Not just risky but also dangerous. You don't want to be in a debt that you can't pay because you took a loan and invest it to something you're not sure if you are going to win or lose. Trading is a form of investment and if you are going to invest you don't want to use other peoples money because there's a chance that you will lose, just like in gambling you won't take loan just to place bet.
It's really risky move I think. Even if you are good in trading don't borrow from others, if you are a good trader and have small capital then trade it until it became a big money just like what you have said your friends is a good trader, a good trader can make $1000 > $10,000 but it's just a matter of time.
Topic: Taking loan to trade is a risky task - page 8. (Read 1008 times)
It's a very big risk when trading with borrowed capital, I did this a few years ago when I first got to know crypto, so many mistakes will happen if the capital used is not unused money, let alone using loan capital that is limited in time. there will be panic when the price drops so that it makes other mistakes, I do not recommend taking a loan to trade because the risk percentage is very high.
Study the market deliberately, can be 100% profit, then you can borrow money to invest. But don’t take too big a risk if you can’t predict what the market will do. If I can live with the consequences.
I always convince myself and also the people around me, never use a loan for Cryptocurrency trading. When you get a profit, you might be able to restore quickly. But when the contrary, you will be in a difficult situation multiply.
This is not a matter of wanting to get money quickly by borrowing. But about how we take the risk that is too high, especially if we are a beginner. This is not a good step.
Just use your free money where you don't need it at a close time to start trading. Because in the world of Crypto, there is no warranty, there is no prediction that is 100% right.
This is not a matter of wanting to get money quickly by borrowing. But about how we take the risk that is too high, especially if we are a beginner. This is not a good step.
Just use your free money where you don't need it at a close time to start trading. Because in the world of Crypto, there is no warranty, there is no prediction that is 100% right.
Taking a loan to trade is a very risky idea, many people had done this and they end up to losing. My advise is just start trading with a small amount of capital an amount that you can afford to loss that cannot burden your family. It is simply because in crypto trading we cannot really gain a stable profit and if we are going to take a loan there is a possibility that we cannot paid it on time and the interest may grow very quick bigger than our loan and we end up losing because of it.
I don't recommend to take a loan, this is too risky because we can be sure if we will win with trading specially on complicated situations.
Maybe having savings from your job, would be a best strategy to use, you could save your money diverted to crypto assets like xrp and bnb.
For a trader to borrow money to trade is not as bad as what we think of a trader is good at what he does, the getting a loan will be a good advise to maximize profits so that the loan can be paid back in due time. BMaybe having savings from your job, would be a best strategy to use, you could save your money diverted to crypto assets like xrp and bnb.
If a so call trader is not that good in trading then getting a loan will not be advisable because the money can be lost and lead to debt.
On this forum have loan using bitcoin or altcoin depend which one do you choose but you have really trusted account and minimum Full Member rank above, I see every day have new people try to make loan with payment fees about 3% until 5% depend how many day loan take. I think is not good to get loan with cryptocurrency and you need pay fees with higher percent.
Whenever you do take up some loan here on crypto space then expect that interest would really be higher whenever there would be some pumps on crypto market prices which is also part of the burden.As a lender then you would really took up the risk on for someone for you to grant up some loans and of course this is also a risky part for them.It is really just really that risk to make
use of loaned money in all sorts.Always invest on the amount that you could afford to lose because you would really be having a hard time if ever the market would turn out against you.
On this forum have loan using bitcoin or altcoin depend which one do you choose but you have really trusted account and minimum Full Member rank above, I see every day have new people try to make loan with payment fees about 3% until 5% depend how many day loan take. I think is not good to get loan with cryptocurrency and you need pay fees with higher percent.
The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.
I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
When someone is capable of trading and making profits then they are not going to be in a situation to take loans for their trading purpose, if not then they are taking risks which has high chance to become failure.I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
Any investment is risky. If you have the ability to repay, you can borrow money.
If you are capable of paying then just save the money and use it for your own investment rather than get a loan from someone. You might compromise the assurance of your paying capacity because your trade could lose.However, if you do not understand the project, it is not recommended to borrow money to invest.
Whether you also understand it. You have to look at the risk, any amount of risk should be considered by you before taking a loan or much better that you don't. 
The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.
That’s one thing to avoid. Borrowing money to trade in this market is a huge risk. You’re not only going to be worried about the fact that you’re losing the money, you’re also going to be worried that it is a money that doesn’t belong to you and you would have to pay it back. Of course, I have seen a few people who have taken this risk and were lucky, but majority of those that tried it lost their money, so it is a huge risk to take. Best thing for one to do is to raise the money by themselves and then invest it in trading. Owning the money you’re using for trade is the best thing you can do for yourself. 
