Topic: Should you take loan(s) to invest in crypto? - page 9. (Read 2115 times)
Even though there are large loans, I will not invest in crypto instead I will invest in the business that I have, because if I invest in crypto I am committing suicide, crypto is very risky and if I cannot repay the loan ( experience a loss) would certainly stress me out
As fear and greed indexes are high, I would not recommend to take loan for crypto right now. As cryptocurrency price could instantly go down any minute (of course it could also go up, but we are pumped heavily already), because it looks that Bitcoin has run out of power and stopped its growth and you wont earn a lot. It might be wise to take a risk and buy crypto in Spring or Summer. Risking right now is not rational.
Taking huge risks just to get 2-5% profit is useless. Risk that the price would go down is much greater.
Taking huge risks just to get 2-5% profit is useless. Risk that the price would go down is much greater.
Taking a loan just to invest in crypto is a big risk to do. It doesn't give you a guaranteed profit. You're just hyped this time because you see it's pumping. But when market is going down you, I'm sure you never thought of getting a loan to buy crypto. And there's also a chance that you will pay the loan with your own money or salary if the market is not good at that time.
I won't do that, because of obvious reasons like the market being very volatile. Whenever you want to invest in something crypto or not make sure that it is disposable income. Crypto loans however may work out..?
I don't think loans are the right solution for investing in crypto. And those are not all great things to try. I think it's crazy to risk real data for a loan so I can invest. And we know that investing in crypto is very risky. It is very bad to risk real assets such as houses, cars and even borrowing. It would be better if we want to invest in crypto by looking for other ways such as taking quizzes or contests.
I don't know about you but taking a loan to invest in crypto definitely not a good idea, the risk of ending up not being able to pay back the loan you got is just too high, I won't advise anyone to try that cause investments are made with the money we can only afford to loose and not with a loan, where if the investment doesn't turn out well the loaner will be on your neck or even take over the property you gave as collateral just incase you're unable to pay back the loan, forget about what those Twitter influencers said it's totally crazy to use a loaned money to invest in crypto.
I always discourage people to borrow money just for the sake of investing in cryptos. Because it poses more risks in an event that you failed your gamble and you were now unable to pay the money. Just try to save some cash and use that for investing instead of borrowing money for the sake of getting cryptocurrencies. I always try to save money and I encourage you to do the same. Put your eggs in multiple baskets or income methods.
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?
Taking a loan out to invest in pretty much anything that can theoretically vanish is a terrible idea. You put your financial future on the line. Work more, spend less and put that into crypto. If its lost completely at least you won't owe anyone back that money.
Don't use borrowed money to invest in crypto if you don't want to get into trouble. There are so many instances that using borrowed
money to invest in crypto, end up having to sell their assets, because the coins they buy are dump. And they have to pay off the loan
money, some even borrow money from moneylenders with very high interest. Don't get into big trouble by using borrowed money as
capital for investing in crypto.
money to invest in crypto, end up having to sell their assets, because the coins they buy are dump. And they have to pay off the loan
money, some even borrow money from moneylenders with very high interest. Don't get into big trouble by using borrowed money as
capital for investing in crypto.
My opinion is that taking out a loan to make an investment is a stupid move.
Investing in cryptocurrency with debt is not that bad if the investors have a lot of knowledge and experience in the crypto field. In fact, it is quite promising. Because many people start investing in various businesses on a debt basis. If we talk about the risk of all investments are risky, and it depends on us whether we are risk takers or not.
im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .
loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
Having loans for useless things just like to buy luxury and unnecessary things are not good. But if the intention for this is for investment or to run a business as capital, that seems a beneficial and a good idea. However, investing in crypto is consists of high-risk in which having a loan just for this is quite not advisable, I recommend starting investing that won't compromise ourselves if ever we lose.loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
I hope that OP would listen to us, not eventually we are stopping you to commit loans but just giving you time as well to have some basis on your decision.
