Newbies take my advice - page 7. | Bitcointalksearch.org

TastyChillySauce00

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Quote from: Lantind on June 13, 2020, 03:59:09 AM

Quote from: TanakabZX on June 13, 2020, 03:32:36 AM

Risk management is very important in crypto space, if you haven't got one its better to plan one up, you will easily recover if you have a risk management planned, the most important thing is never invest what you can't afford to lose

Yes, and risk management is often done by people who are professionals and who already have a lot of experience in terms of investment, even though this is very well done by everyone including newbies in investment.

The newbies will always be following the trend and they didn't know what to do to decrease their risk to use the loan to trade or invest in altcoin. This is the worst idea to be done by newbies.

They must think a lot of disadvantage by using the loans to invest in crypto.

Winscosinally

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This is online business we are talking about, getting loans for online business or investment sounds like suicide, if it's offline or real world business it's still better but online you can easily end up losing it all, paying for your debt will never be easy, it will take lot of time to recover

bluebit25

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Quote from: Lantind on June 13, 2020, 03:59:09 AM

Quote from: TanakabZX on June 13, 2020, 03:32:36 AM

Risk management is very important in crypto space, if you haven't got one its better to plan one up, you will easily recover if you have a risk management planned, the most important thing is never invest what you can't afford to lose

Yes, and risk management is often done by people who are professionals and who already have a lot of experience in terms of investment, even though this is very well done by everyone including newbies in investment.

For those who are new to this market, I believe that they will not have too much knowledge and cannot manage capital and risk intelligently. They need to go through a few failures and losses, after which they will learn how to survive in this market when investing.

Lantind

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Quote from: TanakabZX on June 13, 2020, 03:32:36 AM

Risk management is very important in crypto space, if you haven't got one its better to plan one up, you will easily recover if you have a risk management planned, the most important thing is never invest what you can't afford to lose

Yes, and risk management is often done by people who are professionals and who already have a lot of experience in terms of investment, even though this is very well done by everyone including newbies in investment.

CashbackLover

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I don't like borrowing money to invest in a business or on coins, maybe it's just me because I feel like I'm not programmed to take such risks, whenever I borrowed money to do something it will end up a failure, it's like my destiny hate such thing, taking risk with my hard earned money pays me better

TanakabZX

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Risk management is very important in crypto space, if you haven't got one its better to plan one up, you will easily recover if you have a risk management planned, the most important thing is never invest what you can't afford to lose

Saisher

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Quote from: Sourhearrt on June 11, 2020, 02:36:47 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.

The first lesson people here needs to learn is investing only what you can afford to lose, because Cryptocurrency market is highly volatile, you never know the next thing that's going to happen, you could be waking up to find out all your investment are gone, so if you are going to make a loan just to invest, this is going to be a big trouble for you.

FireBallex

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Using loans in crypto space is not suited for newbies because there will be frustrations once you lose that money, even pro crypto traders lose money in futures trading or margin trading, newbies need to be very careful, it's easy to throw away money on here than real life

TheGreatPython

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Lol I can’t imagine that kind of frustration Cheesy

. Not having money, and then you decide to take loan and the next thing, boom!
You have lost the money and you’re there crying over your loss and you having to pay back the loan you took. That must be really frustrating and it’s something I never want to get myself into.

Something I would like to mention is this: there are newbies who has their senses stuck in the fact that there is plenty money that can be made in cryptocurrency. They forget about the risk and focus only on the profit they might make, but still end up losing their money. Take a break and then sit and think for a while how and what needed to get yourself better so that you may not have any more confusion and frustration. I guess, when you take a break then you launch yourself toward betterment. Just try

.

rajakulam

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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.

coiner-88

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Take advice or take legal advice, you ask a lawyer for his or her professional opinion on a situation. We are taking advice on legal steps to recover the money. The word advise is used as a verb. It means to offer an opinion or suggestion, or formally provide information.

litepool.ru

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Quote from: Sourhearrt on June 11, 2020, 02:36:47 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.

