Cryptocurrency good or bad for loan?

[DavetJack]

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.

Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.

[Sim_card]

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.

Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.

It will be better if an investor can try his possible best to make sure that he has extra funds to invest in bitcoin and he can use DCA to accumulate regularly with consistent and persistent overtime. It's not advisable to take loan and invest on a volatile asset like bitcoin. Loans sometimes, are big liabilities which will affect our financial strength our way or the other.

[alltalk]

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

Indeed, we shouldn't invest with loan money if we want to have a secure investment. No doubt that crypto investment is high risk, there is no guarantee for profits. Crypto is also very volatile, the price can change in a short time (can increase or decline significantly). When we use loan money, it should have the deadline for the repayment. We surely can have a big pressure when the crypto prices are declining in a long time. To avoid this, it is better to use our own money. We also don't force to invest as much as possible even if we use own money. Just use the money that we can afford to lose, use excess money (unused money)!!

[enwi]

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.

Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.

It will be better if an investor can try his possible best to make sure that he has extra funds to invest in bitcoin and he can use DCA to accumulate regularly with consistent and persistent overtime. It's not advisable to take loan and invest on a volatile asset like bitcoin. Loans sometimes, are big liabilities which will affect our financial strength our way or the other.

The correct management of finances in investment is a measure that has a big impact on our financial situation. In other words, one can invest without straining the basic requirements using extra money that is obtainable then get comfort in knowing that the items that are being invested in have an unpredictable price change. Regular accumulation on a plan increases the amount without excessive pressure and contributes to the formation of assets. On the other hand, the equity like instruments such as loans are also not safe to employ in funding these assets, they are really risky because no matter the market situation, one must continue to service the loans. This kind of decision-making will be less emotionally charged since our investment decisions are aligned with our capacity to fund them and therefore possess the potential of better endowment returns in the long term.

[rizqillah]

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.

Thank you brother for explaining it to us so beautifully. Yes, if we have good finances and can afford to pay off the loan, then we can invest in any currency for a long time by taking a loan. If we do not feel stressed when taking a loan, then we can invest in it by taking a loan.

It will be better if an investor can try his possible best to make sure that he has extra funds to invest in bitcoin and he can use DCA to accumulate regularly with consistent and persistent overtime. It's not advisable to take loan and invest on a volatile asset like bitcoin. Loans sometimes, are big liabilities which will affect our financial strength our way or the other.

Loans will disturb our focus in investing, and I agree that we must have a steady income to meet our living needs and invest. So that we do not take loans for investment, because this is very risky.
but for some professionals do it by taking loans, honestly I do not dare to do it.

[dekafee79]

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

Indeed, we shouldn't invest with loan money if we want to have a secure investment. No doubt that crypto investment is high risk, there is no guarantee for profits. Crypto is also very volatile, the price can change in a short time (can increase or decline significantly). When we use loan money, it should have the deadline for the repayment. We surely can have a big pressure when the crypto prices are declining in a long time. To avoid this, it is better to use our own money. We also don't force to invest as much as possible even if we use own money. Just use the money that we can afford to lose, use excess money (unused money)!!

I agree with you, who suggested using money that we can afford to lose in investing in crypto, because in investment we do not always profit, especially short-term investment.
If taking a loan will make us experience pressure when we see the crypto market fall and we have to pay installments.

[DavetJack]

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

Indeed, we shouldn't invest with loan money if we want to have a secure investment. No doubt that crypto investment is high risk, there is no guarantee for profits. Crypto is also very volatile, the price can change in a short time (can increase or decline significantly). When we use loan money, it should have the deadline for the repayment. We surely can have a big pressure when the crypto prices are declining in a long time. To avoid this, it is better to use our own money. We also don't force to invest as much as possible even if we use own money. Just use the money that we can afford to lose, use excess money (unused money)!!

I agree with you, who suggested using money that we can afford to lose in investing in crypto, because in investment we do not always profit, especially short-term investment.
If taking a loan will make us experience pressure when we see the crypto market fall and we have to pay installments.

Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you

[Cryptsafe]

Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you

It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.

