Should you take loan(s) to invest in crypto?

carlisle1

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Quote from: bitzizzix on September 27, 2021, 09:43:35 AM

What we should know is that investing in cryptocurrencies is high risk, and even with our own capital, we have to think about the risks we will face, let alone do so with a loan.
Making a loan is not the best way and even if you do, you must really have the ability and a good plan and also the trust to get the benefits and pay off the loan according to the agreement.
I personally do not recommend that you borrow to invest in crypto, and my advice is better to sacrifice something of value to sell and for investment capital and if everything is beyond your expectations, you have no burden to replace your loan.
and I think there must be many who do things like that and if the results are profitable you can buy back what you have sacrificed and enjoy the benefits as you like.

I agree with your point about how you should handled this business, taking loan is not recommended due to high volatility nature of crypto.

Unless you really have established skills that you can use to work with lesser risk, there are people who dedicated their time to understand the deeper side of this industry, they are capable of anticipating the next run and most of the time they managed to earn decently.

Though still not an assurance but with such knowledge the chance to repay your loan is possible if you have sets of skills and good money managements.

MonaLeeTracy

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Quote from: Maestro75 on September 26, 2021, 03:34:08 PM

Quote from: Levero on September 26, 2021, 02:51:57 AM

The volatility and risk of the crypto market are great.

Trade and invest within the range of funds you can afford. Don't loan funds to trade. This is a very risky behavior and may eventually lead to unbearable economic losses.

What about those who do not have any funds but feel they can trade. How then will they try their luck if it is not to get a loan?

With limited fund, investor can still make their fortune in cryptocurrency, the important thing is that they know how to invest properly. Investors should focus on their goal and capabilities financially, to develop self-confidence, they can make a small investment first in a coin that is guaranteed and has good performance in the crypto market. When entering the crypto market investor should be optimistic, Never give up and not afraid to take risks. Investors who have limited funds must instill a mindset Don't wait to be established to invest, but invest to become established).

bitzizzix

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What we should know is that investing in cryptocurrencies is high risk, and even with our own capital, we have to think about the risks we will face, let alone do so with a loan.
Making a loan is not the best way and even if you do, you must really have the ability and a good plan and also the trust to get the benefits and pay off the loan according to the agreement.
I personally do not recommend that you borrow to invest in crypto, and my advice is better to sacrifice something of value to sell and for investment capital and if everything is beyond your expectations, you have no burden to replace your loan.
and I think there must be many who do things like that and if the results are profitable you can buy back what you have sacrificed and enjoy the benefits as you like.

RIPMABA

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Obviously this should not be done. Cryptocurrency is a risky investment, while loans increase risk on the basis of risk. Due to the instability of the market, you may have to sell to repay the loan when the currency price drops. I prefer to invest in cryptocurrency with money that will not affect my life.

deathcode

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Quote from: CaptainCrapper on September 27, 2021, 08:31:51 AM

Quote from: bittreo on December 17, 2020, 12:39:10 PM

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Hare is no chance overnight rich man so I don't think any loans money should invest hare. always invest risk-free money and I feel better to invest which money no need a month or year. so at last I don't support it invest in crypto loans money.

because it is indeed a stupid act if it is burdensome to do. maybe someone has had an experience like this. because of a desire that does have full confidence to gain profit.
but still, it's very risky. because no one knows when the investment made will pay off.
this is something that many people in the crypto market would have a hard time thinking about.

CaptainCrapper

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Hare is no chance overnight rich man so I don't think any loans money should invest hare. always invest risk-free money and I feel better to invest which money no need a month or year. so at last I don't support it invest in crypto loans money.

cimoin2211

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Never even if you know the risk just never because anything can happen with crypto, taking loan from other's and invest in crypto like a shame from my point of view because I can't take risk on someone money so it doesn't make sense if you really want to invest then invest that money what you can afford to lose.

Hobo66

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In my opinion, taking loan to invest in crypto is really dangerous. There is no evidence of gaining and making profit in trading. The other thing is that if you take a loan to make an investment, then you should have to return that loan. But if you lose that loan then from where you will return that loan and how will you manage your daily requirements. So taking loan is not a good thing.

Chato1977

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Never think about that mate , just Invest your own funds so at least there is no obligation to face once the investment fails.

We have seen in the past some troubled account here because of their wrong decisions in life here in crypto so best to prevent from being one.

robelneo

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I was actually thinking of that on Binance I saw its huge potential in the market when it was starting out so many people are promoting it and I don't have many funds to invest and the only way is to take a loan and make my motorcycle as the collateral, I back out on the last minute but manage to get a fund by selling some of my coins and I got it all back with profit, it's risky to take a loan you have to be 100% sure of what you're going to do and you are willing to lose if ever, I have that mindset so I proceed, but I don't recommend taking a loan if the project is not as good as Binance or similar.

bitterguy28

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

If you literally has other option to make or settle the payments about your loan(In case that investment fails in crypto) then why not right? actually those people that took loan to invest in crypto are those people that has something to expect for paying the loan.

Like me i once borrowed money from my brother to Buy more altcoin but that happened in before December so at least when my December Bonus arrived i have a sure funds to pay him.

junmisakiro

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I personally don't want to invest in crypto with borrowed money because I realize this will pose a big risk, crypto prices are very volatile so we can't predict for sure where the market will move next, imagine if after buying one of the coins using borrowed money it suddenly the price of the coin fell very deep then it would certainly make us experience a double loss.

kodtycoon

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Quote from: Aurorra on September 27, 2021, 02:58:11 AM

Loan investment will increase investment risk. It is unlikely that all investments will be profitable. When the price drops, it means that the invested capital will be lost and the loan interest will be paid. Loan investment will bring more economic losses and risks.

After all, why invest through borrowed money? I think it's a very bad thing to do because considering the risk is greater through the burden that must be borne by the borrower of money, because whatever the story the borrower must continue to pay according to the original rules

Aurorra

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Loan investment will increase investment risk. It is unlikely that all investments will be profitable. When the price drops, it means that the invested capital will be lost and the loan interest will be paid. Loan investment will bring more economic losses and risks.

Sayeds56

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I think taking loan and investing in crypto is highly risky because its very volatile market compared to stocks and commodities markets unless you are well experienced Trader and have developed good skills of Technical and Risk/Money management as well as understand Fundamentals of crypto market. Margin and future trading is also based on trading by borrowing money frpm exchange and pay daily commission on it and what I have learned that hardly 5% traders are winners in margin/Future trading and rests are losers.

kingangel

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Investing alone is too risky, but if you like to play the game, you can always do.

Borrowing in the bank if they can give you at a maximum of 1% interest per month, I think you'll be able to become profitable if year is bullish for bitcoin.
We can use last year as an example, the price of bitcoin last Jan. 2020 was around $8k, and it's price on December 31 hit at $28k.. that means you make over 200% in profit by just holding while you only have to pay 12% interest of your money in one year.

mulia sabee

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Never should have done to take a loan just to invest in crypto. Others I think are selling their house, cars and other asset just to invest in crypto. Probably one can earn only if they invest the right crypto like bitcoin and ETH. These two crypto are reliable and are always congruent to each other during the bullish trends of crypto market. But the best crypto to invest would.be bitcoin and that should an investor to invest after selling the car or house.

gwdf1

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I think that it is the worst idea to take a loan to invest in crypto or in any other market. You had better start saving money or take a habit of investing about 10-20% of your salary every month, this way will be safer for you. Personally I am an ardent opponent of loans. I have never taken them, as this way you get dependent and you are to give money away every month.

finaleshot2016

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Quote from: bittreo on December 17, 2020, 12:39:10 PM

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

This is a completely ridiculous decision, in my opinion.

I mean, it sometimes works, but most of the time it doesn't since earnings aren't assured and a single error can cost you a lot of money. It's not a practical move because payment is still pending, and there are times when the market growth of the currency you've invested takes a long time. It's pretty hard to invest something while there's a pressure, it will result into unwise decisions.

livingfree

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Quote from: AhmadM on September 25, 2021, 03:59:19 PM

Quote from: livingfree on September 25, 2021, 10:38:09 AM

Someone who invests in crypto and using not his own money, he's just making himself into trouble. Investing in crypto is profitable but it takes time and is a wise choice.

Couldn't agree more, invest in crypto with borrowed funds is something like people tries to dig their own grave. Nothing good would come from it, they merely invite troubles to fulfill their life. Crypto market so fluctuates, theres no guarantee that the ROI would be satisfying later.

Not sometimes but most of the time.

The ROI might take time and you'll have to pay for the interest too if you kept on losing.

Quote from: AhmadM on September 25, 2021, 03:59:19 PM

Quote from: livingfree on September 25, 2021, 10:38:09 AM

Not every borrower has that wise choice so they're likely to end up in debt and losses.

Highly likely those people who did it are newcomers who followed the hype and FOMOed by social medias influencers.

I think it's for everyone and not only the new investors are doing it but also those that have confidence in themselves because they're experienced. So they all end up trusting their confidence and do it.

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