Cryptocurrency good or bad for loan?

[Celph]

Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.

I don't advise taking loans to investin cryptocurrency, beside we never know what's coming. Taking loans to invest means you are investing in a short term project so that you can you pay on time. And from what I understand about loans there are some interest that are added based on time factor. Let's take bitcoin for example, even if bitcoin price has been increasing from the genesis block there are still minor dips or dump period where the market experience downtrend and if your investment falls under this period you will definitely not get back profit except you decide to wait for long term which may lead to overlapping with your loan duration.

   I think this talks about it all.if you borrow a certain amount to pay back maybe within the apace of a month,you might probably not get back the capital or the funds you borrowed.Maybe or maybe not because the market season most times could be very unpredictable and unless you make your investment decisions with your own money, you have a certain percentage pf earning for sure cause the pressure of paying back is not there.
   Ive had a friend in this position before; lets call him donald. Donald borrowed a certain amount of money money while the market was looking good.With a time phrase of 15 days,he ought to pay back.after bout six days,the market experienced a complete turnover.Donald lost just 20 percent of the capital handed over ti him.In a bit of hurry to pay back, he made certain decisions which sounded completely abnormal to him later on after he lost all the money loaned out to hil.
  Point is that while you are investing with money thats not yours, pressure could make you take sone certain actions which you might solely regret later on.I do not personally sit on the idea of taking loans to invest.Though situations might  differ, whichever is best for you, uou take your action and make your own decision your self.

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

   Managing risks while taking these risks too is important bit it is wise to know that some certain risks are meant to be backed out of cause certain tribulations should be welcomed.Its not particularly all about managing these risks,its about being wise when taking these risks at first hand.
   

[itscryzie]

Agree with what you said that everyone who wants to take out a loan will always experience risks and that the risk is determined by the ability that can be done, and for professionals, loans are common because when they have to develop, new capital is needed and if there are no funds, the best way is to use a loan that must have been thought out well before deciding on it.

I don't advise taking loans to investin cryptocurrency, beside we never know what's coming. Taking loans to invest means you are investing in a short term project so that you can you pay on time. And from what I understand about loans there are some interest that are added based on time factor. Let's take bitcoin for example, even if bitcoin price has been increasing from the genesis block there are still minor dips or dump period where the market experience downtrend and if your investment falls under this period you will definitely not get back profit except you decide to wait for long term which may lead to overlapping with your loan duration.

   I think this talks about it all.if you borrow a certain amount to pay back maybe within the apace of a month,you might probably not get back the capital or the funds you borrowed.Maybe or maybe not because the market season most times could be very unpredictable and unless you make your investment decisions with your own money, you have a certain percentage pf earning for sure cause the pressure of paying back is not there.
   Ive had a friend in this position before; lets call him donald. Donald borrowed a certain amount of money money while the market was looking good.With a time phrase of 15 days,he ought to pay back.after bout six days,the market experienced a complete turnover.Donald lost just 20 percent of the capital handed over ti him.In a bit of hurry to pay back, he made certain decisions which sounded completely abnormal to him later on after he lost all the money loaned out to hil.
  Point is that while you are investing with money thats not yours, pressure could make you take sone certain actions which you might solely regret later on.I do not personally sit on the idea of taking loans to invest.Though situations might  differ, whichever is best for you, uou take your action and make your own decision your self.

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

   Managing risks while taking these risks too is important bit it is wise to know that some certain risks are meant to be backed out of cause certain tribulations should be welcomed.Its not particularly all about managing these risks,its about being wise when taking these risks at first hand.
 

Taking a loan for crypto investments is risky, especially if you're unsure about repayment. The crypto market is unstable, and even experienced investors can lose money. It's better to use only the funds you can afford to lose.

My advice is to start small: study the market and test strategies with small amounts. Risk management is important, but sometimes it's better to avoid risky moves.

[Rubel007]

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

It can definitely happen. Crypto market is a completely uncertain platform. At the time when we are hoping to be more profitable from here, the market can move in the opposite direction, which is why there is no guarantee of investment. But for those who have the ability to hold the investment for a long time, this platform can give good returns, which is why one should definitely refrain from investing borrowed money or loan money, otherwise the investor may face big losses.

