Post
Topic
Board Altcoin Discussion
Re: Should you take loan(s) to invest in crypto?
by
gwdf1
on 27/09/2021, 03:15:41 UTC
If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?

I think that it is the worst idea to take a loan to invest in crypto or in any other market. You had better start saving money or take a habit of investing about 10-20% of your salary every month, this way will be safer for you. Personally I am an ardent opponent of loans. I have never taken them, as this way you get dependent and you are to give money away every month.