foolish. When the price of your purchased tokens drops then you will have a cash crunch. And if you want to pay off the loan then you will have to pay additional interest so it will go towards additional risk.
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Yep. A person should always take a loan knowing fully well he will be able to repay it back.
There is no loan if you want to try something out with the funds you acquired - you get easily get in a sticky situation afterward.
Of course correct, but having extra assets to repay the loan can't be risky. Suppose you can sell some of your assets to pay off the loan if you don't make a profit from your crypto investment. But i will always urge everyone that taking loans to invest in crypto is foolish. When the price of your purchased tokens drops then you will have a cash crunch. And if you want to pay off the loan then you will have to pay additional interest so it will go towards additional risk.
If you have other income that can be used to pay off the loan when we are stuck in buying coins at a high price and have to wait to be able to sell them because the market is correcting, then I think we can take out a loan considering that there are other assets to pay for it. but if there is none, it is better not to take out a loan because it is very risky.
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It would be kind of sheer stupidity to invest in crypto-currencies by taking a loan from a bank. Investing in cryptocurrencies involves uncertain possibilities and risks. If there was such a guarantee that profits would be made, then of course loans or borrowings could be invested. But both profit and loss are uncertain, so it should not be suggested to invest by taking a loan from the bank.
Agree. It is not a wise way to take a loan from banks. Investing in crypto must be with safe money. If we take a loan from banks, we must pay big bank interest. Moreover, crypto investment is high risk, there is no guarantee to gain profits. So, why don't we invest with safe money. It is no problem if it is with smaller money. We can do DCA, just buy crypto gradually with small money. If we do it a long time, we can collect big investment as well.
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It would be kind of sheer stupidity to invest in crypto-currencies by taking a loan from a bank. Investing in cryptocurrencies involves uncertain possibilities and risks. If there was such a guarantee that profits would be made, then of course loans or borrowings could be invested. But both profit and loss are uncertain, so it should not be suggested to invest by taking a loan from the bank.
Agree. It is not a wise way to take a loan from banks. Investing in crypto must be with safe money. If we take a loan from banks, we must pay big bank interest. Moreover, crypto investment is high risk, there is no guarantee to gain profits. So, why don't we invest with safe money. It is no problem if it is with smaller money. We can do DCA, just buy crypto gradually with small money. If we do it a long time, we can collect big investment as well.
Investing is always safer and logical when using money that has been earned and which is not tied to something else, especially when investing in high risk options such as the crypto currency. Taking a loan from the bank will only make the pressure of having to pay high interest rates on the a burden as they will drag us down if the investment does not yield reasonable returns on the investment. Using such an approach like buying little amounts of crypto over time also serves the advantage of avoiding high price volatility in the market. Long-term application of this basic logic therefore could make a large difference without stressing about it or taking chances you do not need to take. Financial risk always remain a big factor in holding considering any investment.
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It would be kind of sheer stupidity to invest in crypto-currencies by taking a loan from a bank. Investing in cryptocurrencies involves uncertain possibilities and risks. If there was such a guarantee that profits would be made, then of course loans or borrowings could be invested. But both profit and loss are uncertain, so it should not be suggested to invest by taking a loan from the bank.
Agree. It is not a wise way to take a loan from banks. Investing in crypto must be with safe money. If we take a loan from banks, we must pay big bank interest. Moreover, crypto investment is high risk, there is no guarantee to gain profits. So, why don't we invest with safe money. It is no problem if it is with smaller money. We can do DCA, just buy crypto gradually with small money. If we do it a long time, we can collect big investment as well.
I always say this to borrowers, if you don't have alternative source of income for backup purpose do not go borrowing to invest not to talk of Crypto which we all know how volatile it could be. It is true that one can make a good fortune from the Crypto market, the reverse could also be the case so in that situation what do you do when it dumps on your borrowed investment?
Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
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Yep. A person should always take a loan knowing fully well he will be able to repay it back.
There is no loan if you want to try something out with the funds you acquired - you get easily get in a sticky situation afterward.
Of course correct, but having extra assets to repay the loan can't be risky. Suppose you can sell some of your assets to pay off the loan if you don't make a profit from your crypto investment. But i will always urge everyone that taking loans to invest in crypto is foolish. When the price of your purchased tokens drops then you will have a cash crunch. And if you want to pay off the loan then you will have to pay additional interest so it will go towards additional risk.
If you have other income that can be used to pay off the loan when we are stuck in buying coins at a high price and have to wait to be able to sell them because the market is correcting, then I think we can take out a loan considering that there are other assets to pay for it. but if there is none, it is better not to take out a loan because it is very risky.
I took a $200 loan from my friend today and already purchased nodepay tokens with that money. Since the token is listed on the exchange today so it is a very shot time investment idea. Although i already have a lot of profit from other altcoins so i want to hold them long time. Even if nodepay token leads me to loss then i won't have much trouble. Because i have a lot of funds so i can easily repay this type of loan. But i consider taking loan from bank as a big risk.
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I took a $200 loan from my friend today and already purchased nodepay tokens with that money. Since the token is listed on the exchange today so it is a very shot time investment idea. Although i already have a lot of profit from other altcoins so i want to hold them long time. Even if nodepay token leads me to loss then i won't have much trouble. Because i have a lot of funds so i can easily repay this type of loan. But i consider taking loan from bank as a big risk.
If you feel confident in borrowing money to invest, of course you can do it because you have the ability to pay it back. Investing in crypto with borrowed money is indeed a big risk because crypto prices are very volatile, but if you have the ability to pay using real-world money and it doesn't interfere with your living needs, I don't think this is a problem.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
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We know cryptocurrency market always unpredictable and it is very risky for investment. So it also risky investment for loan. If we take lone and that invest on crypto it will creat extra presser to invest. And then we were losser from here.
So i think if we want to invest on cryptocurrency then we take fund from our own fund then we will able to invest on cryptocurrency freely.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
Taking a loan is not even advisable because of the market volatility. You never can tell how long a market could take to pick up if it goes bearish and if such happens near when you are supposed to have paid back the loanand you are yet to do so, it would be a disaster because you cannot pay back the loan and the possibility of you forfeiting your collateral would be the only option. This is why we are advised to use spare funds for crypto investment or invest as we can afford to lose. But sometimes it does not necessarily mean we lose our funds, but we being patient enough to wait for the market to pick up back as it usually does.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
Taking a loan is not even advisable because of the market volatility. You never can tell how long a market could take to pick up if it goes bearish and if such happens near when you are supposed to have paid back the loanand you are yet to do so, it would be a disaster because you cannot pay back the loan and the possibility of you forfeiting your collateral would be the only option. This is why we are advised to use spare funds for crypto investment or invest as we can afford to lose. But sometimes it does not necessarily mean we lose our funds, but we being patient enough to wait for the market to pick up back as it usually does.
I strongly agree with using reserve funds for investment because we are more focused on holding if the market is declining and sluggish. During the bullish season we only see the market experiencing a correction, but when it is bearish we will see a long correction that makes us have to be patient waiting for the market to improve again.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
Taking a loan is not even advisable because of the market volatility. You never can tell how long a market could take to pick up if it goes bearish and if such happens near when you are supposed to have paid back the loanand you are yet to do so, it would be a disaster because you cannot pay back the loan and the possibility of you forfeiting your collateral would be the only option. This is why we are advised to use spare funds for crypto investment or invest as we can afford to lose. But sometimes it does not necessarily mean we lose our funds, but we being patient enough to wait for the market to pick up back as it usually does.
I strongly agree with using reserve funds for investment because we are more focused on holding if the market is declining and sluggish. During the bullish season we only see the market experiencing a correction, but when it is bearish we will see a long correction that makes us have to be patient waiting for the market to improve again.
One thing we should know before venturing into crypto is that we should have to be patient because the space is only for those who can be patient enough to watch through in seeing the bear take place before the bull comes. At this point of bear, if one invested with a spare fund, they would need not worry because already they know how the market works to have used a spare fund for investing in a coin. The market is very volatile and as such requires patience to overcome bear situations but not often is the market bearish however, it is good that we are always ready and prepared for whatever the market situation is like.
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I strongly agree with using reserve funds for investment because we are more focused on holding if the market is declining and sluggish. During the bullish season we only see the market experiencing a correction, but when it is bearish we will see a long correction that makes us have to be patient waiting for the market to improve again.
Reserve funds is like a savings account and all savings have a purpose which has its need later. What I think about crypto investment is that people should invest with money they know they can risk and wouldn't mind what come of the outcome. It's good to be optimistic you know but it's also good to have the worst case in your mind so that you wouldn't say you wish you should have not invested that money.
Risk the amount you know you are comfortable with investment. If it's $10 you know you can let go, do with that and don't add to it and if it's $1000, go with that amount and be optimistic but have some disappointment in mind because the journey is not rossy like the way they paint it.
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I strongly agree with using reserve funds for investment because we are more focused on holding if the market is declining and sluggish. During the bullish season we only see the market experiencing a correction, but when it is bearish we will see a long correction that makes us have to be patient waiting for the market to improve again.
Reserve funds is like a savings account and all savings have a purpose which has its need later. What I think about crypto investment is that people should invest with money they know they can risk and wouldn't mind what come of the outcome. It's good to be optimistic you know but it's also good to have the worst case in your mind so that you wouldn't say you wish you should have not invested that money.
Risk the amount you know you are comfortable with investment. If it's $10 you know you can let go, do with that and don't add to it and if it's $1000, go with that amount and be optimistic but have some disappointment in mind because the journey is not rossy like the way they paint it.
This is something that is difficult to do, in crypto investment we have to use money that we can bet and do not care about the results. whereas the plan of every person investing in crypto is to make a profit. Maybe by using free money we will be more focused and if we lose we will not be too heavy to bear the loss.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
Taking a loan is not even advisable because of the market volatility. You never can tell how long a market could take to pick up if it goes bearish and if such happens near when you are supposed to have paid back the loanand you are yet to do so, it would be a disaster because you cannot pay back the loan and the possibility of you forfeiting your collateral would be the only option. This is why we are advised to use spare funds for crypto investment or invest as we can afford to lose. But sometimes it does not necessarily mean we lose our funds, but we being patient enough to wait for the market to pick up back as it usually does.
I agree with you, if we take a loan and there is no reserve fund to pay the installments while we know the crypto market is difficult to predict, this makes us face a new problem. Investing in crypto is very risky, plus having to return the loan when we are trapped in a crypto market that is experiencing a decline.
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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?
