Taking loan to trade is a risky task

[justdimin]

Not just risky though, it's also stupid because you're not winning when you take a loan, you don't get that big of a profit and at the same time you're going to pay back much bigger debt since most loans have huge interests in them.

Depends on where you live. In USA, UK, Germany the loan rates are quite low, USA depends on your credit rating of course, in some nations everyone gets the same loan rate whereas in some nations it depends on your credit rating, a great business person that took millions of dollars worth of loan and repaid it back in full every time would get a lot better rate versus someone that is taking their first ever loan.

However, we should be focusing on the fact that those nations have very low rate for interest, and getting bitcoin with it could be beneficial, not guaranteed method of making money and that is why you should not risk your income, but it is definitely not as risky as doing it in Mexico or Greece.

[1715038688]

1715038688

[Issa56]

Some people will say is not really bad if you borrow money to buy bitcoin in particular but not altcoins, but I don't still believe that I won't advise anybody to borrow money to invest in both bitcoin and altcoins.
If you are taking a loan their will always be a payback time and most loan their is always a interest, let me talk about people that always support taking loan to invest in bitcoin, what if after taking a loan and buying bitcoin and its start dumping and the pay time reach but bitcoin price is still below the amount you bought it what are you going to do and how are you going to pay back, so I believe taking loan should be the last thing you should do when it comes to cryptocurrency.

[Issa56]

Some people will say is not really bad if you borrow money to buy bitcoin in particular but not altcoins, but I don't still believe that I won't advise anybody to borrow money to invest in both bitcoin and altcoins.
If you are taking a loan their will always be a payback time and most loan their is always a interest, let me talk about people that always support taking loan to invest in bitcoin, what if after taking a loan and buying bitcoin and its start dumping and the pay time reach but bitcoin price is still below the amount you bought it what are you going to do and how are you going to pay back, so I believe taking loan should be the last thing you should do when it comes to cryptocurrency.

[Mahanton]

Not just risky though, it's also stupid because you're not winning when you take a loan, you don't get that big of a profit and at the same time you're going to pay back much bigger debt since most loans have huge interests in them.

Depends on where you live. In USA, UK, Germany the loan rates are quite low, USA depends on your credit rating of course, in some nations everyone gets the same loan rate whereas in some nations it depends on your credit rating, a great business person that took millions of dollars worth of loan and repaid it back in full every time would get a lot better rate versus someone that is taking their first ever loan.

However, we should be focusing on the fact that those nations have very low rate for interest, and getting bitcoin with it could be beneficial, not guaranteed method of making money and that is why you should not risk your income, but it is definitely not as risky as doing it in Mexico or Greece.

Interest is always considered as a interest and now matter how low it is then you do still need to pay up on particular due date which it is just really that not ideal on making out something if it wasnt really needed at all.
Taking up some loan for the sake of trading is really a serious and risky task or thing to take.This isnt something that you could just ignore the probabilities on losing those loaned money in trading which means
it would be double trouble for you to need to pay the loan at the same time you had lost up money all of those capital but if you do know on what you are doing then go ahead.

[livingfree]

Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.

Trading is risky.

So loaning does and more.

You don't trade because there's someone that will loan you money that you can trade for. It's not just right and you're even putting yourself in a riskier situation if you lose that loaned money.

[Evgenklm]

A close friend of mine took out a loan to trade cryptocurrencies and of course brought the entire deposit closer to zero.It was more than a year ago, he still pays off the loan, and his cryptocurrency has not grown so far...this is a very risky activity.

[john_nautica]

Of course it is not really advisable to borrow money for you to have investment since it is not guaranteed that you will having a profit if you invest on yourself. Same as the margin trading before borrowing money in margin trading you should also consider that you will lose your money and still need to return the borrowed money you borrow from the lender so don't take a double risk just to trader or invest.

Invest only when you have the money and if you can afford to lose that investment.

[Farma]

Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.

Trading is risky.

So loaning does and more.

