Loaning 5000 $ to trade with them ! :o

YinShuiSiYuan

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Quote from: Khaledwin on October 29, 2018, 05:05:33 PM

The market is falling down right now so i think to loan 5000 $ witch i don't have it.. i lo1n it when ether is 200 $ and i sell when ether will be 1000 $ or a little more to get 25000 $ waaw it's verry attractive .. please with experience help me with your oppinion ! (i know it's risky but ther's no great thing with no risk ) .. thnx

If you know what you are doing, the decision is yours. However, you must remember that you will invest the money you borrowed, which you will have to give away. There is no guarantee that you will earn fast enough to be able to repay the loan. And what if the prices fall yet?

khufuking

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Man, that is the last thing you will want to do, don't ever borrow money to invest or trade in a high-risk business like Crypto. I have a real life friend that did exactly the same thing you want to do and guess what! The borrowers are chasing him right now asking for their money and he has no way to pay them back and he is now thinking to borrow more and re-invest so he can repay and I think he will be in a circle for so long unless a miracle happened and market raised x10.

ObroQ

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Quote from: Khaledwin on October 29, 2018, 05:05:33 PM

The market is falling down right now so i think to loan 5000 $ witch i don't have it.. i lo1n it when ether is 200 $ and i sell when ether will be 1000 $ or a little more to get 25000 $ waaw it's verry attractive .. please with experience help me with your oppinion ! (i know it's risky but ther's no great thing with no risk ) .. thnx

My advice would be not to invest money you don't have. Market volatility is high so you can't know what's going to happen next.

goodluck0319

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are you ready for the fact that the market will be in this position for another, for example, 2 or 3 years? and how to return the money...

HellDiverUK

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Answering the question whether it is a good idea, I am not sure. If you were achieving good trading results over the course of last 3 years - perhaps it is. If you are just starting with live trading - definitely it is not.

COPARTT23

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A loan for an investment is a bad idea, there is no guarantee that you will not be deceived, the exchanger will not close or anything, you also cannot think of the duration of the investment, and if it is too great you will lose some of the profit. Trading is not what you need to take a loan.

KOF97

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Fast, Smart, Trustworthy

It is too risky to complete the investment through loans, and I don’t think you should use ETH as the main target of trading again. Because the ICO market continues to be sluggish, I suggest you pay attention to other new altcoins! FTM.WDC

Bob Backlund

newbie

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What you are planning is full of risks. But, the risks are calculated one since the market is bound to bounce back and you will make a huge profit once it does that. In that case you will have to make secure investment on the market.

HSRP

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: xenomorphe1 on October 31, 2018, 02:42:28 AM

Don't loan money for trading. It will just put more pressure on yourself if the price of ETH doesn't increase at the end of this year. It is possible that the price stay like this for a long time.

Now the market is down, if the money to invest may be the highest loss, so do not try, look for other markets, or other opportunities for us, so I think they We should not use big money to invest in this market. hard to eat

CowboyX

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if I were you I would have thought again before making such a decision. cryptocurrency market thing is very unstable and you can lose your money at any time

xenomorphe1

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Don't loan money for trading. It will just put more pressure on yourself if the price of ETH doesn't increase at the end of this year. It is possible that the price stay like this for a long time.

yndye

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Quote from: Khaledwin on October 29, 2018, 05:05:33 PM

The market is falling down right now so i think to loan 5000 $ witch i don't have it.. i lo1n it when ether is 200 $ and i sell when ether will be 1000 $ or a little more to get 25000 $ waaw it's verry attractive .. please with experience help me with your oppinion ! (i know it's risky but ther's no great thing with no risk ) .. thnx

I would suggest not to do it. You would just be focusing more on earning money and you would end up getting greedy not selling when you have to so you will end up watching it go down and then regret not selling it when it has a higher price. You wouldn't be able to trade rationally if you borrow what you trade because you would be chasing trades and then eventually, you would just watch your capital continue to go down. Yes, there may be a possibility that you would be able to get back your investment in a short amount of time but then it is still too risky.

jossiel

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Very impractical.

Don't add to those people that shared their bad decision and story that they became broke after getting a loan for crypto. Don't you have some other things to do while you haven't bought? trading needs to be serious with your bare hands and lending a money to use as a capital isn't really a good move.

pageraji

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Quote from: Khaledwin on October 29, 2018, 05:05:33 PM

The market is falling down right now so i think to loan 5000 $ witch i don't have it.. i lo1n it when ether is 200 $ and i sell when ether will be 1000 $ or a little more to get 25000 $ waaw it's verry attractive .. please with experience help me with your oppinion ! (i know it's risky but ther's no great thing with no risk ) .. thnx

Loan for trading crypto is high risk, if you are new to trading my advice is for you to start with small capital, you do not need to buy expensive coins / tokens, for example buy futurax / ftxt tokens with $ 100 dollars and see market developments, good news, new exchanges and so on, learn coins or tokens with a price of 0.001 $ etc. there is a possibility of more than 2x or more profits

Asger223

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Considering the market and it's uncertainty it is never a good idea to make an investment on the basis of a loan with the hopes of repaying it if and when you can profit from said investment. If you're that interested in investing then just take your time and invest in something you can afford rather than reach out for impossible odds. With great risks come great profit is a double edged sword as you'd stand a chance to lose more than gain in the worst case scenerio.

Gelesko

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Quote from: Khaledwin on October 29, 2018, 05:05:33 PM

The market is falling down right now so i think to loan 5000 $ witch i don't have it.. i lo1n it when ether is 200 $ and i sell when ether will be 1000 $ or a little more to get 25000 $ waaw it's verry attractive .. please with experience help me with your oppinion ! (i know it's risky but ther's no great thing with no risk ) .. thnx

It depends who you going to loan from and what percentage you going to pay for that? Giving backloans is always hard, especially whn you have a limited time for that! Think twice, before you do that kind of decision, as the market and you thoughts will differ from real situation !

i7claufe

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AhrvoDEEX FUTURE OF BROKERAGE TRANSACTIONS

If this is not your money, you are telling is you are going to loan it. It will be a big risk, what if the crypto goes down so much,then you'll be in grave danger! Always remember the basic stuff when dealing with crypto, to invest only what you can afford to lose.

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: Khaledwin on October 29, 2018, 05:05:33 PM

The market is falling down right now so i think to loan 5000 $ witch i don't have it.. i lo1n it when ether is 200 $ and i sell when ether will be 1000 $ or a little more to get 25000 $ waaw it's verry attractive .. please with experience help me with your oppinion ! (i know it's risky but ther's no great thing with no risk ) .. thnx

you can do it but before doing this first ask yourself the following question:
what will you do when ETH price drops from $200 down to $100 or even to $10? in this case you would lose $4750 out of $5000 and be left with only $250. what would you do then?

if you have a good answer to this question then by all means do it. go borrow that money and invest.

ccsang

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you will regret later if loan $5K to trade, did you know that cryptocurrency is a high risk investment, possible gain 5x profit, but it's also possible lose all your money, example eth price in January is $1K and current price only have $200, nobody know that market price is uptrend or downtrend in next month, don't forget you usually can't avoid paying interest on loans

batang_bitcoin

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Are you going to loan for trading? no! you shouldn't do that. Trading is risky and its better if you're going to play with your own money.

If you are an experienced trader then that's okay but if you are still new to trading, its not advisable. You can lose then at the same time you'll have credit to pay with interest. You can start with a very little amount $50-$100 would do, don't loan if you are just going to trade.

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