og kush420
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June 11, 2022, 09:02:41 PM |
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We have high inflation right now and you have more then a hint why its still dangerous to take a loan. There is great upset and possible volatility and instability to the economy while that inflation takes place, not every person can be sure of repaying the loan so confidence is low. Low confidence across an entire economy leads to low growth feeding the problems that might be causing the inflation to begin with. There is no ideal isolated scenario for this, the study and theory of taking the loan is quite different from the reality unfortunately but its not incorrect still.
Do not invite trouble. Play safe. Loans are not the way to become rich again. How ever the hidden charges are sometime too hard to be back on the feet once again. Better be safe than sorry.
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livingfree
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June 11, 2022, 11:40:24 PM |
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Do not invite trouble. Play safe. Loans are not the way to become rich again.
On the other side, the loaner is the one that will be rich if the rates have increased. But honestly, who on Earth is looking to take loans and will think that he's going to get rich out of it? Well, maybe by taking loans and using it for business purposes, I guess that's the idea you're trying to convey. How ever the hidden charges are sometime too hard to be back on the feet once again. Better be safe than sorry.
Hidden or not, charges can't be skipped and that's given if you've taken a loan. That's how it goes and what I think about these loans is that if you're in need of cash and you're starting to prep yourself for the upcoming recession, you'll be needing cash and there could be people that will use it as their stored cash. Well, that's very much possible.
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Kimonoe
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June 12, 2022, 06:29:36 AM |
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We have high inflation right now and you have more then a hint why its still dangerous to take a loan. There is great upset and possible volatility and instability to the economy while that inflation takes place, not every person can be sure of repaying the loan so confidence is low. Low confidence across an entire economy leads to low growth feeding the problems that might be causing the inflation to begin with. There is no ideal isolated scenario for this, the study and theory of taking the loan is quite different from the reality unfortunately but its not incorrect still.
Do not invite trouble. Play safe. Loans are not the way to become rich again. How ever the hidden charges are sometime too hard to be back on the feet once again. Better be safe than sorry. Indeed, by relying on loans we have a double risk, considering that we will not know for sure market movements, plus we have dependents on our loans. therefore if you borrow to just gamble by relying on luck, then this is very unsafe. Many people have experienced frustration because of their expectations of getting a lot of money in a short time, while they only rely on luck
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Uang_kartal
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betfury
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June 12, 2022, 07:35:42 AM |
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~Snip~ On the other side, the loaner is the one that will be rich if the rates have increased. But honestly, who on Earth is looking to take loans and will think that he's going to get rich out of it? Well, maybe by taking loans and using it for business purposes, I guess that's the idea you're trying to convey.
true bro. I've heard that there are some people who do business lending money, he doesn't care for what and his abilities, the logic is simple if the consumption of funds in liquidity is not directed (try it) then where to return it to the owner. if for a capital and supporting business foundations, I think the reserve funds are legitimate and will be more useful. if crypto currency and everything in it is started by borrowing it will start a fire. Until now we don't know how long the market will recover. We can't stand cold funds anymore because it's been bearish for a long time.
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GelatikKembar
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The OGz Club
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June 12, 2022, 07:58:40 AM |
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We have high inflation right now and you have more then a hint why its still dangerous to take a loan. There is great upset and possible volatility and instability to the economy while that inflation takes place, not every person can be sure of repaying the loan so confidence is low. Low confidence across an entire economy leads to low growth feeding the problems that might be causing the inflation to begin with. There is no ideal isolated scenario for this, the study and theory of taking the loan is quite different from the reality unfortunately but its not incorrect still.
Do not invite trouble. Play safe. Loans are not the way to become rich again. How ever the hidden charges are sometime too hard to be back on the feet once again. Better be safe than sorry. Indeed, by relying on loans we have a double risk, considering that we will not know for sure market movements, plus we have dependents on our loans. therefore if you borrow to just gamble by relying on luck, then this is very unsafe. Many people have experienced frustration because of their expectations of getting a lot of money in a short time, while they only rely on luck Besides that, with the current bear market conditions, I don't think borrowing money to trade or invest is not the right decision, we must be wise in making decisions because if we make a little mistake then it will cost us money, but what is clear is that everyone has their own decisions and they must be responsible for it themselves
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og kush420
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June 12, 2022, 02:46:26 PM |
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i Besides that, with the current bear market conditions, I don't think borrowing money to trade or invest is not the right decision, we must be wise in making decisions because if we make a little mistake then it will cost us money, but what is clear is that everyone has their own decisions and they must be responsible for it themselves
Indeed I think twice before borrowing money. TO me having someone's money in my wallet seems to have burden on me. I want to invest and earn but with my money for which I am not answerable to anyone. That is the big freedome - I want to enjoy!
