Quote from: dunfida on March 10, 2025, 01:56:30 PM

Quote from: betswift on March 10, 2025, 12:34:57 PM

Quote from: tvplus006 on March 09, 2025, 07:35:32 PM

Quote from: duke_otc on March 09, 2025, 05:36:28 PM

i have a counter question to this * why you want to do this when bitcoin is high instead of doing it when bitcoin is cheap ? thats how you end up buying high and selling low

Here, in principle, the question is whether it is worth taking it at all, since this carries a high risk of losing it. As for your question, I can assume that maybe the OP wants to open a short position and make a profit on the BTC drop.

It always leads to a situation where the market does the exact opposite of your plans on you and you feel betrayed, basically.
We all were there Grin

All of us do really be able to experience with having that kind of feeling of betrayal on which whenever you do make up some buy then the market dips and on the time you do make out some sell then it do pumps on which it will really be that giving out that kind of frustration and thats normal since this market is that really unpredictable on which theres those tendency that you will really be having that kind of impulsiveness. Getting up a loan when you do make out some trading or making up some investment then it will really be that not ideal on this case. Never take up some loan because at the time that you will really be that having this taking up the loan then it might causing up that kind of problem on the time that you would be needing up that repaying the problem. So its important that you do know on how to set up yourself on dealing up with this space.

Getting a loan for you to invest on cryptocurrencies then it will really be that a very risky move to be done because if you are already that having no solutions on repaying up the loan then that would really be that imposing a huge problem. So its always been best that you do really know on what you should gonna do and on what are the things that you do really need up to consider specially on taking up a loan.

I believe that if indeed no one can stop a person's conviction to get the loan to invest in something, then teach him/her the right way. Tell him/her to wait for a very good opportunity to enter the market. Those opportunities like the DIPs of the bear markets during 2019 and 2023 were GOLDEN OPPORTUNITIES. Wait for these, get your loan, then BUY the DIP.

Plus it's very important to have other sources of income to pay for the monthly interest on the loan, plus paying for part of the principal. NEVER pay for interest + the principal buy selling part of the investment as payment.