This why wall street are rich and you are poor

[Gasty4]

It's no bad decision if borrowing cash both in fiat, in the cryptocurrency sphere and also for gambling,I see nothing bad with such, like I could attest to the fact that I borrowed some amount of money to gamble, strictly football gambling and I wasn't able to pay back in the first two months.
It might work for you, but not for all, at last I got to pay after too many loss.
What I think is demanded is a good mindset, a change of your old mindset, not everyone will want to take this risk, not even the poor nor rich.
A good plan, strategies and taking calculated risks matters.

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[Congyang]

Having debts is always a wise idea if you have smart plans for it, but its never really that important especially if you can start a business even with a minimum capital. And i think investing in crypto will never really need a huge capital, that you have to go on financing companies and lets you pay the additional interest. You can expand your investment and create bigger profits if you are already making good returns from your initial investment. Because not all debtors are capable to generate profits.

having debt for some people is indeed quite wise but only for some people who are really good at circulating their money but sometimes many people do the same thing but what happens is the opposite and even only gets worse so they can't get out of debt they.
As for investing using money that can be said to be quite hot because the results from borrowing are actually too risky, not only for beginners but also for those who are advanced, the risk will still be very large.
they need to think of various ways here because the market won't always be supportive in this case because they won't always be green.
I think we also have to be wise in self-control to be in debt in this case

[fullhdpixel]

It's no bad decision if borrowing cash both in fiat, in the cryptocurrency sphere and also for gambling,I see nothing bad with such, like I could attest to the fact that I borrowed some amount of money to gamble, strictly football gambling and I wasn't able to pay back in the first two months.
It might work for you, but not for all, at last I got to pay after too many loss.
What I think is demanded is a good mindset, a change of your old mindset, not everyone will want to take this risk, not even the poor nor rich.
A good plan, strategies and taking calculated risks matters.

It is mate. It is bad to borrow money and then use that money in the actual gambling. The OP also talks about gambling but its a different one. Investing in crypto is another form of gambling but it is less riskier especially if done on good set of coins. I say less riskier because cryptos are volatile.

You might be losing today but you never know maybe by the time you woke the next morning your already in profits. This is the good thing in crypto. Gambling is more of a personal hobby or personal interest and its not really that beneficial if we borrow money to feed our personal interest because there is no better returns that we can expect.

[FanEagle]

Well, I quite agree with this. borrow money, to make more money. however, in the crypto world, we never know which coins will be pumped, and which ones will be dumped. although there is quite a lot of speculation that we have, prices always move based on information that has happened. well, so it's very risky to borrow money then try to invest in crypto. however, if you believe in the risks you can take, well, then give it a try.
it's just that, based on this, I came to understand that people who move and take risks to take big profits are faced with two things, namely losses, and very large profits. What makes most people rich is that they take those risks.

That is why you borrow money and then invest into something that is a bit more guaranteed, a bit less risky. Like for example mortgages are great for that, you borrow money and then you get a loan for 10 or even 20 years if you can, and after 20 years, you have a house that worths A LOT more than what you paid for since inflation will make sure the price would go up, and by the time you are finishing, on your last years the debt will be tiny because of inflation as well.

Assuming you make 1000$ per month, and you pay $500 for the house, by the end of 10th year you will be making 2000 or even 3000 and still paying 500 and that is the great part about it.

[Sanitough]

It's no bad decision if borrowing cash both in fiat, in the cryptocurrency sphere and also for gambling,I see nothing bad with such, like I could attest to the fact that I borrowed some amount of money to gamble, strictly football gambling and I wasn't able to pay back in the first two months.
It might work for you, but not for all, at last I got to pay after too many loss.
What I think is demanded is a good mindset, a change of your old mindset, not everyone will want to take this risk, not even the poor nor rich.
A good plan, strategies and taking calculated risks matters.

It is mate. It is bad to borrow money and then use that money in the actual gambling. The OP also talks about gambling but its a different one. Investing in crypto is another form of gambling but it is less riskier especially if done on good set of coins. I say less riskier because cryptos are volatile.

You might be losing today but you never know maybe by the time you woke the next morning your already in profits. This is the good thing in crypto. Gambling is more of a personal hobby or personal interest and its not really that beneficial if we borrow money to feed our personal interest because there is no better returns that we can expect.

That is, loans should not be made for personal interest and gains. But if you borrow money to invest in crypto, i would say, yes its a better idea but not really significant. Because there is no assurance that you will make profits consistently, and no assurance that you can pay your debt in time. As long as volatility matters, crypto will always be unstable. But it does give us a huge income, but not in a frequent basis.

[Smitty Werben Man Jensen]

It's no bad decision if borrowing cash both in fiat, in the cryptocurrency sphere and also for gambling,I see nothing bad with such, like I could attest to the fact that I borrowed some amount of money to gamble, strictly football gambling and I wasn't able to pay back in the first two months.
It might work for you, but not for all, at last I got to pay after too many loss.
What I think is demanded is a good mindset, a change of your old mindset, not everyone will want to take this risk, not even the poor nor rich.
A good plan, strategies and taking calculated risks matters.

It is mate. It is bad to borrow money and then use that money in the actual gambling. The OP also talks about gambling but its a different one. Investing in crypto is another form of gambling but it is less riskier especially if done on good set of coins. I say less riskier because cryptos are volatile.

You might be losing today but you never know maybe by the time you woke the next morning your already in profits. This is the good thing in crypto. Gambling is more of a personal hobby or personal interest and its not really that beneficial if we borrow money to feed our personal interest because there is no better returns that we can expect.

That is, loans should not be made for personal interest and gains. But if you borrow money to invest in crypto, i would say, yes its a better idea but not really significant. Because there is no assurance that you will make profits consistently, and no assurance that you can pay your debt in time. As long as volatility matters, crypto will always be unstable. But it does give us a huge income, but not in a frequent basis.

Borrowing money to invest in crypto is indeed a good idea but on the other hand the risk is also big,
we know that investing in crypto is not always profitable,
but what is clear is that it all depends on each person if that person can manage his finances well maybe it won't be a big problem

[GEMIN_M4]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

Wall Street are never poor to begin with, the rules of borrowing money is having something to tender as collateral just in case, lenders don't just lend out money to anyone, you have to worth something yourself.

[Vaculin]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

Wall Street are never poor to begin with, the rules of borrowing money is having something to tender as collateral just in case, lenders don't just lend out money to anyone, you have to worth something yourself.

True. You cannot just easily take a loan without any collateral to present that can also cover up the worth on the amount you wish to borrow. This is what most of the traditional lenders too.

However, lending money is not at all times productive. Because there are cases that your business had boom in its first months, but later on started to crash or collapse. Its like crypto too, there are no guarantees that you will always gain profits, as the market has its own flaws too. So if you wish to borrow money, make sure that you also have other stable sources of income that will pay your loan when crypto fails to do so.

[noormcs5]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

The probelm here is that the wall streeet guys has the insider information as when the bitcoin will pump and how long the bull run will last. We, as a retailers, does not have any such information and hence we cannot time the market perfectly. What if we took loans to buy crypto and the market does not enter into the bullish phase.

Secondly, money makes you money. Rich people have all the facilties to borrow money while its hard for any common man to borrow huge amounf of money without any collectral.