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.

It means that you want to get a loan of 2.8k and pay 3.4k with a $600 interest. Don't you think this is a form of gambling.
One thing I would advise you is to make sure that you can get a loan and make sure you pay with your own money without depending on your Bitcoin investment. Do not think the price of Bitcoin would appreciate very well that will give you huge profits in the market because the price of Bitcoin is not certain.

Quote from: Negotiation on Today at 06:36:36 PM

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.

We can make profits in the market but we should make it a certain move that we ought to make profit because the market can decide to move anyhow. One thing that is very important about the market is investing and staying patient so you don't loss money or leave the market too early. This also applies to trading any coin of your choice.