Cryptocurrency good or bad for loan?

[Manna]

In my opinion it is not important to have so much confidence in the current because I think it is totally wrong to invest in a saturated currency with a loan from the bank.  Because there is a profit in the currency markets and sometimes there is a loss.  And that's why I don't think it's necessary to take so much risk.  Don't be so dependent on a little currency, keep working as much as you can, you can earn some income from here.  So I would say keep working slowly and invest half of your money here.

[$crypto$]

I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.

We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.

Borrowing money for crypto has a very high risk, we should not do it. Because our predictions in trading or investment are not necessarily always right, if we make wrong predictions many times and the money we use for trading or investment is borrowed money, it will actually be a burden on our minds.
We just save little by little for crypto investment, if we are consistent then it will also accumulate a lot.

Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.

In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.

[Sim_card]

I can't say for sure what percentage of our chances are to make a profit by using borrowed money, I can only say that it is very risky and can't say anything more specific.

We must be smart in making decisions, don't force ourselves just because we see the benefits that can be obtained because in fact behind that there is a big risk that we take. So once I will say think and consider carefully.

Borrowing money for crypto has a very high risk, we should not do it. Because our predictions in trading or investment are not necessarily always right, if we make wrong predictions many times and the money we use for trading or investment is borrowed money, it will actually be a burden on our minds.
We just save little by little for crypto investment, if we are consistent then it will also accumulate a lot.

Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.

In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.

And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.

[dekafee79]

And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.

It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.

[alltalk]

It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.

If we use the loan money for crypto investment, we have a big pressure if the market trend is beyond our expectation. Moreover, the loan must have a deadline for the repayment. So we do not have a freedom in determining the time for exit (taking profits). I actually avoid this because we may decide something in hurry in this situation. It is much better to use our own money, it is not really necessary to use huge funds. We must remember people saying "use the money that we can afford to lose". Don't forget about this!!

[$crypto$]

Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.

In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.

And you know that anything crypto dealings either trading or investing should not be in a rush to avoid making wrong decisions that will make you run at loss. This is why it is not ideal to take a loan on crypto with high volatility because you cannot predict what will happen in the market and the market can turn red at anytime.

Actually, in any case, making hasty decisions is not good, especially this is closely related to money, which we all know is very sensitive to our lives, especially when we experience loss of money.

That is one of the things to worry about when using money from loans. This will also be closely related to our mentality, and we all know that in trading and investment mentality is an important factor.

[koang]

It is better to invest in crypto not from borrowed money, because investing in crypto is very risky. If we have free funds we can invest in crypto, the crypto market is very volatile, if we use borrowed funds we will panic when the market goes down. And we will experience losses, if we have to sell it at a loss.

If we use the loan money for crypto investment, we have a big pressure if the market trend is beyond our expectation. Moreover, the loan must have a deadline for the repayment. So we do not have a freedom in determining the time for exit (taking profits). I actually avoid this because we may decide something in hurry in this situation. It is much better to use our own money, it is not really necessary to use huge funds. We must remember people saying "use the money that we can afford to lose". Don't forget about this!!

Exactly. Investing doesn't just use lust, Lust wants to get big profits in a short time, but without analysis and calculations.
Invest with money that we do not allocate for short-term and urgent needs.
Because whatever form of investment there will always be a risk.
When we experience a loss, then it is likely that our other assets will also be eroded because of this.

[Cryptsafe]

Invest with money that we do not allocate for short-term and urgent needs.
Because whatever form of investment there will always be a risk.
When we experience a loss, then it is likely that our other assets will also be eroded because of this.

At first, it is always advised to invest with spare cash or funds you could afford to lose if the situation of the market is not in favour or the risk is very high. Normally, investment is risky not to talk of one investing in Crypto which we all know how it seems to be most times.

Setting out a separate fund for investment would mean you using money you would not likely turn to use when ever you have financial challenges because sometimes things might happen along the lines and what you could only remember to touch at that moment is your investment which you have direct access to and it possibly is a long term investment but because of the situation of things, you have to fall back to it and possibly the investment might be down below the price you invested in earlier before then. So this would make you be at loss of you decide to touch your investment at that point in time. This is why one is advised to invest with spare funds they could do without in tough situations when it arises.

[armanda90]

Actually, in any case, making hasty decisions is not good, especially this is closely related to money, which we all know is very sensitive to our lives, especially when we experience loss of money.

That is one of the things to worry about when using money from loans. This will also be closely related to our mentality, and we all know that in trading and investment mentality is an important factor.

