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.
The first rule of investing is - invest the money that you can afford, taking out a loan is a utopia for investing. Of course, it can be argued that by investing borrowed money in a project that you have fully analyzed and think that it will work, but in any case it will be a complete collapse. I have not met a single investor who raised his capital using borrowed money, moreover, there are examples that invested through loans in cryptocurrency and went bankrupt, it is better not to repeat such mistakes.