It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?
In my opinion, it is not necessary to trade cryptocurrencies using borrowed funds.
The crypto industry is a very risky business. There are a lot of successful hacker attacks, software vulnerabilities, bankruptcies and other unpleasant events in the field of cryptocurrencies. The use of borrowed funds further increases your risks.
At the same time, the price of cryptocurrencies is characterized by high volatility....
This means that even without the use of borrowed funds, the trader has every chance to multiply his initial capital.