lixer
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May 19, 2022, 12:44:16 PM |
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Be careful when we take a loan when inflation is high, this is very risky because it can make our debt increase drastically, but the good thing is to use debt for business capital or use it for investments that provide large profits such as cryptocurrencies.
When you are taking a loan in a nation with high inflation, paying the monthly payments could be very difficult on the first month for example, but after a few years it becomes an easy thing. For example, if I sell all of my investments and take a bit of a loan, I would be able to buy a house right now, that is possible, and sell my car too of course, and I would be in so much debt that I wouldn't be able to pay it fairly in the first year, would make bigger debts on credit card to keep it going, I would have to put every single money I make into the loan repayment. However in 4-5 years, it would be nothing, it would be a very tiny amount to pay, and with high enough inflation the house I buy would be 5x size of my debt.
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TheCoinGrabber
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May 19, 2022, 01:07:54 PM |
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Has anyone done the math for some of us who are not as quick grasping this? I still find this a bit too risky. I think I've heard about this before, supposedly you make your money as the inflation go down or something, can't exactly remember. Still, can people really afford to do this at such times like this?
Taking loan is always risk, but if you've got stable earning to pay the interest along with the capital even if the market isn't supportive then it is not a big risk. There are people who doesn't have big spending, and they are affordable to pay the loan premium from their salary or out of the business. For them taking loan to invest on cryptocurrency will be profiting, because they've got the time which will assure with profit/growth. Yeah it is risky. I probably wouldn't even try it unless I know I have some money saved up to pay for a few months of the premium. Especially these days, it's very easy to lose a job or for a business to go under. I'm still curious why they are saying it's good to take loan during high inflation. Especially since the money you borrowed would have less purchasing power.
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Finestream
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May 19, 2022, 11:49:21 PM |
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Inflation or no inflation to me taking a loan to buy asset is just another glorified debts. In my very eventful few years of crypto-Currency I have come to understand that it’s very wrong to take a loan to buy any Crypto-currency asset, so inflation aside I believe a loan is a bondage and using it to buy an asset as volatile as crypto-currency is very far foolish, that’s where the start slow and rise steady comes in, Crypto-currency is very much unpredictable and taking loan to enter it can be a bad decision.
It will never be a smart decision if you take loans so you can invest. Though investing is a wise decision, but knowing you borrowed money for that, that makes it very unhealthy for an investor. However, if you have other sources to pay your debt and that they always generate an income, borrowing money may be somehow reasonable. But for a beginner who makes crypto as his first investment, then he should save for its funds first before he decide to take the risk in investing.
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bangjoe
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May 20, 2022, 12:18:08 AM |
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Inflation or no inflation to me taking a loan to buy asset is just another glorified debts. In my very eventful few years of crypto-Currency I have come to understand that it’s very wrong to take a loan to buy any Crypto-currency asset, so inflation aside I believe a loan is a bondage and using it to buy an asset as volatile as crypto-currency is very far foolish, that’s where the start slow and rise steady comes in, Crypto-currency is very much unpredictable and taking loan to enter it can be a bad decision.
It will never be a smart decision if you take loans so you can invest. Though investing is a wise decision, but knowing you borrowed money for that, that makes it very unhealthy for an investor. However, if you have other sources to pay your debt and that they always generate an income, borrowing money may be somehow reasonable. But for a beginner who makes crypto as his first investment, then he should save for its funds first before he decide to take the risk in investing. It becomes very arrogant when we take out a loan to invest which is not certain when we will profit. Indeed, I also realized that when I saw a good opportunity for me to enter to invest and coincidentally I did not have the capital to invest, at first I thought about taking a loan. But I am very grateful when I can withstand it, because if you think about it, it becomes greed which I think greed is the thing to avoid in investing, especially in this cryptocurrency.
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horrifiedx1
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May 20, 2022, 02:56:18 PM |
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Inflation or no inflation to me taking a loan to buy asset is just another glorified debts. In my very eventful few years of crypto-Currency I have come to understand that it’s very wrong to take a loan to buy any Crypto-currency asset, so inflation aside I believe a loan is a bondage and using it to buy an asset as volatile as crypto-currency is very far foolish, that’s where the start slow and rise steady comes in, Crypto-currency is very much unpredictable and taking loan to enter it can be a bad decision.
