Topic: At a range of 2years, can a Bitcoin literate invest with a borrowed fund in BTC? (Read 354 times)

It’s not actually wrong if you borrowed some funds for the purpose of an investment, as long as you have a stable source of income that will pay back your loan if that planned investment didn’t work as planned. However, if you are only relying solely for your investment to work so you can pay back that loan, well that’s a very bad decision. You could end up being homeless in the long run if your investment failed in the process.

My suggestion is ask yourself first if you are actually able to pay or not. If not, then delay your plan of investing. Save first so you can finance your own investment.

taking a loan is really not advisable especially if you think you have no means to pay back on time or no collateral to back up in case your plans go sideways. so much better to hold yourself in any investment if you think there's a possibility that you can't make it on the target timeline. because if you can't make it, it will be a headache on your side because it is hard to find money just to supplement what has been lost. you will end up paying high interest from loan sharks.

Be it 2 years or 5 years, it’s still not safe to invest in bitcoin with borrowed funds. Bitcoin has so much volatility that you can’t even predict exactly when are you going to see it rising and profit from it, because most of the time its price even drops lower from the position you bought it. So seeing that borrowed funds growing with daily or monthly interest, that will only pressure yourself while seeing bitcoin price moves uncertainly. I suggest just save before deciding to invest, at least even if you lose all that money, it’s only yourself who will be held responsible for that.

remember, success usually comes because it is accompanied by the courage to take risks and I see your friend doing the right thing, but he also has to adjust his income so that he doesn't have to sell the bitcoins he holds when he runs out of money.

good investors must have debt that they can manage well, that is part of being wise in managing money, it is difficult to make a profit if hold bitcoin only in the short term, it would be more profitable if hold bitcoin for the long term.

A few people become gainers when invested by borrowing money from others, but that doesn't mean you can be gainers as well. They would be lucky where you won't be. I won't advise anyone to invest in crypto by borrowing money. Though there is a chance to be a gainer, due to volatile crypto behaviour, it's hard to predict what will happen after investing. I prefer the DCA strategy, which means investing from your savings instead of borrowing from someone else.

I would never advise anyone to consider taking a loan when investing in bitcoin. Bitcoin is a risky investment due to its high volatility, that’s why one should only invest on his own money that he can afford to lose, otherwise investing with borrowed funds will only cause an investor’s panic because there’s no guarantee as to when the profits will eventually become available knowing its price may suddenly move upward and downward because of its price fluctuations. So to play it safe, never risk some funds that you think you can’t afford to lose.

Your friend has heard a lot about bitcoin and binary he wonders it has done but if your friend doesn't buy bitcoin and wait for another time, he will be here with us welcome with 2 arms but he should never do it. Borrowing money to do something urgent when you don't have the means to pay back doesn't end well often than we have seen here. If you must buy bitcoin, do it with the fund you can afford to lose and I'm sure the money your friend is using is not the type he can afford to lose in any ways.

God forbid, if your friend relative that lend the money want his money back urgently, I don't think your friend is going to escape what will come after because I know for sure that he wouldn't tell them that the money he borrowed will be used for Bitcoin. If the cousin know about bitcoin too and it's the type of money he can spare, I don't think he will give out the money when he can also utilize the same opportunity.

If he is only investing in Bitcoin, it is very possible that he will make profit from the investment if he holds the Bitcoin. Many people trust that Bitcoin can generate profit while alt coins can not be trusted because they are usually unpredictable but Bitcoin price will always get a bull market that will make the price to spike.         If your friend takes the loan from bank it may have too much accumulated interest before the price of Bitcoin will generate profit but if he can take an interest free loan from his relatives, it is more better that way but he should also know that Bitcoin price can be unpredictable.       What if he doesn't get enough profit after two years? Let him get a good back up plan.

Usually people would really be just trying out to look into the outcome without trying to look up on what are the risks involved on making out such decision. Most people would be assuming that their
plans would really be ending up to be positive or something that could give out that kind of assurance into themselves that they are making the right decision. On the time that they've been fucked up
because of the decisions that they had made then this is where self realizations would be kicking in. This is why it would really be that important that you should really know on what you are doing.
Thinking up on realistic things rather than on making yourself that delustional.

