Bitcoin Forum

I have a friend who are keep on asking me if taking loans just to buy Bitcoin is ideal thing to do so?
I understand the market is very cheap right now, and because of this I just want to share some tips especially to those newbies who are also considering the same thing.

Before you apply for a loan make sure to consider this first.

1. How much money you can afford to take the risk?
2. Is the profit enough to repay the loan, is there any guarantee?
3. Can you still repay the loan even if the market continues to drop?
4. Is your collateral enough to cover your loans?
5. Are you confident about your investment decision?

These are the common questions for myself before taking loan for the purpose of reinvesting, I know this can be a good opportunity to increase your holdings but if you don't have the funds yet, better not to rush yourself and just wait for the right moment. Taking loans is good if you are responsible enough to repay it, but if you think you can't better not to apply at all.

Send the link to this thread to your friend and let him/her read the responses. If he/she doesn't get convinced to not do it, I don't know what will.

Topic: [Q]To take a loan or not to     https://bitcointalk.org/index.php?topic=5403282

Shameless plug to my response:

Investment, in like bitcoin, do not rush, the bull market may not occur so fast, even if bitcoin increase a little, there could still be a little price downturn. Just be patient, the money you think you are working for that you will use to repay the loan, instead, do not borrow and pay interest, be patient and work for the money and use it to invest. Patience is a requisite in investment in assets like bitcoin. Do not encourage friends to borrow money to invest in bitcoin and also tell them about altcoins, they are far riskier.

It is not usually a good idea, although with today's addiction to debt, if we compare borrowing for a holiday or a wedding to borrowing for investment, at least with the investment loan there is a potential return.

But the bottom line is that the decisions you make are not the same if you have taken a loan as if you are in good financial health and what you buy is done with money you have to spare.

I would say that, if we are talking about retail investors, the percentage of people who are successful in borrowing to invest is very low. Institutional investors would be another thing.

I have done this before and its been successful. There are a few things to consider especially
in this current financial climate.

1.) if you take a 5 year loan out for example to buy Bitcoin you are essentially pre-buying
Bitcoin at a fixed price, you could say you will be buying every month for the next 5 years
at $19500 ^{because of the repayments!}

2.) be prepared for Bitcoins price to hover between ~$18k and ~$30k for the next year

3.) be mindful of rising interest rates and job security in this current climate where there
is talk of a global recession

4.) consider the potential loan repayments and instead of a loan just DCA every month instead,
that way you can always skip a month when times are tough.

Just a few pointers, I'm not a financial advisor so take it with a pinch of salt!

If you're responsible enough to repay the loan, you're already have money at the beginning and you didn't need to take a loan lol. The reason why many people taking a loan is they didn't have any money while their needs or desire force them to do that. They're already calculate how much the profit and how long they can pay, but many scenarios goes wrong and they're begging to their parents or families to repay their loan.

Not necessarily, being responsible doesn't mean you have the money already especially if you are depending on your other source of income that may come along the road. Technically, this is just an advance money as a loan so you can use it and catch up the trend. Even rich people have their own loans, if you’re wise enough you can multiply this money with your own strategies.

Your list misses a point 6: human psychology. Imho if one has been using loaned money to buy bitcoin, he will be more likely to panic sell when the price goes down heavily.
I think that this is one important factor against getting a loan for investing into bitcoin, no matter how good the answers to the (other) 5 points look like.

If the purpose of taking out a loan is to avoid liquidating other assets you own or to reduce your tax returns on your investments, then it's not such a bad idea as long as your friend is financially educated and responsible enough to understand and manage the risks involved.

But, if your friend plans to take out a loan cause they do not have the resources to purchase now, but feel it's a good price to buy at and wish to take advantage of that, then that's a huge gamble I would not advice anyone to do.

High risk investments are not things you dabble into in the hope of making a quick buck, cause they are largely unpredictable especially in the short term, and most loan durations do not go long term and would accrue more interest as time goes.

I responded to a similar thread to this yesterday. The bottom line (no pun intended) of my response to this situation is to alert whoever wants to take out a loan to purchase Bitcoin or any other cryptos to make sure they've assets/cash for repayment by the side in case of loss. Bitcoin bull and bear are always in a circle. One comes as the other dies down. This circle has kept repeating itself over the years. I don't know why people tend to be in a rush whenever there's a repeat. Can't people just set up capital by the side in preparation for the bear season? We know it MUST surely come after the bull. It's like the expected sunshine after the rains. It must happen. Now, the trick is this – if you miss this bear season, wait for the next.

