"Can I take a loan to invest in bitcoin" this question was asked by a friend
My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.
What is your advice?
One should never take out a loan to invest in Bitcoin. No matter how profitable a Bitcoin investment is, investing with debt cannot be done. We know investing is the riskiest business. If you invest by buying bitcoins with a loan, and after a few days your investment loses a lot, then the lender will force you to repay the loan where you will have no way to repay the loan. You will face a situation when you cannot pay even if you sell your investment. At that point you have to sell your house and other furniture to pay off the loan. In that case you have given your friend the appropriate answer. If one can invest one's own money, invest it. Otherwise no one would invest with debt