Do not borrow money to invest in crypto

[bmr]

I see some of crypto investor who are got looser due to the different reasons. If you borrow money for invest in crypto market and got loss then what will you do? We are always think that we will make profit but not think about the loss. If the money is borrowing then your loss will be dabble or more. So i request don't try to do it.

[Renampun]

If you are able to manage debt then it's okay to borrow money to invest in crypto...
but remember not to mortgage your home to invest in crypto because you will lose your place of residence when your investment is destroyed.

[Sammy9ce]

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?

I so much appreciate this, I've been with a friend willing to borrow just to invest in something he's not 100% sure of, respecting the fact it can crash and you lost... Is highly risky, we should avoid this.

[kent47400]

It is the same as entering into a circle of extraordinary greed.
If we borrow money to trade into cryptocurrency that is a lie.
Cryptocurrency is full of uncertainty and it is certain that Fiat is certain and the price is stable, so it is better to trade the real thing than we go in and trade in cryptocurrency resulting from borrowed money.

[Gurujebs]

Borrowing money to invest is highly risky, the future outcome of cryptocurrency you invested in is not certain even when you know the team behind such projects. Anything can happen just like bull run and bear market cycle that's why it's very essential every potential trader and investors must do away with such strategies.
Rather invest your own capital that you can afford to loose, though one shouldn't be careless. Guide it as if you depend on it to survive.

[legend45]

Personally, I have never borrowed money to buy cryptocurrency. Because I well understand that this is a big risk. Therefore, I make money in bounty companies and from there I invest in crypto from awards.

I agree mate, crypto currencies have big risk, Don't borrow money to invest in it . No guarantee to gain profit. Cryptos are very volatile.

[StreakW]

Crypto investment is unpredictable, the price can dumped sharply so is not a good decision to borrow money to invest in it. Invest only if you afford to lose. Never ever use the main funds

[Sentinel]

If indeed you believe you can manage crypto assets well, then this is not a problem. What is clear is that you cannot be greedy when playing crypto. Because it will be very detrimental for yourself.

[zilzylian]

-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?

I am grateful that until now I have not borrowed money from anyone.
I buy something by saving money and will not force my will if I can't afford to buy, invest or other risky things, which lead to big losses.
Suicide is an action that can harm everyone, especially family, because when we die, the debt will still be inherited from the family to be able to pay it off.

[Master107]

I am grateful that until now I have not borrowed money from anyone.
I buy something by saving money and will not force my will if I can't afford to buy, invest or other risky things, which lead to big losses.
Suicide is an action that can harm everyone, especially family, because when we die, the debt will still be inherited from the family to be able to pay it off.

Absolutely, debt is disturbing. You could not sleep well every night thinking how to pay it. As much as you can always do your practice.

Yeah, suicide cannot stop all the burdens. Killing own life never be good unless for the soldiers who are in suicidal attack. Debt is not worthy with exchange for life.

[vitek146]

Not the best way to borrow money for dating or investing in cryptocurrencies, as it is very dangerous and without great knowledge, understanding how the market and cryptocurrencies work and in-depth analysis. But still there are cases when investments can bring you x5-x10 about your investments and to give the opportunity to make good money, like the same bitcoin in the spring of last year at 4K. You need to weigh the pros and cons and decide whether it is reasonable and necessary.

[Mbah Jenggot]

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?

I think It is not a good idea,  borrow money to invest in crypto.  Crypto currency is unpredictable and more risky.  I think You should used  your free money to invest in. If you don't have money you can join bounty here and get your tokens.

[Evgenklm]

In any case, borrowed money is not desirable in investments, and if even with a cryptocurrency that so likes to surprise with its volatility, in general, the cryptocurrency will go down, the money will approach 0, and the debt with interest will remain.

[Octoalts]

In any case, borrowed money is not desirable in investments, and if even with a cryptocurrency that so likes to surprise with its volatility, in general, the cryptocurrency will go down, the money will approach 0, and the debt with interest will remain.

Yes.. it is true, investing with borrowed money will have two worries.  We have to think about repaying the debt and we will think about our investment will gain or lose.  Moreover, this Cryptocurrency investment has a high risk, so it is not recommended to borrow money to invest in this Cryptocurrency.

[therozaq]

In any case, borrowed money is not desirable in investments, and if even with a cryptocurrency that so likes to surprise with its volatility, in general, the cryptocurrency will go down, the money will approach 0, and the debt with interest will remain.

Yes.. it is true, investing with borrowed money will have two worries.  We have to think about repaying the debt and we will think about our investment will gain or lose.  Moreover, this Cryptocurrency investment has a high risk, so it is not recommended to borrow money to invest in this Cryptocurrency.

Yes I agree, It is not recommended to borrow money to invest in crypto currency. It is really more risky. I think We have free money to invest in crypto currency. Or you can join bounty and get tokens the  use it for invest.