Quote from: boty on July 24, 2021, 12:50:39 PM

Quote from: ancafe on July 24, 2021, 04:48:04 AM

Quote from: cryptolord2077 on July 23, 2021, 10:34:05 PM

If you take money from your relatives, without interest, then why not?
In 5 years, perhaps we will see 2 more bull races, which means you will win back your money anyway. It seems to me that in such situations the risks are very low, it is important that you fix the profit on time.

Well, borrowing for business is okay, especially if it doesn't use interest. however, you need to make sure that your place of investment is really guaranteed. Well, in the cryptocurrency world, it's quite risky, unless you believe in it, and can handle the risks. well, but all business is risky. DWYOR is at the heart of it all, and I suggest borrowing it when you are sure of it.

Don't ever use money from loan or whatever it come from outside our own saving. It is not good for our psychology especially when market down we easily become panic. It will be different when use it for real business which is have lower risk. Even in small amount better avoid this way or we will get difficulty in future. Risk in real business or cryptocurrency very different, in this market our initial balance could be zero only in short time but it dont in regular business.

A very controversial statement. You talk about situations when a person went all-in, sold all his property, took out a loan, bought a cryptocurrency with this money, and looks in a panic as it falls in price.
However, if a person has the means on which he can live, it means that he can easily wait out a bad period, which is usually inevitable, and come out in plus with long-term assets.