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
It is better not to rush to take loans when the market is bullish because there will be a high risk of loans to be paid, it is highly recommended to take loans in stable coins because they are not tied to market conditions.