Having cryptocurrency as a source of income is a good thing, but you cannot depend solely on cryptocurrency because it is not permanent, Cryptocurrency is a volatile market, and its existence is not guaranteed. even if you invest in cryptocurrency it's advisable to have a stable, well paying job to fall back on in case the cryptocurrency market collapses. Regarding loans, it's not recommended to borrow money to invest or trade in cryptocurrency. The cryptocurrency market is unpredictable, and there's always a risk of losing your investment. That's why experts advise starting with money you can afford to lose. Borrowing money to invest in cryptocurrency can lead to financial difficulties if you incur losses. You may struggle to repay the loan, and the consequences can be severe.
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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?
Borrowing money to invest in cryptocurrency can lead to financial difficulties if you incur losses. You may struggle to repay the loan, and the consequences can be severe.
When there is a financial crisis for investment, someone takes a loan. If someone cannot repay the loan, then he will lose from the investment and on the other hand he will have to pay extra money against the loan. That is, he will suffer from both sides. Cryptocurrency is a risky platform where there is no guarantee. Someone can own more money in a short time or someone can lose all his money. That is why one should not take risks with loan money. But still, if someone is able to bear the risk, then he can take that risk. If he can invest in the right place, then he will definitely benefit.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
Taking a loan is not even advisable because of the market volatility. You never can tell how long a market could take to pick up if it goes bearish and if such happens near when you are supposed to have paid back the loanand you are yet to do so, it would be a disaster because you cannot pay back the loan and the possibility of you forfeiting your collateral would be the only option. This is why we are advised to use spare funds for crypto investment or invest as we can afford to lose. But sometimes it does not necessarily mean we lose our funds, but we being patient enough to wait for the market to pick up back as it usually does.
I agree with you, if we take a loan and there is no reserve fund to pay the installments while we know the crypto market is difficult to predict, this makes us face a new problem. Investing in crypto is very risky, plus having to return the loan when we are trapped in a crypto market that is experiencing a decline.
At first it is never advisable to invest in crypto with borrowed funds when you have no sources of income or cash flow to back you up if anything happens. Crypto market is not what we should just dabble into without doing the necessary research to broaden our knowledge before investing. This would help us know when to invest and when to collect profit as to avoid being trapped in the course of trading. Rmeber that we are advised to trade fit the funds we can afford to lose so that we do not get worried if being caught in the web by market conditions.
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Crypto market is a lucrative one but In as much as we want to invest in it, we should be able to invest with funds we can afford to lose maybe our spare funds or budget we have for it. It could be done in a bit sequentially till we achieve our investment goal and target.
Yep. We don't need to invest with a big capital if we have no enough money yet. We have an option to invest gradually with DCA method or the like. We should always remember to invest with safe money, we use the money that won't be a problem if we lose it. Crypto investment is surely very profitable but it sometimes becomes unpredictable. How if crypto prices are decreasing severely? If we use safe money, it won't be a big problem. But if we invest all our money, it will be a big problem. Moreover if we use loan money, losing all the money can be a disaster.
Taking a loan is not even advisable because of the market volatility. You never can tell how long a market could take to pick up if it goes bearish and if such happens near when you are supposed to have paid back the loanand you are yet to do so, it would be a disaster because you cannot pay back the loan and the possibility of you forfeiting your collateral would be the only option. This is why we are advised to use spare funds for crypto investment or invest as we can afford to lose. But sometimes it does not necessarily mean we lose our funds, but we being patient enough to wait for the market to pick up back as it usually does.
I agree with you, if we take a loan and there is no reserve fund to pay the installments while we know the crypto market is difficult to predict, this makes us face a new problem. Investing in crypto is very risky, plus having to return the loan when we are trapped in a crypto market that is experiencing a decline.
At first it is never advisable to invest in crypto with borrowed funds when you have no sources of income or cash flow to back you up if anything happens. Crypto market is not what we should just dabble into without doing the necessary research to broaden our knowledge before investing. This would help us know when to invest and when to collect profit as to avoid being trapped in the course of trading. Rmeber that we are advised to trade fit the funds we can afford to lose so that we do not get worried if being caught in the web by market conditions.
Its never been advisable that you should really be that making use of loan amount when dealing up with crypto investment on which its really that recommended that you do invest only on the amount on which you can afford to lose and on the time that you will be having such approach on which you will be definitely not that minding that much or getting stressed out on the time or moment that the market will really be that making corrections or simply showing up some negative. On the moment or time that you will be investing into the amount that taken from loan or borrowed amount then you will be facing up that very huge problem or you would really be having that depression.
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At first it is never advisable to invest in crypto with borrowed funds when you have no sources of income or cash flow to back you up if anything happens. Crypto market is not what we should just dabble into without doing the necessary research to broaden our knowledge before investing. This would help us know when to invest and when to collect profit as to avoid being trapped in the course of trading. Rmeber that we are advised to trade fit the funds we can afford to lose so that we do not get worried if being caught in the web by market conditions.
No matter how pro trader or crypto analyst a person is, he should never borrow money and invest in crypto. Because crypto is very risky thing where anything can happen anytime. sometimes even after making very accurate predictions, the market does not act according to those predictions. So one should never think of a loan to invest in crypto. Crypto can give a lot in less time and take a lot in less time. so one should always invest in crypto according to one's ability and never indulge in loan schemes.
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At first it is never advisable to invest in crypto with borrowed funds when you have no sources of income or cash flow to back you up if anything happens. Crypto market is not what we should just dabble into without doing the necessary research to broaden our knowledge before investing. This would help us know when to invest and when to collect profit as to avoid being trapped in the course of trading. Rmeber that we are advised to trade fit the funds we can afford to lose so that we do not get worried if being caught in the web by market conditions.
No matter how pro trader or crypto analyst a person is, he should never borrow money and invest in crypto. Because crypto is very risky thing where anything can happen anytime. sometimes even after making very accurate predictions, the market does not act according to those predictions. So one should never think of a loan to invest in crypto. Crypto can give a lot in less time and take a lot in less time. so one should always invest in crypto according to one's ability and never indulge in loan schemes.
Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
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Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
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Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
This is crypto for you, I was at a function today when a friend walked up to me and asked me about the Trump memes and if I bought them. I was wondering because I have come across lots of trump memes till I asked him to be sure then he told me it was Trump who twitted it early hours of today immediately I had to adjust from the crowd and log into my X account to see for myself and it was true as that time I saw it, it was $16 and was not convenient for me to start trading them as I was in a public place I had to be patient till I got home and before then it got to $29 that was how I missed it. I did a thorough research on it and found out that it started trading early hours of today as low as $0.03 which if I had gotten the information, I would have bought enough of it but sometimes things just happen this way. The unexpected could just happen maybe you are on the track or you miss out.
You really showed the disciplined nature of you to have ignored using your friends money to invest in it, if you had done that you could have made profit, you could have got trapped or otherwise but the truth is that you have been able to show how disciplined you are even when no one is watching you. I commend you for that act.
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Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
I see Trump coin soaring after its launch, this is because of the famous person like trump behind it. But will it last long?
We have to see and do research and analysis of every hype coin, maybe for the short term it is not risky but it should not be for the long term.
This is just my analysis. Because I am also waiting for other hype coins to invest and hope to get profit from coins like trump.
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Guys, nobody is loaning Trump coin to anyone. (Thank goodness.)
But speaking of which, Coinbase just launched a product where you can get quasi-BTC loans from their service and you use your real BTC as collateral. It's also a taxable event. Which kinda defeats the purpose of a loan which is a liability LOL. So understandably, people have been meming it to death.
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Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
I see Trump coin soaring after its launch, this is because of the famous person like trump behind it. But will it last long?
We have to see and do research and analysis of every hype coin, maybe for the short term it is not risky but it should not be for the long term.
This is just my analysis. Because I am also waiting for other hype coins to invest and hope to get profit from coins like trump.
Only in one day has he gotten his latest ATH with an extraordinary %, but it does not run long and is now corrected and this indicates that the meme coin is very vulnerable for long -term investment and just for a moment to be able to provide benefits. So, if anyone is trying to make a profit in the future, at least you have to analyze well so as not to be fooled by Dev's game, which is always looking for opportunities for things like that.
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Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
I see Trump coin soaring after its launch, this is because of the famous person like trump behind it. But will it last long?
We have to see and do research and analysis of every hype coin, maybe for the short term it is not risky but it should not be for the long term.
This is just my analysis. Because I am also waiting for other hype coins to invest and hope to get profit from coins like trump.
Only in one day has he gotten his latest ATH with an extraordinary %, but it does not run long and is now corrected and this indicates that the meme coin is very vulnerable for long -term investment and just for a moment to be able to provide benefits. So, if anyone is trying to make a profit in the future, at least you have to analyze well so as not to be fooled by Dev's game, which is always looking for opportunities for things like that.
People never ever learn on which they would really be that starting to make up some research at the time or moment that they've been wrecked or lose up too much money and not on the moment that they do before making up some investment. When dealing up with meme coins then we do really know on how risky it is on which on the moment that everyone is already talking about it, then expect that the price is already into its peak and its just common sense that its not ideal to enter when it is really that on too much hype. You will be finding yourself to be the liquidity into those people who had been able to enter earlier. So better be cautious and wary because you would definitely be losing money instead of earning.
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People never ever learn on which they would really be that starting to make up some research at the time or moment that they've been wrecked or lose up too much money and not on the moment that they do before making up some investment. When dealing up with meme coins then we do really know on how risky it is on which on the moment that everyone is already talking about it, then expect that the price is already into its peak and its just common sense that its not ideal to enter when it is really that on too much hype. You will be finding yourself to be the liquidity into those people who had been able to enter earlier. So better be cautious and wary because you would definitely be losing money instead of earning.
In fact, there is a very common scenario when people learn when they sustain losses while the correct course of action is to carry out thorough research before opening an investment. When it comes to meme coins, we must understand that the potential is very high here, and especially if the coin is already hyped. On occasions where market sentiment leads to the price running high, buying at such highs sees us become part of the sell side of those who have purchased the assets at more reasonable prices. That is why the emphasis in managing the life insurance portfolios is put on maintaining constant caution and actively controlling the risk. By moving calmly and avoiding the common rush in investing, will assist in guiding us onto the correct path.
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Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
I see Trump coin soaring after its launch, this is because of the famous person like trump behind it. But will it last long?
We have to see and do research and analysis of every hype coin, maybe for the short term it is not risky but it should not be for the long term.
This is just my analysis. Because I am also waiting for other hype coins to invest and hope to get profit from coins like trump.
Only in one day has he gotten his latest ATH with an extraordinary %, but it does not run long and is now corrected and this indicates that the meme coin is very vulnerable for long -term investment and just for a moment to be able to provide benefits. So, if anyone is trying to make a profit in the future, at least you have to analyze well so as not to be fooled by Dev's game, which is always looking for opportunities for things like that.
