MultiversX Tracker is Live!

Don't take out loans to buy the dip

All Cryptocurrencies

by COINS NEWS 160 Views

I'll repeat this again.

DON'T TAKE OUT LOANS TO BUY THE DIP.

Nothing is promising you that crypto will go up fast enough for you to cover the loans, and you'll end up losing more money.

This thought did cross my mind, this is indeed a very juicy dip, but I'm out of fiat to invest and unfortunately that's it.

If you need to take out loans it means you can't afford buying in the first place.

Do yourself a favor and don't do it.

A good example is people taking 3% loans to stake UST to get 20%. It worked until it didn't.

Investing is great but not if you don't actually own the investment money.

This thought did cross my mind, this is indeed a very juicy dip, but I'm out of fiat to invest and unfortunately that's it.

submitted by /u/Qtredit
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments