Topic: Should you take loan(s) to invest in crypto? - page 10. (Read 2093 times)
legendary
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Leading Crypto Sports Betting & Casino Platform
You can but I do not encourage you to take a loan for investing in the crypto market cause of its uncertainty and volatility. I don't think short term crypto investing is very profitable. Investing for the long term is profitable, but if you take a bank loan for the long term, they will take a lot of interest from you. You will get tired of paying interest. The best idea is to invest your monthly savings accounts money in the crypto market, it will not have much impact on your personal life and you can also benefit by holding long term.
I don't support to take loan.people usually take loan to invest in crypto and earn money from it, which isn't easy.crypto market is unstable and its really uncertain to make profit from it.just invest the amount that you can afford.if you take loan, then you will be in trouble anytime and you may need to spend so many years to return the loan! So be careful and think again before loan. I personal didn't take loan and don't suggest
Loan can be consider good things for them who already have expriance about crypto industry and expart on trading.even i took last loan many years ago and fortunately was able to make profit and successful to return the loan amount.although amount wasn't big.but i don't recommend loan for anyone.try to investment or trade with what you have.but if you really sure you can do profit, then a little loan could be taken.
If you have good understanding and you also do have resources to pay those loans then grabbing the opportunities is not bad. It's important to have
other sources of income in order to pay those loans and continue holding your assets inside crypto while waiting for the price to rise. Loans are for those
who really trust their knowledge and not for those who are just trying to gain quick profits just because of someone told them to invest.
You would really be in a big trouble if that thing happens.Its not bad to take up some loans for investment purposes but if this one is the main thing you rely or depend
on for you to repay back then its better not to take the risk because theres no assurance that this market will really be going on what you had anticipated.
Always put up some consideration on what would be the consequences when you do take a loan and wont able to repay it back.
In my entire life, I didn't really able to have this kind of consideration in mind specially with dealing with crypto.I would rather skip out on seeing those opportunities
rather than risking on things that you aren't sure that you can repay on.
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?
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 Try in the past borrowed money from the bank to build some rig to mining ethereum, in the end its not worth it. I lost a bit actually. Dont try to push your luck ok!
legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform
Loan can be consider good things for them who already have expriance about crypto industry and expart on trading.even i took last loan many years ago and fortunately was able to make profit and successful to return the loan amount.although amount wasn't big.but i don't recommend loan for anyone.try to investment or trade with what you have.but if you really sure you can do profit, then a little loan could be taken.
If you have good understanding and you also do have resources to pay those loans then grabbing the opportunities is not bad. It's important to have
other sources of income in order to pay those loans and continue holding your assets inside crypto while waiting for the price to rise. Loans are for those
who really trust their knowledge and not for those who are just trying to gain quick profits just because of someone told them to invest.
I wouldn't do such risky thing, i am a conservative investor, just using my spare money to invest in cryptos, loans to invest that is too dangerous for me, i am not say that is bounding to lose, but i am afraid i cann't bear that pressure of lose.
It is risky to invest anywhere after taking a loan. And it is very risky to invest the money borrowed in crypto, because the crypto market is very volatile, so if the market is dumped for any reason, it will take more time to recover and at that time the loan interest rate will continue to increase regularly. As you said, taking this pressure is not for everyone, it can be taken by those investors who have the ability to control this pressure.
Loan can be consider good things for them who already have expriance about crypto industry and expart on trading.even i took last loan many years ago and fortunately was able to make profit and successful to return the loan amount.although amount wasn't big.but i don't recommend loan for anyone.try to investment or trade with what you have.but if you really sure you can do profit, then a little loan could be taken.
If you have good understanding and you also do have resources to pay those loans then grabbing the opportunities is not bad. It's important to have
other sources of income in order to pay those loans and continue holding your assets inside crypto while waiting for the price to rise. Loans are for those
who really trust their knowledge and not for those who are just trying to gain quick profits just because of someone told them to invest.
The idea is not good because investment in crypto is for long-term.
If we borrow money to invest in this then it's may/mayn't be possible to withdraw that money from crypto market at the correct time.
Also risk of getting loss.. Because crypto market is highly volatile and we may loss the loan amount.
Better invest your own money with your own decision.
If we borrow money to invest in this then it's may/mayn't be possible to withdraw that money from crypto market at the correct time.
Also risk of getting loss.. Because crypto market is highly volatile and we may loss the loan amount.
Better invest your own money with your own decision.
Loan can be consider good things for them who already have expriance about crypto industry and expart on trading.even i took last loan many years ago and fortunately was able to make profit and successful to return the loan amount.although amount wasn't big.but i don't recommend loan for anyone.try to investment or trade with what you have.but if you really sure you can do profit, then a little loan could be taken.
