This why wall street are rich and you are poor

[qwertyup23]

Getting loan for investment is not always the best investment idea. Yes you can be lucky to profit in it but if you are unlucky then you blame and regret because you are going to pay back even from no where. Cryptocurrency is very risky but lucrative however you can't trust it to get a loan for investing in it. People succeed in it but not all the time, if you miss the buying and selling times then it will stay as loses for you. But it is better borrowing to buy landed property because lands always appreciate in value.

Man, getting a loan in order to enable a person invest is like digging through your own grave. Remember that investing money using a loaned money may not be a good idea due to the nature of such transaction. It can either make or break your entire investment life since it could put you in debt in your entire life.

Though there are risks that we need to take in order to elevate our financial situation into another level, this kind of risk is just too much for someone to handle, given that if you are already drowning in debt, it is better to explore alternative methods rather than to risk another debt incurring.

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[bitgolden]

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.

Even you sound like perfect, in many cultures going for loan is still not encouraged. Business wise going for loan must be a common thing but when you do not have definite opportunity then risking with a loan may not be a preferred one in my opinion as well regardless of whatever practices are being followed in my country.

People who are able to manipulate the market might be going for loans because they control everything and they must be confident about good returns out of loaned money which is the reason they are continuously making money and people who are not preferring to manipulate may stay poor like before forever.

[Wawa2013]

I don't think taking loan to invest in cryptocurrency. Trading in general is a risky game so there is no point to advice someone to take loan for crypto investment, it's a rule not to invest the amount you can't avoid to loose, and loaned money will not give proper mindset. Cryptocurrency market is not really predictable, so taking loan to trade is not a good advice.

I once tried to borrow money from a bank as investment capital in crypto, but it didn't meet my expectations. The price of the coins I bought
keeps dropping, while I have to pay my loan installments regularly every month. Finally I experienced financial problems, because the money
to buy daily needs I had to use to pay off debts. Like you said the crypto market is very difficult to predict, so it's not a good idea to borrow money
to invest in crypto. It's better if we invest with small capital, but from the extra money we have, so in the future there will be no financial problems
if the market does not match our expectations.

That's the risk of borrowing money for investment if it doesn't match expectations, and having to pay according to the agreement is very uncomfortable if our finances are not good.
Never risk certainty with uncertainty, because investment is uncertainty that does not necessarily match expectations, it would be better if you borrow money for urgent or very important purposes such as for treatment due to illness or other.

Invest according to your ability even in small amounts, do not force what is not in accordance with the circumstances, borrow money for investment because you will face two risks, loss if your investment fails and still repay your loan under any circumstances.

Fortunately I have learned a lot from my previous mistakes by using money loans for investments. Now I only invest according to the finances
I have, indeed the profit generated is not that big, but it is safe to do. Unfortunately many people often risk certainty with uncertainty, simply
because of the greed that is in them. Eventually people who cannot control their greed will end badly, they will experience financial problems.
Don't be easily tempted to see the big profits shown by people who do have large capital, because everyone has different financial abilities,
we don't need to chase people who have stronger financial abilities than us. Therefore it is very important to be grateful no matter how much profit
we make, even though our capital is small and our profit is also small, but with proper financial management, we can get a big profit if the profit
we make is accumulated.

[bitgolden]

Trust me, no matter how sweet this sounds but buying assets using borrowed money and investing them in the market as an individual is not only highly stressful but very risky too, As an individual people generally have just a limited number of income streams. Secondly markets are highly speculative, sometimes you will see them booming every coming month while sometimes you will see them touching new bottoms every month, this way it's hard to predict when is the right time to enter, so if you took a loan and entered into the market at wrong time, it's only god who can save you from all sorts of troubles you are going to face. This Rate of Return > Cost of debt theory looks good only in books and corporates, can't say it suits individuals.

It's always about limiting your finances to the payment you could make on debt no matter what happens to your investment. I always say that debt is there to create a wealth for you, what 10k worths today is not the same value next year, certainly not in 20 years. I have met with a lot of business owners who have debts that go as further as 25 years, that business will literally be paying debt they made today after 25 years, but that's great for them, why? Because the money they are paying right now may look a lot but after 25 years it will be tiny peanuts due to high inflation all over the world.

So, what you should do is get a debt that you know 100% you can pay with your salary or any other income you know you will pay, do not make your debt repayment dependent on crypto, if you know you get 1000 dollars as salary and spend 900 dollars a month, you know you save 100 dollars. You could always try to get 5k dollars debt, pay 100 bucks a month for 5 years and you got yourself a combined money, by the time 5 year ends your salary could even be bigger than 1000 and you would be paying very little.

