"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?
invest in Bitcoin requires steady flow of income, if you are giving free money to invest in Bitcoin and you still don't have a good source of income I am not sure if you will be able to invest well because since you don't have a steady flow of income, your mind will definitely be in your investment so I think even borrowing money to invest in Bitcoin is even worst because you don't have a steady flow of money and you still need to repay the loan in which you collected to invest in Bitcoin.
So my advice for you is that you just need a source of income before you can think of investing in Bitcoin with the amount you can afford to loss. For one to think of bring money to invest in Bitcoin the person I have the mentality that profit can be gained to pay back the loan.