Natalim
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December 16, 2021, 10:55:37 PM |
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I wish you may think about it first before taking the loan. I suppose not to hold you if you were using it right but since it was for investment, I'm afraid that this might be a reason to struggle to pay in debts the whole life. Maybe if it was just borrowed money with ZERO interest, that seems to find but if you need to pay in terms plus interest, that gonna be a problem in the future especially when you mismanage your funds.
Honestly, I don't encourage you to do that. If you only have $500 in your pocket, then that is the only amount to spend. Don't ever force yourselves to provide beyond what you can provide, it was a suicide.
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Alert31
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Activity: 1041
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Trident Protocol | Simple «buy-hold-earn» system!
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December 16, 2021, 11:18:39 PM |
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Maybe now its a good time to invest And borrow money. Btc goes 120,000$ if you buy now you make like over 60,000$ profit. But dont buy just btc divide ur portfolio ... Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it. Pay i ng back loan and u are in profit. Next year as we all know ATH
That is not advisable because investing in crypto is very risky. If you don't know how to manage your investment it could turn into losses. If you are going to loan how can you pay back if you didn't gain profit but losses? Much better to just invest small amount of money but it came from your own pocket that you can afford to lose. Just think wisely because making any move and decision regarding making loan for your investment. Always think the possible output of it both positive and negative.
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izsara
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December 17, 2021, 04:39:22 PM |
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Cryptocurrency fluctuates greatly, and its price is unpredictable. Borrowing money for investment is not recommended because it has higher risks. So invest within the scope of your own funds, otherwise it will increase a certain burden.
It's true borrowing money to invest in crypto is certainly not the right choice, The big risk of crypto I think is a strong consideration for everyone not to do that, but sometimes to make a profit you need to take a risk I would say that there are risks and there are silly moves and you should not compare the two. If you are taking out a loan and you think you can pay it back without a problem by simply investing, then you need to remember that you are going to end up with a huge loss if the price falls. You need some sort of assurance that you will not lose a lot of money, and crypto can't give that to you. If you really want to, you could take out some loan and put it on staking or something like that and hope that it will pay you back, but most people forget that the returns of that is not equal to your debt so you will pay more monthly in that way and end up with a loss unless whatever you are staking increases as well. It is a very difficult position to be in and I highly doubt that people would be able to find anything that would make it more profitable that way. how many months does the borrower wait for ATH while the loan will continue to swell with the interest rate set every month, I think trading digital assets that are already at risk should not be overlapped with other risks so that they do not overlap even though we must dare to take risks invest smartly if you have to go into debt, it's better to be in debt with our ability to pay monthly / sell other assets that are rarely used such as jewelry so that our crypto assets are safe in the long term In terms of worth it or not, of course we will all say that something like this is not worth it. ATH achieved and profits taken there will be used up with more and more interest. on the other hand I agree with what you said because overlapping like this will only make the burden bigger and our focus will be split
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ReiMomo
Sr. Member
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Duelbits - $100k Bonus/week
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December 17, 2021, 05:25:04 PM |
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Never borrow and invest in crypto. It might be loans or borrowing money from friends or through any means, never do it. As market is volatile, we are not sure of constant return to repay the loan. At times, the return might in months or many times in a month. When there is no return, you will be put in pressure to close off your loan. Hence never borrow money from any means and invest on crypto currencies. We will be in loss and then in depression.
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qwertyup23
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December 17, 2021, 05:28:40 PM |
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Maybe now its a good time to invest And borrow money. Btc goes 120,000$ if you buy now you make like over 60,000$ profit. But dont buy just btc divide ur portfolio ... Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it. Pay i ng back loan and u are in profit. Next year as we all know ATH
I somehow agree that this may be a good opportunity for loans as the value of crypto is relatively low in the market. I do suspect, however, that its price may recover by the first quarter of 2022. That is why, any investment opportunity done at the current price of BTC (~$48,000) can be profitable long-term. Though the problem of loans stems from its very nature that you are lending someone your money. There are many instances where even trusted members of this forum took advantage of their reputation and got away with it.
