Polo7 (OP)
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August 08, 2020, 12:09:26 AM |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans I Think its a best time for People without skills or Much of Knowledge to become wealthy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) When times are hard and no money in circlelation then its hard for People without any skills or education to prospel Now its a time When a lot money will be Every Where and People like me without skills or education Can Finnally become rich and wealthy
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jackg
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https://bit.ly/387FXHi lightning theory
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August 08, 2020, 12:12:05 AM |
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Loans are probably a bad idea. If you're wanting to invest, set stop losses or alerts you can wake up to if a coin suddenly drops (its not unlikely we get a hack and an aeroplane has to land at some point...)
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Polo7 (OP)
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August 08, 2020, 12:14:56 AM |
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Loans are probably a bad idea. If you're wanting to invest, set stop losses or alerts you can wake up to if a coin suddenly drops (its not unlikely we get a hack and an aeroplane has to land at some point...)
Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans. You Can take some loans and Move to Other Country
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AjithBtc
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August 08, 2020, 02:58:11 AM |
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Loans are probably a bad idea. If you're wanting to invest, set stop losses or alerts you can wake up to if a coin suddenly drops (its not unlikely we get a hack and an aeroplane has to land at some point...)
Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans. You Can take some loans and Move to Other Country Without skills it is impossible to make an earning out of taking loans. Maybe if you're lucky, you'll get to earn out of the investment. Moving to another country with the loan amount is not a wise decision, because I had a friend who got blocked from Dubai and was asked to settle his debts and move to India.
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jackg
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https://bit.ly/387FXHi lightning theory
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August 08, 2020, 03:03:08 AM |
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Loans are probably a bad idea. If you're wanting to invest, set stop losses or alerts you can wake up to if a coin suddenly drops (its not unlikely we get a hack and an aeroplane has to land at some point...)
Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans. You Can take some loans and Move to Other Country Without skills it is impossible to make an earning out of taking loans. Maybe if you're lucky, you'll get to earn out of the investment. Moving to another country with the loan amount is not a wise decision, because I had a friend who got blocked from Dubai and was asked to settle his debts and move to India. By all means us a safe leverage with SOME funds. You cannot decide whether to pay funds back afaik... Most debt firms will follow you and if they don't, the police will probably have a warrant on interpol for your arrest - for obvious fraud charges...
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bangkecol
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August 08, 2020, 03:10:38 AM |
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I agree with you. This is best time to get rich with invest in crypto space. Because in 2020-2021, cryptospace in bull market. But we must analyze and research what projects we will invest on it. We must always stay carefully facing new scam project.
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Poker Player
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August 08, 2020, 03:20:04 AM |
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And you said that based on... your crystal ball?
Actually, you have a high chance of being right, because in that period we either will be in a bull market or we won't, so, without further considerations you have a 50% chance of being right.
I just don't see you coming back to this post to comment if you are wrong.
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shoreno
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August 08, 2020, 04:55:25 AM |
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Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans. You Can take some loans and Move to Other Country
lol thats insane . before we enter a loan the first thing that should come to our minds is paying back but it happens to some people that they already forgot to pay or intend to not pay back . thats wrong and we should not recomend that . karma is bish as they say and you dunno what if youl loose more that the amount that you ran away .loaning for trading is simillar to gambling . it would be better if we use the loans for regular business , its risky too but its more surer that you can get a return somehow and you can also see your items physically
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sujon5
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August 08, 2020, 06:51:36 AM |
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It's a big misconception. If you want to invest wisely, you need to be skilled and educated, or there is a chance to loose your money.
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Darker45
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August 08, 2020, 07:01:04 AM |
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It's a big misconception. If you want to invest wisely, you need to be skilled and educated, or there is a chance to loose your money.
Not to mention the fact that for you to be able to invest and become rich in just less than a couple of years you need to have money first. And that money is something that should be taken from your savings. Otherwise, you would rather spend that money on something which you or your family needs. If you want to become rich through investments, you need to have something to start from. Without it, you won't ever reach that dream of becoming wealthy. Wealth creation through investment, first and foremost, requires that you already have at least a little amount of it.
