My business method how i make money i borrow and lend money

[Ndabagi01]

I am still trying to understand what you’re trying to get at that made your post to be long enough and not just go straight to the point. What I only understand in your statement is that you’ll take loan for yourself and pay back some percentage to yourself. How does this makes sense or am I the one missing something and don’t really comprehend the message you’re trying to pass. This your method is not making sense to me and anyone that wants to employ this method will only be risking anything they decide to put into this. If it was that great, you won’t have been here and chasing after something which is still unclear as your motive.

[Renampun]

the question is how can you borrow that much money easily? because as far as I know in the bank you can't borrow money as you please, there must be a guarantee that you give to the bank to approve your loan. and moreover I don't understand anything you say, especially in the line "So i borrow from myself and pay to myself" what is that, at least you should be clearer in your writing so that it doesn't confuse other people.

[kryptqnick]

I must say that, like some others, I don't understand how you're borrowing from yourself in that situation. A loan with a fixed interest rate sounds like something taken in a bank, so not from oneself. Basically you're taking a $3k loan, investing it all in crypto, and then expecting that if things don't work out you'll sell a part of crypto or give it back to the bank? That plan relies on the crypto investment growing in 3 months. But there can easily be a bear market.
So what if the $3k you borrowed and invested into cryptos becomes $1.5k in 3 months if you sell those cryptos (because the prices fall)?

[CageMabok]

...

This theory of yours has every susceptibility to fail and put you in so much indebtedness eventually. Using an entire country government to compare yourself as a way to create wealth for yourself following their borrowing strategy sounds attainable on paper as you have explained in your op but practically it's unattainable. A country has its resources and means of generating internal revenues to cover for certain financial loophole's when their borrowing goes wrong. The y could even declare selling their shares and the public will hastily buy.

One thing that must be done when someone has a loan in the form of debt is to keep paying it back without any reason, as well as other parties such as the country and companies. So everyone who wants to take the loan must be clear about what it is for so that they do not fail when they have to pay it back again in the future and the OP must also realize that because living in a condition filled with loans will not be enjoyable enough because there is pressure that must be continuously endured by the person until they have paid the loan in full.

[Oluwa-btc]

My results are good.
It's clear that If you want to be successful you watch what other successful ones do it.
USA is wealthy and successful country and strong with goverment.
If i want to be like USA , well i do same i borrow money to myself and pay the % back to myself.
Right now i borrowed money for 3000$ for 3 months with 10% rate. So maturity day i'll pay 3000$+10% back to me.
Off course i invest that money in crypto.
Even If i lose money ...well then i have collateral the cryptocurrenciey what i did bought with my 3k $ so the loan is also backed for myself from myself.
So i borrow from myself and pay to myself from every funds i take some  % for handling fee aswell once i get back my 3300$ then i'll take 100$ from this as my handling fee that's just money for my pocket little reward for myself ...so with the rest of the 3200$ i'll give myself new loan
In case my Investment goes bad then i have to sell some Crypto to cover borrowed funds ....If that's not an option i'll just make agreement to pay off the missing money later from the next gains or i'll make payment plan like from each maturity date of my loan i'll pay some % to cover my old loan.

Wow kudos to your business strategy or method,and you're proud of yourself real Good huh..
I just want to get this straight and with your statement you said you borrow money to yourself and pay the percentage back to yourself,how possible is that.

Situations like this need prove so one can see and be proud of what you did,I like what you're trying to do to think big  and aim at something worth sacrificing for but I most cases people that borrow money to themselves for some certain reason ends up not to paying back cause they feel they are still the owner of the money,in this context it's either you have a third party or you have tangible proof of keeping to your words,that way the business will skyrocket.

[Yatsan]

My results are good.
It's clear that If you want to be successful you watch what other successful ones do it.
USA is wealthy and successful country and strong with goverment.
If i want to be like USA , well i do same i borrow money to myself and pay the % back to myself.
Right now i borrowed money for 3000$ for 3 months with 10% rate. So maturity day i'll pay 3000$+10% back to me.
Off course i invest that money in crypto.
Even If i lose money ...well then i have collateral the cryptocurrenciey what i did bought with my 3k $ so the loan is also backed for myself from myself.
So i borrow from myself and pay to myself from every funds i take some  % for handling fee aswell once i get back my 3300$ then i'll take 100$ from this as my handling fee that's just money for my pocket little reward for myself ...so with the rest of the 3200$ i'll give myself new loan
In case my Investment goes bad then i have to sell some Crypto to cover borrowed funds ....If that's not an option i'll just make agreement to pay off the missing money later from the next gains or i'll make payment plan like from each maturity date of my loan i'll pay some % to cover my old loan.

