Cryptocurrency good or bad for loan?

[yohananaomi]

I won't encourage it though. Because we all know that trading or Investing with your hard earn funds can be scary sometimes but imagine trading or investing with someone else's funds when you know what you are doing is two way either you gain or you loss. The reason of taking loans the first place is either you have lose your funds from careless investment before or your looking for some funds to add to yours to accumulate greater profits. Either way is not still safe because you trying to use loans on cryptocurrencies when your not too sure if it may end up good or you also lose it like when you lose your previous funds expecially for day traders. That why is always advisable to use cash you can risk to lose in things like this. So IMO I don't think Is good to use loans mostly when know if you lose the loans it will be a difficult task to you to pay back.

Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.

If you use money that is the result of a loan or from someone else, of course, there will be something that is stuck because there is a burden that must be calculated. It will be very different if we use funds that are not used, aka reserve funds, then we don't have to worry too much if the funds are lost because the investment is at a loss.
But it does not mean that you should not borrow for an investment, if we already have confidence that what we are doing is going well and just need to expand with a new capital loan. But indeed, for crypto investment you must really analyze it well and accurately before making an investment, if you want to be safe. Of course bitcoin is the best investment and has a small risk.

[Tribalchief]

Taking loan to invest in cryptocurrency, it's a No for me especially when the person taking the loan sees cryptocurrency as the same means of repaying back the loan he/she took. Cryptocurrency investment, as we've all said is very risky, because there are times when a particular coin experiences a long term dip, that can reduce the value of any investor's portfolio. So, by taking a loan for such investment purposes, knowing fully well that you don't have other options for payment than the supposed crypto profits, then it means someone just want to take a risk.

But it does not mean that you should not borrow for an investment, if we already have confidence that what we are doing is going well and just need to expand with a new capital loan. But indeed, for crypto investment you must really analyze it well and accurately before making an investment, if you want to be safe. Of course bitcoin is the best investment and has a small risk.

That confidence can shatter in the blink of an eye when things turn out to go the opposite way. This is crypto, and we all understand how swift the price can move (both upward and downward). I agree with you that Bitcoin is less volatile, because of how quick it is in making recovery, which still put its investors on a safer side. But at the end of the day, the person borrowing funds for crypto investment will definitely be given a period to repay the loan. And when the expected profits hasn't been realized within that deadline, then there will be some issues.

[luckyledger]

I won't encourage it though. Because we all know that trading or Investing with your hard earn funds can be scary sometimes but imagine trading or investing with someone else's funds when you know what you are doing is two way either you gain or you loss. The reason of taking loans the first place is either you have lose your funds from careless investment before or your looking for some funds to add to yours to accumulate greater profits. Either way is not still safe because you trying to use loans on cryptocurrencies when your not too sure if it may end up good or you also lose it like when you lose your previous funds expecially for day traders. That why is always advisable to use cash you can risk to lose in things like this. So IMO I don't think Is good to use loans mostly when know if you lose the loans it will be a difficult task to you to pay back.

Trading or investing with personal income is not scary or fearful but I think it is much comfortable than taking a loan
from a banks or from a crypto lending platforms. The volume of vash that are all over exchanges are own by different people who had invested on long term basis and these investors have confidence even during the longest bear market, like the bear market of 2018 is good examples of being patient.
Again, I don't think it is a good advice telling someone to invest with the amount of money he/she is ready loss. In other business there is profit,/lost, and so profit/loss is not only applicable to crypto but also to the fsits. In a nut share, every businesses has a profit or loss.on them.

If you use money that is the result of a loan or from someone else, of course, there will be something that is stuck because there is a burden that must be calculated. It will be very different if we use funds that are not used, aka reserve funds, then we don't have to worry too much if the funds are lost because the investment is at a loss.
But it does not mean that you should not borrow for an investment, if we already have confidence that what we are doing is going well and just need to expand with a new capital loan. But indeed, for crypto investment you must really analyze it well and accurately before making an investment, if you want to be safe. Of course bitcoin is the best investment and has a small risk.

We should stay aware of the risks in place, meaning that even if we think that our plan will succeed with the funds acquired through the loan, it may not go as planned, it's natural. And we should do so only if we really, really have the odds in our favor or some backup, knowing fully well that if we fail, we will roll back where we started. Not fall into the abyss of sorts

[sonaa]

Taking a loan from bank becomes a burden on our life and it drains the life, will add to their burden in future and if they don't get any return from their investment from borrowed money, they will be confused about repaying it... in crypto  Be careful while investing so that you don't lose big and you get profit..

[luckyledger]

Taking a loan from bank becomes a burden on our life and it drains the life, will add to their burden in future and if they don't get any return from their investment from borrowed money, they will be confused about repaying it... in crypto  Be careful while investing so that you don't lose big and you get profit..

Yep, stay responsible champs out there, and keep an eye out for the risks involved That will save you a ton of nerves in the future.

[rizqillah]

Taking a loan from bank becomes a burden on our life and it drains the life, will add to their burden in future and if they don't get any return from their investment from borrowed money, they will be confused about repaying it... in crypto  Be careful while investing so that you don't lose big and you get profit..

