Quote from: kro55 on May 16, 2023, 03:32:47 AM

Quote from: xSkylarx on May 16, 2023, 12:39:50 AM

Quote from: Botnake on May 14, 2023, 09:54:09 PM

Quote from: Kasabus on January 20, 2023, 09:31:43 PM

Quote from: Maus0728 on January 11, 2023, 11:28:13 AM

Get a job, at the very least, or add another source of income. If you don't have extra cash to risk on a highly volatile asset, you can't just buy bitcoin. In addition, exercise discipline in all financial decisions, just as you would in any other area of the market for investments. And more importantly, improve your security and privacy to protect your hard earned money.

That is how you stay in the long run.

You should have a stable income in the first place if you wish to invest and stay long term with bitcoin knowing bitcoin will never guarantee as a source of living. And it’s price will always be unpredictable so if you are just here for quick profits, I should say that it won’t work in bitcoin. Also, investing in bitcoin also has a high risk and if you are not ready to lose, it’s best not to invest in bitcoin and focus on real in demand businesses offline.

True. You will never be successful in one’s investment if you don’t have a stable source of income that will support your investment, as borrowing or taking a loan is a very bad idea especially for beginners who have less knowledge and no experience at all. And when you decide to invest, never think how to make profits but always think on how to stay long on your investment. That is way better than to expect real quick profits and end up disappointed and regretting.

there are also instances that they need to because they don't have enough money to invest though it is not good practice to take out a loan for investment as long as you can pay it and know the consequences which you reall think of it then take it but so long that you know you are investing for and you know the risk on it and how to prevent losing it but if you can save then it is better but this will take time

You can also borrow money to invest but make sure that you will repay the loan even if your investment fails, and for that, you need a steady income job. I am not too strict with borrowing money for investment or business because sometimes the opportunity will slip away, and it will not wait for us if we do not catch it. But we should calculate and come up with the worst case scenario we will face, if we can handle that worst case scenario, then getting a loan won't be a problem.

This is really the right decision, but still, there are people that are struggling, meaning there are really good opportunities for them or they have a bright idea but they don't have money, and again, they can't afford to have a loan, which means that opportunity will slip away. If you can really pay for it, then why not? But other people are scared of risking things, and again, without risk, we won't be succeeding.