Cryptocurrency good or bad for loan?

[Obim34]

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.

It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.

[Dr.Bitcoin_Strange]

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.

It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.

A lot of people coming into cryptocurrency investment really don't understand how crypto works, if you don't understand how cryptocurrency works you will make a lot of mistakes that you will live to regret, some people see cryptocurrency investment as a Ponzi scheme were you will invest and get a huge amount of profit in some days, and that is why you see some people especially newbies making a lot of mistakes some don't even know the right coin to invest in and that is why is always advised to learn about cryptocurrency very well don't rush into it very fast without having knowledge about it.

People who will take loan to invest in cryptocurrency are people who don't understand how cryptocurrency works, I really don't understand how people will go into cryptocurrency investment without having any knowledge about it, crypto investment is a very technical investment one needs patience in other to become successful in cryptocurrency investment without patience is impossible to become successful because when you buy a coin it takes time for it to increase in value and price and it may even fall in price instead of increasing is highly volatile and that is why taking loan to invest in crypto is a very wrong move.

[milewilda]

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.

It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.

Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.

[nakmantu99]

Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.

I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.

[pieppiep]

Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.

I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.

That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.

[kuriboh]

Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.

I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.

That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.

Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.

[Promocodeudo]

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 think that it is advisable for any individual to depend on crypto as only source of income, come to think of it crypto is technology and investment and I believe it should be treated as one, there should not be any form of over burden on it, being a crypto enthusiast does not mean that you shouldnt have other things you do to get money, in real sense crypto is not a job itself as such being an investment, an investor must have a source of income before having aindset of investing because the sustenance of your cryptocurrency investment is dependent on your other earnings, as an investor, you can't achieve a bulky portfolio in cryptocurrency without investing continually with either small amount of money or whichever way you chose, if not, your investment may be tempered as a result of total dependency on your existing asset which is not right.

[TravelMug]

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.

It is good we understand the whole concept attached with Cryptocurrency as they are part of investment which does not require loaned funds or even part of what is meant for our upkeeps. The crypto market is volatile, under probability of issuing out profits to it's investors and with the level of chances that may not give the desired outcome it is a huge disaster to enter into with a loaned money, it is better to avoid the risk than facing the consequences.

It's the risk that is involved in crypto investment that makes it for someone to take loans and then re-invest it in the market. But with the whole volatility on some coins, others says that it's really bad to do that and you don't know if you can repay the loan on time as for sure you are going to get the payment from your investment. So the question is, what if your investment didn't return as what you expect? Where are you going to get the money then for repayment? And so that will be a huge disaster if you take that route and it might stress you out to even withdraw your investments but then you still have to pay your loan.

[bitterguy28]

I don't think that it is advisable for any individual to depend on crypto as only source of income, come to think of it crypto is technology and investment and I believe it should be treated as one

Investment meaning is primarily to obtain an additional source of income

it should be something to secure your future with and not just your present you can’t depend on crypto for your main source of income because of its volatility and unpredictability especially if you have a family and you are providing for them if things come to worst you might not get a consistent source of income with crypto

in real sense crypto is not a job itself as such being an investment,

investing in crypto is not a job however there are things related to crypto that could serve as one for example if you are a developer then you can work for a company or you can start your own company with crypto

crypto is a vast industry and you can make a lot of money with it you just need to keep looking

[Themepen]

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 think that it is advisable for any individual to depend on crypto as only source of income, come to think of it crypto is technology and investment and I believe it should be treated as one, there should not be any form of over burden on it, being a crypto enthusiast does not mean that you shouldnt have other things you do to get money, in real sense crypto is not a job itself as such being an investment, an investor must have a source of income before having aindset of investing because the sustenance of your cryptocurrency investment is dependent on your other earnings, as an investor, you can't achieve a bulky portfolio in cryptocurrency without investing continually with either small amount of money or whichever way you chose, if not, your investment may be tempered as a result of total dependency on your existing asset which is not right.

I completely agree with you. It is not good decision to depend only on cryptocurrency for money. Crypto investments can be unpredictable and change quickly so it is important you must have other ways to earn money. Think of crypto as technology and investment not for main job. Having steady income from other sources help you to invest in crypto more wisely and regularly without relying on your existing crypto assets.
This kind of good approach reduces risks and help you to make better investment decisions. By having multiple sources of income we can build stronger and more stable financial future for our life as well as for our family.

[bayu7adi]

If there is a success story of someone who borrows thousands of USD from a bank, then gets a big profit from buying BTC when the market is bearish, then sells when the market is bullish... that can happen, but how likely is it that it will happen to us when we imitate it??? no one knows.... instead of discussing loans to be risked, it is better to focus on the main job that brings greater profits so that you can invest in crypto with even more amounts.

[Dr.Bitcoin_Strange]

If there is a success story of someone who borrows thousands of USD from a bank, then gets a big profit from buying BTC when the market is bearish, then sells when the market is bullish... that can happen, but how likely is it that it will happen to us when we imitate it??? no one knows.... instead of discussing loans to be risked, it is better to focus on the main job that brings greater profits so that you can invest in crypto with even more amounts.

