You have to realize that the money from the loan is not yours, but when the initial plans don't go as expected, the risk will be yours. It is not recommended to invest in Cryptocurrency using borrowed money, cycles of investors who dare to descend into the crypto market with borrowed money very rarely end in profits. Apart from having to pay interest to the lender, investments with borrowed money are very likely to suffer multiple losses.
Topic: do not invest in crypto from loans. - page 4. (Read 1128 times)
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.
Taking loans to invest in Bitcoin or any other cryptocurrency is a very bad idea, It is not advisable at any cause, because investing in Bitcoin requires being patient and that is the beauty of investing. Investing requires patience and since one invested loan money, his or her mind will not be at peace because the loan money need to be paid back within a given period of time, that is why it is advisable to invest the amount of money you have and what you can afford to loose, your own money not loan money. Another thing is to be aware of the cryptocurrency one is investing in, it is advisable to invest in Bitcoin.will make the mind uneasy, and always in the shadow of the deposit every month.
Me I no support say make anybody collect loans invest in crypto oo, to me I see am say crypto just be like gamble, you no dey guarantee of 100% profits, you fit gain you fit lose too,
And most of this loans wey people dey collect, some of the loans dey get unimaginable interest, wey be say as you waste time to pay the loan na so the interest go dey increase,
Now come imagine say you come invest the loan into crypto and you come lose, that one na double wahala for dead body now, you fit lose property follow sef, cos I know say no company (firm) go give you loan without collateral,
Abeg my people make una think am well before una go collect loan to invest in crypto because e dey risky as you no dey 100% sure of profits...
And most of this loans wey people dey collect, some of the loans dey get unimaginable interest, wey be say as you waste time to pay the loan na so the interest go dey increase,
Now come imagine say you come invest the loan into crypto and you come lose, that one na double wahala for dead body now, you fit lose property follow sef, cos I know say no company (firm) go give you loan without collateral,
Abeg my people make una think am well before una go collect loan to invest in crypto because e dey risky as you no dey 100% sure of profits...
The worst thing any individual will do is to take loan and invest in crypto (I.e most especially altcoins), because even if it's Bitcoin, I do not advice anybody to do so, because due to the fluctuating volatile nature of the market, it is more riskier putting the faith of your loan which has a compounding interest on a coin which you don't know if it's value will rise or fall. Because there are basically two kinds of money you shouldn't invest in crypto.
1. A loan (I.e because it yields interest)
2. An urgent money (I.e money you will likely need it's use anytime soon)
We should avoid all loans from investing in bitcoin or altcoins because of the risk of loss and forcing us to invest for the long term when losses from market impact decrease significantly, so the two different loans are not feasible for the purpose of investing in crypto and it is better to use other funds even though the funds are low but not bad for investing in bitcoin in the long term. 1. A loan (I.e because it yields interest)
2. An urgent money (I.e money you will likely need it's use anytime soon)
Making borrowed money to invest in altcoins that have a very high risk is the most reckless thing that beginners do. those who do so are those who cannot control their own greed. and well it seems they don't understand the risks they are taking. they should at least understand what they are doing. they forget that investing can only be done when we really have more money or leftover money from our daily needs. not even just to invest in crypto. investing in other sectors must also have the same concept, namely using the remaining money after all our needs are met. and using borrowed money will certainly put the person under mental pressure. and i hope we all just have to invest the cold money. so that our mentality remains healthy.
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 worst thing any individual will do is to take loan and invest in crypto (I.e most especially altcoins), because even if it's Bitcoin, I do not advice anybody to do so, because due to the fluctuating volatile nature of the market, it is more riskier putting the faith of your loan which has a compounding interest on a coin which you don't know if it's value will rise or fall. Because there are basically two kinds of money you shouldn't invest in crypto.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?
1. A loan (I.e because it yields interest)
2. An urgent money (I.e money you will likely need it's use anytime soon)
It is all about planning and knowing a very good business opportunity then if it is in cryptocurrency you only have to go for loan when the market is very down and the loan should span upto 2 years and above
that seems to be the difficulty. Look for loans with long term returns. banks can't do that, because they still require payment for a certain period.
The method you provided is indeed applicable. invest in declining markets. but the return time may be very difficult to obtain. unless it is the result of a loan from your brother. or maybe our colleagues.
but still, such a way for me is a high risk. I would prefer to use my spare money, regardless of the amount.
