Bitcoin Forum

Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations ???

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

According your explanation, it's not because of they getting loan to invest in altcoins... Buy they decided to invest when FOMO and not learn what they invest for. Knowledge is the most powerful while you want to start invest, you shouldn't only following the analysts prediction. Not all analysts is expert and know about cryptocurrency. Most of them is only shilling their project/service.

Yea FOMO is the real reason they invest but what OP is trying to say here is it's wrong borrowing money to invest or trade altcoins, even if the projects are good many are still in losses, for example what about those who borrow money to invest in ethereum when price was at 1400$??? They still remain in losses till today isn't it?

unfortunately it's a common theme that bagholders shill projects, especially if they bought at an ATH. Borrowing money to invest in crypto is a very risky gamble and potentially a disaster!

You've only got to look through the discussion and speculation threads to see the same names popping up trying to persuade people to invest in either dubious or low cap coins.

For example there are so many threads promoting blocknet by the same half dozen members when it has a daily trading volume of around $15K.

I would hazard a guess that they all invested a significant amount of money in the project and are desperate to recoup their losses by encouraging newbies to buy their buy orders.

Just my 2 cents :)

It is usual saying that "Only invest what you can afford to lose." That's true all the time. Taking money for trading is a a shit idea and no one should do such stuff. The market is huge volatile and can damage your portfolio within couple of hours while it may take months/years to recover the loss.

This is the problem with new comers in crypto wherein they are thinking that they can earn right and then, it is not all about that, it is about patience and choosing the right investment, honestly, when I was starting, yes, I even got debt, ask someone for money so I could invest not knowing that it is just a FOMO and it was a bad experience but good lesson for me.

If you really want to invest in crypto don't ever use loan money save money then use the money you save to invest .

I know a persons who's in depth  right now because of too much trust he gave in crypto by loaning around 20k$ and jnvest it into crypto. I don't know if he already paid it but I heard that even his small business  already bankrupt and its hard for them to pay that loan in short time since he don't have any other resources to use to pay the loan he have.

I don't see any mention of fomo in op post, I think what he meant is the general investment perception about crypto being the fastest means of making money, some people will go take  a loan because they hear some people make good money out of it,
You can lose money in crypto either way, fomo or not, ones that investment is fake you are bound to lose money even if you buy from bottom.

Borrowing money will not be a problem if you are sure you can pay back the money or you have another income that you can use to pay that money. But if you don't have anything, then that will not be advisable because you will not be able to pay the money. That will work with all things, and not just for the crypto investment because we need to earn money, not to borrow money to earn money. You should know the risk of borrowing money, so you will think twice before you borrow the money.

True! Many people still think that the cryptocurrency market is a market that they can get "easy money" from. Though, reality hits when they lost some of their capital and also hope in this market. At that time, they'll feel extremely desperate about all the myths. For new traders, don't bring too many expectations when you come to this world, otherwise, you'll be disappointed by your own thoughts!

Initially until somebody has good knowledge what they are doing and in what they are investing it then nobody should be doing it and not with taking loan. Once people know and have gained the idea then they can start doing it and even with the help of loan. try to minimize the loan as much as possible unless the need be otherwise.

That's why many bookmakers are still going strong. Newbie mentality just thinks that making money in this market is very easy and there are many things that can make money. but they do not know that behind it are calculations that are available and all must be lost. I used to be like this and now I realize this market is full of traps. Be alert and only make money at Bitcointalk or trade at big exchanges. Do not participate in any funds that can bring in passive returns, 99% of which are fraudulent funds.

high risk, the profit is also very large, so someone takes the risk to get a big profit in the world of crypto, it is not wrong to look for a loan as long as our investment is clear and can also get a bigger profit, but if in doubt and also not ready to take the risk it's better not.

Not only in investments that can be frustrating using loan money, but gambling also often happens. But I want to focus also on this topic, I myself do not know much about investment trading. I know it is indeed very high risk, and if you start investing and trading with borrowed money. Then it's really not a good thing in my opinion.

One more thing that newbies often encounter is that they believe the trading signals in telegram groups. most of these signals are fraudulent and it works with margin exchanges to manipulate traders. especially the fomo news of celebrities like McAfee, Justin Sun or CZ. They often tweet positive posts to entice new people to buy bitcoin. after that they will sell off and sell at a high price. Here are the tricks that newbies need to know to avoid big traps.

Yeah, agree! Borrowing money to invest is not an unusual thing in business. However, you should only risk the loan to invest in something that you know well about and you're sure that it gonna gives you some profit! Same as that when you join in the cryptocurrency market, if you confident in the knowledge and the information that you gathered and you're ready to invest, then you can go ahead and ask for a loan! Otherwise, don't do it if you don't wanna be bankrupt!

Then that person should be ready to pay debt for the rest of his or her life, do you know how peaceful it is when you lose your money compare to losing someone else money??? Taking loan to invest in crypto is digging an early grave.

I've lost over 4000$ in crypto this year so far because the Altcoin I put money on end up losing value, I wasn't happy about it whenever I think about this but my mind seem calm because it's my money, what do you think will happen if is someone's money? That will make me more unhappy, imbalance, and unrest, try as much as possible to stay away from debt

This is their preference. There are some platform offeringloans and the next thing they wanted to do is out of our hands actually.

If they wanna get loan money and invest it on a new project is not a good move actually but we should also take their decision based on their judgment.

What if they invested on certain project and suddenly pump? They can pay now the loan with interest plus profits. But this is rare situation and only few would risk getting loan and risk it for investment.

How can you say that? OP has clearly said it

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This is why you need to avoid altcoins since 99% altcoins is only fake/scam project. You need to take further research and detailed analysis to know what altcoin is real, good, and valuable. If you don't have times to do it, my advice is only invest on BTCitcoin.

This is a situation that should apply to every aspect of man, Be it gambling, crypto currency investment, or forex or any type of trading.
You cannot borrow or start up with a loan, it keeps you anxious and desperate to earn your profits, and leads to so many losses.

Also, you do not have to force your opinion, all you need is to suggest, and give reasons why newbies should listen to your word.

That is sadly the truth and the whole of it. Be it in crypto space or the world out there, any investment one is engaging in should be carried out with utmost carefulness to avoid regrets, and this must start with investing what one can afford to lose. The crypto space is volatile and will be wrong for someone to borrow to trade or to invest. Also, from another perspective even when one is investing his spare money he should endeavour to study the projects well to be sure he is investing in the right thing.

Loan or borrowing money to invest in crypto is not a problem. Just like you go to the bank to take a loan but for open business. If you take a loan or borrowing money and decide to invest in Bitcoin when it at $5000 or Ethereum at near $100, you could have x2 them right now. See, not so bad at all right?

The problem is when the borrowers were using it to speculate the coin. This is not a recommended thing to do consider about the borrowers can lose their money instantly even a few seconds.
It's so bad dude. 

