Newbies take my advice

[Danslip]

For newcomers, i would say that it is better not to invest in the crypto market without proper knowledge about crypto market. But i was saying that newcomers should not come to this market. Before you come, you should know something about the market and take tips from big brothers and online.

l do agree with your words, newbies must learn everything about investing then they can invest in any project. That is why knowledge and experience are so important in crypto-world. You can analyze the situation and make research about the project, which you want to invest in. It can increase your chance for getting some profit from your own investment. But without that l can not imagine there can be any success, maybe 2 or 3 times you can win for you lucky, but mostly you will lose.

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[bits4books]

It is a pity that people generally come up with such a stupid idea as taking a loan for cryptocurrencies. How many classes of education do they have? 1-2? I understand when people who are already established and know the market do this - they fully understand what they are doing and know what to expect but when a newcomer comes to the crypto industry with credit money… This will cause  news of another suicide. This is very sad.

who does something stupid like that? it would be better to sell the real assets we have than to have to borrow from others. it's like killing yourself by losing people's money. no one gives certainty that they will benefit in the time they planned.

Yes a lot of people think like this. All sorts of guys who think they are the smartest in the world. That they smart enough to trade with loan money. Sometimes they could even have several successful trades. They take even more confident in their victory and then just burn all the money and start whining:
- my God i loose everything and don’t want to live anymore.....
a stroke of genius no less

[bits4books]

It is a pity that people generally come up with such a stupid idea as taking a loan for cryptocurrencies. How many classes of education do they have? 1-2? I understand when people who are already established and know the market do this - they fully understand what they are doing and know what to expect but when a newcomer comes to the crypto industry with credit money… This will cause  news of another suicide. This is very sad.

who does something stupid like that? it would be better to sell the real assets we have than to have to borrow from others. it's like killing yourself by losing people's money. no one gives certainty that they will benefit in the time they planned.

   Bison, people who are doing this are people who are self-confident in their intentions. The same people learn from their mistakes,
after they make them. And we shouldn't bother about this, it's their thing what they do with their own life!
   What is important for us it to learn from other peoples mistakes, and if we made a mistake to not hurt us too much. It's what we
learn and what we need to teach our children and close people we know.

But we are talking about newcomers who only yesterday knew about the crypto markets and cryptocurrency from some articles on buzzfeed and decide that they are " PRO INVESTOR"

[Greatdev]

This warning is strictly for Newbies just like OP says, newbies have too low experience about crypto and many of them don't want to learn first before chasing money, they invest heavily on coins with money they never owned, there is always lots of mistakes waiting for newbies in crypto space if they put aside knowledge seeking

[niisarearning]

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.

Crypto market is high volatile if somebody following the future events , Believing the concept of solution provided particular token or coin and also we should find the active team , community support . then we can make some profit by holding long i mean ( Crypto holding couple of months consider as a long ) . As OP said crypto is high volatile . For holding long lendign or borrowing for interest surely make you panic you may end upto loss your money.

[New_order]

Online experience will never be like that of offline experience, without the right knowledge about crypto you will keep making unnecessary mistakes, you can't be in haste of making money in crypto space without falling victim to scam, imagine someone with no proper experience know decide to go for loan to invest in crypto, losses is certainty

[B.wealth]

Nobody does that, you can't be gambling with borrowed money, because you lose or gain, you must refund d money you borrowed. Newbies should please learn from this.

[gaston castano]

no matter the coin, actually more to the market situation, if people are accustomed to trading trading, and pay attention to market conditions, then any type of coin they can still benefit.
but if you just buy without any analysis then it's the same as gambling.

[KaratX]

I'm not so against taking loan, sometimes they are life saving but that's in the real world not on crypto, I've never do this before, the first thing that come to my mind is the risk of crypto which can't be compared to real life business

[VIP BTC]

...borrowing money to invest in crypto is very risky, because the price of crypto is very volatile. If after we borrow money and buy crypto, then the price of crypto increases, then we can return our loan money. But on the contrary, if the price of crypto is down then our loan maturity has arrived, of course we have to sell the existing crypto to return the loan.
In this condition we will lose.
I think investing in crypto is with capital that is able to lose.

It's just like how it works in gambling or investing in ICOs based tokens, you don't have to play with more than you can afford to lose. Personally, i don't suggest users to borrow for those fields, as the risk is getting higher by the crazy volatility in price even if it goes higher for a certain period.
Seriously, i find it stupid to risk of getting a loan in order to risk twice in an unconfirmed investment .

If investing in ICO and IEO is very risky compared to us trading. Trading we can monitor the price of coins by themselves. If indeed the market is deteriorating, we only hold stable coins. While ICO and IEO investment the price of coins is still in the planning. Not necessarily after listing the price of a coin will be the same when we invest. Borrowing money for investment is indeed a bad thing, because we may not necessarily have benefited when the loan bills are due.

