RE: Taking loan to buy Ethereum need advice and thoughts if i should do it now or after August 1st !!!

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Taking loan to buy Ethereum need advice and thoughts if i should do it now or after August 1st !!!

in ethereum •  7 years ago  (edited)

If you plan on taking a loan to invest in any currency to trade you should consider it from the point of view that you will lose everything you invest. Ask yourself if you can handle the rates of the loan you use to invest and what your goals are for that investment. If you feel confident that you can pay the interest and clear the loan even if you dont get any money from your investment and the investment wont hurt you in the future (car breaks etc you need money you then dont have) then get yourself clear goals (time or price) and you should be informed enough to make a decision. By the way no sane person with finance background would say this is a good idea. If you dont have the money to invest you already got money problems to solve no need to add the the pile.

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i agree with you and appreciate your opinion but i figured im not going any where with my accounting job and all great things have risk and i think it'll be hard but i'll slow down and plan again to minimize that risk as much as possible, thanks man