Using a loan to invest in crypto is too risky and it is better to think a few times before doing it.
Think over and over again, it's risky though but there are people who are really willing to take that risk as their approach is like a gambling. As long as you can afford to pay the loan in due time, then I don't think it will become a problem, though we say it's too risky. 
Topic: Follow your mind! (Read 919 times)
Using a loan to invest in crypto is too risky and it is better to think a few times before doing it.
I based my investment in people's opinion in Bitcoin, if it weren't for this people then i wouldn't invested in it, at first i was hesitant to it. But when Crypto influencers and also Bitcointalk members have a detailed explanation, on how i think works and how the current financial institutions is disrupting our money. Then i've realized that it will become more valuable in the future especially when the time of crisis comes. Such as this pandemic.
My point is, its not bad to follow people's opinion as long. As its logical and reasonable to do so.
My point is, its not bad to follow people's opinion as long. As its logical and reasonable to do so.
All points mentioned in the opening post such as borrowing money, greedy and following other people's opinions is a mistake
that many investors make. I've also done these 3 things and indeed ended up losing money and regretting it too. Bitcoin investment
has to follow ourselves, of course we have to believe in our own abilities. Therefore, never stop learning to analyze the market,
if we can analyze the market correctly it is easy to make a profit from investing in Bitcoin.
that many investors make. I've also done these 3 things and indeed ended up losing money and regretting it too. Bitcoin investment
has to follow ourselves, of course we have to believe in our own abilities. Therefore, never stop learning to analyze the market,
if we can analyze the market correctly it is easy to make a profit from investing in Bitcoin.
I always tell people to follow their own opinions and do their own research. FOMO and greed can be really destructive when you're a new investor.
The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.
As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.
I don't consider on getting up some loan just for you to invest or make with trade because with this it isn't an assurance that you would able to repay such loan in a span of time.The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.
As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.
Are you for real? You never have an assurance with anything you do.
You start a business. What assurance do you have that this business will succeed?
You go to bed at night. What assurance do you have that you'll wake up in the morning?
You buy Bitcoin. What assurance do you have that there won't be a dump tomorrow?
As long as you are a confident trader you can minimize the risk of trading borrowed money.
There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
I don't consider borrowing some money for investment as a mistake. People who borrows money wants to make a huge step in their life. Borrowing money from friends or relatives is not a bad idea, the bad thing about this is if you will not pay back to them. And when it comes to relying on other's opinion, ofcourse we should not always be dependent on what others may say. We should make our own decision especially when it comes to investing on cryptocurrency. Your mind should be the leader and not what others think.
the matter of borrowing and lending is a common phenomenon that occurs to everyone and will be experienced by anyone even though he is a big businessman, the most important thing is that we will use the loan to improve the economy by advancing business or needs that can produce good returns, not just for waste. all of course will be carefully thought out before taking the steps to be taken so as not to confuse later.
That greedy expectations part is like a normal for most investors lol, when you invest you will usually be hoping that the market goes up and you make profit. That’s why you will see a lot of people coming to ask for analysis that will show them when bull run will repeat itself again.
Hoping to catch up and ride with the right train, that's normal. Everyone wants to ride with the trend and not be leave behind, but most ofthe time that same intentions puts you at risk and lose your money.
Always have good plans before taking any step. It will only allow you to move forward once you already build a good foundation, learn and never to stop.
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But you see the part of taking loans to invest in cryptocurrencies? That’s the worst idea anyone can ever have. Even saw someone that was advising his friend who is a crypto trader to take a loan from bank so that he invest huge money in crypto and trade and get huge profit. That’s a very bad idea.
It's not if you don't have that skills and you are not really a risk taker. Some can handle this and take it challenging their knowledge and achieve but not all can do the same so better to think deeper before dealing with it.There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
I don't consider borrowing some money for investment as a mistake. People who borrows money wants to make a huge step in their life. Borrowing money from friends or relatives is not a bad idea, the bad thing about this is if you will not pay back to them. And when it comes to relying on other's opinion, ofcourse we should not always be dependent on what others may say. We should make our own decision especially when it comes to investing on cryptocurrency. Your mind should be the leader and not what others think.
if you want to do something and you believe in it, you better do it. the regret from doing it, is much better than the regret from not doing it. Also, listening to other people's voice and Idea is good but it should not totally change your mind, and you should always think about who you are talking to.
i certainly cannot talk about BTC with a person who has no idea about it but is expert in science and math.
i certainly cannot talk about BTC with a person who has no idea about it but is expert in science and math.
That greedy expectations part is like a normal for most investors lol, when you invest you will usually be hoping that the market goes up and you make profit. That’s why you will see a lot of people coming to ask for analysis that will show them when bull run will repeat itself again.
But you see the part of taking loans to invest in cryptocurrencies? That’s the worst idea anyone can ever have. Even saw someone that was advising his friend who is a crypto trader to take a loan from bank so that he invest huge money in crypto and trade and get huge profit. That’s a very bad idea.