Put up into your mind that when it comes to investing then it wouldnt really be recommended that you should really be that taking up some loan from someone specially into those shorter terms.
In every market cycle then it would be composed of 4-5 years on which no one would really be waiting up for that long for them to get repaid up. Then on how you would gonna do it?
Its not something an easy situation for you to come up with.

In the eyes and thought of the person borrowing the money it looks really simple and easy because he would be thinking that Bitcoin might blow up within that range but unknowning to the person that it's a wrong step because Bitcoin is something that no one is certain of how the price is going to move so when the person plans to pay back within the two years interval the market might actually get something else to say about that and before you know it the whole thing has become one sticky hell ass problem.

It may seem like a no-brainer that the person would make a profit in 2 years, but it's not. Imagine your friend took a loan to invest in Bitcoin in November 2021 would he have been able to pay back the loan 2 years later?

First, a person has to have a source of income that he can invest me. Bitcoin is too risky and volatile to invest with borrowed funds. It could lead you into a very awful situation.
I've seen cases where people had to run because they took loans to trade Bitcoin and when they lost it all, they had serious issues.

The cryptocurrency is a field in which people are not ready to accept their profit but are in wait for further increase of their money. If your friend take loan for two year of duration but in such duration bitcoin does not show any increase then from where he will return such a big amount?

Although there is no doubt in Bitcoin's success but it is reality that it is also a part of cryptocurrency so anything can happen anytime therefore try to avoid taking loan for cryptocurrency investment.

If your friend has little profit but then he choose to wait more to gain more profit because greed is a natural in humans and then he does not see any huge pump again then it will become risky for him as there is a possibility of losing money in crypto market. It will be better to be thankful for your present situation and don't take any loan for bitcoin or other crypto investment.

It sounds good when you have understood the nature of Bitcoin's volatility but that's not enough for someone to justify that he's good to take a loan just because of that. Look, many are actually experts here and have been in the market for a very long time but that doesn't seem to be an excuse or reason for them to use as a ticket for them to be desperate to take a loan so that they can invest more. They use their times and skills in exchange of money just as the normal employee-company cycle or with any business that they're involved. Because no matter how you evaluate yourself for being good and had the idea about Bitcoin, it's not giving you the exemption to avoid unforeseen events through its volatility.

Investing is risky and investing from loan money is more risky. Because you have to time the market very well to get enough profit for at least paying your loan interest.

It is something uncontrollable from you and the lender because you and the lender can suddenly need money for emergency so that if loan repayment call comes sooner than expected, you will likely have big trouble. If you have emergency, it will be even worse.

Work, get money and use it for DCA Bitcoin, don't take any loan, is smart and safe investment strategy.

I would not borrow fiat from anyone to invest in Bitcoin. Bitcoin does seem to recover eventually, but you can't be 100% sure how fast it will recover this time. Also, maybe the fees will be very high during the bull market, and then the price will rapidly go down and stay down for years to come. So it's just risky to rely on Bitcoin growing to repay the debt, and 2 years isn't a big amount of time for Bitcoin.
Instead of borrowing, I believe it's better to just start investing gradually, putting affordable amounts into Bitcoin and accumulating the desired sum over time.

There are no prohibitions regarding trading and investing in cryptocurrencies with borrowed funds, but only recommendations. For some, following these recommendations will allow you to preserve your well-being and your fingers (for each day the debt is overdue). For others, these recommendations are like extra ballast, holding back their desire for profit. I want to say that there are no universal schemes that are the ideal solution for everyone. There are both successful examples of trading and investing in cryptocurrencies using credit money, and unsuccessful examples of doing the same with their own money. If you are confident that you can come out a winner with trading or investing in cryptocurrencies with borrowed money, then go for it. But remember that the risks are just your personal headache.

If your friend really decides to do this, then you and no one else can dissuade from investing with credit money. Are you interested in opinions on this matter? As discussed above, this method of investing is not approved by the majority, but I would probably also take a risk in this situation. If you look at bitcoin judiciously, then this asset is one way or another all the time getting more expensive. Even buying at a loss on highs in the next cycle will still return the investment. Volatility is a temporary phenomenon that can be ignored unless there is an urgent need to sell bitcoin at a loss due to an urgent need for money for expenses.

Before taking the loan, Paying back within two years time will look very achievable and the time frame very long, until when the loan is collected and the time begins to fly. Two years may feel like two months.

