some goes as far as to borrow just to meet up and be part of those who invest in Bitcoin.
Borrowing to invest in Bitcoin is not advisable since it is a long-term investment that requires patience and consistency. It's crucial to engage in Bitcoin investment with a long-term mindset and with amount of our comfort and we can afford to loose, Avoid taking unnecessary risks, especially borrowing funds to invest volatile asset like bitcoin that is unpredictable.
Though I may not be a trader and this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For example during the earliest part of the week when bitcoin was dip by
% -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.
I don't really take taking a loan is good action to do by people especially if they are looking after to get possible profits in trading or even in their bitcoin investment. Since its like you are giving to much pressure to yourself and drowning for those possible interest asked by the lenders. Imagine if they didn't meet their expectation and suddenly they lose from whatever activities they done for sure next to that is they will be in miserable situation especially if they came to the point that they can't pay their borrowed amount anymore. So take always proper precaution on doing risky decisions on your investment and just use the money which is already in your possession so that there will be no other issues will bother to people who want to invest with bitcoin and they could just focus on how to grow their investment and think other think on how they can maximize or improve their strategy used to make everything goes according to their plans..