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Author Topic: Cryptocurrency good or bad for loan?  (Read 39238 times)

Offline enwi

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Re: Cryptocurrency good or bad for loan?
« Reply #330 on: November 18, 2024, 09:37:16 PM »

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.
It is much easier to manage our investments in cryptos with truly secure funds to help us to maintain our stability in our decisions. The use of such opportunities as bounty campaigns or airdrops allows starting with membership in the crypto world without the growth of financial risk. It also frees up the opportunity for us to be more willing to test out certain trading plans and models, without having to fear outside interferences which hinder a certain structure. This step enables a person to gradually and steadily, construct a portfolio over time depending on the capacity and option available.

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Re: Cryptocurrency good or bad for loan?
« Reply #330 on: November 18, 2024, 09:37:16 PM »

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Offline lombok

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Re: Cryptocurrency good or bad for loan?
« Reply #331 on: November 20, 2024, 11:06:55 PM »
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.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.

It is much easier to manage our investments in cryptos with truly secure funds to help us to maintain our stability in our decisions. The use of such opportunities as bounty campaigns or airdrops allows starting with membership in the crypto world without the growth of financial risk. It also frees up the opportunity for us to be more willing to test out certain trading plans and models, without having to fear outside interferences which hinder a certain structure. This step enables a person to gradually and steadily, construct a portfolio over time depending on the capacity and option available.
Staring investing in cryptocurrency with really secured funds make us go through the steps with lesser stress and more direction. In the same way that bounties and airdrops help the user to navigate the crypto world without increasing financial burden, Tokens are welcomed in the same way as bounties and airdrops. This approach also allows us to stretch without it affecting our score direly while also allowing for a methodical building of a portfolio according to one’s potential. These cautious approaches shall build a better foundation towards our long-term investment process.
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Re: Cryptocurrency good or bad for loan?
« Reply #331 on: November 20, 2024, 11:06:55 PM »

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Offline LogitechMouse

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Re: Cryptocurrency good or bad for loan?
« Reply #332 on: November 21, 2024, 04:15:33 AM »
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.
I would rather take a loan from a bank and invest into cryptocurrency than relying on something that gives you only dusts which is bounty campaigns and airdrops. :P

It's all about the timing and how knowledgeable are you when it comes to cryptocurrency. I've taken a loan from a bank and used that to invest into cryptocurrency. That was around 2022-2023, and until now, I'm currently paying it, but I can just sell the Bitcoins that I bought at that time to pay my loan and still end up making money. Bounty Campaigns? Airdrops? Relying on them to invest into crypto? You will not be a successful investor if you think like that.

Using our salary would be much better if you have spare money of course. :)

Offline yohananaomi

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Re: Cryptocurrency good or bad for loan?
« Reply #333 on: November 21, 2024, 04:23:05 AM »
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.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.

Offline luckyledger

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Re: Cryptocurrency good or bad for loan?
« Reply #334 on: November 21, 2024, 11:19:57 AM »
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.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.

It should be done responsibly.
Period.
With the funds, you would be able to return, totally.
Because the pressure may be too much to handle.

Offline tequilla_sunset

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Re: Cryptocurrency good or bad for loan?
« Reply #335 on: November 21, 2024, 11:21:37 AM »
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.
I would rather take a loan from a bank and invest into cryptocurrency than relying on something that gives you only dusts which is bounty campaigns and airdrops. :P

It's all about the timing and how knowledgeable are you when it comes to cryptocurrency. I've taken a loan from a bank and used that to invest into cryptocurrency. That was around 2022-2023, and until now, I'm currently paying it, but I can just sell the Bitcoins that I bought at that time to pay my loan and still end up making money. Bounty Campaigns? Airdrops? Relying on them to invest into crypto? You will not be a successful investor if you think like that.

Using our salary would be much better if you have spare money of course. :)

If you do it (drops and so on) having a good referral base or a good farm, which is set up with proxies and etc - it can be viable.
But otherwise - it isn't worth it, I agree.

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Re: Cryptocurrency good or bad for loan?
« Reply #336 on: November 21, 2024, 11:24:17 AM »
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.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.

You either only work with something you have or with something you would be able to return afterward, without any sorrows and regrets about it.
You need to think about it twice and whether it would be worth it for you in the long run - because it may end up badly in case of emergency. Risks should be managed probably.
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Re: Cryptocurrency good or bad for loan?
« Reply #336 on: November 21, 2024, 11:24:17 AM »


Offline rizqillah

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Re: Cryptocurrency good or bad for loan?
« Reply #337 on: November 21, 2024, 10:14:44 PM »
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.
Using funds that are ready to be invested without the pressure of other obligations is a much healthier step in crypto trading. This way, we can make decisions more calmly without being overshadowed by additional burdens that can interfere with focus. In addition, there are many alternatives to obtain initial capital, such as taking advantage of opportunities from programs that do not require direct financial risk. By starting with existing resources, we can learn and grow without adding stress to personal finances.
To avoid confusion of pressure that may occur on the way, I do agree to use unused funds and it can indeed be used at any time for investment. Remember, this is an investment that takes time and if you use funds that will always be taken again, of course it will not be effective. Especially there is a sense of fear when the price drops, and it is not according to our wishes, but we need to use it, then what happens is a loss.
Actually, you can use signature bounty funds like this, and by using DCA while waiting for the upcoming increase, if there are indeed no funds that can be used.
I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.