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Ziskinberg
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June 12, 2022, 08:24:13 PM |
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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?
If you have another sources that can generate an income, taking loans may give advantage to you like if you want to increase or widen your investments. The more investments you have, the higher the chances you will live a good and profitable life. But if you only want to take loans for your first time investment, most likely it would not work. There are still no guarantees that you will succeed on it so how would you repay the loan amount. Believe me, it will only give you a lot of headaches. Better save then invest. And only invest what you can afford to lose.
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carlfebz2
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June 12, 2022, 08:38:02 PM |
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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?
If you have another sources that can generate an income, taking loans may give advantage to you like if you want to increase or widen your investments. The more investments you have, the higher the chances you will live a good and profitable life. But if you only want to take loans for your first time investment, most likely it would not work. There are still no guarantees that you will succeed on it so how would you repay the loan amount. Believe me, it will only give you a lot of headaches. Better save then invest. And only invest what you can afford to lose. Another source of income would be the key because you wont really be able to pay those loans or debts if you do only rely with your crypto investment since we know that it wont really give out any assurance that you could make out profits on the right time and if you do depend on those gains then this is something that wont really be that effective yet we know that everything is unpredictable or cant be known. Taking loan for crypto investment is something a risky thing to be done but if you do see some opportunity and you could pay it out without any problems then i dont see any issues with it.
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lalabotax
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June 12, 2022, 09:31:49 PM |
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Do not invite trouble. Play safe. Loans are not the way to become rich again.
Sure. Taking a loan isn't the right way to be rich, I am sure everyone knows it. Having a loan probably makes us in a trouble because we may be difficult to pay the loan. But some people don't care about the risk and just take a loan confidently. They may think to pay the loan isn't something very hard because there should be many ways then. Even some people take a new loan to pay their previous loan. They don't know if it will be a big trouble in the future.
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EdenHazard
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June 12, 2022, 11:18:33 PM |
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Do not invite trouble. Play safe. Loans are not the way to become rich again.
Sure. Taking a loan isn't the right way to be rich, I am sure everyone knows it. Having a loan probably makes us in a trouble because we may be difficult to pay the loan. But some people don't care about the risk and just take a loan confidently. They may think to pay the loan isn't something very hard because there should be many ways then. Even some people take a new loan to pay their previous loan. They don't know if it will be a big trouble in the future. Well sometimes you need to take that high risk to get that high return... otherwise yeah you will just living a standard life , im not saying taking loan is the only way .. But hey let's see someone's success story , they always invite the third party to come in to invest , to take a loan just like elon musk who bought twitter with money that he loaned. High risk , high return... that's all .. the crisis like this could be an opportunity for the high risk taker.
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livingfree
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June 13, 2022, 06:35:17 AM |
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~Snip~ On the other side, the loaner is the one that will be rich if the rates have increased. But honestly, who on Earth is looking to take loans and will think that he's going to get rich out of it? Well, maybe by taking loans and using it for business purposes, I guess that's the idea you're trying to convey.
true bro. I've heard that there are some people who do business lending money, he doesn't care for what and his abilities, the logic is simple if the consumption of funds in liquidity is not directed (try it) then where to return it to the owner. if for a capital and supporting business foundations, I think the reserve funds are legitimate and will be more useful. if crypto currency and everything in it is started by borrowing it will start a fire. Until now we don't know how long the market will recover. We can't stand cold funds anymore because it's been bearish for a long time. I've got relatives that are into this business and became rich. We have read stories about people that have took a loan for the purpose of investing in the crypto market. Sadly, majority of those people have failed and we didn't want that to happen to them and for the others that will do the same thing. If it's about taking a loan for crypto, much better people shouldn't do it. But if you know what you will do very much, take the risk and take the consequence, positive or mostly negative.
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bitterguy28
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June 13, 2022, 07:38:08 AM |
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Do not invite trouble. Play safe. Loans are not the way to become rich again.