[debra]

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

Yes, it will be too risky if we decide to take a loan for trading or for investment. We must always follow the common saying that we only use the money that we afford to lose. If we have no much money, we can use DCA method. In this way, we only need small funds for buying crypto coins. But it is for a long term, we can use DCA to buy most recommended coin such as BTC or top altcoins. Sure, crypto prices will always fluctuate and market trend can be unpredictable. So it is important to choose the safest coins for investment or trading.

[Report]

Looking for a loan in cryptocurrency is highly discouraged because it will directly increase and decrease the estimate to the dollar, we can also profit if the loan to the coin goes up but what if after we borrow and the coin goes down?, this is a disaster for us.
In the real world too, if we are not urgent about the problems we face, it would be better not to borrow money because borrowing money has an interest fee and that is what makes us a burden. We borrow 30 dollars and we have to return it around 40 dollars, that is an example of a small thing in loan calculations.

[dekafee79]

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

Yes, it will be too risky if we decide to take a loan for trading or for investment. We must always follow the common saying that we only use the money that we afford to lose. If we have no much money, we can use DCA method. In this way, we only need small funds for buying crypto coins. But it is for a long term, we can use DCA to buy most recommended coin such as BTC or top altcoins. Sure, crypto prices will always fluctuate and market trend can be unpredictable. So it is important to choose the safest coins for investment or trading.

If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.

[armanda90]

Yes, it will be too risky if we decide to take a loan for trading or for investment. We must always follow the common saying that we only use the money that we afford to lose. If we have no much money, we can use DCA method. In this way, we only need small funds for buying crypto coins. But it is for a long term, we can use DCA to buy most recommended coin such as BTC or top altcoins. Sure, crypto prices will always fluctuate and market trend can be unpredictable. So it is important to choose the safest coins for investment or trading.

Looks not problem about how method using when investing in bitcoin or altcoin such as DCA or not but using loan too risk because have to pay monthly loan interest and we must consistent take profit with short term way. Keep consistent earn profit in bitcoin or altcoin very difficult to manage but if have good controlling take profit much and enough for loan interest until several months later we can take opportunity for long term holding.
But take loan recently have higher loan interest and we must earn much profit for balancing monthly loan interest payment.

[Chilwell]

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.

That's right, because trading with a loan without a professional trader would not seem safe in any way, because there should be no problem even if you trade with a loan with professional traders who can control themselves, maintain limits on greed, and control their emotions. But for those who fail to achieve the above qualities, trading with loans will not be safe at all, and they will always be at a loss.

I understand the point that you are trying to prove, but that shouldn't be the case when it comes to emotions. I want you to understand that a professional trader and newbie Traders are both human beings. And there is not human being that is hundred percent perfect. Just the way newbie traders can be carried away by their emotions, the same way a professional trader can also be carried away by their emotions. Greediness can attract any trader regardless of standard or status, so I think the best thing to do is to avoid taking loan for investment, to prevent yourself from facing any problems if you lose the money. You can invest with your own money because you will be able to forgive yourself if the money is lost, but if you took loan and you lost, did you think you will go unpunished.

[debra]

If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.

You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.

[yohananaomi]

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

Indeed, what you said is very true that borrowing to invest in crypto is very high risk and everyone knows it. But if the loan we make can be paid without reducing the daily needs that must be met, I think it's okay to do that.
Once again, it all depends on the individual, because the one who knows our financial abilities is us.
So do everything wisely so as not to get into debt, which is certainly very detrimental.

[enwi]

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

Indeed, what you said is very true that borrowing to invest in crypto is very high risk and everyone knows it. But if the loan we make can be paid without reducing the daily needs that must be met, I think it's okay to do that.
Once again, it all depends on the individual, because the one who knows our financial abilities is us.
So do everything wisely so as not to get into debt, which is certainly very detrimental.

While is very convenient to take out a loan for investment, there are elements of risk that cannot be overlooked especially where the market is dynamic and volatile. But if there are enough money and if this would not create a problem on basic needs, then it is entitled on the individual’s discretion. The most important aspect is to guarantee that in undertaking any action, this is done meticulously with little reliance put on probable gains that are not probable to be realised. They also help in the achievement of the objective of avoiding money stress which is disastrous to a person financially. This implies that every option shouldn’t go out of the way in an attempt of creating advantage but in a way that would not become an issue in the future.

