Quote from: Berryfolia on January 31, 2025, 11:49:07 PM

Quote from: Finestream on December 24, 2024, 03:26:58 PM

Quote from: vladtepezs on December 24, 2024, 03:09:48 PM

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?

Assuming the answer is yes, then go ahead and take the loan.. thing is, even if Bitcoin doesn’t pump within the timeframe you’re expecting, it will likely increase over time since all these positive news factors can drive its price higher. however, keep in mind that there are no guarantees, so you’ll need to accept the risk and trust your instincts.

I’m not in support for anybody to take loan to trade bitcoin,what if in the course of trading market go against you and you tends to loose money.In that situation how will you be able to pay off your loan when you’re not making profits,it is not always easy and that the major reason why i can’t encourage anybody to loan money to trade bitcoin.
Bitcoin is an investment that we need to trade with cautions most especially when your knowledge on crypto is not wide enough,so anytime you want to risk in crypto space let it a calculative risk.

Of course this is an unhealthy step. Investing by borrowing, although bitcoin is very good to invest in, using debt is a fatal mistake so it is better not to force it. You must have a healthy investment principle to avoid debt, because the price of bitcoin is difficult to predict. Even taking a loan to build a business should not be reckless, you have to think carefully before going into debt, especially in the crypto world where the price is uncertain.

You must hold the principle like this, don't force yourself to buy the future today by borrowing. This practice is very simple. For example, if you don't have bitcoin because you don't have money. You can choose to pay in installments, this is better than going into debt, like forcing yourself to buy the future. The point is, everything you should want for the future does not need to be forced with debt. Moreover, OP plans to go into debt for risky futures trading, so it's better to think first before acting.