Maybe good time to loan money to invest in crypto

molsewid

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Quote from: jamkesmas on December 29, 2021, 12:29:00 AM

I think borrowing money to invest in crypto is not the right decision, in the crypto world the risk for loss is quite large. it is better to invest in the world of dead money crypto.
before investing into the crypto world, analyze what coin you choose, learn how the coin will be profitable or lose in the future.

It is definitely not the right decision and not advisable at the same time. I've been trading crypto for a quite long time and not even once did I consider making a loan or borrowing money not in a bank or even in my friend just to invest in cryptocurrency because I know the risk of putting money in crypto. At the same time, we always have reminded here in the forum to only put your money in investment or trading that you are willing or afford to lose, so if that money that you use will come at loan then this is a clear indication that you can't afford to lose it.

XUR_TIP

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This is a bad advice Grin

, I've lost so many profits this year simply because I believe that bitcoin is going to 100k and I don't take the profits later it never happened and I walk away with what I could, the truth is BTC have already did so well since last year 2020 asking for more is just suicidal

Questat

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Quote from: jamkesmas on December 29, 2021, 12:29:00 AM

I think borrowing money to invest in crypto is not the right decision, in the crypto world the risk for loss is quite large.

You are right, the risk is quite large but it depends on how you handle the risk, otherwise, no one would invest their money here because they only see the risk not the opportunity. If one can borrow money to start a business, I think it's not bad to borrow money to invest in crypto.

Quote from: jamkesmas on December 29, 2021, 12:29:00 AM

it is better to invest in the world of dead money crypto.
before investing into the crypto world, analyze what coin you choose, learn how the coin will be profitable or lose in the future.

Can you explain this words " world of dead money crypto"?
Sorry, I don't get what you are trying t convey.

jamkesmas

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I think borrowing money to invest in crypto is not the right decision, in the crypto world the risk for loss is quite large. it is better to invest in the world of dead money crypto.
before investing into the crypto world, analyze what coin you choose, learn how the coin will be profitable or lose in the future.

Ngemmeng

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Quote from: globalpain on December 26, 2021, 05:15:29 AM

Quote from: Pahom on December 26, 2021, 04:40:10 AM

Investments and, what is more, risky investments must be done only using money that you have saved on your own. It is a terrible mistake to take loans and invest borrowed money in crypto. It is impossible to predict for sure the movement of the market in the short term, so it is better to invest in the long term and use your own money.

It's too risky to use borrowed money and use it to invest in crypto,
however it is not the right decision and need to consider strongly if making that decision,
It's clear that everyone is responsible for their own decisions

I have known bitcoin since early 2017 and until now I do not dare to use borrowed money to invest in crypto because I understand very well that investing in crypto is an investment that has a very high risk. Market conditions are completely unpredictable and there is no guarantee that the targets you set will be achieved as expected. the best way is to use your own money or you can participate in airdrops or bounties and use the money generated to invest in the crypto of your choice.

Desmong

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Quote from: Voxo2222 on December 12, 2021, 02:44:17 PM

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH

Good advise but it's not the best currently because the market can just decides to go completely bearish and never comes up to the particular level, maybe after many months which may make one or the borrower to incur more dept before the market comes to normal. This is not a good idea for me currently. The market is scary right now.

Anguwa

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Quote from: Voxo2222 on December 12, 2021, 02:44:17 PM

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH

Well said but not really advisable, because no body can tell what cryptocurrency market price can do. It's good to buy at a very low price and sell after pump, but taking loan or borrowing money to invest in cryptocurrency is entirely not advisable because of the higher risk involved. Moreover it's advisable not to invest what you can't afford to loose, and loan money cannot be lost because it's not my personal belonging.

Rufsilf

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Quote from: Voxo2222 on December 12, 2021, 02:44:17 PM

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH

That's just a mere speculation and quite impossible to assume that bitcoin would really reach $120k for the year 2022. The market just had reached $68k all time high last month, so that prediction is really too much to expect. And personally, I'm not really going to advice anyone to borrow some money just to invest in bitcoin when especially the market's volatility is really unpredictable so instead of making proifts, chances are you're going to be the reason for someone's loss and buried in tragic debts.
Folks, let's not forget to only invest what we can afford to lose because cryptocurrencies doesn't assure you to make profits.

blockman

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Quote from: Mahanton on December 26, 2021, 04:24:38 PM

Quote from: blockman on December 26, 2021, 03:41:33 PM

Quote from: Pahom on December 26, 2021, 04:40:10 AM

Investments and, what is more, risky investments must be done only using money that you have saved on your own. It is a terrible mistake to take loans and invest borrowed money in crypto. It is impossible to predict for sure the movement of the market in the short term, so it is better to invest in the long term and use your own money.