The joy in trading is when the money which is been used to trade is owned by the trader.
This is correct and that should stop there. Never risk money that ain't truly yours. Never even have a thought of borrowing money just to tell yourself you can double it with investing or trading. I have been on that trouble before as I want to loan with banks. Some will say it's okay since banks will give a lot of chance to pay it in different methods but thankfully, I resisted the urge to do it and just worked harder to invest my own day job salary rather than a loan.
Being on a situation with thoughts on how to pay the loan is stressful, so how can you concentrate to successfully win a trade if you can't even think straight.
I suggest not to take a loan for trading. If you have good investment experience or methods, and you believe in yourself, you can take a loan for investment. If not, then reject the loan investment, the investment may fail, and the consequences must be considered.
Taking a loan to trade or invest will not suggestion, especially in this cryptocurrency, because we never know when our investment will increase and how long our coin will stay at a lower price.
It is too risky to invest in crypto using that borrowing money because we need to pay that money monthly while we do not know when to make a profit, even if you are a pro trader who can analyze better than the other trader.
But if you have another source of income and you are sure that you can pay the fee monthly, that will be up to you and hopefully, you can make a profit every day so you do not confuse to pay the fee.
But always think twice before you decide because that will be difficult if you do not know the risk.
It is too risky to invest in crypto using that borrowing money because we need to pay that money monthly while we do not know when to make a profit, even if you are a pro trader who can analyze better than the other trader.
But if you have another source of income and you are sure that you can pay the fee monthly, that will be up to you and hopefully, you can make a profit every day so you do not confuse to pay the fee.
But always think twice before you decide because that will be difficult if you do not know the risk.
Maybe when bitcoin up and take loan then happen like today will get much profit because bitcoin and altcoin price dump, but not guarantee with bitcoin and altcoin always dump. Better looking for other payment not using cryptocurrency for taking loan, when price pump you need to pay more than your money loan and added few as fees loan more than 5% until 10%.
I once took a loan to invest in crypto precisely Bitcoin having studied that the price had dipped coupled with some charting analysis and candlestick patterns though I knew it a bit risky should the price continue to dip absolutely it going to result to losses however the price reversed and I made some profit though I didn't trade with a high a leverage having know the high risk involved in that type of trading, however I feel relaxed and not under any pressure if using my personal funds for trading unlike taking a loan to trade
Loan transactions are very risky. The beginners of trading do not have enough trading knowledge and experience, and it is very difficult to make quick profits in the trading. If the transaction fails, you will bear the lost funds and borrowed money and you will lose more and more.
When you first start trading, you must trade within your own funds, and you must also learn trading knowledge and accumulate experience to reduce trading losses.
When you first start trading, you must trade within your own funds, and you must also learn trading knowledge and accumulate experience to reduce trading losses.
Trading on a borrowed currency is like tying a huge rope around once neck. It's very preferred if a trader losses his/her own trading capital because such wouldn't have to remit the loss to anyone but on a borrowed currency the trader would have to source for funds to pay back his loans and also would be under pressure while trading because the capital isn't theirs
It is not advisable for someone to borrow money. It is like borrowing money to gamble. If you're just going to put that at risk without any guaranteed return.
Please, don't do that and don't use others' money for it.
Because there is no guarantee.
Please, don't do that and don't use others' money for it.
Because there is no guarantee.
Borrowing or loaning just to have something to trade wouldn't be a smart idea. As for me, if a person wants to invest, then he needs to earn and save first so he would have enough funds to trade using his own money. Cryptocurrency is volatile and trading is like gambling where there's no assurance of a good profit so you could possibly lose your funds.
It's not always on the profit.
We've got more time of corrections too and that's really not ideal.
The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.
I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
You would really be having that feeling which would really be different since when you do make use of loan money then desperation would really comes in mind because you do really need to pay up for some interestI know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
unlike when you are using your own money from your pocket then you would definitely be not that pressured on doing so and thats really the difference when it comes to emotional aspect.
Taking a loan for the sake of investing on crypto or crypto trading is something that a certain someone musnt do because it is way too risky.
decisions because there's something behind that you do really need for you to trade well because you do have something to be paid on when due date comes which is totally bullshit kind of feeling if you do ask me because ive been put up on this kind of situation on where you dont have any choice but to be wise in regards to your trades or else you would really be fucked up in the end of the line.
The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.
I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
You would really be having that feeling which would really be different since when you do make use of loan money then desperation would really comes in mind because you do really need to pay up for some interestI know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
unlike when you are using your own money from your pocket then you would definitely be not that pressured on doing so and thats really the difference when it comes to emotional aspect.
Taking a loan for the sake of investing on crypto or crypto trading is something that a certain someone musnt do because it is way too risky.
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