Cryptocurrency good or bad for loan?

[armanda90]

You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage  too.  For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.

Not good ideas taking loan using cryptocurrency exactly bitcoin or top altcoin such as BNB and ETH. Have bigger high risk than lower risk when deadline of repayment make price pump drastically and pay more from price increasing until loan interest.
The same in my country with loan using gold, most of them take loan duration until two or three years but when repayment price of gold get increasing more than 10% to 15%. Better loan using fiat or cash and make us not get risk such as loan using cryptocurrency.

[bettercrypto]

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?

You know, there's nothing wrong with borrowing as long as you know how to properly control and manage the money you borrow. Just don't make it a habit,
because others make it a habit like employed people.

It's even more reasonable if you use the money you borrow to buy top altcoins or bitcoin and then hold it for the long-term, at least the money
you borrow will definitely have a destination.

[Rubel007]

You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage  too.  For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.

Not good ideas taking loan using cryptocurrency exactly bitcoin or top altcoin such as BNB and ETH. Have bigger high risk than lower risk when deadline of repayment make price pump drastically and pay more from price increasing until loan interest.
The same in my country with loan using gold, most of them take loan duration until two or three years but when repayment price of gold get increasing more than 10% to 15%. Better loan using fiat or cash and make us not get risk such as loan using cryptocurrency.

Investing in cryptocurrencies with loans is risky, but this is not a problem for someone who has the ability to repay the loan. The main reason for discouraging people from taking loans is that there is a risk of large losses at any time due to volatility. However, if those who have the ability to repay the loan and the same time can invest in top coins with loans, then I think it can definitely be a good investment. Especially if you make a long-term investment plan in top coins, there is high povability of getting good results.

[Crypto Library]

Whether you do have a chance on getting a loan, its never been ideal on taking up some loan just to invest on crypto not unless if you do have that capability on repaying it out without depending into your crypto investment but if you are just basing into that then it will really be that too risky on this case. Never make yourself having this kind of mentality because it will really be that resulting into debts or having that issues when it comes to finances on this aspect. Never take a loan to invest in crypto because it will really be that not enough on repaying up the loan because we dont know on when crypto prices will be pumping out or simply you cant be able to rely.

I always try to avoid taking loans for anything as much as possible, on the contrary, I try to save in advance so that I can face any emergency situation. However, it has happened to me that although I did not take a loan myself, many of my friends or neighbors had to give loans. I myself currently get a good amount of money back from about seven people, most of whom are not thinking of repaying my money yet.  And from this position, I never think that investing in debt would be a wise thing to do.

[yohananaomi]

Everyone has their own considerations in investing but I agree with you that you should not use borrowed money for investment or trading, because the risk is high. And we should use funds that we can afford to lose. A capital of $1000 is big for me, so if I have that much capital I will use half of it and the rest for reserves in case of emergency.

That is why I always try to divided my incoming funds in three different parts like one part on the Bitcoin investment what I regularly do even then there us also gap, and on the another part I try to hold the USDT and also with the another part I use for my daily necessity with the fiat currency and even then there was savings from that.

And I also invest on some few altcoins from the USDT I mean I mean from the stable fund what I hold for the emergency situations.

good financial management when you divide your funds into 3 parts and prepare funds for emergency needs. I also divide my funds into two parts, some for investing in crypto and some for savings in FIAT because sometimes there are emergency needs for my family that I have to fulfill.

Of course, what you do is very wise because we cannot avoid the need for emergency funds, which must always be prepared in fiat form. For that, in investment, it is highly recommended, as you said, dividing it into adjusted portions. Where you can still invest in crypto, but can also have tactical funds in the form of cash when there is an emergency and there is no need to sell our crypto investment. Because if we sell when the price drops then we will experience losses that we cannot avoid.

[Crypto Library]

Of course, what you do is very wise because we cannot avoid the need for emergency funds, which must always be prepared in fiat form. For that, in investment, it is highly recommended, as you said, dividing it into adjusted portions. Where you can still invest in crypto, but can also have tactical funds in the form of cash when there is an emergency and there is no need to sell our crypto investment. Because if we sell when the price drops then we will experience losses that we cannot avoid.

Yes, it is true that emergencies can arise at any time, and in this case, I am not saying that we will always be able to cover our emergencies with our saved funds, but I think that having savings will reduce our struggle, even if it is mild in emergency situations.
And for this, I always keep my investment and my earnings at a certain level and then invest so that I don't lose money in my emergency situation later.

[dekafee79]

Of course, what you do is very wise because we cannot avoid the need for emergency funds, which must always be prepared in fiat form. For that, in investment, it is highly recommended, as you said, dividing it into adjusted portions. Where you can still invest in crypto, but can also have tactical funds in the form of cash when there is an emergency and there is no need to sell our crypto investment. Because if we sell when the price drops then we will experience losses that we cannot avoid.

Yes, it is true that emergencies can arise at any time, and in this case, I am not saying that we will always be able to cover our emergencies with our saved funds, but I think that having savings will reduce our struggle, even if it is mild in emergency situations.
And for this, I always keep my investment and my earnings at a certain level and then invest so that I don't lose money in my emergency situation later.

We must have savings for emergencies because this is very important. Especially in investing in crypto so that the crypto assets we hold are not disturbed, we must save our money in savings if at any time there is an emergency need we can use it.

[doc]

You are right. from my experience taking loan in crypto is risky, although it has both advantage and disadvantage  too.  For example, if someone took a 0.1 BTC loan when Bitcoin price was yet $45k some months ago, the person will need $10, 490 to re-buy the Bitcoin now and repay his loan, meanwhile when he took the loan, the 0.1 BTC was just worth $4, 500 because the price was $45k as of then, that's the disadvantage but if price of Bitcoin had drop to $45k to $20k, it will be and advantage for the person. Despite that, I will advise against taking loan in crypto. Better to take fiate loan.

