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.
I also want to take a loan to invest more than what I already have since most of crypto has drop down.
But it is always better to be free from debt.
What if it doesn't work out then the interest would just accumulate and worst is that the price could continue to drop.