Bitcoin Forum
June 20, 2024, 08:15:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 »  All
  Print  
Author Topic: Should you take loan(s) to invest in crypto?  (Read 2055 times)
Traderbtcc
Full Member
***
Offline Offline

Activity: 1190
Merit: 123


★Bitvest.io★ Play Plinko or Invest!


View Profile
December 22, 2020, 08:25:35 AM
 #101

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
Sr. Member
****
Offline Offline

Activity: 575
Merit: 268

Changing the game


View Profile WWW
December 22, 2020, 09:57:05 AM
 #102

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.

Shallow Water
qaz20180808
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
December 22, 2020, 10:12:28 AM
 #103

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
Hero Member
*****
Offline Offline

Activity: 2352
Merit: 594


View Profile WWW
December 22, 2020, 10:25:00 AM
 #104

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
Legendary
*
Offline Offline

Activity: 2352
Merit: 1195



View Profile
December 22, 2020, 11:01:45 AM
 #105

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.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
reza7777
Sr. Member
****
Offline Offline

Activity: 1414
Merit: 255



View Profile WWW
December 22, 2020, 11:16:53 AM
 #106

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

        ▄█▄▄    ▄█▄
     ▄▄██▀▀  ▄███▀██▄▄
  ▄▄██▀▀  ▄███▀    ▀▀██▄▄
▄██▀▀   ▄██▀    ██▄   ▀▀██▄
██      ██       ██      ██
██      ██       ██      ██
██      ██       ██      ██
██      ██       ██      ██
██      ██       ██      ██
▀██▄▄   ▀██   ▄▄███   ▄▄██▀
  ▀▀██▄▄    ▄███▀  ▄▄██▀▀
     ▀▀██▄███▀  ▄▄██▀▀
        ▀█▀     ▀█▀
.
N O D Y
nody.ai

   

 

   

 
▄█████████████████████▄
███████████████████████
████▀███████▀   ▀▀▀▄███
███▌  ▀▀███▌       ▄███
███▀               ████
███▄              █████
████▄            ██████
█████▄▄        ▄███████
████▄       ▄██████████
███████████████████████
▀█████████████████████▀

   

 

▄█████████████████████▄
███████████████████████
████████████████▀▀█████
███████████▀▀▀    █████
██████▀▀▀   ▄▀   ██████
███▄     ▄█▀     ██████
██████▄ █▀      ███████
███████▌▐       ███████
████████ ▄██▄  ████████
██████████████▄████████
▀█████████████████████▀

   

 

▄███████████████▀▀███▀▀█▄
██████████████▀▄██▄▄    █
█████▀            ▀██▄▄██
█▀                    ▀██
█      ▄█▄    ▄█▄       █
█▄     ▀█▀    ▀█▀     ▄██
██                    ███
███    ▀▄      ▄▀    ████
████▄    ▀▀▀▀▀▀    ▄█████
██████▄▄        ▄▄███████
▀███████████████████████▀

   

 

▄███████▀▀▀▀████████▀▀▀▀█████████▄
█████▀  ▄▄██▀▀▀▀▀▀▀▀██▄▄  ▀███████
█████  ▀▀▀              ▀▀▀  █████
███                            ███
██                              ██
██        ████      ████        ██
█        ██████    ██████        █
█         ████      ████         █
█                                █
█      ▀▄▄              ▄▄▀      █
██▄      ▀▀█▄▄▄▄▄▄▄▄▄▄█▀▀      ▄██
███▄▄      ██████████      ▄▄█████
███████▄▄▄████████████▄▄▄█████████
▀████████████████████████████████▀

   

 

oHnK
Hero Member
*****
Offline Offline

Activity: 1414
Merit: 574


View Profile
December 22, 2020, 06:33:35 PM
 #107


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
Full Member
***
Offline Offline

Activity: 532
Merit: 132



View Profile WWW
December 23, 2020, 03:29:12 AM
 #108

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
Full Member
***
Offline Offline

Activity: 1358
Merit: 100



View Profile
December 23, 2020, 09:27:43 AM
 #109

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
Copper Member
Member
**
Offline Offline

Activity: 812
Merit: 12

I ❤ ₿itcoin and Ethereum


View Profile
December 23, 2020, 02:23:35 PM
 #110

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
Sr. Member
****
Offline Offline

Activity: 2828
Merit: 344

win lambo...


View Profile
December 23, 2020, 02:24:47 PM
 #111

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
Hero Member
*****
Offline Offline

Activity: 2016
Merit: 646


#SWGT PRE-SALE IS LIVE


View Profile WWW
December 23, 2020, 05:04:32 PM
 #112

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


.SWG.io.













..Pre-Sale is LIVE at $0.15..







..Buy Now..







``█████████████████▄▄
``````▄▄▄▄▄▄▄▄▄▄▄▄████▄
````````````````````▀██▄
```▀▀▀▀``▀▀▀▀▀▀▀▀▀▀▀▄███
``````▄▄▄▄▄▄▄▄▄▄▄▄``▄███
``▄▄▄▄▄▄▄```▄▄▄▄▄``▄███
``````````````````▄██▀
```````````████████████▄
````````````````````▀▀███
`````````▀▀▀▀▀▀▀▀▀▀▀▀▄████
```▄▄▄``▄▄▄▄▄▄▄▄▄▄`````███
`▄▄▄▄▄▄▄▄▄``▄▄▄▄▄▄`````███
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀████
```````````````````▄▄████
``▀▀▀▀▀``▀▀▀▀▀▀▀▀▀█████
██``███████████████▀▀

FIRST LISTING
..CONFIRMED..






FaucetKING
Sr. Member
****
Offline Offline

Activity: 1246
Merit: 306

C U


View Profile
December 23, 2020, 05:08:56 PM
 #113

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
Full Member
***
Offline Offline

Activity: 622
Merit: 108



View Profile
December 23, 2020, 05:24:53 PM
 #114

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
Member
**
Offline Offline

Activity: 573
Merit: 30


View Profile
December 23, 2020, 07:25:20 PM
 #115

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
Legendary
*
Offline Offline

Activity: 2296
Merit: 1066


Leading Crypto Sports Betting & Casino Platform


View Profile
December 23, 2020, 07:28:43 PM
 #116

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.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
carlfebz2
Hero Member
*****
Offline Offline

Activity: 2982
Merit: 730


casinosblockchain.io


View Profile
December 23, 2020, 07:29:05 PM
 #117

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
Copper Member
Hero Member
*****
Offline Offline

Activity: 2968
Merit: 574


www.Crypto.Games: Multiple coins, multiple games


View Profile
December 23, 2020, 07:50:22 PM
 #118

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.

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
FaucetKING
Sr. Member
****
Offline Offline

Activity: 1246
Merit: 306

C U


View Profile
December 25, 2020, 05:25:26 PM
 #119

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
Member
**
Offline Offline

Activity: 938
Merit: 13

AMEPAY


View Profile
December 25, 2020, 05:27:04 PM
 #120

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.

Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!