Do not borrow money to invest in crypto

[gunhell16]

Borrowing money to invest in a crypto is not a good idea instead it is a bad idea.
I experienced this matter before I borrowed money from someone here in the crypto industry,
Then, I used the borrowed money to trade in cryptocurrency of course for thinking that I can able to
multiply it more than 3x but in the end, I was wrong and failed in it, so I took it as a lesson learned.

[Confero]

Borrowing money to invest in a crypto is not a good idea instead it is a bad idea.
I experienced this matter before I borrowed money from someone here in the crypto industry,
Then, I used the borrowed money to trade in cryptocurrency of course for thinking that I can able to
multiply it more than 3x but in the end, I was wrong and failed in it, so I took it as a lesson learned.

That is the risk we will get if we borrow money for any activity in this Cryptocurrency, be it for trading or for long-term investment. It is not recommended, as you experience it, you have the wrong prediction and your money is lost. I am down concerned about this sad experience you are talking about, and don't let it happen again.

[ice18]

Not a good idea but we have to try risk inorder to succeed if you do not own money for example a business your tendency is to borrow on banks same in crypto its risky but what if we succeed? just think positive. 

[kulkhan]

You Told Absolutely Right, any one Shouldn't Borrow Money To Invest in Cryptocurrency. It is Highly Risky Place. When we Borrow Money From others then we fall into Tensions. And we will be Crazy then we will do mistake. It is Truth. So i think this kinds of work is very denarius for all of us.

[Master107]

Not a good idea but we have to try risk inorder to succeed if you do not own money for example a business your tendency is to borrow on banks same in crypto its risky but what if we succeed? just think positive.

Although it is risky if that is the only solution to hit the jackpot, then to borrow is the solution to try the winning position.

any one Shouldn't Borrow Money To Invest in Cryptocurrency.

Not always. It depends on the market flow and the person.

It is Highly Risky Place. When we Borrow Money From others then we fall into Tensions.

Risk never leave us. We calculate the risk. And then take the risk.

[Lanirex]

Borrowing money for crypto investments is tantamount to suicide, only stupid people do this. Cryptocurrency is very difficult to predict, right if our prediction is correct?  If wrong ...? Then we will lose the money we borrowed, and that will have a very bad impact.

[Master107]

Borrowing money for crypto investments is tantamount to suicide, only stupid people do this. Cryptocurrency is very difficult to predict, right if our prediction is correct?  If wrong ...? Then we will lose the money we borrowed, and that will have a very bad impact.

It depends. Not all who borrowed are stupid. Maybe it just happened that your standard is too high.

Make sure to hit the core and get the crown for the win. Yeah, we must not borrow money just for crypto investment but again, it depends.

[Evgenklm]

In any case, even when the market shows good growth, it is not necessary to trade with borrowed funds, this is a double risk, because you can lose your deposit, and the loan must be returned in any case.

[sidik7]

it's very high risk when borrowing money to invest in crypto,we need to pay attention to several important points namely that we must have the income to repay the debt but if we don't do that we will be confused. because in crypto conditions the value of crypto is very fluctuating.

[gunhell16]

Borrowing money to invest in a crypto is not a good idea instead it is a bad idea.
I experienced this matter before I borrowed money from someone here in the crypto industry,
Then, I used the borrowed money to trade in cryptocurrency of course for thinking that I can able to
multiply it more than 3x but in the end, I was wrong and failed in it, so I took it as a lesson learned.

That is the risk we will get if we borrow money for any activity in this Cryptocurrency, be it for trading or for long-term investment. It is not recommended, as you experience it, you have the wrong prediction and your money is lost. I am down concerned about this sad experience you are talking about, and don't let it happen again.

Thank you so much Sir for reminding me of this, I will keep these words of yours as one of the good advice here in the forum.
I think I have a new friend now in the house of altcointalks. I hope some of the members here will learn this on borrowing money to someone.

[Willitivity1]

Obviously a bad idea if you ask me, I don't think it's wise to borrow and then invest in the crypto market that is very volatile and can't guarantee you profit in return, I have heard about alot people who did this and only about 2% out of 100 end up being able to pay back the loan they got, due to the volatility of the crypto market investing in it is too risky.

[yohananaomi]

Obviously a bad idea if you ask me, I don't think it's wise to borrow and then invest in the crypto market that is very volatile and can't guarantee you profit in return, I have heard about alot people who did this and only about 2% out of 100 end up being able to pay back the loan they got, due to the volatility of the crypto market investing in it is too risky.

However, under current circumstances where investment becomes short term, it is not wrong to do day trading with the right way and correct analysis. If you are sure that there is nothing wrong with borrowing money, you are sure that what you will do has been analyzed correctly. It must be remembered that bitcoin has increased up to 7K $ a day, of course it is very exciting to be able to buy and sell at such a time, and remember that bitcoin continues to move up and down rapidly in recent months. bitcoin is already short term and not long term just long.

[TERMINO]

In any case, even when the market shows good growth, it is not necessary to trade with borrowed funds, this is a double risk, because you can lose your deposit, and the loan must be returned in any case.

I agree with you mate. To borrow money for trading is not really safe. I won't encourage to borrow money for trading or even for daily needs. Save yourself from .2 or .3 monthly percentage. It is difficult to pay the borrowed money once you don't have money. I recommend be contented and aim for the best according to what you can.

[Thymoty]

Not a good idea but we have to try risk inorder to succeed if you do not own money for example a business your tendency is to borrow on banks same in crypto its risky but what if we succeed? just think positive.

Yes, you are right, if we borrowed money to buy cryptocurrency a few months ago, now we can make big profits. So the point is to believe in yourself.

[Blue_sea]

Crypto currency is risky and volatile. Most of time no one can assume that what will be happen tomorrow. Today we see bitcoin price decreasing but last day most of us express that it will go up and reach at least $50000. But the present situations is different. In this situation if anyone invest by merrowing money then he will not imagine what will be his near future.