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
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.
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
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.
Yes, borrowing money to invest in crypto is very risky, because the price of crypto is very volatile. If after we borrow money and buy crypto, then the price of crypto increases, then we can return our loan money. But on the contrary, if the price of crypto is down then our loan maturity has arrived, of course we have to sell the existing crypto to return the loan.
In this condition we will lose.
I think investing in crypto is with capital that is able to lose.