[doc]

Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you

It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.

Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.

[debra]

Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.

You're right. Even if we invest in Bitcoin, it is also classified as a risky investment. So, it is not safe to use loan money for altcoins or Bitcoin investment. Why don't se use our own money? If we have limited money, we can do DCA. With this method, we can buy crypto coins gradually. We don't need to buy big number of crypto coins suddenly. This way is surely safer, so why we don't choose this way, right?

[JISAN]

Investing in crypto is very risky, so it is not recommended to take out a loan.
In addition to security issues, the crypto market is very volatile, we cannot predict prices accurately. So loans will make us feel stressed and not focused on investing and trading, I agree with this opinion.

You're right. Even if we invest in Bitcoin, it is also classified as a risky investment. So, it is not safe to use loan money for altcoins or Bitcoin investment. Why don't se use our own money? If we have limited money, we can do DCA. With this method, we can buy crypto coins gradually. We don't need to buy big number of crypto coins suddenly. This way is surely safer, so why we don't choose this way, right?

Considering some aspects, investing in Bitcoin with a loan can be somewhat profitable if the investor can hold it for a long period of time.  Because the amount of Bitcoin multiplayer in a certain circle is much higher than the bank interest.  But one who invests with a loan must have a loan with less than 8% APR interest.  But yes it is very risky so those who want to invest in crypto with lol must be aware of this risk.  Otherwise, he will panic if the price of his investment crypto falls.  And if he somehow sells it at a loss, then this time he has to accept a much bigger loss

[doc]

Considering some aspects, investing in Bitcoin with a loan can be somewhat profitable if the investor can hold it for a long period of time.  Because the amount of Bitcoin multiplayer in a certain circle is much higher than the bank interest.  But one who invests with a loan must have a loan with less than 8% APR interest.  But yes it is very risky so those who want to invest in crypto with lol must be aware of this risk.  Otherwise, he will panic if the price of his investment crypto falls.  And if he somehow sells it at a loss, then this time he has to accept a much bigger loss

Investing in bitcoin for the long term using loan interest is not good because we have to pay installments every month, but if we have an income that can cover the installments, we can take the loan and don't need to panic when the crypto market experiences a correction.
unfortunately I don't have the courage to take a loan to invest in crypto.

[DavetJack]

Yes, if we invest in a short term, we have a higher chance of loss. In my opinion, investing with loans is not right, because it puts pressure on us as people, due to which we cannot invest a lot of money for a long term. Yes, it is not right for us to invest with loans. We have to keep this in mind that if we invest a little, then the chance of loss is much less than making it a long term investment. Thank you

It has never been advisable to invest with loans because crypto is a volatile market and can not be predicted as at any point in time, anything can happen. Okay let us take the event of the Bybit hack, I believe the CEO and staff of Bybit were never aware that such could happen and if I am not mistaken, some of the stolen funds might belong to some account holders who borrowed much money to invest them in crypto hoping to get profit from their trade and something of that nature happened to them losing their funds. How then can they explain that their funds got stolen from the exchange where they had deposited them? These are sometimes factors to consider before taking a loan for crypto investment.

We will never advise investing with debt. Because if we join Binod by taking debt for our mental stress, we will never be successful there. I keep saying the same thing, I think even if we have the ability to invest, if we invest in a currency for the long term, then there is hope of getting something good from it. We also know that the risk of investing in this crypto currency is very high, but we go ahead with the investment with our risk.

[nomenclatur]

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?

Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.

[milewilda]

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?

Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.

The only time that you would be considering crypto to be a main source of income is on the time or moment that you do become a professional trader on which you are already that making up some sustainable profitable trades in each month and you've been able to achieve or attain this for long then its the moment on which i do consider that you can make it as a full time job, but if you are really just that casually making up some trades and made out some extra then its good but its not something that you will be able to rely yourself with it.  When it comes into taking up some loan then its never been that recommended that you would really be getting just to make out some investment with crypto on which we know that it doesnt really give out any sureness about making profits because at the time or moment that you dont be able to make profits with your investment, then how you would be able to repay the loan?