Introduction
One of the mistakes that most cryptocurrency Investors make when investing is that,they invest with money they could not afford to lose. They go with full force to invest almost all their money to invest while most of them barely have another source of income to balance up their cryptocurrency investment with their daily life expenses. From there,when they find all these unbearable to cope with, I mean when they find nowhere to fall back to they will begin to acquire for loan to cover up for upkeep for sometimes while they are waiting and hoping the bear market will hit a bull run.
Definition of the concept "Debt"
The concept "Debt" in the financial institution isn't a newcomer,it has been here for long. Of course, you can't just say people are on debt without a concept that comes first. Though if you are applying for loan, you can't just say you wanted to apply for debt,people opt for loan then later turns out to become debt. It's loan that begots debt. I see debt as an outstanding payment from loan that one acquires. Moreso, debt can be simply be the money you need to pay back or repay because you borrowed it as loan or whichever way.
Explanation on how debt is a threat to Investors cryptocurrency investment.
Yes,as it's discussed earlier debt can pull a threat on your cryptocurrency investment. The money you invested in cryptocurrency portfolio can be tampered with you if you must been choked with debt. The funniest part is,one could be unlucky in such a way that your cryptocurrency investment has not yield any profit and you need to repay back loans and no where to fall back to. When the only money you have is invested in the cryptocurrency portfolio. Debt might pull a threat that might tempt you trade your cryptocurrency investment to foot some bills and pay back loan debt. To back up my point,there was a time have difficulty feeding my broiler birds, meanwhile there were outstanding loan debt on ground. When I was choked and nowhere to run to,I had to trade part of hivecoin that I have been keeping and waiting for long for the bull market. Though it met my need at that time but when the bull market Finally came,I watched others selling and trading their hivecoin through out when the bull market was around.
