RE: Question of the Day. Should I Borrow Money to Buy Crypto Currencies?

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Question of the Day. Should I Borrow Money to Buy Crypto Currencies?

in bitcoin •  7 years ago 

I have done it and it was probably the best decision in my life so far! However, you should only do it if you understand DEBT! It is a two edged sword!

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7 years ago by

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      ·  7 years ago (edited)

    I have done it as well. Was scary when I did it but with great risk can come great return. I happen to throw the full loan into Ether sub $100 price, so everything ended good for me. Now I debate with myself every day should I sell some and pay off the loan or let it ride. I can handle the monthly loan payments so I have been letting it ride. as others have said, I also love crypto's!

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      ·  7 years ago 

    I'm riding it as well and the BANK can wait! :)

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        ·  7 years ago (edited)

      Why in a bull market though ? I'd buy after bears looked exhausted and wicks started forming on larger time frame charts. Just my opinion.

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          ·  7 years ago 

        I'm hoping to learn how to read the charts to know when to buy or sell.Can you help me out?

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