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therhslv
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January 20, 2019, 09:21:56 PM |
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Thats the most dumb thing to do . Better would be just buy with the money you can afford to lose . Ofcourse you can get lucky and would guess the dip . But imagine if somebody will take out loan now to buy bitcoin on so called ''dip'' . What if bitcoin after 1-2 years still will be on 3.5k USD range . You will just pay monthly interest on loan , which is not low . Better would be dollar cost avarage with the money you can afford to lose .
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Belec
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January 20, 2019, 09:52:14 PM |
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The loan is very risky and it's difficult to pay if you do not have a permanent job, you can say that you are stuck in a pit all the time. I'd rather borrow from somebody, than credit. If I had my money it would be best, possibly for a loan or waiting for another chance, taking a loan in no way.
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Glorious04
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January 20, 2019, 09:57:49 PM |
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Me? Naaaaa! Not a good idea to take a loan for something uncertain. I am not saying that I dont trust bitcoin anymore but practically speaking, for me it's not a good idea to make a loan to invest in something you see so vaguely and you would not even know if you are able to payback your loan in due time and if not, you will be charged with much interest for it.
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posi
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January 20, 2019, 10:27:21 PM |
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Actually if possible then I will take the chances but I'm not allowed to ,loan can be dangerous because if your target is not meet on the date given you will be in worries
Open a loan to buy dip is definiely possible but it never a good decision, with that been said. Crypto currency business is never for people who are greed and no reasonable or experienced crypto currency traders or investors will try such thing or advice someone to do it. |
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Botnake
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January 20, 2019, 11:13:44 PM |
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Actually if possible then I will take the chances but I'm not allowed to ,loan can be dangerous because if your target is not meet on the date given you will be in worries
Open a loan to buy dip is definiely possible but it never a good decision, with that been said. Crypto currency business is never for people who are greed and no reasonable or experienced crypto currency traders or investors will try such thing or advice someone to do it. Yes.Making loans just to buy the dips is not really a good thing to do.Cryptos do not give regular and fixed income so it would give you much troubles paying the interest of your loan.Invest only what you can afford,depending on your money on hand.And the moment you had made profit from this ivestment,then roll again your profit to invest again. |
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bettercrypto
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January 20, 2019, 11:28:04 PM |
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Definitely not advisable to apply for a loan just to have a capital that will be used to invest in cryptocurrency. Loans have interest and it should be paid in installment. Knowing that cryptocurrency investment is not a guarantee especially for the past one year. You only invest the amount you afford to lose.
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trashman43
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January 20, 2019, 11:30:38 PM |
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It is not advisable to take loan to buy cryptocurrency. Why do you want to take a loan to buy bitcoin ? This is a bad idea to use a loan to invest in Bitcoin. What if the price dips? Will you take another loan to pay that loan ??
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cryptossi
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January 20, 2019, 11:36:07 PM |
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That's a massive gamble, long-term it might be a good idea, but you will need to pay that money back with interest. I would personally recommend holding fire on taking out a loan and I think you should just put a bit of money aside each month from your paycheck to buy crypto. Never invest what you can't afford.
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Nhor1011
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January 20, 2019, 11:44:58 PM |
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No,i'm not going to make a loan to buy the dip because it is really really not a good idea. Market is down while your loan interest increasing monthly that you need to pay and you don't when will be the market rise again. Investing is too risky just invest the amount that you can afford to lost.
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mapanlah
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January 21, 2019, 01:18:46 AM |
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would you open a loan to buy the dip? and when it dips again you would open up another loan to buy the dip. and lets say repeat the process. probably no one is doing this. because being in debt is a bad thing. just depends on far u would invest into bitcoin or even crypto currency. sad it has to dip in the first place.
business in the bitcoin currency is attempted not to use money from loans, because several factors one of which will cause panic if the price drops and can make us experience stress. so it is required to invest in bitcoin using deposits or not our principal, this is very influential on our decision to make sales and purchases. |
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mornabo
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January 21, 2019, 02:39:28 AM |
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Maybe some people would, maybe I would also take a loan but I do not like to owe money to anyone, even banks or loan givers. If I want to buy the dip, I will do it with my own money if I have enough to buy, if I don't have the money, I jill just skip that opportunity and wait for another one.
That's a good idea, especially crypto investment is also something risky, Im afraid that when you loan with someone, you can't pay it because of big interest and the like. I also agree more with investing with the amount you can afford to lose, if you make a loan, of course it's already out of your financial ability right? |
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Dr.Osh
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January 21, 2019, 02:57:06 AM |
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Maybe some people would, maybe I would also take a loan but I do not like to owe money to anyone, even banks or loan givers. If I want to buy the dip, I will do it with my own money if I have enough to buy, if I don't have the money, I jill just skip that opportunity and wait for another one.
