VYB_POBSTREET 5-1-2022 #36: Can you lend money to invest in crypto?

in #leofinance • 3 years ago

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TODAY'S DISCUSSION


Can you lend money to invest in crypto?

  • Many people consider lending money to invest risky and some people see an advantage in it because sometimes the investment deals with urgency sometimes.

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topic from @iyiade

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3 years ago in #leofinance by
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    • [-]
     3 years ago 

    Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

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     3 years ago 

    Why not, though it is a risk too, considering the market level at that period, but I want to say if it is a long time loan it will be better than Short time and moreover will have lot of people who take loans from office or other places to invest in pob and leofinace at a point in time.

    To me irrespective of how hard or tough it might be,you will always have the feeling that all your money won't go and their is always a day of harvest irrespective of the market wave at time

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     3 years ago 

    At the same time it should be fine wisely to avoid embarrassed because we can't predict but only hope for a better price

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     3 years ago 

    Having a source of income you can lend money easily with small risk because you know you can pay it back through other means but not having any source of income and lending money to trade crypto is very risky

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     3 years ago 

    Yes
    Many times thecrypto project might require urgent buying and you can have the money in weeks but there is no time to waste

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     3 years ago 

    That is good but it is not that you lent the money because you want to repay it through crypto but because you want to pay it through a reliable means that is different from trading

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     3 years ago 

    Yeah because crypto is very unpredictable no matter how short it is anything can happen through fundamental analysis and put you in trouble

    [-]
     3 years ago 

    Yeah that is true but that situation is always there anyway and the low probability and you can bet on that
    Not financial advice

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     3 years ago 

    It is a 50-50 scenario because you can't really predict the outcome of the price in the next minutes but what I believe is everything is risk because life itself is a risk, if throughly you want to lend money to invest in crypto, you should always have it at the back of your mind that there should be a means of paying back if it's backslide but the best thing is to avoid such act to have a free mind.

    Though we all are entitled to our own opinion and am just giving my own say to stay safe.

    [-]
     3 years ago 

    Can you lend money to invest in crypto? Yes of course, although crypto is a investment which warth of leading money to invest because as at it level now is what will make someone to put more money in to it and haverst more of profit.

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        [-]
         3 years ago 

        Lend money to invest on leverage and not to trade.
        It is good to lend money for example if you want to buy and stake hive and every earnings through Curation would pay the debt but if you want to hive I would advise you not to do it

        [-]
         3 years ago 

        I can't lend money to invest in cryptocurrency for any reason except I want to earn from the project like playtoearn,curate to earn etc

        [-]
         3 years ago 

        As for me I can never make that decision in lending money to invest in crypto.
        many people out of greedy made this mistake and the end up in great loss and fear

        [-]
         3 years ago 

        #topic
        How can fraud out activities be controlled in blockchain system

        [-]
         3 years ago 

        The reason for this question is that I have invested a lot of money in a crypto projects and in many nfts that rugpull all investors lost thier money.
        Not one I have but I've seen many of that.
        Wonderland (time) one of the developer, a rumour came out that he has a rugpul record and this is what caused the crash of wonderland last week.

        [-]
         3 years ago 

        Or how can we get rid and fight of illegal activities like rugpulling, plaglarism in the blockchain world

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         3 years ago 

        This is a topic we should always discuss for awareness two new people and to everyone who are still in this act

        [-]
         3 years ago 

        No i cant lend money to invest in crypto why? first is that before investment in crypto you must always be updated about market price because crypto isn't among those stuff that can be predicted it rises and falls anytime so to avoid being a victim of loss i can't participate in lending money to invest on crypto. Even though crypto is one good and advantageous stuff, it still not worth lending money to invest.

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