If I were in the OP's situation and could afford the loan's amortization, I wouldn’t hesitate to borrow money if I saw a profitable opportunity in investing in Bitcoin. I believe this market correction is only temporary. As long as the risks are managed, borrowing money for trading or investing is reasonable. After all, some people even borrow money for gambling, which is far riskier, yet they still justify it. So, if you have confidence in your plan and trust yourself, go for it. As they say, opportunity knocks only once.
If you still have doubts, maybe this would help you.
'I Quit Job, Sold House and Aped Into Bitcoin': Ex-Binance CEO CZ Reveals Success Secret
If you still have doubts, maybe this would help you.
'I Quit Job, Sold House and Aped Into Bitcoin': Ex-Binance CEO CZ Reveals Success Secret
Quote
U.Today - In a surprising revelation, former Binance CEO , popularly known as CZ, shared the unconventional journey that led him to success in the crypto industry.
In a recent social media post, the entrepreneur commemorated the 10th anniversary of a life-changing decision: "10 years ago today, I quit my job, sold my house, and aped into Bitcoin."
In a recent social media post, the entrepreneur commemorated the 10th anniversary of a life-changing decision: "10 years ago today, I quit my job, sold my house, and aped into Bitcoin."
I see FOMO at play here
People that borrow money to gamble are not normal and I don't think that justifies this scenario. Gambling is more of fun than finance while trading is more of latter than the former. Taking risky steps is necessary at times but taking such risk with loan is never a nice idea IMO.
Even CZ who took such risky decisions warns that he's not telling anyone to do the same. He gave reasons why he took that decision and not everyone is privileged to have such opportunity like him. Circumstances is very vital when it comes to taking critical decisions as this. Opportunity knocks once but you can create as many as possible.