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.
Looks very crazy why many people take loan with using altcoin, many loan exactly on this forum support with ethereum and bitcoin. Almost trader now how increase price for bitcoin and ethereum few days later and not good as loan. maybe when urgent really need money please think risk for the future with your loan, how much money you got and how much you have pay when loan time is coming, almost 40% you must add your money to pay loan if using cryptocurrency.
Taking loans just to invest in crypto might look crazy but the reality is some investors in crypto are definitely doing that. Others have succeeded while some are also left empty pocket. So its really a choice of ours. After all, its okay as long as you know the risk along with it.
But in my own opinion, i don't suggest taking loans as it will only make your investment more complicated. The fact that you are investing in crypto with lots of uncertainties so it will only make your life miserable once the deadline is already due and yet, you still have nothing to pay because the coins you invested are still not increasing their value.