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!
I know a lot of people tend to view trading not in the appropriate way because I see no reason why you will go and take a loan just for the sake of trading altcoin. It is not encouraging at all because why will you borrow money based on a probability that you are not sure you will succeed? There is no point in that. because most of the time those that usually take such decisions to borrow money in order to trade are those that have less knowledge on it because if really you have a lot of knowledge about trading aspects, you will also know that it is very wrong for you to borrow money just to trade because it is very risky and can also lead to a great regret.
When someone misunderstands trading then it will be very unlikely to be able to make a trade by making a profit and choose to take a loan just to trade altcoins then of course it is a very risky decision and if they do not succeed in the trade made of course they will have problems in settling their debts.
If they do not understand trading well, of course, they must first go back to learn well about trading so that they do not make mistakes that make them regret it when they continue to fail when trading, because without having the right knowledge and also funds that they are ready to trade, of course, it is not yet the time for them to start trading.