What I see about bitcoin is its gonna bounce between 100-110k to 80-90k for a long time (at least until Trump takes over). I have an option to take a 2.8k $ loan from a bank and pay 3.4k $ in 8 months. (I'm gonna start paying it after 2 months so you may assume its 6 months). Should I get that loan and make 3x - 5x margin trades on Bitcoin with this strategy? I really appreciate your help. Take Care.
First things first, I’d like to ask: can you pay off the loan if your investment doesn’t go as expected?
This is immediately what I have thought of upon reading your post OP. This is very important knowing that many things could happen if you make the wrong decision or something went really bad with your investment. We all know that trading can be hard, and making sure that you have managed your risk will be a good practice for this.
It's still up to you to decide. If you have a good track record with your trading, you should do it. However, make sure to manage your risk.