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

[dave_strider]

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.

A person should only borrow when he knows he can get the funds to repay the debt eventually.
Doing it like this is rightfully looked down upon. And I hope for the friend of the OP to learn much from this experience.

[enwi]

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.

This story is a reminder of the fact, of course, that decisions we make in life carry real consequences. We tend to take our eyes off the bad things that could occur when we’ve decided to go after something that will deliver amazing rewards. In life living, there is a need of balance between ambition and caution. Being high responsibility to involve those closest to us. Fleeing from the situation is not the wiser step as we have been in bad situations and all and finding the right way out out is wiser. Every choice we make today will affect us and others for a very long time. We must continue to make decisions in our favour that everyone is likely to benefit from.

[omori]

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.

This story is a reminder of the fact, of course, that decisions we make in life carry real consequences. We tend to take our eyes off the bad things that could occur when we’ve decided to go after something that will deliver amazing rewards. In life living, there is a need of balance between ambition and caution. Being high responsibility to involve those closest to us. Fleeing from the situation is not the wiser step as we have been in bad situations and all and finding the right way out out is wiser. Every choice we make today will affect us and others for a very long time. We must continue to make decisions in our favour that everyone is likely to benefit from.

Everything that involves funds should be done responsibly. Risks are in anything, stable or trusted with time - no way you can go around and swing with the opinion that everything is going to be fine for one more time.

[sagarmota10]

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.

Yes I'm agree with that that's why I'm sharing this reality to all my colleagues that pls do not invest extra money which can hurt your comfort zone.

[sagarmota10]

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?

Yes bro he is doing future trade most of and addicted to make profit and convert to spot bag but once market lequidated him then he sale his spot bag and doing more trading without any thinking of it and loose his portfolio.

[sagarmota10]

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.

I think we have to introduce to all our network friends to how risk management is important in crypto market or any market because newbie always in rush to be getting rich within quick time and accordingly they lose their funds.

[Azharul]

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.

A person should only borrow when he knows he can get the funds to repay the debt eventually.
Doing it like this is rightfully looked down upon. And I hope for the friend of the OP to learn much from this experience.

Actually, I think that you could explain absolutely a prefer comment. Because we know that more greedy is very harmful for everyone. So I believe that if we can understand in greediness, I think that it will be very helpful for us. So I believe that if that's person could understood to dangerous of greedy, I think that he could not decided wrong. So if we want to get best profit from cryptocurrency market, we must understand in cryptocurrency market. Because crypto currency market depending on your intelligent movement.

[LUCKMCFLY]

It is very regrettable, when a person does something like that, well for me he should not run away, he should call a meeting and say what happened, and apart from that make a commitment to each of those who asked for the money and pay them, but he should talk, running away for money is a very bad thing because the last thing you can do in life is steal, he was left as a thief and that is what everyone thinks, they will never believe that things went wrong for them because of the market, they will say that things went wrong because he ate the money, that simple.

[Bobcrypto]

This topic has been on discussion for some weeks ago, however, I have a different view as far as taking crypto loan is concerned.
In my opinion, i think that a crypto loan for trading/investments is not a bad idea, the most important thing is having the necessary knowledge and experiences to to trade efficiently.
I think is not a bad ideas for experienced traders to take a loans provided that they can navigate the market perfectly and make some reasonable profits.

[sampoerna]

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.

A person should only borrow when he knows he can get the funds to repay the debt eventually.
Doing it like this is rightfully looked down upon. And I hope for the friend of the OP to learn much from this experience.

And really in a very urgent condition and there is no other way. As much as possible, for me, avoiding debt is the main thing. That's why we must always work hard to make more money, for daily needs, the future, additional, and self-taught and urgent needs. And we really have to prepare for various things that might happen in the future with sufficient funds, so that we can avoid all types of debt. Especially debt to invest in crypto. In my opinion, this is not a wise choice for me.

[bhadz]

It is very simple, only invest what you afford to lose. And do not invest people's money. As an investor, this is what I am trying to avoid. Friends of mine asks me to manage their portfolio or build one for them but I refrain because when the market is so bad, they might blame me for ny decisions. That is why, do not invest if it is not yours and only invest the money that we own, never take loans, never take offers even if they are believing and praising you. They can simply go to headfund or portfolio managers instead.

[PX-Z]

Lending money from someone to invest for crypto trading is a big NO. You are digging your own grave. Remember invest what you can afford to lose not invest everything you have lmao. Even the smartest investor wont do that. The only good thing about lending money is to invest it wisely by making your own business that makes profit for your so you could pay your debt.

[Rubel007]

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.

In a risky market where there is no guarantee, investing with other people's money or borrowed money can bring more risk. Especially if the market conditions worsen after the investment, the investor has to be financially stressed and on the other hand, he has to accept the pressure to repay the borrowed money. It is more difficult for those who bring that money against interest. Because there the investor has to spend more money. In such conditions, it is difficult to expect anything good from the investment. It is better to keep the investment with own money.

[bayu7adi]

Interesting, but it might be more interesting to discuss if we mention some related subjects, such as where he invested, what instruments he invested in, how his investment mechanism works, and some other aspects... considering that it could be a lesson for us too and could correct any parts that look odd (if you want opinions from other users in this forum).... yes I know there are censorship limits, and you also hope to censor some points related to privacy.

The story I can take is, don't be greedy... that's all, and for that kind of story model I think many people already know that investing with borrowed money or even money that we don't control is something dangerous...

[SmartGold01]

Haven't you friend about that when investing in cryptocurrency they should borrow money to invest rather should be investing with the amount they can afford lose than going to collect loan to invest, and what if the market against them and they ended up losing the money.
Already this phrase has been used severally all time for save investment but greedy people would always want to go use all they have to invest in cryptocurrency forgotten that the ending results may not be that pleasant that way if they lost the money, another thing is to invest within only reputed coin such as bitcoin or Ethereum and few other coin that seems to be reliable than other coins.