Skip to main content

Should you take out a loan for getting Crypto bought?

 Wrong ways to do it ?

  • Take out loans on Credit card with high interest rate
  • Take out a long which you must repay fast without you have enough money yourself
  • Loans which only lasts 6 months

Credit cards if you buy Crypto using this can make you go into like bankrupt state fast for example if you pay like 25% cost on every Crypto payment you make it will make you run out of money fast and get some debt so never do it that way.

Having loan of just 6 months when crypto can go up or down any moment is bad idea for example you pay $1000 for shitcoin which values goes up from like $0.00001 down to $0.000001 means you lost all your money but if it goes up to like say $0.02 you made decent profit from it all but never invest if you have no way to pay it back as a always.
Shows Cash notes and gold showing up in the image



Right ways to do it 

Have a loan you can pay back with a low interest rate of like 5%  at most and you make sure you can pay it back without any issues overall such as if your wage per month was like $2000 and you paid back every month like $200 that would be manageable for a lot of people and would also mean if you had no pay for like 1 to 2 months you can handle it with saving or other things you could sell 
Labels:

Comments

Post a Comment

Popular posts from this blog

Can investing right allow you to buy real Estate?

  Yes let me explain why when it comes to using crypto you can do it two main ways buy into stable crypto like Bitcoin or Eth both of these value should stay fairly high if you were to buy this year for most of the time so you would buy them at the current values of Bitcoin be around $21,000 with Eth on around $1500 meaning if you keep hold of them for like 2 to 5 years of them when they go up to like $30,000 and $5000 that should allow you to have enough to buy a property in a one of payment probably quite easy as long as you don’t have big debt already or other high expenses to pay every year or month a like. When you get crypto value of between $100,000 to $200,000 time to buy a property would be a good idea weather you want a flat or small house or something else you can decide that yourself  if you are doing this as way to rent it out for some reason then make sure it’s popular or attractive area so getting tenant can be done quite fast as whole if you want to sell the pr...
Post a Comment
Read more

Stable Coin

  Bitcoin is the most stable currency since it was the first one to be made popular in the past over people who were first to use Bitcoin deciding to sell Bitcoin for one pizza showing people all around the world this could become something used to buy or sell products  in real life  https://www.epintoken.com/2022/09/investment-tips-for-crypto.html https://www.fooos.com/ The goal of all Shitcoin founders it to be able to make a shitcoin become a stable coin that can become as strong or worth as much money as like bitcoin but not many will do it since it costs a lot of money to be able to invest into shitcoins for them to be able to make it big overall for why so many shitcoins fail overall but if they ever become a stablecoin can sell for big money later on or when it gets stable level but it's like the dream of all people who invest into shitcoin for it to turn into the next Bitcoin then make them become rich like some of the Bitcoin investors who got involved early enou...
Post a Comment
Read more

Why not to use Crypto Gurus for advice much?

 Many will promote some kind of crypto but never often admit or tell you they got paid money for doing it such as like $10,000 plus some free coins from it to try and get them to promote it so you buy unfair it's rubbish https://www.lifeofcoding.com/ Even a small influencer can get paid like $250 to like $1000 to promote just one currency so be aware if someone calls themself a Crypto Expert or currency master who if you can do research and check their wallet it does not contain much of the currency they promote it's fairly likely not something you should invest in unless you are willing to lose big money overall.  Many of these people have no investment knowledge outside  of big a son or daughter of someone very rich is normally connected to it or they had no serious work to become knowledge about it does not help much as well.  https://www.epintoken.com/2022/09/are-nft-scam-or-not.html The real Crypto Whales don't promote themselves or run channels in most cases cl...
Post a Comment
Read more