Post
Topic
Board Altcoin Discussion
Re: It’s crazy to take loan to invest in crypto?
by
denasha92
on 31/08/2021, 23:23:03 UTC
What do you think of taking loan to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?
I can’t understand why people taking loan to invest in crypto.There are so many low cost NFT project, if you haven’t money, you can select some NFT project to spend your time not money for it.If you do not have the ability to analyze the market and trading skills,you can’t win just by gambling or guessing.The more money you put in,more you will lose.
People who do loan into investment or maybe trading in crypto, they usually already gain profit in their first trade. Then they think to loan because they really confidence if they will keep getting profit and then can pay it. But mostly at the end they are lose and then really suffer to earn money to pay what they borrow, that is why a lot of people never suggest it to other.
hmmm, not all people do the loan to invest in crypto will have the same experience like you've mentioned. some of them will learned first about the investment and some of them have some luck. i think some people won't have a courage to take a high risk to do something that he/she never know at all. if someone insist to do that, that means he made a big mistake.