Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MaMooN on September 03, 2018, 08:21:08 PM
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The most important rule in successful investment is not relying on loans in investment
Many people fall into the trap of borrowing and debt to invest money and set up projects for the hope that the investment will succeed
But the fact that the interest rate of borrowing is almost equivalent to what can be earned from the same investment
If you have debts, it is better to pay them and then start saving the amount of your investment
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It is quit dangerous to acquire loans and invest it into cryptocurrencies or other platforms especially when they lack the skills.
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Each investor has their own rule. Some investors we know of today did well with the loans they borrowed. Loans is not that bad as you mentioned.
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The most important rule in successful investment is not relying on loans in investment
Many people fall into the trap of borrowing and debt to invest money and set up projects for the hope that the investment will succeed
But the fact that the interest rate of borrowing is almost equivalent to what can be earned from the same investment
If you have debts, it is better to pay them and then start saving the amount of your investment
Yea you're right, I think some peoples don't know about little bit recommendation for investment in crypto, this isn't a rules but this like a guide to invest in crypto.
That is : "Only using money which you're able to lost", or the meaning is using a free money or that money you're not use for your needed in your life.
This is really recommended because invest in crypto os really danger for our financial system, don't make investment in crypto make your financial become broken.
As we seen, the price of crypto isn't stable at this time, and sometimes the price is down so far and the increase is just little bit.
And if you wanna choose ICO investment, this will be more danger than invest in crypto, because so many scams amn fraud ICO project which can stole your money easily.
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Never invest borrowed money in this market as this market is volatile and you can lose your funds in unforeseen circumstances. Always invest the funds here, which you can lose.
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Never use loan money to invest in this cryptocurrency. Because the risk is very high if we experience a loss when we enter the crypto network. Use your own money and free money. If you want to invest without spending money can be done by participating in the bounty program.
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very seriously if you invest by borrowing money, my advice fast to immediately pay off your debt and
if you want to invest better save or little by little and you have more money
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That is a bad way to invest as there is no way for you to see the future but can only predict and might fail, so start with whatever you have with you and maintain that till you are cool to go higher and feel comfortable not a way that you get your self in a mess and don't have anything to fall back on.
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Absolutely agree with you. Loans are a trap in themselves, and taking loans to invest in a cryptocurrency is a double trap. I have never taken loans in my life, because I know what it is. Credits can only be taken in exceptional cases, and then, if it is for a short time and you are confident of returning 100 percent. It is better to save money, to do less, but not to get involved with loans or debts.
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I also think that taking loans and borrowing money to invest in cryptocurrency is a very bad undertaking. In general, it’s better to get loans with non-binding
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Taking a loan and investing in cryptocurrency is a bad idea. The cryptocurrency market can not be predicted and therefore can be in a big loss.