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ameliana
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February 01, 2021, 07:02:12 AM |
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Making loans with the aim of getting a profit after investing in the crytoqurrency industry is very risky, as we know that the market situation is uncertain and crypto prices are very volatile I mean the price of a coin cannot be used as a benchmark because it can change at any time. My advice is not to do that, if you cannot bear the consequences and are not prepared to take the risk.
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Twinkledoe
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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February 01, 2021, 08:36:06 AM |
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Making loans with the aim of getting a profit after investing in the crytoqurrency industry is very risky, as we know that the market situation is uncertain and crypto prices are very volatile I mean the price of a coin cannot be used as a benchmark because it can change at any time. My advice is not to do that, if you cannot bear the consequences and are not prepared to take the risk.
I won't suggest to take a loan when it comes to crypto investments. As crypto is a very volatile investment, it is a very risky one. What will happen if you can't get the profit that you want and instead lose the money? How can you pay your loan? It is always better to invest what you can afford to lose when it comes to crypto. Don't borrow from someone else and promise to return the money. |
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Coinsfera
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Activity: 238
Merit: 1
Buy Bitcoin in Dubai | Buy Bitcoin in Istanbul
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February 01, 2021, 08:42:45 AM |
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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? You know that if your crypto will not do well then you will lose. On the other hand, if your crypto does a better job and double, then you will have the amount you borrow and the same amount of profit. But as you know cryptos are volatile and you have to research and be lucky to make a profit. Do not forget that you have to risk the amount you can afford. |
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LostConfidence243
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Activity: 129
Merit: 10
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February 19, 2021, 11:17:43 AM |
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To me, it seems like madness because Predicting the crypto market is almost impossible. Now the question is will you invest in a loan because you do not have enough money And imagine what would happen to you if you lost this money in any way. On the one hand, the pain of losing money and on the other hand the debt and interest will continue to increase day by day. so don't be crazy.
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ukw
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February 19, 2021, 01:15:19 PM |
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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? In any case, it is not good to spend money that you do not have. Whether you invest them in a crypto or something else. It is always good to invest as much as you can afford to lose. With the high volatility of the crypto market and if you are new to this field, the chances of investing in the wrong coin are very high. |
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PerfectCircle
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Activity: 252
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February 19, 2021, 01:20:21 PM |
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I think loan is a bad idea I've seen two different type of people who died or let me say they commit suicide because they took loan and couldn't pay back in time, they have no choice than to take their own life, loan is bad for poor people but a good choice for rich people because they can afford to pay back even if things go bad
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dimonstration
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February 19, 2021, 01:23:34 PM |
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Making loans with the aim of getting a profit after investing in the crytoqurrency industry is very risky, as we know that the market situation is uncertain and crypto prices are very volatile I mean the price of a coin cannot be used as a benchmark because it can change at any time. My advice is not to do that, if you cannot bear the consequences and are not prepared to take the risk.
It is better to have a sideline or job and use that to start in investing or trading, however if we believe in ourselves and know that we will be able to really learn and earn and will not give until succeed the risk can be worth taking provided we already have the knowledge on how trading or investing really works and how we study to invest in it. |
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Marble777
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February 19, 2021, 01:26:05 PM |
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not. I have a principle not to borrow money from banks, local, private companies etc. because I think investing in crypto has a high risk. and everytime I invest in any coin it is the result of selling gift tokens and I use that money for life necessities and also try my luck by investing in other coins. in essence not using personal money.
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ReliabilityAlert222
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Activity: 145
Merit: 10
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February 24, 2021, 06:02:37 PM |
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Every trading is based on investment, which can make a profit. But sometimes many investors haven't any wealth for investing. It could be to any type of trade. But I'm talking now about a loan when an investor takes a loan amount from a bank for investing in the crypto market. If anyone doesn't have a huge amount or less amount of money to invest then it should be legit and necessary to take a loan. I always prefer a loan issue for investing in the crypto market.
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Jackl87
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February 24, 2021, 06:10:26 PM |
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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?
My personal opionion: Never ever take a loan to invest in crypto or to invest in anything except it's hour own house or flat or something but for crypto or stocks never take a loan. Especially cryptos fluctuate so much that a 90% loss of your invest isn't that unlikely at all and then you have to pay your loan with interest too. I am a very conservative investor i only invest like 5% of my freely available Fiat into crypto, so maybe i am too extreme on the other end. But never take a loan. |
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pinggoki
Sr. Member
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★Bitvest.io★ Play Plinko or Invest!
