Should you take loan(s) to invest in crypto? - page 2.

Rockstarguy

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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?

Taking loan to trade is not cool because no knows what can happen to the market, the market is always unpredictable. Taking a loan to trade and at the end of it comes out to be what you weren't expected is very disappointing.

Maestro75

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Quote from: velosepur on September 26, 2021, 03:06:37 PM

Loan for invest in crypto? No, never. There are many reasons, but main reason is that crypto market is very inpredictable so you have good chances to lost borrowed money. What then mate? Don even think about this idea.

Everybody is afraid of borrowing money to invest in crypto and i do not know why so because it is not the only business that has alot of risk in it. Those who know what they are doing in crypto and know how to invest in it will still make money whether it is borrowed money or not.

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?

Darktongue

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Quote from: gurunanakji777 on September 25, 2021, 10:46:18 AM

I won't and Honestly speaking even I will not advise anyone to take a loan to invest in the crypto market because it's highly volatile even your investment can be reduced to half in just one day. So one should invest only when one has extra funds for the investment on the contrary one can earn huge profit also but we all know it's a highly volatile market and one should always calculate the risk before investing.

I also won't support taking loans, only a few months ago, but now we should take this opportunity. Top altcoins have been very low volatile since the last 4 months. Actually, market prediction isn't very easy, but we can easily assume this time. There is always an opportunity to invest in the cryptocurrency with our extra funds. Now you can take loan opportunities if your religion supports you.

albon

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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?

It is really a crazy idea to take a loan and invest in cryptocurrencies because they are currencies whose value changes from time to time and the profit in them is unstable, but perhaps if you invest your money that overflows from your family life in promising cryptocurrencies, you will definitely get profits that will please you, make loans only for the necessary things and make Investing with the money you don't want.

velosepur

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Loan for invest in crypto? No, never. There are many reasons, but main reason is that crypto market is very inpredictable so you have good chances to lost borrowed money. What then mate? Don even think about this idea.

mdzahed134

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Loan for crypto investment it’s definitely quite risky way to make money. So, i don’t think it’s a good deal to borrower because you have to pay for lender a certain amount in every week or month but you know crypto is highly volatile so that's it’s not guaranteed you can profit within a deadline.

jack wira

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It's a pity if you have to borrow money from a bank or the like, just to invest in the crypto world is very illogical, bro. The first reason is, if we don't have big capital outside of crypto, it will be very difficult to pay bills every month, not to mention the interest.
The second reason, in the crypto world, no one can guarantee that the crypto that we invest will end well, because the price of the coin will not always increase, even on the contrary at any time it can also decrease in price, so it will make us lose, bro.
So my advice is to stop borrowing money if you only invest in crypto.

Cryptosimar

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the most noticeably terrible misstep anybody can make Is make credit to purchase digital forms of money. each credit has financing cost, time to pay advance and assurance that the individual should provide for (promise some resource) and the benefits of the cryptographic forms of money are not ensured and may bring about misfortunes and the individual can be captured relying upon where he made the advance. I don't see the benefit of somebody setting out on this sort of experience

smyslov

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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?

It's crazy and I would not even recommend this to relatives and friends the word of wisdom only invest what you can afford to lose, applies all the time in any market, there's no guaranty that you can make a profit, the market unexpectedly goes up and down with one news, the short or longterm loan should not be recommended to anyone who wants to invest.

midaslordes

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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?

It is a very bad choice for you if you will loan and invest in to crypto because dealing with cryptocurrencies have a very high risk. I suggest that you just invest what you have and can only afford to lose.

Farma

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Quote from: tsaroz on September 25, 2021, 02:50:53 PM

It may seem promising for a while and you calculate your income and how quickly and effectively you could pay off that loan. But the market doesn't always goes your way. No platform is going to be 100% secure. Yes there are some platform that provides 12% on stable coin, that could be larger than your bank interest but you can not trust all your money with them. And they also comes with conditions and the rate could change anytime. Even stable coins and established coins comes with a risk.

