You Would be Amazed What FOMO Does to Peoples Minds.
This question , "should I borrow money to buy Crypto Currencies?", always pops up when Bitcoin and Crypto Currency is in a bull market. The simple answer is you should only buy enough Crypto Currencies that you can afford.
In My Mind the Basic Psychological Reason for this is FOMO or (Fear of Missing Out).
Take a Deep Breath and Think About Your Actions.
How We Built Economic Freedom with Crypto Currency and Bitcoin on a Budget.
- Set it and forget it cloud mining with Bitclub.
- Earning bitcoin from our clients.
- Trading Altcoins on Bittrex.
- Earning Steem and SteemDollars on Steemit.
- Having Patience!
Borrowing Money to Speculate is Something I Would Not Recommend.
This is a highly speculative market and Bitcoin could drop back to $1800 or lower if BIP 148 is not successful. I am not spreading FUD. I am just realistic. I have seen Bitcoin and the Crypto Currency markets make huge corrections over the last four years. Why would this time be any different? Trust me a correction is always just one hack or misstep away.
Buy what you can afford. Don't go all in on something unless you are prepared for the consequences if things go sour. Safe trading and have an amazing weekend.
