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

[livingfree]

I think that is a very big NO and very bad idea if you wanted to invest in cryptocurrency keep in mind that you should invest what you can afford to lose knowing that there is a high risk when dealing with cryptos.

It is a short no.

Someone who invests in crypto and using not his own money, he's just making himself into trouble. Investing in crypto is profitable but it takes time and is a wise choice.

Not every borrower has that wise choice so they're likely to end up in debt and losses.

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[gurunanakji777]

I won't and Honestly speaking even I will not advise anyone to take a loan to invest in the crypto market because it's highly volatile even your investment can be reduced to half in just one day. So one should invest only when one has extra funds for the investment on the contrary one can earn huge profit also but we all know it's a highly volatile market and one should always calculate the risk before investing.

[Jilapikhamu]

No never crypto highly risk market than  others, its to risky

[Anguwa]

Taking loan to invest in crypto is very risk, though even using personal money to invest in any business is risk talk less of crypto. Loan money in crypto investment will never give a mind set in market fluctuation and dump of bitcoin it is advisable not invest the amount more than what you can't afford to loose, so taking loan to invest in crypto is a bad idea so it's not advisable, because of the higher risk involved.

[martina14]

Well, based on my knowledge here in the forum there is a thread section here who borrow money to all members here at least Full member and up with a collateral requirements of course. But, to be honest this methods is not a good idea, believe me everything will be turn into nothing especially if your not knowledgeable here in the cryptocurrency.

[CoinFoxs]

I think that is a very big NO and very bad idea if you wanted to invest in cryptocurrency keep in mind that you should invest what you can afford to lose knowing that there is a high risk when dealing with cryptos.

It is a short no.

Someone who invests in crypto and using not his own money, he's just making himself into trouble. Investing in crypto is profitable but it takes time and is a wise choice.

Not every borrower has that wise choice so they're likely to end up in debt and losses.

Totally agree with you, only invest your spare amounts so when price drop you will wait for the next pump or wait till price become stable. If you take loan then you have to pay back the amount in shorter period of time so if price drops you can face a loss because you have to pay back your loan! So don’t take loans to invest in crypto as their is fluctuation in altcoin’s price!

[tsaroz]

It may seem promising for a while and you calculate your income and how quickly and effectively you could pay off that loan. But the market doesn't always goes your way.  No platform is going to be 100% secure. Yes there are some platform that provides 12% on stable coin, that could be larger than your bank interest but you can not trust all your money with them. And they also comes with conditions and the rate could change anytime. Even stable coins and established coins comes with a risk.

[dhemasm]

It is a short no.

Someone who invests in crypto and using not his own money, he's just making himself into trouble. Investing in crypto is profitable but it takes time and is a wise choice.

Not every borrower has that wise choice so they're likely to end up in debt and losses.

Yeah, Just make sure to invest on any kind of investment options with your extra money only that you can afford to lose, You can't predict accurately what will happens in the future so never take any loan any kind of any investment or trading, I have some friends that ended having big debt and strugle to repay it since he suffering some loss.

[AhmadM]

Someone who invests in crypto and using not his own money, he's just making himself into trouble. Investing in crypto is profitable but it takes time and is a wise choice.

Couldn't agree more, invest in crypto with borrowed funds is something like people tries to dig their own grave. Nothing good would come from it, they merely invite troubles to fulfill their life. Crypto market so fluctuates, theres no guarantee that the ROI would be satisfying later.

Not every borrower has that wise choice so they're likely to end up in debt and losses.

Highly likely those people who did it are newcomers who followed the hype and FOMOed by social medias influencers.

[Luqman]

What do you think of taking loan(s) to invest in crypto? Have any of you done this already?

Don't do it!!! You will get difficulties or even problems when you use loan money to invest in crypto coins. Always remember to use your extra money or the money you can afford to lose. Investing in crypto doesn't have the guarantee to be successful. It is true many people earning millions of dollars from crypto, but in reality many people also got huge losses as well. I personally never borrowed money to buy crypto coins, even I never think to try it. I have learned the risks of crypto investments, too risky if we want to try the idea of using loan/borrowed money. Just look at how significant the volatility or the price changes of crypto coins. It will be scary if we buy at the wrong time with borrowed money.

[Silver80]

What do you think of taking loan(s) to invest in crypto? Have any of you done this already?