BTW, those rushing to buy Bitcoin now should bear (no pun, again) in mind that crypto investment isn't a get rich quick scheme. It's so they don't get burnt to the point of suicide.

Why not tell your friend to take a loan but before you let your friend take a loan, make sure your friend can repay the loan taken using the money your friend will get from work or a business if business owner. If it was me then this is what I will do, first I will check if I can pay the loan when I get my salary from work. After that, I will take take a loan and do what I want to do like buying Bitcoin, investments, trading or it depends on what you decide to do. This is the same as waiting to receive your salary then buy Bitcoin. One more thing, don't pay your loan using your profit in crypto. Why?, Because gaining profit in crypto is not 100% sure. As you have known, crypto price is volatile.

The problem with borrowing to invest is that many people who borrow to invest don't know what they are doing. It is not the same a company that takes a loan to make an investment that allows it to scale the business, with a good debt to equity ratio and having enough margin in the cash flow to meet payments than the case that the OP tells us about his friend, who sees the price of Bitcoin cheap, has no money and plans to take a loan to invest. There is much more ignorance and risk in this second case.

This can be a big help, especially now that I'm planning to have some loan again since the price of Bitcoin and other top coins are really attractive to buy right now. Questioning your own capability means a good way to self-control, loan can still be a good one. There's a so called good debt and bad debt and with regards to investing your loaned money, that can still be a good debt, just make sure you can pay it because it can ruin your reputation especially here in the forum.

It's a gamble because we never know when the market will recover and if bitcoin will really recover.

For me, it's not advisable, unless you have another source of income that will help you pay the amortization of the loan.
I'm not saying that it will fail, let's just consider the risk first, if we can accept the risk, then we should proceed with the plan, like I said it's a gamble.

Taking loans is far from ideal, but nowadays it has become commonplace, at least in my environment. On the one hand, I understand when someone does it to buy an apartment/house or maybe a car, or to go on an exotic trip - but it is completely illogical for me when someone does it to invest in anything risky.

The golden rule for us small investors is to never invest more than we have and we are ready to lose it at any time - so do not gamble with other people's money, whether it is money from a bank or a local moneylender, because in the end, you can always lose a lot more than you can get.

Taking loans for investment is something that one should always think it wisely because once its done, you will start to embrace your future struggles repaying it. Good thing if you end up investing in the right coins  and then end up prospering, but if your investments fails and never succeed, then its time for you to start looking for another means just to repay your loan. So its certainly very unhealthy to take loans especially if you have no other means that will generate an income, its better to save first and wait for the right timing that you are ready to invest.

Cryptocurrency investment is not something someone is supposed to take load to invest into cryptocurrency. Basically from my perspective i don't welcomed that as a cogent ideas. Because their is every tendency that cryptocurrency and especially bitcoin can fall to extreme point which any investor will be at the negative side of it.so getting loan to invest is a bad concept, especially to newbies who is starter or fresher into cryptocurrency investment.

Taking loans will only be ideal if you have other stable investments that have been already generating good income for you. And that your purpose of taking loans is to widen your investment or diversify your investments. But for newbies who are starting yet to build their own investment, taking loan will not be helpful at all. It will only create pressures  on your part. And by the time its time to repay your loan, and your investment is still not surging, then definitely your life will be rekt. So always avoid it from happening as much as possible.

Ideal?
Hemm, I don't think that taking loans for investing in Bitcoin is such an ideal idea.
The ideal one is that we are investing with our own money, free money in which we can afford to lose, that makes us feel usual and no problem whether the price may crash so dump again or not. Because we are investing with affordability. Additionally, investing in Bitcoin may be worthy, but it is not sure enough how long this will be back to you. If you take loans, you need to pay their interest and also to pay back again right? How is your expectation doesn't meet the reality? Will you stay calm and ready for the risks?
Many people can be rich because of investing in Bitcoin, but no one can guarantee that you will be also the same, moreover by taking loans for investment. too risky

One thing is to consider our capability to pay the debt/loan. We know the risk and tell your friend about that, if he can then why not? The intention is good and that is for investment but we should also look for some backup in the case that we can't make a profit fast, we can still pay the loan.

I do hope that your friend will be able to listen to you and he should. Of course, he could make his decision on his own but at least it was clear to him what might happen after.

mk4 summed up pretty much everything and what your "friend" should need to know.
Adding up to his point, consider also thinking about that you still need to pay the loan in the end. Think about it, if the market went bullish one day and all those returns you're going to get are purely for only paying the interest from your loans.