[teosanru]

Trust me, no matter how sweet this sounds but buying assets using borrowed money and investing them in the market as an individual is not only highly stressful but very risky too, As an individual people generally have just a limited number of income streams. Secondly markets are highly speculative, sometimes you will see them booming every coming month while sometimes you will see them touching new bottoms every month, this way it's hard to predict when is the right time to enter, so if you took a loan and entered into the market at wrong time, it's only god who can save you from all sorts of troubles you are going to face. This Rate of Return > Cost of debt theory looks good only in books and corporates, can't say it suits individuals.

It's always about limiting your finances to the payment you could make on debt no matter what happens to your investment. I always say that debt is there to create a wealth for you, what 10k worths today is not the same value next year, certainly not in 20 years. I have met with a lot of business owners who have debts that go as further as 25 years, that business will literally be paying debt they made today after 25 years, but that's great for them, why? Because the money they are paying right now may look a lot but after 25 years it will be tiny peanuts due to high inflation all over the world.

So, what you should do is get a debt that you know 100% you can pay with your salary or any other income you know you will pay, do not make your debt repayment dependent on crypto, if you know you get 1000 dollars as salary and spend 900 dollars a month, you know you save 100 dollars. You could always try to get 5k dollars debt, pay 100 bucks a month for 5 years and you got yourself a combined money, by the time 5 year ends your salary could even be bigger than 1000 and you would be paying very little.

There is a very tiny line of difference between gambling and business, Opening up a business by taking debt is entirely different than just taking debt and putting it into cryptos, it's not at all a wise choice to give everything in cryptos or let alone any market by taking up debt. This scenario is only true when the market itself is your business, if you are giving enough time studying each coin and its fundamentals or doing technical analysis and charting of every coin, such a thing cannot be done on the recommendation of others or just because you feel overall bullish about the market, moreover, no bank would give you a loan for putting money into crypto in the first place, non-institutionalized lenders are going to suck you up with interest and technically the returns would be very minimal in that case even if you are lucky to be correct.

[jaberwock]

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.

Well, this can work because I have seen people who got rich after they borrowed huge sum of money and invested it, and when the profit came out they paid back the money that was loaned to them and they still had much more that was left to them.

So I am not doubting it, because I know that it works. But at the same time you’re taking a really big risk by doing such a thing, because if you happen to lose that kind of money, then you will have loans to start paying and also the interests that follows it. Anyone that is planning to take such a risk should be calculative enough to know whether they are doing so at the right time, if you’re not sure of what you’re about to do, just steer clear from it.

[alpamar99]

Anyway, all blockchain money transfers will take the market to another level and projects like Junca Cash can make everyone rich.

There are many projects that are capable to make someone rich not just one. I was searching on binance exchange and I saw new list of coins that have very good use case. All that is needed is proper research and invest in a right coin, altcoins season is around the corner and is there for wise decision takers to make profit.

The problem today is that so many new people don't really understand how to find really good projects with research and swerve to the hype that makes it difficult for them to be in this scope.
I think to be successful it is not only based on a strong desire and looking for clear sources.
but it must be based on supporting knowledge because if there is a strong desire to succeed but never learn that is not a good thing

[Awwal08]

I read an article saying that it is not proper to borrow money for business because is too risky not all the business succeed at the first time then tell me if you went and borrow money to invest at the first time and you fail what do you think in this life we know you have to take risk because only a risk taker survive but not in this aspect, start from the little you have and it will continue to grow.

[wxa7115]

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.

Trust me, no matter how sweet this sounds but buying assets using borrowed money and investing them in the market as an individual is not only highly stressful but very risky too, As an individual people generally have just a limited number of income streams. Secondly markets are highly speculative, sometimes you will see them booming every coming month while sometimes you will see them touching new bottoms every month, this way it's hard to predict when is the right time to enter, so if you took a loan and entered into the market at wrong time, it's only god who can save you from all sorts of troubles you are going to face. This Rate of Return > Cost of debt theory looks good only in books and corporates, can't say it suits individuals.

Exactly, an individual cannot really pull off something like this, in theory it sounds great but we know of several cases of members of the forum that tried to do this during the 2017 bull run and it did not work at all for them, they heavily indebted themselves and then they had to sell their coins for a low price.

So not only they lost their coins, they were still indebted to the banks and they had nothing to show for those debts they incurred, so while this sounds great in practice once you try to apply this strategy you will realize it is way more difficult to implement than what you first thought.

[RealMalatesta]

I read an article saying that it is not proper to borrow money for business because is too risky not all the business succeed at the first time then tell me if you went and borrow money to invest at the first time and you fail what do you think in this life we know you have to take risk because only a risk taker survive but not in this aspect, start from the little you have and it will continue to grow.

Good point. Even if you should diversify your investment, there is still risk, because all of them are not going to be successful, not to talk of when you have just invested in one. The thing is that we never get to hear the stories of those who lose in the market, the only stories that we get to hear are of those who are lucky and made millions and billions of dollars and turn motivational speakers the next day.

So that way people who have not had any single experience starts thinking that it is quite easy, while the truth is that it is not. Borrowing money is a huge, but if you’re sure about what you’re doing and you know you would benefit from it, then it’s up to you, you can decide to go ahead.

