Bitcoin Forum

Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.

I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!

Taking up a loan just for you to trade is never been ideal or something that will really be that recommended on doing so. Its true that there's no way that the market will really running away.
If you would really be trying out to chase up then it would really be that prone into tons of errors. We do know that when it comes into this aspect then it would really be that ideal
that you should really just that invest on the amount on which you can afford to lose. Never ever make yourself having this kind of mindset because on the moment that the market would
really be going into the opposite direction then you would really be that bringing out that kind of disappointment and the worst that since those amount is a loaned one then it do really make things even more worst or
problematic. This is why it would really be that recommended that you shouldnt really be going into that option.

Invest on what you can afford to lose and never ever make having that kind of all in kind of behavior on the time that you would really be dealing up with trading.
Invest on something that you do able to afford to lose because this market doesnt really give out that assurance about being profitable. There's always chance
that you would really be busted up specially on the time that the market will be making out those opposite direction.

Individuals would take loans to gamble have not been properly informed of the risk involved in trading; otherwise, if they were properly aware of the risk involved in trading, they would not attempt to make themselves indebted when their trading skill was not yet mature enough to give them the confidence that they could trade profitably to pay back the loans.

With good trading skills, it is very possible to flip a small trading account with a small deposit into something bigger. With poor trading skills, even if you invest a huge amount of money to trading, there is no guarantee of success.

The thing is even when people are been forewarned of the risk involved in trading they do not yield to this advice and they simply go ahead to borrow money to invest. The thing is people actually take the risk of losing in trading as simply one not having the knowledge to trade only but it is beyond that. If we look at it even investing is less risky than trading but still one is not advised to gamble on that.


I will beg to differ that it is ok for even a professional to actually borrow funds to trade, it is still very much out of question because the risk still remains and that’s why you see experience traders warning of even collecting funds from people to trade for them because the market doesn’t know any professional trader. With borrowed funds you have your psychology low because you will be scared of losing and bent on making profit fast, and that’s why you take trades which are not good set ups or go against your trading plan

You are changing in your post from invest to trade, that means you are confusing two terms or don't know you are invest or trade.

With investment or trading, the common principle is only do it with what you afford to lose.
By this principle, you should never use all money you have for either investment or trading. This is a very risky practice which should be avoided because by using all money for one thing, you might lose it all at only one failed investment or failed trading.

Invest or trading, always reserve a part of your capital, to use in daily life and to deal with emergency that can come to you anytime.

what can be said to your friend is crazy. As a beginner in trading must also know that trading has profit and loss. and without sufficient skills and knowledge, your friend dares to take greater risks. he is ready to not be paid in some of his jobs for stupid trades.
trading can be safe and done well when it is following ability. if capital alone must be borrowed, it means that the trader does not have the ability to trade from the start. he is forcing himself, or maybe gambling with his luck.

All those peoples that you see are talking a loan to gamble, sports bet, trading and investment etc. those kinds of people are not plan to be on the trading for long time because a professional that knows his self will know go and take loan or borrowing money from friends to use it trading or gamble what if you lose everything both the capital and the gained what is going to tell those that he took a loans from? That’s is why is good to not involve ourselves in all this kind things.

They say that where there’s newbie they’re always differences and quickly identify themselves, if not how will I using all what I ever left to put them in trading or is it that their not think of the risks that is included or the lack of the knowledge that they didn’t seek for  before they jumped into trading?

It's unfortunate that he lost the loaned funds on the run of making profit. Beginners actually fails to enquire from persons who had been in the industry before then before taking a step on investing or trading because they'd be needed to figure the perfect coins to match their goal in the crypto market and also the essential knowledges to be acquired before keying in to the market.
They just think it's common to bump into the market and start making profits undermining the the risk factors involved.
Failure for newbies to study the crypto markets before investing their funds as this inexperienced newbie who has lost it all are part of persons who chills by the corner in sabotaging the image of cryptocurrencies that it's not legit just because they could not play their cards smartly while they keep to loose.

I would suggest trade only if you have time. Otherwise, if you are an occasional trader, then it’s better to quit trading and shift to investing. Trading requires time and concentration; if you don’t have both, then it’s better to play safe and switch to investing. Going all in is never a wise option. Trading is always like gambling with low risk; hence some luck factor is involved here. Hence, you need to split your money into multiple earning options and don’t completely rely on trading. I would suggest trading with a good amount at first. Once you have enough profits from it, use those profits to trade further. Use the method of compounding and grow your money in trading.

You know that you shouldn't always put all your assets in one basket and this is to make sure that you won’t lose everything if it doesn’t go your way. The best way to prevent this to have risk management and if you are taking a loan just for this, Make sure that you have a way to pay it if it doesn’t go the right direction that you want.

Indeed, it’s always going to be like that. Risk management is going to be the key to preserving money.

A salary deduction is not his all. He can possibly earn huge profit if he will just buy and hold Bitcoin using the loan money. He is actually doing good if he will not trade recklessly on some random shitcoins since he is paying slowly his loan using his salary which is not in pressure payment terms.

Again the story that share is not his all but the moral of the story is correct since investment should always be separated to your retirement plans. Just invest only part of your money without touching your retirement funds since there’s always a risk on investment while retirement should always be guaranteed.

Your advice is good.

Your topic title is about people not to invest all their money but your post is about people should not use all their money to trade. Investing and trading are not the same. Trading is very risky but investing on good coins can be good if done at the right time. But some coins a shit and they will also cause loss if invested on.

Do you know that some people do not know about trading but they are just using trading to gamble? Trading is very risky. I guess your friends gambled with trading which result to the significance loss.

Usually when we want to trade we are required to avoid trading using all the money we have, well he started trading by borrowing and was willing to have his salary cut just for trading that did not guarantee profit, let alone not having sufficient understanding of trading, of course this is a big mistake. With knowledge and experience alone we are expected not to take loans in investing because it will be very risky, the risk is even doubled, loss and debt must be paid off.

Improving the standard of living by borrowing is stupidity, remember trading does not necessarily guarantee success but installments are certain. Trading initially has minimal problems, so it will be more problematic if trading with debt. Debt is good for business, but we also have to study it well, but not in trading which is full of risk.

Advice for your friends. It is better not to take loans, just save for investment or you can also use the dca method for long-term investment.

Going all in is never been good, whether:
You are doing trading
You are doing gambling
You are doing investment
You are doing something that needs up some risks or simply involves money.

Always consider that risks management whenever you do make out such dealings. You should really be that mindful on the risks involved because if you would really be that too careless
when it comes to decisions then it wouldnt really be so shocking that you would really be prone into tons of possible losing trades just because you arent that planning that much
careful specially when handling into your capital because this is where people do usually mess up their lives on the time that they would really be having that kind of
careless actions in towards their dealings with things.

Does your friend who started with a small capital can be profitable then think in large amounts can profit even more? Especially with such a large amount of borrowed money, I don't even think your friend is thinking about the risks in trading if only thinking about the profits that exist is a loss at the end because he doesn't do risk management.

He must be stressed, depressed after losing his money or maybe he did not do spot trading but high leverage futures trading and when the market crashed a few weeks ago, your friend lost and lost everything.

So crypto trading is full of risks and must know the consquences, never use hot ones whatever it is including borrowed money then if the loss must bear all of it.

I certainly agree. Only those who are not aware of the risks involved are the ones who suicide to trade with all their hard-earned money or even borrowed money from loans. They come to think that trading is a get-rich-quick and that once they trade with all they have, regardless of their knowledge and skills, they will definitely end up with massive profits. But we all know trading is never easy as that. It takes more losses first before you will learn and gain your right strategy so you can make your trading right and profitable.

Your friend did very wrong because taking a loan to make money in trading isn't for those people who aren't good traders and who don't understand the volatility of the market. There's no easy money in crypto world and especially in trading.

To be honest, it's not easy to make huge amount of money in crypto market as a trader if you don't understand the market or you may not have a big capital. $30k is a large amount but your friend get controlled by his own greed and that's why he lost everything.

Why do you have to trade with everything that you have? We all know how risky trading is, and even if you are a professional trader, then you are going to lose in trade. There is no way loss can be avoided in trading, so trading should be done with any amount that you can afford to lose. Don’t be greedy to increase the amount that you are trading with just for maximum profit, we shouldn’t take unnecessary risks.

If you are going for a loan to trade or invest, then it’s better that the person have another source of income to pay those loans back in case anything happens. But it’s not really making sense to take a loan to trade with it, trading should be done with the savings that you have, and it shouldn’t be all your savings, just a few percent should be used.

Since he can pay back the loan, I don’t have anything against that, and I am sure he won’t really feel it because the money will be deducted from his salary.

Most people who do have the mindset of making a huge amount of money from trading when they join end up losing.

Man, what your buddy went through really resonates.  Its wild how greed can take the wheel and muddy up someone's judgment.  I have watched that movie play out one too many times.  Investing, or any type of speculation for that matter, should never amount to betting with your entire life savings (or loans that will haunt your dreams for years to come). 

You are absolutely right.  Having patience pays dividends.  Start small, get the lay of the land, then slowly up your skin in the game as your confidence and knowledge expand.  The market is not going anywhere anytime soon.  No need to try striking it rich quick with some Hail Mary.

Starting small is better so that it will be a case that you invest what you can lose so that when you lose money you won't be pained. And the profit might be small, but it is better to be safer and borrow a large amount to invest  is the wrong eat thing to happen, crypto is risky to be using borrowed to trad, why not just gather enough money and invest at your own timing, and even when you are holding for long how do you pay back till you make profit am very sure nobody will agree to grant a loan for a very long time. You will think that you can make quick money and that is why they go ahead to borrow money and invest.

Been unhappy and depressed is not new in crypto and when you invest with your money it will be less depressing than borrowed funds,  and if anyone is investing or wants to trade with borrowed funds, then you should start with spot and not trade with all the funds, at least not using everything will make it less risky and if it does not work is just for you to swap and return the persons money.

Trade only if you are prepared enough, financially and emotionally. Rather than rushing to trade without sufficient amount of capital or you trade from borrowed funds, that will only increase your risk to lose. While trading can be a great way to gain profits but it can also be an instant reason to lose your funds like a thin air. So never trade if you know you aren't prepared enough in both.

I find it funny for people to go borrow money to trade or do investment, at first what are they thinking where is their mind to say that they would go borrow money to venture into a business they
have no knowledge about. The thing is both in trading, investment or gambling people shouldn't do that even though it's proven to be a trust and reliable games because most people do calls correct score and I know there's nothing like correct scores because not game is sure, same it's to trading if you aren't sure of the kind of trading you wanna do it's better to avoid it entirely and take time to learn your trading.

when he loses all that money, then I think it will be very clear that he will have a psychological attack. However, he may think that trading is a quick path to riches. That's because he was in a hurry and borrowed quite a lot of money just to trade. It is possible that he may have put the need afterward at risk as well. However, it is highly recommended not to borrow when trading, and in fact, it is highly recommended to use money you are willing to lose.

When an investor or trader let himself falling into such situation, lose all money and capital for investment or trading, it's nightmare.

As either an investor or trader, capital is most important because to invest or trade, you must have capital to start. If you lose all capital you have, and end with empty hands, empty pockets, empty accounts, you have nothing to do with invest or trade. If you end like this, you will have one choice, work to get money to use for surviving and make savings for invest and trade in future.

So before starting your investment or trading, think of risk and how that investment or trading position will bring how much profit and potentially bring much loss for your initial capital. Risk management is important to defend your capital that as said, I only emphasize it again, is most important.

his first mistake was borrowing money to trade. even with good trading skills, it is still not advisable to trade with borrowed money. it only increases the risk if something bad happens. and he experienced it. now he lost the loan money because he lost, and he has to think about making other money to cover the salary that was taken earlier for trading. of course, he has needs that must be met. not to mention if he has family members who also need a living. he will get a psychological attack.

Yes, never you invest all in one coin for future purpose, because you don't know what future hold for you and future is a day that is not yet to come but you know it will definitely come to pass whether good or bad. The funds your friend loan from his company is it $30,000 or £30,000 because you wrote 30,000? that made me to ask the question to know the weight of the funds, well, nothing wrong of taking a loan from your company to purchase some coins that you will trade, because you have that confident that you will use the next salary to be covering the loan till you balance all your loan from the company which many people have took such risk and it worked for them at the end. There are some people who are  ready to collect loan to trade, I will advice you not to join them, because it will not going to favour you  in the future as a newbies, because there are some tension that will come upon when you are not making what you are expecting from the trading.

Borrowing money just to invest it into Bitcoin would be understandable knowing how low the risk investing in Bitcoin has compared to altcoins.
Borrowing money just to invest into altcoins? It will depend because the higher the market cap, the lower the risk and vice-versa. I'm not against it, but not recommending either.
Borrowing money just to trade? This is for me, one of the worst things to do especially if that money came out of a loan. Not recommending at all.

