Do not borrow money to invest in crypto

[Riya143]

I think it is possible to earn a lot more from the market. That is, by investing, holding, trading. I think it is possible to make a profit by trading every day. Different people in the market constantly choose cryptocurrency as a means of earning. So the demand for cryptocurrency is increasing day by day.

[Paglamon]

Since cryptocurrency has a high risk of borrowing. So one should not borrow to invest in cryptocurrency. If a person invests by borrowing, there is a possibility of loss. If the coin on which you will invest is damaged in the market, then that investor will suffer. So you should not borrow in the cryptocurrency market.

[hair]

I never borrow to buy crypto because the risk was too high. The interest generated from borrowing was also a lot. Wise choice to manage finances without borrowing

[MRM]

Foolish investors in the cryptocurrency market invest by borrowing. In other words, there is a possibility of profit and loss in the market. But I think investing in cryptocurrencies is very risky. But those who invest in overcoming fear can benefit. So not everyone in the market can benefit. I think one should invest wisely, without borrowing.

[juv3ntus1]

Yes definitely,invest only you can afford to lose,this is one of the most important rule for anyone who want to start to invest in coins ,cryptomarket is very instabile and any time can lose money.

[nelson4lov]

Borrowing or taking a loan and investing that loan in crypto isn't a really wise choice cause as you said the market is extremely volatile no one can really tell what's going to happen next, just because you see bitcoin is bullish doesn't mean it's going to be bullish forever, let's talk the people who fomo'd and bought bitcoin at the ATH in 2017 bull run, they had to wait 3yrs for the price of bitcoin to come back to that amount, debtor for 3yrs?,lol,nevertheless it's not wise to borrow to invest in crypto.

[gotbounty]

In fact, investing in cryptocurrencies is indeed a good choice. Even though it is high risk, if you want to learn and practice a lot in trading then you will definitely be good. However, it's best not to be too pushy to have to go into debt to be able to invest large amounts in crypto, that's a very high risk and I'm afraid it will be dangerous for you.

[gunhell16]

In my own assessment, literally borrowing money is not bad as long as you have the resources to pay the lending amount of money you get.  But if you don't have any resources only taking the risk to invest in cryptocurrency, I think that is the wrong move and decision you are going to make for sure in the end, unless you are an expert trader in this type of business industry.

[shadowdio]

I agree borrowing money just to invest in crypto is so risky. If you don't have money just don't force yourself to invest in crypto, it is not guaranteed that you can make profit in just a short time because the crypto is so volatile we can not predict the movement of it. You don't want to go in jail right?.

[expander]

Borrowing money is absolutely unnecessary in crypto investing. given that this crypto is an uncertain thing. So borrowing money will be a loss. Especially if the loan contains interest.

[pealr12]

I don't advice it, and it is not advisable to do something like that because of the risk involved, it is always better to invest what you can afford to lose, except you are very sure of what you you are doing,
Crypto investment is very risky and highly volatile which is why borrowing money from external source to invest is not a good ieldea.

[@chison]

We understand the market is volatile to double your risk of borrow money to invest. The fact still remain of the market move in your direction you will be very happy. Remember there is always risk in everything one can still risk to borrow money and invest.

[emmybd]

It has never been a good idea to invest in cryptocurrency by borrowing money. Because cryptocurrency is a very risky investment, things can go wrong anytime. If you have got spare funds, only then think of investing in crypto.

[Bobcrypto]

Business is pool of risk. To borrow money for bitcoin/altcoins investment may be very risky but at times, it can be very favorable. In which ways, it may sound very risky but it is not a bad idea to borrow money for crypto investments.
I have tried once, though I did not earn much because I have sell at all cost to pay back the loan which was on a short term basis. I think that borrowing on the long term is better for a good return.

[Condorlaib]

Observing what is happening today in the cryptocurrency market, as well as taking into account the predictions that have been voiced throughout 2020, confirmed by the growth of the Bitcoin exchange rate in recent months, many will still be tempted to take loans in order to profitably invest their money in Bitcoin and possibly get super profit in the coming months.