Quote from: Crypt0Gore on February 14, 2023, 06:31:59 PM

Avoid ending up like a friend, who used all the money he has to invest in bitcoin and also took a loan, promising the lender that he will pay back when he gets paid in a month, after a month he never received the salary, I warned him doing this, because he has no doubt mixed investment with 'whatever it takes', is it safe to call this greed? I don't know.

Now he wants me to lend him some money to at least pay the loaner back and later settle me, there is more, now I have to send him some money to buy some food.

You don't have to use all your money to invest, even if you are not married yet or have other responsibilities, the best approach when planning to invest in Bitcoin is to buy with some percentage of the money you earning, maybe through business or a job.

If you do this weekly or monthly you won't feel any pressure, always remember that health is wealth.

You don't have to lend him money, and you're not accountable for his conduct. You could also think of them as lost if you do that. You cautioned him against blowing through his savings and getting a loan, but he opted to disregard your advice. I'm confident that your acquaintance is not the only one who has gotten himself into such a predicament because we've already seen a lot of discussions discussing if taking out a loan to acquire Bitcoin is a good idea or not. Never invest more money than you can afford to lose, and never assume anything. You might lose your job, be forced to take a reduction in pay, have your paycheck delayed, or go through anything else you can't currently fathom.

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