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Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto
Posted: Fri Jul 08, 2022 7:53 am
by Sarah Manter
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.
Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto
Posted: Sat Jul 09, 2022 12:30 am
by UbjfP2ZOJa
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!
Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto
Posted: Sat Jul 09, 2022 8:00 am
by Sarah Manter
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!
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.
Re: Pros And Cons Of Taking Out Personal Loans To Buy Crypto
Posted: Mon Feb 05, 2024 1:57 am
by lewishamilton
Consumer loans require proof of regular income, which generally gives employees an advantage over the self-employed.
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