Is it considered a good money decision to get a loan to buy crypto assets?
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It’s never a wise idea to take loan to invest in cryptocurrency. Crypto is such a very volatile investment, you simply can never predict its market. The best and the wisest thing to do is to invest with the amount you can afford to loose. When you do this, you really wouldn’t be so hit if crypto should crash. Now imagine getting a loan to invest in crypto and it crashes. What would you do?
Even though I regard Bitcoin as a semi safe investment, if you play the game correctly, I would never advise anyone to borrow money to get involved in any form of investment.
Imagine if it crashes, not only do you lose your investment capital, you have to pay the debt back. It is not worth the risk. Why don’t you start small with your own money? You do not have to buy a whole Bitcoin, you can buy fractions of a Bitcoin. Start with a comfortable amount and maybe add a little more each month from salary, there is no crush.