Recently, many play to earn games like the popular Axie Infinite, and the game is quite popular. I joined one of their telegram channels, and some of them are willing to borrow money to play the game because the ROI looks very fast. however, due to unstable market movements, as well as game development that is still in beta, the game's rules have changed slightly and have dumped the price. it of course creates problems for people who borrow money from other places. however, it would be great if he had other ways to pay off the debt, but it would take a long time if he was only hoping to earn from the game's investment.
So, think carefully before borrowing money. the risk is commensurate with the benefits that can be obtained.

the ghabbar

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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 it's very ridiculous what these people are doing, lending money in a bank to invest in cryptocurrency, they don't know the effect of borrowing money, if the investment made in crypto is problematic, it's really not the right move. Investing is an activity carried out with very careful consideration, by studying several levels of risk that will be accepted, which in the end the investment is seeking the maximum profit, if the decision to invest and take money in the bank, then you will receive two problems simultaneously, so think before doing any of that.

evichi

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It is not advisable to take loan to invest in crypto. A proper and healthy investment requires that you take a percentage of your assets that you can afford to loose for investment. Taking a loan only makes sense in situations where there are predictable outcomes or results such as salary earners, etc. The high volatility of Bitcoin implies that the risk is already high even as you are using your own funds not to talk of taking loan - money that is not your own. Why put your health at risk and that of your dependents at such avoidable risk? Unless the person already have plan B, should the investment fail. While the twitter story looks exciting but we must not forget that it is actually a narrow escape and generally not a healthy way to invest in crypto.

Levero

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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.

Gayong88

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It is always advisable to start investing in the money market using cold money when viewed from the advice of people who are already proficient at investing, even though many platforms provide this feature. In my view, invest as much as you can, and don't force it, the profit will eventually fail, meaning this is to minimize risk and be calm if corrections occur at any time.

Silver80

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Quote from: Luqman on September 25, 2021, 07:42:37 PM

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

What do you think of taking loan(s) to invest in crypto? Have any of you done this already?

Don't do it!!! You will get difficulties or even problems when you use loan money to invest in crypto coins. Always remember to use your extra money or the money you can afford to lose. Investing in crypto doesn't have the guarantee to be successful. It is true many people earning millions of dollars from crypto, but in reality many people also got huge losses as well. I personally never borrowed money to buy crypto coins, even I never think to try it. I have learned the risks of crypto investments, too risky if we want to try the idea of using loan/borrowed money. Just look at how significant the volatility or the price changes of crypto coins. It will be scary if we buy at the wrong time with borrowed money.

I love you full you have a statement, you are smart and intelligent so you don't make people misstep, even though there is no work that produces in a short time (shamans just look for money by doubling money still taking payments), some even make information, cryptocurrencies, stocks have a high risk, be smart and careful in using your money, because you will be tempted by instant wealth, if you profit by borrowing, if you lose the guarantee for the loan is lost.

Luqman

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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? Have any of you done this already?

Don't do it!!! You will get difficulties or even problems when you use loan money to invest in crypto coins. Always remember to use your extra money or the money you can afford to lose. Investing in crypto doesn't have the guarantee to be successful. It is true many people earning millions of dollars from crypto, but in reality many people also got huge losses as well. I personally never borrowed money to buy crypto coins, even I never think to try it. I have learned the risks of crypto investments, too risky if we want to try the idea of using loan/borrowed money. Just look at how significant the volatility or the price changes of crypto coins. It will be scary if we buy at the wrong time with borrowed money.

AhmadM

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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.

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.

dhemasm

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

It is a short no.

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.

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

Yeah, Just make sure to invest on any kind of investment options with your extra money only that you can afford to lose, You can't predict accurately what will happens in the future so never take any loan any kind of any investment or trading, I have some friends that ended having big debt and strugle to repay it since he suffering some loss.

tsaroz

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It may seem promising for a while and you calculate your income and how quickly and effectively you could pay off that loan. But the market doesn't always goes your way. No platform is going to be 100% secure. Yes there are some platform that provides 12% on stable coin, that could be larger than your bank interest but you can not trust all your money with them. And they also comes with conditions and the rate could change anytime. Even stable coins and established coins comes with a risk.

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