Quote from: Chuky92 on Today at 02:21:11 PM

Quote from: Sourhearrt on June 11, 2020, 07:36:47 AM

Warning strictly for Newbies!!!

Do not ever try or think about getting loan or borrowing money to trade altcoins or invest, the damage will be so disastrous, many did this mistake in 2017 when all crypto coins are booming but I can tell you that until today they are still in heavy debt, losing your hard-earned money is better than losing loan money, imagine the frustrations Huh

Crypto investment is a high risk investment plan and they only way to get by is investing only what you can afford to lose... take my advise and let it sink in your head.

Sincerely I stand with you, anyone taking such steps to borrow is only killing himself, even those who are investing more than they have are feeling the heat let alone someone who borrows. The simple way to do things, especially when it comes to investing is to stick to how much your account can bear without it affecting your personal life. The volatility of the crypto space is too much for someone to lack the right approach to investing. Lastly, I also have the mindset that it is not only for newbies but for everyone, because there are people who are still moved by hype.

Maybe without enough experience in the field, a lot of newbies need to play safe and maybe do a lot of research first before going for investment even if it's, not a loan.

Getting a loan is not a bad thing but you should know the risk of getting a loan or borrowing money for trading if you borrow BTC in the coming years or months the market value of the BTC you borrow could also increase its value over time or if your lucky its might do down.

If you have the money you could do a loan and still have the funds if you need it. But at all time the best thing to do is to risk your own money not a loan because it might be disastrous.