Cryptocurrency good or bad for loan?

[yohananaomi]

Honestly, crypto loans can be beneficial during a bear market. If the collateral value drops and the APR isn't high, you may end up paying a lesser amount back over time. However, if you are lending, you might not earn enough profit unless you are lending out a stablecoin.
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If at that time, as you said, of course, it is very important to be able to get good results from every loan you get, because you buy at a cheap price and will let go when the price increases again.
But what if not in a situation like you said? I think as long as we can pay the loan in installments properly there is no problem, and you can do that. I think borrowing for better profits is an investment that is highly recommended and worth doing.

[$crypto$]

Exactly, it's better for us to trade using the money we have instead of having to trade from debt which will make us always think that with the money we borrow, life will become uneasy because we will always be looking at the conditions of the exchange location.

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

[Cryptsafe]

Exactly, it's better for us to trade using the money we have instead of having to trade from debt which will make us always think that with the money we borrow, life will become uneasy because we will always be looking at the conditions of the exchange location.

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

I was able to ask few people questions with respect to borrowing and this was their ideology for their actions; one told me that he borrows for trading because doing that would give him the sense of reasoning that he would have to make out something of it by all means making sure he does everything right and I began to wonder if they really know what it means trading and I asked him about his experience with trading and to be frank what he told me was shocking and not something that should warrant him to go borrow for trading.
I think people do not really think before they go borrow for trading. They forget themselves so easily that they do not know or remember how volatile the market could be.

[Gurujebs]

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

If it's not emergency issues like health issues and tuition fees that do has deadline of payments, I haven't seen that thing that will make me take loan, doing it for crypto is the least I will ever try because for what exactly? Nothing is certain here and no matter how one plans itself, crypto has its own plan and because you don't control the market, there are thousands of uncertainty that will not end well.

If I want to invest in crypto and I don't have the means to buy it with my own money, I will give it a break and buy when I have the money. Investing with loan money will be a load on the head and you will also be having constant reminder. Don't forget there is interest rate that will continue to accumulate on it pending till when you pay back. It's a stressful journey.

[Dr.Bitcoin_Strange]

Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.

[MUGNIA]

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

If it's not emergency issues like health issues and tuition fees that do has deadline of payments, I haven't seen that thing that will make me take loan, doing it for crypto is the least I will ever try because for what exactly? Nothing is certain here and no matter how one plans itself, crypto has its own plan and because you don't control the market, there are thousands of uncertainty that will not end well.

If I want to invest in crypto and I don't have the means to buy it with my own money, I will give it a break and buy when I have the money. Investing with loan money will be a load on the head and you will also be having constant reminder. Don't forget there is interest rate that will continue to accumulate on it pending till when you pay back. It's a stressful journey.

Well, that's right, for crypto, in my opinion, it's better to buy periodically and routinely, because our assets will increase, if we buy crypto using a loan, it will become a burden on our lives in the future, not to mention, as we know, crypto prices are difficult to predict, and it's scary if the value of crypto never goes up, it will make your head even more dizzy, but if we buy with cold money, the price of crypto will rise and fall, we won't have a headache because the money we buy is actually extra money and is deliberately for saving.

[Captain Corporate]

If you think about it, colleteral is a must and that's why I never liked them. I mean if I am giving basically equal to what crypto I a getting, then it makes no sense to me and I think I can do leverage for that and be enough. That doesn't make sense to me to get something like that, it would not make sense at all, it would be quite tough. The best thing I can do at this point would be just realizing that we are going to end up with something that should benefit us, and for that to mean something we could basically just go with something that could reach a better level in the end. I prefer to keep it debtless in that case.

[yohananaomi]

Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.

If you can avoid borrowing, it's certainly very good because it won't create additional burdens, especially if you have more funds available. But not everyone has something like that, so there are those who take out loans to invest in crypto. In my opinion, there is no problem as long as the loan can be paid well and does not interfere with daily activities that might occur.
The most important thing for everyone is to be able to see what they are capable of doing and not make things easier if it can't be done.

[$crypto$]

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

If it's not emergency issues like health issues and tuition fees that do has deadline of payments, I haven't seen that thing that will make me take loan, doing it for crypto is the least I will ever try because for what exactly? Nothing is certain here and no matter how one plans itself, crypto has its own plan and because you don't control the market, there are thousands of uncertainty that will not end well.

If I want to invest in crypto and I don't have the means to buy it with my own money, I will give it a break and buy when I have the money. Investing with loan money will be a load on the head and you will also be having constant reminder. Don't forget there is interest rate that will continue to accumulate on it pending till when you pay back. It's a stressful journey.

