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Is it really recommended for one to take loans to invest in the potential cryptocurrency especially those that are speculated to increase in prices massively?
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Can you take loans for cryptocurrency investment purposes?
- Thread starter Xtynehappy
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riberet19
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You can do it, but I don't think it's a wise choice, the crypto market is very volatile and you could get into severe debt by taking out a loan to invest in cryptocurrencies.
Crypto has no reliable fundamentals and is highly influenced by market sentiment, making it very difficult to predict even for experienced experts, and no one recommends taking loans and investing in crypto, but using cold hard cash.
Yes if I know that it would be life changing for me. Everything in life is about taking risk. so it is favourable I would risk it