Do not borrow money to invest in crypto

[vegasus]

Exactly true. Some people may think that they will be rich in a short time because of crypto, so they loan the money from banks or other parties and then buying coins. In fact, they do not know how the crypto works, and volatility is very high. So, there are many people that are stressed because of this, loaning money and they don't get their money back or lose the funds to pay the interest and loan.

[Alter]

Personally, I refuse to get the loan money for crypto investment. It is too risky because investing in crypto has no guarantee if we will get big profits. Instead, many people get losses or don't get enough money as profits. So, try to get the loan money just to add more risks in crypto investment.

[Tanimariya]

I think it is possible to make a lot more profit by investing in the cryptocurrency market. But the right decision needs to be made at the right time. If you want to invest in the market, you must have knowledge about the market. However, investing in cryptocurrencies is risky. So I think borrowing should be refrained from investing.

[ayatoslaw]

So, try to get the loan money just to add more risks in crypto investment.

Most investors only think about profits without thinking about losses, that's why so many investors choose to go into debt with the hope of getting maximum profit, but when the reality doesn't match their expectations, they just realize.
however the circumstances do not ever trade or invest with loan money, because the risk you will have will be greater.

[Ace H Knows]

I dont think so, I was borrowed my first capital particularly I loaned the amount needed, But until now I have not encountered any problem I was successfully paid my loan obligation, the lesson I learned is it is not about the amount or where it came from the more important is you are knowledgable of what you are doing. 

[Master107]

I dont think so, I was borrowed my first capital particularly I loaned the amount needed, But until now I have not encountered any problem I was successfully paid my loan obligation, the lesson I learned is it is not about the amount or where it came from the more important is you are knowledgable of what you are doing.

I agree, knowledge is necessary before borrowing money.
It is tough to borrow money.
Pretty sure you wasn't at peace back on your first stage when you've borrowed. Strong will is needed to do that.
Also it depends on our ability to pursue the plans accordingly.

[Callisto]

You never need to borrow money to invest, because you can get into a debt hole. Investments are risks that need to be analyzed and the right decision to be made, when there is no hard-earned money, you should not enter the market or the stock exchange through credit funds.

[Delgboke]

Borrowing money is not even encouraging at the first place so looking at how risk the cryptocurrency market are you will know that borrowing money to invest in cryptocurrency don't even think of that but if you can meet up to pay back depending on the crypto project you put your investment.

[Master107]

You never need to borrow money to invest, because you can get into a debt hole. Investments are risks that need to be analyzed

Borrowing money is not even encouraging at the first place so looking at how risk the cryptocurrency market

We should not borrow money not unless we are so certain to the win to win result. If to borrow is the solution to hit your goal, then I think you should take the risk. It is not bad at all.
Because sometimes it depends on our ability and assurance for the win not for lose.

[theflashbutchill]

I feel like borrowing money for investment (in general, not only in crypto) is wrong on a cosmic level... Like, these money are not yours and you have no guarantee you'll have them back, so you basically rob the other person. You might get a profit of course, but it's a huge gamble.

[DogeTalk]

It's funny to see people borrow money to invest especially in crypto. I prefer to set aside my salary to buy crypto every month or participate in a bounty to get crypto. It's easy to do if you want crypto without having to borrow money

[Gostudio]

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.3ee33

Well said sir. It is really true, Crypto-assets may fluctuates for a while or for a few days, but your debt will remain. I always notice also that you're always mentioning this words sir ' Invest only that amount that you are willing to lose. It is really good quotation specially when it comes to this forum. By the way I really discouraged people who is planning to borrow money just to invest in crypto.

[Vasyak]

You should only borrow money if you are sure of what you are doing. In cryptocurrency, you can't be sure of anything. Therefore, it is best to follow this recommendation at all times.

[mianvicky1]

Not only for crypto i think for any investment borrow momey is not a good choice. The reason is some investors are just want to invest they did not read any thing about project. And some times your investment go down and you lose your money.

[Galaxy]

Not only for crypto i think for any investment borrow momey is not a good choice. The reason is some investors are just want to invest they did not read any thing about project. And some times your investment go down and you lose your money.

Borrow for any investment or work or need is called foolishness. Borrowed money can be understood later. Because later if the investment is not successful, there is a high level of risk, then the debt will become a burden. So I think borrowing should not be invested.