Topic: Taking a loan to invest in cryptocurrencies? - page 2. (Read 1726 times)
No, your idea is clearly dangerous, and you'll be in a very passive position if there's any negative news about bitcoin.
I am considering taking a loan to buy btc and eth, is it a good idea? Because btc and eth always go up in long term. They never die. There seems to be a great chance of getting huge profit instead of losing money. A few years ago somebody in this forum asked others the same question and everyone told him not to do that, look at the price now. If that guy did, he would have been rich now. Nowadays the situation is not different, the price will continue to go up. I think people who invest more will earn more profit eventually. What do you think?
Most people here will say that its not good move but for me, its fineMany businesses are still in a loan as of now but they are still earning because the profits is bigger than the interest of the loan. Me too have faith that bitcoin and altcoins will still grow because the market is still raw.
Taking loan for crypto Investment is not my kind of idea because the loan has interest and duration of payment. If the bitcoin increase do not go your way within that duration then you are finished. It;s a very risky business. Look before you leap.
Don't take a loan in order to just invest in the cryptocurrencies because one of the rule in investing into cryptocurrencies is to invest what you can only afford to lose and if you will not do that then you could possibly lose money in your investment and it will be like a double loss since you just get your money from a loan.
Guess we are all afraid of losing money, it's good to recall why you didn't buy like months ago that could make you rich NOW. But that's just isn't helpful when you are truly making decisions on your trades, becoming hesitant often happens to me if I looking too much backwards, maybe you could start up small and looking for better entries after getting your loans, like 50% in USDT and finding multiple entries to your target ETH/BTC slowly over days/months. That's what i could suggest if you trying to make big plays in cryptoworld through ... loans 
You shouldn't boi unless you have legit insider news that indicate some movements on a particular crypto, don't take loans to invest crypto-currencies as they are too risky for anyone to handle, a $50,000 loan might just be $20,000 in days if you aren't careful, assuming you have a job and wouldn't be 100% focus on cryptocurrency don't do that, even it does try to borrow funds that you could pay off easily.
BUT, investing Ethereum is more safe that bitcoin, i MIGHT do the same thing but just for safe plays.
BUT, investing Ethereum is more safe that bitcoin, i MIGHT do the same thing but just for safe plays.
For investment you should never take out loans - this is a very big risk! Even if the temptation is high, don't do it! Learn from the mistakes of others! I took out a loan for one project and still pay for it! Better to start with smaller amounts and develop. Invest only that you are not afraid to lose
Investments are always risky no matter what anyone is saying. I would advice against taking out a loan to invest in volatile crypto's.
A little bad luck is all it takes.
A little bad luck is all it takes.
IF you take out a loan and the marked gets a correction so don't do it.it the worst idea ever because we can't predict crypto currency prices if you are newer to this field don't think again about that
I am considering taking a loan to buy btc and eth, is it a good idea? Because btc and eth always go up in long term.
Awgh.. This is playing extremely risky! I would never do something like that. You know the most important rule in crypto: Only invest what you can afford to lose. In your case, you can't afford to lose money from a loan as it is not your money.
This is the worse thing you can possibly do. This crypto world is completely unpredictable. Bitcoin in the past has already corrected losing up to 90% if its price - and it did it several times. You con't want to do that.
IMO don't take a loan to invest in BTC or ETH. what if it tanks or doesn't make enough profit to repay the loans? i would advise to invest time into Bounties and earn that way then you can use from that to potentially invest in other ventures long term. and with bounties the only thing it cost is a little bit of your time.
if you have calculated everything, you can take a loan...the few can afford to invest their savings...and the few have such savings...and if you consider this as your business, then the loan can be a good start...but you need to calculate everything and not be guided by emotions
Never take a loan to do this. Remember you have to pay it all back. What if it simply crashes hard
I am considering taking a loan to buy btc and eth, is it a good idea? Because btc and eth always go up in long term. They never die. There seems to be a great chance of getting huge profit instead of losing money. A few years ago somebody in this forum asked others the same question and everyone told him not to do that, look at the price now. If that guy did, he would have been rich now. Nowadays the situation is not different, the price will continue to go up. I think people who invest more will earn more profit eventually. What do you think?
In fact, the idea is not bad, but anything can happen, and you should have another opportunity to pay off the loan .. In any case, take a loan with good conditions
I of were you my friend not i will never do it because doing it has a very HIGH RISK especially when you are a newbie and also do other things to ear invest in well knowed altcoin or maybe bitcoin becuase in this way your are sure and know what you are doing and also you can ask your friend if you are having a hard time
High risk, my personal opinion is you should never invest money you can't lose.
It is risky to take up a loan to invest. You should invest with your spare money to avoid unnecessary stress and trouble in case if the investment doesn't work out as expected.
It is risky to take up a loan to invest. You should invest with your spare money to avoid unnecessary stress and trouble in case if the investment doesn't work out as expected.
The first rule of cryptocurrency you do not invest what you can't afford to lose. The second rule of cryptocurrency is you DO NOT invest what you can not afford to lose. Can you afford to lose a loan? I don't think so
I would invest what you can, not riddle yourself with debt. I have seen some people pull this off, but it is very risky.
Thats the last time i will do,taking a loan for crypto has a lot more risky than loaning money for a business,crypto market is very volatile you can lose your money faster than trading in stocks or forex.
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