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Author Topic: Cryptocurrency good or bad for loan?  (Read 39063 times)

Offline UNIVERSE

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Re: Cryptocurrency good or bad for loan?
« Reply #360 on: November 30, 2024, 11:19:02 PM »
Savings can be considered as unused money, but you don't need to invest your savings, and emergency fund. An allocated fund like a percentage of your money for investment, say 5% of it is enough regardless how much the money a people have.
Yeah, he probably refers to savings money. And I agree that it is okay to use saving money if it is needed. It is actually an individual's choice to use savings or not. But it is much better than someone uses loan money for investment. Using saving money or 5% of our income monthly, is good option for the capital of investment. As long as it doesn't bother the money for basic needs or daily needs, it is okay to use in investment.


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Re: Cryptocurrency good or bad for loan?
« Reply #360 on: November 30, 2024, 11:19:02 PM »

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Re: Cryptocurrency good or bad for loan?
« Reply #361 on: December 01, 2024, 02:53:20 PM »
In general, investment is indeed profitable, especially if we invest in bitcoin. However, there are points that we must pay attention to here, one of which is that the market is not always in a good situation, sometimes we experience unfriendly market conditions.

Therefore, preparations as I said earlier are very important to do, because it will affect our investment in the future.
I agree with the opinion above, because the market sometimes does not go according to what we expect. It suddenly changes and does not go according to our predictions and plans. I agree that we should have an emergency fund so that our investment in crypto is not disturbed
This is a basic thing that we often ignore. I'm not talking about other people, but my experience when I first invested also ignored it. However, over time I can learn more and apply important things like this.

That's why we have to learn a lot, we can't possibly be perfect in investing right away, because we will go through difficult times, but we can learn from those difficulties.

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Re: Cryptocurrency good or bad for loan?
« Reply #361 on: December 01, 2024, 02:53:20 PM »

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Online Bobcrypto

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Re: Cryptocurrency good or bad for loan?
« Reply #362 on: December 01, 2024, 03:56:36 PM »
I agree, we should invest the money that we don't use because it will protect the value of our money. Choose the top bitcoin and altcoins for the investment. We should also have an emergency fund because if we plan to hold long term, it will make us more comfortable. The cypto market is very volatile, so in investing we must be prepared for all risks including emergency conditions.
And as well as I want to also mention here we should also invest on cryptocurrency as that much fund we can afford to lose.
As you already said Bitcoin and the cryptocurrency are the volatile market price and when we will make here an investment whether it for short term or for long term we must should have also gather some stable fund for facing the emergency situation. Like a local mate of mine share and history of himself that he hold Bitcoin of his most of earning and in the mean time he faced an emergency situation and that time even he face losses but he have to sold out his holding coins. And if there is any talk of investing in crypto with a loan, I would just call it stupidity.

Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.

Offline Rubel007

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Re: Cryptocurrency good or bad for loan?
« Reply #363 on: December 01, 2024, 04:51:40 PM »

If there is unused money, it is good to invest it so that it can become future savings, when we need it for economic purposes or so on, we can withdraw it in fiat form. Why is it good to invest unused money because when we invest it into digital currency, one day crypto can rise.
I agree if we have unused money we should buy bitcoin or ethereum. because these two coins are quite safe for long-term investment and if one day we need it, we can sell it when the price has gone up. but we should still have spare money so as not to interfere with the assets we have in our crypto wallet.
Yes, Bitcoin and Ether are the best in terms of investment. Those who can afford to invest for the long term will definitely benefit if they hold these two coins. Meanwhile, Bitcoin is in a bullish movement and we will probably be able to see a bull run in Ether very soon. But there are many who invest all their money and do not make arrangements for their necessary expenses later, due to which they have to use that invested money later. If we cannot hold it for the long term after investing in Bitcoin or Ether, then this is the fault of the investors.

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Re: Cryptocurrency good or bad for loan?
« Reply #364 on: December 01, 2024, 05:06:48 PM »
Savings can be considered as unused money, but you don't need to invest your savings, and emergency fund. An allocated fund like a percentage of your money for investment, say 5% of it is enough regardless how much the money a people have.
Yeah, he probably refers to savings money. And I agree that it is okay to use saving money if it is needed. It is actually an individual's choice to use savings or not. But it is much better than someone uses loan money for investment. Using saving money or 5% of our income monthly, is good option for the capital of investment. As long as it doesn't bother the money for basic needs or daily needs, it is okay to use in investment.
Borrowing or taking out a loan to invest is one of the stupidiest mistake anyone can make, especially when the investment is centered on volatile assets like cryptocurrency, I made this mistake and till today, I am still trying to come out from it.