This is why I don't want to borrow money from other people just to trade. As much as possible, I would use my own money so that if I lose, I don't have any burden of paying that money at all. If you borrowed money, and you used it for trading, and unfortunately lost it all, you will be obliged to pay the loan still, and losing money in trading especially a huge amount has a big negative effect to some traders mentally. I lost a small amount of money in trading, but it had a negative impact on me.

Follow what OP said if you want to be a trader. Especially when you're a newbie, don't go all-in on your trades. Another one is that, always expect for the worst because that lessens the negative effect if you lost your money in trading.

No, trading can't be for everyone. The argument stops there but not everyone that is aiming to make profits will not be suitable for each and everyone of us.But the crazier part is when someone understands how trading works and can't stop trading because of the losses that has been incurred throughout the days that person traded. Someone who's going this far of taking loan into thinking that he'll grow that money through trading is crazy. I am sorry to say but that's the word that I am saying because he certainly is, someone who can't be sure with what he does in relation to money making shouldn't go all out.

When you do have a specific amount for you to make use on an investment then it would really be that ideal that you should really be dividing it into different projects or coins on which we know that
it will really be able to divide the specific risks factor in compared when you are really that investing on a single spot. Of course you would really be needing up to consider too when it comes to
going all in without thinking about on the amount or budget that you are allocating. Make it sure that this is really just that an amount on which it wont compromises your life savings.
You should really be that careful when it comes to budget or allocation because if you do put up all the money you do have including savings just because you do get involved with trading
then it would really be just that too risky on such aspect.

The key on here is that you wont really be that trying out to be that too desperate on every trades that you would really be making. Follow proper plans and analysis so that
you wont really be finding yourself getting that too impulsive or really that rushing up on making up some profitable trades. Stick into your plan and would
really be that having those kind of mindful in every actions be able to take on.

Capital allocation and diversification are double edged method. If you pick good cryptocurrency for diversifying, your fund will be good and you will have good chance to get profit. In contrast, if you diversify fund in a wrong way, you will not reduce risk but actually increase it.

For example, if you pick only Bitcoin for your investment portfolio, I am quite sure that you will very less likely lose all or most of your initial capital. In contrast, if your portfolio is diversified to Bitcoin, Ethereum, BNB and FTT token, if death spirals happen with BNB and FTT tokens, your portfolio value will drop a lot. Another example in 2022 is Terra LUNA and UST collapse.

The loan amount, the number I'm seeing is that in another currency or it's in dollars? As I. $$? If that is in another currency, then I think it's amount he can afford since the money will be deducted from his salary which means he has a source of income but if that amount is in dollar, then I must say that is a mistake for a starter into Bitcoin. There is nothing that should give you confidence to take big amount of money to invest in Bitcoin as a newbie, things can go wrong you know.

However, do you know that many rich men and acclaimed wealthy individuals are indebted in many ways. Some of their investment are from loan and they know how to pay it back, that's because they have been into many business and investment with experience but a newbie should not try what they do because you lack the experience to navigate through and that's what your friend just did.

Diversify by investing in altcoins? I don't even consider this as diversification because we all know that the entire market depends on bitcoin. If bitcoin falls, no altcoin can increase in price and if bitcoin collapses, I believe no altcoin will survive and the market will disappear. Therefore, investing in altcoins should not be considered diversification.

Diversification is when we allocate capital and invest in unrelated assets such as gold, stocks, real estate...Diversification means we need to make sure our portfolio will definitely minimize risk if something goes wrong, we should not just focus on profits and ignore risk mitigation.

Yes, it's true, bro, not everyone can trade well, but everyone wants big profits but is lazy to do it, don't even think about looking for a loan from someone else to start trading and making a profit from trading is just wishful thinking. which is not necessarily profitable due to limited knowledge and experience which will result in big losses, because the lust for profit is greater than experience in trading, it is better to seek experience from small capital so that when we lose we are not too frustrated and do not use the money from loans with other people.

Perhaps there are two types of loans:
 - Good loans are usually made for rich people and businessmen to acquire more assets and earn more profit.
 - Bad loans are usually made for poor people for the purpose of paying other debts and spending on unnecessary things. 

Maybe we can say this is not a good option for newbies, but why not try it knowing that other people are doing it too? It is all about how determined we are to manage our investment because if we can do it well, we can certainly pay it back. Maybe the problem is that if we make this our sole source of income, it could not be enough to cover everything we need, and we end up using the money where it is supposed to be for the payment. 

No, trading is not for everyone. Technicalities drive people out in that activities since its hard to predict if you can earn on your trades or you will lose due to unforeseen circumstances. That's why people need to think about real situation and don't get hype on unverified situation.

To dumb to decide for taking such loan then use it for trades since if he lose that amount for sure more bigger stress will come in his side. Much better to use those extra funds we have and don't push our selves then be greedy on those profits to get in our mind since everything might fall down if they miscalculate everything about trading. Much better not to rush everything and always study each move you make especially if they deal with a risky investment or activities.

Well, I believe that it's mostly newbies that involve themselves in such awkward decision, although some people have the decided to bear what ever consequences of their decision but I don't think it's so advisable to take loan and invest in trading or to even invest all your asset into trading. Unless you are already believe in yourself as a professional trader who knows your level of skill and capabilities in maximizing profit from every trading position you take. If you don't have a good skill in trading, it's not a wise decision to invest all your asset or take loan to trade.

         -     You know that taking a loan to use in trading depends on whether the borrower has knowledge of trading and knows that he can make a profit from it. Or if what he will do is sell Bitcoin, Ethereum, and Matic as long as they are in the top listing in the market and he will do it long-term, I don't think this is a bad thing to do or an ugly strategy, especially if he has a regular job or source of income.
 
But always, if you know that you don't know anything about trading, I can advise that it's not really recommended to take a loan and then trade in crypto without knowing anything because the risk of trading is high.

Not just better but it is a must because when we are starting, we still lack in knowledge and we can't just prevent others to not invest and prioritize learning for a while because temptation will always be there. If it's about "investing what we can afford to lose" this should be adopted not only at the start but even if we already gained enough experience. It doesn't always mean though that we can't experience a pain feeling anymore but other people can still experience it.'

Money that we can afford to lose ' isn't the same as when we are still a newbie and advised only to use a small amount, so it is still possible for us to earn a huge profit using them. But, even a small profit can still be grown big if we are lucky as a newbie or well-skilled as an experienced investor/trader. If we don't have a huge capital, some will be contented to use a small amount instead. It does not always equate to borrowing money. Even if they are only like that, they also know the consequences of it. Maybe there are only a few or rare occasions that they will do it but they will assure that they will be needing it the most.

It depends on the lending company or the person that will lend us a money.

Investing is different from trading and it is much easier, so even an aspiring trader can start here first to get familiarized with the market and others.

If you start something without prior preparation, it's results will definitely be terrible, i think same thing happen with your friend, he is not skilled in trading but start trade and wasted money. It was absolutely wrong to take loan for trading, he should have realized it was a very risky investment without proper knowledge in trading.

Yes, it could be considered diversification considering that you had made out some allocation or making some parts in between Bitcoin and altcoins on which we know or cant really be denied that people would really be having those kind of considerations which we know that we would really be wanting on dealing up on something which does have that lower capitalization on which we know that on the moment that it would really be making some pumps then it could really be that potentially be bringing up that that good multiplier on the amount that you had invested on which it is reallly that unlike when you do make investment with Bitcoin.
Speaking about having at least that assurance or security then Bitcoin would really be always the wise decision that you could take and not really that making yourself that being too mindful nor getting stressed because of other options in the market. Diversification would really be that always recommended but not all would really be mainly considering out such act.

This is where how creative we are. If someone isn't for trading, that doesn't stop him from earning through the market. An investor isn't an active trader but still makes a lot of money from the market and the trades being done are very simple and it only happens when they're about to take profit from the market. So, it's a matter of knowing your strengths and weaknesses. If you're not good in trading, cheer up, you can be a good and profitable investor by DCAing. It doesn't need any expertise at all but get used to how it goes and learn it in the process by starting small. Greed is the reason why many starts too big when they think they're can profit from it easily but most of the try outs being done with that are failing.

Trading can never guarantee profits all the time so we should be often cautious on the amount of funds we dare to put as trading capital. Trade at your own risk, and trade only if you are ready to lose. Because let’s admit it that trading creates inevitable losses as well, and for some successful traders who are now enjoying their current position, undoubtedly they have also endured a lot of losses at first in their early trading.

While trading can make you rich, but it can also make you the poorest of the poor. So always trade with caution, if you can’t do that, then get rid of trading as early as now before you end using up all your funds.

It really depends on the trading skills he has and when he is involved in trading using borrowed capital and does not understand trading well then it is the same as betting in gambling.
That is a common mistake that people make and they are involved in trading just because they want to make money but they do not understand how to trade properly.
Losing money in trading is a certainty especially if he does not have good trading skills.

His intention to learn to trade is good, it's just that he did not learn first before getting involved with much larger numbers.
He should be able to practice trading with smaller capital to train his trading skills.

Well, the mistake in trading is rushing and feeling that the risk is very small, and can be avoided. However, it is very different when we really get into it. We will not realize the risk, and our minds always put the risk aside, so that when we get a loss, we just realize that everything we do is wrong. That is why, using money that we can lose in trading is highly recommended. However, even though using principal money, I think don't use it more than 10%. That's because trading is very risky. People will regret it when they have lost their assets, especially when they use principal money, or loans.

Trading is not a quick income scheme. Those who rush here will increase their losses. Although I support your friend's trading by getting loan money , I will never support with the same strategy for everyone because I will not advise anyone who can't afford to trade by loan. Your friend has taken a loan of 30000 and he craves to get a quick profit from that money. Such an initiative is definitely negative. A trader should do a thorough research while trading. He should keep the money he can lose in trading. Those who keep money beyond their ability will also have chance of losing all their money. A trader should remember that he should never invest money that he cannot afford to lose.

Borrowing money and taking loans is undoubtedly a bad idea, one shouldn't even invest everything they have readily available in their hands because it is not important for every person to become successful as a trader and sometimes things might not work out the way we might be expecting. The best way to get into trading is to first learn everything from the beginning, once the person thinks they are ready for trading, they should start with a small amount at first to see if they are able to do it.

After testing your knowledge and understanding with a small amount, if you see that your trades are working the way you are doing them and you are getting profitable trades, then you can go ahead and start with a bigger capital to increase your profits.

It's also important for a trader to understand that it is not possible for them to always stay profitable, there will be bad days as well, and when there are losing days, they should make sure they evaluate their trades, find out the mistakes, and work on them, instead of leaving the market.

Trading without knowledge and experience is equivalent to throwing this money in the trash. But the text of the OP is not entirely clear. What does it mean to take out a loan and start trading? Or did your friend start investing borrowed money in alternative coins? I would say that taking out a loan is generally imprudent in no case. You need to be able to live within your means. It is naive to think that borrowed money will immediately bring a big profit, especially since the loan amount is quite large. But both, namely trading and alternative coins, represent big risks, and without proper preparation and a developed strategy, it is too self-confident to risk even your funds. Be content with small steps and victories, gaining your experience, instead of living your whole life in debt.

As we know it, flipping is a trading technique, widely used by a lot of low capital traders. It’s always the hope that they get to flip certain amounts over time and archiving the mile has always been edged at how experienced you are on trading. In most case, you find traders using this approach to trading, taking more risk which might result in losses, especially when you dare to endure a bad trade but, having to do that with an SL/TP to guide helps a lot.

Your friend made a very big mistake taking a loan to trade; that is too bad. Trading has a high risk that even professionals and newbies are scared of, so I don't know what pushes your friend to take a loan because he wants to trade and make money; that is what even professionals are not doing.

However, the fact that his mind was just to make money from trading means that even if he knows how to trade, he will still find it difficult to make money because he trades with greed; he has already lost all and left with debt. Next time, he won't try to enter the market without the knowledge.


You are mentioning investing while starting with trading. However, whether investment or trading, both have their own risk that is attached to them, and investors that do not have knowledge about it should do research or learn it before investing. The same thing with trading: it has risk, so knowledge is the first thing.

One of the most common mistake for most people specially to those who are really just that still starting. to invest into something or lets just say that they are really that making up some decisions on trying out to
deal up something that they havent been able to encounter yet then they would really be that tending to have that kind of all in shot when it comes to the risks handling that they do have.

When making up some decisions about investing then it wouldnt be ideal that you would really be that making up some all in kind of investing on which we know that theres really that assurance that we could really be having on this market on which it would really be that hard to make out decisions. This is why it would really be better that you should really be sticking into your own method and ways.

