Loans are cheap good time to use loans for Investment in btc

oHnK

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Quote from: iamsheikhadil on March 22, 2021, 06:10:32 AM

Quote from: zanezane on March 22, 2021, 02:32:40 AM

Loans are cheap if the creditor doesn't have a specific time frame as to when you are going to pay the loan which is close to impossible but likely and the loan doesn't incur any interest. Do not believe that loans can help you make money especially if you are just starting to invest in bitcoin because there is a high chance that losses will be happening and the only way to profit is a long term hodl which is not a good thing if that bitcoin was bought with a loan.

Well, taking loans from financial institutions will just make it worse because of the interest amount to be paid as well as they set a fixed time within which one has to return the funds, so technically it's a burden on brain which will make trading less effective, while borring from friends and family and promising them that any profit you might make, you will give them a percentage of it, then that will be les burden and I think that's the best way and not taking loans from entities that will haunt you.

For people who are psychologically unstable, it will be a very severe burden to invest using debt. This volatile market condition is enough to make the psychology of investors and traders up and down quickly. Moreover, it is made worse by investing with borrowed money. So the psychological burden is double. But it's not a bad thing either if you can cover it, investing in debt is a cool and brave idea.

Alucard1

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Whatever the situation is, loaning is still risky when talking about cryptocurrency, you will going to regret it once you have failed from the investment because you still need to pay for the money you had borrowed, and that is frustrating because you have to pay for the money that have lost for nothing, you don't even use it to benefit you or someone. Just a friendly piece of advise, just save money so you can buy some amount of BTC instead of loaning.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

do not spend/invest with money that you can't afford to lose.
also, you know that bitcoin is against those banks.
you take a loan from a bank for bitcoin.
you are feeding those banks which will make it grow at. the same time, you want bitcoin to go up as well Grin

instead of taking loans from financial institutions, try to read or watch videos about flash loan.
https://www.youtube.com/watch?v=mCJUhnXQ76s
https://www.youtube.com/watch?v=ILBP38JrjTw

iamsheikhadil

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Quote from: zanezane on March 22, 2021, 02:32:40 AM

Loans are cheap if the creditor doesn't have a specific time frame as to when you are going to pay the loan which is close to impossible but likely and the loan doesn't incur any interest. Do not believe that loans can help you make money especially if you are just starting to invest in bitcoin because there is a high chance that losses will be happening and the only way to profit is a long term hodl which is not a good thing if that bitcoin was bought with a loan.

Well, taking loans from financial institutions will just make it worse because of the interest amount to be paid as well as they set a fixed time within which one has to return the funds, so technically it's a burden on brain which will make trading less effective, while borring from friends and family and promising them that any profit you might make, you will give them a percentage of it, then that will be les burden and I think that's the best way and not taking loans from entities that will haunt you.

mezzaluna

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Quote from: cryptoboss2020 on December 14, 2020, 10:37:23 AM

There is no signs that Bitcoin will slow down!

The risk/ratio reward telling that If the loans are cheap with low% its good to invest in risk assets like Gold btc and even property.

Even better If you can do day trading swing or intra day even you make just 1-3% daily.

If you have job and income and money to borrow its cheap now its not bad at all

The thought of getting a loan just to get into Cryptocurrencies is just scary for me because all investments made within this industry is risky and using someone else's money just to gain more is not a good idea if you do not have a great financial income. We know that its a good time to invest in btc but you will always have that thought of losing everything and not being able to pay back that loan is not a great image for someone.

If you really want to get into Cryptocurrencies, you should use your own money because all decisions can be made wholeheartedly and you wont have to worry about losing any of it because its own by you personally.

zanezane

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Loans are cheap if the creditor doesn't have a specific time frame as to when you are going to pay the loan which is close to impossible but likely and the loan doesn't incur any interest. Do not believe that loans can help you make money especially if you are just starting to invest in bitcoin because there is a high chance that losses will be happening and the only way to profit is a long term hodl which is not a good thing if that bitcoin was bought with a loan.

wiss19

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Quote from: jostorres on February 22, 2021, 12:14:23 PM

Actually I don't like taking loans to invest but I somewhat like his idea because the prices are actually only going up and if you take loans you don't pay much interest for a month and even some friends can lend you good amount of money for a month which you can use and buy Bitcoins in the middle of a bull run and just sell for a few hundred dollars profit.

If you just buy 0.1 Bitcoin at 50k and you just place sell orders at 51k then you earn $100 without any problems and in worst case the price falls down you can ask your friends for a few extra months to repay.

Hmmm

I am not sure about this and I wouldn’t advise anyone to take loan and be investing in Bitcoin, it’s always best to invest with your money and not all these loans. I always make sure to avoid anything that has to do with loan, and I would prefer that I work hard and get that money myself and invest it, than taking the loans. None of us are really sure about Bitcoin the way you have said, we can’t tell if it’s going to be increasing steady as you have said, price can still drop and you know that very well.

