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
It is highly discouraged to trade or invest using loans, this is very difficult, especially if you don't have it unless you are a hedge fund or VC or institution that uses other people's money to invest and even then it is not easy to have several fundamentals to become someone like that, I think as a smart investor, they don't like to borrow other people's money, they prefer to use their own because when talking about risk, they will only bear the consequences themselves if it does not match expectations, yes, even though Bitcoin does have quite high optimism, but yes, we are talking objectively that Bitcoin has volatility that is very difficult to predict by anyone and the heaviest burden is to pay on time accompanied by interest.