But thats not always the case. Its good if you invest in the right time but what if you invest then the price suddenly decrease since market is unpredictable anything can happen. It takes time before you can recover what you have lost and patience is necessary. The problem is when you already need to pay your debt then the market is not doing well yet. Thats why its better to use your own money so incase something went wrong or not go as planned you dont have to worry because you use your own money and no responsibility of paying back someone.

Altcoins are mostly good at the earlier stage of their launch or life, if I have to invest in any altcoin it will be for a short term, many altcoins are 70-90% down from their ATH and till this day they haven't recover, I will rather get loan for Bitcoin and that's even if Bitcoin hit 3000$ again but not all altcoin, it's really suicide

The big mistake you are gonna make is when you borrow money and you already expected a profit, and you don't think of the risk that you might also lose.
In investing, you need to be realistic and that means you need to open your eyes on the risk not only the reward.

Borrowing money is not bad, a lot of investors or businessman borrow money and risk because they believe on their capacity to grow it, but if they fail, they has to make sure they can still pay because you can't make an excuse that you can't pay because you lose your investment.

risk/reward ratio is one of most important ratios in investment strategy, would add also risk compared to whole portfolio, one should never risk whole portfolio, just part in line with risk that investment yield, if the risk is high, than percentage of portfolio should be lower than if the risk from investment is lower

The risk here depends on the borrower himself or herself, there are some things to be careful about here
1. The right time to buy, don't go and get loan on Bitcoin when it's trading at 12,000$ you will get rekt, only do this when Bitcoin dumps big
2. Altcoins are just bad enough and getting loan because of altcoin can be suicidal

Your advice will work for newbies obviously.Anything in crypto can be happened. For this we should be alert and should make proper analysis to enter altcoins market.

Proper analysis with a good risk management can make your loan successful.

It's really better not to engage in loans for crypto, this isn't a real life business, online experience is way different and more risky, the biggest mistake that many keep doing over again is buying coins at a very high price, it's wrong

This is very true, many start lending money to join the FOMO train in 2017 when Bitcoin and other coins start bulling, I belief altcoins are able to reach a new all time high back then because many new money flow into crypto, this is why I think it will be extremely hard to see altcoins at their ATH again but only time will reveal that

Investing in cryptocurrency could be a good investment, or it could not. That is true for cryptocurrency in general and likely for investor.Be aware there are many risk in investing any coins, my advise to the newbies it is wisely to take some advise for more experience investor before investing on any coins in the market

Borrowing money to invest on crypto currency is very risky, you cannot predict what would happen in the market you can lost your money instanty. Just like OP said an inexperienced investor should invest only the amounts that he is willing to lose without serious consequences.

I think when you do that it is not only risky but it can be said that the soul is dead because when you use the money borrowed for cryptocurrency trading it is a very big mistake, cryptocurrency can never be predicted how the price moves.

Investing  a borrowed money to crypto investments such as trading is really hard to stomach hence there are no guarantees on trading if you take profit or not, much worst a highly debt in results in the end. It's best to make crypto investment on our own money, little by little will do and it's good start up for all newbies out there. By doing this, it will help more to understand on how to take good care of our hard-earned money.

Many of those people that forced themselves to borrow to invest in bitcoin were during all-time high of 2017. It's truly bad to see them disappointed and lost a lot of money because they didn't do their research before they've invested.
A lot of newbies should take this advice seriously because you'll be rekt if you don't listen.

Asking for loan to invest on crypto is not advisable, the rule was to invest what you can't afford to lose, using loan is investing what you really can't afford because the money is never yours to begin with, that's a huge risk, absolutely not advisable

In every reasoning, there's always an exception. I have seen individuals make use of borrow funds and succeeded in making profit with that funds on numerous occasions although that doesn't mean I'm advising you to go do the same. Just study yourself and get familiar with what favors you. Take advantage of that and built on it as some individuals are very good at working under pressure to get positive results which using of borrow money as capital can be related to.

Still though you have to understand that any decisions you make that you're responsible for the outcome and should be willing to accept it. Cryptocurrency isn't your regular investment class, it's very volatile as such what works and in other areas of investment might not give you exact result in cryptocurrency.

It serves as a key if you will treat those past experienced seriously, you'll be able to learn coming from other's mistake. Take one step at a time and closely
observes from how will you gain benefits and to avoid committing mistakes.

Loan money is not a good idea if you are not sure with investment that you are going to invest, make sure to investigate and do your hard research to learn more deeper from this business.

I'm the one who tried this. Borrowed money in 2017 just to hold some EOS token.

Luckily, the one who tried to borrowed rejected my loan and after that I didn't tried to buy EOS token at that time. The rejection is somewhat a blessing in disguise though because the year after it was the year of hell. All coins including BTC went to a massive massive correction. If the lender gave me the money and bought EOS token, I would be in a huge loss right now and in heavy debt. Would say thanks to the lender though that didn't gave me money to buy EOS that time :D.

Consider yourself lucky, it would have been on hell of a fight for you to pay back the loan right now, many who took loan in 2017 are still in debt today, do not try such ever again, use your money to take risks not others money

There was no guarantee for our loan to be successful and even with the proper analysis and the market can turn into the reversal trend anytime. If there was someone use his loans to trade and when it was losing his money caused by the volatility and he can't do anything and he must also pay the interest.

Indeed i totally agree with your opinion and this opinion very famous in this furom, back in 2017 so many people are become so crazy when they saw bitcoin going up to 20k and so many altcoins also booming that time. If you get money from a loan and you buy at the peak price of some altcoins before then maybe until now you are still paying your dept with that loan.

Very good advice, and advice like you have given has also been submitted several times by my own teacher and this is indeed very true, because frustration because debt through crypto is very depressed can even result in suicide.

Borrowing money to trade or invest in cryptos is a big mistake in 2017 when cryptos peaked and reached AHT a lot of newbies borrowed money and invested blindly at peak price while the price dumped after some time thus many account were rekt, a newbie should take time and study how crypto prices move and know when to buy at low while selling at high with what they can afford to lose.

Crypto investment is indeed a very high risk, if we are new to the crypto world we must invest a small amount first, if we put forward our desires then the effect will be as you mentioned above.

You never need to go on about someone’s opinion (yes, read, analyze), you always need to look for primary sources and think with your own head and calculate your own funds that you are ready to lose, and even more then blame someone.

That will be a grave mistake to do that, all investments are risky but I think crypto is most riskier investment so it not advisable to be done with loan, better to make investment with personal money than loan, as much as it is highly profitable so is the risk, it is possible to lose it all within a twinkle of an eye, I hope newbies will learn from the experience of others in the past.

Yes, those who owe for the sake of investing in crypto are very ridiculous, because crypto is a very difficult thing to guess and the changes are always happening every day, let alone paying debt in the crypto world, paying debt in the real world is very difficult, so people who in debt for crypto is a very stupid person in my opinion.