But it’s all about you, you know what’s going to work and if you think the loan will work, then go ahead, but don’t forget to create other means that you will be able to pay back if things go wrong.

Wawa2013

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It is true if we see Bitcoin price movements which continue to rise significantly, in contrast to what happened in 2017. But that is not a reason to use
capital from borrowed money, especially if we borrow money from banks that must be paid in installments every month. Remember we have a basic
rule of investing in Bitcoin, namely invest money that we can afford to lose, that means we should not use money that does have risks. If we use
capital from a bank loan, there is a debt burden that must be paid. Moreover, the price of Bitcoin is very volatile, there is no guarantee that the price
will not fall anytime soon.

tabas

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Quote from: milewilda on March 15, 2021, 04:57:03 PM

Quote from: tabas on March 15, 2021, 04:20:38 PM

Quote from: Flowzer on March 14, 2021, 06:47:26 PM

Quote from: tabas on March 14, 2021, 06:39:21 PM

Quote from: Flowzer on March 14, 2021, 01:31:31 PM

End of 2017, i loan 4000$ to get some rig of mining, fortunately for me i dont suffer any loss, but dont gain any profit too.

So not even a break even?

Fortunately i dont suffer any loss, that mean i reach break even, but its really stressful when you are on debt.
So the loss is not on the financial sector, more like mentally broken Cry

, But its really give me a experience.

That's somehow sad but it's still better than losing it. I understand how hard it is when it has became stressful and made you mentally broke.
Just look at the experience and how good it was and I think you have already moved on with that experience. So that's a good share that you've made and for sure have taught you a lot.

People would really get realizations through experience in most cases.I do really feel out on having that mental stress which is more devastating than on having some physical injuries or any other problems in body.
Once mental stress is on you then you cant really think up that well just because you are afraid or worrying into something. Decision making skills arent really on that straight line due to that reason.
Having debts alone is already a thing that could create such thing and better to avoid loans as best as you can and always take consideration on making decisions into this but if
you do really find out some opportunity which it is worth to take some risk on getting some loan then go ahead but be sure that you do know on what you are doing.

It is your brain that's fighting for it and that's hard to bear. Honestly, I've been with that before but not due to trading or taking a loss or I can't pay the interests.
But that happened to me through other experiences, not only once but a few times and it's really hard to tell if you're doing it correctly. As long as you're able to overcome it with whatever idea or way of fighting it, you're good. And I know the effect of taking loans that you have no idea if the path you're going to take will be worth it with that money.

milewilda

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Quote from: tabas on March 15, 2021, 04:20:38 PM

Quote from: Flowzer on March 14, 2021, 06:47:26 PM

Quote from: tabas on March 14, 2021, 06:39:21 PM

Quote from: Flowzer on March 14, 2021, 01:31:31 PM

End of 2017, i loan 4000$ to get some rig of mining, fortunately for me i dont suffer any loss, but dont gain any profit too.

So not even a break even?

Fortunately i dont suffer any loss, that mean i reach break even, but its really stressful when you are on debt.
So the loss is not on the financial sector, more like mentally broken Cry

, But its really give me a experience.

That's somehow sad but it's still better than losing it. I understand how hard it is when it has became stressful and made you mentally broke.
Just look at the experience and how good it was and I think you have already moved on with that experience. So that's a good share that you've made and for sure have taught you a lot.

People would really get realizations through experience in most cases.I do really feel out on having that mental stress which is more devastating than on having some physical injuries or any other problems in body.
Once mental stress is on you then you cant really think up that well just because you are afraid or worrying into something. Decision making skills arent really on that straight line due to that reason.
Having debts alone is already a thing that could create such thing and better to avoid loans as best as you can and always take consideration on making decisions into this but if
you do really find out some opportunity which it is worth to take some risk on getting some loan then go ahead but be sure that you do know on what you are doing.

tabas

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Quote from: Flowzer on March 14, 2021, 06:47:26 PM

Quote from: tabas on March 14, 2021, 06:39:21 PM

Quote from: Flowzer on March 14, 2021, 01:31:31 PM

End of 2017, i loan 4000$ to get some rig of mining, fortunately for me i dont suffer any loss, but dont gain any profit too.

So not even a break even?

Fortunately i dont suffer any loss, that mean i reach break even, but its really stressful when you are on debt.
So the loss is not on the financial sector, more like mentally broken Cry

, But its really give me a experience.

That's somehow sad but it's still better than losing it. I understand how hard it is when it has became stressful and made you mentally broke.
Just look at the experience and how good it was and I think you have already moved on with that experience. So that's a good share that you've made and for sure have taught you a lot.

Flowzer

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Quote from: tabas on March 14, 2021, 06:39:21 PM

Quote from: Flowzer on March 14, 2021, 01:31:31 PM

End of 2017, i loan 4000$ to get some rig of mining, fortunately for me i dont suffer any loss, but dont gain any profit too.

