Cryptocurrency good or bad for loan?

[Sim_card]

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?

Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.

So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

Taking loan from the bank to invest in bitcoin is a wrong investment practice, because bitcoin is not like traditional investment that you can expect some returns at a given period of time. Due to the volatile nature of bitcoin it makes it very risky because you cannot predict the price movement of bitcoin. You should also know the your loan interest will keep on increasing when you cannot repay back your loan at the stipulated time. It's only your extra money that should be used to buy bitcoin so that you can hodli for long.

[enwi]

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?

Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.

So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

Taking loan from the bank to invest in bitcoin is a wrong investment practice, because bitcoin is not like traditional investment that you can expect some returns at a given period of time. Due to the volatile nature of bitcoin it makes it very risky because you cannot predict the price movement of bitcoin. You should also know the your loan interest will keep on increasing when you cannot repay back your loan at the stipulated time. It's only your extra money that should be used to buy bitcoin so that you can hodli for long.

That is a big concern if for example we decide to take a loan and invest it into bitcoin knowing fully well that this is a very unpredictable asset. It can be more or less than a certain value at Nyarotesoft ’s discretion and such factors can put us in a situation where meeting our loan obligations as and when they are due is near impossible. If we are late, the interest that has accumulated simply adds to more expense to our balance sheet and thus more risk of loss. I just think that relying on ideas that are not so necessary in the long term is safer so that this investment will not affect the issue of financial stability in the long term.

[Bobcrypto]

I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,

I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.

This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.

Well spoken, funds planned for trading or investing purposes should be budgeted for crypto business and should not be diverted or used for any other expenses in near future. I think one good aspect of budgeting for a purpose like this, is to get good returns and without finds interference.

Now, borrowing for crypto investment/trading is not a bad idea especially if the person has experienced on the crypto market analysis. There are persons who borrow money with  a good knowledge of the crypto market, invested for few years and were successful.
However, it practically not advisable to borrow money without any idea of the crypto economy, it is a potential risk that may end in a heavy loss.

[enwi]

I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,

I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.

This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.

Well spoken, funds planned for trading or investing purposes should be budgeted for crypto business and should not be diverted or used for any other expenses in near future. I think one good aspect of budgeting for a purpose like this, is to get good returns and without finds interference.

Now, borrowing for crypto investment/trading is not a bad idea especially if the person has experienced on the crypto market analysis. There are persons who borrow money with  a good knowledge of the crypto market, invested for few years and were successful.
However, it practically not advisable to borrow money without any idea of the crypto economy, it is a potential risk that may end in a heavy loss.

Special funds for crypto investment are the correct plan to preserve our economical status, thus when there is profit or loss, it will not cause many other economic needs. With a well-organized budget it would be easier to calmly approach assets and continue with our long-term plans.

[smartaction]

I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,

I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.

This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.

Well spoken, funds planned for trading or investing purposes should be budgeted for crypto business and should not be diverted or used for any other expenses in near future. I think one good aspect of budgeting for a purpose like this, is to get good returns and without finds interference.

Now, borrowing for crypto investment/trading is not a bad idea especially if the person has experienced on the crypto market analysis. There are persons who borrow money with  a good knowledge of the crypto market, invested for few years and were successful.
However, it practically not advisable to borrow money without any idea of the crypto economy, it is a potential risk that may end in a heavy loss.

Special funds for crypto investment are the correct plan to preserve our economical status, thus when there is profit or loss, it will not cause many other economic needs. With a well-organized budget it would be easier to calmly approach assets and continue with our long-term plans.

To invest in crypto we need to invest with a cool head all the time. If we invest all the time then we will not be right. For investment we need to look at the right time to invest. It is very difficult to get profit by investing if we are not smart about investment.  If we are not able to earn profit. After some time investment may result in heavy loss. During that time we have to be patient to recover the loss. If we are not patient then we have to face bigger loss. For investment we must invest with long term time.  Only then we can be successful from investment.

[densus88]

To invest in crypto we need to invest with a cool head all the time. If we invest all the time then we will not be right. For investment we need to look at the right time to invest. It is very difficult to get profit by investing if we are not smart about investment.  If we are not able to earn profit. After some time investment may result in heavy loss. During that time we have to be patient to recover the loss. If we are not patient then we have to face bigger loss. For investment we must invest with long term time.  Only then we can be successful from investment.

In making decisions to invest in crypto we must have a cool head and proper analysis, because with a clear mind we can determine the best strategy and prediction. Avoid FOMO and always invest based on our analysis and research. Long-term investment is the best way to invest in crypto by choosing potential coins, of course the top coins.