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Re: Cryptocurrency good or bad for loan?
« Reply #338 on: November 21, 2024, 10:57:30 PM »
I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.

And interestingly, times like these are very tempting for any to take a loan to invest in crypto due to FOMO or any other reason. The whole idea is all about risk, and i believe that risk is not worth taking by everyone. Though, there are people that can comfortably take loans for times like these, but they often have good plans or other possible source of income that can help them payback. Just to be rational, i don't think it is wise for anyone that understands his/her financial capabilities to take a loan that can't be repaid even from other means outside the risk that is been taken.
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Re: Cryptocurrency good or bad for loan?
« Reply #339 on: November 21, 2024, 11:39:49 PM »
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.
I really agree with you. We don't force ourselves to invest with loan money. We can invest with DCA way, we invest gradually with small funds. If we have enough money, we can try trading as well. The profits got from trading, can be used to buy Bitcoin. Then, we hold Bitcoin for a long term investment. Yes, we also can follow bounties or signature campaigns, this way can make use to get other sources of money for investment. So, we actually don't need to take a loan for investing in crypto coins.


Offline luckyledger

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Re: Cryptocurrency good or bad for loan?
« Reply #340 on: November 22, 2024, 12:01:50 PM »
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.
I really agree with you. We don't force ourselves to invest with loan money. We can invest with DCA way, we invest gradually with small funds. If we have enough money, we can try trading as well. The profits got from trading, can be used to buy Bitcoin. Then, we hold Bitcoin for a long term investment. Yes, we also can follow bounties or signature campaigns, this way can make use to get other sources of money for investment. So, we actually don't need to take a loan for investing in crypto coins.

Somebody is used to buy in lumps, some - by DCA, each and of us depending on their needs and abilities, as it can be said  8)
The best way is the stable and responsible way.

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Re: Cryptocurrency good or bad for loan?
« Reply #341 on: November 22, 2024, 04:58:38 PM »
I agree with your comment that we should use free and unused funds in the near future for investment because the crypto market is very volatile, it is difficult for us to predict prices accurately. If we use funds that are not free suddenly we have needs that must be met, we will likely sell our assets. but if the market goes down, and we are forced to sell it will suffer a loss, this is true. That's why many members suggest free funds for investment, we can find free funds from bounty rewards and airdrops.
Actually, investing with idle money is a good decision and even more when this money will be invested in the crypto market, which is very volatile. Hence, we can be free from funding related pressure that is experienced whenever there is a need that has to be met. Of course, market risks will not significantly affect us if we only use such funds that do not serve ordinary expenses.

Using such services from bounties and airdrops is the best way to create an investment portfolio with minimal risks to invest in. This is beneficial, as it enables the getting of some value-added or other benefit without risking something in primary financial stability –/pkgsecurity thus offering a reassurance when confronting market shifting.
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Offline Celph

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Re: Cryptocurrency good or bad for loan?
« Reply #342 on: November 22, 2024, 06:53:59 PM »
Cryptocurrency is not permanent, and I don’t think it’s possible to live only on it.  But it’s very suitable as an additional form of income or hobby.  Although I follow some bloggers on social networks and I can confidently say that they make very good money from this and do not work at all, their main income is cryptocurrency.  So it depends from which side you look at it.
Well,investing in cryptocurrency as a hubby is more like greed i think.
While investing in cryptocurrencies for investors is all about making profits,the moment you get too attached and want more,greed eats you ul.You just basically want to earn more,you want to get more without realising losses could also be made and that is what greed does.
Greed makes the obvious not clear at all because all you want is profit! Profit! Just profit!,and that is when we go back to the topic.I wouldnt say generally whether it's good or bad for making loams in order to invest in crypto because situation might differ.
However,be sure to make wise choices while not putting your wants and needs first cause losses are really inevitable in the crypto market. The moment you come to realisation of this concelt,the better for you.
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Re: Cryptocurrency good or bad for loan?
« Reply #343 on: November 23, 2024, 06:13:44 PM »
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.
I really agree with you. We don't force ourselves to invest with loan money. We can invest with DCA way, we invest gradually with small funds. If we have enough money, we can try trading as well. The profits got from trading, can be used to buy Bitcoin. Then, we hold Bitcoin for a long term investment. Yes, we also can follow bounties or signature campaigns, this way can make use to get other sources of money for investment. So, we actually don't need to take a loan for investing in crypto coins.
I agree with the method you use if we do not have a large capital for investment we should do it with the DCA method, and never invest in crypto with borrowed money because the risk is very high and we can lose.
There are many ways we can do to get capital, for example by doing daily trading.

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Re: Cryptocurrency good or bad for loan?
« Reply #344 on: November 23, 2024, 08:02:29 PM »
I agree with the method you use if we do not have a large capital for investment we should do it with the DCA method, and never invest in crypto with borrowed money because the risk is very high and we can lose.
There are many ways we can do to get capital, for example by doing daily trading.
To begin an investment with limited capital, a strategy must be realistic yet comfortable with risk. This step will help us to take advantage of market fluctuations to earn long term profits, provided we organise our purchases gradually and consistently. No need to be rushed, calm investments and measured returns tend to be more stable than big, impulsive decisions.

Bounty campaigns and airdrop activities are the safe choice to build our own capital as it will rise our financial capital. In that way, we do not have to face other investments' pressure. Using borrowed funds, often to coronavirus related borrowing, means that we are allowing ourselves to get prived of the main structural things that make up the balance of our whole financial life.
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