2020-2021 best year if You Want to become rich no skills needed

[CarnagexD]

Taking loans is not a good idea. I am tellimg you that. But everything else you say is promising and may be true, butbI don't think it fundamentally doesn't need any skills to be used even in an "easy environment" as this year's, (which is not because of the coronavirus outbreak). It has to require some sort of skill or at the very least sufficient knowledge to take advantage of the ease.

[1715077070]

1715077070

[1715077070]

1715077070

[1715077070]

1715077070

[1715077070]

1715077070

[1715077070]

1715077070

[1715077070]

1715077070

[bits4books]

This is good and bad for traders at the same time.
Entering the cryptocurrency market is saturated with risks and for newcomers this is a very dangerous place-there are scammers everywhere, dubious projects, fraud, a market collapse due to a cough from a McAfee or another stupid China FUD.
All this leads to the fact that some people are less willing to trade cryptocurrencies as soon as they begin to realize all the risks inherent in the market and return to the"classic market". Less often, they just buy and hold a small number of coins in order to sell them profitably after a long time

[mich]

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.
 



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

Well you posted this post in Aug 7th and Bitcoin price was 11,600 and looking now it is 18,886. 
So if you hopefully took owns advise then you are in a good position right now. 
There are so many people like you thinking 2021 will be the real breakout year for Bitcoin.

[goldade]

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.
 



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

I agree with you that now is the best time to make investments to get rich. I however do not believe taking a loan might be a good idea. Repaying of such loans might become difficult especially if things go south. I believe one should make investments out of savings and not loans.
Secondly, I think that making money out of investments shouldn't be done without adequate knowledge of what the investment is all about. How do one recognize a good or bad investment if one doesn't have enough knowledge to differentiate.
Yes, passive investment in crypto stocks doesn't require much knowledge but still one should be able to understand how these things work.

[palle11]

But really you don't take loan to invest in a business like cryptocurrency because it is not determined by you for growing. You need to invest with lian on estate business or land property that keeps to appreciate and not affected by many negative government policies.

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

You can not encourage that loans should be taken without motive for repayment.

[South Park]

I wouldn't advice anyone to take a loan to invest in crypto currency. It's like borrowing money to gamble.
Cypto profits may come in few days or years, it's unpredictable, but a loan starts with a timeline to be repaid. If the person isn't able to make his investment worth by the loan timeline it's game over, as the bank interest will start accumulating frighteningly. It's a very unresponsible decision to do so.

Well, yeah as much as I know the price will inflate in coming time, I hate loans even more specially when there is no proper logic behind it. I mean if you are taking loans because you have a good and no risk method to make more money with it, then go ahead and take one but if you are unsure about the outcome then it is indeed like gambling and taking loans.

Also one thing you need to understand is how much the interest is and how much the profit will be because at times you get overjoyed by a particular idea and take loans but later the profit is lower than the interest and it ends up being a bad investment.

Taking loans in order to trade is a very fast way to become poor, you need to pay interest for that money and where I live that interest can be as high as 50% per year, this means that you will need to generate 50% in profits just to break even and only the best traders around the world can do something like that, so it is better to not fall into that trap, if you do not have the money to trade the markets then don't do it and wait until the day in which you do, it isn't as if you have to wait doing nothing, you can begin to study the markets as much as you want and even if it takes you years to have enough money then by the time that you are finally able to trade you will be an expert trader from day one.

[Inkdatar]

If you want to become rich you need skills, and hard work in order for you to achieved it. Taking loans is a very risks steps to do. I don't believe in such thing getting rich without skills and knowledge. This is like you gamble and taking a ladder and regrets later. Gained knowledge first for sure you won't left behind and the more you earned knowledge the more you achieved in life.

[Fortify]

You have to be extremely careful making predictions like that, because as soon as you think you can predict the future the market has a tendency to turn the opposite way. I think for anybody who has been investing in Bitcoin before December 2020 should be very grateful for the returns that have occurred so far this year. Every long term investor should be happy enough for Bitcoin to stick it out at the current price level and even if it didn't move much throughout 2021 it would be great to hold the price around 20k. If you start getting greedy and hoping it will rush up to 30k or higher, you might (!) be very disappointed in the short term and worst case scenario it might drop back in price for a bit. It is a very dangerous game and nobody can really predict where the price is going, certainly wouldn't be in a rush to add more money right now or recommend that others do the same. Remember that is has moved up around $5k in less than 3 months, it would not be difficult for the trend to reverse as we've seen extreme drops can happen in the space of 24 hours.

[ecnalubma]

In investment you really don't have to be skillful but at least you have knowledge on the assets that you are buying. Also its twice the risk when your capital comes from loan. Even investing in Bitcoin has no guarantee that you will make profit in the future, thats why its better to study first before you buy anything in the market, setting limit in your investment not just go all in and get rekt later.

[bearexin]

It depends on how much you’re investing when you’re investing the money and to what extent the price of Bitcoin will reach. All we are doing is speculations on what the price will be in the near future but we can’t tell where it will reach.

We are going to make some money for sure, but that shouldn’t be why you would think you’re getting rich, still continue doing other things you’re doing so that you can keep having income that’s coming in from multiple streams. While you’re making money from other sources you can be waiting for your invested in money in BTC to rise.

[Findingnemo]

In investment you really don't have to be skillful but at least you have knowledge on the assets that you are buying. Also its twice the risk when your capital comes from loan. Even investing in Bitcoin has no guarantee that you will make profit in the future, thats why its better to study first before you buy anything in the market, setting limit in your investment not just go all in and get rekt later.

