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Topic: Newbies take my advice - page 4. (Read 1811 times)

member
Activity: 821
Merit: 20
SOL.BIOKRIPT.COM
June 19, 2020, 01:16:43 PM
Never accept loan and then invest in crypto, here is your own risky. Although if you're getting loss in your invest then how you recover loan? I want recommend everyone new crypto user. Don't sales your personal life assets, don't take loan in bank otherwise you can face big problem in your life.
full member
Activity: 1610
Merit: 102
June 19, 2020, 12:53:24 PM
Getting a loan or borrowing money to trade altcoins or invest, is not risky for newbies but also all traders. But it is riskier for newbies especially. An expert trader also makes a mistake by analyzing market trends and take a trade against the market trend. Again many times it is seen that even if the market analysis is correct, the market behaves somewhat retrograde and after a while, the market analysis continues to be correct. In this case, if you trade with borrowed money, the tendency to hold decreases, which results in a loss in trade. Also, the cryptocurrency market is a volatile market and very risky too. So to avoid losing everything by borrowing, I think it is better not to trade with borrowed money.
member
Activity: 564
Merit: 50
June 19, 2020, 12:30:08 PM
This is so amazing,thanks for this advice, it isn't just for newbies but for everyone who would want to save themselves from some troubles as much as the crypto market is profitable so also the risk involved is high, the crypto market is volatile so trade what you can bear to loose. Taking loan in this market is not very much supported also by me.

Both of us realise you have written your post just to meet minimum post required for your signature campaign.

The advice of not taking a loan for buying crypto is so obvious so I don't think person of your rank didn't know about it.
full member
Activity: 491
Merit: 100
June 19, 2020, 12:23:55 PM
This is so amazing,thanks for this advice, it isn't just for newbies but for everyone who would want to save themselves from some troubles as much as the crypto market is profitable so also the risk involved is high, the crypto market is volatile so trade what you can bear to loose. Taking loan in this market is not very much supported also by me.
full member
Activity: 1048
Merit: 101
June 19, 2020, 11:59:01 AM
Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations Huh

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

You are right.
I think investing in crypto is not like we sell at a store, every time someone comes to buy, then at that time also makes a profit.
Crypto investment is a long-term investment. Let's just say the money we spend on investment is a reserve for the future.
yes,but not just any when you want to invest in cryptoqurrency. there are many coins out there that are difficult to develop, do not have a good sale value, hype, abandoned by investors etc. if you want to invest then I recommend only investing with top coins, especially BTC, ETH, BNB and EOS. it's a good choice in my opinion.
sr. member
Activity: 1587
Merit: 271
Enterapp Pre-Sale Live
June 19, 2020, 11:25:18 AM
Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations Huh

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

You are right.
I think investing in crypto is not like we sell at a store, every time someone comes to buy, then at that time also makes a profit.
Crypto investment is a long-term investment. Let's just say the money we spend on investment is a reserve for the future.
member
Activity: 406
Merit: 14
June 19, 2020, 11:21:13 AM
Taking loan can change your life or put you in more troubles, I'm more familiar with taking loan to establish a real life business but not for crypto, taking loan for crypto is high risk plan and I'm so against it
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
June 19, 2020, 11:15:07 AM
You should not take a loan for any kind of trading online, you should invest as much as you can accept if you lose, it will not affect your personal life, otherwise if you lose in any way, he will be under various pressure, this is why I take a loan. Not in favor of trading.
I think that even after the loss of credit money any person can survive. if you invest credit money in some kind of stable asset, then you can make good money. you can take a loan and invest this money in USDT and then give the loans in USDT through specialized platforms at a higher percentage
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
June 19, 2020, 09:55:28 AM
You should not take a loan for any kind of trading online, you should invest as much as you can accept if you lose, it will not affect your personal life, otherwise if you lose in any way, he will be under various pressure, this is why I take a loan. Not in favor of trading.
that's the worst thing that can do by someone. I remember there was someone who has been selling his house to buy and invest in crypto but he was suffering a huge lose.
The same thing can be applied for the people who are using a loan to invest in crypto too.
full member
Activity: 824
Merit: 104
PredX - AI-Powered Prediction Market
June 19, 2020, 09:36:30 AM
We should use affordable money but should be careful and think about this money only you have left. You will think twice before investing in any campaign. Borrow money only can invest experts. Newbie shouldn't follow any big amount even which money you afford to lose. Fomo chart will never help you to get the right information.