Just make it sure that you wont really be that making yourself having those lose of control specially into the emotions because on the time or moment that you do find yourself
being impulsive then you would really be that prone into those tons of mistakes on which we d0 all know.

Bigger amount of trading capital does not guarantee huge returns as well, in fact you can lose them instantly in just a blink of an eye. Trading requires skills and enhanced strategies regardless of an amount, so if you think you still don’t have that but only huge capital, the outcome will still be at loss. No one profits from trading without knowledge and experience, while others got lucky and make first winnings, but rest assured the rest of his trades will certainly be at loss.

A very common mistake specially to noobs that they are thinking that the bigger the capital the more profits that they could make and this is something which is really not that recommended. This is why
it would really be that better that you should really be having that specific capital when you do make out investment. Risk management would really be always that crucial or something which is really that important.
You cant just that ignore the risks because this could cause you up on having that huge loses if you wont really be that careful. This is why it would really be that recommended that always consider out on the
possibilities that losing money will really be just that next in line if you are really that trying out to be careless. This is why you should really be having that considerations when taking up such step.

Thank you for this advice, it's genuine, "we should not shew more than we can bit," otherwise, what we shew might ruin us. Trading needs to be done accountably and responsibly, no one should use the money they can't afford to lose to trade. I was guilty of this if I should be sincere here, I even used my school fees and project money for trading while I was in the university. Sadly, I lost them like most people would do, it was painful and you will hardly see a trader that would not lose such money just as we see in gambling.

Now tell me, is it good? Is it honourable? That is why we should try to do the right thing and stop believing that we can make money under desperation. The result will always be more losses and frustration to the trader. Can you imagine, someone stooping so low to take a loan for trading, (well, I did that)? I secured a loan of about $1,000 at a time to trade, but fortunately for me, I was able to trade better and manage the account. Though I later lost the money, I was able to withdraw about $750 of the money. This is still not acceptable because I lost $250, what is now my gain? All traders should act cleverly rather than being desperate for the trading money.

I wonder how trustworthy your friend is that the company is willing to spend that much money on a loan. It's not a bank, right? Because there's usually a certain limit, and it will also be quite difficult for ACC, especially if the reason is not strong enough or just for investment. Unless there is a certain agreement.

However, whatever the background, borrowing such a large amount of money just for trading is really a very high-risk thing. Moreover, your friend, for example, does not really understand how to trade wisely, well, and profitably. Because, not everyone who has capital has the skills to analyze the market, including in making all decisions in trading which usually involve various considerations and inner battles.

So, it would be much wiser to just use personal funds without adding debt just for trading. Starting from a small amount is actually wiser, at least to really practice first.

Exactly mate. Trading is not all about profits and money making, but it’s also a means to lose all your capital in just a blink of an eye. So if you are still a newbie, don’t rush into trading but observe the market first and gather all information that will help you in your future trades. And as much as possible, learn from the experiences of early traders, when they say trading is too risky, then avoid trading if you are still not confident to trade. Otherwise, you will suffer from too much losses, most especially if you are convinced that trading will make you rich faster, when in reality it’s another way to mess up with your funds if you are still not an experienced trader.

I agree. Only the money that is okay to spend should be used to try something out. Otherwise, things can end up badly.

Different for beginners even for them it is not recommended to trade in large amounts.
But what must be known beforehand is the level of risk and no matter how big the risk is it will be worth it with all the possibilities so I think if we understand that there is nothing to be afraid of, if you want big profits then you will face big risks too.

In trading there will be quite a lot of lessons to learn and the most difficult is to control yourself not to be greedy and also other basic knowledge so I think people's perspectives on trading will be different and it depends on their goals.

You mentioned it right, pal. Not everything we do in trading activity will always favor what we want to happen, especially if we are in the stage of exploring trading here in the crypto business. Because usually, in such situations, newbies lose in this field.

And to shape us as traders, let's learn from the mistakes we make in the actual trade we do. Without something like this, we won't be able to see where we went wrong, and we won't be able to use our thinking correctly on the mistakes that we can make, as long as we don't repeat the wrong thing.

I agree, you can't even invest all your money, you need to understand for yourself what diversification is. Investing in one business and not having at least some kind of airbag in the form of an amount that would be enough to live on is stupid.

Some time profit will occur for you to praise yourself to be a good trader, while some time loss will occur for you to blame yourself for not doing your calculations well before trading at the moment, and those are some of the things trading can cause to traders some time. Even though, you want to take the risk in trading, don't use all your money to trade because anything can happen that will make you to fail in that trading and there is no way you can collect your money back, which is the reason professionals in trading keep telling new traders not to trade what they can't afford to lose in trading.

If you always trade in the bull market, you will have the opportunity to be rich through trading because that is the reason many traders use to trade to accumulate profit, but if you are a type of trader that use to trade in the bear market, the opportunity to be the poorest trader in the society is very close to such trader because it will be very hard for traders to make a good profit in the bear market.

It is true that one should not invest all the money at once, if necessary, it is better to invest slowly over time in the DCA method. There are many people who jump into investment with all their money in a hurry and all those people are seen to lose heart when the market dumps from their investment time. Especially in any case such as trading, it is not right to take all the money in trading at once and also in gambling, all the money should not be taken in gamboling platform. It is very important to have some left over for doing any work because if there is any left over then of course later investment trading can be done with that left over money.

Sometimes beginners forget that, and even someone who has been trading for a long time will forget that too. They focus too much on the profits they can get, at the same time they forget that they can also feel a greater loss than the profits they can get.

Focusing too much on profits will make us greedy traders and that can be the beginning of us spending our money on trading. I know that who doesn't want to get big and fast profits, but we also have to be aware of our abilities and knowledge and we can't predict the market very accurately. Even though they are very experienced traders, they will not be free from the losses that can be felt.

There's no such thing about being a perfect trader on which there would really be those individuals who would be that missing out those basic things even they are already that old or been long time into this market.
There would really be factors on which it would really affect out your decision making even if  you do know that you are really that knowing it. Its always been important that you shouldnt really be investing
all of your money when making up some investment specially on crypto on which we know that when it comes to this manner then everything could really happen. When making investment on which its not really that limited on crypto but also in other investment as well on which it would really be that recommended that risks management is really that crucial on these moments or times.

Dont invest on what you cant be able afford to lose. On the time that you would really be that forgetting such risks management then it would really be that leading into disaster.
This is why dont let those impulsive actions would really be leading into those bad decisions because this is where shit conditions would be starting to kick on.

Taking a loan to trade is not advisable because you are taking a big risk, trading can give you 100% that you will win when you stake, so it is better you used your own personal money and tradenot others' because he will put you in a big problem when you trade and you lose on it, he will put you in a big debt, that is why they said used money you can afford to lose and loan money is not something you can lose on because you borrowed it and you definitely need to pay back when the times comes, and you personally used it and trade thinking he will favour you and get capital and profits back.

What I've noticed is that if you borrow a loan and trade, you won't have enough time to learn about trading because your mind is always on profits. If you're new to trading and take a loan to start trading, I'd say he doesn't know what he's doing, it's better to take a loan to do another business that you believe will benefit you and reduce your risk rather than trading. I am confident your friend lacks experience in internet business and cryptocurrency, because if he takes a loan he will not consider trading with it, sincerely you would be completely confused if the market does not favour him and you lose all of your funds.

Everyone loses money when trading, but if you have expertise and comprehension of market research, I believe you will profit and not lose money at any time. If your friend is wise, he should use his salary percentage instead of a loan to start trading. If he uses personal money, he won't feel the loss because he will get another one, but if he uses a loan, he will be concerned if he loses all the money. And you don't have anything better to do with the loan, which he wasted, and you will undoubtedly repay the bill. My advise to him is to try and return the loan and used is personal money and lean trading not to used loan money.

An investor must take risks in conducting a business. Just have to remind that cryptocurrency is a risky platform. So must bear the risk. But should take that risk according to his ability. He must be aware of how much risk he can afford. A person who invests with a loan will be more risky than others. If there is no condition to repay the loan, then it is better not to take the loan because if the investment is harmed, he will have to face a difficult situation for it. There are many investors who rely on the normal behavior of the market, such investors will have more losses than profits. If they do not have good knowledge about the market before taking any decision, then they will fail to hold emotions and thus the chances of losing will increase. Before investing with loans one must acquire investment knowledge.

Can you give more details how he losses most of his asset in just a one blink or just a casually doing an all in investment and lose his trades. If this thing he make an investment with the futures possible he got liquidated with just a wrong decision in his trade or getting afraid for his denial with his position there's a lot of case scenario but at the end of the day you must need to avoid putting all your asset in just a single investment so you don't need to worry about if the price of a particular coin drops unexpectedly you have other resources. There's a saying in investment that don't all your money in a single basket because once it's fell most of your asset will lose.

Diversification of the assets is key, you are right! That way, the odds of you being in a total minus are going down, but not to zero ;D

The story that op conveyed was just a conclusion without any chronology that we could follow closely. However, we assume that he has lost everything, so we can conclude that he did something wrong if he traded, or maybe if he invested in the coin he invested in was a meme coin, or maybe he was deceived by someone who invited him.
From the story conveyed by op, it seems that it was experienced by a beginner who in terms of knowledge was not enough, maybe he had just gotten to know trading or the crypto world. The bigger problem is that he used borrowed money that he had to pay. If I were in that position, I might have been stressed because I had to accept the fact that my money was gone in a very short time.
Maybe op's friend was tempted by whoever said that trading was very profitable, while they did not tell him the risks that he could feel.

Yep, the story is a bit torn out in some bits, but risks that are at stake should always be taken into account, both by newbies and experienced people alike.

The hard part about trading is that we do not really know how things will go and because of that we do not really have anything causing the easy solution right now, we know that it will take a while and we know that it will not be simple but we need to make sure that it is going to end up with a greater result eventually. This is why we need to focus on making things better and easier, which is why we need to consider how to get a greater result eventually.

Sometimes it is not easy to handle, sometimes it takes time, but at that point we are going to face with issues that are beyond what we can consider acceptable if we are not careful. Just do what you want to do with long term holding and you should be fine in the end. If you keep focusing on what could be the end result then you are going to end up with nothing good, just focus on long term and do not give yourself a set time or set price, just hold as long as you can and you will do better. This isn't really that hard to do, a lot of people fail to see that but the reality is that we are going to end up with a great result no matter what we do, which is why we should probably considering this situation to be great if we hold.

When someone decides to invest, it is very important to have a plan first so that they can run the investment they are running well and it is very bad for those who do it in a hurry without having any planning, of course they will not be able to survive the investment they are running and using the DCA method in investing will indeed be better and we must be able to do it consistently to be able to generate profits in investing.

In terms of trading, of course we have to do an analysis first before deciding to take the assets we have because it is possible that the assets we trade will no longer increase and it is better for us to take them and not maintain the assets, because if we choose to maintain and experience losses, so in terms of trading it will be very important to analyze first before making decisions on the trades we make.

Trading is not the same as investing. Rather you must keep in mind that trading is very risky and if you do not have proper knowledge about this subject then there is a high probability that you will lose through it. So when trading next you must research about this or the coin you are going to trade and take advice from people who have already traded then you can trade. Now if one starts trading with loan and if he has no past experience about trading then he is most likely to get hurt. So mindlessly trading with only profit in mind will only hurt you financially as you will not be able to profit wrongly. So you must do your due diligence before trading.

In any case, everyone must do it based on their own abilities, whether through investment or trading because when we do any job based on our own abilities, of course there will always be considerations and calculations regarding the risks and potential that we can get in that job. So nothing is disjointed because in any case there must always be considerations based on our own knowledge and abilities so that we do not face silly mistakes that arise from our own decisions.

Plan is really that recommended because if you would really be that making yourself dealing up with investment not only just that limited to crypto but also in other forms of investment as well.
Always having that moderation and control or simply having those plans or analysis been applied because if you would really be just that making out such steps without
having any consideration on doing that then you would really be that prone into those mistakes on which we know that this could really be that in resulting into such loses.
This is why you should really be that careful on whatever the actions that you would really be doing. Investing it all? It already sounds crazy on doing that.

Never ever make yourself goes into the path that you would really be that making yourself look like a gambler because this isnt really something that you could apply when making
investment and this is something that you should avoid as much as you could because if you would really be having that kind of approach then losing would really be that even more
in compared when you are really that being that too keen about plans and analysis.

That's a simple fact that most people ignore, especially when they are getting into financial markets such as the cryptocurrency market. You can't imitate someone else's actions and expect to have the same results as them because you don't even know what you are doing. The person who is using a certain strategy or a plan knows what they are doing because they must have done their research before it and who knows? They might have other plans with what they are doing.

If you follow their actions blindly thinking that you will benefit from it then you will surely have to incur losses unless you are very lucky but then again, trading is not gambling and we can't rely on our luck in it, it's our actions and decisions that can make us earn something from it.

