Should you take loan(s) to invest in crypto? - page 4.

conected

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Quote from: speedforce on May 19, 2021, 12:48:11 PM

Dont do that, it will make a big trouble if you loss.
I just suffer a loss and its really stressful, fortunately its not from a loan.
So I just need to take a rest a bit and live like usual, the lesson i take from this bloodbath is never trust anyone, 50% drop is real and haunt your stop loss.
Also, shouldnt put any crypto in futures, its a big loss for me.

- It's wrong when you try to enter the futures market for the purpose of making money, I just put a small amount of money to entertain with this form when I know the burn rate is very fast, you will be liquidated very cleanly if you lose control for a few minutes, today is a heartbreaking story for everyone involved in this form. Back to the main topic today, loans should probably only be associated with people who know the rules and control their losses, too amateurish and lack of firmness should not apply, it is very easy to suffer great damage with the habit of being too confident in yourself

speedforce

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Dont do that, it will make a big trouble if you loss.
I just suffer a loss and its really stressful, fortunately its not from a loan.
So I just need to take a rest a bit and live like usual, the lesson i take from this bloodbath is never trust anyone, 50% drop is real and haunt your stop loss.
Also, shouldnt put any crypto in futures, its a big loss for me.

Coroline

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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.

sportclub2010

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Taking out a bank loan to invest in cryptocurrency is a very bad idea. First, you will need to pay interest periodically to service the loan. And secondly, after a certain time you will have to return the amount taken back to the bank. In order to do this, you need to be 100 percent confident in your investments. Cryptocurrency, unfortunately, does not provide such confidence.

b1boy

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I dont think how you said it is exactly correct. we can't foresee future economic situations. In the event that you make an advance, ensure you have a distinct pay for recuperation if consistently the portions you need to pay from exchanging speculations can't be paid. recollect that this business hazard is very high. you better put away with the cash you have and it isn't attached to obligation so as not to turn into a weight on you

lalabotax

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It is a stupid and worst idea to invest from loan money. There is no guarantee of success in crypto investment. Instead, crypto investment is full of risk, your money can decrease much only in a short time. So, don't only imagine the potential big profits. The volatility in crypto investment makes many beginners stop suddenly in crypto investment. In this matter, I suggest using extra money only, your unused money. Don't try to have the capital from a loan.

milani

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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?

I do not consider this idea to be good and wise. Lots of people had bad experience after such a rash step. Especially in 2017-18 when it was a boom on ICOs and drops. Personally know some stories when people even kept their cars or real estate as collateral. The risk is too high. Investment should be from those assets that are not required for tomorrow, not for your food or whatever. It is a golden rule that should be remembered forever.

Becky666

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Quote from: fia_naila on February 25, 2021, 02:55:59 PM

I know crypto from 2014 and at first time i invest is on cloud mining using my cedit card and it is a loan, then after month cloud mining that i bought suddenly dissappear and i must working hard to repay the loan. My suggestion is " never take loan for investment like crypto or stock ". You will end up prety bad.

Likewise me too, i wouldn't advise anyone to ever get involve into loan to make their investment with cryptocurrencies, this is one of the bad side of investment. The volatility in the world of cryptocurrencies doesn't want such movement even though with stocks market, as the saying goes"don't invest what you can't loss into any volatile market".

fia_naila

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I know crypto from 2014 and at first time i invest is on cloud mining using my cedit card and it is a loan, then after month cloud mining that i bought suddenly dissappear and i must working hard to repay the loan. My suggestion is " never take loan for investment like crypto or stock ". You will end up prety bad.

DarkDays

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Taking out loans to invest in this unstable and highly volatile market would be a mistake. Don't take out a loan to invest into something that you clearly can't afford to lose. Crypto is great but if you don't enter the right markets (and before you ask, there isn't a magic place where you can find these you need to get lucky) you can end up losing it all. So be wise, do your research and always check the team out.

chaoscoinz

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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?

Disclaimer: "I am not a lawyer or financial advisor. I am simply stating my opinion. If you seek legal or financial advice, please consult with your local professional

They say brother, "never bite off more than you can chew". Also "never go all in on your bets, only gamble with what you can afford to lose, less you want to lose the shirt off of your back!"
Just my 2 cents

Mahanton

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Quote from: akar87 on February 25, 2021, 11:01:08 AM

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?