So like you both have said, it is not right to borrow to invest, what ever amount of funds that enter our hand, it's good or advisable to divide it into two, not equally, maybe 80 - 20, or 70-30, where 80 or 70 pecent go to our savings, which also should act as emergency fund, while the remaining 20 or 30 percent go into investment.
It is important for us to know that investing is as good and important as having savings and or emergency funds for unexpected situations.
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Re: Cryptocurrency good or bad for loan?
« Reply #365 on: December 01, 2024, 07:31:01 PM »
Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
With you the full respect to your opinion is still I don't want to agree here that investing on crypto as much as you can afford to lose is not a good language  whether it is for the trading or for starting a business on Crypto. And I also think that if we search then all of those Crypto company or the Crypto project owners who were currently successful most of them put their that amount of fund or start their business with that fund what they can afford to lose. And if you see the crypto whale most of them have others big successful businesses.So I don't think it's a bad slogan I think it's the very good slogan because if you lose that kind of fund what you can afford to lose then there is very tuff to recover from that position and became successful.

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Re: Cryptocurrency good or bad for loan?
« Reply #366 on: December 01, 2024, 09:22:13 PM »
Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
With you the full respect to your opinion is still I don't want to agree here that investing on crypto as much as you can afford to lose is not a good language  whether it is for the trading or for starting a business on Crypto. And I also think that if we search then all of those Crypto company or the Crypto project owners who were currently successful most of them put their that amount of fund or start their business with that fund what they can afford to lose. And if you see the crypto whale most of them have others big successful businesses.So I don't think it's a bad slogan I think it's the very good slogan because if you lose that kind of fund what you can afford to lose then there is very tuff to recover from that position and became successful.
Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
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Re: Cryptocurrency good or bad for loan?
« Reply #366 on: December 01, 2024, 09:22:13 PM »


Offline enwi

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Re: Cryptocurrency good or bad for loan?
« Reply #367 on: December 02, 2024, 10:32:21 PM »
Investing as much as you can afford to lose is not a justifiable advice, or language to be used for those who want start crypto investments. You know, business is a pool of risk and there is no business without profit/loss, and advice that has a Loss Tagged to investments may not go down well with new investors.
I think this slogan, 'invest what you can afford to loss is absolutely not a good language for crypto business because it sounds very discouraging despite the volatility of the crypto market. This is my opinion.
With you the full respect to your opinion is still I don't want to agree here that investing on crypto as much as you can afford to lose is not a good language  whether it is for the trading or for starting a business on Crypto. And I also think that if we search then all of those Crypto company or the Crypto project owners who were currently successful most of them put their that amount of fund or start their business with that fund what they can afford to lose. And if you see the crypto whale most of them have others big successful businesses.So I don't think it's a bad slogan I think it's the very good slogan because if you lose that kind of fund what you can afford to lose then there is very tuff to recover from that position and became successful.
Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
Managing investments on the crypto world does require taking the risks on consideration, thus taking into consideration the fast moving nature of the market. Instead or responding to urgent needs, using funds we are not in immediate need of will allow space to slow the finger down and make with more considered and measured judgement. Also, although care is always taken for planning and analysis, there cannot be guarantee all the time that the results will always come to be, and hence it is always good to be flexible to adopt the strategies. We can ease panic by staying realistic in seeing what we may or may not be able to do when we are faced with unexpected market conditions and continue our learning from every experience we go through.

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Re: Cryptocurrency good or bad for loan?
« Reply #368 on: December 02, 2024, 11:50:51 PM »

Managing investments on the crypto world does require taking the risks on consideration, thus taking into consideration the fast moving nature of the market. Instead or responding to urgent needs, using funds we are not in immediate need of will allow space to slow the finger down and make with more considered and measured judgement. Also, although care is always taken for planning and analysis, there cannot be guarantee all the time that the results will always come to be, and hence it is always good to be flexible to adopt the strategies. We can ease panic by staying realistic in seeing what we may or may not be able to do when we are faced with unexpected market conditions and continue our learning from every experience we go through.
Because in investing in the crypto world we are always faced with risks, I agree with you that we should use funds that we don't need or are free. With free funds we can focus more on investing because the market is very volatile and honestly I can't predict the market accurately. That's why I avoid funds that are not free and always provide reserve funds for sudden needs.

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Re: Cryptocurrency good or bad for loan?
« Reply #369 on: December 03, 2024, 09:01:16 AM »
Exactly, don't borrow money or took loan to invest into cryptocurrency, because you can not always expect the good (profit) to come out of it, sometime you will also experience loss.

you can use the little amount of money that you have to invest, but taking loan is very risky because you don't know the outcome. Your aim for taking the loan is for you to invest and make a lots of profits, hoping to pay back the debt when you make profits.

