my bad experience investing in Bitcoin using borrowed money from banks, which I won't make the same mistake in the future.
My dad has made a very stricket advice to us - and he always kept reminding us - don't borrow money from - Never EVER!
He aslo made a mistake of borrowing money - since he was not a finance - it took almost half of his life to payoff the debt. We always keep that in mind and dont borrow money - unless urgent.
Getting a loan is sometimes inevitable as very few people have the money to pay for a house or a car with cash, however I do think that in this age people ask for loans for almost any reason and this is one of the reasons why they cannot escape the rat race, so avoiding loans as much as possible is a good thing and they should only be used when absolutely necessary, which is why I do not really like that people use leverage, which is nothing more but asking for a loan to buy more of the asset they want, as they are multiplying their risk many times over and this means they can lose a great deal of money if they make a single mistake when they trade, something that is quite common.