Quote from: armanda90 on January 30, 2024, 10:44:22 AM

Quote from: LesterD on January 30, 2024, 08:18:42 AM

When it comes to having debt, whether it is small or big, is not necessarily a bad thing and is stressful, as long as you know how to manage it properly. It's important to use your debt wisely and allocate it towards investments or ventures that can generate income. For instance, if you use your debt as capital for a business that brings in additional income, paying off your debt and its interest will not be a problem. The key is to make sure that you have a clear plan for how you will repay your debt and that you are using it in a way that will ultimately benefit you financially.

Its not good ideas when investing using debt or borrowing money, we can't controlling price of cryptocurrency in daily day or monthly will earn profit or not and other side every month we have loan interest have to pay on time. Better preparing source income firstly bigger than with loan interested in monthly if want take borrowing use for investing in cryptocurrency. Another thing you must have saving money under 50% of amount take borrowing use for investing in bitcoin before getting loa.

I did not suggest using borrowed money to invest in cryptocurrency. I specifically recommended using funds that can generate income. I know that it is not advisable to use debt to invest in cryptocurrency as there is no guarantee of when you will be earning a return on your investment. This approach will only prolong your debt problem.