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

[dekafee79]

Once it is not your money, then don't try to make investment in crypto with such money with the aim of taking advantage to make profit and refund back the money, things don't really work as we have thought about them in so many cases, the moment we go for trade and the conditions seems unbearable for us, we tend to lose and cant afford to leave or remain in the market because of that, while if it were our own personal money, we can take any decision and take heart as well on whatever comes at the end.

h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.

[bitterguy28]

h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.

you just said that there is a possibility of panic while trading knowing that the money is not yours so immediately there is a sense of discomfort there unless you can set aside the thought of risking someone else's money which is quite selfish imo because you still hold a responsibility to get them back their money

i would rather use my own money and hold no responsibility to no one but myself and that i am not held back by guilt or anxiousness from using someone else's money

[Chilwell]

Whatever you are doing or you want to start doing, don't let your emotions lead you because it will take you to somewhere that you will regret for the rest of your life. Whatever you are doing get rid of fear and have confidence in yourself. Don't be greedy, because it is the most dangerous thing I could ever think of when it comes to trading as well as investing. Don't start your first investment with a huge amount of money due to greediness, because your wish of getting rich may not be fulfilled. When it comes to investment, it does not always work as the higher the capital the higher the return, so don't invest all you have, because you can not determine the future, Must importantly don't borrow money or took loan to start investments or business because the future is uncertain and you can not predict what will happen to your money, And you may found your in difficult situation if you loss the loan you took to start the investment, how did you intend to pay back the debt.

[Rubel007]

Once it is not your money, then don't try to make investment in crypto with such money with the aim of taking advantage to make profit and refund back the money, things don't really work as we have thought about them in so many cases, the moment we go for trade and the conditions seems unbearable for us, we tend to lose and cant afford to leave or remain in the market because of that, while if it were our own personal money, we can take any decision and take heart as well on whatever comes at the end.

h in crypto using your own money, if you borrow someone else's money we will panic when the crypto market experiences a decline. but if we are a professional trader wIt all depends on each person's ability to create strategies and of course they must have good skills in trading.ho can get daily profits consistently maybe we can borrow money for trading.

If a person borrows money for a short period of time, I also think that he should have a good knowledge of the market and trading. This way, he can get a chance to repay the money he borrows. On the other hand, if he does not have a good knowledge of trading and the market, then he will be under more pressure. When there is no other way after losing his own money, someone borrows money from others. And when he loses that money, he will have to be devastated. Another thing is that if someone can borrow money for a long time, then if he can invest that money in the right place, especially if he puts it in Bitcoin, there will be a great possibility of making profit.

[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?

He is not want to talk with us and even he left the country for the earn money and keep peace in his life.

But we have always discussed the risk factor of market but he is to eager for to be a rich and did mistake.

[NotATether]

Sorry to hear about what happened to your friend. When did this happen by the way? Because if any of this happened last year and he bought Btcoin, then he'd be in the green by now. Actually even as early as 4 months ago you'd be able to repay the 4% interest + loan. Alts however are a different story.

[Gurujebs]

.
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 experienced similar thing yesterday, the person is not my friend but was sharing story about the wrong move he made with people's money, it was money given to him to keep. He wake up yesterday to long Trump coin simply because everyone was anticipating Trump coin to go $100 but unexpectedly, the market dumo because of Melanie token and he was liquidated.

This is a person that doesn't understand trading or anything about the crypto market, just wanted to make use of the advantage of meme profits and it didn't end well and he lost everything. This money is for another person and now he is in debt.

[Aanuoluwatofunmi]

For other people to secure their money with you and then all you could think of is in using of their fund for crypto investment, then you haven't learnt your lesson until it happens the hard way, because any investment should be from the hard earned money which we have, we should not rely on what other people are giving as advise in taking such silly advantage, things don't normally work out as expected the first time we might have attempted on something.

[erus]

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

This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.

[milewilda]

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

This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.

Totally risky and this is something that you should really be that considering on which we know that when it comes into this aspect on where's there's no guarantee that you can be able to make yourself money with it. When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into. You cant really just that dive in and having no risks management and considerations.

[tequilla_sunset]

For other people to secure their money with you and then all you could think of is in using of their fund for crypto investment, then you haven't learnt your lesson until it happens the hard way, because any investment should be from the hard earned money which we have, we should not rely on what other people are giving as advise in taking such silly advantage, things don't normally work out as expected the first time we might have attempted on something.

Agreed through and through.
Crypto is about doing things on your own - the analysis, the funds, and the way you do and pave your own road ahead of yourself.
Once you start relying on someone in any of the factors, you become vulnerable to many things.

[sagarmota10]

---
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.

It's totally true story and he is wishing to repay all debts but to be now he suffers tuff time which is create pressure on him to repay intrest and capital to.

[sagarmota10]

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.

He left country for getting hired paid job and can repay the debts as soon as possible so he can survive for now.

[erus]

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

This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.

~snip~
When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into.
~snip~

I also think that such a way is like looking for new problems in our lives. It is better to use our money wisely for good things and visible in front of our eyes, while crypto is invisible and full of Scammers, especially when it comes to investing in projects that will be launched.
I am also present in the crypto environment only relying on my free time from my work at home, so sometimes I am active in crypto and sometimes I am not because I do not fully work in this crypto environment.

[Hisbullah]

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

This is the negative effect of investing in crypto by using loans from other people, banks or other financial institutions. Investing in crypto is full of risks, unpredictable price changes, hacking is everywhere and there are so many.
I think your friend wanted to take a shortcut to wealth from crypto but in fact he fell and lost, after that he also had to bear a very large debt burden. The result was that he fled from his country, his environment and his family, I think this is a very valuable life lesson so that if you invest in crypto it must be with DWYOR.

~snip~
When you do invest then invest with your own money and as much as possible dont take up loans, handling out other peoples money, borrowing money from other people or any similar sort on which we know taht it will really be just that too risky when it comes into this aspecto n which it will be that recommended that you do really know into the things that you are really that dealing into.
~snip~

I also think that such a way is like looking for new problems in our lives. It is better to use our money wisely for good things and visible in front of our eyes, while crypto is invisible and full of Scammers, especially when it comes to investing in projects that will be launched.
I am also present in the crypto environment only relying on my free time from my work at home, so sometimes I am active in crypto and sometimes I am not because I do not fully work in this crypto environment.

I invest in crypto as a side job to earn extra income. So I don't take loans to invest in crypto because for me it will also add problems to our lives if we experience losses.