Should you take loan(s) to invest in crypto? - page 3.

CoinFoxs

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

Quote from: Banulit on September 25, 2021, 07:50:53 AM

I think that is a very big NO and very bad idea if you wanted to invest in cryptocurrency keep in mind that you should invest what you can afford to lose knowing that there is a high risk when dealing with cryptos.

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.

Totally agree with you, only invest your spare amounts so when price drop you will wait for the next pump or wait till price become stable. If you take loan then you have to pay back the amount in shorter period of time so if price drops you can face a loss because you have to pay back your loan! So don’t take loans to invest in crypto as their is fluctuation in altcoin’s price!

martina14

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Well, based on my knowledge here in the forum there is a thread section here who borrow money to all members here at least Full member and up with a collateral requirements of course. But, to be honest this methods is not a good idea, believe me everything will be turn into nothing especially if your not knowledgeable here in the cryptocurrency.

Anguwa

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Taking loan to invest in crypto is very risk, though even using personal money to invest in any business is risk talk less of crypto. Loan money in crypto investment will never give a mind set in market fluctuation and dump of bitcoin it is advisable not invest the amount more than what you can't afford to loose, so taking loan to invest in crypto is a bad idea so it's not advisable, because of the higher risk involved.

Jilapikhamu

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No never crypto highly risk market than others, its to risky

gurunanakji777

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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.

livingfree

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Quote from: Banulit on September 25, 2021, 07:50:53 AM

I think that is a very big NO and very bad idea if you wanted to invest in cryptocurrency keep in mind that you should invest what you can afford to lose knowing that there is a high risk when dealing with cryptos.

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.

MonaLeeTracy

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Crypto assets are one of the investment instruments that are in demand by investor, crypto asset transaction experienced significant growth, thus making investor willing to put the money they have in search of profit.
Crypto assets are investment instruments that are still new in existence, However, that does not mean that crypto asset do not have the fundamental of market price movements.
Investor must first learn the fundamental of the type of crypto asset they are going to buy, The first fundamental analysis indicator is information about the technological advantages and functionality of the coin. Although crypto asset can provide huge returns for investor, but the risk of loss is even greater, So investor should think 10 times borrowing money from a bank to invest in cryptocurrency.
In my opinion, borrowing bank money to invest in cryptocurrency is a crazy thing one does, because the risk is great.

Dr.Osh

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think about it, if you borrow money to buy real estate, or offline assets such as land, houses, cars, or other valuable objects, it might be quite worth it, because if you can't pay the installments in the future, then your assets will be confiscated, and you don't have to. pay the debt. you are free from it.
however, in the crypto world, if you borrow money and expect it to be multiplied, that's not wrong. however, the risk is when things don't go the way you think. however, think for the best, whether it's really worth borrowing or not. In addition, think about how the method of returning the money will be if the investment you are thinking of is not suitable or fails.

Banulit

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I think that is a very big NO and very bad idea if you wanted to invest in cryptocurrency keep in mind that you should invest what you can afford to lose knowing that there is a high risk when dealing with cryptos.

2tang

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Quote from: fortune1002 on May 20, 2021, 01:50:57 PM

I have not done it. It is very risky to invest borrowed money in Crypto. Because if you loss your money what will you do. Try to invest that money in Crypto which you can afford to loss.

If the borrowed money is lost when he invests it, then the thing he has to do is pay it back in a different way, because it is not advisable to borrow money and then invest, because the profit in that investment is not so sure that he must use free money that is not used for investment another place.

iyamoxjhian

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For me it's no. I still believe in most of the successful entrepreneur's opinion that never make a debt or a loan to cover up your existing loan as this will lead you to burrying yourself underground alive! It will be better to invest with your own money and invest based on what you are ready and willing to invest whether to loose it or not. Especially in crypto currency we can not predict things to happen. At least if you loose, it's your own money and that money is your willing to take at stakes.

Cindella

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Cryptocurrency investment is risky, and borrowing money to invest is a particularly risky behavior. The crypto market is unstable and the price fluctuates greatly, and there is no guarantee that it will be profitable. Funds face great risks, and there may be losses in which loans cannot be repaid. So loan investment is wrong under any circumstances.

ogundowotoby01

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It is unwise to take loans & invest it into speculative assets like cryptocurrencies. Loans for investment purposes should be done for businesses where you are in direct control of your earning potential and you are more protected from the volatility of the market based on conditions outside your control.

Investment loans into cryptocurrency should only be done when you trust your ability it make good investment or trading decisions based on the set of data available for your analysis.

fortune1002

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I have not done it. It is very risky to invest borrowed money in Crypto. Because if you loss your money what will you do. Try to invest that money in Crypto which you can afford to loss.

Pelana vreo

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

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 am happy if I have a crypto loan limit with stable coins like USDT, but some countries prohibit crypto transactions such as Bitcoin and other top altcoins, I can only use the online loan platform with a limit of $1k within 1 month and I hope, if there is a loan platform like That is, I can use it because I have a record loan track at several banks with good ratings

motun01

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Taking loans for investment reasons should be done only when the assets to be invested in are guaranteed or very likely to reap the intended rewards after a specific period of time.
That assurance does not exist in the crypto markets and i think it is unwise to take loans to invest into cryptocurrencies

chanler

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I think if we just want to start investing in crypto then we can do it with a small capital first. and borrowing money to invest in crypto I think it's less effective and too risky because we don't know whether we will gain or lose. if there is no capital we can start investing with a small capital or join the bounty. lots of good bounties to join so we can get paid

Dadan

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Quote from: Coroline on May 19, 2021, 12:43:16 PM

It's not a good idea, if someone shares his experience with loans he becomes rich or profitable when investing in the crypto world is just a coincidence and the lucky ones like that are only 1: 1000. Only a lunatic would bet between certainty and uncertainty, that's understandable, right? that the loan is certain and the crypto market is uncertain.

It's very risky to loan money to invest in cryptocurrency. You know that cryptos are unpredictable. Unless you have a good plan, it will be too hard, and it will stress you out badly when you lose the money you just loan. I would instead work hard till I got enough funds to start my journey in cryptocurrency. For me, This is the safest way than loaning money in the bank as the interest is undoubtedly massive.

blockman

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Quote from: Coroline on May 19, 2021, 12:43:16 PM

It's not a good idea, if someone shares his experience with loans he becomes rich or profitable when investing in the crypto world is just a coincidence and the lucky ones like that are only 1: 1000. Only a lunatic would bet between certainty and uncertainty, that's understandable, right? that the loan is certain and the crypto market is uncertain.

True to that. And it's sad to hear those stories that they've taken a loan for them to be able to buy and invest in cryptocurrencies. They've done a mistake that might push them away to the market and will never allow them to get back. That's why some people when they're hearing success stories of people that have invested in cryptocurrencies, they're all excited and thinking that it's also possible to them to happen if they just put a big amount of money until they come to realize and experience that it's not always the case that they'll have and that the market is very volatile.

Ozero

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The current sharp and deep price drop in the cryptocurrency market is a good answer to the question of whether it is worth attracting credit funds for investing in cryptocurrency. The cryptocurrency market is very unpredictable and very volatile in terms of price. Therefore, it is impossible to plan its price growth, profit and repayment of interest and the loan amount itself. You can take a loan only if there is a clear and well-grounded plan for its repayment.

Topic: Should you take loan(s) to invest in crypto? - page 3. (Read 2115 times)