This is highly risky and I don't recommend anyone do this except they've thought about it critically, borrowing over $40k to invest in bitcoin or crypto is a bad decision for, bitcoin is a very volitile crypto asset and possibility of it going down from here to $5k is there and high cus no one can really predict the market one hundred percent.
This is not an advisable venture for me except as I said before, that you have critically thought about it.
This is not an advisable venture for me except as I said before, that you have critically thought about it.
The fact that many people borrow money to invest, I don't think it's a bad decision it's just a bold decision. No one can predict 100% right on investment or anything that will happen in the future. Not only Bitcoin, even the physical form of investment. We can only make a feasibility study for the business we live in. Being in debt for investment is a natural thing, even people who think debt is a very bad thing, think they are not at the level of an entrepreneur.
I wouldn't do such risky thing, i am a conservative investor, just using my spare money to invest in cryptos, loans to invest that is too dangerous for me, i am not say that is bounding to lose, but i am afraid i cann't bear that pressure of lose.
Taking loans to invest in cryptocurrency is a bad idea for me,cause it's not guaranteed that you will get a return since the crypto market is unpredictable and very volatile, let's just say someone agrees to give you a loan, after taking the loan you invest in a coin hoping it will go big 2 to 3 months after you invest, but instead things go sideways and the price of the crypto asset goes below the price you actually bought it, how are you going to explain to the loaner that he has to wait for a year+ to receive his money back? Are you sure his going to wait that long to get back his money?,so taking a loan to invest in crypto is definitely not a good choice.
You can lost everything if you will invest in wrong coins. Not the best use case for loans money
Yes, and people who already have a lot of experience in every investment thing already know this and they are not stupid in choosing coins for investing, but what you say is clearly very true and can be considered by those who are still beginners here.
You can lost everything if you will invest in wrong coins. Not the best use case for loans money
legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform
This is highly risky and I don't recommend anyone do this except they've thought about it critically, borrowing over $40k to invest in bitcoin or crypto is a bad decision for, bitcoin is a very volitile crypto asset and possibility of it going down from here to $5k is there and high cus no one can really predict the market one hundred percent.
This is not an advisable venture for me except as I said before, that you have critically thought about it.
This is not an advisable venture for me except as I said before, that you have critically thought about it.
I can say that loaning money in order to buy crypto isn't good but at the same time it isn't bad too.
I know that most of the people here will say that loaning to buy Bitcoin is bad since it is volatile and it can go down anytime but lets see the good side of it for a while. If I loan money now in a Bank and will pay it in X amount of years. As long as I have a primary source of income and a secondary then I can pay that loan in less than the years that I need to pay. I know that it is risky but that is investment. No risk = No reward
.
If there will be a time that I will be doing this, I'm always ready for the consequences that I might face if the worst will happen
. Taking loans to invest in crypto isn't as bad as most are thinking because there are still some benefits from it especially if the price of the crypto you bought surged up after few years.
I know that most of the people here will say that loaning to buy Bitcoin is bad since it is volatile and it can go down anytime but lets see the good side of it for a while. If I loan money now in a Bank and will pay it in X amount of years. As long as I have a primary source of income and a secondary then I can pay that loan in less than the years that I need to pay. I know that it is risky but that is investment. No risk = No reward
. If there will be a time that I will be doing this, I'm always ready for the consequences that I might face if the worst will happen
. Taking loans to invest in crypto isn't as bad as most are thinking because there are still some benefits from it especially if the price of the crypto you bought surged up after few years. 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?
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?
Loan is good if it's a short term loan and you are buying when bull run is just starting out, because of the very high market volatility you can't never be sure when the market will be making a correction and for how long that correction will go, you should know the time frame for each events to protect your investment.
Loan money for investment is not the right way, after all it is a mistake, because the right investment management never recommends doing that. My advice is that instead of loan, it's better to collect money from airdrops or bounties and the results can be capital for investment.
Although it is possible, but for me it is sincerely not advisable. Better take investment to the extent of only what you have and what you can give out without taking any regrets. Meaning, invest only the amount you can do afford to loose. Taking loans will just bury you into a big debt which you are not sure on how you will handle or how will you be able to pay back because investing in crypto is kind risky and there is still no good assurance that you will have your money back in an instant so better just use what you have instead of taking loans.
Always a great idea to take a loan, so money you already don't have, invest it in a highly volatile and speculative market in the hope of getting enough to pay back the loan and still make a good profit. No, seriously ... Dumbest idea ever. You only should invest what you are willing to lose. When you have no money and decide that you have to take out a loan to invest in cryptos you should better start setting the right priorities in your life and learn how to handle money.
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