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?
This partly depends on how much loan will you get,And is this loan with favorable conditions?(Easy or difficult interest rate.Business loan/Consumer Loan) and how much will you pay to recover loan,If your business idea fails.But I still do not recommend to be dependent on the banks.Especially,I do not recommend you the Mortgage loans.Yes,Its true we believe,That btc price will rise up, But what will you do in another situation? How will you pay your loans?
This decision should be taken by only you,People who wrote that such approach was profitable for him,It does not mean that this will be same for you,and If numbers/% of loan are not your thing, hire a financial professional to explain everything.