Cryptocurrency good or bad for loan?

[Dr.Bitcoin_Strange]

It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.

The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.

Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.

[yohananaomi]

It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.

The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.

Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.

It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.

[pieppiep]

It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.

The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.

Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.

It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.

Wow, that's really scary, the money from the loan is better used for something that already provides certainty of making a profit. Meanwhile, if it is used for investment, it is very risky and I also do not recommend doing that. It's better to keep using money that is safe and not being used in the future. Moreover, there is no guarantee that Cryptocurrency can provide profits quickly. We know that all loans have a certain period of time and must be repaid immediately.

[Jamal Aezaz]

Your words are true and logical. If one can invest in a currency like Bitcoin with a loan then he can definitely be profitable in the long run. In this case I don't see taking loan as bad but taking loan is not possible for everyone. Especially those who do not have sufficient capacity to repay the loan. Those who have multiple sources of income or have the ability to repay the loan regularly can definitely be profitable if they invest in Bitcoin for the long term.

Bitcoin needs a longer time to give you profit and I think there will be no one who will allow you such a large amount of money as a loan for such a longer time. Bitcoin profit is guaranteed but it is not guaranteed that when this profit will be easy for you to get and will become risky if the owner asks for his own money and the price of Bitcoin has not increased yet.

I think if a person has their own money and has the ability to repay the loan money then it is better to avoid taking loans and save little by little to make Bitcoin investment so in such case he will not be in worry to repay that amount to someone else and will be able to continue investment for longer time.

[Aanuoluwatofunmi]

I don't see it as a good or perfect idea for going to take loan in the name if having interest in cryptocurrency, this shouldn't be done, we already have what can make us to independently earn from this and make more money from it than the way it has always been with the fiat traditional currency we are used to before the set of crypto, when we have crypto and hold and wait for some time, we can earn from that alone without having to lend money from anywhere to make an investment on a volatile currency.

[Gurujebs]

I don't see it as a good or perfect idea for going to take loan in the name if having interest in cryptocurrency, this shouldn't be done, we already have what can make us to independently earn from this and make more money from it than the way it has always been with the fiat traditional currency we are used to before the set of crypto, when we have crypto and hold and wait for some time, we can earn from that alone without having to lend money from anywhere to make an investment on a volatile currency.

Every loan comes with interest either high or low but in most case, it comes with high interest rate and there is going to be a duration which that money most be return or else your interest will keep compounding until when you are ready to pay back, how do anyone in his right sense try this just because they want to invest in crypto, it wouldn't end well especially if the market doesn't go as expected.

If you are looking for investment in crypto, it should be from money you wouldn't need ur gently so you don't have to invest in crypto and fulfill your desire and then run around to look for a way to pay back if it doesn't work.

[pieppiep]

I don't see it as a good or perfect idea for going to take loan in the name if having interest in cryptocurrency, this shouldn't be done, we already have what can make us to independently earn from this and make more money from it than the way it has always been with the fiat traditional currency we are used to before the set of crypto, when we have crypto and hold and wait for some time, we can earn from that alone without having to lend money from anywhere to make an investment on a volatile currency.

Every loan comes with interest either high or low but in most case, it comes with high interest rate and there is going to be a duration which that money most be return or else your interest will keep compounding until when you are ready to pay back, how do anyone in his right sense try this just because they want to invest in crypto, it wouldn't end well especially if the market doesn't go as expected.

If you are looking for investment in crypto, it should be from money you wouldn't need ur gently so you don't have to invest in crypto and fulfill your desire and then run around to look for a way to pay back if it doesn't work.

Sometimes there are some people who are tempted by the huge profits they can get from Cryptocurrency so they decide to trade using borrowed money. Of course they have considered how they will return the borrowed money with the interest that must be paid. People who have a high level of awareness would not risk their lives to make mistakes like that. We know that cryptocurrency price movements cannot provide a guarantee of always making a profit.

[Verica crypto]

It depends on the perspective. Cryptocurrency can be seen as good for loans in some cases, as it provides an alternative form of collateral for lenders and can potentially enable borrowers to access funds more quickly and with lower fees. Additionally, cryptocurrency loans can offer individuals with limited access to traditional banking services a way to access financing.

[examplens]

Additionally, cryptocurrency loans can offer individuals with limited access to traditional banking services a way to access financing.

How exactly?
Why would anyone approve a crypto loan without verification or adequate collateral? If a bank doesn't trust someone to give a loan, why would it be any different in the crypto world?
Why does such a person become more acceptable if the money is in cryptocurrency?

I am very surprised by how many people accept online loans thing. Everyone somehow saw that the matter with the loan was completed through a couple of messages and that everyone was happy and satisfied.

[yohananaomi]

It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.

Wow, that's really scary, the money from the loan is better used for something that already provides certainty of making a profit. Meanwhile, if it is used for investment, it is very risky and I also do not recommend doing that. It's better to keep using money that is safe and not being used in the future. Moreover, there is no guarantee that Cryptocurrency can provide profits quickly. We know that all loans have a certain period of time and must be repaid immediately.

There is no need to worry about borrowing for an investment that we are going to make, because sometimes the existing funds are insufficient and there is no other way, we have to borrow from a bank that meets good requirements instead of borrowing from individuals with uncontrolled interest.
The main point in borrowing is to make sure that you have the ability to pay the installments that must be made, because if you don't have the ability, it is not advisable to borrow. But if you have personal funds, so you don't borrow, that's something to be grateful for and not everyone can do that.

