Do not borrow money to invest in crypto

[Galley]

Many people are very good at thinking in hindsight, when they took out a loan and bought cryptocurrency, they got the opportunity to earn twice as much. I just want to ask them what they would tell if there was a collapse. And about the same thing they wrote about, those who also wanted to make money in January 2018. Confusion and horror were in their words, remorse for what they had done, risking everything for the expected profit. And advice to everyone never to risk taking a loan for such events.

[Crypto Guard]

Basically, we should indeed invest in crypto according to the capabilities we have. Do not let us force things that we cannot afford. Moreover, investing in crypto is very high risk.

[saprakib]

I think this is very correct because this market is very much volatile so there is guarentee that you will gain from this market. On the other hand there was time limit to paid of borrow money so if you lose or did not achieve your targeted money form this market, this borrow will be burden for you and sometimes will reason for life risk.

So one should not borrow money for crypto investment.

thanks.

We have seen in past most of the successful investor sold their property to buy crypto .If you have enough amount of property you can take some risk to buy crypto we all know the market is volatile you can earn here from it and can loose many from it .It is too much risky to buy crypto to get borrow your amount and invest .If you loose your investment money you can be faced a huge tough situation .So think again and again to do like this .

[MrSpasybo]

I agree with the "Don't borrow to invest in crypto", even though I know that a few people have gotten rich by investing in crypto and they are fully able to pay off their debt.
Without crypto, we can still exist.
The crypto market is characterized by high volatility, so there is no guarantee that you will have a chance to make a profit in the crypto market to pay off your debt.
Crypto-assets may disappear within a few days, but your debt will remain.
I do not encourage us to borrow money to invest in a high risk market like crypto. Invest only amount that you are willing to lose.

In Vietnam, many people are attracted to the large profits in ponzi projects, they borrowed money from friends/family members to invest, and they have lost all that money. They hid their relatives about the loan, and now they dare not return home @@

[Arendra]

Because crypto is something that is uncertain, I think you should invest according to your abilities. You don't have to borrow or take debt to invest in crypto. Because it is very risky for you.

[Mexite]

I almost committed this same error but thank goodness that I returned the money almost immediately. I was really after the bull run but crypto is very volatile and risky. So I just limited my investment to what I could afford.

[Delgboke]

Borrowing money is not actually at the first place because if you borrow money to invest in a crypto project it may be too risk reason be that some project may fail and if that happens the person can run into depts, unles the is sure that the crypto project is going invest is going to bring huge returns then the person can go ahead and invest.

[wawan96]

investing in crypto if using borrowed money is very risky, don't be in a hurry to make a decision to make a lot of investments in crypto without learning and understanding the price and market situation it will only waste money and also will only suffer losses because of the lack of doubt about the cryptocurrency that has The price goes down very fast and the price goes up so fast, of course, will make more losses if don't have the patience to wait for the price to rise again.

[Carbitcoin]

Generally, borrowing or taking out a bank loan is always a very bad idea, no matter how you try to dispose of the funds received. But if we take into account the increased risk of activity in the cryptocurrency market, it is categorically impossible to borrow for investment in cryptocurrency. But there are cases that primarily depend on the experience and professionalism of the investor, who really knows how to analyze the cryptocurrency market and related projects, and then the profit can really be obtained thanks to credit funds.

[Thymoty]

I think that in investing, whatever it is, you must use the money that you have been willing to lose. So I think borrowing money for investment, especially investing in crypto is very stupid and unwise.

[Master107]

I think you should invest according to your abilities. You don't have to borrow or take debt to invest in crypto. Because it is very risky for you.

Yes, Invest what you can afford to lose, beyond that don't.

I almost committed this same error but thank goodness that I returned the money almost immediately. I was really after the bull run but crypto is very volatile and risky.

When borrowed for investment peace of mind is under attack. You will worry all the time. It is recommendable to wait for bearish before you buy according to what you can afford because crypto is volatile.

I think that in investing, whatever it is, you must use the money that you have been willing to lose.

We invest not for the lose. It is right to invest what you can afford to lose but don't willingly give up your money for loss. If you invest, you will fight the resistance for the win.
Currently I'm practicing investment starting from small amount. I have the mindset for the win. I'm not willing to loss my money unless I didn't anticipate the drastic fall. I want to earn small profit because someday the little will become big enough profit.

[zulfi125]

Borrow money for crypto is a big mistake in life; I have suffered this situation and suffer loss; I suggest to people who are borrowing money from friends or bank or any other resources, you have more experience to earn money from crypto investing in trading or holding then you should borrow and if you have no experience then should not borrow for investment.

[Lenipiw]

I think if money is then invested in the cryptocurrency market at a loss, it becomes impossible to repay that loan. So I think one should not invest by borrowing money from a sale. Because investing in cryptocurrencies has a high level of risk.

Users need to be careful. If borrowing is the cause of loss, then investing in it can lead to loss of life.

[I-Bit]

the worst way to invest in cryptocurrency is using your hot money and using money that you borrow. This is not a game or gambling where you can use it as you like. You must be careful and also wise in order to invest. Nothing good to get profits from a loan.

[Galaxy]

It is possible to make a lot more profit by investing. The first stage of investment may be a little less profitable, as it takes a long time for a user to understand the market when they are new to investing or doing business. As a result, new investors get less or less profit. However, the older the market, the more profitable it is to invest wisely.