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

[Findingnemo]

even bad he brought more money from market loan givers at huge interest rate of 4% each month.

That is 48% interest rate per year and assume 4 year is a cycle the interest alone will be 192% and I don't think it is possible to make that much return when we invest on the top crypto currencies so yeah he made a huge mistake. He should have invested from the profits he made from earlier investment and tried the compounding strategy to increase the portfolio size.

[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.

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.

As far as I know, for this empty life if we don't have something urgent then it's better for us not to borrow money. Borrowing money must be redeemed or returned so I'm sure if we don't have the money to return it then we ourselves will feel disadvantaged.
Borrowing money to invest or trade crypto is the same as gambling (not working) in my opinion, because crypto is like something that is very difficult to predict for price increases and decreases, we can't know when we will profit from this crypto trading.

[MUGNIA]

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.

This is a fact, if the market conditions are falling, the situation will become more complicated if you invest with borrowed money, especially if the decline takes a long time, not in a short time, the borrower will definitely think and think about how to pay off their debts,

[Igebotz]

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.

He was liquidated, and even if there were any cash remaining, he would have wasted them chasing his loss and attempting to regain his initial amount. Typical trader attitude.

This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.

[sampoerna]

This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.

Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.

especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.

[Celph]

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.

Just like everyone has said,and also laid emphasis on ;greeed is a common factor that leads to the fall of a lot of investments.Investments such as crypto is also included as tbis common factor influemces alot of investors decisions..
The urge to want more is what defines we as human,just like economists would say;human wants cannot be totally solved.
  I sincerely do not have any reason to blame this your friend in particular;only what i would be against is the fact that he used other people money as a capital for his investments as well as loans I wouldnt entirely advise someone to take loans for investmentsas it is a two way thing.You either win or you loose.So it is a thing of risk and choice.

[rizqillah]

This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.

Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.

especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.

We don't have to give advice to others in crypto investment, unless they ask us something. because if they lose they will usually blame us. we better focus on ourselves.
In trading there is always a risk and newbies must understand the risks, don't just be tempted by the desire to get rich quick.

[enwi]

This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.

Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.

especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.

We don't have to give advice to others in crypto investment, unless they ask us something. because if they lose they will usually blame us. we better focus on ourselves.
In trading there is always a risk and newbies must understand the risks, don't just be tempted by the desire to get rich quick.

To avoid conflict situations one has to agree that it is perfectly reasonable to refrain from doling out investment advice with others. This saves us from times when others may feel let down or times when they are bound to blame us if the outcome of the tasks we deliver does not suit them. Staying in our own investment lane brings along less pressure when making decisions in an investment without worrying about other people’s decisions. Besides, every person has his own conditions and aims and therefore the best decisions are those which are made with their consent and on their own responsibility. That way we also allow other individuals to grow and accept the consequences of their decisions too if they make wrong ones.

[jeraldskie11]

This is why I no longer give financial advice about crypto to anyone, let alone borrow money to trade or manage trading accounts for others. It never ends well.

Exactly, it is very risky for us to give such advice to others, because later the result, if for example he loses a lot, we will be blamed or feel miserable for the rest of our lives.

especially for trading, a beginner must first understand what the risks of trading are like, and what must be prepared to manage the risk. because we can't eliminate the risk, we can only manage it to minimize the risk and optimize the chance for profits. it's just that, not everyone wants to do it and prefers instant ways.

We don't have to give advice to others in crypto investment, unless they ask us something. because if they lose they will usually blame us. we better focus on ourselves.
In trading there is always a risk and newbies must understand the risks, don't just be tempted by the desire to get rich quick.

To avoid conflict situations one has to agree that it is perfectly reasonable to refrain from doling out investment advice with others. This saves us from times when others may feel let down or times when they are bound to blame us if the outcome of the tasks we deliver does not suit them. Staying in our own investment lane brings along less pressure when making decisions in an investment without worrying about other people’s decisions. Besides, every person has his own conditions and aims and therefore the best decisions are those which are made with their consent and on their own responsibility. That way we also allow other individuals to grow and accept the consequences of their decisions too if they make wrong ones.

It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.

[Marivic27]

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.

