Dont just borrow money but for the right reason

[Gozie51]

In 5 years this investment will return very good ROI.
Life is simple lets not make it so difficult

Remember Facebook tried entering the cryptocurency industry through providing a service that didn't go so well. Before then the market got a boast at the news of Facebook coming in but that didn't end so well. I'm not trying to say the metaverse will end in the same way but don't go investing all especially borrowing  money when this is still a sector that has minimum of years to develop fully and anything can happen in this years.

You have said it all well @ CryptopreneurBrainboss. I think the whole hype on the metaverse is Mark Zuckerberg announcing that Facebook switching to it and every where seem to be in agog with the technology and yes Facebook tried to establish itself in cryptocurrency with libra coin but to no avail on the success and now pushing through with metaverse. For investors however, there have been other profitable means of investment before this so having an option is just a means of not throwing all eyes in one basket.

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[bitgolden]

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.

What people seem to mistake this "metaverse" idea is the fact that it is a concept and not a coin. You do not invest into "metaverse", you invest into a token or an idea or something. Like "land" or "mana" or whatever. Sure some of them could x100 but remember some of them could go to zero as well. There is no guarantee which one will do what.

This is why I believe that we should not be calling metaverse generally an idea. This is more like saying "invest into NFT", yeah sure some of them could turn 100 bucks into 1 million dollars if you are lucky enough, but some of them will not be even get sold. In this case you could go buy a patch of land digitally somewhere, but then you will need to realize that your land may worth zero in the long run, or it may worth a million dollars.

[Quidat]

In 5 years this investment will return very good ROI.
Life is simple lets not make it so difficult

Remember Facebook tried entering the cryptocurency industry through providing a service that didn't go so well. Before then the market got a boast at the news of Facebook coming in but that didn't end so well. I'm not trying to say the metaverse will end in the same way but don't go investing all especially borrowing  money when this is still a sector that has minimum of years to develop fully and anything can happen in this years.

You have said it all well @ CryptopreneurBrainboss. I think the whole hype on the metaverse is Mark Zuckerberg announcing that Facebook switching to it and every where seem to be in agog with the technology and yes Facebook tried to establish itself in cryptocurrency with libra coin but to no avail on the success and now pushing through with metaverse. For investors however, there have been other profitable means of investment before this so having an option is just a means of not throwing all eyes in one basket.

Diversifying would always be the best choice but of course you should throw off your funds into something which you do saw that has potential or really in trend or on which you do see that it could really progress in the future.Metaverse now is the current trend
and as an investor then you should be wise on selecting on which investments you would be putting on and not just
making yourself get dragged with some hype.

[24Kt]

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.

What people seem to mistake this "metaverse" idea is the fact that it is a concept and not a coin. You do not invest into "metaverse", you invest into a token or an idea or something. Like "land" or "mana" or whatever. Sure some of them could x100 but remember some of them could go to zero as well. There is no guarantee which one will do what.

This is why I believe that we should not be calling metaverse generally an idea. This is more like saying "invest into NFT", yeah sure some of them could turn 100 bucks into 1 million dollars if you are lucky enough, but some of them will not be even get sold. In this case you could go buy a patch of land digitally somewhere, but then you will need to realize that your land may worth zero in the long run, or it may worth a million dollars.

This is real talk. People should not think that they will get rich when they invest into this new hype. For sure, a lot of them will go to waste or will not be sold even if they want to. Only few of them will be valuable in the market and hard to determine right now. The metaverse concept is gaining popularity, but only few platforms can really make it and survive in the market. So don't be deceived by great promises but look into the possible value of the project 5 or 10 years from now.

[Darker45]

If you are recommending that people borrow money or take loans so that they could invest in metaverse projects, I completely disagree and would even go as far as considering this as a very bad financial advice.

You don't borrow money to risk on investments, whatever investment it may be, not even on Bitcoin. And Metaverse investments are far far riskier than Bitcoin.

As a matter of fact, and you could take this as a financial advice, if possible, avoid borrowing at all.

[The Sceptical Chymist]

OP, may I suggest that you not write posts here as if you were texting someone?  What you wrote is very difficult to read, and if you're trying to engage members in discussion, have enough respect for them to write out your thoughts coherently.  Not sure if you're ever going to want to join a campaign or bounty (though you already got negged for trolling), but good writing skills come in handy for those.

As far as Facebook's metaverse goes, I couldn't care less about that shit and don't see how it applies to a discussion on economics.

Metaverse will be huge the real estate in metaverse will prices will go higher with money u invest today sure you will 10x atleast.

Now that's just a retarded statement to make.  I've heard of Earth2 via Youtube, and people buying up plots of virtual land is about as idiotic as it gets.  It's an excellent example of the greater fool theory, because there's nothing of real value in those plots.  As soon as the music stops, anyone owning them is going to be stuck with digital garbage that they can't unload at any price.