You don't trade because there's someone that will loan you money that you can trade for. It's not just right and you're even putting yourself in a riskier situation if you lose that loaned money.

Besides, if you're not in a desperate situation, it's best to use the money you earn from your job to trade. it is more worth than borrowing money to enter the world of trading. Moreover, it is very true that borrowing money and then trading will only put you in a very risky situation. think back on the steps you will take before doing that.

[Victorycoin]

Absolutely borrowing money for investment is nothing but your own loss there is no guarantee that you will benefit from this market all the time you invest with your own money even if the market goes down, there will be no reason to worry because after waiting for some time it will start rising again. If you do not repay the loan on time the amount will increase workplace spending needs to be monitored once the money is provided, it can be spent.

[livingfree]

Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.

Trading is risky.

So loaning does and more.

You don't trade because there's someone that will loan you money that you can trade for. It's not just right and you're even putting yourself in a riskier situation if you lose that loaned money.

Besides, if you're not in a desperate situation, it's best to use the money you earn from your job to trade. it is more worth than borrowing money to enter the world of trading. Moreover, it is very true that borrowing money and then trading will only put you in a very risky situation. think back on the steps you will take before doing that.

Yes.

If you're in good situation, you don't actually to borrow any amount from anyone just to keep what you've started in trading. It's always in good feeling when it's your money being used.

No blame if you win or lose.

[carlfebz2]

The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed,  in a case whereby the person do not have good source of income.

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.

This reminds me of a friend of mine that borrowed money from me to trade last year. He so much believes in his capabilities of trading. Forgetting that someday you'll lose and win some(can't be perfect in all). It happens that day he borrowed money from me, he traded wrongly and he loss drastically. Up till this very moment, he's unable to pay me back all because his hopes was shattered.

You would really be having a hard time or chances on repaying back those loans if you dont have any sources for you to make money but rather depending on what you are currently dealing with crypto or something related to trading.

Taking a loan is never been suggested nor an ideal thing to be done because once you do commit out mistakes then it would surely doubled out the problem which basically means
taking loan does have corresponding risk which you should be aware of.

[virasog]

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.

The thing which makes it sounds greater is sometimes there several individuals who thought they are pro trader already just after making some profits in short terms, then encouraging themselves to bear the risk take a loan for trading in order to gain more profits.

If the so called 'Pro Traders' got profit in trading, they could use that money and the profit to do further trades. I do not understand why they are so greedy and have over-confidence that all of their trade will go in their favor. For me, i wouldn't take a loan to trade even if i know that i could make 2x with my trading setup.

[LUCKMCFLY]

Although currently lending money to trade is something crazy, I have seen that there are many ways in which through the coins or tokens that are launched both in pre-sale and playing, something profitable is made, when compared to normal trading and the NFT game , I see that there is more probability of profit, and the easiest way that I have discovered is by entering the pre-salts, then selling the tokens or coins in the public sale. It is already the decision of the trader if he wants to continue trading waiting for the highest dip and repurchasing, other types of strategies already enter there.

Joining pre sale is not worth if you try take loan and pay later when coin listing on the market, many time pre sale not have good roadmap about when coin listing and which one exchange become their decision for listing coin. I think too risk if take loan and use for buying coin on pre sale. Maybe you true with 100% above getting profit when participant on pre sale coin, but right now many bad team and fake coin make pre sale without responsibility for listing coin after their pre sale success sold out.

Yes, of course, what happens is that many NFT games are currently coming out where the business is to enter pre-sales and sell in public sale, for this of course you have to do a good research, in fact there are many telegram channels that are dedicated to the analysis of projects of this style where they make a great analysis of their whitepaper, and take into account other points, on YouTube as I have been quite interested in this type of topic, there are some who have a lot of knowledge and make their community known through From Discord, I particularly like to say these things because those who can do this activity and know how to do it can make a lot of money.

[seleme]

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.

The thing which makes it sounds greater is sometimes there several individuals who thought they are pro trader already just after making some profits in short terms, then encouraging themselves to bear the risk take a loan for trading in order to gain more profits.

