If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it
here. Well, this is one really interesting topic so I though why not discuss here.
What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?
I do not consider this idea to be good and wise. Lots of people had bad experience after such a rash, inconsiderate step. Especially in 2017-18 when it was a boom on ICOs and drops. Personally know some stories when people even kept their cars or real estate as collateral. The risk is too high. Investment should be from those assets that are not required for tomorrow and not for your food or whatever. It is a golden rule that should be remembered forever.