Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: sagarmota10 on January 05, 2025, 06:44:20 AM
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
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Greed is something that is not advisable in whatsoever one is doing, cause it can cause more harm than good, be it as a trader, investors etc. Being contented with that little profit made can be more satisfactory, than facing big losses or being locked up by the market downtrend.
Taking loans for investment is one of the most dangerous things an investor (small investors) will want to take part in. As a crypto investor, trader or enthusiast, you are not advised to go to money lenders for making investment. Big investors can go to money lenders, because they know they can pay back on or before the due date of the loan.
This I will say is the ignorance of a newbie in the crypto community. Acquiring knowledge and investment advice in crypto related forums can be very helpful to avoid situations like this.
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Your friend made a huge mistake by taking other people's money and risking it in this way
Has this happened recently?
Did he take a chance on memecoins?
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But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
The fact that he felt greedy and used other people's money to leverage his profits is already a bad idea.
What's worse is that he also took a loan from other people which for me is one of the worst ideas.
Speaking of worst, you know what's worst? Your friend ran away and left the country. Does he thing that he can run away with the law? He will not, and he will suffer consequences because of what he's done.
Greed really is a life-killer, and we saw it on this one. Right now, your friend's life is in danger, and I just hope that he will not end up getting killed by those people who he took their money with. This is a straight up "estafa" or "syndicated estafa". I hope that you will answer most of the users' questions because many are curious about the story. This might just be a made-up story if you will not answer.
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big mistake in investing in crypto, by borrowing funds to buy coins, it is better to buy as much as we can and not be too greedy, if it is like this all the family is ashamed, the profit has not been obtained the debt must be paid, what hurts is when you choose the wrong coin to buy, the money is lost the debt is waiting to be paid
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
I hope they track him down and jail him.
Any one that borrows at 4% a month to play the market (any market) deserves prison if they run from their creditors.
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When a person is excessively greedy, everything will seem different to him. Wherever he invests, he will think that he will be much more profitable from that investment. But the reality is different. Everyone should definitely keep their expectations at a reasonable level before investing. However, in the case of investment, the investor must observe and invest well. Along with this, the investor should invest such money that if lost, it will not have any negative impact on his personal life. Those who invest by borrowing money with interest they will have highest risk, which can increase their losses rather than profits.
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What he did is wrong all the way and we all know that already though greed sometimes much more powerful than the individual himself but it is avoidable. Being greedy is I think the most effective behavior we can have if we want to lose on almost anything. Leaving the country isn't the only solution but instead it worsen the situation he has. I think it is always the best to face the truth and accept the fact that we screwed ourselves because we all know conscience will haunt us. I also have friends who commit such kinda stuff but it's not gambling related they just face the consequences and it's done they just need to repay what they owe.
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Sorry to heard that, I don't think loss fund of your friend after loaning for investing in cryptocurrency because trade at future trading, I believe if trade at spot always have way for repayment loan due loan interested 4% every month.
Actually I don't think good ideas taking loan have higher loan interest,
If paid 4% every month for loan interest looks more than 48% each year and its most expensive loan interest have to pay and difficult keep balance how much profit have to earn.
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In my personal opinion I think even if a person billionaire or Millionaire in Crypto but he get into greediness then there will not take much time to bring him on the road from his past position. There is no space of emotions in trading especially when people get into greed, and when a person fall in to grediness their must be have loose of self control and you will easily affected with the rumors and also by the FUD. And there if there some person investing by borrowing money from others with the greediness their must be prepared for facing the worst situation in life.
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The perfect case also for never investing more than what you could afford to lose. Borrowing money or stealing and then losing it all usually happens to gamblers but 'investors' also experience this. As for your friend, good thing he still had the logic not to end himself because of debts.
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There is indeed a big lesson here. We should never use other people's money and that coming from loans to invest in cryptocurrency. This is a BIG NO NO since we are not Nostradamus that can surely predict the future of what can be. The market tide can easily go up and down and one may end up with just an empty bag and those people whom you owed money can be coming after you. In the past, we already heard of many sad stories along this line and if we are not learning from the mistakes of others we maybe bound to make the same mistake ourselves. Never ever be fooled to think that we can be lording the market because can not and we are not.
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Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
This is the worst thing that you can do: invest your money in a highly volatile market. there's expert advice and this is also very popular advice and that is you should invest what you can afford to lose.
One day your investment is doing well; the next day it becomes bad because of the uncertainty in the market. So never invest in money that is not yours; you will have a lot of regrets if what you expect did not happen.
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Your friend made a huge mistake by taking other people's money and risking it in this way
Has this happened recently?
Did he take a chance on memecoins?
Memecoins are the bain of any depo in the space.
Better to invest anything that is free from emergencies into something more stable.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
One of the shittest decision that you would even made is on the moment that you would really be using others money just for you to make money or doin up some accumulation of funds because you are planning to have that bigger trading capital on which this is really that indeed risky. I do also known someones who had been offering some handling out their funds on making up some trades and offering 10% on which i could say which is really that too much or something that would be too hard since you are promising out 10% on every month on which you cant even so sure if you would really be able to make that profit in months time. Yes its probable but we do know that not all the time we would really be that profitable.
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The perfect case also for never investing more than what you could afford to lose. Borrowing money or stealing and then losing it all usually happens to gamblers but 'investors' also experience this. As for your friend, good thing he still had the logic not to end himself because of debts.
A person should only borrow when he knows he can get the funds to repay the debt eventually.
Doing it like this is rightfully looked down upon. And I hope for the friend of the OP to learn much from this experience.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
This story is a reminder of the fact, of course, that decisions we make in life carry real consequences. We tend to take our eyes off the bad things that could occur when we’ve decided to go after something that will deliver amazing rewards. In life living, there is a need of balance between ambition and caution. Being high responsibility to involve those closest to us. Fleeing from the situation is not the wiser step as we have been in bad situations and all and finding the right way out out is wiser. Every choice we make today will affect us and others for a very long time. We must continue to make decisions in our favour that everyone is likely to benefit from.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
This story is a reminder of the fact, of course, that decisions we make in life carry real consequences. We tend to take our eyes off the bad things that could occur when we’ve decided to go after something that will deliver amazing rewards. In life living, there is a need of balance between ambition and caution. Being high responsibility to involve those closest to us. Fleeing from the situation is not the wiser step as we have been in bad situations and all and finding the right way out out is wiser. Every choice we make today will affect us and others for a very long time. We must continue to make decisions in our favour that everyone is likely to benefit from.
Everything that involves funds should be done responsibly. Risks are in anything, stable or trusted with time - no way you can go around and swing with the opinion that everything is going to be fine for one more time.
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Greed is something that is not advisable in whatsoever one is doing, cause it can cause more harm than good, be it as a trader, investors etc. Being contented with that little profit made can be more satisfactory, than facing big losses or being locked up by the market downtrend.
Taking loans for investment is one of the most dangerous things an investor (small investors) will want to take part in. As a crypto investor, trader or enthusiast, you are not advised to go to money lenders for making investment. Big investors can go to money lenders, because they know they can pay back on or before the due date of the loan.
