Do not borrow money to invest in crypto

[Rafiq]

Never borrow money from a bank to buy cryptocurrency. Only free money that you are not afraid to lose. Let it be less, but without risk!

You are absolutely right, I also believe that crypto should not be invested by borrowing from banks, individuals or institutions. The cryptocurrency market is always volatile; As you can benefit from this instability, you can lose your capital at any moment. So losing borrowed money can increase mental stress and damage the health of the body. Invest in crypto as much as you can afford.

[Galley]

Investing or trading with borrowed money is the stupidest thing to do when working with a cryptocurrency. This is tantamount to playing Russian roulette. You can win, or you can lose everything. In their right mind, this would not occur. Better little by little, but your own.

[Jaephoenix]

Well, borrowing money to invest in any business venture, not just cryptocurrency related, is risky. Even if you are very sure about the success of the business. But we take risks and the amount of risks taken depends on the risk appetite of the business person

[nicecrypto]

Investing or trading with borrowed money is the stupidest thing to do when working with a cryptocurrency. This is tantamount to playing Russian roulette. You can win, or you can lose everything. In their right mind, this would not occur. Better little by little, but your own.

I also support this idea but there could be a situation where I could borrow to invest only in Bitcoin or Ethereum because I want to minimize the risk. Say in Dec 2018/Jan2019 when Bitcoin was $3k+, we all knew the next would be upward movement even if it was going to take 2-3 years and that is something I would have borrowed money for if I had the access and we know what that result would have been right now. So it depends on your project, the timing and your access duration to the funds.

[Cutter Cute]

Everyone has a financial system scenario for short term or long term investment.
One thing I know is where we have to be smart about managing the money from the loan, if you are sure then do it and make sure the funds you borrow can be returned.

[Freemind]

Yes @Cutter Cute, we have to take into account several factors, but even so it is still very risky, especially for those who are inexperienced in buying cryptocurrencies and those who are inexperienced in trading, it is almost suicide.

[eldial]

Yes of course It is not easy to borrow money to invest in crypto because they did not know the day which is the blockchain cannot determined the value of coins releasing into the cryptocurrency day and day so that everyone will afraid to loan because of not  surely taken someday.

[Arkann]

Yes of course It is not easy to borrow money to invest in crypto because they did not know the day which is the blockchain cannot determined the value of coins releasing into the cryptocurrency day and day so that everyone will afraid to loan because of not  surely taken someday.

The fact is that taking a court or a loan in another way will not be difficult, especially if a person has the necessary documents. But first of all, the question is whether it is worth taking such a risk, because the risks in the cryptocurrency market are quite large, even if we see a clear bullish trend in the cryptocurrency market.

[labonikhatun]

Borrowing money to invest in crypto will put you in a lot of risk the crypto market is not stable. If you do not understand the correct signals of the market if you invest by borrowing money if the price goes down, you will not be able to repay the borrowed money and you will lose your capital. Learn the market well beforehand and invest with your own capital.

[tsakf]

Investing or trading with borrowed money is the stupidest thing to do when working with a cryptocurrency. This is tantamount to playing Russian roulette. You can win, or you can lose everything. In their right mind, this would not occur. Better little by little, but your own.

Yes, because, you have to return the borrowed. With your money, you can wait. You will have peace of mind too.

[ice18]

Actually this depends on a borrower if you are a skilled trader paying your loaned money on banks can be paid easily especially in this bull market you can even do it in 5 days since most coins right now is pumping hard but in bear market its not advisable.

[pacar_tiri]

Actually this depends on a borrower if you are a skilled trader paying your loaned money on banks can be paid easily especially in this bull market you can even do it in 5 days since most coins right now is pumping hard but in bear market its not advisable.

Borrow money for investment is too risky. As you said If you have  good skill as trader I think you can borrow money for your investment. But You should be careful because It is it your money. that's all

[Rain075]

Borrowing money from any source very risky because when you trade-in any trades, it would have brought you profits and losses. When profits that good but losses you should pay borrow money from others sources Very difficult.