Quote from: Gooner0 on August 16, 2024, 12:14:42 PM

Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.

I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!

Wow, it seriously baffles me that in this present age and time people are still making such terrible decisions, even as technologies has made knowledge and information very easy to get in what ever field you which as long as it being utilized, and someone is still making such a terrible decision financially.

I believe that the first rule to every trade or investment is using an amount of money you can afford to lose, so taking a loan just to trade or invest is actually a terrible decision in my own point of view, because it certainly a money you can't afford to lose, so because of that it puts you under unnecessary pressure just to meet up and pay back the money that was borrowed, and in this crypto industry being in a hurry or inpatient will only leads to severe losses if care is not taken, so just as what the op has rightfully said, the market is actually not running, opportunities are always there in the market, so it's best to trade or invest with your own funds than using a borrowed money.