Should you take loan(s) to invest in crypto?

[ScamViruS]

I wouldn't do such risky thing, i am a conservative investor, just using my spare money to invest in cryptos, loans to invest that is too dangerous for me, i am not say that is bounding to lose, but i am afraid i cann't  bear that pressure of lose.

It is risky to invest anywhere after taking a loan. And it is very risky to invest the money borrowed in crypto, because the crypto market is very volatile, so if the market is dumped for any reason, it will take more time to recover and at that time the loan interest rate will continue to increase regularly. As you said, taking this pressure is not for everyone, it can be taken by those investors who have the ability to control this pressure.

[Fivestar4everMVP]

Loan can be consider good things for them who already have expriance about crypto industry and expart on trading.even i took last loan many years ago and fortunately was able to make profit and successful to return the loan amount.although amount wasn't big.but i don't recommend loan for anyone.try to investment or trade with what you have.but if you really sure you can do profit, then a little loan could be taken.

If you have good understanding and you also do have resources to pay those loans then grabbing the opportunities is not bad. It's important to have

other sources of income in order to pay those loans and continue holding your assets inside crypto while waiting for the price to rise. Loans are for those

who really trust their knowledge and not for those who are just trying to gain quick profits just because of someone told them to invest.

I totally agree with you mate, using myself as an example, I will only take a loan to invest in crypto if I have other solid means of me being able to pay back the money effortlessly without having to depend on selling the investment before being able to payback the borrowed money, I can never borrow and depend on the quick profits to payback, that's very risky, what if crypto goes down and takes a lot of time to come up again, one will end up having a heart attack that could have been easily avoided.

[speedforce]

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I Try in the past borrowed money from the bank to build some rig to mining ethereum, in the end its not worth it. I lost a bit actually. Dont try to push your luck ok!

[Hamphser]

Loan can be consider good things for them who already have expriance about crypto industry and expart on trading.even i took last loan many years ago and fortunately was able to make profit and successful to return the loan amount.although amount wasn't big.but i don't recommend loan for anyone.try to investment or trade with what you have.but if you really sure you can do profit, then a little loan could be taken.

If you have good understanding and you also do have resources to pay those loans then grabbing the opportunities is not bad. It's important to have

other sources of income in order to pay those loans and continue holding your assets inside crypto while waiting for the price to rise. Loans are for those

who really trust their knowledge and not for those who are just trying to gain quick profits just because of someone told them to invest.

I totally agree with you mate, using myself as an example, I will only take a loan to invest in crypto if I have other solid means of me being able to pay back the money effortlessly without having to depend on selling the investment before being able to payback the borrowed money, I can never borrow and depend on the quick profits to payback, that's very risky, what if crypto goes down and takes a lot of time to come up again, one will end up having a heart attack that could have been easily avoided.

You would really be in a big trouble if that thing happens.Its not bad to take up some loans for investment purposes but if this one is  the main thing you rely or depend
on for you to repay back then its better not to take the risk because theres no assurance that this market will really be going on what you had anticipated.
Always put up some consideration on what would be the consequences when you do take a loan and wont able to repay it back.
In my entire life, I didn't really able to have this kind of consideration in mind specially with dealing with crypto.I would rather skip out on seeing those opportunities
rather than risking on things that you aren't sure that you can repay on.

[Justin999]

I don't support to take loan.people usually take loan to invest in crypto and earn money from it, which isn't easy.crypto market is unstable and its really uncertain to make profit from it.just invest the amount that you can afford.if you take loan, then you will be in trouble anytime and you may need to spend so many years to return the loan! So be careful and think again before loan. I personal didn't take loan and don't suggest

[Swordsoffreedom]

You can but I do not encourage you to take a loan for investing in the crypto market cause of its uncertainty and volatility. I don't think short term crypto investing is very profitable. Investing for the long term is profitable, but if you take a bank loan for the long term, they will take a lot of interest from you. You will get tired of paying interest. The best idea is to invest your monthly savings accounts money in the crypto market, it will not have much impact on your personal life and you can also benefit by holding long term.

[lunnatic]

If you take a loan and start investing in crypto, it is certainly very risky,
because it is not your money, we know that cryptocurrencies are very high risk, if you do not have profit from cryptocurrencies,
then you will have difficulty paying off the loan.

[tabas]

If you take a loan and start investing in crypto, it is certainly very risky,
because it is not your money, we know that cryptocurrencies are very high risk, if you do not have profit from cryptocurrencies,
then you will have difficulty paying off the loan.