[Vaskiy]

Those are old days where people borrowed money and the same had turned to be millions by now. As per the present market situation it is possible to survive and make money through the skills, because in the past there is not much opportunities to promote the skills and services. Now situation is completely different.

Recently saw an article where a person launched his brand on Instagram and every service is being offered through it. This have now turned to be a million dollar market brand. Borrowing makes it more risk, and if one is with precise plan for the future it might workout. As an user mentioned there are people who've gone bankrupt through borrowed money spending on business, and people who've succeeded. So, it is all about our fate.

[STT]

The problem today is that so many new people don't really understand how to find really good projects with research and swerve to the hype that makes it difficult for them to be in this scope.

People should do what they do well and most of us are not qualified to judge such things.  The majority of most market participation is along the lines of a tracker or similar lending to knowledgeable and trusted institutions already involved in the market, crypto doesnt exactly have that though its not completely bereft.  Its too easy to go wrong trying to cherry pick ideas, its highly risky anyway and its doubtful most people have any personal advantage in their judgement.

[ubg]

I took 4 loans from 3 banks in 2018 to buy crypto. It was mostly sideways action until this year. However I was in profit in less than a year. Would I take another such risk again. Not at this scale, I have downgraded my life to nothing, sold all my cars and live in a crappy apartment and only buy base necessities. It's a valuable skill to have though.

[MIner1448]

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.

Bad example of making money using borrowed money.
It is always necessary to invest the money that you can afford, borrowed money always goes into liability, unless you are a genius trading and analysis.

[yhiaali3]

For me, I do not think that borrowing is a good idea to get rich, on the contrary I know people who borrowed a lot of money and then became indebted and some of them cannot pay the debt, of course there are some people who have succeeded in making profitable investments through borrowing, but this is not always the case, it is not possible To give this as an investment advice or a rule of investment, personally I prefer to start with a small capital and grow little by little without the need to borrow, pay off loans and pay interest and fines as a result of delaying the payment of debt.

[Maslate]

For me, I do not think that borrowing is a good idea to get rich, on the contrary I know people who borrowed a lot of money and then became indebted and some of them cannot pay the debt, of course there are some people who have succeeded in making profitable investments through borrowing, but this is not always the case, it is not possible To give this as an investment advice or a rule of investment, personally I prefer to start with a small capital and grow little by little without the need to borrow, pay off loans and pay interest and fines as a result of delaying the payment of debt.

That certainly depends on how you handle the money or the proceeds of your loan, I know people who borrowed money to fund their business and they were successful in the long run. Maybe it's not for everyone as borrowing money is a high risk, and one could lose in the process as well.

[Cling18]

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 that's how powerful is to invest money that u borrowed.

Loaning for investing isn't for everyone especially for poor people who don't have enough assets for collateral and for those who don't know how to handle loan funds. As for me, it would be better to save enough funds for investing rather than borrowing because there's no guarantee of sure profit in crypto investing so there would be a big risk of not being able to pay the debt in time which may only result in regrets in the end. It would be better to use our own hard-earned funds for investment.

[ven7net]

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.

Unfortunately, it is not always right to look at the rich and count other people's money. I believe that in order to achieve success or, for example, in order to become rich, you need to make a huge amount of effort on your own or just be born into a rich family. Moreover, I do not think that the big players will want to see more people like them, because this can curtail their wealth and make them less powerful. You also need to take into account the fact that most often wealth appears due to not entirely honest methods, which means that for this it will be necessary to break the laws. I don't think this is a good idea. But if you really want to be like the people of Wall Street, then I can only wish you luck.

[AicecreaME]

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.

This is not a universal advice as we differ social status in life and we have various priorities as well. It is not really advisable to loan or take credit to use it for investment because the general rule in investing is invest what you can only afford to lose. You should only use your spare money to invest in something that you think will potentially earn in either passive or aggressive manner. Because there is always a risk present in investing. And if ever your investment undergo chaos or suddenly crash, you will not have a hard time moving on with the spare money that you've lost. Compared in losing the money you just owe from the banks or from your close friends by planning to invest. That would hurt big time most especially if you didn't manage to have your investment money returned yet.

I think advice could work on those who have high risk tolerance. For those who don't, I discourage you from taking this as this could cause anxiety and stress to you during the days that the capital hasn't gained back yet. There are many general rules here in cryptocurrency. If ever you find one that is suitable for you, then go live by it. After all, to each his own. We still have different perspectives and strategies on how we want to achieve the things the we are craving for.

[ChiBitCTy]

While I would agree with you that borrowing money can certainly help create wealth but there is nothing saying that if you don’t borrow money you won’t be successful, that’s simply not true. For a lot of people borrowing money can be a very dangerous proposition. Many people do not have the proper mindset to borrow money responsibly and would be much better off never doing so.