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While loaning comes always with a risk, the stakes are high when it comes to crypto.

Personally i can't take a loan to invest in Bitcoin, i hardly ever take loans, and the few times i have ever taken one i knew the sort of pressure i wan under when i tried to raise money to repay my creditor and things were not going according to plan, one time it led me to take another loan, as i had to borrow from a different person to complete the due sum of my first loan. You can imagine eh?

Now imagine if i took a loan to invest in Bitcoin few weeks back and this dump came, that will definitely drive me nuts, and it will indeed affect my peace in RL and my relationship with my family and loved ones, that is not something i want, thus i will only buy Bitcoin with my money, with the understanding that this is money i can afford to lose, and whatever should happen i will take full responsibility for.

this is just my opinion base, that taking loan for investment is really not a good idea, i mean maybe crypto right now is plummeting and really worth to buy but we dont know is this the real dip or not. and crypto is self is high risk  ;D

but if your friend really know with what his doing it still fine because life is choice  :D :D :D

If i go by collateral worth covering up for the loan in case the price keeps falling then it isn't worth risking. I will rather work with a loan that my income can offset. If it is Bitcoin i want to buy i will feel the risk is worth taking but at the current market situation i will rather wait a little more before i make my decision on buying. Bitcoin might look cheap at the moment but who knows it could even go cheaper than this

I wouldn't advice anyone to take loan just to invest in bitcoin, the current economy is awful and taking Loans something which is not sure is not ideal. Taking this decision might set up for life when it actually goes your way but what if it don't?

Taking loans from bank is not a bad idea, but taking loans from bank to invest blindfully is where the problem comes. Because taking loans from bank to invest in Bitcoin, I will consider it a blind investment... Ask me why.
Reason been that;
1. You don't know how long it will take the price of Bitcoin to rise so you could take your profits and pay back the loan.
2. The loan interest rate will keep counting daily, not minding if the price of Bitcoin rise or not
3. The longer the loan duration, the higher the interest rate you will pay to the bank.


So taking loan from bank to invest in Bitcoin is risky because no one knows yet when the price of Bitcoin will rise, and how long it could take for the price to good up
to a significant profitable value.

Taking loans is not that bad i guess if you have a stable job that can sustain its payment, or another investment that is already doing good. However, if you are still a newbie in investing and you just want to take advantage of the bearish market, i think that is still not reasonable. You only have to invest if you have extra money already, and that are not intended to pay your bills or for emergency purposes. Otherwise, taking loans will only create future circumstances that you will have to regret.

That is where the newbies get wrong from investing because they always anticipate the profits first, not knowing that this crypto market could make them lose their funds in an instant. But they will only get the idea once they start to experience it. Honestly, its not wrong to take a loan because you only want to make profits and progress, but if you are a responsible and practical person, you would not want to enter and invest if you have no other resources that you can rely on when things are not happening based on your expectations.

There's always a risk everytime you decide to invest, but there's always a bigger risk if you still take loans just to invest.  So its like you are putting additional pressure on your part, besides not even sure of if your investment is going to click and prosper. I don't see anything wrong if you just wait for the right time first to invest, save a good amount first that you think that you can afford to lose. Also, you can't be approved of any loan if the bank or the lending company do not see any supporting documents that states that you have good income to repay the loan.

Personally, I will never take loans as an ideal way to invest in Bitcoin. For me, this is the riskiest way to take it. For, I am not sure that I can hold that high risk, the price of Bitcoin is very volatile. We don't know exactly when it will rise again. Although we believe that Bitcoin can really rise up in the future. Butt, when?
While taking loans need a certain time to turn back. And are you sure that we still have money and get the profits when we must turn back the loans and their interest probably?

this is still a consideration for many people today, especially those who do not have cash but want to enter the market because they see the market is bearish...

In managing the loan funds that we borrow, we must have a good strategy;

• make sure first that you have funds that are definitely ready every month to pay the loan
• use the money you borrow gradually (don't spend it all to buy Bitcoin, leave 35%), because if you use it all then it's a bet
• don't invest borrowed money in new investment assets or what you hear from other people, focus only on Bitcoin

Too risky, but many people said you cant be successful without taking the risks also most business owners taking a loan and start a business always a gamble just be responsible on how much you want to loan and the possible outcome if it will not be successful, yeah its a really bad idea but sometimes it can make you a lot of money especially if you bought at the bottom of this bear market and wait for another bull run, In the end its up to your self if you want to loan or not.   

