You cannot eat your cake and have it

Malsetid

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Quote from: Bitcoin-Turkiye on March 25, 2019, 06:56:14 PM

The person with 200000 thousand dollars now has only $ 1000. this person is me Sad

I learned from my mistakes. I got into this market with all my money and now I'm on the poor.. in addition to this warning, I would like to say, Use stoploss!!

Don't worry bro you're not alone lol. A lot if people have been too eager to make easy money the last time there was a bull run, without even thinking about their actions. I can say i'm with you in making that mistake. Thank goodness for stoploss. But yeah, i think people have already learned their lessons then.

HatakeKakashi

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There is no need for them to use their property as colateral to invest it to the bitcoin and other investing all their savings in the crypto. That way is not good and maybe it will become worst your situation right now because the bedt you gonna do is to buy more coins yes that is good but make sure the money that use is only the money who are the extra or use maybe 20% of your life savings to invest to crypto but not all.

Bitcoin-Turkiye

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The person with 200000 thousand dollars now has only $ 1000. this person is me Sad

I learned from my mistakes. I got into this market with all my money and now I'm on the poor.. in addition to this warning, I would like to say, Use stoploss!!

xnxxyz

newbie

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It depends on several factors.
If you are investing borrowed money at a time where the price is going to be really good and the predictions have a 90%+ chance of being accurate then yes, you can.
But just thinking that Cryptocurrency is just going to make you alot of money with some time will lead you to lose a lot of money ,time and relations.
So start small, get acquainted with the pace and then decide to do something big.

Fredomago

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Quote from: Greed Dev on March 25, 2019, 05:55:37 AM

that is a special principle in investment. because if you invest all your money or even borrow money from others, you won't have the best state to follow the plan.
that's why many investors are impatient and want to sell off.

That's the problem your mindset will not be free deciding for your fate as you need to consider things since it's your savings or a lend money
that you need to protect, seeing downfall can lead you just to panic sell thinking to avoid bigger loses to take.

poptok1

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Bobby Fischer was right

Quote from: Ezenwanyi on March 25, 2019, 05:56:16 AM

Even as I am typing this, I know a lady who wants to borrow to buy into the IEO that kucoin plans laughing on it's platform.
I do not see it as a wise thing to do considering the volatile nature of cryptocurrency which makes investment risky.
And again, diversification of investment should be the trend instead of investing only on one coin.

And don't you feel somehow obligated to warn her of her possibly harmful way?
People can surely be unaware of this simple truth expressed in the OP. Maybe on some unconscious level they can realise the truth but vision of easy riches may blind them to the fact of a great risk involved. For those who know the market and how it works, it's so obvious that they forget how messy and fast world of today is. I would at least make sure she knows what is on the scales.

Ezenwanyi

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Even as I am typing this, I know a lady who wants to borrow to buy into the IEO that kucoin plans laughing on it's platform.
I do not see it as a wise thing to do considering the volatile nature of cryptocurrency which makes investment risky.
And again, diversification of investment should be the trend instead of investing only on one coin.

Greed Dev

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that is a special principle in investment. because if you invest all your money or even borrow money from others, you won't have the best state to follow the plan.
that's why many investors are impatient and want to sell off.

jakezyrus

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Quote from: fasdorcas on March 25, 2019, 04:05:50 AM

Quote from: maxreish on March 23, 2019, 11:28:55 AM

Everyone wants to earn here. But not everyone knows how to have a money management in terms of investing in cryptocurrency. Borrowing money is really not the right thing to do. You are risking the money that you only borrowed with unsure of giving it back intact. If we are just be wise how to use money while trading or investing, we can still reach our goals in life.

Yep you're right man. Borrowing money to invest in cryptocurrency is a very wrong thing for anyone to do and its a huge risk. You're investing that money without knowing if you're going to. From it or not, they just assume they are going to earn profit, which is wrong. Even if you had your own money, you should also be careful with it. Just invest what you can afford to lose, in case you happen to lose it.

its not wrong to borrow to invest as long as you are going to repay the lender on time . whats wrong is that borrowing money from someone else and then defaulting them .

borrowing money and investing it in crypto is more better than borrowing money then using it to play gambling because we all know that gambling is more riskier than cryptos but high risk means more rewards as they say . so yes thats always the case that happens from a borrower .

fasdorcas

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Quote from: maxreish on March 23, 2019, 11:28:55 AM

Everyone wants to earn here. But not everyone knows how to have a money management in terms of investing in cryptocurrency. Borrowing money is really not the right thing to do. You are risking the money that you only borrowed with unsure of giving it back intact. If we are just be wise how to use money while trading or investing, we can still reach our goals in life.

