Do not borrow money to invest in crypto

[Fivestar4everMVP]

I've made this mistake once and I regretted it, trust me, it's a very bad idea to borrow to invest in any program at all, not just crypto, you've already been told to only invest what you can afford to loose and borrowing to invest is like one signing his or her death warrant.

[Master107]

I've made this mistake once and I regretted it, trust me, it's a very bad idea to borrow to invest in any program at all, not just crypto, you've already been told to only invest what you can afford to loose and borrowing to invest is like one signing his or her death warrant.

Experienced is a teacher.
Always be the saying; invest only what can afford to lose.
Although not recommendable at all but somehow to borrow is depends on our condition.

Not signing his/her death warrant rather just regrets.

[hushpupppy]

It is a bad attitude to borrow money to trade crypto currency because it takes your peace and leaves you emotionally imbalanced; instead of focusing on consistency and taking swift profits; you end up being under pressure to make profits by any means. Your capital; your peace; a loan, a burden. Choose wisely.

[NoriKure]

Borrowing money from others to invest in cryptocurrency is a risky move. Not only because crypto market is volatile - one day it goes up, thinking maybe that this is it, the next day bam! You're left with nothing and a debt to pay. But you also gotta remember what they always say "INVEST ONLY WHAT YOU CAN AFFORD TO LOSE." And with your own money. Just because you heard people talking about market going up, doesn't mean you gotta jump in - you gotta understand what's going on in the market... So if worse comes to worst, you've got no one else to blame but yourself and accept it as a lesson.

[UNIVERSE]

I am personally one of those who will not borrow money for investing in crypto. Although it is very promising and potential investing in Bitcoin to get higher [rpfits. it is too risky. We may analyze the market, But how if the loan interest is not enough completed by the profits of the loan?

[debra]

It will depend on how good someone can manage the loans and can trade or invest in crypto and then take more and or profits every day. They must be also ready for all risks that they may get. Crypto is volatile and if we do not know exactly what crypto, we may be trapped only in Fomo.

[vanjava]

I strongly do not recommend beginners to invest using borrowed money, because the risk of investing with their own money is large, especially with borrowed money, the risk is very large, but it doesn't matter when you are an expert in investing because you know which ones are worth investing in.

[Sahilmetraniya]

Yes definitely because all time you will not get profit whenever you get profit you also get loss some time and that time borrow money will be all been used you have no option to trade and only see market.

[marcsymons]

It will be a never ending marathon for you once you will just borrow money for investment specially in crypto. Except if there is no monthly interest obligation involved then to borrow is a good thing to do but if there is a monthly payment obligation then it is not really feasible specially if you joined an investment with no guarantee of monthly earnings.

[labonikhatun]

If you have a source of income from which you can earn monthly income then borrow money to invest in crypto but if you have no income and want to repay the investment it will put you at risk there is no right time to make a profit by investing in crypto. After the market needs to wait a long time for not stabilizing if there is a way to earn money from sites other than crypto it will be possible to easily repay the loan by investing.

[juv3ntus1]

Total agree, always invest only you can afford to lose because cryptomarket is very volatile ,look what happen in 2018 ,you can lose all your money very quickly.

[Fenix]

In no case should you borrow money to invest in cryptocurrency. Investing in cryptocurrency is always a decent risk. Taking out a loan and investing in a risky business has never been a smart choice. In cryptocurrency, you need to rely only on your own money, because this market is almost difficult to predict. And the borrowed money will need to be given regularly and with interest.

[tervel]

There are stories of people taking out mortgages to invest in bitcoin. A crypto crash might still produce adverse economic effects, so it’s worth thinking about what happens if investors decide to stampede out of bitcoin.

[Pheonyx]

Borrowing is totally risky that is why when you borrow in Binance they give you a warning that borrowing is too risky and not good for newbies.  Better to use your own money and don't desire higher amount for investment or for trading.  Atleast you are safe from higher possible loss and the interest of the amount of the money you borrowed.

[GREENch85]

On the one hand, investing only those funds that are not critical to lose is a good advice, but with this approach, many will treat crypto investing quite differently (more frivolously). In other words half measures are a dubious option to achieve your goals