do not invest in crypto from loans. | Bitcointalksearch.org

lizarder

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Quote from: ajiz138 on February 20, 2023, 07:53:43 AM

We already know some of the advice that is so embedded in their words with borrowed money for bitcoin investment actually it's not the right way I can imagine how this happened and of course, the price of bitcoin is easy to go up and down and not so fast to go up to return profits because all of that is not does anyone know then it's better to have cold money to bet on bitcoin it won't be a problem next but we just have to be patiently waiting for the bitcoin price to be really high again.

The risk level of the loan is high and we have to understand that monthly installments have to be added plus interest. Of course, it's true that you said you have to have spare money to cover all monthly payments, but I'm not too brave to take this risk because I don't want to be a burden or there will be big problems later, especially if there is no good financial management.

Most people do not pay attention to the level of risk that will be incurred after the loan is made, so that what is imagined is only the profit when they want to start, investment is not like a mathematical calculation in the formula 1+1=2, that's why borrowing money to make an investment is not recommended at all to do, under any circumstances borrowing money to make investments in my opinion is not the right step, because price fluctuations will lead us to problems with the money we borrow.

It's different if someone has reserve money to cover monthly fees for a loan taken, this money serves to cover when bitcoin conditions don't match the investment scheme being carried out, so there's no need to sell bitcoins to pay monthly fees. Even so, it is not recommended to start investing using borrowed money.

Asuspawer09

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

Well, that's obvious since we already know how risky investing in bitcoin is, The market price is so volatile that you could either earn or lose money in just a tiny amount of time.

Investing in cryptocurrency is just like gambling your money since no one actually can predict have the market will move so it is always a risk to invest and there was no certainty that you could get your money back or earn a profit. That's why a lot of expert says that you should just invest a small percentage of your money in bitcoin or any cryptocurrency because the money you invest is not guaranteed to earn like some lucky guy who won the lottery on bitcoin.

So taking loans for bitcoin is just so risky since your gambling to lose it all meaning you could lose all your money if you lose your investment you also need to pay that loan, and most people regret it.

Popkon6

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If you want to invest in cryptocurrency, you must know about different coins. The number one mistake that investors make is investing in AltCoin. If the person had invested in bitcoins with borrowed money, he would not have faced losses. You need to know detailed information about the market whether the market is up or down.
Investing in Bitcoins has a slightly less chance of loss but the AltCoin section has the highest losses. For example, a few days ago in 2022, due to the collapse of two platforms, Luna and FTX, the Cryptocurrency market fell into ruin. So I think you should never invest in alt section with loan money.

qwertyup23

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

The reason on why you should not get a loan in order to invest into something is due to its unpredictable nature. Imagine, you are risking a loan, which must be paid in a definite time, in something that is very unpredictable and risky in terms of profit. To be honest, you are definitely worsening your current financial position in the event that you attempt such act.

If you truly want to invest, then you can always start with small amounts. Regardless on whether it profited or not, at least you gain the experience on investing. Always start small before you focus on big things in order that you can fully grasp what you are investing on.

ajiz138

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Quote from: lizarder on February 19, 2023, 12:00:05 PM

To be honest I prefer to invest in bitcoin, not in crypto.

Quote from: Rx009 on January 27, 2023, 11:46:47 PM

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

If you are not someone who likes to borrow money and will be very different from people who often do it and it is true that investing using borrowed money will bring you to the stage of risk. In addition, fluctuations in the price of bitcoin and the debt repayment period of monthly deposits will lead you to a new stage of trouble, especially when there is no reserve money to cover monthly deposits. It is better to avoid borrowing money to make investments, if you and anyone else don't want to get into trouble, especially for beginners who are new to bitcoin.

Note: Every investment must have a level of risk, this is not only because you take out a loan, but because of fluctuations in the price of bitcoin.

We already know some of the advice that is so embedded in their words with borrowed money for bitcoin investment actually it's not the right way I can imagine how this happened and of course, the price of bitcoin is easy to go up and down and not so fast to go up to return profits because all of that is not does anyone know then it's better to have cold money to bet on bitcoin it won't be a problem next but we just have to be patiently waiting for the bitcoin price to be really high again.