If you are investing using your loan money then crypto is not the best choice to take venture in cause there is no guarantee of your money back. You are just putting borrowed money at risk, cryptocurrecy is very much volatile in a sense your investments can be gone in just click of a finger. Make yourself atleast knowledge enough before making any investments using your own hard- earned money.

yes I agree with what you say if we want to invest do not borrow money, especially if it has a sizeable interest such as borrowing at a bank. in the past when the price of bitcoin was above $ 15k someone in my country sold a house and borrowed money in a bank and after a bitcoin dump he felt frustrated because he suffered a loss and couldn't pay debt so he decided to hang himself. follow the OP recommendation

I think it is important not just in crypto trading but in all others aspects of trading to know first how the market works before thinking of investing in it. The crypto market is so unpredictable and volatile that it will cause you to lose your hard earn money if you don't know how to trade. You much first learn and acquire a bit of confidence before trading.

Yea, borrowing money for investment here is very risky as this market is very unpredictable. But i can add here if anybody want to invest your money in any altcoin must read that coins roadmap first and company details also. On the other hand don't invest your all money in the same coins so that if you lose one coin you can recover by another coin.

thanks.

I do remember a guy in reddit who took out a loan against his HOUSE to buy bitcoin at a leveraged rate. I have never actually heard anything more insane in trading world, I have seen many crazy stuff but nothing beats that out.

Dude didn't sold his house or lost his house thankfully, he just had enough income to cover all the loan per month and probably still pays it to this day because it was a 5 year loan however he didn't had saved money aside so he said "if I can pay this loan, I will just assume it is savings" and took it out, obviously if he saved it would be a lot more because there is interest involved. Thank god he didn't lost his home because that would be a lot more upsetting to hear about.

There are tons of people who do these type of idiotic moves and I would never know why they think it is a good idea.

I guess a lot of newcomers and newbies aware about this and it looks like the majority of people who have borrowed some money used it to trade in the market. i rarely saw someone who invests in ico use the loan
The volatile is the main reason why we must avoid to do that. You're right about this.

the problem is that many newbies who have come up with new crypto investments are reportedly going into big exchange. but when registered on the exchange it will make their money disappear.

Borrowing money is also not so easy on the internet, you need to give more than just an identity to borrow it. however, so far, I have avoided as much as possible such things. the risk is too great if my calculations are not what I think. even more so if I use the money for investment or trading.

Doesn't matter at what time they are investing, you should never take loans from someone else to make any kind of risky investment. Altcoins are actually a very risky investment. If you are planning to make investment of new altcoins, you are likely to suffer from huge loss.
Its best to invest using your own money. Better to invest small amount of your own money rather than risking someone other peoples money. If you can't afford to invest, then don't invest at all.

My friend took a loan in a bad situation and, as they say, took a chance. As a result, he gave a loan to the bank and raised a good percentage on the exchange. Now he has become a trader and lives on money, trading on exchanges. Deals only with this. Although earlier, he said that cryptocurrency is a hoax. I do not urge to take loans, but in life this happens in different ways.

How are you sure they are still in debt till today, some people will write some things and you wonder what is their source, people lose money in 2018 bear market both experience and newbies, the most important thing is to have calculated risk because no risk, no reward. So basing your argument on the bad side of an event is skewed view, some people made life changing money in 2017/2018. The first BTC I bought was from the money I borrowed and it set me on a path to better life, I am in my own house today thanks to that decision.

as I said before that investing is full of risk, if you are not ready then you will also easily lose money, especially wrong investing your money in coins that are difficult to develop. if you don't want to take a high risk, it's better to invest with BTC.

maybe we are very lucky here because we don't make loans that will only be used for investment and trade because there are still many people around us who can't repay loans because the market after 2017 never returns. gold is exchanged for silver and silver is exchanged for iron and they will continue to stress.

 Really good thread. I think that now no one is borrowing for investment. In 2017, it was a big hype because of which everyone did stupid things. I heard a story about how a man sold an apartment for the sake of cryptocurrency, terribe. I remembered the previous hype on the crypt :)

Knowledge is power, knowing what to do at the right time is the best in life, collecting loan to invest in crypto is nothing but a very wrong move, is just like gambling with loan cash, it will definitely end in tears.  Crypto space is unpredictable, so is advisable to go in with only the money you can afford to lose, I hope newbies learn from this.

In 2017, the name of cryptocurrency is rising and is very popular because the price of cryptocurrency is soaring, including the price of bitcoin that can reach its highest price in 2017, but after that the price of bitcoin collapsed and cannot rise again so from this case cryptocurrency cannot be predicted how the price moves.

I agree that investing in altcoins with loan money is very dangerous, I say this based on my experience in 2017. Like most people I FOMO
in 2017, which is almost all altcoins reach the price of all time high at that time. I made the mistake of buying the price at the peak, until
now my assets have lost 50%. Which is where I use bank loan money as capital, you can imagine until now I was frustrated thinking about
the installments that I had to pay. Don't follow mistakes I have done, stay away from using money loans as investment capital. Because
market altcoins are very volatile.

What I believe by putting pressure on your head, you can get profits from trading. This advice is very good for those who have interest in doing trade by taking loans. Loan investment is very risky. You are taking a loan because you don't liquidity pool or liquid money. Without confirming the next bullrun, every loan has the highest risk.

Trade or Invest the money you can risk of losing.
Never borrow money you cant afford to pay.
and learn everything and research when you are going to engage in trading or investing.
know the risk and know your gains and losses

Even for everyone, it is not advisable to take loans for trading, or stake any of your valuables in exchange for trading funds, you can lose this fund at any point in time due the volatility that is found in the market daily. borrowing from the 2017 experience of high price and 2018-2019 price dump events, one will understand they can only invest funds they are ready to lose in cryptocurrency.

Investing in crypto market nowadays is very risky itself so how much more if you take chances to borrow money just to invest? It would be more risky i think. You can take some loans only if you have other sources of income that can pay for it but if you only depend your payment from the profits you will make from crypto investment, then that would bring you a big disaster. There's no guaranteed profit here so better invest what you can afford to lose.

This to prevent people from selling their house to speculate in the cryptocurrency. It's not always borrowing from the trusted party in crypto but some people may able to sell their house for this. I think this awareness thread to prevent it

This is the first thing that people should learn and that is to invest what they can afford to lose, do not be tempted with FOMO because this is a trap for people who do not do proper research on how to properly invest, the year 2017 and 2018 is a big lesson for all of us here to be more educated and responsible when investing.

Just invest with our idle money. If we borrow money to invest, we will surely face a lot of trouble and pressure from it. And like you said, if the market collapses like 2018, I believe they will become debtors and their lives will be stuck.

Take advice or take legal advice, you ask a lawyer for his or her professional opinion on a situation. We are taking advice on legal steps to recover the money. The word advise is used as a verb. It means to offer an opinion or suggestion, or formally provide information.

everything requires experience, including in cryptocurrency trading, therefore, if we are new to the crypto world, we must seek experience with small capital investment first and if we are good at analyzing crypto market movements then we can invest large amounts, so don't try to find a loan if you don't know anything about trading.

