If you can pay your loan without depending on the outcome of your investment, then go on. Taking a loan will maximize the potential outcome of your investment, but since we are talking a volatile and unpredictable investment here, the risk to lose should not be forgotten as well.
Know your best options and your reasons why you want to take a loan. Now if you can manage the risk whatever the outcome is, and you can undoubtedly pay your loan with your main source of income, I don’t think taking would be an issue.
My question is, if someone can pay those loans with their income and savings, without depending on the outcome of their investment. Why should they borrow money when they can use that money to invest in bitcoin using the DCA strategy? That way, they won't have to worry about paying off debt, and their investment will also be safer.
In my opinion, it is clear that people who intend to borrow money to invest are mostly people who have no income or savings. They don't even have a good plan and what they do is just greed and regret seeing the amazing growth of bitcoin.
So they should not borrow money, because they are just gambling, not investing.
You're right about that point. However, what do you think about business people who already have a stable source of income from their businesses,
do they still borrow large amounts despite already earning a lot from the businesses they have?
The same goes for people who have a stable source of income; I don't see anything wrong if they take out a loan and are qualified to borrow
from the bank if they are going to use it for Bitcoin.
