Quote from: Fatunad on January 21, 2022, 10:41:37 PM

Quote from: monineklutak on January 21, 2022, 10:14:58 PM

Quote from: MCcryptonia on January 21, 2022, 06:34:02 PM

Borrowing money to invest is crypto is not a smart idea because crypto is a volatile asset which means it's high risk and since nothing is guaranteed here why borrow money? You can easily end up in debt using debt 😂

For newbies themselves it's too risky indeed and they also still lack experience,
and for seniors I think it's legal because they definitely have a lot of experience and are also smart in managing money

Not all because even you are old or veteran, you couldnt still escape the risks on getting wrecked by the market and if you do took up some loan then you would still need to repay those in due dates.
Similar times and similar risks, it would really just depending on how someone would able to handle it out yet we do have different various sources when it comes to income
but if you do solely rely on current investment you do have made out on those loan amounts then better think again and better not to proceed on.

I would say that borrowing money for beginners is definitely very risky and will only make your life miserable in the next months. There is no assurance that you will make profits from crypto and if ever if you made profits too, there are no fixed dates. So if you don't have your own money to invest, then never indulge yourself from loans, but save some of your extra money and only invest on the amount you can afford to lose. Even if you have a stable job, taking loans for investments is sometimes not worth it because you won't be making profits at all since you will be paying first the interest of your debt.