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.
If you get a loan you'll always remain in debts and so getting a loan isn't the remedy of everything but it'll actually slow pace the growth of what you intend to do with the money. There are ways I see loans especially some huge amounts that paying back would always be a problem, In business as this trading getting a loan it's not adviceable what's best is making use of money that you can account for not something you will take your entire life to do.
That's right, I think we should adjust the income or earnings that we have every month we earn, and don't speculate in this case if it is not enough to cover the installments of the loan, of course this will be a burden in the future if we continue to borrow loans from the bank, of course I don't dare to try it.
Indeed, with the decline that is happening like now, people will certainly be tempted to buy it much bigger than before. We never know if bitcoin will really reach its next ath in the next few months, so think again about taking that step.