Newbies take my advice

[ife2020]

Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

This is a situation that should apply to every aspect of man, Be it gambling, crypto currency investment, or forex or any type of trading.
You cannot borrow or start up with a loan, it keeps you anxious and desperate to earn your profits, and leads to so many losses.

Also, you do not have to force your opinion, all you need is to suggest, and give reasons why newbies should listen to your word.

[aemma]

That is sadly the truth and the whole of it. Be it in crypto space or the world out there, any investment one is engaging in should be carried out with utmost carefulness to avoid regrets, and this must start with investing what one can afford to lose. The crypto space is volatile and will be wrong for someone to borrow to trade or to invest. Also, from another perspective even when one is investing his spare money he should endeavour to study the projects well to be sure he is investing in the right thing.

[LuciferMorningstar]

Loan or borrowing money to invest in crypto is not a problem. Just like you go to the bank to take a loan but for open business. If you take a loan or borrowing money and decide to invest in Bitcoin when it at $5000 or Ethereum at near $100, you could have x2 them right now. See, not so bad at all right?

[Iyeman]

Loan or borrowing money to invest in crypto is not a problem. Just like you go to the bank to take a loan but for open business. If you take a loan or borrowing money and decide to invest in Bitcoin when it at $5000 or Ethereum at near $100, you could have x2 them right now. See, not so bad at all right?

The problem is when the borrowers were using it to speculate the coin. This is not a recommended thing to do consider about the borrowers can lose their money instantly even a few seconds.
It's so bad dude. 

[lienfaye]

Loan or borrowing money to invest in crypto is not a problem. Just like you go to the bank to take a loan but for open business. If you take a loan or borrowing money and decide to invest in Bitcoin when it at $5000 or Ethereum at near $100, you could have x2 them right now. See, not so bad at all right?

But thats not always the case. Its good if you invest in the right time but what if you invest then the price suddenly decrease since market is unpredictable anything can happen. It takes time before you can recover what you have lost and patience is necessary. The problem is when you already need to pay your debt then the market is not doing well yet. Thats why its better to use your own money so incase something went wrong or not go as planned you dont have to worry because you use your own money and no responsibility of paying back someone.

[Greatchu]

I don't see any mention of fomo in op post

How can you say that? OP has clearly said it

in 2017 when all crypto coins are booming

What is FOMO?
FOMO is the short acronym for ‘Fear of Missing Out’. According to the urban dictionary, FOMO is a form of social anxiety – a compulsive concern that one might miss an opportunity It is often aroused by posts seen on social media websites.

A couple of years ago Bitcoin was traded at $1 while at the end of 2017 it reached as high as $20000. Imagine if you have invested just $100, you could have been a millionaire by now – this is what some pictures on social media want you to think so.

You can lose money in crypto either way, fomo or not, ones that investment is fake you are bound to lose money even if you buy from bottom.

This is why you need to avoid altcoins since 99% altcoins is only fake/scam project. You need to take further research and detailed analysis to know what altcoin is real, good, and valuable. If you don't have times to do it, my advice is only invest on BTCitcoin.

Altcoins are mostly good at the earlier stage of their launch or life, if I have to invest in any altcoin it will be for a short term, many altcoins are 70-90% down from their ATH and till this day they haven't recover, I will rather get loan for Bitcoin and that's even if Bitcoin hit 3000$ again but not all altcoin, it's really suicide

[Natalim]

The big mistake you are gonna make is when you borrow money and you already expected a profit, and you don't think of the risk that you might also lose.
In investing, you need to be realistic and that means you need to open your eyes on the risk not only the reward.

Borrowing money is not bad, a lot of investors or businessman borrow money and risk because they believe on their capacity to grow it, but if they fail, they has to make sure they can still pay because you can't make an excuse that you can't pay because you lose your investment.

[casperBGD]

The big mistake you are gonna make is when you borrow money and you already expected a profit, and you don't think of the risk that you might also lose.
In investing, you need to be realistic and that means you need to open your eyes on the risk not only the reward.

Borrowing money is not bad, a lot of investors or businessman borrow money and risk because they believe on their capacity to grow it, but if they fail, they has to make sure they can still pay because you can't make an excuse that you can't pay because you lose your investment.

risk/reward ratio is one of most important ratios in investment strategy, would add also risk compared to whole portfolio, one should never risk whole portfolio, just part in line with risk that investment yield, if the risk is high, than percentage of portfolio should be lower than if the risk from investment is lower

[Ken_terrance]

Loan or borrowing money to invest in crypto is not a problem. Just like you go to the bank to take a loan but for open business. If you take a loan or borrowing money and decide to invest in Bitcoin when it at $5000 or Ethereum at near $100, you could have x2 them right now. See, not so bad at all right?