I think, I won't go with loan for investing in crypto. And looking from comments, I don't think I will suggest this to anyone either.
Better not, using borrowed funds to trade crypto is suicidal. the market doesn't always go your way. You've probably heard that people lose even when the market is in a bull. if you became one of those people, what would you do ?. how do you pay the loan when you lose?. better use the minimum funds, it doesn't matter even if you get a little profit. at least you don't mess with debt.
Consequences needs to understand more deeper, if you don't know how to work it out never to take this option. Loan only make you more
to suffer if you don't have any ideas from what you are dealing with, there are people who can deal with this but not everyone are good and
lucky enough to benefits from your loan money, most are suffering with one single mistake.
Loans need to be repaid, with interest. And investment in cryptocurrency is extremely risky, as we have seen many times in the past. What will happen in case you are taking a loan to invest in cryptocurrency, and the coin goes down by 80% all of a sudden (as happened in 2014-15, and in 2018)? You can't default on the loan repayments and in the end you will be forced to sell your investment at a massive loss.
My opinion is that taking out a loan to make an investment is a stupid move. If you manage to get an interest-free loan with repayment deferred for 4-5 years, then you can think about it. Else, it is a strict no-no for me.
My opinion is that taking out a loan to make an investment is a stupid move. If you manage to get an interest-free loan with repayment deferred for 4-5 years, then you can think about it. Else, it is a strict no-no for me.
Better not, using borrowed funds to trade crypto is suicidal. the market doesn't always go your way. You've probably heard that people lose even when the market is in a bull. if you became one of those people, what would you do ?. how do you pay the loan when you lose?. better use the minimum funds, it doesn't matter even if you get a little profit. at least you don't mess with debt.
im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .
loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
Having loans for useless things just like to buy luxury and unnecessary things are not good. But if the intention for this is for investment or to run a business as capital, that seems a beneficial and a good idea. However, investing in crypto is consists of high-risk in which having a loan just for this is quite not advisable, I recommend starting investing that won't compromise ourselves if ever we lose.loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
I hope that OP would listen to us, not eventually we are stopping you to commit loans but just giving you time as well to have some basis on your decision.
im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .
loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
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?
Someone is borrowed money to invest in crypto. It doesn't mean I should also buy. I have my own brain to research. So I will definitely understand the situation is what is going to be happened.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 don't think and support to take loan from bank to invest in cryptocurrency. I didn't involve in such things before. Yes, it is crazy. Because you have to pay more for taking loan.
The survey results show some investors take risky investment options in order to enter the cryptocurrency market by making loans.
We do not justify this if someone sacrifices their financial interests in order to own cryptocurrencies. Therefore, Investing in crypto
is like an uncertain investment instrument. We can’t always think that investing in crypto will always give a lot of money.
We do not justify this if someone sacrifices their financial interests in order to own cryptocurrencies. Therefore, Investing in crypto
is like an uncertain investment instrument. We can’t always think that investing in crypto will always give a lot of money.
If you take a loan and start investing in crypto, it is certainly very risky,
because it is not your money, we know that cryptocurrencies are very high risk, if you do not have profit from cryptocurrencies,
then you will have difficulty paying off the loan.
That is true. We see the crypto market is moving towards up high but that doesn't mean that you must be confident taking loans and doing so. because it is not your money, we know that cryptocurrencies are very high risk, if you do not have profit from cryptocurrencies,
then you will have difficulty paying off the loan.
It's a wrong strategy that you have in investing in cryptos. Take those experiences in the past on 2017 ATH when people took loans in the banks and probably sold houses and everything but ended up with the wrong strategy because the bear market came.
If you take a loan and start investing in crypto, it is certainly very risky,
because it is not your money, we know that cryptocurrencies are very high risk, if you do not have profit from cryptocurrencies,
then you will have difficulty paying off the loan.
because it is not your money, we know that cryptocurrencies are very high risk, if you do not have profit from cryptocurrencies,
then you will have difficulty paying off the loan.
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