This I will say is the ignorance of a newbie in the crypto community. Acquiring knowledge and investment advice in crypto related forums can be very helpful to avoid situations like this.
Yes I'm agree with that that's why I'm sharing this reality to all my colleagues that pls do not invest extra money which can hurt your comfort zone.
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Your friend made a huge mistake by taking other people's money and risking it in this way
Has this happened recently?
Did he take a chance on memecoins?
Yes bro he is doing future trade most of and addicted to make profit and convert to spot bag but once market lequidated him then he sale his spot bag and doing more trading without any thinking of it and loose his portfolio.
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When a person is excessively greedy, everything will seem different to him. Wherever he invests, he will think that he will be much more profitable from that investment. But the reality is different. Everyone should definitely keep their expectations at a reasonable level before investing. However, in the case of investment, the investor must observe and invest well. Along with this, the investor should invest such money that if lost, it will not have any negative impact on his personal life. Those who invest by borrowing money with interest they will have highest risk, which can increase their losses rather than profits.
I think we have to introduce to all our network friends to how risk management is important in crypto market or any market because newbie always in rush to be getting rich within quick time and accordingly they lose their funds.
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The perfect case also for never investing more than what you could afford to lose. Borrowing money or stealing and then losing it all usually happens to gamblers but 'investors' also experience this. As for your friend, good thing he still had the logic not to end himself because of debts.
A person should only borrow when he knows he can get the funds to repay the debt eventually.
Doing it like this is rightfully looked down upon. And I hope for the friend of the OP to learn much from this experience.
Actually, I think that you could explain absolutely a prefer comment. Because we know that more greedy is very harmful for everyone. So I believe that if we can understand in greediness, I think that it will be very helpful for us. So I believe that if that's person could understood to dangerous of greedy, I think that he could not decided wrong. So if we want to get best profit from cryptocurrency market, we must understand in cryptocurrency market. Because crypto currency market depending on your intelligent movement.
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It is very regrettable, when a person does something like that, well for me he should not run away, he should call a meeting and say what happened, and apart from that make a commitment to each of those who asked for the money and pay them, but he should talk, running away for money is a very bad thing because the last thing you can do in life is steal, he was left as a thief and that is what everyone thinks, they will never believe that things went wrong for them because of the market, they will say that things went wrong because he ate the money, that simple.
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This topic has been on discussion for some weeks ago, however, I have a different view as far as taking crypto loan is concerned.
In my opinion, i think that a crypto loan for trading/investments is not a bad idea, the most important thing is having the necessary knowledge and experiences to to trade efficiently.
I think is not a bad ideas for experienced traders to take a loans provided that they can navigate the market perfectly and make some reasonable profits.
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The perfect case also for never investing more than what you could afford to lose. Borrowing money or stealing and then losing it all usually happens to gamblers but 'investors' also experience this. As for your friend, good thing he still had the logic not to end himself because of debts.
A person should only borrow when he knows he can get the funds to repay the debt eventually.
Doing it like this is rightfully looked down upon. And I hope for the friend of the OP to learn much from this experience.
And really in a very urgent condition and there is no other way. As much as possible, for me, avoiding debt is the main thing. That's why we must always work hard to make more money, for daily needs, the future, additional, and self-taught and urgent needs. And we really have to prepare for various things that might happen in the future with sufficient funds, so that we can avoid all types of debt. Especially debt to invest in crypto. In my opinion, this is not a wise choice for me.
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It is very simple, only invest what you afford to lose. And do not invest people's money. As an investor, this is what I am trying to avoid. Friends of mine asks me to manage their portfolio or build one for them but I refrain because when the market is so bad, they might blame me for ny decisions. That is why, do not invest if it is not yours and only invest the money that we own, never take loans, never take offers even if they are believing and praising you. They can simply go to headfund or portfolio managers instead.
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Lending money from someone to invest for crypto trading is a big NO. You are digging your own grave. Remember invest what you can afford to lose not invest everything you have lmao. Even the smartest investor wont do that. The only good thing about lending money is to invest it wisely by making your own business that makes profit for your so you could pay your debt.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
One of the shittest decision that you would even made is on the moment that you would really be using others money just for you to make money or doin up some accumulation of funds because you are planning to have that bigger trading capital on which this is really that indeed risky. I do also known someones who had been offering some handling out their funds on making up some trades and offering 10% on which i could say which is really that too much or something that would be too hard since you are promising out 10% on every month on which you cant even so sure if you would really be able to make that profit in months time. Yes its probable but we do know that not all the time we would really be that profitable.
In a risky market where there is no guarantee, investing with other people's money or borrowed money can bring more risk. Especially if the market conditions worsen after the investment, the investor has to be financially stressed and on the other hand, he has to accept the pressure to repay the borrowed money. It is more difficult for those who bring that money against interest. Because there the investor has to spend more money. In such conditions, it is difficult to expect anything good from the investment. It is better to keep the investment with own money.
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Interesting, but it might be more interesting to discuss if we mention some related subjects, such as where he invested, what instruments he invested in, how his investment mechanism works, and some other aspects... considering that it could be a lesson for us too and could correct any parts that look odd (if you want opinions from other users in this forum).... yes I know there are censorship limits, and you also hope to censor some points related to privacy.
The story I can take is, don't be greedy... that's all, and for that kind of story model I think many people already know that investing with borrowed money or even money that we don't control is something dangerous...
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Haven't you friend about that when investing in cryptocurrency they should borrow money to invest rather should be investing with the amount they can afford lose than going to collect loan to invest, and what if the market against them and they ended up losing the money.
Already this phrase has been used severally all time for save investment but greedy people would always want to go use all they have to invest in cryptocurrency forgotten that the ending results may not be that pleasant that way if they lost the money, another thing is to invest within only reputed coin such as bitcoin or Ethereum and few other coin that seems to be reliable than other coins.
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You have given a nice message that many people think that they are very clever and think that he is very good about the market, because of which they borrow money from others and invest cryptots in the hope of getting something big. No one can guarantee how much pump will be. So anyone who invests in a wrong coin at any time can make a huge loss. So since there is a big risk here, one should never invest money in crypto by borrowing money from others like friends or another sources
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Curious minds and brains cannot say for sure what the future holds for the crypto world. Today cryptocurrency can fall flat at any moment. So invest in crypto with extreme caution and always research crypto to make sure your investment is the best. Moreover, crypto profits are uncertain so taking loans to invest here is absolutely foolish as you may know the outcome. Again if you follow someone and invest only by looking at social media posts there will be losses. You should invest only as much money as you can afford to lose. So use only your spare funds for investment and avoid loans.
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This is a really unfortunate end to greed, we always repeat the golden advice in trading or investing "only invest what you can afford to lose" This is absolutely true and this is one of the many cases that shows how important it is to work with this golden advice.
The crypto market is very volatile so it is very risky because in one moment everything can change and profit turns into loss, capital management is one of the most important things that an investor or trader must learn so that he does not fall into the same mistake that your friend fell into.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
That is a big mistake in crypto investment, borrowing money is highly discouraged here. The second is greed, why should he do that when he has already made a big profit with his own money.