That's a good idea, especially crypto investment is also something risky, Im afraid that when you loan with someone, you can't pay it because of big interest and the like. I also agree more with investing with the amount you can afford to lose, if you make a loan, of course it's already out of your financial ability right? I think we all hate to accept loans in this case. maybe the only way you can do is save from now on. well, that would certainly be really useful when you see something good enough to use. well, maybe some people make loans, but I don't want to be one of them. |
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ellehcar
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January 21, 2019, 03:04:19 AM |
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would you open a loan to buy the dip?
No! I won't loan just to buy the dip. This business is very unpredictable, and who knows, by the time it gets up, I maybe behind bars for a mountain-high interest-bearing loan. Well, it depends on how much of a risktaker you are. But for me, I am not that much of a risktaker. Somebody told me that if I have an ox, I got to sell that and hope that I might get a good car in exchange of it after a few months. Well, that's FOMO, and I'm not buying it. I already lost to that before, and it pained me so much. It paralyzed my daily operations. So now, I'm resolved not to break the No. 1 Rule of Investment, which is "Never invest more than you are willing to lose." |
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eann014
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January 21, 2019, 03:54:56 AM
Last edit: January 21, 2019, 04:09:49 AM by eann014 |
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no, if I would choose if I would like to loan to buy in the dip or just buy what I can afford to buy right now, then I would still choose to buy that I can afford to buy right now. I don't want to have a loan just because I want to buy in dips, there is no assurance that bitcoin will be going to increase, it is better to have an investment on what I am having right now or what I can afford to buy.
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arakosta
Member
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Merit: 10
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January 21, 2019, 04:56:12 AM |
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I find it mind-boggling how after all that happened last year, countless people repeating the phrase "Don't invest MORE that you can afford to lose" which should've already been common knowledge, you still find people here who are willing to actualy take loans and risk their own financial security in order to buy Bitcoin.
Please take care of your hard earned money, and never take loans to invest in something as risky as the Crypto market is.
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ethereumhunter
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January 21, 2019, 10:29:46 AM |
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I find it mind-boggling how after all that happened last year, countless people repeating the phrase "Don't invest MORE that you can afford to lose" which should've already been common knowledge, you still find people here who are willing to actualy take loans and risk their own financial security in order to buy Bitcoin.
Please take care of your hard earned money, and never take loans to invest in something as risky as the Crypto market is.
That is a true reality that we must know, when we want to invest, never use all the money we have, and I agree with that. We need to remember that making a loan doesn't make us can pay back the money especially the market still unpredicted like today. Even if we know that the market will increase in a few hours later, we could not predict if the market will be like that or will change. |
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Ronaldcoin2017
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January 21, 2019, 02:18:10 PM |
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Opening a loan to invest on this dip is really a crazy strategy. This is really a very risky type of strategy that can really make us lose. We all know that crypto is really a risky types of gaining and it really doesn't have an assurance that we can earn on it on the spot, normally bitcoin price change but not in a few days or hours sometimes it will take a couple of year before its price change. So if we are going to have loans we can really supper the interest of it.
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karankamaze
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January 21, 2019, 03:05:57 PM |
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Opening a loan to invest on this dip is really a crazy strategy. This is really a very risky type of strategy that can really make us lose. We all know that crypto is really a risky types of gaining and it really doesn't have an assurance that we can earn on it on the spot, normally bitcoin price change but not in a few days or hours sometimes it will take a couple of year before its price change. So if we are going to have loans we can really supper the interest of it.
yes, That's really crazy because we don't know when this bear market will be finished. I guarantee that if the market does not recover and the price drops then that person will not wait patiently and it will be like suicide. I think it's better to use money that doesn't have a burden because investors will be calmer if the market hasn't recovered. |
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oceantiger
Jr. Member
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January 21, 2019, 03:22:16 PM |
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I agree that business is a risk but you must make your risk a calculated one. It is suicidal to obtain a loan and invest in cryptocurrency trading. The market is so volatile that it is so difficult to make a profit from it. So getting a loan to trade dip is not a good business strategy.
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bering
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Merit: 1006
Leading Crypto Sports Betting & Casino Platform
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January 21, 2019, 04:32:35 PM |
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In my view i will only use free money to my investment portfolio because it will minimize the risk or at least if someday i lost then the risk will be my own responsibility without involved my own family and borrowing money to buy the dip is not a good idea because it's similar such as too greedy and if there is people who dare to do that then they just successfully increase the risk from their investment
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