What's your advisable source of capital to use for trading.

Tungsten-1

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Quote from: Finestream on August 01, 2019, 01:45:26 PM

Quote from: vintages on August 01, 2019, 12:57:04 PM

I won't even think of borrowing to trade in cryptocurrency.
I have been in a situation where I borrowed and I always constantly in thoughts of how to repay back that loan cause I hate owning. The experience is really not encouraging.
It is best I trade with my money than trade with borrowed funds because the market is sometimes unpredictable. You can still be determined when trading even with your funds; the thoughts of losing your hard earned money will keep you determined to gaining it back. With borrowed funds, it's more like pressure for me.

Definitely.Trading with borrowed funds can only give us more stress and pressures because you should always make sure that your trading should be profitable so that you can pay back your loan.The worst thing is that you start trading when the market price suddenly crashes down so it will require much of your strategies to still end up making profits even if the market price turns into negative.

You could apply this strategy only when the market is super bullish. Trading with any money be it borrowed only then makes sense. It is however not suggested at all to trade with borrowed money. You should have your own funds for it from your savings and that too should go into the best coin or asset’s trading. You can experiment once you have enough funds.

fauzan Ichsan

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Quote from: Distinctin on August 02, 2019, 01:23:56 AM

Quote from: Dreamchaser21 on August 01, 2019, 06:46:10 PM

I used my savings account as my capital instead of borrowing money and paying big interest. If you also have savings on your banks, better to use it and let it grow with your investments. Banks can’t give high interest higher than what crypto investment can give to you.

That's a good idea but you should not risk all your money, savings have allocation and you just allocate a certain amount fro trading from your total savings. This is because trading is risky, and no assurance you will be successful, also, I agree that borrowing money to start trading is a stupid idea, you can't be too confident when you haven't proven yourself that you have a great chance to be profitable.

I suggest not borrowing money as capital, let alone we beginners in cryptocurrency trading, as well as gambling. unless you are a pro trader, and use a bank loan to increase capital, with certain strategies of course

Distinctin

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Quote from: Dreamchaser21 on August 01, 2019, 06:46:10 PM

I used my savings account as my capital instead of borrowing money and paying big interest. If you also have savings on your banks, better to use it and let it grow with your investments. Banks can’t give high interest higher than what crypto investment can give to you.

That's a good idea but you should not risk all your money, savings have allocation and you just allocate a certain amount fro trading from your total savings. This is because trading is risky, and no assurance you will be successful, also, I agree that borrowing money to start trading is a stupid idea, you can't be too confident when you haven't proven yourself that you have a great chance to be profitable.

Dreamchaser21

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I used my savings account as my capital instead of borrowing money and paying big interest. If you also have savings on your banks, better to use it and let it grow with your investments. Banks can’t give high interest higher than what crypto investment can give to you.

Finestream

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Quote from: vintages on August 01, 2019, 12:57:04 PM

I won't even think of borrowing to trade in cryptocurrency.
I have been in a situation where I borrowed and I always constantly in thoughts of how to repay back that loan cause I hate owning. The experience is really not encouraging.
It is best I trade with my money than trade with borrowed funds because the market is sometimes unpredictable. You can still be determined when trading even with your funds; the thoughts of losing your hard earned money will keep you determined to gaining it back. With borrowed funds, it's more like pressure for me.

Definitely.Trading with borrowed funds can only give us more stress and pressures because you should always make sure that your trading should be profitable so that you can pay back your loan.The worst thing is that you start trading when the market price suddenly crashes down so it will require much of your strategies to still end up making profits even if the market price turns into negative.

CryptopreneurBrainboss

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Quote from: el kaka22 on August 02, 2019, 01:01:18 PM

You're taking a big risk by putting a borrowed money into crypto. Forget about whatever energy you claim to be having, it's just that luck is on your side. Imagine that you lose that money, then what are you going to do? Start bothering yourself on how to pay back a money that you lost? You Better start making use of you own money.