I don't even know what all that has to do with the title of this thread, though I saw you mention borrowing.  Not even going to comment on that, because this thread isn't worth it.  If you're going to be a member here, do more reading and less writing.

[Sayeds56]

Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.

Even $300,000 can change the lives of most people without investing in the metaverse. Why bother to invest and have to wait 5 years? Especially with borrowed money that is clearly high risk?

It is better to invest in crypto without a loan because that will help us pay the loan monthly and avoid something that can make us risk. But there is no guarantee for people who invest in crypto for 5 years to make a big ROI as the crypto market will always fluctuate and have high volatility. At least, crypto investment is not for those who do not have patience. There is no minimum amount to invest in crypto but if you buy the coins at the exchange, there is a minimum amount to buy and I think that amount is not too big.

Well said. Though Investment on borrowed money can multiply you profits many times but at the same you are at risk of losing all what you invested. I have seen many fiends trading in future and Margin markets but they rarely make any profit. If you make investment in Real estate and payback your loan in installments and your monthly earning are sufficient to cover you expenses then it is okay. Borrowing money for growth of already running good business is also good idea.

[Leonardo7]

Well, lands in Metaverse projects are expensive and knowing to buy property from projects that won't fail will be good when they are just starting. I won't advise anyone to borrow money and invest i  cryptocurrency, although the odds always favour those who dare with the right project and with a huge patient.

[DOH!]

Well all the bankers allready investing in metaverse and your bank will be happy to see you get financially good and use their money best ways.

Banks will always be happy when you come to borrow their loan and only happy when you repay it on time. Lol, I don't think this idea would be wise except the risk factors from the Metaverse are more likely. I can somewhat agree that the Metaverse "volcano" still brings a lot of hype but what's behind that. I can leverage some of the collateral to borrow bitcoin and use it to invest in a different kind of crypto-specific investment. I think it's different for the whole metaverse and bitcoin, and I'm sure the reason for that lesson you had earlier this month

[Leviathan.007]

Talking about Metaverse is much different than investing in cryptocurrencies these two are not the same and you should not consider metaverse just for investing, that's a technology and in my own idea talking about metaverse is more like talking about ai because that's something know we will face it more in the near future and obviously this can be a good reason for many people to get into it even if they do not really understand, they walk in with closed eyes and due to this huge interest, they usually take profits their investment they make. However, I see you got a red tag for trolling and this makes your text less serious for everyone to even read it completely.

[hyudien]

You say Life is simple lets not make it so difficult, but borrowing from a bank doesn't it add to the burden of a person's life that it becomes more difficult and has double the burden before he borrowed? there are flowers waiting. So the bank will be very interested if you continue to increase the loan limit, but your life will be in the pursuit of the bankers? is such a life considered simple?

The simple life is he who doesn't force what he really can't return because he sees the situation, conditions and factors that cause a person to invest in a variety of ways. A simple life doesn't exaggerate what he doesn't have completely, a simple life doesn't make you too much of a burden on dependents.

[glendall]

why insist on borrowing money in investing?
  invest according to existing funds not by borrowing, investing in crypto is very risky where the level of fraud and price declines is in sight,
By selling assets I also don't agree, the reasons are the same as above

we hope to get ROI in the next 5 years but who knows the state of the crypto world in the future
although the predicted metavers project is better than btc

[skarais]

OP, no need to loan if you want to invest because I think you can also invest whenever you want, even if it is 10% of your total monthly income. That's much better in my opinion because you don't incur interest on the loan.

Investing in cryptocurrencies is not the right way to do it without considering the risks. You should never sell a physical asset if you only want to spend it investing because you are not really guaranteed to get a high ROI on your investment options. So it's worth thinking about other ways to invest and one of them is 10% of your total monthly income.

why insist on borrowing money in investing?

He may forget about the risks, or he may just be tempted by the profits while he ignores the monthly credit he has to pay.

[Zanab247]

Borrowing money to invest on bitcoin is a big risk to investors because the price of bitcoin is unpredictable. Many investors that borrowed a huge amount of money to invested on bitcoin early this year hoping the price will get to $70 before the end of November to enable them to pay back their money they borrowed. The price of bitcoin is still decreasing in the exchange market which is causing more fear to the life of those that collected a huge amount of money to invest in the community.
It was those days many investors loan money from the bank to invest on bitcoin and still make it within a year because the price of bitcoin was stable and steady in pumping in the market.

[Fortify]

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.
-snip-

It's hard to take investment advice off someone who struggles to construct a logical thought chain or who is so lazy when writing they use "gona" and "ur". You might be on to a nugget of a good idea, but it's ruined when you get so carried away with your idea. 1) It seems like it might be a good idea to start looking for possible investment ideas based around the metaverse that Zuckerberg wants to pour money into, but should be thoughtful research and can be abandoned if needed. 2) You should try to avoid borrowing money for such speculative investments unless you're familiar with stocks and the extremely high risks involved, you could end up very far in debt which makes it hard to start again. Debt is a shackle, unless it's a low cost mortgage then aim to avoid it at all costs.

