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Author Topic: do not invest in crypto from loans.  (Read 1057 times)
Issa56
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February 09, 2023, 08:16:29 PM
 #81

I think their is actually no problem if a newbie wants to take loan and purchase bitcoin for a long term investment. Why? Being exposed to this forum can make even a newbie an expert in no time especially if he is truly here to learn, the varse knowledge the forum provides is always enough for serious newcomers who are willing to learn to fully equpt themselves on the basic knowledge on how a bitcoin investment works. You can acquire a long term loan with low interest rate you can be able to pay back for such motives.
Let's be honest with each other, as a newbie even if you are in the forum and you are ready to learn, I won't still advice any newbie to take loan to invest, you can't join the forum and learn everything within a short period of time, even high rank members in the forum are still learning, as a newbie it will be kind of difficult for them to just keep on looking at their money reducing after investing, and the funniest part is the money those not even belong to them, some might definitely panic and sell at lose. If you are investing in bitcoin, always invest any amount you can afford to lose.

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February 09, 2023, 08:31:21 PM
 #82

I think their is actually no problem if a newbie wants to take loan and purchase bitcoin for a long term investment. Why? Being exposed to this forum can make even a newbie an expert in no time especially if he is truly here to learn, the varse knowledge the forum provides is always enough for serious newcomers who are willing to learn to fully equpt themselves on the basic knowledge on how a bitcoin investment works. You can acquire a long term loan with low interest rate you can be able to pay back for such motives.
Let's be honest with each other, as a newbie even if you are in the forum and you are ready to learn, I won't still advice any newbie to take loan to invest, you can't join the forum and learn everything within a short period of time, even high rank members in the forum are still learning, as a newbie it will be kind of difficult for them to just keep on looking at their money reducing after investing, and the funniest part is the money those not even belong to them, some might definitely panic and sell at lose. If you are investing in bitcoin, always invest any amount you can afford to lose.
Yes I agreed with you. If a newbie eventually invest with a borrowed money that's means he's about to get huge loses in the market. I don't think a newbie can have the mind to invest with a borrowed money. But most gambler can do such thing. What am trying to say is that if the newbies wasn't a gambler I don't think he/she might have the mind to invest with a borrowed money. It's only a gambler who can invest with a borrowed money. But of a truth it isn't advisable to invest on Bitcoin or any coin with a borrowed.
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February 09, 2023, 10:25:32 PM
 #83

Yes I agreed with you. If a newbie eventually invest with a borrowed money that's means he's about to get huge loses in the market.
Losses would only be proportional to him depending on how much his investment was worth, meanwhile he would not accept any losses as long as he did not sell them low. But I think only freedom and responsibility will encourage him to make decisions that will most likely cost him if he can't repay the loan on time.

I don't think a newbie can have the mind to invest with a borrowed money.
In some cases, you can. For example, if you expect your salary to pay off loan, while you loan to buy low.

But of a truth it isn't advisable to invest on Bitcoin or any coin with a borrowed.
Of course not, but some people on a regular salary can do it if necessary, but beginners are not recommended.

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February 09, 2023, 10:27:18 PM
 #84

Taking a loan itself is a risk, especially for people who are not sure they will repay. Investing in crypto is another big risk also. So using loan to invest in crypto is two different risks and it is only a renowned risk taker that will be able to take a loan, invest in crypto and still not pannick.
For me that is a big stress but to others it might not be as stressful and scary idea as it appears to me.

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February 09, 2023, 11:53:55 PM
 #85

Taking a loan itself is a risk, especially for people who are not sure they will repay. Investing in crypto is another big risk also. So using loan to invest in crypto is two different risks and it is only a renowned risk taker that will be able to take a loan, invest in crypto and still not pannick.
For me that is a big stress but to others it might not be as stressful and scary idea as it appears to me.
Investing from borrowed money will face two risks and no one even dares to invest from a loan, you will not focus on investing using a loan and will not reach the profit target if it is for short-term trading, so if the market changes direction again it drops significantly then it is a big risk wait for him and he will not be able to pay off the loan on time.