Borrowed funds will always put the borrower under pressure, unless there is an intention not to pay back.

It will be different if you are offered an interest free, pay back anytime or not kind of money from relatives as a way for them to help you. That kind of money can be accepted and used for investment in bitcoins.

2 years would be short unless if he would really be that investing on 2-year period but i would definitely say that it would be ideal if you do invest on bear market period which it do usually happens on post bull run of course on which this is the best time that you should really be getting in, but since you do only have that 2 year agreement on repaying a loan then it would fall short. Its true that it wont really be that recommended on taking up a loan for you to have those crypto investment on which we know that it isnt really something that would really be that recommendable because we cant really be able to make sure that the market would really be having those pumps on the time that you would be making out some repayment. What if you wont really be able to repay those in time just because the price hadnt been able to pump or not really that in the right timing? Then you would be fucked up into that situation, unless if you do have that money allocation for repaying those loans then it would really be just that fine.

Well, as what you said there will be no rewards without any risk involved so if your friend is ready with the possibilities of his venture then it is time to give it a go. Now, in life as well in trading there is no guarantee so it can either be prosperity or bust.
Borrowing from relatives and friends who also are oriented with the situation can be a good idea rather than borrowing from banks or leading institutions or hell shark lenders. I am then expressing my good luck to your friend and maybe you can also help him from time to time most especially moral support and make things clearer for him so he won't be another victim of bad decisions while trading Bitcoin.

Cryptocurrency investment is very risky, your friend may borrow the money, lose it and get himself into bigger problems. So tell him not to borrow loan in order to invest in Bitcoin. A castle is never built in a day, it's a gradually process and it'd could time. If he's working and cannot afford to buy a lump sum, he can be doing DCA and be stacking Bitcoin gradually from what he's able to earn from his job or business.

Loans can be taken if there is an extra need and there is no other option but I don't like investing or borrowing for any other purpose. I think people who invest with loans think that they will invest with loans and earn a lot of money in a short period of time and after that they will repay the loan and invest again with the amount of profit. If they had thought that as I dream of profit, I might suffer a loss and how would I repay the loan in case of loss, but they would not have dared to invest with the loan. If you have a small amount of money, it is a lot and you should start investing with that small amount. It is not wise to take money from others and use that money for your own investment. At the time of taking the loan, the borrower may have a good relationship with the person providing the loan, but when the person is unable to repay the money on time, the relationship between them will deteriorate and there may be many more complications. So it is better to avoid loans as much as possible.

When it comes to investment it’s not always good to start up with a borrowed money you need to have your own money first before you can think of going into investment, the risk alone for investment is something else and if we check the interest that always comes with loan money you will know you are taking a very risk.

If I must advise, your friend should not even think of the loan not just because it’s not his money but also if you check very well bitcoin profit is not certain you never can tell when that money will be able to give him back enough profit to pay back what he have borrowed and also have some left for his investment decision.

Just a quick general comment:

If you consider investing but don't have the funds:

Buy the cheapest lottery ticket where the top prize is covering your investmnet needs:

The chances to win are quite low, but not 0, and if you are lucky you have easy money that you can invest....

If your friend has a fixed income, he can borrow money to invest in Bitcoin. But if he doesn't have an income, it's best not to borrow money. This is about how he was able to pay back the loan money. Moreover, he wants to borrow the money for 2 years.

But if his relatives want to delay returning the money for two years, maybe he can borrow the money. But it's still risky because we don't know what will happen in the next 2 years. He can make a profit from Bitcoin, but he also may not yet make a profit from Bitcoin.

It all depends on his consideration for borrowing money from his relatives. If there is an agreement to pay the loan 2 years later, he may take out the loan. But if he has to pay it back every month, it is even risky for him because he has no income.

One should never invest on loan. Those who invest by borrowing I think is completely stupid. Suppose you are very experienced in cryptocurrencies so you take a loan from your relative and invest in cryptocurrencies. After investing for some reason your investment is damaged if your relative asks you for money then how will you manage the money? At that moment you either have to sell your investment at a loss or have to re-loan from somewhere else with double interest. So I would say you should never invest with debt.

