06-29-2021, 10:19 AM
Please don't take a loan to buy crypto
<!-- SC_OFF --><div class="md"><p>I believe we will continue with the bull run soon enough (I may be wrong). During bull runs a lot of newcomers tend to join in the crypto space because of all the hype and FOMO like there is no tomorrow.</p> <p>Instances like this will show people at their greediest and often we let this emotion take the better of us. However, pleases <strong><em>DO NOT TAKE OUT LOANS TO BUY CRYPTO!</em></strong> You should only invest with money you afford to lose. If you lose it, it's okay no biggie. However, if you take a loan of any sort and the cryptos you bought drop then that is not a sight anyone wants to see.</p> <p>During any bull cycle, there will be an influx of people joining in. They want to make those sweet sweet gains too. If you have any friends or family who will do something like this <strong>please do tell them not to</strong>.</p> <p>Please educate the newcomers and tell them not to go FOMO when the market is skyrocketing, there will always be dips (I have learnt this the hard way).</p> <p><em>If you spend what you</em> <strong><em>CAN'T</em></strong> <em>afford to lose, you are just gambling and you may be in for some bad news.</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Accomplished-Design7"> /u/Accomplished-Design7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o9ydsi/please_dont_take_a_loan_to_buy_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o9ydsi/please_dont_take_a_loan_to_buy_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I believe we will continue with the bull run soon enough (I may be wrong). During bull runs a lot of newcomers tend to join in the crypto space because of all the hype and FOMO like there is no tomorrow.</p> <p>Instances like this will show people at their greediest and often we let this emotion take the better of us. However, pleases <strong><em>DO NOT TAKE OUT LOANS TO BUY CRYPTO!</em></strong> You should only invest with money you afford to lose. If you lose it, it's okay no biggie. However, if you take a loan of any sort and the cryptos you bought drop then that is not a sight anyone wants to see.</p> <p>During any bull cycle, there will be an influx of people joining in. They want to make those sweet sweet gains too. If you have any friends or family who will do something like this <strong>please do tell them not to</strong>.</p> <p>Please educate the newcomers and tell them not to go FOMO when the market is skyrocketing, there will always be dips (I have learnt this the hard way).</p> <p><em>If you spend what you</em> <strong><em>CAN'T</em></strong> <em>afford to lose, you are just gambling and you may be in for some bad news.</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Accomplished-Design7"> /u/Accomplished-Design7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o9ydsi/please_dont_take_a_loan_to_buy_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o9ydsi/please_dont_take_a_loan_to_buy_crypto/">[comments]</a></span>Kind Regards R