That is true. We see the crypto market is moving towards up high but that doesn't mean that you must be confident taking loans and doing so.
It's a wrong strategy that you have in investing in cryptos. Take those experiences in the past on 2017 ATH when people took loans in the banks and probably sold houses and everything but ended up with the wrong strategy because the bear market came.

[Wulan_maniez]

The survey results show some investors take risky investment options in order to enter the cryptocurrency market by making loans.
We do not justify this if someone sacrifices their financial interests in order to own cryptocurrencies.  Therefore,  Investing in crypto
is like an uncertain investment instrument. We can’t always think that investing in crypto will always give a lot of money.

[Swopon]

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Someone is borrowed money to invest in crypto. It doesn't mean I should also buy. I have my own brain to research. So I will definitely understand the situation is what is going to be happened.

I don't think and support to take loan from bank to invest in cryptocurrency. I didn't involve in such things before. Yes, it is crazy. Because you have to pay more for taking loan.

[shoreno]

im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .

loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )

[Yamifoud]

im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .

loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )

Having loans for useless things just like to buy luxury and unnecessary things are not good. But if the intention for this is for investment or to run a business as capital, that seems a beneficial and a good idea. However, investing in crypto is consists of high-risk in which having a loan just for this is quite not advisable, I recommend starting investing that won't compromise ourselves if ever we lose.
I hope that OP would listen to us, not eventually we are stopping you to commit loans but just giving you time as well to have some basis on your decision.

[sulis sudibyo]

Better not, using borrowed funds to trade crypto is suicidal. the market doesn't always go your way. You've probably heard that people lose even when the market is in a bull. if you became one of those people, what would you do ?. how do you pay the loan when you lose?. better use the minimum funds, it doesn't matter even if you get a little profit. at least you don't mess with debt.

[Sithara007]

Loans need to be repaid, with interest. And investment in cryptocurrency is extremely risky, as we have seen many times in the past. What will happen in case you are taking a loan to invest in cryptocurrency, and the coin goes down by 80% all of a sudden (as happened in 2014-15, and in 2018)? You can't default on the loan repayments and in the end you will be forced to sell your investment at a massive loss.

My opinion is that taking out a loan to make an investment is a stupid move. If you manage to get an interest-free loan with repayment deferred for 4-5 years, then you can think about it. Else, it is a strict no-no for me.

[ardentvolcanoes]

Better not, using borrowed funds to trade crypto is suicidal. the market doesn't always go your way. You've probably heard that people lose even when the market is in a bull. if you became one of those people, what would you do ?. how do you pay the loan when you lose?. better use the minimum funds, it doesn't matter even if you get a little profit. at least you don't mess with debt.

Consequences needs to understand more deeper, if you don't know how to work it out never to take this option. Loan only make you more

to suffer if you don't have any ideas from what you are dealing with, there are people who can deal with this but not everyone are good and

lucky enough to  benefits from your loan money, most are suffering with one single mistake.

[bittreo]

im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .

loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )

Having loans for useless things just like to buy luxury and unnecessary things are not good. But if the intention for this is for investment or to run a business as capital, that seems a beneficial and a good idea. However, investing in crypto is consists of high-risk in which having a loan just for this is quite not advisable, I recommend starting investing that won't compromise ourselves if ever we lose.
I hope that OP would listen to us, not eventually we are stopping you to commit loans but just giving you time as well to have some basis on your decision.

I think, I won't go with loan for investing in crypto. And looking from comments, I don't think I will suggest this to anyone either.

[oHnK]

My opinion is that taking out a loan to make an investment is a stupid move.

Investing in cryptocurrency with debt is not that bad if the investors have a lot of knowledge and experience in the crypto field.  In fact, it is quite promising.  Because many people start investing in various businesses on a debt basis.  If we talk about the risk of all investments are risky, and it depends on us whether we are risk takers or not.

[Shasha80]

Don't use borrowed money to invest in crypto if you don't want to get into trouble. There are so many instances that using borrowed
money to invest in crypto, end up having to sell their assets, because the coins they buy are dump. And they have to pay off the loan
money, some even borrow money from moneylenders with very high interest. Don't get into big trouble by using borrowed money as
capital for investing in crypto.

[wheelz1200]

If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

Taking a loan out to invest in pretty much anything that can theoretically vanish is a terrible idea.  You put your financial future on the line.  Work more, spend less and put that into crypto.  If its lost completely at least you won't owe anyone back that money.

[iTradeChips]

I always discourage people to borrow money just for the sake of investing in cryptos. Because it poses more risks in an event that you failed your gamble and you were now unable to pay the money. Just try to save some cash and use that for investing instead of borrowing money for the sake of getting cryptocurrencies. I always try to save money and I encourage you to do the same. Put your eggs in multiple baskets or income methods.