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

[Traderbtcc]

I don't know about you but taking a loan to invest in crypto definitely not a good idea, the risk of ending up not being able to pay back the loan you got is just too high, I won't advise anyone to try that cause investments are made with the money we can only afford to loose and not with a loan, where if the investment doesn't turn out well the loaner will be on your neck or even take over the property you gave as collateral just incase you're unable to pay back the loan, forget about what those Twitter influencers said it's totally crazy to use a loaned money to invest in crypto.

[sazonk]

I don't think loans are the right solution for investing in crypto. And those are not all great things to try. I think it's crazy to risk real data for a loan so I can invest. And we know that investing in crypto is very risky. It is very bad to risk real assets such as houses, cars and even borrowing. It would be better if we want to invest in crypto by looking for other ways such as taking quizzes or contests.

[qaz20180808]

I won't do that, because of obvious reasons like the market being very volatile. Whenever you want to invest in something crypto or not make sure that it is disposable income. Crypto loans however may work out..? 

[xSkylarx]

Taking a loan just to invest in crypto is a big risk to do. It doesn't give you a guaranteed profit. You're just hyped this time because you see it's pumping. But when market is going down you, I'm sure you never thought of getting a loan to buy crypto. And there's also a chance that you will pay the loan with your own money or salary if the market is not good at that time.

[bakasabo]

As fear and greed indexes are high, I would not recommend to take loan for crypto right now. As cryptocurrency price could instantly go down any minute (of course it could also go up, but we are pumped heavily already), because it looks that Bitcoin has run out of power and stopped its growth and you wont earn a lot. It might be wise to take a risk and buy crypto in Spring or Summer. Risking right now is not rational.

Taking huge risks just to get 2-5% profit is useless. Risk that the price would go down is much greater.

[reza7777]

Even though there are large loans, I will not invest in crypto instead I will invest in the business that I have, because if I invest in crypto I am committing suicide, crypto is very risky and if I cannot repay the loan ( experience a loss) would certainly stress me out

[oHnK]

I don't even think that could be profitable enough for people who have been using their money to invest in the crypto and then the market turns into the bearish market.
It's not about investing into the various business but you must be a smart person. In the speculation market and timing to enter in the market is very important.
When you are using loan to invest in crypto and you will have to pay doubled with the interest.

Why don't you see a profit on that?  If you want to borrow money from a bank, maybe the interest you pay is around 10-20%.  Meanwhile, if you invest in crypto there are several coins that even in just a few months can record 100% profit.  So I guess there's nothing wrong with getting into debt.  Now the problem is, do you dare to take the risk or not?

[JaoBadjap]

play with the money you can risk to loss.
making it stupid to take a loan and to invest into crypto.
for some it might work but not all of them,
risking your money on investment is already a gamble.
to think loaning money and risk? if it turns out to be a bad investment what will happen?

[meldrio1]

I never want to take loan just to invest in crypto,. I'm afraid what if the market will suddenly go down. It would be difficult for me to recover it, so it is risky to take loan. We can not predict the movement of the market sometimes it will go dump without a reason. Better to not take loan just use your extra money or your salary if you have a job at least 30%.

[Handsome Boy]

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?

Of course I don't agree, because we never know the state of cryptocurrency market in the future, whether there will be a bull run or a bear run, If someone is going to make a loan from a bank just to buy and invest in cryptocurrency then I suggest thinking carefully, because if the price goes down, then he will lose a lot of his money (bank interest must be paid and the investment value decreases) and indeed if the price increases, then he will get a very big profit, but the risk is too big and I would never advise someone to take out a loan at a bank just to invest in cryptocurrency.

[Kelvinid]

I never want to take loan just to invest in crypto,. I'm afraid what if the market will suddenly go down. It would be difficult for me to recover it, so it is risky to take loan. We can not predict the movement of the market sometimes it will go dump without a reason. Better to not take loan just use your extra money or your salary if you have a job at least 30%.

I know that you are anticipating the possible dumps and you are right. Some people got into trouble because of the work "what if?" This drives them to feel uncomfortable about their doings because in the first place they are already in the doubt.

I'm not really agreeing that a loan is bad but we are talking about investment and this is for the capital that soon to has returned. Losing can be happening but if we are able to manage this, there is no way we got into that thing but of course, a gaining return.

