Topic: 2020-2021 best year if You Want to become rich no skills needed - page 6. (Read 1327 times)

i know a lot people who going in to crypto this year more and more people will join each year with crypto as they see how much other people have earned profit it makes more and more people to join with crypto all around the wolrd.

i have friend who never been interested but once he had a friend who made good profit he started interested about crypto and now he is in

Crypto is an investment place even its just new to named it as an investment place since more people tend to hold the crypto currency for the volatitlity's problem. Based on the volatility's problem, do you think it is a safe place to store your money? You may need several times to suffered lose all of your money.

Let say, we have to remember when we depend on HYIP to invest in this place, yeah it was 2017 that I though there were many people who just come in without know anything. Spending money with a hope he will get rich quickly but in the fact he just bough at the all time high and store it until now. Do you think invest in crypto currency no need an understanding/knowledge? You may false to judge this thing. Knowledge is something that you shoulf find first before you have a target to gain a lot of money in this place.

To use your brain for Simple operations its really Not a skills!!

Lol, do you think investing doesn't need skills? And a loan is a good idea? It is big wrong.
You mislead people in this way. Firstly I don't know what your purpose is, but after I checked your trust summary, then I know what you are trying to do.

Anyway regarding investing, if you don't have skills, then how you can do it properly? At least, you need skills and knowledge to choose the best crypto coins for your assets. Also, you need skills, to know when you can trade/sell your assets on the market. Without any skills or sufficient knowledge, you risk yourself to big losses.

It is funny to think that there are still people who tend to think that earning money is really that easy that you do not even need skills or knowledge to earn money. That was not how crypto works. Even if you do not need skills, still you do need prior knowledge before getting into any investment. Putting money into unsure investments that you have not think many times or did not even do some research on how such thing is going is like putting up your money into gamble and you are relying into the presence of luck. Investment is a serious matter that you need time doing research and finding potential crypto that will suit your budget to be able to decide if you will go into engagement with the certain crypto.

Getting loans are not advisable if you do not know how to properly use it if you do not have skills and knowledge. Strategy on how you will handle your money is considered as skill and knowledge because you are thinking of ways how you can manage using it to make it profitable to be able to pay for the loan you have made. Getting loans with no assurance on how you will use it is simple getting into a pool of debt. Before you get into any situation better to think because not doing such will just put you into certain risks specially on this kind of industry.

thats why need to take power and control in our own hands right now and not hope for the goverment.

The sad thing about the situation is that, people who can make as much money as possible since there is a lot of money printed, are not the people who are in need of that money, it is the people who are already rich that is getting that money. Have you checked who gets the money from printing?

For example, in USA there are tons of people from republican families that are getting it, obviously politicians are smart so it is not going to them directly, but for example Bitch Mcconnel has a wife who owns a business and somehow that business got tens of millions of dollars, that is the type of situation and that is why I believe there is no way that people with no skills could get rich unless they know someone important, networking could get you rich if you are without skills, but that's it.

OP, that's a bad strategy in general and has made a lot of people poorer instead of wealthier--depending on the interest rate of the loan, of course, and how well your investments perform. 

I wouldn't be fooled by gold's performance over the past couple of months.  Obviously some investors are fleeing to safe-haven assets like that, but I don't expect another 2011 situation to happen in the precious metals markets.  And on the other hand, money is obviously flowing into much riskier assets like bitcoin, and I'm a bit perplexed as to how all of this is happening.  I do have a guess, though:  it's all the cheap money that can be borrowed, plus all the money the government is handing out in the form of "stimulus" and unemployment benefits.  Obviously people are trying their luck investing in a lot of different things, which is driving up the prices of all of them.

That can't last forever, though.  This year might be a good one if you've got enough capital to sink into crypto, gold, or the stock market, but I have a feeling we might all start having to pay the piper come 2021 and beyond.

Loans are great if you can manage it correctly, however making loans just to secure an investment on stocks and crypto is a bad idea. Bad because loans have terms of repayment schedule, what if you bought stocks or coins but it didn’t pump as you expected? unless you have back-up funds to repay that loan but its really not wise to borrow and invest better put up a physical business where risk is manageable.

guys dont panic about this pandemic im sure our goverments have plans for us.

Expecting to get rich quick without knowing how to invest properly is a mistake. Some basic skills are also very necessary to be able to enter the market at the right time. I understand what you mean by the best year 2020-2021, but it won't be that easy.
Moreover, you only rely on a loan, which of course you have to pay off later. It will work if your investment is successful, if your investment fails or maybe the best year prediction goes backwards, then you will be chased by debt collectors.