Truly a mistake if someone does this. Investing the money of others in the form of loan and putting a lot of risk to himself because there's the loan and adding the market volatility.
It's not a good strategy and start if you're investing in the crypto market. Using your own money is very much advisable because if you lose, you can lightly accept it.

Mistakes in general sense but there are exemptions if you do know on how to repay those debts or loans responsibly because it all matters if someone do able to do so or would fail to do so.
It is just having two possible scenarios could happen along the way thats why we do make out some conclusions directly just because we arent taking loans but for those people
who are in short in finances then i wont really be surprised on having this kind of option which supposed to be placed on last resort.Honestly i have done this stuff
but im just responsible on paying those back whether you do make profits or not.

If you're responsible enough on paying on time your debt and if you think that you can make it always without any default, you do what's the best in your capability.
But it's common that they did the loan just for investing in the crypto of their choice and don't have any other way of making another source of income which leads them to a bigger debt.

Mahanton

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Quote from: blockman on December 26, 2021, 03:41:33 PM

Quote from: Pahom on December 26, 2021, 04:40:10 AM

Investments and, what is more, risky investments must be done only using money that you have saved on your own. It is a terrible mistake to take loans and invest borrowed money in crypto. It is impossible to predict for sure the movement of the market in the short term, so it is better to invest in the long term and use your own money.

Truly a mistake if someone does this. Investing the money of others in the form of loan and putting a lot of risk to himself because there's the loan and adding the market volatility.
It's not a good strategy and start if you're investing in the crypto market. Using your own money is very much advisable because if you lose, you can lightly accept it.

Mistakes in general sense but there are exemptions if you do know on how to repay those debts or loans responsibly because it all matters if someone do able to do so or would fail to do so.
It is just having two possible scenarios could happen along the way thats why we do make out some conclusions directly just because we arent taking loans but for those people
who are in short in finances then i wont really be surprised on having this kind of option which supposed to be placed on last resort.Honestly i have done this stuff
but im just responsible on paying those back whether you do make profits or not.

blockman

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Quote from: Pahom on December 26, 2021, 04:40:10 AM

Investments and, what is more, risky investments must be done only using money that you have saved on your own. It is a terrible mistake to take loans and invest borrowed money in crypto. It is impossible to predict for sure the movement of the market in the short term, so it is better to invest in the long term and use your own money.

Truly a mistake if someone does this. Investing the money of others in the form of loan and putting a lot of risk to himself because there's the loan and adding the market volatility.
It's not a good strategy and start if you're investing in the crypto market. Using your own money is very much advisable because if you lose, you can lightly accept it.

titular

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Quote from: Voxo2222 on December 12, 2021, 02:44:17 PM

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH

Should you choose to use loans as a means of buying bitcoin, you will quickly make a new friend called interest payments; and you will see how much of your gains get wiped out just from holding that cash you never owned.

Purchase with cash, nothing else.

MIner1448

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Quote from: Voxo2222 on December 12, 2021, 02:44:17 PM

Maybe now its a good time to invest
And borrow money.
Btc goes 120,000$ if you buy now you make like over 60,000$ profit.
But dont buy just btc divide ur portfolio ...
Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.
Pay i ng back loan and u are in profit.
Next year as we all know ATH

You are claiming that Bitcoin will be priced at $ 120,000. What guarantees can there be that such a price tag will be in the near future? Yes, no, it's the same with the metaverse. The wrong investment will lead to huge problems for the investor who took out the loan. Moreover, this loan must be repaid on a monthly basis, I doubt that the portfolio will grow monthly.

globalpain

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Quote from: Pahom on December 26, 2021, 04:40:10 AM

Investments and, what is more, risky investments must be done only using money that you have saved on your own. It is a terrible mistake to take loans and invest borrowed money in crypto. It is impossible to predict for sure the movement of the market in the short term, so it is better to invest in the long term and use your own money.

It's too risky to use borrowed money and use it to invest in crypto,
however it is not the right decision and need to consider strongly if making that decision,
It's clear that everyone is responsible for their own decisions

Pahom

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Investments and, what is more, risky investments must be done only using money that you have saved on your own. It is a terrible mistake to take loans and invest borrowed money in crypto. It is impossible to predict for sure the movement of the market in the short term, so it is better to invest in the long term and use your own money.