The thread isn't about you advising me, the truth is, I don't bite more than I can chew. The loan isn't because I'm broke or anything related, most people think because everyone is doing something in a specific way, it mandate every other person to do the same. We have some individual that are at their best when under pressure but they fail to utilize that energy since they go along with the crowd and do what ever everyone else is doing. Some traders trade with their personal fund and still end up at loss but they will never know if something's else who had worked because they failed to risk trying.

Bezobraznike

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Quote from: el kaka22 on August 02, 2019, 01:01:18 PM

If I advise you to try to make use of the same energy when it does to trading with your own money.
I am not the kind of person that likes to borrow money for whatever I'm doing, I prefer to do it with my own money and know that I am not owing anybody than borrowing and being worried about what might happen if I lose it.

You're taking a big risk by putting a borrowed money into crypto. Forget about whatever energy you claim to be having, it's just that luck is on your side. Imagine that you lose that money, then what are you going to do? Start bothering yourself on how to pay back a money that you lost? You Better start making use of you own money.

Many people make huge mistake when they borrow money for investing. I wouldn`t make a difference here in what someone invest, every investment has risks,
doing that with borrowed money is double the risk. Borrowing money should be the last option!
Learn to earn money! Money is everywhere around, you just need to learn how to collect it. Today anyone can earn some money in many ways and have some
starting capital. What I learned in my life on my own example and watching others is that we respect the money more if we earned it on hard way. Easy money
is easily spent, but when you earn it in a hard way you respect it much more!

el kaka22

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If I advise you to try to make use of the same energy when it does to trading with your own money.
I am not the kind of person that likes to borrow money for whatever I'm doing, I prefer to do it with my own money and know that I am not owing anybody than borrowing and being worried about what might happen if I lose it.

You're taking a big risk by putting a borrowed money into crypto. Forget about whatever energy you claim to be having, it's just that luck is on your side. Imagine that you lose that money, then what are you going to do? Start bothering yourself on how to pay back a money that you lost? You Better start making use of you own money.

bering

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There is no other way indeed if you have no money to increase your initial capital of money to trading unless you borrowing money which is very risky because if you lost and run out the money then you have to pay your debt but based on my experience i was never borrowing money as my capital trading and all of it i get from my salary works and from signature campaign payment

pixie85

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I don't trade with borrowed money and always tell people not to do it. It's not only more stressful but also can get you in trouble. What would you say if an exchange owner played with your money and lost and you couldn't withdraw and had to wait for him to earn back? What will the lender say when you lose his money? How will you pay it back?

If you want more risk and more reward trade with leverage but with your own money.

vintages

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I won't even think of borrowing to trade in cryptocurrency.
I have been in a situation where I borrowed and I always constantly in thoughts of how to repay back that loan cause I hate owning. The experience is really not encouraging.
It is best I trade with my money than trade with borrowed funds because the market is sometimes unpredictable. You can still be determined when trading even with your funds; the thoughts of losing your hard earned money will keep you determined to gaining it back. With borrowed funds, it's more like pressure for me.

sana54210

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especially large capital obtained through loans will certainly be a heavy burden. but the positive side is that we will not be able to play in the trade, because must be succeed disini. different from capital that comes from savings, sometimes making people tend not to be serious in this business

It is money we are talking about here, and I doubt if there is anyone that wants to joke with his money irrespective of the source it is coming from, how can someone save for so long after he must have suffered for it, and you think he will just dump it in the market with caring or getting serious about it.

The only source of capital that should even be encourage and recognized for trading and investment in cryptocurrency should strictly be savings, because anything out of savings Is simply at the risk of such investors. Savings can still be controlled, when you lose your investment that come through savings, you will worry less than losing loan. In fact loan investment can even make such trader to omit suicide if he cannot pay back again.

erikalui

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Being in debt for trading is the worst thing as the income is not guaranteed and plus you need to repay it soon with interest. I used to trade in 2017-18 and in May 2019 when the market conditions were good and it was mainly in altcoins and BTC/ETH pair. I not only traded on crypto exchanges but on Forex too which had a stop loss option and all the investment was either the money I earned from the forex as a free deposit or was from the profit earned. I noticed I was more comfortable trading with the money given by the forex as a bonus even though I made losses of about $50 but I was able to easily recover it when BTC/ETH pair started fluctuating a lot. I barely trade on crypto as there is no bonus at all and plus their withdrawal fee is ridiculous.