[Primo1760]

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?

Investing in cryptocurrency by taking a loan from a bank is not at all advisable as the cryptocurrency market is full of volatility. In this volatility, if someone takes a loan from a bank and buys cryptocurrency, and after a few days he has a lot of losses, he will be forced to sell his investment at a lower price to repay the loan. I saw with my own eyes an elder brother from my village took a loan and invested in some altcoins including Bitcoin. At first, if his investment was very successful, he did not sell it, hoping to make more profit, but after some time, his investment suffered a lot of loss. Later he had to sell his investment at a very low price to repay the loan and also sold his bike to repay the loan. From here I learned never to invest in any cryptocurrency with a loan.

[kai]

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?

Investing in cryptocurrency by taking a loan from a bank is not at all advisable as the cryptocurrency market is full of volatility.
......
From here I learned never to invest in any cryptocurrency with a loan.

I also think it is very extreme if you have to force yourself to borrow money from a bank to buy cryptocurrency coins. The unstable price of cryptocurrency will add to the mental and mental burden because I am sure that our asset portfolio will change so quickly.
I also cannot give advice to everyone including members on altcoinstalks to borrow money from a bank, this is very high risk. I have also heard and briefly that there are people who borrow money from a bank but their assets are destroyed and then the person becomes depressed. This is much more terrible than what we imagine.

[bayu7adi]

Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.

[Blaze]

Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.

When it comes to earnings through loans to engage in cryptocurrency investment, it can be a dangerous decision because volatility defined in financial markets can jeopardise our financial standing in the event of undesirable outcomes. Captial to be invested needs to be money that we don’t need for day to day expenses so that the decisions taken are not influnced by the goal of making lots of money in short time. For this way, we have a safer place to handle efficient sustainable investments when we are not poisoned by always facing debt demands.

[legend45]

Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.

Borrowing money from a bank to invest in crypto is a risky decision, why not take a safer decision to have capital to invest. We can participate in bounty campaigns and airdrops to get rewards that we can use as capital to invest in crypto, or we can set aside our real-world salary by buying crypto gradually through the DCA method.

[enwi]

Investing in cryptocurrency by borrowing money from a bank is the beginning of a very risky decision. It is truly fatal, because we will all really fall very deep if we make a mistake in making a decision, while if we are lucky, then it ends up paying off the debt... Until now, trading or investing with borrowed money is something that is not recommended, there are many possibilities that can happen in the investment world, be it stocks or cryptocurrencies... so don't push yourself too hard.

Borrowing money from a bank to invest in crypto is a risky decision, why not take a safer decision to have capital to invest. We can participate in bounty campaigns and airdrops to get rewards that we can use as capital to invest in crypto, or we can set aside our real-world salary by buying crypto gradually through the DCA method.

Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.

[legend45]

Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.

borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.

[lombok]

Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.

borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.

Taking a loan from a bank for purposes of investing in crypto should be discouraged because you are likely to be forced to make monthly payments that will be an added burden. It can be said that for those who are already into trading and have good results making a profit consistently then the move is easier to make. However, looking at the same equation to those newbie traders who still have little working knowledge of crypto trading this risk can be very heavy. Due to the unpredictability of the cryptocurrency market, the better decision is to employ the cash that is not vital for daily or for a long-term life.

[nakmantu99]

Of course yes, for those who already know how to obtain crypto, of course they will use some of the steps said above. But if the person is still a layman and has no experience and knowledge about getting capital from crypto, of course they will think about getting additional capital by borrowing from the bank. Of course, when it comes to discussing risk, I am confident they realise the risks that will take place, but they tend to deny it and remain bound and determined to secure a very risky loan.

borrowing money from a bank to invest in crypto is very risky and we have to pay installments every month this must also be considered. If he is great at trading, this decision can be taken because he always gets profit in trading to pay installments, but for newbies it is better not to take this decision because it is very risky. the crypto market is difficult to predict, especially newbies who lack knowledge and experience in crypto.

Taking a loan from a bank for purposes of investing in crypto should be discouraged because you are likely to be forced to make monthly payments that will be an added burden. It can be said that for those who are already into trading and have good results making a profit consistently then the move is easier to make. However, looking at the same equation to those newbie traders who still have little working knowledge of crypto trading this risk can be very heavy. Due to the unpredictability of the cryptocurrency market, the better decision is to employ the cash that is not vital for daily or for a long-term life.

invest in crypto use free money do not take loans from the bank because it will make us not focus on trading because we have the burden of paying installments every month.
there are still many ways to get capital by participating in bounty campaigns or airdrops, so we do not recommend taking loans.