For the few years I have been into cryptocurrency, I have come to understand that investing in it with a borrowed fund is a really stupid move we should all avoid, because due to the volatility involve, their is a possibility that you can lose the money due to it, and another thing you have to consider is that investing in it comes with is own pressure, so borrowing money to invest into cryptocurrency comes with is own added pressure all together, which can make you sell at a loss if the loan time have elapse and the creditors are at your neck, so this is a situation we should all avoid by all means.

So my advice to that your friend is that he should desist from taking loan to fund his crypto ambition
 because so many things can go wrong in a short period of time in the crypto industry which can lead him to lose all the money.
And talking about taking loan from him family members is really wrong, because their is a high possibilitythat you cannot pay back at the right time which could damage your family relationship with him or her
please let him be guided.

Depends, if you're really good at leverage trading then you can easily do this but if you're an amateur that's hit or miss in leverage trading then definitely don't do it because you're going to regret doing that and at the same time you're going to end up having to pay for that borrowed money for a really long time because let's face it, people have a hard time delivering the borrowed money at a promised time and day.

Sure you can believe that it will go there but the problem is that we've already at February 1st and bitcoin is still not going to where you want it to go, are you talking about the last day of the month? If so then there's a possibility that we're going to see it.

I assume that this loan is without interest which is very good for business. Trading is a very risky section of Bitcoin business and it needs special skills or expertise to be successful in that area. He could lose all the borrowed funds within a short period if he is not proficient in trading.  I would have suggested that your friend consider buying and hodling Bitcoin for a long time. He might make some profit if the price appreciates. However, two years is not a long period to invest in Bitcoin.

I am not a fan of taking loans to invest in any business because it is risky. The crypto space is one of the most volatile investment platforms, so it would be better to invest with your funds. It shouldn't be just your funds but the part of it you can afford to live without or even lose.  
Your friend should look for other sources of raising capital maybe by getting an extra job or selling a personal belonging.

There is no point taking loan from bank to invest in crypto currency. Because crypto currency is not a get rich quick scheme. So it's an investment that requires a long term. So whenever we talk about cryptocurrency investment, We should remove our mind from loan, because loan will continue to add interest, and Bitcoin is a gradual process journey which the profit made from it to pay the outstanding loan may not come out as soon as possible. So you will add more problems to yourself than make profit. So in conclusion there is no need to take loan for investing on bitcoin.

Any possibility to go BTC $50k again within February 2024?

Investing with borrowed money === Leverage trading. Do not do it because especially with that short of a time frame, you will be liquidated. Except the liquidation does not come from an exchange who takes it out of your balance, it comes from threats, lawsuits, court cases, and so on. Two years is way too short a time frame to make any sort of profit.

I want to say bad things to this kind of strategy, but TBH, I've done it twice in the past already, and it favored me.
Yes getting a loan just to invest into crypto is a bad move, but I always believe in the word "timing". You can't time the market I know that, but if you know when you're entering then at least you will know when you will be profitable the most.

I said that I borrowed money just to invest into crypto. Yes I borrowed money, and used my monthly income to pay that loan. A few years after, that money already doubled because I invested during the bear market. The amount isn't that high since I'm kind of experimenting at that time, but I know when to enter, and I believe that I can pay that loan thru my salary, and it paid me off.

However, I don't recommend anybody doing this kind of strategy as not all strategy works on all people. Maybe I'm lucky that I borrowed, and entered during the bear market. As for OP, 2 years is a very long time, and knowing that we might be in a bull run a few years from now, I think your friend can pay it off. Just tell him to invest that borrowed money on Bitcoin to mitigate losses. Before doing this, consider everything including your monthly salary, and how it will affect you as well.

Whether or not your own or a loan money you are going to invest it's all the same that takes the risks. Though your own money if lost it's on your own problem but if it is a loan money you are risking your dignity and other peoples money so if your friend really insist in using loan money then he has the right to do it but tell him to make plan B. Tell your friend to find a job immediately so if something bad will happen to his investment then he may be able to repay that loan.

I agree with many others that borrowing money to invest is a piss poor idee.

And to involve family or friends makes it even worse.....

To consider:

If all goes well you make some money and feel like superstar and your family and friends will think you are so smart.

If all goes bad, you will become the reason of tensions, maybe people will start to avoid you, you have to beg for extenbing a possible repayment scheduke, just imagine you become unemployed and the person giving the loan urgently needs a repayment.... Who wants to bring himself in such a position ??