Lol I can’t imagine that kind of frustration :D. Not having money, and then you decide to take loan and the next thing, boom!
You have lost the money and you’re there crying over your loss and you having to pay back the loan you took. That must be really frustrating and it’s something I never want to get myself into.

Something I would like to mention is this: there are newbies who has their senses stuck in the fact that there is plenty money that can be made in cryptocurrency. They forget about the risk and focus only on the profit they might make, but still end up losing their money. Take a break and then sit and think for a while how and what needed to get yourself better so that you may not have any more confusion and frustration. I guess, when you take a break then you launch yourself toward betterment. Just try :).

Using loans in crypto space is not suited for newbies because there will be frustrations once you lose that money, even pro crypto traders lose money in futures trading or margin trading, newbies need to be very careful, it's easy to throw away money on here than real life

The first lesson people here needs to learn is investing only what you can afford to lose, because Cryptocurrency market is highly volatile, you never know the next thing that's going to happen, you could be waking up to find out all your investment are gone, so if you are going to make a loan just to invest, this is going to be a big trouble for you.

Risk management is very important in crypto space, if you haven't got one its better to plan one up, you will easily recover if you have a risk management planned, the most important thing is never invest what you can't afford to lose

I don't like borrowing money to invest in a business or on coins, maybe it's just me because I feel like I'm not programmed to take such risks, whenever I borrowed money to do something it will end up a failure, it's like my destiny hate such thing, taking risk with my hard earned money pays me better

Yes, and risk management is often done by people who are professionals and who already have a lot of experience in terms of investment, even though this is very well done by everyone including newbies in investment.

For those who are new to this market, I believe that they will not have too much knowledge and cannot manage capital and risk intelligently. They need to go through a few failures and losses, after which they will learn how to survive in this market when investing.

This is online business we are talking about, getting loans for online business or investment sounds like suicide, if it's offline or real world business it's still better but online you can easily end up losing it all, paying for your debt will never be easy, it will take lot of time to recover

The newbies will always be following the trend and they didn't know what to do to decrease their risk to use the loan to trade or invest in altcoin. This is the worst idea to be done by newbies.

They must think a lot of disadvantage by using the loans to invest in crypto.

You should edit this part which I have bold out as every investment is a high risk investment and you should always think before investing in an asset as it can always loose its value in the future, it isn't specific for cryptocurrencies only. You can also see a lot of stock market companies that have lost a lot of value in the past 3 years and if you would have invested in those companies then also you would have lost your money.
Also you should never take a loan for the investment purposes as there are high chances even in a safe investment of sinking and then you will be left with a huge debt to pay and most probably you will default on your loan if you have no other source of income.

yaps, FOMO ( buy the pump - panic sell the dump )

The biggest mistake is also in 2017 and after that, scam projects have begun to emerge. at that time many people were investing in scam projects because of lack of knowledge about crypto and also many who contributed to the scam project, it was a big mistake. finally now they are losing, and lots of losing money.

I think people who invest in crypto and who get profits, are people who are always open-minded and have a strong mentality to regulate our own emotions. also not in a hurry in making a decision. one more thing, there are still many people who are greedy and think of getting rich overnight with crypto.

That's why they're called newbies for a reason. People should know by investing/trading carries a risk in general. The risk is greater if its cryptocurrency. Taking a loan to invest in crypto is just like taking a loan to gamble.

Yes, getting loan for trading purposes has some meaning at least compared to loan for investments. Because most loans are coming up with interests and when your investment cannot be a limited time bounded, how you will repay the loan? It means that interest will go beyond the profits you may get from the investment.

I agree crypto investment is high risky one but there are multiple methods are available to eliminate the risk part of crypto trading. When we are choosing the crypto coins very carefully then we can easily remove the risks of crypto investments. Compared to crypto trading, crypto investment is coming up with less risk. So, newbies should focus on investing only on highly reputed coins like bitcoins and those investments should be with longer duration based plans.

I do not agree with you, look at how many traders are using leverage trading? This is a kind of loan and it could be very profitable if you know what are you doing. So, if you are skilled enough you can borrow some money and buy more cryptocurrencies. Loans are now very cheap.  ;)

Surely will...that's an awesome advice, I will take note of that ☺

Firstly, everyone should think with his own head what to do. if a person has absolutely no money for investment and he is willing to take risks, then he can take a loan. the most important thing is to clearly understand why he needs it.
Secondly, a person must understand that he can lose his money and will have to give back his credit, but he will not die from it. I don't see anything wrong in it

well of course we all must be able to take steps, at least before deciding which coins to buy must be able to see how the development of these coins and what platforms are widely used by the people, because cryptocurrency price movements depend on demand means that more people use it then the price can be expensive, so stay careful by taking risks.

Well some persons took loan in 2017 during the bull run with a great confidence of prompt repayment. Some of them loss their savings and properties. I am sure they know better now. If an expert knows what he is doing, he can take a loan and hit big. Neophytes must never try it, it can spell hell.

Taking loan is double debt, to yourself and the other who own the money, this is not a good idea, if you want to build a good business loan might be the only answer but with crypto losses are certain.

Investing in crypto is always high risk; The amount of profit here is quite high as well as the risk. There is a fear of losing capital. So I agree that investing in altcoins  with borrowed money is very risky. In 2017, almost all altcoins  reached all-time highs at that time. Like other investors, I was a victim of that time. So stay away from using borrowed money as investment capital.

I've seen people who tooked their lives because of debt, I'm strictly advising you guys to stay away from unnecessary debts, crypto is not something you can take loan for, it's a very high investment plan, better to use your own money and if you lose the money it's better than having to repay back

Let's not make too big of a deal out of it. Most people who invested in cryptocurrencies at any point in time made money.

You had to really be unlucky to invest in the top of 2017 because you had maybe a month in 10 years of Bitcooin's history where buying was not a good idea. 1 month in 120 months was unprofitable! :D

Taking a loan to invest isn't such a bad idea if you know what you're doing. Most people who lost money put it into scams not real cryptocurrencies.

It's too risky if you want to invest in crypto from the proceeds of the loan. We should have assets that really come from what we have and are not being used for daily needs. It is better we can understand first the risks that will occur if we plunge into this investment before actually engaging in it.

Borrow money is definitely big risks not only for newbie members likes if anyone getting loan for a few weeks or months then who's have to be paid within a specified period. So it’s also huge mental pressure i think. Even also we should invest own money how much will affordable.              

all forms of investment and trading are certainly high risk especially if you cannot manage your financial management properly. Newcomers often think that crypto is very beneficial or can make you rich quickly. and I also agree that it's better to invest only what you can afford to lose.

Investments should be made from our savings in the beginning stage, then only we can find some profits and sustain here for longer.Once you made lot of money and have enough savings for your survival then you can move to high risky investment with loan money.

yes, you are right, personal money is advise to be used in crypto investment because even though is gonna yield the time for loan repayment might have lapse thereby be in serious debt as interest will be increasing, as one will even regret of borrowing in the first instance. its not advisable.

