It also depends on the responsibilities someone has. I just read again about taking out a loan to buy BTC. Honestly, if it is the year 2014, someone has little to no responsibilities, no family to feed and is at a young age and not exaggerating with the loan amount, I think it could be a risk that is worth taking. I have been reading some wild posts here in regards to financing BTC investments, like selling the wife's jewelry and stuff. But if someone decided to take out a moderate loan after crunching some numbers, knowing that if it goes wrong life would still go on quite comfortable, then why not go for it? I know people who have invested so much time into understanding BTC back at the time and if they came up with a well-considered approach to build their portfolio, loan money can be a component if someone understands the implications.
I am definitely not against loans,
when it comes to business or investment projects.
If someone has a prosperous plan and know how to make more money out of given, than a loan could be very effective instrument. Moreover, big estates are made with the usage of someone else`s money. It is normal situation and most of the people who are willing to achieve something take that risk.
And this is what is decisive and should not only be considered some smart wording. If someone takes a loan because he studied BTC for a long time and perhaps also contributes as a developer or in some other function and believes in the industry, I think taking out a loan to increase BTC holdings or get a stake in the network that someone supports can be the right thing to do.
However, I think taking out a loan today is riskier than it was in maybe 2012 or so. It does depend on the perspective someone has, but taking out a $1000 loan in 2012 to buy BTC while being able to afford to lose it had an amazing risk reward ratio because the potential reward was - if compared to today - exponentially higher in relation to the risk.
But I am still convinced that anyone who decides to invest in BTC today and has enough time/patience will go deep into the green zone in the future.