Don't do it!!! You will get difficulties or even problems when you use loan money to invest in crypto coins. Always remember to use your extra money or the money you can afford to lose. Investing in crypto doesn't have the guarantee to be successful. It is true many people earning millions of dollars from crypto, but in reality many people also got huge losses as well. I personally never borrowed money to buy crypto coins, even I never think to try it. I have learned the risks of crypto investments, too risky if we want to try the idea of using loan/borrowed money. Just look at how significant the volatility or the price changes of crypto coins. It will be scary if we buy at the wrong time with borrowed money.

I love you full you have a statement, you are smart and intelligent so you don't make people misstep, even though there is no work that produces in a short time (shamans just look for money by doubling money still taking payments), some even make information, cryptocurrencies, stocks  have a high risk, be smart and careful in using your money, because you will be tempted by instant wealth, if you profit by borrowing, if you lose the guarantee for the loan is lost.

[Gayong88]

It is always advisable to start investing in the money market using cold money when viewed from the advice of people who are already proficient at investing, even though many platforms provide this feature. In my view, invest as much as you can, and don't force it, the profit will eventually fail, meaning this is to minimize risk and be calm if corrections occur at any time.

[Levero]

The volatility and risk of the crypto market are great.

Trade and invest within the range of funds you can afford. Don't loan funds to trade. This is a very risky behavior and may eventually lead to unbearable economic losses.

[evichi]

It is not advisable to take loan to invest in crypto. A proper and healthy investment requires that you take a percentage of your assets that you can afford to loose for investment. Taking a loan only makes sense in situations where there are predictable outcomes or results such as salary earners, etc. The high volatility of Bitcoin implies that the risk is already high even as you are using your own funds not to talk of taking loan - money that is not your own. Why put your health at risk and that of your dependents at such avoidable risk? Unless the person already have plan B, should the investment fail. While the twitter story looks exciting but we must not forget that it is actually a narrow escape and generally not a healthy way to invest in crypto.

[the ghabbar]

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 it's very ridiculous what these people are doing, lending money in a bank to invest in cryptocurrency, they don't know the effect of borrowing money, if the investment made in crypto is problematic, it's really not the right move. Investing is an activity carried out with very careful consideration, by studying several levels of risk that will be accepted, which in the end the investment is seeking the maximum profit, if the decision to invest and take money in the bank, then you will receive two problems simultaneously, so think before doing any of that.

[Farma]

It may seem promising for a while and you calculate your income and how quickly and effectively you could pay off that loan. But the market doesn't always goes your way.  No platform is going to be 100% secure. Yes there are some platform that provides 12% on stable coin, that could be larger than your bank interest but you can not trust all your money with them. And they also comes with conditions and the rate could change anytime. Even stable coins and established coins comes with a risk.

Recently, many play to earn games like the popular Axie Infinite, and the game is quite popular. I joined one of their telegram channels, and some of them are willing to borrow money to play the game because the ROI looks very fast. however, due to unstable market movements, as well as game development that is still in beta, the game's rules have changed slightly and have dumped the price. it of course creates problems for people who borrow money from other places. however, it would be great if he had other ways to pay off the debt, but it would take a long time if he was only hoping to earn from the game's investment.
So, think carefully before borrowing money. the risk is commensurate with the benefits that can be obtained.

[midaslordes]

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?

It is a very bad choice for you if you will loan and invest in to crypto because dealing with cryptocurrencies have a very high risk. I suggest that you just invest what you have and can only afford to lose.

[smyslov]

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?

It's crazy and I would not even recommend this to relatives and friends the word of wisdom only invest what you can afford to lose, applies all the time in any market, there's no guaranty that you can make a profit, the market unexpectedly goes up and down with one news, the short or longterm loan should not be recommended to anyone who wants to invest.

[Cryptosimar]

the most noticeably terrible misstep anybody can make Is make credit to purchase digital forms of money. each credit has financing cost, time to pay advance and assurance that the individual should provide for (promise some resource) and the benefits of the cryptographic forms of money are not ensured and may bring about misfortunes and the individual can be captured relying upon where he made the advance. I don't see the benefit of somebody setting out on this sort of experience

[jack wira]

It's a pity if you have to borrow money from a bank or the like, just to invest in the crypto world is very illogical, bro.  The first reason is, if we don't have big capital outside of crypto, it will be very difficult to pay bills every month, not to mention the interest.
 The second reason, in the crypto world, no one can guarantee that the crypto that we invest will end well, because the price of the coin will not always increase, even on the contrary at any time it can also decrease in price, so it will make us lose, bro.
 So my advice is to stop borrowing money if you only invest in crypto.