[edited out]
Hi JJG, I believe you quoted wrongly in your reply here, maybe you can adjust it to be more readable.
Thanks. I fixed it.
Loans aren't bad, it becomes of more advantage of the prices of BTC continues going up within the repayment period, but I'll still maintain that if you can avoid it while remaining committed with your DCA, it's a better option since DCA still allows you to buy across dips to and tops to smoothen the effect of volatility on your investment.
The use of loans, and various other financial instruments are more advanced techniques, and they surely have risks that do not come from merely buying bitcoin without any leverage and without any of those various possible risks.
Since bitcoin has historically been such a great performing asset, you are likely correct that many times it is not necessary to add more risk, and to still be able to profit stupendously by merely going long bitcoin. Guys have discretion to use those various instruments, and sure, they may be devolving into gambling rather than prudence and/or reasonableness when they employ various financial instruments, including loans.. but that is their choice.
It would be more painful if after taking such loans and Bitcoin price continues going down, then he bought lesser quantities with same money and is still paying interests.
Sure. That does end up happening to a lot of people, and so that is one of the risks that should be accounted for.. which means that the guy needs to have means to service the loan outside of the expected appreciation of bitcoin, otherwise he would end up even in worse pain.. and potentially causing him to lose more than 100% of what he invested in connection with the loan amounts and the various extra costs and even potential penalties that might result if he had not prepared his cashflows adequately.
Such investor might even terminate his accumulation journey out of frustration. That's why it's advised to remain as much aggressive as you can without overdoing it, so you don't experience discomforts that might threaten your ongoing accumulation journey
Sometimes people do become their own worst enemy since there can end up being pretty severe consequences if they have not sufficiently and/or adequately prepared themselves for a variety of scenarios, including extreme scenarios and even including the price going against them in extreme scenario kinds of ways.
Bitcoin remains amongst the best, if not the best, of investments widely available to people around the world, yet there are people who have lost money in bitcoin, especially if they failed/refused to error on the side of accumulating bitcoin and holding and not going overboard in their various methods (including getting too greedy).