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(
https://t.me/emit_protocol), 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.
I think you never take a loan just to be able to make an investment. An exception for that would be if you want to buy a house because that is also an investment because you don't have to pay rent anymore for the rest of your life and 99% of the people will definitely need a loan if they want to buy a house ( at least here in germany where a house costs 500k €+). The crypto space is full of fake and scam projects so it is very much possible that you lose money and if you have that money from a loan, then you are in big trouble.