Post
Topic
Board Trading Discussion
Re: Should I Get a Loan?
by
hafiztalha
on 17/03/2025, 22:24:08 UTC
If you do not have enough capital, you should temporarily step away from trading or gambling and wait until you have the capital to manage. You should never borrow money from anyone or borrow money from a bank at high interest rates to invest or trade.
If you are planning to trade, you are not suppose to take loan, it’s being discouraged here by lots of forum members, because you can easily lose your money, and if something like that happens, how will you be able to pay back the loan which you took, and interest will be add.

Some people will never listen if you discourage them from taking a loan, so what I will tell people like that is just to make sure they have source of income first before going for the loan. Make sure you will be able to pay back the loan even if things go wrong, and it’s not going to affect you. If you are going to take loan, then go for a low interest rate loan, don’t be desperate, and you will end up taking high interest rate loan.
It depends many factors. If you are playing this game first then Op could loss this money because one has no knowledge of field and he entered with big amount and he will take fooly steps and then he will say that cryptocurrency is risky and no one should trade this . Interest will be burden on you it could cause depression with you,so you should try to learn more about how to use debt in beneficial things?Market could be dramatically change and no one should give you take loan for trading. Is someone is sincere with you , he will say, not getting loan for that. You can take loan for other things which have value like gold and other commodities where you will not lose all money.