Do not borrow money to invest in crypto

[Master107]

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.

Definitely, crypto investment is risky, how much more borrowing money for cryptos investment purposes.

To borrow is not recommendable most especially if you are not so sure to hit your goal.

Highly appreciated all of your responses.

[masterrex]

I think it depends on the person who did it. But I agree that we should discourage borrowing money to invest if you are just a noob. I recommend first to study more about cryptocurrency and how the market behaves and works before you can do that, But if you know already what you are doing I think borrowing is just alright since it's all your decision to make and you're old enough to do that.

[gurunanakji777]

One should not borrow money to invest in cryptos because its a highly volatile market and common investor who does not like risk are afraid of investing in such a market. If you have extra money that you don't mind losing, then you can invest because the risk ratio is very higher here on the contrary reward ratio is also higher.

[Sirait]

^ Don't risk what's uncertain, if you borrow money just to invest in crypto then you won't be able to make decisions with a cool head, you will only be very worried about your investment and will be very panicky when prices drop.

[ShadowCrypto]

Do not borrow money to make any kind of investment, it's really a risk, you have a deadline to pay it back, if the market goes down you will no do anything, and worst, you lose money and will get a debt.

[Master107]

^ Don't risk what's uncertain, if you borrow money just to invest in crypto then you won't be able to make decisions with a cool head, you will only be very worried about your investment and will be very panicky when prices drop.

No peace of mind all the time.
The face of the lender is always what you see.
Better think twice before borrow.
In case you can guarantee to win, then borrow now and pay later.

[Riya143]

A friend of mine invested by borrowing, he made a profit in 2016. But again invested in 2017 by borrowing from the bank. He lost in 2018. Now he has left the cryptocurrency market. That loss could not be overcome.

[tonymillions84]

There are lending platform on the crypto sector. the defi secctor is here to mitigate the aspect of borrowing from friends to invest in crypto. i have decided that i will not use my real fiat money to invest in crypto but what i have made from here. there are means of earning here by joining perfect and quality airdrops and bounties in here. they will get your money to invest around.

[masudginanjar]

I totally agree with you because cryptocurrency is full of uncertainty for the price, even if we borrow money to buy Bitcoin.
Bitcoin is indeed the number 1 coin, but if the price goes down, your borrowed money will also decrease in price.
Moreover, borrowing money to buy Altcoins under 100 Coinmarketcap and this is very dangerous.

[H2O]

Many cryptocurrencies business academy, institutions give lend ,borrow among the hunters, investos and traders. But I completely opposite of borrowing money from others sources. Because cryptocurrencies market always risky and unconditional. any things can happen anytime in cryptocurrencies market.

[robert20]

I also agree with you. Never borrow money or invest the any amount  of money which loss you cant bear. Only invest the amount of money of which if you lose all that money it will not have a big impact on your. Crypto industry is very risky so first learn and know more about crypto before investing

[Callisto]

I agree 100%, borrowing money for investments in which you are not sure, this is a collapse. Especially for beginners who have just entered the crypto world.

[smart_oa]

Some people have done it especially some noob who doesn't know much about the risk involved in crypto investment. Crypto is a great place for future investment but its risk ratio is also huge. No one should invest any of the money that they can not afford to lose. Your portfolio can be cut half in an hour.

[Seerge]

Yes, it would be ridiculous for us to borrow money for Crypto Investments. This investment is very risky, therefore we must not play games and must be careful when releasing our money, lest we lose our money in vain.

[Tnoy30]

Borrowing is a fools errand. I will never give priority to investing by borrowing. Because I think cryptocurrency investing is a lot more risky. So if you invest in something risky, the chances of profit and loss remain. So it is better not to invest by borrowing.