According to LendEDU, a company looking for personal loans, more than 18% of investors Bitcoin have used borrowed money to negotiate cryptocurrency. In a global survey of 672 active Bitcoin investors, researchers asked traders how to finance their cryptocurrency trading accounts. The majority of investors have used banking systems such as credit cards and ACH transfers to finance their accounts.

But 22% of traders revealed that they had not paid their credit and debit cards after buying Bitcoin. cryptocurrency with borrowed money. The report read as follows:

"The wisest and most economical way to finance a virtual currency exchange account would be to make an ACH transfer, which is only 18.60% of our 672 respondents invested by Bitcoin paid cryptocurrency this way. However, this was not even the most urgent concern coming from the LendEDU survey. This recognition belongs to this data point: 22.13% of Bitcoin investors have not paid off their credit card balance after the purchase of Bitcoin. "

Generalization exaggerated

Lately, Binance, the world's largest cryptocurrency swap, has revealed that it has added more than 250,000 active users daily, and has been forced to temporarily stop it. Adding new users. Coinbase and Bitstamp have also added more than 100,000 users per day and at the time of the report, Coinbase has nearly 20 million users.

In early December, Nejc Kodrič, co-founder and CEO of Bitstamp declared:

"Please understand that we currently have over 100,000 new accounts open It's hard to cope with such an increase – we're expanding our ability to integrate customers faster, but it takes a bit of time. "

618 Bitcoin users are not therefore not sufficient to create generalizations in the global market of Bitcoins and cryptocurrencies.

But, it is important to recognize that a small portion of Bitcoin investors are still trading cryptocurrency with a debt to date, despite expert advice and advice. analysts to refrain from doing so.

Investing Amount That Can Be Lost

In June, Bitcoin and security expert Andreas Antonopoulos strongly emphasized that he only invests an amount in cryptocurrencies that he is willing to lose, given the significant risk involved in cryptocurrency trading. While the risk of investing in Bitcoin is lower than that of others given the size of its market, the risk for other crypto-currencies on the global market remains very high.

"I own a few different crypto assets as part of a small but diverse portfolio.I risk only as much as I'm willing to lose," Antonopoulos said.

In a presentation at Coinscrum, an event organized by the Imperial College of London, Antonopoulos also noted that he may lose all his investments in cryptocurrencies and still everything else because He has invested his career, his intellectual capacity, and working in Bitcoin and the cryptocurrency market.

For casual and new investors, it is extremely risky to obtain debt to invest in a particular asset and this is not exclusive to Bitcoin. No matter what the asset, getting into debt to invest in a particular asset or asset class is very risky.

"My small savings that I have been invested in Bitcoin 100% [of it]. In fact, I have a tiny debt in US dollars that I always try to pay back, so that 's more than 100% to Bitcoin. Now, I want to stress again, that' s not enough. is not a recommendation to invest. I have invested my money in Bitcoin, I have invested my career, my intellectual abilities, my creativity, my passion and my work in Bitcoin, the money is the least investment that I have done in Bitcoin and I could lose everything. and I would have all the rest, "explained Antonopoulos.