Borrowing money to invest on bitcoin is a big risk to investors because the price of bitcoin is unpredictable. Many investors that borrowed a huge amount of money to invested on bitcoin early this year hoping the price will get to $70 before the end of November to enable them to pay back their money they borrowed. The price of bitcoin is still decreasing in the exchange market which is causing more fear to the life of those that collected a huge amount of money to invest in the community.
It was those days many investors loan money from the bank to invest on bitcoin and still make it within a year because the price of bitcoin was stable and steady in pumping in the market.
Topic: Dont just borrow money but for the right reason - page 7. (Read 960 times)
OP, no need to loan if you want to invest because I think you can also invest whenever you want, even if it is 10% of your total monthly income. That's much better in my opinion because you don't incur interest on the loan.
Investing in cryptocurrencies is not the right way to do it without considering the risks. You should never sell a physical asset if you only want to spend it investing because you are not really guaranteed to get a high ROI on your investment options. So it's worth thinking about other ways to invest and one of them is 10% of your total monthly income.
Investing in cryptocurrencies is not the right way to do it without considering the risks. You should never sell a physical asset if you only want to spend it investing because you are not really guaranteed to get a high ROI on your investment options. So it's worth thinking about other ways to invest and one of them is 10% of your total monthly income.
why insist on borrowing money in investing?
He may forget about the risks, or he may just be tempted by the profits while he ignores the monthly credit he has to pay.
why insist on borrowing money in investing?
invest according to existing funds not by borrowing, investing in crypto is very risky where the level of fraud and price declines is in sight,
By selling assets I also don't agree, the reasons are the same as above
we hope to get ROI in the next 5 years but who knows the state of the crypto world in the future
although the predicted metavers project is better than btc
invest according to existing funds not by borrowing, investing in crypto is very risky where the level of fraud and price declines is in sight,
By selling assets I also don't agree, the reasons are the same as above
we hope to get ROI in the next 5 years but who knows the state of the crypto world in the future
although the predicted metavers project is better than btc
You say Life is simple lets not make it so difficult, but borrowing from a bank doesn't it add to the burden of a person's life that it becomes more difficult and has double the burden before he borrowed? there are flowers waiting. So the bank will be very interested if you continue to increase the loan limit, but your life will be in the pursuit of the bankers? is such a life considered simple?
The simple life is he who doesn't force what he really can't return because he sees the situation, conditions and factors that cause a person to invest in a variety of ways. A simple life doesn't exaggerate what he doesn't have completely, a simple life doesn't make you too much of a burden on dependents.
The simple life is he who doesn't force what he really can't return because he sees the situation, conditions and factors that cause a person to invest in a variety of ways. A simple life doesn't exaggerate what he doesn't have completely, a simple life doesn't make you too much of a burden on dependents.
Talking about Metaverse is much different than investing in cryptocurrencies these two are not the same and you should not consider metaverse just for investing, that's a technology and in my own idea talking about metaverse is more like talking about ai because that's something know we will face it more in the near future and obviously this can be a good reason for many people to get into it even if they do not really understand, they walk in with closed eyes and due to this huge interest, they usually take profits their investment they make. However, I see you got a red tag for trolling and this makes your text less serious for everyone to even read it completely.
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.
Banks will always be happy when you come to borrow their loan and only happy when you repay it on time. Lol, I don't think this idea would be wise except the risk factors from the Metaverse are more likely. I can somewhat agree that the Metaverse "volcano" still brings a lot of hype but what's behind that. I can leverage some of the collateral to borrow bitcoin and use it to invest in a different kind of crypto-specific investment. I think it's different for the whole metaverse and bitcoin, and I'm sure the reason for that lesson you had earlier this month 
Well, lands in Metaverse projects are expensive and knowing to buy property from projects that won't fail will be good when they are just starting. I won't advise anyone to borrow money and invest i cryptocurrency, although the odds always favour those who dare with the right project and with a huge patient.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
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?
Well said. Though Investment on borrowed money can multiply you profits many times but at the same you are at risk of losing all what you invested. I have seen many fiends trading in future and Margin markets but they rarely make any profit. If you make investment in Real estate and payback your loan in installments and your monthly earning are sufficient to cover you expenses then it is okay. Borrowing money for growth of already running good business is also good idea.
