What is your advice?
I think investing in cryptocurrencies should not take a loan at all. Because cryptocurrency markets fluctuate widely and it can result in profit or loss if invested at any given time. And if there is a risk of losing money later if you invest by borrowing, then you will end up with a lot of debt towards life in the future. So my idea is to invest without taking a loan and save a small amount from your earnings to invest later. Such investment should be done only then one can expect good things in future.
I don't think at all to invest using borrowed money, because the risk that will be taken will be 2 times bigger. I'd rather be late to save money first than have to rush using borrowed money. We have to return the money we borrowed, and at the same time we have to control our emotions when investing. Obviously investing requires patience, and if we are impatient it will frustrate us. Don't be too hasty when we are going to invest, we have to really consider all aspects, especially when it comes to money, we know money is a sensitive thing.
What about people with stable incomes? Can they borrow money to invest? I mean, let's say we are in a bear season, and that is considered the best time to invest because the risk is also lower and the profit potential is higher. But for some reason, they couldn't have enough money to invest at that time and decided to borrow money in this case was a mistake? For someone who has a stable job, a stable income, and can pay off debt with his salary, I think borrowing money to invest is possible.
managing a business on loan is something I would not suggest.
Because when you does that you are always worried - I did try investing the loan amount and it was an utter disaster.