Post
Topic
Board Altcoin Discussion
Re: Should you take loan(s) to invest in crypto?
by
Luqman
on 25/09/2021, 23:42:37 UTC
What do you think of taking loan(s) to invest in crypto? Have any of you done this already?
Don't do it!!! You will get difficulties or even problems when you use loan money to invest in crypto coins. Always remember to use your extra money or the money you can afford to lose. Investing in crypto doesn't have the guarantee to be successful. It is true many people earning millions of dollars from crypto, but in reality many people also got huge losses as well. I personally never borrowed money to buy crypto coins, even I never think to try it. I have learned the risks of crypto investments, too risky if we want to try the idea of using loan/borrowed money. Just look at how significant the volatility or the price changes of crypto coins. It will be scary if we buy at the wrong time with borrowed money.