Whoah dude... why would you even think of investing in BitConnect? It’s a ponzi pyramid scheme. You think they can afford to pay everyone 40% a month compounded? Nope. And when the money dries up there goes your payment. May as well kiss your $12k goodbye... feel free to send it to my address I’ll PM it to you.
Words of wisdom right here, plus I would say that borrowing money to buy bitcoin
might turn out to be an awful idea if the market crashes, which it may very well do. However,
it all depends on the interest rate. I've seen people buy bitcoin (and lots of other stuff) with
credit cards, and that amounts to a very high interest loan. That's crazy thinking in my opinion
and is characteristic of bubble behavior. Yeah, you
could get lucky and bitcoin could
triple in price, but you'd be gambling hard. I say don't do it.