Borrowing Money to Invest in Crypto - Good or Bad Idea?

The following information was taken from Cointelegraph.com.

According to LendEDU, a personal loan research firm, more than 18 percent of Bitcoin investors have used borrowed money to trade the cryptocurrency. In a global survey of 672 active Bitcoin investors, researchers asked traders the method they used to fund their cryptocurrency trading accounts. The majority of investors used banking systems such as credit cards and ACH transfers to fund their accounts.

But 22 percent of traders revealed that they have not paid off their credit and debit cards after purchasing Bitcoin, effectively investing in the cryptocurrency with borrowed money.

Only invest amount that can be lost.

In June, Bitcoin and security expert Andreas Antonopoulos strongly emphasized that he only invests an amount in cryptocurrencies that he is willing to lose, given the significant risk involved in cryptocurrency trading. While the risk of investing in Bitcoin is lower than others given the size of its market, the risk for other cryptocurrencies in the global market still remains substantially high.

This seems to be a growing trend and might even work for a few people. However, a lot more could end up losing everything if they are not careful. What do you think?

Source and further reading: https://cointelegraph.com/news/study-22-of-bitcoin-investors-used-borrowed-money-for-trading-not-recommended