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Topic: Newbies take my advice - page 5. (Read 1802 times)

member
Activity: 464
Merit: 10
June 19, 2020, 02:10:46 AM
We should use affordable money but should be careful and think about this money only you have left.
that's right , if we thinking this is the last money we had i am sure we will use it carefully. doing alot research and analisys when take decision in which project we will invest.

]Unfortunately many newbies are only interested in large and instant profits, without thinking about the disadvantages. That is why they are confident in applying for loans. Even though the risk is very big. If applying for a loan, it should be used to open a business that is less risky, which can be taken into account when the return on capital and the income used to repay the loan. While it is very difficult to apply with crypto, if you only rely on luck it is very fatal.
tempted by instant profits in near time will make traders or investors thinking careless. no one can guarantee our investment will get profits, this market really contain high risk and this is the first thing that we have to add it in first priority.
full member
Activity: 588
Merit: 101
June 18, 2020, 06:48:30 PM
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
Unfortunately many newbies are only interested in large and instant profits, without thinking about the disadvantages. That is why they are confident in applying for loans. Even though the risk is very big. If applying for a loan, it should be used to open a business that is less risky, which can be taken into account when the return on capital and the income used to repay the loan. While it is very difficult to apply with crypto, if you only rely on luck it is very fatal.
full member
Activity: 399
Merit: 100
June 18, 2020, 04:42:35 PM
Fear of missing out is what pushed many into loan for crypto and sooner they get burnt, FOMO is very bad, I was caught in the trap myself which makes me lost some money that I haven't recover till this day, when it comes to crypto its better to use some affordable money to take risks
True, when it comes to crypto it is better to use an affordable amount of money to take risks, because basically everyone does not want to experience losing money in crypto, so don't be too greedy when using money for crypto, because when loss will feel very frustrating.
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.
full member
Activity: 826
Merit: 100
June 16, 2020, 01:56:55 AM
Fear of missing out is what pushed many into loan for crypto and sooner they get burnt, FOMO is very bad, I was caught in the trap myself which makes me lost some money that I haven't recover till this day, when it comes to crypto its better to use some affordable money to take risks
True, when it comes to crypto it is better to use an affordable amount of money to take risks, because basically everyone does not want to experience losing money in crypto, so don't be too greedy when using money for crypto, because when loss will feel very frustrating.
sr. member
Activity: 1022
Merit: 257
June 16, 2020, 01:49:37 AM
I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move
It's business and that will be very different with what we have been talking about in here. Online business have more chance to make the owner to loss all of his resources instantly especially when it comes to the volatile market that everything is unpredictable
It is true, having a loan and uses it on a business is really different from having a loan to invest. The risk is very high without knowing when and if the investment will be profitable over time. Unlike in business, you are the one who controls the business on how you will market it and make a profit.
full member
Activity: 504
Merit: 100
Option Blitz
June 16, 2020, 01:08:51 AM
I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move
It's business and that will be very different with what we have been talking about in here. Online business have more chance to make the owner to loss all of his resources instantly especially when it comes to the volatile market that everything is unpredictable
Agree! However, the more risks, the more profits! If you want to earn a lot of profit without a high level of risk, it's impossible! Being in this cryptocurrency market requires us to have certain and fundamental knowledge and skills in order to not being burnt out by "fool" decisions.
member
Activity: 252
Merit: 15
Sovryn - Brings DeFi to Bitcoin
June 16, 2020, 12:56:26 AM
Fear of missing out is what pushed many into loan for crypto and sooner they get burnt, FOMO is very bad, I was caught in the trap myself which makes me lost some money that I haven't recover till this day, when it comes to crypto its better to use some affordable money to take risks
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
June 15, 2020, 09:29:09 PM
I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move
It's business and that will be very different with what we have been talking about in here. Online business have more chance to make the owner to loss all of his resources instantly especially when it comes to the volatile market that everything is unpredictable
newbie
Activity: 2
Merit: 0
June 15, 2020, 06:44:04 PM

