Should I Get a Loan?

[tvplus006]

...However, like OP, who wants to take a loan at a high interest rate, it will never be safe for him, no matter how expert he is in trading. One should always trade with his own money or invest in a high volatile asset....

The only obvious thing is that the OP is not an expert in trading. Otherwise, he would have enough capital so that there would be no desire to borrow at such a high interest rate. And since he has not been able to make money trading before, it can be assumed that he will also lose the money he will borrow.

[Mahanton]

...However, like OP, who wants to take a loan at a high interest rate, it will never be safe for him, no matter how expert he is in trading. One should always trade with his own money or invest in a high volatile asset....

The only obvious thing is that the OP is not an expert in trading. Otherwise, he would have enough capital so that there would be no desire to borrow at such a high interest rate. And since he has not been able to make money trading before, it can be assumed that he will also lose the money he will borrow.

Or simply making up some outright decisions just because you have some someone that making up some good money with trading or investing into crypto but you havent been able to check about the risks involved into it. Good thing is that you do made out some questions on a public forum in regarding about the situation on which it isnt a bad action either but if you do just simply make use of your own common sense then actually its not that really hard to find out on what are the viable things that you do need up to do because if you do saw that about on crypto volatility and sees out that you dont have any other income source that could patch up with those loan amount but instead only on your crypto investment or dealing then you would definitely be able to hesitate and wont be pushing through into this venture since it is that very risky, not unless if you can be able to repay without depending into your crypto investment then its fine but if you are doing the other way around then it will be that totally a risky move that you would be doing. Instead on earning, you would be rather losing up money and thats really an unfortunate thing for you or simply this is that just part of the risks. It is just sometimes that people do get blinded with greed because of what they are seeing online, specially with those big gains without even trying to look at into the high risks on which it do implies. If you arent that good when it comes into this then it will be that resulting into that possible devastation towards your finances and could resulted out with that unfortunate conditions on which you might be having that huge regret in the end of the line.

[arwin100]

...However, like OP, who wants to take a loan at a high interest rate, it will never be safe for him, no matter how expert he is in trading. One should always trade with his own money or invest in a high volatile asset....

The only obvious thing is that the OP is not an expert in trading. Otherwise, he would have enough capital so that there would be no desire to borrow at such a high interest rate. And since he has not been able to make money trading before, it can be assumed that he will also lose the money he will borrow.

That's the reason why its so risky to try those plans he want to make since by taking lose it double down the risk especially that the need to pay the interest plus what he plan to do is not giving any assurance that he's so sure to get a profit from it.

This is why its better not to borrow money if they are just planning to trade their bitcoin.

But if they are for holding their bitcoin and more plan to add more volume in their portfolio then deciding to borrow money is not actually wrong in that case.

[laijsica]

...However, like OP, who wants to take a loan at a high interest rate, it will never be safe for him, no matter how expert he is in trading. One should always trade with his own money or invest in a high volatile asset....

The only obvious thing is that the OP is not an expert in trading. Otherwise, he would have enough capital so that there would be no desire to borrow at such a high interest rate. And since he has not been able to make money trading before, it can be assumed that he will also lose the money he will borrow.

That's the reason why its so risky to try those plans he want to make since by taking lose it double down the risk especially that the need to pay the interest plus what he plan to do is not giving any assurance that he's so sure to get a profit from it.

This is why its better not to borrow money if they are just planning to trade their bitcoin.

But if they are for holding their bitcoin and more plan to add more volume in their portfolio then deciding to borrow money is not actually wrong in that case.

You should not exclude Bitcoin from the list of risks. You may be investing by borrowing but it is important to remember that volatile assets can sometimes reach the bottom of our imagination. Especially when you pay high interest rates, it will create a painful situation for you and your life will become terrible. If I give an example, a close friend of mine borrowed money from the bank to invest in the capital market and was pushing all the money but within a few weeks his capital started decreasing and unfortunately the recession is still going on. As his capital was decreasing, the amount of money he was supposed to save from his discretionary income is going away for years by paying interest. This is a shining example of investing with borrowed money. I think that investing with borrowed money is a very wrong idea.