The risk level of the loan is high and we have to understand that monthly installments have to be added plus interest. Of course, it's true that you said you have to have spare money to cover all monthly payments, but I'm not too brave to take this risk because I don't want to be a burden or there will be big problems later, especially if there is no good financial management.

Qiubell5

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yes, i totally agree with you. When investing, you may not use borrowed money, because the risk is higher if you experience a loss. In my opinion, even if someone really wants to invest in bitcoin, he should not borrowed money. it's better to invest little by little than directly all at once big.

leonair

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

One should invest as much as he can afford whether it is his own savings or borrowed money. If one has multiple sources of income and has sufficient ability to repay the loan then he can borrow money and invest it is not a big problem. But such a person should not invest by borrowing if he does not have multiple sources of income and if he is thinking of repaying the loan with profit from the investment money. People of such thinking will be in great danger if they invest by borrowing. that is the point

lizarder

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To be honest I prefer to invest in bitcoin, not in crypto.

Quote from: Rx009 on January 27, 2023, 11:46:47 PM

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

If you are not someone who likes to borrow money and will be very different from people who often do it and it is true that investing using borrowed money will bring you to the stage of risk. In addition, fluctuations in the price of bitcoin and the debt repayment period of monthly deposits will lead you to a new stage of trouble, especially when there is no reserve money to cover monthly deposits. It is better to avoid borrowing money to make investments, if you and anyone else don't want to get into trouble, especially for beginners who are new to bitcoin.

Note: Every investment must have a level of risk, this is not only because you take out a loan, but because of fluctuations in the price of bitcoin.

Inwestour

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Quote from: Rockstarguy on February 15, 2023, 03:13:37 PM

The only reason why someone would want to borrow money to invest is only because the person wants to make money very quick from bitcoin which is wrong. The best way to make money is to get a job that will be a source of income than to borrow money to invest bitcoin to get profit. The question is how long will one continue to borrow money to invest bitcoin. Bitcoin investment requires steady source of income whereby one can invest in the amount he/she can afford. It is not good to borrow money to invest more expecially for beginners it is better to look for other things do that will bring money.

Postponing from a salary is a very long way, it will suit patient people, but it will take a really long time, but if you have enough patience, the result will come. I don’t know, maybe there are cases when someone got rich investing credit money, but if there are such cases, then I’m sure that there are only a few in a million. And we are interested in a working algorithm that is suitable for everyone, when everyone can make a profit from the investment, even if it is not very fast, but you will not lose money and after that do not remain a debtor of the bank, which will still need to repay debts and interest on the loan.

mvdheuvel1983

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

Investing in crypto should never originate from loan. Taking a loan to invest in crypto is like taking out a loan for your wedding. You will end up thinking on how to pay back the loan rather than focusing on providing for your family. As a crypto investor you shouldn't think of taking loan you will be thinking on how to pay back rather than strategizing a invest more.
It could lead to depression, anxiety and stress especially as a beginner. I will make you think that crypto is a scam. For these and many more reasons, I totally discourage the taking out a loan to invest in crypto.

Arenga pinnata

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Don't push too much into investing if you don't have money yet, because if you force investing, you will eventually be overwhelmed by yourself.
look for the money first by working, trading, and starting a business.
Don't just rely on being desperate to invest, because that's not good. Be a wise investor, who can make profits with patience, not with reckless capital.

aioc

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Quote from: Zorigi on February 13, 2023, 07:27:51 PM

I hear that many people invest in crypto from loans and get a lot of profit.

but I also hear that many people invest in crypto from loans, and get losses.

so in this case it depends on our ability and knowledge in investing, but for beginners, in my opinion, don't invest from loans.

I'm not a beginner in investing have started investing four years ago but I would not even think of investing from a loan, I have seen so many unexpected events in the industry, and the volatility of the market is highly unpredictable, you could have 100 times profit then you woke up penniless, there are so many cases like this the recent one was the FTX and Luna investors.
So never ever think of investing money coming from loans you will regret it.

letteredhub

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

There's always an unrest and undue pressure from using loan money to invest or trade on crypto as there's this appetite and yearnings to jump into any kind of trade's because you want to meet up with paying back the loan without exceeding the loan period and this makes such a person vulnerable to losses and debt accumulation because your chances of losing 3x higher to making any win at all.