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February 10, 2023, 10:32:53 PM
 #86

Taking a loan itself is a risk, especially for people who are not sure they will repay. Investing in crypto is another big risk also. So using loan to invest in crypto is two different risks and it is only a renowned risk taker that will be able to take a loan, invest in crypto and still not pannick.
For me that is a big stress but to others it might not be as stressful and scary idea as it appears to me.
Investing from borrowed money will face two risks and no one even dares to invest from a loan, you will not focus on investing using a loan and will not reach the profit target if it is for short-term trading, so if the market changes direction again it drops significantly then it is a big risk wait for him and he will not be able to pay off the loan on time.
it is advised not to invest in cryptocurrency with a borrowed money or money taken as a loan from financial institution but this does not mean that people do not prosper when they borrow money to trade cryptocurrency. There are many factors that will determine the success of he who borrows money to invest in cryptocurrency. One of those factors is that the person must be an experienced and a professional trader who manages his finance, risk and control his emotion in trading

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February 10, 2023, 11:48:17 PM
 #87

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

Oh Yes! Using loan money to invest in cryptocurrency is a first step toward risking losing all of your assets; this violates one of the most important rules 'a disclaimer' one should follow when investing in cryptocurrency. They always say that you should only invest what you can afford to lose. That is, you should be mentally prepared for whatever the outcome of your investment will be. Using money from loans is a form of inward suicide because it can affect your natural well-being and cause you to do things that endanger your overall well-being.

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February 11, 2023, 06:29:11 AM
 #88

In my honest view, it is preferable and less risky to invest in assets such as equities and bonds, which are known to be less risky. They have the ability to deliver a more reasonable return on investment than to lend money for crypto investments. Assume you've taken out a loan to invest in bitcoin. What if the price declines and the investment loses value? What occurs now is that you are liable for repaying the loan regardless of the profitability of your investment. Are you going to be satisfied with that?

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February 11, 2023, 10:56:44 AM
 #89

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?
The general rule for cryptocurrency investment is that you should not invest money that you cannot afford to lose; and, in all aspects, a loan or borrowed money is money that one cannot afford to lose because he or she must repay the money to the original owner.

I'm not sure why some people are forcing themselves to get involved in crypto trading even if they don't have their own capital to start the investment, and some of them go straight to start investing in some hype sheet-coins thinking they will get their money doubled or tripled in a short period of time, which is completely incorrect. Bitcoin investment is a good investment but try and acquire basic knowledge about it before starting your investment.

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February 11, 2023, 03:05:04 PM
 #90

In my honest view, it is preferable and less risky to invest in assets such as equities and bonds, which are known to be less risky. They have the ability to deliver a more reasonable return on investment than to lend money for crypto investments. Assume you've taken out a loan to invest in bitcoin. What if the price declines and the investment loses value? What occurs now is that you are liable for repaying the loan regardless of the profitability of your investment. Are you going to be satisfied with that?
The same can be said about investing in shares, and although the volatility will not be so high, but you are also not immune from the fact that the price of shares may fall, you will need to repay the loan. If we are talking about bonds, then the income on them will be significantly lower than the repayments that we will need to make on the loan. Credit for buying cryptocurrencies is no better, so I would not consider this option.

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February 11, 2023, 07:56:02 PM
Last edit: February 11, 2023, 10:11:31 PM by SOKO-DEKE
 #91

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

Op I agree that borrowing money to invest in cryptocurrencies is never a good idea. In reality, how can you obtain a loan and invest the money in cryptocurrency when you are aware that it is not 95% reliable? It holds the opinion that anything can happen in the cryptocurrency business, including price changes and someone  can even lose all money if wallet is  not properly secured.

According to my own observations, a large portion of those who take out loans to invest in cryptocurrencies are those who lack information about the technology and mistakenly assume that  they can easily make quickly money from there

No cryptocurrency specialist, in my opinion, would advise someone to take out a loan and invest in cryptocurrencies. In other words, only invest money that you can afford to lose.


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February 11, 2023, 11:15:16 PM
 #92

According to my own observations, a large portion of those who take out loans to invest in cryptocurrencies are those who lack information about the technology and mistakenly assume that  they can easily make quickly money from there

No cryptocurrency specialist, in my opinion, would advise someone to take out a loan and invest in cryptocurrencies. In other words, only invest money that you can afford to lose.
Generally, beginners want to get rich instantly from crypto investments without considering the risk of loss and paying off loans from very high interest, so it's certain they can't afford to lose the value of their investment, investing from loans is not feasible for long-term investments because you pay off the loan on time if you don't want to in fines.

