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

[AssociatesBumble579]

That can't be a good idea. It really sounds bad. If you do that, I think you are purring yourself into big trouble. Because the rate of cryptocurrency is not stable. The rate can be reduced at any time and you can be financially damaged. So, don't make a loan just to invest in crypto because crypto is very risky.

[iTradeChips]

Well a calculated risk is what you need at the last minute. But if there are other means to get the funds you need for investing in cryptocurrencies than applying for a loan then you will be on a good spot. Because if you were not able to make it work and you lose your investment then you will be at the bad side of the bargain. Just do everything you can to ensure that you can get the money outside of loans. Maybe have an easy job, or something that you can do in your spare time that could bring the needed cash.

[JeotQ]

Don't, I have a friend that help people to buy coins and send it to their wallets, few of these people are the ones that even choose the coins they want to hold but for that fact that he is the one that helped them to buy the coins they hold him responsible after the coin crashed hard, that is an example of even helping people out but loans? If anything bad happens you don't just lost your own money but others which you will have to pay for in another way possible

[EddyRobins]

I agree that its a bad decision but I can see the attractiveness with the market as it has been for the last year.

Also interest rates are at an extremely attractive low rate (at least they are in the UK).

So lets say you borrowed around £7000  6 months ago and bought 1BTC.
That BTC is now worth around £26000 -
Sell now and pay off the loan and interest (around £250) and you've still made nearly £19000 profit.

For some people they will look at that and say getting a loan is worth the risk. The mistake of course is over-optimism that the price will keep going up in the next 6 months in the way it has for the last 6 months.

[itachi gunasekara]

Don't ever do that. One of the worst decision you can make in one cryptoworld. What will you do if you lose that money. I think you need patience.

[NextDoor125]

I will discuss both the pros and cons of investing in Bitcoin with a loan.
Pros: If we find that the loan interest is very low, but the chances of earning income by investing in Bitcoin are high then we can invest with a loan. On the other hand, if I don't have money at the moment, I invest with a loan, I can repay the loan by working every month, then I can invest in Bitcoin with the loan. Then at the end of the loan, you can see that bcz debt is a very bad thing in crypto!!

[Kong Hey Pakboy]

I don't think it is a good idea to make a loan to invest in cryptocurrency because there is no guarantee you can payback in your loan in time due to risk. Even if you see that some people have earned a considerable profit in buying cryptocurrency, don't expect you will have the same experience in your first purchase.

[max6575]

some investment project gives with reference as they draws of low to higher returns in proposals.that work with tasks of evaluation helps on investors to decide what to put on plan as the appeals with risks and resource on possession.

[Ratash]

I would avoid to make a loan on a non secure investment as crypto because you may be able to find yourselve in debts but i think there is an exception when bitcoin is at a low price like when the price was at 6k before this last bullrun or an investment in a major altcoin like eth.

[Chainsmokers]

I certainly wouldn't do that take out a loan only to invest in crypto too big a risk In my opinion because investing in crypto, movement is difficult to guess up and down so fast what more if investing in coins has decreased to be able to go back up takes a very long time

[Ziskinberg]

Borrowing loan to bank is not good because you need to pay interest and it is not good because you do not know when you will get a profit or maybe the money you use is lost so it's good  to use money from your own or to extra money because you don't have responsibility once it lost. I suggest do not invest to the crypto if it's a borrow loan because it is risky for you.

Investing alone is too risky, but if you like to play the game, you can always do.

Borrowing in the bank if they can give you at a maximum of 1% interest per month, I think you'll be able to become profitable if year is bullish for bitcoin.
We can use last year as an example, the price of bitcoin last Jan. 2020 was around $8k, and it's price on December 31 hit at $28k.. that means you make over 200% in profit by just holding while you only have to pay 12% interest of your money in one year.

[Review Master]

i think there is an exception when bitcoin is at a low price like when the price was at 6k before this last bullrun or an investment in a major altcoin like eth.

Maybe, but none knows when bull run will be happened or can be a good speculator to overcame any unwanted bearish movement/rally. If anyone can be able to have other sources of income to pay monthly interest, it might be a good choice for longrun when bearish movement is going to end and bullish trend is fueling up. TBH, it won't work for all alts as many of us are assuming that alt season will be happened asap. But, lets see what happen next.

[Novatech8]

Loans aren't for the poor, it's a perfect helping hand for those who are half rich, for those who have enough collaterals to pay loans back if things go wrong, loan is never for the poor because it will take a heavy hit on them or probably taking their live away forever, you gotta be careful around loans

[Novatech8]

It's more easier to lose money in crypto space, if loan is a must for you or the only choice you have left use it for businesses offline not crypto investment, you will end up losing the money one way or the other, most especially if you are still new to crypto and you don't know how to manage risks

[MCobian]

I think people who borrow money as investment capital in crypto are greedy people. Because it is better if investing in crypto is enough with
the extra money we have, don't because our trading skills are good and then greedy want to get bigger profits using borrowed money. This is
an action that must be avoided, because it is very risky.

I say this based on my experience when trading in 2017, I used loan money from a bank. Finally in 2018 I had to sell my coins, even though when
I sold the coins the price of the coins was down. Because I needed money to pay debt installments. Because crypto prices are very volatile, it is very
risky if we use borrowed money as investment capital. Even though it's small, it's better to use extra money in accordance with our respective abilities.

[carrie_white]

nope, that's a bad idea, I think investing is made if you are in good financial shape, or you do have some savings to spare. but if you don't have it, and instead make a loan, you are committing suicide

[carlisle1]

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.

I may come across but never pay attention so maybe i am  not that familiar on that matter and even if i do ? nope will ot take time on that stupid idea.

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?

NO , NOT, NEVER , those who have tried these stupid idea ae surely newbie in terms of crypto who wanted to explore more but in the end ? they lose everything they wanted to earn .

If you have no funds ?then Invest Skills and knowledge and not something that we borrowed from anywhere.

[Dr.Osh]

It's more easier to lose money in crypto space, if loan is a must for you or the only choice you have left use it for businesses offline not crypto investment, you will end up losing the money one way or the other, most especially if you are still new to crypto and you don't know how to manage risks

yes, it's too risky. That's pretty good if you look at the certainty in that, but if you're looking to borrow a large amount, you'd better think again. in the crypto world everything is still 50:50. it's the same as doing business in the real world, only it's more prone to scam even more so if you don't know the project you support. better use your own money with any funds you can afford for it.

[Cornia]

I do not like to invest in cryptocurrency with a loan. And in the current market condition, I think it would not be right to invent with a loan. Crypto market is now highly volatile. The market could go down at any time. It is better to invest your money as much as possible but not from a loan. At least there will be no tension to repay the loan.

[coin-investor]

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?

Have not done it, but if the loan is a long term loan with only 3% annual why not, it depends on the situation, if we are on a bull run and all the top coins in the market are being pumped why not, I can make a profit in 3 months, then take out the capital loan with the interest and just play with the profit I've got from the loan, it's too risky to take a loan to invest in a volatile market but if you can read the market chart and you can deal with the loan with collateral why not, this is a calculated risk but if you know how to profit you are good to go.