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Ozero
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December 17, 2021, 06:04:46 PM |
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Maybe now its a good time to invest And borrow money. Btc goes 120,000$ if you buy now you make like over 60,000$ profit. But dont buy just btc divide ur portfolio ... Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it. Pay i ng back loan and u are in profit. Next year as we all know ATH
It is very risky to invest in cryptocurrency that are borrowed. I would not advise anyone to do this. Price movements in the cryptocurrency market are very unpredictable. You indicated that the price of bitcoin will rise to $ 120,000. Are you sure that by the time the loan can be repaid, the price of bitcoin will rise to such values? Nobody can give such confidence. But you will have to pay more interest every month for using the loan. Many were confident that by the end of this year, the price of bitcoin will be at least one hundred thousand dollars. If someone took out a loan with such confidence, then he suffered big losses.
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carlfebz2
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December 17, 2021, 06:18:13 PM |
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Maybe now its a good time to invest And borrow money. Btc goes 120,000$ if you buy now you make like over 60,000$ profit. But dont buy just btc divide ur portfolio ... Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it. Pay i ng back loan and u are in profit. Next year as we all know ATH
It is very risky to invest in cryptocurrency that are borrowed. I would not advise anyone to do this. Price movements in the cryptocurrency market are very unpredictable. You indicated that the price of bitcoin will rise to $ 120,000. Are you sure that by the time the loan can be repaid, the price of bitcoin will rise to such values? Nobody can give such confidence. But you will have to pay more interest every month for using the loan. Many were confident that by the end of this year, the price of bitcoin will be at least one hundred thousand dollars. If someone took out a loan with such confidence, then he suffered big losses. Being optimistic isnt bad but you should really think on how you gonna repay those interest on month to month basis or depending on the contract or terms because if you dont have any source and just relying on this one then this kind of decision would be suicide. You are really putting yourself in so much trouble because loan money and investing it on cryptocurrency market is something wont give out assurance. Come to think even with traditional physical business wont really give out guarantees to be profitable.How much more into this speculative market?
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freedomgo
Legendary
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Merit: 1178
Playbet.io - Crypto Casino and Sportsbook
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December 17, 2021, 07:58:39 PM |
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Maybe now its a good time to invest And borrow money. Btc goes 120,000$ if you buy now you make like over 60,000$ profit. But dont buy just btc divide ur portfolio ... Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it. Pay i ng back loan and u are in profit. Next year as we all know ATH
It is very risky to invest in cryptocurrency that are borrowed. I would not advise anyone to do this. Price movements in the cryptocurrency market are very unpredictable. You indicated that the price of bitcoin will rise to $ 120,000. Are you sure that by the time the loan can be repaid, the price of bitcoin will rise to such values? Nobody can give such confidence. But you will have to pay more interest every month for using the loan. Many were confident that by the end of this year, the price of bitcoin will be at least one hundred thousand dollars. If someone took out a loan with such confidence, then he suffered big losses. Being optimistic isnt bad but you should really think on how you gonna repay those interest on month to month basis or depending on the contract or terms because if you dont have any source and just relying on this one then this kind of decision would be suicide. You are really putting yourself in so much trouble because loan money and investing it on cryptocurrency market is something wont give out assurance. Come to think even with traditional physical business wont really give out guarantees to be profitable.How much more into this speculative market? I believe investing at this moment is definitely a perfect timing but not with a borrowed money. It will only put yourself into trouble in the coming days. Although its a given fact that you will reap your profits in the future once you have reached your goal price but the question is when will it happen? Investing in crypto is a very risky decision because there is no guarantees that you won't lose in the process. So if you want to enter into crypto, invest in your own personal money that will not be used to pay your bills, otherwise you'll still be in trouble after that.