The analysis is necessary, basic knowledge of investing, trading and others are very important. Don't just think about how to get rich quick by investing in crypto. also think about the risks that will occur. Remember, that your money is borrowed money.

To take loans on any country then you need collateral like asset or any kind of your wealth information without that no banks will give you any loan.So if you want to take loan you need to be rich that is why poor people are getting poorer.

And if you managed to take loan by someway still you need to pay it back along with interest so you need some kind of skill to invest that money or you will be scammed.

It's far better if you sell everything you have rather than take a loans. I know this year seems the best time to invest because of recession, probably you will get huge ROI in the next 1-3 years. But, you must be wisely... reality is not always like our expectation. It's your choice, IMO this is a huge risk.... and not recommended for people who have heart attack disease.

Where's your proof of taking a loans and your address 

in order to know when crypto is going up or down then we need to know behind the btc and crypto scenes what we all ready know is this...
OTC MARKET exacngers the sellers buyers otc like bitcointalk.org are the key factors in crypto.
now its a recession well those guys will buy now if i they buy i buy if they sell i sell.

Really? How you can pay the loans if you don't have a job. Even if you have much knowledge about crypto and can trade with the right, it doesn't mean that you can make money because the market is still moving. We don't know when we can profit so that that way can be a risk for people, and I don't think that people will take that risk. We should be trying from what we did now, and we can work hard to make money, and we can also invest in the crypto, so we can make a lot of money when the price increase. It will need time before we can see the market rise, and we need to have more patients because the market will not give the sign when it increases.

One of the main rules that should be adhered to in order to survive in an economic crisis is survival on your own and without attracting loans. The interest will rise and the collateral will fall in value. And of course, the loan will be required to be repaid anyway.

What an genius you are to bring up this idea? Isn't it? Let me give you a contrary view in this scenario. Most of the people do think the way you are thinking right now. They assume this is the market bottom and it can't get worse so best thing is to just buy stocks by taking debt and then we will repay the debt while earning a much higher amount but this thing can backfire with much larger damage.

Let me Explain you pretty simple situation, Let's assume you buy gold/ stock or something. There can be two ways of how you can take a loan for buying assets:

1. First way to take loan is buy approaching any unorganized sector lender for personal because no way you are going to get a loan from bank solely for buying shares.
2. Second way is you would directly take leverage from the broker while buying such assets.


Talking about the second way first. In such a case just as a person with no skills you have done investment without any knowledge in shares/gold let's say upon recommendation of some expert. Now what will happen is that if that share/gold goes down 5-10% before jumping up. You will be liquidated. Your position will be liquidated and you would lose all your money even if the stock touches the rooftop after that.

In the second situation when you have chosen some unorganized lender for taking such loan. When the stock will go down by 10% you yourself will think of the mistake you have done by buying this stock through a loan and you could end up in two situations:
i. You would sell at that point which is 10% less because you know going down from here means your networth becomes negative.
ii. Or you would take up another debt to repay that debt ending up in a debt spiral or debt trap what we say.

And trust me both of them are situations in which no one really wants to be.

So my advise is making money like you said is not possible unless you are really very lucky. But if you are just betting on your better try casino. Moreover never ever go in debt for buying stocks unless you have skills of market.

PS: Just in case you are thinking same thing is applicable for cryptos also. I haven't mentioned cryptos because only an idiot would think of taking a loan to buy cryptos. Because crypto are too volatile. No person in sane mind would do that.

I don't think so, If you want to be successful in anything you do specially in doing trading then you must educate yourself and gather some knowledge about it before you enter into something you have no certainty. And I think it's not a good idea if you borrow money to invest or else you have other jobs so you will be able to pay your debt. We all want to make money and get rich but it's not that as easy like you thinking of.

what you talking about?  there is a lot people who have not payed back their loans....where you see crime here?
do you know anyone who went to jail they did not payed their loans or credit??  

maybe in somehwere like nort korea..lol
we live in western mindset world we have liberty and humen rights ...i dont know about what country you are talking about???







second i think loans are good idea if intrest rates are low if you have good plan you invest making ROI you could make good profit,people all over the world used this method in property and real estate business buy to let and so...
but btc will definately go up so to invest in btc today is smart way

Nope, this is straight up gambling and risky. Taking out a loan without a definite game plan is like taking yourself closer to jail time if you don't have the means to pay for it. Going to another country is also definitely not a good idea, but it can work if you want to leave your liabilities behind but I highly suggest against that. You will leave behind a bad record and you will be on close watchlist for this possible crime. Loans are great for those with a level-head and clear sense of what they're going to do with it, but just to take it out and commit a criminal crime? That's just too low.