My best advice is:  Only invest a small amount you can afford to lose, if you are such a talented trader you reinvest your profits and over time become rich without having borrowed 1 cent.  Ok takes longer, but it is more healthy than expieriencing a heart attack every time the market goes against you..

You should never take any loans to invest in anything because if your investment goes down in value you are losing money both ways with the principal invested plus the interest.

Borrowing money should only be used to purchase goods like homes or cars, not for speculation. Many had done this and they are in a bad financial situation. Plus there is no guarantee that Bitcoin will go up 2 years from now, so why risk it. Horrible idea.

Compared to a loan to be used to buy a new car, to buy a new phone, to travel abroad, to go shopping, etc, to borrow money to invest in Bitcoin is way better. But your friend should make sure that he can pay the loan even if the investment didn't turn out well. Your friend's capacity to pay should not be solely dependent on whether the investment works. If this is assured, then your friend can proceed taking that loan and buying Bitcoin with it.

And if it doesn't work, your friend should stick to his Bitcoin until such time that he makes a profit. Hodling will pay off in the end.

Taking a loan from a relative can only be profitable if the relative himself understands all the risks he is taking by providing such a service. There is a difference between debt to the bank and debt to the family. What are these connections, and how long is the relative willing to wait for a return? In any case, as was said above, we cannot be sure that everything will go according to the scenario that your friend suggests. But he must imagine all the consequences if something does not go according to plan and ways to overcome them.

I see the underlying logic but the problem with such a move is that theory is one thing and practice is another. If the pattern that has happened in previous Bitcoin cycles is repeated the next 18 months or so will be bullish, meaning buy now to sell roughly then it seems like a good move. The problem when you use borrowed money is that you don't make the same decisions you make when you use money you have to spare. If things don't go as planned, if suddenly there is a big drop in the price, when you have invested with money that you have to spare you ride out the storm and do nothing but if it is money that you owe don't be surprised if you make rash decisions like panic selling.

This issue is often the subject of long debate. Because investing in bitcoin with borrowed capital is not recommended. Even though the person running it already has extensive knowledge about Bitcoin, the risks are still very large. Because you need to remember it
that no one knows what Bitcoin will look like in the next 2 or 3 years. The possibility could continue to develop or even experience setbacks. So this is where the role of capital used will be very useful to minimize risks that may occur. Indeed, if you look at Bitcoin today, it looks like Bitcoin will continue to experience good growth in the future. But you need to remember, don't just think about the good side, but the bad side must also be remembered and taken into account.
Because if we invest in an asset, including bitcoin, the calculations must be complete and not only think about the good side. Because in an investment there are always two possibilities that can happen.

So even though your friend has mastered and has extensive knowledge about Bitcoin, this is of course not enough and there are still shortcomings. Because for example, right now your friend is borrowing money from his relatives to invest in bitcoin. Then your friend promises his relatives that he will pay the debt within 2 years. Of course this will affect his mentality. But even so, the possibility of making a profit is also not small. Because currently bitcoin is in the right condition for the time of purchase. Because the Halving and Bullish Market will definitely arrive soon. For this reason, at this time bitcoin investors have the opportunity to make a profit. So at that time the opportunity to make a profit will be very big for you friend. However, my advice to your friend is, don't wait 2 years to pay off the loan. Because it would be better if, for example, your friend has made a profit, then the loan money must be returned immediately.

op Bitcoin market has a lot of volatility so it is not a good decision to invest Bitcoin by borrowing from someone. If we borrow and invest bitcoin from someone then our thinking will increase twice so I think it is not in the case of anyone's bitcoin investment but in any business if you borrow money then we have to face problems. So it is the right decision to borrow and invest bitcoin. not  It will take two years for your friend to pay back the loan he borrowed for two years, of course hoping that the bitcoin market will grow more during these two years so that he can pay it back. Since the Bitcoin market fluctuates all the time, it is impossible to say that the Bitcoin market will move upwards.

