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.
Never you forget that the market is volatile and it seems like the price of Bitcoin is still going to go bear since the year is just going to an end. Well I am happy that you have finally taken the decision which is a good one and I hope that things will go the way you have planned. Taking a loan from people and Bank to buy Bitcoin looks very risky and I wish you best of luck in your endeavors.
You bought at $20k and the price of Bitcoin is now at $16k. This shows that the market is unpredictable and the price is still fallen and I hope that everything will take a bull step before the end of next year so that you can finally become profitable.