Quote from: Finestream on Today at 12:48:53 PM

If you think borrowing money to trade is wrong and label people who do it as ignorant, then you’re essentially calling CZ, the founder of Binance, worse than ignorant. After all, he sold his house to invest in Bitcoin.

Just in case you haven’t read the story, maybe give it a look before jumping to conclusions.

I think comparing OP to CZ is lame. OP may borrow money to invest in bitcoin but does he have a plan to repay the debt if that investment fails? Does he have a stable job and income? Or is he just unemployed and wants to get rich by borrowing money to gamble? Meanwhile, even if CZ's bitcoin investment fails, we can be sure that he still has the ability to rebuild everything with his talent. He was able to create a market leading exchange in just a few short years, which shows what he can do.

Your comparison reminds me of the silly comparison many others make when they say Elon and Gate dropped out of college and both became billionaires, so they can do the same. Grin

.

I am not against or considering borrowing money as a bad idea but we should at least consider our circumstances. If we have a job and income, we can confidently pay that amount without depending on investments, we can borrow. But if we are unemployed, lazy and just want to get rich quickly through leverage trading (gambling), borrowing money is really a bad idea.