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 will first oppose loans. I will never support you to take loans. When you trade with loans, if you lose money in trading, how will you repay your loans? Your debts will continue to grow until you can no longer repay the loans. At some point, you will see that you will be very damaged by not being able to repay the loans. So, if you have a small amount of money without taking a loan from the bank, you will be much better off trading with that money. The Bitcoin market is full of volatility and if you cannot predict the future correctly, you will never be successful in trading.