Hey Bitcoin Community! Essentially, I would like to know if you would ever consider taking out a loan in bitcoin? If you have previously taken out a loan, please share your experiences! What were the pros and cons, and what would you improve? Thanks 
I took out a 350 BTC loan to pre-order mining equipment from ButterflyLabs. This was when the price was about $50. That $15,000 loan quickly turned into a $350,000 debt which I felt compelled to repay. After a couple years, I have repaid nearly all of the lenders and am on schedule to repay the remaining lenders this month. That huge increase in debt nearly crushed my organization, but I believe it shows a great deal of strength and character that I stuck around to operate NastyMining in order to repay this massive debt. I look forward to resuming growth and operating with a debt free future.
My advice is to never receive a loan denominated in BTC. It is simply too volatile and either the borrower or the lender is going to get screwed. Always hedge your bets.