So it's important for every trader to learn everything themselves and make their trades based on their own knowledge instead of following or copying others.

Right. Never ever take a loan at the start of trading because if you lose your money at the start of your journey, you will be frustrated and quit trading. I think for initial trading capital, you must have other sources of income. You have some skills that can give side money and invest only that money in trading that you can afford to lose. If someone takes a loan of four to five thousand dollars to start trading and unfortunately, if you lose the capital, your interest and confidence in trading will be lost. So start with low capital, it's for practicing trading and understanding the Schoology of trading, but it's also necessary to ready your big capital for future investment. My recommendation is don't take any loans and trade until and unless you are good at trading.

yes that's right, in investment or trading of course they must be able to do it based on their own abilities because when they do it beyond their abilities it will actually become a weapon that can kill them like the term double-edged sword. moreover when they invest all the money they have it will be bad because the investment they make is impossible to make a profit quickly so they need to have other funds to survive.

and considering everything well is something that must be considered so that no mistakes will occur later because the purpose of investment or trading is certainly not to lose money but to seek profit so as much as possible considering everything well must be done.

Planning is one of the most important to do before going into investment and again knowing what they are going to invest, like the overall knowledge pertaining what they are going to invest. Before someone investment in cryptocurrency he should understand the risk involved, at least target whether the investment gonna be fruitful in time to come and also how tolerance he could be when the lost come.

Many people focused on the profits aspect without even considering the risk, and when the risk comes they got weird and start to larment when they had lose their investment, but most times greed triggers all the action for them to go invest all they ever have into investment without considering the danger and risk. This is applicable to those who gamble with all they have and after they start experiencing lost they channel their blames to people around them.

Putting all your assets in one basket in very risky because the basket may fall mistakenly and pour away everything in it, but when you put them in different basket and one fall away, you will still have the remaining ones to depend on, when starting a business you cannot invest all you have in it or you may regret it later, spending a lot of money and leverage in a business is not the most important thing you need to do, for you to make a lot of profits, you have to involve risk Management so that your business should run smoothly.


Making decisions to start an investment or trading is not a big deal but you have to compose yourself and be knowledgeable on what you are about to engage yourself in, also be aware of how risky what you are about to do is, understand the advantages and the disadvantages, and also the rules and protocol that guide that particular decision you've taken.


Borrowing money to start an investment or trading is the biggest mistake some people made, what will you feel when you lose the money, and you clearly know that is not your funds, what if you give them something dearly as a collateral, can you afford to lose something that is dear to you??

When you decided to start an investment or trading, make sure that all the expenditure are yours no matter how little it is, and spend what you can afford to lose on it (either on investment or trading).

For people who use all the money, it is stupid or crazy, this is not recommended because it will lose all our money in an instant, although indeed if the market moves as we expect it will be a very large profit as well and can change our situation for the better financially.

But yes this is not comparable in terms of risk if it does not match what is expected because we will lose everything and even cannot trade again for a long time, a smart trader must look at the long term in thinking, if you lose today does not mean you will lose tomorrow, meaning that there must always be for opportunities in the future to come.

Not only for trading, even for long term investment, borrowing money is a bad idea because this market is very risky and full of scams. Borrowing money to get involved in crypto only adds pressure to our lives, it will never yield as good results as we think. Trading or investing, we should only use money we can afford to lose and say no to borrowing.

Even for good traders, being a good trader means you have more chances of winning than others, but that does not guarantee that you will always make a profit when trading. No expert or good trader would dare to claim this so don't borrow money just because you think you are good enough.

If he would have taken that loan for a long term investment, which is still considered a safer option, yet I would have adivsed not to do it because we should only be investing what we can afford.
Taking loans has always been considered a bad option and on top of that he took it for trading.
Trading isn't generally bad but not everyone is so good to make money out of trading.
Hence it should only be done when we have a good capital with us and otherwise we shouldn't consider that option.

Yeah true, every person has their own version of this and there is nothing wrong with having this kind of return, as long as you trust yourself to do something correctly, then do that and you are going to make some good return without a doubt.

However, this doesn't mean that we are going to make some good return every single time, it just means that we know what we are against and we know what we are capable of and that means we will just keep on holding that for as long as possible.

If you try to do something that you are not very good at, like lets say you want to try your hand at leverage but never did good there, then you are taking useless risk that will make you lose money, but if you are good at bitcoin paired trades on spot trading at some exchange, then you do that and you get good results. Everyone has their kind of investment and trading, and everyone should stick to those if they are getting good results, remember, even yearly 30% is a huge HUGE return on long term.

I don't completely agree with your assumption. Loans made for long-term investments are not always bad, especially if you have expertise in this investment field. You never borrow directly without considering your ability to invest, along with the best time and opportunities available. If you borrow $10k from a bank that you can probably pay off in 12 to 18 months from your salary, then your long-term investment in bitcoin could be worth more than that.

In fact, I can truly say that today's successful businessmen were initially capitalized by borrowed money. So I wouldn't say loans are bad, but you just need to consider the consequences and how you will repay the loan. After all, investing in bitcoin is not a scam, unless you blindly invest in all the new altcoins that so far have no value in the market. Of course, the risk of losing is definitely there, it's just that you can always learn to minimize it.

In normal circumstances there's differences between trading and investing, if a friend knows their different,  i think he should choose the one that he think it will favour, in trading  two things are involved is either you lose or gain, but investment brings something huge in returns, but for you to invest patient must involve.
   If he really needs high profit he should invest, but don’t take a load to trade or invest, is not a good idea.

Hmm, trading and investing share many common requirements and different as well, but the most needed and common requirement is self-control, yup you can also call it emotion control, it's not that it's needed in trading while making decisions and executing the strategies it holds similar worthwhile making an investment as well because if you have the self-control you can take better decisions like you can avoid the FUD and FOMO scenarios where 80% investors and 90% traders fall into the market's trap.

I do agree that in trading there's profit and loss the ending results but in investment as well there are both scenarios that co-exist It's highly possible that where you've invested you gain profits or lose all due to improper analysis and wrong approach. Trading is more stressful where you need proper skills to start, where if you are quite good at basics of crypto or any other market you can be a good investor.

Trading itself is highly risky, what more if you chose to trade using borrowed funds, that would only mean increasing the risk and the pressures on earning most especially that trading does not guarantee when to make profits or worst is, you won't be getting any profits but resulted all into losses. Even professional traders are aware of it. Trading can be a good outlet if you aim to make great earnings, but know that trading with high caution will always be a must, regardless if you are a professional or newbie in trading.

I won't advice anyone to borrow money to invest in bitcoin, because if what time for you to pay back is near and you don't have another source of income to pay, I will prefer you take your time to actually invest so that you don't put yourself in a mess of having to pay some back their money. But if you have a job you can invest out of your monthly money, to make things easy for your self,  you can no add up problems to your self I love my life self been free and I love planning anything that will affect me financially I don't think I will do it and if have planned  and it goes well, their people that they already have what works for them and they will decide what will works for them, so we can not actually dictate what works for people and it is better that way since everyone knows what works for them.

Cryptocurrency and Forex trading are  kt an easy field to conduct business. They both have an unmatched risk level when compared with other financial engaging activities.
 
Cryptocurrency trading can easily be co pared tobe more dangerous when compared with Forextrading. That's because, the market movers for forex trading can easily be determined. News is one factor that can greatly move the direction of a thread.in the case of Cryptocurrency, there isn't a definite market determinant. As such analyzing this market is very difficult and so is the trading.

You think people look into that nowadays? No, I am not sure because if they do there is no time most people would go invest money they borrowed from people or all their life savings into gambling. It could be true that they had gone true learning stages but the zeal and despiracy wouldn't allow them to take their thorough lessons on what is best for them to know before jumping into investment or trading and gambling, that is the area most people are finding it very hard to understand.

It is not advisable to invest your all you will end up a big loss and disappointment, it is always said by the expert that always invest an amount that you can afford to loss, they say it because they maybe experienced a lot of losses because in investing it is a win or loss not everytime you will earn and not everytime you will loss.

investment is planned for a certain period of time. it is not advisable to invest everything we have. That is to avoid the possibility of us being in a difficult situation.
the important factor is our financial management. investing in everything does not mean anything we have. but everything we have arranged for investment should be by considering the needs of our expenses and income.
trust in the selected assets also affects the results which will greatly affect our psychology when faced with a market situation that is not good enough.
you say we can't profit and lose all the time. but trust when choosing the right assets can actually keep you in a profitable investment. choose the right assets and carry out the plan well.

If forex trading vs crypto trading, forex trading seems quite complicated to me that's why i never tried forex trading. I am familiar in crypto trading for many years, I have been involved in crypto for over an era but i have interest with forex trading i will start demo trading very soon.

Many have experienced losing with everything that we've got. Even I, I've lost significant amount of money from various investments and trades that I was too naive and new because I was just brave during those times and got enough budget to do some large risks. It's very important to look at your current financial situation if you can take such risks or not at all. It's true that don't invest all that you have and you need to save for yourself as well and every action you do, you need to do some plans what if that trade and investment you are doing didn't worked at all.

Not every investment that we enter and we put money to won't be as effective and successful as the first ones that we've got. Losses are normal and so as winning too when you know what you are up to. Warren Buffett is right about the reminder to everyone that we need to be careful with investing and eggs(assets) of us shouldn't be stored on one space(basket/investment). Because if done and that very investment or asset we have put our money too lost, then we're lost completely.

I agree. Experience and responsibility lead the way in this sphere. You can't hope for a future that will become better without those two, in my opinion.

Now this is one take of yours that I can stand behind. A lot of people assume that just because you'd trade, you'd earn money, and in that regard, they'd put in as much money as they could possibly muster thinking that they'd be able to earn it threefold or more anyway, not knowing that trading at its core is a nuanced venture, and not every attempt at trading would result to a profit. So what should a responsible trader do? Pretty simple, just set risk appetites and budgets for yourself, that you would have to follow religiously.

Soon as you're able to do this, you'd be able to trade without the worry of losing out on so much, and furthermore, you'd still be able to eat and do whatever the fuck you want without having to adjust for allocating a part of your budget to trading.

Also, this goes without saying, but when you gamble, you also have to make sure that you diversify your assets in the best way you could.

It is not a good idea to borrow money and invest in Bitcoin or engage in trading. In fact, we are always advised by experienced traders or investors that we should only invest what we can afford to lose. So, why would someone borrow money to invest or trade when they know they cannot afford to lose it? It is clear that anyone who borrows money to trade or invest is eager to make quick money, which is why they go ahead and take a loan to invest or trade.

Why is it very bad to invest with borrowed funds? Because when the time comes to pay back, due to the volatile nature of Bitcoin, its price may drop, and you will probably have to sell at a loss, potentially adding to your debt. As for trading, we all know that it is very risky, and with any little mistake, someone can lose their funds, which can lead to not being able to pay back the loan.

It may end up very badly for everybody involved, such risks should be considered and worked with properly, you are totally right.

Speaking about trading profits then it would really be just that the same in speaking about diversification on other assets or anything on which it could bring out that potential profits that you could be able to possibly
obtain but of course it wont really be something easy considering that budget allocation or capital is really that much needed. Investing would really be accompanied by a certain risks on which it would be needing up something for you to consider out on the moment that you would really be dealing up on something. Every actions that would be taken would really be having that corresponding risks but the important thing on here is that you should really that know on the things that you should gonna do so that at least you are aware on what are the possible actions taking just incase if shit things do happen.

Budgeting and allocation will really be that part of risks management on which this is something that you would really be needing up on the time or moment that you do find yourself having
dealing into something that involves money on which its a common approach to have rather than on being careless or wont really be minding that much about it.
So it would really be that detrimental on such aspect.

One of the reason why most beginners have always failed in trading is because they rush into it and not ready to get the knowledge which is very important to succeed in trading. One of the difficult mistakes that every beginner should is avoid is to take loan to invest or for trading. It is not even a good idea for one to invest with the only money one has  because trading or investment are unpredictable. Having a steady source of income is important and trading or investing with money you can afford to lose is also important which beginners don't need to neglect this. It is better to learn trading well and practice it than to rush into it trying to make money from it quick . Rushing trading to make money from it fast can lead to lose of money.

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.

Ideally, people won't be brave to trade with loan money if they have no good experience and capability in trading. I'm very sure that most people who use loan money in trading because they already got nice profits. However, there will be always no guarantee for the success in the next attempts. If traders only could take good profits few times, it is better to use their own money. But for the traders who understand well trading and they could prove it by getting profits in trading for few months or years, it is not so bad decision to try using loan money. However, I think those who have been successful in earning profits for months/years should have enough money for the capital. It would be a bit strange if they still have lack of money and try the option of borrowing money.

