Post
Topic
Board Economics
Re: Taking loan during high inflation?
by
Dhaniii
on 27/05/2022, 15:08:34 UTC
Has anyone done the math for some of us who are not as quick grasping this? I still find this a bit too risky. I think I've heard about this before, supposedly you make your money as the inflation go down or something, can't exactly remember. Still, can people really afford to do this at such times like this?
Taking loan is always risk, but if you've got stable earning to pay the interest along with the capital even if the market isn't supportive then it is not a big risk. There are people who doesn't have big spending, and they are affordable to pay the loan premium from their salary or out of the business. For them taking loan to invest on cryptocurrency will be profiting, because they've got the time which will assure with profit/growth.

If you just take a loan to invest it on cryptocurrency then this bad idea you made because especially at this moment we are in bearish season and we don't know the out come on every market movements so if you buy some these days then the price of major coins dump then there's nothing will happen and you will sink in debt. Maybe take loan if you really need it especially by using it on your daily needs or other 100% sure profitable things.

for me taking a loan to invest in crypto is very good but the current time because the crypto market is in a bearish condition. indirectly for the time being can not make a profit from our investment, while the loan continues to mature and must be repaid immediately. Isn't that condition can make us stressed unless you have a reserve of funds to cover the loan due.