Yep you're right man. Borrowing money to invest in cryptocurrency is a very wrong thing for anyone to do and its a huge risk. You're investing that money without knowing if you're going to. From it or not, they just assume they are going to earn profit, which is wrong. Even if you had your own money, you should also be careful with it. Just invest what you can afford to lose, in case you happen to lose it.

I think those people all do that because of what they were all told. Some people see cryptocurrency, especially Bitcoin, as a place for making quick money. I have seen a lot of people here calling Bitcoin free money and I just ask myself when did Bitcoin turn to free money? So, it's due to their thinking and based on what they were told by their friends. So they just want to get in and make quick money and then quit, but unfortunately for them it doesn't work like that.

karanggatak

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Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

yes you are right some people think that crypto is a fast way to get rich. this is a false statement. Cryptocurrency is an alternative financial system and can also be used as an investment and trading tool. we must know that every investment has a risk. investment in the crypto market not only requires courage but also the ability to analyze the market and patience when the market is bearish. so you have to do research before deciding to invest in cryptocurrency. and don't spend savings on crypto. invest as much as you can to lose.

daarul50

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Quote from: beckspace on March 24, 2019, 12:06:17 PM

When people make an investment, they want to collect the fruits of it immediately. However, most of time this goal doesn't work in the crypto market . Money used for investment, If it is not necessary for an urgent payment, it is sufficient to wait for the good results of the investment in pleasant way.

Usually people who want to get results faster than their investments are beginners where they still think that bitcoin is an instant way to get rich, even though that thought is not true. Crypto investment is potentially very strategic, we also have to think about the risks. So, don't use all your money to invest in crypto and don't use crypto money before you really make a profit and that needs patience.

beckspace

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When people make an investment, they want to collect the fruits of it immediately. However, most of time this goal doesn't work in the crypto market . Money used for investment, If it is not necessary for an urgent payment, it is sufficient to wait for the good results of the investment in pleasant way.

aimata27

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Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Only the stupid ones who borrow money or use their other assets as collateral just to invest on an altcoin on this bearish market. People should know that they should only invest on what they only can afford to lose.

goaldigger

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Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

The risk is always there when there are an opportunity like investing in cryptocurrency and gambling. If you want to earn more, invest only on your extra money because you will get more negatives if you will rely on that. It requires a lot of time and patience and people need circulating money to live.

TheCoinGrabber

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Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Maybe they did considered and thought it was worth the risk? People have varying levels of risk tolerance after all. These are sort of people that if they win, it's really great but their failures are also very disastrous.

FlightyPouch

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They should really know the stakes of what they are going to enter. Investments have its own risks and it would not be called an investment if there is no risk at all, it should be called easy money but we all know there is such thing as that unless you commit a crime. It is true that a lot of investors of Bitcoin made their fortune but not all of them and also they know what they are doing.

nur rochid

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Quote from: yslyv on March 24, 2019, 04:29:51 AM

it is definetely correct. especially for crypto market. market is as low as 10 times comparing with end of 2017. so the ones that invested that time lost so much money already. a very risky market for sure.

but this is the reality, and of course for those who invest at that time must have knowledge about risks, so they are not surprised. indeed such conditions are very difficult, but with self-control, the market will definitely return to its original place

yslyv

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it is definetely correct. especially for crypto market. market is as low as 10 times comparing with end of 2017. so the ones that invested that time lost so much money already. a very risky market for sure.

gowobonyok

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step by step is more effective for getting into the crypto world. like I did, I did know about trading and investment but I didn't have enough money. then the first step is to learn to follow the bounty, and the rewards I use for investment, it will be more effective.

Topic: You cannot eat your cake and have it (Read 1614 times)