This is the fundamental in trading. Traders should have no idea to make any decision if they have no knowledge and skills. Regarding using small funds, this is only for beginners. Traders who have a lot of experience, they can use any amount of money. They must have some considerations whether to use small or big amount of money on certain coins.

Exactly. Spot trading is for all level of traders, future trading should be for professional traders only. Unfortunately, there are many newbies who assume future trading is easy to do. They think basic knowledge is enough to deal with the risks. They don't know that spot is very different with future.

You should try to get profit through risky system and continue to gradually increase your experience with small investment initially. You need to invest in getting an idea about the market and engage yourself accordingly with expert advice. Diversify your portfolio by choosing currencies and making investment decisions accordingly and more buying habits during price dips. Along with trading you should have long term investment area because long term investment can earn you multiples of profit.

Before you decide to try profit through this risky system, you must first understand it well and try with a small capital in the learning process, then it will be very good for you to understand because when you fail, you can still survive and correct the mistakes you made and try again until you reach the target you want to achieve.
If you want to buy when it is down, of course it is good, but you must also first analyze whether the asset you want to buy still has potential in the future or even disappears and you will experience losses after buying it and it is also very important in investing or trading we must have funds for our own needs and do not invest all the funds we have, of course this will be very risky when we fail and do not have reserve funds for our own needs.

Who trading with borrowed money i think it's too greedy mentality, those people lost everything in cryptocurrency, no way to succeed in their trading carrier then they blame crypto is scam. Newbies should not start future trading without vast knowledge in crypto trading, they can start their first trade with small amount spot trading but also here they need at least basic knowledge.

I once did that. I borrowed from a friend to trade FX and in less than a week the whole money went down. My friend understood my plight when he found out what happened and didn't bother me about it. Years later when I was able to repay him, he said he didn't want it anymore but I insisted he took the money. He reluctantly accepted half of it when he noticed my persistence.

Looking back now, I wouldn't do such a thoughtless thing. I rather save up the little I can to start trading. Back then I thought small capital couldn't trade and got successful. That's not it. I've had situations where I funded with less than $30 in the same FX I felt anything less than $200 wasn't sustainable and still made something out of it.

Crypto trading requires a long process, not just hearing, seeing, trying, everything goes through and requires a learning process to become mature and proficient in carrying out trading activities, different from investing, you only need to look at the lowest crypto price and buy when the price goes up, sell.

Crypto trading is high risk, if you do it in one go and play the trade, obviously you will go home empty handed, if you want to do it for beginners, start small first, minimum: $10 per top up will teach you what to do and what not to do, putting all that money in large amounts is the same as committing suicide.

Understand the trading conditions in the crypto market first, before going any further, learning and understanding the crypto trading conditions will make you a professional trader.

Although it is true that trading is basically an activity that can provide a number of benefits to everyone involved, of course borrowing money to fund trading activities is a big mistake, and this is why everyone should know and understand what they are facing, because I think if they knew and understood that there is no certainty and guarantee that you will always end the trading session with a profit, then it is unlikely for you to take a loan, even experienced traders always avoid such actions.

Especially for a beginner who does not know much about the world of trading, then in the end it is likely that like what your friend OP experienced, where in the end he lost a lot of money.

Actually there is nothing wrong with your intention to seek profit because all traders also come with the same intention, but make sure that you understand that profit in trading can only be obtained when you have the knowledge and skills that you will get when you have gone through the learning process, meaning don't be too hasty and also understand that there is no strategy that is 100% accurate, meaning losses will always be part of trading that can happen at any time, and this is the reason why taking a loan is always not recommended, because it is too risky.

Right, I agree with you. Whenever a new trader enters the market, they first need to understand that the crypto market is not just about profits. Without thinking and learning, if you invest in a coin, you can lose all your money. Therefore, first, gather information about the coins, which one is more profitable, and how far it can go in the future. It is also very important to invest only the money that you have spare or don't need urgently.

Another crucial thing is that every trader should only invest the amount they can afford to lose because the market is not a guaranteed profit. If you're doing futures trading, a wrong trade can lose all your money, and if you're a spot trader, invest in coins that have previously given people profits and have a high potential to rise in the future.

I have seen new people entering the market and investing all their money in shit coins and meme coins based on hearsay and news, and later they blame the market and cryptocurrency. Therefore, it's better to understand the market well and learn before investing, because there's no harm in doing it late, but investing without learning and understanding will only cause losses and nothing else.

The safest way not to lose a lot in any type of investment, just don't invest your all. Most likely for beginners, they should know that crypto investment cannot guarantee sure profits, so its best to just invest at the amount you are comfortable to lose. Thus, invest at your own risk, and never invest from borrowed funds because once you lose, you will also lose the urge to stay investing on crypto.

But as a noob then it wont be shocking that the primary reason on why you are diving into this space or market just because you are really that eager to make profits, and this is why you have decided or choses up to
deal up with crypto space just because you've seen someone is really that making some serious cash on here, without even trying out to realize or thinking that its not really easy as it looks to have those kind of gains.
You dont have the idea on how hard that someone to make themselves profitable specially on a very unpredictable and random marketplace. This is why its really always that relevant or significant that you should really be that too careful when it comes to financial risks management. Investing all or having that all in kind of mindset? You are really that making yourself that bound into such huge disaster.  :D

Only someone who has either been misguided or is joining a financial market for the first time on their own could think of taking a loan or borrowing money for it because someone with knowledge and understanding of what they are getting into wouldn't do such a thing knowing it's too risky and they can lose the money which can then become a problem for them since the money will have to be repaid within the specified timeframe.

Although both are different, trading and gambling should only be done with money that one can afford to lose which means that you can't use money that is very important for trading or gambling unless you are an expert in the market and you know that you can get guaranteed profit or you know you aren't using all the money at once and you can recover the losses if you incur any.

But still, I would also never recommend anyone taking loans for trading no matter how much they think they know how trading works.

In crypto there are many assets that can be invested, I would recommend dividing it into several coins from the capital we have, the percentage depends on us. For example, we can invest 50% of the capital we have to buy bitcoin, the other 50% we allocate to buy altcoin. And from 50% for altcoin, don't invest in one coin, but we can divide it again for at least 2 coins, we can do that. But once again it depends on us, because the decision is in our hands. Apart from that, the thing that must be considered is that we must be ready to hold it longer, or in other words, the money for our daily needs must be ensured to be safe without having to interfere during investment. We must be able to manage our finances very well, both for investment and for living needs.

Some persons never learn despite hearing about the ugly experiences of others who had taken same decision and ended losing it. I am guessing they probably thought there case will be different maybe because they are genius or something.

We are dealing with a volatile market engulfed with uncertainty that not even the best of professional analysts in the crypto market can safely make a reliable statement about the market. Investing all in is stupid whether with borrowed money or not you don't have to trust a coin 100% that you've to dive all in. Same thing with gambling which is the mother of all disappointment.

Yes, it could be, but I think it is more likely that the action is caused by those who are too ambitious and obsessed with profit, usually they are beginners who come because they are attracted to the profits generated by others, they see it then get interested but the biggest mistake is that they do not do research first about what and how the negative side of trading activities is so I think it is quite natural if someone dares to take a loan because when they are too obsessed with profit then usually their various actions will tend to be hasty.

If we talk about the comparison between trading and gambling then actually yes there are differences and similarities, the similarities are in terms of risk and the differences are in terms of profit where trading depends on how skilled you are in analyzing the market while gambling depends on how lucky you are when running a session, and from the approach then yes of course as you said it is true that trading or gambling is always recommended to be done by only putting in the amount that can be lost, and this is also one of the reasons why loans should not be used as an alternative to fund both activities considering the high risks that can arise, I think it's quite simple.

Having experience and knowledge about trading doesn't even give one the go ahead to take loan for trading. No matter the experience and knowledge one has in trading their is no guarantee that trading will always be profitable,  because of the risk involve in trading it is not advisable to take loan to trade because the market is unpredictable.

 Trading is all about loss and  gain and you can never tell what trading results would be like, it is better not to bother to trade than getting loan for trading. The reason why people consider taking loan is because they want profit which they will depend on but because of how the market is unpredictable it is better to have source of income before going into trading. Trading requires a source of income to back it up.

Many people fail in investing not only because they don't learn about the coins they want to invest in, but because they don't learn about them themselves. So there are people who invest with all the funds they have, and even worse if they use loans to invest when it is safer to invest with funds that are ready to lose.

Crypto investment is good because crypto has the potential to provide significant profits, but if you learn it wrong, losses are inevitable. So what I want to say, the conclusion is that investment must be measured and planned, returning to our goal of investing to achieve financial freedom. Be wise in starting an investment, don't get caught up in FOMO and then take out a loan to invest because you can't predict when you will get profit from the investment.

Having a lot of money and being able to earn it is the dream of many people by doing various important ways to earn money. This mistake is often made by beginners in trading. They dare to lend money from friends who want to trade on the crypto market without thinking that the risks they will face are so big. . It is not recommended to borrow money for trading, let alone playing in several other games such as gambling which have become popular lately. Save money for the future, looking for instant profits is fine as long as you understand what to do, don't lose all the money, let alone have to replace the money borrowed. when trading reverses direction not as we predicted.

If someone is not able, then they do not need to borrow money, sell goods, or other unimportant things just to trade. Trading must be done using cold money - when someone uses borrowed money or sells his goods just to trade and thinks he will get a lot of money, then most likely he will end up disappointed because he loses money. Trade with money that you are ready to lose because in trading there are many possibilities that can happen, and a trader must be able to prepare himself to lose the money he has.

Invest in cryptocurrency through DCA and you wouldn't be worried about your investments because as the market is declining, all you'll be doing is investing more in the projects that you have done research on and have strong conviction that they're the best projects to invest into. Never invest everything you have in cryptocurrency because the best projects that are trending everywhere and everybody is investing into them and hyping the project can turn into the worst project because of wrong management and other factors.

Don't try to be smarter than yourself and always reserve some money that you can use to add to their coins or tokens that you're already holding. Investing in cryptocurrency are risky hence you should have plan B always. The plan B will help you to be busy when the market is dumping.

Do people do that, invest there all, really?

When it so happens that you’re doing this, it’s okay to say such individual have set the stage to fail. I mean seriously, it might be okay at some point, perhaps when you don’t have enough to diversify but, even in a business that is doing just fine at the time, when it gets large enough, you ensure you diversify or at least, insure your business so it could absorb any eventuality and you wouldn’t be sorry.

In making investments, always think of the worst that could happen and use that to hedge against the flaws that might occur to you and that involves, not having to invest your all.

Yes, and one of the reasons why borrowing money to fund trading activities is always not recommended is because it is the same as exposing yourself to greater risks, where first you lose money (if it turns out to be a loss) and secondly you have to repay the loan to the person who gave the loan, and the last is the pressure you feel will certainly be more significant because of the responsibility to pay the loan.

This is the reason why from the start we must know about what we are facing, in the sense of understanding and knowing the positive and negative sides in the sense that not only the opportunity for profit is involved but the risk of loss will always be a possibility that is certain to be experienced by a trader, and finally I will say that borrowing money to fund trading will only cause serious problems for your mental and psychological.

Even myself, I also did taking a loan before and that was my biggest mistake in trading. I never knew until I lose in trading and realized that trading becomes more risky and we get more pressured using borrowed funds. And with that, we lost our patience and focus on trading, because all we think are the instant profits we can gain from trading, but in reality it's actually hard to gain profits from trading most especially for greedy traders.

Wow, it seriously baffles me that in this present age and time people are still making such terrible decisions, even as technologies has made knowledge and information very easy to get in what ever field you which as long as it being utilized, and someone is still making such a terrible decision financially.

I believe that the first rule to every trade or investment is using an amount of money you can afford to lose, so taking a loan just to trade or invest is actually a terrible decision in my own point of view, because it certainly a money you can't afford to lose, so because of that it puts you under unnecessary pressure just to meet up and pay back the money that was borrowed, and in this crypto industry being in a hurry or inpatient will only leads to severe losses if care is not taken, so just as what the op has rightfully said, the market is actually not running, opportunities are always there in the market, so it's best to trade or invest with your own funds than using a borrowed money.

I also started business on loan for the sake of more profit but it was a curse for me and I suffered a lot. Basically being greedy in business is very risky and greed is enough to destroy you completely. In my experience, if one is interested in investing, he should first practice patiance and build a decent stash through regular buying so that he can use any method he wants from his holdings. If one has sufficient amount of holding then he can proceed either way short term trading or long term holding. However, long term investments are much more reliable and can give huge profits as compared to short term investments.

It's humanity, we always make stupid decisions, we all do. Sure maybe not this one exactly but if you look at every human, you will see that all of them made a mistake, and if they are too young maybe they haven't but will make one in the end. Sometimes we laugh at it later on when we realize how terrible it is, but the reality is that we are not going to see this changing too much, we should know that it's going to be something that will take some time but we will get there, we can't really consider this any bigger.

