Hi. Really dont do it, its very reckless. As long as the market is bullish everything seems to be fine, but bears are waiting in the caves. Dont invest more money than you are willing to loose (look at confido).
Cheers
Topic: Taking a loan to invest in cryptocurrencies? - page 7. (Read 1726 times)
Dude, it's the worst idea ever. You are not taking into account the influence of obligations to your nervous and health. It would be very harmful for you. Plus there is no guarantee that you will be able to pay for your loan each month with profit from crypto.
Dont do it! If you can't afford to loose it don't invest it. If you take out a loan and the marked gets a correction, (wich is needed soon) what do you do then? You bought your BTC for 11k and its worth only 8k. with the intrest on the loan you will loose even more then the 3k pr BTC
This is a risky thing if you will invest for another investment like crypto its like a double bladed knife,just be careful
NO NO NO!!! Find a way to make money somewhere else. Sell your shit. Do whatever. Just don't take out a loan! But if you must, I would advise putting it into Ethereum because they are due to have a protocol upgrade soon and with the current drama around bitcoin forks, it is becoming increasingly more apparent that bitcoin is not a viable solution to the improvement of currencies but is instead a store of value such as, gold.
There is no point of denying this fact that taking loan is quite a risky thing to do but there is nothing to worry about. You can earn some handsome amount of money by investing in crypto and it will also help you in paying your debt. The thing which matters the most is your planning and the amount of knowledge you are having. If you are sure that you will be able to make out something good, only then go for taking loan.
No i don’t recommend to take a loan to invest in cryptocurrencies because we can’t predict about cryptocurrency prices. If you are a newer to this field , don’t think again about that. If you don’t have no money to invest start joining aidrops and bounty campaigns. You can earn money from them and invest that money.
Very risky and would not recommend. Never invest what you are willing to lose.
Suggest you think about it, after all, loans, investment risk is not large, generally every day and you will become very bad mood, need to worry about the effects of fluctuations in the price for you.
Please don't take any loans for crypto.
I think thats not a good idea. The incriminate in the rates of the coin won’t be as fast as the interest rate that you will have to pay for the bank or the loan. I mean you must recalculate everything based on that and have the perfect math and back up plans if something goes wrong in anyway. I mean look at the wavy patterns of the prices, things might reverse at anytime and you may loose money if something goes wrong.
Plus you can not just rely on the fact of holding the bitcoin and ether and watch them grow, but what if they did not. Then you must have back up plan to reinvest your bitcoin or Ethereum to any other ways of earning money. So just have some facts considered before proceeding for it.
Number one rules: don't play with money you don't own. Don't invest what you're not willing / can afford to lose.
Just don't. Even when you belief in your investment. You can fuck up yours and your family's life if something goes wrong. And there are many factors in the fintech world.
Even if the crypto market booms right now, it goes up and down. You'll have sleepless nights and hodling will be painful. When you cannot sleep at nights you're probably over invested. Nobody can tell you what to do, but I wouldn't borrow money to play with.
Work, earn money and invest wisely.
Just don't. Even when you belief in your investment. You can fuck up yours and your family's life if something goes wrong. And there are many factors in the fintech world.
Even if the crypto market booms right now, it goes up and down. You'll have sleepless nights and hodling will be painful. When you cannot sleep at nights you're probably over invested. Nobody can tell you what to do, but I wouldn't borrow money to play with.
Work, earn money and invest wisely.
Ask someone who can invest to your trading shit but never do loan,trading $2000 for starter is a good amount you can double or triple it when you know how to play the market.
DON'T DO THIS!
Imagine yourself not only in a situation, where your investments go to the moon. Imagine yourself what you do if it goes to half or a third or a 1/10 of your initial buy. What you do? Can you imagine yourself repaying your loan and having nothing to show? Think about it. Only invest what you can afford to loose.
Imagine yourself not only in a situation, where your investments go to the moon. Imagine yourself what you do if it goes to half or a third or a 1/10 of your initial buy. What you do? Can you imagine yourself repaying your loan and having nothing to show? Think about it. Only invest what you can afford to loose.
Brothers, need careful consideration, even if the currency is rising for a long time, often also drop, if fell down, it's hard to withstand, and will sell BTC (from the experience of a loan
)
)
Only invest/trade/gamble what you can afford to lose.
Don't take a loan to invest in crypto. It's easy to say "if i had invested that much at that time, I would have made that much etc.." but crypto are very risky investments and you can't predict the future.
I do recommend you start invest in crypto because I believe its the future but only invest your own money and not more than you can afford to lose.
I do recommend you start invest in crypto because I believe its the future but only invest your own money and not more than you can afford to lose.
No mate. You should never ever ever loan to buy crytocurrecies. Do other ways to earn some cash like having a stable job and use the money that you earn to buy Bitcoin. You could sell services here to earn some but don't loan at all.
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?
I would recommend against it. This is an extremely risky business, I would not recommend risking money which you do not actually have. What if the market tanks before you need to return your loan? What if we will end up seeing significant rise in currency value but these will be farther in the future? after you're loan expires?
Would you take a loan to go to a casino?
NO NO NO!!! Find a way to make money somewhere else. Sell your shit. Do whatever. Just don't take out a loan! But if you must, I would advise putting it into Ethereum because they are due to have a protocol upgrade soon and with the current drama around bitcoin forks, it is becoming increasingly more apparent that bitcoin is not a viable solution to the improvement of currencies but is instead a store of value such as, gold.
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?
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