We all know that the price of Crypto which fluctuates highly is very risky, if we want to invest then we should just use cold money because it will be safer of course if there is a deep wave of price declines.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
Thank you for sharing this information my friend. This would be a reminder to us not to borrow money to anyone just to invest in crypto especially to those who really don't have enough experience on it. There's always a risk to any type of investment(not just crypto), and the risk will increase if you don't know what you're doing or if you didn't have a plan. We all know that we can really make money in crypto just by investing but to borrow money from the others is not an ideal to do so because there is an interest and we don't when will the price hit your selling price.
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He has no money with him, but was able to leave the country. How did he manage to do that, he would then pay the loan money for him because that's not over because those he borrowed the money from, wouldn't just keep quiet without them meeting his family members to pay back for their sons loan money.
Using a loan money to invest in crypto is the worst step a crypto investor would take because the crypto market can leave you disappointed and frustrated at the same time. To stay safe from crypto investment is to learn to invest with spare money and try as hard not be too greedy or invest out of fomo.
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No money with him, he felt pressured and leave country.
So your friend left the country without paying back his loan, i am sure the loan agency should have details about his family, because it should be part of the info submitted before they give out the loans. They can probably start from there to recover their money.
However, borrowing money to invest in crypto is a very bad idea, you should invest only with your money, and not all of your money, a part of it.
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No money with him, he felt pressured and leave country.
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However, borrowing money to invest in crypto is a very bad idea, you should invest only with your money, and not all of your money, a part of it.
I also do not agree to invest in crypto with borrowed money because I think it is very risky. The crypto market is difficult to predict and we have to pay the loan, while we do not know whether the increase in a coin will occur before the loan matures or after. because if it is after then we do not have the profit to pay our installments.
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I hope they track him down and jail him.
Any one that borrows at 4% a month to play the market (any market) deserves prison if they run from their creditors.
After generating a profit on his initial capital, he became greedy and went out of his way to obtain a loan, accepting an unusually high monthly interest rate in the hopes of making a quick profit and returning the money within a month. It is always the case of Solana memeCoins traders underestimating the market.
There isn't much difference between memecoin traders and gamblers; high risk, high gain, but never trade or gamble more than you can afford to lose, and never borrow money to trade.
He will learn the hard way.
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No money with him, he felt pressured and leave country.
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However, borrowing money to invest in crypto is a very bad idea, you should invest only with your money, and not all of your money, a part of it.
I also do not agree to invest in crypto with borrowed money because I think it is very risky. The crypto market is difficult to predict and we have to pay the loan, while we do not know whether the increase in a coin will occur before the loan matures or after. because if it is after then we do not have the profit to pay our installments.
Investing through borrowed money is not a correct approach because crypto does contain a relatively high level of risk, even if taking into account the volatile nature of the market. So in this case, one of the things that would be necessary before we could go onto the next level is to try to ensure that we do not become financially unstable ourselves. The variety of approaches to the definition of the point of time concerning the increase of asset value can make the load of loan payments even greater if the anticipated outcomes are not observed. It would be substantially better to spend money which does not compromise primary necessities as going through the investment process is already complicated enough. Thus, we can avoid possibly avoidable risks and maintain the health of our finances as is required In this way.
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But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
first of all how could he leave the country with no money?
second, did the loan givers get back the funds? if no then didn’t he get sued? i am pretty sure those who gave their money to him can sue him for if there’s a charge against him i do not think he will be able to get out of the country
third he’s lucky his family is understanding some would have sued him even if they’re family
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
- In summary, he managed to escape his problems and obligations to the people he borrowed money from, but he acted cowardly when confronted with the problems he was about to face. That means he may not have expected it, or he already expected it; no one really knows what he was thinking.
The only sad thing is that the friends and family he borrowed money from also ruined themselves because of money and ruined their relationships just because of something he thought he would get a big profit right away. The problem is that he became impatient. So invest what you can afford to lose.
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But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
There are many people who have gone through this path, and it has ended in the same results, with them having regrets from the failure they encountered. No matter your plan for the market, know the market is also planning for you as well.
Borrowing money from friends also for this sort of purpose that fails can ruin relationship you have with them.
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Once it is not your money, then don't try to make investment in crypto with such money with the aim of taking advantage to make profit and refund back the money, things don't really work as we have thought about them in so many cases, the moment we go for trade and the conditions seems unbearable for us, we tend to lose and cant afford to leave or remain in the market because of that, while if it were our own personal money, we can take any decision and take heart as well on whatever comes at the end.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
That's sad, he had done this to himself, I also had this feeling of getting my hands on more funds as whenever market dumped I had no stable currency at that time I planned to borrow funds from friends and family to invest as you said family and friends can understand the situation but those loan givers won't they need their funds back.
So that's why I never took loan from anyone to invest in crypto because let's say when I want to invest in alts BTC was around $92k and I thought this is the best point to invest so if I would have taken the loan to invest that time I wouls surely be at lose now because I would invest in alts and they are very cheap than before.
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Once it is not your money, then don't try to make investment in crypto with such money with the aim of taking advantage to make profit and refund back the money, things don't really work as we have thought about them in so many cases, the moment we go for trade and the conditions seems unbearable for us, we tend to lose and cant afford to leave or remain in the market because of that, while if it were our own personal money, we can take any decision and take heart as well on whatever comes at the end.
h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.
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h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.
you just said that there is a possibility of panic while trading knowing that the money is not yours so immediately there is a sense of discomfort there unless you can set aside the thought of risking someone else's money which is quite selfish imo because you still hold a responsibility to get them back their money
i would rather use my own money and hold no responsibility to no one but myself and that i am not held back by guilt or anxiousness from using someone else's money
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Whatever you are doing or you want to start doing, don't let your emotions lead you because it will take you to somewhere that you will regret for the rest of your life. Whatever you are doing get rid of fear and have confidence in yourself. Don't be greedy, because it is the most dangerous thing I could ever think of when it comes to trading as well as investing. Don't start your first investment with a huge amount of money due to greediness, because your wish of getting rich may not be fulfilled. When it comes to investment, it does not always work as the higher the capital the higher the return, so don't invest all you have, because you can not determine the future, Must importantly don't borrow money or took loan to start investments or business because the future is uncertain and you can not predict what will happen to your money, And you may found your in difficult situation if you loss the loan you took to start the investment, how did you intend to pay back the debt.
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Once it is not your money, then don't try to make investment in crypto with such money with the aim of taking advantage to make profit and refund back the money, things don't really work as we have thought about them in so many cases, the moment we go for trade and the conditions seems unbearable for us, we tend to lose and cant afford to leave or remain in the market because of that, while if it were our own personal money, we can take any decision and take heart as well on whatever comes at the end.
h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.
If a person borrows money for a short period of time, I also think that he should have a good knowledge of the market and trading. This way, he can get a chance to repay the money he borrows. On the other hand, if he does not have a good knowledge of trading and the market, then he will be under more pressure. When there is no other way after losing his own money, someone borrows money from others. And when he loses that money, he will have to be devastated. Another thing is that if someone can borrow money for a long time, then if he can invest that money in the right place, especially if he puts it in Bitcoin, there will be a great possibility of making profit.