Sure. Taking a loan isn't the right way to be rich, I am sure everyone knows it. Having a loan probably makes us in a trouble because we may be difficult to pay the loan. But some people don't care about the risk and just take a loan confidently. They may think to pay the loan isn't something very hard because there should be many ways then. Even some people take a new loan to pay their previous loan. They don't know if it will be a big trouble in the future. Well sometimes you need to take that high risk to get that high return... otherwise yeah you will just living a standard life , im not saying taking loan is the only way .. But hey let's see someone's success story , they always invite the third party to come in to invest , to take a loan just like elon musk who bought twitter with money that he loaned. High risk , high return... that's all .. the crisis like this could be an opportunity for the high risk taker. It may be right but there is no assurance in crypto investment and dealing with this using our Loan money is really not that good idea for me. I have a friend back in 2017 who do the same and yes he used to earn but with His greed mind? he turns out as loser, and now I will neber apply the same thing for this matter, But of course if depend on how we wanted to do our dealings , though always remember that in volatile market? there is always a high risks.
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og kush420
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June 13, 2022, 01:06:07 PM |
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We have read stories about people that have took a loan for the purpose of investing in the crypto market. Sadly, majority of those people have failed and we didn't want that to happen to them and for the others that will do the same thing.
If it's about taking a loan for crypto, much better people shouldn't do it. But if you know what you will do very much, take the risk and take the consequence, positive or mostly negative.
since its a gambling too. There are many religious people who thing that this is not the fine way to earn money. And this crypto money is an easy money - there are so many factors involved which has made people realized that the easy money goes easy. So people are disheartened too.
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fullhdpixel
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June 13, 2022, 03:36:50 PM |
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In this stadium, we can say that people who took loans to invest in crypto are in profit! More specifically people who did that before 2020! It's a risky investment, I agree with that part, but if you believe in something if you plan to invest in the long run then it's a different story! Now it's a bearish period, and the price can drop more, who knows, to take advantage of "buy the deep" you will have to have money at the specific moment, if you don't have it I guess it's ok to take one that you will repay from your salary in a year or two, and you will have your investment for the future!
The same could be said in reverse for people who did it in 2021 though. Like if they got a loan and bought at 60k then they are in a big big loss right now, not only they will fail to pay their loan back, but they will also fail to make any profit at all as well. Remember, these people who take a loan, pays with interest back as well, so if it is a long term deal, then they would eventually have to spend that money on regular life stuff that they can't right now. Just to give an example, I need only 200 bucks to pay off my debt leftover, I paid everything else, and I am doing pretty well for myself, and the only payment I make right now is like 70 bucks a month, for another 3 months and I am done with it, and yet I am still not paying it full even if I can. Because, I want my cash with me to survive, that extra 140 bucks is needed to survive, and you are telling me people would pay it back in full if they profit or loss? Doubt so.
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virasisog
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June 13, 2022, 04:25:42 PM |
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We have read stories about people that have took a loan for the purpose of investing in the crypto market. Sadly, majority of those people have failed and we didn't want that to happen to them and for the others that will do the same thing.
If it's about taking a loan for crypto, much better people shouldn't do it. But if you know what you will do very much, take the risk and take the consequence, positive or mostly negative.
since its a gambling too. There are many religious people who thing that this is not a fine way to earn money. And this crypto money is easy - there are so many factors involved which have made people realize that easy money goes easy. So people are disheartened too. Gambling has its risk as well as crypto investment and it depends on how we're going to deal with those risks but we're digging into a worse situation if we will loan just to enter any of the two. We should know that there will be consequences if we will loan and won't pay our debts on time. I guess it would be better if we'll pick the risk that we could handle but loaning for crypto-investment isn't really a wise idea. Just save and use your own funds so you won't regret loaning if ever you fail in investing.
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Lanatsa
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June 13, 2022, 06:55:12 PM |
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We have read stories about people that have took a loan for the purpose of investing in the crypto market. Sadly, majority of those people have failed and we didn't want that to happen to them and for the others that will do the same thing.
If it's about taking a loan for crypto, much better people shouldn't do it. But if you know what you will do very much, take the risk and take the consequence, positive or mostly negative.
since its a gambling too. There are many religious people who thing that this is not a fine way to earn money. And this crypto money is easy - there are so many factors involved which have made people realize that easy money goes easy. So people are disheartened too. Gambling has its risk as well as crypto investment and it depends on how we're going to deal with those risks but we're digging into a worse situation if we will loan just to enter any of the two. We should know that there will be consequences if we will loan and won't pay our debts on time. I guess it would be better if we'll pick the risk that we could handle but loaning for crypto-investment isn't really a wise idea. Just save and use your own funds so you won't regret loaning if ever you fail in investing. Taking loan and make use of it in investment is much more better than on taking a loan just for the sake of gambling which i do see to be a dumb decision for someone to make considering the risk level would really be high and its not recommendable but there are some exemptions on some situations where you do need to take some action specially into times where opportunity like this example with the current market today where everything is really on deep reds where cheap coins are everywhere.If you do wait for some slump then this time would be the best ones for you to make out such step.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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EdenHazard
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June 13, 2022, 10:40:47 PM |
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Do not invite trouble. Play safe. Loans are not the way to become rich again.