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DoubleEdgeEX
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August 08, 2020, 07:35:12 AM |
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Sure, just join the Whatsapp group of crypto investors, just 19,99/month, the fantastic 800% profit/weekly trader on Instagram or the BTC mining business you just have to invite 5 more friends to make money. Seriously, those get rich quick lucksters are the worst. Just have a look at how small the currently pushed DeFi hype really is, it´s a niche within a niche within a niche. https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders Getting a loan for investments is incredibly simple-minded. What if they price doesn´t develop as you expect? Taking risks is one thing, being greedy and bet on hope and a random hype is simply asinine and just shows that the person has no idea about sustainable investments or how you build a portfolio and make relatively safe money for years. Yes, money begets money, but if you are just betting on something you won´t make it in the long run.
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abhiseshakana
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August 08, 2020, 10:12:43 AM |
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Not to mention the fact that for you to be able to invest and become rich in just less than a couple of years you need to have money first. And that money is something that should be taken from your savings. Otherwise, you would rather spend that money on something which you or your family needs.
If you want to become rich through investments, you need to have something to start from. Without it, you won't ever reach that dream of becoming wealthy. Wealth creation through investment, first and foremost, requires that you already have at least a little amount of it.
I think getting rich should start with our thinking patterns. If we want to be rich, we have to start thinking about how to get money to come to us and then take action so that money comes to us. Make these two things a habit, so that making money is a habit so that it is effortless. We have to realize that whatever we already have today can bring in money. We take the example of college kids who get pocket money and phone credit from their parents and free wifi at home. So you can start thinking about how to use free wifi and phone credit to get money, from blogging, becoming a dropshipper, or participating in various competitions. Besides that, for time is money, so don't get it wrong to trade your time to be productive and bring money to you.
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davis196
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August 08, 2020, 11:49:20 AM |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans I Think its a best time for People without skills or Much of Knowledge to become wealthy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) When times are hard and no money in circlelation then its hard for People without any skills or education to prospel Now its a time When a lot money will be Every Where and People like me without skills or education Can Finnally become rich and wealthy If it was so easy for everyone to become rich,then the vast majority of the people on the planet Earth would have been millionaires by now. What about all the people that don't have any savings to invest in the assets you mentioned? Do you have any idea how they can become rich? There's a reason why people with no skills are always poor.If you lack skills,you aren't valuable on the labor market,therefore your salary will be low.With a low salary you can't save enough money to invest and get profits.
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Polo7 (OP)
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August 08, 2020, 11:53:38 AM |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans I Think its a best time for People without skills or Much of Knowledge to become wealthy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) When times are hard and no money in circlelation then its hard for People without any skills or education to prospel Now its a time When a lot money will be Every Where and People like me without skills or education Can Finnally become rich and wealthy If it was so easy for everyone to become rich,then the vast majority of the people on the planet Earth would have been millionaires by now. What about all the people that don't have any savings to invest in the assets you mentioned? Do you have any idea how they can become rich? There's a reason why people with no skills are always poor.If you lack skills,you aren't valuable on the labor market,therefore your salary will be low.With a low salary you can't save enough money to invest and get profits. They Can find Capital from somewhere and Invest. Coz Now its a best time to Invest and getting into Financial field Its s best time for this
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reliable
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August 08, 2020, 11:55:31 AM |
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First step itself is wrong of thinking loan as an idea to invest in crypto. The fall begins form this idea for me as only what you can lose maximum invest accordingly. This is very volatile, and you never know that when the fall could happen and your investment turn into losses and when it will recover later. So invest wisely and in parts so that you can even benefit when the market corrects and buy later
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Finestream
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August 08, 2020, 12:30:57 PM |
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Loans at 1% per month, I think that would be acceptable as in 1 year you'll only have to pay 12% as an interest while if you can choose the right crypto to invest, you might double your investment even in less than a year. However, this is gambling, you are not investing what you can afford to lose as you are borrowing money in order to invest, therefore you need to profit from investing in crypto in order for you to pay the loans.
