Maybe good time to loan money to invest in crypto - page 4.

judaspriest

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C O M B O

Quote from: Sikinkato on December 15, 2021, 10:00:03 PM

Cryptocurrency fluctuates greatly, and its price is unpredictable. Borrowing money for investment is not recommended because it has higher risks.
So invest within the scope of your own funds, otherwise it will increase a certain burden.

It's true borrowing money to invest in crypto is certainly not the right choice,
The big risk of crypto I think is a strong consideration for everyone not to do that,
but sometimes to make a profit you need to take a risk

Finestream

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Quote from: Sikinkato on December 15, 2021, 10:00:03 PM

Cryptocurrency fluctuates greatly, and its price is unpredictable. Borrowing money for investment is not recommended because it has higher risks.
So invest within the scope of your own funds, otherwise it will increase a certain burden.

Exactly. Borrowing money is not always a good option because it will only give us burden in the latter part knowing there is no fixed income in crypto and there's no even fixed dates when to make profits. So never invest if you just take loans, only invest on the amount you can afford to lose. The market is definitely a good time to invest but since its always unpredictable, so there will be no guarantees that we will make profits right after we invest. Of course we will make profits in crypto but it takes time before we can enjoy the profits.

Sikinkato

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Cryptocurrency fluctuates greatly, and its price is unpredictable. Borrowing money for investment is not recommended because it has higher risks.
So invest within the scope of your own funds, otherwise it will increase a certain burden.

darewaller

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Quote from: globalpain on December 15, 2021, 05:39:31 AM

If for me borrowing money for investment would be the last option and I will consider it too,
investing alone is not always profitable and the risks are also big especially this is about crypto,
more or less like that maybe what i will do

It would be the same for me. If I was a business owner and I was getting a loan just to expand my business with the hopes of a bigger return then I would definitely do it. Loans are a natural part of a business owners life cycle and you need to keep being in debt to keep growing your company constantly, if you are not taking any loans then you are not growing at good enough pace.

Every single major company in the world has debt, or at least almost all of them, why? Because it is wiser to be debt now and grow your company, then wait to collect enough cash to grow. In the end when you take out a 3-5 year loan, by the time you finish paying, it will be small change for you if you used it smartly. However, if you do it on investment, you need to keep paying that debt from the investment sell offs and that will never be a great one unless you got super lucky.

Hamphser

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Quote from: Sophiya on December 15, 2021, 04:57:18 PM

Taking out loans, selling your apartments in order to invest in cryptocurrency is a bad idea. I think it is worth investing in coins only the money that you do not mind throwing out the window at the moment. This will help you maintain your mental health in case of failure. I know a lot of sad stories of people in 2018, when they took out loans secured by an apartment. Everyone knows how it ended. It is not worth investing more than you can afford. If you are unlucky enough to get rich, you will still have to pay back your debts.
This is my subjective opinion)

I do even see my neighbor on selling their livestocks like carabaos,cows and other farm animals for them to invest on crypto? I have seen it on early 2018
until the price gets crashing and did really result into that extreme stress and anxiety because they hadn't expected that they would really be experiencing
such loss.

They do even panic sell with those coins without tending to hold it for at least on some recovery but actually did the opposite.

Now they do hated up on investing or dealing or even touching with crypto leaving out behind those bad impressions which is sad.

Kasabus

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Quote from: harizen on December 15, 2021, 04:31:59 PM

Quote from: Voxo2222 on December 12, 2021, 03:44:17 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

If only things are easy to predict, we won't have any problems.

What you said will be underlying in the situation of "what if". It's a good plan but only if things will go directly the way you want. I won't contradict or stop if someone wants to make a loan to take advantage of the price dip. People themselves know their financial capability and ability to pay those loans compare to us. If you think you can handle the risks and you are well-prepared to deal with any future problems, it's your decision.

It's your money after all.

