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 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
It looks like he's a newbie that does understand how the market really works. He could make the mistake of buying Bitcoin when the price is high and suddenly the price of Bitcoin continues going dip. We don't have know what the market has for us untill we see result.
I don't really like the idea of borrowing money to invest in Bitcoin. This is never a good idea and I think op need to rest and continue working, saving to buy Bitcoin. I can only advise for an investor to get a loan and invest in Bitcoin when the price is really down not now that Bitcoin is at 82k plus and we dont know if the price is going to dip more or go bull.