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Your friend made a huge mistake by taking other people's money and risking it in this way
Has this happened recently?
Did he take a chance on memecoins?
He is not want to talk with us and even he left the country for the earn money and keep peace in his life.
But we have always discussed the risk factor of market but he is to eager for to be a rich and did mistake.
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Sorry to hear about what happened to your friend. When did this happen by the way? Because if any of this happened last year and he bought Btcoin, then he'd be in the green by now. Actually even as early as 4 months ago you'd be able to repay the 4% interest + loan. Alts however are a different story.
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Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
I experienced similar thing yesterday, the person is not my friend but was sharing story about the wrong move he made with people's money, it was money given to him to keep. He wake up yesterday to long Trump coin simply because everyone was anticipating Trump coin to go $100 but unexpectedly, the market dumo because of Melanie token and he was liquidated.
This is a person that doesn't understand trading or anything about the crypto market, just wanted to make use of the advantage of meme profits and it didn't end well and he lost everything. This money is for another person and now he is in debt.
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For other people to secure their money with you and then all you could think of is in using of their fund for crypto investment, then you haven't learnt your lesson until it happens the hard way, because any investment should be from the hard earned money which we have, we should not rely on what other people are giving as advise in taking such silly advantage, things don't normally work out as expected the first time we might have attempted on something.
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~snip~
No money with him, he felt pressured and leave country.
This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.
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~snip~
No money with him, he felt pressured and leave country.
This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.
Totally risky and this is something that you should really be that considering on which we know that when it comes into this aspect on where's there's no guarantee that you can be able to make yourself money with it. When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into. You cant really just that dive in and having no risks management and considerations.
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For other people to secure their money with you and then all you could think of is in using of their fund for crypto investment, then you haven't learnt your lesson until it happens the hard way, because any investment should be from the hard earned money which we have, we should not rely on what other people are giving as advise in taking such silly advantage, things don't normally work out as expected the first time we might have attempted on something.
Agreed through and through.
Crypto is about doing things on your own - the analysis, the funds, and the way you do and pave your own road ahead of yourself.
Once you start relying on someone in any of the factors, you become vulnerable to many things.
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But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
The fact that he felt greedy and used other people's money to leverage his profits is already a bad idea.
What's worse is that he also took a loan from other people which for me is one of the worst ideas.
Speaking of worst, you know what's worst? Your friend ran away and left the country. Does he thing that he can run away with the law? He will not, and he will suffer consequences because of what he's done.
Greed really is a life-killer, and we saw it on this one. Right now, your friend's life is in danger, and I just hope that he will not end up getting killed by those people who he took their money with. This is a straight up "estafa" or "syndicated estafa". I hope that you will answer most of the users' questions because many are curious about the story. This might just be a made-up story if you will not answer.
It's totally true story and he is wishing to repay all debts but to be now he suffers tuff time which is create pressure on him to repay intrest and capital to.
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What he did is wrong all the way and we all know that already though greed sometimes much more powerful than the individual himself but it is avoidable. Being greedy is I think the most effective behavior we can have if we want to lose on almost anything. Leaving the country isn't the only solution but instead it worsen the situation he has. I think it is always the best to face the truth and accept the fact that we screwed ourselves because we all know conscience will haunt us. I also have friends who commit such kinda stuff but it's not gambling related they just face the consequences and it's done they just need to repay what they owe.
He left country for getting hired paid job and can repay the debts as soon as possible so he can survive for now.
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~snip~
No money with him, he felt pressured and leave country.
This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.
~snip~
When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into.
~snip~
I also think that such a way is like looking for new problems in our lives. It is better to use our money wisely for good things and visible in front of our eyes, while crypto is invisible and full of Scammers, especially when it comes to investing in projects that will be launched.
I am also present in the crypto environment only relying on my free time from my work at home, so sometimes I am active in crypto and sometimes I am not because I do not fully work in this crypto environment.
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~snip~
No money with him, he felt pressured and leave country.
This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.
~snip~
When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into.
~snip~
I also think that such a way is like looking for new problems in our lives. It is better to use our money wisely for good things and visible in front of our eyes, while crypto is invisible and full of Scammers, especially when it comes to investing in projects that will be launched.
I am also present in the crypto environment only relying on my free time from my work at home, so sometimes I am active in crypto and sometimes I am not because I do not fully work in this crypto environment.
I invest in crypto as a side job to earn extra income. So I don't take loans to invest in crypto because for me it will also add problems to our lives if we experience losses.
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even bad he brought more money from market loan givers at huge interest rate of 4% each month.
That is 48% interest rate per year and assume 4 year is a cycle the interest alone will be 192% and I don't think it is possible to make that much return when we invest on the top crypto currencies so yeah he made a huge mistake. He should have invested from the profits he made from earlier investment and tried the compounding strategy to increase the portfolio size.
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~snip~
No money with him, he felt pressured and leave country.
This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.
~snip~
When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into.
~snip~
I also think that such a way is like looking for new problems in our lives. It is better to use our money wisely for good things and visible in front of our eyes, while crypto is invisible and full of Scammers, especially when it comes to investing in projects that will be launched.
I am also present in the crypto environment only relying on my free time from my work at home, so sometimes I am active in crypto and sometimes I am not because I do not fully work in this crypto environment.
I invest in crypto as a side job to earn extra income. So I don't take loans to invest in crypto because for me it will also add problems to our lives if we experience losses.
As far as I know, for this empty life if we don't have something urgent then it's better for us not to borrow money. Borrowing money must be redeemed or returned so I'm sure if we don't have the money to return it then we ourselves will feel disadvantaged.
Borrowing money to invest or trade crypto is the same as gambling (not working) in my opinion, because crypto is like something that is very difficult to predict for price increases and decreases, we can't know when we will profit from this crypto trading.
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Once it is not your money, then don't try to make investment in crypto with such money with the aim of taking advantage to make profit and refund back the money, things don't really work as we have thought about them in so many cases, the moment we go for trade and the conditions seems unbearable for us, we tend to lose and cant afford to leave or remain in the market because of that, while if it were our own personal money, we can take any decision and take heart as well on whatever comes at the end.
h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.
This is a fact, if the market conditions are falling, the situation will become more complicated if you invest with borrowed money, especially if the decline takes a long time, not in a short time, the borrower will definitely think and think about how to pay off their debts,
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Sorry to hear about what happened to your friend. When did this happen by the way? Because if any of this happened last year and he bought Btcoin, then he'd be in the green by now. Actually even as early as 4 months ago you'd be able to repay the 4% interest + loan. Alts however are a different story.
He was liquidated, and even if there were any cash remaining, he would have wasted them chasing his loss and attempting to regain his initial amount. Typical trader attitude.
This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.
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This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.
Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.
especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
Just like everyone has said,and also laid emphasis on ;greeed is a common factor that leads to the fall of a lot of investments.Investments such as crypto is also included as tbis common factor influemces alot of investors decisions..
The urge to want more is what defines we as human,just like economists would say;human wants cannot be totally solved.
I sincerely do not have any reason to blame this your friend in particular;only what i would be against is the fact that he used other people money as a capital for his investments as well as loans I wouldnt entirely advise someone to take loans for investmentsas it is a two way thing.You either win or you loose.So it is a thing of risk and choice.