Well, the last decision will still be in your own hands. But knowing that this market is very much unpredictable, taking loans to invest is never a good idea as it will only make your life miserable paying your debt because there is not fixed month or year when you will make profits. I know this is a great time to invest in crypto but invest on your extra money that you can afford to lose. In times like this where the market is constantly dumping, the scenario just looks the same with gambling as you really don't know when to make profits, and better prepare for losses once you start panic selling.

Sophiya

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Taking out loans, selling your apartments in order to invest in cryptocurrency is a bad idea. I think it is worth investing in coins only the money that you do not mind throwing out the window at the moment. This will help you maintain your mental health in case of failure. I know a lot of sad stories of people in 2018, when they took out loans secured by an apartment. Everyone knows how it ended. It is not worth investing more than you can afford. If you are unlucky enough to get rich, you will still have to pay back your debts.
This is my subjective opinion)

teosanru

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Quote from: Voxo2222 on December 12, 2021, 03:44:17 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 the loan and u are in profit.
Next year as we all know ATH

Yes sure try it once and the market will teach you the Lesson to take this excessive leverage. Never ever try to gamble in this market, it's a very risky market that really has the potential to dismantle your whole life if you don't play it intelligently. You are saying that it might reach an all-time high but there are good chances that the market might move south altogether and you might face huge loss and eventually, you are stuck in a debt trap when the market becomes bearish even metaverse or web 3.0 tokens aren't really able to do anything they will go from $10 to $2 and then to $6 claiming a 3x return but eventually you still are 40% down.

harizen

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Quote from: Voxo2222 on December 12, 2021, 03:44:17 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

If only things are easy to predict, we won't have any problems.

What you said will be underlying in the situation of "what if". It's a good plan but only if things will go directly the way you want. I won't contradict or stop if someone wants to make a loan to take advantage of the price dip. People themselves know their financial capability and ability to pay those loans compare to us. If you think you can handle the risks and you are well-prepared to deal with any future problems, it's your decision.

It's your money after all.

0t3p0t

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Voxo2222 on December 12, 2021, 03:44:17 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

I think this is too risky for such an investment because we all know that crypto is a volatile market and we don't know when we're gonna get our profit from investing our our money. We may have the chance to get profit but the chance of losing the money we borrow is too hard to get back. Investment is only for people who has extra money who are willing to lose it in an instant.

Falconer

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I received an offer from a friend of $5000 some time ago to invest with a profit-sharing agreement, but I turned it down simply because I don't want to risk other people's money even though I'm sure there are plenty of crypto that still have the potential to drive up the price.

I'm still very confident about bitcoin's ATH potential in the next 1 to 2 month, but lately I'm starting to have doubt about it given that FUD continues to grow. There is a risk involved when borrowed money is used to invest because basically the borrower just wants to make a profit without being responsible for losses due to market volatility. I won't be doing it anytime soon, but will consider it in the future and maybe before the next halving. There is no certainty in this investment, especially if we do not do it in the long term and the average borrower cant provide loans without real results within 5 to 1 year of loan time.

Chrystora123

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Omicron is another FUD

Quote from: Voxo2222 on December 12, 2021, 03:44:17 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

without daring to take risks, you will not be successful, Borrow money to invest in a crypto is indeed very risky but if you buy when the market dips and then wait until it's bullish then we will get more profit. do it wisely..

geegaw

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Quote from: Xampeuu on December 15, 2021, 09:59:11 AM

If we have guarantees and knowledge about cryptocurrencies, I don't think it's a problem to get a loan to invest, because we understand the risks and rewards of investing in bitcoin. but if we are only controlled by lust and emotion to get a lot of money in a short time, then this will boomerang for us who still lack knowledge

To be honest, there is no paper or test that can verify our knowledge or any specific documents to provide assurance to you and your crypto to be safe for you to engage in borrowing and investing, maybe even as you say, right before we get a loan, lust has filled the brain and produced tremendous confidence but it's all hollow and rotten. Borrowing money in the past can be solved by working hard to reduce the amount owed but right now, the skin of the economy is peeling a lot, it's easier to get a loan but interest and repayment opportunities start to become more strangled, loan is not an option that should be considered