Investing in something using borrowed funds is not a good idea. However, in my opinion, borrowing from a relative can be an advantage to you. The relative must understand the risks associated with investing in cryptocurrency and he must, in fact, share this risk with the fund manager. But it would be better for everyone if the relative decided to participate in the division of profits in the event of a favorable outcome of the investment. That would be fair. But in this case, it turns out that the relative bears quite significant risks associated with the volatility of the cryptocurrency and does not have any privileges.
      If it were the relative’s good will to participate in investments, then he would be more tolerant of possible losses. This is what I call “informed consent.”

Your friend can do whatever they want, but the reason we discourage that practice is that it is very easy for those without any experience on the markets to think they can make a lot of profits, when in reality they do not know if they actually can.

So if your friend failed to reach their goal, not only they will lose that money, now they will owe it to someone else and they will have to pay interests on it, besides I do not like that your friend is supposedly educated about bitcoin, a process which should have taken a few months at minimum, and still they have no money to invest.

I sometimes do what I won't advise other people to do. But borrowing money for investment purposes is something I would never do. However, it seems in the case of your friend, he has a lot of leeway in paying it. Did you say payment could be made anytime within 2 years? Or is it like the banks and other financial institutions which require regular small payments with a term of 2 years?

Provided the loan amount isn't big enough that paying it would require him to work day and night and cut on his basic needs, I guess this one's tolerable. Certainly, within 2 years, the price of Bitcoin will surpass $42,000.

But your friend can't be greedy. It's borrowed money. He has to be practical and realistic. If Bitcoin hits $60,000 in just 3 months, he may consider taking profit and paying the loan, forget about the 2 years and forget about a high target like $100,000.

I know you judged it already that is not good in any way to invest in Bitcoin that is already a risk of its own with a more risk as borrowing from anybody whether bank or relative.

There is a quote in my place that says whatever you achieved with a borrowed money is never yours. that means even if you eventually succeed with the ideal you will keep being in debt whether directly or indirectly.
Nobody is advise to rush into Bitcoin instead go get a job and invest with what ever you get from the job.

You shouldn't really invest in anything with borrowed funds, even more so in a risky asset like Bitcoin. This is basically a more extreme version of leveraged trading, because for leverage you have to start with something, but if you're taking a loan you could be tempted to invest without any of your own money.

And with Bitcoin specifically, its volatility plays a huge negative role here. You don't know when there will be ups and downs, but you have to pay back the loan at a fixed date. Now imagine that when that day happens Bitcoin is in a huge bear market and you have either to sell at a loss and find more money to repay the loan, or suffer the dire consequences of defaulting.

It is generally not advisable for anyone to borrow money to invest in Bitcoin. Banks will never approve a loan if they know you plan on using the money to invest in bitcoin or a high risk investment. Bitcoin is very volatile and you can’t be certain what will happen in the next two years. Luckily for your friend, he’s getting the money from a relative, with no collateral and managed to get a long repayment plan. I still wouldn’t take the loan though, I would rather invest my own money no matter how small it is.

Before going to take loan he should also consider the duration of the loan how much he could made from the investment and how much he could use to settle out the loan amount so there are two things to be considered now.. The interest of taking loan for two years and the profits that could generated from investment, if the investments would yield 5x of the money borrowed then he should go borrow but if he knows that after borrowing he wouldn't get 2x of the money borrowed then no need to go borrow any money to invest considering the interest rate of taking loan for two years men that would be an outrageous loan. So is better he uses his personal funds to invest than taking loan since you can't predicts the feature of bitcoin what it could turn out to be.

It’s easy to say that your friend will not be panicking since the duration of two years is quite long. But if you are already trading but still not making significant profits but only consistent losing within that 2 years, then most probably you will surely develop worries on how you will be able to pay back that loan. Remember that trading won’t never guarantee a fixed and consistent profits, regardless of how good you are in trading. If you are highly skillful on it, you might be making massive profits but it won’t be happening at all time as there are still inevitable losses in trading at some point.

Now, the question is if you are skillful in trading? Because if not, it’s better not to take any loan that you will only regret later on. Save if you want to trade, and trade of an amount that you can afford to lose. That way, if you lose, at least you are not compromising other people’s funds.

This all rests on the assumption that his investment would grow within said 2 years. Even if we do consider that there's no interest if he borrowed funds from his friends, it doesn't change the fact that there's no guarantee that he'd get his money back. That guarantee is something those who have their own money and invest with it can afford to not have but those who use loans? They NEED to have that guarantee, and it's just dumb to assume that it's going to naturally happen.