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Quote from: Zorigi on February 13, 2023, 07:27:51 PM

I hear that many people invest in crypto from loans and get a lot of profit.

but I also hear that many people invest in crypto from loans, and get losses.

so in this case it depends on our ability and knowledge in investing, but for beginners, in my opinion, don't invest from loans.

The only reason why someone would want to borrow money to invest is only because the person wants to make money very quick from bitcoin which is wrong. The best way to make money is to get a job that will be a source of income than to borrow money to invest bitcoin to get profit. The question is how long will one continue to borrow money to invest bitcoin. Bitcoin investment requires steady source of income whereby one can invest in the amount he/she can afford. It is not good to borrow money to invest more expecially for beginners it is better to look for other things do that will bring money.

Mate2237

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

I strongly disagree with you on the bases that one must suffer loss if the person invest on Crypto with a borrow money or with a loan. If you take a loan of $200 to pay back $210 within two months or depends on the agreement between the lender and the borrower. And you are good in trading. My gee, you will make a enough profit to pay back the loan. And if you want to invest you go for government loan which you can pay back in 3-5 years time. And by then crypto price have gone up.

But if it is an individual loan, it is not advisable to take it because you want to invest unless you have calculative risk measure to analyze the market to invest. And also if you have other means to pay the loan then you can take the loan and invest so that in case you loss from the investment you can still pay it from the other source.

ScamViruS

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Quote from: Fiatless on February 15, 2023, 12:07:17 PM

The crypto industry is one of the riskiest businesses in the world. Taking a loan to invest in the industry is a very bad idea. There are possibilities that the price of the coin might drop and you might lose the entire investment. It is better to invest only what you can lose because you might end up in the police cell if you borrow to invest.

Investing by taking loan is never a right decision especially investing with loan in financial market is a risky decision. Due to the volatility of the crypto market, the level of risk in this market is also higher than in other sectors. We have experienced from recent billion dollar incidents how bad a decision it can be to put more pressure on yourself with a loan. And due to all those pressures, the number of defaulters has increased.

Fiatless

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Quote from: Rx009 on January 27, 2023, 11:46:47 PM

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

The crypto industry is one of the riskiest businesses in the world. Taking a loan to invest in the industry is a very bad idea. There are possibilities that the price of the coin might drop and you might lose the entire investment. It is better to invest only what you can lose because you might end up in the police cell if you borrow to invest.

roksana.hee

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Really it's a shame for those people who invest in crypto from loans. If they were not researching much about crypto and its movement to invest there. Obviously, they're falling in loss from their starting.

On the other hand, every month they spent interest on that loan money. It occurs anxiety. Of that, they're feeling higher tension. In this way, they are appearing patients of Diabetics.

So, everyone should concern about these activities.

boyptc

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At first it's shameful that you'll experience losses but as time passes, you'll get used to it. We all agree that someone shouldn't invest in crypto having money and capital investment from a loan.

Quote from: Zorigi on February 13, 2023, 07:27:51 PM

I hear that many people invest in crypto from loans and get a lot of profit.

but I also hear that many people invest in crypto from loans, and get losses.

so in this case it depends on our ability and knowledge in investing, but for beginners, in my opinion, don't invest from loans.

Clarify where you are hearing those people that are taking loans to invest in the crypto market and getting a lot of profits. I don't think that I've ever heard that somewhere as most of those that does it are dwelling more in losses.

Getmon

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Quote from: Zorigi on February 13, 2023, 07:27:51 PM

I hear that many people invest in crypto from loans and get a lot of profit.

but I also hear that many people invest in crypto from loans, and get losses.

so in this case it depends on our ability and knowledge in investing, but for beginners, in my opinion, don't invest from loans.

However, it is also common for beginners to be excited about investing in bitcoin after hearing stories of individuals going from poor to rich. Wealthy individuals typically have good financial habits, which is why they reached such heights. People in the middle and lower classes are the ones who long to be wealthy. Due to a lack of savings, many of these individuals will borrow money to invest without extensive knowledge. It is very risky to bet on luck, especially with borrowed money. Either they pay back those loans over time, or they will lie to their lenders.

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