Naficopa
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 22, 2022, 03:04:59 PM |
|
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. I like what is stated above that all type of borrowing that is not urgent is not justified. I run a small business and I don't earn much - but I fulfill my needs and I am happy with what I have - less is more. Unnecessary borrowing is not appreciated.
|
|
|
|
Spontaneous
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 130
Merit: 28
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 22, 2022, 10:08:21 PM |
|
Thanks for this topic it gives me some knowledge that I can use it to loan or invest and I will share other or my friend on what I've learned and making the right decisions in investing and taking loan. Cause I believe making this i start it's really hard son since there's a guide we can able to encounter any conflict or failure.
|
|
|
|
boris singer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 22, 2022, 10:54:36 PM |
|
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. Regardless of anything, borrowing money is indeed for some people this is normal and when that person is sure and knows what he or she is going to do, it's not wrong for them to borrow money because regardless of anything, I've even done a lot of things like this in various circles, but it's true. provided they are able to operate and have a clear and not vague plan. But when things like this are still unclear, then why take the risk by borrowing money because this will most likely only make things more complicated for yourself.
|
|
|
|
Wawa2013
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 22, 2022, 10:57:32 PM |
|
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. I like what is stated above that all type of borrowing that is not urgent is not justified. I run a small business and I don't earn much - but I fulfill my needs and I am happy with what I have - less is more. Unnecessary borrowing is not appreciated. It's true that we should borrow money only for urgent needs, if borrowing money for investment or fulfilling a lifestyle seems to be avoided. Sometimes it's greed that makes us take bold decisions to borrow money, then we borrow money that sometimes doesn't plan properly regarding the payment of the loan installments. So I often find people around me who borrow money from banks for business capital and end up having problems not long after. Because the business he does can provide enough profit to meet daily needs and pay off debt installments. In the end, borrowing money only makes it more difficult for a person to life. I prefer people who run a business like you, even if your income is not large, but all your needs can be met without the need for debt. In the end we must be able to control our greed, so that we can be more grateful for what we have now.
|
|
|
|
Viscore
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 22, 2022, 11:56:07 PM |
|
Today I had a meeting with a friend of mine who teaches economics at university. He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate. On one side of this theory, we usually suggest people never invest money that they can't afford to lose and don't invest the money that does not belong to them for many reasons. These are golden tips and useful in any market. But the question is what if you do not own enough money for investing? can you take a loan and invest? Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable. Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
Honestly, i won't suggest to a newbie or any person who plans to take loans just for an investment. Whether its crypto or not, taking loans will never guarantee profits. It may fall in the opposite direction in most cases and see you broke in the end. Although crypto can beat hyper inflation, but investing in it from a wrong option will never end into success and profits, but more on seeing you doomed and losing your funds.
|
| CHIPS.GG | | | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀░▄░▀▀▀▀▀░▄░▀███▄ ▄███░▄▀░░░░░░░░░▀▄░███▄ ▄███░▄░░░▄█████▄░░░▄░███▄ ███░▄▀░░░███████░░░▀▄░███ ███░█░░░▀▀▀▀▀░░░▀░░░█░███ ███░▀▄░▄▀░▄██▄▄░▀▄░▄▀░███ ▀███░▀░▀▄██▀░▀██▄▀░▀░███▀ ▀███░▀▄░░░░░░░░░▄▀░███▀ ▀███▄░▀░▄▄▄▄▄░▀░▄███▀ ▀████▄▄▄▄▄▄▄████▀ █████████████████████████ | | ▄▄███████▄▄ ▄███████████████▄ ▄█▀▀▀▄█████████▄▀▀▀█▄ ▄██████▀▄█▄▄▄█▄▀██████▄ ▄████████▄█████▄████████▄ ████████▄███████▄████████ ███████▄█████████▄███████ ███▄▄▀▀█▀▀█████▀▀█▀▀▄▄███ ▀█████████▀▀██▀█████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀████▄▄███▄▄████▀ ████████████████████████ | | 3000+ UNIQUE GAMES | | | 12+ CURRENCIES ACCEPTED | | | VIP REWARD PROGRAM | | ◥ | Play Now |
|
|
|
lienfaye
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 23, 2022, 01:32:51 AM |
|
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.
True. Its not really advisable to borrow if not for urgent needs like for emergency situation. However we dont know what other people has been going through or whats their capability to take loan to use for investing. Regardless of the type of your investment that you'll be entering in, as long as you're confident to pay the debt on time or has other resources to fill the loan incase something went wrong in your investment, then its on your own discretion. But as much as possible dont take loan to invest, much better to save then invest.
|
|
|
|
og kush420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 23, 2022, 11:50:43 AM |
|
my bad experience investing in Bitcoin using borrowed money from banks, which I won't make the same mistake in the future.