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Emitdama
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December 18, 2021, 01:22:02 PM |
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Maybe now its a good time to invest And borrow money. Btc goes 120,000$ if you buy now you make like over 60,000$ profit. But dont buy just btc divide ur portfolio ... Buy few metaverse few top coins maybe web3 and u wait ATH and you sell it. Pay i ng back loan and u are in profit. Next year as we all know ATH
You must really be kidding me right? How exactly did you get to know that bitcoin is going to be reaching $120,000? Because you made that look specific like you’re very sure that the market would be getting to $120,000, how can you be so sure about that? Nobody can really say exactly where the market is heading to, and also you can already see that your prediction is not accurate, since the market has been moving the opposite direction of what you predicted, checking from the time you made this prediction. The month can still run out and you wouldn’t see any increase to that level, but that doesn’t mean that bitcoin won’t get to a such level, it might, but you can’t tell when exactly, which is why the idea of taking loan is quite bad.
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ancafe
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December 18, 2021, 02:37:26 PM |
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Never borrow and invest in crypto. It might be loans or borrowing money from friends or through any means, never do it. As market is volatile, we are not sure of constant return to repay the loan. At times, the return might in months or many times in a month. When there is no return, you will be put in pressure to close off your loan. Hence never borrow money from any means and invest on crypto currencies. We will be in loss and then in depression.
I agree with this. it's better to be in the safe zone, and collect it little by little than to take the risk due to speculation that still has no basis as it is today. You can borrow to buy bitcoins, but you need to consider the risks involved. Currently, the price of bitcoin is very high, and if you are aiming to borrow money to buy more than 1 bitcoin, then you should reconsider. because the risk is too great. people always give tips and advice like, use the money you are willing to lose. however, it seems the money from the loan is not that type of money. If you lose, then you get stress.
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horrifiedx1
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December 18, 2021, 03:11:55 PM |
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Never borrow and invest in crypto. It might be loans or borrowing money from friends or through any means, never do it. As market is volatile, we are not sure of constant return to repay the loan. At times, the return might in months or many times in a month. When there is no return, you will be put in pressure to close off your loan. Hence never borrow money from any means and invest on crypto currencies. We will be in loss and then in depression.
I agree with this. it's better to be in the safe zone, and collect it little by little than to take the risk due to speculation that still has no basis as it is today. You can borrow to buy bitcoins, but you need to consider the risks involved. Currently, the price of bitcoin is very high, and if you are aiming to borrow money to buy more than 1 bitcoin, then you should reconsider. because the risk is too great. people always give tips and advice like, use the money you are willing to lose. however, it seems the money from the loan is not that type of money. If you lose, then you get stress. life is not for betting, by borrowing then we must be good at managing stress, so we keep thinking clearly. Isn't the business built in stages, not just wanting to get rich quick. therefore it is safest to invest with our own strength and use free money, so that we will be able to hold it for years and finally we have a target to open our investments to enjoy
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LogitechMouse
Legendary
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Need A Campaign Manager? | Contact Little_Mouse
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December 18, 2021, 04:26:41 PM |
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Just do it for yourself and don't fool other people especially the newbie investors with what you are saying. Getting a loan just to invest is very risky. Maybe it is good if you risked and took a loan after the big crash in March 2020 at the start of the pandemic but right now? I don't think it will give you profits if you loan to invest into crypto. It will only give you headache. As for me and for most here, I think its not advisable to get a loan just to invest in crypto knowing that it is a volatile market and your initial capital might loss in just a couple of weeks. On the other hand though, there is no rules saying that you should not do it. Its just that its very risky.
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syedzakir
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December 18, 2021, 05:10:28 PM |
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Taking loan and then to invest in cryptocurrency is not a good idea because if you are not a good trader and facing great losses then you may be in a great trouble. You might be having no idea how to return the amount of loan you brought. Invest what you have of your own. Don't risk with anyone's assets.
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suzanne5223
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December 18, 2021, 08:21:36 PM |
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Just do it for yourself and don't fool other people especially the newbie investors with what you are saying. Getting a loan just to invest is very risky. Maybe it is good if you risked and took a loan after the big crash in March 2020 at the start of the pandemic but right now? I don't think it will give you profits if you loan to invest into crypto. It will only give you headache. As for me and for most here, I think its not advisable to get a loan just to invest in crypto knowing that it is a volatile market and your initial capital might loss in just a couple of weeks. On the other hand though, there is no rules saying that you should not do it. Its just that its very risky. I agreed with what you said and even if we're not dealing with a volatile market it's never advisable to get a loan just to invest in crypto this is the habit some people called greedily. However, the market is currently in the middle of to direction right now, it could take the bull momentum or repeat the previous scenario that happened in the year 2018. I hope the newbies won't see what she said as a piece of investment advice.