It's not advisable for non high risk takers, if possible we invest part of our savings than borrowing money that would give double negative to us in the event our investment will fail. We need to understand that though we are so confident with crypto's future, we still cannot guarantee a profitability of our investment.
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dothebeats
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August 08, 2020, 12:41:42 PM |
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Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans. You Can take some loans and Move to Other Country
Nope, this is straight up gambling and risky. Taking out a loan without a definite game plan is like taking yourself closer to jail time if you don't have the means to pay for it. Going to another country is also definitely not a good idea, but it can work if you want to leave your liabilities behind but I highly suggest against that. You will leave behind a bad record and you will be on close watchlist for this possible crime. Loans are great for those with a level-head and clear sense of what they're going to do with it, but just to take it out and commit a criminal crime? That's just too low.
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cryptoboss2020
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August 08, 2020, 01:08:14 PM |
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Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans. You Can take some loans and Move to Other Country
Nope, this is straight up gambling and risky. Taking out a loan without a definite game plan is like taking yourself closer to jail time if you don't have the means to pay for it. Going to another country is also definitely not a good idea, but it can work if you want to leave your liabilities behind but I highly suggest against that. You will leave behind a bad record and you will be on close watchlist for this possible crime. Loans are great for those with a level-head and clear sense of what they're going to do with it, but just to take it out and commit a criminal crime? That's just too low. what you talking about? there is a lot people who have not payed back their loans....where you see crime here? do you know anyone who went to jail they did not payed their loans or credit?? maybe in somehwere like nort korea..lol we live in western mindset world we have liberty and humen rights ...i dont know about what country you are talking about??? second i think loans are good idea if intrest rates are low if you have good plan you invest making ROI you could make good profit,people all over the world used this method in property and real estate business buy to let and so... but btc will definately go up so to invest in btc today is smart way
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The cure
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August 08, 2020, 01:15:59 PM |
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I don't think so, If you want to be successful in anything you do specially in doing trading then you must educate yourself and gather some knowledge about it before you enter into something you have no certainty. And I think it's not a good idea if you borrow money to invest or else you have other jobs so you will be able to pay your debt. We all want to make money and get rich but it's not that as easy like you thinking of.
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teosanru
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August 08, 2020, 01:17:03 PM Last edit: August 08, 2020, 01:37:20 PM by teosanru |
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What an genius you are to bring up this idea? Isn't it? Let me give you a contrary view in this scenario. Most of the people do think the way you are thinking right now. They assume this is the market bottom and it can't get worse so best thing is to just buy stocks by taking debt and then we will repay the debt while earning a much higher amount but this thing can backfire with much larger damage.
Let me Explain you pretty simple situation, Let's assume you buy gold/ stock or something. There can be two ways of how you can take a loan for buying assets:
1. First way to take loan is buy approaching any unorganized sector lender for personal because no way you are going to get a loan from bank solely for buying shares. 2. Second way is you would directly take leverage from the broker while buying such assets.
Talking about the second way first. In such a case just as a person with no skills you have done investment without any knowledge in shares/gold let's say upon recommendation of some expert. Now what will happen is that if that share/gold goes down 5-10% before jumping up. You will be liquidated. Your position will be liquidated and you would lose all your money even if the stock touches the rooftop after that.
In the second situation when you have chosen some unorganized lender for taking such loan. When the stock will go down by 10% you yourself will think of the mistake you have done by buying this stock through a loan and you could end up in two situations: i. You would sell at that point which is 10% less because you know going down from here means your networth becomes negative. ii. Or you would take up another debt to repay that debt ending up in a debt spiral or debt trap what we say.
And trust me both of them are situations in which no one really wants to be.
So my advise is making money like you said is not possible unless you are really very lucky. But if you are just betting on your better try casino. Moreover never ever go in debt for buying stocks unless you have skills of market.
PS: Just in case you are thinking same thing is applicable for cryptos also. I haven't mentioned cryptos because only an idiot would think of taking a loan to buy cryptos. Because crypto are too volatile. No person in sane mind would do that.
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