Well, that's right, for crypto, in my opinion, it's better to buy periodically and routinely, because our assets will increase, if we buy crypto using a loan, it will become a burden on our lives in the future, not to mention, as we know, crypto prices are difficult to predict, and it's scary if the value of crypto never goes up, it will make your head even more dizzy, but if we buy with cold money, the price of crypto will rise and fall, we won't have a headache because the money we buy is actually extra money and is deliberately for saving.

The point is, never be afraid to miss out when we don't have money, because opportunities in the crypto space will always be there and that should make us not rush into deciding something, because that looks like forcing ourselves.

We can collect it first, and once we have some money, we can use it for something we couldn't do when we didn't have money, in this case investing.

[gunhell16]

Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.

Well, each individual has different perspectives in terms of loans; the question is, is the loan bad? The answer is no. The only issue is the use of the borrowed money, right? And the only bad things are if you only use them for things that are not good. Especially if you use it on a whim. But it still depends on the vices that a person has.

Now, loan, then use in cryptocurrency? For me, it's fine, and there's nothing wrong with it as long as you're sure about the crypto you're buying as a long-term investment. Because if you use it in the top 10 altcoins, I think it's impossible that you won't make a profit from this bull. Like me, I did that last year. I got a loan and bought crypto that I wanted to hold long-term. I paid off what I owed to the one I invested in crypto last year, and now I'm profiting from what I bought. Actually, I have already taken out a profit, and until now, the profit I took out has been recovered through trading activity little by little. So, that depends on the person making the loan.

[milewilda]

Exactly, it's better for us to trade using the money we have instead of having to trade from debt which will make us always think that with the money we borrow, life will become uneasy because we will always be looking at the conditions of the exchange location.

Yes, you are right, it is better if we don't take out any loans, because we don't have burdens to think about and maybe that will affect our peace of mind.

Even if you have to take out a loan, be wise in using it. We have to measure whether or not we are able to bear the burden we will feel. We should not force ourselves to do something that we can actually do without taking out a loan, for example.

As much as possible on which i do really make myself really trying out to free from loans even on how small or big it would be.Its true that on the moment that you do have that loan then you would really be having that kind of feeling on having a burden on which this is really giving out that kind of stress but if you are really that taking up some loan but you do really know on how to repay it back on the right time then there would really be no issues but if you do struggle on doing so or cant really be so sure then it would really be better that you should really be avoiding this as much as possible.

[JISAN]

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?

It is possible to make a lot of profit from cryptocurrencies but there is also a lot of risk of loss because many crypto coins appear to be scams and crashes where investing can lead to huge losses. And if you want to get profit from crypto, you have to invest for a long time, so it is not a very bad idea to think about investing here with a loan. But if one can afford this risk then he can do it. But I think investing in crypto with loans is a bad idea

[Jamal Aezaz]

Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.

Yes it is not suited well to take loan for crypto because you don't know that your future in crypto will be bright or dark and also you don't know that the coin which you are selecting will give you profit or not and if it is profitable then how long it will take to give you return.

Our thoughts should not be for short periods but we have to think about our future too because if we take a loan and then suddenly we lose this amount then returning that amount back to the owner will take a long time because we will have no Money to continue our investment or give that amount back to the owner.

[Captain Corporate]

I misunderstood the objective, I thought people were talking about loans in the crypto world, you mean taking loans FOR buying crypto, that is definitely a wrong move. Do not take loans that you have to repay back easily, that just doesn't make sense at all, I personally would advice against that as much as I possibly could. I think it would result with you not knowing whats going on, and the best thing to do would be just avoiding everything in total, that will for sure be better for you, it would make things easier for you to handle at the same time as well, would be a smart move to do by just investing with what you already have.

[Zed0X]

I misunderstood the objective, I thought people were talking about loans in the crypto world, you mean taking loans FOR buying crypto, that is definitely a wrong move. Do not take loans that you have to repay back easily, that just doesn't make sense at all, I personally would advice against that as much as I possibly could. I think it would result with you not knowing whats going on, and the best thing to do would be just avoiding everything in total, that will for sure be better for you, it would make things easier for you to handle at the same time as well, would be a smart move to do by just investing with what you already have.

In general, I would agree on investing what you already have or selling some unneeded things to buy crypto. There are some scenarios where taking a loan to buy crypto is also a good move in the long term. People who just started with their regular jobs (that pays decent) usually don't have enough savings but they could take advantage of the price drops by borrowing.