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This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.
Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.
especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.
We don't have to give advice to others in crypto investment, unless they ask us something. because if they lose they will usually blame us. we better focus on ourselves.
In trading there is always a risk and newbies must understand the risks, don't just be tempted by the desire to get rich quick.
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This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.
Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.
especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.
We don't have to give advice to others in crypto investment, unless they ask us something. because if they lose they will usually blame us. we better focus on ourselves.
In trading there is always a risk and newbies must understand the risks, don't just be tempted by the desire to get rich quick.
To avoid conflict situations one has to agree that it is perfectly reasonable to refrain from doling out investment advice with others. This saves us from times when others may feel let down or times when they are bound to blame us if the outcome of the tasks we deliver does not suit them. Staying in our own investment lane brings along less pressure when making decisions in an investment without worrying about other people’s decisions. Besides, every person has his own conditions and aims and therefore the best decisions are those which are made with their consent and on their own responsibility. That way we also allow other individuals to grow and accept the consequences of their decisions too if they make wrong ones.
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This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.
Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.
especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.
We don't have to give advice to others in crypto investment, unless they ask us something. because if they lose they will usually blame us. we better focus on ourselves.
In trading there is always a risk and newbies must understand the risks, don't just be tempted by the desire to get rich quick.
To avoid conflict situations one has to agree that it is perfectly reasonable to refrain from doling out investment advice with others. This saves us from times when others may feel let down or times when they are bound to blame us if the outcome of the tasks we deliver does not suit them. Staying in our own investment lane brings along less pressure when making decisions in an investment without worrying about other people’s decisions. Besides, every person has his own conditions and aims and therefore the best decisions are those which are made with their consent and on their own responsibility. That way we also allow other individuals to grow and accept the consequences of their decisions too if they make wrong ones.
It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
Well in crypto investment we should not get a loan and invest because crypto is always unpredictable and there is no assurance that we can earn in a short period of time,if we get a loan today and we invest in crypto and the price go down because its bear market and we cannot pay the interest then we will feel the pressure,so the best thing we can do is invest our extra money so that there is no pressure ta all.
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I believe that's going to be the problem with people because the greediness that has been shown by them has probably amplified with all the "media" seen on the internet. I believe it's important that you control the amount of borrowing and be careful when you are trying to get in banks or loans. It's really problematic, and you need to have a clear plan when you are trying to push with taking a loan and then using it as something like an investment in crypto.
It's a good thing that the family and friends are understanding. I believe if that were to happen to my family, there would already be war, and it's going to be the blood line that will suffer. :o
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It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.
Exactly. Nothing is more safe and peaceful than using our own money in everything risky. Using someone else's money even with their permission isn't a good habit if you are trying to use it on things that you are not sure of making certain gains because we all know nothing is constant especially in investment because things are volatile and things might also turn against our side.
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It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.
Exactly. Nothing is more safe and peaceful than using our own money in everything risky. Using someone else's money even with their permission isn't a good habit if you are trying to use it on things that you are not sure of making certain gains because we all know nothing is constant especially in investment because things are volatile and things might also turn against our side.
Yeah, given that cryptocurrency is risky and will increase if you do not have an edge. I don't believe there is a trader who uses other people's money to invest, and I don't believe that if you have money, you will give it to a trader to trade because, first and foremost, if you can make money trading, why would you use other people's money? And if you want a trader to utilize your money, do you believe he will earn a profit? Because if a trader is intelligent and already profitable, he will refuse to accept other people's money because it will just bring him problems.
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It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.
Exactly. Nothing is more safe and peaceful than using our own money in everything risky. Using someone else's money even with their permission isn't a good habit if you are trying to use it on things that you are not sure of making certain gains because we all know nothing is constant especially in investment because things are volatile and things might also turn against our side.
Yeah, given that cryptocurrency is risky and will increase if you do not have an edge. I don't believe there is a trader who uses other people's money to invest, and I don't believe that if you have money, you will give it to a trader to trade because, first and foremost, if you can make money trading, why would you use other people's money? And if you want a trader to utilize your money, do you believe he will earn a profit? Because if a trader is intelligent and already profitable, he will refuse to accept other people's money because it will just bring him problems.
There is no doubt that every decision in trading world has its repercussions regarding the assets with high risk/return ratios. Security and freedom with ones own money should always be the key priorities because no one else will have an interest to keep the value of the asset as high as the buyer does. The other thing that strikes one regarding someone with the capacity to generating constant amounts of cash is that they should easily prefer using their own money as opposed to managing other people’s money that can in fact be an added pressure and liability. Thus, it is possible to note that the policy of having full control of each and every financial decision is something that should be done in order to avoid getting into a state which can be very bad in the future.
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~snip~
No money with him, he felt pressured and leave country.
This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.
~snip~
When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into.
~snip~
I also think that such a way is like looking for new problems in our lives. It is better to use our money wisely for good things and visible in front of our eyes, while crypto is invisible and full of Scammers, especially when it comes to investing in projects that will be launched.
I am also present in the crypto environment only relying on my free time from my work at home, so sometimes I am active in crypto and sometimes I am not because I do not fully work in this crypto environment.
I invest in crypto as a side job to earn extra income. So I don't take loans to invest in crypto because for me it will also add problems to our lives if we experience losses.
As far as I know, for this empty life if we don't have something urgent then it's better for us not to borrow money. Borrowing money must be redeemed or returned so I'm sure if we don't have the money to return it then we ourselves will feel disadvantaged.
Borrowing money to invest or trade crypto is the same as gambling (not working) in my opinion, because crypto is like something that is very difficult to predict for price increases and decreases, we can't know when we will profit from this crypto trading.
Crypto investment is very risky and the only way to linit the risk is to invest in bitcoin on a long-term. If you have a means to pay back the loan without touching your bitcoin investment, because you have a means of income, you can go ahead to take the loan but not the amount that you will find difficult paying and it will affect you financially. However, if you don't have any means of paying back the loan, you shouldn't take a loan to invest.
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Crypto investment is very risky and the only way to linit the risk is to invest in bitcoin on a long-term. If you have a means to pay back the loan without touching your bitcoin investment, because you have a means of income, you can go ahead to take the loan but not the amount that you will find difficult paying and it will affect you financially. However, if you don't have any means of paying back the loan, you shouldn't take a loan to invest.
This is what I always say, if one does not have any means of financial backup, one should not think of taking a loan to trade because the market is very volatile to start with and it is not advisable to trade with funds you have high expectations on. As risky as the market, one can be liquidated at any slight mistake, and if this happens, there is no way you can recover your funds back hence it is advised to trade with funds you can afford to lose or your spare funds which you are not using at the moment.
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This is what I always say, if one does not have any means of financial backup, one should not think of taking a loan to trade because the market is very volatile to start with and it is not advisable to trade with funds you have high expectations on. As risky as the market, one can be liquidated at any slight mistake, and if this happens, there is no way you can recover your funds back hence it is advised to trade with funds you can afford to lose or your spare funds which you are not using at the moment.
