Cryptocurrency good or bad for loan?

[LogitechMouse]

Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.

Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.

I wonder what's considered safe money.

I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.

Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.

[JISAN]

Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.

Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.

I wonder what's considered safe money.

I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.

Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.

If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit.  This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.

[dekafee79]

If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit.  This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.

Investing in crypto is full of risks and if you borrow money to invest in crypto I think it's double risk, I agree with this. but if we have the knowledge and expertise in analyzing coins and markets, we can take out the loan and understand the risks.
but many advise not to borrow, I also agree because with free money we can focus more and without the burden of thinking about installments.

[yohananaomi]

If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit.  This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.

Investing in crypto is full of risks and if you borrow money to invest in crypto I think it's double risk, I agree with this. but if we have the knowledge and expertise in analyzing coins and markets, we can take out the loan and understand the risks.
but many advise not to borrow, I also agree because with free money we can focus more and without the burden of thinking about installments.

I think the matter of loans for investment all depends on the individual. As long as they can pay the loan installments without reducing daily expenses, then they deserve to want to do that, so it is seen from yourself first. It is indeed very good if you don't have a loan and that is very good and not everyone can do that.
I totally agree that you have to be smart in analyzing if you want to get involved in investing in crypto, because we know that the risks are very large and the results are also very commensurate with the risk.

[Chilwell]

Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.

Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.

I wonder what's considered safe money.

I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.

Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.

You borrowed money to invest in cryptocurrency and you succeeded, but still you should not advise others to borrow money to invest in cryptocurrency. Because you are different from others, and the way it work out for you, it may not work out for others. I won't deny what you said, because I don't know the brain behind it. But before someone should take any action they are certain things that you need to put into consideration, borrowing money to invest is a serious issue, because you don't know the outcome of your investment, if care is not taken and the person lose the money is going to be extremely difficult for him.

[LogitechMouse]

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If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit.  This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.

Well, that's the reason why we always say to newbies that they need to learn first before investing because if they continue learning, they can maximize other people's money with their knowledge (borrowing and taking a loan).

I don't think that luck plays a big role when it comes to investing. Maybe if you're focused on lower market cap coins, but if you're focused only on Bitcoin or even Ethereum, knowledge is more important than luck. So, you're saying that what happened to me is considered "rare" scenario then because it happened to me, and I did manage to pay of my loan?

It's a big risk to borrow money just to invest don't get me wrong, but like you said, if you have knowledge with regards the market, if you know how the crypto market is moving, you will have an idea on what will happen a few years from now hence, building a strategy from it.

[PX-Z]

I think the matter of loans for investment all depends on the individual. As long as they can pay the loan installments without reducing daily expenses,..

If that's the case then better to use fiat or any stablecoin for loans not those volatile crypto assets because of the same logic of investments. You may be able to pay your loan but the amount you're paying might be double or even triple after how many months of paying depends on the payment terms. Great enough if the value decreases but worst if otherwise.

[Rubel007]

Taking a loan to invest in crypto is not advisable by the experts because crypto is unstable and everytime you can loss it is very high on volatility and you will see your investment in an up and down status,the problem of the loan is that you need to pay for the interest on time and in crypto you will not get your profit on time because it will go up and down that is why i suggest to invest your own money and don't take any loan to avoid problems,make crypto as a part time work and continue your regular work.

Not only in crypto, investing in other kind of investment is also not advisable. Investment has a risk, and there is no guarantee for profits. We must always use the safe money to avoid potential problems in the future. If we use safe money, it won't influence much our life even if we get losses in the future. But if we use loan money for investment, yes we may experience big problems in the future. And we not only use the amount of money that we borrow, we also need to pay the interest.

I wonder what's considered safe money.

I'm a prime example of "borrowing money just to invest it into cryptocurrency". I've done it during the bear market and right now, I've already more than tripled that money that I borrowed. To cut the story short, I've paid the money that I borrowed already, and I'm in profit currently. I believe that taking a loan just to invest into cryptocurrency isn't a bad idea. It's all about which coin will you invest that money, and the timing is also crucial as well.

Taking a loan, and invest it during the bear market isn't a bad idea, right? I mean as long as you have extra funds to use to pay that loan.

You borrowed money to invest in cryptocurrency and you succeeded, but still you should not advise others to borrow money to invest in cryptocurrency. Because you are different from others, and the way it work out for you, it may not work out for others. I won't deny what you said, because I don't know the brain behind it. But before someone should take any action they are certain things that you need to put into consideration, borrowing money to invest is a serious issue, because you don't know the outcome of your investment, if care is not taken and the person lose the money is going to be extremely difficult for him.

A person can have a good investment knowledge. That is why he can be profitable from his investment by borrowing money through a good investment but there is no guarantee that others will be like you. They may be more knowledgeable than you or less but if they make a mistake in investing then they can be more affected by the money they have borrowed which is why borrowing is right for one person but not for another. Although cryptocurrency is the most volatile but if someone can afford to invest in Bitcoin for the long term then I think he will not lose. If someone can provide money to hold it for the long term then borrowing money is not bad.

