Topic: Dont just borrow money but for the right reason - page 6. (Read 929 times)

IMHO.

As much as they can, just avoid taking a loan for investing in the crypto market. They can save a little by little and use that savings for them to invest in the market.

At least if they've seeing themselves in loss, they don't have to think of another problem about paying with interest.

You’re right, Metaverse is a very good investment. It’s an investment that would be worth considering, because there are millions of dollars being invested every day, although I can’t say for sure whether it  would be bigger than BTC. When you talk about being bigger, do you mean the Metaverse platforms combined, or just a one platform itself? For example, there are different metaverse platforms and to mention a few of them, there are Decentraland, The Sandbox, and Axie Infinity. I don’t think any of these platforms itself would be able to become bigger than bitcoin in future, but in combination? Maybe.

But not all would really be having that kind of capability in terms of finances which means they would really be needing to take some loan whenever they do see some opportunities for them to get in

and they dont have any choice or options but to take some loan which i do say that it isnt really bad always as a decision as long you do know on how to repay those
loans then i dont see any problems.

Even $300,000 can change the lives of most people without investing in the metaverse. Why bother to invest and have to wait 5 years? Especially with borrowed money that is clearly high risk?

Even if they have good knowledge about cryptocurrency, that is still a risk for them because crypto will always change and maybe they will have to profit every day or months. The risk will become bigger if they depend on the loan to make money and do not have another resource to help them make money. They will have difficulty repaying the loan and have an unknown time to make a profit from the crypto investments. That will be a double risk for them because they will be confused about surviving.

For beginners who dare to take loans for investment in Cryptocurrency, I see it the same as gambling. They are without good knowledge with Cryptocurrency and taking a double risk. If Bitcoin continues to decline, then I think the psychologists are not good, and have a negative effect on the end, which many panic sell

But if you are borrowing money to invest in crypto, this is a very high risk to take. As we are facing the volatility, you have no guarantee if you can achieve your targets and pay your loan on time. Though some have no choice, but it is better if you have other sources of income in case, your chosen crypto investment gone wrong. Definitely, at the end of the day, it is your decision to take this route, but you should also take into account the consequences that you may face if things will not go according to your plans.

Borrowing money is as simple as counting 1-2-3 however paying it back is not as easy as you are portraying in writing up. The interest rates, principle amount, your daily expenses, profits all calculations needs to be done before you step out.

You’re right, Metaverse is a very good investment. It’s an investment that would be worth considering, because there are millions of dollars being invested every day, although I can’t say for sure whether it  would be bigger than BTC. When you talk about being bigger, do you mean the Metaverse platforms combined, or just a one platform itself? For example, there are different metaverse platforms and to mention a few of them, there are Decentraland, The Sandbox, and Axie Infinity. I don’t think any of these platforms itself would be able to become bigger than bitcoin in future, but in combination? Maybe.

But not all would really be having that kind of capability in terms of finances which means they would really be needing to take some loan whenever they do see some opportunities for them to get in

and they dont have any choice or options but to take some loan which i do say that it isnt really bad always as a decision as long you do know on how to repay those
loans then i dont see any problems.

But not all would really be having that kind of capability in terms of finances which means they would really be needing to take some loan whenever they do see some opportunities for them to get in

and they dont have any choice or options but to take some loan which i do say that it isnt really bad always as a decision as long you do know on how to repay those
loans then i dont see any problems.

It's not even optional for me. I don't want to add some problem that I might regret it in the nearest future. No one will stop anyone from borrowing a loan to invest in crypto until they become broke and did the wrong decision.

Upon investing in the crypto market, metaverse tokens or not, just be the man of your own money and that decision that you'll make is going to be an important thing for your future.

Borrowing money to invest in crypto for me is not the main option and maybe it is optional,
it's better to keep using your own capital but if you really want to borrow it needs careful consideration,
again everyone has to make their own decisions and must be sure

I still think the value of metaverse is based upon an assumption Elon Musk's neuralink brain implant will become the jack Neo used to interface with the matrix. People assume the next big leap is technology from the matrix trilogy where people directly interface with the internet through a brain link VR experience.

Virtual reality and 3D graphics are certainly nothing new. There have been no recent developments to say anything has changed in those industries to give VR a significant advantage over existing dynamic pages. I think everything metaverse promises can already be achieved using HTML5. Metaverse could be done in adobe flash. People were making 3d based VR user experiences in flash 10+ years ago. There is definitely a question as to what metaverses high promised valuation is based upon. I would be interested if anyone has an answer.

Getting a loan and waiting for 5-10years before you make profit and payback the loan don't it sound awkward and which financial institution or individual would build such patience with you. It's better doing it with your own capital. Don't get easily moved by hype as far as crypto investment is concerned always remember the are high risk venture and as such investing wisely should always be considered

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.

Always act for bigger motivation dont waste ur time for small things so much.
Metaverse will be huge the real estate in metaverse will prices will go higher with money u invest today sure you will 10x atleast.
Metaverse will do even bigger then btc and even u did imvest 5 years ago in btc u would have nice profit today.

You can even tell YOU r bank u will invest in metaverse they know it will go up so its a great investment and they know it has good return how do they know ??
Well all the bankers allready investing in metaverse and your bank will be happy to see you get financially good and use their money best ways.

Now some of you telling me ....ou its a risky still ?

I tell u look at people with money ? Are they dumb ?
They are investing heavy money in metaverse.
Also 5 years ago same people imvested heavy money in btc and crypto.

They are never gona do the wrong investment they what has a value always in future they social circle is all good information and if u connect the dots u know what they do it with money so you follow to them always.

And yes best time to loan as much u can from the bank to invest in. Metaverse the metaverse assets will be so good that u can use that even for collateral for loan.

If banker telling its not good reason to invest or take loan then you can tell they know zero about finances and investment and they should not have banking license never ever sure the regular banker u cant argue with them they just follow the rules and do the data entry job but investment banker should give you money for sure.

And after you can take a banker to ride to ur lambo.
Sure the banker will be happy if their clients will be wealthy they still keep their money in same bank.

In 5 years this investment will return very good ROI.
Life is simple lets not make it so difficult

Getting a loan and waiting for 5-10years before you make profit and payback the loan don't it sound awkward and which financial institution or individual would build such patience with you. It's better doing it with your own capital. Don't get easily moved by hype as far as crypto investment is concerned always remember the are high risk venture and as such investing wisely should always be considered

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.
-snip-