If I should ask why who one think of taking loan to invest in bitcoin?  Generally it is not advisable to borrow money you don't have or can't afford at the moment to invest because every investment has it own risk,  and we all know cryptocurrency in general is risky because of it volatility in  nature, the market can be bearish without anyone expecting it.

One who thinks of taking loan to invest such person sees bitcoin as fast money making scheme and and investing what cannot be afford. Normally in bitcoin it is not to ideal to invest all one has in the account,  then talk about taking loan to invest. Cryptocurrency should be invested accordingly,  the amount that can suit your income.

Taking loans to buy cryptocurrency is like walking in the dark with your eyes closed.
Loans are risky venture and now using it to buy cryptocurrency is much more risky.
You don't have control over the market. The price can be up one minute and down the next.
It is always advice for your sanity to invest what you can afford to lose.
I could take a loan to build a house or buy a landed property, but invest a loan in Crypto is a no no for me.

Getting a loan from a traditional bank can be compared to margin trading. In both cases, if the price of bitcoin, contrary to your expectations, continues to decline, you will lose your money. In addition, the price of bitcoin may be in a long accumulation and you will not be able to get a quick profit, but you will have to pay interest on the loan at this time.

Cryptocurrencies are too volatile, and taking loans to prolly start or grow your business is quite different. When you take a loan for your business, a large part of the job falls on you to use your skill and knowledge to grow the business so you can pay back before your loan is due, you are at liberty of applying your business skills and make smart moves for the success of your business, mind you i am not saying it is certain that your business will succeed, but part of the responsibility to make it a success is on you.

But it is quite different in crypto, you control nothing, you just buy and see what happens, more like gambling, i know Bitcoin isn't a gamble, but that is if you are talking long term, but in the short term quite a lot can happen to give you a hard time in RL if you invested with borrowed money. Thus what if your loan is a short term one and you have to pay back as soon as possible; I do not consider investing with borrowed money to be a smart risk, you could land yourself in big trouble if you do that.

I don't have to think about taking out a loan to invest in crypto especially bitcoin. If I have collateral then I prefer to sell it to get capital without having to think about repaying the loan. The risk may be the same due to a fluctuating market, but I can still minimize the risk of bad credit if the market is not good enough.

In addition to paying interest, you also have to pay the loan principal within the agreed period. This will not be good if you want to invest because the borrower will actually ask you to pay installments every month until the loan is paid off. So the best option if you have collateral is to sell it and invest an amount you can afford to lose.

Even by investing some part of your savings to crypto is already a risk, so I would not want to increase that risk further. The risk that business owners take is entirely different to investors to crypto. There is no volatility and it can be easily managed through research or feasib studies. Sure, we can research good coins out there to invest, but volatility would say otherwise.

Borrowing money to invest in such a high volatile market (cryptocurrency) is the same as taking a loan to gamble. It's too risky and I would never recommend any one to do it.

What makes you think that bitcoin is cheap right now! Do you have any guarantees that the price will not drop any further? Just remember what happened few days ago when the price fell from $28k to $22k in few minutes, so what you believe to be cheap right now may become expensive in the next hour. Is your friend ready to take such risk?
"Don't invest more than you can afford to lose! "

That all being said.
Even though the reason for this loan is good and for the investment plan, we also have to consider our capacity to repay the money. Having some backup like in a form of collateral or other sources of income is very important as in the case that our investment will fail (hope not), there is something we could get. Taking a loan shouldn't be rushed, yet it needs to be planned well.

Well, I see the big risk on the lender side, not those who took the loan. That's up to the lender to asses the capacity of the person, otherwise, he is the one who suffered losses in the end.

Taking loan is idea but not the best as an advise especially when it comes to crypto loan. The crypto market is not certain and taken loan for an investment in crypto can be frustrating when the market is not turning positive. I know I have taking small scale loan before and I know how challenging it was having to pay with large interest rate and if the reason for the loan is not achieved then things might go wrong. Collecting loan is not the problem but paying the loan can be challenging to most persons.

I will say ever NO, but the only way for me to do this its if you have the money to cover the loan plus the interest rate.

Let me explain. If you borrow 1000 you have in you saves 1100 so if all gone wrong you dont go bankrup, yes you lost your saves but you can sleep without a sword over your head.