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February 12, 2023, 11:02:02 AM
 #93

I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

With the little information I've gotten so far about cryptocurrency and trading, one should invest what he can afford to lose. Imagine investing with loan and at the end of the day you lost out, what will you do?
For me it's not a good idea.
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February 12, 2023, 06:33:36 PM
 #94

The only platform I'll advice people to invest with their full cheat is Bitcoin.. If possible you too tey and reach out others to invest their Capitals in bitcoin. So my dear brother if you or someone you know wants to invest in crypto then you should advise him or her to do so in bitcoin,

The fact is that bitcoin does not give such chances of quick benefits as altcoins. Sometimes it can show good growth in a short period, but altcoins will usually make three such spurts. The question is to guess when this jump will be. And the loan will not tolerate repayment after too long a period of time, it is more profitable to give it as soon as possible.

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February 12, 2023, 11:45:46 PM
 #95

Investing with borrowing is never a good idea. Ever since you took out the loan, your loan amount will continue to grow. Suppose you have taken a loan of 100k money with 10% interest. Then every week you have to pay 1k money. If you take 100k money  then you have to pay extra 1k money per week. Thus you have to pay until you can repay the money. So if you take a loan and invest with that money and if you lose in that investment then how will your position be? So I would like to say that none of you should take loans and invest. To invest you must invest with your own money. Otherwise put your investment on hold.
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February 13, 2023, 12:37:30 AM
 #96

Whoever invested in crypto with loan money what's he up to? Is he trying to be bedridden with the shock of his life? Although some people can be funny at times, taking the wrong step in their crypto investment.

Due to the volatile nature of the cryptocurrency market, taking out a loan to invest in a cryptocurrency is initially not a good idea.

Loaning money, in my opinion, is only acceptable when the market is about to enter a bull run. Like you invested in 2024 (the bull season), knowing that before the bull season ended, you have made money to repay the loan money and that as a result, you make a lot of money from your cryptocurrency investment.

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February 13, 2023, 03:16:15 AM
 #97

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?
It's not really a good idea to invest using a borrowed money because the outcome is uncertain. However, if you have other source of income to cover the losses and pay the loan just incase everything didn't turned out well then it's up to you if you're willing to take risk. This is solely for investors who have a back up plan, aware of the risk and prepared for the worse case that might happen.

In addition, don't also invest if you have no idea of what you're getting into and just decided to engage yourself just because you want to copy what others are doing. In every investment, having a knowledge is important, so don't just blindly invest.

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February 13, 2023, 10:47:57 AM
 #98

...Suppose you have taken a loan of 100k money with 10% interest. Then every week you have to pay 1k money. If you take 100k money  then you have to pay extra 1k money per week. ..

You need to pay more attention to mathematics, otherwise you won't be able to calculate your profit correctly)) 10% per annum from 100 thousand dollars means that you will pay 10 thousand dollars as interest for the year. And given the fact that there are 52 weeks in a year, then you should divide these 10 thousand dollars into 52 weeks and it turns out that you will need to pay $ 192 per week as interest on the loan.

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February 13, 2023, 11:04:12 AM
 #99

It's not really a good idea to invest using a borrowed money because the outcome is uncertain. However, if you have other source of income to cover the losses and pay the loan just incase everything didn't turned out well then it's up to you if you're willing to take risk. This is solely for investors who have a back up plan, aware of the risk and prepared for the worse case that might happen.


I would say like you. Completely banning crypto investment/trading through debt is not entirely correct. Because I have been in debt first in trading. Lucky I've returned that within a year. But there is a note that we must understand that it is better to invest using the free money you have. Investments in the form of debt will increase the burden on you. But if you already have good management skills, go for it.

I used to be in debt for trading because I felt confident in my abilities and it worked. I used to go into debt and bought BTC around 2016 and from that money I got 0.36BTC. After that I can accumulate more than that and return the debt.

R


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February 14, 2023, 12:18:28 AM
 #100

I also think that I am a beginner that it is not very good to invest in crypto from loans.
because investing in crypto is not necessarily profitable because investment in crypto is very high risk.

but your topic is very good and has many benefits, especially for beginners like me.
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