[bitterguy28]

It is not recommended that loans for investment be made from profits, because they may not always be able to produce profits on time, resulting in the burden of not being able to pay the loan.

The market is highly unpredictable, and borrowing money with the assumption and intentions of repaying the loan with profits gotten from the investment could all end in absolute disaster, because one cannot accurately predict the market, no matter how good your speculations have been and how correct your previous predictions have been.

Something could happen at anytime and the market can end up in a DIP when the repayment date becomes due, forcing you to sell in a DIP in order to repay the loan, thereby resulting to even more losses.

It is not recommended to borrow for investment with the aim of paying it later from the profits, because we cannot know when the profits will be obtained, while the loan must still be paid. Of course, this action cannot provide a guarantee, but if you have the ability to be able to pay the loan installments from income from a permanent job, of course, it is highly recommended that you do this.
There are many examples of companies taking out loans to increase their investment, but the loan installments can always be done well.
Don't be afraid to borrow if you have the ability to pay in installments and there's no need to be afraid, because crypto investment is very good and really profitable.

Wow, that's really scary, the money from the loan is better used for something that already provides certainty of making a profit.

actually not only in Profiteering mate instead for important matter that we reallyt needed and wanted to use and spend and not just for making money because  the moment we took that loan it is automatically implanted with due and interest so better not to try at all.

Meanwhile, if it is used for investment, it is very risky and I also do not recommend doing that. It's better to keep using money that is safe and not being used in the future. Moreover, there is no guarantee that Cryptocurrency can provide profits quickly. We know that all loans have a certain period of time and must be repaid immediately.

and another thing is that  you are risking money for trading and risking your chance of paying the loan , that is multiple obligation that for me is really a not so good plan .

[Agbe]

Bank gives long term and short term loans and all depends on the time you can repay the loan. If you collect the loan and pay Back within a period of 4 to 6 years then you will not have difficulty because before then the price of Bitcoin would have hit higher price for you to sell and payback the loan but when you take the loan for short term then you will have it face difficulty to payback because at that period if bitcoin has not risen then you can't meet up the deadline. But to say the truth it is not good to invest in Bitcoin with a loan. Your mind will not be at rest.

[yohananaomi]

Bank gives long term and short term loans and all depends on the time you can repay the loan. If you collect the loan and pay Back within a period of 4 to 6 years then you will not have difficulty because before then the price of Bitcoin would have hit higher price for you to sell and payback the loan but when you take the loan for short term then you will have it face difficulty to payback because at that period if bitcoin has not risen then you can't meet up the deadline. But to say the truth it is not good to invest in Bitcoin with a loan. Your mind will not be at rest.

I agree that to invest in Bitcoin we try to use the funds we have and that is very important, but we also have to understand that there are those who don't have the funds and there's no harm in taking out a loan. The most important thing is to be able to pay the installments on the loan and not disturb it. Daily needs activities that remain a priority.
Don't get used to the fact that we will use investment profits to pay off loans. We can be sure that we will be distracted and unfocused because there is a time when we can get profits, usually after the halving period is over.
Well, now is the right time for investment because the halving period has finished, and the 4-year period will occur next year in 2045, so it is likely that you will be able to pay off the loan quickly.

[NicNacCoin]

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?

I don't like investing in cryptocurrencies with debt, it's a very bad thing. There are many people who invest in cryptocurrencies by taking loans and they get into a lot of trouble when the market gets dumped a lot. I saw an acquaintance of mine who bought cryptocurrency with a loan from a bank, then had to sell at a loss to pay off the loan because the market was dumping so much, and later mortgaged their land to someone else to pay off the loan because they couldn't pay off the full loan. So if a person does not have a fixed source of income then I think that person should not do anything by taking loans. If you want to invest in cryptocurrencies, it is definitely better to invest in DCA method by earning from cryptocurrencies.

[Sim_card]

Bank gives long term and short term loans and all depends on the time you can repay the loan. If you collect the loan and pay Back within a period of 4 to 6 years then you will not have difficulty because before then the price of Bitcoin would have hit higher price for you to sell and payback the loan but when you take the loan for short term then you will have it face difficulty to payback because at that period if bitcoin has not risen then you can't meet up the deadline. But to say the truth it is not good to invest in Bitcoin with a loan. Your mind will not be at rest.

I agree that to invest in Bitcoin we try to use the funds we have and that is very important, but we also have to understand that there are those who don't have the funds and there's no harm in taking out a loan. The most important thing is to be able to pay the installments on the loan and not disturb it. Daily needs activities that remain a priority.
Don't get used to the fact that we will use investment profits to pay off loans. We can be sure that we will be distracted and unfocused because there is a time when we can get profits, usually after the halving period is over.
Well, now is the right time for investment because the halving period has finished, and the 4-year period will occur next year in 2045, so it is likely that you will be able to pay off the loan quickly.

If you don't have any money to invest in bitcoin, it is better that you find a job and use part of your discretionary income to invest to enable you hodli your investment for long. Taking loan because you want to invest in bitcoin is a wrong approach and that alone can make your financial situation worst. This is because you will not have rest of mind and there will be emotional trauma most times. Whenever bitcoin price dips, you will almost have a heart attack. Lastly, bitcoin is not guaranteed to be profitable in future so we should not use past event to conclude what will happen in the future.