If investing with bank loans, we should have a reserve fund that we prepare where at any time if the crypto market experiences a sharp correction and our assets are trapped we can still pay the bank installments. But it is advisable not to have bank loans, use free funds to invest in crypto.

[erus]

As far as I know the price of this cryptocurrency is unstable and very difficult to control, today the price is around 100, maybe tomorrow the price is 500 or it could be 10. If we borrow money from the Bank to buy cryptocurrency it is the same as looking for new problems because if we are unable to pay the money it means that our real assets such as houses or land will be confiscated by the Bank.

[KingsDen]

As far as I know the price of this cryptocurrency is unstable and very difficult to control, today the price is around 100, maybe tomorrow the price is 500 or it could be 10. If we borrow money from the Bank to buy cryptocurrency it is the same as looking for new problems because if we are unable to pay the money it means that our real assets such as houses or land will be confiscated by the Bank.

As I will always say; investment in cryptocurrency is always a risky one. Especially a volatile cryptocurrency. In the other hand, taking a loan with your collateral is another risk. So, it is not nice to double your risk level in order to own many crypto. Avoiding borrowing or borrowing only from friends and family who might not require collaterals might be of a help.

[rizqillah]

As far as I know the price of this cryptocurrency is unstable and very difficult to control, today the price is around 100, maybe tomorrow the price is 500 or it could be 10. If we borrow money from the Bank to buy cryptocurrency it is the same as looking for new problems because if we are unable to pay the money it means that our real assets such as houses or land will be confiscated by the Bank.

As I will always say; investment in cryptocurrency is always a risky one. Especially a volatile cryptocurrency. In the other hand, taking a loan with your collateral is another risk. So, it is not nice to double your risk level in order to own many crypto. Avoiding borrowing or borrowing only from friends and family who might not require collaterals might be of a help.

It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too

[Gurujebs]

It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too

Everything you can think of in this life involved risk, you can't do without been involved in risk but the main thing that discourage me with loans and crypto is that crypto investment is uncertain, it's not when you're  expect your wallet to help you out you might enjoy the profit, some can be short and some can be long because it's varies due to market conditions.

In a situation where your loan is due and you don't have a way to pay back, you will just be think for a way to pay back the loan and you know that the more time your loan take, the more interest you will have to pay back, this is why loan for crypto is highly discourage.

[Gurujebs]

del

[legend45]

It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too

Everything you can think of in this life involved risk, you can't do without been involved in risk but the main thing that discourage me with loans and crypto is that crypto investment is uncertain, it's not when you're  expect your wallet to help you out you might enjoy the profit, some can be short and some can be long because it's varies due to market conditions.

In a situation where your loan is due and you don't have a way to pay back, you will just be think for a way to pay back the loan and you know that the more time your loan take, the more interest you will have to pay back, this is why loan for crypto is highly discourage.

It is better to invest in Crypto with free funds and never take a loan, because in a matter if we take a loan, you have to pay interest interest. Passar Crypto Suah is predicted, and invest in Crypro is also risky, why we have to add risks by taking loans.

[armanda90]

Check the market today, all top potential altcoin have lower price and give us much discount and I think not problem investing in several kinds of top altcoin from loan capital. Don't worry around one or two weeks later you can take profit above 10% and its enough fund to cover your loan interest if want get short term loan.
Right now is the best moment to see Bitcoin and several top altcoins such as ETH, BNB and Solana at very cheap prices. I feel very sorry if later the market has recovered and cannot make a profit with quite large profits.

[luckyledger]

It is not recommended to invest in crypto using borrowed money, because crypto is very risky. But if you suggest borrowing from family, it is also difficult to convince them if they do not understand crypto. Will they easily give you a loan? It seems difficult too

Everything you can think of in this life involved risk, you can't do without been involved in risk but the main thing that discourage me with loans and crypto is that crypto investment is uncertain, it's not when you're  expect your wallet to help you out you might enjoy the profit, some can be short and some can be long because it's varies due to market conditions.

In a situation where your loan is due and you don't have a way to pay back, you will just be think for a way to pay back the loan and you know that the more time your loan take, the more interest you will have to pay back, this is why loan for crypto is highly discourage.

It is better to invest in Crypto with free funds and never take a loan, because in a matter if we take a loan, you have to pay interest interest. Passar Crypto Suah is predicted, and invest in Crypro is also risky, why we have to add risks by taking loans.

I totally agree.
Volatility, news about the coin, founders, funders, collabs - many factors to take into account. Too many, if the decision is about the funds you will need in the near future.

[rizqillah]

Check the market today, all top potential altcoin have lower price and give us much discount and I think not problem investing in several kinds of top altcoin from loan capital. Don't worry around one or two weeks later you can take profit above 10% and its enough fund to cover your loan interest if want get short term loan.
Right now is the best moment to see Bitcoin and several top altcoins such as ETH, BNB and Solana at very cheap prices. I feel very sorry if later the market has recovered and cannot make a profit with quite large profits.

Actually, I do not agree with investing with borrowed capital, but after seeing the current market conditions and reading your writing, I intend to borrow from my family to buy some of the top coins, because it is possible that in 2 weeks our capital will be returned and we will get profits that we can share with the capital owners.