People never ever learn on which they would really be that starting to make up some research at the time or moment that they've been wrecked or lose up too much money and not on the moment that they do before making up some investment. When dealing up with meme coins then we do really know on how risky it is on which on the moment that everyone is already talking about it, then expect that the price is already into its peak and its just common sense that its not ideal to enter when it is really that on too much hype. You will be finding yourself to be the liquidity into those people who had been able to enter earlier. So better be cautious and wary because you would definitely be losing money instead of earning.
I have come to realize that most people do not do good research before investing in projects, they are just moved by the hype and the devs know this hence they use hype to get at those investors who do not give thought to it. Although there are some who are very smart to follow up with such hype projects to take profit and go their way and not get caught in the web while some just hop in like that because of the hype and get stuck up.
Currently, the trump coin has declined, and people who bought high are now trapped while the smart ones and early adopters have taken their profit and gone their ways.
A bit of research is always important when it comes to investment be it online or offline the knowledge is vital to know where you are putting your funds because that alone could help you know what to do maybe to avert something or not to make a wrong investment decision that could wreck you in the future.
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I see Trump coin soaring after its launch, this is because of the famous person like trump behind it. But will it last long?
Only in one day has he gotten his latest ATH with an extraordinary %, but it does not run long and is now corrected and this indicates that the meme coin is very vulnerable for long -term investment and just for a moment to be able to provide benefits. So, if anyone is trying to make a profit in the future, at least you have to analyze well so as not to be fooled by Dev's game, which is always looking for opportunities for things like that.
It will live till Trump wants it to be alive.
It would dump, rug, and correct itself, but it would stay afloat, in my opinion, maybe even till the end of his term.
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People never ever learn on which they would really be that starting to make up some research at the time or moment that they've been wrecked or lose up too much money and not on the moment that they do before making up some investment. When dealing up with meme coins then we do really know on how risky it is on which on the moment that everyone is already talking about it, then expect that the price is already into its peak and its just common sense that its not ideal to enter when it is really that on too much hype. You will be finding yourself to be the liquidity into those people who had been able to enter earlier. So better be cautious and wary because you would definitely be losing money instead of earning.
Many people not learn from their mistake when investing at meme coins how easily get rug with coins suddenly removing liquidity, after loss much money in shit coins most of them keep investing at another shit coins although have believe with bad possibility in the future.
I have quit totally by investing in shit coins without have good way for listing at top market, forget if any shit coins listing at DEX because have easily way to make us loss much money.
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It will live till Trump wants it to be alive.
It would dump, rug, and correct itself, but it would stay afloat, in my opinion, maybe even till the end of his term.
Trump launched his own memecoin on January 17 and within days of his inauguration the coin price rose from less than $10 to $74.59, giving it a market capitalization of close to $15 billion. Though the value has since fallen to around $41. A few investors learned about this and bought at low prices and made good profits. But most of the people bought trump coin at higher price because of greed of profit but now they are in big loss. I think not to invest out of fomo, but you can invest for short time if you want. Since most of the projects are getting fomo these days so one has to be very careful to invest.
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It will live till Trump wants it to be alive.
It would dump, rug, and correct itself, but it would stay afloat, in my opinion, maybe even till the end of his term.
Trump launched his own memecoin on January 17 and within days of his inauguration the coin price rose from less than $10 to $74.59, giving it a market capitalization of close to $15 billion. Though the value has since fallen to around $41. A few investors learned about this and bought at low prices and made good profits. But most of the people bought trump coin at higher price because of greed of profit but now they are in big loss. I think not to invest out of fomo, but you can invest for short time if you want. Since most of the projects are getting fomo these days so one has to be very careful to invest.
I believe this Trump meme occurrence has taught many investors a big crypto lesson in their lives that they would not be in haste to forget so soon. This is the reason why it is good to do research before jumping into projects to invest. Hype does not give projects the sustainability they require but rather, it would be nice for such projects to grow organically to any height they desire because only then can they be sustainable. I think the trump meme is still in existence because Trump is the president and the possibility of the meme doing fine till he leaves office is under observation.
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[/quote] crypto can be good and bad for loans the most important thing is depends on your individual circumstances, risk tolerance, and financial goals. It's essential to approach crypto lending with caution, and a clear understanding of the potential risks and benefits before going for the loan.
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It will live till Trump wants it to be alive.
It would dump, rug, and correct itself, but it would stay afloat, in my opinion, maybe even till the end of his term.
Trump launched his own memecoin on January 17 and within days of his inauguration the coin price rose from less than $10 to $74.59, giving it a market capitalization of close to $15 billion. Though the value has since fallen to around $41. A few investors learned about this and bought at low prices and made good profits. But most of the people bought trump coin at higher price because of greed of profit but now they are in big loss. I think not to invest out of fomo, but you can invest for short time if you want. Since most of the projects are getting fomo these days so one has to be very careful to invest.
Surely, there is no need to go into it only due to FOMO - it's a true way to get drained easily.
Better yet to find other, more stable opportunities to hop onto.
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It will live till Trump wants it to be alive.
It would dump, rug, and correct itself, but it would stay afloat, in my opinion, maybe even till the end of his term.
Trump launched his own memecoin on January 17 and within days of his inauguration the coin price rose from less than $10 to $74.59, giving it a market capitalization of close to $15 billion. Though the value has since fallen to around $41. A few investors learned about this and bought at low prices and made good profits. But most of the people bought trump coin at higher price because of greed of profit but now they are in big loss. I think not to invest out of fomo, but you can invest for short time if you want. Since most of the projects are getting fomo these days so one has to be very careful to invest.
I believe this Trump meme occurrence has taught many investors a big crypto lesson in their lives that they would not be in haste to forget so soon. This is the reason why it is good to do research before jumping into projects to invest. Hype does not give projects the sustainability they require but rather, it would be nice for such projects to grow organically to any height they desire because only then can they be sustainable. I think the trump meme is still in existence because Trump is the president and the possibility of the meme doing fine till he leaves office is under observation.
Meme coins are very high risk and we have to get in before the coin is hype, don't get caught up in high prices when we buy at a price that is already high. Trump coins are indeed very hype and this is what makes me hesitate to invest in this coin, because honestly I was late to buy, when I realized the price was already high and now this coin is experiencing a price drop.
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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?
Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.
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Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.
Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.
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Not money earned from cryptocurrency is not for my sole livelihood. Because I have not yet believed the crypto currency so much. I think it’s important to stay stuck in crypto currency as well as other daily days work. So hiring B in some currency with loans from the bank is nothing but stupid to me. Bitcoin investing is a risky job so it will once profit it will lose once. If you do video with loans from the bank, you can also lose if you lose, you can become empty so it is not okay to take such a risk. So in my opinion you can invest some amount of bitcoin from the money you earned. Don’t go to invest in a whole way that you can face damage
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It will live till Trump wants it to be alive.
It would dump, rug, and correct itself, but it would stay afloat, in my opinion, maybe even till the end of his term.
Trump launched his own memecoin on January 17 and within days of his inauguration the coin price rose from less than $10 to $74.59, giving it a market capitalization of close to $15 billion. Though the value has since fallen to around $41. A few investors learned about this and bought at low prices and made good profits. But most of the people bought trump coin at higher price because of greed of profit but now they are in big loss. I think not to invest out of fomo, but you can invest for short time if you want. Since most of the projects are getting fomo these days so one has to be very careful to invest.
I believe this Trump meme occurrence has taught many investors a big crypto lesson in their lives that they would not be in haste to forget so soon. This is the reason why it is good to do research before jumping into projects to invest. Hype does not give projects the sustainability they require but rather, it would be nice for such projects to grow organically to any height they desire because only then can they be sustainable. I think the trump meme is still in existence because Trump is the president and the possibility of the meme doing fine till he leaves office is under observation.
Meme coins are very high risk and we have to get in before the coin is hype, don't get caught up in high prices when we buy at a price that is already high. Trump coins are indeed very hype and this is what makes me hesitate to invest in this coin, because honestly I was late to buy, when I realized the price was already high and now this coin is experiencing a price drop.
I advise my friends not to hop into a meme that the price has already gone high because there is every possibility of a dump as the early adopters have already taken their profits and are ready to dump at any given time. Memes are best invested in at the earliest stage and the truth is that it is hard to see them at that early stage to invest in but when they go public or become popular, it is very risky to do so because of the tendency of a huge dump on people entering the market at that time.
As for the trump coin, it was hyped which made it very much risky to hop in at high and people who hopped in at high are currently stuck. I think it is because of the influence of Trump as the president that is why the coin is still existing otherwise it would have long gone on extinct.
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Meme coins are very high risk and we have to get in before the coin is hype, don't get caught up in high prices when we buy at a price that is already high. Trump coins are indeed very hype and this is what makes me hesitate to invest in this coin, because honestly I was late to buy, when I realized the price was already high and now this coin is experiencing a price drop.
So far, everyone has known that meme coins are at very high risk for long-term investment. I agree with what you said, if you can buy when the price is corrected and sell them when it is in accordance with our wishes, that is the principle in crypto, so that we do not experience losses, especially by buying meme coins that are very unstable.
In my opinion, don't get caught up in the price of meme coins that suddenly increase higher because at any time they will plunge again, like what you said about the trump coin.
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Meme coins are very high risk and we have to get in before the coin is hype, don't get caught up in high prices when we buy at a price that is already high. Trump coins are indeed very hype and this is what makes me hesitate to invest in this coin, because honestly I was late to buy, when I realized the price was already high and now this coin is experiencing a price drop.
So far, everyone has known that meme coins are at very high risk for long-term investment. I agree with what you said, if you can buy when the price is corrected and sell them when it is in accordance with our wishes, that is the principle in crypto, so that we do not experience losses, especially by buying meme coins that are very unstable.
In my opinion, don't get caught up in the price of meme coins that suddenly increase higher because at any time they will plunge again, like what you said about the trump coin.
Not everyone, because if we all think about the risk of meme coins, there will be no investors. So there are still a lot of crypto individuals maybe they are newbies or really knows how to play the game invests on this meme coins.
For those who knows it, easy for them, just get out in time and they hit their targets.
But for newbies, they might be greedy and could be taking out loans to invest because "they know" that their money will grow thru meme coins.
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Meme coins are very high risk and we have to get in before the coin is hype, don't get caught up in high prices when we buy at a price that is already high. Trump coins are indeed very hype and this is what makes me hesitate to invest in this coin, because honestly I was late to buy, when I realized the price was already high and now this coin is experiencing a price drop.
So far, everyone has known that meme coins are at very high risk for long-term investment. I agree with what you said, if you can buy when the price is corrected and sell them when it is in accordance with our wishes, that is the principle in crypto, so that we do not experience losses, especially by buying meme coins that are very unstable.
