Cryptocurrency good or bad for loan?

[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.

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 could imagine the current market situation and how you are panicking against the price decline and rushing to sell off so that you would not get trapped talk more about those who took loans and are already trapped in this kind of situation and maybe the date of repayment is within a short time for which they had promised to return with profit and all of a sudden this happens. I believe they would not be at rest and would be thinking of how to meet up with the loan payment. This is why we should avoid loans for crypto at all costs.

[dave_strider]

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.

Crypto is your second portfolio and pocket of sorts.

But your first one should be your bigger one, the one from which the flow of capital goes.

Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.

[DavetJack]

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.

Crypto is your second portfolio and pocket of sorts.

But your first one should be your bigger one, the one from which the flow of capital goes.

Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.

Yes, we who are vacationers and big users come to this crypto currency mainly to earn income. And from here, most of us users mainly invest and trade with the market. But we also have to keep in mind that no matter how much we are interested in investing, we should not invest with loans. And if we can afford it, we will try to invest for a long time.

[yohananaomi]

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.

Not everyone dares to take out a loan, like you and me that there is no ability to be able to pay the installments from the loan interest that occurs.
But once again, I do not refuse if someone dares to take out a loan for anything against crypto as long as he is able to pay the installments imposed by not using funds for daily needs, which remain a priority.
Ideally, it is to use excess funds that are not used for crypto investment, but not everyone has that.

[DavetJack]

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.

Crypto is your second portfolio and pocket of sorts.

But your first one should be your bigger one, the one from which the flow of capital goes.

Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.

Yes, of course we invest in crypto currency for your profit. But if we invest with a loan, whether it is for a long term or for a short period of time, we will not be able to improve there. Because I will never say to invest in any currency with a loan. We know that there is no guarantee in the market of this crypto currency. Yes, I agree that if you invest in any currency for a long term, there is a possibility of getting something good from it.

[Rubel007]

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.

Crypto is your second portfolio and pocket of sorts.

But your first one should be your bigger one, the one from which the flow of capital goes.

Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.

Yes, of course we invest in crypto currency for your profit. But if we invest with a loan, whether it is for a long term or for a short period of time, we will not be able to improve there. Because I will never say to invest in any currency with a loan. We know that there is no guarantee in the market of this crypto currency. Yes, I agree that if you invest in any currency for a long term, there is a possibility of getting something good from it.

Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the  loan will not be able to succeed even with a long-term plan for loan. Rather, their  loan money will increase, and later, if the burden of this  loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.

[DavetJack]

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.

Crypto is your second portfolio and pocket of sorts.

But your first one should be your bigger one, the one from which the flow of capital goes.

Surely, we invest to profit, but it won't be done in one day - we need to keep things stable and simple enough.

Yes, of course we invest in crypto currency for your profit. But if we invest with a loan, whether it is for a long term or for a short period of time, we will not be able to improve there. Because I will never say to invest in any currency with a loan. We know that there is no guarantee in the market of this crypto currency. Yes, I agree that if you invest in any currency for a long term, there is a possibility of getting something good from it.

Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the  loan will not be able to succeed even with a long-term plan for loan. Rather, their  loan money will increase, and later, if the burden of this  loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.

Yes, the amount of money Bitcoin has dumped in the last 2 days has made investing in Bitcoin a bit risky. We still don't know what Bitcoin can do or how it can be in the future. Will it pump or dump in the future, but I think that in the last few days, the value of Bitcoin has decreased, and the value of almost all coins has decreased. If this continues, it is beyond imagination where the value of all coins will go in the future. Even then, those of us who are interested in investing, we will watch the market for a few days and then we will move towards investing.

[dekafee79]

Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the  loan will not be able to succeed even with a long-term plan for loan. Rather, their  loan money will increase, and later, if the burden of this  loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.

I agree with you and many other members' comments here, we should not invest with loans because it is very risky.
We realize that investing in crypto is very risky, plus we have to take the risk of taking on debt that must be paid in installments.
I think invest with free money, because we will be more focused and not under pressure.

[UNIVERSE]

Not everyone dares to take out a loan, like you and me that there is no ability to be able to pay the installments from the loan interest that occurs.
But once again, I do not refuse if someone dares to take out a loan for anything against crypto as long as he is able to pay the installments imposed by not using funds for daily needs, which remain a priority.
Ideally, it is to use excess funds that are not used for crypto investment, but not everyone has that.

I think it is not about dare or not. We may dare to take a loan but we think it is not the safe way for crypto investment. I personally really support the people who avoid loan money for the capital of crypto investment. We can do DCA, or we buy a smaller number of crypto coins gradually. This is much better than we take a loan.

But it is no problem if there are people who want to take a loan. They may be professional investors/traders. They may also have enough money for the repayment.

[JISAN]

Not everyone dares to take out a loan, like you and me that there is no ability to be able to pay the installments from the loan interest that occurs.
But once again, I do not refuse if someone dares to take out a loan for anything against crypto as long as he is able to pay the installments imposed by not using funds for daily needs, which remain a priority.
Ideally, it is to use excess funds that are not used for crypto investment, but not everyone has that.

