Newbies take my advice

[jacafbiz]

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.

How are you sure they are still in debt till today, some people will write some things and you wonder what is their source, people lose money in 2018 bear market both experience and newbies, the most important thing is to have calculated risk because no risk, no reward. So basing your argument on the bad side of an event is skewed view, some people made life changing money in 2017/2018. The first BTC I bought was from the money I borrowed and it set me on a path to better life, I am in my own house today thanks to that decision.

[lousie9]

as I said before that investing is full of risk, if you are not ready then you will also easily lose money, especially wrong investing your money in coins that are difficult to develop. if you don't want to take a high risk, it's better to invest with BTC.

[b1k4ng]

maybe we are very lucky here because we don't make loans that will only be used for investment and trade because there are still many people around us who can't repay loans because the market after 2017 never returns. gold is exchanged for silver and silver is exchanged for iron and they will continue to stress.

[Pomogator]

 Really good thread. I think that now no one is borrowing for investment. In 2017, it was a big hype because of which everyone did stupid things. I heard a story about how a man sold an apartment for the sake of cryptocurrency, terribe. I remembered the previous hype on the crypt

[Deeshawn]

Knowledge is power, knowing what to do at the right time is the best in life, collecting loan to invest in crypto is nothing but a very wrong move, is just like gambling with loan cash, it will definitely end in tears.  Crypto space is unpredictable, so is advisable to go in with only the money you can afford to lose, I hope newbies learn from this.

[TopT3ns]

Really good thread. I think that now no one is borrowing for investment. In 2017, it was a big hype because of which everyone did stupid things. I heard a story about how a man sold an apartment for the sake of cryptocurrency, terribe. I remembered the previous hype on the crypt

In 2017, the name of cryptocurrency is rising and is very popular because the price of cryptocurrency is soaring, including the price of bitcoin that can reach its highest price in 2017, but after that the price of bitcoin collapsed and cannot rise again so from this case cryptocurrency cannot be predicted how the price moves.

[Shasha80]

I agree that investing in altcoins with loan money is very dangerous, I say this based on my experience in 2017. Like most people I FOMO
in 2017, which is almost all altcoins reach the price of all time high at that time. I made the mistake of buying the price at the peak, until
now my assets have lost 50%. Which is where I use bank loan money as capital, you can imagine until now I was frustrated thinking about
the installments that I had to pay. Don't follow mistakes I have done, stay away from using money loans as investment capital. Because
market altcoins are very volatile.

[oscarftw]

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.

What I believe by putting pressure on your head, you can get profits from trading. This advice is very good for those who have interest in doing trade by taking loans. Loan investment is very risky. You are taking a loan because you don't liquidity pool or liquid money. Without confirming the next bullrun, every loan has the highest risk.

[JaoBadjap]

Trade or Invest the money you can risk of losing.
Never borrow money you cant afford to pay.
and learn everything and research when you are going to engage in trading or investing.
know the risk and know your gains and losses

[Emilyearl]

Even for everyone, it is not advisable to take loans for trading, or stake any of your valuables in exchange for trading funds, you can lose this fund at any point in time due the volatility that is found in the market daily. borrowing from the 2017 experience of high price and 2018-2019 price dump events, one will understand they can only invest funds they are ready to lose in cryptocurrency.

[Kasabus]

Really good thread. I think that now no one is borrowing for investment. In 2017, it was a big hype because of which everyone did stupid things. I heard a story about how a man sold an apartment for the sake of cryptocurrency, terribe. I remembered the previous hype on the crypt

In 2017, the name of cryptocurrency is rising and is very popular because the price of cryptocurrency is soaring, including the price of bitcoin that can reach its highest price in 2017, but after that the price of bitcoin collapsed and cannot rise again so from this case cryptocurrency cannot be predicted how the price moves.

Investing in crypto market nowadays is very risky itself so how much more if you take chances to borrow money just to invest? It would be more risky i think. You can take some loans only if you have other sources of income that can pay for it but if you only depend your payment from the profits you will make from crypto investment, then that would bring you a big disaster. There's no guaranteed profit here so better invest what you can afford to lose.

[asriloni]

Borrowing money is also not so easy on the internet, you need to give more than just an identity to borrow it. however, so far, I have avoided as much as possible such things. the risk is too great if my calculations are not what I think. even more so if I use the money for investment or trading.

This to prevent people from selling their house to speculate in the cryptocurrency. It's not always borrowing from the trusted party in crypto but some people may able to sell their house for this. I think this awareness thread to prevent it

[aioc]

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 the first thing that people should learn and that is to invest what they can afford to lose, do not be tempted with FOMO because this is a trap for people who do not do proper research on how to properly invest, the year 2017 and 2018 is a big lesson for all of us here to be more educated and responsible when investing.

[litepool.ru]

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.

Just invest with our idle money. If we borrow money to invest, we will surely face a lot of trouble and pressure from it. And like you said, if the market collapses like 2018, I believe they will become debtors and their lives will be stuck.

[coiner-88]

Take advice or take legal advice, you ask a lawyer for his or her professional opinion on a situation. We are taking advice on legal steps to recover the money. The word advise is used as a verb. It means to offer an opinion or suggestion, or formally provide information.

[rajakulam]

everything requires experience, including in cryptocurrency trading, therefore, if we are new to the crypto world, we must seek experience with small capital investment first and if we are good at analyzing crypto market movements then we can invest large amounts, so don't try to find a loan if you don't know anything about trading.

[TheGreatPython]

Lol I can’t imagine that kind of frustration . Not having money, and then you decide to take loan and the next thing, boom!
You have lost the money and you’re there crying over your loss and you having to pay back the loan you took. That must be really frustrating and it’s something I never want to get myself into.

Something I would like to mention is this: there are newbies who has their senses stuck in the fact that there is plenty money that can be made in cryptocurrency. They forget about the risk and focus only on the profit they might make, but still end up losing their money. Take a break and then sit and think for a while how and what needed to get yourself better so that you may not have any more confusion and frustration. I guess, when you take a break then you launch yourself toward betterment. Just try .

[FireBallex]

Using loans in crypto space is not suited for newbies because there will be frustrations once you lose that money, even pro crypto traders lose money in futures trading or margin trading, newbies need to be very careful, it's easy to throw away money on here than real life

[Saisher]

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.

The first lesson people here needs to learn is investing only what you can afford to lose, because Cryptocurrency market is highly volatile, you never know the next thing that's going to happen, you could be waking up to find out all your investment are gone, so if you are going to make a loan just to invest, this is going to be a big trouble for you.

[TanakabZX]

Risk management is very important in crypto space, if you haven't got one its better to plan one up, you will easily recover if you have a risk management planned, the most important thing is never invest what you can't afford to lose