Indeed, ideally when we invest in crypto, it uses free money, not money that is used for our daily needs. In this case, our money in crypto will not be disturbed when the market is dropping. Because we already have savings and also good finances. but sometimes life is full of surprises. unless at some point we really need money and there is no other way but to sell some of our assets, yes I will do it. because there is no other choice. and after that, let it happen and come back to add to the accumulation of investment again in the future.
And indeed, when there are good finances and we use funds that we can afford to lose, or the value drops in bearish times or in the market correction era, then we will always remain calm and not panic about the situation.
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This is what I always say, if one does not have any means of financial backup, one should not think of taking a loan to trade because the market is very volatile to start with and it is not advisable to trade with funds you have high expectations on. As risky as the market, one can be liquidated at any slight mistake, and if this happens, there is no way you can recover your funds back hence it is advised to trade with funds you can afford to lose or your spare funds which you are not using at the moment.
Indeed, ideally when we invest in crypto, it uses free money, not money that is used for our daily needs. In this case, our money in crypto will not be disturbed when the market is dropping. Because we already have savings and also good finances. but sometimes life is full of surprises. unless at some point we really need money and there is no other way but to sell some of our assets, yes I will do it. because there is no other choice. and after that, let it happen and come back to add to the accumulation of investment again in the future.
And indeed, when there are good finances and we use funds that we can afford to lose, or the value drops in bearish times or in the market correction era, then we will always remain calm and not panic about the situation.
using funds that we can afford to lose in investing in crypto is the right step, although all investors want to make a profit. but they will do it without burden and more focused on maximizing the profit from their investment.
good financial management will make our lives better, especially in investing in crypto which is full of risk.
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using funds that we can afford to lose in investing in crypto is the right step, although all investors want to make a profit. but they will do it without burden and more focused on maximizing the profit from their investment.
good financial management will make our lives better, especially in investing in crypto which is full of risk.
Agreed, Understanding and proper management of our finances provides us comfort when investing and even when investing in high risks. It suggest that using the funds that don’t have an impact on primary requirements, we are less under pressure in making decisions. Of course, the motivation is profit but the priority stays to have enough money to live on. By having the control over the amounts invested in fast moving investments we shall be in a better position to act rationally in handling them. Risk, in any opportunity, is always around and the only way to minimise them is to have more target oriented decisions. Perhaps, one should continue the search for the best opportunities not putting pressure on himself so that an investment becomes a part of life that does not burden life, but is united with it.
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This is what I always say, if one does not have any means of financial backup, one should not think of taking a loan to trade because the market is very volatile to start with and it is not advisable to trade with funds you have high expectations on. As risky as the market, one can be liquidated at any slight mistake, and if this happens, there is no way you can recover your funds back hence it is advised to trade with funds you can afford to lose or your spare funds which you are not using at the moment.
Indeed, ideally when we invest in crypto, it uses free money, not money that is used for our daily needs. In this case, our money in crypto will not be disturbed when the market is dropping. Because we already have savings and also good finances. but sometimes life is full of surprises. unless at some point we really need money and there is no other way but to sell some of our assets, yes I will do it. because there is no other choice. and after that, let it happen and come back to add to the accumulation of investment again in the future.
And indeed, when there are good finances and we use funds that we can afford to lose, or the value drops in bearish times or in the market correction era, then we will always remain calm and not panic about the situation.
using funds that we can afford to lose in investing in crypto is the right step, although all investors want to make a profit. but they will do it without burden and more focused on maximizing the profit from their investment.
good financial management will make our lives better, especially in investing in crypto which is full of risk.
Having good financial management is a good advantage when it comes to investment and financial spending. Many people do not have that knowledge and as such would need guide on financial spending so they do not make any reckless mistake that could cause them their money and resources.
It is normal that every investor has it in their ,find to make profit but the steps taken is what matters to making that profit they desire and if properly done, they would have it just as they have desired but a good management of resources ought to be the utmost concern when investing.
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This is what I always say, if one does not have any means of financial backup, one should not think of taking a loan to trade because the market is very volatile to start with and it is not advisable to trade with funds you have high expectations on. As risky as the market, one can be liquidated at any slight mistake, and if this happens, there is no way you can recover your funds back hence it is advised to trade with funds you can afford to lose or your spare funds which you are not using at the moment.
Indeed, ideally when we invest in crypto, it uses free money, not money that is used for our daily needs. In this case, our money in crypto will not be disturbed when the market is dropping. Because we already have savings and also good finances. but sometimes life is full of surprises. unless at some point we really need money and there is no other way but to sell some of our assets, yes I will do it. because there is no other choice. and after that, let it happen and come back to add to the accumulation of investment again in the future.
And indeed, when there are good finances and we use funds that we can afford to lose, or the value drops in bearish times or in the market correction era, then we will always remain calm and not panic about the situation.
using funds that we can afford to lose in investing in crypto is the right step, although all investors want to make a profit. but they will do it without burden and more focused on maximizing the profit from their investment.
good financial management will make our lives better, especially in investing in crypto which is full of risk.
We can never guarantee about profit from our investments. Investing in crypto is a good idea if you do your research well, especially for investors who can afford to lose money. It is true that the goal of all investors is to make a profit, but those who are aware of the risks while investing and are able to manage their money well will be able to be more profitable in their investments.
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This is what I always say, if one does not have any means of financial backup, one should not think of taking a loan to trade because the market is very volatile to start with and it is not advisable to trade with funds you have high expectations on. As risky as the market, one can be liquidated at any slight mistake, and if this happens, there is no way you can recover your funds back hence it is advised to trade with funds you can afford to lose or your spare funds which you are not using at the moment.
Indeed, ideally when we invest in crypto, it uses free money, not money that is used for our daily needs. In this case, our money in crypto will not be disturbed when the market is dropping. Because we already have savings and also good finances. but sometimes life is full of surprises. unless at some point we really need money and there is no other way but to sell some of our assets, yes I will do it. because there is no other choice. and after that, let it happen and come back to add to the accumulation of investment again in the future.
And indeed, when there are good finances and we use funds that we can afford to lose, or the value drops in bearish times or in the market correction era, then we will always remain calm and not panic about the situation.
using funds that we can afford to lose in investing in crypto is the right step, although all investors want to make a profit. but they will do it without burden and more focused on maximizing the profit from their investment.
good financial management will make our lives better, especially in investing in crypto which is full of risk.
We can never guarantee about profit from our investments. Investing in crypto is a good idea if you do your research well, especially for investors who can afford to lose money. It is true that the goal of all investors is to make a profit, but those who are aware of the risks while investing and are able to manage their money well will be able to be more profitable in their investments.
It is ideal for one to do a good research of the investment they want to go into because that alone could help them know better what is required of them to do, what they ought to know and also the best time to make such investment so it does not put them in a tight corner. However, one thing all investors should have in mind is that investment also involves risk too because irrespective of any research done on a project. Sometimes there might be some challenges while in the course of waiting for the investment to yield so all these things put together is the risk involve and in some cases, it does not go as expected of it to be.
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We can never guarantee about profit from our investments. Investing in crypto is a good idea if you do your research well, especially for investors who can afford to lose money. It is true that the goal of all investors is to make a profit, but those who are aware of the risks while investing and are able to manage their money well will be able to be more profitable in their investments.
