Post
Topic
Board Trading Discussion
Re: Should I Get a Loan?
by
Josefjix
on 01/02/2025, 18:56:11 UTC

You must hold the principle like this, don't force yourself to buy the future today by borrowing. This practice is very simple. For example, if you don't have bitcoin because you don't have money. You can choose to pay in installments, this is better than going into debt, like forcing yourself to buy the future. The point is, everything you should want for the future does not need to be forced with debt. Moreover, OP plans to go into debt for risky futures trading, so it's better to think first before acting.

Debtors are the most unhappiest people on earth meanwhile the future just needs you to be consistent in the little things you keep doing and expand more along, it's a ruining idea to get into debt because you want to become rich and maybe impress someone that doesn't deserve it and value you in return. That's absolutely bullshit.
It's never a straight forward thing because at some in point in time if actually op was awarded the loan, he should've been crying by now even if the plan of taking loans and get them paid as expected works out, there is every tendency for him to get loan again but the second time may fail him.

The habit of taking loans has never been a healthy lifestyle to me because it cages your mentality to be unfree, unhappy, depressed and anxious all the time when you can't meet up the terms and conditions outlined before transaction, it's always painful at the end and I won't advise OP to get himself into such habits, it increases over time untill it becomes a normal behavior.