Quote from: Thara20 on Today at 12:43:35 PM

Wow! I do admire your courage in taking out a loan just to buy bitcoin. However, according to me, this is not a wise decision.

Exactly, we can buy half of Bitcoin if that is the only amount that we can afford to buy without borrowing money. In fact, we can add more if we already have spare money just for the sake of not compromising our finances.

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If you have another source of income, it would be preferable to use it to pay off the debt rather than rely solely on the profit you anticipate from one bitcoin over the course of the upcoming years. However, if you're going to rely on it, it would be much better if you used a Dollar-cost averaging strategy as opposed to taking out a loan to buy bitcoin. Under DCA, you could have divided the total investment amount and purchased the crypto asset in intervals.

It should be important to consider how to pay these debts and bank loans before we decide. We even don't know when the market recover so we can pay our loans. Maybe, at least having an additional source of income could help and be considered as a backup in case the bear season stays long.