I know the lecture its "correct" we are bottom deep and we have to go upside, but not always works. And like a few say before, this can take time , and maybe you need to cover that loan before that bull runing.

In other thinks you never know when you can have an emergency and need the money.

Just a mere fact that he is asking, your friend is not sure if taking a loan to buy Bitcoin is a good idea, it's not a good idea and I myself discourage this to all my friends not even using your family saving to invest in the market in a bear trend is a good idea, the market volatility is very high in the bear period it could go down further for an indefinite period of time and if you take a loan to invest you'll end up having to pay interest and the principal with your own money while you're waiting for the market to improve.

It is a nice idea to get a loan and buy bitcoin now. The idea is cool but you must have to put some things into consideration. Things such as;
The longevity of the loan: If you can get a company that will give you a loan of 5 to 7yrs duration, it is fine. Buy bitcoin now and you can't regret it by then.
While still going for the loan, ensure you don't go against the rule of not investing more than you can loose. There is no harm, take your loan and do 3 times DCA. Buy 50% now, few months time Buy 30% and later buy 20%, then wait for your testimony in 2027.

If you have a stable job that can repay it, then why not? However, taking loans is something that should be wisely planned because it won't just for only a month or two, but you should deal with it for even a year or two, so it's always better to plan its payment ahead so it won't create troubles on your part. Although investments is a good choice over just safekeeping your money in a bank, but it won't always guarantee profits in the end, sometimes even if you do your best with your own strategies, it still fails in the end and lose your money. But having to invest in the right choice of investments will probably create more profits than losses, and crypto investment is never an exception.

Well, your friend might be a dare-devil risk-taking life-is-too short Rambo. He or she may believe that their money will 100x and they will be able to repay the loan and while they make a huge profit. I can't blame them. Bitcoin means different things to different people and we are therefore driven by it.  In my estimation, he should go for it. We might end up reading a blog post of his experience no matter the out.

Well this won’t be old news for experienced members and members that choose to do their research, it’s never top of the list advice to encourage anyone to take a loan to invest in Crypto-currency, most loans has duration periods, thats period of loan pay back and although this varies it’s most likely there especially is it’s an official loan, as we all know the volatile nature of Crypto-currency, it’s unpredictable and you can’t tell what financial position your crypto-currency investment would be at the time the loan expires.

Collecting loan to buy bitcoin simply mean investing amount of money that cannot be afforded. Taking loan to invest bitcoin can work for some people and it can also not work for some people. But it is not a good idea for one to think of taking a loan to invest because of the risk and volatility that is involved in bitcoin.  Planning to invest in bitcoin their supposed to be a source of income to always back the investment up, than not having anything and the next step to take is to take a loan to buy bitcoin.

Taking loans will be ideal if you have stable source of income and can able to full repay your debt if something bad to your investment. But if you just ride the hype  and take loan since you want to risk without having an assurance that you can pay and just think about you can profit then pay your debt later then this is totally BS after all because in times of disaster for sure this could give us a huge problem.

If one has the disposable income to do so and is at peace that all of it could be lost, then I would say now is as good a time as any to do it.  If the market was at or near peak, I would recommend not now/hold off/wait to avoid the potential wipeout that could follow if/when the price drops.

I do agree with your posts, OP.

The problem with loans is that you are exchanging a guaranteed liability to something that is absolutely risky on itself. The proceeds that you may earn in a high-risk investment can be potentially dangerous especially if you have no other means to repay the said loan. Though I know a handful of people who had successfully done this kind of venture, I still highly advise all to do so as it will most likely lead to more liabilities.

If you want to utilize your loan, at least use them on things that are relatively risky- not on high-risk investments such as cryptocurrencies.

For me, taking a loan is tantamount to the fact that I completely lose peace of mind during the period of my debt. And even more so, we are talking about buying bitcoins, which do not have their own stable price. What to say about a person who can decently lose his psychological health? This is that with every step, he will make even more mistakes... For such loans, you need to have a stable income, which, in spite of everything, will be able to replenish the monthly interest, as well as strong nerves. But in my country, unfortunately, and indeed in the whole world, there has been no stability for a long time.
Therefore, it is better to sleep well than to twitch at every bad financial news.

You might get worried on 3 things first is if you can able to pay what you borrow, second is can I get a roi/profit on that lended amount and 3rd one for sure you get worried about volatility since if the price of borrowed altcoin or bitcoin pump up for sure we will pay more higher price and that is so stressful action to do that's why borrowing is not a good option to do in any case upon buying crypto.

