[Q]To take a loan or not to

[16xypjnxlrew]

lol, your whole tread was a joke and members just went with the flow. not really sure what's your goal here. if it is for the sake of trolling good luck to you, but if it is to try and ruin someone's reputation I think you'll fail with that.

to anyone who might be curious here the thread I am talking about 1,999.91$ Loan Urgent - Are Copper Member •DireWoIfM14• is extortionist?!

also, sorry if the post is off topic.

What kind of bad reputation are you talking about if it has already been damaged by him earlier? Please see another thread on bitcointalk that was created before me. Look it this     - https://bitcointalk.org/index.php?topic=5402709

[Yamifoud]

In bloodbath times, I tend to think to take a loan and invest in few prominent currencies and leave it for few years. Then I realize what happened to Luna and realize there is nothing surefire here.

So, there is risk in taking loan but then reward is high, and there is sense of safety in not taking loan. You would be kind of free? Yes you didn't make much/took advantage of market downturn but you are free, you have nothing to worry for?

You can take a loan actually but don't use it to invest in crypto but rather put it into the investment where you can assure good profit at the end of the month (or at least).

However, if both parties will agree with the term and conditions being presented, then that's up to you then. But I suggest for you OP not to just focus on investing crypto this time. With that borrowed amount, I highly recommend splitting it in order to minimize risk, and at least, if ever you lose there is something that could be able to save you.

[Taskford]

In bloodbath times, I tend to think to take a loan and invest in few prominent currencies and leave it for few years. Then I realize what happened to Luna and realize there is nothing surefire here.

So, there is risk in taking loan but then reward is high, and there is sense of safety in not taking loan. You would be kind of free? Yes you didn't make much/took advantage of market downturn but you are free, you have nothing to worry for?

High risk high rewards on some other things if you are lucky but can you able to handle the worst situation if your actions made failed? You might get broke for wrong decisions made so best to be more careful in situation like this we don't know if the coins we bought can stay long and we know what happen to Luna is so bad in crypto history so best to take only on your pocket what you can afford to lose  because for sure you will be saved from massive head aches for that.

[boyptc]

Doesn't legal loan usually ask you about purpose about loan? I doubt it'll be approved if you say you want to invest on cryptocurrency.

This is true, if he's going to tell the truth that he'll use the money for the investment he's about to get in to cryptocurrencies, they'll probably automatically decline it. They're okay to approve loans if it's about traditional businesses but maybe this will pass on for "personal" purpose.

But @OP, I'll not do this move.

I'll save money and that will be the one I'll use to invest. I've seen people that have ended up with a bad result by doing this idea. Despite being experienced and knowing about the market.

[16xypjnxlrew]

This is true, if he's going to tell the truth that he'll use the money for the investment he's about to get in to cryptocurrencies, they'll probably automatically decline it. They're okay to approve loans if it's about traditional businesses but maybe this will pass on for "personal" purpose.

But @OP, I'll not do this move.

I'll save money and that will be the one I'll use to invest. I've seen people that have ended up with a bad result by doing this idea. Despite being experienced and knowing about the market.

Did they use leverage?

[libert19]

Thank you everyone, won't take loan