You cannot eat your cake and have it

[Slow death]

I'll talk about myself:

When I joined the forum I did not know the forum. after months I realized that it would be very difficult to have bitcoin using faucets, that's when I had the idea of selling my things to buy bitcoin, yes I sold a lot of things and bought bitcoins and I do not regret doing it. but of course I do not think it's right to sell house and car to buy bitcoin unless the person has many houses and cars

Honestly, I've been in this position. and don't want to fall back to the same hole.

I understood nothing, could you be clearer?

Borrowing money or trading is very stupid and inmature.

I agree that no one should make loan to buy cryptos

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[South Park]

Well, in the bull market, I suggest everyone around me to maximize their investment by borrowing or by taking loan from bank. But it is not a good time to invest in crypto currency now. If you invest now with borrowed money, you will lose more than money. The time will come.

This is a dangerous advice. You shouldn't suggest anyone to invest in anything using borrowed money. That's just against investing 101. No matter what the trend is, invest only with spare money.

Talking about the time, I think the opposite is the better one. Investing during a bull run is pump chasing and it puts yourself in a risk of buying at the top. You don't know whether the bull market will continue. Meanwhile, buying during the bear market is buying "cheap" coins. By ladder buying during the bear trend, you will get significantly lower average buying price, likely close to the bottom, and that translate to huge profit once the market is turning to bullish.

Investing in bitcoin is highly risky mostly bitcoin scared us by decreasing its price its the first of increasing.Mostly people think bitcoin is down lets before it getting late but they're thinking wrong.

Every investment that you make has an inherent risk but the risk can be controlled a long as you take the right precautions, for example a good idea could be to only invest in the market of cryptocurrencies a very small amount of your portfolio, like 5%, this is going to limit your profits but at the same time it is going to protect you if something goes wrong.

[acheampong64]

Well, that's true bit let's also not forget that no condition is ever permanent. You either get worst or better and even when you get worse, you'll surely recover fully fit than before only if you don't die.

[warriorcryptobar]

I tried to acknowledge this argument. The answer is if you want to have cake and eat it, be ready to fill bigger shoes.

[satriagedhe]

agree , in my country , there are called "cold money " and "hot money" , cold money is money that you can buy for everything like to buy stuff like car and etc
. and that money was  for invest , not using all of your money , like you will win everything.

[brotherwood12]

investing is about what you can afford to lose , not giving your money , because not all invest will give you profit . some ppl just think its invest = profit

[bigmelons25]

investing is about what you can afford to lose , not giving your money , because not all invest will give you profit . some ppl just think its invest = profit

Depends on the investment, some things are virtually guaranteed to increase in value like gold.  The problem is the returns won't be anywhere close to cryptocurrency.

[Impulseboy]

Well, in the bull market, I suggest everyone around me to maximize their investment by borrowing or by taking loan from bank. But it is not a good time to invest in crypto currency now. If you invest now with borrowed money, you will lose more than money. The time will come.

I think this is the key here; wait it out and do not do it impulsively. But what if the price of the bitcoin remains? Do you still recommend holding off until it the price gets higher?

[paparexon0414]

Agree with this one. I am not sure why those people keep on investing to cryptos to the extent that they have to sell their what all they have and ended up losing all this because of the wrong move in investing in cryptos. Lucky to those who gain from it, but not all the luck will be the same as the others. In this situation, those people who burried theirselves in a lot of loan will have a hard time to rise again and start again. So better use your extra money and keep the alloted money to stay its place in the budget.

[Ucy]

Unfortunately, most people who invest all their savings, pensions, personal loans, mortgages, etc. have no idea how fierce and dangerous crypto market is as it is now (immature, volatile, and punishing). They lack the set of technical and trading skills to survive in such market, and they invest either out of desperation (there is greed, of course) or fulfiling their dream of living a better life (for their children mostly.). They hear or read stories about new millionaires emerging from cryptocurrencies, they rush in to get a slice of that hot cake, however, they quickly get stung by the market rather early, and in worst case scenario, lose all their money.

It is sad, and there is nothing to be done other than spreading awareness about cryptocurrencies.

True  but there is nothing dangerous about Crypto market. It is just as dangerous as any other profitable investments.
People got greedy and took  very dangerous and crazy risk. I can't understand why a normal person would acquire loan, sell property just for one investment. It is shocking really.

By the way,  I noticed most of this kind of risk took place during the rare and recent bull run. I wonder if it has happen in Crypto World before.