We know how hard this is, and we know how terrible it would be if we are not careful as well, so we do our best. If it's about taking a loan and putting it all on bitcoin, I can say that I avoided by an inch many times, I always wanted to do it too lol.

Everyone may make mistakes, no doubt, but we must learn from these mistakes, the experiences of others, and from the advice that is provided. . Ignoring them and attempting to repeat the same mistakes should be avoided.

Successful investors and traders estimate the risks resulting from their decisions before encountering them.. If there is a high probability of losing their capital, they must work to manage and reduce the risks and protect their capital because if they end up losing it all, they will suffer greatly as a result, which could impact their ability to remain in the market or even affect their livelihood if they do not have other sources of income.  Indeed, borrowing money and then investing or trading it entirely is one of the most reckless decisions because even with experience, the market ultimately decides. And I'm glad that you haven't proceeded with this so far.  :)

Learning could really be acquired into those mistakes you have done or simply this is really that indeed your best teacher because not all things will really be written or can be found on book and it is really just that good for theory.The rest of learnings could really be acquired by experience and this is something which is inevitable and since we aren't that all knowing being then mistakes will really be always next in line.The important thing on here is that you do really know at least on how to blend or make yourself adapt on whatever conditions you encounter.When it comes to trading or investment then going all in Is never been recommended yet we do know on what are the compromises or dangers of it.

There are people who do easily adapt and moved on but there are those individuals who can't easily move on and instead on adjusting they do really that become impulsive and acting like a gambler.When it comes to investing then you should come prepared for whatever risks that you do able to encounter.Make yourself be wary and make back up plans if ever you don't get your target goal in terms of profits. Always secure some back up funds too because whenever you do saw a buying opportunity then better dive into it because the market isn't really just that only having one path to take like if it's dumping then it won't be that forever, there's always a recovery after that.

The number one rule i will always say is never to borrow money to invest or to even trade Bitcoin everything about bitcoin is not stable and I know their are people that have benefited from this circumstance but I don't think it should be something we want to try out, when you fall victim of unable to make profits to keep both the capital and the profits intact then you will have to start looking for means to actually pay back the persons money and no doubt that the person will be on high expectations when the time comes for the borrower to return the money and the best thing is to use your own fund to actually trade if the money does not make it back then you won't bother the highest decision you can do is for you to make a decision that you are no longer interested. And why all this is not advisable because of the risk it comes.  And losing patience when you holding a lot more, and I feel like rushing to trade it was not a good decision at all you would have just continue holding so that even you don't make profit you will be able to sell and return the person money that it was borrowed.

Some people trying to stick with things they read online since what they think its good working strategy for them, but realize later on that everything is not applicable to all especially if they fail on their strategy or decision made. With this experience come out and those who experience the worse really think about those mistakes they made and learn from it that's why some create their own perceptions on what to do next and it helps to create more better movement to get higher success rate to gain for next investment they made. Adaption in every situation is important since from this we provably know how we can deal with the risk and take advantage with it.

Everyone will not succeed on this since lots of people will quit and those who became successful is those who can adapt then still continue to try those risk because they are eager to learn.

A pretty reckless decision and maybe he didn't really understand the consequences of trading so taking a loan from his company to trade was a mistake. Most people think they can make big money in trading and they don't understand at all what trading conditions really are. Trading does not promise maximum profits and trading is more risky to lose money if you don't have the right knowledge. This is an important lesson for anyone that taking a loan in trading is not a good decision, especially if they don't understand how to do it properly.

If you are interested in trading, you should learn it first and if you want to run trading, you should use a much smaller capital as an effort to minimize unexpected losses. But it must also be remembered that using borrowed money in running trading is not a good decision because it will be quite risky to lose and will add new problems.

Trading is an uncertain platform where there is no guarantee of profit or loss. Investing in such a place is definitely risky. But if he can keep his accumulated money in such investments, he will not face much pressure to lose in that case. But if a person gambles with borrowed money or bank loan it will create human pressure for him if his investment is exposed to loss. I would not say investing with debt is bad but if there is no adequate provision to repay the loan then it is definitely not advisable to take that loan. Every investment involves risk but investing by borrowing other people's money is even more risky. My advice to anyone who wants to invest with borrowed money is to invest only in Bitcoin and hold it for the long term as this will increase the chances of getting profits even over a long period of time.

If not because someone is so desperate to make it quickly, I don't think anybody who understands the risks that trading involves will ever think of borrowing money to trade. Trading is very risky, and even someone who has proper knowledge about it still has no guarantee of making profits on whatever they enter. There is no assurance in trading, and that is why I will never advise anyone to borrow money to trade. Let us be wise and stop following all those people lying on social media about making huge profits from trading.In fact, some will even advise that if you don’t take high risks, you won’t make money. Even if someone wants to take risks, the person needs to be sure and have over 70% certainty that what they are doing will be successful.

You are very right many people try to learn about trading by reading various social media and books and enter the market with capital but they should have adopted some strategy like starting with small amount. Every person's problem type is different and he should invest accordingly while an investor does a lot of research before entering the market it will definitely be positive for him if he can utilize his own capital properly. Basically the strategy is to select the right currency and keep buying it periodically and holding it regularly.

Yes, not everyone can be successful in investing, but if an investor can arrange his portfolio according to his environment, he can be successful. Longer term investments should be more focused to minimize investment risk.

I totally agree. Those people are in for your soul and funds, not to help you with the actions you are going to take. It's essential to learn from the trading sessions that you've done and learn from the mistakes made in them as well, by yourself and your own effort.

Yes, that's right, bro, it's best to avoid trading with money from loans because the risk is too high, when you start from loan proceeds and it's not profitable then it becomes an even greater burden for us, start trading from the smallest capital but the money itself is not from the proceeds. borrowing, then the risk is also less than forcing yourself to lend money to trade which can end up making yourself frustrated because of your own mistakes, no one can guarantee that in trading you will always make a profit, there will definitely be losses too, so take the least risk Even though the profits are small, you will be calmer by trading from your own capital, not from other people's loans.

If someone is new to learning trading, it would be better for them to first try to start trading by using a small amount of capital first and this will certainly help them to understand trading slowly and after they can understand it well, they can use capital according to their ability to bear the loss when they fail.
Conducting in-depth research first before entering the market is indeed the right choice to be able to make good decisions about the investments they make and this will certainly give them an idea in choosing the assets they will invest in and choosing to survive in the long or short term, choosing to survive in the long term will certainly be better if we choose the right assets, of course there will be benefits that can be obtained.

Always recommended that you should really be starting up with small amounts if you do really just that been starting on doing trading. We do know that you would really be that prone into tons of mistakes or really that prone into tons of errors on which it is really that common or something that would really be normal when you do deal up with trading or with investment. There might be some situations that you might really be that
having some profitable trades or investment on first tries but always think up sensibly that those are just normal luck kind of dealing up. You should always be considerate about those potential loses and risks that
you would really be that dealing into. We do know that trading or investment is never been easy specially if  you are really that starting from zero or simply being a noob.

It will really be always recommended that you should really be that using a small portion when it comes to capital and testing out different strategies. On the time or moment that you've seen yourself
being sustainable then this is the time that you would really be considering that you are really that making some bigger positions but of course its always been that ideal that  you shouldnt be forgetting
in regarding about risks management on which this is crucial or much needed from time to time when dealing up with this space.

Such people think trading is a very easy task. He first acquires a little knowledge and thinks that he can surely profit from it, and later, if he has no money, he borrows money from anywhere and uses that money for trading. And they lose money at the end, they first need to understand that trading is not easy, as trading looks easy, it is actually much more difficult.

Moreover, whatever the trading investment is, they should never use borrowed money, because it is uncertain and there is a possibility of losing it. Such people think that they can definitely make money from trading or investing. They use borrowed money. And because of extreme greed they lose everything.

So every new trader or investor should be aware of these, know their risks and possibilities, consider all aspects, trade or invest with that money, which you can afford to lose, but before that they must acquire all the knowledge about trading and investing.

Short term trading is very risky if you are risk conscious and you should do a lot of research and advice from seniors to minimize the unwanted risk. The decision to invest in borrowed money is very risky as if you borrow from someone then at a particular time the money must be returned but if the value of that currency falls as a result of the investment your capital will be stuck in the market and you will have no choice but to give money at a lower value and financial loss. for payment. The best way for you to profit is to use your own capital and decide to invest small amounts in the market.

It is true that trading can be done by everyone as long as they have the facilities and capital, but of course trading is certainly not an easy thing, but it does seem as if trading is easy, which is why many beginners experience losses when trading and that is definitely because they haven't yet ready in terms of finances and also knowledge, of course, due to not being prepared financially, there are quite a few people who carry out trading using borrowed money and of course this certainly has a big potential for causing harm to that person because mentally they will definitely not get comfort because trading in crypto is certainly a price movement it is very difficult to predict, especially altcoins, which of course are very difficult to predict their movements, especially if you use them for gambling, of course it is very dangerous if you use borrowed money.

Honestly, I'm sad when I read your story which tells of your friend who experienced a loss while trading but his trading money came from a loan. Yes, of course we have to be good at managing our emotions and don't force investment or trading if we don't have capital that is ready to be lost and indeed we have to be patient, that is, don't rush and of course, knowledge must first be improved, such as learning from fundamental and technical analysis and if we already understand it and mastering new trading knowledge we can trade or invest in crypto.

It's a tough decision to risk, epecially if you are just borrowing your initial capital same with your statements, it's tough to work with how you can repay your loan if the market move not on your favor, there's no choice but to repay and most of the time there's interest with that kind of loans, not unless you have other sources of finances or you have a good stable job where you can finance your loans, though that still a loss if you don't know the possibility if where the market is heading, it's more on your understanding and how well you are in dealing with your research, you can take that big risk if you know well the venue of your investment.

That is true, if you fail to pay your loan back then it is not going to be good at all, people lose stuff with that type of move and I do not support that at all, it is not really good at all. We should just keep saving money to use for investing and if we can do that then we are going to be fine. Many people end up making too much mistakes and I feel like there were moments when it is going to be life changing to get some loan and get rich, I know the bull period and how it makes people think, but you could lose it all as well so there is no reason to keep doing that.

I feel like the best thing to do would be just making sure that you avoid all of this and not do anything good with it, I personally would look at it like it is something that could take so much risk. I believe that if you take out a loan, it must be for something that is guaranteed to increase your income, that way your income will be higher forever and you will be able to pay your loan back.

I totally agree, risks are not worth it, and the situation may go south very quickly.
Using loans for it is a sentence for sure.
You should only use the funds you are willing to spend. That way, you will ensure you are going to be okay in the long run.

Actually, I feel that borrowing is not something wrong, as long as we can pay it back. Many people are in a hurry to do something and borrowing becomes a temporary solution. However, the best thing is that we can pay the loan using the money we have. However, the mistake is borrowing money that may be too much and may be difficult to replace. However, we do have to prepare for the risk in trading so that we don't get mentally affected when we get a loss

Just the same with those rich and wise investors they use the loan to finance their business and they by doing that they are able to repay the loan and eventually convert it as their capital, I guess if you know how to handle the risk then you can use that money as your advantage but if you don't know how to handle the pressure chances that it will lead you to lose and leave that loan as burden that you need to double time paying your debts.

One of the main considerations if you would really be trying out to take up some loan is on how you would really be able to make utilization of the said loan amount. If it would really be used by means of investment or business then it is really that something worth to try or risks on, but if you are really that making use of those loan amounts or even with your life savings into something which doesnt give out that benefit or making up some potential income or profit then it would really be better that you shouldnt really be taking up such step. We do know that when it comes into this aspect then there would really be that kind of considerations or wise thinking about things that you do really that mind about. Investing does comes with a risks and it will really be just that normal. You wont really be able to gain up something if you wont really be taking up some risks or actions because in order for you to have that progressive financial condition then you should really be that considering on taking up steps so that you would be able to achieve something.
The thing on here is that you should really be that wary about those possible loses of money because we arent just that talking about getting those profits constantly.  ;D

There is a rule that all investors must strictly follow: "Don’t put all your eggs in one basket". Of course, if fortune favors you, you can make a big profit, but you should not play roulette with her. The risks in any business should be adequate and in case of failure it should not lead to bankruptcy.

Of course, although this is not gambling, make sure that you only allocate an amount of money that you can really be responsible for whatever the results. Responsibility is a skill that every investor must have, the market is not silent, fluctuations are very likely to change a profitable situation into a loss, and this is why a trader must be responsible to avoid emotions when they experience losses.

On the other hand, trading is not gambling, it's not about how lucky you are when running a session but about how skilled you are in analyzing the market and executing every opportunity you find. Therefore, this is why a trader must always be willing to learn new things related to the world of trading, because that way you will be able to maximize your chances of profit but can also make the percentage of losses smaller.