Not guarantee with bitcoin and altcoin is the best way for investing and get much profit because I see many people make mistake with loan money and buy or invest with bitcoin or altcoin, some time we can't prediction bitcoin always on higher price, if you use loan money as funding for investing how come you can pay on time but bitcoin or altcoin as your investment have lower price, better use free money for joining or investing in cryptocurrency.

When you do have still money into your bank or have some savings then its more ideal to allocate some portion or percentage of it rather than
consider on taking up some loan for you to invest on.If you can bare with the risk then go ahead but if you aren't sure if you can repay or not then
to avoid taking loans as much as you can because this will really be ending on messing up with your finances.Always have that risk management
thing and try to picture out the probabilities of things that might happened if things turn out or goes to the opposite side.

angrynerd88

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Mainly individuals in some cases make credits to fulfill their objectives. well, I feel that it takes a part of certainty. most likely a parcel of individuals are as of now doing this within the cryptocurrency world, and I'm lovely beyond any doubt that the objective is coins that have a part of notoriety and potential.Generally, I ingraining the guideline in my life to maintain a strategic distance from borrowing. since of this, I have not made a loan for venture purposes within the crypto world.

akar87

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$CYBERCASH METAVERSE

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?

Not guarantee with bitcoin and altcoin is the best way for investing and get much profit because I see many people make mistake with loan money and buy or invest with bitcoin or altcoin, some time we can't prediction bitcoin always on higher price, if you use loan money as funding for investing how come you can pay on time but bitcoin or altcoin as your investment have lower price, better use free money for joining or investing in cryptocurrency.

masulum

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hmph..

Quote from: cafee_orange on February 25, 2021, 10:43:20 AM

taking out loans for other purposes is common, but taking out loans to invest in digital currency is extraordinary. and it takes a lot of determination like him. and it may be done by a trader if he can repay the loan. and I am sure he will easily and quickly repay his loan if he trades in Altcoin or good Coin.

It's not easy bro, all of us is better to stay away from loans to invest in crypto, because the price and market of crypto very unpredictable. I remember about a young man who lost the money because of crypto and suicide. This is happens on 2018 when Bitcoin plunged from ATH 19K. Maybe it's okay if just $100 and have something to paid out after or when crypto price not good as we think. If not, maybe better to stay away from loan.

cafee_orange

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Quote from: ?? on ??

There are those who can and there are those who must not if you don't have a stable job and do not own properties and have no experience investing, you should not take a loan it's too risky for newbies, even if you are advised by good analysis, the volatility will always play anytime, the market goes down for no reason at all, and this is something that we cannot anticipate.

taking out loans for other purposes is common, but taking out loans to invest in digital currency is extraordinary. and it takes a lot of determination like him. and it may be done by a trader if he can repay the loan. and I am sure he will easily and quickly repay his loan if he trades in Altcoin or good Coin.

plr

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Even if it is tempting you should not even think of taking a loan to invest, I have read a lot of people losing everything they've got because of taking a loan to invest on a hype, Cryptocurrency is not a get rich scheme, there should be logic in all your actions and taking a loan is not a good one.

blckhawk

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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?

Even crypto especially Bitcoin showing a good performance still I wouldn't take the risk of taking a loan just to invest in crypto. It's been said many times that don't invest the money that is not yours or you cannot afford to lose because it is not certain that it will make a profit. Imagine someone takes a loan and invests it in Crypto then the market suddenly undergoes a bear trend, that would be trouble, how you will be able to pay it off? you will have no option but to sell off and that would be your loss. I know the market seems to provide a good run but we cannot still rely on it as it still will not certain. However, if you think you will be able to manage the risk then I'll leave the decision to you, it still your call after all. Btw, I haven't done taking a loan for it to invest, can't take the risk.

Rehan Zakir

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It is a very popular topic. But i have not taken out a loan to invest in crypto currency
I have invested a small amount in crypto currency. And i multiply my investment through trading. I think this is the best strategy for earning money. I have learned trading skills through this small investment with low risk.

Mauser

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While in the last few months it would have worked to borrow money and invest into cryptos we don't know how the future looks like. The risks are very high to invest, trade or gamble with borrowed money. If we have a decent salary and could cover the loans in a few years than it might be possible to invest today. But if we don't have that income than the risks are just too high in my opinion. Imagine if we lose the money but are stuck with the loan and have to repay that loan for 10 years? That would be a huge tragedy.

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