Post
Topic
Board Bitcoin Discussion
Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?
by
Kelward
on 15/11/2023, 08:51:24 UTC
With the $30,000 borrowed, smart investment in Altcoins can potentially turn your initial asset into $300,000. You could sell the original 1 BTC that you held onto for $100,000 or $150,000. The combined profit from BTC and Altcoins could amount to around $400,000 - $450,000. After repaying the $30,000 borrowed from the exchange, you'd be left with $370,000 - $420,000.
After all this is full of expectation, there's no such smart investment in altcoins, you're only hope the token you invested will going to 10x in bull season.

Assuming the bull season will happen in the next 2 years, if you borrow $30,000 now, you will pay $30,000 + interest rate. Most likely they will use floating interest rate than flat interest rate, so you will pay more especially you borrow for long term.

What if it goes wrong? assuming you will need to pay $35,000 and you lose everything in altcoins, you're use the profit in Bitcoin investment to cover up your mistake.

A phrase in economics says "all things being equal", meaning that if events turns out as it's supposed to be, without any chance of it going wrong. But in reality we know that it is not easy for every event to go exactly as it was planned. Therefore as the OP plans to borrow with interest to fund his altcoin investment, it's a good profitable decision, but what if it doesn't go as planned, then he might end up being worse off than when he started. From my experience, any business that gives you huge profit in a  short term will also carry huge risks of losing your capital, so for me it's not advisable to borrow capital to fund such businesses.

So I'll advice OP to invest in his preferred altcoin, with his own fund, sale your bitcoin and reinvest it in  altcoin, so it goes as planned, he'll reap the bountiful harvest, if not he'll bear the lose Alone.