my friend story why you should not invest in market with other people funds

[sagarmota10]

Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.

This close friend invest in crypto, and made several times what he invest.

But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.

Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.

No money with him, he felt pressured and leave country.

[Stuart]

Greed is something that is not advisable in whatsoever one is doing, cause it can cause more harm than good, be it as a trader, investors etc. Being contented with that little profit made can be more satisfactory, than facing big losses or being locked up by the market downtrend.

Taking loans for investment is one of the most dangerous things an investor (small investors) will want to take part in. As a crypto investor, trader or enthusiast, you are not advised to go to money lenders for making investment. Big investors can go to money lenders, because they know they can pay back on or before the due date of the loan.

This I will say is the ignorance of a newbie in the crypto community. Acquiring knowledge and investment advice in crypto related forums can be very helpful to avoid situations like this.

[rdluffy]

Your friend made a huge mistake by taking other people's money and risking it in this way

Has this happened recently?
Did he take a chance on memecoins?

[LogitechMouse]

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But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.

Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.

No money with him, he felt pressured and leave country.

The fact that he felt greedy and used other people's money to leverage his profits is already a bad idea.
What's worse is that he also took a loan from other people which for me is one of the worst ideas.
Speaking of worst, you know what's worst? Your friend ran away and left the country. Does he thing that he can run away with the law? He will not, and he will suffer consequences because of what he's done.

Greed really is a life-killer, and we saw it on this one. Right now, your friend's life is in danger, and I just hope that he will not end up getting killed by those people who he took their money with. This is a straight up "estafa" or "syndicated estafa". I hope that you will answer most of the users' questions because many are curious about the story. This might just be a made-up story if you will not answer.

[MUGNIA]

big mistake in investing in crypto, by borrowing funds to buy coins, it is better to buy as much as we can and not be too greedy, if it is like this all the family is ashamed, the profit has not been obtained the debt must be paid, what hurts is when you choose the wrong coin to buy, the money is lost the debt is waiting to be paid

[philipma1957]

Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.

This close friend invest in crypto, and made several times what he invest.

But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.

Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.

No money with him, he felt pressured and leave country.

I hope they track him down and jail him.

Any one that borrows at 4% a month to play the market (any market) deserves prison if they run from their creditors.

[Rubel007]

When a person is excessively greedy, everything will seem different to him. Wherever he invests, he will think that he will be much more profitable from that investment. But the reality is different. Everyone should definitely keep their expectations at a reasonable level before investing. However, in the case of investment, the investor must observe and invest well. Along with this, the investor should invest such money that if lost, it will not have any negative impact on his personal life. Those who invest by borrowing money with interest they will have highest risk, which can increase their losses rather than profits.

[0t3p0t]

What he did is wrong all the way and we all know that already though greed sometimes much more powerful than the individual himself but it is avoidable. Being greedy is I think the most effective behavior we can have if we want to lose on almost anything. Leaving the country isn't the only solution but instead it worsen the situation he has. I think it is always the best to face the truth and accept the fact that we screwed ourselves because we all know conscience will haunt us. I also have friends who commit such kinda stuff but it's not gambling related they just face the consequences and it's done they just need to repay what they owe.

[bounceback]

Sorry to heard that, I don't think loss fund of your friend after loaning for investing in cryptocurrency because trade at future trading, I believe if trade at spot always have way for repayment loan due loan interested 4% every month.
Actually I don't think good ideas taking loan have higher loan interest,
If paid 4% every month for loan interest looks more than 48% each year and its most expensive loan interest have to pay and difficult keep balance how much profit have to earn.

[|MINER|]

In my personal opinion I think even if a person billionaire or Millionaire in Crypto but he get into greediness then there will not take much time to bring him on the road from his past position. There is no space of emotions in trading especially when people get into greed, and when a person fall in to grediness their must be have loose of self control and you will easily affected with the rumors and also by the FUD. And there if there some person investing by borrowing money from others with the greediness their must be prepared  for facing the worst situation in life.

[Zed0X]

The perfect case also for never investing more than what you could afford to lose. Borrowing money or stealing and then losing it all usually happens to gamblers but 'investors' also experience this. As for your friend, good thing he still had the logic not to end himself because of debts.

[TomPluz]

There is indeed a big lesson here. We should never use other people's money and that coming from loans to invest in cryptocurrency. This is a BIG NO NO since we are not Nostradamus that can surely predict the future of what can be. The market tide can easily go up and down and one may end up with just an empty bag and those people whom you owed money can be coming after you. In the past, we already heard of many sad stories along this line and if we are not learning from the mistakes of others we maybe bound to make the same mistake ourselves. Never ever be fooled to think that we can be lording the market because can not and we are not.

[robelneo]

Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.

No money with him, he felt pressured and leave country.

This is the worst thing that you can do: invest your money in a highly volatile market. there's expert advice and this is also very popular advice and that is you should invest what you can afford to lose.
One day your investment is doing well; the next day it becomes bad because of the uncertainty in the market. So never invest in money that is not yours; you will have a lot of regrets if what you expect did not happen.

[dave_strider]

Your friend made a huge mistake by taking other people's money and risking it in this way

Has this happened recently?
Did he take a chance on memecoins?

Memecoins are the bain of any depo in the space.
Better to invest anything that is free from emergencies into something more stable.

[milewilda]

Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.

This close friend invest in crypto, and made several times what he invest.

But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.

Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.

No money with him, he felt pressured and leave country.

One of the shittest decision that you would even made is on the moment that you would really be using others money just for you to make money or doin up some accumulation of funds because you are planning to have that bigger trading capital on which this is really that indeed risky. I do also known someones who had been offering some handling out their funds on making up some trades and offering 10% on which i could say which is really that too much or something that would be too hard since you are promising out 10% on every month on which you cant even so sure if you would really be able to make that profit in months time. Yes its probable but we do know that not all the time we would really be that profitable.