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Author Topic: do not invest in crypto from loans.  (Read 1057 times)
lizarder
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February 22, 2023, 06:57:49 PM
 #121

We already know some of the advice that is so embedded in their words with borrowed money for bitcoin investment actually it's not the right way I can imagine how this happened and of course, the price of bitcoin is easy to go up and down and not so fast to go up to return profits because all of that is not does anyone know then it's better to have cold money to bet on bitcoin it won't be a problem next but we just have to be patiently waiting for the bitcoin price to be really high again.

The risk level of the loan is high and we have to understand that monthly installments have to be added plus interest. Of course, it's true that you said you have to have spare money to cover all monthly payments, but I'm not too brave to take this risk because I don't want to be a burden or there will be big problems later, especially if there is no good financial management.
Most people do not pay attention to the level of risk that will be incurred after the loan is made, so that what is imagined is only the profit when they want to start, investment is not like a mathematical calculation in the formula 1+1=2, that's why borrowing money to make an investment is not recommended at all to do, under any circumstances borrowing money to make investments in my opinion is not the right step, because price fluctuations will lead us to problems with the money we borrow.

It's different if someone has reserve money to cover monthly fees for a loan taken, this money serves to cover when bitcoin conditions don't match the investment scheme being carried out, so there's no need to sell bitcoins to pay monthly fees. Even so, it is not recommended to start investing using borrowed money.

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