It will never be a smart decision if you take loans so you can invest. Though investing is a wise decision, but knowing you borrowed money for that, that makes it very unhealthy for an investor. However, if you have other sources to pay your debt and that they always generate an income, borrowing money may be somehow reasonable. But for a beginner who makes crypto as his first investment, then he should save for its funds first before he decide to take the risk in investing. It becomes very arrogant when we take out a loan to invest which is not certain when we will profit. Indeed, I also realized that when I saw a good opportunity for me to enter to invest and coincidentally I did not have the capital to invest, at first I thought about taking a loan. But I am very grateful when I can withstand it, because if you think about it, it becomes greed which I think greed is the thing to avoid in investing, especially in this cryptocurrency. emotional without thinking long makes us regret later. therefore the act of borrowing funds to invest in cryptocurrencies is not recommended for beginners. we can take the example of the luna tragedy, where there are many sad stories from investors, of course because they are not good at managing their funds to invest in crypto, and in the end they seem to fall to the bottom. imagine if the funds used are loan funds
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Altryist
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May 20, 2022, 07:11:29 PM |
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It will never be a smart decision if you take loans so you can invest. Though investing is a wise decision, but knowing you borrowed money for that, that makes it very unhealthy for an investor. However, if you have other sources to pay your debt and that they always generate an income, borrowing money may be somehow reasonable. But for a beginner who makes crypto as his first investment, then he should save for its funds first before he decide to take the risk in investing.
I agree that taking a loan to invest in cryptocurrency is very risky and carries huge risks. It makes sense to take a loan for a business that is established and brings a stable profit, and a loan is needed to scale up and increase capacity, wich will close this loan. And investment in cryptocurrency can be either unprofitable or long-term, and you need to start repaying a loan after the first month.
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carlfebz2
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May 20, 2022, 08:22:27 PM |
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It will never be a smart decision if you take loans so you can invest. Though investing is a wise decision, but knowing you borrowed money for that, that makes it very unhealthy for an investor. However, if you have other sources to pay your debt and that they always generate an income, borrowing money may be somehow reasonable. But for a beginner who makes crypto as his first investment, then he should save for its funds first before he decide to take the risk in investing.
I agree that taking a loan to invest in cryptocurrency is very risky and carries huge risks. It makes sense to take a loan for a business that is established and brings a stable profit, and a loan is needed to scale up and increase capacity, wich will close this loan. And investment in cryptocurrency can be either unprofitable or long-term, and you need to start repaying a loan after the first month. Carries huge risk if you do rely yourself on your crypto investment on repaying those loans or borrowed money but if not then go ahead and do such action.The only problem you do really need to solved on taking loan is to repay on the right time and we know on how risky crypto investment is which it would really be that right for you to be mindful on making out such action considering the risk level. If you could see that you could pay it up without any problems then its your choice but it would be good idea that you shouldnt do as much as you could.
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Naficopa
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May 20, 2022, 10:41:17 PM |
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Carries huge risk if you do rely yourself on your crypto investment on repaying those loans or borrowed money but if not then go ahead and do such action.The only problem you do really need to solved on taking
loan is to repay on the right time and we know on how risky crypto investment is which it would really be that right for you to be mindful on making out such action considering the risk level.
If you could see that you could pay it up without any problems then its your choice but it would be good idea that you shouldnt do as much as you could.
We are so much busy about looking for investment opportunities and have invested on yourself almost none. HAving a good and comfortable lifestyle should be the priority not the wealth only.
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TelolettOm
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May 20, 2022, 10:48:24 PM |
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I agree that taking a loan to invest in cryptocurrency is very risky and carries huge risks. It makes sense to take a loan for a business that is established and brings a stable profit, and a loan is needed to scale up and increase capacity, wich will close this loan.
Yes, it is better to avoid taking a loan for any crypto investment. The nature of crypto investment is high risks, no guarantee to get profits. Although it offers an opportunity to get a higher profit, not every time and not every coin can bring profit for us. Sometimes we may get losses because of the market situation and the price move that can change significantly. So, it is not a safe place to use loan money. Regarding borrowing money for an established business in real life, it can be acceptable as long as the business is able to earn stable profits to repay the loan money.
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STT
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May 20, 2022, 11:06:38 PM |
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Crypto wouldnt give the yield vs the cost of the loan but its not a bad idea if you can reduce outgoings or achieve a reliable yield elsewhere in some way. The main thing is inflation creates instability and people get unexpected events that disrupt their liquidity vs the loan hence it can become a problem. Always have a backup plan to such ideas is best.
