Borrowing money to buy Bitcoin never ends well
Hey can you lend me 1 million sats to buy bitcoin? 🤔🙏
Tell you what, send me 1m, I'll send you 2 back
A loss of 999,998 sats.. seems like a decent return
If you don't have the money, you definitely can't afford to lose it.
It is a way of getting yourself into complete bankruptcy but to say it never ends well is wrong, too. There is many degens that ape in with leverage and come out ahead.
Depends on your cash flow, its reliability, and your ability to responsibly service your debt. If all of those things align properly, the CAGR of bitcoin would suggest borrowing money to buy bitcoin literally always ends well. But most people are debt adverse and irresponsible and irrational during volatile times.
I'm irresponsible and irrational all the time. Take that, volatility!
Sounds like something you should work on.
I'm happy just being me 🫶