Oshosondy

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Quote from: Baofeng on December 20, 2021, 10:10:20 PM

Then why do you take the risk of taking a loan then if you don't know if bitcoin can go to $100k or $10k in the future? You are putting yourself in jeopardy and this is not a good financial advise in my opinion.

Yes, the prediction is already wrong, no 6 digits in sight and this is another lessons to learn in crypto.
So for me, it's better not to listen to this so called influencers or from those who predicted the price as they will be obviously just like you and me, making a wild and educated guess.

That will be the most foolish thing I can ever think about and that I can never do. The only thing I can do is to take a loan using my bitcoin as a collateral which is still better than just taking a loan. So if I do not pay on time, my bitcoin will be liquidated. This is a good strategy that rich people can use to avoid paying excessive taxes. But for someone to just decide to borrow money for bitcoin investment, it is absolutely foolishness if not well planned. In the next bull cycle, I believe some people having high amount of bitcoin holding that doe not want to sell will just have to loan another coins or currencies while holding their bitcoin as collateral.

Baofeng

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Quote from: Ngemmeng on December 20, 2021, 05:45:48 PM

yes btc can go as high as $120k, but no one knows when that will happen. if you learn bitcoin investing properly and know how the bitcoin price moves you will not use the money from a loan to invest in bitcoin. many predicted that before the end of the year bitcoin price would reach $100k, but in reality the prediction was wrong because bitcoin only reached its highest point in the $69k range. meaning that your predictions about the price of bitcoin are also potentially wrong like most people's predictions.

Then why do you take the risk of taking a loan then if you don't know if bitcoin can go to $100k or $10k in the future? You are putting yourself in jeopardy and this is not a good financial advise in my opinion.

Yes, the prediction is already wrong, no 6 digits in sight and this is another lessons to learn in crypto.
So for me, it's better not to listen to this so called influencers or from those who predicted the price as they will be obviously just like you and me, making a wild and educated guess.

Ngemmeng

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yes btc can go as high as $120k, but no one knows when that will happen. if you learn bitcoin investing properly and know how the bitcoin price moves you will not use the money from a loan to invest in bitcoin. many predicted that before the end of the year bitcoin price would reach $100k, but in reality the prediction was wrong because bitcoin only reached its highest point in the $69k range. meaning that your predictions about the price of bitcoin are also potentially wrong like most people's predictions.

Bollexz1

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Of course bear season has always been the best time to bag more coins but I would never advise anyone to take up loan because you never can tell when the invested coins would generate profits for you. However, it might even dip the more till your pay back time complete.

dunfida

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Quote from: dezoel on December 20, 2021, 03:29:41 PM

Quote from: Rasa nanas on December 20, 2021, 08:20:49 AM

Quote from: ?? on ??

It may be a good time to buy some very good projects now that the market is down but getting a loan to do that is not advisable in my opinion, crypto investment is risky and it is not encouraging to take a loan to invest in it,
In fact, it is advisable to only invest what you can afford to lose, so I don't think taking a loan is a wise thing to do.

Using borrowed money to invest in crypto is highly discouraged because there is no guarantee that the money will add up in the near future. I myself have never used the money I got from real world work to invest in crypto because I only used bounty and airdrop results for long term investments in crypto. by using this method I feel much calmer even though the market conditions are bearish.

I would say it is not bad to put money you earn in fiat into crypto, that is still a good idea as long as you do not take out a loan for it. Plus very rich people keep getting bigger and bigger loans and then go into bigger and bigger debts because they have assets that can cover those debts.

So, if you are truly wealthy then you could end up getting some big loans and put them into bitcoin as well, since you have assets that generate passive income then you could pay that loan back without a problem, so if you believe that you could take out a loan and pay that back without any crypto returns then that is fine as well. However, if you are a regular person like me, saving some of your earnings aside from your salary and then putting that into bitcoin is enough, if you are taking out a loan with a repayment depending on how well bitcoin does, then you are going to be screwed.

Never ever consider your crypto gains to be the ones who would really be paying up your bills and those loan interest because this market wont really be giving out guarantees that you could really make out money.

Whenever you do try to compare yourself into those rich and wealthy people then better not yet you would just pity up yourself in regarding into your condition in terms of finances.

Just let them be because they had something to spare up whenever their investment do fail.They would still able to repay those loans if they wanted to.

Topic: Maybe good time to loan money to invest in crypto (Read 731 times)