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Uang_kartal
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betfury
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May 20, 2022, 11:53:51 PM |
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Your way of thinking is correct, friend, you don't justify pushing yourself from what you have (borrowing) it is felt when the Fomo push makes you want to drain your balance for a promising sort term. And will make quick steps without thinking about side effects after that. I've experienced it, although it wasn't too big, but I had to cut loss because the owner of the funds needed it urgently. There I panicked looking for the remaining shortfall caused by bearish assets. Capital management with my own fiat money in my opinion is better even though predictions aren't always bullish at least cold money will read mental and predictions are more focused
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Sir Legend
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May 21, 2022, 02:07:16 AM |
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When high inflation occurs, of course, the need increases significantly, if we don't owe it it will be difficult to survive, but will we continue to be in debt and don't want to do anything? Of course not, if we continue to be in debt then we can go bankrupt so the best thing is to find a source of income and investment.
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bitzizzix
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May 21, 2022, 02:08:51 AM |
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My question is is there any bank willing to lend a very large amount of money for investment, and as far as I know if we want to borrow money from a bank or any loan mostly for business. And we also have to provide a business proposal and also a large guarantee according to the money lent, how do you make a proposal and convince the bank that you want to borrow large amounts of money that you will use to invest. think carefully because investing in crypto or anything with borrowed money is not guaranteed as expected, unless you have a lot of wealth with the reason you don't want to use it to invest because you will be forced to pay it with your wealth if your investment does not live up to expectations. and I personally prefer to sacrifice valuables such as a vehicle or a piece of land for me to sell and invest, and when inflation is high the price of land will definitely rise so there is no harm in taking that decision so you don't have to worry and stress with monthly installments if you borrow , and do it that way for the long haul.
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Joshapat
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May 21, 2022, 07:09:43 AM |
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I think loans are the last option if all things can not be done, it is better if we sell assets or pawn assets such as home or land, but the next thing is to use for productive things such as opening a new business or increasing capital, do not use loans for consumption because will make us unable to pay debts.
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Quidat
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May 21, 2022, 12:14:05 PM |
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I think loans are the last option if all things can not be done, it is better if we sell assets or pawn assets such as home or land, but the next thing is to use for productive things such as opening a new business or increasing capital, do not use loans for consumption because will make us unable to pay debts.
It should really be your last resort if you dont really have any options left specially when you are seeing some opportunity which is really hard to resist for you on not to make some action but if you could really still able to find way for you not to able to take some loan or able to avoid it as much as you could then do it because its totally different when you are really obliging yourself in paying on something but if you are really that capable on paying it on time then i dont see any problems but we know that not all the times where things turns out to be okay thats why always mind off with the risk.
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D ltr
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May 21, 2022, 02:33:36 PM |
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I agree with you, avoiding loans is the right attitude in the current inflationary period, I personally don't dare to speculate in terms of investment if you don't have more money it's too risky
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Xampeuu
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May 21, 2022, 02:48:49 PM |
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I think loans are the last option if all things can not be done, it is better if we sell assets or pawn assets such as home or land, but the next thing is to use for productive things such as opening a new business or increasing capital, do not use loans for consumption because will make us unable to pay debts.
Taking a loan is supposed to be for productive activities, but to invest or invest, you should already have extensive knowledge, because this carries a greater risk. just like when we invest in cryptocurrencies, of course high volatility becomes a big risk if it is not accompanied by adequate knowledge, as is the case when we open a business, of course targeting prospective business opportunities and according to our abilities
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ninis45
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May 21, 2022, 10:18:41 PM |
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all types of borrowing not because of an urgent need are not justified, especially for an investment that is very risky but I don't blame them for borrowing with a belief but it's appropriate to see their own ability to borrow so they don't fall into a curse.
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24Kt
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May 21, 2022, 11:43:48 PM |
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all types of borrowing not because of an urgent need are not justified, especially for an investment that is very risky but I don't blame them for borrowing with a belief but it's appropriate to see their own ability to borrow so they don't fall into a curse.
If they will resort to this route, they should know the possible repercussions of their action. Because they need to think of the possible worst scenario that may come like losing the money that they borrowed, and so what will happen next if they lost it? How can they pay the debt? Taking a loan is fine as long as you have other means of income that can supplement you in case something goes wrong with your venture. But if not, you will only go deep in debt and that will significantly affect your life like stress and other problems.
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Doan9269
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May 22, 2022, 05:31:15 AM |
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all types of borrowing not because of an urgent need are not justified, especially for an investment that is very risky but I don't blame them for borrowing with a belief but it's appropriate to see their own ability to borrow so they don't fall into a curse.
though it has been said repeatedly that taken a loan for an investment is not really advisable especially when an enterprises is at the early or start up stage, one can solicit for help in different ways or apply for grants but i wouldn't advise someone to engage on borrowing, we know the rate of how many businesses failed after a successful launch but lack the tenacity to be maintain, actually it's not about start a business with loan that matters but the sustainability of it on a long run.
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