Borrowing money at $19K, is not smart. I also know that getting loans at $10K and selling right now would have been an amazing idea. Personally, I was trying to get loans in summer for a quick 2x flip, so I don't believe it's always a bad idea.If that market is greedy, it's never a good idea to risk more than you can afford to lose. But if you "know what you're doing" and quite sure about things, then getting loans and throwing them into encrypted currency isn't always the worst idea. It's how some have made the most money to be honest.
I also recently invested more than I could afford to lose (going from 95% in to 98.5% when price was around $10-11K). Best decision I ever made! This was also on the basis of selling the 3.5% when price broke $18K, as it's actually money I need
Well, if you are well-known about what are things you must do in investing in crypto I think borrowing money would be fine but not the best idea. First of all, you are exposed to a vast amount of risk, yes you may know what are steps in doing it or simply have an experience but crypto doesn't always work as what we expected, if it happens that your plan doesn't work there's a high possibility that you will lose the borrowed money and now it will be added on your problems. Therefore, use your money upon investing and invest the money you can only afford to lose.I also recently invested more than I could afford to lose (going from 95% in to 98.5% when price was around $10-11K). Best decision I ever made! This was also on the basis of selling the 3.5% when price broke $18K, as it's actually money I need