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

Physical Wallets smart in regards to Crypto?

 The idea behind a physical is so things are more secure or safe from possible hackers which  I can understand the thinking behind it all over idea if your phone or computer gets hacked then you could lose all the money in theory which is fair point to consider but consider this as well if you lose your wallet you could have lost $100,000 in one day and never get it back plenty of people have a lot of money from wallet  or storage of say bitcoin or another crypto so it does happen. Lets take it to the extreme you get hacked today and you, in theory, lose $10,000 you can contact your crypto buying system which many of them will  help you meaning that alone could solve a possible security issue that may happen to you or you could pay pro hacker to get it back for you say you lost $100,000 then you pay the hacker like $2000 to get it back you for that alone could get the money back and even losing $2000 is not much out of $100,000 profit to me overall .  https://www.epintoken.com/2022/11/
Post a Comment
Read more

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 values 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 the crypto value of between $100,000 to $200,000 time to buy a property would be a good idea whether you want a flat or small house or something else you can decide that yourself if you are doing this as a way to rent it out for some reason then make sure it’s a popular or attractive area so getting tennant can be done quite fast as whole if you want to sell the pro
Post a Comment
Read more

FTX Scam information

 Son of two rich boomer parents who clearly never taught the kid any business sense or how not to be a scammer. Here is how it played out he setup like a fake version of Binary to try and get people to buy their worthless shitcoin for anything as such he got less intelligent people to buy things forcing people to lose a lot of money. He also supported Biden president project with a lot of money plus a lot of other things but ironically they never made enough money to cover anything of the things bought. You had a group of super scammer dumb immature kids trying to adult work such as the founder's girlfriend seems to me to have the mind of child but she was meant to be chairwoman which she admitted they do fraud which  I found pretty funny but she was within the kid for having sex with the rich kid   . You had guy who had no idea what he was doing or anyone else if you have a range of adults with the mind of a child trying to create a bank or crypto it will often fail. Sam Fried Ban
Post a Comment
Read more