Quote from: sulendra12 on Today at 11:44:15 AM

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

It is true that some people have become rich through crypto trading in the 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?

Please don't ever do that, even if you are experienced or not it doesn't matter. If you lose your loan money because of your fault from trading then it would be a disaster for you, because you need to pay that borrowed funds or something worst could happened. It's not a wise decision at all. Just use money that you can afford to lose from your own pocket and go with it instead of borrow it.

I agree when trading with borrowed funds it gets in the way of living a normal life by paying off the debt. That's why one should think thrice before engaging in cryptocurrency trading in crypto involves borrowing funds and risk to make a trade. If the trading level of a position becomes too unsafe, an exchange may close the position.