In my opinion, don't get caught up in the price of meme coins that suddenly increase higher because at any time they will plunge again, like what you said about the trump coin.
Not everyone, because if we all think about the risk of meme coins, there will be no investors. So there are still a lot of crypto individuals maybe they are newbies or really knows how to play the game invests on this meme coins.
For those who knows it, easy for them, just get out in time and they hit their targets.
But for newbies, they might be greedy and could be taking out loans to invest because "they know" that their money will grow thru meme coins.
Meme coins are indeed risky, we know that. And those who have experience investing in meme coins, they are used to this risk. They know which meme coins will be hyped, buy them when the price is still cheap and sell them when they are hyped.
They know when to enter and when to exit, because they are experienced there.
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Meme coins are indeed risky, we know that. And those who have experience investing in meme coins, they are used to this risk. They know which meme coins will be hyped, buy them when the price is still cheap and sell them when they are hyped.
They know when to enter and when to exit, because they are experienced there.
The meme coins trader have acceptable high risk when investing or trading with meme coins because the possibility profit earn reach up to thousand percent and difficult earn with altcoin. I think most of them spending not much fund for meme coins investing but buy or investing many kinds of meme coins get large possibility with have any one meme coins reach up thousand percent.
Just one important when trading at meme coins have faster and right now many meme coins trader with Sol network using bot telegram get faster buy or sell coins.
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Meme coins are very high risk and we have to get in before the coin is hype, don't get caught up in high prices when we buy at a price that is already high. Trump coins are indeed very hype and this is what makes me hesitate to invest in this coin, because honestly I was late to buy, when I realized the price was already high and now this coin is experiencing a price drop.
So far, everyone has known that meme coins are at very high risk for long-term investment. I agree with what you said, if you can buy when the price is corrected and sell them when it is in accordance with our wishes, that is the principle in crypto, so that we do not experience losses, especially by buying meme coins that are very unstable.
In my opinion, don't get caught up in the price of meme coins that suddenly increase higher because at any time they will plunge again, like what you said about the trump coin.
Not everyone, because if we all think about the risk of meme coins, there will be no investors. So there are still a lot of crypto individuals maybe they are newbies or really knows how to play the game invests on this meme coins.
For those who knows it, easy for them, just get out in time and they hit their targets.
But for newbies, they might be greedy and could be taking out loans to invest because "they know" that their money will grow thru meme coins.
Meme coins are indeed risky, we know that. And those who have experience investing in meme coins, they are used to this risk. They know which meme coins will be hyped, buy them when the price is still cheap and sell them when they are hyped.
They know when to enter and when to exit, because they are experienced there.
Meme coins are very risky to say, people who delve into meme coins are those who have been trading meme coins for a long and they know more about meme coin trading and possibly get into it at an early stage before it comes to the public knowledge, this is the advantage they have over others who are just joining them to buy at high. Meme coin traders take their time to research on them and get information because with the information they get, they know if the meme would be hyped so as to buy early take profit when hyped and exit the market so as not to get trapped.
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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 never support investing by borrowing from a bank or anyone and I never do such things. Suppose if I take a loan from a bank or any person and if I invest with that loan money and if I lose money in my investment and the lender wants me to return the money that day, then I will have to face a lot of trouble and to return the loan money I will have to sell my investment at a loss. Even though I sell at a loss, I will still not be able to repay the entire loan amount, so I have to pay the entire loan amount, I have to sell the house or sell something else from the house. So you should always invest with the money you have, even if it is small in amount, so that you can get success in that investment.
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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 never support investing by borrowing from a bank or anyone and I never do such things. Suppose if I take a loan from a bank or any person and if I invest with that loan money and if I lose money in my investment and the lender wants me to return the money that day, then I will have to face a lot of trouble and to return the loan money I will have to sell my investment at a loss. Even though I sell at a loss, I will still not be able to repay the entire loan amount, so I have to pay the entire loan amount, I have to sell the house or sell something else from the house. So you should always invest with the money you have, even if it is small in amount, so that you can get success in that investment.
However, investing own money create some comfort because no other party would be pressuring you to return the cash within certain time frame. When you were using the borrowed money, you have a much greater risk to deal with especially where the value of the investment was to decline. Using it means that anytime you need to dispose the assets at a price that is below the cost, you end up worsening the situation and creating new challenges. With the help of only those funds which are available, you can manage the investment much better with lesser stress. Even though it is not much, being in complete charge of your own money will be a source of relief in decision making. Thus it becomes very important that one should keep their financial position in a way that investments keep running without much load.
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However, investing own money create some comfort because no other party would be pressuring you to return the cash within certain time frame. When you were using the borrowed money, you have a much greater risk to deal with especially where the value of the investment was to decline. Using it means that anytime you need to dispose the assets at a price that is below the cost, you end up worsening the situation and creating new challenges.
Exactly. If we invest with our money, we can invest with comfortable mind. Sure, no pressure to get back the money again as long as it is not the money for basic necessities. But if we invest with loan money, there is a deadline or a certain time to repay the money. So, we can't optimize the chance of higher profits. Even sometimes we must sell for losses because we need urgent money for the repayment.
Yep, using loan money probably ends up with a worse situation. When we get losses, we also still have a burden to repay the loan money. Since we have no money, we are possible to take another loan. And this will never end..
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Exactly. If we invest with our money, we can invest with comfortable mind. Sure, no pressure to get back the money again as long as it is not the money for basic necessities. But if we invest with loan money, there is a deadline or a certain time to repay the money. So, we can't optimize the chance of higher profits. Even sometimes we must sell for losses because we need urgent money for the repayment.
Yep, using loan money probably ends up with a worse situation. When we get losses, we also still have a burden to repay the loan money. Since we have no money, we are possible to take another loan. And this will never end..
If get confidence for earning much profit in cryptocurrency trading by using loan money actually not much problem but must prepare recovery money if get loss or have to hold firstly due price of coins get down drastically. Can't predicting for any coins have drop how long take time get recovery back or raise to higher price, if have more confidence get trading from loan money must prepare for loan payment around two or five months later.
But get loan from trading must take have small loan interest, don't take with bigger loan interest avoid if to be long term holder after any coins investing price drop drastically.
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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 never support investing by borrowing from a bank or anyone and I never do such things. Suppose if I take a loan from a bank or any person and if I invest with that loan money and if I lose money in my investment and the lender wants me to return the money that day, then I will have to face a lot of trouble and to return the loan money I will have to sell my investment at a loss. Even though I sell at a loss, I will still not be able to repay the entire loan amount, so I have to pay the entire loan amount, I have to sell the house or sell something else from the house. So you should always invest with the money you have, even if it is small in amount, so that you can get success in that investment.
Its never been that recommended but surprisingly there were people who are really that trying to take up the risks on which they have decided on making up some loan or borrowing money because they dont have the money that they can invest into. Its not actually bad but as much as possible it will be best that you do only invest on what you do have but of course only into those extra money that you can afford to lose because we do know that in this investment on which we dont really know on how this market behaves on which there's always that probability that it could crash down or extreme bear market which causes up for you to have a hard time on repaying up your loan.
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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 never support investing by borrowing from a bank or anyone and I never do such things. Suppose if I take a loan from a bank or any person and if I invest with that loan money and if I lose money in my investment and the lender wants me to return the money that day, then I will have to face a lot of trouble and to return the loan money I will have to sell my investment at a loss. Even though I sell at a loss, I will still not be able to repay the entire loan amount, so I have to pay the entire loan amount, I have to sell the house or sell something else from the house. So you should always invest with the money you have, even if it is small in amount, so that you can get success in that investment.
Its never been that recommended but surprisingly there were people who are really that trying to take up the risks on which they have decided on making up some loan or borrowing money because they dont have the money that they can invest into. Its not actually bad but as much as possible it will be best that you do only invest on what you do have but of course only into those extra money that you can afford to lose because we do know that in this investment on which we dont really know on how this market behaves on which there's always that probability that it could crash down or extreme bear market which causes up for you to have a hard time on repaying up your loan.
I posted all of you and I am very happy because you’re trading a lot of people. He invests in Bitcoin. If you want to invest in Bitcoin or crypto currency, you must remember one thing you can invest half of the money you earn is not going to invest there because you can’t imagine when the market consumes and when you deposit the market full money, you will be at risk so you invest half of your money so you invest in half of your money so you can recover with that half of your money again during danger. And keep in mind that if you’re new, of course you’ll invest with the advice of experienced and I’ll suggest you’ll notice the markets for a few days to trading from your own experience and make small investments so you’ll get a lot of knowledge done then you’ll have the possibility of winning big trades. And if you come to invest with small knowledge, you may lose money you may become unhappy. You must experience in case you can become dehydrated then express interest in investing.
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Yep, using loan money probably ends up with a worse situation. When we get losses, we also still have a burden to repay the loan money. Since we have no money, we are possible to take another loan. And this will never end..
The interest rate with the loan is to pay because the loan is never available without interest so you have to pay the interest money only when you pay the loan. Some time ago my friend took a loan from a bank and he would pay the loan if he got a profit from the crypto trading. I do not agree with the subject because to invest in crypto, there is a lot of risk. Moreover, not everyone gets profit by trading so it is crazy to collect loans only by trading. There are many people who also sell their assets to pay the loan.
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If the dilemma is for investing, so to speak, or for long-term earning through rewards, any way through the highest CEX exchange can provide you with a loan, I think, because there is a lot of money in assets and buying and selling of each. That's good.
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If the dilemma is for investing, so to speak, or for long-term earning through rewards, any way through the highest CEX exchange can provide you with a loan, I think, because there is a lot of money in assets and buying and selling of each. That's good.
This time is a very bad response to the crypto market because most of the altcoins are destroying the market. My friend purchased melena coin last week when it was worth $3 but today it was priced a lot. In order to do the present day long time holding, you must lean toward top altcoins. However, the short time can be invested in new currency, but always sell at low profit and be free from risk. Most new altcoins are down to the fast and a few prices have already died.
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As much as possible, avoid investing in crypto by borrowing either from a bank or a place that provides loans because when the payment time comes, they don't want to know that the market is correcting and you haven't made a profit, especially if we relate it to this weakening market condition, you have to make an entry point with minimum risk and maximum profit, so make sure to accept any kind of loss.
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Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.
Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.
I wonder what's considered safe money.
I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.
Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.
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Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.
Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.
I wonder what's considered safe money.
I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.
Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.
If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit. This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.
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If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit. This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.
Investing in crypto is full of risks and if you borrow money to invest in crypto I think it's double risk, I agree with this. but if we have the knowledge and expertise in analyzing coins and markets, we can take out the loan and understand the risks.
but many advise not to borrow, I also agree because with free money we can focus more and without the burden of thinking about installments.