That is absolutely right, there are a lot of people who are joining here for making quick money, and they think that they will give this debt money back, after gaining some profit. But as you above mentioned it will not the same as them expected. If you lose your money, there is not any big problem that is why this money belonged to you. On the other hand you must also pay your losing money to person, whom you have borrowed some money.

Getting loans and borrowing money is a very risky option to earn in cryptocurrency. For me, it is still a luck if you earn big profits in cryptocurrency. It's just a bigger chance to lose money in crypto business if you have no capital and then taking the risk of borrowing or loan.

It is just a huge risky for newbies to make such a thing while investing. It is so important to make with small amount of investing if you are new here. That is why no doubt knowledge and experiences play a more important role than any amount in this world. Step by step we have to learn it so slowly, on the other hand, to do it with borrowing money it is absolutely untrue, at the end you can hate this world and you will give only this money back.

We crypto investment is a very risky investment. We know that everything has some good effects during perfect timing. Any borrow loan could be good, at the time next year's 3rd quarter. New people shouldn't do it because they don't have any experience with it. By any mistake, if you buy any scam coins, then you will lose everything, don't borrow any money which you can't afford to lose.

Investing should use our idle money because any type of investment is clearly risky. Borrowing money from banks to speculate in the cryptocurrency market has a high risk and should be avoided so that we do not get into trouble in the future. There are many ways to get altcoin and one way is to follow a bounty campaign if we don't have enough money to invest

This is good advice and I want to add one more advice that never trades in this panic condition if you are a newbie as you will lose all your precious money. If you want to trade then split your money in two-part purchase Stablecoin with 50% and from remaining start trade if the coin price go up you will get profit if the coin go down you will lose but not all your money.

To be able to make a profit in this market, you need to have a stable mentality and not be under pressure on profits and invested capital. This market is risky and you can lose money at any time, and when you are at a loss you will lose your temper and make the next bad decisions. So invest with your idle money, don't borrow anyone

I would agree with the OP 100%. Taking out a loan to invest in an altcoin is pure lunacy. You will be under tremendous pressure to pay back the loan. And in case the price of the coin goes down, then you may be forced to sell them at a loss. If you are investing your own money, then you can afford to wait for a few years until the exchange rates recover.

Sincerely I stand with you, anyone taking such steps to borrow is only killing himself, even those who  are investing more than they have are feeling the heat let alone someone who borrows. The simple way to do things, especially when it comes to investing is to stick to how much your account can bear without it affecting your personal life. The volatility of the crypto space is too much for someone to lack the right approach to investing. Lastly, I also have the mindset that it is not only for newbies but for everyone, because there are people who are still moved by hype.

Maybe without enough experience in the field, a lot of newbies need to play safe and maybe do a lot of research first before going for investment even if it's, not a loan.

Getting a loan is not a bad thing but you should know the risk of getting a loan or borrowing money for trading if you borrow BTC in the coming years or months the market value of the BTC you borrow could also increase its value over time or if your lucky its might do down.

If you have the money you could do a loan and still have the funds if you need it. But at all time the best thing to do is to risk your own money not a loan because it might be disastrous.

I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move

The operator did not say that loan is outrightly bad, but that getting a loan to trade as a newbie can make you wallow in more debt. It is an advise that is rare and I think not just newbies, but that everyone should yield to. The fact is that there isn't any business without its risk, however, crypto can come with higher risk. Just as much as it can give you profit, it can also make you lose.

I think when trading it is better not to use borrowed money, or trading using the money that is needed because I know cryptocurrency trading cannot be predicted how the price moves so it is difficult to predict volatile price fluctuations, so no one can provide guarantees profit.

1. Use your surplus to buy one of the top 10 Coin and keep it long time
2. If you do not have the knowledge, invest regularly even when Coin prices rise or fall
For example: Buy 100 $ Bitcoin per week, then even from the period of Bitcoin with the highest price of 20K $ until now you still have profit. And keep it for a few years, not sell it
3. Accumulate daily knowledge and learn from old people in this market to be a smart investor yourself

It's business and that will be very different with what we have been talking about in here. Online business have more chance to make the owner to loss all of his resources instantly especially when it comes to the volatile market that everything is unpredictable

Fear of missing out is what pushed many into loan for crypto and sooner they get burnt, FOMO is very bad, I was caught in the trap myself which makes me lost some money that I haven't recover till this day, when it comes to crypto its better to use some affordable money to take risks

Agree! However, the more risks, the more profits! If you want to earn a lot of profit without a high level of risk, it's impossible! Being in this cryptocurrency market requires us to have certain and fundamental knowledge and skills in order to not being burnt out by "fool" decisions.

It is true, having a loan and uses it on a business is really different from having a loan to invest. The risk is very high without knowing when and if the investment will be profitable over time. Unlike in business, you are the one who controls the business on how you will market it and make a profit.

True, when it comes to crypto it is better to use an affordable amount of money to take risks, because basically everyone does not want to experience losing money in crypto, so don't be too greedy when using money for crypto, because when loss will feel very frustrating.

We should use affordable money but should be careful and think about this money only you have left. You will think twice before investing in any campaign. Borrow money only can invest experts. Newbie shouldn't follow any big amount even which money you afford to lose. Fomo chart will never help you to get the right information.

Unfortunately many newbies are only interested in large and instant profits, without thinking about the disadvantages. That is why they are confident in applying for loans. Even though the risk is very big. If applying for a loan, it should be used to open a business that is less risky, which can be taken into account when the return on capital and the income used to repay the loan. While it is very difficult to apply with crypto, if you only rely on luck it is very fatal.

that's right , if we thinking this is the last money we had i am sure we will use it carefully. doing alot research and analisys when take decision in which project we will invest.

tempted by instant profits in near time will make traders or investors thinking careless. no one can guarantee our investment will get profits, this market really contain high risk and this is the first thing that we have to add it in first priority.

It's better not to borrow money to make an investment, even in small amounts, because investing is a very risky thing, because if there is a loss in investment will be very sick and disappointed if someone makes an investment with borrowed money from someone else.

It’s logical that it’s not worth investing money in cryptocurrency that you borrowed, because investing in cryptocurrency is a very risky business and it is not known how your investments may end up with, so you should always think many times before investing in cryptocurrency or in any other area.

I prefer taking risks with my own hard-earned money that going to get a loan to try out my luck, that's dangerous, everything about crypto investment is luck, you can't predict which project will be profitable

To start with, I don't see reason why someone will go and take loan to invest in crypto. Even taking loan to invest in other physical business can be very dangerous not to mention crypto. It is definitely not wise to take loan because you want to invest in crypto.

Are you one of those?who had borrowed Money in invested to Altcoins thats why you are making this advice?i think it will be more approachable and truthful if this is based on your own experiences because i also have some friends who did this stupidity even i keep telling them not to to such because of very risky and may bring them to deeper credits and yeah it happens already.