In investing in crypto, we must do research and make analysis. and also have the right strategy and plan in order to maximize the profits we will get.
using money that we can afford to lose is a good thing, so it will not interfere with our finances for real life, of course our family's needs.
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We can never guarantee about profit from our investments. Investing in crypto is a good idea if you do your research well, especially for investors who can afford to lose money. It is true that the goal of all investors is to make a profit, but those who are aware of the risks while investing and are able to manage their money well will be able to be more profitable in their investments.
In investing in crypto, we must do research and make analysis. and also have the right strategy and plan in order to maximize the profits we will get.
using money that we can afford to lose is a good thing, so it will not interfere with our finances for real life, of course our family's needs.
Yes, investing can be risky if not well planned on the right place; therefore, strategizing before investing is a good way to avoid risks. Thus, having a plan become clearer and carry out studies reduces uncertainties in the decision-making process. The fact that the funds do not have an impact on the presentation of primary needs also helps keep worries at bay and so do not have financial pressure looming over us. Therefore every move is more moderated and offers a better opportunity for coverage to everyone in the manner expected. Hence managing finances properly in investment will not only leads to more benefits in the long run but will also ensure that the day to day activities are balanced.
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- It is really difficult when greed is practiced because it does not bring anything good to what we do for sure in the end. But if we practice good virtues such as self-control, self-discipline and for sure the result will be good.
Therefore, when we invest as investors, we must really know how to choose the right thing and have a basis for investing in this matter,
so that of course our capital will not be wasted.
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We can never guarantee about profit from our investments. Investing in crypto is a good idea if you do your research well, especially for investors who can afford to lose money. It is true that the goal of all investors is to make a profit, but those who are aware of the risks while investing and are able to manage their money well will be able to be more profitable in their investments.
In investing in crypto, we must do research and make analysis. and also have the right strategy and plan in order to maximize the profits we will get.
using money that we can afford to lose is a good thing, so it will not interfere with our finances for real life, of course our family's needs.
It is true that in other to invest in crypto, one must do their proper research to equip themselves with knowledge and information on the project they are about investing in which is very important. Doing a good analysis of the market trend if it is an old coin they want to invest in would help because that would give them knowledge and hints on when to invest better, sell, and take profit so they do not get trapped in their investment because business is all about profit for those who are ready to face the risk involved.
Investing in a business as volatile as crypto requires that one should use their spare funds or funds they could afford to lose if things go south with the investment as crypto is very risky and highly volatile. It can never be predicted so easily hence we are advised to use the money we cannot get worried about it there is a decline in the market or anything funny happens.
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- It is really difficult when greed is practiced because it does not bring anything good to what we do for sure in the end. But if we practice good virtues such as self-control, self-discipline and for sure the result will be good.
Therefore, when we invest as investors, we must really know how to choose the right thing and have a basis for investing in this matter,
so that of course our capital will not be wasted.
you are right greed will not bring goodness because greed will make us lose focus and get out of the target that has been set. We should be consistent in the target, because greed will make us lose the opportunity to get profit, the crypto market is very volatile should be careful in determining targets and can manage emotions.
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you are right greed will not bring goodness because greed will make us lose focus and get out of the target that has been set. We should be consistent in the target, because greed will make us lose the opportunity to get profit, the crypto market is very volatile should be careful in determining targets and can manage emotions.
Many top or professional trader never won't take risk by investing other fund in cryptocurrency, most of them understand well how risk by trading in bitcoin or altcoin. But if have small return profitable in monthly I think should acceptable during the other fund not ask higher reward return.
I don't think difficult reward return under 5% every month if trading using other fund, but right now many people want earn much return profitable in monthly and difficult to manage keep earn profit every day.
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- It is really difficult when greed is practiced because it does not bring anything good to what we do for sure in the end. But if we practice good virtues such as self-control, self-discipline and for sure the result will be good.
Therefore, when we invest as investors, we must really know how to choose the right thing and have a basis for investing in this matter,
so that of course our capital will not be wasted.
you are right greed will not bring goodness because greed will make us lose focus and get out of the target that has been set. We should be consistent in the target, because greed will make us lose the opportunity to get profit, the crypto market is very volatile should be careful in determining targets and can manage emotions.
Greed is one of the major problems people have, it has made people lose things as a result of them not being satisfied with the little they have gotten. It is not a bad thing to get more but the medium or process through which what one wants to get matters. Most times, people see the danger and the risk involved in what they are going into but greed will not allow them, some even go as far as deceiving themselves and lie with the sayings that say "risk takers are high gainers" which is true but they are just doing it the wrong way which is not safe and would cost them their efforts and whatever they have involved in the process.
The truth is that these sets of people, do not listen to advise, they would be thinking you do not want their progress and as such would not take what you are telling them and in some cases, they would see you as jealous of their progress and keep away from you or they start telling people wrong about you trying to deceive them not knowing you are protecting them till it is clear in their eyes that what you were telling them was accurate, that is when they would come back to their right sense.
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- It is really difficult when greed is practiced because it does not bring anything good to what we do for sure in the end. But if we practice good virtues such as self-control, self-discipline and for sure the result will be good.
Therefore, when we invest as investors, we must really know how to choose the right thing and have a basis for investing in this matter,
so that of course our capital will not be wasted.
you are right greed will not bring goodness because greed will make us lose focus and get out of the target that has been set. We should be consistent in the target, because greed will make us lose the opportunity to get profit, the crypto market is very volatile should be careful in determining targets and can manage emotions.
Greed is one of the major problems people have, it has made people lose things as a result of them not being satisfied with the little they have gotten. It is not a bad thing to get more but the medium or process through which what one wants to get matters. Most times, people see the danger and the risk involved in what they are going into but greed will not allow them, some even go as far as deceiving themselves and lie with the sayings that say "risk takers are high gainers" which is true but they are just doing it the wrong way which is not safe and would cost them their efforts and whatever they have involved in the process.
The truth is that these sets of people, do not listen to advise, they would be thinking you do not want their progress and as such would not take what you are telling them and in some cases, they would see you as jealous of their progress and keep away from you or they start telling people wrong about you trying to deceive them not knowing you are protecting them till it is clear in their eyes that what you were telling them was accurate, that is when they would come back to their right sense.
Greed is indeed the main reason on why people wont really be that contented on what they do currently have but instead they would really be that going even more steps or actions for them to have even more and this is why they would really be going up those options that taking up some loan or handling out others money or funds and promising out those returns. On the moment that they cant be able to provide or able to pay up on whats being promised on which we know that trading or any investment here on this market doesnt really give out any guarantees about profits on monthly. You would really be fucked up hard at the time or moment that you have lost those capitals that you had pooled on.
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When it comes to investments it's always advisable that you invest with your own money or from your savings that you have but going to get money from loan givers that usually adds over bloated interest on the capital given to you for for investments is something that no body should should agree to engage in because when it comes to investments two things are involved it's either you win or you lose so going to borrow money for investments purposes is not good because when the business for which you borrowed the money for doesn't work out the way you think you become a deptor and you will be under pressure to pay back the loan which you collected
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It is well observed worldwide that the bigger your capital, the corresponding bigger profits to be obtained.