Your decision to lend to yourself and invest in cryptocurrencies, this being relatively new; there are a couple of things you should consider finding the proper approach. Though lending to yourself and paying interest to yourself can help keep finances under control, good bookkeeping skills are crucial for the plan to pay off. Generally, one must take extreme caution when investing in borrowed money into volatile assets such as cryptocurrencies. Therefore, investing in a risk management strategy is key. Buy the cryptocurrency to secure the loan, because that just makes sense; one needs to be sure that the value of the loan is still worth enough to cover the cost of the loan. Also, it will make a lot of sense to collect disability coverage after saving your money in case it does not reduce your overall interest cost. It will be very prudent to set up a payment schedule in order to handle debt payments whenever the investments do not turn out as expected. Finally, though your strategy may reflect creative financing, risk management, and record keeping are the sure ways to a successful strategy.

My results are good.
It's clear that If you want to be successful you watch what other successful ones do it.
USA is wealthy and successful country and strong with goverment.
If i want to be like USA , well i do same i borrow money to myself and pay the % back to myself.
Right now i borrowed money for 3000$ for 3 months with 10% rate. So maturity day i'll pay 3000$+10% back to me.
Off course i invest that money in crypto.
Even If i lose money ...well then i have collateral the cryptocurrenciey what i did bought with my 3k $ so the loan is also backed for myself from myself.
So i borrow from myself and pay to myself from every funds i take some  % for handling fee aswell once i get back my 3300$ then i'll take 100$ from this as my handling fee that's just money for my pocket little reward for myself ...so with the rest of the 3200$ i'll give myself new loan
In case my Investment goes bad then i have to sell some Crypto to cover borrowed funds ....If that's not an option i'll just make agreement to pay off the missing money later from the next gains or i'll make payment plan like from each maturity date of my loan i'll pay some % to cover my old loan.

Wow kudos to your business strategy or method,and you're proud of yourself real Good huh..
I just want to get this straight and with your statement you said you borrow money to yourself and pay the percentage back to yourself,how possible is that.

Situations like this need prove so one can see and be proud of what you did,I like what you're trying to do to think big  and aim at something worth sacrificing for but I most cases people that borrow money to themselves for some certain reason ends up not to paying back cause they feel they are still the owner of the money,in this context it's either you have a third party or you have tangible proof of keeping to your words,that way the business will skyrocket.

Awesome to see your eagerness with the new business model and confidence in your technology. The whole idea of taking out a loan to oneself and paying back with interest does sound interesting; yet, it conjures up some interesting questions. Any such approach would require clear, tangible evidence and accountability to show that, yes, you are following the reimbursement plan. Those who lend out on their own can frequently fall behind the discipline required to return the loan, as they often feel foreclosed on the property. Involvement of a third party or the creation of key documentation will ensure that you can follow through on your commitments. This new graph can greatly improve your planning and increase your success rate.

[avikz]

My results are good.
It's clear that If you want to be successful you watch what other successful ones do it.
USA is wealthy and successful country and strong with goverment.
If i want to be like USA , well i do same i borrow money to myself and pay the % back to myself.
Right now i borrowed money for 3000$ for 3 months with 10% rate. So maturity day i'll pay 3000$+10% back to me.
Off course i invest that money in crypto.
Even If i lose money ...well then i have collateral the cryptocurrenciey what i did bought with my 3k $ so the loan is also backed for myself from myself.
So i borrow from myself and pay to myself from every funds i take some  % for handling fee aswell once i get back my 3300$ then i'll take 100$ from this as my handling fee that's just money for my pocket little reward for myself ...so with the rest of the 3200$ i'll give myself new loan
In case my Investment goes bad then i have to sell some Crypto to cover borrowed funds ....If that's not an option i'll just make agreement to pay off the missing money later from the next gains or i'll make payment plan like from each maturity date of my loan i'll pay some % to cover my old loan.

Well, people with no jobs and a lot of time in hand, are usually good at stupid things! You are trying to play Banking with yourself. Go ahead and get a job so that it gives you some recurring money in hand which will do some justice to the time you have and also will give you some more money to invest in crypto if you want an early retirement with a shitload of money in your bank account or in your crypto wallet.

There's one obvious issue that you don't see. The source if your own personal banking system stays constant. In today's world you will have to look for additional sources of income so that your capital increases. This will give your banking system more power to lend money and to have some cover funds in case anything goes bad. The time you are wasting with this, probably best to engage elsewhere to find that additional income source.   

[Kakmakr]

This strategy will work, if the Crypto prices goes up and you are able to pay the 10% interest on the loan, but what happens when the Crypto price drop? Well, I have seen many people doing this and FAIL miserably, because the Crypto price dropped significantly and they had to pay off this debt, from their own money.

