Post
Topic
Board Beginners & Help
Re: do not invest in crypto from loans.
by
capedbaldy
on 11/02/2023, 23:15:16 UTC
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.
Generally, beginners want to get rich instantly from crypto investments without considering the risk of loss and paying off loans from very high interest, so it's certain they can't afford to lose the value of their investment, investing from loans is not feasible for long-term investments because you pay off the loan on time if you don't want to in fines.