Do not borrow money to invest in crypto

[Master107]

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.

There is one way to invest without money on hand that is to Participate in bounties. Once the payment received and the token is valuable. Set apart some for investment.

As much as possible if not necessary do not borrow money.

[tonymillions84]

you can only borrow if you really good and knows how to make use of your funds. trading can be dangerous and can also be profitable. some one borrow over 20,000 usd last december to trade btc. currently he has recovered the funds and he was successful. i doubt if many can take such risk. also i think crypto will do perfectly well this season. but we don't know the particular token that will moon.

[Marivic27]

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?

  Yes i agree on that borrowing a money to invest in crypto is really a very risky dicision, we can start investing invedting a small amount rather than borrowing money because the crypto market is really unstable and if we dont have patience we will surely loss at the end of the day.

[zilzylian]

There is one way to invest without money on hand that is to Participate in bounties. Once the payment received and the token is valuable. Set apart some for investment.

As much as possible if not necessary do not borrow money.

That's true, but we spend a lot of time on bounties and need money to pay internet bills every year.
Borrowing money for investment is very risky because we have to pay a lot of needs in order to still be able to make ends meet

[Cryptolover5]

Borrowing money to invest isn't a wise idea because market is volatile and can move in the opposite direction so it's better to invest what you have and be sure it's what you can afford to loose except for an experts who analysis the crypto very well and knows when to enter make out profit and leave,  even experts also do risk management because the market movement can not be predicted perfectly.

[Altcoin1998$]

Borrowing money from others sources for trading and investment is more risky than profits. I can't support borrowing money from others sources. If I get losses, what's would be happened my fate!!!

[alltalk]

I agree with you. Never try to borrow money for the crypto investment, there is no guarantee that you will get profits for your investment. The volatility in crypto prices is very high, the prices can change very fast in the market. It is better to invest or to buy crypto coins with your extra money, which means the money that you can lose at any time.

[Baroksz]

borrowing money from other people should be used to buy books, computers, the internet, and other equipment for facilities for me that's wiser.  because if the proceeds from borrowing are used for investment, uneasiness will arise when prices fall, anxiety and uneasiness.

[dekafee79]

borrowing money from other people should be used to buy books, computers, the internet, and other equipment for facilities for me that's wiser.  because if the proceeds from borrowing are used for investment, uneasiness will arise when prices fall, anxiety and uneasiness.

Yes, borrowing money to invest in crypto is too risky.  crypto currency is high on volatility. I think if you don't have money, you can join bounty here and get tokens. You can convert your tokens to coin which do you like to invest.

[Black ID]

It is too risky to owe money to invest in crypto. Because crypto is something that is uncertain, it should be just what it is, we don't have to be greedy.

[Master107]

It is too risky to owe money to invest in crypto. Because crypto is something that is uncertain, it should be just what it is, we don't have to be greedy.

Borrowing money for crypto investment doesn't mean greediness. Investment is about strategy and technical with critical thinking to overview the possible increase nor decrease moment and when it should be.

Yeah, crypto is volatile but also the place where we can earn profit doing trading and hold the potential tokens that could pump in the future.

[LaZim]

you can only borrow if you really good and knows how to make use of your funds. trading can be dangerous and can also be profitable. some one borrow over 20,000 usd last december to trade btc. currently he has recovered the funds and he was successful. i doubt if many can take such risk. also i think crypto will do perfectly well this season. but we don't know the particular token that will moon.

It depends on the percentage at which the loan was taken. And what nerves the investor has. If you take bitcoin on credit for 20,000 at the end of 2017 at 30% per annum, then even now this person has not made a profit.

[xanxus.kun]

Definitely, never ever borrow money and put it in crypto currency! Work for it, use your hard earned money even if its a little. Remember, this is a volatile market and only invest what you can afford to lose. Borrowing money is a big gamble, risking it here won't be a good idea.

[Emmanuel Christopher]

Borrowing money to invest is really  a bad idea and might be very risky, in crypto its advice able to invest what you can afford to loose,  the market can't be predicted perfectly so that's why we trade with what we know won't affect us badly if we loose to the trade.

[Bit]

Many people take high risks on crypto, moreover in this starting time for altcoin season. One of them is by loaning from the bank, selling what they have. I think this will depend on somebody. However, what I can note is that we need better to use our own money, money from bounty rewards, and others although small amount but they will be more valuable.