I decided yesterday morning that I would buy 1 bitcoin from this dip market. But I did not have enough money. With which I can buy 1 bitcoin. I had an Fixt Deposit of $ 6,000 in the central bank. And the bank would paying interest at the rate of 5.5% APR. I broke it down yesterday and decided to buy Bitcoin with that money. But with this money I will not be able to buy 1 bitcoin. On the other hand, my dream and desire is to buy 1 bitcoin. I then decided to take a loan and applied to the bank for a loan. But I told the bank that I would use this money for business. The bank agreed to give me a loan of $10,000 at 10% APR interest. I take advantage of that opportunity and take out a loan. And the remaining $ 4,000 I borrowed from my uncle and promised to pay him 8% APR interest, which is more then bank interest. Finally i bought just now 1 BTC price at $20,000. It gives me a different feeling That feeling I have never had before. I think if I hold this bitcoin for 2 years I can get 100% -500% profit. Then I will be able to easily repay my debtors with an average interest of 18-19% in 2 years as an average of 9.something% APR and I will be able to keep a huge profit.
This is a very good investment story from you but you had better be a good Bitcoin analyst to make this risk worth it. First, you did well by taking the risk, without risk, no one will make money, but borrowing money for this kind of investment plan is what I would not subscribe to (though Bitcoin will surely yield for you, the time it would is my consideration here). This is not to discourage you as you invested at the right time when Bitcoin is still at the bottom. Yet, no one could 100% guarantee any investment, and Bitcoin is not an exception. If I were you, I might have done it differently by investing only $6000 I own to have the rest of my mind and even limit my risk, then be saving for more opportunities like this in the future. Lastly, I hope you will smile at last with this investment, but try to read the Bitcoin chart very for guidance on this investment plan. Good luck to you!