Do not borrow money to invest in crypto

[gourav787]

Personally I never believe that this is good if we take loan for investment or trading purpose . Their is a lot of method by using them we can easily make a good profit , then we can used that fund for investment purposes.

[Vasyak]

If you have a strong desire to invest a lot of money, you can make do with margin trading. This is safer than borrowing from friends or taking a loan from a Bank. The loss will not amount to more than you have.

[Dociko]

Borrowing and investing can be detrimental or threatening to any individual. So I think borrowing should not be invested. Borrowing and investing in the cryptocurrency market is likely to be a loss. Because the prices of cryptocurrencies fluctuate constantly. So I don't think it's good to borrow.

[Cinno3]

I never support borrowing. Because the risk of such profit is much higher in the cryptocurrency market. Similarly, the risk of loss is much higher. The pros and cons of the cryptocurrency market will last forever. So if a person invests by borrowing, there is a possibility of loss. There will be a possibility to benefit again. So I would be 50% risk.

[fgh]

I believe that sometimes you can still take out a loan to trade cryptocurrency. What are these cases? For example, when you trade with leverage, you are actually using credit. This loan is provided by the exchange. Moreover, its conditions are much more stringent than in a bank.

[Prime]

This is a very common mistake and belongs to big mistakes when somebody investing or trading in crypto using loan money. Why we do not know about the result. Sometimes, it may give you big profits. but also it may give you risks of losing your money. So, loading from banks or others to make as funds of investment will not work moreover this is not exact

[Quart]

I agree that it is not a good idea to get a loan for crypto investment. It is better to invest in crypto with our extra money, it is much safer. I also do the same thing, I never borrow money from banks, family, or close friends for crypto investment. It is too risky for us to use loan money for crypto investment. No guarantee to be always successful guys!

[sampoerna]

That is right. I also really avoid loaning money to be funded for investment. I can't imagine if I lose the money and get difficulties in paying the money back to the bank every month. And it is very diffcult. I will ever be trapped in this kind of situation and won't let it break again my life

[ayatoslaw]

I believe that sometimes you can still take out a loan to trade cryptocurrency. What are these cases? For example, when you trade with leverage, you are actually using credit. This loan is provided by the exchange. Moreover, its conditions are much more stringent than in a bank.

In some cases loan funds to invest and trade is good if we understand market trends.
But basically this is not recommended, because the risk of investing and trading in cryptocurrency is very large, not only that in trading or investment management, it is not recommended for someone to use loan funds, because it will disturb emotions so that they will easily panic and cannot be calm with market movements.

[Fenix]

Personally, I have never borrowed money to buy cryptocurrency. Because I well understand that this is a big risk. Therefore, I make money in bounty companies and from there I invest in crypto from awards.

I also prefer doing.  I try never to borrow money at all and rely only on my own funds, which I can control.  Moreover, it is not worth borrowing or borrowing money to invest in cryptocurrency.  In addition to a certain risk, cryptocurrency is very difficult to calculate, not only in relation to the periods of its growth or decline, but also their duration.  I have already heard about many cases of loss of money invested in cryptocurrency, which was previously taken on credit for the backdrop of my home or other property.  It's better not to take risks and not get into such situations.

[Abubakar56]

That's the advise I always give the newbie trying to join cryptocurrencies!!! Cryptocurrency is not that easy the way people talk about it you need lots of experience before you can start trading cryptocurrencies because you can lose all your money within days!!! So I will always advise people not to borrow money to trade and not to use there life savings to trade!!! You should always trade what you can afford to lose.

[monig18]

This is million Dollar advice.Investing in Crypto with Borrow money is not a wise Decision.Earning in crypto is not so easy. There is always a high Risk in this market like sudden dump and unfortunate Hacking of an account or An exchange. We should invest those money which is not in our Daily use.

[Quantum X]

Borrowing money just to invest in bitcoin or to any crypto currencies is an entry into 2x risk even we can have the chance to earn yet the unsure time makes the interest of your borrowed money rise to a double amount.

[Tanimariya]

Borrowing and investing are the first signs of loss. So I don't think he should invest. If you invest by borrowing, there is a possibility of loss in investment. So everyone should refrain from borrowing and investing. I never borrow for investment.

[Lorix]

I do not support borrowing. Investing requires intelligence and knowledge of the market. I think those who invest by borrowing make a profit but make a good position later on. However, if there is a possibility of loss, then the reason for the debt is that the person is expelled from the market.