Most would say it’s a terrible idea but to me, it’s not the worst idea IF it’s money you can actually afford to lose and forget about. I would like someone to convince how me why it would be a terrible, terrible idea. Also, crypto is here to stay (it is the future) and assuming my loan term is only 2 years and I only take out let’s say 5k to invest, why not? I’m only 25, I’m debt-free, have a full-time job making about 50k, have about 10k sitting in my bank account right now. Of course investing in alt coins that are going nowhere is extremely risky. But I am looking to invest in coins that have PROVEN themselves as true contenders to Bitcoin like ETH and NEO as well as other altcoins with a bright future and a working product that probably no one will consider it a “sh!tcoin” (i.e. Monero). I’m sure by even the next year around this time, I would have gotten gains (big or small, I am pretty confident I have gotten gains by then) and if I just want to pull out before my loan period is up (1 more year after that), I’ll just cash out and pay off my loans early. Isn’t this a feasible idea? I just don’t know why people get so frowned up on when people look to take out loans to invest in crypto. Assuming their approach and mindset is same as mine, really, why not?

submitted by /u/hyngchl1
[link] [comments]

HashFlare

HashFlare