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If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit. This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.
Investing in crypto is full of risks and if you borrow money to invest in crypto I think it's double risk, I agree with this. but if we have the knowledge and expertise in analyzing coins and markets, we can take out the loan and understand the risks.
but many advise not to borrow, I also agree because with free money we can focus more and without the burden of thinking about installments.
I think the matter of loans for investment all depends on the individual. As long as they can pay the loan installments without reducing daily expenses, then they deserve to want to do that, so it is seen from yourself first. It is indeed very good if you don't have a loan and that is very good and not everyone can do that.
I totally agree that you have to be smart in analyzing if you want to get involved in investing in crypto, because we know that the risks are very large and the results are also very commensurate with the risk.
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Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.
Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.
I wonder what's considered safe money.
I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.
Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.
You borrowed money to invest in cryptocurrency and you succeeded, but still you should not advise others to borrow money to invest in cryptocurrency. Because you are different from others, and the way it work out for you, it may not work out for others. I won't deny what you said, because I don't know the brain behind it. But before someone should take any action they are certain things that you need to put into consideration, borrowing money to invest is a serious issue, because you don't know the outcome of your investment, if care is not taken and the person lose the money is going to be extremely difficult for him.
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If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit. This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.
Well, that's the reason why we always say to newbies that they need to learn first before investing because if they continue learning, they can maximize other people's money with their knowledge (borrowing and taking a loan).
I don't think that luck plays a big role when it comes to investing. Maybe if you're focused on lower market cap coins, but if you're focused only on Bitcoin or even Ethereum, knowledge is more important than luck. So, you're saying that what happened to me is considered "rare" scenario then because it happened to me, and I did manage to pay of my loan? :)
It's a big risk to borrow money just to invest don't get me wrong, but like you said, if you have knowledge with regards the market, if you know how the crypto market is moving, you will have an idea on what will happen a few years from now hence, building a strategy from it.
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I think the matter of loans for investment all depends on the individual. As long as they can pay the loan installments without reducing daily expenses,..
If that's the case then better to use fiat or any stablecoin for loans not those volatile crypto assets because of the same logic of investments. You may be able to pay your loan but the amount you're paying might be double or even triple after how many months of paying depends on the payment terms. Great enough if the value decreases but worst if otherwise.
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Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.
Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.
I wonder what's considered safe money.
I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.
Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.
You borrowed money to invest in cryptocurrency and you succeeded, but still you should not advise others to borrow money to invest in cryptocurrency. Because you are different from others, and the way it work out for you, it may not work out for others. I won't deny what you said, because I don't know the brain behind it. But before someone should take any action they are certain things that you need to put into consideration, borrowing money to invest is a serious issue, because you don't know the outcome of your investment, if care is not taken and the person lose the money is going to be extremely difficult for him.
A person can have a good investment knowledge. That is why he can be profitable from his investment by borrowing money through a good investment but there is no guarantee that others will be like you. They may be more knowledgeable than you or less but if they make a mistake in investing then they can be more affected by the money they have borrowed which is why borrowing is right for one person but not for another. Although cryptocurrency is the most volatile but if someone can afford to invest in Bitcoin for the long term then I think he will not lose. If someone can provide money to hold it for the long term then borrowing money is not bad.
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If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit. This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.
Investing in crypto is full of risks and if you borrow money to invest in crypto I think it's double risk, I agree with this. but if we have the knowledge and expertise in analyzing coins and markets, we can take out the loan and understand the risks.
but many advise not to borrow, I also agree because with free money we can focus more and without the burden of thinking about installments.
I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
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A person can have a good investment knowledge. That is why he can be profitable from his investment by borrowing money through a good investment but there is no guarantee that others will be like you. They may be more knowledgeable than you or less but if they make a mistake in investing then they can be more affected by the money they have borrowed which is why borrowing is right for one person but not for another. Although cryptocurrency is the most volatile but if someone can afford to invest in Bitcoin for the long term then I think he will not lose. If someone can provide money to hold it for the long term then borrowing money is not bad.
I still have the view that borrowing money to invest in crypto is not good, because investing in crypto is very risky. Moreover, borrowing money to hold bitcoin for the long term, we also have to think about returning the loan every month.
unless we have other income that we can use to meet our needs and pay installments from the loan.
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I still have the view that borrowing money to invest in crypto is not good, because investing in crypto is very risky. Moreover, borrowing money to hold bitcoin for the long term, we also have to think about returning the loan every month.
Yes, your assumption is true that taking a loan isn't good. We can invest in crypto with DCA, we don't need to take a loan. There is no guarantee for profits in crypto investment, it will be very risky to use the loan money. It is because we don't know how long we will invest in the coin, sometimes it can take for few years. If we must repay the loan in few weeks/months, we can't ensure the repayment. This will bring a trouble in the future.
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I think the matter of loans for investment all depends on the individual. As long as they can pay the loan installments without reducing daily expenses,..
If that's the case then better to use fiat or any stablecoin for loans not those volatile crypto assets because of the same logic of investments. You may be able to pay your loan but the amount you're paying might be double or even triple after how many months of paying depends on the payment terms. Great enough if the value decreases but worst if otherwise.
I agree with you, if we decide to take a loan it should be in the form of FIAT or stable coins. because it is clear how much we borrow. If in the form of bitcoin or other altcoins, the loan that we have to have can change 2 times or more depending on the value of the coin, and this will make us lose. but borrowing to invest crypto is not recommended, according to the opinions of many members and I agree with this opinion
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
Yes it is good to trade and invest with your funds you could afford to lose if you are a learner or you have been able to learn a bit but not to a mastery level because you will have rest of mind while trading and nothing will put you under pressure if your trading or investment goes south and the loan has not been repaid.
It is true that trading is very risky when it comes to Crypto and the volatility is uncontrollable with many factors surrounding and affecting it. These alone should make traders being very careful and alert when trading because anything can happen and even the slightest rumours can turn the event to what is never expected.
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Yes it is good to trade and invest with your funds you could afford to lose if you are a learner or you have been able to learn a bit but not to a mastery level because you will have rest of mind while trading and nothing will put you under pressure if your trading or investment goes south and the loan has not been repaid.
It is true that trading is very risky when it comes to Crypto and the volatility is uncontrollable with many factors surrounding and affecting it. These alone should make traders being very careful and alert when trading because anything can happen and even the slightest rumours can turn the event to what is never expected.
for beginners it is better to use small capital to learn and gain experience, by using capital that he can afford to lose. because in trading and investing in crypto we must be prepared to lose, because it is not easy to become proficient.
becoming a holder is a suitable choice for newbies, while he learns to gain knowledge and experience, that's what many people do at the beginning of investing in crypto.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.
Yes, trading using loans is not without big risks, more so if we are not able to fully manage the trading strategy and our emotions when the volatile market unfolds itself. When one gets to face challenges, and become experienced, the chance to address the issue of risk control improves. However, were it not for adequate preparation, the pressure from loans leads to wrong decisions and leads to loss making scenarios. That is why care concerning steps is highly appropriate and guaranteeing that each stage is well thought to ensure that trading goes on smoothly without unnecessary complications and burdens.
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I think this is an instant solution but there is always something to sacrifice when starting an activity. However, it is better not to take a loan if the payment post is not certain and only hope for market increases because all have risks attached if it goes up, profit if it goes down, confusion. For example, market conditions are represented by all major coins. So, if BTC drops, the others will follow and vice versa.
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Whether it's called cryptocurrency or gambling, investing through loans or borrowing will definitely involve some level of risk. Let's say you borrow money at high interest rates and use that money to gamble in an uncertain manner. If you face losses, you will never be able to recover the money you lost. If you want to invest in cryptocurrency by borrowing or taking a loan, you will face many difficult challenges in repaying the loan if the investment is dumped in any way. Therefore, always be careful not to invest by borrowing or taking out loans.
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I think this is an instant solution but there is always something to sacrifice when starting an activity. However, it is better not to take a loan if the payment post is not certain and only hope for market increases because all have risks attached if it goes up, profit if it goes down, confusion. For example, market conditions are represented by all major coins. So, if BTC drops, the others will follow and vice versa.
Loan should be taken only if you know for certain you have the ability to repay it in the perspective.
That's why it's important to see the situation as it is and take such a decision with as much analysis as you can manage.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.
I think you should know that even the professional traders too also have their own hard times too when it comes to market volatility and not every time it is as usual for the traders. So taking loan for trading always comes with risk and even the professionals knows that and that is why they trade withutmost professionalism so that they do not make too much mistakes even though they do, it would be minimal and would not be too obvious.
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I think you should know that even the professional traders too also have their own hard times too when it comes to market volatility and not every time it is as usual for the traders. So taking loan for trading always comes with risk and even the professionals knows that and that is why they trade withutmost professionalism so that they do not make too much mistakes even though they do, it would be minimal and would not be too obvious.
All those participating in trading come across challenging scenarios they would not have wanted, even if they have been trading for a long time. Fluctuations in the rest of the market are always unpredictable and therefore the action undertaken need to take into account different possibilities which might occur. It is always beneficial to manage capital and that is why people never advise each other to trade using loans for trading demands supposes certain risk that it is necessary to remember. That is why with increasing experience, the occurrence of such mistakes also decreases, while the level of consequences minimization increases. Of course, everyone would like to get a positive outcome in every case, but that does not mean that there should be no boldness in taking a decision or seizing an opportunity while still keeping in mind one’s constraints.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.
I think you should know that even the professional traders too also have their own hard times too when it comes to market volatility and not every time it is as usual for the traders. So taking loan for trading always comes with risk and even the professionals knows that and that is why they trade withutmost professionalism so that they do not make too much mistakes even though they do, it would be minimal and would not be too obvious.
Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
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Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
I don't advise taking loans to investin cryptocurrency, beside we never know what's coming. Taking loans to invest means you are investing in a short term project so that you can you pay on time. And from what I understand about loans there are some interest that are added based on time factor. Let's take bitcoin for example, even if bitcoin price has been increasing from the genesis block there are still minor dips or dump period where the market experience downtrend and if your investment falls under this period you will definitely not get back profit except you decide to wait for long term which may lead to overlapping with your loan duration.
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Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
Big guys have plans and people to get to know that they would be able to repay the loan no matter what.
We, on the other hand, do not.
So we need to do an analysis ourselves and be very careful with risks.
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Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
I don't advise taking loans to investin cryptocurrency, beside we never know what's coming. Taking loans to invest means you are investing in a short term project so that you can you pay on time. And from what I understand about loans there are some interest that are added based on time factor. Let's take bitcoin for example, even if bitcoin price has been increasing from the genesis block there are still minor dips or dump period where the market experience downtrend and if your investment falls under this period you will definitely not get back profit except you decide to wait for long term which may lead to overlapping with your loan duration.
