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Is taking loans worth it?

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Since I have found out about loans, I have constantly taken them until I rip and owe the initial user who sent me profit, but after i rip the loans I always wonder why I did it in the first place. I feel like loans are just feeding my addiction and eating away at my profit because the more I take the more I owe. So is it really worth it, I feel as though I never build up with them and I just end up owing people money more gradually every day, and 10% interest a day is a fucking lot. I feel as though I play stupid with the loan because I didn't deposit it so it's not "my money", and I think that is a bad idea to have when gambling, so do you guys think loans are worth it?

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If I was to be bluntly honest about this, the answer is no. Taking loans for the purpose of gambling might actually get you deeper into a financial mess if you were already in one in the first place. So take caution when making this decision.

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Sorry, but it's the most stupid thing you can do...

losing your own money is your problem,
losing someone else's money is your problem AND their problem

Unless of course you don't know the other person and he/she was so dumb to give the money to an anonymous person... then just play and have fun!

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I have never taken loans and I do not advise anyone to do this. If you do this once, then you will not stop. All your profits go towards repayment, in the event that there is a profit. Loans are bad. You take someone else's money, and give their own.

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loan also not allows in stake. and if u pay or not stake did't take action for that. but u can report before give them. i juz happen like this and already saw they got gold stars with others money. one of them is asking to me again and again before payback. if he got profit or in hight roller didn't pay even no reply. but he busted he did reply like that "sorry late reply i didn't see can i loan some? ". too recent call him he did reply and payback nomore 10% of loan balance. i mean baggers are everywhere not even newbies also vip gold star. 

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Credit is the engine of development ... at least it was conceived. A person takes borrowed funds to organize his production, which gives jobs, products and the global growth of the country's GDP. Unfortunately, people often take loans for their needs and fall into debt.

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Well, its definitely not worth taking loans to gambling for sure. Yet it does comes in handy when u have cravings on your games or you need chances to win and build up. I can totally relate to how frustrating it is to take up loans to win for other other loans  repayment but ended up busting all of it. Adding on to your current burden. Especially now that the btc rate has shot so high up, its really taxing... i have been purchasing $50-$100 worth of btc and its like only 0.003- 0.005btc. Damn... cant win any and always ended up busting in mins... oh well, seriously can't wait to clear off all of my outstanding loans out there, its stressing me out. Lol! 

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I thinkmits a bad idea to gamble with loans. Since we cant predict the outcome or result in gambling, we should not risk "hot" money. We should play with our "cold" money which we can afford to lose

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Number one rule is to never ever borrow money for gambling. If you can't deposit then it means you can take loan to play. Unless you have balance on your wallet and you just want to take a loan so it feels "better" not to play with your own money, but then if you bust you can always end up sending money from your wallet. But it is better to just deposit your own money.

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Loans will always get you deep into financial mess. Avoiding loan as long as you can is the best policy.

Taking loan for gambling will create more problems for you financially. There is no guarantee that you will be able to repay the loan in future if you continue this habit of yours.

Stop taking loan for gambling, before its too late.

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To be honest with you and be blunt. Taking loans for doing business is okay. But taking loans to gamble is such a stupid advice. Never take loans to gamble, because there is 98% chance that you will bust the balance because it is gambling and gambling is so volatile that your own hard earned funds is not safe, now not to talk of loans that was taken with pressure.

Never take loans to gamble. It is risky.

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Taking loans to gamble is quite a bad idea. I don't think anyone should be loaning/loaned to gamble at a casino in real life. Why is online any different? If anything it's much less guaranteed you'll get your loan repaid. Because of the anonymity behind it. I'd say only loan people you trust VERY WELL or know in real life, even people you think you can trust may turn around and do you dirty. 

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Atleast you have a plan how to playback if you lost them. And make sure you make loan you can afford to pay. If you say about risky on loan, unfortunately gamble is already risky.

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Well it depends on a person some people take for hunting challenges while others take for reasons like to pay bills and all shit i know it happens not me but other people.

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Taking a loan to gamble is the most stupid thing you can ever do. There is 2 giant basic rules about gambling

  • If you cannot afford to gamble then stay away from it. never ever take a loan to gamble because it will get you in a downwards spiral that will be very hard to climb out.
  • Only gamble with money you are willing are able to loose. Cause it is very simple 95% of the gamblers do not profit. So it is very likely you will bust your deposit.

So taking a loan is just not done. there only is 1 exception on this rule. In my opinion you can take a loan if you are 100% sure you already have the money to cover the loan. For example you are out of the house and for example forgot your ledger so you can't make a deposit but you do have the money. then you can consider taking a loan because you have the money to pay back. But never take a loan if your possibilities to pay back the loan entirely depend on the gambling outcomes of your bets made with the loan money

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4 minutes ago, CaptainAAA7 said:

Taking loan is good if u taking it for some good purpose like buy car, house or for business.

 

Loan is bad idea if u taking it for gambling.

^this

I agree with many others in this thread loans are the most horrible thing to take if you are gambling. I can name enough police series and films that have broken kneecaps in them because the guy couldn't return the loan he got for gambling.

Loans are exactly as the guy above me said; for practical use only. Starting a business etc.

I hope reading more and more comments about how bad it is to loan for the purpose of gambling will give you a sense of how wrong it is.

Good luck with the debt and I sincerely hope you will be able to make a profit for your sake and the one you took the loan from.

 

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Loans is an unselected form of gambling, and that is my principle. You should only participate in gambling when you think you might lose the money you have, don't try to borrow money from anyone.

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Should never take out loans to gamble tbh, and if you do make sure that the repayment fee isn't gonna break your bank whenever you get coin again....then you are right back in the hole and its an endless cycle that only ends with you losing.  Best thing to do is just do some surveys or some shit and build up lol

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Ill be honest with you. No it isn't... I'm the exact same as you... Since i found out about loans i've been taking them until I rip and then having to owe people. It isn't a good idea unless you can definitely pay them back quick. Otherwise, you will end up in deeper debt as the taxes and stuff go up everyday.

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well for starters taking loans at the time could be a good solution in our minds but trust me its not ive taken many loans  in the past but ive ripped all the time its not worth it yes u get the one off pay off but fr its not worth it man ive been in such a bad place while i had it it makes u feel bad aswell so model of the story is dont take loans kids ;)

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Loans are never worth taking them, probably the guy who loaned you takes a good quite of a pecentage for loaning you and as you have said, it feeds your addiction a lot and you sometimes don't even realize it, and you loan more and more each time you do, because you want to comeback and get all of your sats back, and you think that's exactly what is gonna happen, but most of the times it is not what happens and the user is loaning more and more and slowly starts to realize that he is doing bad things with his life by taking loans and then gambling them away.m

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There are many reasons why people borrow money. The basis here is the same: a goal has appeared for which there is not enough own money for the current moment or at all. So, many people simply do not have enough money to buy an apartment for their whole life, so the mortgage was the only way not to pay for rental housing and live in one’s own. But taking a loan for a game is the biggest nonsense....

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taking a loan i mean.. any money exchange from player to player for an expectation of having to return with interest..is kindly frown on... im saying this because is not allowed to talk about loans here.. the only difference is there is no credit check or have an item or property to put as a collateral if debt is not paid.. word is bond and trust is a big deal around here,,..and it seems a persons reputation as a scammer  or what not mean a whole a lot.. if there is a  time you gonna take one make sure you pay up.. if not then is highly recommend to stay away if you care about your status among the players.. lol... stick and stones can break my bones but words will never hurt me.. it can if you believe it enough.. 

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