Topic: Stupid money - page 3. (Read 1395 times)
A lot of beginners who only see money without seeing how to get it, and seeing that investment is always profitable regardless of the risk, until they dare to take a high risk such as borrowing from a bank, they should first study the cryptocurancy before they start.
Wow! This is such a great read. Borrowing money for an investment is usually not a good idea, should the investment flop, it leaves you in debt and subsequently worse off. ICO's also need to be more responsible, they need to include clauses like you've suggested so the potential investor is aware.
Of course, borrowing money is not a good idea, what it make it worst is that you invested on something that you don't have total control specially the risk factor. Now that the ICO turns out to be a scam, then your worst nightmare is realised. However, there's no one to blame for your failure but you. You didn't do your homework and probably just ride the hype and the next thing you know, the scammers disappears. That's why we always says that that you need to do your research and please don't used borrowed money. Its a expensive lessons to learn and its going to sting a bit.
Wow! This is such a great read. Borrowing money for an investment is usually not a good idea, should the investment flop, it leaves you in debt and subsequently worse off. ICO's also need to be more responsible, they need to include clauses like you've suggested so the potential investor is aware.
Very sad and I am sorry for him. Was it his first time investing. I don't think it is a good idea to borrow money for investment. Not in cryptos alone, but any aspect of investment. No one should try that.
Let the job seek a second or third and the family saves from the creditors. There is no way out, did the business answer for it.
It's not an exit, if you can invest money in ICO, that you cant loose, you will loose it again and again
Everyone has the right to dispose of their money as they want . Borrow of course stupid for this-but it's everyone's business . Someone more risky, someone less. We are all different, different thoughts and strategies
The stupidity of people is sometimes just fascinating. It's totally stupid to invest in projects you're not sure about, not really. and even if the credit - so it's up stupidity
Stupid money, stupid person. Forgive me for saying that, but I believe it's quite unreasonable for any one to invest money that was borrowed into a business that is as risky as cryptocurrency. Even with your own money, it is advised that you invest what you can afford to lose, preferably your spare money.
Many investors do not understand that the project may simply not be ready to be successful, and not just scammers . And credit money is absolutely impossible to invest anywhere-especially in what has the risk of loss . Unfortunately not all people understand this
there are times where unexpected happens especially in crypto where the risk is great. sometimes the end result is not the one we expect so we suffer from it. we will always hear in this forum to invest only what we can afford to lose. don't just think of profit think also the risk.
That is a foolish thing to do. Investing money borrowed from the bank? If you invest on such an ICO. You must be cautious on that action. Investing in an ICO is risky. You must invest what you want to lose. I totally agree on you sir. That was really a foolish thing. I feel bad for his wife. He should really find a decent job. Work hard for a day to pay for those debt on that bank.
Yeah right,only fool can make this stupid decisions,were in the world that you will make a loan without your wifes concent and will invest in an ico that everyone here knows risky.now hes a dead man if the wifes found this
Better find an extra job do it overtime to cover the banks loan or else you will loss your wife and maybe family
you think like a decent person
Few people that do projects, think about someone else's profits or other people's risks. only about their
but in general, those people that are not the first day familiar with the crypto currency, are aware of the potential risks
Few people that do projects, think about someone else's profits or other people's risks. only about their
but in general, those people that are not the first day familiar with the crypto currency, are aware of the potential risks
That is a foolish thing to do. Investing money borrowed from the bank? If you invest on such an ICO. You must be cautious on that action. Investing in an ICO is risky. You must invest what you want to lose. I totally agree on you sir. That was really a foolish thing. I feel bad for his wife. He should really find a decent job. Work hard for a day to pay for those debt on that bank.
The first rule is invest only what you can afford to loose, everyone knows this. If you grow greedy you should know better than borrowing. Frankly, this is a hard lesson to learn this way.
I don't understand these people who take out loans to invest in ICO.They are not aware of the risks that may occur.
The ICO is not a lottery game, because the lottery has a very low chance of winning, 10 million may be one person, and totally dependent on luck, and ICO venture capital is different. Get the information early, know how to analyze the evaluation of opportunities, the 3 failed projects just win one project only, the opportunity to become your billionaire is completely base.
I believe this is the most stupidity in the cryptocurrency field - to take credit from the bank and invest in little-known and unreliable ICO projects, which are all in most of these. Are these people so desperate that they are ready to put everyone at risk and ruin their lives? Of course I'm sorry for them, but these are their problems and we need to learn from their mistakes.
not wrong with your opinion, people should already know about the risks that occur when deciding to invest in an ICO. and investing all the money borrowed from a bank is stupid. I will never dare to do that.
Let the job seek a second or third and the family saves from the creditors. There is no way out, did the business answer for it.
This is not idiotism this is suicide. If you're borrow money and invest them to the ICO you should be ready to lose ALL your money! After that you need to take money cause if you won't do this bank will take your property. If you're investing your money all that you can lose is 100% but if you're borrow money you'll lose more than 100% .
I think when you're investing to the crypto you should remember one rule - no loans! This is rule number one.
thank for sharing this history. Unfortunately this is not just one story, there are a lot of stories like this on the market.
I think when you're investing to the crypto you should remember one rule - no loans! This is rule number one.
thank for sharing this history. Unfortunately this is not just one story, there are a lot of stories like this on the market.
Such situations will continue to happen and nothing can be done about it. There will always be scammers, you have to learn how to analyze projects yourself.
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