But i believe this is indeed good advice since people here are always eager to profit but has no enough or bigger capital that's why sometimes they are being lured to make a load or credit and put here in which will turn into desaster.

When using other people's money to invest, you will have to take a lot of pressure and it will make you lose in this market. So just investing with my own idle money is enough, I've seen many people borrow other people's money to invest and they never get a good result.

Indirectly, we are not taught to owe or lend money for investment, because investment is a job full of risk, even experienced people have experienced losses in investments, so obviously in this case it's better to use your own money according to your ability that we have, because it's far better than debt.

It is true, there are so many difficulties we might face if we tried to borrow money for our own investment. That's why we were all told or reminded that we should only invest the amount of money we are afford to lose and borrowing should not be an option since this will be hard especially in a short period of time.

In my own little way. I agreed that borrowing altcoins is not really advisable it will lead you only to Rekt.
It is still much better to trade in natural way. Because in borrowing there is a high risk involved in it.
So, if you don't want to loss your coins don't put in danger all your assets just because of borrowing only.

You should not take a loan for any kind of trading online, you should invest as much as you can accept if you lose, it will not affect your personal life, otherwise if you lose in any way, he will be under various pressure, this is why I take a loan. Not in favor of trading.

I have been in a similar situation. In 2018, I borrowed about $ 5000 from my relatives to invest in this market, but things were not as easy as I thought. Investments are continuously losing money and people often ask me about debt repayment, which puts me under a lot of pressure and it is impossible to stay awake to make a profit.

that's the worst thing that can do by someone. I remember there was someone who has been selling his house to buy and invest in crypto but he was suffering a huge lose.
The same thing can be applied for the people who are using a loan to invest in crypto too.

I think that even after the loss of credit money any person can survive. if you invest credit money in some kind of stable asset, then you can make good money. you can take a loan and invest this money in USDT and then give the loans in USDT through specialized platforms at a higher percentage

Taking loan can change your life or put you in more troubles, I'm more familiar with taking loan to establish a real life business but not for crypto, taking loan for crypto is high risk plan and I'm so against it

You are right.
I think investing in crypto is not like we sell at a store, every time someone comes to buy, then at that time also makes a profit.
Crypto investment is a long-term investment. Let's just say the money we spend on investment is a reserve for the future.

yes,but not just any when you want to invest in cryptoqurrency. there are many coins out there that are difficult to develop, do not have a good sale value, hype, abandoned by investors etc. if you want to invest then I recommend only investing with top coins, especially BTC, ETH, BNB and EOS. it's a good choice in my opinion.

This is so amazing,thanks for this advice, it isn't just for newbies but for everyone who would want to save themselves from some troubles as much as the crypto market is profitable so also the risk involved is high, the crypto market is volatile so trade what you can bear to loose. Taking loan in this market is not very much supported also by me.

Both of us realise you have written your post just to meet minimum post required for your signature campaign.

The advice of not taking a loan for buying crypto is so obvious so I don't think person of your rank didn't know about it.

Getting a loan or borrowing money to trade altcoins or invest, is not risky for newbies but also all traders. But it is riskier for newbies especially. An expert trader also makes a mistake by analyzing market trends and take a trade against the market trend. Again many times it is seen that even if the market analysis is correct, the market behaves somewhat retrograde and after a while, the market analysis continues to be correct. In this case, if you trade with borrowed money, the tendency to hold decreases, which results in a loss in trade. Also, the cryptocurrency market is a volatile market and very risky too. So to avoid losing everything by borrowing, I think it is better not to trade with borrowed money.

Never accept loan and then invest in crypto, here is your own risky. Although if you're getting loss in your invest then how you recover loan? I want recommend everyone new crypto user. Don't sales your personal life assets, don't take loan in bank otherwise you can face big problem in your life.

That is true, taking loan to invest in crypto is totally a bad idea no matter how good, attractive and unique the project is, investing what you can afford to lose is the best way to get started or get involved with crypto investing. Most times I see people hyping a particular project but taking a closer look at the project, you will realise it have nothing to offer, now just imagine someone taking loan to invest in such crap project, who will be blamed at the end? The person who invested.
Although this attribute or act can be found most especially within newbies I also think the advice should extend to everyone.

if a person loses credit money, then he will return it from the money that he will earn at work or in some other way, but I believe that he will always be able to return this money, but if he will not take this risks than he will never earn money

If the institution you’re taking loan from knows that you’re investing it in Bitcoin or anything such as bonds, mutual funds, etc., I don’t think they will agree to give you that loan, because they already that such things carry high risks and you might lose that money which will result in a default. And if anyone is still thinking whether or not they should go ahead and take the loan from a bank, then my answer is a 'NO', it’s a bad idea.

If you lose that money you will end up regretting the day you took it. And paying it back will be a really difficult thing. Getting loan itself is a high risky thing and then risking that high risk money into trading gets you another layer of risks which should be avoided as per basic money management principles. Always our risk levels should be within our affordable limits, should not be multiplied by loaned money.

It's still good to get into loan for bitcoin than altcoins, many altcoins are scam, do not put your future in debts that you won't get out of forever, let me see, the only reason I can get loan for bitcoin is if Bitcoin suddenly lose huge value

It's also a risky investment, but it will be a lot safer than cryptocurrency. I also borrowed money to run a business, which made it difficult for me at the beginning but I quickly got over it. I have never borrowed money to invest in this market because it is too risky. The price could collapse at any time and make me lose

Quite honestly both are bad, except for a few coins investing in altcoins seems to be a bad idea, however investing for the FOMO is just as bad, however while there are some traders that use margin trading, which is nothing but trading with money you have borrowed from a broker, the truth is that most traders should never get any kind of loan or money from someone else to trade, but people get greedy and they think that if they have more money as their capital then they can get more profits, a concept that it is not mistaken but it is definitely a mistake to increase it by asking for a loan.

Getting a Bitcoin loan is good, but if you don't have knowledge in managing it or trading knowledge, it's better not to borrow, because when you lose it will also be very difficult to repay, for me personally it's better to use your own money to buy Bitcoin according to your ability us, rather than borrowing from other people.

Professional traders still lose money to trading, who would be so stupid enough to get a loan for trading when you can't even predict where the market is heading?? We even have many fake trading analysts in crypto space that comes out with fake predictions, well I know what's good for me, if you know what's good for you don't even try it

Obviously it would look very foolish if someone makes a loan to trade in crypto, because the crypto market is very difficult to predict so it is not easy to find profits there, so if there is someone who imagines large profits in crypto trading with loan capital, then he is again dream in broad daylight.

Taking a loan without any proper education with investment that you'll going to invest your loan money is just like throwing
your money away.
But if you have good knowledge and you are willing to take the risk with something that you fully believe then it's not a bad
decision if ever that you borrow money.
The only thing that weight things out is your capabilities to handle pressures and the knowledge based on the actual situations.