Trading seems easy especially during the bull run. You'll just think that trading is simply buying low and selling high. But when reality hits, you'll be shocked. Actually, trading is free for anyone to try out but it's not necessarily for everyone. You must be emotionally balanced to try out trading.

In trading, one thing is to get the knowledge, another is to have the financial ability to raise trading capital. In some cases the later is always a problem. Borrowing money to start trading should be the last resort if it's even permissible.

Please, employ punctuations @Op.

You know what most people think about trading is that immediately they join trading they began to make huge amount while trading without knowing that the market doesn't function that way. People need to study very hard and understand the prerequisites of trading before unleashing whatever amount they seems to have to used and trade with intensity of creating huge profits from there start up. I will always advise people to use what they can be able to lose to trade and do not take borrowed money or a relative money to trade.

When someone thinks that they will be able to profit easily on the trades they make, it is certainly very inappropriate because there are many things that they must prepare to be able to make profits from every trade they make, because without having any preparation, of course they will easily spend the funds they have on the trades they make.
Using funds that they can afford to bear for losses when trading is very important and do not let someone who is just starting to trade with large funds and it will be better for them to first try with small funds until they really understand the trading and then try with larger funds in order to make greater profits.

Diversification is all good investment and it is not really  cool when one egg is placed in one basket. But before one is thinking or making plans to diversify investment it is important to know what you are diversifying into, Diversification shouldn't just be based in making profit only but to know if the investment is a reliable one that is worth investing money into. Many investors goes into Diversification all in the name of making profit in the wrong investment. It is better to stick in one good investment than to diversify into wrong investment that can lead to lose of money.
The goal of Diversification should not be only for profit because if we consider only profit and not to know the worth of the investment it can lead to lose. Only diversify to investment that is profitable and reliable, these will surely yield value in every investment.

because losses are unavoidable in the trading process, just like when we invest or gamble, we will only use money that we are ready to lose. although in the trading process, no trader wants to lose, but in reality, the situation is difficult to force us to remain profitable.
financial management and trading planning are very important in trading. so we also have to know when we should exit a trade at a loss, or force ourselves to wait at the risk of losing all the money.

Someone who is start their trading is not meant to start with large funds especially if that person hasn't understand clearly how the system operates should not find their account with huge capital better still can go with 100-150$ respectively till they understood how the system of buying and selling works. On the other hand when they start trading with amount above that it would stir them to lose more and can't control trade.

When you are still that a noob then most likely you would really be thinking up this way and this is something that cant be denied on which most of us will really be having this kind of mindset into those times or moments that we are really just that starting up. We do know that there would really be those moments or conditions that we will be thinking or assuming that the bigger capital you do have the bigger profit you
could make on which this is undeniably true but since we are still noobs and doesnt have that much experience when it comes to this manner then we would really be having that higher chance on committing errors and mistakes on which it would be causing up for those high capital start up would be ending up on a disaster. This is why on the moment that you are still starting then small amount start up witll be recommended.

You should really be that trying out to figure on how this market works or would be behaving. On the moment that you do already have a good grasps of it or on the time that you do already know
on how it works and what are the things that you would gonna do, then it would really be that up to you whether you should be increasing your trade position or not.
Along the way, you would definitely be making yourself having those kind of realizations on how you would really be that dealing up with things accordingly.

It usually depends on how much time a person has spent in the market and how much they understand trading in general. Most people who tend to lose their money easily in this market are those who know nothing but think or behave like they know everything. They are basically influenced by what they see around them when people create clickbait images and videos about how much money they earn in this market without talking about the risks and everything.


Again, it's all about having the right mindset. If you don't know something, just acknowledge it and accept it because if you don't do that and try to over-smart when you are not even smart enough, you will have to face the music. Take things easily at first when you know you can't handle a lot of it at once, give yourself some time, the market isn't running away, there will always be more opportunities for everyone coming into this market, so don't rush it.

There so many things that we need to be avoid when ever we come to trade, the first thing is that for someone to go and taken a loan just because he wanted to trade, which is wrong decision,  because a person who’s really ready to trade will not go and request for a loan; what if on his first day of trading he lost everything how is good to explain it will end up of debts.

That’s why people who know much about trading always said that if we want to trade we should trade the amount of money that we can afford to lose, but is like not all people are comprehend that word; and the main problem problem is lack of patience is what are leading so people in trading.

Therefore from that failure we can try again to become bankrupt, so it's true don't put all assets in one coin when one coin fails there are still other coins that can generate profits.
Sometimes there are still people putting all assets in one coin with the desire to multiply, Yeah if it's lucky what if not? That's what should be thought about not about profit but how to deal with risk when it occurs.
Diversification is better, because some professional investors do that strategy so that they don't go bankrupt, so I myself do it.

I have seen people sell their properties just because they want to trade, which doesn’t make sense, if you want to be a trader, then trade with what if you lose it’s not really going to affect it. When some people lose in trading, it does end up causing some health problems to them, and I have heard it before that a young guy committed suicide after losing everything he has to trading. If we want to be traders, make sure we use a small amount of money from our savings to trade, then with time, the account can be grown, maybe after making profits, we should have some percentage that we will withdraw from our profit.

Since he has a source of income, in case he loses the money, then he will be able to pay it back because it’s going to be withdrawn from his salary, but some people who do crazy things like taking loans don’t even have any means of paying back the loan even if they lose the money.

There's always a need of alternative plans, putting all your investment in one project means risking everything, like you mentioned what if you are not lucky and your investment failed,  the outcome will ruined you financially and mentally unlike if you have other options and you managed to monitor everything the right way,  if you failed from one of your investment there are other that might still going to work and will allow you to bounce back, more on how you assess and analyze its a self explained opinion I guess.

I don't think it's a problem if they sell their property just for trading. if they are confident that trading can double their investment than invest to property, then there it no harm in continuing it as long as they don't use their family money. The problem is many people thing to trading by sell his property where that house owned by many people like family. so when he loses and spent all his capital, their family want return the demands. I am planning to sell my house now, because I feel that investing in a house it's does not give me maximum profit than trading on crypto. I just calculated it and want to realize it before Bullrun begin.

he cost of building a home can be much more frustrating than the prospect and long-term payback. I think investing in crypto can be very rewarding. Of course the risk level is relatively high but if you can buy crypto by searching the market cap with the right selection, you can make a lot of profit in a short period of time. However, different time intervals should be given importance in purchasing and the decision should not be taken to invest the entire capital at a particular time. Basically your future profit depends on the trading strategy.

There must always be two sides that we must consider, not only considering when we can get profit, but also must consider when loss befalls us, because investment is a space full of risk, because the market is not always friendly there will be times when we will experience something bad, maybe not a loss but it will take a very long time to be able to get profit again.
dividing our money into several assets is a choice that we can do, I think I don't need to explain again what benefits we can get when doing that. Don't let us make the wrong decision, because it will determine the future of our investment.

And profitability isnt something that you could really be able to make yourself having that kind of assurance on the moment that you would really be making some investment here on crypto and also it would really be that varying whether you could really be able to make profits in a short time or would really be in long term, or it would really be also basing up on how much that you had invested on which this really does depend
into your own choice and preference on which we know that this is something that will really be that depending on how well you do take up the risks and prepared out on what would really be the outcome.
No matter what your plan is when it comes to crypto investment then make it sure that you would really be that wise when it comes to this aspect. Dont make yourself that trying out to chase up or having that kind of
optimism that you could really be able to make yourself handle it out and make profits. Always assume that there would really be those hard moments.

Risk management would really be something crucial and something which you would really be needing on the time that you will really be that engaging on any investment or any business that you would be dealing of with.
Investing all or would be going that all in thing will really be that something which is really that not ideal. Always set back up plans and main considerations on the moment that you do make up such decision.

This is the reason we are always advised to respond and assess everything we find from various sides, use your common sense when assessing something you have just found so that you do not only see the activity from its positive side but also see other sides such as the negative impacts that can be caused by the activity, because that way you will be able to make the right considerations that will make you make decisions that are in accordance with your abilities.

When you see an activity from its positive side only such as its profit opportunities, it is clear that making the wrong decision is very possible for you to do, as was done by someone in the OP story where he did everything he could to get involved in the trading world such as borrowing money in the hope of getting bigger profits while on the other hand he did it without any knowledge and skills, then it is very clear that in the end losing all the money you have is a definite possibility.

Therefore, do not only look at the positive side when you find something new, look at the other side such as the impact that can be caused by the activity by using a rational mindset, and you will know and understand that there will be no profit without sacrifice such as the learning process.

A situation where by traders take loan is so common, I had a friend who used house rent money for trade and end up not making any profit. Trading can’t be done with pressure especially when a person is urgently in need of the money to an extend of taking loan or using money meant for something else, I think traders need to learn patience as a daily practice when trading.
Trading is unpredictable so in other words going all is wrong, traders who are financially stable will find it easy learning faster than a struggling trader but, despite the difficult situation I will advice a trader to stay focus and avoid involving in loans etc. secondly considering the worth of a building is so expensive and I will not advice anyone to sell anything for crypto investment or trade.

Yes, I just calculated it, and know when exactly time I have to buy crypto. I also have experience with it, so that I can calculate how much I have to take the profit and how much I have to reverse the capital. The important thing is that you have to be sure about what you are doing. The house is an important thing in our life, but it's not necessary to own it, you can live in rented house, or live in or boarding house as long as it doesn't interfere with your finances. there are certain times for trading crypto which can you maximize your profit like halving time bitcoin. But, don't expect too much, you have to ready to any condition where your money can be lost forever, and you can be poor when don't understand the timing.

Yes, if you do not have proper knowledge the risk in trading is high so it is better not to use loan money here. Here some traders find trading more profitable but it carries with it the possibility of some risk and also incurs losses at times. Adopting a proper strategy and executing it perfectly is very important. Not much amount according to one's ability first start with small investment then even if it goes towards loss the number of losses will be less.

Individuals that behave in this way don't use to make money from trading, they're too quick to close their trade when the market is shaking as they become afraid that if they keep the trade open that they can lose.the money as they're using borrowed money for trading. They won't be thinking straight therefore mistake is always going to happen. Traders shouldn't be greedy and use any money that they own to trade. If they're good at what they're doing they can grow their money to a bigger capital then use the capital to continue trading and make a fortune for themselves. Using your house rent money is worse as that's a money that was meant for something important.

I agree with you. Initially small amount investment decisions should be taken as you should try to understand the market conditions and later proceed with capital growth strategy based on your experience and profitability. In trading you have to bear risk which is normal but choosing the right currency and buying more at bearish times helps you reduce the risk. If you want to take up trading in a profitable way, enrich your portfolio and can take any decision later.

Obviously, in this way they are trying to get rich quickly and do not want to slowly increase their deposit. It is possible that some of them will be lucky and they will be able to earn and pay off the loan, but most will lose this money and will not be able to pay off the loan.

If the one who wants to start is still very new, I think it would be good for him to know some important ways as his basic knowledge and continue to increase his knowledge as a direction that he will use later or when he starts trying it with some capital that he can use in it. Because it would be very risky if someone who does not have basic knowledge in trading immediately uses large amounts of funds and that is not a wise step for him to take. I actually agree with what you said, but the basic knowledge sector is something that is much more important to get than starting it directly with small capital.

Exactly, trading is a risky activity and profit in trading does not depend on luck but rather on how skilled you are in executing the market, this is the reason why a trader is always advised to continue learning especially for beginners, because when you have more knowledge then the possibility of loss will also be more minimized, and if it turns out that you only have a little knowledge or when you are a beginner then you borrow money to fund your trading activities then I would say that it is the right idea to direct yourself to many disasters.

Let alone for a beginner, even for those who are already experienced enough, making loans as an alternative to fund trading activities is quite prohibited, because in the end often the idea makes a trader experience mental and psychological problems especially when they experience a number of losses, so the point is to stay away from the idea of ​​borrowing money to fund your trading activities, this is a high-risk activity, it is better to learn more first and you can come when you already have cold money.

Making loans to invest is basically not completely bad for everyone. Some people can get large returns from their investments, even if the main capital is from loans. But taking out a loan to invest is a risky choice, especially if there is no collateral to repay the loan if all investment plans fail.

The success or failure of an investor in obtaining returns depends greatly on the strength of his capital, knowledge and courage in considering risks. There is nothing without risk, it's just that the best approach to investing is the first step towards success. There is nothing wrong with making a loan, as long as you are responsible in any way you can pay it off.

