I have a line of credit through my bank, 250k. The interest is 6%, settled monthly. I've been considering drawing 100k to purchase more altcoins. Bad idea or potentially genius?
Currently have 25k in the market with a 31k profit, timeline about 45 days. I put another 25k in yesterday.
And what coins would you buy?
Generally speaking that's a bad idea. More specifically, how long would it take you to pay back the money assuming your position was totally wiped out? And keep in mind, the risks don't exclusively include trading/price risks. Your wallet--or an exchange's wallet--could be hacked.