Borrowing money at $19K, is not smart. I also know that getting loans at $10K and selling right now would have been an amazing idea. Personally, I was trying to get loans in summer for a quick 2x flip, so I don't believe it's always a bad idea.If that market is greedy, it's never a good idea to risk more than you can afford to lose. But if you "know what you're doing" and quite sure about things, then getting loans and throwing them into encrypted currency isn't always the worst idea. It's how some have made the most money to be honest.
I also recently invested more than I could afford to lose (going from 95% in to 98.5% when price was around $10-11K). Best decision I ever made! This was also on the basis of selling the 3.5% when price broke $18K, as it's actually money I need
It is obvious very common for business to get loans in order to increase their profits so I can understand where you are coming from, however how many people actually know what they are doing in the market of cryptocurrencies?I also recently invested more than I could afford to lose (going from 95% in to 98.5% when price was around $10-11K). Best decision I ever made! This was also on the basis of selling the 3.5% when price broke $18K, as it's actually money I need
Most of those that are investing here came for the possibility or earning money fast and while that is possible most of them will lose everything they invested without the necessity to use loans, so by doing that not only they will lose their money but even money they did not had and from which they will have to pay interests, and if the amount is high enough they could even ruin their lives.