Don't be a fool. Never, I mean never take a loan to invest in cryptocurrencies. It is not worth the stress, your mental health and the risk of going bankrupt

The worse thing about losing money while investing in cryptocurrencies is losing money you don’t have. The sentence that is often repeated here is “don’t invest what you can’t afford to lose". It is absolutely not worth the risk, stress and your mental health. Some people get lucky, but most don't. Don't be an idiot, ignore the stories where people borrowed money and managed to get it back and make some profit along the way. Those are rare ones. Instead you should read this: "I'm thinking about the money I borrowed from my friend, even my savings, like my RRSP is gone. I just can't believe it" "So now I'm really freaking out because I’m like $80,000 in and I really need that money" You don't want to be those people. Invest what you can afford to lose. submitted by /u/UnexperiencedIT [link] [comments]