Maybe good time to loan money to invest in crypto - page 2.

dezoel

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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.

Sirait

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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

Currently, there are many financial mentors who teach about how rich people make money from debt, if the debt is put to good use, bought with crypto assets such as bitcoin or other potential tokens, then when the market is bullish the borrower gets doubled profits. Debt will be a good thing for a person when that person uses it for a promising investment.

Fakhrulenclix

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How can you be sure with analysis that next year will hit ATH?. I also don't mean to say that bitcoin is incapable of hitting ATH. Since you said that now is the right time to invest and make loans to invest, this is bad advice to me. The prediction is not wrong, but sacrificing everything for the sake of a prediction by making a loan to invest is not recommended.

oHnK

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Quote from: Sithara007 on December 19, 2021, 11:20:59 PM

Quote from: kaya11 on December 19, 2021, 06:01:15 PM

What is your basis of crypto being on ATH next year? It is pure speculation, there is no proof that we can grab, even the data are not accurate in giving information. No one can really know ehat would happen to BTC next year

I am less optimistic. We are at the end of the 4-year cycle and for the next 1-2 years I expect the prices to go down. Most of those who profited from the 20x bull run during the last two years would be looking forward to booking profit (at least partially). And this trend will accelerate once the exchange rates stay below 50K for an extended duration. Don't forget the fact that we had close to 80%-85% correction after the rallies of 2013 and 2017. I don't expect the same in 2022-23, but looks like there will be a correction.

Investing without correction is a scam, so that regardless of the current market conditions, as long as we buy it at a dip price, the 45k USD resistance value is not so scary that it creates a pessimistic feeling. Keep it up, this is the era of BTC, stocks or bonds are just old-fashioned economic products.

TheEconomists

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Quote from: Sithara007 on December 19, 2021, 11:20:59 PM

Quote from: kaya11 on December 19, 2021, 06:01:15 PM

What is your basis of crypto being on ATH next year? It is pure speculation, there is no proof that we can grab, even the data are not accurate in giving information. No one can really know ehat would happen to BTC next year

I am less optimistic. We are at the end of the 4-year cycle and for the next 1-2 years I expect the prices to go down. Most of those who profited from the 20x bull run during the last two years would be looking forward to booking profit (at least partially). And this trend will accelerate once the exchange rates stay below 50K for an extended duration. Don't forget the fact that we had close to 80%-85% correction after the rallies of 2013 and 2017. I don't expect the same in 2022-23, but looks like there will be a correction.

No one pray for Bitcoin downward trend but just says the fact of may happen come 2022. I do have that believe and history in this market used to repeat itself but people who invested at the wrong time will not want hear this truth because is either many of them are new to crypto currency market.

Rasa nanas

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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.

realcrypto

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My personal slogan to those I mentor is invested with spare money, even your personal money doesn't use your whole life savings to invest in bitcoin or any other cryptocurrency. So investing with the loan is extremely risky.

Sithara007

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Quote from: kaya11 on December 19, 2021, 06:01:15 PM

What is your basis of crypto being on ATH next year? It is pure speculation, there is no proof that we can grab, even the data are not accurate in giving information. No one can really know ehat would happen to BTC next year

I am less optimistic. We are at the end of the 4-year cycle and for the next 1-2 years I expect the prices to go down. Most of those who profited from the 20x bull run during the last two years would be looking forward to booking profit (at least partially). And this trend will accelerate once the exchange rates stay below 50K for an extended duration. Don't forget the fact that we had close to 80%-85% correction after the rallies of 2013 and 2017. I don't expect the same in 2022-23, but looks like there will be a correction.

Vaskiy

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Going for a loan to invest into bitcoin is good. For this user should always have plan A and plan B. Here we aren't assured of the profit, because the market volatility can give good profit as well as cause big loss. To stay high in the market and keeping the portfolio strong isn't an easy thing.

When you go for a loan it is always good to focus on cryptocurrency that give short term profiting, because higher the loan tenure higher will be the interest being paid. If the plan A didn't work, immediate execution of plan B should be done. Only then it is possible to limit the loss, else the loan along with the loss will make us suffer.

kaya11

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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

What is your basis of crypto being on ATH next year? It is pure speculation, there is no proof that we can grab, even the data are not accurate in giving information. No one can really know ehat would happen to BTC next year

so98nn

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Well to contribute into the matter, I would also suggest that it’s bad idea to take loan and invest the money if you are not sure in what you are investing. The crypto is not that strong asset to invest considering it’s volatility which is always at the high point. Just imagine the volatility which you looking after to double your investment can also go south side and make your investment half of original putting you in dangerous situation of heavy loss. At this point you will have to cover the half loss as well as also cover the interest rate that has been decided on the loaned amount.

I am pretty sure like me others have the same view about this strategy. If you are investing your loaned amount into something like government bonds which has fixed returns then you could be some what safe.

