It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible
I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.
I couldn't agreed more.. in crypto, invest in what you can loose..not using loans
I don't support or encourage the use of loan money to invest in crypto. But there might be some people who may have the intuition to invest in crypto despite that, due to what they have heard about the bull run giving many profits to investors who will be investing in bitcoin and some other top coins.
I think it depends on the nature of the loan obtained, the terms of obtainment and also the repayment terms. And also it depends on the kind of coin you intend to purchase or invest in, although even if one eventually decides to go through with investing with loan money, one should always consider the volatility of the crypto market and also weigh the risks involved in crypto investment.
Again, it's advised never to invest what you cannot afford to lose, if the loan money is what you can afford to repay via other revenues, should incase the investment happens to crash or takes longer than anticipated before maturity, you won't get caught in the dilemma.