[Rengga Jati]

This is what I always hold tight, never invest in Bitcoin with money loans. This is too risky because we cannot always meet an uptrend market of BTC. which is why we can't consider it as a good way to do it.
Profit is very sweet. However, not all investments will give us profits. We may also experience a loss if we do not have a good strategy and also analysis. although today is still in the bull market, we cannot know how long it will last. We cannot determine. Even it will last longer again, I personally am not brave enough to get lonas to buy BTC

[FaucetKING]

Taking a loan from a local bank and investing it into cryptocurrencies is true madness. Imagine if Bitcoin dumps hardly and this guy just gets afraid and sells what he buyed and then when Bitcoin bounces back, he will find himself at a loss. If he is a skilled trader and he's sure of what he's doing then i can take that in mind and it would be just normal to take a loan if he doesn't have liquid cash with him or can't invest using his salary.

[oprahwindfury]

That is not a smart thought. Putting resources into crypto is hazardous, at that point you utilizing cash from credits which likewise exceptionally dangerous. You put yourself into inconvenience. You can't assurance that you can procure a ton in your crypto speculation since market is so unpredictable then you need to pay your credits and premium each due date. It will simply give you migraine. Much better to try not to take advances to put resources into crypto, that isn't prudent.

[Miaallen]

Crypto investment is a very volatile one. That why people are always advised to invest only what they can afford to lose. Now think about it. When you're advised to invest only what you can afford to lose, does that include the money you borrow?

[Fivestar4everMVP]

Taking a loan from a local bank and investing it into cryptocurrencies is true madness. Imagine if Bitcoin dumps hardly and this guy just gets afraid and sells what he buyed and then when Bitcoin bounces back, he will find himself at a loss. If he is a skilled trader and he's sure of what he's doing then i can take that in mind and it would be just normal to take a loan if he doesn't have liquid cash with him or can't invest using his salary.

Even if he's a skilled trader, it's still not advisable to take a loan from the bank to help he's trading business, I rather advice he seeks investment from people and pay them a certain percentage from his profit every week or month, this to me will be much more easier and safer than taking loan from the bank, professional traders make mistakes too, and you never know what will happen, even as a professional, things might go the wrong way and he end up owing bank a huge amount of money that might be difficult to pay up in a short while.

[carlfebz2]

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?

For me, taking loans to invest in crypto is a total disaster. High return in cryptocurrency does not guarantee that you can pay your debt because high risk is always there, unless you are a lucky early adopter and you bought the best coin that won't let your investments down.

Would really be like a sort of gamble when you do make out decisions on taking up some loan for you to make up some investment here on crypto.Everything doesnt have guarantees
which means you do have some sort of problem on repaying those loans without relying into your investment returns.

You would put up into consideration that earning profit on crypto isnt an assurance because it all matters on how the market moves and when the time comes where
you loan is already into its due then you do need to pay.

This is why i dont really that recommending on taking up some loan just because you do like to invest.

[adzino]

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?

Borrow money from friends and family? No, you shouldn't, unless you have some sort of collateral that you can give them in case you failed to make profit and lose your funds. You do know that crypto currencies are extremely volatile, right? Why risk other peoples money and put yourself in a situation which might end up being bitter?
Like everyone said, invest if you can afford to lose. If you can't then don't even bother. Maybe save up something in the future and use it to invest in crypto currencies.

[FaucetKING]

Taking a loan from a local bank and investing it into cryptocurrencies is true madness. Imagine if Bitcoin dumps hardly and this guy just gets afraid and sells what he buyed and then when Bitcoin bounces back, he will find himself at a loss. If he is a skilled trader and he's sure of what he's doing then i can take that in mind and it would be just normal to take a loan if he doesn't have liquid cash with him or can't invest using his salary.

Even if he's a skilled trader, it's still not advisable to take a loan from the bank to help he's trading business, I rather advice he seeks investment from people and pay them a certain percentage from his profit every week or month, this to me will be much more easier and safer than taking loan from the bank, professional traders make mistakes too, and you never know what will happen, even as a professional, things might go the wrong way and he end up owing bank a huge amount of money that might be difficult to pay up in a short while.

Well, i talked about that. If he is not really a skilled trader and if he's not aware of the risks then he should never take any risk. There's some moments when you can predicts that there will be huge profits and you just can't keep watching the graph going up and you'd like to jump in .. for the professionals they will really know what i'm talking about. It's never good to take any risk for sure, thanks for insisting on that.

[bttmember]

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 have not done so ever but this idea did hit my mind a few times especially when i expect bulls in a coin but being very risky thing i have always dropped this idea.