While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?
Well, I personally don't use loan money for my crypto investments since I do crypto for a crypto here in this industry especially nowadays. Before I use my hard earned money to invest but I learned that it's too risky that is why I am working on signature campaigns to get crypto so I can buy crypto as well. Depending on how much your lifestyle is worth then that's how much you need from crypto and no crypto is not my only source of income right now it was just a choice of investment for me.
This is a good way to reduce the risk. Cryptocurrency is the world's most volatile trading platform where asset values can change rapidly. Investing in such platforms requires the investor to use the money that the investor can maintain a normal life even if it is lost. And where such conditions exist, loan money should never be invested. I am not enthusiast to invest in crypto with loans although there are some people who can take more risks. If one has alternative earning source to repay the loan then he can invest by taking loan.
Everyone certainly agrees that investing in crypto is very risky, but whatever investment you make, it is certain that there will always be a risk. Just how big the risk is depends on how we can manage it well and study it properly.
I have nothing against those who want to invest in crypto by borrowing, as long as the installments to be paid can be paid without reducing their daily needs.
But it would be better if there were reserve funds that were not used, and it would be very good if you wanted to use them as an investment.
Act as the owner of a company in every investment you make by carefully analyzing the profits and losses before taking action.