Capital investment should always be your own money whether it is as small as 0.01. Never to use it for gambling/trading.

nydiacaskey01

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I don't think its a good idea ti borrow your capital just to trade. Imagine what will happen if all of a suden the price of the coin that you bought dropped and its about time that you have to pay up. Even if its a long term loan like 1 year payable in installments. I know some people who used their credit limit to borrow and buy Bitcoins when its on a bull run.

BitHodler

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Quote from: joniboini on July 27, 2019, 06:22:59 AM

Holding should never be the goal if you're trading because that's for investing in a long term imo. If you're trading, whether it's swing trading or day trading, you should always aim for profits and tolerance of loss up to some point, and never resort to holding when you fail.

I have done that quite frequently when I was still trading, and it actually worked out well. I know it's definitely not something you should do as rational trader, but in my case as a hodler I can't really go wrong doing so.

Before the $6000 mark broke last year I bought spot purely to flip it for a profit higher, but the trade itself didn't works out well. I decided not to sell at a loss but hodl instead, which at current levels has offered a great entry point.

Looking at how most traders react to a change in market dynamics, they have no problems taking a hit to ride newly formed trend. Get rich quick noobs have no problems selling either because they always sell when the price dumps.

Mahanton

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Quote from: Bitcoin Seller on July 31, 2019, 02:52:46 PM

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IMO trading in the volatile market with borrowed money is not correct. I do not know what you think about it, but I always try to trade my own money. Maybe the amount is small, but it is better than paying someone interest. Conversely, you can make your money 2x-3x with borrowed money, that is up to you.

Borrowing money is the last thing which I will agree to do but only in a case when I will need this money for something that will help life. Investments are another pair of shoes: here you invest somebody's money and returns yours. There is a high risk to lose everything and get a huge debt, starting to work only to return everything that you decided to lend.

As a last resort i would definitely consider this option but it wont really be necessary yet you know the risk on falling into debt is real which makes more the situation more harder for you.Better to trade off into the amount which you do earn first even on small chips yet you are still on a trial or test phase and if you do see that you would need to borrow money for some bankroll or capital add up then thats the time but make it sure that you would able to repay.

Bitcoin Seller

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IMO trading in the volatile market with borrowed money is not correct. I do not know what you think about it, but I always try to trade my own money. Maybe the amount is small, but it is better than paying someone interest. Conversely, you can make your money 2x-3x with borrowed money, that is up to you.

Borrowing money is the last thing which I will agree to do but only in a case when I will need this money for something that will help life. Investments are another pair of shoes: here you invest somebody's money and returns yours. There is a high risk to lose everything and get a huge debt, starting to work only to return everything that you decided to lend.

zinjo

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I believe that to gain experience you have to trade your personal capital. Only after you are confident in your abilities, you can try to trade borrowed funds. Because in this case it is impossible to make mistakes and this method can be tried only to get new sensations from trading.

These are all always follow the most traders, at the same time traders comes under the stock market so they have good experience experience in trading platform. But crypto trading is little different from normal trading so I earn 50 percent profit on suddenly then some tokens and altcoins are most complicated investment and huge profit investment. I always set the satisfy percentage of trading so automatically it will make some profit.

ethereumhunter

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When you decide to start trading by borrowing money from other people, you should think about how you will going to pay that money. And if you cannot make a profit from trading, then you will be in trouble because your money will reduce and you will get a loss in trading. But that will not be a problem if you have skills so you can try to make a profit from trading so you can pay back the money. Although you have skills, it still difficult to make money if the market situations are not good to trade.

ufaiz50

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I never traded using capital from loan, I think if you use the capital from the loan, it means your burden is heavier, indeed the motivation to generate profits will be high, but for those who fail and cannot bear the burden of loan, it will be very frustrating, this the experience of my friend even felt like suicide because of his debt. In my opinion it's better to use your own income capital, while for motivation you can build your goals so that it can inspire you to do your best.

Topic: What's your advisable source of capital to use for trading. (Read 693 times)