I am looking to increase my bitcoin holdings and i am looking at taking a crypto backed loan with one of the leading platforms? i would be fine to take this loan out a few months ago but at this stage of the bull run how risky would it be ,i know a loan can be risky to begin with, but am i just playing with fire or is there a good chance it will pay off? it would be a 15000 dollar loan a 50% ltv for more information, thanks
Depends on how much you can risk on or on how you would able to handle it out.If you do able to repay those interest without relying into those bitcoin earnings then i think it should be fine
but if you are relying into those profits for you to repay then i would say that its already a bad idea which you shouldnt consider to proceed on but actually this is your choice
because you are the ones will really be paying off those loan but if you do look that you are in doubts then better not to take a loan but rather save up instead before making investment.