Not good ideas taking loan using cryptocurrency exactly bitcoin or top altcoin such as BNB and ETH. Have bigger high risk than lower risk when deadline of repayment make price pump drastically and pay more from price increasing until loan interest.
The same in my country with loan using gold, most of them take loan duration until two or three years but when repayment price of gold get increasing more than 10% to 15%. Better loan using fiat or cash and make us not get risk such as loan using cryptocurrency.

Investing in cryptocurrencies with loans is risky, but this is not a problem for someone who has the ability to repay the loan. The main reason for discouraging people from taking loans is that there is a risk of large losses at any time due to volatility. However, if those who have the ability to repay the loan and the same time can invest in top coins with loans, then I think it can definitely be a good investment. Especially if you make a long-term investment plan in top coins, there is high povability of getting good results.

Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
 If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.

[BitMaxz]

Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
 If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.

I don't think that's too risky if you know the price will increase if you started to take a loan last year and invested in BTC, you should have already made x5 profit if you started to invest it in BTC before the bullish season started.
However, this time if you take a loan to invest in BTC that is a very risky decision just like today because BTC is too volatile and we do not know if the price will continue to rise.

[enwi]

Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
 If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.

I don't think that's too risky if you know the price will increase if you started to take a loan last year and invested in BTC, you should have already made x5 profit if you started to invest it in BTC before the bullish season started.
However, this time if you take a loan to invest in BTC that is a very risky decision just like today because BTC is too volatile and we do not know if the price will continue to rise.

When deciding on something as major as using a loan to make an investment we have got to have our work backed up with analysis and our strategy. As we can see not all the conditions that are characteristic to the market are suitable for such action so every action should be taken with respect to the existing conditions. We are not in a hurry and can focus on the usage of more stable sources of financing and take more careful approach to risk. Diversification is also one of the ways through which it is easy to minimize on stress especially when market does not respond as it was expected. When making any financial decision it is always necessary that the chance factor together with the responsibility factor be put into consideration so that the organisation can be able to balance itself in the future.

[Crypto Library]

We must have savings for emergencies because this is very important. Especially in investing in crypto so that the crypto assets we hold are not disturbed, we must save our money in savings if at any time there is an emergency need we can use it.

The reason behind this is that I saw a local mate of mine who sold his bitcoin holdings at a loss in an emergency situation. He used to hold most of his income in bitcoin.  Which I always not prefer.
And that's why, after seeing these experiences before my eyes, I always try to divide my funds separately and then deposit a certain amount of funds from the income in each fund.

[rizqillah]

We must have savings for emergencies because this is very important. Especially in investing in crypto so that the crypto assets we hold are not disturbed, we must save our money in savings if at any time there is an emergency need we can use it.

The reason behind this is that I saw a local mate of mine who sold his bitcoin holdings at a loss in an emergency situation. He used to hold most of his income in bitcoin.  Which I always not prefer.
And that's why, after seeing these experiences before my eyes, I always try to divide my funds separately and then deposit a certain amount of funds from the income in each fund.

Dividing funds separately is the right way because we must have a reserve fund so that our investment in crypto is not disturbed when we need funds to meet emergency needs.
I also once sold my bitcoin at a loss because I needed money for my family and that was my experience in the past to always have a reserve fund.

[enwi]

Dividing funds separately is the right way because we must have a reserve fund so that our investment in crypto is not disturbed when we need funds to meet emergency needs.
I also once sold my bitcoin at a loss because I needed money for my family and that was my experience in the past to always have a reserve fund.

Evaluating the money spent and expending a day’s amount intelligently or investing it for the future is a step that indicates management. When we have an operating backup, it becomes easy to wait when aspects we don’t like come up, but we are not forced to lose the chances we have gained. Previous incidents are useful as a reference in pursuit of continually enhancing how approaches to evaluation and strategy are constructed. While spending nearly fifty percent of the budget on the immediate needs of the society, it is possible to prevent such needs from jeopardising the long-term funding strategy. With every plan we make today, governance of the future security and sustenance has a step by step process already in motion.

[Crypto Library]

Dividing funds separately is the right way because we must have a reserve fund so that our investment in crypto is not disturbed when we need funds to meet emergency needs.
I also once sold my bitcoin at a loss because I needed money for my family and that was my experience in the past to always have a reserve fund.

This not only helps me in emergency situations besides covers me up in emergency situations it also maintains my self-control in my long-term investments and no kind of FUD can easily affect me.
For example, in this case, I have invested such an amount of funds in my long-term investment that I can afford to lose and the main thing is that the fund is a lazy fund, so whether it brings quick profits or brings late profits does not matter much to me. Basically, I am happy if I get a good profit for the long term in this investment. So it is also protecting my self from the FUD's.

[UNIVERSE]

Agreed, investing in Crypto using loan money is very risky because of the volatility of the crypto market and we know the time of the market time can be corrected. Whereas installments must be paid according to their maturity.
 If we have the ability to pay for other definite incomes, for example we have salary and business results in the real world, maybe invest in crypto with loans will cause a problem.

Yes, it is too risky to invest with borrowed or loan money.
There is no guarantee to get profits, we possibly end up with losses. We can imagine if we are unlucky and end up with losses. How we replay the loan money? That's why it is better to use safe money for investment. No doubt this can bring a problem for a long run. We must avoid investing with loan money. We have DCA method if we have no much money.