OP, may I suggest that you not write posts here as if you were texting someone? What you wrote is very difficult to read, and if you're trying to engage members in discussion, have enough respect for them to write out your thoughts coherently. Not sure if you're ever going to want to join a campaign or bounty (though you already got negged for trolling), but good writing skills come in handy for those.
As far as Facebook's metaverse goes, I couldn't care less about that shit and don't see how it applies to a discussion on economics.
I don't even know what all that has to do with the title of this thread, though I saw you mention borrowing. Not even going to comment on that, because this thread isn't worth it. If you're going to be a member here, do more reading and less writing.
As far as Facebook's metaverse goes, I couldn't care less about that shit and don't see how it applies to a discussion on economics.
Metaverse will be huge the real estate in metaverse will prices will go higher with money u invest today sure you will 10x atleast.
Now that's just a retarded statement to make. I've heard of Earth2 via Youtube, and people buying up plots of virtual land is about as idiotic as it gets. It's an excellent example of the greater fool theory, because there's nothing of real value in those plots. As soon as the music stops, anyone owning them is going to be stuck with digital garbage that they can't unload at any price.I don't even know what all that has to do with the title of this thread, though I saw you mention borrowing. Not even going to comment on that, because this thread isn't worth it. If you're going to be a member here, do more reading and less writing.
If you are recommending that people borrow money or take loans so that they could invest in metaverse projects, I completely disagree and would even go as far as considering this as a very bad financial advice.
You don't borrow money to risk on investments, whatever investment it may be, not even on Bitcoin. And Metaverse investments are far far riskier than Bitcoin.
As a matter of fact, and you could take this as a financial advice, if possible, avoid borrowing at all.
You don't borrow money to risk on investments, whatever investment it may be, not even on Bitcoin. And Metaverse investments are far far riskier than Bitcoin.
As a matter of fact, and you could take this as a financial advice, if possible, avoid borrowing at all.
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.
What people seem to mistake this "metaverse" idea is the fact that it is a concept and not a coin. You do not invest into "metaverse", you invest into a token or an idea or something. Like "land" or "mana" or whatever. Sure some of them could x100 but remember some of them could go to zero as well. There is no guarantee which one will do what.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.
This is why I believe that we should not be calling metaverse generally an idea. This is more like saying "invest into NFT", yeah sure some of them could turn 100 bucks into 1 million dollars if you are lucky enough, but some of them will not be even get sold. In this case you could go buy a patch of land digitally somewhere, but then you will need to realize that your land may worth zero in the long run, or it may worth a million dollars.
This is real talk. People should not think that they will get rich when they invest into this new hype. For sure, a lot of them will go to waste or will not be sold even if they want to. Only few of them will be valuable in the market and hard to determine right now. The metaverse concept is gaining popularity, but only few platforms can really make it and survive in the market. So don't be deceived by great promises but look into the possible value of the project 5 or 10 years from now.
In 5 years this investment will return very good ROI.
Life is simple lets not make it so difficult
Life is simple lets not make it so difficult
Remember Facebook tried entering the cryptocurency industry through providing a service that didn't go so well. Before then the market got a boast at the news of Facebook coming in but that didn't end so well. I'm not trying to say the metaverse will end in the same way but don't go investing all especially borrowing money when this is still a sector that has minimum of years to develop fully and anything can happen in this years.
You have said it all well @ CryptopreneurBrainboss. I think the whole hype on the metaverse is Mark Zuckerberg announcing that Facebook switching to it and every where seem to be in agog with the technology and yes Facebook tried to establish itself in cryptocurrency with libra coin but to no avail on the success and now pushing through with metaverse. For investors however, there have been other profitable means of investment before this so having an option is just a means of not throwing all eyes in one basket.
and as an investor then you should be wise on selecting on which investments you would be putting on and not just
making yourself get dragged with some hype.
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.
What people seem to mistake this "metaverse" idea is the fact that it is a concept and not a coin. You do not invest into "metaverse", you invest into a token or an idea or something. Like "land" or "mana" or whatever. Sure some of them could x100 but remember some of them could go to zero as well. There is no guarantee which one will do what.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.