From OP's topic, it is clear that the man needed more funds which urged him to go on borrowing from a Loan giver to enable him maximize profits.
He only forgot the principle of investing as much as you can afford to loss, I may likely not see him a as a greedy man, rather as somebody that doesn't have the right perspective to the crypto market.
I know people who also do borrow from others to make investment and they prosper, understanding when to buy and when to sell and also where, when and how to borrow from those you could pay off without heart attack.
The man just lacked proper knowledge and maybe he probably made investments at the wrong time and the market turned against him, but it's clear that investments can be placed on long term, so on the long run, he will probably see his profits.
But he may likely be unable to please whom he borrowed from to exercise as much patience as that.
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When it comes to investments it's always advisable that you invest with your own money or from your savings that you have but going to get money from loan givers that usually adds over bloated interest on the capital given to you for for investments is something that no body should should agree to engage in because when it comes to investments two things are involved it's either you win or you lose so going to borrow money for investments purposes is not good because when the business for which you borrowed the money for doesn't work out the way you think you become a deptor and you will be under pressure to pay back the loan which you collected
It is true that many people here suggest that we should invest with our own money, not from loans. As you said, we have to pay interest if we borrow money for investment, even though the crypto market is very volatile and we don't know exactly when the coins we buy will go up. So borrowing money for investment is very risky.
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When it comes to investments it's always advisable that you invest with your own money or from your savings that you have but going to get money from loan givers that usually adds over bloated interest on the capital given to you for for investments is something that no body should should agree to engage in because when it comes to investments two things are involved it's either you win or you lose so going to borrow money for investments purposes is not good because when the business for which you borrowed the money for doesn't work out the way you think you become a deptor and you will be under pressure to pay back the loan which you collected
Yes, it is better to use own money in investment since it is easier than working hard to meet the demand of a loan with interest. Unfortunately, being in the investment world, risks are always present and every time the outcome achieved is not up to par, the pressure due to debt might just be bigger than the loss itself. If the funds used come from own savings, then, at least, the actions made do not have a background of having to repay the money borrowed as soon as possible. Thus, it is a very useful idea to think twice before using the money of others in order not to have troubles in the future because of the decisions made.
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When it comes to investments it's always advisable that you invest with your own money or from your savings that you have but going to get money from loan givers that usually adds over bloated interest on the capital given to you for for investments is something that no body should should agree to engage in because when it comes to investments two things are involved it's either you win or you lose so going to borrow money for investments purposes is not good because when the business for which you borrowed the money for doesn't work out the way you think you become a deptor and you will be under pressure to pay back the loan which you collected
In some cases borrowing money for investment can be a disaster sometimes, must especially when you lose your funds talk less of profits. It is really not advisable for someone to take loan for investment because you don't know what the future may bring. And as an investor, you should have two expectations either gain or loss.
In a situation where you took loan and use your entire house as a collateral, hoping to pay back when you succeeded in your investment and you lose the money, what did you think will happen to you and your family, In the cases like THIS, you be the depress and it will cause you mental issue, because it will affect you economically, socially, psychologically and also physically.
Wise man says "prevention is cheaper and better than cure". So it is better to avoid taking loan for investment, to free yourself from this problems before it should be too late to cry when the head has been cut off.
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Seems like a story of a newbie who was lured by crypto with easy money. Probably got lucky and bought something on hype, got first easy money, felt like he is a real investor and started to buy without DYOR. As soon as market turned red, he has panicked and sold, then cowardly ran away. Probably even invested everything in one altcoin. What this story teaches us? To always master skills, do research, divide risks, be ready to face consequences and be responsible.
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If the money is not ours, we should not try and invest with such, no matter how convinced we are about the investment, but when it's our own personal money, we can take any decision on investment with the money at our own risk, investment is not what one can be hundred percent sure if it outcome and using other's people fund with us to invest is like taking a risk on others behalf and leaving them vulnerable, because once the money is gone we both faced the consequences together.
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If the money is not ours, we should not try and invest with such, no matter how convinced we are about the investment, but when it's our own personal money, we can take any decision on investment with the money at our own risk, investment is not what one can be hundred percent sure if it outcome and using other's people fund with us to invest is like taking a risk on others behalf and leaving them vulnerable, because once the money is gone we both faced the consequences together.
Yes, investment decisions should be made carefully, and this is more so when it comes to using the money of other people. This is true, despite the certainties that we have about an asset, whether it will achieve acceptable results or not is uncertain. Applying our personal money allows controlling the steps taken because all the potential risks in such situations are liabilities of the individuals involved. When it comes to using third parties’ money to invest it is worse since if there is a loss it will affect not only ourselves but others as well since they invested their money. Hence, it is more proper to invest using the money that we have or other investors have to invest without putting a strain on the finances in case of a loss.
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If the money is not ours, we should not try and invest with such, no matter how convinced we are about the investment, but when it's our own personal money, we can take any decision on investment with the money at our own risk, investment is not what one can be hundred percent sure if it outcome and using other's people fund with us to invest is like taking a risk on others behalf and leaving them vulnerable, because once the money is gone we both faced the consequences together.
do not use other people's money to invest in crypto, because the risk is very high. Because there is no certainty or guarantee that we will always profit. and the consequences we receive if we experience a loss are to replace other people's money, and this can worsen our relationship if we are unable to return it.
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If the money is not ours, we should not try and invest with such, no matter how convinced we are about the investment, but when it's our own personal money, we can take any decision on investment with the money at our own risk, investment is not what one can be hundred percent sure if it outcome and using other's people fund with us to invest is like taking a risk on others behalf and leaving them vulnerable, because once the money is gone we both faced the consequences together.
do not use other people's money to invest in crypto, because the risk is very high. Because there is no certainty or guarantee that we will always profit. and the consequences we receive if we experience a loss are to replace other people's money, and this can worsen our relationship if we are unable to return it.
That is a situation where we create problems, maybe it will not be a problem if we get profits quickly, but the market is not always friendly and we have to consider the worst situation that can happen to us.
What's more frightening is when our relationship will become bad with that other person. That would be something that would definitely be regretted in the end.
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What this story teaches us? To always master skills, do research, divide risks, be ready to face consequences and be responsible.
And most importantly, never take loans to make investments in volatile markets such as the cryptocurrency market because losses are inevitable and even the most experienced traders face losses sometimes, and this is the reason why it's said that one should only invest the money that they can afford to lose, especially if a person is involved in futures and margins trading where risks are generally higher than the spot market.
Even if someone wishes to trade in the spot market, they should still not borrow money from others on interest and tell them that they are going to give their money back with commission on top, and that too by giving them a specific deadline because in spot market, if you buy some coin and the market goes down, your money gets stuck until the market gets back up, and that can take years sometimes.
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Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
It is normal for investments to cause losses because they can deteriorate. Many people who invest study beforehand so that one day they don't have to accept harsh realities such as losses or the total loss of their money in a short period. Many people are tempted by get-rich-quick schemes, which is why they can easily lose their money quickly. It is better not to invest with a loan in cryptocurrencies because it is risky.