It is a big NO for those who are still not used to the volatility of the cryptocurrencies, why would you take loans if your knowledge is still not enough and for sure there are a lot of people who did that who lead them in huge debt. For those who have problem in their capital and if they are still new in the market, I discouraged them to borrow funds and invest in cryptocurrencies because the risk are too high where the probability of losing all of those money is greater than surviving in the market.
If you have still no capital then try to find sidelines first while you are developing your skills and acquiring more knowledge to become a profitable trader. I require others to at least have a market experience greater than 1 year in order for them to have confidence on their selves if they will borrow money from banks. Considering the interest is also a factor so take note of it.
Topic: Should you take loan(s) to invest in crypto? - page 8. (Read 2115 times)
the best choice for investing in crypto by using money that if we lose we are ready to bear it.
it is too risky to borrow money from a bank to invest in crypto which is a very volatile market. it is better to avoid problems than to seek them out.
although there is a great opportunity to earn but remember things can go wrong with what was planned.
it is too risky to borrow money from a bank to invest in crypto which is a very volatile market. it is better to avoid problems than to seek them out.
although there is a great opportunity to earn but remember things can go wrong with what was planned.
True, loans are meant for the rich people, if you are poor you will bring misfortune to yourself, only take risks with what you have, debt can take your life, many have killed themselves because they feel like they won't ever be able to get out of debt, be very careful, loan isn't the way for people that are still managing or poor
You can take loan if you know your way around risks, you can take loan if you have enough money to cover any losses but if you aren't one of these two points of mine it means you can't find your way out if things go wrong, don't think about the advantage of loans but also the disadvantages too
You put yourself into inconvenience. You can't assurance that you can procure a great deal in your crypto venture since market is so unpredictable then you need to pay your advances and premium each due date. This activity is exceptionally debilitate under any circumstances regardless of whether you have an exact prescient ball.
I thought the same thing. maybe it is fine if everything goes according to your predictions, but in the world of crypto or investing, it is something that is uncertain, so I also do not recommend taking a loan to invest in crypto. Yeah, but if you're sure about it, you have to be prepared for all the risks involved, because personally, I wouldn't do that. 
You put yourself into inconvenience. You can't assurance that you can procure a great deal in your crypto venture since market is so unpredictable then you need to pay your advances and premium each due date. This activity is exceptionally debilitate under any circumstances regardless of whether you have an exact prescient ball.
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 have not done so ever but this idea did hit my mind a few times especially when i expect bulls in a coin but being very risky thing i have always dropped this idea. 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 a loan from a local bank and investing it into cryptocurrencies is true madness. Imagine if Bitcoin dumps hardly and this guy just gets afraid and sells what he buyed and then when Bitcoin bounces back, he will find himself at a loss. If he is a skilled trader and he's sure of what he's doing then i can take that in mind and it would be just normal to take a loan if he doesn't have liquid cash with him or can't invest using his salary.
Even if he's a skilled trader, it's still not advisable to take a loan from the bank to help he's trading business, I rather advice he seeks investment from people and pay them a certain percentage from his profit every week or month, this to me will be much more easier and safer than taking loan from the bank, professional traders make mistakes too, and you never know what will happen, even as a professional, things might go the wrong way and he end up owing bank a huge amount of money that might be difficult to pay up in a short while. 
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?
Borrow money from friends and family? No, you shouldn't, unless you have some sort of collateral that you can give them in case you failed to make profit and lose your funds. You do know that crypto currencies are extremely volatile, right? Why risk other peoples money and put yourself in a situation which might end up being bitter?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?
Like everyone said, invest if you can afford to lose. If you can't then don't even bother. Maybe save up something in the future and use it to invest in crypto currencies.
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?
For me, taking loans to invest in crypto is a total disaster. High return in cryptocurrency does not guarantee that you can pay your debt because high risk is always there, unless you are a lucky early adopter and you bought the best coin that won't let your investments down.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?
which means you do have some sort of problem on repaying those loans without relying into your investment returns.
You would put up into consideration that earning profit on crypto isnt an assurance because it all matters on how the market moves and when the time comes where
you loan is already into its due then you do need to pay.
This is why i dont really that recommending on taking up some loan just because you do like to invest.
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Taking a loan from a local bank and investing it into cryptocurrencies is true madness. Imagine if Bitcoin dumps hardly and this guy just gets afraid and sells what he buyed and then when Bitcoin bounces back, he will find himself at a loss. If he is a skilled trader and he's sure of what he's doing then i can take that in mind and it would be just normal to take a loan if he doesn't have liquid cash with him or can't invest using his salary.
