Pros And Cons Of Taking Out Personal Loans To Buy Crypto

Shorter thoughts and general discussion of cryptocurrency related topics
Forum rules
The Cryptocurrency Discussion forum is complementary to Bitcoin Thoughts and is a a place to discuss shorter thoughts about bitcoins, altcoins, and cryptocurrencies.

Topics may include bitcoin prices, outlooks on altcoins, cryptocurrency development, economics, and more. Feel free to share outlooks on other things as long as the major focus is on cryptocurrencies. Announcement posts are prohibited in this forum; review the rules in the other Prohashing forums for the best place to post your announcement.

For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
Locked
User avatar
Sarah Manter
Posts: 639
Joined: Fri Aug 13, 2021 11:15 am
Contact:
Contact Sarah Manter

Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto

Post by Sarah Manter » Fri Jul 08, 2022 7:53 am

vladsmolka151 wrote: ↑Fri Jul 08, 2022 6:49 am It seems to me that if a person decides to buy cryptocurrency, it probably should be done only with personal funds.
I would tend to agree with this. I think it all comes down to personal choice, though, and how much risk/reward you're looking for. I personally don't gamble at casinos either because I tend not to want to take on the risk of losing the initial...investment? I guess taking out loans to invest is in a similar ballpark to margin trading. Borrowing first to hopefully make money later.
Top
UbjfP2ZOJa
Posts: 21
Joined: Sat Dec 11, 2021 3:10 am

Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto

Post by UbjfP2ZOJa » Sat Jul 09, 2022 12:30 am

Sarah Manter wrote: ↑Fri Jul 08, 2022 7:53 am
vladsmolka151 wrote: ↑Fri Jul 08, 2022 6:49 am It seems to me that if a person decides to buy cryptocurrency, it probably should be done only with personal funds.
I would tend to agree with this. I think it all comes down to personal choice, though, and how much risk/reward you're looking for. I personally don't gamble at casinos either because I tend not to want to take on the risk of losing the initial...investment? I guess taking out loans to invest is in a similar ballpark to margin trading. Borrowing first to hopefully make money later.
You should - absolutely - come to Vegas and gamble a few dollars! Full disclosure: I work for a major casino on the Strip. There are some "Sure Things", though. The buffets and shows! :D
Top
User avatar
Sarah Manter
Posts: 639
Joined: Fri Aug 13, 2021 11:15 am
Contact:
Contact Sarah Manter

Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto

Post by Sarah Manter » Sat Jul 09, 2022 8:00 am

UbjfP2ZOJa wrote: ↑Sat Jul 09, 2022 12:30 am
Sarah Manter wrote: ↑Fri Jul 08, 2022 7:53 am
vladsmolka151 wrote: ↑Fri Jul 08, 2022 6:49 am It seems to me that if a person decides to buy cryptocurrency, it probably should be done only with personal funds.
I would tend to agree with this. I think it all comes down to personal choice, though, and how much risk/reward you're looking for. I personally don't gamble at casinos either because I tend not to want to take on the risk of losing the initial...investment? I guess taking out loans to invest is in a similar ballpark to margin trading. Borrowing first to hopefully make money later.
You should - absolutely - come to Vegas and gamble a few dollars! Full disclosure: I work for a major casino on the Strip. There are some "Sure Things", though. The buffets and shows! :D
That is definitely on my list of things to do some day! I’d heard that there are many entertaining (and delicious) things to do out there even for the non gamblers. :D
Top
lewishamilton
Posts: 1
Joined: Mon Feb 05, 2024 1:56 am

Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto

Post by lewishamilton » Mon Feb 05, 2024 1:57 am

Consumer loans require proof of regular income, which generally gives employees an advantage over the self-employed. retro bowl 2
Top
Locked

Return to “Non-market discussion”