Pros And Cons Of Taking Out Personal Loans To Buy Crypto

vladsmolka151 wrote: It seems to me that if a person decides to buy cryptocurrency, it probably should be done only with personal funds.

I would tend to agree with this. I think it all comes down to personal choice, though, and how much risk/reward you're looking for. I personally don't gamble at casinos either because I tend not to want to take on the risk of losing the initial...investment? I guess taking out loans to invest is in a similar ballpark to margin trading. Borrowing first to hopefully make money later.

Sarah Manter wrote:

vladsmolka151 wrote: It seems to me that if a person decides to buy cryptocurrency, it probably should be done only with personal funds.

I would tend to agree with this. I think it all comes down to personal choice, though, and how much risk/reward you're looking for. I personally don't gamble at casinos either because I tend not to want to take on the risk of losing the initial...investment? I guess taking out loans to invest is in a similar ballpark to margin trading. Borrowing first to hopefully make money later.

You should - absolutely - come to Vegas and gamble a few dollars! Full disclosure: I work for a major casino on the Strip. There are some "Sure Things", though. The buffets and shows!

UbjfP2ZOJa wrote:

Sarah Manter wrote:

vladsmolka151 wrote: It seems to me that if a person decides to buy cryptocurrency, it probably should be done only with personal funds.

I would tend to agree with this. I think it all comes down to personal choice, though, and how much risk/reward you're looking for. I personally don't gamble at casinos either because I tend not to want to take on the risk of losing the initial...investment? I guess taking out loans to invest is in a similar ballpark to margin trading. Borrowing first to hopefully make money later.

You should - absolutely - come to Vegas and gamble a few dollars! Full disclosure: I work for a major casino on the Strip. There are some "Sure Things", though. The buffets and shows!

That is definitely on my list of things to do some day! I’d heard that there are many entertaining (and delicious) things to do out there even for the non gamblers.

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