Warning from ETH founder about taking loans.

[Cling18]

Entering the market during this time is a risky decision especially when we're just taking loans to get funds to invest or trade. It's better to save and use our own money than borrowing without even an assurance if we could return it or not since cryptocurrency is also volatile. Allocating enough savings for crypto investing is the wisest thing that we could do.

[jacafbiz]

Do not invest what you can't afford to lose into Crypto, though the reward is high and so is the risk, a lot is being said of 2021 and but we need to caution ourselves, a lot of people lost money in 2018 into Crypto and have never recovered from the lose

[bitcon]

Investing loan money on cryptocurrency or any other speculative assets is not a good idea, no matter how good the current market is performing. Only invest money from your extra savings not even from the salary which maybe needed for your next month expenses, make sure that you no need any money from your investment at least for 2 years to make something from the invested capital.

Loans to buy cryptocurrency are the biggest risk! How can you calculate all the chances of profit without even having the start-up capital to buy a small part of it? It is better to buy a little, save up for the initial investment. Than then get into a financial hole and not be able to repay the debt.

[Psynthax]

It should always be like that, taking loan just to buy crypto is insanity, we don't know whats gonna happen in the future yet taking loan and that means double the risk.
Though, honestly vitalik advice will do nothing because people just don't care and some people get blinded by greediness.

[Shubh7668]

If someone takes loan and failed to pay it than,not only he but his family also suffer, specially taking loan for a crypto which is very volatile is madness

[tycsols]

I'm sure that many people are been hype for the current market situations where FOMO is in the minds of people and hyping is spreading every where.

This article released is really a big help for those people who think about taking loans just to have a capital to buy bitcoins without realizing the danger about it.

https://www.coindesk.com/buterin-warns-followers-not-to-take-out-personal-loans-to-buy-crypto

And we need to take many considerations before deciding to do it since if we don't have money to pay if we lose our borrowed money then this could create a huge trouble and might this is a big reason for certain individual to get broke.

So think more about this and make a good decision since it's really risky to take loans since we are already at lose since it has an interest that we need to pay as well it's risky if we don't know on what you are doing.

What are your other personal inputs from this? Kindly share your opinion.

This would definitely be an insane or suicidal decision if someone would take loans or sell somethingbof basic necessaty to buy crypto in hopes of multifold gains in short period of time. Inky do it if you can afford to be homeless or lose everything out of greed, that is why i would advice you to put only the savings in crypto that you can easily afford.