It shows how experienced you are in investment sector. Loan money is best for investing purpose but not on speculative assets like Bitcoin which has no predictable price even in short term but its best for business related investment. And don't think that you don't need skills to be successful because if you are right then everyone became successful with their investment.

[doomloop]

Investing during pandemic was never something in question anyway. The real problem is, people with no skills do not have the money to invest anyway so how could they invest? If you have no money, that means this year and next year is not a year for you, you are gone and out of question. That shouldn't be the case, just because some people have money, they shouldn't have more money, that is the root of evil in our society right now where rich people get richer while poor people gets poorer.

Look at things right now, pandemic caused some people to lose their jobs and can't even pay their rent right now whereas some people who had a lot of money just bought up bunch of stocks and bitcoin and they are richer thanks to it, that shouldn't exist in society where poverty is a big problem already.

[sapnu]

In investment you really don't have to be skillful but at least you have knowledge on the assets that you are buying. Also its twice the risk when your capital comes from loan. Even investing in Bitcoin has no guarantee that you will make profit in the future, thats why its better to study first before you buy anything in the market, setting limit in your investment not just go all in and get rekt later.

It shows how experienced you are in investment sector. Loan money is best for investing purpose but not on speculative assets like Bitcoin which has no predictable price even in short term but its best for business related investment. And don't think that you don't need skills to be successful because if you are right then everyone became successful with their investment.

It's just too risky to loan some money for your investment since you don't know what will happen in the future unless you are well-knowledgeable about the important information you need to know when supporting a project or doing some trading. It is better to do some business if you want to loan some money and you want to earn with that money you borrow since you can make sure that it will grow as long as you are putting some effort and hard work for that to succeed. Investing with your borrowed money is not a good idea.

[BuNga_cute]

Indeed, this year the performance of cryptocurrency is very good, and I agree that this year it is very easy to make profit
from cryptocurrency. Because the crypto price continues to rise, and there is a possibility of a bullrun until the end of 2021.
But skills and knowledge are still needed to be able to make a profit, without skills and knowledge there is a possibility that
we will make the wrong decision. It could be that we lose the opportunity to get a profit, because we don't have the expertise
and knowledge. I believe to be rich requires skill and knowledge in market analysis.

[xSkylarx]

There are so many people like you thinking 2021 will be the real breakout year for Bitcoin.

Will 2021 be really a good year for bitcoin? I'm still skeptical because I've seen its up and downs since its last ATH, and I can say bitcoin is a very volatile asset to invest. I'm hoping for a positive outcome but I just can't get out of my mind how hard will it dump after it reaches its new ATH. I'm just hoping that bear season last year won't happen again.

[Vishnu.Reang]

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.

OP is asking others to commit fraud. He would take loans from various banks and then flee to some other country to avoid the repayment. I am not sure whether this will work that easily. In many nations, the banks can actually impose a ban on international travel with the help from courts, if they have sufficient evidence to prove that the individual who took the loan is trying to default.

[sayaya17]

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.
 

Yeah, since you made this thread in August until now, the price of bitcoin continues to soar. Perhaps if you had invested from august,
you or anyone else could be rich with the price of bitcoin now reaching $19,160, compared to the month of August which is still $12.xxx.
By taking out a loan by then it might be appropriate. But frankly, this could be risky too, if bitcoin doesn’t go up in price as high as it is today.
Moreover, the capital used is from loans. However, one must have expertise in crypto investing to minimize losses in investing.

[South Park]

If you want to become rich you need skills, and hard work in order for you to achieved it. Taking loans is a very risks steps to do. I don't believe in such thing getting rich without skills and knowledge. This is like you gamble and taking a ladder and regrets later. Gained knowledge first for sure you won't left behind and the more you earned knowledge the more you achieved in life.

Exactly, nothing wrong with gambling if you are doing it for entertainment and you are doing with with a small amount of your capital, but when it comes to investing and trading you cannot have the same attitude, you need to do whatever you can to improve your chances to become successful because if you do not then you can be sure that someone else around the world is doing it while you do not, and while you may beat a trader like that from time to time just by luck, on average that person will beat you more often and will eventually get your money, so it is silly to think we can obtain success without working hard for it.

[magneto]

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.
 



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

This is the worst financial decision that anyone can make - and I'm a long term bitcoin bull.

The fact that you are suggesting taking out a loan means that you're restricting yourself to a particular investment horizon, because there is a maturity to your debt and to keep on holding your position you'd have to continuously pay market interest.

With such a volatile asset class like BTC, this is the worst you can do as a retail investor nearing an ATH.

This has nothing to do with whether or not there is a lot of liquidity in the system either. That liquidity does not lend itself equally to all of the available markets, which means that certain assets have the potential to still underperform significantly in relation to others.

And even supposing they do, it's way easier to lose money in market rallies than you think. Most people, especially trading on margin (which is essentially what you're suggesting to do here), don't have the mental fortitude to hold onto their positions for long enough to enjoy the benefits of a rally.

[Webetcoins]

Well, depends on your loan situation of course but as long as you are committing a crime, why would you want to wait for this year at all?

If you want to do this, you are going to be a criminal for the rest of your life and will always have to fear and look behind your shoulder and sleep one eye open. Never, NEVER commit a crime you are not ready to face the consequences of.

Sure I can maybe jaywalk, or smoke in a closed space where I shouldn't, those are the type of laws I am willing to risk, at worse I will be punished with a ticket and pay a fine and get away with it, recently a cop checked my car and realized I was missing a fire extinguisher in my car which by law I am required to always have, that was "illegal" to not have it and I paid a fine and got one, limit yourself to these level of stuff, nothing more.