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"Can I take a loan to invest in bitcoin" this question was asked by a friend
What is your advice?

Investments in Bitcoin or other cryptocurrencies can never guarantee you a profit. Yes it is true that it is possible to make huge profit from here but there is no guarantee that how long after investing you will get good profit. When you take out a loan to invest in Bitcoin, you must repaid the loan with interest. So if the price of Bitcoin takes longer to rise, you will have to pay more interest. So you must stay away from loans when it comes to investing in crypto. Because the price of Bitcoin may decrease after investment. so be careful from thinking about loan when you will invest in crypto

As a business person that has taken micro loans a couple of times from banks, I know from experience that banks will ask you how long you've been in the business before they will consider your loan application. If your business is below one year, they will not even consider giving you the loan, because you're not sure of making profit to repay the loan as at when due. So in essence, taking a loan when you're not sure of making profit at the stipulated time of repayment is a bad business decision. Because the borrower might end up worse off than when he collected the loan, if the expected return or profit does not come at the repayment time. So it is better to start any business or investments with your own capital, no matter how small. So I agree with you that it is not good to take a loan to invest in bitcoin, because it might take a longer time before you start to gain, but your loan repayment might not wait till that time.

in my humble opinion about the loan and investment is - DONT TRY THAT AT HOME! its dangerous
A person who has a job or an established business can invest in Bitcoin with a loan. Because Bitcoin investment does not always guarantee profit. and a person cannot save much money for his monthly household expenses and other expenses by getting salary from job or profit from business every month. so in that case the person can take a loan and invest in Bitcoin and hold it for a long time and repay the loan in installments from his job salary or business profit. In this case, even if a person takes a loan and invests in Bitcoin, he will not have any problem

Yes, I think if a person takes a loan from the bank to invest in Bitcoin besides his job, then it is good. But if he can't invest in the right coin with the loan, then he will be in trouble. If you can keep investing in Bitcoin, the possibility of profit is very high.More I think it would be great if you can invest in bitcoins alongside your job or business.

Yes that is a good point. Investing with loans is already very risky. If it is invested in a wrong coin then the investor may lose the loaned money. So of course it is better to choose Bitcoin to invest for loaned money. So in that case, even if that investor is in loss for a long time, at least he is not afraid of losing all his money. Even if the price of Bitcoin is in a long period of loss, it will have a high chance of recovering again, which is not the case with other coins. so considering this, it is better to invest the borrowed money in Bitcoin