A lot of them had to sell at a loss to enable them to pay the monthly interest that had to be paid and that ruined them financially. The people that has been in this scene for a long time, will always tell you NEVER to buy Crypto with debt. The people telling other people to do this are probably scammers and someone with a hidden agenda. (price pumpers) 

[Tigerheart3026]

Lending money is good if you have good knowledge of market. Cryptocurrency is good digital currency and that is future of the World because in future mostly people will by mess by paying cryptocurrency. You should invest in cryptocurrency and you should track the record because it is necessary if you you want to be future billionaire. Cryptocurrency is also currency by which mostly billionaire are made and there is risky also ,no doubt. But reward is also multiple times and I think no Investment will give returns like cryptocurrency if you researched on the project and you have knowledge about company and CEO of project.

but you are encouraged to borrow money and invest in cryptocurrency? then it could be very wrong step because cryptocurrency market is high volatile so no one should lending money from bank and invest in crypto, if you borrow money for your business that is good, but you can lost everything in crypto investment.

[Farma]

...

This theory of yours has every susceptibility to fail and put you in so much indebtedness eventually. Using an entire country government to compare yourself as a way to create wealth for yourself following their borrowing strategy sounds attainable on paper as you have explained in your op but practically it's unattainable. A country has its resources and means of generating internal revenues to cover for certain financial loophole's when their borrowing goes wrong. The y could even declare selling their shares and the public will hastily buy.

One thing that must be done when someone has a loan in the form of debt is to keep paying it back without any reason, as well as other parties such as the country and companies. So everyone who wants to take the loan must be clear about what it is for so that they do not fail when they have to pay it back again in the future and the OP must also realize that because living in a condition filled with loans will not be enjoyable enough because there is pressure that must be continuously endured by the person until they have paid the loan in full.

Anyone who takes out a loan from any party must of course pay off the loan according to the payment date they have promised when taking out the loan because the lender certainly provides certain requirements that must be met before being given a loan because if they do not meet the specified requirements, of course the loan they apply for will not be given and for those who want to take out a loan, of course they must be able to use the loan on something that they can make money from in order to pay it off, because if someone takes out a loan just for their lifestyle, of course they will have difficulty paying it off, it is important for anyone who wants to take out a loan, they must have the goal of making a profit from the funds they borrow because if not, of course it will add to their own problems because they cannot pay it off.

[barisbilgili]

Anyone who takes out a loan from any party must of course pay off the loan according to the payment date they have promised when taking out the loan because the lender certainly provides certain requirements that must be met before being given a loan because if they do not meet the specified requirements, of course the loan they apply for will not be given and for those who want to take out a loan, of course they must be able to use the loan on something that they can make money from in order to pay it off, because if someone takes out a loan just for their lifestyle, of course they will have difficulty paying it off, it is important for anyone who wants to take out a loan, they must have the goal of making a profit from the funds they borrow because if not, of course it will add to their own problems because they cannot pay it off.

Taking out a loan is not a good way for anything except to develop an existing business so that it has a large percentage to be able to pay it off, but personally I try to minimize it as much as possible.
Every loan certainly has a time limit that must be paid off, and isn't that a burden in itself unless the loan is made for something positive that has a large percentage to be able to get it back or get profit in the near future such as to develop an existing business.

[Dailyscript]

It saddens my heart how you feel you are doing the right thing by taking loans to invest in Bitcoin when you dont have a business or have good and profiting work. Taking loans is a terrible idea no matter how good it may look in the first result. You were lucky you had some profit after your first investment and if you dont want to into problem its best you just to take my advice and send back the $3000 you borrowed. Use the profit you have made so far to start a business that will give you more money to grow your portfolio.

I have heard bad stories of how taking a loan for investment turned out. Not just online but from people around me. I believe you dont want to be in that situation at all.

[BALIK]

It saddens my heart how you feel you are doing the right thing by taking loans to invest in Bitcoin when you dont have a business or have good and profiting work. Taking loans is a terrible idea no matter how good it may look in the first result. You were lucky you had some profit after your first investment and if you dont want to into problem its best you just to take my advice and send back the $3000 you borrowed. Use the profit you have made so far to start a business that will give you more money to grow your portfolio.

I have heard bad stories of how taking a loan for investment turned out. Not just online but from people around me. I believe you dont want to be in that situation at all.

In fact, borrowing money to invest is not so bad or we should avoid it completely if we have a stable job and income. We can pay those loans with our income and regardless of the investment results, borrowing money is absolutely possible. But in case we have no job, no income and we borrow money to invest with the aim of getting rich quickly. So this is definitely a bad idea no matter what asset we use borrowed money to invest in. Especially if it is cryptocurrency, a volatile market and nothing is certain.