That is a big factor to consider but even if there is nothing for as long as your business is running and already in profit, taking a loan isn't wrong. However, if the purpose of taking a loan is to invest in crypto, I don't recommend someone to do that, especially if you just rely on the profit that you will get to pay for the debt. I know it was a good attempt but putting in crypto is a wrong decision. We can't assure profit from here, that is why many people will not say it is okay as this possibly compromise yourselves in the day's coming.

The matter was for once but this  given to my  hand a  calculator. For some time I thought of mortgaging the land and buying 1 BTC . But after this I saw  these questions
And also understood that being to much greedy it's not good.

Taking a loan to feed an investment is really not a bad idea only if you're taking such loan for the right investment and with a higher certainty of a return investment based on what, where and how you're investing.

I remember a relative of mine that took a loan to invest it in his line if business, today he's a Big Short in the sense that his area of investment paid off, but when it comes to cryto trading, involving loan in it to be used as the means of investment I will advise everyone should avoid.
The market is not your mate!

That's exactly what I meant. By itself, a loan is meant as temporary assistance so that a person can start their own business and eventually pay off their debts. For example, I pay interest on a loan I took out to buy my own home. For many citizens of my country, this is a fairly common occupation. But risking buying cryptocurrencies on credit would be a very ill-advised move.

But I do not reject those moments when a person has a lot of experience in trading as well as a financial strategy. I think a person can expect ruin without this.

In line with the discussion, I must remind you that the number one business in the world is debt. Selling debt in all its forms, personal loans, mortgages, credit cards, deferred payments for consumer goods, etc.


In other theads I have commented that the ideal for a person or family is to get into debt just to buy a house to live in. Nowadays it is common to get into debt for other things, like buying a car for example, but consumer loans are a financial ruin.

Better a mortgage for your house and the consumption: cars, washing machines, trips, etc. pay it with cash. And investments, which is what this thread is about too. It is a question of percentages and risk: on average an individual investor will do much better if he invests with money from his own pocket than if he takes a loan, and he will be more relaxed, as your previous message reflects.

This is definitely not the best idea. Borrowing money to invest only keeps you in debt. You aren’t really investing then, because why the impulse? If you have FOMO, just wait until you have sufficient funds. Until then, use the time to learn about the market a bit more. Good luck!

I also don't like to take out a loan to invest, especially in high-risk investments. Even though I can afford to repay those loans, it seems that every time I invest money borrowed from my loan, it puts pressure on me and makes me wonder where to invest to earn soon profit.

Bitcoin can be considered a good investment but with its volatility and unpredictability, we never know when it will rise again. So I just invest with the money I have.

If you can borrow money to start a business, you can borrow money to invest in bitcoin. Why did I say so, it is obvious bitcoin will give you the profit that you desire. Then the point to note will be the conditions behind the loan. How long and what is the interest rate. The profit that bitcoin may give you in 3 to 4yrs time, will it be able to cover for the interest of the loan and then you still have enough after you subtract your capital. If it doesn't worth it please don't do it.

Also remember the trauma that you will have to face waiting for bitcoin to rise. You will keep checking your portfolio for years and not have rest of mind. If you are able to bear this, you can borrow abs invest

This is indeed a very good advice and things to consider before taking a loan for the purpose of investing in bitcoin or any other crypto currency.
To be honest, I've seen a lot of loans taken and invested in crypto that did not end well,  many have lost valuable assets they used as collateral in the process of taking a loan.
I, personally would rather not invest in a coin than to take a loan for that purpose, investing my own personal money gives me peace of mind, for I know that, even if at the end of the day, the investment didn't pay off, I have no body to come knocking on my door to pay them their money back.
On a very rare occasion will I borrow or take a loan to invest in crypto, and when I do, I must make sure it is somebody I know personally, maybe a  close relative or friend, whom, if at the end of the day, am unable to repay the loan on time due to some reasons, the persons would understand and not use that as an avenue to rip me off.

Taking out a loan to invest in Bitcoin or cryptocurrency is never a good idea, and should be the last option an investor considers. As we can see right now, the cryptocurrency market can never be predicted; the market is sinking deeper every day. If you took a loan to invest when Bitcoin was around $30k, you will now be regretting that decision. The simple analogy is that you should only invest what you can afford to lose.