TheEconomists

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As an Economist I will not advice anyone who may want invest to go and borrow money for Bitcoin investment let alone Altcoins investment this is because crypto currency market is too volatile for such high risk, except if the person is a gambler and will want to gamble his or her money.

Alisha-k

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This is a good plan but does not seem to be the best strategy or idea.
I personally do not like the idea of borrowing money to start up a business worst of, borrowing for an investment with which you cannot predict it's future talk more of knowing how it's next year would turn to be.

Yes, it may be a good time to buy coins but that'll be best if the income where yours and you'll not be indebted in anywhere.

breathlessz

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Trphy.io

have we taken into account the risk when buying now, by borrowing money... indeed, currently there is a decline in the price of almost all coins experiencing it, but do we know the price will go up soon, or even go back down again, if that's the case, have we prepared a good strategy, as well as whether our mentality is good enough to take the risk, don't let us stress after that

JoyMarsha

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Do you want to commit yourself to what you can't come out from easily? You can borrow money to invest in bitcoin but have you thought about it after diversifying your investments, it didn't work out as you planned it "bitcoin skyrocketing to $120k". What do you intend to do by then? Don't forget you borrowed the money and you intend to pay it back soon.
It's better not to invest than borrow.

blockman

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Quote from: syedzakir on December 18, 2021, 12:10:28 PM

Taking loan and then to invest in cryptocurrency is not a good idea because if you are not a good trader and facing great losses then you may be in a great trouble.

A very terrible idea. If those people that have done this mistake in the past could show up, they'll warn the others to not do it and would please them not to follow their paths.

Quote from: syedzakir on December 18, 2021, 12:10:28 PM

You might be having no idea how to return the amount of loan you brought.
Invest what you have of your own. Don't risk with anyone's assets.

Interest would increase while the market tanks. And if the borrower would get to see the variance of it, he would just stop and won't pursue this idea. Only if he really don't want to have a lot of debt while waiting for the boom of his investment.

paxmao

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Just don't. Again, a number of posts that show zero understanding of the concept of risk. You started with clear inability to grasp what is thrid party risk with you post about stable coins, continued with not understanding the risk of fraud on a post about ICOs and the poor and now you show no hint about the risk of leveraging on a highly volatile asset. Seriously, you need to consider just reading some decent books instead of watching 30 seconds youtube videos of some stupid teenager "influencer".

Please, stop creating problems for the gullible.

Lanatsa

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Quote from: suzanne5223 on December 18, 2021, 03:21:36 PM

Quote from: LogitechMouse on December 18, 2021, 11:26:41 AM

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

~

Just do it for yourself and don't fool other people especially the newbie investors with what you are saying.
Getting a loan just to invest is very risky. Maybe it is good if you risked and took a loan after the big crash in March 2020 at the start of the pandemic but right now? I don't think it will give you profits if you loan to invest into crypto. It will only give you headache.

As for me and for most here, I think its not advisable to get a loan just to invest in crypto knowing that it is a volatile market and your initial capital might loss in just a couple of weeks. On the other hand though, there is no rules saying that you should not do it. Its just that its very risky.

I agreed with what you said and even if we're not dealing with a volatile market it's never advisable to get a loan just to invest in crypto this is the habit some people called greedily. However, the market is currently in the middle of to direction right now, it could take the bull momentum or repeat the previous scenario that happened in the year 2018.

I hope the newbies won't see what she said as a piece of investment advice.

Overall aspect then taking a loan is never been recommended! We should really make ourselves get freed with this kind of shackles on where you do have pending loans or debts which you would need to pay up and its better to have a debt-free live so that you wont really get stressed out.

If you do see some opportunity but you do lack of funds then having this kind of option isnt really that bad as long you do know and be responsible
on paying it back in due time.

Invest and take some loan on your own risk but be prepared on something about this kind of responsibility.

suzanne5223

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Quote from: LogitechMouse on December 18, 2021, 11:26:41 AM

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

~

Just do it for yourself and don't fool other people especially the newbie investors with what you are saying.
Getting a loan just to invest is very risky. Maybe it is good if you risked and took a loan after the big crash in March 2020 at the start of the pandemic but right now? I don't think it will give you profits if you loan to invest into crypto. It will only give you headache.

As for me and for most here, I think its not advisable to get a loan just to invest in crypto knowing that it is a volatile market and your initial capital might loss in just a couple of weeks. On the other hand though, there is no rules saying that you should not do it. Its just that its very risky.

I agreed with what you said and even if we're not dealing with a volatile market it's never advisable to get a loan just to invest in crypto this is the habit some people called greedily. However, the market is currently in the middle of to direction right now, it could take the bull momentum or repeat the previous scenario that happened in the year 2018.

I hope the newbies won't see what she said as a piece of investment advice.

syedzakir

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Taking loan and then to invest in cryptocurrency is not a good idea because if you are not a good trader and facing great losses then you may be in a great trouble.
You might be having no idea how to return the amount of loan you brought.
Invest what you have of your own. Don't risk with anyone's assets.

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