TSLA
Tesla
-- 355.840 NVDA
NVIDIA
-- 138.850 INTC
Intel
-- 23.600 NBIS
NEBIUS
-- 44.490 PLTR
Palantir
-- 119.160 
Don't take out a loan to buy cryptocurrency, it's stupid.
Seen a post saying a guy took out a loan to buy crypto because it seemed a good deal right now. It is a good price if you have your own money to invest, borrowing money from a bank to invest in crypto even if it's low APR% it's not advisable and you shouldn't do it. Losing your own money might sound bad, but imagine you've lost borrowed money, which you'll have to pay back eventually. A simple quote that everybody heard a dozen times; don't invest what you can't afford to lose. Seems to me people still don't get the principle of it.![]()
You can play around with your own money, nobody gives a f, if you lose it. Playing with borrowed money, not so much, it can f**k up your life in a variety of ways. You'll owe more money in penalties, interest charges will get higher and your credit score will fall as well, not to mention mental problems that could come along the way.![]()
![]()
![]()
With that being said, if you took a loan to invest in crypto, I wish you the best, also we're looking forward to seeing your results, and I hope everything turns out well for you.![]()
![]()
![]()
![]()
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$
You can play around with your own money, nobody gives a f, if you lose it. Playing with borrowed money, not so much, it can f**k up your life in a variety of ways. You'll owe more money in penalties, interest charges will get higher and your credit score will fall as well, not to mention mental problems that could come along the way.
With that being said, if you took a loan to invest in crypto, I wish you the best, also we're looking forward to seeing your results, and I hope everything turns out well for you.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Discussing
Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Sg-Jin : Well if it’s a market recovery and bull market commences then the degens will look like a genius ; if it goes bear then capitulation will be lower and worse.
Not only crypto market but also stonk market.
Double edged swords
Sg-Jin : But the real killer is taking loans then use leverage either via going long or short. Takes lots of guts to do that
Win it big or lose it all.
ProTraderMark OP Sg-Jin : double-edged sword!!
ProTraderMark OP Sg-Jin : Of course there is no denying that some people have won big in this way, but the risk is too great
ProTraderMark OP DaisyDowner : go big then become homeless
Sg-Jin ProTraderMark OP : Yep agree. But humans biggest weakness is greed
zoharrr : wow