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
Whether you know what your doing or not, it's always risky to take a loan and invest in crypto currencies, cause you can't tell what might happen next one bad news is all its going to take for your investment to go below what you invested, although it might return to the initial purchase price but it might take long, just like people who took loans to invest in BTC during the 2017 bull run, they had to wait for 3years for it to return to the ATH price of 2017, do you think the loaner will stay that long without asking for his/her money? 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