Taking loan to trade is a risky task

[finaleshot2016]

I'm telling you, taking a loan and then investing with it is a HUGE MISTAKE!

I don't like how it works, and it's evident that the danger is really high, because what if the coin in which you invested goes downhill and it takes a long time to recover? How will you pay them? As a result, we do not recommend taking out a loan merely to invest in a risky coin.

[1715490472]

1715490472

[Furious 7]

I'm telling you, taking a loan and then investing with it is a HUGE MISTAKE!

I don't like how it works, and it's evident that the danger is really high, because what if the coin in which you invested goes downhill and it takes a long time to recover? How will you pay them? As a result, we do not recommend taking out a loan merely to invest in a risky coin.

That's nothing to suggest that all investments in crypto must be cold money and there should be no loans just because you want a quick profit I say it's a big risk.

One of them is to use the money you have, meaning that it is free from your living expenses if you insist on borrowing and it will be very difficult to return it, unless you have full confidence that the capital can be returned.

[Nutrient]

Either that person is unquestionably good at trading or has a concrete reason to be sure of the profit. If one isn’t any of these two, avoid taking a loan. You cannot be 100% sure of the outcome of a trade if you don’t fall under the above mentioned category. Taking a loan to trade isn’t just risky but it puts the trader under pressure which is even bad for trading!

[IamWealth]

To avoid putting yourself under pressure, avoid taking a loan to trade. Except you are a badass trader or you got privileged info on the profit from an insider, don’t trade. The risk that people usually talk about isn’t far fetched. They are people’s experiences.

[osasshem]

The worst action one can ever take is to borrow or take a loan for trading. It is not a good idea at all. Anything can happen in the market, where things can go wrong, truly we will have to be positive at heart, but let the truth be said. If the capital is gone, e everything comes back to point zero, and at that time the heart is troubled and when one can't payback, then the law will have to come in and take it's place. It is advisable that you invest what you can afford to lose, not what you can't afford to payback.
Except, you are very good with the market analysis, and have gotten lots of experience over the years, and even at that good traders still makes losses too. So one has to take reasonable risks.

[imran101]

Borrowing trading carries a lot of risks. Here you are more likely to lose instead of gain. I will tell you not to borrow and trade. Most of the time, since there is a possibility of launch, it is better not to trade by borrowing.

[bamb]

Loan that is aquired for a specific investment in Cryptocurrency,  for example defi,  can not be said to be dangerous.  Borrowing in to stable coin which is used to farm other coin or staked for interest without exposure into losing the value of such borrowing is calculated borrowing that should give profit!  Borrowing on speculations however can dig a hole in your pocket!

[Xampeuu]

Trading is risky all the time. Because you can get profit through trading and you can also lose money. And if that money of trading is borrowed, then it is more risky. Because even if you have a loss in trading, you still have to repay your loan. Then it will become much difficult for you. So trading should always be done with extra money so that even if you lose your real life will not have any effect.

for those who do not understand trading, because they are only tempted by profits, borrowing capital for trading is very risky, but it is different for people who already understand trading, of course borrowing this money is the same as we need capital from banks for our business. and I think that's understandable

[blatchcorn]

The worst action one can ever take is to borrow or take a loan for trading. It is not a good idea at all. Anything can happen in the market, where things can go wrong, truly we will have to be positive at heart, but let the truth be said. If the capital is gone, e everything comes back to point zero, and at that time the heart is troubled and when one can't payback, then the law will have to come in and take it's place. It is advisable that you invest what you can afford to lose, not what you can't afford to payback.
Except, you are very good with the market analysis, and have gotten lots of experience over the years, and even at that good traders still makes losses too. So one has to take reasonable risks.

Banks never care for your profit nor for your loss, they only care about there money with interest and if you fail to pay them back then they take whatever you have pledged.
Not everyone is good in handling wildfire of crypto trading, even expert traders fail at times. Most importantly crypto has bear seasons also that may last for months or years. How can you return loan if your investment get struck? These are some question one need to ask himself before taking such step.