Maybe good time to loan money to invest in crypto - page 7.

Mauser

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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

I would advise against loaning money to invest it in cryptos. First of all where would we get money and at which interest rate? A bank will probably not give away money for investing. This would leave us asking friends and family for money which is usually not a good idea. Don't get me wrong, I am pro bitcoins and I also believe we will see a BTC price above 100,000 USD. The only problem is that we don't know when this is going to happen. It could take 2 month or 2 years for BTC to rise so high. Until then we could be forced to sell before to repay the loan.

boyptc

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Quote from: Voxo2222 on December 12, 2021, 06:36:24 PM

Quote from: boyptc on December 12, 2021, 04:49:59 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

Please don't.

Don't loan money that you'll use for investing in bitcoin. Yeah, we say buy bitcoin and hold. But it's not ideal that the money you're going to invest for buying bitcoin came from a loan.

It's a very volatile asset that you don't know if after buying, you'll get to see the part of its pump. Worse is that you just bought it and then the plummet comes and stays for quite a long time. How will you pay your loan if the current situation for you is you're on the loss.

Just don't.

Yes but right now i know atleast 3 guys who will going to take loans to buy btc.

Good luck to them.

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.

Coin_trader

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Quote from: Voxo2222 on December 13, 2021, 08:29:05 AM

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

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

Maybe now its a good time to invest
And borrow money.

Rising inflation is said to make loan fixed rate loan payments more affordable.

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

For US markets, there are several different policies the federal reserve could employ. One policy they might adopt is shrinking the money supply. In theory, I suppose it could reduce inflation. It might also make credit and loans more unobtainable. There is a big question of which financial strategies are best for current market conditions. Borrowing money to invest could definitely be worthwhile.

Finally some smart comment !!
Clearly i see you got some right economics and financial knowledge.

This is correct if you invest on the right crypto currency. But if your luck is bad and invest while the sell off occur, Imagine how much loss you can get on investing on crypto compared to the possible implications of inflation. You just want to find a positive comment to support your investment decision in crypto. As many said above, Crypto volatility is worst as you can see on its price history. Taking a loan just to invest on a volatile asset is a huge gambling. But still a high risk high reward since you can get big time once you successfully ride a crypto pump wave.

Voxo2222

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

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

Maybe now its a good time to invest
And borrow money.

Rising inflation is said to make loan fixed rate loan payments more affordable.

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

For US markets, there are several different policies the federal reserve could employ. One policy they might adopt is shrinking the money supply. In theory, I suppose it could reduce inflation. It might also make credit and loans more unobtainable. There is a big question of which financial strategies are best for current market conditions. Borrowing money to invest could definitely be worthwhile.

Finally some smart comment !!
Clearly i see you got some right economics and financial knowledge.

Hydrogen

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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.

Rising inflation is said to make loan fixed rate, loan payments more affordable.

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

For US markets, there are several different policies the federal reserve could employ. One policy they might adopt is shrinking the money supply. In theory, I suppose it could reduce inflation. It might also make credit and loans more unobtainable. There is a big question of which financial strategies are best for current market conditions. How can people protect their wealth and use inflation to their best advantage? Borrowing money to invest could definitely be worthwhile.

awik p

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Pepemo.vip

it will be very risky for those who borrow money to invest in cryptocurrencies, they seem to impose their will and want to get a lot of money by investing in large amounts. the question is whether you have taken into account the risk, and whether you already have sufficient knowledge in the world of cryptocurrencies, don't end up declaring cryptocurrency a fraud

Nahl

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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

raidarksword

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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.

im posible

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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.

BlackHatCoiner

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Farewell, Leo

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

Maybe now its a good time to invest

Maybe, who knows.

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

And borrow money.

This doesn't sound a good idea.

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

Btc goes 120,000$ if you buy now you make like over 60,000$ profit.

How do you know? How can you be so sure that the price will reach $120,000? And within what time period? I can speculate that it'll reach $120,000 within the next 5 years, but that's just my guess.

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

Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it.

Lots of buzzwords if you want my opinion.

