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Save my name, email, and website in this browser for the next time I comment. Under no circumstances does any article represent our recommendation or reflect our direct outlook. Moving forward, in spite of the losses, Cryptohomie has not given up, asserting that he is currently investing in Ontology, Elastos, HPB, and NEO, declaring that the small money he borrowed was just seed capital and many banks in the UAE easily grants such loans. Receive three exclusive user guides detailing a What is Bitcoin b How Cryptocurrency Works and c Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights. According to the crypto investor , he still has over three years to go before he repays the entire amount. Borg asserts that the biggest challenge with innovation and technology is that in most cases, they are known to outrun regulations. On the other hand, some members of the community were critical of his situation, claiming that his risky purchases was one of the reasons why the market reached the highs of last year. Kraken VP: Please enter your comment! According to Joseph Borg, an official from the Alabama Securities Commission, people went as far as taking out mortgages to purchase Bitcoin. China's Bitcoin Exchange ZB. Market Cap:
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Market Cap: Towards the end of last year, at a time when the value of several cryptos saw a rise in pricing, the US securities regulator warned individuals not to borrow loans to purchase the virtual assets. A Look At Moving forward, in spite of the losses, Cryptohomie has not given up, asserting that he is currently investing in Ontology, Elastos, HPB, and NEO, declaring that the small money he borrowed was just seed capital and many banks in the UAE easily grants such loans. On the other hand, some members of the community were critical of his situation, claiming that his risky purchases was one of the reasons why the market reached the highs of last year. According to Joseph Borg, an official from the Alabama Securities Commission, people went as far as taking out mortgages to purchase Bitcoin. Get Free Email Updates! Save my name, email, and website in this browser for the next time I comment. You can unsubscribe at any time. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. A virtual asset fanatic who borrowed a loan to buy virtual assets has realized losses after the cryptos lost much of their value. China's Bitcoin Exchange ZB. Under no circumstances does any article represent our recommendation or reflect our direct outlook. It is worth noting that he did not spend the borrowed funds to buy Bitcoin. Use information at your own risk, do you own research, never invest more than you are willing to lose. He hopes that this will be a lesson to other crypto fanatics. Please enter your comment! Please enter your name here. Load more.
One user claimed that it was the actions of people like Crypothomie that banks had to stop permitting the use of their cards to buy virtual assets, which left many crypto fans complaining of the move. You can unsubscribe at any time. Towards the end of last year, at a time when the value of several cryptos saw a rise in pricing, the US securities regulator warned individuals not to borrow loans to purchase the virtual assets. Find Us: Please enter your comment! I will never give away, trade or sell your email address. According to Joseph Borg, an official from the Alabama Securities Commission, people went as far as taking out mortgages to purchase Bitcoin. A virtual asset fanatic who borrowed a loan to buy virtual assets has realized losses after the cryptos lost much of their value. There were mixed responses from the Reddit community, with some being sympathetic. On the other hand, some members of the community were critical of his situation, claiming that his risky purchases was one of the reasons why the market reached the highs of last year. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. It is worth noting that he did not spend the borrowed funds to buy Bitcoin.