I know a lot of people tend to view trading not in the appropriate way because I see no reason why you will go and take a loan just for the sake of trading altcoin. It is not encouraging at all because why will you borrow money based on a probability that you are not sure you will succeed? There is no point in that. because most of the time those that usually take such decisions to borrow money in order to trade are those that have less knowledge on it because if really you have a lot of knowledge about trading aspects, you will also know that it is very wrong for you to borrow money just to trade because it is very risky and can also lead to a great regret.

When someone misunderstands trading then it will be very unlikely to be able to make a trade by making a profit and choose to take a loan just to trade altcoins then of course it is a very risky decision and if they do not succeed in the trade made of course they will have problems in settling their debts.
If they do not understand trading well, of course, they must first go back to learn well about trading so that they do not make mistakes that make them regret it when they continue to fail when trading, because without having the right knowledge and also funds that they are ready to trade, of course, it is not yet the time for them to start trading.

Ambition is allowed, but must be good at navigation. If not, the risk of default is in sight. Temporary loans are considered quite good to do, especially if the potential coin is dropping in price, but every request we have submitted, of course, has a repayment deadline too.

If the repayment deadline can be worked around with the lender, I think it's okay to wait for the market price to rise again if not, only disputes will occur.

Investment is something that is risky, and the risk will be twice as big if you use the results of the loan. If we talk about the best possibility of the profit that will be obtained, it is indeed very tempting, but try to consider the worst possibility of it, I am sure if we see the worst possibility then we will think twice about taking a loan to invest. Keep in mind that investment takes a long time until we can finally get a profit, while loans usually we have to pay in installments every month to pay them off. If we have an income that can cover it, maybe it won't be a problem, but sometimes there are things that can hinder us even though we previously earned income. The question is why not try to be patient using our income? There are many strategies that allow us to do that.

Loans are risky if the only way out of them is to get the odds towards only one possibility.
It doesn't go that way usually.
Trade with what you are willing to spend, and don't think that taking a loan to get the potential for your trading positions is only gloom - it can also become doom without the proper analysis and risk-management.

Well if we invest all of our fiat then there is a chance we can lose all of the investment. It is important for us investors to only invest what we can afford to lose if it does happen like this.
And not to take out loans to invest in crypto. It is just so volatile so anything can happen. And then that loan we have can be worth more then it was if the price of the coins drop big.
Trading crypto just by itself is very risky. It is not for everyone. And we must have alot of patience if we want to make big profits in the far future.

That is where the problem of the loan will definitely start from because you, as a lender, can’t give a loan and wait for the borrower to get profit in the market before he/she can pay you back your money. You need to maintain the agreement that you made to collect your money that you lend out in time. 
 
So I don’t think you will like to take it easy on someone that borrowed money to trade alt coins and ended up losing. Then you will try to give him more time so that he will be able to pay you back some of these alt coins if they dump; they hardly rise again, so what did you expect from that? You, as a lender. To me, I don’t think it is even a nice idea to take a loan just for the sake of trading alt coins. 

You are totally right.
And lenders can be not so kind afterward. It's risky and should be considered the final-straw option, in my opinion.

Investors should avoid the tendency to take loans as crypto investment is a risky area and it is better to use your savings or discretionary income as much as possible. Capital raised through debt doubles your investment risk.

This needs to be taken, as you mentinoned loan money will adds up to a pressures especially if you are just a beginner, better to use spare money or part of your savings which you can let go in case things won't turned to your favor, there are risk managements that you need to work and better analysis should be consider before placing your investment, and the best thing is you always have alternative options to avoid losing everything.

The primary rule when it comes to investing on which it isnt really just that limited to trading but also in other investments as well on which never ever make that consideration on taking up some loan
just for you to deal up with some investment. Although there would really be some considerations or moments on which loan money will really be your last resort and something relevant on which of course
this is something that will really be making up some offline business or investment on which you do seem that does have the potential but just like been said that taking up some loans just for the sake
of investment isnt really that recommended as much as possible. If you do have that money to spare or invest then to the amount which is available then this is something that you should make use.

Investing will really be that accompanied by risks on which its really that common that you should really be that considerate on taking up such risks on which of course it doesnt really have
have some assurance but it will really be  giving out at least on the chance on hitting up that kind of profit goal on which we do know that nothing changes if you wont really be
doing any action or any steps towards this kind of stuff. Invest on what you can afford to lose.

Of course there a big problem; because we all know trading is how risky investment, so it will be just foolishness for someone to invest in trading but sell his property, because trading sometimes like gambling if trade will beginner, so in that case everything will lose, it's not guarantee that money will double in trading, so this people can homeless if will loss everything.

Selling something or any property or possession just because you are planning to have some capital in trading then this is really a decision which is really just that too much. As much as possible you should really be that making use of an amount that you can afford to lose. Make out some incremental increase if you have seen yourself that being having some progress when it comes to profitability. Cant really be denied that when you do have that bigger capital then the potential profits that you could get is really that much more bigger or better. This is why some people will really be that rushing up into their decisions on trying out to make use of bigger capital because of this kind of thinking on which this is really that a careless approach. On the moment that you do gain up sufficient experience and awareness then those insights would changed up overtime.
When doing trading then its true that it could be gambling sometimes on which on the moment that you dont really know on what you are doing then it will really be something that will be putting up you in trouble.
Investing or putting up some money in trading wont really be guarantee that it could make out profits on which it will always be determining on how well you do make up some trades. There would really be tons of factors that affects out your profitability on which it will really be just that wise that you should really be mindful on every steps that you are making and of course risks management will really be that crucial.

I will never advise anyone to invest all in crypto, because anything can happen that will make your family members to need your financial support or you need money to solve the issue without trading your crypto to get the money to solve the issue. When you invest what you can afford to lose in crypto trading, it will help you to stay long in your trading to earn profits that will make you feel an expert in trading because once you become an expert in crypto trading, it will make other traders to follow your steps to become an expert in the future because they have seen some positive results from your trading.

The loan worked for Mr A in crypto trading doesn't mean it will work for Mr B, so try your best to save some money that will make you to be bold to investin in crypto and hodl for the price to pump before you can trade, and it will help you to save enough money that will turn you to millionaires in the future.

Trading is done under certain rules and regulations. Capital investment is also done keeping in mind certain rules and regulations. Some principles should be adopted into consideration and taken care of in the investment of your capital. Do not sink all your capital in a hurry. And which you will regret later. but it is also said rightly said that "No risk No gain". The person those have the courage to take risk often are successful. But after all of this, This is not a wise man task to invest all of your capital. But should save something for difficult time.

The adage is true, when we dare to take risks or get out of our comfort zone, we are likely to get benefits. However, the adage will work if we have proven knowledge and experience in investing. The point is, sometimes we have to be brave but with careful calculation.

Yes. Every investment and trading, there must be rules that we must not violate. When deciding between saving and investing, it is important to understand the purpose of both. Saving is for short-term goals and emergencies, while investing is for long-term growth. Because one way to minimize anxiety when investing in the crypto market is to make sure you have cash reserves before investing in the market, and never put all your money in one basket.

yes this is the real world that if you not ek d risk you will not able to gain. but always you have to take that responsibility of your investment. because your money is only for your if you invest but trade any amount without any responsibility then definitely you will lost your fund and after that you get panic and make some wrong decision again and again. emotion is a big factors on trading or gambling. when you emotion influence you every time you trade. that's why DCA is the best strategy to invest on cryptocurrency or any others sectors. and my strategy is to invest 10 to 30% once on the single investment. I think this will help me to protect my big loss and control my emotion

You should always take that into consideration before stepping inside investment, those kinds of strategy will lessen the chance of losing all your money, most of those who took a big risk of investing all in are those who are new to this business or those who are really willing to let go, but those who got plans and understand the possibilities they always have alternative plans and diversions of their assets, not all will take that big risk and make thier investment in just one asset and risk their money.

I think that if your friend really took a loan, he probably didn't put all the money he borrowed into trading. Also, if he invests all the funds he borrowed in trading and he has extensive knowledge in trading that he knows he can grow the fund, I think that's fine.

But if he still lacks knowledge in trading, he will put it in the exchange; that is not ideal and a good way to grow and get profit. And if I had an understanding of trading, I would not have invested all the money I owed in trading.

One should always invest with that amount of money which loss will not have any bad effect on life. If investing all our money in a crypto platform then I would say it would be the biggest wrong decision for us. If you invest here, there is no guarantee of return of money, so why invest all the money here and create the possibility of your own financial deterioration. Even those who have minimal understanding of investing will advise investors not to invest all their money.

Totally. It's essential to use only the money you are willing to spend on anything you consider profitable in the long run.
Many things can go wrong, but we should remain responsible nevertheless.

I do condemn the act of borrowing funds to trade, because trading is all about risk and you need to take adequate measures when you're trading knowing that risk of trading is not measurable, you can lost out what you borrowed within short time you trade, for me it's better you used your earned money to trade so that when you lose it will not have much effect on you

gambling is totally different from trading, because the chances of you loss very well in gambling is 100% available, because its not a skill, why in trading you can recover it, and you can equally amend the you lose in trading, but what I can't encourage you to do when you're not active trader is not to lend, because trading or gambling, the risks involved in them is too expensive, ensure that in trading whatever you are using to trade you can afford lose it.

I agree, it's risky, to say the least, it's better yet to only use the funds you are willing to spend while trading. Your sessions should be with your money only. Otherwise, it can end badly pretty quickly.

Well I'm not going to deny the fact that I once did this I borrowed alot of money from my friends to trade because I had this mentality that I could surely flip the money I even went as far as telling them that I would pay them back the following week with interest
I really don't know what gave me that courage I was just so naive and didn't understand properly how risky trading actually is
That's why I would always advise any one new ro trading to trade with the amount they can afford to loose don't trade with a money that is needed to pay a bill urgently or money needed for a particular expense if you do that you might just end up loosing it all
And the thing about trading with your free money is that you are more relaxed and you are less prone to making irrational behaviour unlike trading with a money that was borrowed
Where you panic over small losses and don't actually take rational decisions
Well this is my opinion I'm open to correction

Of course, and this is the reason why many people say that try to always use the amount of money that you can really afford to be responsible for if it turns out that at certain times the amount of money decreases due to fluctuations in the nature of the market, the opportunity for profit is indeed wide open but the possibility of loss will also always follow the accumulation of investment assets that you do.

Many people also say and suggest not to use borrowed money as investment funds, or use the amount of money that you think you will use for a need in the future, and the point is to use money that is not used for anything, because that way your mentality and psychology will not be too disturbed when the amount of money is reduced at any time due to the nature of the market.

In fact, many experts recommend using money that we are willing to lose in making investments, especially in crypto, and trading. We know that the money we use can decrease by tens of percent in a short time. This is very bad for people who use their main money, especially if they are new to trading. Sometimes, the urge to make big profits in a short time makes us willing to take risks. However, the risk will really be felt when it happens, and when you realize it, it's too late. So, it's best to use money that we are willing to lose.

That applies to long-term investment but to get profit in a short time there is nothing wrong with taking risks and in crypto trading I think every risk that exists will be worth it with all the possible benefits.
For long-term investment I agree as you said, use money that we don't use in our daily lives and forget about it to take profit in the future because if not there will be many mistakes that can occur in the investments we make such as panic when market prices fall or selling in a hurry because of sudden money needs.

Yep, short-term for potential + risks, long-term - for the stability of the investment made.
It's essential to remember the goals you've set beforehand and don't be too greedy, because the market doesn't forget or forgive that.

Don't invest everything means not to invest beyond your ability, it will result in the emergence of risks such as those that have fatal consequences, for long-term investment or daily trading I think it's the same, we can't force ourselves to do that with all the money we have.
Everything must be well controlled and the plan made from the beginning will affect the possibilities at the end that we expect.

Invest or trade according to your ability, and if you have patience and knowledge then you will be able to get profit but if you force something in trading on the grounds of taking big risks for a big profit then you will experience losses.

Trading with borrowed money is a mistake because there is great pressure that can make traders make wrong decisions because they are too hasty in wanting to get big profits.
It is highly recommended to trade with money that we can afford to lose, because not only profit can we get but also losses because the market can still move against the analysis, it could be because of wrong analysis or other factors that make the market move against it quickly.

And you have to differentiate between trading and investing, your friend trades because he wants to make money quickly because investing takes longer to see the results and agrees that everything must be done without rushing and never go all in.

Sometimes a beginner cannot distinguish between trading and investing and several types of trading that will be used.
A trader will trade quickly to make a profit, using the scalping method so that every price movement that occurs will make a profit.

This also happens to traders who use the Swing trading method, it will be longer by waiting for the price to break through the bottom support and will sell it when the price touches or breaks through the strongest resistance.

And long-term investments should be used for coins that are intended as long-term investments, such as buying bitcoin and then holding it until the new ATH is reached or the main price target is reached.

And yes, as discussed in this thread, don't use all your capital for investment, do management so that everything can be managed and use a strategy that is suitable for the type of trading or investment that is applied.