Quote from: blockman on March 07, 2025, 07:50:49 AM

Quote from: X-ray on March 07, 2025, 07:38:00 AM

Quote from: blockman on March 07, 2025, 02:03:52 AM

Quote from: harapan on March 07, 2025, 01:50:10 AM

If you get a loan you'll always remain in debts and so getting a loan isn't the remedy of everything but it'll actually slow pace the growth of what you intend to do with the money.

I totally agree. Loans are making our progresses delay because it is trying to pull out the money that we should have put it to ourselves or any venture. But since trading is the topic here, loaning to trade isn't ideal. Trust me, I've seen a lot of people that did this and even investing in Bitcoin, they don't know how to do it right. Leverage they say? come on, they don't know how it will impact their lives when there seems to be an interest and debt waiting for them to clear for how many months or years. It's not just right at all and avoid this if you want to live your life without having to worry. Trade if you want to but use your unused or extra funds.

when using loan for trading people also undermine the fact that it could affect them psychologically making them the worst trader there is with worst decision.
trade responsibly, and I don't think using loan for trading is an act of responsibility instead, it's more like impulsive act, too much risk, too much uncertainty, but what's clear and obvious is, you'd need to get the money back with additional interest on top of that.
sounds like a losing scenario to me, even for the best trader there is with huge potential, because nobody know what market gonna be.

That's right, it's not only affecting their pockets but also them mentally and psychologically. There is this impact that will make you unable to move with what you are trying to do with your next moves. Trust me, I've been there and it's very hard to move with here and there if you've got some loans. And taking one and trying to use it as a capital to trading, that's not recommended because if someone who's good in trading, they should have sufficient money at all from their other trades and profits, correct?

Invest on what you can afford to lose and never ever make yourself that believing or being that too optimistic about having positive results because if you are that depending into the profit you can make with crypto investment then just like we do all know that its not something that you can depend on because the profits made on a particular day is unknown. You cant be able to rely on it and if you do then you would be getting short or overdropped. Whenever you are making up some investment then as much as possible on where you should really be that stopping on taking up some loans and invest or get some capital on which it do came from your extra money or an amount on which is saved and intended for investment. Never that considering on borrowing because you will really be that a hard time on repaying those loans back on the proper time. Its impossible that you cant be able to reasses about these probabilities on which it could most likely happen and something that you do need to study it first.