The cryptocurrency market can be highly volatile, and losses can occur. If you borrow money to invest and experience losses, you may struggle to repay the debt. This can lead to financial difficulties and stress.

Always remember that, the story of investment is all about gaining and losing. Let's say for instance, you borrow money to Invest and you loss, how did you intend to pay back the debt. That's why it is not really advisable for an individual to borrow money to invest.
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Offline nakmantu99

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Re: Cryptocurrency good or bad for loan?
« Reply #370 on: December 03, 2024, 10:16:21 PM »
Exactly, don't borrow money or took loan to invest into cryptocurrency, because you can not always expect the good (profit) to come out of it, sometime you will also experience loss.

you can use the little amount of money that you have to invest, but taking loan is very risky because you don't know the outcome. Your aim for taking the loan is for you to invest and make a lots of profits, hoping to pay back the debt when you make profits.

The cryptocurrency market can be highly volatile, and losses can occur. If you borrow money to invest and experience losses, you may struggle to repay the debt. This can lead to financial difficulties and stress.

Always remember that, the story of investment is all about gaining and losing. Let's say for instance, you borrow money to Invest and you loss, how did you intend to pay back the debt. That's why it is not really advisable for an individual to borrow money to invest.
I agree with you a, in investing we are faced with profit and loss. And it is not recommended to borrow money that will be used for investment in crypto, because it is very risky. You could say the risk is double. First, the risk of investment is that you can experience losses if you make the wrong analysis and strategy, the second is the risk of borrowed money because we have to pay installments. While the cypto market is difficult to predict if the price goes down, we have to sell at a loss to pay the installments.

Offline debra

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Re: Cryptocurrency good or bad for loan?
« Reply #371 on: December 03, 2024, 11:37:17 PM »
Because in investing in the crypto world we are always faced with risks, I agree with you that we should use funds that we don't need or are free. With free funds we can focus more on investing because the market is very volatile and honestly I can't predict the market accurately. That's why I avoid funds that are not free and always provide reserve funds for sudden needs.
It is impossible to have no risk in crypto investment. Even, crypto investment is a high risk investment because the prices of crypto coins are always very volatile. But it is also the advantage of investing in crypto. With high volatile prices, we can have the chance to get huge profits in crypto coins. However, it is true that we must always use safe money because we also have the chance to get losses. It will be too bad if we get losses and we use loan money.


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Re: Cryptocurrency good or bad for loan?
« Reply #372 on: December 04, 2024, 10:04:25 AM »
Because in investing in the crypto world we are always faced with risks, I agree with you that we should use funds that we don't need or are free. With free funds we can focus more on investing because the market is very volatile and honestly I can't predict the market accurately. That's why I avoid funds that are not free and always provide reserve funds for sudden needs.
It is impossible to have no risk in crypto investment. Even, crypto investment is a high risk investment because the prices of crypto coins are always very volatile. But it is also the advantage of investing in crypto. With high volatile prices, we can have the chance to get huge profits in crypto coins. However, it is true that we must always use safe money because we also have the chance to get losses. It will be too bad if we get losses and we use loan money.
Yes, every investment comes with risk and volatility is certainly one of the chief characteristics of crypto. Our general objective is to learn how based on well explained strategies we can exploit the existing opportunities without compromising one’s financial status. The mobilisation of funds that do not entail basic needs expenditure is a good strategy of ensuring the right balance between opportunities to make profits and risks that are associated with loss making.

Online Crypto Library

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Re: Cryptocurrency good or bad for loan?
« Reply #373 on: December 04, 2024, 08:16:26 PM »
Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.
In my personal opinion I think when a person want to starting there trading or investing on cryptocurrency they must have to follow a rules in my opinion I said this this is the first thing and first rule of investing in cryptocurrency which is invest as much as you can afford to lose. So there is no way for having loan for investing in cryptocurrency and which you already mention yes people should investing there Idol amount and if I just look about all the biggest trader or the investor those all have their alternative business or job and beside that they do trading. And so I think there is no alternative for investing with the  lazy   fund of ours when we are going to starting trading.

Offline yohananaomi

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Re: Cryptocurrency good or bad for loan?
« Reply #374 on: December 05, 2024, 01:50:04 AM »

We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.
I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.
There is indeed no better way if you can use unused funds so that when we need the investment we make, it will not be sold for that need, because as you said, the situation is very volatile, so when we manage it wrongly, and we need, and we sell when the price is down it is a loss that occurs.

 

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