So not even a break even?

Fortunately i dont suffer any loss, that mean i reach break even, but its really stressful when you are on debt.
So the loss is not on the financial sector, more like mentally broken Cry

, But its really give me a experience.

tabas

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Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Flowzer on March 14, 2021, 01:31:31 PM

End of 2017, i loan 4000$ to get some rig of mining, fortunately for me i dont suffer any loss, but dont gain any profit too.

So not even a break even?

Quote from: Flowzer on March 14, 2021, 01:31:31 PM

I believe using loan for investment is not a wise move at all.
If you want to get rich by using loans, build a f&b bussiness or another line of bussiness which will give you fast cash flow.
The profit from that activity, you can use that for any investment, inc cryptocurrency.

You have to be specific, that's for crypto investment. Here's what we call good debt when we take loans for starting up a business or adding up a budget to our existing business. And that's a wise move because you're expanding what you have.

Flowzer

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I believe using loan for investment is not a wise move at all.
If you want to get rich by using loans, build a f&b bussiness or another line of bussiness which will give you fast cash flow.
The profit from that activity, you can use that for any investment, inc cryptocurrency.

End of 2017, i loan 4000$ to get some rig of mining, fortunately for me i dont suffer any loss, but dont gain any profit too.

angrynerd88

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Before taking loan make cos and benefit analysis also confidence over personal reserch and knowledge otherwise Credits not a great way to contribute in anything. You continuously have to be go from the inverse and think about what will happen in the event that you lose everything. Within the case of taking a advance, it is clear that it'll conclusion exceptionally severely for the borrower, and the cash will got to be returned increasingly each day, as intrigued for late installment will be amassed.

Spaffin

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The use of other people's funds in one form or another, always carries a certain danger and I have always opposed this, but there are such moments, especially at a time when quite good forecasts sound, such as for the whole of 2021, I want to take a risk and earn enough money by taking a loan and investing it in the highest rated and most demanded cryptocurrencies such as Bitcoin and Ethereum. I believe that many will do just that, But I will refrain, because I am stopped by the fear of losing everything.

Mauser

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Quote from: Snappycoco on March 04, 2021, 09:24:38 AM

As one of the ordinary people with less knowledge of day trading, it is quite hard for us to do the 1-3% return. It takes a lot of courage and experience to enter such and having no mentor means much more risk are ahead.

I agree. The number of loan offers is increasing, I keep getting emails almost every other week with a cheap offer for a loan. But since it is very risky to trade with borrowed money I am reluctant to use any funds that are not mine. Also to get the really cheap loans the banks demand collateral. So in the worst case if you lose all the money trading, you could also be forced to sell your house or apartment.

Snappycoco

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As one of the ordinary people with less knowledge of day trading, it is quite hard for us to do the 1-3% return. It takes a lot of courage and experience to enter such and having no mentor means much more risk are ahead.

Oilacris

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Quote from: mersal on March 02, 2021, 02:34:41 AM

Quote from: tyz on February 26, 2021, 11:20:36 AM

Quote from: mersal on February 26, 2021, 07:38:33 AM

Take loans only if you have any backup income source to compensate the due amount in case of investment failure, never think that you can make constantly 3% from day trading everyday, if you can do it and keep reinvesting all the capital amount then mathematically you can become more richer than jeffbezos in coupe of years.

For ordinary people, day trading is a losing business anyway. You can have a good run in the short term, but in the medium and long term you simply lose because you never have the opportunity to compete against the high-performance computers of the big investment banks.

Skills matters the most in day trading, so capital or who we are competing against is not really a matter to be a loser but we ourselves need to realize that making consistent profits from day trading is nearly impossible so we should not have any short term goals with the profits we make from trading then only it is possible to survive from the inevitable losses in the crypto space.

When you can deal up with short or active trades then why not? It isnt just a matter of difference between high performance computer or some sort yet even doing it manually
will really give you out some chance to become better.

Taking up loans for the sake of investment with bitcoin is most likely to be on that bad part unless if you can able to repay it without any problems then its your choice.

Always consider the risk factor before proceeding rather than on ignoring it because you would surely be shocked when you do need it to pay those interest but still you arent still making
into your btc investment.

Issa56

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Have been into cryptocurrency for few years now and anything related to cryptocurrency I will definitely advise everyone not to borrow and invest in Cryptocurrency no matter how the coin you want to buy. When it comes to cryptocurrency you don't have to borrow money or take loan to invest you don't have to invest all your funds in Cryptocurrency and you also have to invest what you can afford to lose don't invest what you can't afford to lose. Whenever it comes to cryptocurrency you don't have to trust any coin the coin you might be expecting that will do well will be the one to fuck you up. So whenever you are trading always make sure you are using your own savings and you don't have to invest all your money you should have backup plan.

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