Post
Topic
Board Altcoin Discussion
Re: It’s crazy to take loan to invest in crypto?
by
memed97
on 01/09/2021, 13:21:11 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(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 don't recommend doing that, borrowing to invest in this crytocurrency is a bad way. We cannot guarantee how the market will be in the future, whether it is in line with expectations or indeed far from what we want. The risk that occurs is higher if you invest by taking out a loan, the loan is mandatory to be returned but profits cannot be guaranteed in the market.