Those who are thinking of investing by borrowing should remove this thought from their mind. If you want to invest, invest with your own money. You won't break even if the market is dumping.
All in all getting loan for investment has its pros and cons, though many advise against a loan in investing, there are moments when having a loan to fund a person's investment goal is a good thing and can be a life-changing event. I happen to know a friend who setup a restaurant, his investment came from a loan, and he was able to pay the loan in 1 year's time, and after 3 years of operation, his restaurant has several branches all over the region.
This might sound different but in the same time the same. If a person is able to identify risk and has knowledge of risk management and is familiar with the risk involved in the market, even with a loan as starting funds in a cryptocurrency venture, I believe there is a chance of success.
I still believe that investing with our own money is the best thing but loaning can be an alternative if we know what we are doing else just forget about the loan idea for investment.
The poor man goes to bank to deposit money while the rich man goes to the same bank to take the money deposited by the poor man and invest with it.
Do not be afraid of taking loan if you are sure of the business you want to go into the return and risk in it.
I have some people that went for loan to establish a business after a year they were able to pay their loan and multiply their businesses. It is all about planning and knowing a very good business opportunity then if it is in cryptocurrency you only have to go for loan when the market is very down and the loan should span upto 2 years and above
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.
Taking loans to invest in Bitcoin or any other cryptocurrency is a very bad idea, It is not advisable at any cause, because investing in Bitcoin requires being patient and that is the beauty of investing. Investing requires patience and since one invested loan money, his or her mind will not be at peace because the loan money need to be paid back within a given period of time, that is why it is advisable to invest the amount of money you have and what you can afford to loose, your own money not loan money. Another thing is to be aware of the cryptocurrency one is investing in, it is advisable to invest in Bitcoin.will make the mind uneasy, and always in the shadow of the deposit every month.
Now, am not referring to direct trading online, but investing, and a few of the assets I can work with in this regard are Crude oil, Bitcoin, USDX and US 30. In all rules, there could be some ways of bending if you are experienced enough, and in my experience, those markets have their lower moments in price that you can take loans for. Big companies do this, it's just that it's more difficult for retail investors since they always want urgent results.
And if you are such that does not understand the market psychology much, loan-taking is outrightly bad.
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.
Taking loans to invest in Bitcoin or any other cryptocurrency is a very bad idea, It is not advisable at any cause, because investing in Bitcoin requires being patient and that is the beauty of investing. Investing requires patience and since one invested loan money, his or her mind will not be at peace because the loan money need to be paid back within a given period of time, that is why it is advisable to invest the amount of money you have and what you can afford to loose, your own money not loan money. Another thing is to be aware of the cryptocurrency one is investing in, it is advisable to invest in Bitcoin. will make the mind uneasy, and always in the shadow of the deposit every month.
Of course! Everyone needs to invest their own ability, not a loan. But you need more research to invest their money there because the Crypto world is not always profitable.
It is advisable to risk what you can afford to lose, investing in crypto is like risking quite some amount of fortune in order to generate multiple profit as another source of income. Bet borrowing loans from external sources in order to fund an investment on crypto is not a good one at all and it’s not advisable because you don’t know which of the altcoins will eventually turn out well to yield a good outcome for you and if it is the other way round, you might lose all your investment which will result into a huge loss. Most altcoins are not 100% reliable when it comes to investing on them rather that’s why a lot of people prefer investing in bitcoins rather than every other crypto.
I really agree not to use borrowed money to invest in crypto because it has a big risk where we have to pay back the borrowed money every month.
In addition, we know that the crypto market is always changing and does not guarantee that we can always get profits every day or month.
Defi actually works like that. Its not bad if you knew what you are doing. I see some who uses borrowed loan from defi projects and actually like earning without using any of their money at all. Thats cool, but for some reason we kinda feels like its too dangerous, of course it is. Its just a matter of perspective on how knowledgeable you are to use that kind of method. Loan arent bad but make sure you know what to do. In addition, we know that the crypto market is always changing and does not guarantee that we can always get profits every day or month.
I really agree not to use borrowed money to invest in crypto because it has a big risk where we have to pay back the borrowed money every month...
Many face a problem when they need to take out a loan from a traditional bank due to a low level of income to repay the loan. And as a rule, such a problem is solved by them due to the leverage provided by the exchange. Sometimes very high, which leads to the loss of the deposit.
