Maybe good time to loan money to invest in crypto - page 6.

adzino

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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

There is no "good" time to invest in crypto currencies. Every moment is perfect opportunity to invest as long as you can afford to lose everything. And no, you shouldn't borrow money to invest in crypto currencies. The market is very volatile and unpredictable. You might end up losing everything and things will start getting even harder for you. The first rule of investing in crypto currencies is to make sure you can "afford" to lose your investment. Can you afford to lose borrowed money? Nope.

DrBeer

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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

Sounds very nice. But the reality will be different. At a rate of $ 60,000 per bitcoin, someone will buy. Then a bearish trade will begin, and a person in a panic, observing hourly how bitcoin is falling in price, will at first control himself, but when his eyes begin to twitch, like a squirrel from the "Ice Age", he will begin to drain bitcoin at $ 30,000. By the time Bitcoin costs $ 120,000, this person will have a hole in his pocket, a nervous breakdown, and a mental disorder

The principle was voiced a long time ago, the main thing is to incorrectly determine that these moments have come - sell at the maximum, buy at the minimum.

RealMalatesta

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Quote from: boyptc on December 13, 2021, 10:07:08 AM

You should give them the cons of loaning for bitcoin. I've seen people become successful on it but they're very few whilst on the other side, those that didn't have good experience and ended up with more loss.

That's what you have to tell them honestly if they're seriously going to take a loan for bitcoin. But if they're aware of the possible negative effect, wishing them the good result.

It is not even about just crypto, it is about getting a loan to make an investment and that is the biggest problem. I have to say there is a big problem at paying it back most of the time and that is the biggest reason why I am not getting any loans at all. It just doesn't worth it and I rather not do it at all. It is clear that we are talking about something that is dangerous to begin with, as long as you can't pay your loan back, you are going to lose even more and more and do not forget about the interest on top of that.

You can make a debt at a small level, like for example you are making a credit card debt that you have pay one by one each month? That seems fine. But, getting a whole loan out of this deal is not really a good one and you can't make a proper payment back when the price is too much. This is why I try to avoid it as much as I can, because big debts require big repayments.

Quidat

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Quote from: Oasisman on December 13, 2021, 04:40:09 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.

I don't see any problem with this investment method as long as you're capable of paying the loan without depending on the returns when Bitcoin pumps. Because, nobody knows when will Bitcoin reach $120,000(your target).
If you can't afford to be paying that huge amount of loan using your hard earned money form your day job or from your business, then I can say it's a good choice to make.
Always remember, invest what you can afford to lose.
Now, If you will be struggling to paying back the loan without depending on your investment's return, then I can say you cannot afford to invest that huge amount on Bitcoin.

This is true!

It isnt bad to make such step as long you do make yourself responsible on paying it back.There are really moments or times which
cant really be avoided on where we are short of money to invest on.

Specially if we do see some opportunity in our front but have nothing to spend or put on and this is where people
do really make out such decision.

Most of the time they do experience problems but there are ones who do make more profits out of those loan
because they had done the right thing.

Oasisman

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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.

I don't see any problem with this investment method as long as you're capable of paying the loan without depending on the returns when Bitcoin pumps. Because, nobody knows when will Bitcoin reach $120,000(your target).
If you can't afford to be paying that huge amount of loan using your hard earned money form your day job or from your business, then I can say it's a good choice to make.
Always remember, invest what you can afford to lose.
Now, If you will be struggling to paying back the loan without depending on your investment's return, then I can say you cannot afford to invest that huge amount on Bitcoin.

izsara

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investing is one of the very good things that will indeed make this even better because at least with future interactions we will be more secure and there will be more grip compared to people who don't invest.
But it's not good for me when making investments but the results from borrowing.
indeed something like that would be okay but I feel like this is not a very good thing to do

sulendra12

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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.

Yea, that's so easy to say. It's easier to said than done.
But, just imagine if things not going as planned? Your money is just gone + your loan so it leaves you with the debt and make things worse for you.

I don't recommend to make a loan for trading since how high the risk is to invest, even you can pay it afterwards, it's not the best action to make anyways.

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

Next year as we all know ATH

There is too much possibilities we could get at next year, we don't know what happen next year.

pealr12

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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.

CaVO32

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Quote from: habebe on December 13, 2021, 03:30:26 PM

Well it's not bad if you need to borrow money just for an investment because we don't know that by borrowing money there he grows and thrives, of course he can easily pay it off, if you have a job it's also easy for you to get and get finances but with loan for investment I think sometimes others despise borrowing money and for me its up to you how do you make money to invest because not everyone takes out a loan for financial and we don't think the same way sometimes the good will end up in the bad.

That is, if he has other resources that can cover if in case he is not lucky with his crypto investments. Because if not, and he is only relying to the possible rise of value, I don't think he can sleep peacefully here, knowing that he needs to return the loan as well as interest for a specified period of time. So if you have no other means to pay off the debt, I won't suggest to make a loan when it comes to crypto investments. This market is very unpredictable and you have no assurance that you will attain your targets at a certain time.

habebe

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Well it's not bad if you need to borrow money just for an investment because we don't know that by borrowing money there he grows and thrives, of course he can easily pay it off, if you have a job it's also easy for you to get and get finances but with loan for investment I think sometimes others despise borrowing money and for me its up to you how do you make money to invest because not everyone takes out a loan for financial and we don't think the same way sometimes the good will end up in the bad.

Voxo2222

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Quote from: dezoel on December 13, 2021, 02:33:05 PM

I don’t like the idea of taking loans to invest in cryptocurrency, because of the risks. Although I have seen stories of very few people who have been able to make profit from investing their loans in cryptocurrency and making huge money later on and paying back their loan and then starting up a better life. But at the same time, I have seen stories of many people that lost the money and one that even took his life because of that, there are many that lost the money than those that actually gained.

