I am considering taking a loan to buy btc and eth, is it a good idea? Because btc and eth always go up in long term. They never die. There seems to be a great chance of getting huge profit instead of losing money. A few years ago somebody in this forum asked others the same question and everyone told him not to do that, look at the price now. If that guy did, he would have been rich now. Nowadays the situation is not different, the price will continue to go up. I think people who invest more will earn more profit eventually. What do you think?
It's a no no for me. I will not recommend you to take a loan it will just bring you down mate believe me. I highly recommend if you are willing to take risk then you should try ICO bounties because it is acceptable to lose time than lose our money most especially if it was from a loan. Considering that you are new to this cryptocurrency world, did you really know the possible consequences of your plan? Cryptocurrency is volatile mate it's unstable and I don't think if you really know what you're doing. Investment is risky but if you still insist your plan then much better you will be having a good timing, methods and strategy in investing crypto markets for you to be able to pay your loan. I know loans have interests but you can still invest anytime you want since Bitcoin continue to skyrocket these days and hopefully will still in the future.