Should you take loan(s) to invest in crypto? - page 11.

Renampun

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Quote from: bittreo on December 17, 2020, 11:39:10 AM

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?

do not do things that are very risky, the condition so that you do not lose is to first identify your investment target...
Are you aware that cryptocurrency volatility is very high, what will happen to your loan when you are mentally unprepared for the possibility of your investment value decreasing? do not act rashly! if you are a person who is able to control your emotions and mentality then a big risk will not be a big problem for you.

dimonstration

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Dimon69

Quote from: Nazmul012 on December 19, 2020, 02:43:27 PM

No.Taking loan for investment on crypto is nothing but a bad idea.most of people don't have any patient and want to get rich within overnight but they get poorer because they illegally start invest on Crypto.even expriance person may face loss by crypto investment, cause there is no surety & unpleasant thing can be occurred anytime.so always should investment the fund that can be afford.taking loan is so far.

If it's in BTC those who take loans before is able to pay their debts now, but this is not really advisable as we weren't sure before whether BTC price will skyrocket this much, it's risky unless we have something else that can pay off our debts like having job or other profession that can pay our debts then it's fine but if only to rely in crypto is a big risk besides there are no one who will lend us without guarantee we will able to pay.

TheGasManII

newbie

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I would say no. You should never invest more than you can afford to lose, in anything.

Hamphser

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Vave.com - Crypto Casino

Quote from: zhea on December 19, 2020, 04:50:12 PM

Quote from: bittreo on December 17, 2020, 11:39:10 AM

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?

You know, some users here would think that I'm foolish but yeah, I loaned some amount of money for investment in cryptocurrency. It's an amount that I can afford to lose if ever the scenario I've been speculating won't come true. Loaning money to invest in crypto is not advisable but you can't also someone from doing so especially now that some cryptocurrency is in the bull run and many individuals has gained profit from it.

You've been lucky yet the price or the entire market had bull run which in result for you to make profits rather than on losing one.Even though you do
say that you are taking up some loans and you can afford to lose it but deep inside its really hard for you to lose up those amounts yet you would
need to repay it out but since its our decision then it doesn't matter because we are still the ones who would repay.Just be prepared
on what would be the possible scenario if things go out in hand.Always take precautionary measures.

manfredmann

member

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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.

zhea

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Quote from: bittreo on December 17, 2020, 11:39:10 AM

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?

You know, some users here would think that I'm foolish but yeah, I loaned some amount of money for investment in cryptocurrency. It's an amount that I can afford to lose if ever the scenario I've been speculating won't come true. Loaning money to invest in crypto is not advisable but you can't also someone from doing so especially now that some cryptocurrency is in the bull run and many individuals has gained profit from it.

MUG1WARA

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Bitcoin price is unpredictable and can fall anytime within hours. If you borrow to invest in bitcoin, of course, it will have a very big risk.
borrowing then investing in bitcoin is the same as the lottery, if you are lucky (buy in 2018) and sell now you can definitely cover the loan and you also get a lot of profit, if you are not lucky then you will experience stress. so it's better to buy bitcoin according to the money we have and don't be too greedy. think about the risks too

bitcon

legendary

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Quote from: bittreo on December 17, 2020, 11:39:10 AM

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?

Of course, this is a huge stupidity! loans for investment? Where are the guarantees that they will pay off? If so, you can really get rich, and if you fail, you can pay off your debts for a very long time. When thinking about investing in cryptocurrency, it is necessary to clearly assess the possible risks.

Nazmul012

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No.Taking loan for investment on crypto is nothing but a bad idea.most of people don't have any patient and want to get rich within overnight but they get poorer because they illegally start invest on Crypto.even expriance person may face loss by crypto investment, cause there is no surety & unpleasant thing can be occurred anytime.so always should investment the fund that can be afford.taking loan is so far.

tycsols

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BountyMarketCap

Quote from: bittreo on December 17, 2020, 11:39:10 AM

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?

Yeah I jave read similar claims many times as well and sometimes it do work and people are able to pay back and keep the profits especially in a bull market but what about longterm downtrend? It can really trap all your money so for me it is a very risky strategy and you can end up in loss and depression if market does not go in your favor.

MonsterV

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Well it's not idea if you don't really know how to analyze market because you will be in a great debt if you are going to borrow from bank and the price of cryptocurrency crashed it's not really good idea to borrow money from bank to invest in cryptocurrency.

