Post
Topic
Board Economics
Re: Taking loan during high inflation?
by
The Author
on 07/06/2022, 23:40:31 UTC

But the question is what if you do not own enough money for investing? can you take a loan and invest?

I wouldn't take or even recommend taking to someone else because taking a loan to begin with already an emotional stress or tie as you would always have it at the back of your mind that you're owing wherever you may go.
Secondly, using such loans to invest in cryptocurrency is considered very unwise from my own end. because no matter how good of an analyst you are, cryptocurrency would always shock you by taking a more positive turn than expected or a negative altogether.
And at the end of the day you would still have to pay your Lender and with the high inflation as fore-mentioned, that would be a massive loss.