Quote from: Cling18 on December 24, 2022, 06:30:24 PM

Quote from: Okereke on December 24, 2022, 08:49:05 AM

It is true that some people have become rich through crypto trading in recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Not everyone can have the same luck just like those who borrowed funds to do trading and got rich. Trading is risky and there's always a possibility that you could lose your funds in it so borrowing will be risky since you won't have an assurance of paying back your borrowed money. It will be better to save and allocate enough funds for trading than borrowing it. I haven't tried using borrowed funds in trading because I don't want to face conflicts and consequences in the end.

The risk is increasing seriously increasing so making a decision of taking is not a good one at all, the investment takes longer to actually start making profit, spot trading is even 10 times better than futures which have all the risk packaged in one box but even at that I wont also advise anyone to take loan to invest in bitcoin and another important update is avoid altcoins.