[LogitechMouse]

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

Trading alone is already risky. Let alone borrowing other people's money just to use it for trading.

There's nothing wrong with borrowing money for crypto trading because there are no rules stating that we must not do it, but let's be responsible enough to pay that loan still just in case you lost that money. Always take note that if you want to borrow money for trading, you must have some money that you can use in the future to pay that loan. Will I recommend borrowing for trading? No, unless you're an expert in trading, and you're already profitable consistently for a very long time, but if you're in that position, why will you borrow money at first place.

It's risky but still, there are some traders out there that are doing it. They aren't thinking of the possible risks at all.

[DavetJack]

At the moment that it do runs up into your mind then it will be better that you should stop on thinking about getting up some loan specially if you dont have the capability on repaying up those loans then it will be better that you shouldnt be pursuing on getting one. This is why when investing on crypto or making up some trading then its always best that you should be only making use of the amount that you can afford to lose and if ever you dont have anymore budget then better not to continue on what you are tending to do specially that leads you on taking up some loan. As much as possible it will be best that you dont take one if possible.

Risks should be managed appropriately, that's literally all to it.
If a person has a very small chance of repaying said loan - it will cause trouble, lots of trouble in the perspective, loan in crypto or not, it doesn't matter.

But if we borrow money for investment or crypto trading I think the risk is very high, especially if we borrow because we are tempted by the lure of big profits in crypto. The price of crypto fluctuates greatly but if we predict wrongly, and we borrow money for it. I think it will be a heavy burden for us.

Indeed, what you said is very true that borrowing to invest in crypto is very high risk and everyone knows it. But if the loan we make can be paid without reducing the daily needs that must be met, I think it's okay to do that.
Once again, it all depends on the individual, because the one who knows our financial abilities is us.
So do everything wisely so as not to get into debt, which is certainly very detrimental.

While is very convenient to take out a loan for investment, there are elements of risk that cannot be overlooked especially where the market is dynamic and volatile. But if there are enough money and if this would not create a problem on basic needs, then it is entitled on the individual’s discretion. The most important aspect is to guarantee that in undertaking any action, this is done meticulously with little reliance put on probable gains that are not probable to be realised. They also help in the achievement of the objective of avoiding money stress which is disastrous to a person financially. This implies that every option shouldn’t go out of the way in an attempt of creating advantage but in a way that would not become an issue in the future.

Yes, what you said is absolutely right. In my opinion, if we have financial difficulties, we should not invest with loans. Because wherever we invest, we are not 100% sure that we will be able to make a profit, because there is a lot of risk involved. And if we go into investment with loans, we will have a mental pressure, we will feel restless and will not be able to keep it for a long time, and if we hire investment and cannot keep it for a long time, then there is no benefit in investing there. If we invest for a short time, there is a high chance of us losing there. So, we will try if we have good finances, then buy a currency and invest it for a long time, then our currency will be useful. Thank you

[milewilda]

If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.

You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.

When you are just that having that relying with your day job salary then you wont really be having any options neither taking up a loan or would really be that just spending up your extra funds from your salary on buying up crypto currency of your choice. Yes, this is challenging but really that rewarding if it will be making up some good jumps if we do speak about price increase. Taking up some loan should really be your last resort or options on which you would really be needing up to do but be sure that you will be that responsible on repaying it back and this is the ethical thing that you must do.

[Rubel007]

If we don't have a large capital, the DCA method is the most efficient way to have crypto assets and gradually increase them. And there are many steps we can take in the crypto world to get capital by participating in airdrops and bounty campaigns, I agree with this.
using funds that we can afford to lose will make us more focused on investing.

You are right. DCA is a good way for the people who have limited funds. With this way, we don't need to buy coins with large number. Since we can use small funds, we don't need to take a loan for buying crypto coins. Sure, we can lose money in crypto investment, it has a big risk. So we must avoid using loan money. We must always use the money that we can afford to lose.

We can invest according to our own ability. I do not discourage those who have a source of income and who have the ability to repay the borrowed money they can invest by loan money or borrowed money. If someone holds Bitcoin for a long term of 4 to 8 years or more, they will definitely be able to benefit. Loans or borrowing are bad for those who do not have the ability to repay the money on time. Since cryptocurrency is highly volatile, that is why it is not advisable to invest with borrowed money.