Sure. Taking a loan isn't the right way to be rich, I am sure everyone knows it. Having a loan probably makes us in a trouble because we may be difficult to pay the loan. But some people don't care about the risk and just take a loan confidently. They may think to pay the loan isn't something very hard because there should be many ways then. Even some people take a new loan to pay their previous loan. They don't know if it will be a big trouble in the future. Well sometimes you need to take that high risk to get that high return... otherwise yeah you will just living a standard life , im not saying taking loan is the only way .. But hey let's see someone's success story , they always invite the third party to come in to invest , to take a loan just like elon musk who bought twitter with money that he loaned. High risk , high return... that's all .. the crisis like this could be an opportunity for the high risk taker. It may be right but there is no assurance in crypto investment and dealing with this using our Loan money is really not that good idea for me. I have a friend back in 2017 who do the same and yes he used to earn but with His greed mind? he turns out as loser, and now I will neber apply the same thing for this matter, But of course if depend on how we wanted to do our dealings , though always remember that in volatile market? there is always a high risks. Actually if you are newcomer and have not the experience doing the crypto investment at all .. then it's a total disaster. At least you need to bei experienced for a couple years knowing the up and downs .. the exceptional feeling on getting a huge profit .. the misery on falling apart overnight etc then you will have a better sights on how crypto investment should be done with the money you get from a loan. Not really good idea but yeah the best way to get rich for the risk taker.
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Zanab247
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June 14, 2022, 05:44:21 PM |
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We have high inflation right now and you have more then a hint why its still dangerous to take a loan. There is great upset and possible volatility and instability to the economy while that inflation takes place, not every person can be sure of repaying the loan so confidence is low. Low confidence across an entire economy leads to low growth feeding the problems that might be causing the inflation to begin with. There is no ideal isolated scenario for this, the study and theory of taking the loan is quite different from the reality unfortunately but its not incorrect still.
I don't think, it is good for anyone to take a loan to invest in crypto investment in this period of higher inflation because it will be very difficult for such person to recover the money back from his or her investment, because crypto market is unpredictable, it can increase today and dump tomorrow. Since the inflation is everywhere, i think is not advisable for anyone to demand for loan either from bank or company because it will be difficult for the person to pay back the loan based on higher inflation that is disturbing the world economy.
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Hamphser
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Vave.com - Crypto Casino
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June 14, 2022, 08:47:56 PM |
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We have high inflation right now and you have more then a hint why its still dangerous to take a loan. There is great upset and possible volatility and instability to the economy while that inflation takes place, not every person can be sure of repaying the loan so confidence is low. Low confidence across an entire economy leads to low growth feeding the problems that might be causing the inflation to begin with. There is no ideal isolated scenario for this, the study and theory of taking the loan is quite different from the reality unfortunately but its not incorrect still.
I don't think, it is good for anyone to take a loan to invest in crypto investment in this period of higher inflation because it will be very difficult for such person to recover the money back from his or her investment, because crypto market is unpredictable, it can increase today and dump tomorrow. Since the inflation is everywhere, i think is not advisable for anyone to demand for loan either from bank or company because it will be difficult for the person to pay back the loan based on higher inflation that is disturbing the world economy. Paying back would really be your primary concern whenever you do took some loan but if you could do this via other sources of income then go ahead and proceed but if you are relying with crypto investment profits then you are in great trouble because there's no assurance that it would really be having some gaining momentum or bullish moment which does simply imply that your investment will depending on how the market moves and thats why its never been ideal on taking some loan on a market which is unpredictable. Invest if you do see to be worth but of course you should be mindful about with the corresponding risk so that you wont really be shocking out yourself if you do face up volatility issues.
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paxmao
Legendary
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Activity: 2310
Merit: 1598
Do not die for Putin
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June 14, 2022, 10:20:30 PM |
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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?
Debt is debt. What I mean is that no matter how you take debt, it will always put you under an obligation. That needs to be managed by taking the right amount, from the right lenders and for the right time and interest rate. A completely different matter is the technical effect of inflation, which is very beneficial for the debtor, as long as the income that serves the debt increases with inflation (typically salaries, rents, ...), but careful if used to buy bitcoin, shares or bonds!
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