Investing through loans is, without any doubt, very risky, more so in maturity instruments whose prices are highly volatile. An appraisal of an asset can be seen to be at a certain level today, it may increase to new high in the near-future but it can also decline sharply in the same manner. In case the funds used are in the form of loans, there is an added expense which is the interest that does not stop running, whereas the profit that may be expected from the investment may not be immediately realised. This may put even more pressure on it, especially if the market has acquired bearish trends than expected for a particular period. Managing finances in a manner that each expenditure is funded by a capital that is willing and ready of being spent definitely offers more lee way of meeting various contingencies that prevail in the market.
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Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
Big guys have plans and people to get to know that they would be able to repay the loan no matter what.
We, on the other hand, do not.
So we need to do an analysis ourselves and be very careful with risks.
At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.
I think you should know that even the professional traders too also have their own hard times too when it comes to market volatility and not every time it is as usual for the traders. So taking loan for trading always comes with risk and even the professionals knows that and that is why they trade withutmost professionalism so that they do not make too much mistakes even though they do, it would be minimal and would not be too obvious.
Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
Considering the risk involved in trading, traders ought to have a clean, clear, and precise thought before going for a loan because the loan must be returned with profit within the stipulated time as agreed between both parties involved. Sometimes, the market conditions might not be favorable to be able to have taken much profit before then, and in some cases, the trader gets trapped irrespective of their professional experiences all these are just factors they ought to have as the market is highly volatile and when it has to do with the loan, the trader looks at some factors which also includes the trading season too as to know when would be the right time to take their trading position so as to be on the safe side.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
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Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
I don't advise taking loans to investin cryptocurrency, beside we never know what's coming. Taking loans to invest means you are investing in a short term project so that you can you pay on time. And from what I understand about loans there are some interest that are added based on time factor. Let's take bitcoin for example, even if bitcoin price has been increasing from the genesis block there are still minor dips or dump period where the market experience downtrend and if your investment falls under this period you will definitely not get back profit except you decide to wait for long term which may lead to overlapping with your loan duration.
I think this talks about it all.if you borrow a certain amount to pay back maybe within the apace of a month,you might probably not get back the capital or the funds you borrowed.Maybe or maybe not because the market season most times could be very unpredictable and unless you make your investment decisions with your own money, you have a certain percentage pf earning for sure cause the pressure of paying back is not there.
Ive had a friend in this position before; lets call him donald. Donald borrowed a certain amount of money money while the market was looking good.With a time phrase of 15 days,he ought to pay back.after bout six days,the market experienced a complete turnover.Donald lost just 20 percent of the capital handed over ti him.In a bit of hurry to pay back, he made certain decisions which sounded completely abnormal to him later on after he lost all the money loaned out to hil.
Point is that while you are investing with money thats not yours, pressure could make you take sone certain actions which you might solely regret later on.I do not personally sit on the idea of taking loans to invest.Though situations might differ, whichever is best for you, uou take your action and make your own decision your self.At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
Managing risks while taking these risks too is important bit it is wise to know that some certain risks are meant to be backed out of cause certain tribulations should be welcomed.Its not particularly all about managing these risks,its about being wise when taking these risks at first hand.
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Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.
I don't advise taking loans to investin cryptocurrency, beside we never know what's coming. Taking loans to invest means you are investing in a short term project so that you can you pay on time. And from what I understand about loans there are some interest that are added based on time factor. Let's take bitcoin for example, even if bitcoin price has been increasing from the genesis block there are still minor dips or dump period where the market experience downtrend and if your investment falls under this period you will definitely not get back profit except you decide to wait for long term which may lead to overlapping with your loan duration.
I think this talks about it all.if you borrow a certain amount to pay back maybe within the apace of a month,you might probably not get back the capital or the funds you borrowed.Maybe or maybe not because the market season most times could be very unpredictable and unless you make your investment decisions with your own money, you have a certain percentage pf earning for sure cause the pressure of paying back is not there.
Ive had a friend in this position before; lets call him donald. Donald borrowed a certain amount of money money while the market was looking good.With a time phrase of 15 days,he ought to pay back.after bout six days,the market experienced a complete turnover.Donald lost just 20 percent of the capital handed over ti him.In a bit of hurry to pay back, he made certain decisions which sounded completely abnormal to him later on after he lost all the money loaned out to hil.
Point is that while you are investing with money thats not yours, pressure could make you take sone certain actions which you might solely regret later on.I do not personally sit on the idea of taking loans to invest.Though situations might differ, whichever is best for you, uou take your action and make your own decision your self.At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
Managing risks while taking these risks too is important bit it is wise to know that some certain risks are meant to be backed out of cause certain tribulations should be welcomed.Its not particularly all about managing these risks,its about being wise when taking these risks at first hand.
Taking a loan for crypto investments is risky, especially if you're unsure about repayment. The crypto market is unstable, and even experienced investors can lose money. It's better to use only the funds you can afford to lose.
My advice is to start small: study the market and test strategies with small amounts. Risk management is important, but sometimes it's better to avoid risky moves.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
It can definitely happen. Crypto market is a completely uncertain platform. At the time when we are hoping to be more profitable from here, the market can move in the opposite direction, which is why there is no guarantee of investment. But for those who have the ability to hold the investment for a long time, this platform can give good returns, which is why one should definitely refrain from investing borrowed money or loan money, otherwise the investor may face big losses.
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But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
Yes, it will be too risky if we decide to take a loan for trading or for investment. We must always follow the common saying that we only use the money that we afford to lose. If we have no much money, we can use DCA method. In this way, we only need small funds for buying crypto coins. But it is for a long term, we can use DCA to buy most recommended coin such as BTC or top altcoins. Sure, crypto prices will always fluctuate and market trend can be unpredictable. So it is important to choose the safest coins for investment or trading.
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Looking for a loan in cryptocurrency is highly discouraged because it will directly increase and decrease the estimate to the dollar, we can also profit if the loan to the coin goes up but what if after we borrow and the coin goes down?, this is a disaster for us.
In the real world too, if we are not urgent about the problems we face, it would be better not to borrow money because borrowing money has an interest fee and that is what makes us a burden. We borrow 30 dollars and we have to return it around 40 dollars, that is an example of a small thing in loan calculations.
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But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
Yes, it will be too risky if we decide to take a loan for trading or for investment. We must always follow the common saying that we only use the money that we afford to lose. If we have no much money, we can use DCA method. In this way, we only need small funds for buying crypto coins. But it is for a long term, we can use DCA to buy most recommended coin such as BTC or top altcoins. Sure, crypto prices will always fluctuate and market trend can be unpredictable. So it is important to choose the safest coins for investment or trading.
If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
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Yes, it will be too risky if we decide to take a loan for trading or for investment. We must always follow the common saying that we only use the money that we afford to lose. If we have no much money, we can use DCA method. In this way, we only need small funds for buying crypto coins. But it is for a long term, we can use DCA to buy most recommended coin such as BTC or top altcoins. Sure, crypto prices will always fluctuate and market trend can be unpredictable. So it is important to choose the safest coins for investment or trading.
Looks not problem about how method using when investing in bitcoin or altcoin such as DCA or not but using loan too risk because have to pay monthly loan interest and we must consistent take profit with short term way. Keep consistent earn profit in bitcoin or altcoin very difficult to manage but if have good controlling take profit much and enough for loan interest until several months later we can take opportunity for long term holding.
But take loan recently have higher loan interest and we must earn much profit for balancing monthly loan interest payment.
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I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.
Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.
That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.
I understand the point that you are trying to prove, but that shouldn't be the case when it comes to emotions. I want you to understand that a professional trader and newbie Traders are both human beings. And there is not human being that is hundred percent perfect. Just the way newbie traders can be carried away by their emotions, the same way a professional trader can also be carried away by their emotions. Greediness can attract any trader regardless of standard or status, so I think the best thing to do is to avoid taking loan for investment, to prevent yourself from facing any problems if you lose the money. You can invest with your own money because you will be able to forgive yourself if the money is lost, but if you took loan and you lost, did you think you will go unpunished.
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
Indeed, what you said is very true that borrowing to invest in crypto is very high risk and everyone knows it. But if the loan we make can be paid without reducing the daily needs that must be met, I think it's okay to do that.
Once again, it all depends on the individual, because the one who knows our financial abilities is us.
So do everything wisely so as not to get into debt, which is certainly very detrimental.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
Indeed, what you said is very true that borrowing to invest in crypto is very high risk and everyone knows it. But if the loan we make can be paid without reducing the daily needs that must be met, I think it's okay to do that.
Once again, it all depends on the individual, because the one who knows our financial abilities is us.
So do everything wisely so as not to get into debt, which is certainly very detrimental.
While is very convenient to take out a loan for investment, there are elements of risk that cannot be overlooked especially where the market is dynamic and volatile. But if there are enough money and if this would not create a problem on basic needs, then it is entitled on the individual’s discretion. The most important aspect is to guarantee that in undertaking any action, this is done meticulously with little reliance put on probable gains that are not probable to be realised. They also help in the achievement of the objective of avoiding money stress which is disastrous to a person financially. This implies that every option shouldn’t go out of the way in an attempt of creating advantage but in a way that would not become an issue in the future.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
Trading alone is already risky. Let alone borrowing other people's money just to use it for trading.
There's nothing wrong with borrowing money for crypto trading because there are no rules stating that we must not do it, but let's be responsible enough to pay that loan still just in case you lost that money. Always take note that if you want to borrow money for trading, you must have some money that you can use in the future to pay that loan. Will I recommend borrowing for trading? No, unless you're an expert in trading, and you're already profitable consistently for a very long time, but if you're in that position, why will you borrow money at first place.
It's risky but still, there are some traders out there that are doing it. They aren't thinking of the possible risks at all.
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At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.
Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.
But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.
Indeed, what you said is very true that borrowing to invest in crypto is very high risk and everyone knows it. But if the loan we make can be paid without reducing the daily needs that must be met, I think it's okay to do that.
Once again, it all depends on the individual, because the one who knows our financial abilities is us.
So do everything wisely so as not to get into debt, which is certainly very detrimental.
While is very convenient to take out a loan for investment, there are elements of risk that cannot be overlooked especially where the market is dynamic and volatile. But if there are enough money and if this would not create a problem on basic needs, then it is entitled on the individual’s discretion. The most important aspect is to guarantee that in undertaking any action, this is done meticulously with little reliance put on probable gains that are not probable to be realised. They also help in the achievement of the objective of avoiding money stress which is disastrous to a person financially. This implies that every option shouldn’t go out of the way in an attempt of creating advantage but in a way that would not become an issue in the future.
