Post
Topic
Board Altcoin Discussion
Re: Newbies take my advice
by
dongosquad
on 18/06/2020, 23:48:30 UTC
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
Unfortunately many newbies are only interested in large and instant profits, without thinking about the disadvantages. That is why they are confident in applying for loans. Even though the risk is very big. If applying for a loan, it should be used to open a business that is less risky, which can be taken into account when the return on capital and the income used to repay the loan. While it is very difficult to apply with crypto, if you only rely on luck it is very fatal.