Ryushin

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You can take loan only if you know your way around crypto risks managements, if you are still new to crypto do not try it or else you will put yourself in a very bad situation, I've seen people taking their own lives because of debts, taking loan is one of those ways to forever lasting debt

GbitG

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I ❤️Bitcoin

Quote from: Cling18 on December 19, 2020, 10:35:48 AM

As for me, taking loans just to have funds to invest isn't a smart idea because we all know that the market isn't stable. The price of Bitcoin is volatile which simply means that our funds would be at risk and we don't have any guarantee that we could pay back our loan in time. If we would want to invest something then earning funds out of our own pocket would be better. It will be easier for us to set our own goals and targets.

This is really good point never take any loan from any one for investment because we have too many cases specially in sub-continent peoples take big loans and invested in stock exchanges mostly they fail to achieve targets and then at the end they commit suicide its really never been wise thing not only in crypto even in any investment or gambling just try to your skills and then achieve your targets because its much better and useful way to have some good profit from your investments.

Cling18

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As for me, taking loans just to have funds to invest isn't a smart idea because we all know that the market isn't stable. The price of Bitcoin is volatile which simply means that our funds would be at risk and we don't have any guarantee that we could pay back our loan in time. If we would want to invest something then earning funds out of our own pocket would be better. It will be easier for us to set our own goals and targets.

bittreo

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Quote from: Dr.Osh on December 18, 2020, 01:00:37 AM

Most people sometimes make loans to fulfill their goals. well, I feel that it takes a lot of confidence. most likely a lot of people are already doing this in the cryptocurrency world, and I'm pretty sure that the goal is coins that have a lot of popularity and potential.
Personally, I instilled the principle in my life to avoid borrowing. because of this, I have not made a loan for investment purposes in the cryptocurrency world.

Similarly to yours, we haven't taken a loan in my entire generation and not planning take one. We have lived in bad situations but never took loan so far. So, this is not a chance, I think. But I wanted to know about opinion from bitcointalk members.

tvplus006

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To the Moon

Quote from: Sled on December 19, 2020, 08:40:02 AM

I'd never think that it was not a good idea, in fact, some businessmen had come to that point asking for loans to their friends, from the banks to start their business. They'll come into a certain reason since they don't have another choice, it is used as a capital and it probably they can make a good return in the future and can pay their debts.
What makes it wrong if you are taking loans just for unnecessary things.

The idea of taking out a loan to buy cryptocurrency usually occurs in a bull market, when it seems that this is 100% the right decision, because absolutely everything is growing in price. And such successful cases were in 2017, when some sold their homes and cars to invest in bitcoins.

Sled

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Bitcoin- in bullish time

Quote from: bittreo on December 17, 2020, 11:39:10 AM

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'd never think that it was not a good idea, in fact, some businessmen had come to that point asking for loans to their friends, from the banks to start their business. They'll come into a certain reason since they don't have another choice, it is used as a capital and it probably they can make a good return in the future and can pay their debts.
What makes it wrong if you are taking loans just for unnecessary things.

kpierce77

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Quote from: ?? on ??

I don't recommend it, friend, because it can be risky if you can't estimate the percentage of profit to return the money you have borrowed, especially crypto prices that are uncertain and unpredictable. it's better that you don't have to take out any loan just to invest in crypto. use your personal money without exception

Yes, crypto is very volatile and has high fluctuations. is not a good decision if you can't be sure of the profit you can get. of course debt is something that if we can avoid it, even for me personally and I also feel that without a clear goals and also without a mature strategy, this method has a bigger failure precentage

kaya11

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SOL.BIOKRIPT.COM

It is dangerous, for me I would prefer selling my property than make it a loan collateral. That way I am able to know that my property is already gone, the interest rates are just way too heavy of a burden. Go broke with than paying your debts for years, well it is the case if we got the wrong investment of course, so if you to loan then have it think twice or else you would just giving yourself a headache.

trauchot

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In no case should you take loans and invest in cryptocurrencies, this is a huge mistake, because you, for example, will take a loan today and you will invest in cryptocurrencies, and tomorrow these same cryptocurrencies in which you invested will begin to fall in price and it is not known when these cryptocurrencies will start growing again, what will you do then? And there are a lot of scam cryptocurrency projects where you can completely lose all your money, so in no case should you take loans for investing in cryptocurrencies.

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