I think it is not about dare or not. We may dare to take a loan but we think it is not the safe way for crypto investment. I personally really support the people who avoid loan money for the capital of crypto investment. We can do DCA, or we buy a smaller number of crypto coins gradually. This is much better than we take a loan.

But it is no problem if there are people who want to take a loan. They may be professional investors/traders. They may also have enough money for the repayment.

Investment on cryptocurrency is good idea for now, because crypto is future money and crypto is able to pay high profit but investment with loan is not good for any way. Because crypto is high volatile currency so crypto will not give financial advance for anyone. one can make good profit from crypto and also can loss on cryptocurrency according to there crypto experience and analysis skills. but no one can guarantee there profit, so take loan with high interest and invest that money on crypto is stupid idea

[enwi]

Investment on cryptocurrency is good idea for now, because crypto is future money and crypto is able to pay high profit but investment with loan is not good for any way. Because crypto is high volatile currency so crypto will not give financial advance for anyone. one can make good profit from crypto and also can loss on cryptocurrency according to there crypto experience and analysis skills. but no one can guarantee there profit, so take loan with high interest and invest that money on crypto is stupid idea

Yes, the opportunities of investing in cryptocurrencies is always interesting due to the high profitability, but one should be cautious with the money. Investing in assets where there is volatility in the price levels is always a great risk if you have to use money in the form of loans. Yes, Crypto does provide the provisions through which investors stand to gain in specific ways but there are no guarantees that any certain outcomes will be achieved and investment must always involve careful analysis. Experience and skills in reading market movements of an economy’s denominated assets make it possible to earn gains but this comes with likely losses as well. That is why depending on finances from high interest operations to purchase assets characterized by large fluctuations in price is not effective for increasing revenues in the long term.

[Rubel007]

Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the  loan will not be able to succeed even with a long-term plan for loan. Rather, their  loan money will increase, and later, if the burden of this  loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.

I agree with you and many other members' comments here, we should not invest with loans because it is very risky.
We realize that investing in crypto is very risky, plus we have to take the risk of taking on debt that must be paid in installments.
I think invest with free money, because we will be more focused and not under pressure.

Yes, the fear of losing will not work much for those who invest with their own money. On the other hand, who invest with loan their pressure will increase further. Due to which they become more depressed mentally. Moreover, those who do not have money usually take loans and if they lose that money, their mental condition will not be better. If they invest with their own money, they will not have to worry much even if they lose that money. Loans make a person more indebted, which is why it is better if they can invest a little with their own money.

[yohananaomi]

Investing with loan can be profitable, but those who do not have money or do not have the opportunity to repay the  loan will not be able to succeed even with a long-term plan for loan. Rather, their  loan money will increase, and later, if the burden of this  loan increases, they will have to lose more. Bitcoin has lost a lot of value in the last two days, and now no one knows when this price will rise. That is why investing with loan will definitely not be easy in purchasing this highly volatile asset. Taking a loan in risky investments increases the risk even more.

I agree with you and many other members' comments here, we should not invest with loans because it is very risky.
We realize that investing in crypto is very risky, plus we have to take the risk of taking on debt that must be paid in installments.
I think invest with free money, because we will be more focused and not under pressure.

Yes, the fear of losing will not work much for those who invest with their own money. On the other hand, who invest with loan their pressure will increase further. Due to which they become more depressed mentally. Moreover, those who do not have money usually take loans and if they lose that money, their mental condition will not be better. If they invest with their own money, they will not have to worry much even if they lose that money. Loans make a person more indebted, which is why it is better if they can invest a little with their own money.

I think you have stated correctly that there will always be pressure when using loans to make investments compared to your own money, and it is very clear that pressure is part of the risk for every investment in crypto.
So some people think that taking out a loan is not wise, but some can tolerate it as long as every loan can be paid properly and on time, because all of that is part of the risk that can occur in investing in crypto, which will indeed happen.
We must be reminded once again that investing in crypto is full of risks, and we must be prepared for it.

[Aanuoluwatofunmi]

There are so many loan services in cryptocurrency and I will advise that it's not a good idea to ask for loan to go into crypto, it's a very wrong idea and a bad one, it is more safe and better that we take our time to learn about this same crypto, acquire a skill and render a service that could help us earn in crypto, if we think we don't have the money to start it, but taking loan should be the worst decision anyone should go for.

[rizqillah]

There are so many loan services in cryptocurrency and I will advise that it's not a good idea to ask for loan to go into crypto, it's a very wrong idea and a bad one, it is more safe and better that we take our time to learn about this same crypto, acquire a skill and render a service that could help us earn in crypto, if we think we don't have the money to start it, but taking loan should be the worst decision anyone should go for.

During my crypto investment, I have never applied for a loan because it is very risky.
Investing in crypto requires focus and it is better to use free funds that we get from rewards by participating in signature bounties or airdrops, this is safer than taking loans to invest in crypto.
I also read many people who advise not to take loans and I agree with this.