I remember this thread in 2017 in the French part.
https://bitcointalk.org/index.php?topic=2425439.0At the time OP wanted to borrow to buy BTC. As we know today, he would have made a great deal (plus, a rare thing at the time, his banker was OK to lend him the money).
Yet almost everyone advised him against it. Why was that?
It seems to me that all investments involve risk. What makes borrowing to invest in BTC any more risky than investing in a start-up, opening a business or buying a house (which may be full of defects, for example)? If the person's financial situation is stable and the banker, after studying the file in depth, is OK, I don't see why you can't borrow money to buy BTC. In fact, this is what some large companies do.
People were against it because bitcoin is a high risk asset which doesn’t produce any cash income. It still doesn’t make sense btw.
You should only borrow money to make solid investments (like a real estate purchase or starting a business that generates income) that have almost guaranteed returns so you could pay your installments.
Let’s say you borrowed money and bought btc with it and then btc dipped and stayed there for 3 years… What then? You can’t sell it to pay off your debt and If your monthly income isn’t enough to pay the installment then you are effectively bankrupt.
Not every story is a success story sometimes people go bankrupt.
A wise man once said:
“Impossible to go bankrupt if you ain’t got no debt.”