Do not borrow money to invest in crypto

[Istiak]

The market is volatile uptrend now downtrend later.
Too risky with respect to investment especially for beginners. Aside from reading, beginners wants to invest to earn money due to what good and easy thing they have heard from seniors earning money in cryptocurrency investment. They thought it is just easy as they think.

When the market is on progress to pump and you aren't sure if bullish will take place in the next days.
Don't borrow money to invest in cryptocurrency. It is not recommendable to borrow money from your friends to invest in volatile and soo risky place. Save yourself from dept and interest. Do not invest the amount of money you cannot afford to lose.
Ask yourself if you deserve to invest the money you borrowed and what if you will not succeed? Can you handle that and will not think to suicidal thoughts?

Many people lose their money or took high losses because they try to chase the market. No trader should chase the market and should always book profits if they are in profits. Also, crypto market offers high rewards but with high risk. So we should not put any money that we can not afford to lose.

[aarif123]

I am fully agree with you three years ago I had read a story of a person who sold all of his asset including bike,car and even his house he accumulated around $17000 and then he invested in bitcoin and some other altcoins when market went down his $17000 became $5500 because he bought in November 2017 when market was coming down so always invest which you can afford to lose

[Malam90]

I have been trading in share markets (stock market) in my country. I have seen many investors to sat on road when market collapse and brokers sold their stocks to cover borrowed money without informing the investors. Some investors suicided after this incident. I never borrowed any fund. So i have recovered my funds after purchase and hold the stocks in few years but those who borrowed funds, lost their capital and borrowed all. So, borrowing money is a very bad idea in trade whether crypto world or real stock market.

[Rafiq]

The market is volatile uptrend now downtrend later.
Too risky with respect to investment especially for beginners. Aside from reading, beginners wants to invest to earn money due to what good and easy thing they have heard from seniors earning money in cryptocurrency investment. They thought it is just easy as they think.

When the market is on progress to pump and you aren't sure if bullish will take place in the next days.
Don't borrow money to invest in cryptocurrency. It is not recommendable to borrow money from your friends to invest in volatile and soo risky place. Save yourself from dept and interest. Do not invest the amount of money you cannot afford to lose.
Ask yourself if you deserve to invest the money you borrowed and what if you will not succeed? Can you handle that and will not think to suicidal thoughts?

Your advice is very valuable, thank you. Because the cryptocurrency market is always risky and volatile. If you invest here, there is a chance of earning more in a short period of time and there is a possibility of losing capital at any moment. So I also think that everyone should invest the amount of capital that they can afford to lose, never borrow or invest more than others. Greed in crypto should be curbed, otherwise it will suffer.

[robelneo]

It's very risky and it's like suicide because there is no sure profit in the Crypto market, you will end up losing everything here if your investment is coming from a loan, and you will end up paying for the loan because you cannot make a profit and you cannot sell it at the time you want it.

[Master107]

It's very risky and it's like suicide because there is no sure profit in the Crypto market, you will end up losing everything here if your investment is coming from a loan, and you will end up paying for the loan because you cannot make a profit and you cannot sell it at the time you want it.

That's the other face borrowing money for investment.
Some of us here thinks differently maybe because they can manage to read and technically analyze the market flow and how the tokens behave. Being sure of what they hope to earn they borrowed money for investment because they are so sure to win the profit.

My advice, if you/I are not master or knowledgeable enough  to read how to analyze the next performance of the price, better not to borrow.

[yohananaomi]

That's the other face borrowing money for investment.
Some of us here thinks differently maybe because they can manage to read and technically analyze the market flow and how the tokens behave. Being sure of what they hope to earn they borrowed money for investment because they are so sure to win the profit.

My advice, if you/I are not master or knowledgeable enough  to read how to analyze the next performance of the price, better not to borrow.