Yes, what you said is absolutely right. In my opinion, if we have financial difficulties, we should not invest with loans. Because wherever we invest, we are not 100% sure that we will be able to make a profit, because there is a lot of risk involved. And if we go into investment with loans, we will have a mental pressure, we will feel restless and will not be able to keep it for a long time, and if we hire investment and cannot keep it for a long time, then there is no benefit in investing there. If we invest for a short time, there is a high chance of us losing there. So, we will try if we have good finances, then buy a currency and invest it for a long time, then our currency will be useful. Thank you
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
When you are just that having that relying with your day job salary then you wont really be having any options neither taking up a loan or would really be that just spending up your extra funds from your salary on buying up crypto currency of your choice. Yes, this is challenging but really that rewarding if it will be making up some good jumps if we do speak about price increase. Taking up some loan should really be your last resort or options on which you would really be needing up to do but be sure that you will be that responsible on repaying it back and this is the ethical thing that you must do.
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
We can invest according to our own ability. I do not discourage those who have a source of income and who have the ability to repay the borrowed money they can invest by loan money or borrowed money. If someone holds Bitcoin for a long term of 4 to 8 years or more, they will definitely be able to benefit. Loans or borrowing are bad for those who do not have the ability to repay the money on time. Since cryptocurrency is highly volatile, that is why it is not advisable to invest with borrowed money.
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
We can invest according to our own ability. I do not discourage those who have a source of income and who have the ability to repay the borrowed money they can invest by loan money or borrowed money. If someone holds Bitcoin for a long term of 4 to 8 years or more, they will definitely be able to benefit. Loans or borrowing are bad for those who do not have the ability to repay the money on time. Since cryptocurrency is highly volatile, that is why it is not advisable to invest with borrowed money.
Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
We can invest according to our own ability. I do not discourage those who have a source of income and who have the ability to repay the borrowed money they can invest by loan money or borrowed money. If someone holds Bitcoin for a long term of 4 to 8 years or more, they will definitely be able to benefit. Loans or borrowing are bad for those who do not have the ability to repay the money on time. Since cryptocurrency is highly volatile, that is why it is not advisable to invest with borrowed money.
Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.
It will be better if an investor can try his possible best to make sure that he has extra funds to invest in bitcoin and he can use DCA to accumulate regularly with consistent and persistent overtime. It's not advisable to take loan and invest on a volatile asset like bitcoin. Loans sometimes, are big liabilities which will affect our financial strength our way or the other.
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In my opinion, if we have financial difficulties, we should not invest with loans. Because wherever we invest, we are not 100% sure that we will be able to make a profit, because there is a lot of risk involved. And if we go into investment with loans, we will have a mental pressure, we will feel restless and will not be able to keep it for a long time, and if we hire investment and cannot keep it for a long time, then there is no benefit in investing there. If we invest for a short time, there is a high chance of us losing there. So, we will try if we have good finances, then buy a currency and invest it for a long time, then our currency will be useful. Thank you
Indeed, we shouldn't invest with loan money if we want to have a secure investment. No doubt that crypto investment is high risk, there is no guarantee for profits. Crypto is also very volatile, the price can change in a short time (can increase or decline significantly). When we use loan money, it should have the deadline for the repayment. We surely can have a big pressure when the crypto prices are declining in a long time. To avoid this, it is better to use our own money. We also don't force to invest as much as possible even if we use own money. Just use the money that we can afford to lose, use excess money (unused money)!!
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
We can invest according to our own ability. I do not discourage those who have a source of income and who have the ability to repay the borrowed money they can invest by loan money or borrowed money. If someone holds Bitcoin for a long term of 4 to 8 years or more, they will definitely be able to benefit. Loans or borrowing are bad for those who do not have the ability to repay the money on time. Since cryptocurrency is highly volatile, that is why it is not advisable to invest with borrowed money.
Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.
It will be better if an investor can try his possible best to make sure that he has extra funds to invest in bitcoin and he can use DCA to accumulate regularly with consistent and persistent overtime. It's not advisable to take loan and invest on a volatile asset like bitcoin. Loans sometimes, are big liabilities which will affect our financial strength our way or the other.
The correct management of finances in investment is a measure that has a big impact on our financial situation. In other words, one can invest without straining the basic requirements using extra money that is obtainable then get comfort in knowing that the items that are being invested in have an unpredictable price change. Regular accumulation on a plan increases the amount without excessive pressure and contributes to the formation of assets. On the other hand, the equity like instruments such as loans are also not safe to employ in funding these assets, they are really risky because no matter the market situation, one must continue to service the loans. This kind of decision-making will be less emotionally charged since our investment decisions are aligned with our capacity to fund them and therefore possess the potential of better endowment returns in the long term.
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If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.
You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.
We can invest according to our own ability. I do not discourage those who have a source of income and who have the ability to repay the borrowed money they can invest by loan money or borrowed money. If someone holds Bitcoin for a long term of 4 to 8 years or more, they will definitely be able to benefit. Loans or borrowing are bad for those who do not have the ability to repay the money on time. Since cryptocurrency is highly volatile, that is why it is not advisable to invest with borrowed money.
Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.
It will be better if an investor can try his possible best to make sure that he has extra funds to invest in bitcoin and he can use DCA to accumulate regularly with consistent and persistent overtime. It's not advisable to take loan and invest on a volatile asset like bitcoin. Loans sometimes, are big liabilities which will affect our financial strength our way or the other.
Loans will disturb our focus in investing, and I agree that we must have a steady income to meet our living needs and invest. So that we do not take loans for investment, because this is very risky.
but for some professionals do it by taking loans, honestly I do not dare to do it.
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In my opinion, if we have financial difficulties, we should not invest with loans. Because wherever we invest, we are not 100% sure that we will be able to make a profit, because there is a lot of risk involved. And if we go into investment with loans, we will have a mental pressure, we will feel restless and will not be able to keep it for a long time, and if we hire investment and cannot keep it for a long time, then there is no benefit in investing there. If we invest for a short time, there is a high chance of us losing there. So, we will try if we have good finances, then buy a currency and invest it for a long time, then our currency will be useful. Thank you
Indeed, we shouldn't invest with loan money if we want to have a secure investment. No doubt that crypto investment is high risk, there is no guarantee for profits. Crypto is also very volatile, the price can change in a short time (can increase or decline significantly). When we use loan money, it should have the deadline for the repayment. We surely can have a big pressure when the crypto prices are declining in a long time. To avoid this, it is better to use our own money. We also don't force to invest as much as possible even if we use own money. Just use the money that we can afford to lose, use excess money (unused money)!!
I agree with you, who suggested using money that we can afford to lose in investing in crypto, because in investment we do not always profit, especially short-term investment.
If taking a loan will make us experience pressure when we see the crypto market fall and we have to pay installments.
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In my opinion, if we have financial difficulties, we should not invest with loans. Because wherever we invest, we are not 100% sure that we will be able to make a profit, because there is a lot of risk involved. And if we go into investment with loans, we will have a mental pressure, we will feel restless and will not be able to keep it for a long time, and if we hire investment and cannot keep it for a long time, then there is no benefit in investing there. If we invest for a short time, there is a high chance of us losing there. So, we will try if we have good finances, then buy a currency and invest it for a long time, then our currency will be useful. Thank you
Indeed, we shouldn't invest with loan money if we want to have a secure investment. No doubt that crypto investment is high risk, there is no guarantee for profits. Crypto is also very volatile, the price can change in a short time (can increase or decline significantly). When we use loan money, it should have the deadline for the repayment. We surely can have a big pressure when the crypto prices are declining in a long time. To avoid this, it is better to use our own money. We also don't force to invest as much as possible even if we use own money. Just use the money that we can afford to lose, use excess money (unused money)!!
I agree with you, who suggested using money that we can afford to lose in investing in crypto, because in investment we do not always profit, especially short-term investment.
If taking a loan will make us experience pressure when we see the crypto market fall and we have to pay installments.
Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you
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Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you
It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.
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Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you
It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.
Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.
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Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.
You're right. Even if we invest in Bitcoin, it is also classified as a risky investment. So, it is not safe to use loan money for altcoins or Bitcoin investment. Why don't se use our own money? If we have limited money, we can do DCA. With this method, we can buy crypto coins gradually. We don't need to buy big number of crypto coins suddenly. This way is surely safer, so why we don't choose this way, right?
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Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.
You're right. Even if we invest in Bitcoin, it is also classified as a risky investment. So, it is not safe to use loan money for altcoins or Bitcoin investment. Why don't se use our own money? If we have limited money, we can do DCA. With this method, we can buy crypto coins gradually. We don't need to buy big number of crypto coins suddenly. This way is surely safer, so why we don't choose this way, right?
Considering some aspects, investing in Bitcoin with a loan can be somewhat profitable if the investor can hold it for a long period of time. Because the amount of Bitcoin multiplayer in a certain circle is much higher than the bank interest. But one who invests with a loan must have a loan with less than 8% APR interest. But yes it is very risky so those who want to invest in crypto with lol must be aware of this risk. Otherwise, he will panic if the price of his investment crypto falls. And if he somehow sells it at a loss, then this time he has to accept a much bigger loss
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Considering some aspects, investing in Bitcoin with a loan can be somewhat profitable if the investor can hold it for a long period of time. Because the amount of Bitcoin multiplayer in a certain circle is much higher than the bank interest. But one who invests with a loan must have a loan with less than 8% APR interest. But yes it is very risky so those who want to invest in crypto with lol must be aware of this risk. Otherwise, he will panic if the price of his investment crypto falls. And if he somehow sells it at a loss, then this time he has to accept a much bigger loss
Investing in bitcoin for the long term using loan interest is not good because we have to pay installments every month, but if we have an income that can cover the installments, we can take the loan and don't need to panic when the crypto market experiences a correction.
unfortunately I don't have the courage to take a loan to invest in crypto.
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Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you
It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.
We will never advise investing with debt. Because if we join Binod by taking debt for our mental stress, we will never be successful there. I keep saying the same thing, I think even if we have the ability to invest, if we invest in a currency for the long term, then there is hope of getting something good from it. We also know that the risk of investing in this crypto currency is very high, but we go ahead with the investment with our risk.
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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?
Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
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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?
Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
The only time that you would be considering crypto to be a main source of income is on the time or moment that you do become a professional trader on which you are already that making up some sustainable profitable trades in each month and you've been able to achieve or attain this for long then its the moment on which i do consider that you can make it as a full time job, but if you are really just that casually making up some trades and made out some extra then its good but its not something that you will be able to rely yourself with it. When it comes into taking up some loan then its never been that recommended that you would really be getting just to make out some investment with crypto on which we know that it doesnt really give out any sureness about making profits because at the time or moment that you dont be able to make profits with your investment, then how you would be able to repay the loan?
