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.
For no reason should you take a loan to continue with margin trades in Bitcoin or whatsoever investment or business. To be frank it's more difficult to pay back money collected as loans to keep up your targets, moreso this why so many countries always remain in debts because they can't manage the little they have in generating more income rather they see it that when they take a loan it will boost the investment or business and generate more profits for them but they are getting it all wrong.
I agree because there is no guarantee that you will make a profit in trading currencies always go up and down so there is risk involved. Taking out a loan means creating a financial burden you have to repay the loan regularly with interest. If the investment fails you may be burdened with debt and cannot repay the loan on time that is why we think taking out a loan for bitcoin or any other investment or business is very risky. You should only invest the amount of money that you are prepared to lose.