The volatility inside the market makes investors to think twice entering to this industry, though it's also gives opportunities
to those who are good in assessing the trends.
Invest only if you know all the grounds behind the investment venue that you'll going to take.

yeah, i've found several people who made loans for profit in crypto and it all ended very badly. i don't want to say this, but i don't like people who do things that are beyond their means.

i hope no one will suffer the same fate as them. in crypto must use funds that we have ourselves and use funds that are not used for everyday life. i think it will be more useful than borrowing.

I remember 2017 was a critical period in the cryptocurrency space as several people joined the space, making substantial gain from ICO's and the market expansion. Its important for people to know that the space is not worth using borrowed funds. One could make excess money out of little investment and also lose out of a seemingly legit investment.

That's disastrous you should not even entertain this idea, I think you will not if you will just make this mantra to only invest what you can afford to lose, money loan posed a greater risk to your health because if ever you lose that loan, you have a problem repaying it with interest, people are asking for a loan because of FOMO they think they are going to make a profit out of it.

Your advice should only not for newbies only there are old and veteran investors who still falls for FOMO without even aware of the risk involve on it, I have seen many old traders still falling to FOMO's, if you are an old trader, you are exposed to so many projects that sometimes it's hard for you to think if the project is legit or just FOMO project.

I can only but hope a good number of newbies will come across this because it is indeed a lifesaving advice for them or will I say for a good number of people too. The truth first is, the crypto space is volatile meaning no one can say or give an assurance on any coin whatsoever, thus taking a loan to invest in something of that nature is sucidal, hence the reason for the emphasis to invest only what you can afford no matter how small it might look to you or to other people (if at all you tell them).

well, actually it can be done or not depending on the situation and conditions many people see this opportunity in 2017 and try the next year, even though the market is still unpredictable, they think that the next year the market will rise again.
so the problem of borrowing money is not a problem because large companies that are developing must have debt. :)

This warning is life saving for those who don't know, thanks for sharing, newbies can easily do this mistakes and end up in a pretty big bad debt, taking loan to open a business is good and big opportunity but taking loan for crypto is not a good move, risks are huge in crypto space

Precisely. I experienced this kind of mistake way back 2018, which I loan a money to my friend, so I could invest it in a coin. Suddenly it all ends up getting myself having a big debt to my friend because from that time the market is down and it takes a long time for the coin that I have bought to increase.

Since you are new to the forum and you seem to have the right idea about this it may seem inconceivable for you that people ask for a loan to trade or to invest, but believe me it is incredibly common, right now we are not seeing many cases like that since the ico fever and the hype for bitcoin has subsided, but in 2017 there were many stories of people that bought at the top of the bubble and lost money they did not even had, many held their altcoins until they crashed all the way to zero and now they have to pay a huge debt for which they got nothing in return.

Yes it is very Important for Newbies and New comers. I think we have to Aware about it. If we couldnot Aware about it we will fall very denarius situations. So i think it is very importantfor all of us. Many many thanks for your important information. And i yhink it will be very helpful for us in future in Bitcointalk.     

I don't think what happened in 2017 will happen anytime soon and we can't predict what the market is going to be like in coming days so borrowing money is not advisable especially now that we are still facing some financial crisis due corona virus pandemic. It would take a little time for the business and financial community to ba able to fully get back on track so better look for an alternative solutions rather than taking some risk with any certainty.

You have provided very helpful information mate. Newbies should never be greedy. They should gain the proper trading management knowledge first. After know well about trading, they can take loan but not more than their sustainability

Crypto investment can be scary at times, it's a very good advice that newbies and others should invest only what they can afford to lose, the truth is there is no way to read the future of new altcoins to know which one will survive in two years time or four years time.


And again it's wrong to invest all you have on a single altcoin unless the Altcoin is a very popular top altcoin like NEO or EOS, if you are in for new altcoins diversity is the best strategy

In order to make a profit from investing in this market, they need a lot of trading experience. And if they invest without experience, they will definitely lose money, and I totally agree with you. They can borrow money if they have experience in this market

beginners are strongly advised not to take loans in crypto investing because some investors who have long been involved in the crypto world often also suffer huge losses

I totally agree with this. But who knows right, since most altcoins are somehow on the dip side, perhaps, having to try to invest just for an ample amount wouldn't hurt today. But of course, this is still my personal opinion and you shouldn't take my word for it.

It is a pity that people generally come up with such a stupid idea as taking a loan for cryptocurrencies. How many classes of education do they have? 1-2? I understand when people who are already established and know the market do this - they fully understand what they are doing and know what to expect but when a newcomer comes to the crypto industry with credit money… This will cause  news of another suicide. This is very sad.

who does something stupid like that? it would be better to sell the real assets we have than to have to borrow from others. it's like killing yourself by losing people's money. no one gives certainty that they will benefit in the time they planned.

   Bison, people who are doing this are people who are self-confident in their intentions. The same people learn from their mistakes,
after they make them. And we shouldn't bother about this, it's their thing what they do with their own life!
   What is important for us it to learn from other peoples mistakes, and if we made a mistake to not hurt us too much. It's what we
learn and what we need to teach our children and close people we know.

before taking a loan in altcoin, investing or do trading we have to think about it a thousand times and be sure of what we are doing otherwise we can risk big losses

The basic and simplest thought of the OP would "invest what only you can afford" well that was already usual and I think a common sense that everyone must know because we all know that trading is a serious matter that you can either earn or loose your money. But most of the time the odds is playing on loose side most specially if you were just new into trading. So borrowing money is not really a great option to be done because it might just lead you into debts once the borrowed money have not been settled due to the reason that you fail on doing your trades.

If you really do want to try trading, be responsible enough to have your own money to start trading. Even small amount will do because it is still a price to take and you will be taking the risk to witness your money grow or die. Just always keep in mind that it is still best to trade by your own money so that if ever you fail on your trade, you have no other baggage on you thinking that you will just forget and try again for quite some time. Unlike when you borrow and loss, you were still going to think how can you be able to pay the money you borrow.

For newcomers, i would say that it is better not to invest in the crypto market without proper knowledge about crypto market. But i was saying that newcomers should not come to this market. Before you come, you should know something about the market and take tips from big brothers and online.

Yes, borrowing money to invest in crypto is very risky, because the price of crypto is very volatile. If after we borrow money and buy crypto, then the price of crypto increases, then we can return our loan money. But on the contrary, if the price of crypto is down then our loan maturity has arrived, of course we have to sell the existing crypto to return the loan.
In this condition we will lose.
I think investing in crypto is with capital that is able to lose.

It's just like how it works in gambling or investing in ICOs based tokens, you don't have to play with more than you can afford to lose. Personally, i don't suggest users to borrow for those fields, as the risk is getting higher by the crazy volatility in price even if it goes higher for a certain period.
Seriously, i find it stupid to risk of getting a loan in order to risk twice in an unconfirmed investment .