Friend's suggestion above is certainly very good and needs to be observed for those who are not really familiar with the movements and analyze the market that is happening.
because borrowing is of course with risk, especially if it is with interest, obviously it will be detrimental if you miscalculate.


but maybe there is very sure, if this happens like now of course it is clear that you will receive very large results and be able to return and make your own capital. but of course you have observed and understood the situation and market situation, obviously that is one of the capabilities due to being in crypto for a long time.

[Gurujebs]

Borrowing money into cryptocurrency is just like digging ones grave and it's one of the stupid thing one would consider in cryptosphere. It's not advice able to use the money that don't belong to you into a risk that you don't know the outcome.

If I should used my self as example how I lost my money to corona market collapse, I believe the owner of the money would be chasing me by now.

[pelana vreo]

-snip-
Don't borrow money to invest in cryptocurrency. It is not recommendable to borrow money from your friends to invest in volatile and soo risky place. Save yourself from dept and interest. Do not invest the amount of money you cannot afford to lose.
Ask yourself if you deserve to invest the money you borrowed and what if you will not succeed? Can you handle that and will not think to suicidal thoughts?

True,Since your Post appeared, the Bitcoin Price has still not reached its highest price, but currently the price is high and of course getting profitable returns
nothing guarantees us a profit when investing in crypto, but by studying the level of risk like your post, I think someone will better understand how they manage their finances for investment and the necessities of daily living.

[Cryptoz]

Exactly it is risky enough.
But for those who are at least an experienced trader, this may work by loaning some money and then make it for the daily trader. But of coruse we must be ready for the risks. and not loan too much that you cannot afford exactly to pay again including the interests

[Niloy]

It's very risky and it's like suicide because there is no sure profit in the Crypto market, you will end up losing everything here if your investment is coming from a loan, and you will end up paying for the loan because you cannot make a profit and you cannot sell it at the time you want it.

That's the other face borrowing money for investment.
Some of us here thinks differently maybe because they can manage to read and technically analyze the market flow and how the tokens behave. Being sure of what they hope to earn they borrowed money for investment because they are so sure to win the profit.

My advice, if you/I are not master or knowledgeable enough  to read how to analyze the next performance of the price, better not to borrow.

I definitely support your suggestion.  I would say you have to make sure you analyze the fact that you are really getting something from this khan.  And if you don't analyze your ideas about this, then you are more likely to suffer from it.  So whatever you do, you have to analyze it well to make sure that you get a result.

[Kevin White]

Borrowing money for their further investment is very risky. It is best to always have a reliable financial cushion with you in case of unforeseen circumstances. However, if you have quite a lot of experience in investing and trading, you can easily increase the borrowed capital and come out with a big plus. You also need to choose the investment object correctly. I will try to invest in XX Platform.

[Vx1]

Cryptocurrency investment is an investment that has a very high risk, if we want to invest here with borrowed money then it is a very brave decision.  Because if we predict wrongly then our money will be lost, won't that add to the problem for us.  We recommend that if we want to invest, then use cold money, so that if there is loss we are not too sad.

[Bony11]

Of course I think a lot of risky investment to invest in money is a job. In that case, there is a lot of experience or knowledge about investing in any trader or investor. Then he can increase the amount of money on the money that lensed. But I will say that if investment, it must be invested in the Exchange Platform.

[Bony11]

It's very risky and it's like suicide because there is no sure profit in the Crypto market, you will end up losing everything here if your investment is coming from a loan, and you will end up paying for the loan because you cannot make a profit and you cannot sell it at the time you want it.

That's the other face borrowing money for investment.
Some of us here thinks differently maybe because they can manage to read and technically analyze the market flow and how the tokens behave. Being sure of what they hope to earn they borrowed money for investment because they are so sure to win the profit.

My advice, if you/I are not master or knowledgeable enough  to read how to analyze the next performance of the price, better not to borrow.

Yes, then you must have a lot of experience or good knowledge about investing. You need to analyze the project so that you can definitely benefit from investing in this project.  Then I would say that it would be right to invest with the money you borrowed.