All these listed by OP are essentially important to put into consideration before applying for a loan, I'd thought about some reasons behind taking a loan as unnecessary and unsolicited, why take a loan in the first place, the best reason why a loan must be taken is for business expansion, in which it is aim at a particular target to be met, but the other reason that is not genuine at all that warrant for taking a loan makes the debtors suffers a payback of the loan.

You can never know for 100% if crypto is going to rise or drop... even though if's really cheap right now, i would say taking loans is very risky, you can remain with nothing at the end

Has always been risky. Riskier than the market.

For those that has other means of earning and they can repay the loan by that source of income, they'll really consider that it's okay for them to take a loan because they can easily repay it.

But those that have plan to pay it from the result of the market 2-5 years from now, that's the riskiest thing to do and the lender will have you sum up all of those interests that you might be surprised of paying it in total of accrued and accumulated.

Taking a loan for investing on something that is very volatile will not always be a good decision. How will he pay that loan? Is he thinking that he will just wait for bitcoin to pump then pay it? What if the market takes longer to recover than the deadline of his loan? What if it's just breakeven when you sold it, then you just wasted your time buying and holding that bitcoin.

For me, take a loan only if you have other source of income to pay it. Bitcoin is a good investment for long term but is very volatile so don't be in debt just because of its increasing value that you see.

sure, for people who can easily pay off loans they take, it is risky but not fatal. otherwise, it's just stupidity i would say

Definitely, for those that have a lot of sources to pay and cover that debt, that wouldn't be a problem to them as much as those that have taken loans without even planning it well.

Learn it from those who had done it before and they've encountered a problem hardly and badly. You don't want to happen that yourself if somebody is planning to do it.

This is the most difficult part that people who buy bitcoins have to go through with borrowed money especially if there is interest, seeing the value in usd continue to fall and have to keep paying debts with interest, only experts who understand the btc cycle can survive if they don't understand it will be very possible to be very stressed and lose a lot, sell btc cheaply and pay debts with interest.

It's not ideal but if you are willing to take the risk, it's up to you.

I know some people who are successful when it comes to investing in crypto and they borrow money or sell their property to reach the success they are enjoying now. They are risk-takers but I would not suggest following the same decision especially if you are not ready to accept the losses in case things won't go based on your expectation.

Invest what you can afford only, which means don't borrow to invest. :)

On a norms it is not advisable to take a loan for trading or investment because of the volatility in cryptocurrency. For those who think making a decision like this will be better for them, they can make their decision because it may eventually work for them for good. But in the crytocurrency world taking for investment is a serious risk.

There’s always a risk with taking loans and we should only take advantage of this if you are confident about your investment strategy and not because of the market situation. There’s still a chance that the coins/tokens you are planning to buy will not be able to survive and that could be a big mistake for you. This is good suggestion OP, and always a good reminder to those who are planning to take such risk, better to consider this first.

Well, the idea isn't totally wrong as it has a reason and intended for good. But the question is if there is another source of income to cover up once we fail in crypto or once the profit is delayed? This is the thing we need to consider first before taking a loan as many people missed that and that compromise their finances leading to committing more debts.

I don't say we won't but just I've said " we have to consider our capabilities to repay it in time", otherwise.

Taking loan to invest is any form of business is not advisable because business is a risk. Although most businesses are using borrowed funds to run some successful ventures. But the crypto business is very risky because of its fast and unpredictable volatility. Hence, taking loan to invest in Bitcoin and any other cryptocurrency might not be ideal. I can only take a loan to invest or buy a house if I don't have one because that house would serve as an investment while also meeting my accommodation need.     

Usually is not a good idea to invest money that you can't afford to lose.
And in crypto this rule is even more important.
I would recommend your friend to invest jsut what he actually has and what he can afford to lose.
The time frame between a bear and a bull market can be quite long.

To be honest, I haven't considered taking out a loan in the past year for any need. This is not a good time for me to think about it especially because of rising inflation. My country has experienced more than a 4% increase in annual inflation and that's the worst percentage for the past few years, so I'll be ignoring a loan or something while I can afford to make ends meet.

The idea of ​​applying for a loan for investment had actually crossed my mind a few years before, but it was only a hope that did not materialize, especially in the very bad financial condition of the Covid 19 pandemic. Now and for next year, I still will not do it even though I currently have a number of collateral.

It's not an ideal thing to do in order to purchase some bitcoins. Bitcoin is a volatile asset, if you loan now there's a good chance that bitcoin can go on more lower prices on a short term that can make your loan a headache. Most of us expect bitcoin will rise again but it will take years before it enters bull market again so Investing on crypto should be done using your own money that you can afford to lose because on how much volatile crypto market are.