So, it’s quite a risk, and you should make some calculations first before taking such a risk. I don’t like this idea at all. It’s best to work hard and raise your own money and invest in crypto, loan is a very bad idea please. Don’t advise people to do such, thank you.

And where is risk ? U keep the asset dont buy when green buy at least when red market.
And then dont sell at loss wait for better price and sell it u keep the asset so no loss really and also keeping
50% cash reserves in case asset price drops even lower u buying more.

And thats what every rich does it u do the same and results are best.

dezoel

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I don’t like the idea of taking loans to invest in cryptocurrency, because of the risks. Although I have seen stories of very few people who have been able to make profit from investing their loans in cryptocurrency and making huge money later on and paying back their loan and then starting up a better life. But at the same time, I have seen stories of many people that lost the money and one that even took his life because of that, there are many that lost the money than those that actually gained.

So, it’s quite a risk, and you should make some calculations first before taking such a risk. I don’t like this idea at all. It’s best to work hard and raise your own money and invest in crypto, loan is a very bad idea please. Don’t advise people to do such, thank you.

wxa7115

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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 you are an expert trader with many years of experience under your belt and you have obtained profits during all of those years then you may have a point.

But if you are a newbie or someone with a small amount of experience then this is a move that could bury your future, this idea is nothing new, we saw people making the same comments at the end of 2017 and for what I could gather most people lost all of their money and indebted themselves to the point they will need to spend at least a decade to pay those loans, so do not fall into the same trap no matter how tempting it may look as you do not have what it is necessary to make something like this work.

zeuner

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Quote from: Hydrogen on December 13, 2021, 08:24:51 AM

If inflation isn't brought under control, and continues to rise. Taking out a loan to finance investment could be a good strategy.

Makes some sense, but how to be sure it isn't brought under control throughout the whole venture?

amishmanish

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From straight-out-of-ass theories about Bitcoin and wall street to advice about borrowing to buy crypto, a bear market is surely the worst time to seek any kind of discussion anywhere.

Everyone is out of their depth waiting for the market as to where it will move, knowing that the big players will be long gone as and when something resembling a crash happens. This is unfortunately the reality of both Bitcoin as well as crypto because the market is still overly speculation, rather than product/ service based.

That does not changes anything about Bitcoin. It may lead to those notional losses when you no longer have the 100K in crypto portfolio on your tracker app. That is why, 1BTC is always 1BTC. If you are into crypto and pinning all hopes on fiat then you are doing it wrong. Those are the exact kind of people who will give you bad advice like the ones frequenting now.

Reid

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I am not recommending that kind of attack when it comes to investment. You should've saved the money while Bitcoin is still expensive rather than risking it with a loan then finding yourself in deep shit after it. We don't know what tomorrow will bring or the next month or year. But going too far as taking a loan and risking it will be a bad idea.
But, if there's someone you trust that could wait for a long time before being paid then so be it. Just don't go borrowing money in banks as I am sure they will be in your doorstep or your accounts once you cannot pay at the right time.

Sayeds56

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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

Investing by taking loans from Bank is a bit risky because Bitcoin is still very volatile despite huge buying by Institutions and mass adoption in my countries. If you are highly skilled in using Charts and understand Money and Risk management then your make use of this volatility to generate profit otherwise avoid loan based investment.

Leviathan.007

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I will never suggest anyone invest in crypto or any other market using the money they get from loans because none can be sure about the profit or loss and there is the same situation for all markets, none can guarantee anything. But on the other hand usually, whenever the inflation rate is increasing and the money is becoming worthless this is profitable to take a loan today and pay back the money a few months or years later. That's like you take a 100K loan today and your money is worth 100K but two years later you will pay back the 100K but this is worths much less than the money you got, however, that's always recommended to use your money to invest not the money you get from the loans.

Pejoh Asu

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To change our lives, of course, we must dare to take risks, even though investing in cryptocurrencies is high risk but I dare to borrow, if we are still in doubt about the market performance that continues to fall then the easiest way is to buy top coins and then we use them for staking, at Pancakeswap we can get APR up to 75% and staking is safer than daily trading or investing.

EdenHazard

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Quote from: im posible on December 13, 2021, 06:20:51 AM

Please don't do that, invest with money that is 100% safe not from loans or liquidation of valuable assets. Investing is a risky act both financially and mental health, keep it safe by choosing investment money that is truly safe.

Yes let's do that.

Quote from: raidarksword on December 13, 2021, 06:52:00 AM

It's not a good idea to lend money from bank or friends just to invest on crypto, even with the market conditions right now it is still risky to do that. Only invest what you have or any extra money will do, even small amount is still a good venture. Just invest what you can afford to lose buddy and don't lend money.

If you say so, but for me it's not bad idea at all.
as long as you can hold your breath long enough when there is a huge correction like down to 80% or so and some strong believe in crypto to hold it for a couple years.
not in the short term which could lead you into another problem paying that loaned money.

Quote from: Nahl on December 13, 2021, 07:59:15 AM

Don't loan money to invest at crypto it a bad decision because uncertain situations on crypto cannot ensure people will always get profit from it moreover seems we still facing bearish moments without know when it's over and a friend of mine already proof it that he was loan money from bank with his land and house certificate as a collateral and he cannot pay his debts because his crypto asset value was decrease more than 50% from his initial money

Just do the loan if you want a great great challenge living a life and have got a real big plan in crypto though Grin

Topic: Maybe good time to loan money to invest in crypto - page 6. (Read 710 times)