My dad has made a very stricket advice to us - and he always kept reminding us - don't borrow money from - Never EVER! He aslo made a mistake of borrowing money - since he was not a finance - it took almost half of his life to payoff the debt. We always keep that in mind and dont borrow money - unless urgent.
|
|
|
|
South Park
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2022, 06:05:58 AM |
|
my bad experience investing in Bitcoin using borrowed money from banks, which I won't make the same mistake in the future.
My dad has made a very stricket advice to us - and he always kept reminding us - don't borrow money from - Never EVER! He aslo made a mistake of borrowing money - since he was not a finance - it took almost half of his life to payoff the debt. We always keep that in mind and dont borrow money - unless urgent. Getting a loan is sometimes inevitable as very few people have the money to pay for a house or a car with cash, however I do think that in this age people ask for loans for almost any reason and this is one of the reasons why they cannot escape the rat race, so avoiding loans as much as possible is a good thing and they should only be used when absolutely necessary, which is why I do not really like that people use leverage, which is nothing more but asking for a loan to buy more of the asset they want, as they are multiplying their risk many times over and this means they can lose a great deal of money if they make a single mistake when they trade, something that is quite common.
|
|
|
|
Poker Player
Legendary
Offline
Activity: 1498
Merit: 2168
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2022, 06:16:10 AM |
|
Today I had a meeting with a friend of mine who teaches economics at university. He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate. On one side of this theory, we usually suggest people never invest money that they can't afford to lose and don't invest the money that does not belong to them for many reasons. These are golden tips and useful in any market. But the question is what if you do not own enough money for investing? can you take a loan and invest? Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable. Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
I think the same. Mathematically it's one thing but when we take psychology into account it's another. The logic is: if inflation is at 8% and I get a loan at 4% I am making money, but there are many other factors to take into account, such as risk, that inflation can vary downwards, etc. That's why Kiyosaki's method works for far fewer people than Dave Ramsey's, because being debt free gives you a peace of mind that being in debt does not, and all economic choices are influenced by your psychology.
|
|
|
|
ninis45
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2022, 10:24:28 PM |
|
I think the same. Mathematically it's one thing but when we take psychology into account it's another.
The logic is: if inflation is at 8% and I get a loan at 4% I am making money, but there are many other factors to take into account, such as risk, that inflation can vary downwards, etc. That's why Kiyosaki's method works for far fewer people than Dave Ramsey's, because being debt free gives you a peace of mind that being in debt does not, and all economic choices are influenced by your psychology.
basically someone dares to make a breakthrough because of some theories and experiences that have successfully done it several times so that he dares to take a loan, it's just that as you say he will get worried biologically and emotionally so that not infrequently they end tragically. debt free gives you peace of mind
|
|
|
|
Semar Mesem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 25, 2022, 06:14:47 AM |
|
Taking a loan, of course, is only temporary, we cannot continue to rely on loans for our daily needs, and in my opinion the loans we can do are for business purposes, if we take a loan for the necessities of life then we will go bankrupt and assets will be sold to pay debts.
|
.
.
.
|
|
|
doomloop
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 25, 2022, 04:15:52 PM |
|
Getting a loan is sometimes inevitable as very few people have the money to pay for a house or a car with cash, however I do think that in this age people ask for loans for almost any reason and this is one of the reasons why they cannot escape the rat race, so avoiding loans as much as possible is a good thing and they should only be used when absolutely necessary, which is why I do not really like that people use leverage, which is nothing more but asking for a loan to buy more of the asset they want, as they are multiplying their risk many times over and this means they can lose a great deal of money if they make a single mistake when they trade, something that is quite common.
Maybe that is the definition of necessary or urgent for them. They take loans because they don't have any money in their pockets. They will then use the borrowed money on their risky crypto activities, while for us, urgent and necessary would mean that if we or the people we love are hospitalized and our own savings is not enough to support them. I think this reason is more valid in my opinion, I support this more, than to the first scenario. Another thing that people can do to avoid taking loans is to be contended living on a much simpler life. They don't need to take a loan only to have a car or to have a good house because those things are not really that important.
|
|
|
|
carlfebz2
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 25, 2022, 11:46:20 PM |
|
Taking a loan, of course, is only temporary, we cannot continue to rely on loans for our daily needs, and in my opinion the loans we can do are for business purposes, if we take a loan for the necessities of life then we will go bankrupt and assets will be sold to pay debts.