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Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you
It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.
Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.
You could imagine the current market situation and how you are panicking against the price decline and rushing to sell off so that you would not get trapped talk more about those who took loans and are already trapped in this kind of situation and maybe the date of repayment is within a short time for which they had promised to return with profit and all of a sudden this happens. I believe they would not be at rest and would be thinking of how to meet up with the loan payment. This is why we should avoid loans for crypto at all costs.
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Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
Crypto is your second portfolio and pocket of sorts.
But your first one should be your bigger one, the one from which the flow of capital goes.
Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.
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Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
Crypto is your second portfolio and pocket of sorts.
But your first one should be your bigger one, the one from which the flow of capital goes.
Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.
Yes, we who are vacationers and big users come to this crypto currency mainly to earn income. And from here, most of us users mainly invest and trade with the market. But we also have to keep in mind that no matter how much we are interested in investing, we should not invest with loans. And if we can afford it, we will try to invest for a long time.
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Considering some aspects, investing in Bitcoin with a loan can be somewhat profitable if the investor can hold it for a long period of time. Because the amount of Bitcoin multiplayer in a certain circle is much higher than the bank interest. But one who invests with a loan must have a loan with less than 8% APR interest. But yes it is very risky so those who want to invest in crypto with lol must be aware of this risk. Otherwise, he will panic if the price of his investment crypto falls. And if he somehow sells it at a loss, then this time he has to accept a much bigger loss
Investing in bitcoin for the long term using loan interest is not good because we have to pay installments every month, but if we have an income that can cover the installments, we can take the loan and don't need to panic when the crypto market experiences a correction.
unfortunately I don't have the courage to take a loan to invest in crypto.
Not everyone dares to take out a loan, like you and me that there is no ability to be able to pay the installments from the loan interest that occurs.
But once again, I do not refuse if someone dares to take out a loan for anything against crypto as long as he is able to pay the installments imposed by not using funds for daily needs, which remain a priority.
Ideally, it is to use excess funds that are not used for crypto investment, but not everyone has that.
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Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
Crypto is your second portfolio and pocket of sorts.
But your first one should be your bigger one, the one from which the flow of capital goes.
Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.
Yes, of course we invest in crypto currency for your profit. But if we invest with a loan, whether it is for a long term or for a short period of time, we will not be able to improve there. Because I will never say to invest in any currency with a loan. We know that there is no guarantee in the market of this crypto currency. Yes, I agree that if you invest in any currency for a long term, there is a possibility of getting something good from it.
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Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
Crypto is your second portfolio and pocket of sorts.
But your first one should be your bigger one, the one from which the flow of capital goes.
Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.
Yes, of course we invest in crypto currency for your profit. But if we invest with a loan, whether it is for a long term or for a short period of time, we will not be able to improve there. Because I will never say to invest in any currency with a loan. We know that there is no guarantee in the market of this crypto currency. Yes, I agree that if you invest in any currency for a long term, there is a possibility of getting something good from it.
Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the loan will not be able to succeed even with a long-term plan for loan. Rather, their loan money will increase, and later, if the burden of this loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.
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Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
Crypto is your second portfolio and pocket of sorts.
But your first one should be your bigger one, the one from which the flow of capital goes.
Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.
Yes, of course we invest in crypto currency for your profit. But if we invest with a loan, whether it is for a long term or for a short period of time, we will not be able to improve there. Because I will never say to invest in any currency with a loan. We know that there is no guarantee in the market of this crypto currency. Yes, I agree that if you invest in any currency for a long term, there is a possibility of getting something good from it.
Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the loan will not be able to succeed even with a long-term plan for loan. Rather, their loan money will increase, and later, if the burden of this loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.
Yes, the amount of money Bitcoin has dumped in the last 2 days has made investing in Bitcoin a bit risky. We still don't know what Bitcoin can do or how it can be in the future. Will it pump or dump in the future, but I think that in the last few days, the value of Bitcoin has decreased, and the value of almost all coins has decreased. If this continues, it is beyond imagination where the value of all coins will go in the future. Even then, those of us who are interested in investing, we will watch the market for a few days and then we will move towards investing.
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Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the loan will not be able to succeed even with a long-term plan for loan. Rather, their loan money will increase, and later, if the burden of this loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.
I agree with you and many other members' comments here, we should not invest with loans because it is very risky.
We realize that investing in crypto is very risky, plus we have to take the risk of taking on debt that must be paid in installments.
I think invest with free money, because we will be more focused and not under pressure.
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Not everyone dares to take out a loan, like you and me that there is no ability to be able to pay the installments from the loan interest that occurs.
But once again, I do not refuse if someone dares to take out a loan for anything against crypto as long as he is able to pay the installments imposed by not using funds for daily needs, which remain a priority.
Ideally, it is to use excess funds that are not used for crypto investment, but not everyone has that.
I think it is not about dare or not. We may dare to take a loan but we think it is not the safe way for crypto investment. I personally really support the people who avoid loan money for the capital of crypto investment. We can do DCA, or we buy a smaller number of crypto coins gradually. This is much better than we take a loan.
But it is no problem if there are people who want to take a loan. They may be professional investors/traders. They may also have enough money for the repayment.
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Not everyone dares to take out a loan, like you and me that there is no ability to be able to pay the installments from the loan interest that occurs.
But once again, I do not refuse if someone dares to take out a loan for anything against crypto as long as he is able to pay the installments imposed by not using funds for daily needs, which remain a priority.
Ideally, it is to use excess funds that are not used for crypto investment, but not everyone has that.
I think it is not about dare or not. We may dare to take a loan but we think it is not the safe way for crypto investment. I personally really support the people who avoid loan money for the capital of crypto investment. We can do DCA, or we buy a smaller number of crypto coins gradually. This is much better than we take a loan.
But it is no problem if there are people who want to take a loan. They may be professional investors/traders. They may also have enough money for the repayment.
Investment on cryptocurrency is good idea for now, because crypto is future money and crypto is able to pay high profit but investment with loan is not good for any way. Because crypto is high volatile currency so crypto will not give financial advance for anyone. one can make good profit from crypto and also can loss on cryptocurrency according to there crypto experience and analysis skills. but no one can guarantee there profit, so take loan with high interest and invest that money on crypto is stupid idea
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Investment on cryptocurrency is good idea for now, because crypto is future money and crypto is able to pay high profit but investment with loan is not good for any way. Because crypto is high volatile currency so crypto will not give financial advance for anyone. one can make good profit from crypto and also can loss on cryptocurrency according to there crypto experience and analysis skills. but no one can guarantee there profit, so take loan with high interest and invest that money on crypto is stupid idea
Yes, the opportunities of investing in cryptocurrencies is always interesting due to the high profitability, but one should be cautious with the money. Investing in assets where there is volatility in the price levels is always a great risk if you have to use money in the form of loans. Yes, Crypto does provide the provisions through which investors stand to gain in specific ways but there are no guarantees that any certain outcomes will be achieved and investment must always involve careful analysis. Experience and skills in reading market movements of an economy’s denominated assets make it possible to earn gains but this comes with likely losses as well. That is why depending on finances from high interest operations to purchase assets characterized by large fluctuations in price is not effective for increasing revenues in the long term.
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Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the loan will not be able to succeed even with a long-term plan for loan. Rather, their loan money will increase, and later, if the burden of this loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.
I agree with you and many other members' comments here, we should not invest with loans because it is very risky.
We realize that investing in crypto is very risky, plus we have to take the risk of taking on debt that must be paid in installments.
I think invest with free money, because we will be more focused and not under pressure.
Yes, the fear of losing will not work much for those who invest with their own money. On the other hand, who invest with loan their pressure will increase further. Due to which they become more depressed mentally. Moreover, those who do not have money usually take loans and if they lose that money, their mental condition will not be better. If they invest with their own money, they will not have to worry much even if they lose that money. Loans make a person more indebted, which is why it is better if they can invest a little with their own money.
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Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the loan will not be able to succeed even with a long-term plan for loan. Rather, their loan money will increase, and later, if the burden of this loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.
I agree with you and many other members' comments here, we should not invest with loans because it is very risky.
We realize that investing in crypto is very risky, plus we have to take the risk of taking on debt that must be paid in installments.
I think invest with free money, because we will be more focused and not under pressure.
Yes, the fear of losing will not work much for those who invest with their own money. On the other hand, who invest with loan their pressure will increase further. Due to which they become more depressed mentally. Moreover, those who do not have money usually take loans and if they lose that money, their mental condition will not be better. If they invest with their own money, they will not have to worry much even if they lose that money. Loans make a person more indebted, which is why it is better if they can invest a little with their own money.
I think you have stated correctly that there will always be pressure when using loans to make investments compared to your own money, and it is very clear that pressure is part of the risk for every investment in crypto.
So some people think that taking out a loan is not wise, but some can tolerate it as long as every loan can be paid properly and on time, because all of that is part of the risk that can occur in investing in crypto, which will indeed happen.
We must be reminded once again that investing in crypto is full of risks, and we must be prepared for it.
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There are so many loan services in cryptocurrency and I will advise that it's not a good idea to ask for loan to go into crypto, it's a very wrong idea and a bad one, it is more safe and better that we take our time to learn about this same crypto, acquire a skill and render a service that could help us earn in crypto, if we think we don't have the money to start it, but taking loan should be the worst decision anyone should go for.
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There are so many loan services in cryptocurrency and I will advise that it's not a good idea to ask for loan to go into crypto, it's a very wrong idea and a bad one, it is more safe and better that we take our time to learn about this same crypto, acquire a skill and render a service that could help us earn in crypto, if we think we don't have the money to start it, but taking loan should be the worst decision anyone should go for.
During my crypto investment, I have never applied for a loan because it is very risky.
Investing in crypto requires focus and it is better to use free funds that we get from rewards by participating in signature bounties or airdrops, this is safer than taking loans to invest in crypto.
I also read many people who advise not to take loans and I agree with this.
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There are so many loan services in cryptocurrency and I will advise that it's not a good idea to ask for loan to go into crypto, it's a very wrong idea and a bad one, it is more safe and better that we take our time to learn about this same crypto, acquire a skill and render a service that could help us earn in crypto, if we think we don't have the money to start it, but taking loan should be the worst decision anyone should go for.
It is very useful to follow some rules for effective managing your money because today digital assets are also significant. Learning about the different aspects of crypto investment will pay off at some point that is why before investing, try to learn more. It is possible to make money without a large amount of risk here in the world today, this is brought by skill and chances available all over. If you are going for a loan for something you barely know, then the fateful step is bound to lead to regret. Hence, seeking other less risky means of making money from the centre is most advisable. This means that it is only if one learns perseverance and patience, it is easy to make better decisions in the future in this field.