It doesn't matter that many people think that Bitcoin follows the same historical cycle, it can always change at any moment. Just get a job really. Or if he wanted to invest now to not miss out on any possible growth, then get a job and get a loan. Use the loan to invest and use the job income to pay back the loan slowly. This has an issue with the scale of the loan though since it's not realistic to loan a big amount then having a job with peanut salaries.

Too much confidence will harm you.

Is he an expert and literate? it doesn't matter. While he do know the volatility of Bitcoin is there, he should be aware that he's like getting a rock to hit himself with it.

If he's literate to Bitcoin, what he needs to do is to get a source of income and spend his own money on it. The interest rates might even get his profits when he can sustain it.

Tell him that it's never been a good idea to invest in Bitcoin with a loan.

Using this quote doesn't automatically mean you're going to take stupid amounts of risk; using your own money is risky enough.

Like if you don't have capital, then do something about it so you can have capital — you know, probably like getting a job or starting a small online business?

Not because bitcoin has had predictable price cycles in the past doesn't mean it's guaranteed to happen again.

Bad choices have worked out for some, at some point in time, but they're still bad choices and should not be encouraged.
No risk; No rewards, follows the argument that without investing, which is a risk in itself, you cannot profit from price growths it doesn't mean one should throw caution to the wind.

There are no guarantees in any investment. Bitcoin expectedly should be at least 100% higher than what it is now and I'll be willing to risk spare money I got on it, I would not advise others to do so, much less borrow funds to invest.

What if things do not turn out as he expected? What next? Will he be able to pay back the loan. There is a reason it's always emphasized to invest what you can afford to lose. People have lost their lifetime savings because they think crypto is just going to skyrocket nonstop, and they then they become millionaires... Well, this is always the case. If it was that easy, we would all be rich traders
I am not trying top sound negative, but I want your friend to also look at it from a different perspective. If he is well-prepared of the risk and can afford it after two years, then well and good.

It is not only bitcoin but borrowed funds actually add to panic in that business you invest it into and thereby leading you to making rash decisions. I personally do not like the idea of Borrowing to invest in asset like bitcoin because of its volatility, so it is a bad idea to me. I see your friend is actually trying to maximize profits by looking for a duration of two years to return the funds which ideally should have bitcoin price higher before then. But I will tell you that it is still a prediction that bitcoin will raise after that years, there is a probability that it wouldn’t increase before your friend pays back the Loan which might lead him to lose.

Take for example last two years there was a heavy bitcoin dump say your friend had take this loan around January 2022 and decides to pay back this year, he would have been in loss now because the price then was above $45k and not that now.

Bitcoin has been advice to be invested in with an amount of we can afford to lose even if it is our money, so borrow funds is way out of the equation except you have a good collateral to fall back to

Relating the question back to you do you also think it is ideal hopping on such investment pattern? Is the risk worth it, you are expected to ask yourself all these.
Some risks are not worth taking, how sure is he for the market to experience a bull run or go in opposite direction,  since the market remains unpredictable it is not of certainty if after the interval of two years the market will be profitable for him to sell and return the money. Atleast if he is earning little income with the mindset of becoming a Bitcoin owner he can then apply the DCA strategy it will help him accumulate some good amount of Bitcoin with time.

Taking a loan from bank in order to invest in something as risky as bitcoin is (don't belive anyone tell you otherwise) is a stupid move, while taking a loan from a relative is even more stupid move as you may risk not only not being able to pay him back but also mess up family relationship.

So, tell your friend that he should find some other ways to earn more money in order to invest in bitcoin rather than taking loans to do so.

On a multiple note, it is been said not to trade in the Bitcoin and  crytop industry with a borrowed fund because it is likewise as gambling which proffers the possibilities of lost. I have seen lot of traders and investors who made it prosperously and amiably in their ventures of chasing profits with borrowed funds.
It is is a norm fact that "No Risk and No Rewards"
Now, I have a friend who is educated about Bitcoin digital currency but doesn't have the capital to invest on it. Meanwhile... He is considering to take loan from his relative to pay back within the range of 2years.
This is to say he would have such range of time without a panic to pay back.

Hmm.... Please does it sound good quite understanding the volatility nature in the Bitcoin industry?