This is why I believe that we should not be calling metaverse generally an idea. This is more like saying "invest into NFT", yeah sure some of them could turn 100 bucks into 1 million dollars if you are lucky enough, but some of them will not be even get sold. In this case you could go buy a patch of land digitally somewhere, but then you will need to realize that your land may worth zero in the long run, or it may worth a million dollars.
In 5 years this investment will return very good ROI.
Life is simple lets not make it so difficult
Life is simple lets not make it so difficult
Remember Facebook tried entering the cryptocurency industry through providing a service that didn't go so well. Before then the market got a boast at the news of Facebook coming in but that didn't end so well. I'm not trying to say the metaverse will end in the same way but don't go investing all especially borrowing money when this is still a sector that has minimum of years to develop fully and anything can happen in this years.
You have said it all well @ CryptopreneurBrainboss. I think the whole hype on the metaverse is Mark Zuckerberg announcing that Facebook switching to it and every where seem to be in agog with the technology and yes Facebook tried to establish itself in cryptocurrency with libra coin but to no avail on the success and now pushing through with metaverse. For investors however, there have been other profitable means of investment before this so having an option is just a means of not throwing all eyes in one basket.
Borrowing money to invest??
- What about the extra that you have to pay per month ??
- What if it does not go right??
- What if it's not 5 years but 10-20 years??
- What if the government decides to ban it in certain countries and people are asked to sell their holdings??
- What if your economic situation declines and you have to urgently take the money out ??
There are so many what ifs, one should understand that we cannot be sure of how the project will go, it's certainly a very good start the concept seems ideal as well, which I think can gain acceptance very soon. The loans as well is not so easy to get, especially during the pandemic, the interest alone would be very hard for most people to bear especially during the pandemic.
- What about the extra that you have to pay per month ??
- What if it does not go right??
- What if it's not 5 years but 10-20 years??
- What if the government decides to ban it in certain countries and people are asked to sell their holdings??
- What if your economic situation declines and you have to urgently take the money out ??
There are so many what ifs, one should understand that we cannot be sure of how the project will go, it's certainly a very good start the concept seems ideal as well, which I think can gain acceptance very soon. The loans as well is not so easy to get, especially during the pandemic, the interest alone would be very hard for most people to bear especially during the pandemic.
But what is gonnaa be happen if the investmet not going well in 5 years ? the total loan must be compunding by the loan interest and the borrower will be stuck with debt.
Many people must be heard about when investing in crypto they must use free money or money that we can afford to lose, and never use loan money for crypto investing.
But people, mostly young people want to take high risk. Some are success because the right investment and the right time, but some are having a bad luck.
Many people must be heard about when investing in crypto they must use free money or money that we can afford to lose, and never use loan money for crypto investing.
But people, mostly young people want to take high risk. Some are success because the right investment and the right time, but some are having a bad luck.
Well then the metaverse is not future and its a scam.
C..mon u cant take world on ur shoulders always we are depending on other things in the world if one thing goes wrong everything goes wrong.
It's okay to borrow money for the purpose that will have a good return and not on debt results. Putting huge money on crypto is risky as well, so it's best to invest money that afford can be lose because the market is unpredictable anytime you can lose money in an instant.
But you can't really guarantee a good return at the given time, there's a lot of possibilities that can happen and at the same time, plan changes for good or bad along the way so I don't see how it's a good idea to borrow money even if there's good return. 
Won't touch upon the topic of metaverse since I don't know much, but borrowing money for the "right reason" isn't enough of an excuse to put yourself into debt. Just earn money slowly then invest slowly, if it's as you said, it's still half a decade, most probably more even before one could profit from such an investment. Use that years to earn money to invest into metaverse, pretty sure that if it's as good as you said, developing in 5 years wouldn't suddenly make it lose it's value in the years after that.
But what is gonnaa be happen if the investmet not going well in 5 years ? the total loan must be compunding by the loan interest and the borrower will be stuck with debt.
Many people must be heard about when investing in crypto they must use free money or money that we can afford to lose, and never use loan money for crypto investing.
But people, mostly young people want to take high risk. Some are success because the right investment and the right time, but some are having a bad luck.
Many people must be heard about when investing in crypto they must use free money or money that we can afford to lose, and never use loan money for crypto investing.
But people, mostly young people want to take high risk. Some are success because the right investment and the right time, but some are having a bad luck.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
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?
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