Quote from: kawetsriyanto on March 03, 2025, 08:23:19 PM

Quote from: EarnOnVictor on February 19, 2025, 11:31:55 AM

Loan is not child's play, it's a burden, especially when you are not channelling it to a business or a viable investment that has almost guaranteed income. For this, it shouldn't be seen of anyone securing a loan to trade, it's a disaster. One of the golden rules of trading even preached against it, "don't trade with the money you can't afford to lose." I am sure the borrower can't afford to lose that money, why do that when it will even cause more pressure on you?

Exactly. Loan will be a burden because it raises a pressure on our mind. Even we put the loan money in the proper business/investment, it never guarantees for certain profits. Moreover if we take a loan for crypto investment/trading which has big risk, it is surely to be a disaster. We know that it is better to do DCA than we buy with loan money. Sure, for any investment, it is better to use the money that we can afford to lose. So, we won't have any problem although it may fail in the future. Well, honestly I always remind this to myself and my friends who are involved in crypto business.

Totally something gives out that pressure on which at the time that you would really be taking up some loan then you would be needing to pay up some interest and on the time that you do have some shortage of funds on which you would really be ending up on having that hardship on repaying up the loan and this is why as much as possible you should really be avoiding on getting a loan when investing into crypto doesnt really have that kind of guarantee that you will be able to make profits later on or with that crypto investment. This is why its recommended that you should be that finding up other income sources so that you would be able to sustain yourself on which not really just that only for you to pay up your loans but also you can be able to sustain on your living on which this is the outmost important thing that you would be needing up to consider.

Getting loan will really be that only relevant when you do make out some investment or business on which this is far more worth than on getting some loan in other purposes. For investing into crypto then you should really be wary into the risks on which it is really that having that potential on losing up money into much faster manner in compared into other means of investment and other ventures, not unless if you are investing into Bitcoin for long term or with some solid altcoins/projects out there, then you would really be having that chance or tendency that you might be able to make profits but this one will really be taking up some longer period. This is why you cant be able to rely on paying up your loans depending or basing up with your crypto investment.