Quote from: Z_MBFM on March 08, 2025, 06:12:40 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.

You may not get that amount of profit in these 8 months as you have to return the money with interest to the bank after only 8 months. So before investing in Bitcoin or any other crypto coin with a loan, make sure to think deeply and afford to take a big loss and then take this decision. Because the bitcoin bull seems to be over already so now is the time to have a big bitcoin collection. So if you now invest in Bitcoin with such a high interest loan, if the price of Bitcoin falls, you will lose your investment, on the other hand, you will have to pay high interest to the bank, so you will face a huge loss on both sides. So I don't support your plan

You have made the right recommendation. Buying Bitcoin or other currencies with repayments will be a very dangerous decision. Suppose if you buy with a loan from a bank charging 9-10 pct profit, your loan will increase every day. The possibility of your profit from Bitcoin is very low in the short term. If luck is in your favor, you should look at it differently. I think that investing in Bitcoin will require a lot of liquidity, so investing with that amount of money from the bank will be very risky.

I would especially recommend that for those investors who are investing in cryptocurrencies, there may be a dangerous situation in the coming days. On the one hand, the repayments to their banks will continue to increase on the other hand, there is uncertainty in getting profits for their investments. Bitcoin may not work properly in the short term because it is a long term investment.