The risk here depends on the borrower himself or herself, there are some things to be careful about here
1. The right time to buy, don't go and get loan on Bitcoin when it's trading at 12,000$ you will get rekt, only do this when Bitcoin dumps big
2. Altcoins are just bad enough and getting loan because of altcoin can be suicidal

[BD Crypto]

Your advice will work for newbies obviously.Anything in crypto can be happened. For this we should be alert and should make proper analysis to enter altcoins market.

Proper analysis with a good risk management can make your loan successful.

[OasisDre]

It's really better not to engage in loans for crypto, this isn't a real life business, online experience is way different and more risky, the biggest mistake that many keep doing over again is buying coins at a very high price, it's wrong

[Furryball]

Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

This is very true, many start lending money to join the FOMO train in 2017 when Bitcoin and other coins start bulling, I belief altcoins are able to reach a new all time high back then because many new money flow into crypto, this is why I think it will be extremely hard to see altcoins at their ATH again but only time will reveal that

[numpadxx5]

Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

Investing in cryptocurrency could be a good investment, or it could not. That is true for cryptocurrency in general and likely for investor.Be aware there are many risk in investing any coins, my advise to the newbies it is wisely to take some advise for more experience investor before investing on any coins in the market

[Buttercup123]

The big mistake you are gonna make is when you borrow money and you already expected a profit, and you don't think of the risk that you might also lose.
In investing, you need to be realistic and that means you need to open your eyes on the risk not only the reward.

Borrowing money is not bad, a lot of investors or businessman borrow money and risk because they believe on their capacity to grow it, but if they fail, they has to make sure they can still pay because you can't make an excuse that you can't pay because you lose your investment.

Borrowing money to invest on crypto currency is very risky, you cannot predict what would happen in the market you can lost your money instanty. Just like OP said an inexperienced investor should invest only the amounts that he is willing to lose without serious consequences.

[Google+]

The big mistake you are gonna make is when you borrow money and you already expected a profit, and you don't think of the risk that you might also lose.
In investing, you need to be realistic and that means you need to open your eyes on the risk not only the reward.

Borrowing money is not bad, a lot of investors or businessman borrow money and risk because they believe on their capacity to grow it, but if they fail, they has to make sure they can still pay because you can't make an excuse that you can't pay because you lose your investment.

Borrowing money to invest on crypto currency is very risky, you cannot predict what would happen in the market you can lost your money instanty. Just like OP said an inexperienced investor should invest only the amounts that he is willing to lose without serious consequences.

I think when you do that it is not only risky but it can be said that the soul is dead because when you use the money borrowed for cryptocurrency trading it is a very big mistake, cryptocurrency can never be predicted how the price moves.

[raidarksword]

Investing  a borrowed money to crypto investments such as trading is really hard to stomach hence there are no guarantees on trading if you take profit or not, much worst a highly debt in results in the end. It's best to make crypto investment on our own money, little by little will do and it's good start up for all newbies out there. By doing this, it will help more to understand on how to take good care of our hard-earned money.

[tabas]

Many of those people that forced themselves to borrow to invest in bitcoin were during all-time high of 2017. It's truly bad to see them disappointed and lost a lot of money because they didn't do their research before they've invested.
A lot of newbies should take this advice seriously because you'll be rekt if you don't listen.

[Ryushin]

Asking for loan to invest on crypto is not advisable, the rule was to invest what you can't afford to lose, using loan is investing what you really can't afford because the money is never yours to begin with, that's a huge risk, absolutely not advisable

[CryptopreneurBrainboss]

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

In every reasoning, there's always an exception. I have seen individuals make use of borrow funds and succeeded in making profit with that funds on numerous occasions although that doesn't mean I'm advising you to go do the same. Just study yourself and get familiar with what favors you. Take advantage of that and built on it as some individuals are very good at working under pressure to get positive results which using of borrow money as capital can be related to.

Still though you have to understand that any decisions you make that you're responsible for the outcome and should be willing to accept it. Cryptocurrency isn't your regular investment class, it's very volatile as such what works and in other areas of investment might not give you exact result in cryptocurrency.

[matchi2011]

Many of those people that forced themselves to borrow to invest in bitcoin were during all-time high of 2017. It's truly bad to see them disappointed and lost a lot of money because they didn't do their research before they've invested.
A lot of newbies should take this advice seriously because you'll be rekt if you don't listen.

It serves as a key if you will treat those past experienced seriously, you'll be able to learn coming from other's mistake. Take one step at a time and closely
observes from how will you gain benefits and to avoid committing mistakes.

Loan money is not a good idea if you are not sure with investment that you are going to invest, make sure to investigate and do your hard research to learn more deeper from this business.