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

Next year as we all know ATH

“I know that I know nothing.” — Socrates.

lightning0

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Borrowing money to invest in buying currency is risky. The price of currency in the crypto market is unpredictable, and there is no guarantee that it will always be profitable. When the price drops, it will suffer more economic losses.

xSkylarx

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Quote from: WikiCrypto on December 13, 2021, 01:59:10 AM

And remember life doesn't always go according to plan. there must always be thorough preparation for the worst. what's more about the loan if you can't pay the bills, there are many consequences that must be faced. from paying fines or even getting into court. think carefully.

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.

laredo7mm

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it's a very bad idea of making an investment in crypto by taking a loan. The Crypto market is very volatile and you could lose all of your money overnight. So be careful before taking such an activity.

How do you know for sure BTC will go to 120k soon? The bull rally could be over and we could see the market moving sideways for 3 more years. Anything can happen in crypto. This market is very uncertain so do not be overconfident by seeing a podcast about the next rally of BTC. We should have positive sentiments about investment and at the same time, we should be prepared for the worst mentally.

WikiCrypto

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And remember life doesn't always go according to plan. there must always be thorough preparation for the worst. what's more about the loan if you can't pay the bills, there are many consequences that must be faced. from paying fines or even getting into court. think carefully.

lovesmayfamilis

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✿♥‿♥✿

I see calls on social media to buy bitcoin. And I also see complaints from people who are provoked by scammers to buy cryptocurrency, referring to the fact that there is still a chance. Naive people run for loans, hoping for future profits. But these are the people who have only heard about the growth of bitcoin, relying on the fact that it is constantly growing.
In any case, information literacy and vice versa, illiteracy plays an important role in people's lives. Those who are little educated in the field of cryptocurrencies make mistakes much more often. It is a pity that people first do, and only then think about what they have done.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Voxo2222 on December 12, 2021, 06:36:24 PM

Yes but right now i know atleast 3 guys who will going to take loans to buy btc.

Sure they can take loans.

But the point still remains same, in a market where there is speculation involved, taking loans is step that only increases the risk. While professional traders often do take loans, they have come far with their knowledge and experience to be able to bet on themselves that they will win. This is not applicable to every trader out there.

Traders should work on mitigating risk and the mistake that some traders do and get washed away is by increasing their risks.

Instead, use your own money to buy bitcoin. If you are low in that, then one needs to learn how to save and spend diligently.

Some people have the habit of taking loans, which is fueled by the easy availability and access to lending platforms. This practice should be shunned.

Poker Player

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Of course, now I'm going to listen to someone who doesn't even know the difference between "borrow" and "loan". Great idea, OP, borrowing money to play roulette, which is what you're describing.

There are cases where it may be financially smart to use some leverage to invest, but it's certainly not how you're describing it.

pinggoki

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Not really a good idea to borrow or loan money but yes it's a good time to buy crypto but loaning won't be a good thing because you're not going to enjoy the profits of your investment as you're going to pay your loans and if you're unlucky, dumb and desperate at the time of borrowing, you're going to pay exorbitant interest if any.

adaseb

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Do not ever borrow money to invest. Or trade on leverage. It’s a recipe for disaster. And who knows if those meta coins and Bitcoin will ever moon again. You want to get stuck with a bad investment that you are paying interest on?

This is the real reason why back in late 2017 credit card companies started to decline payments to Bitcoin exchanges. Because there was too many people buying Bitcoin on credit and they were worried they would default on the bills.

lienfaye

hero member

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Buy crypto?
Yes this is a good time because most coins are declining, its an opportunity to take advantage specially if your goal is to hold for long period.

Take loan to buy crypto?
Definitely not advisable. Dont buy using a borrowed money. You dont know whats going to happen with your investment, there's no guarantee you'll gain because it has risk. What if the outcome didnt go according to your plan? Its a double kill, you lose the money plus you still have to pay the loan.

So think before you invest. Fill your mind with information and use your own money (the money you can live without) as capital. Any amount will do because its better to start from scratch rather than beeing greedy to invest but not thinking of the worst case scenario when you take a loan then lost it.

Topic: Maybe good time to loan money to invest in crypto - page 7. (Read 710 times)