If the so called 'Pro Traders' got profit in trading, they could use that money and the profit to do further trades. I do not understand why they are so greedy and have over-confidence that all of their trade will go in their favor. For me, i wouldn't take a loan to trade even if i know that i could make 2x with my trading setup.

Pro traders believe in numbers and statistics show they can achieve an 8% average profit per month. Of course, this doesn't mean let's go take a loan and make a fortune because of psychological and sentimental factors. Who guarantees market circumstances and patterns will not change after you open a new trade position? We all know the answer and gambling is a lot safer than taking a loan for leveraged trading, IMHO.
The market can go crazy in an hour to the wrong side from your perspective but the losses will be a huge pain for you since you keep losing other people's money. Taking loan is the worst thing if you keep losing on trading.

[matchi2011]

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.

The thing which makes it sounds greater is sometimes there several individuals who thought they are pro trader already just after making some profits in short terms, then encouraging themselves to bear the risk take a loan for trading in order to gain more profits.

If the so called 'Pro Traders' got profit in trading, they could use that money and the profit to do further trades. I do not understand why they are so greedy and have over-confidence that all of their trade will go in their favor. For me, i wouldn't take a loan to trade even if i know that i could make 2x with my trading setup.

Pro traders believe in numbers and statistics show they can achieve an 8% average profit per month. Of course, this doesn't mean let's go take a loan and make a fortune because of psychological and sentimental factors. Who guarantees market circumstances and patterns will not change after you open a new trade position? We all know the answer and gambling is a lot safer than taking a loan for leveraged trading, IMHO.

No one can exactly predict what are the potential market movements, all just relied on charts
and fundamentals, but those data can be change and if you take your loan and the timing is not
good for your position, it will be very difficult for you to cover the payment. Risk is high, but if
you trust your judgement and you are willing to proceed, there's no one who can stop you.
It's your money to decide after taking that loan.

[Alisha-k]

A friend once took a loan to trade, at the 1st trade, the money doubled and he was able to clear his debt and on time...

He started trading with what he had left and before long, it reduced to almost nothing, he wasn't enjoying the trade any longer since the fund was really low.
He had to run off to borrowing again and in less than 2days, he lost everything.
My sincere advice, trading is not usually 100% sure, if you're going to trade, do not do so with all your funds except the chances of making profit is really obvious and high.
Borrowing may sometimes be the only option but most times not the best, personal fund is best

[Jawadu]

I agree with you! It's not right to borrow money for trading because trading is very risky though it has a profit too when it will be done correctly and at the right time. It's better to start slowly even with $50 then grow it day by day with a small profit rather than wanting to start with a lot but from a loan!

[Lordhermes]

I agree with you! It's not right to borrow money for trading because trading is very risky though it has a profit too when it will be done correctly and at the right time. It's better to start slowly even with $50 then grow it day by day with a small profit rather than wanting to start with a lot but from a loan!

It is good to get loan and trade in some kind of way,what if a genuine chance of making profit comes,and you have no little amount of money with you,and the only chance of you making the money is by borrowing,will you want to miss that chance?You see why I said it can be good sometimes.
You can Borrow money and use it wisely and make multiple profit out of the money you borrowed,and probably become rich from it.
Borrowing money is one of the ways one can start up a business,because there may be chances of you making the money back and even doubling it.

[Kittygalore]

Not just risky but also really crazy because loans have some form of interest and it's not really in your best interest if you use it to fund your trading because trading is a difficult work and you can't guarantee that you're going to win all your trades and there are statistics that supports how trading has more losers than winners so loans aren't advisable as a meams to fund your trading journey.

[john_nautica]

Borrowing money is not good at any time or any platform you are even in trading, gambling and of course investment. If you are going to take a loan make sure that you will going to return it and if you are going to take a loan and invest it, there's a high chance that you will not going to return back or pay back your loan.

If you are newbie you can start exploring or try to make a profit even if your starting money is small.