[SkyFlakes]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I strongly agree with all of the arguments presented. It is always indeed that we should take risks with consideration to other aspects of your life. Although taking risk is a good thing, we should always be wise in making decisions so that we would not end up to something regrettable. One thing that we should put into mind is that being wise is a must in making decisions.

[rachellee]

Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto.

Well, we cannot blame these kinds of people. Let's face it! With how the market turned out last year, the get-rich-quick fantasy within everyone of us is so strong. It's just saddening that many are still fooled up to now and haven't learned their lessons yet. Despite the long, continuous downtrend in the previous months, they are still hoping that the drastic, meteoric rise that happened in the last quarter of 2018 will happen again. But it's better to be safe than sorry. I have learned that crypto is a very unpredictable and volatile thing. It's not a game that children play, so if you're just new in this business and you just happened to hear about its wonders in the past and its promises, this is not for you. Don't be fooled. It's always best to educate yourself before diving into something.

[changcloy]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

That would be a bad move to borrow money or using properties as a collaterals just to invest in crypto ,we all know that cryptocurrencies will flactuate immediately and also unpredictable just incase like this bitcoin drops hard and we do not know when will it rise again so your money will stuck.

[primer61]

I did my investment in cryptocurrency having one simple idea on my mind: the money I`ve invested are now more available to me in real life, I can only get use of them in the crypto market.
Of course I didn`t sell my house, but the amount was quite sizeable. Not that big to leave me without money at all, it is tolerable after all, but a couple of months` salary may be hard.
I knew the risk and that the chance I lose all my investment if I`m not careful is more than real. This approach made me think twice and be extra thoughtful with my actions in the market.

[raven.tiu17]

You need to simply understand the market situation, There's a room for growth but not this year. Borrowing money on financier is not a good advise, But working hard for money to invest in crypto is really a good thing. So i guess you should have patience and more understanding about the blockchain protocol and it's underlying cryptocurrency.

[t3ChNo]

I would say NO for investing in crypto using our life-savings. We all know and experience how bumpy ride this is.

[Bezobraznike]

   Crypto-currencies in general can be life saving investments. Nice play with words, that can be truth too, or it`s the
truth. We can return a bit in the past and take a look where some crypto-currencies were in the beginning. Who
invested $100 more or less is now a millionaire, looks like that persons already can go to pension, full pension, with
all the benefits.
   What has changed? It`s not simple to invest $100 today, there are too many crypto-currencies. For the ones who are
investing in Bitcoin, Ethereum it has to be much more than $100.
    I think, I believe in some of my investments. If everything goes as planed crypto-currencies I`m buying now will be my
pension one day!

[seven2smoke1]

You are totally true, I liked the popular saying which you wrote here. People should stick to this and don't' invest a money that they can't afford to lose it. They can invest if they have enough money and we can say that is an extra money, so if you will invest with that money you will be partially careless about this investment, I mean, if you will make a profit, It will be fine for you or if you lose you can say it's okay. People should not invest in crypto with the money that they use it for needs.

[South Park]

Unfortunately, most people who invest all their savings, pensions, personal loans, mortgages, etc. have no idea how fierce and dangerous crypto market is as it is now (immature, volatile, and punishing). They lack the set of technical and trading skills to survive in such market, and they invest either out of desperation (there is greed, of course) or fulfiling their dream of living a better life (for their children mostly.). They hear or read stories about new millionaires emerging from cryptocurrencies, they rush in to get a slice of that hot cake, however, they quickly get stung by the market rather early, and in worst case scenario, lose all their money.

It is sad, and there is nothing to be done other than spreading awareness about cryptocurrencies.

True  but there is nothing dangerous about Crypto market. It is just as dangerous as any other profitable investments.
People got greedy and took  very dangerous and crazy risk. I can't understand why a normal person would acquire loan, sell property just for one investment. It is shocking really.

By the way,  I noticed most of this kind of risk took place during the rare and recent bull run. I wonder if it has happen in Crypto World before.

The danger really comes from the mentality of the people, it is true that this market is risky and it has a great volatility but what market doesn't have risk and volatility? What really damages people is their attitude towards risk, they invest so much money in the market that any loss is devastating to them and then unable to face the responsibility of their actions they try to blame the market for it.

[Biscutard]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

For those who are planning to invest a borrowed money, this is not a good idea since the crypto currency market is not that easy to just put your money and all you have to do is wait and viola you got your money back. No, that's not right because in reality you are not the person who's doing of what you think you gonna do. We are all in this market for one good reason, for a profit and it's us to decide whether we continue to learn or continue to look those who are on top already.