my friend story why you should not invest in market with other people funds

[Agbe]

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

[Gposas]

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.

[dekafee79]

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.

[enwi]

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.

[Chilwell]

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.

[bitbit97]

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.

[Aanuoluwatofunmi]

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.

[enwi]

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.

[rizqillah]

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.

[ajiz138]

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.

[Alone055]

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.

[nomenclatur]

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.