But you see the part of taking loans to invest in cryptocurrencies? That’s the worst idea anyone can ever have. Even saw someone that was advising his friend who is a crypto trader to take a loan from bank so that he invest huge money in crypto and trade and get huge profit. That’s a very bad idea.
numbers 1 2 and 3 can be your ally if all goes to the plan . 1 is okay to borrow a loan if the loaned money has a good destination . 2 being greedy for reward , this can be applied to number 1 , you loan money so that you can have a bigger capital to earn more . and last number 3 , its okay to listen on the legit professional that has an experience on this field . when you finish learning from them , you can now then apply all the three numbers all together to be a succesful crypto businessman . after that , you can now stand on your own and you can now suggest these 3 useful advice to others
I always tell people to follow their own opinions and do their own research. FOMO and greed can be really destructive when you're a new investor.
The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.
As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.
I don't consider on getting up some loan just for you to invest or make with trade because with this it isn't an assurance that you would able to repay such loan in a span of time.The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.
As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.
When it come to research then it is someone's responsibility on doing such job.If he decide to make some investment then its just right for you to make necessary information
neither if its worth or not.
Don't easily get distracted with others decisions and speculation. Always verify and do on your own but it isn't really bad to look for others idea too.
I always tell people to follow their own opinions and do their own research. FOMO and greed can be really destructive when you're a new investor.
The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.
As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.
The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.
As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.
I agree with you, following other people's opinions is not a good choice in the crypto world. I think analyzing crypto volatility with my own technique is a very good choice. but I am also interested in your statement on point 1. and I did that. I have benefited from my investment, and my debt to the bank has been paid off.
The dependency of an individual to other people to think that he can always be reliant on them at all times will leave you having no growth and learning on your own for you will not be able to be a good investor on being like that because you just depend on what other people will say and do and just obey and follow their path and will not make your own decision. First thing if you wanted to be an investor, better know that you must have your own money or capital for starting. As much as possible do not let yourself be dependent at first place for it is a lot more pressure and risk staking other people's money that you have no assurance when or how you can pay back. Also, do not listen to other people's opinions regarding on what to do to your investment. You have your own mind to decide. Better balance the thinking and do not let your emotions drive your decisions.
Indeed. Dont listen to anyone unless they have some reputation. And dont forget to learn to analyze everything by yourself. When it comes, you find that understand how to analyzing market is absolutely useful. Many of my friends invest their money blindly and follow some nonsense random guys on the internet. It really pisses me off but I cant do anything. They not even care a single word of mine even though I pull out a lot of knowledge and research which I take many days and month to make
Well, not all people who investing cryptocurrency is wise. And I have learnt to accept the fact. Right now, I only care about myself and my family. Giving advice only brings anger to me
Well, not all people who investing cryptocurrency is wise. And I have learnt to accept the fact. Right now, I only care about myself and my family. Giving advice only brings anger to me
There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
Relying your decisions on other's opinions might put your future and that includes your investments. We can't rely everything on what we hear and what we read except for trusted and reputable people who know more about the crypto world. We should balance the pros and cons of the advice that we hear or read. In some situations, our own instincts work better.
There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
Borrowing money to invest is not my thing, although it can be a good thing when your investment is doing good, it's still too risky for me. As for number three, it's okay to take or look for other opinions but don't just rely on it. Instead, use their opinions as your basis when deciding on an investment. Actually, I prefer looking at a lot of opinions from other people to see their points, but I always make my research because it's my investment, when I lose, it's my responsibility, not theirs. 1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.
You have a point! Don't just rely on someone opinion because they might may wrong and your own opinion is right. Yes, invest at your own risk with your own analysis so that you will not blame anyone if you lose. Own experience is the best learning method you can rely on.
Every investors want to make profit not loss in their investment. Sometimes listen to people advise can help you to achieve your goal and it can also make you lose your money. business is all about risk either it favour you or don't favour you at the moment of the transaction.
Many has borrowed to invest and they are doing well today because they have knowledge of investment. They have more experience concerning the project they are invest to which it will hard them to lose their profit. Leaning from others mistake will make you to make a right decision.
Well, hearing advice from others are worth listening if that is a pro-crypto but if that person you've ask is against crypto, you've heard disagreement and cofusion. That even we are open to hearing advice, we still need to picture out what could be the best because at the end of the day we are one that suffer the consequences. The same thing that if someone tells you about borrowing capital for investment. Not really a bad idea nor it was good, just be sure that everything you got will put into investment. Because sometimes it happens that some of it have gone lost because of bad money management habit.Many has borrowed to invest and they are doing well today because they have knowledge of investment. They have more experience concerning the project they are invest to which it will hard them to lose their profit. Leaning from others mistake will make you to make a right decision.
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