1. Use your surplus to buy one of the top 10 Coin and keep it long time
2. If you do not have the knowledge, invest regularly even when Coin prices rise or fall
For example: Buy 100 $ Bitcoin per week, then even from the period of Bitcoin with the highest price of 20K $ until now you still have profit. And keep it for a few years, not sell it
3. Accumulate daily knowledge and learn from old people in this market to be a smart investor yourself
sr. member
Activity: 924
Merit: 256
June 15, 2020, 06:34:54 PM
I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move
The operator did not say that loan is outrightly bad, but that getting a loan to trade as a newbie can make you wallow in more debt. It is an advise that is rare and I think not just newbies, but that everyone should yield to. The fact is that there isn't any business without its risk, however, crypto can come with higher risk. Just as much as it can give you profit, it can also make you lose.
I think when trading it is better not to use borrowed money, or trading using the money that is needed because I know cryptocurrency trading cannot be predicted how the price moves so it is difficult to predict volatile price fluctuations, so no one can provide guarantees profit.
member
Activity: 798
Merit: 38
June 15, 2020, 06:06:56 PM
I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move
The operator did not say that loan is outrightly bad, but that getting a loan to trade as a newbie can make you wallow in more debt. It is an advise that is rare and I think not just newbies, but that everyone should yield to. The fact is that there isn't any business without its risk, however, crypto can come with higher risk. Just as much as it can give you profit, it can also make you lose.
member
Activity: 238
Merit: 10
June 15, 2020, 03:27:12 PM
I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move
sr. member
Activity: 1820
Merit: 436
June 14, 2020, 09:48:41 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.

Sincerely I stand with you, anyone taking such steps to borrow is only killing himself, even those who  are investing more than they have are feeling the heat let alone someone who borrows. The simple way to do things, especially when it comes to investing is to stick to how much your account can bear without it affecting your personal life. The volatility of the crypto space is too much for someone to lack the right approach to investing. Lastly, I also have the mindset that it is not only for newbies but for everyone, because there are people who are still moved by hype.

Maybe without enough experience in the field, a lot of newbies need to play safe and maybe do a lot of research first before going for investment even if it's, not a loan.

Getting a loan is not a bad thing but you should know the risk of getting a loan or borrowing money for trading if you borrow BTC in the coming years or months the market value of the BTC you borrow could also increase its value over time or if your lucky its might do down.

If you have the money you could do a loan and still have the funds if you need it. But at all time the best thing to do is to risk your own money not a loan because it might be disastrous.

copper member
Activity: 966
Merit: 5
June 14, 2020, 09:21:11 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.

Sincerely I stand with you, anyone taking such steps to borrow is only killing himself, even those who  are investing more than they have are feeling the heat let alone someone who borrows. The simple way to do things, especially when it comes to investing is to stick to how much your account can bear without it affecting your personal life. The volatility of the crypto space is too much for someone to lack the right approach to investing. Lastly, I also have the mindset that it is not only for newbies but for everyone, because there are people who are still moved by hype.
sr. member
Activity: 1988
Merit: 453
June 14, 2020, 08:48:08 AM
I would agree with the OP 100%. Taking out a loan to invest in an altcoin is pure lunacy. You will be under tremendous pressure to pay back the loan. And in case the price of the coin goes down, then you may be forced to sell them at a loss. If you are investing your own money, then you can afford to wait for a few years until the exchange rates recover.
hero member
Activity: 812
Merit: 512
June 14, 2020, 08:40:46 AM
To be able to make a profit in this market, you need to have a stable mentality and not be under pressure on profits and invested capital. This market is risky and you can lose money at any time, and when you are at a loss you will lose your temper and make the next bad decisions. So invest with your idle money, don't borrow anyone
full member
Activity: 1274
Merit: 100
June 14, 2020, 02:42:27 AM
This is good advice and I want to add one more advice that never trades in this panic condition if you are a newbie as you will lose all your precious money. If you want to trade then split your money in two-part purchase Stablecoin with 50% and from remaining start trade if the coin price go up you will get profit if the coin go down you will lose but not all your money.
sr. member
Activity: 1428
Merit: 251
June 13, 2020, 07:49:32 PM
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.

Investing should use our idle money because any type of investment is clearly risky. Borrowing money from banks to speculate in the cryptocurrency market has a high risk and should be avoided so that we do not get into trouble in the future. There are many ways to get altcoin and one way is to follow a bounty campaign if we don't have enough money to invest
full member
Activity: 496
Merit: 100
June 13, 2020, 06:51:02 PM
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.
We crypto investment is a very risky investment. We know that everything has some good effects during perfect timing. Any borrow loan could be good, at the time next year's 3rd quarter. New people shouldn't do it because they don't have any experience with it. By any mistake, if you buy any scam coins, then you will lose everything, don't borrow any money which you can't afford to lose.
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
June 13, 2020, 06:26:20 PM
everything requires experience, including in cryptocurrency trading, therefore, if we are new to the crypto world, we must seek experience with small capital investment first and if we are good at analyzing crypto market movements then we can invest large amounts, so don't try to find a loan if you don't know anything about trading.
It is just a huge risky for newbies to make such a thing while investing. It is so important to make with small amount of investing if you are new here. That is why no doubt knowledge and experiences play a more important role than any amount in this world. Step by step we have to learn it so slowly, on the other hand, to do it with borrowing money it is absolutely untrue, at the end you can hate this world and you will give only this money back.
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