There's a great risk but also there a good chance you can take advantage such as reducing tax and also profiting out in your loan as long as responsible on paying it. But my personal take is not to loan for the means of purchasing some crypto. 

Taking a loan to invest is never a good idea. Just think about it, you will have to repay with interest or not, that’s secondary. Isn’t it better to just invest with the money you already have? If you don’t have the funds, just be patient until you earn it. Until then, you can spend some time learning. When you do have your own funds, that’s when you invest. See, the market is already a risky place to be in, you do not want to make your journey harder than it already may be! Good luck!

It should never even an opinion,  what is the point of taking a loan to invest or trade and maybe the market becomes so bearish , that will be so stressful to come out from the lose of paying the loan and trying to be fine emotionally from the lose. Taking loan to invest or trade is a wrong decision to think about honestly.

We need to understand that it's not about taking the kian that matters vut if not the adequate plan for how to execute the loan into a profitable means, it's not a bad thing to go for a loan on an investment but some conditions must be met that warrant taking the loan, i believe loan is not for everyone but only the established businesses seek for loan service in other to create an expansion of which they have alternative sources to make a payback as well unlike an individual that does not understand the whole concept.

Taking a loan is not a good idea because the market is volatile and there is no guarantee how it will turn out to be. Take the recent example. Imagine those who invested in Bitcoin by taking a loan. Today, they are facing losses and also have to pay their debts.

They are not really facing loses only if they can hodl but it seems impossible because it is expected to use the profit made from bitcoin to pay back the loan. Taking loan to invest in bitcoin is a big parasite that even if you tried to hodl the bitcoin,  you will be in tension and panic to quickly pay debt. Its never nice to take loan for investment.

I am personally taking loans if its really necessary, but when it comes to investing, i don't think its gonna work. Although we know that there's always better future in bitcoin, but knowing when to make profits in a very unpredictable market will always be uncertain. So if you take a loan for a mere investing, i guess that will give a lot of pressures on your part especially if you have no stable source of income other than your investment.

Bitcoin is a good investment, but taking loans to create bigger opportunities to accumulate more bitcoin is something that i don't see its ideal to do.

I wouldn't say it ideal to take loans just to invest in bitcoin, what I do tell people who want to invest in bitcoin is that always try to put in the money you can afford to loose, because with bitcoin there are no guarantees. So always try to put in what will never be setback to you even when the market falls.

It is never a good idea to take loans, and use it to invest in financial markets. Moreover, crypto is a volatile market. Look at the current scenario. Only invest the extra money you have. Do not invest anything beyond that.

I still don’t suggest taking a loan as much as possible even if you are capable enough to repay it from your other sources of income. Although your intention is to increase your profits through having another investment, but the fact that you have to pay the capital plus its high interest, that really sucks. You may gain profits out from your investment, but I think the profits will only cover the interest instead. This is why it’s better to save for it than just being in a rush and commit into a loan.

Coming back to this thread, I read that some people would do this kind of stuff just to "contribute" to their credit score so that they would be flexible in the future in terms of availing such loans, though for me, I would not risk that loan over something volatile.
The stakes are high for this and your credit score would depend on how much crypto goes in couple of months or depending on the time that you are required to repay the loan.

Yup, it's best not to borrow for highly volatile investments like Crypto. it's good if predictions and analysis are in accordance with market conditions, when it wrong, what happens? The borrower will experience 2x losses, capital loss and a loss because interest is not deducted. Actually, I am a borrower, and this is bad. When we borrow money that requires interest, this can add to the interest itself which can trap us. Avoid as much as possible, because this will be very complicated. I can say this, because i have an experience with similar conditions.

Beginners must avoid taking loans for the investment in Crypto.But someone who knows how to make proper investment and have enough technical analysis can take loans. But I will suggest when you aren't a pro trader don't take any loan otherwise it will be the worst decision because of high volatility in Crypto market.

Whatever the investment if we use our own funds it will be calmer. Even though I think indeed everyone's thinking is different. They are free to choose but they must take responsibility for their choices. I agree with you, I think using the funds you have does not need to be in debt. Make the most of what we have, because I believe big starts small. We must be able to make the most of it. I think it's the best option. But in reality there are also those who owe debts. Some succeed, some fail. So just adjust our abilities and be prepared to bear the risks.