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February 24, 2021, 06:15:46 PM |
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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 honestly encourage people not to take loans just to invest in crypto because crypto is a risky way of earning money and guys don't be hype about what you are seeing on Twitter about famous people who are buying cryptocurrency and they are having a profit. If you want to invest in cryptocurrency, I suggest that the money you should invest is that money you afford to lose because the cryptocurrency has big volatility especially bitcoin so to stop having a big loss then you should just risk the money you afford to lose right away. |
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Golftech
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February 24, 2021, 07:44:39 PM |
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not. I have a principle not to borrow money from banks, local, private companies etc. because I think investing in crypto has a high risk. and everytime I invest in any coin it is the result of selling gift tokens and I use that money for life necessities and also try my luck by investing in other coins. in essence not using personal money.
If you can manage to use your personal savings and allow it to grow instead of taking loans, it's much better since the outcome may help you to bring more to your money, if you able to find good projects that gives decent profits, you can continue adding those earnings to your initial capital and continue rinsing from time to time,. |
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Henrobakkara
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February 24, 2021, 08:26:10 PM |
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it is too risky to borrow money just to buy bitcoin because we all know bitcoin has no stable value and can dump at any time so you haven't had time to sell it, it would be better to invest in crypto using free money
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Bitcoinislife09
Full Member
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Activity: 1028
Merit: 144
Diamond Hands 💎HODL
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February 24, 2021, 08:52:37 PM |
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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 think about that a long time ago when most of the altcoins are pumping in the market I consider taking a loan to invest in cryptocurrency. Because my investment was just skyrocketing and I think already around 300x-400x in just 2months so I see a lot of opportunity in investing in other coins because I see like BNB which increase its price really high and I just don't have enough money to invest because everything is already invested in the different altcoins. It would work great actually if you know someone where you could loan that just have low interest and if you are really lucky you could easily make a profit in that and even triple the amount that you loan. Still, it's your decision if you want to loan from the bank but you should know the risk of investing in cryptocurrency it could easily go wrong so you should have a backup plan unless your crypto investment does not work well. |
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sgenuine
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February 24, 2021, 08:55:52 PM |
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Loans are a big responsibility. You must be sure that the project will win in which you plan to invest 200% of the credit funds. I think very adventurous people take such a risk. Where is the guarantee that the profit will cover the entire loan amount and interest charges? I would not consider this option.  |
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mekar sari
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February 24, 2021, 09:03:28 PM |
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I think it's too bad if we want to invest in crypto using borrowed money because the crypto market is difficult to guess at any time it can go up or down
I invest in crypto using extra money that is not needed for everyday life because when investment has decreased, my remain calm and do not panic sell
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leatutz
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February 24, 2021, 09:08:22 PM
Last edit: February 24, 2021, 09:46:06 PM by leatutz |
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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? As cryptocurrency market situation, loan investment will be profitable. But same advice don't jump on any single altcoins. Bank loan means included highly interested on your money, so should be more aware about it. personally I don't suggest anyone to invest in cryptocurrency by this interest process. |
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krisnajsadrak
Sr. Member
Offline
Activity: 1092
Merit: 250
Hodlers Network
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February 24, 2021, 09:24:41 PM |
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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 never doing that, its too risky because there is no guarantee if we will always make a profit in cryptocurrency market my friend i hope all members in this forum will not doing that |
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dunfida
Legendary
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Activity: 3080
Merit: 1129
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February 24, 2021, 09:25:57 PM |
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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? As cryptocurrency market situation, loan investment will be profitable. But same advice don't jump on any single altcoins. Bank loan means included highly interested on your money Not only high interest rates but also loan duration or repayment isnt really that long for you to rely on into your crypto investment.Even if you do just focus on Bitcoin alone but still this one wont really be making guarantee that you can make money even the market shows bullish movement but you wouldnt know on when it would really be making some u-turn. Taking up some loan is indeed risky and it is much better if you do look for some other alternative before going into this decision. |
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matjas
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February 25, 2021, 09:38:24 AM |
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Just form the fact that you are asking this in forum the answer is hard NO. Do u take a loan when you go to casino? That is a recepie for a disaster.
There is a huge problem with financial iliteracy which in best case leads to depresion. Please people, educate yourselfs before investing anywhere.
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