This should really be your main concern which you should be minding off that never ever took a loan for the sake of necessity,needs or wants which would really be fucking you up later on on the time that you would need to repay those interest or money borrowed unless if you do have some other source of income then it would really be just fine but if not then better avoid it as much as you could. You could make out some savings and then make out some investment later on if you had accumulated or saved for long.
|
|
|
|
FanEagle
Legendary
Offline
Activity: 2982
Merit: 1129
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 06:34:23 AM |
|
I have a friend who just bought a house, spent about 20k on the house upfront, and took about 45k loan and bought the house. Let's see what happens, inflation is huge in my nation and interest rates are insane, but he could still make a good amount of profit in the long run because the house could worth a lot more. I also had a friend who bought a house for around 50k back in the day, about 4 years or so ago, and now his house worths nearly 300k, inflation is THAT high in my nation.
So, if the same thing happens to this new one, I may actually start looking at selling something I have and buying a house, because it does make people richer. Loans require basically nothing, specially if it's fixed rate, compared to high inflation.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
awik p
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1526
Merit: 111
Pepemo.vip
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 08:23:41 AM |
|
Taking a loan, of course, is only temporary, we cannot continue to rely on loans for our daily needs, and in my opinion the loans we can do are for business purposes, if we take a loan for the necessities of life then we will go bankrupt and assets will be sold to pay debts.
Taking a loan for a business also has to be very careful, let alone taking a loan for long-term investment, so we have to go through careful calculations, because every month we have to repay the loan, and when it comes to investing in cryptocurrencies, we don't know if the bear market will last long. or not, therefore it must be done with careful calculations
|
|
|
|
Dhaniii
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 728
Merit: 100
https://i.imgur.com/hgxNNiA.png
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 03:08:34 PM |
|
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. If you just take a loan to invest it on cryptocurrency then this bad idea you made because especially at this moment we are in bearish season and we don't know the out come on every market movements so if you buy some these days then the price of major coins dump then there's nothing will happen and you will sink in debt. Maybe take loan if you really need it especially by using it on your daily needs or other 100% sure profitable things. for me taking a loan to invest in crypto is very good but the current time because the crypto market is in a bearish condition. indirectly for the time being can not make a profit from our investment, while the loan continues to mature and must be repaid immediately. Isn't that condition can make us stressed unless you have a reserve of funds to cover the loan due.
|
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 04:21:43 PM |
|
I find it extremely risky at the moment. Due to the increasing living costs, there's a risk of a decreased income in the long-term. For instance, I bought a motorcycle a month ago, using my credit card with 12 interest free installments. While I'm receiving approximately the same amount of money per month, my available income has severely shrunk, due to inflation.
If it's for investment purposes, I'd first make sure that I have a decent allowance per month, enough to cover the monthly dose and an extra 20% for safety reasons.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Renampun
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 05:29:02 PM |
|
... But the question is what if you do not own enough money for investing? can you take a loan and invest? ...
I will certainly take out a loan to buy more Bitcoins when the market experiences inflation... Of course this is a very big risk, but that doesn't mean it's a bad idea either (taking loan to buy investment assets). I once worked in a restaurant and the restaurant owner often took loans to the bank, he said "that opportunity only happens once, why not try it even though it's risky".
|
|
|
|
Silberman
Legendary
Offline
Activity: 2632
Merit: 1360
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 05:52:10 PM |
|
... But the question is what if you do not own enough money for investing? can you take a loan and invest? ...
I will certainly take out a loan to buy more Bitcoins when the market experiences inflation... Of course this is a very big risk, but that doesn't mean it's a bad idea either (taking loan to buy investment assets). I once worked in a restaurant and the restaurant owner often took loans to the bank, he said "that opportunity only happens once, why not try it even though it's risky". The issue is that while the loaned money could be the same, the use that you will give to it is different, if you invest that money in a business that is producing profits already then you can increase your profits and pay the loan, when it comes to bitcoin you have no control at all of what the market does, and this means that the interest could become so high that even if the price eventually went up you will earn nothing, so I do not think this is a good idea.
|
|
|
|
monineklutak
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1890
Merit: 252
The OGz Club
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2022, 07:09:58 PM |
|
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. If you just take a loan to invest it on cryptocurrency then this bad idea you made because especially at this moment we are in bearish season and we don't know the out come on every market movements so if you buy some these days then the price of major coins dump then there's nothing will happen and you will sink in debt. Maybe take loan if you really need it especially by using it on your daily needs or other 100% sure profitable things. for me taking a loan to invest in crypto is very good but the current time because the crypto market is in a bearish condition. indirectly for the time being can not make a profit from our investment, while the loan continues to mature and must be repaid immediately. Isn't that condition can make us stressed unless you have a reserve of funds to cover the loan due. It's true that taking a loan to invest certainly doesn't hurt, but on the other hand we also need to consider the right time to take the loan, and if you look at the current state of crypto where the market is still down for me this is not the right time and I agree it can be stressful for us, but it all depends on everyone's consideration
|
|
|
|
|