Post
Topic
Board Beginners & Help
Re: do not invest in crypto from loans.
by
qwertyup23
on 20/02/2023, 15:04:07 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?

The reason on why you should not get a loan in order to invest into something is due to its unpredictable nature. Imagine, you are risking a loan, which must be paid in a definite time, in something that is very unpredictable and risky in terms of profit. To be honest, you are definitely worsening your current financial position in the event that you attempt such act.

If you truly want to invest, then you can always start with small amounts. Regardless on whether it profited or not, at least you gain the experience on investing. Always start small before you focus on big things in order that you can fully grasp what you are investing on.