Taking loan from bank to invest on cryptocurrency is not a good risk to take at all, even though you know someone that has done it before and it worked for him or her is not advisable that you try it because cryptocurrency is very volatile and anything can happen at any time, a lot of people are in big debt right now because of taking loans and investing it on cryptocurrency and it failed them, I know of a lady in my home town who was into cryptocurrency investment she loved cryptocurrency so much and she was making huge amount of money from it, so one day she decided to expand and then went to take loan in a Bank and then used the loan money to invest in a certain cryptocurrency and she lost the money and she sold all her properties and brought out all her saves to pay off the debt after that payment she became broke till date and she has stopped crypto investment.

Instead of you to borrow money or take loan from bank or anywhere why not accumulate Bitcoin little by little, and before you think of going into crypto investment you need to have a source of income, that means you need to have something doing were you will be getting paid weekly or monthly, if you don't have a source of income then don't bother going into crypto investment because you will fail.
A lot of people really don't understand how crypto investment works one needs money to going into such investment without having money is impossible to succeed in crypto investment.
No one should borrow money or take loan just to invest in crypto.

[Cryptsafe]

Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.

I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.

That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.

Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.

Taking a loan for crypto investment is likely a bit risky and possibly not worth it. Wether you have done your research analysis or not, it just happens that one can not be able to predict the Crypto market in entirety because you never can tell what would be the next step in direction. Sometimes the market gets trapped and can remain at a particular position for a long time and tell me if you depends on the market to bring you profit from which you would repay the loan in a short time as agreed and the trap or dip exceeds the time for your loan repayment  how would you do that when it happens you depends on the investment to repay your loan. Here pannic sets in and it is either you pannic sell at loss to pay which I believe would not be up to he exact value invested and also mortgaging yourself.
I think buying at dip would be great if using loan so that if anything happens the effect would not be that much of a burden on the investor.

[MainIbem]

Totally depend on the risks management on which we know that not all would really be having that having a cash or funds whenever a market would be making up some crash. There would
really be those individuals who would really be that definitely be considering on taking up some loan since they dont really have the options or lack of funds. Not all people who do took up the loan arent that aware on how crypto investment works and the risks that involves with it. As long you do make yourself that aware and be responsible or ready for whatever things that you would really be able to encounter then it would be your own choice on this aspect.

I do not agree if we take loans to invest or buy coins when the crypto market is correcting, because this is very risky. The crypto market is very volatile and unpredictable, we never know when the market price will go up because we can only predict and wait patiently while borrowed money requires us to pay installments according to maturity. what is feared is that when it is due, we have not received any profit or we are trapped in expensive prices because the crypto market is declining. but it all depends on your ability to manage the risks and benefits that you can get from investing in crypto.

That way is very high risk. It is better not to take a loan no matter how big the important thing is that the money we use is not from a loan or from shopping money that should be used for living expenses. We know that the movement of coin prices on the exchange is not easy to predict which means there is no guarantee that we will make a profit. It is better to use small money and take enough profit than to think about profit and have to pay installments as you said.

Taking a path home loan is very dangerous. When you take out a loan, you will have a different tension inside your head that you must repay. You have to pay installments for the loan. Whether you make a profit or a loss or have money, you must pay this installment. When it is seen that your profit is not coming, then it will be seen that you have to pay installments, and you will suffer a lot. There is no certainty about the market when it will go in which direction, so taking a loan becomes risky.

Taking a loan for crypto investment is likely a bit risky and possibly not worth it. Wether you have done your research analysis or not, it just happens that one can not be able to predict the Crypto market in entirety because you never can tell what would be the next step in direction. Sometimes the market gets trapped and can remain at a particular position for a long time and tell me if you depends on the market to bring you profit from which you would repay the loan in a short time as agreed and the trap or dip exceeds the time for your loan repayment  how would you do that when it happens you depends on the investment to repay your loan. Here pannic sets in and it is either you pannic sell at loss to pay which I believe would not be up to he exact value invested and also mortgaging yourself.
I think buying at dip would be great if using loan so that if anything happens the effect would not be that much of a burden on the investor.

It's a very big risk and not calculated at all, normally when you take loan you're in debt for a certain period, so imagine taking a loan of 2weeks to a month interval to invest of Bitcoin that's meant for long term purpose so you're right, it's not worth it at all and failure to clear the debt could attract some embarrassment, the worst is taking loans to invest on pump and dumps, one could be lucky to profit from it but it's not advisable and if things goes wrong, it's like shooting ones self one the leg, atleast one could endure the embarrassment and pay up when they profit from Bitcoin over long-term but how would they pay up when they invest on pump and dumps that could get their funds liquidated, well none them is advisable, that's why an investor must be sure they have a source of income before investing on any Cryptocurrency.

[ABCbits]

Have anyone see news where Celcius sues Tether[1]? While i don't know which one will win, it shows complexity of lending cryptocurrency. The term expect Celcius to match BTC collateral with amount of USDT they borrow, but they refused to send more BTC when it's price going down.

[1] https://btctimes.com/tether-responds-to-2-4-billion-lawsuit-filed-by-celsius-network/