[dbc23]

Getting a loan and waiting for 5-10years before you make profit and payback the loan don't it sound awkward and which financial institution or individual would build such patience with you. It's better doing it with your own capital. Don't get easily moved by hype as far as crypto investment is concerned always remember the are high risk venture and as such investing wisely should always be considered

[globalpain]

Getting a loan and waiting for 5-10years before you make profit and payback the loan don't it sound awkward and which financial institution or individual would build such patience with you. It's better doing it with your own capital. Don't get easily moved by hype as far as crypto investment is concerned always remember the are high risk venture and as such investing wisely should always be considered

Borrowing money to invest in crypto for me is not the main option and maybe it is optional,
it's better to keep using your own capital but if you really want to borrow it needs careful consideration,
again everyone has to make their own decisions and must be sure

[AicecreaME]

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.

Always act for bigger motivation dont waste ur time for small things so much.
Metaverse will be huge the real estate in metaverse will prices will go higher with money u invest today sure you will 10x atleast.
Metaverse will do even bigger then btc and even u did imvest 5 years ago in btc u would have nice profit today.

You can even tell YOU r bank u will invest in metaverse they know it will go up so its a great investment and they know it has good return how do they know ??
Well all the bankers allready investing in metaverse and your bank will be happy to see you get financially good and use their money best ways.

Now some of you telling me ....ou its a risky still ?

I tell u look at people with money ? Are they dumb ?
They are investing heavy money in metaverse.
Also 5 years ago same people imvested heavy money in btc and crypto.

They are never gona do the wrong investment they what has a value always in future they social circle is all good information and if u connect the dots u know what they do it with money so you follow to them always.

And yes best time to loan as much u can from the bank to invest in. Metaverse the metaverse assets will be so good that u can use that even for collateral for loan.

If banker telling its not good reason to invest or take loan then you can tell they know zero about finances and investment and they should not have banking license never ever sure the regular banker u cant argue with them they just follow the rules and do the data entry job but investment banker should give you money for sure.

And after you can take a banker to ride to ur lambo.
Sure the banker will be happy if their clients will be wealthy they still keep their money in same bank.

In 5 years this investment will return very good ROI.
Life is simple lets not make it so difficult

It's too early to tell that metaverse will really be that good and really worth the risk to make a loan just so you could invest in it. This is such a huge risk if ever you would do it. There is no guarantee that metaverse will stay for the long term. Also, just the main thought of you borrowing money so you could invest in something is not really good financial advice. You should only invest what you can afford to lose most especially in something that is just still blooming. So if ever things go bad, you still have money in your pocket and you won't be overly emotional in losing because that's just your spare.

Do your own risk assessment and planning before making decisions that could either make or break you. Do not be carried away with the hype without really understanding and analyzing the processes it would take for you to have ROI. Strategize smartly and do not do it impulsively because everything that is done in rush is most likely to have a bad outcome.

[so98nn]

How come one should not be worried about the risks with their money? Not everyone is born with silver spoon in their hands and you have to be very keen while making the plans to save yourself from going doen the sink. Money is something that talks the language of happy life. Gone those days which used to say money can’t buy the happiness! It’s completely new world, you have to have multiple income sources with smart investment plans.

Borrowing money is as simple as counting 1-2-3 however paying it back is not as easy as you are portraying in writing up. The interest rates, principle amount, your daily expenses, profits all calculations needs to be done before you step out.

Mera verse is no doubt new scale up investment, however you should not trust the market with so much blind attitude. That’s insane.

[dezoel]

Getting a loan and waiting for 5-10years before you make profit and payback the loan don't it sound awkward and which financial institution or individual would build such patience with you. It's better doing it with your own capital. Don't get easily moved by hype as far as crypto investment is concerned always remember the are high risk venture and as such investing wisely should always be considered

You pay it back, but you wait for your crypto to mature. World is already filled with people who have debt, this may sound weird but some people just say that they could make some more debt and that way they could bring their asset amount to a bigger level and then they can pay the loan back from their regular salary or their business or whatever.

I know a ton of people who did that with non-crypto stuff, I know a person who has 13 million dollars in debt, but he owns a school and that school makes hundreds of thousands of dollars in profit every single year which he reinvests to other projects to grow his asset size and hopefully start another school soon by showing all those assets as collateral and getting even a bigger loan to build that new school.

So this way, dude will be forced to pay a HUGE sum of money every month, literally in hundreds of thousands of dollars, but he would have 2 schools, and maybe 20-25 buildings under his name. Which shows that, if you are smart to take out a loan, then you will be richer.