Sebas.tian

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Quote

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

Loan money to buy bitcoin is not a good idea to newbies in the areas of investment. Bitcoin is a decentralized currency which is different from centralized investment which you can loan money to start a business and within a year you can pay back your loan. Bitcoin is unpredictable which nobody know when it will pump and when it will dump, so never you use loan to buy bitcoin because there are a lot of things to face in the future if the price refuse to increase and there is time to pay back the loan you have collected.

bitzizzix

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Investing in crypto or any other with borrowed capital is very risky and should be avoided because investing is something we don't know or are uncertain about whether it will result in profit or loss.
In my opinion, loans are only intended in times of emergency and really in urgent situations, for example because of illness or other, not to take risks that do not necessarily generate profits, especially if you do not have the knowledge to invest and that would be tantamount to suicide. Grin

Xampeuu

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If we have guarantees and knowledge about cryptocurrencies, I don't think it's a problem to get a loan to invest, because we understand the risks and rewards of investing in bitcoin. but if we are only controlled by lust and emotion to get a lot of money in a short time, then this will boomerang for us who still lack knowledge

globalpain

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Quote from: TheNineClub on December 15, 2021, 04:15:18 AM

I don't think borrowing money to invest in anything is a good idea. Not saying it would always result in a bad outcome, but it's definitely much riskier than it should be. It can be a risk for seasoned investors, let alone relatively inexperienced investors. As one post on this forum is titled 'Invest only what you can afford to lose'. It's a hard pill to swallow, but that's the safest option.

If for me borrowing money for investment would be the last option and I will consider it too,
investing alone is not always profitable and the risks are also big especially this is about crypto,
more or less like that maybe what i will do

TheNineClub

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I don't think borrowing money to invest in anything is a good idea. Not saying it would always result in a bad outcome, but it's definitely much riskier than it should be. It can be a risk for seasoned investors, let alone relatively inexperienced investors. As one post on this forum is titled 'Invest only what you can afford to lose'. It's a hard pill to swallow, but that's the safest option.

Oshosondy

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Gamble responsibly

Quote from: xSkylarx on December 13, 2021, 02:32:25 AM

You have a point. The problem really is we always thinking of the profit and we cant imagine if it will be a loss. As an investors you should always think first your losses than profit since if you lose then you dont have a plan then youll end up 0 profit and also your money will be gone. Imagine taking a big loan to invest into crypto what is your plan if all of that money is gone ? How can you pay the loan? if you cant pay it if the money is gone then that is not the right choice. Crpyto is really risky.

It is not even only about the losses, also we should think about the period the profit will be possible, if the profit is more than many months or years before it comes, I believe the profit over the loan would have increased too. It will be funny if the profit gained from the price of the coin that increase is not sufficient enough to pay back the loan and its profit. But the worst case is what you have said already, for the person to get a loan, invest and lose the money. It is better not to loan than a loan that can severely affect someone's life negatively.

oHnK

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Quote from: Vaculin on December 14, 2021, 04:22:42 AM

I do agree that loaning money to invest solely on crypto is not a great idea. Loans need to be paid on the contract signed. When you invest in crypto, you won't have that assurance that you'll accumulate enough to repay the loan itself.

Actually I don't blame your opinion, but what I think at this time is that borrowing to invest is not a very bad thing if managed properly. Before we borrow, we also have to measure our ability to pay it like what, and can we if the loan is not successful in the sense of being unproductive? For example, MSTR is a company that issues bonds to finance their investments in crypto. I also dare to say that their investment is quite good in terms of the profit earned, so it is not a very bad choice if we have judged ourselves worthy or not in managing it.

Topic: Maybe good time to loan money to invest in crypto - page 4. (Read 710 times)