Would you draw on a line of credit to buy altcoins?

[sakokinak]

I have a line of credit through my bank, 250k. The interest is 6%, settled monthly.  I've been considering drawing 100k to purchase more altcoins.  Bad idea or potentially genius?

Currently have 25k in the market with a 31k profit, timeline about 45 days. I put another 25k in yesterday.


And what coins would you buy?

The number one rule of making investments is don’t put the sum of money that you can not afford to lose. Maybe your project will be successful but I think this is too risky plan as for me. This is my opinion.

[Hamilcar]

This depends on if you can afford to loose invested money or not. Cryptocurrencies market is risky and you can loose your money even you are a good trader.

[sgenuine]

I have a line of credit through my bank, 250k. The interest is 6%, settled monthly.  I've been considering drawing 100k to purchase more altcoins.  Bad idea or potentially genius?

Currently have 25k in the market with a 31k profit, timeline about 45 days. I put another 25k in yesterday.


And what coins would you buy?

You should never invest credit money in the crypto currency or other types of investment even if the low interest rate. You need to invest only the amount that you are not afraid to lose.
         

[jazmuzika217]

I have a line of credit through my bank, 250k. The interest is 6%, settled monthly.  I've been considering drawing 100k to purchase more altcoins.  Bad idea or potentially genius?

Currently have 25k in the market with a 31k profit, timeline about 45 days. I put another 25k in yesterday.


And what coins would you buy?

Man youre good! Youre enjoying the benefits of being a trader. Heres my advice. Hold your horses first. Dont be so excited. 100k is a big amount of money. I know that youre already knew the risks of being in trade industry. You must buy the coins that you can afford to lose. Regarding to your question that if what coins to buy, I think you need to gain more knowledge when it comes on picking the right investment. You should take time to read articles and dig a lil bit more research. My method on trading is im buying the coins that a lot of traders is buying also. Like going in the flow of panic buying. Goodluck!

[luckybit1]

No,my opinion i can only invest.i can't afford such risk