Post
Topic
Board Altcoin Discussion
Re: Taking a loan to invest in cryptocurrencies?
by
aencarnaci
on 12/12/2017, 11:47:26 UTC
I am considering taking a loan to buy btc and eth, is it a good idea? Because btc and eth always go up in long term. They never die. There seems to be a great chance of getting huge profit instead of losing money. A few years ago somebody in this forum asked others the same question and everyone told him not to do that, look at the price now. If that guy did, he would have been rich now. Nowadays the situation is not different, the price will continue to go up. I think people who invest more will earn more profit eventually. What do you think?
It depends on where you are going to take the loan, if you are going to take some exchange, be very careful not to turn it into a snowball, I have already seen some users here in the forum who took loans and simply could not pay later, making their debt grow every day more. If you take the bank, keep an eye too because many banks charge 2% to 10% a month on loans.

Something interesting to do and sell some good and invest in the currency, so the profit you have will not need to split with the bank or any guarantor you choose.