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Lanatsa
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December 18, 2021, 08:55:21 PM |
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Just do it for yourself and don't fool other people especially the newbie investors with what you are saying. Getting a loan just to invest is very risky. Maybe it is good if you risked and took a loan after the big crash in March 2020 at the start of the pandemic but right now? I don't think it will give you profits if you loan to invest into crypto. It will only give you headache. As for me and for most here, I think its not advisable to get a loan just to invest in crypto knowing that it is a volatile market and your initial capital might loss in just a couple of weeks. On the other hand though, there is no rules saying that you should not do it. Its just that its very risky. I agreed with what you said and even if we're not dealing with a volatile market it's never advisable to get a loan just to invest in crypto this is the habit some people called greedily. However, the market is currently in the middle of to direction right now, it could take the bull momentum or repeat the previous scenario that happened in the year 2018. I hope the newbies won't see what she said as a piece of investment advice. Overall aspect then taking a loan is never been recommended! We should really make ourselves get freed with this kind of shackles on where you do have pending loans or debts which you would need to pay up and its better to have a debt-free live so that you wont really get stressed out. If you do see some opportunity but you do lack of funds then having this kind of option isnt really that bad as long you do know and be responsible on paying it back in due time. Invest and take some loan on your own risk but be prepared on something about this kind of responsibility.
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paxmao
Legendary
Offline
Activity: 2394
Merit: 1629
Do not die for Putin
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December 18, 2021, 09:44:06 PM |
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Just don't. Again, a number of posts that show zero understanding of the concept of risk. You started with clear inability to grasp what is thrid party risk with you post about stable coins, continued with not understanding the risk of fraud on a post about ICOs and the poor and now you show no hint about the risk of leveraging on a highly volatile asset. Seriously, you need to consider just reading some decent books instead of watching 30 seconds youtube videos of some stupid teenager "influencer".
Please, stop creating problems for the gullible.
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blockman
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December 18, 2021, 11:26:32 PM |
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Taking loan and then to invest in cryptocurrency is not a good idea because if you are not a good trader and facing great losses then you may be in a great trouble.
A very terrible idea. If those people that have done this mistake in the past could show up, they'll warn the others to not do it and would please them not to follow their paths. You might be having no idea how to return the amount of loan you brought. Invest what you have of your own. Don't risk with anyone's assets.
Interest would increase while the market tanks. And if the borrower would get to see the variance of it, he would just stop and won't pursue this idea. Only if he really don't want to have a lot of debt while waiting for the boom of his investment.
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JoyMarsha
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December 19, 2021, 09:02:32 AM |
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Do you want to commit yourself to what you can't come out from easily? You can borrow money to invest in bitcoin but have you thought about it after diversifying your investments, it didn't work out as you planned it "bitcoin skyrocketing to $120k". What do you intend to do by then? Don't forget you borrowed the money and you intend to pay it back soon. It's better not to invest than borrow.
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breathlessz
Member
Offline
Activity: 770
Merit: 12
Trphy.io
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December 19, 2021, 12:13:28 PM |
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have we taken into account the risk when buying now, by borrowing money... indeed, currently there is a decline in the price of almost all coins experiencing it, but do we know the price will go up soon, or even go back down again, if that's the case, have we prepared a good strategy, as well as whether our mentality is good enough to take the risk, don't let us stress after that
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Alisha-k
Member
Offline
Activity: 840
Merit: 23
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December 19, 2021, 05:24:20 PM |
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This is a good plan but does not seem to be the best strategy or idea. I personally do not like the idea of borrowing money to start up a business worst of, borrowing for an investment with which you cannot predict it's future talk more of knowing how it's next year would turn to be.
Yes, it may be a good time to buy coins but that'll be best if the income where yours and you'll not be indebted in anywhere.
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