[Cryptsafe]

If you want to borrow and invest in crypto, you must have a very good knowledge of the market. Maybe you have a good knowledge of the market and can analyze how well a coin can do, or you've had a lot of luck because you borrowed money and invested in crypto and made a lot of profit. It is very rare to see someone who borrows and invests in crypto to pay off the loan and keep the profit.  This is a very big risk so if one can afford to accept this risk then he must earn money by borrowing and investing otherwise it can have a bad effect on him.

Investing in crypto is full of risks and if you borrow money to invest in crypto I think it's double risk, I agree with this. but if we have the knowledge and expertise in analyzing coins and markets, we can take out the loan and understand the risks.
but many advise not to borrow, I also agree because with free money we can focus more and without the burden of thinking about installments.

I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.

[rizqillah]

A person can have a good investment knowledge. That is why he can be profitable from his investment by borrowing money through a good investment but there is no guarantee that others will be like you. They may be more knowledgeable than you or less but if they make a mistake in investing then they can be more affected by the money they have borrowed which is why borrowing is right for one person but not for another. Although cryptocurrency is the most volatile but if someone can afford to invest in Bitcoin for the long term then I think he will not lose. If someone can provide money to hold it for the long term then borrowing money is not bad.

I still have the view that borrowing money to invest in crypto is not good, because investing in crypto is very risky. Moreover, borrowing money to hold bitcoin for the long term, we also have to think about returning the loan every month.
unless we have other income that we can use to meet our needs and pay installments from the loan.

[UNIVERSE]

I still have the view that borrowing money to invest in crypto is not good, because investing in crypto is very risky. Moreover, borrowing money to hold bitcoin for the long term, we also have to think about returning the loan every month.

Yes, your assumption is true that taking a loan isn't good. We can invest in crypto with DCA, we don't need to take a loan. There is no guarantee for profits in crypto investment, it will be very risky to use the loan money. It is because we don't know how long we will invest in the coin, sometimes it can take for few years. If we must repay the loan in few weeks/months, we can't ensure the repayment. This will bring a trouble in the future.

[dekafee79]

I think the matter of loans for investment all depends on the individual. As long as they can pay the loan installments without reducing daily expenses,..

If that's the case then better to use fiat or any stablecoin for loans not those volatile crypto assets because of the same logic of investments. You may be able to pay your loan but the amount you're paying might be double or even triple after how many months of paying depends on the payment terms. Great enough if the value decreases but worst if otherwise.

I agree with you, if we decide to take a loan it should be in the form of FIAT or stable coins. because it is clear how much we borrow. If in the form of bitcoin or other altcoins, the loan that we have to have can change 2 times or more depending on the value of the coin, and this will make us lose. but borrowing to invest crypto is not recommended, according to the opinions of many members and I agree with this opinion

[doc]

I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.

Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.

[Cryptsafe]

I will never take loan to invest in Crypto when I know how risky it is. Crypto is very risky and anyone going for loan to invest in it must be able to have a good analysis because that would guide them through to knowing more about the project, knowing the right time to invest in that project and also the right time to take profit so that one does not get trapped in the market.

Taking out a loan to invest in crypto can be done by professionals who can trade properly, but it doesn't suit me. because I'm still learning to trade. The risk of trading is big and I won't increase that risk by taking out a loan.
I prefer to use free money for trading and investing because it makes me more relaxed, because I only invest in crypto with money that I can afford to lose.

Yes it is good to trade and invest with your funds you could afford to lose if you are a learner or you have been able to learn a bit but not to a mastery level because you will have rest of mind while trading and nothing will put you under pressure if your trading or investment goes south and the loan has not been repaid.

It is true that trading is very risky when it comes to Crypto and the volatility is uncontrollable with many factors surrounding and affecting it. These alone should make traders being very careful and alert when trading because anything can happen and even the slightest rumours can turn the event to what is never expected.

[dekafee79]

Yes it is good to trade and invest with your funds you could afford to lose if you are a learner or you have been able to learn a bit but not to a mastery level because you will have rest of mind while trading and nothing will put you under pressure if your trading or investment goes south and the loan has not been repaid.

It is true that trading is very risky when it comes to Crypto and the volatility is uncontrollable with many factors surrounding and affecting it. These alone should make traders being very careful and alert when trading because anything can happen and even the slightest rumours can turn the event to what is never expected.

for beginners it is better to use small capital to learn and gain experience, by using capital that he can afford to lose. because in trading and investing in crypto we must be prepared to lose, because it is not easy to become proficient.
becoming a holder is a suitable choice for newbies, while he learns to gain knowledge and experience, that's what many people do at the beginning of investing in crypto.