I think it is better not to invest in crypto platforms with loans. I am always against it. Investing in crypto platforms with loans involves a lot of risk. I have seen some people who only saw the positive aspects of the crypto platform and invested in crypto with their own wealth and some more wealth loans, today they have lost everything and are completely destitute. They carry the burden of debt everywhere. Always suggest to get a good idea about the investment first. Stay active in the forum regularly. Then if you feel that you have enough understanding about investment then you start investing with small amount of money first and gradually increase your investment amount. But never invest in crypto with a loan from a bank or a loan from someone else.
Investment is investment and nobody should be blame when investment goes wrong, because it's obvious that investment is been classified into two categories, which is ( positive =profit) and ( Negative= lost) getting loan to venture into investment it's never be a bad idea unless you don't know the condition of the investment you want to venture into, because i have seen some people today who are prosperous in business today and they made it by taking loan. So the aspect of alternative coin [altcoins] kind of investment, if you should peruse into cryptocurrency investment you know that altcoins gives more profit than Bitcoin, the issue is that to be able to fish out the altcoins that have a good potentials to invest with. Investment can be wrong sometimes and can be also be good, it depends.
Everyone shoulda known already that a business shouldn't be built on loans and borrowed cash, it gets chocked up severally and in almost every case, the victim either gets into a huge trouble that could eventually lead them to becoming emotionally traumatized...lame
Instead, the least, little spare cash could go a long way without stressing much -- going hungry atimes just to invest... Bitcoin stays as a "store of value" when you've got spare cash you don't wanna spend carelessly? Then you get 'em HODLed ASAP.
Don't try to borrow; you'll eventually get disappointed as the influx isn't exactly the way you think -- which is the same reasons why anyone I'm prolly redirecting to, shoulda learnt it what he's going into.
Sandra 🧑🦰
Instead, the least, little spare cash could go a long way without stressing much -- going hungry atimes just to invest... Bitcoin stays as a "store of value" when you've got spare cash you don't wanna spend carelessly? Then you get 'em HODLed ASAP.
Don't try to borrow; you'll eventually get disappointed as the influx isn't exactly the way you think -- which is the same reasons why anyone I'm prolly redirecting to, shoulda learnt it what he's going into.
Sandra 🧑🦰
Well I believe people should have heard alot about series of regrets associated with taking loans to invest in crypto be it Bitcoin or whatever altcoins.
I will personally kick against any form of loan that it's purpose is for trading or buying of Bitcoin because at the end of the day, if the trade or market doesn't go in their favour and then goes against them , there might be no other possible way to return the loan and interest and bu so doing, there might b series of dispute and misunderstandings.
People should for no single tangible reason ever take a loan to invest in digital assets like cryptocurrency dues to it's bigh rate of volatility.
I will personally kick against any form of loan that it's purpose is for trading or buying of Bitcoin because at the end of the day, if the trade or market doesn't go in their favour and then goes against them , there might be no other possible way to return the loan and interest and bu so doing, there might b series of dispute and misunderstandings.
People should for no single tangible reason ever take a loan to invest in digital assets like cryptocurrency dues to it's bigh rate of volatility.
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?
yeah, as much as possible avoid taking loans unless you have a proper means of paying them back.Regarding investing with borrowed money, it's generally a bad idea, and the results have been seen in this cycle, where leverage has cascaded downward. And while I personally avoid debt like the plague, it has to be said that it can be reasonable for some people with sense to use debt to invest as long as it is with a good debt to equity ratio, and making sure they have a good cash flow to make the payments.
I agree with this but it is sad that there are a lot of people taking loans without any certainty of being able to pay it back and thus putting themselves in a much worse situation, what's worse is that there are people taking loans from loan sharks. 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?
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?
Of course I agree with the reasons you convey, investing from loans is ridiculous and too risky.
Investing with personal money is already risky, let alone using money from loans, it will only add to the burden on our minds.
I think that from the case you presented, we can learn a lot of lessons before starting an investment, namely.
The importance of understanding the risks when investing, not just knowing.
Do not just invest in any altcoin, because it has a greater risk.
Don't be greedy and have high hopes for any altcoin.
Must have good financial management when investing.
Or maybe someone else can add what we can learn?
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