Post
Topic
Board Beginners & Help
Re: do not invest in crypto from loans.
by
SOKO-DEKE
on 11/02/2023, 19:56:02 UTC
I heard that there were people who invested in crypto, and ended up buying crypto and their money from loans, but it's a shame they suffered losses because they invested in altcoins, but they lacked knowledge and lessons about crypto. but with this incident it made me think that investing in crypto should not result from loans because,,,
will make the mind uneasy, and always in the shadow of the deposit every month.

so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?

Op I agree that borrowing money to invest in cryptocurrencies is never a good idea. In reality, how can you obtain a loan and invest the money in cryptocurrency when you are aware that it is only about 95% reliable? It holds the opinion that anything can happen in the cryptocurrency business, including price changes and someone in lose all money if wallet is not properly secured.

According to my own observations, a large portion of those who take out loans to invest in cryptocurrencies are those who lack information about the technology and mistakenly assume that  they can easily make quickly money from there

No cryptocurrency specialist, in my opinion, would advise someone to take out a loan and invest in cryptocurrencies. In other words, only invest money that you can afford to lose.