[bonyaserg]

I can totally agree with this opinion. Starting a business with loans or debts is a complete failure. It can go wrong and lose all your funds. And you need to be prepared for all losses and, in case of loss, do something else to grow your business.

[ElmedoRator]

I can totally agree with this opinion. Starting a business with loans or debts is a complete failure. It can go wrong and lose all your funds. And you need to be prepared for all losses and, in case of loss, do something else to grow your business.

If you make a profit from investing in this market, everything will become very easy. But if you're at a loss then I believe that things will get worse, I've been in that case and it's hard to overcome.

[Inkdatar]

For newbies that lack knowledge or skill, yes they shouldn't take a loan or borrowing money to trade and invest. Else, loans or borrowing money in crypto are just similar to the real world. So many small business startups from loans or borrowing money and the same with traders or investors.

Well, mostly newbies does’nt think of the best options when it comes to investing in crypto. Regrets always experience because of also impulsive and panic selling in trading. This is really important to know the risks in crypto to avoid losing money. And borrowing money or taking a loan is not the best options rather gaining knowledge could help us in anyway in crypto.

[Phoenix_PROG]

It's not good to go for loan when you have limited experience about crypto, the risk is huge and you can lost all your money, even if it's your hard earned money it's better than going for loan, it will put you in more trouble

[Triffin]

I can totally agree with this opinion. Starting a business with loans or debts is a complete failure. It can go wrong and lose all your funds. And you need to be prepared for all losses and, in case of loss, do something else to grow your business.

To start something we will have to take risk first as no one know what will happen next if he will win or lose in his businesses so everything has a beginning point that we all have to go through starting investment is also full of risk you may lose or win but to be successful you will have to be ready for facing risk. Loan taking is not suggestible but still I would take loan not so big loan but just a miner that I can afford to lose.

[InwardContour]

I wonder why someone in his/her right senses will borrow money to invest in a highly volatile asset like crypto. Sometimes we don't have to put the blames entirely on newbies who invest this way with borrowed funds, it depends on the orientation they got before venturing into crypto. Someone who didn't know I'm into crypto was advising me to invest in LINK, that he just did and it will touch 100$ soon, little did he know that I'm a pro in what he claims to be a pro in. Imagine if I'm a newbie and got that kind of advise from a trusted friend, and maybe at that time I needed to make money by all means and decided to borrow to invest in LINK. Let's be mindful on what we tell newbies in crypto, let's stop making it look like a, get rich quick scheme.

[Casdinyard]

Exactly. That was the brightest thing and practical way to do. NEVER ever borrow money to use on investment or trading. If you are really sincere and wanted to do trading and investment, better use your own money. If you do not have enough money to do such things, better set back for that was already a sign that you are still not ready for engagement into trading nor investing.

There is always a saying that I always read and become the most common advice among newbies that upon deciding to invest or trade "only put up the amount you have and only you can afford" which means that give only what you have. If you do not have any, then basically you are still not ready for investment and trading. Borrowing money will just give you headache and frustrations thinking how can you be able to pay back the money you have borrowed most specially when the investment you have done takes time and same thing with the trading. It would be such a relief to use your own money so whatever happens, it would be just your problem within yourself and you have nothing to worry how can you pay your debt into other people. People must know especially for the newbies that trading and investing is like risking your money to seek for better opportunities that it will gain profit. It would be so nice and calm to risk your own money rather than having that conscience in your mind risking other people's money that might fall into disaster.

[cytpoway121]

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.

Loans are not good for traders or investors, it leaves you desperate, anxious and clouds your judgements while trading. To earn from crypto currency trading or investment, you need to use funds you are able to lose and also gain the necessary skill to excel and make profits from trading

[shoreno]

sorry op but this advice is for all . all of us are willing to loan to support our needs or addiction  and there are those that take loan to gamble . thats more risky than investing/trading , id say its better to loan to invest or trade than to gamble but we can also get lucky and win  . loaning and loosing at the same time is double the problem than a normal losses without loans    .  i dont recomend anyone to loan but if we cant resist it we can pause for a while and  lets try & see if what we can do to earn  before we do it  .

[VIP BTC]

As long as they know what they're doing, taking loan or borrowing money is fine. Not every newbie on crypto are bad or don't know the concept of loan and all its benefits, risks.

What if something bad happens to your investment, and your loan has arrived at repayment time. Borrowing money for crypto investment is not the right thing, unless they invest in gold. Don't think of profits, but think losses. Because everyone will be happy with the benefits, but it is difficult to accept if losses occur.