I don't think big problem when using loan for trading in cryptocurrency but has income source for loan interest payment not depend with profitable earn from trading.
Actually trading can guarantee with profitable consistency and some time take time waiting earn much profitable and we have deadline for loan interest payment.
Take loan on the right time when trading in cryptocurrency, if moment market crash bitcoin have more lower price you can use loan for trading will minimalize risk but if getting loan when market bearish I don't sure will profitable or not.

[Vx1]

~

Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.

In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.

When people are panicking, such things will actually make us often wrong in determining attitudes. Instead of solving the problem, new problems can arise, so I remind you again never to borrow money to invest or trade crypto.

Even if we are forced to not have capital, it is better to join the Bounty Event, signature or do Airdrop first. Later after we get the reward, then we can use it as capital to trade here.

[luckyledger]

~

Well, that's right, it will be an additional burden on our minds, besides having to think to be able to analyze the market well, we also have to be burdened with the mind because we have to pay off the loan we took.

In a situation like this, it might affect our way of thinking, at first we can be relaxed and not rush into making decisions, but after having a loan we might change in making decisions too quickly because we want to make a quick profit to pay off the debt.

When people are panicking, such things will actually make us often wrong in determining attitudes. Instead of solving the problem, new problems can arise, so I remind you again never to borrow money to invest or trade crypto.

Even if we are forced to not have capital, it is better to join the Bounty Event, signature or do Airdrop first. Later after we get the reward, then we can use it as capital to trade here.

I agree, only own funds are worth trying to work with, so there wouldn't be wrong actions in the long run.

[albon]

Investing in cryptocurrencies can be extremely risky. Managing your social life or relying solely on crypto as your sole source of income requires careful planning and risk management.     Relying solely on crypto for your income can be risky because if you lose a lot of money once, you will be hurt so you have to remember that if you want to do well, you have to be patient and take risks. Because it is as risky on one side as it is highly profitable on the other.

Buried with you is that investing in crypto is risky and especially taking out loans. However the growing demand for cryptocurrencies, the combination of new technologies and the interest of big investors in this market are making the crypto world richer every day. Investing in cryptos has to be done with skill, because you have to have the skill to understand when the market will go in which direction.
You need to buy the right coin at the right time and always take advantage of the best coin when the price is low. Invest according to your amount of money and never rush to invest according to other person advice.

[Vx1]

When people are panicking, such things will actually make us often wrong in determining attitudes. Instead of solving the problem, new problems can arise, so I remind you again never to borrow money to invest or trade crypto.

Even if we are forced to not have capital, it is better to join the Bounty Event, signature or do Airdrop first. Later after we get the reward, then we can use it as capital to trade here.

I agree, only own funds are worth trying to work with, so there wouldn't be wrong actions in the long run.

Using your own funds is certainly safer and calmer, because even if we lose the burden we bear is not too heavy.
Because if the loan funds we still think about paying it from the person who lent it to us.
However, in Cryptocurreny investment is not that simple, even though using our own funds we must still be careful in determining the coins we buy.
This is done to minimize the losses that we will suffer.

[$crypto$]

Actually, in any case, making hasty decisions is not good, especially this is closely related to money, which we all know is very sensitive to our lives, especially when we experience loss of money.

That is one of the things to worry about when using money from loans. This will also be closely related to our mentality, and we all know that in trading and investment mentality is an important factor.

I don't think big problem when using loan for trading in cryptocurrency but has income source for loan interest payment not depend with profitable earn from trading.
Actually trading can guarantee with profitable consistency and some time take time waiting earn much profitable and we have deadline for loan interest payment.
Take loan on the right time when trading in cryptocurrency, if moment market crash bitcoin have more lower price you can use loan for trading will minimalize risk but if getting loan when market bearish I don't sure will profitable or not.

actually no one said it was a problem, it's just that the risk we have to take is a big risk so we have to be able to really consider it so that it doesn't become a problem in the future.

If you think from that direction maybe it will look fine, we can still pay the loan from our fixed income. But we also have to be able to consider that money from our income can be used for other needs than to pay the loan. But this will return to our respective opinions.

[Agbamoni]

In my opinion it is not important to have so much confidence in the current because I think it is totally wrong to invest in a saturated currency with a loan from the bank.  Because there is a profit in the currency markets and sometimes there is a loss.  And that's why I don't think it's necessary to take so much risk.  Don't be so dependent on a little currency, keep working as much as you can, you can earn some income from here.  So I would say keep working slowly and invest half of your money here.

I disagree with you based on the fact that it is not wrong to invest in a saturated asset. There is nothing wrong with investing in a currency that is flooded by investors as long as the currency is limited in circulation. Bitcoin has a limited supply and soon when the majority we are expecting begins to adopt Bitcoin there will be high demand for it that is when the value starts increasing and only those who have adopted Bitcoin will profit.