Just invest with our idle money. If we borrow money to invest, we will surely face a lot of trouble and pressure from it. And like you said, if the market collapses like 2018, I believe they will become debtors and their lives will be stuck.

aioc

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Quote from: Sourhearrt on June 11, 2020, 02:36:47 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.

This is the first thing that people should learn and that is to invest what they can afford to lose, do not be tempted with FOMO because this is a trap for people who do not do proper research on how to properly invest, the year 2017 and 2018 is a big lesson for all of us here to be more educated and responsible when investing.

asriloni

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Quote from: Farma on June 11, 2020, 11:28:59 AM

Borrowing money is also not so easy on the internet, you need to give more than just an identity to borrow it. however, so far, I have avoided as much as possible such things. the risk is too great if my calculations are not what I think. even more so if I use the money for investment or trading.

This to prevent people from selling their house to speculate in the cryptocurrency. It's not always borrowing from the trusted party in crypto but some people may able to sell their house for this. I think this awareness thread to prevent it

Kasabus

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Quote from: TopT3ns on June 11, 2020, 05:45:58 PM

Quote from: Pomogator on June 11, 2020, 04:36:26 PM

Really good thread. I think that now no one is borrowing for investment. In 2017, it was a big hype because of which everyone did stupid things. I heard a story about how a man sold an apartment for the sake of cryptocurrency, terribe. I remembered the previous hype on the crypt

In 2017, the name of cryptocurrency is rising and is very popular because the price of cryptocurrency is soaring, including the price of bitcoin that can reach its highest price in 2017, but after that the price of bitcoin collapsed and cannot rise again so from this case cryptocurrency cannot be predicted how the price moves.

Investing in crypto market nowadays is very risky itself so how much more if you take chances to borrow money just to invest? It would be more risky i think. You can take some loans only if you have other sources of income that can pay for it but if you only depend your payment from the profits you will make from crypto investment, then that would bring you a big disaster. There's no guaranteed profit here so better invest what you can afford to lose.

Emilyearl

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APESWAP

Even for everyone, it is not advisable to take loans for trading, or stake any of your valuables in exchange for trading funds, you can lose this fund at any point in time due the volatility that is found in the market daily. borrowing from the 2017 experience of high price and 2018-2019 price dump events, one will understand they can only invest funds they are ready to lose in cryptocurrency.

JaoBadjap

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Trade or Invest the money you can risk of losing.
Never borrow money you cant afford to pay.
and learn everything and research when you are going to engage in trading or investing.
know the risk and know your gains and losses

oscarftw

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Quote from: Sourhearrt on June 11, 2020, 02:36:47 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.

What I believe by putting pressure on your head, you can get profits from trading. This advice is very good for those who have interest in doing trade by taking loans. Loan investment is very risky. You are taking a loan because you don't liquidity pool or liquid money. Without confirming the next bullrun, every loan has the highest risk.

Shasha80

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I agree that investing in altcoins with loan money is very dangerous, I say this based on my experience in 2017. Like most people I FOMO
in 2017, which is almost all altcoins reach the price of all time high at that time. I made the mistake of buying the price at the peak, until
now my assets have lost 50%. Which is where I use bank loan money as capital, you can imagine until now I was frustrated thinking about
the installments that I had to pay. Don't follow mistakes I have done, stay away from using money loans as investment capital. Because
market altcoins are very volatile.

TopT3ns

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Quote from: Pomogator on June 11, 2020, 04:36:26 PM

Really good thread. I think that now no one is borrowing for investment. In 2017, it was a big hype because of which everyone did stupid things. I heard a story about how a man sold an apartment for the sake of cryptocurrency, terribe. I remembered the previous hype on the crypt

In 2017, the name of cryptocurrency is rising and is very popular because the price of cryptocurrency is soaring, including the price of bitcoin that can reach its highest price in 2017, but after that the price of bitcoin collapsed and cannot rise again so from this case cryptocurrency cannot be predicted how the price moves.

Topic: Newbies take my advice - page 7. (Read 1802 times)