Newbies take my advice

[ameliana]

all forms of investment and trading are certainly high risk especially if you cannot manage your financial management properly. Newcomers often think that crypto is very beneficial or can make you rich quickly. and I also agree that it's better to invest only what you can afford to lose.

[mersal]

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.

Investments should be made from our savings in the beginning stage, then only we can find some profits and sustain here for longer.Once you made lot of money and have enough savings for your survival then you can move to high risky investment with loan money.

[Odebowa]

yes, you are right, personal money is advise to be used in crypto investment because even though is gonna yield the time for loan repayment might have lapse thereby be in serious debt as interest will be increasing, as one will even regret of borrowing in the first instance. its not advisable.

[Danslip]

That is absolutely right, there are a lot of people who are joining here for making quick money, and they think that they will give this debt money back, after gaining some profit. But as you above mentioned it will not the same as them expected. If you lose your money, there is not any big problem that is why this money belonged to you. On the other hand you must also pay your losing money to person, whom you have borrowed some money.

[vermigerous]

Getting loans and borrowing money is a very risky option to earn in cryptocurrency. For me, it is still a luck if you earn big profits in cryptocurrency. It's just a bigger chance to lose money in crypto business if you have no capital and then taking the risk of borrowing or loan.

[StephenJH]

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.

It is just a huge risky for newbies to make such a thing while investing. It is so important to make with small amount of investing if you are new here. That is why no doubt knowledge and experiences play a more important role than any amount in this world. Step by step we have to learn it so slowly, on the other hand, to do it with borrowing money it is absolutely untrue, at the end you can hate this world and you will give only this money back.

[nikki4]

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.

We crypto investment is a very risky investment. We know that everything has some good effects during perfect timing. Any borrow loan could be good, at the time next year's 3rd quarter. New people shouldn't do it because they don't have any experience with it. By any mistake, if you buy any scam coins, then you will lose everything, don't borrow any money which you can't afford to lose.

[TheClownSong]

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 should use our idle money because any type of investment is clearly risky. Borrowing money from banks to speculate in the cryptocurrency market has a high risk and should be avoided so that we do not get into trouble in the future. There are many ways to get altcoin and one way is to follow a bounty campaign if we don't have enough money to invest

[shaheer001]

This is good advice and I want to add one more advice that never trades in this panic condition if you are a newbie as you will lose all your precious money. If you want to trade then split your money in two-part purchase Stablecoin with 50% and from remaining start trade if the coin price go up you will get profit if the coin go down you will lose but not all your money.

[luckyflop]

To be able to make a profit in this market, you need to have a stable mentality and not be under pressure on profits and invested capital. This market is risky and you can lose money at any time, and when you are at a loss you will lose your temper and make the next bad decisions. So invest with your idle money, don't borrow anyone

[Vishnu.Reang]

I would agree with the OP 100%. Taking out a loan to invest in an altcoin is pure lunacy. You will be under tremendous pressure to pay back the loan. And in case the price of the coin goes down, then you may be forced to sell them at a loss. If you are investing your own money, then you can afford to wait for a few years until the exchange rates recover.

[Chuky92]

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.

Sincerely I stand with you, anyone taking such steps to borrow is only killing himself, even those who  are investing more than they have are feeling the heat let alone someone who borrows. The simple way to do things, especially when it comes to investing is to stick to how much your account can bear without it affecting your personal life. The volatility of the crypto space is too much for someone to lack the right approach to investing. Lastly, I also have the mindset that it is not only for newbies but for everyone, because there are people who are still moved by hype.

[Asuspawer09]

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.

Sincerely I stand with you, anyone taking such steps to borrow is only killing himself, even those who  are investing more than they have are feeling the heat let alone someone who borrows. The simple way to do things, especially when it comes to investing is to stick to how much your account can bear without it affecting your personal life. The volatility of the crypto space is too much for someone to lack the right approach to investing. Lastly, I also have the mindset that it is not only for newbies but for everyone, because there are people who are still moved by hype.

Maybe without enough experience in the field, a lot of newbies need to play safe and maybe do a lot of research first before going for investment even if it's, not a loan.

Getting a loan is not a bad thing but you should know the risk of getting a loan or borrowing money for trading if you borrow BTC in the coming years or months the market value of the BTC you borrow could also increase its value over time or if your lucky its might do down.

If you have the money you could do a loan and still have the funds if you need it. But at all time the best thing to do is to risk your own money not a loan because it might be disastrous.

[Inkdull]

I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move

[Bonwin]

I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move

The operator did not say that loan is outrightly bad, but that getting a loan to trade as a newbie can make you wallow in more debt. It is an advise that is rare and I think not just newbies, but that everyone should yield to. The fact is that there isn't any business without its risk, however, crypto can come with higher risk. Just as much as it can give you profit, it can also make you lose.

[pikkie]

I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move

The operator did not say that loan is outrightly bad, but that getting a loan to trade as a newbie can make you wallow in more debt. It is an advise that is rare and I think not just newbies, but that everyone should yield to. The fact is that there isn't any business without its risk, however, crypto can come with higher risk. Just as much as it can give you profit, it can also make you lose.

I think when trading it is better not to use borrowed money, or trading using the money that is needed because I know cryptocurrency trading cannot be predicted how the price moves so it is difficult to predict volatile price fluctuations, so no one can provide guarantees profit.

[thuancapital.vn]

1. Use your surplus to buy one of the top 10 Coin and keep it long time
2. If you do not have the knowledge, invest regularly even when Coin prices rise or fall
For example: Buy 100 $ Bitcoin per week, then even from the period of Bitcoin with the highest price of 20K $ until now you still have profit. And keep it for a few years, not sell it
3. Accumulate daily knowledge and learn from old people in this market to be a smart investor yourself

[asriloni]

I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move

It's business and that will be very different with what we have been talking about in here. Online business have more chance to make the owner to loss all of his resources instantly especially when it comes to the volatile market that everything is unpredictable

[JHORN]

Fear of missing out is what pushed many into loan for crypto and sooner they get burnt, FOMO is very bad, I was caught in the trap myself which makes me lost some money that I haven't recover till this day, when it comes to crypto its better to use some affordable money to take risks

[Aaroenz0r]

I've seen many people who become a successful business men through loan, let's not pretend as if loan can't help, if you have a good business strategy loan can be the easiest way out of getting help but online business? I'm not so sure, it's more risky than real life business and crypto is volatile, getting loan for such isn't a good move

It's business and that will be very different with what we have been talking about in here. Online business have more chance to make the owner to loss all of his resources instantly especially when it comes to the volatile market that everything is unpredictable

Agree! However, the more risks, the more profits! If you want to earn a lot of profit without a high level of risk, it's impossible! Being in this cryptocurrency market requires us to have certain and fundamental knowledge and skills in order to not being burnt out by "fool" decisions.