Investing in cryptocureency is a 50-50 thing, its either you lose all or gain all. It is adviced not to invest what you can't afford to lose, not to say, taking loan to make investment in cryptocureency is a hell of disastrous risk. Getting loan to make investment in cryptocureency if it goes bad, its a double lose to you, cause after paying back the loan, you're starting from square one again. NEVER TAKE LOAN TO INVEST IN CRYPTOCUREENCY rather, USE YOUR HARD EARNED MONEY TO INVEST. Stay safe.

l do agree with your words, newbies must learn everything about investing then they can invest in any project. That is why knowledge and experience are so important in crypto-world. You can analyze the situation and make research about the project, which you want to invest in. It can increase your chance for getting some profit from your own investment. But without that l can not imagine there can be any success, maybe 2 or 3 times you can win for you lucky, but mostly you will lose.

Yes a lot of people think like this. All sorts of guys who think they are the smartest in the world. That they smart enough to trade with loan money. Sometimes they could even have several successful trades. They take even more confident in their victory and then just burn all the money and start whining:
- my God i loose everything and don’t want to live anymore.....
a stroke of genius no less

But we are talking about newcomers who only yesterday knew about the crypto markets and cryptocurrency from some articles on buzzfeed and decide that they are " PRO INVESTOR"

This warning is strictly for Newbies just like OP says, newbies have too low experience about crypto and many of them don't want to learn first before chasing money, they invest heavily on coins with money they never owned, there is always lots of mistakes waiting for newbies in crypto space if they put aside knowledge seeking

Crypto market is high volatile if somebody following the future events , Believing the concept of solution provided particular token or coin and also we should find the active team , community support . then we can make some profit by holding long i mean ( Crypto holding couple of months consider as a long ) . As OP said crypto is high volatile . For holding long lendign or borrowing for interest surely make you panic you may end upto loss your money.

Online experience will never be like that of offline experience, without the right knowledge about crypto you will keep making unnecessary mistakes, you can't be in haste of making money in crypto space without falling victim to scam, imagine someone with no proper experience know decide to go for loan to invest in crypto, losses is certainty

Nobody does that, you can't be gambling with borrowed money, because you lose or gain, you must refund d money you borrowed. Newbies should please learn from this.

no matter the coin, actually more to the market situation, if people are accustomed to trading trading, and pay attention to market conditions, then any type of coin they can still benefit.
but if you just buy without any analysis then it's the same as gambling.

I'm not so against taking loan, sometimes they are life saving but that's in the real world not on crypto, I've never do this before, the first thing that come to my mind is the risk of crypto which can't be compared to real life business

If investing in ICO and IEO is very risky compared to us trading. Trading we can monitor the price of coins by themselves. If indeed the market is deteriorating, we only hold stable coins. While ICO and IEO investment the price of coins is still in the planning. Not necessarily after listing the price of a coin will be the same when we invest. Borrowing money for investment is indeed a bad thing, because we may not necessarily have benefited when the loan bills are due.

I can totally agree with this opinion. Starting a business with loans or debts is a complete failure. It can go wrong and lose all your funds. And you need to be prepared for all losses and, in case of loss, do something else to grow your business.

If you make a profit from investing in this market, everything will become very easy. But if you're at a loss then I believe that things will get worse, I've been in that case and it's hard to overcome.

Well, mostly newbies does’nt think of the best options when it comes to investing in crypto. Regrets always experience because of also impulsive and panic selling in trading. This is really important to know the risks in crypto to avoid losing money. And borrowing money or taking a loan is not the best options rather gaining knowledge could help us in anyway in crypto.

It's not good to go for loan when you have limited experience about crypto, the risk is huge and you can lost all your money, even if it's your hard earned money it's better than going for loan, it will put you in more trouble

To start something we will have to take risk first as no one know what will happen next if he will win or lose in his businesses so everything has a beginning point that we all have to go through starting investment is also full of risk you may lose or win but to be successful you will have to be ready for facing risk. Loan taking is not suggestible but still I would take loan not so big loan but just a miner that I can afford to lose.

I wonder why someone in his/her right senses will borrow money to invest in a highly volatile asset like crypto. Sometimes we don't have to put the blames entirely on newbies who invest this way with borrowed funds, it depends on the orientation they got before venturing into crypto. Someone who didn't know I'm into crypto was advising me to invest in LINK, that he just did and it will touch 100$ soon, little did he know that I'm a pro in what he claims to be a pro in. Imagine if I'm a newbie and got that kind of advise from a trusted friend, and maybe at that time I needed to make money by all means and decided to borrow to invest in LINK. Let's be mindful on what we tell newbies in crypto, let's stop making it look like a, get rich quick scheme.

Exactly. That was the brightest thing and practical way to do. NEVER ever borrow money to use on investment or trading. If you are really sincere and wanted to do trading and investment, better use your own money. If you do not have enough money to do such things, better set back for that was already a sign that you are still not ready for engagement into trading nor investing.

There is always a saying that I always read and become the most common advice among newbies that upon deciding to invest or trade "only put up the amount you have and only you can afford" which means that give only what you have. If you do not have any, then basically you are still not ready for investment and trading. Borrowing money will just give you headache and frustrations thinking how can you be able to pay back the money you have borrowed most specially when the investment you have done takes time and same thing with the trading. It would be such a relief to use your own money so whatever happens, it would be just your problem within yourself and you have nothing to worry how can you pay your debt into other people. People must know especially for the newbies that trading and investing is like risking your money to seek for better opportunities that it will gain profit. It would be so nice and calm to risk your own money rather than having that conscience in your mind risking other people's money that might fall into disaster.

Loans are not good for traders or investors, it leaves you desperate, anxious and clouds your judgements while trading. To earn from crypto currency trading or investment, you need to use funds you are able to lose and also gain the necessary skill to excel and make profits from trading

sorry op but this advice is for all . all of us are willing to loan to support our needs or addiction  and there are those that take loan to gamble . thats more risky than investing/trading , id say its better to loan to invest or trade than to gamble but we can also get lucky and win  . loaning and loosing at the same time is double the problem than a normal losses without loans    .  i dont recomend anyone to loan but if we cant resist it we can pause for a while and  lets try & see if what we can do to earn  before we do it  .

What if something bad happens to your investment, and your loan has arrived at repayment time. Borrowing money for crypto investment is not the right thing, unless they invest in gold. Don't think of profits, but think losses. Because everyone will be happy with the benefits, but it is difficult to accept if losses occur.

Let the newbies taste what is the possible risk from taking loan or borrowing money without any throughout thought about what they intend to do with that amount. Crypto is a high-risk environment that not suitable for any simpleton.

This advice is only for Newbies because they aren't actually a technical analysis based trader.They just fall in the trap of Fomo buying.
They even don't look at the fundamental of any project.So first be sure you are a experienced trader then invest by borrowing or anyway doesn't matter.

If the newbie has dared to make loans for crypto, then he is a very smart person, because if he is stupid it is definitely not going to dare to borrow and take high risks in crypto, because to look for profits in crypto also requires time.