Even if he's a skilled trader, it's still not advisable to take a loan from the bank to help he's trading business, I rather advice he seeks investment from people and pay them a certain percentage from his profit every week or month, this to me will be much more easier and safer than taking loan from the bank, professional traders make mistakes too, and you never know what will happen, even as a professional, things might go the wrong way and he end up owing bank a huge amount of money that might be difficult to pay up in a short while.
Crypto investment is a very volatile one. That why people are always advised to invest only what they can afford to lose. Now think about it. When you're advised to invest only what you can afford to lose, does that include the money you borrow?
That is not a smart thought. Putting resources into crypto is hazardous, at that point you utilizing cash from credits which likewise exceptionally dangerous. You put yourself into inconvenience. You can't assurance that you can procure a ton in your crypto speculation since market is so unpredictable then you need to pay your credits and premium each due date. It will simply give you migraine. Much better to try not to take advances to put resources into crypto, that isn't prudent.
Taking a loan from a local bank and investing it into cryptocurrencies is true madness. Imagine if Bitcoin dumps hardly and this guy just gets afraid and sells what he buyed and then when Bitcoin bounces back, he will find himself at a loss. If he is a skilled trader and he's sure of what he's doing then i can take that in mind and it would be just normal to take a loan if he doesn't have liquid cash with him or can't invest using his salary.
This is what I always hold tight, never invest in Bitcoin with money loans. This is too risky because we cannot always meet an uptrend market of BTC. which is why we can't consider it as a good way to do it.
Profit is very sweet. However, not all investments will give us profits. We may also experience a loss if we do not have a good strategy and also analysis. although today is still in the bull market, we cannot know how long it will last. We cannot determine. Even it will last longer again, I personally am not brave enough to get lonas to buy BTC
Profit is very sweet. However, not all investments will give us profits. We may also experience a loss if we do not have a good strategy and also analysis. although today is still in the bull market, we cannot know how long it will last. We cannot determine. Even it will last longer again, I personally am not brave enough to get lonas to buy BTC
I never want to take loan just to invest in crypto,. I'm afraid what if the market will suddenly go down. It would be difficult for me to recover it, so it is risky to take loan. We can not predict the movement of the market sometimes it will go dump without a reason. Better to not take loan just use your extra money or your salary if you have a job at least 30%.
I know that you are anticipating the possible dumps and you are right. Some people got into trouble because of the work "what if?" This drives them to feel uncomfortable about their doings because in the first place they are already in the doubt. I'm not really agreeing that a loan is bad but we are talking about investment and this is for the capital that soon to has returned. Losing can be happening but if we are able to manage this, there is no way we got into that thing but of course, a gaining return.
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?
Of course I don't agree, because we never know the state of cryptocurrency market in the future, whether there will be a bull run or a bear run, If someone is going to make a loan from a bank just to buy and invest in cryptocurrency then I suggest thinking carefully, because if the price goes down, then he will lose a lot of his money (bank interest must be paid and the investment value decreases) and indeed if the price increases, then he will get a very big profit, but the risk is too big and I would never advise someone to take out a loan at a bank just to invest in cryptocurrency.
I never want to take loan just to invest in crypto,. I'm afraid what if the market will suddenly go down. It would be difficult for me to recover it, so it is risky to take loan. We can not predict the movement of the market sometimes it will go dump without a reason. Better to not take loan just use your extra money or your salary if you have a job at least 30%.
play with the money you can risk to loss.
making it stupid to take a loan and to invest into crypto.
for some it might work but not all of them,
risking your money on investment is already a gamble.
to think loaning money and risk? if it turns out to be a bad investment what will happen?
making it stupid to take a loan and to invest into crypto.
for some it might work but not all of them,
risking your money on investment is already a gamble.
to think loaning money and risk? if it turns out to be a bad investment what will happen?
I don't even think that could be profitable enough for people who have been using their money to invest in the crypto and then the market turns into the bearish market.
It's not about investing into the various business but you must be a smart person. In the speculation market and timing to enter in the market is very important.
When you are using loan to invest in crypto and you will have to pay doubled with the interest.
Why don't you see a profit on that? If you want to borrow money from a bank, maybe the interest you pay is around 10-20%. Meanwhile, if you invest in crypto there are several coins that even in just a few months can record 100% profit. So I guess there's nothing wrong with getting into debt. Now the problem is, do you dare to take the risk or not?
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