Well in crypto investment we should not get a loan and invest because crypto is always unpredictable and there is no assurance that we can earn in a short period of time,if we get a loan today and we invest in crypto and the price go down because its bear market and we cannot pay the interest then we will feel the pressure,so the best thing we can do is invest our extra money so that there is no pressure ta all.

[Crwth]

I believe that's going to be the problem with people because the greediness that has been shown by them has probably amplified with all the "media" seen on the internet. I believe it's important that you control the amount of borrowing and be careful when you are trying to get in banks or loans. It's really problematic, and you need to have a clear plan when you are trying to push with taking a loan and then using it as something like an investment in crypto.

It's a good thing that the family and friends are understanding. I believe if that were to happen to my family, there would already be war, and it's going to be the blood line that will suffer.

[0t3p0t]

It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.

Exactly. Nothing is more safe and peaceful than using our own money in everything risky. Using someone else's money even with their permission isn't a good habit if you are trying to use it on things that you are not sure of making certain gains because we all know nothing is constant especially in investment because things are volatile and things might also turn against our side.

[jeraldskie11]

It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.

Exactly. Nothing is more safe and peaceful than using our own money in everything risky. Using someone else's money even with their permission isn't a good habit if you are trying to use it on things that you are not sure of making certain gains because we all know nothing is constant especially in investment because things are volatile and things might also turn against our side.

Yeah, given that cryptocurrency is risky and will increase if you do not have an edge. I don't believe there is a trader who uses other people's money to invest, and I don't believe that if you have money, you will give it to a trader to trade because, first and foremost, if you can make money trading, why would you use other people's money? And if you want a trader to utilize your money, do you believe he will earn a profit? Because if a trader is intelligent and already profitable, he will refuse to accept other people's money because it will just bring him problems.

[enwi]

It is always better to invest with your own money. If you're going to invest, it will not bother that much if you are using your own pocket. You will accept that outcome for every decision that you make because no one is involved but you. But if we are using others funds, the pressure inside us were so big and sometimes it can really affect our decisions as well as the outcome, it could add difficulties to our success. Even if they tell you not to be bothered if the money will not survive, you will still feel the pressure and guilt if you are losing. So it's not advisable to use others money when investing.

Exactly. Nothing is more safe and peaceful than using our own money in everything risky. Using someone else's money even with their permission isn't a good habit if you are trying to use it on things that you are not sure of making certain gains because we all know nothing is constant especially in investment because things are volatile and things might also turn against our side.

Yeah, given that cryptocurrency is risky and will increase if you do not have an edge. I don't believe there is a trader who uses other people's money to invest, and I don't believe that if you have money, you will give it to a trader to trade because, first and foremost, if you can make money trading, why would you use other people's money? And if you want a trader to utilize your money, do you believe he will earn a profit? Because if a trader is intelligent and already profitable, he will refuse to accept other people's money because it will just bring him problems.

There is no doubt that every decision in trading world has its repercussions regarding the assets with high risk/return ratios. Security and freedom with ones own money should always be the key priorities because no one else will have an interest to keep the value of the asset as high as the buyer does. The other thing that strikes one regarding someone with the capacity to generating constant amounts of cash is that they should easily prefer using their own money as opposed to managing other people’s money that can in fact be an added pressure and liability. Thus, it is possible to note that the policy of having full control of each and every financial decision is something that should be done in order to avoid getting into a state which can be very bad in the future.

[Sim_card]

~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.

As far as I know, for this empty life if we don't have something urgent then it's better for us not to borrow money. Borrowing money must be redeemed or returned so I'm sure if we don't have the money to return it then we ourselves will feel disadvantaged.
Borrowing money to invest or trade crypto is the same as gambling (not working) in my opinion, because crypto is like something that is very difficult to predict for price increases and decreases, we can't know when we will profit from this crypto trading.

Crypto investment is very risky and the only way to linit the risk is to invest in bitcoin on a long-term. If you have a means to pay back the loan without touching your bitcoin investment, because you have a means of income, you can go ahead to take the loan but not the amount that you will find difficult paying and it will affect you financially. However, if you don't have any means of paying back the loan, you shouldn't take a loan to invest.