People have been living in debt for thousands of years, the oldest bank in Italy seems to be about 800 years old.
There is nothing wrong with the loans themselves. It is only important to be able to properly manage money.
In this case, it should be understood that in fact in the crypto you are not trading/ This is gambling. Therefore, the risks must also be calculated like in the casino.
But in general, it seems more logical to buy equipment(GPU maybe) and mining ETH or other coins, at least you can return some money in the future.
If you're newbie in trading and if you're going to trade altcoins, you should know that you can easily lose up to 99 percent of the deposit in a couple of transactions.
Who remembers the substratum knows what is that about.
We are not talking about shitcoins in this thread. Maybe refocus your answer/response in terms of discussion of bitcoin so at least you are talking about the correct underlying asset instead of getting distracted into off-topicness...
Otherwise, your first paragraph in which you assert that proper money management is the key to considering the whole matter... and yeah, hopefully we would not be using a loan to gamble but instead to invest - and sometimes the line between what is investing and what is gambling is not exactly clear and it depends upon the approach of the person getting the loan in terms of how to manage the funds... including how to calculate the risks and to account for both the upside and downside scenarios.. even extreme variations of each.. and at the same time having a plan for any of those scenarios including considering if it would be worth it to get the loan and to take those various risks that go beyond merely investing without such a loan.
Yes, here I probably got distracted by GPU mining when I mentioned altcoins, but this happened because I think that this is the simplest and most logical step for a beginner, in case if you will fail in mining you can be sold equipment or used it.
Bitcoin mining equipment costs much more than GPU equipment and it will be much more difficult to sell it if a bear market comes.
And so in fact, except for bitcoin (well, maybe ETH), all other assets have a negative correlation in the long term.
They may grow for a while, but over time, other, "new" altcoins come in their place. In fact, there is no market without bitcoin, and if we already consider some asset for long-term investment, including using credit funds, then this is bitcoin.