I'm buying ~500$ in Bitcoin every month with part of my salary. I have a stable job and my company is doing good. I'm wondering if it worth to take 20.000$ to buy 2 BTC now and pay the 500$ as loan installment instead of buying sats every month. I believe in the potential of Bitcoin to reach 50k in a couple years, but it wouldn't be possible to buy near half of BTC at the 500$ rate, so this would be something like an "advance". Hypothetically (but still possible in some probability), if BTC collapses and never recover from 8k, I would still be paying this loan for about 3 years but wouldn't starve or something like that, it would just sux for a while, since I still have another source of income. I know it's not the place to ask I will do whatever I think it's best, but if you were in my position, would you do it?
Buying bitcoin using loaned money is risky, Investment should be done by your extra penny and not by using loan. You are only giving yourself a big problem in the future. 20,000$ is a huge amount, if you have invested it in bitcoin, you have no assurance when it will increase. Think of the possible things to happen before taking the risk.
I agree with this! Do not get a loan just to buy Bitcoin. Bitcoin has a huge potential but there's no guarantee when it will boom. We are on the early adapters stage. What if it will take more couple of years for cryptocurrency to be acknowledge worldwide? By that time, the interests on your loan will be sky high. $500 every month, if you do it consistently, is already a good strategy. You only need to know when is the best time to buy.