It's better not to borrow money to make an investment, even in small amounts, because investing is a very risky thing, because if there is a loss in investment will be very sick and disappointed if someone makes an investment with borrowed money from someone else.
When using other people's money to invest, you will have to take a lot of pressure and it will make you lose in this market. So just investing with my own idle money is enough, I've seen many people borrow other people's money to invest and they never get a good result.
I have been in a similar situation. In 2018, I borrowed about $ 5000 from my relatives to invest in this market, but things were not as easy as I thought. Investments are continuously losing money and people often ask me about debt repayment, which puts me under a lot of pressure and it is impossible to stay awake to make a profit.
member
Activity: 558
Merit: 11
umachit.fund
June 19, 2020, 09:19:58 AM
You should not take a loan for any kind of trading online, you should invest as much as you can accept if you lose, it will not affect your personal life, otherwise if you lose in any way, he will be under various pressure, this is why I take a loan. Not in favor of trading.
sr. member
Activity: 685
Merit: 250
June 19, 2020, 07:21:04 AM
Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations Huh

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

In my own little way. I agreed that borrowing altcoins is not really advisable it will lead you only to Rekt.
It is still much better to trade in natural way. Because in borrowing there is a high risk involved in it.
So, if you don't want to loss your coins don't put in danger all your assets just because of borrowing only.
sr. member
Activity: 868
Merit: 333
June 19, 2020, 07:15:57 AM
When using other people's money to invest, you will have to take a lot of pressure and it will make you lose in this market. So just investing with my own idle money is enough, I've seen many people borrow other people's money to invest and they never get a good result.
Indirectly, we are not taught to owe or lend money for investment, because investment is a job full of risk, even experienced people have experienced losses in investments, so obviously in this case it's better to use your own money according to your ability that we have, because it's far better than debt.
It is true, there are so many difficulties we might face if we tried to borrow money for our own investment. That's why we were all told or reminded that we should only invest the amount of money we are afford to lose and borrowing should not be an option since this will be hard especially in a short period of time.
hero member
Activity: 2576
Merit: 579
June 19, 2020, 07:09:02 AM
When using other people's money to invest, you will have to take a lot of pressure and it will make you lose in this market. So just investing with my own idle money is enough, I've seen many people borrow other people's money to invest and they never get a good result.
Indirectly, we are not taught to owe or lend money for investment, because investment is a job full of risk, even experienced people have experienced losses in investments, so obviously in this case it's better to use your own money according to your ability that we have, because it's far better than debt.
full member
Activity: 826
Merit: 104
June 19, 2020, 06:39:50 AM
We should use affordable money but should be careful and think about this money only you have left. You will think twice before investing in any campaign. Borrow money only can invest experts. Newbie shouldn't follow any big amount even which money you afford to lose. Fomo chart will never help you to get the right information.

It's better not to borrow money to make an investment, even in small amounts, because investing is a very risky thing, because if there is a loss in investment will be very sick and disappointed if someone makes an investment with borrowed money from someone else.
When using other people's money to invest, you will have to take a lot of pressure and it will make you lose in this market. So just investing with my own idle money is enough, I've seen many people borrow other people's money to invest and they never get a good result.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
June 19, 2020, 06:36:26 AM
Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations Huh

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

Are you one of those?who had borrowed Money in invested to Altcoins thats why you are making this advice?i think it will be more approachable and truthful if this is based on your own experiences because i also have some friends who did this stupidity even i keep telling them not to to such because of very risky and may bring them to deeper credits and yeah it happens already.

But i believe this is indeed good advice since people here are always eager to profit but has no enough or bigger capital that's why sometimes they are being lured to make a load or credit and put here in which will turn into desaster.
member
Activity: 300
Merit: 11
FRX: Ferocious Alpha
June 19, 2020, 06:08:18 AM
To start with, I don't see reason why someone will go and take loan to invest in crypto. Even taking loan to invest in other physical business can be very dangerous not to mention crypto. It is definitely not wise to take loan because you want to invest in crypto.
member
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
June 19, 2020, 03:34:01 AM
I prefer taking risks with my own hard-earned money that going to get a loan to try out my luck, that's dangerous, everything about crypto investment is luck, you can't predict which project will be profitable
member
Activity: 1764
Merit: 10
June 19, 2020, 03:32:58 AM
It’s logical that it’s not worth investing money in cryptocurrency that you borrowed, because investing in cryptocurrency is a very risky business and it is not known how your investments may end up with, so you should always think many times before investing in cryptocurrency or in any other area.
sr. member
Activity: 2324
Merit: 263
June 19, 2020, 03:30:05 AM
We should use affordable money but should be careful and think about this money only you have left. You will think twice before investing in any campaign. Borrow money only can invest experts. Newbie shouldn't follow any big amount even which money you afford to lose. Fomo chart will never help you to get the right information.

It's better not to borrow money to make an investment, even in small amounts, because investing is a very risky thing, because if there is a loss in investment will be very sick and disappointed if someone makes an investment with borrowed money from someone else.
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