even r/cryptocurrency is saying this is a bad idea

someone took out a $15,000 loan to buy bitcoin at $38,000 and is now taking out a $20,000 loan to buy more, after the BTC they bought with the first loan has lost more than half its (notional) value pic.twitter.com/RA9ChCqqVA

— Molly White (@molly0xFFF) June 19, 2022